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

InfuSystem Holdings, Inc is the larger business by last-quarter revenue ($36.2M vs $21.1M, roughly 1.7× WINMARK CORP). On growth, WINMARK CORP posted the faster year-over-year revenue change (7.9% vs 7.0%). WINMARK CORP produced more free cash flow last quarter ($8.5M vs $7.0M). Over the past eight quarters, InfuSystem Holdings, Inc's revenue compounded faster (6.4% CAGR vs 2.4%).

InfuSystem Holdings, Inc. is a U.S.-headquartered healthcare provider specializing in infusion therapy solutions. It supplies programmable infusion pumps, matching disposable medical consumables, and professional clinical support services, serving oncology clinics, home healthcare providers, and acute care facilities across North America.

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...

INFU vs WINA — Head-to-Head

Bigger by revenue
INFU
INFU
1.7× larger
INFU
$36.2M
$21.1M
WINA
Growing faster (revenue YoY)
WINA
WINA
+0.8% gap
WINA
7.9%
7.0%
INFU
More free cash flow
WINA
WINA
$1.5M more FCF
WINA
$8.5M
$7.0M
INFU
Faster 2-yr revenue CAGR
INFU
INFU
Annualised
INFU
6.4%
2.4%
WINA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INFU
INFU
WINA
WINA
Revenue
$36.2M
$21.1M
Net Profit
$10.0M
Gross Margin
56.4%
Operating Margin
10.3%
61.7%
Net Margin
47.2%
Revenue YoY
7.0%
7.9%
Net Profit YoY
3.9%
EPS (diluted)
$0.09
$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
INFU
INFU
WINA
WINA
Q4 25
$36.2M
$21.1M
Q3 25
$36.5M
$22.6M
Q2 25
$36.0M
$20.4M
Q1 25
$34.7M
$21.9M
Q4 24
$33.8M
$19.5M
Q3 24
$35.3M
$21.5M
Q2 24
$33.7M
$20.1M
Q1 24
$32.0M
$20.1M
Net Profit
INFU
INFU
WINA
WINA
Q4 25
$10.0M
Q3 25
$2.3M
$11.1M
Q2 25
$2.6M
$10.6M
Q1 25
$-267.0K
$10.0M
Q4 24
$9.6M
Q3 24
$1.8M
$11.1M
Q2 24
$717.0K
$10.4M
Q1 24
$-1.1M
$8.8M
Gross Margin
INFU
INFU
WINA
WINA
Q4 25
56.4%
Q3 25
57.1%
Q2 25
55.2%
Q1 25
55.2%
Q4 24
53.8%
Q3 24
53.9%
Q2 24
49.5%
Q1 24
51.5%
Operating Margin
INFU
INFU
WINA
WINA
Q4 25
10.3%
61.7%
Q3 25
10.4%
65.9%
Q2 25
10.5%
64.0%
Q1 25
1.8%
62.0%
Q4 24
7.7%
65.3%
Q3 24
9.2%
69.4%
Q2 24
5.5%
64.7%
Q1 24
-2.6%
60.8%
Net Margin
INFU
INFU
WINA
WINA
Q4 25
47.2%
Q3 25
6.2%
49.2%
Q2 25
7.2%
51.9%
Q1 25
-0.8%
45.4%
Q4 24
49.0%
Q3 24
5.1%
51.7%
Q2 24
2.1%
51.8%
Q1 24
-3.5%
43.9%
EPS (diluted)
INFU
INFU
WINA
WINA
Q4 25
$0.09
$2.68
Q3 25
$0.11
$3.02
Q2 25
$0.12
$2.89
Q1 25
$-0.01
$2.71
Q4 24
$0.05
$2.60
Q3 24
$0.08
$3.03
Q2 24
$0.03
$2.85
Q1 24
$-0.05
$2.41

