Tandy Leather Factory (TLF)
Market Price (5/30/2026): $2.36 | Market Cap: $19.1 MilSector: Consumer Discretionary | Industry: Other Specialty Retail
Tandy Leather Factory (TLF)
Market Price (5/30/2026): $2.36Market Cap: $19.1 MilSector: Consumer DiscretionaryIndustry: Other Specialty Retail
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 20%, Dividend Yield is 32%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 16% Low stock price volatilityVol 12M is 41% Megatrend and thematic driversMegatrends include Artisan & Crafting Economy. Themes include Craft Supplies & Tools, DIY & Maker Movement, and Specialized Retail. | Weak multi-year price returns2Y Excs Rtn is -24%, 3Y Excs Rtn is -49% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -0.9 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.1% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 93% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.3% Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -7.7% Key risksTLF key risks include [1] material weaknesses in its internal financial controls that have led to restatements and filing delays and [2] a significant dependence on a concentrated group of suppliers, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 20%, Dividend Yield is 32%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 16% |
| Low stock price volatilityVol 12M is 41% |
| Megatrend and thematic driversMegatrends include Artisan & Crafting Economy. Themes include Craft Supplies & Tools, DIY & Maker Movement, and Specialized Retail. |
| Weak multi-year price returns2Y Excs Rtn is -24%, 3Y Excs Rtn is -49% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -0.9 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.1% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 93% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.3% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -7.7% |
| Key risksTLF key risks include [1] material weaknesses in its internal financial controls that have led to restatements and filing delays and [2] a significant dependence on a concentrated group of suppliers, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Tandy Leather Factory (TLF) stock has gained about 45% since 1/31/2026 because of the following key factors:
1. Tandy Leather Factory announced and paid a substantial special cash dividend of $0.75 per share in the first quarter of 2026, totaling approximately $6.1 million.
2. The company reported significantly improved financial performance for the full year 2025, with earnings increasing by 1000.60% to $9.10 million and earnings per share (EPS) rising by 1,122.2% to $1.10.
Show more
Stock Movement Drivers
Fundamental Drivers
The 42.8% change in TLF stock from 1/31/2026 to 5/29/2026 was primarily driven by a 37.7% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 5292026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.65 | 2.35 | 42.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 75 | 77 | 3.2% |
| P/S Multiple | 0.2 | 0.2 | 37.7% |
| Shares Outstanding (Mil) | 8 | 8 | 0.5% |
| Cumulative Contribution | 42.8% |
Market Drivers
1/31/2026 to 5/29/2026| Return | Correlation | |
|---|---|---|
| TLF | 42.8% | |
| Market (SPY) | 9.6% | 8.9% |
| Sector (XLY) | -0.0% | 0.7% |
Fundamental Drivers
The 34.7% change in TLF stock from 10/31/2025 to 5/29/2026 was primarily driven by a 24.7% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 5292026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.74 | 2.35 | 34.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 75 | 77 | 3.1% |
| P/S Multiple | 0.2 | 0.2 | 24.7% |
| Shares Outstanding (Mil) | 8 | 8 | 4.8% |
| Cumulative Contribution | 34.7% |
Market Drivers
10/31/2025 to 5/29/2026| Return | Correlation | |
|---|---|---|
| TLF | 34.7% | |
| Market (SPY) | 11.5% | 10.7% |
| Sector (XLY) | 1.2% | 4.4% |
Fundamental Drivers
The 46.4% change in TLF stock from 4/30/2025 to 5/29/2026 was primarily driven by a 31.2% change in the company's P/S Multiple.| (LTM values as of) | 4302025 | 5292026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.61 | 2.35 | 46.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 74 | 77 | 3.4% |
| P/S Multiple | 0.2 | 0.2 | 31.2% |
| Shares Outstanding (Mil) | 9 | 8 | 7.8% |
| Cumulative Contribution | 46.4% |
Market Drivers
4/30/2025 to 5/29/2026| Return | Correlation | |
|---|---|---|
| TLF | 46.4% | |
| Market (SPY) | 38.0% | 7.9% |
| Sector (XLY) | 23.5% | 5.4% |
Fundamental Drivers
The 33.7% change in TLF stock from 4/30/2023 to 5/29/2026 was primarily driven by a 35.1% change in the company's P/S Multiple.| (LTM values as of) | 4302023 | 5292026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.76 | 2.35 | 33.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 80 | 77 | -4.2% |
| P/S Multiple | 0.2 | 0.2 | 35.1% |
