# Tandy Leather Factory Inc. (TLF)

**Exchange:** NASDAQ  
**Sector:** Consumer Cyclical  
**Market cap:** $19M  
**Price:** $2.31 (-0.43%)

> Tandy Leather Factory Inc. is a specialized retailer and distributor of leather and leathercraft items. The company is dedicated to serving the niche market of leathercraft enthusiasts and professionals. Tandy’s offerings include a vast array of products such as leather, tools, dyes, finishes, and hardware, aiming to support a diverse range of leather crafting projects. The company operates numerous retail locations and also offers an extensive online shopping experience to reach a wider audience. Tandy Leather Factory Inc. plays a significant role in supporting DIY craft projects, small businesses, and hobbyists by providing quality materials and expert advice. Its sector-specific focus is central to communities interested in handmade crafts, fashion, and accessories, and the brand maintains a loyal customer base among artisans and crafters. Additionally, Tandy's educational efforts, including workshops and online resources, empower new generations of leatherworkers to learn and enhance their skills, solidifying its place as a cornerstone in the leathercraft industry.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $76M | $44M | -$963,000 | $9M | $1.10 |
| 2024 | $74M | $42M | $628,000 | $827,000 | $0.09 |
| 2023 | $76M | $45M | $4M | $4M | $0.45 |
| 2022 | $80M | $46M | $1M | $1M | $0.15 |
| 2021 | $83M | $47M | $2M | $1M | $0.16 |
| 2020 | $64M | $36M | -$6M | -$5M | $-0.54 |
| 2019 | $75M | $42M | -$3M | -$2M | $-0.21 |
| 2018 | $83M | $51M | $6M | $4M | $0.48 |
| 2017 | $82M | $49M | $6M | $2M | $0.27 |
| 2016 | $83M | $52M | $10M | $6M | $0.69 |
| 2015 | $84M | $52M | $10M | $6M | $0.63 |
| 2014 | $83M | $52M | $12M | $8M | $0.75 |
| 2013 | $78M | $49M | $11M | $7M | $0.71 |
| 2012 | $73M | $46M | $9M | $6M | $0.55 |
| 2011 | $66M | $40M | $8M | $5M | $0.47 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $87M | $34M | $53M | $16M | — |
| 2024 | $75M | $18M | $57M | $13M | — |
| 2023 | $72M | $16M | $56M | $12M | — |
| 2022 | $69M | $17M | $51M | $8M | — |
| 2021 | $73M | $22M | $52M | $10M | $336,000 |
| 2020 | $76M | $23M | $52M | $10M | $446,000 |
| 2019 | $80M | $24M | $56M | $16M | — |
| 2018 | $77M | $18M | $58M | $24M | $9M |
| 2017 | $73M | $17M | $56M | $18M | $7M |
| 2016 | $71M | $18M | $53M | $17M | $7M |
| 2015 | $65M | $14M | $51M | $11M | $4M |
| 2014 | $63M | $14M | $49M | $11M | $6M |
| 2013 | $56M | $12M | $45M | $11M | $3M |
| 2012 | $49M | $12M | $38M | $8M | $3M |
| 2011 | $46M | $11M | $34M | $11M | $3M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$556,000 | $8M | -$8M |
| 2024 | $5M | $3M | $2M |
| 2023 | $5M | $576,000 | $4M |
| 2022 | $1M | $635,000 | $519,000 |
| 2021 | $4M | $1M | $3M |
| 2020 | -$13M | $1M | -$14M |
| 2019 | $10M | $269,000 | $10M |
| 2018 | $8M | $1M | $7M |
| 2017 | $2M | $2M | $773,776 |
| 2016 | $8M | $2M | $6M |
| 2015 | $8M | $2M | $6M |
| 2014 | $1M | $2M | -$1M |
| 2013 | $8M | $4M | $4M |
| 2012 | $2M | $3M | -$772,426 |
| 2011 | $7M | $1M | $5M |

Source: [CompaniesByCap](https://companiesbycap.com/company/TLF)