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

Strawberry Fields REIT, Inc. is the larger business by last-quarter revenue ($40.1M vs $21.1M, roughly 1.9× WINMARK CORP). WINMARK CORP runs the higher net margin — 47.2% vs 5.0%, a 42.2% gap on every dollar of revenue. On growth, Strawberry Fields REIT, Inc. posted the faster year-over-year revenue change (31.5% vs 7.9%). Over the past eight quarters, Strawberry Fields REIT, Inc.'s revenue compounded faster (20.0% CAGR vs 2.4%).

Strawberry Fields REIT, Inc. is a real estate investment trust focused on healthcare-related real estate assets. It owns, operates and manages skilled nursing facilities, senior living communities, and medical office buildings, primarily serving markets across the United States for healthcare providers and elderly care operators.

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...

STRW vs WINA — Head-to-Head

Bigger by revenue
STRW
STRW
1.9× larger
STRW
$40.1M
$21.1M
WINA
Growing faster (revenue YoY)
STRW
STRW
+23.6% gap
STRW
31.5%
7.9%
WINA
Higher net margin
WINA
WINA
42.2% more per $
WINA
47.2%
5.0%
STRW
Faster 2-yr revenue CAGR
STRW
STRW
Annualised
STRW
20.0%
2.4%
WINA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
STRW
STRW
WINA
WINA
Revenue
$40.1M
$21.1M
Net Profit
$2.0M
$10.0M
Gross Margin
Operating Margin
52.4%
61.7%
Net Margin
5.0%
47.2%
Revenue YoY
31.5%
7.9%
Net Profit YoY
37.6%
3.9%
EPS (diluted)
$0.15
$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
STRW
STRW
WINA
WINA
Q4 25
$40.1M
$21.1M
Q3 25
$39.7M
$22.6M
Q2 25
$37.9M
$20.4M
Q1 25
$37.3M
$21.9M
Q4 24
$30.5M
$19.5M
Q3 24
$29.5M
$21.5M
Q2 24
$29.3M
$20.1M
Q1 24
$27.8M
$20.1M
Net Profit
STRW
STRW
WINA
WINA
Q4 25
$2.0M
$10.0M
Q3 25
$2.0M
$11.1M
Q2 25
$2.0M
$10.6M
Q1 25
$1.6M
$10.0M
Q4 24
$1.5M
$9.6M
Q3 24
$944.0K
$11.1M
Q2 24
$938.0K
$10.4M
Q1 24
$746.0K
$8.8M
Operating Margin
STRW
STRW
WINA
WINA
Q4 25
52.4%
61.7%
Q3 25
56.6%
65.9%
Q2 25
54.5%
64.0%
Q1 25
54.1%
62.0%
Q4 24
51.5%
65.3%
Q3 24
54.4%
69.4%
Q2 24
52.3%
64.7%
Q1 24
51.3%
60.8%
Net Margin
STRW
STRW
WINA
WINA
Q4 25
5.0%
47.2%
Q3 25
5.1%
49.2%
Q2 25
5.2%
51.9%
Q1 25
4.2%
45.4%
Q4 24
4.8%
49.0%
Q3 24
3.2%
51.7%
Q2 24
3.2%
51.8%
Q1 24
2.7%
43.9%
EPS (diluted)
STRW
STRW
WINA
WINA
Q4 25
$0.15
$2.68
Q3 25
$0.16
$3.02
Q2 25
$0.16
$2.89
Q1 25
$0.13
$2.71
Q4 24
$0.17
$2.60
Q3 24
$0.14
$3.03
Q2 24
$0.14
$2.85
Q1 24
$0.12
$2.41

Balance Sheet & Financial Strength

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

Metric
STRW
STRW
WINA
WINA
Cash + ST InvestmentsLiquidity on hand
$31.8M
$10.3M
Total DebtLower is stronger
$794.7M
Stockholders' EquityBook value
$12.1M
$-53.7M
Total Assets
$885.2M
$24.9M
Debt / EquityLower = less leverage
65.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STRW
STRW
WINA
WINA
Q4 25
$31.8M
$10.3M
Q3 25
$19.8M
$39.7M
Q2 25
$96.3M
$28.8M
Q1 25
$42.3M
$21.8M
Q4 24
$48.4M
$12.2M
Q3 24
$29.3M
$37.2M
Q2 24
$16.1M
$29.4M
Q1 24
$15.1M
$22.9M
Total Debt
STRW
STRW
WINA
WINA
Q4 25
$794.7M
Q3 25
$779.4M
Q2 25
$794.1M
Q1 25
$715.5M
Q4 24
$673.9M
Q3 24
$584.5M
Q2 24
$555.0M
Q1 24
$560.4M
Stockholders' Equity
STRW
STRW
WINA
WINA
Q4 25
$12.1M
$-53.7M
Q3 25
$14.2M
$-26.3M
Q2 25
$15.5M
$-36.8M
Q1 25
$19.6M
$-45.9M
Q4 24
$18.2M
$-51.0M
Q3 24
$12.6M
$-33.7M
Q2 24
$7.4M
$-42.2M
Q1 24
$7.5M
$-52.6M
Total Assets
STRW
STRW
WINA
WINA
Q4 25
$885.2M
$24.9M
Q3 25
$880.6M
$53.7M
Q2 25
$897.3M
$43.2M
Q1 25
$834.8M
$37.1M
Q4 24
$787.6M
$26.8M
Q3 24
$661.5M
$52.0M
Q2 24
$635.9M
$44.7M
Q1 24
$634.9M
$38.3M
Debt / Equity
STRW
STRW
WINA
WINA
Q4 25
65.64×
Q3 25
54.70×
Q2 25
51.26×
Q1 25
36.47×
Q4 24
37.09×
Q3 24
46.34×
Q2 24
74.61×
Q1 24
74.81×

Cash Flow & Capital Efficiency

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

Metric
STRW
STRW
WINA
WINA
Operating Cash FlowLast quarter
$90.0M
$8.5M
Free Cash FlowOCF − Capex
$8.5M
FCF MarginFCF / Revenue
40.3%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
44.62×
0.86×
TTM Free Cash FlowTrailing 4 quarters
$44.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STRW
STRW
WINA
WINA
Q4 25
$90.0M
$8.5M
Q3 25
$20.7M
$12.3M
Q2 25
$29.8M
$9.0M
Q1 25
$19.0M
$15.1M
Q4 24
$59.3M
$8.5M
Q3 24
$11.8M
$12.1M
Q2 24
$20.6M
$8.2M
Q1 24
$2.1M
$13.4M
Free Cash Flow
STRW
STRW
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
STRW
STRW
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
STRW
STRW
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
STRW
STRW
WINA
WINA
Q4 25
44.62×
0.86×
Q3 25
10.26×
1.10×
Q2 25
15.24×
0.85×
Q1 25
11.97×
1.51×
Q4 24
40.44×
0.88×
Q3 24
12.53×
1.09×
Q2 24
21.93×
0.79×
Q1 24
2.85×
1.52×

Financial Flow Comparison

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

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