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Side-by-side financial comparison of Taoping Inc. (TAOP) 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 $17.6M, roughly 1.2× Taoping Inc.). WINMARK CORP runs the higher net margin — 47.2% vs -26.6%, a 73.8% gap on every dollar of revenue. On growth, WINMARK CORP posted the faster year-over-year revenue change (7.9% vs -2.6%). WINMARK CORP produced more free cash flow last quarter ($8.5M vs $-2.8M).

Taoping Inc. is a China-based technology firm providing smart cloud services, digital media solutions, and targeted internet advertising services. Its core segments cover smart city support, enterprise digital transformation tools, and offline new retail digital operations, serving mainly enterprise and public sector clients in the domestic market.

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...

TAOP vs WINA — Head-to-Head

Bigger by revenue
WINA
WINA
1.2× larger
WINA
$21.1M
$17.6M
TAOP
Growing faster (revenue YoY)
WINA
WINA
+10.5% gap
WINA
7.9%
-2.6%
TAOP
Higher net margin
WINA
WINA
73.8% more per $
WINA
47.2%
-26.6%
TAOP
More free cash flow
WINA
WINA
$11.3M more FCF
WINA
$8.5M
$-2.8M
TAOP

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
TAOP
TAOP
WINA
WINA
Revenue
$17.6M
$21.1M
Net Profit
$-4.7M
$10.0M
Gross Margin
10.1%
Operating Margin
-23.8%
61.7%
Net Margin
-26.6%
47.2%
Revenue YoY
-2.6%
7.9%
Net Profit YoY
-894.8%
3.9%
EPS (diluted)
$-6.54
$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
TAOP
TAOP
WINA
WINA
Q4 25
$21.1M
Q3 25
$22.6M
Q2 25
$17.6M
$20.4M
Q1 25
$21.9M
Q4 24
$18.6M
$19.5M
Q3 24
$21.5M
Q2 24
$18.1M
$20.1M
Q1 24
$20.1M
Net Profit
TAOP
TAOP
WINA
WINA
Q4 25
$10.0M
Q3 25
$11.1M
Q2 25
$-4.7M
$10.6M
Q1 25
$10.0M
Q4 24
$-2.4M
$9.6M
Q3 24
$11.1M
Q2 24
$588.7K
$10.4M
Q1 24
$8.8M
Gross Margin
TAOP
TAOP
WINA
WINA
Q4 25
Q3 25
Q2 25
10.1%
Q1 25
Q4 24
19.5%
Q3 24
Q2 24
22.9%
Q1 24
Operating Margin
TAOP
TAOP
WINA
WINA
Q4 25
61.7%
Q3 25
65.9%
Q2 25
-23.8%
64.0%
Q1 25
62.0%
Q4 24
-8.0%
65.3%
Q3 24
69.4%
Q2 24
-0.7%
64.7%
Q1 24
60.8%
Net Margin
TAOP
TAOP
WINA
WINA
Q4 25
47.2%
Q3 25
49.2%
Q2 25
-26.6%
51.9%
Q1 25
45.4%
Q4 24
-13.0%
49.0%
Q3 24
51.7%
Q2 24
3.3%
51.8%
Q1 24
43.9%
EPS (diluted)
TAOP
TAOP
WINA
WINA
Q4 25
$2.68
Q3 25
$3.02
Q2 25
$-6.54
$2.89
Q1 25
$2.71
Q4 24
$-3.58
$2.60
Q3 24
$3.03
Q2 24
$3.29
$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
TAOP
TAOP
WINA
WINA
Cash + ST InvestmentsLiquidity on hand
$2.2M
$10.3M
Total DebtLower is stronger
$5.8M
Stockholders' EquityBook value
$14.5M
$-53.7M
Total Assets
$30.3M
$24.9M
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TAOP
TAOP
WINA
WINA
Q4 25
$10.3M
Q3 25
$39.7M
Q2 25
$2.2M
$28.8M
Q1 25
$21.8M
Q4 24
$1.6M
$12.2M
Q3 24
$37.2M
Q2 24
$480.3K
$29.4M
Q1 24
$22.9M
Total Debt
TAOP
TAOP
WINA
WINA
Q4 25
Q3 25
Q2 25
$5.8M
Q1 25
Q4 24
$5.8M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
TAOP
TAOP
WINA
WINA
Q4 25
$-53.7M
Q3 25
$-26.3M
Q2 25
$14.5M
$-36.8M
Q1 25
$-45.9M
Q4 24
$15.9M
$-51.0M
Q3 24
$-33.7M
Q2 24
$15.8M
$-42.2M
Q1 24
$-52.6M
Total Assets
TAOP
TAOP
WINA
WINA
Q4 25
$24.9M
Q3 25
$53.7M
Q2 25
$30.3M
$43.2M
Q1 25
$37.1M
Q4 24
$35.1M
$26.8M
Q3 24
$52.0M
Q2 24
$34.1M
$44.7M
Q1 24
$38.3M
Debt / Equity
TAOP
TAOP
WINA
WINA
Q4 25
Q3 25
Q2 25
0.40×
Q1 25
Q4 24
0.37×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
TAOP
TAOP
WINA
WINA
Operating Cash FlowLast quarter
$-1.5M
$8.5M
Free Cash FlowOCF − Capex
$-2.8M
$8.5M
FCF MarginFCF / Revenue
-16.0%
40.3%
Capex IntensityCapex / Revenue
7.6%
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
TAOP
TAOP
WINA
WINA
Q4 25
$8.5M
Q3 25
$12.3M
Q2 25
$-1.5M
$9.0M
Q1 25
$15.1M
Q4 24
$147.4K
$8.5M
Q3 24
$12.1M
Q2 24
$-2.5M
$8.2M
Q1 24
$13.4M
Free Cash Flow
TAOP
TAOP
WINA
WINA
Q4 25
$8.5M
Q3 25
$12.2M
Q2 25
$-2.8M
$9.0M
Q1 25
$15.0M
Q4 24
$-129.3K
Q3 24
$12.1M
Q2 24
$-3.3M
$8.1M
Q1 24
$13.3M
FCF Margin
TAOP
TAOP
WINA
WINA
Q4 25
40.3%
Q3 25
53.8%
Q2 25
-16.0%
44.0%
Q1 25
68.6%
Q4 24
-0.7%
Q3 24
56.3%
Q2 24
-18.3%
40.4%
Q1 24
66.0%
Capex Intensity
TAOP
TAOP
WINA
WINA
Q4 25
0.1%
Q3 25
0.3%
Q2 25
7.6%
0.3%
Q1 25
0.2%
Q4 24
1.5%
0.0%
Q3 24
0.0%
Q2 24
4.3%
0.5%
Q1 24
0.4%
Cash Conversion
TAOP
TAOP
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
-4.30×
0.79×
Q1 24
1.52×

Financial Flow Comparison

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

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