Balance Sheet & Financial Strength

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

Metric
INFU
INFU
WINA
WINA
Cash + ST InvestmentsLiquidity on hand
$3.2M
$10.3M
Total DebtLower is stronger
$19.6M
Stockholders' EquityBook value
$57.3M
$-53.7M
Total Assets
$100.6M
$24.9M
Debt / EquityLower = less leverage
0.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INFU
INFU
WINA
WINA
Q4 25
$3.2M
$10.3M
Q3 25
$955.0K
$39.7M
Q2 25
$720.0K
$28.8M
Q1 25
$1.5M
$21.8M
Q4 24
$527.0K
$12.2M
Q3 24
$380.0K
$37.2M
Q2 24
$146.0K
$29.4M
Q1 24
$822.0K
$22.9M
Total Debt
INFU
INFU
WINA
WINA
Q4 25
$19.6M
Q3 25
$20.9M
Q2 25
$26.3M
Q1 25
$28.7M
Q4 24
$23.9M
Q3 24
$28.0M
Q2 24
$34.2M
Q1 24
$29.9M
Stockholders' Equity
INFU
INFU
WINA
WINA
Q4 25
$57.3M
$-53.7M
Q3 25
$55.5M
$-26.3M
Q2 25
$54.5M
$-36.8M
Q1 25
$55.1M
$-45.9M
Q4 24
$57.5M
$-51.0M
Q3 24
$55.5M
$-33.7M
Q2 24
$53.5M
$-42.2M
Q1 24
$52.3M
$-52.6M
Total Assets
INFU
INFU
WINA
WINA
Q4 25
$100.6M
$24.9M
Q3 25
$98.9M
$53.7M
Q2 25
$100.8M
$43.2M
Q1 25
$104.3M
$37.1M
Q4 24
$103.6M
$26.8M
Q3 24
$105.3M
$52.0M
Q2 24
$108.5M
$44.7M
Q1 24
$104.8M
$38.3M
Debt / Equity
INFU
INFU
WINA
WINA
Q4 25
0.34×
Q3 25
0.38×
Q2 25
0.48×
Q1 25
0.52×
Q4 24
0.41×
Q3 24
0.50×
Q2 24
0.64×
Q1 24
0.57×

Cash Flow & Capital Efficiency

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

Metric
INFU
INFU
WINA
WINA
Operating Cash FlowLast quarter
$7.1M
$8.5M
Free Cash FlowOCF − Capex
$7.0M
$8.5M
FCF MarginFCF / Revenue
19.3%
40.3%
Capex IntensityCapex / Revenue
0.4%
0.1%
Cash ConversionOCF / Net Profit
0.86×
TTM Free Cash FlowTrailing 4 quarters
$23.8M
$44.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INFU
INFU
WINA
WINA
Q4 25
$7.1M
$8.5M
Q3 25
$8.5M
$12.3M
Q2 25
$7.0M
$9.0M
Q1 25
$1.8M
$15.1M
Q4 24
$7.9M
$8.5M
Q3 24
$9.8M
$12.1M
Q2 24
$2.3M
$8.2M
Q1 24
$377.0K
$13.4M
Free Cash Flow
INFU
INFU
WINA
WINA
Q4 25
$7.0M
$8.5M
Q3 25
$8.4M
$12.2M
Q2 25
$6.8M
$9.0M
Q1 25
$1.6M
$15.0M
Q4 24
$7.4M
Q3 24
$9.8M
$12.1M
Q2 24
$2.0M
$8.1M
Q1 24
$195.0K
$13.3M
FCF Margin
INFU
INFU
WINA
WINA
Q4 25
19.3%
40.3%
Q3 25
23.1%
53.8%
Q2 25
18.9%
44.0%
Q1 25
4.7%
68.6%
Q4 24
21.9%
Q3 24
27.7%
56.3%
Q2 24
5.9%
40.4%
Q1 24
0.6%
66.0%
Capex Intensity
INFU
INFU
WINA
WINA
Q4 25
0.4%
0.1%
Q3 25
0.2%
0.3%
Q2 25
0.6%
0.3%
Q1 25
0.4%
0.2%
Q4 24
1.6%
0.0%
Q3 24
0.1%
0.0%
Q2 24
1.0%
0.5%
Q1 24
0.6%
0.4%
Cash Conversion
INFU
INFU
WINA
WINA
Q4 25
0.86×
Q3 25
3.76×
1.10×
Q2 25
2.70×
0.85×
Q1 25
1.51×
Q4 24
0.88×
Q3 24
5.45×
1.09×
Q2 24
3.22×
0.79×
Q1 24
1.52×

Financial Flow Comparison

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

Revenue Breakdown by Segment

INFU
INFU

Patient Services$20.0M55%
Device Solutions$14.4M40%
Other$1.9M5%

WINA
WINA

Segment breakdown not available.

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