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Live Ventures vs Winmark: LIVE and WINA compared
Live Ventures is the larger company: $109M of revenue in its latest quarter (Q3 FY26) against $27.9M for Winmark (Q3 2026). Winmark is growing faster (+23% against -3% a year earlier). Winmark is more profitable, with an operating margin of 56.6% against 4.9%.
Where the money goes: LIVE and WINA
Live Ventures (LIVE) · Q3 FY26
Live Ventures, Q3 FY26: revenue $109M (-3% year over year), operating margin 4.9%, net loss $1.1M, operating cash flow $7.6M. The chart follows the revenue to costs, profit and cash.
Winmark (WINA) · Q3 2026
Winmark, Q3 2026: revenue $27.9M (+23% year over year), operating margin 56.6%, net earnings $11.8M, operating cash flow $12.9M. The chart follows the revenue to costs, profit and cash.
| Live Ventures (LIVE) | Winmark (WINA) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 2026 |
| Revenue | $109M | $27.9M |
| Revenue growth, Y/Y | -3% | +23% |
| Operating margin | 4.9% | 56.6% |
| Net earnings | −$1.1M | $11.8M |
| Net margin | -1.0% | 42.4% |
| Operating cash flow | $7.6M | $12.9M |
| Free cash flow | $5.3M | $12.7M |
| Market value | — | $1.1B |
| P/E | — | 26.1× |
| Analysts’ mean target | — | $545.00 |
Where the revenue comes from
Winmark
- Royalties: $21.7M (78%)
- North American advertising fund: $3.8M (14%)
- Merchandise sales: $1.0M (4%)
- Other: $499K (2%)
Questions
Which is bigger, Live Ventures or Winmark?
Live Ventures is the larger company: $109M of revenue in its latest quarter (Q3 FY26) against $27.9M for Winmark (Q3 2026).
Is Live Ventures or Winmark growing faster?
Winmark is growing faster (+23% against -3% a year earlier).
Which is more profitable, Live Ventures or Winmark?
Winmark is more profitable, with an operating margin of 56.6% against 4.9%.
More: Live Ventures earnings · how Live Ventures makes money · Winmark earnings · how Winmark makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 13, 2026; 10-Q filed Oct 14, 2026). Fiscal quarters can end on different dates. Not investment advice.