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Side-by-side financial comparison of Silence Therapeutics plc (SLN) 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 $15.7M, roughly 1.3× Silence Therapeutics plc). WINMARK CORP runs the higher net margin — 47.2% vs -14.7%, a 62.0% gap on every dollar of revenue.

Silence Therapeutics is a London-based pharmaceutical company formed in 1994. The company has pioneered the development of short-interfering ribonucleic acid (siRNA) therapeutics for the treatment of rare diseases. Silence Therapeutics has offices in London, New Jersey, and Berlin, with its corporate headquarters located in Hammersmith, London.

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...

SLN vs WINA — Head-to-Head

Bigger by revenue
WINA
WINA
1.3× larger
WINA
$21.1M
$15.7M
SLN
Higher net margin
WINA
WINA
62.0% more per $
WINA
47.2%
-14.7%
SLN

Income Statement — Q1 FY2024 vs Q4 FY2025

Metric
SLN
SLN
WINA
WINA
Revenue
$15.7M
$21.1M
Net Profit
$-2.3M
$10.0M
Gross Margin
82.2%
Operating Margin
-35.6%
61.7%
Net Margin
-14.7%
47.2%
Revenue YoY
7.9%
Net Profit YoY
3.9%
EPS (diluted)
$-0.02
$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
SLN
SLN
WINA
WINA
Q4 25
$21.1M
Q3 25
$22.6M
Q2 25
$20.4M
Q1 25
$21.9M
Q4 24
$19.5M
Q3 24
$21.5M
Q2 24
$20.1M
Q1 24
$15.7M
$20.1M
Net Profit
SLN
SLN
WINA
WINA
Q4 25
$10.0M
Q3 25
$11.1M
Q2 25
$10.6M
Q1 25
$10.0M
Q4 24
$9.6M
Q3 24
$11.1M
Q2 24
$10.4M
Q1 24
$-2.3M
$8.8M
Gross Margin
SLN
SLN
WINA
WINA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
82.2%
Operating Margin
SLN
SLN
WINA
WINA
Q4 25
61.7%
Q3 25
65.9%
Q2 25
64.0%
Q1 25
62.0%
Q4 24
65.3%
Q3 24
69.4%
Q2 24
64.7%
Q1 24
-35.6%
60.8%
Net Margin
SLN
SLN
WINA
WINA
Q4 25
47.2%
Q3 25
49.2%
Q2 25
51.9%
Q1 25
45.4%
Q4 24
49.0%
Q3 24
51.7%
Q2 24
51.8%
Q1 24
-14.7%
43.9%
EPS (diluted)
SLN
SLN
WINA
WINA
Q4 25
$2.68
Q3 25
$3.02
Q2 25
$2.89
Q1 25
$2.71
Q4 24
$2.60
Q3 24
$3.03
Q2 24
$2.85
Q1 24
$-0.02
$2.41

Balance Sheet & Financial Strength

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

Metric
SLN
SLN
WINA
WINA
Cash + ST InvestmentsLiquidity on hand
$10.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$156.8M
$-53.7M
Total Assets
$24.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLN
SLN
WINA
WINA
Q4 25
$10.3M
Q3 25
$39.7M
Q2 25
$28.8M
Q1 25
$21.8M
Q4 24
$12.2M
Q3 24
$37.2M
Q2 24
$29.4M
Q1 24
$22.9M
Stockholders' Equity
SLN
SLN
WINA
WINA
Q4 25
$-53.7M
Q3 25
$-26.3M
Q2 25
$-36.8M
Q1 25
$-45.9M
Q4 24
$-51.0M
Q3 24
$-33.7M
Q2 24
$-42.2M
Q1 24
$156.8M
$-52.6M
Total Assets
SLN
SLN
WINA
WINA
Q4 25
$24.9M
Q3 25
$53.7M
Q2 25
$43.2M
Q1 25
$37.1M
Q4 24
$26.8M
Q3 24
$52.0M
Q2 24
$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
SLN
SLN
WINA
WINA
Operating Cash FlowLast quarter
$-9.1M
$8.5M
Free Cash FlowOCF − Capex
$8.5M
FCF MarginFCF / Revenue
40.3%
Capex IntensityCapex / Revenue
0.0%
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
SLN
SLN
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
$-9.1M
$13.4M
Free Cash Flow
SLN
SLN
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
SLN
SLN
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
SLN
SLN
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
0.0%
0.4%
Cash Conversion
SLN
SLN
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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