Growgeneration vs Tandy Leather Factory
Growgeneration is the larger business, with $162m of revenue in fiscal 2025 against $76.3m for Tandy Leather Factory (2.1 times as much). Tandy Leather Factory grew faster (2.6% against -14.4%). Tandy Leather Factory kept more of each dollar of sales as profit: a net margin of 11.9% against -14.9%.
| Latest fiscal year | GrowgenerationGRWG, 2025 | Tandy Leather FactoryTLF, 2025 |
|---|---|---|
| Revenue | $162m | $76.3m |
| Revenue growth | -14.4% | 2.6% |
| Net income | −$24.0m | $9.1m |
| Operating margin | -15.8% | — |
| Net margin | -14.9% | 11.9% |
| Return on equity | -22.1% | 16.6% |
| Free cash flow | −$9.4m | −$8.1m |
| Cash | $30.4m | $16.1m |
| Total debt | $0 | $0 |
| Debt to equity | 0.0% | — |
| Dividend per share | — | — |
| Dividend yield | — | 33.1% |
| Share buybacks | $0 | $1.4m |
| Employees | 253 | 538 |
| Market value | $90.2m | $19.3m |
| Price vs our value range | — | — |
| Moat score | 48 (Moderate) | 44 (Weak) |
| Insider trades, 12 months | 2 buys, 2 sales | 0 buys, 0 sales |