| Shares Outstanding (Mil) | 8 | 8 | 3.3% |
| Cumulative Contribution | 33.7% |
Market Drivers
4/30/2023 to 5/29/2026| Return | Correlation | |
|---|---|---|
| TLF | 33.7% | |
| Market (SPY) | 89.0% | 7.0% |
| Sector (XLY) | 67.5% | 5.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TLF Return | 0% | 42% | 0% | 12% | -21% | 48% | 87% |
| Peers Return | 57% | -36% | -6% | -13% | -11% | 7% | -23% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| TLF Win Rate | 0% | 25% | 42% | 58% | 42% | 60% | |
| Peers Win Rate | 65% | 33% | 48% | 40% | 52% | 52% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| TLF Max Drawdown | 0% | -43% | -15% | -20% | -35% | -7% | |
| Peers Max Drawdown | -28% | -55% | -49% | -42% | -44% | -28% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ETSY, BKE, ZUMZ, PLCE, SCVL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/29/2026 (YTD)
How Low Can It Go
| Event | TLF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -30.8% | -18.8% |
| % Gain to Breakeven | 44.5% | 23.1% |
| Time to Breakeven | 305 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.2% | -33.7% |
| % Gain to Breakeven | 73.0% | 50.9% |
| Time to Breakeven | 898 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -11.0% | -3.7% |
| % Gain to Breakeven | 12.4% | 3.9% |
| Time to Breakeven | 23 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -15.5% | -12.2% |
| % Gain to Breakeven | 18.4% | 13.9% |
| Time to Breakeven | 303 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -16.7% | -17.9% |
| % Gain to Breakeven | 20.0% | 21.8% |
| Time to Breakeven | 136 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -49.7% | -53.4% |
| % Gain to Breakeven | 98.7% | 114.4% |
| Time to Breakeven | 192 days | 1085 days |
In The Past
Tandy Leather Factory's stock fell -30.8% during the 2025 US Tariff Shock. Such a loss loss requires a 44.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | TLF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -30.8% | -18.8% |
| % Gain to Breakeven | 44.5% | 23.1% |
| Time to Breakeven | 305 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.2% | -33.7% |
| % Gain to Breakeven | 73.0% | 50.9% |
| Time to Breakeven | 898 days | 140 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -49.7% | -53.4% |
| % Gain to Breakeven | 98.7% | 114.4% |
| Time to Breakeven | 192 days | 1085 days |
In The Past
Tandy Leather Factory's stock fell -30.8% during the 2025 US Tariff Shock. Such a loss loss requires a 44.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Tandy Leather Factory (TLF)
AI Analysis | Feedback
Here are 1-3 brief analogies for Tandy Leather Factory (TLF):
- The Jo-Ann Fabrics of leathercraft.
- The Home Depot for leatherworking supplies.
AI Analysis | Feedback
- Leather & Leathercraft Supplies: Tandy Leather offers a wide range of raw leather, hand tools, hardware, kits, liquids, machinery, and various accessories for leathercraft enthusiasts.
- Manufactured Leather Components: The company produces its own line of leather laces, cut leather pieces, do-it-yourself kits, thread laces, belt strips and straps, and Craftaids.
- Teaching Materials: Educational resources and guides are provided to assist customers in learning and mastering leathercraft techniques.
- Production Services: Tandy Leather offers specialized cutting, splitting, and assembly services tailored for business customers.
AI Analysis | Feedback
Tandy Leather Factory (TLF) primarily sells its products to individual customers and small businesses through its network of retail stores and e-commerce websites. Based on the company description, its major customer categories are:
- Hobbyists and DIY Enthusiasts: These customers engage in leathercraft as a personal hobby, creating items for their own use, as gifts, or for the satisfaction of crafting. They purchase raw materials, tools, kits, and supplies from Tandy Leather for their personal projects.
- Professional Artisans and Small Business Owners: This category includes individuals or very small enterprises that design, produce, and sell handcrafted leather goods. They rely on Tandy Leather for a consistent supply of leather, specialized tools, hardware, and accessories to create their products for sale.
- Educational Institutions and Craft Groups: Schools, community centers, workshops, and other organizations that offer leathercraft classes, workshops, or programs constitute another customer segment. They purchase supplies in bulk for their students and participants.
While the company also offers "production services, including cutting, splitting, and assembly services to business customers," its overall description as a "retailer" operating "106 retail stores" points to a predominant focus on serving these individual and small-scale professional customer segments.
