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Ezcorp vs Winmark: revenue, profit, margins and growth compared

Ezcorp brought in $1.3B of revenue in fiscal 2025, Winmark $86.1M in fiscal 2025. Revenue changed by +9.7% at Ezcorp and +5.9% at Winmark on the year before, so Ezcorp grew faster. Ezcorp kept 8.6% of its revenue as net profit, Winmark 48.4%. Free cash flow was $110.4M at Ezcorp and $44.7M at Winmark.

Side by side, latest fiscal year

EZPWWINA
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 27, 2025)
Revenue$1.3B$86.1M
Revenue growth+9.7%+5.9%
Net income$109.6M$41.7M
Net margin8.6%48.4%
Free cash flow$110.4M$44.7M
Free cash flow margin8.7%51.9%
Earnings per share (diluted)$1.42$11.30
Cash$469.5M$10.3M
Debt$518.1Mn/a
Price to earnings21.926.2
Market value$1.9B$1.1B
Dividend yieldn/an/a
Rank by revenue in sector#427 of 778 · Consumer discretionary#697 of 778 · Consumer discretionary

Over the years

Revenue
EZPW FY2018: $813.5MEZPW FY2019: $847.2MEZPW FY2020: $822.8MEZPW FY2021: $729.6MEZPW FY2022: $886.2MEZPW FY2023: $1BEZPW FY2024: $1.2BEZPW FY2025: $1.3BWINA FY2018: $72.5MWINA FY2019: $73.3MWINA FY2020: $66.1MWINA FY2021: $78.2MWINA FY2022: $81.4MWINA FY2023: $83.2MWINA FY2024: $81.3MWINA FY2025: $86.1MFY18FY19FY20FY21FY22FY23FY24FY25
EZPW $1.3BWINA $86.1M
Net income
EZPW FY2018: $37.3MEZPW FY2019: $2.5MEZPW FY2020: -$68.5MEZPW FY2021: $8.6MEZPW FY2022: $50.2MEZPW FY2023: $38.5MEZPW FY2024: $83.1MEZPW FY2025: $109.6MWINA FY2018: $30.1MWINA FY2019: $32.1MWINA FY2020: $29.8MWINA FY2021: $39.9MWINA FY2022: $39.4MWINA FY2023: $40.2MWINA FY2024: $40MWINA FY2025: $41.7MFY18FY19FY20FY21FY22FY23FY24FY25
EZPW $109.6MWINA $41.7M
Net margin
EZPW FY2018: 4.6%EZPW FY2019: 0.3%EZPW FY2020: -8.3%EZPW FY2021: 1.2%EZPW FY2022: 5.7%EZPW FY2023: 3.7%EZPW FY2024: 7.2%EZPW FY2025: 8.6%WINA FY2018: 41.5%WINA FY2019: 43.9%WINA FY2020: 45.1%WINA FY2021: 51.0%WINA FY2022: 48.4%WINA FY2023: 48.3%WINA FY2024: 49.2%WINA FY2025: 48.4%FY18FY19FY20FY21FY22FY23FY24FY25
EZPW 8.6%WINA 48.4%
Revenue growth
EZPW FY2019: +4.1%EZPW FY2020: -2.9%EZPW FY2021: -11.3%EZPW FY2022: +21.5%EZPW FY2023: +18.4%EZPW FY2024: +10.7%EZPW FY2025: +9.7%WINA FY2019: +1.1%WINA FY2020: -9.9%WINA FY2021: +18.4%WINA FY2022: +4.1%WINA FY2023: +2.3%WINA FY2024: -2.3%WINA FY2025: +5.9%FY19FY20FY21FY22FY23FY24FY25
EZPW +9.7%WINA +5.9%
Free cash flow
EZPW FY2018: $48.5MEZPW FY2019: $64.7MEZPW FY2020: $20.6MEZPW FY2021: $22.8MEZPW FY2022: $34.6MEZPW FY2023: $61.4MEZPW FY2024: $77.8MEZPW FY2025: $110.4MWINA FY2018: $34.2MWINA FY2019: $50.5MWINA FY2020: $43.2MWINA FY2021: $48.3MWINA FY2022: $43.7MWINA FY2023: $43.6MWINA FY2024: $42MWINA FY2025: $44.7MFY18FY19FY20FY21FY22FY23FY24FY25
EZPW $110.4MWINA $44.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Ezcorp and Winmark

Which is bigger by revenue, Ezcorp or Winmark?

Ezcorp is bigger by revenue: $1.3B in fiscal 2025, against $86.1M for Winmark in fiscal 2025.

Which keeps more of its revenue as profit, Ezcorp or Winmark?

Ezcorp had a net margin of 8.6% in fiscal 2025; Winmark had 48.4% in fiscal 2025.

Which grew revenue faster, Ezcorp or Winmark?

In their latest fiscal years revenue changed by +9.7% at Ezcorp and +5.9% at Winmark.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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