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Side-by-side financial comparison of AVADEL PHARMACEUTICALS PLC (AVDL) 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 $77.5M, roughly 1.5× AVADEL PHARMACEUTICALS PLC). AVADEL PHARMACEUTICALS PLC runs the higher net margin — 0.0% vs -8.8%, a 8.8% gap on every dollar of revenue. On growth, AVADEL PHARMACEUTICALS PLC posted the faster year-over-year revenue change (54.9% vs -9.6%). AVADEL PHARMACEUTICALS PLC produced more free cash flow last quarter ($22.2M vs $-8.9M). Over the past eight quarters, AVADEL PHARMACEUTICALS PLC's revenue compounded faster (99.6% CAGR vs -31.6%).

Avadel Pharmaceuticals, is an Irish specialty pharmaceutical company that focuses on sleep disorder medicines. Avadel markets products in the hospital and primary care spaces. The company is headquartered in Dublin, Ireland with operations in St. Louis, Missouri and Lyon, France.

Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.

AVDL vs DLTH — Head-to-Head

Bigger by revenue
DLTH
DLTH
1.5× larger
DLTH
$114.9M
$77.5M
AVDL
Growing faster (revenue YoY)
AVDL
AVDL
+64.4% gap
AVDL
54.9%
-9.6%
DLTH
Higher net margin
AVDL
AVDL
8.8% more per $
AVDL
0.0%
-8.8%
DLTH
More free cash flow
AVDL
AVDL
$31.1M more FCF
AVDL
$22.2M
$-8.9M
DLTH
Faster 2-yr revenue CAGR
AVDL
AVDL
Annualised
AVDL
99.6%
-31.6%
DLTH

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
AVDL
AVDL
DLTH
DLTH
Revenue
$77.5M
$114.9M
Net Profit
$20.0K
$-10.1M
Gross Margin
53.8%
Operating Margin
2.5%
-7.7%
Net Margin
0.0%
-8.8%
Revenue YoY
54.9%
-9.6%
Net Profit YoY
100.8%
64.6%
EPS (diluted)
$0.00
$-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.

Revenue
AVDL
AVDL
DLTH
DLTH
Q4 25
$114.9M
Q3 25
$77.5M
$131.7M
Q2 25
$68.1M
$102.7M
Q1 25
$52.5M
$241.3M
Q4 24
$50.4M
$127.1M
Q3 24
$50.0M
$141.6M
Q2 24
$41.5M
$116.7M
Q1 24
$27.2M
$245.6M
Net Profit
AVDL
AVDL
DLTH
DLTH
Q4 25
$-10.1M
Q3 25
$20.0K
$1.3M
Q2 25
$9.7M
$-15.3M
Q1 25
$-4.9M
$-5.6M
Q4 24
$-5.0M
$-28.2M
Q3 24
$-2.6M
$-2.0M
Q2 24
$-13.8M
$-7.9M
Q1 24
$-27.3M
$6.4M
Gross Margin
AVDL
AVDL
DLTH
DLTH
Q4 25
53.8%
Q3 25
54.7%
Q2 25
90.7%
52.0%
Q1 25
89.4%
44.1%
Q4 24
90.5%
52.3%
Q3 24
87.7%
52.3%
Q2 24
93.3%
52.8%
Q1 24
94.4%
48.2%
Operating Margin
AVDL
AVDL
DLTH
DLTH
Q4 25
-7.7%
Q3 25
2.5%
1.8%
Q2 25
13.0%
-12.0%
Q1 25
-5.7%
-1.8%
Q4 24
-6.5%
-17.4%
Q3 24
-0.7%
-1.1%
Q2 24
-30.7%
-7.7%
Q1 24
-95.8%
3.6%
Net Margin
AVDL
AVDL
DLTH
DLTH
Q4 25
-8.8%
Q3 25
0.0%
1.0%
Q2 25
14.2%
-14.9%
Q1 25
-9.4%
-2.3%
Q4 24
-10.0%
-22.2%
Q3 24
-5.2%
-1.4%
Q2 24
-33.3%
-6.7%
Q1 24
-100.6%
2.6%
EPS (diluted)
AVDL
AVDL
DLTH
DLTH
Q4 25
$-0.29
Q3 25
$0.00
$0.04
Q2 25
$0.10
$-0.45
Q1 25
$-0.05
$-0.17
Q4 24
$-0.04
$-0.84
Q3 24
$-0.03
$-0.06
Q2 24
$-0.14
$-0.24
Q1 24
$-0.30
$0.20