AI Analysis | Feedback
nullAI Analysis | Feedback
Johan Hedberg, Chief Executive Officer
Johan Hedberg was appointed Chief Executive Officer and joined the Board of Directors of Tandy Leather Factory, Inc. effective January 6, 2025. He brings over 30 years of wholesale and retail leadership experience to the company. Prior to joining Tandy Leather, Mr. Hedberg held senior roles at Fiskars Group, serving as Chief Sales Officer and President, Americas. He also served as VP of Sales and Marketing for EMEA/ROW at Thule Group. He earned a Bachelor of Business Administration from Southern Methodist University's Cox School of Business and a Master of Business Administration from Northwestern University's Kellogg School of Management.
Michael Galvan, Chief Financial Officer
Michael Galvan was appointed Chief Financial Officer of Tandy Leather Factory, Inc. effective January 11, 2021. Mr. Galvan first joined the company in May 2020 as Interim Chief Financial Officer and has over 25 years of finance and accounting experience, including executive leadership roles as Interim Chief Financial Officer, Chief Accounting Officer, and Treasurer for various publicly-traded companies.
Mark J. Angus, President
Mark J. Angus has served as the President of Tandy Leather Factory, Inc. since June 7, 2016.
William M. Warren, General Counsel and Secretary
William M. Warren has been the General Counsel of Tandy Leather Factory, Inc. since 1980 and the Secretary since June 1993.
Matt Towns, Chief Accounting Officer
Matt Towns serves as the Chief Accounting Officer of Tandy Leather Factory.
AI Analysis | Feedback
Here are the key risks to Tandy Leather Factory (TLF):1. Competition from E-commerce and Larger Retailers
Tandy Leather Factory faces significant competition from online marketplaces such as Amazon and Etsy, which can capture market share and offer competitive pricing. Additionally, larger craft store chains like Hobby Lobby also pose a competitive threat by offering a broader range of products. This competitive landscape has challenged TLF to adapt its operational structure and strategies since at least 2018.2. Reliance on a Niche Market and Shifting Consumer Trends
Tandy Leather Factory operates within the specialized leathercrafting hobby market, which inherently limits its growth potential. The company is highly susceptible to shifts in consumer trends and discretionary spending habits, making it vulnerable during economic downturns. Furthermore, the broader leather industry is predicted to experience a decline, which could negatively impact Tandy Leather Factory's future growth prospects.3. Operational Costs and Supply Chain Vulnerabilities
The operation of numerous physical retail stores incurs substantial fixed costs, making the company susceptible to increases in inflation and labor expenses. While the company sources materials from multiple vendors, the global leather supply chain faces challenges related to sustainability, including environmental and health impacts from chemical use, compliance issues, and a lack of traceability, which could affect the availability and cost of raw materials. The company's reliance on a single central warehouse for processing and distribution also increases transportation costs and could lead to vulnerabilities if operational issues arise.AI Analysis | Feedback
The increasing market acceptance and technological advancement of high-quality, sustainable, and animal-free leather alternatives (e.g., mushroom leather, pineapple leather, cactus leather, lab-grown leather) represent a clear emerging threat. As these materials improve in durability, aesthetics, and workability, and as consumer preferences increasingly shift towards ethical and environmentally friendly options, they could fundamentally erode the demand for traditional animal leather, which forms the core of Tandy Leather Factory's product offering.AI Analysis | Feedback
The addressable market for Tandy Leather Factory's main products and services spans the leather goods market and the broader handicrafts and arts & crafts markets in North America and Spain.North America
- Leather Goods Market: The North American leather goods market generated a revenue of approximately USD 60,243.7 million in 2023. This market is projected to grow to about USD 92,524.4 million by 2030, with a compound annual growth rate (CAGR) of 6.3% from 2024 to 2030. Specifically, the U.S. leather goods market alone was valued at USD 50.85 billion in 2023 and is projected to reach approximately USD 97.26 billion by 2033, growing at a CAGR of 6.7% from 2024 to 2033. North America accounts for a significant portion, around 24%, of the global leather goods market share.
- Handicrafts and Arts & Crafts Market: The North American handicrafts market was valued at USD 361.0 billion in 2024 and is estimated to reach USD 768.0 billion by 2033, exhibiting a CAGR of 8.7% from 2025 to 2033. Another estimate indicates the North America handicrafts market was worth USD 237.39 billion in 2024, projected to grow to USD 477.05 billion by the end of 2033. The North America arts and crafts market was valued at USD 19,805.3 million in 2025 and is estimated to reach USD 39,859.37 million by 2034, with a CAGR of 8.22% from 2026 to 2034. The U.S. leads the arts and crafts market within North America.
