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Side-by-side financial comparison of C3.ai, Inc. (AI) and DULUTH HOLDINGS INC. (DLTH). Click either name above to swap in a different company.
DULUTH HOLDINGS INC. is the larger business by last-quarter revenue ($114.9M vs $75.1M, roughly 1.5× C3.ai, Inc.). DULUTH HOLDINGS INC. runs the higher net margin — -8.8% vs -139.3%, a 130.5% gap on every dollar of revenue. On growth, DULUTH HOLDINGS INC. posted the faster year-over-year revenue change (-9.6% vs -20.3%). DULUTH HOLDINGS INC. produced more free cash flow last quarter ($-8.9M vs $-46.9M). Over the past eight quarters, C3.ai, Inc.'s revenue compounded faster (-2.1% CAGR vs -31.6%).
C3.ai, Inc. is a leading enterprise artificial intelligence software provider that develops and delivers scalable AI applications, platform tools, and industry-specific solutions for clients across sectors including manufacturing, energy, financial services, healthcare and public sector. Its offerings help organizations optimize operations, reduce costs, mitigate risks, and realize data-driven decision making.
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
AI vs DLTH — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $114.9M |
| Net Profit | $-104.7M | $-10.1M |
| Gross Margin | 40.4% | 53.8% |
| Operating Margin | -149.2% | -7.7% |
| Net Margin | -139.3% | -8.8% |
| Revenue YoY | -20.3% | -9.6% |
| Net Profit YoY | -58.7% | 64.6% |
| EPS (diluted) | $-0.75 | $-0.29 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $75.1M | $114.9M | ||
| Q3 25 | $70.3M | $131.7M | ||
| Q2 25 | $108.7M | $102.7M | ||
| Q1 25 | $98.8M | $241.3M | ||
| Q4 24 | $94.3M | $127.1M | ||
| Q3 24 | $87.2M | $141.6M | ||
| Q2 24 | $86.6M | $116.7M | ||
| Q1 24 | $78.4M | $245.6M |
| Q4 25 | $-104.7M | $-10.1M | ||
| Q3 25 | $-116.8M | $1.3M | ||
| Q2 25 | $-79.7M | $-15.3M | ||
| Q1 25 | $-80.2M | $-5.6M | ||
| Q4 24 | $-66.0M | $-28.2M | ||
| Q3 24 | $-62.8M | $-2.0M | ||
| Q2 24 | $-72.9M | $-7.9M | ||
| Q1 24 | $-72.6M | $6.4M |
| Q4 25 | 40.4% | 53.8% | ||
| Q3 25 | 37.6% | 54.7% | ||
| Q2 25 | 62.1% | 52.0% | ||
| Q1 25 | 59.1% | 44.1% | ||
| Q4 24 | 61.3% | 52.3% | ||
| Q3 24 | 59.8% | 52.3% | ||
| Q2 24 | 59.6% | 52.8% | ||
| Q1 24 | 57.8% | 48.2% |
| Q4 25 | -149.2% | -7.7% | ||
| Q3 25 | -177.7% | 1.8% | ||
| Q2 25 | -81.8% | -12.0% | ||
| Q1 25 | -88.7% | -1.8% | ||
| Q4 24 | -79.8% | -17.4% | ||
| Q3 24 | -83.2% | -1.1% | ||
| Q2 24 | -95.1% | -7.7% | ||
| Q1 24 | -105.3% | 3.6% |
| Q4 25 | -139.3% | -8.8% | ||
| Q3 25 | -166.2% | 1.0% | ||
| Q2 25 | -73.3% | -14.9% | ||
| Q1 25 | -81.2% | -2.3% | ||
| Q4 24 | -69.9% | -22.2% | ||
| Q3 24 | -72.0% | -1.4% | ||
| Q2 24 | -84.2% | -6.7% | ||
| Q1 24 | -92.6% | 2.6% |
| Q4 25 | $-0.75 | $-0.29 | ||
