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Side-by-side financial comparison of Sol-Gel Technologies Ltd. (SLGL) 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 $17.3M, roughly 1.2× Sol-Gel Technologies Ltd.). Sol-Gel Technologies Ltd. runs the higher net margin — 67.3% vs 47.2%, a 20.0% gap on every dollar of revenue. On growth, Sol-Gel Technologies Ltd. posted the faster year-over-year revenue change (217.7% vs 7.9%).

Sol-Gel Technologies Ltd. is a specialty biopharmaceutical company focused on developing and commercializing innovative dermatology treatments. Leveraging its proprietary sol-gel delivery technology, it creates topical therapies for common skin conditions including acne, rosacea and atopic dermatitis, with primary markets across North America and Europe, partnering with established healthcare firms to expand product reach.

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...

SLGL vs WINA — Head-to-Head

Bigger by revenue
WINA
WINA
1.2× larger
WINA
$21.1M
$17.3M
SLGL
Growing faster (revenue YoY)
SLGL
SLGL
+209.8% gap
SLGL
217.7%
7.9%
WINA
Higher net margin
SLGL
SLGL
20.0% more per $
SLGL
67.3%
47.2%
WINA

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
SLGL
SLGL
WINA
WINA
Revenue
$17.3M
$21.1M
Net Profit
$11.6M
$10.0M
Gross Margin
Operating Margin
65.1%
61.7%
Net Margin
67.3%
47.2%
Revenue YoY
217.7%
7.9%
Net Profit YoY
487.6%
3.9%
EPS (diluted)
$4.17
$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
SLGL
SLGL
WINA
WINA
Q4 25
$21.1M
Q3 25
$22.6M
Q2 25
$17.3M
$20.4M
Q1 25
$21.9M
Q4 24
$19.5M
Q3 24
$21.5M
Q2 24
$5.4M
$20.1M
Q1 24
$20.1M
Net Profit
SLGL
SLGL
WINA
WINA
Q4 25
$10.0M
Q3 25
$11.1M
Q2 25
$11.6M
$10.6M
Q1 25
$10.0M
Q4 24
$9.6M
Q3 24
$11.1M
Q2 24
$2.0M
$10.4M
Q1 24
$8.8M
Operating Margin
SLGL
SLGL
WINA
WINA
Q4 25
61.7%
Q3 25
65.9%
Q2 25
65.1%
64.0%
Q1 25
62.0%
Q4 24
65.3%
Q3 24
69.4%
Q2 24
29.9%
64.7%
Q1 24
60.8%
Net Margin
SLGL
SLGL
WINA
WINA
Q4 25
47.2%
Q3 25
49.2%
Q2 25
67.3%
51.9%
Q1 25
45.4%
Q4 24
49.0%
Q3 24
51.7%
Q2 24
36.4%
51.8%
Q1 24
43.9%
EPS (diluted)
SLGL
SLGL
WINA
WINA
Q4 25
$2.68
Q3 25
$3.02
Q2 25
$4.17
$2.89
Q1 25
$2.71
Q4 24
$2.60
Q3 24
$3.03
Q2 24
$0.71
$2.85
Q1 24
$2.41

Balance Sheet & Financial Strength

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

Metric
SLGL
SLGL
WINA
WINA
Cash + ST InvestmentsLiquidity on hand
$24.3M
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$31.9M
$-53.7M
Total Assets
$39.3M
$24.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLGL
SLGL
WINA
WINA
Q4 25
$10.3M
Q3 25
$39.7M
Q2 25
$24.3M
$28.8M
Q1 25
$21.8M
Q4 24
$12.2M
Q3 24
$37.2M
Q2 24
$26.5M
$29.4M
Q1 24
$22.9M
Stockholders' Equity
SLGL
SLGL
WINA
WINA
Q4 25
$-53.7M
Q3 25
$-26.3M
Q2 25
$31.9M
$-36.8M
Q1 25
$-45.9M
Q4 24
$-51.0M
Q3 24
$-33.7M
Q2 24
$34.9M
$-42.2M
Q1 24
$-52.6M
Total Assets
SLGL
SLGL
WINA
WINA
Q4 25
$24.9M
Q3 25
$53.7M
Q2 25
$39.3M
$43.2M
Q1 25
$37.1M
Q4 24
$26.8M
Q3 24
$52.0M
Q2 24
$42.0M
$44.7M
Q1 24
$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
SLGL
SLGL
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
SLGL
SLGL
WINA
WINA
Q4 25
$8.5M
Q3 25
$12.3M
Q2 25
$9.0M
Q1 25
$15.1M
Q4 24
$8.5M
Q3 24
$12.1M
Q2 24
$8.2M
Q1 24
$13.4M
Free Cash Flow
SLGL
SLGL
WINA
WINA
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
Q1 24
$13.3M
FCF Margin
SLGL
SLGL
WINA
WINA
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%
Q1 24
66.0%
Capex Intensity
SLGL
SLGL
WINA
WINA
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%
Q1 24
0.4%
Cash Conversion
SLGL
SLGL
WINA
WINA
Q4 25
0.86×
Q3 25
1.10×
Q2 25
0.85×
Q1 25
1.51×
Q4 24
0.88×
Q3 24
1.09×
Q2 24
0.79×
Q1 24
1.52×

Financial Flow Comparison

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

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