Spain
- Leather Goods Market: The leather goods market in Spain was valued at approximately USD 12.16 billion in 2024. It is expected to grow to USD 22.99 billion by 2032, with a CAGR of 11.16% from 2025 to 2032. Sales of Spanish leather goods are also anticipated to reach €3.6 billion (approximately USD 3.8 billion) by 2026. The market is anticipated to grow at more than a 6.42% CAGR from 2026 to 2031.
- Handicrafts and Art & Craft Market: The handicrafts market in Spain reached USD 19.2 billion in 2025 and is expected to reach USD 30.2 billion by 2034, exhibiting a CAGR of 5.18% during 2026-2034. The Spain handicrafts market generated a revenue of USD 16,406.1 million in 2023 and is expected to reach USD 22,819.0 million by 2030. The Spanish art and craft market was valued at more than USD 720 million in 2023 and is forecasted to achieve USD 1757.09 million by 2034 from USD 930.14 million in 2025.
AI Analysis | Feedback
Here are the expected drivers of future revenue growth for Tandy Leather Factory (TLF) over the next 2-3 years:-
Sustained Sales Growth: Tandy Leather Factory reported a return to sales growth in the fourth quarter of 2025, with an 8.3% year-over-year increase, and a 2.6% increase for the full year 2025 compared to 2024. This indicates an ongoing focus and expectation for continued expansion in its overall sales volume across its North American and Spanish retail operations and e-commerce platforms.
-
Gross Margin Expansion through Strategic Pricing and Sourcing Efficiencies: The company's gross margins improved to 57.0% for the full year 2025, up from 56.2% in 2024, and reached 58.9% in Q3 2025. This improvement was attributed to "dynamic sourcing and strategic price increases." These actions are expected to continue contributing to higher revenue per unit sold and enhanced profitability, which can be reinvested into further growth initiatives.
-
Improved Operational Focus Post-Relocation: The completion of the relocation of the company's headquarters and distribution center in 2025 is expected to remove an "operational distraction." This improved operational efficiency and stability will allow management to dedicate more resources and focus on core growth strategies, potentially leading to better execution of sales and marketing initiatives.
AI Analysis | Feedback
Share Repurchases
- Tandy Leather Factory renewed its stock repurchase program in September 2024, authorizing the company to buy back up to $5 million of its common stock in open market transactions until September 30, 2026. This program followed one initiated in August 2022.
- In August 2022, the Board of Directors authorized a share repurchase program allowing the company to repurchase up to 1.2 million shares of its common stock over the subsequent 12 months.
Capital Expenditures
- Tandy Leather Factory's sale of its corporate headquarters in 2025 and subsequent relocation implies capital expenditures related to a new office and distribution center, as well as a relocated Fort Worth flagship store.
- The anticipated relocation cost related to the headquarters sale was approximately $6 million.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Tandy Leather Factory Earnings Notes | 12/16/2025 | |
| How Low Can Tandy Leather Factory Stock Really Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to TLF.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | FUN | Six Flags Entertainment | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 0.0% | 0.0% | 0.0% |
| 04242026 | MGM | MGM Resorts International | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -1.5% | -1.5% | -1.5% |
| 04242026 | WEN | Wendy's | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | -2.5% | -2.5% | -5.3% |
| 04102026 | WHR | Whirlpool | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | -0.8% | -0.8% | -4.8% |
| 04022026 | SKY | Champion Homes | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.1% | 3.1% | -1.2% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 21.16 |
| Mkt Cap | 0.4 |
| Rev LTM | 1,172 |