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AVDL
AVDL
DLTH
DLTH
Cash + ST InvestmentsLiquidity on hand
$91.6M
$8.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$98.2M
$160.6M
Total Assets
$199.4M
$468.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVDL
AVDL
DLTH
DLTH
Q4 25
$8.2M
Q3 25
$91.6M
$5.7M
Q2 25
$81.5M
$8.6M
Q1 25
$66.5M
$3.3M
Q4 24
$73.8M
$9.3M
Q3 24
$65.8M
$9.8M
Q2 24
$71.4M
$6.8M
Q1 24
$88.8M
$32.2M
Stockholders' Equity
AVDL
AVDL
DLTH
DLTH
Q4 25
$160.6M
Q3 25
$98.2M
$170.0M
Q2 25
$90.7M
$167.9M
Q1 25
$74.1M
$182.7M
Q4 24
$73.8M
$188.1M
Q3 24
$74.7M
$215.7M
Q2 24
$70.3M
$218.4M
Q1 24
$78.4M
$222.8M
Total Assets
AVDL
AVDL
DLTH
DLTH
Q4 25
$468.0M
Q3 25
$199.4M
$433.8M
Q2 25
$187.2M
$463.7M
Q1 25
$167.9M
$452.4M
Q4 24
$164.2M
$533.1M
Q3 24
$158.3M
$488.6M
Q2 24
$157.5M
$471.4M
Q1 24
$167.9M
$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
AVDL
AVDL
DLTH
DLTH
Operating Cash FlowLast quarter
$22.2M
$-6.7M
Free Cash FlowOCF − Capex
$22.2M
$-8.9M
FCF MarginFCF / Revenue
28.7%
-7.8%
Capex IntensityCapex / Revenue
0.0%
2.0%
Cash ConversionOCF / Net Profit
1110.25×
TTM Free Cash FlowTrailing 4 quarters
$1.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVDL
AVDL
DLTH
DLTH
Q4 25
$-6.7M
Q3 25
$22.2M
$32.0M
Q2 25
$12.7M
$-56.5M
Q1 25
$-8.2M
$41.2M
Q4 24
$7.9M
$-41.1M
Q3 24
$-6.9M
$16.6M
Q2 24
$-18.2M
$-33.7M
Q1 24
$-29.7M
$69.7M
Free Cash Flow
AVDL
AVDL
DLTH
DLTH
Q4 25
$-8.9M
Q3 25
$22.2M
$29.8M
Q2 25
$-57.8M
Q1 25
$38.7M
Q4 24
$-43.7M
Q3 24
$15.0M
Q2 24
$-35.2M
Q1 24
$60.6M
FCF Margin
AVDL
AVDL
DLTH
DLTH
Q4 25
-7.8%
Q3 25
28.7%
22.6%
Q2 25
-56.3%
Q1 25
16.0%
Q4 24
-34.4%
Q3 24
10.6%
Q2 24
-30.2%
Q1 24
24.7%
Capex Intensity
AVDL
AVDL
DLTH
DLTH
Q4 25
2.0%
Q3 25
0.0%
1.7%
Q2 25
1.3%
Q1 25
1.0%
Q4 24
2.1%
Q3 24
0.0%
1.2%
Q2 24
1.3%
Q1 24
3.7%
Cash Conversion
AVDL
AVDL
DLTH
DLTH
Q4 25
Q3 25
1110.25×
25.40×
Q2 25
1.31×
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

AVDL
AVDL

Segment breakdown not available.

DLTH
DLTH

Sales Channel Directly To Consumer$67.4M59%
Sales Channel Through Intermediary$47.4M41%

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