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

WINMARK CORP is the larger business by last-quarter revenue ($21.1M vs $18.9M, roughly 1.1× Electromed, Inc.). WINMARK CORP runs the higher net margin — 47.2% vs 14.6%, a 32.6% gap on every dollar of revenue. On growth, Electromed, Inc. posted the faster year-over-year revenue change (16.3% vs 7.9%). WINMARK CORP produced more free cash flow last quarter ($8.5M vs $2.4M). Over the past eight quarters, Electromed, Inc.'s revenue compounded faster (16.7% CAGR vs 2.4%).

Electromed, Inc. is a specialized medical device firm developing, manufacturing, and distributing advanced respiratory care products. Its core offerings are high-frequency chest wall oscillation systems that clear airway secretions for patients with cystic fibrosis, COPD and other respiratory conditions, serving U.S. home care and clinical customers.

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...

ELMD vs WINA — Head-to-Head

Bigger by revenue
WINA
WINA
1.1× larger
WINA
$21.1M
$18.9M
ELMD
Growing faster (revenue YoY)
ELMD
ELMD
+8.4% gap
ELMD
16.3%
7.9%
WINA
Higher net margin
WINA
WINA
32.6% more per $
WINA
47.2%
14.6%
ELMD
More free cash flow
WINA
WINA
$6.1M more FCF
WINA
$8.5M
$2.4M
ELMD
Faster 2-yr revenue CAGR
ELMD
ELMD
Annualised
ELMD
16.7%
2.4%
WINA

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
ELMD
ELMD
WINA
WINA
Revenue
$18.9M
$21.1M
Net Profit
$2.8M
$10.0M
Gross Margin
78.4%
Operating Margin
19.2%
61.7%
Net Margin
14.6%
47.2%
Revenue YoY
16.3%
7.9%
Net Profit YoY
40.3%
3.9%
EPS (diluted)
$0.32
$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
ELMD
ELMD
WINA
WINA
Q4 25
$18.9M
$21.1M
Q3 25
$16.9M
$22.6M
Q2 25
$17.4M
$20.4M
Q1 25
$15.7M
$21.9M
Q4 24
$16.3M
$19.5M
Q3 24
$14.7M
$21.5M
Q2 24
$14.8M
$20.1M
Q1 24
$13.9M
$20.1M
Net Profit
ELMD
ELMD
WINA
WINA
Q4 25
$2.8M
$10.0M
Q3 25
$2.1M
$11.1M
Q2 25
$2.2M
$10.6M
Q1 25
$1.9M
$10.0M
Q4 24
$2.0M
$9.6M
Q3 24
$1.5M
$11.1M
Q2 24
$1.8M
$10.4M
Q1 24
$1.5M
$8.8M
Gross Margin
ELMD
ELMD
WINA
WINA
Q4 25
78.4%
Q3 25
78.1%
Q2 25
78.3%
Q1 25
78.0%
Q4 24
77.7%
Q3 24
78.3%
Q2 24
76.2%
Q1 24
74.8%
Operating Margin
ELMD
ELMD
WINA
WINA
Q4 25
19.2%
61.7%
Q3 25
15.8%
65.9%
Q2 25
17.5%
64.0%
Q1 25
13.6%
62.0%
Q4 24
15.6%
65.3%
Q3 24
13.2%
69.4%
Q2 24
15.7%
64.7%
Q1 24
13.3%
60.8%
Net Margin
ELMD
ELMD
WINA
WINA
Q4 25
14.6%
47.2%
Q3 25
12.6%
49.2%
Q2 25
12.7%
51.9%
Q1 25
12.1%
45.4%
Q4 24
12.1%
49.0%
Q3 24
10.0%
51.7%
Q2 24
12.3%
51.8%
Q1 24
10.8%
43.9%
EPS (diluted)
ELMD
ELMD
WINA
WINA
Q4 25
$0.32
$2.68
Q3 25
$0.25
$3.02
Q2 25
$0.26
$2.89
Q1 25
$0.21
$2.71
Q4 24
$0.22
$2.60
Q3 24
$0.16
$3.03
Q2 24
$0.20
$2.85
Q1 24
$0.17
$2.41

