Tandy Leather Factory (TLF) Gross Margin (2010 - 2026)
Tandy Leather Factory (TLF) reported Gross Margin of 61.03% for Q1 2026, up 472.0% on a YoY basis from 10.67% in Q1 2025, and up 3.6% quarter-over-quarter from 58.91% in Q3 2025.
Tandy Leather Factory (TLF) Gross Margin (2010 - 2026) Analysis & Trends
Tandy Leather Factory has reported Gross Margin for 17 years, with the latest figure at 61.03% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 472.0% year-over-year to 61.03%; the trailing twelve-month figure through Mar 2026 stood at 58.94% (up 284.0% YoY), and the FY2024 full-year result was 56.19%, down 305.0% from the prior year.
- Gross Margin for Q1 2026 stood at 61.03%, up from 58.91% in the prior quarter.
- The five-year high for Gross Margin was 62.47% in Q2 2023, with the low at 52.95% in Q4 2024.
- Historically, Gross Margin has averaged 58.18% across 5 years, with a median of 58.0% in 2024.
- Annual changes were most pronounced in 2023 — Gross Margin jumped 543 bps — and 2024, when it slumped 459 bps.
- Tandy Leather Factory's Gross Margin stood at 55.74% in 2022, then decreased by 1 bps to 55.1% in 2023, then dropped by 4 bps to 52.95% in 2024, then advanced by 11 bps to 58.91% in 2025, then advanced by 4 bps to 61.03% in 2026.
- The last three Gross Margin figures came in at 61.03% (Q1 2026), 58.91% (Q3 2025), and 59.49% (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 27.84 Bn | 27.38 Bn | 1.01 Bn | 25.70% |
| 2 | Williams Sonoma | 24.59 Bn | 23.57 Bn | 1.10 Bn | 46.87% |
| 3 | Ulta Beauty | 20.75 Bn | 20.25 Bn | 1.48 Bn | 38.06% |
| 4 | Dick'S Sporting Goods | 17.81 Bn | 16.45 Bn | 1.77 Bn | 28.43% |
| 5 | Tractor Supply | 15.90 Bn | 15.67 Bn | 1.30 Bn | 36.22% |
| 6 | Best Buy | 15.61 Bn | 13.87 Bn | 2.10 Bn | 23.52% |
| 7 | NaaS Technology | 14.72 Bn | 14.70 Bn | - | - |
| 8 | Five Below | 10.27 Bn | 9.34 Bn | 696.98 Mn | 40.32% |
| 9 | Murphy USA | 10.20 Bn | 10.08 Bn | 3.98 Bn | 82.59% |
| 10 | Tandy Leather Factory | 18.80 Mn | 8.69 Mn | 11.99 Mn | 61.03% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 61.03% |
| Sep 30, 2025 | 58.91% |
| Jun 30, 2025 | 59.49% |
| Mar 31, 2025 | 56.30% |
| Dec 31, 2024 | 52.95% |
| Sep 30, 2024 | 57.76% |
| Jun 30, 2024 | 57.95% |
| Mar 31, 2024 | 56.65% |
| Dec 31, 2023 | 55.10% |
| Sep 30, 2023 | 62.35% |
| Jun 30, 2023 | 62.47% |
| Mar 31, 2023 | 58.05% |
| Dec 31, 2022 | 55.74% |
| Sep 30, 2022 | 60.85% |
| Jun 30, 2022 | 57.04% |
| Mar 31, 2022 | 58.20% |
| Dec 31, 2021 | 53.13% |
| Sep 30, 2021 | 57.51% |
| Jun 30, 2021 | 60.76% |
| Mar 31, 2021 | 56.96% |