Tandy Leather Factory (TLF) Gross Margin (2010 - 2026)
Tandy Leather Factory (TLF) posted Gross Margin of 61.03% for Q1 2026, up 3.6% quarter-over-quarter from 58.91% in Q3 2025, and up 472.0% year-on-year from 10.67% in Q1 2025.
Tandy Leather Factory (TLF) Gross Margin (2010 - 2026) Analysis & Trends
Tandy Leather Factory (TLF) has reported Gross Margin for 17 consecutive years, with 61.03% the latest figure, recorded in Q1 2026.
- Gross Margin for Q1 2026 came in at 61.03%, up 472.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 58.94% (up 284.0% YoY), and the FY2024 annual result was 56.19%, down 305.0% from the prior year.
- Gross Margin was 61.03% for Q1 2026 at Tandy Leather Factory, up from 58.91% in the prior quarter.
- Over five years, Gross Margin peaked at 62.47% in Q2 2023 and troughed at 52.95% in Q4 2024.
- Average Gross Margin over 5 years is 58.18%, with a median of 58.0% recorded in 2024.
- Year-over-year, Gross Margin soared 543 bps in 2023 and plunged 459 bps in 2024.
- Over 5 years, Gross Margin stood at 55.74% in 2022, then declined by 1 bps to 55.1% in 2023, then retreated by 4 bps to 52.95% in 2024, then increased by 11 bps to 58.91% in 2025, then increased by 4 bps to 61.03% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 61.03% in Q1 2026, 58.91% in Q3 2025, and 59.49% in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | NaaS Technology | 29.20 Bn | 29.20 Bn | - | - |
| 2 | Caseys General Stores | 28.94 Bn | 28.48 Bn | 1.08 Bn | 23.63% |
| 3 | Williams Sonoma | 27.71 Bn | 26.69 Bn | 1.10 Bn | 46.87% |
| 4 | Dick'S Sporting Goods | 19.10 Bn | 17.75 Bn | 1.77 Bn | 28.43% |
| 5 | Tractor Supply | 16.98 Bn | 16.76 Bn | 1.30 Bn | 36.22% |
| 6 | Best Buy | 16.25 Bn | 14.50 Bn | 2.10 Bn | 23.52% |
| 7 | Murphy USA | 10.35 Bn | 10.23 Bn | 3.98 Bn | 82.59% |
| 8 | Five Below | 10.07 Bn | 9.13 Bn | 696.98 Mn | 40.32% |
| 9 | Winmark | 8.93 Bn | 8.93 Bn | 20.23 Mn | 97.03% |
| 10 | Tandy Leather Factory | 19.20 Mn | 9.10 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% |