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Side-by-side financial comparison of CTO Realty Growth, Inc. (CTO) and WINMARK CORP (WINA). Click either name above to swap in a different company.

CTO Realty Growth, Inc. is the larger business by last-quarter revenue ($41.2M vs $21.1M, roughly 2.0× WINMARK CORP). WINMARK CORP runs the higher net margin — 47.2% vs 15.1%, a 32.2% gap on every dollar of revenue. On growth, CTO Realty Growth, Inc. posted the faster year-over-year revenue change (15.0% vs 7.9%). Over the past eight quarters, CTO Realty Growth, Inc.'s revenue compounded faster (19.5% CAGR vs 2.4%).

Keller Williams Realty is an American technology and international real estate franchise with headquarters in Austin, Texas. It is the largest real estate franchise in the United States by sales volume as of 2022.

Winmark Corporation is an American franchisor of five retail businesses that specialize in buying and selling used goods. The company is based in Minneapolis, Minnesota. Winmark was founded in 1988 as Play It Again Sports Franchise Corporation by Ron Olson and Jeffrey Dahlberg after they purchased the Play It Again Sports franchise rights from Martha Morris. They renamed the company to Grow Biz International Inc. in June 1993. Grow Biz went public in August 1993. In 2000, John Morgan replaced...

CTO vs WINA — Head-to-Head

Bigger by revenue
CTO
CTO
2.0× larger
CTO
$41.2M
$21.1M
WINA
Growing faster (revenue YoY)
CTO
CTO
+7.1% gap
CTO
15.0%
7.9%
WINA
Higher net margin
WINA
WINA
32.2% more per $
WINA
47.2%
15.1%
CTO
Faster 2-yr revenue CAGR
CTO
CTO
Annualised
CTO
19.5%
2.4%
WINA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CTO
CTO
WINA
WINA
Revenue
$41.2M
$21.1M
Net Profit
$6.2M
$10.0M
Gross Margin
Operating Margin
175.0%
61.7%
Net Margin
15.1%
47.2%
Revenue YoY
15.0%
7.9%
Net Profit YoY
174.4%
3.9%
EPS (diluted)
$0.13
$2.68

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CTO
CTO
WINA
WINA
Q1 26
$41.2M
Q4 25
$38.3M
$21.1M
Q3 25
$37.8M
$22.6M
Q2 25
$37.6M
$20.4M
Q1 25
$35.8M
$21.9M
Q4 24
$35.7M
$19.5M
Q3 24
$31.8M
$21.5M
Q2 24
$28.8M
$20.1M
Net Profit
CTO
CTO
WINA
WINA
Q1 26
$6.2M
Q4 25
$28.3M
$10.0M
Q3 25
$2.9M
$11.1M
Q2 25
$-23.4M
$10.6M
Q1 25
$2.3M
$10.0M
Q4 24
$-15.2M
$9.6M
Q3 24
$6.2M
$11.1M
Q2 24
$1.2M
$10.4M
Gross Margin
CTO
CTO
WINA
WINA
Q1 26
Q4 25
75.0%
Q3 25
75.4%
Q2 25
73.0%
Q1 25
75.2%
Q4 24
74.4%
Q3 24
74.4%
Q2 24
71.1%
Operating Margin
CTO
CTO
WINA
WINA
Q1 26
175.0%
Q4 25
75.1%
61.7%
Q3 25
26.6%
65.9%
Q2 25
-33.7%
64.0%
Q1 25
22.0%
62.0%
Q4 24
-20.4%
65.3%
Q3 24
15.6%
69.4%
Q2 24
18.8%
64.7%
Net Margin
CTO
CTO
WINA
WINA
Q1 26
15.1%
Q4 25
73.9%
47.2%
Q3 25
7.7%
49.2%
Q2 25
-62.2%
51.9%
Q1 25
6.3%
45.4%
Q4 24
-42.6%
49.0%
Q3 24
19.6%
51.7%
Q2 24
4.1%
51.8%
EPS (diluted)
CTO
CTO
WINA
WINA
Q1 26
$0.13
Q4 25
$0.81
$2.68
Q3 25
$0.03
$3.02
Q2 25
$-0.77
$2.89
Q1 25
$0.01
$2.71
Q4 24
$-0.69
$2.60
Q3 24
$0.17
$3.03
Q2 24
$-0.03
$2.85

