ThredUp vs Winmark
ThredUp reported revenue of $311 million in fiscal 2025, 3.6 times Winmark's $86 million in fiscal 2025. ThredUp's revenue grew 19.5% in its latest year, and Winmark's grew 5.9%. ThredUp had an operating margin of -7.0%, against 63.4% at Winmark. Free cash flow was $0 million at ThredUp and $45 million at Winmark. Their fiscal years end in different months (December 31 and December 27), so the periods don't line up exactly.
Side by side
| ThredUp | Winmark | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 27, 2025 |
| Revenue | $311M | $86M |
| Revenue growth | 19.5% | 5.9% |
| Revenue growth a year, last 5 years | 10.8% | 5.4% |
| Gross margin | 79.4% | 96.4% |
| Operating margin | −7.0% | 63.4% |
| Net margin | −6.5% | 48.4% |
| Free cash flow | $0M | $45M |
| Free cash flow margin | 0.1% | 52.0% |
| Return on capital | −54.2% | — |
| Net debt to EBITDA | — | 0.4x |
| Dividends and buybacks | $0M | $52M |
| Change in diluted share count | 8.7% | 0.5% |
| Last close | $1.28 | $265.23 |
| P/E at the last close | — | 23.7× |
| Insider trades, last 12 months | — | sold $3.6 million |
| Piotroski F-score | 4 of 9 | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
ThredUpWinmark
Operating margin
Percent of revenue
ThredUpWinmark
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
ThredUpWinmark