| Q3 25 | $-0.86 | $0.04 | ||
| Q2 25 | $-0.60 | $-0.45 | ||
| Q1 25 | $-0.62 | $-0.17 | ||
| Q4 24 | $-0.52 | $-0.84 | ||
| Q3 24 | $-0.50 | $-0.06 | ||
| Q2 24 | $-0.59 | $-0.24 | ||
| Q1 24 | $-0.60 | $0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $675.0M | $8.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $771.9M | $160.6M |
| Total Assets | $961.3M | $468.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | $8.2M | ||
| Q3 25 | $711.9M | $5.7M | ||
| Q2 25 | $742.7M | $8.6M | ||
| Q1 25 | $724.3M | $3.3M | ||
| Q4 24 | $730.4M | $9.3M | ||
| Q3 24 | $762.5M | $9.8M | ||
| Q2 24 | $750.4M | $6.8M | ||
| Q1 24 | $723.3M | $32.2M |
| Q4 25 | $771.9M | $160.6M | ||
| Q3 25 | $798.8M | $170.0M | ||
| Q2 25 | $838.3M | $167.9M | ||
| Q1 25 | $860.2M | $182.7M | ||
| Q4 24 | $859.0M | $188.1M | ||
| Q3 24 | $874.9M | $215.7M | ||
| Q2 24 | $873.4M | $218.4M | ||
| Q1 24 | $898.0M | $222.8M |
| Q4 25 | $961.3M | $468.0M | ||
| Q3 25 | $968.7M | $433.8M | ||
| Q2 25 | $1.0B | $463.7M | ||
| Q1 25 | $1.1B | $452.4M | ||
| Q4 24 | $1.0B | $533.1M | ||
| Q3 24 | $1.1B | $488.6M | ||
| Q2 24 | $1.0B | $471.4M | ||
| Q1 24 | $1.1B | $491.2M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-46.5M | $-6.7M |
| Free Cash FlowOCF − Capex | $-46.9M | $-8.9M |
| FCF MarginFCF / Revenue | -62.4% | -7.8% |
| Capex IntensityCapex / Revenue | 0.5% | 2.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | $1.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.5M | $-6.7M | ||
| Q3 25 | $-33.5M | $32.0M | ||
| Q2 25 | $11.3M | $-56.5M | ||
| Q1 25 | $-22.0M | $41.2M | ||
| Q4 24 | $-38.7M | $-41.1M | ||
| Q3 24 | $8.0M | $16.6M | ||
| Q2 24 | $21.3M | $-33.7M | ||
| Q1 24 | $-39.1M | $69.7M |
| Q4 25 | $-46.9M | $-8.9M | ||
| Q3 25 | $-34.3M | $29.8M | ||
| Q2 25 | $10.3M | $-57.8M | ||
| Q1 25 | $-22.4M | $38.7M | ||
| Q4 24 | $-39.5M | $-43.7M | ||
| Q3 24 | $7.1M | $15.0M | ||
| Q2 24 | $18.8M | $-35.2M | ||
| Q1 24 | $-45.1M | $60.6M |
| Q4 25 | -62.4% | -7.8% | ||
| Q3 25 | -48.8% | 22.6% | ||
| Q2 25 | 9.5% | -56.3% | ||
| Q1 25 | -22.7% | 16.0% | ||
| Q4 24 | -41.9% | -34.4% | ||
| Q3 24 | 8.2% | 10.6% | ||
| Q2 24 | 21.7% | -30.2% | ||
| Q1 24 | -57.6% | 24.7% |
| Q4 25 | 0.5% | 2.0% | ||
| Q3 25 | 1.1% | 1.7% | ||
| Q2 25 | 0.9% | 1.3% | ||
| Q1 25 | 0.4% | 1.0% | ||
| Q4 24 | 0.9% | 2.1% | ||
| Q3 24 | 1.1% | 1.2% | ||
| Q2 24 | 2.9% | 1.3% | ||
| Q1 24 | 7.8% | 3.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | 25.40× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 10.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AI
| License And Service | $70.2M | 93% |
| Professional Services | $4.9M | 7% |
DLTH
| Sales Channel Directly To Consumer | $67.4M | 59% |
| Sales Channel Through Intermediary | $47.4M | 41% |
