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Side-by-side financial comparison of Commercial Vehicle Group, Inc. (CVGI) and DULUTH HOLDINGS INC. (DLTH). Click either name above to swap in a different company.
Commercial Vehicle Group, Inc. is the larger business by last-quarter revenue ($154.8M vs $114.9M, roughly 1.3× DULUTH HOLDINGS INC.). On growth, Commercial Vehicle Group, Inc. posted the faster year-over-year revenue change (-5.2% vs -9.6%). Commercial Vehicle Group, Inc. produced more free cash flow last quarter ($8.7M vs $-8.9M). Over the past eight quarters, Commercial Vehicle Group, Inc.'s revenue compounded faster (-10.8% CAGR vs -31.6%).
WABCO Holdings, Inc. was a U.S.-based provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. In 2007, the Vehicle Control Systems was spun off as WABCO Holdings Inc., an American provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. Their products are present in many commercial vehicles such as trucks, buses, trailers and off-highway vehicles but they ...
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
CVGI vs DLTH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $154.8M | $114.9M |
| Net Profit | — | $-10.1M |
| Gross Margin | 9.7% | 53.8% |
| Operating Margin | -1.2% | -7.7% |
| Net Margin | — | -8.8% |
| Revenue YoY | -5.2% | -9.6% |
| Net Profit YoY | — | 64.6% |
| EPS (diluted) | — | $-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 | $154.8M | $114.9M | ||
| Q3 25 | $152.5M | $131.7M | ||
| Q2 25 | $172.0M | $102.7M | ||
| Q1 25 | $169.8M | $241.3M | ||
| Q4 24 | $163.3M | $127.1M | ||
| Q3 24 | $171.8M | $141.6M | ||
| Q2 24 | $193.7M | $116.7M | ||
| Q1 24 | $194.6M | $245.6M |
| Q4 25 | — | $-10.1M | ||
| Q3 25 | $-7.1M | $1.3M | ||
| Q2 25 | $-4.8M | $-15.3M | ||
| Q1 25 | $-4.3M | $-5.6M | ||
| Q4 24 | — | $-28.2M | ||
| Q3 24 | $9.5M | $-2.0M | ||
| Q2 24 | $-1.6M | $-7.9M | ||
| Q1 24 | $2.9M | $6.4M |
| Q4 25 | 9.7% | 53.8% | ||
| Q3 25 | 10.5% | 54.7% | ||
| Q2 25 | 11.4% | 52.0% | ||
| Q1 25 | 10.5% | 44.1% | ||
| Q4 24 | 8.0% | 52.3% | ||
| Q3 24 | 9.6% | 52.3% | ||
| Q2 24 | 10.6% | 52.8% | ||
| Q1 24 | 11.9% | 48.2% |
| Q4 25 | -1.2% | -7.7% | ||
| Q3 25 | -0.7% | 1.8% | ||
| Q2 25 | 0.5% | -12.0% | ||
| Q1 25 | 0.8% | -1.8% | ||
| Q4 24 | -3.2% | -17.4% | ||
| Q3 24 | -0.6% | -1.1% | ||
| Q2 24 | 0.5% | -7.7% | ||
| Q1 24 | 2.3% | 3.6% |
| Q4 25 | — | -8.8% | ||
| Q3 25 | -4.6% | 1.0% | ||
| Q2 25 | -2.8% | -14.9% | ||
| Q1 25 | -2.5% | -2.3% | ||
| Q4 24 | — | -22.2% | ||
| Q3 24 | 5.5% | -1.4% | ||
| Q2 24 | -0.8% | -6.7% | ||
| Q1 24 | 1.5% | 2.6% |
| Q4 25 | — | $-0.29 | ||
| Q3 25 | — | $0.04 | ||
| Q2 25 | — | $-0.45 | ||
| Q1 25 | — | $-0.17 | ||
| Q4 24 | — | $-0.84 | ||
| Q3 24 | — | $-0.06 | ||
| Q2 24 | $-0.05 | $-0.24 | ||
| Q1 24 | $0.09 | $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 | $104.9M | — |
