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

Playboy brought in $120.9M of revenue in fiscal 2025, Winmark $86.1M in fiscal 2025. Revenue changed by +4.1% at Playboy and +5.9% at Winmark on the year before, so Winmark grew faster. Playboy kept -10.5% of its revenue as net profit, Winmark 48.4%. Free cash flow was -$1M at Playboy and $44.7M at Winmark.

Side by side, latest fiscal year

PLBYWINA
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 27, 2025)
Revenue$120.9M$86.1M
Revenue growth+4.1%+5.9%
Net income-$12.7M$41.7M
Net margin-10.5%48.4%
Free cash flow-$1M$44.7M
Free cash flow margin-0.8%51.9%
Earnings per share (diluted)-$0.13$11.30
Cash$37.8M$10.3M
Debt$174.2Mn/a
Price to earningsn/a26.2
Market value$123.4M$1.1B
Dividend yieldn/an/a
Rank by revenue in sector#682 of 778 · Consumer discretionary#697 of 778 · Consumer discretionary

Over the years

Revenue
PLBY FY2020: $147.7MPLBY FY2021: $246.6MPLBY FY2022: $185.5MPLBY FY2023: $143MPLBY FY2024: $116.1MPLBY FY2025: $120.9MWINA FY2018: $72.5MWINA FY2019: $73.3MWINA FY2020: $66.1MWINA FY2021: $78.2MWINA FY2022: $81.4MWINA FY2023: $83.2MWINA FY2024: $81.3MWINA FY2025: $86.1MFY18FY19FY20FY21FY22FY23FY24FY25
PLBY $120.9MWINA $86.1M
Net income
PLBY FY2020: -$5.3MPLBY FY2021: -$77.7MPLBY FY2022: -$277.7MPLBY FY2023: -$180.4MPLBY FY2024: -$79.4MPLBY FY2025: -$12.7MWINA FY2018: $30.1MWINA FY2019: $32.1MWINA FY2020: $29.8MWINA FY2021: $39.9MWINA FY2022: $39.4MWINA FY2023: $40.2MWINA FY2024: $40MWINA FY2025: $41.7MFY18FY19FY20FY21FY22FY23FY24FY25
PLBY -$12.7MWINA $41.7M
Net margin
PLBY FY2020: -3.6%PLBY FY2021: -31.5%PLBY FY2022: -149.7%PLBY FY2023: -126.2%PLBY FY2024: -68.4%PLBY FY2025: -10.5%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
PLBY -10.5%WINA 48.4%
Revenue growth
PLBY FY2021: +67.0%PLBY FY2022: -24.8%PLBY FY2023: -23.0%PLBY FY2024: -18.8%PLBY FY2025: +4.1%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
PLBY +4.1%WINA +5.9%
Free cash flow
PLBY FY2020: -$71KPLBY FY2021: -$54.2MPLBY FY2022: -$66.9MPLBY FY2023: -$46.8MPLBY FY2024: -$21.4MPLBY FY2025: -$1MWINA FY2018: $34.2MWINA FY2019: $50.5MWINA FY2020: $43.2MWINA FY2021: $48.3MWINA FY2022: $43.7MWINA FY2023: $43.6MWINA FY2024: $42MWINA FY2025: $44.7MFY18FY19FY20FY21FY22FY23FY24FY25
PLBY -$1MWINA $44.7M

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

Questions about Playboy and Winmark

Which is bigger by revenue, Playboy or Winmark?

Playboy is bigger by revenue: $120.9M in fiscal 2025, against $86.1M for Winmark in fiscal 2025.

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

Playboy had a net margin of -10.5% in fiscal 2025; Winmark had 48.4% in fiscal 2025.

Which grew revenue faster, Playboy or Winmark?

In their latest fiscal years revenue changed by +4.1% at Playboy 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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