| Op Inc LTM | 42 |
| FCF LTM | 34 |
| FCF 3Y Avg | 34 |
| CFO LTM | 62 |
| CFO 3Y Avg | 64 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.5% |
| Rev Chg 3Y Avg | -1.2% |
| Rev Chg Q | 3.2% |
| QoQ Delta Rev Chg LTM | 0.7% |
| Op Inc Chg LTM | -13.6% |
| Op Inc Chg 3Y Avg | -14.2% |
| Op Mgn LTM | 3.9% |
| Op Mgn 3Y Avg | 4.3% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 6.0% |
| CFO/Rev 3Y Avg | 6.1% |
| FCF/Rev LTM | 3.5% |
| FCF/Rev 3Y Avg | 3.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.4 |
| P/S | 0.4 |
| P/Op Inc | 8.1 |
| P/EBIT | 7.8 |
| P/E | 10.2 |
| P/CFO | 9.1 |
| Total Yield | 7.6% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 5.8% |
| D/E | 0.6 |
| Net D/E | 0.4 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -1.0% |
| 3M Rtn | -3.5% |
| 6M Rtn | 1.9% |
| 12M Rtn | 21.5% |
| 3Y Rtn | 13.3% |
| 1M Excs Rtn | -7.2% |
| 3M Excs Rtn | -13.6% |
| 6M Excs Rtn | -8.2% |
| 12M Excs Rtn | -7.2% |
| 3Y Excs Rtn | -72.3% |
Price Behavior
| Market Price | $2.35 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 09/27/1993 | |
| Distance from 52W High | -5.6% | |
| 50 Days | 200 Days | |
| DMA Price | $2.34 | $1.93 |
| DMA Trend | up | up |
| Distance from DMA | 0.6% | 21.7% |
| 3M | 1YR | |
| Volatility | 25.7% | 41.1% |
| Downside Capture | 31.85 | 8.01 |
| Upside Capture | 16.81 | 38.05 |
| Correlation (SPY) | 17.0% | 8.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.43 | 0.48 | 0.56 | 0.49 | 0.31 | 0.18 |
| Up Beta | 0.41 | 0.39 | -0.30 | 0.25 | 0.16 | 0.27 |
| Down Beta | 3.07 | 0.18 | 0.53 | 0.71 | 0.46 | 0.40 |
| Up Capture | 30% | 45% | 161% | 83% | 40% | 1% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 9 | 16 | 27 | 55 | 117 | 316 |
| Down Capture | 62% | 73% | 9% | 14% | 11% | -14% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 10 | 22 | 30 | 57 | 116 | 344 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TLF | |
|---|---|---|---|---|
| TLF | 27.7% | 41.2% | 0.68 | - |
| Sector ETF (XLY) | 13.4% | 18.0% | 0.55 | 5.7% |
| Equity (SPY) | 30.3% | 11.8% | 1.94 | 8.3% |
| Gold (GLD) | 37.5% | 26.7% | 1.17 | 10.9% |
| Commodities (DBC) | 39.6% | 18.8% | 1.63 | -0.4% |
| Real Estate (VNQ) | 12.5% | 13.1% | 0.64 | 14.5% |
| Bitcoin (BTCUSD) | -31.8% | 41.6% | -0.81 | 4.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TLF | |
|---|---|---|---|---|
| TLF | -4.9% | 40.5% | -0.09 | - |
| Sector ETF (XLY) | 8.4% | 23.7% | 0.31 | 2.9% |
| Equity (SPY) | 14.3% | 17.0% | 0.66 | 5.2% |
| Gold (GLD) | 18.8% | 18.0% | 0.85 | 5.4% |
| Commodities (DBC) | 10.2% | 19.4% | 0.41 | 4.9% |
| Real Estate (VNQ) | 3.4% | 18.8% | 0.08 | 10.0% |
| Bitcoin (BTCUSD) | 14.6% | 54.6% | 0.46 | 5.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TLF | |
|---|---|---|---|---|
| TLF | -10.4% | 41.9% | -0.21 | - |
| Sector ETF (XLY) | 13.3% | 22.0% | 0.55 | 17.0% |
| Equity (SPY) | 15.9% | 17.9% | 0.76 | 19.7% |
| Gold (GLD) | 13.3% | 16.0% | 0.69 | 3.3% |
| Commodities (DBC) | 7.3% | 17.9% | 0.33 | 10.5% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 22.0% |
| Bitcoin (BTCUSD) | 67.0% | 66.9% | 1.06 | 2.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 5/29/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/11/2026 | -0.4% | 0.0% | |
| 2/24/2026 | 1.3% | 5.2% | 0.4% |
| 11/10/2025 | -0.0% | -11.7% | -8.3% |
| 8/12/2025 | 1.3% | -2.7% | -9.7% |
| 5/12/2025 | 0.0% | 1.8% | 11.9% |
| 2/27/2025 | 0.9% | -6.2% | -7.4% |
| 11/12/2024 | -1.2% | -2.3% | 14.0% |
| 8/8/2024 | 0.5% | -2.2% | -2.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 16 | 15 | 15 |
| # Negative | 7 | 8 | 7 |
| Median Positive | 0.0% | 0.0% | 0.4% |
| Median Negative | -1.2% | -2.9% | -8.3% |
| Max Positive | 2.1% | 10.2% | 43.3% |
| Max Negative | -9.7% | -11.7% | -11.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 02/24/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/12/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 03/22/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/15/2022 | 10-Q |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.