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Side-by-side financial comparison of Burke & Herbert Financial Services Corp. (BHRB) 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 $86.5M, roughly 1.3× Burke & Herbert Financial Services Corp.). Burke & Herbert Financial Services Corp. runs the higher net margin — 34.9% vs -8.8%, a 43.7% gap on every dollar of revenue. On growth, Burke & Herbert Financial Services Corp. posted the faster year-over-year revenue change (4.9% vs -9.6%). Burke & Herbert Financial Services Corp. produced more free cash flow last quarter ($96.2M vs $-8.9M). Over the past eight quarters, Burke & Herbert Financial Services Corp.'s revenue compounded faster (81.1% CAGR vs -31.6%).
Burke & Herbert Financial Services Corp is a U.S.-based regional financial holding company, offering personal and commercial banking, wealth management, residential mortgage lending, and small business financing services. Its core market covers Virginia and adjacent Mid-Atlantic regions, serving retail consumers, SMEs, and high-net-worth clients.
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
BHRB vs DLTH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $86.5M | $114.9M |
| Net Profit | $30.2M | $-10.1M |
| Gross Margin | — | 53.8% |
| Operating Margin | 43.8% | -7.7% |
| Net Margin | 34.9% | -8.8% |
| Revenue YoY | 4.9% | -9.6% |
| Net Profit YoY | 52.8% | 64.6% |
| EPS (diluted) | $1.98 | $-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 | $86.5M | $114.9M | ||
| Q3 25 | $85.4M | $131.7M | ||
| Q2 25 | $87.1M | $102.7M | ||
| Q1 25 | $83.0M | $241.3M | ||
| Q4 24 | $82.5M | $127.1M | ||
| Q3 24 | $83.8M | $141.6M | ||
| Q2 24 | $69.3M | $116.7M | ||
| Q1 24 | $26.4M | $245.6M |
| Q4 25 | $30.2M | $-10.1M | ||
| Q3 25 | $30.0M | $1.3M | ||
| Q2 25 | $29.9M | $-15.3M | ||
| Q1 25 | $27.2M | $-5.6M | ||
| Q4 24 | $19.8M | $-28.2M | ||
| Q3 24 | $27.6M | $-2.0M | ||
| Q2 24 | $-16.9M | $-7.9M | ||
| Q1 24 | $5.2M | $6.4M |
| Q4 25 | — | 53.8% | ||
| Q3 25 | — | 54.7% | ||
| Q2 25 | — | 52.0% | ||
| Q1 25 | — | 44.1% | ||
| Q4 24 | — | 52.3% | ||
| Q3 24 | — | 52.3% | ||
| Q2 24 | — | 52.8% | ||
| Q1 24 | — | 48.2% |
| Q4 25 | 43.8% | -7.7% | ||
| Q3 25 | 43.3% | 1.8% | ||
| Q2 25 | 42.7% | -12.0% | ||
| Q1 25 | 39.6% | -1.8% | ||
| Q4 24 | 24.6% | -17.4% | ||
| Q3 24 | 39.2% | -1.1% | ||
| Q2 24 | -27.5% | -7.7% | ||
| Q1 24 | 22.3% | 3.6% |
| Q4 25 | 34.9% | -8.8% | ||
| Q3 25 | 35.1% | 1.0% | ||
| Q2 25 | 34.3% | -14.9% | ||
| Q1 25 | 32.8% | -2.3% | ||
| Q4 24 | 24.0% | -22.2% | ||
| Q3 24 | 33.0% | -1.4% | ||
| Q2 24 | -24.4% | -6.7% | ||
| Q1 24 | 19.8% | 2.6% |
| Q4 25 | $1.98 | $-0.29 | ||
| Q3 25 | $1.97 | $0.04 | ||
| Q2 25 | $1.97 | $-0.45 | ||
| Q1 25 | $1.80 | $-0.17 | ||
| Q4 24 | $1.72 | $-0.84 | ||
| Q3 24 | $1.82 | $-0.06 | ||
| Q2 24 | $-1.41 | $-0.24 | ||
| Q1 24 | $0.69 | $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 | — | $8.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $854.6M | $160.6M |
| Total Assets | $7.9B | $468.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $8.2M | ||
| Q3 25 | — | $5.7M | ||
| Q2 25 | — | $8.6M | ||
| Q1 25 | — | $3.3M | ||
| Q4 24 | — | $9.3M | ||
| Q3 24 | — | $9.8M | ||
| Q2 24 | — | $6.8M | ||
| Q1 24 | — | $32.2M |
| Q4 25 | $854.6M | $160.6M | ||
| Q3 25 | $822.2M | $170.0M | ||
| Q2 25 | $780.0M | $167.9M | ||
| Q1 25 | $758.0M | $182.7M | ||
| Q4 24 | $730.2M | $188.1M | ||
| Q3 24 | $738.1M | $215.7M | ||
| Q2 24 | $693.1M | $218.4M | ||
| Q1 24 | $319.3M | $222.8M |
| Q4 25 | $7.9B | $468.0M | ||
| Q3 25 | $7.9B | $433.8M | ||
| Q2 25 | $8.1B | $463.7M | ||
| Q1 25 | $7.8B | $452.4M | ||
| Q4 24 | $7.8B | $533.1M | ||
| Q3 24 | $7.9B | $488.6M | ||
| Q2 24 | $7.8B | $471.4M | ||
| Q1 24 | $3.7B | $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 | $107.9M | $-6.7M |
| Free Cash FlowOCF − Capex | $96.2M | $-8.9M |
| FCF MarginFCF / Revenue | 111.2% | -7.8% |
| Capex IntensityCapex / Revenue | 13.5% | 2.0% |
| Cash ConversionOCF / Net Profit | 3.57× | — |
| TTM Free Cash FlowTrailing 4 quarters | $164.1M | $1.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $107.9M | $-6.7M | ||
| Q3 25 | $39.3M | $32.0M | ||
| Q2 25 | $41.0K | $-56.5M | ||
| Q1 25 | $37.6M | $41.2M | ||
| Q4 24 | $85.8M | $-41.1M | ||
| Q3 24 | $47.8M | $16.6M | ||
| Q2 24 | $-46.0M | $-33.7M | ||
| Q1 24 | $7.1M | $69.7M |
| Q4 25 | $96.2M | $-8.9M | ||
| Q3 25 | $35.4M | $29.8M | ||
| Q2 25 | $-3.4M | $-57.8M | ||
| Q1 25 | $35.9M | $38.7M | ||
| Q4 24 | $81.2M | $-43.7M | ||
| Q3 24 | $46.0M | $15.0M | ||
| Q2 24 | $-47.0M | $-35.2M | ||
| Q1 24 | $5.6M | $60.6M |
| Q4 25 | 111.2% | -7.8% | ||
| Q3 25 | 41.5% | 22.6% | ||
| Q2 25 | -3.9% | -56.3% | ||
| Q1 25 | 43.2% | 16.0% | ||
| Q4 24 | 98.5% | -34.4% | ||
| Q3 24 | 55.0% | 10.6% | ||
| Q2 24 | -67.8% | -30.2% | ||
| Q1 24 | 21.2% | 24.7% |
| Q4 25 | 13.5% | 2.0% | ||
| Q3 25 | 4.5% | 1.7% | ||
| Q2 25 | 3.9% | 1.3% | ||
| Q1 25 | 2.1% | 1.0% | ||
| Q4 24 | 5.5% | 2.1% | ||
| Q3 24 | 2.1% | 1.2% | ||
| Q2 24 | 1.5% | 1.3% | ||
| Q1 24 | 5.7% | 3.7% |
| Q4 25 | 3.57× | — | ||
| Q3 25 | 1.31× | 25.40× | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 1.38× | — | ||
| Q4 24 | 4.33× | — | ||
| Q3 24 | 1.73× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.36× | 10.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BHRB
Segment breakdown not available.
DLTH
| Sales Channel Directly To Consumer | $67.4M | 59% |
| Sales Channel Through Intermediary | $47.4M | 41% |