| Stockholders' EquityBook value | $133.4M | $160.6M |
| Total Assets | $391.7M | $468.0M |
| Debt / EquityLower = less leverage | 0.79× | — |
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 | $104.9M | — | ||
| Q3 25 | $108.2M | — | ||
| Q2 25 | $118.2M | — | ||
| Q1 25 | $117.4M | — | ||
| Q4 24 | $135.5M | — | ||
| Q3 24 | $128.8M | — | ||
| Q2 24 | $142.0M | — | ||
| Q1 24 | $155.7M | — |
| Q4 25 | $133.4M | $160.6M | ||
| Q3 25 | $136.5M | $170.0M | ||
| Q2 25 | $142.6M | $167.9M | ||
| Q1 25 | $136.7M | $182.7M | ||
| Q4 24 | $135.6M | $188.1M | ||
| Q3 24 | $179.3M | $215.7M | ||
| Q2 24 | $169.6M | $218.4M | ||
| Q1 24 | $175.5M | $222.8M |
| Q4 25 | $391.7M | $468.0M | ||
| Q3 25 | $400.3M | $433.8M | ||
| Q2 25 | $429.8M | $463.7M | ||
| Q1 25 | $419.8M | $452.4M | ||
| Q4 24 | $424.6M | $533.1M | ||
| Q3 24 | $495.3M | $488.6M | ||
| Q2 24 | $503.2M | $471.4M | ||
| Q1 24 | $509.2M | $491.2M |
| Q4 25 | 0.79× | — | ||
| Q3 25 | 0.79× | — | ||
| Q2 25 | 0.83× | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 1.00× | — | ||
| Q3 24 | 0.72× | — | ||
| Q2 24 | 0.84× | — | ||
| Q1 24 | 0.89× | — |
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 | $12.3M | $-6.7M |
| Free Cash FlowOCF − Capex | $8.7M | $-8.9M |
| FCF MarginFCF / Revenue | 5.6% | -7.8% |
| Capex IntensityCapex / Revenue | 2.3% | 2.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $34.0M | $1.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $-6.7M | ||
| Q3 25 | $-1.7M | $32.0M | ||
| Q2 25 | $18.9M | $-56.5M | ||
| Q1 25 | $15.2M | $41.2M | ||
| Q4 24 | $-26.6M | $-41.1M | ||
| Q3 24 | $-17.1M | $16.6M | ||
| Q2 24 | $12.6M | $-33.7M | ||
| Q1 24 | $-2.4M | $69.7M |
| Q4 25 | $8.7M | $-8.9M | ||
| Q3 25 | $-3.5M | $29.8M | ||
| Q2 25 | $17.4M | $-57.8M | ||
| Q1 25 | $11.4M | $38.7M | ||
| Q4 24 | $-30.6M | $-43.7M | ||
| Q3 24 | $-20.3M | $15.0M | ||
| Q2 24 | $6.4M | $-35.2M | ||
| Q1 24 | $-7.4M | $60.6M |
| Q4 25 | 5.6% | -7.8% | ||
| Q3 25 | -2.3% | 22.6% | ||
| Q2 25 | 10.1% | -56.3% | ||
| Q1 25 | 6.7% | 16.0% | ||
| Q4 24 | -18.7% | -34.4% | ||
| Q3 24 | -11.8% | 10.6% | ||
| Q2 24 | 3.3% | -30.2% | ||
| Q1 24 | -3.8% | 24.7% |
| Q4 25 | 2.3% | 2.0% | ||
| Q3 25 | 1.2% | 1.7% | ||
| Q2 25 | 0.9% | 1.3% | ||
| Q1 25 | 2.2% | 1.0% | ||
| Q4 24 | 2.4% | 2.1% | ||
| Q3 24 | 1.9% | 1.2% | ||
| Q2 24 | 3.2% | 1.3% | ||
| Q1 24 | 2.6% | 3.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | 25.40× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -1.79× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.80× | 10.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVGI
| Global Seating | $70.7M | 46% |
| Global Electrical Systems | $49.7M | 32% |
| Trim Systems And Components | $34.4M | 22% |
DLTH
| Sales Channel Directly To Consumer | $67.4M | 59% |
| Sales Channel Through Intermediary | $47.4M | 41% |