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CTO
CTO
WINA
WINA
Cash + ST InvestmentsLiquidity on hand
$8.3M
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$575.4M
$-53.7M
Total Assets
$1.3B
$24.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTO
CTO
WINA
WINA
Q1 26
$8.3M
Q4 25
$6.5M
$10.3M
Q3 25
$9.3M
$39.7M
Q2 25
$8.6M
$28.8M
Q1 25
$8.4M
$21.8M
Q4 24
$9.0M
$12.2M
Q3 24
$8.2M
$37.2M
Q2 24
$4.8M
$29.4M
Total Debt
CTO
CTO
WINA
WINA
Q1 26
Q4 25
$616.3M
Q3 25
$604.2M
Q2 25
$605.4M
Q1 25
$602.2M
Q4 24
$519.0M
Q3 24
$526.8M
Q2 24
$482.7M
Stockholders' Equity
CTO
CTO
WINA
WINA
Q1 26
$575.4M
Q4 25
$567.3M
$-53.7M
Q3 25
$557.3M
$-26.3M
Q2 25
$574.1M
$-36.8M
Q1 25
$593.9M
$-45.9M
Q4 24
$612.8M
$-51.0M
Q3 24
$595.8M
$-33.7M
Q2 24
$491.8M
$-42.2M
Total Assets
CTO
CTO
WINA
WINA
Q1 26
$1.3B
Q4 25
$1.3B
$24.9M
Q3 25
$1.2B
$53.7M
Q2 25
$1.2B
$43.2M
Q1 25
$1.2B
$37.1M
Q4 24
$1.2B
$26.8M
Q3 24
$1.2B
$52.0M
Q2 24
$1.0B
$44.7M
Debt / Equity
CTO
CTO
WINA
WINA
Q1 26
Q4 25
1.09×
Q3 25
1.08×
Q2 25
1.05×
Q1 25
1.01×
Q4 24
0.85×
Q3 24
0.88×
Q2 24
0.98×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CTO
CTO
WINA
WINA
Operating Cash FlowLast quarter
$8.5M
Free Cash FlowOCF − Capex
$8.5M
FCF MarginFCF / Revenue
40.3%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
0.86×
TTM Free Cash FlowTrailing 4 quarters
$44.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTO
CTO
WINA
WINA
Q1 26
Q4 25
$64.6M
$8.5M
Q3 25
$25.5M
$12.3M
Q2 25
$21.9M
$9.0M
Q1 25
$10.3M
$15.1M
Q4 24
$59.9M
$8.5M
Q3 24
$21.2M
$12.1M
Q2 24
$12.9M
$8.2M
Free Cash Flow
CTO
CTO
WINA
WINA
Q1 26
Q4 25
$8.5M
Q3 25
$12.2M
Q2 25
$9.0M
Q1 25
$15.0M
Q4 24
Q3 24
$12.1M
Q2 24
$8.1M
FCF Margin
CTO
CTO
WINA
WINA
Q1 26
Q4 25
40.3%
Q3 25
53.8%
Q2 25
44.0%
Q1 25
68.6%
Q4 24
Q3 24
56.3%
Q2 24
40.4%
Capex Intensity
CTO
CTO
WINA
WINA
Q1 26
Q4 25
0.1%
Q3 25
0.3%
Q2 25
0.3%
Q1 25
0.2%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.5%
Cash Conversion
CTO
CTO
WINA
WINA
Q1 26
Q4 25
2.28×
0.86×
Q3 25
8.75×
1.10×
Q2 25
0.85×
Q1 25
4.56×
1.51×
Q4 24
0.88×
Q3 24
3.40×
1.09×
Q2 24
10.89×
0.79×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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