Balance Sheet & Financial Strength

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

Metric
ELMD
ELMD
WINA
WINA
Cash + ST InvestmentsLiquidity on hand
$13.8M
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$45.4M
$-53.7M
Total Assets
$54.9M
$24.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELMD
ELMD
WINA
WINA
Q4 25
$13.8M
$10.3M
Q3 25
$14.1M
$39.7M
Q2 25
$15.3M
$28.8M
Q1 25
$15.2M
$21.8M
Q4 24
$16.2M
$12.2M
Q3 24
$13.9M
$37.2M
Q2 24
$16.1M
$29.4M
Q1 24
$11.7M
$22.9M
Stockholders' Equity
ELMD
ELMD
WINA
WINA
Q4 25
$45.4M
$-53.7M
Q3 25
$44.7M
$-26.3M
Q2 25
$43.2M
$-36.8M
Q1 25
$43.9M
$-45.9M
Q4 24
$43.6M
$-51.0M
Q3 24
$41.5M
$-33.7M
Q2 24
$44.5M
$-42.2M
Q1 24
$42.5M
$-52.6M
Total Assets
ELMD
ELMD
WINA
WINA
Q4 25
$54.9M
$24.9M
Q3 25
$53.6M
$53.7M
Q2 25
$53.8M
$43.2M
Q1 25
$52.5M
$37.1M
Q4 24
$52.3M
$26.8M
Q3 24
$48.9M
$52.0M
Q2 24
$52.2M
$44.7M
Q1 24
$48.9M
$38.3M

Cash Flow & Capital Efficiency

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

Metric
ELMD
ELMD
WINA
WINA
Operating Cash FlowLast quarter
$3.0M
$8.5M
Free Cash FlowOCF − Capex
$2.4M
$8.5M
FCF MarginFCF / Revenue
12.7%
40.3%
Capex IntensityCapex / Revenue
3.4%
0.1%
Cash ConversionOCF / Net Profit
1.10×
0.86×
TTM Free Cash FlowTrailing 4 quarters
$7.9M
$44.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELMD
ELMD
WINA
WINA
Q4 25
$3.0M
$8.5M
Q3 25
$169.0K
$12.3M
Q2 25
$3.9M
$9.0M
Q1 25
$2.1M
$15.1M
Q4 24
$3.2M
$8.5M
Q3 24
$2.3M
$12.1M
Q2 24
$4.5M
$8.2M
Q1 24
$1.4M
$13.4M
Free Cash Flow
ELMD
ELMD
WINA
WINA
Q4 25
$2.4M
$8.5M
Q3 25
$-83.0K
$12.2M
Q2 25
$3.7M
$9.0M
Q1 25
$1.9M
$15.0M
Q4 24
$2.9M
Q3 24
$2.3M
$12.1M
Q2 24
$4.5M
$8.1M
Q1 24
$1.3M
$13.3M
FCF Margin
ELMD
ELMD
WINA
WINA
Q4 25
12.7%
40.3%
Q3 25
-0.5%
53.8%
Q2 25
21.4%
44.0%
Q1 25
12.2%
68.6%
Q4 24
18.0%
Q3 24
15.5%
56.3%
Q2 24
30.1%
40.4%
Q1 24
9.1%
66.0%
Capex Intensity
ELMD
ELMD
WINA
WINA
Q4 25
3.4%
0.1%
Q3 25
1.5%
0.3%
Q2 25
0.8%
0.3%
Q1 25
1.0%
0.2%
Q4 24
1.4%
0.0%
Q3 24
0.3%
0.0%
Q2 24
0.1%
0.5%
Q1 24
0.6%
0.4%
Cash Conversion
ELMD
ELMD
WINA
WINA
Q4 25
1.10×
0.86×
Q3 25
0.08×
1.10×
Q2 25
1.75×
0.85×
Q1 25
1.10×
1.51×
Q4 24
1.60×
0.88×
Q3 24
1.57×
1.09×
Q2 24
2.46×
0.79×
Q1 24
0.90×
1.52×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ELMD
ELMD

Homecare$17.3M91%
Other$1.6M9%

WINA
WINA

Segment breakdown not available.

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