Boqii Holding vs Tandy Leather Factory
Tandy Leather Factory is the larger business, with $76.3m of revenue in fiscal 2025 against $59.2m for Boqii Holding (1.3 times as much). Tandy Leather Factory grew faster (2.6% against -8.9%). Tandy Leather Factory kept more of each dollar of sales as profit: a net margin of 11.9% against -1.2%.
| Latest fiscal year | Boqii HoldingBQ, 2026 | Tandy Leather FactoryTLF, 2025 |
|---|---|---|
| Revenue | $59.2m | $76.3m |
| Revenue growth | -8.9% | 2.6% |
| Net income | −$715,229 | $9.1m |
| Operating margin | -7.1% | — |
| Net margin | -1.2% | 11.9% |
| Return on equity | -2.7% | 16.6% |
| Free cash flow | −$4.3m | −$8.1m |
| Cash | $7.2m | $16.1m |
| Total debt | $4.6m | $0 |
| Debt to equity | 17.0% | — |
| Dividend per share | — | — |
| Dividend yield | — | 33.1% |
| Share buybacks | — | $1.4m |
| Employees | — | 538 |
| Market value | $1.8m | $19.3m |
| Price vs our value range | — | — |
| Moat score | — | 44 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |