vs
Side-by-side financial comparison of CAMDEN NATIONAL CORP (CAC) 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 $64.3M, roughly 1.8× CAMDEN NATIONAL CORP). CAMDEN NATIONAL CORP runs the higher net margin — 34.0% vs -8.8%, a 42.8% gap on every dollar of revenue. Over the past eight quarters, CAMDEN NATIONAL CORP's revenue compounded faster (22.6% CAGR vs -31.6%).
Camden National Bank is a commercial bank headquartered in Camden, Maine, operating as the principal subsidiary of Camden National Corporation, a publicly traded bank holding company. Founded in 1875, the bank became a direct, wholly owned subsidiary of the holding company following a corporate reorganization in 1984. Following the 2025 merger with Northway Financial, the combined institution has approximately $7.0 billion in assets.
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
CAC vs DLTH — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $64.3M | $114.9M |
| Net Profit | $21.9M | $-10.1M |
| Gross Margin | — | 53.8% |
| Operating Margin | — | -7.7% |
| Net Margin | 34.0% | -8.8% |
| Revenue YoY | — | -9.6% |
| Net Profit YoY | — | 64.6% |
| EPS (diluted) | $1.29 | $-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.
| Q1 26 | $64.3M | — | ||
| Q4 25 | $68.1M | $114.9M | ||
| Q3 25 | $65.4M | $131.7M | ||
| Q2 25 | $62.3M | $102.7M | ||
| Q1 25 | $60.1M | $241.3M | ||
| Q4 24 | $47.6M | $127.1M | ||
| Q3 24 | $45.0M | $141.6M | ||
| Q2 24 | $42.8M | $116.7M |
| Q1 26 | $21.9M | — | ||
| Q4 25 | $22.6M | $-10.1M | ||
| Q3 25 | $21.2M | $1.3M | ||
| Q2 25 | $14.1M | $-15.3M | ||
| Q1 25 | $7.3M | $-5.6M | ||
| Q4 24 | $14.7M | $-28.2M | ||
| Q3 24 | $13.1M | $-2.0M | ||
| Q2 24 | $12.0M | $-7.9M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 41.5% | -7.7% | ||
| Q3 25 | 40.5% | 1.8% | ||
| Q2 25 | 28.5% | -12.0% | ||
| Q1 25 | 10.3% | -1.8% | ||
| Q4 24 | 38.7% | -17.4% | ||
| Q3 24 | 35.2% | -1.1% | ||
| Q2 24 | 34.7% | -7.7% |
| Q1 26 | 34.0% | — | ||
| Q4 25 | 33.1% | -8.8% | ||
| Q3 25 | 32.4% | 1.0% | ||
| Q2 25 | 22.6% | -14.9% | ||
| Q1 25 | 12.2% | -2.3% | ||
| Q4 24 | 30.8% | -22.2% | ||
| Q3 24 | 29.1% | -1.4% | ||
| Q2 24 | 28.0% | -6.7% |
| Q1 26 | $1.29 | — | ||
| Q4 25 | $1.33 | $-0.29 | ||
| Q3 25 | $1.25 | $0.04 | ||
| Q2 25 | $0.83 | $-0.45 | ||
| Q1 25 | $0.43 | $-0.17 | ||
| Q4 24 | $1.00 | $-0.84 | ||
| Q3 24 | $0.90 | $-0.06 | ||
| Q2 24 | $0.81 | $-0.24 |
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 | $514.4M | — |
| Stockholders' EquityBook value | $710.0M | $160.6M |
| Total Assets | $7.0B | $468.0M |
| Debt / EquityLower = less leverage | 0.72× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 26 | $514.4M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $710.0M | — | ||
| Q4 25 | $696.6M | $160.6M | ||
| Q3 25 | $676.4M | $170.0M | ||
| Q2 25 | $652.1M | $167.9M | ||
| Q1 25 | $640.1M | $182.7M | ||
| Q4 24 | $531.2M | $188.1M | ||
| Q3 24 | $529.9M | $215.7M | ||
| Q2 24 | $508.3M | $218.4M |
| Q1 26 | $7.0B | — | ||
| Q4 25 | $7.0B | $468.0M | ||
| Q3 25 | $7.0B | $433.8M | ||
| Q2 25 | $6.9B | $463.7M | ||
| Q1 25 | $7.0B | $452.4M | ||
| Q4 24 | $5.8B | $533.1M | ||
| Q3 24 | $5.7B | $488.6M | ||
| Q2 24 | $5.7B | $471.4M |
| Q1 26 | 0.72× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $-6.7M |
| Free Cash FlowOCF − Capex | — | $-8.9M |
| FCF MarginFCF / Revenue | — | -7.8% |
| Capex IntensityCapex / Revenue | — | 2.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $63.9M | $-6.7M | ||
| Q3 25 | $36.1M | $32.0M | ||
| Q2 25 | $6.0M | $-56.5M | ||
| Q1 25 | $1.0M | $41.2M | ||
| Q4 24 | $60.9M | $-41.1M | ||
| Q3 24 | $-14.5M | $16.6M | ||
| Q2 24 | $14.5M | $-33.7M |
| Q1 26 | — | — | ||
| Q4 25 | $58.2M | $-8.9M | ||
| Q3 25 | $35.4M | $29.8M | ||
| Q2 25 | $4.5M | $-57.8M | ||
| Q1 25 | $-727.0K | $38.7M | ||
| Q4 24 | $55.4M | $-43.7M | ||
| Q3 24 | $-16.2M | $15.0M | ||
| Q2 24 | $13.2M | $-35.2M |
| Q1 26 | — | — | ||
| Q4 25 | 85.5% | -7.8% | ||
| Q3 25 | 54.1% | 22.6% | ||
| Q2 25 | 7.3% | -56.3% | ||
| Q1 25 | -1.2% | 16.0% | ||
| Q4 24 | 116.4% | -34.4% | ||
| Q3 24 | -36.0% | 10.6% | ||
| Q2 24 | 30.8% | -30.2% |
| Q1 26 | — | — | ||
| Q4 25 | 8.4% | 2.0% | ||
| Q3 25 | 1.1% | 1.7% | ||
| Q2 25 | 2.4% | 1.3% | ||
| Q1 25 | 2.9% | 1.0% | ||
| Q4 24 | 11.7% | 2.1% | ||
| Q3 24 | 3.8% | 1.2% | ||
| Q2 24 | 3.0% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 2.83× | — | ||
| Q3 25 | 1.70× | 25.40× | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 4.15× | — | ||
| Q3 24 | -1.11× | — | ||
| Q2 24 | 1.21× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CAC
| Net Interest Income | $52.4M | 81% |
| Noninterest Income | $12.0M | 19% |
DLTH
| Sales Channel Directly To Consumer | $67.4M | 59% |
| Sales Channel Through Intermediary | $47.4M | 41% |
