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Side-by-side financial comparison of Digital Brands Group, Inc. (DBGI) 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 $1.6M, roughly 71.6× Digital Brands Group, Inc.). DULUTH HOLDINGS INC. runs the higher net margin — -8.8% vs -1283.8%, a 1275.0% gap on every dollar of revenue. On growth, DULUTH HOLDINGS INC. posted the faster year-over-year revenue change (-9.6% vs -25.1%). Over the past eight quarters, DULUTH HOLDINGS INC.'s revenue compounded faster (-31.6% CAGR vs -33.0%).

Fortune Brands Innovations, Inc. is an American manufacturer of home and security products, headquartered in Deerfield, Illinois. Its portfolio of businesses and brands includes Moen and the House of Rohl; outdoor living and security products from Therma-Tru, Larson, Fiberon, Master Lock and SentrySafe; and MasterBrand Cabinets. Fortune Brands is a Fortune 500 company and part of the S&P 400 Index. As of December 31, 2021, the company reported employing approximately 28,000 associates and pos...

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

DBGI vs DLTH — Head-to-Head

Bigger by revenue
DLTH
DLTH
71.6× larger
DLTH
$114.9M
$1.6M
DBGI
Growing faster (revenue YoY)
DLTH
DLTH
+15.5% gap
DLTH
-9.6%
-25.1%
DBGI
Higher net margin
DLTH
DLTH
1275.0% more per $
DLTH
-8.8%
-1283.8%
DBGI
Faster 2-yr revenue CAGR
DLTH
DLTH
Annualised
DLTH
-31.6%
-33.0%
DBGI

Income Statement — Q4 2025 vs Q3 2026

Metric
DBGI
DBGI
DLTH
DLTH
Revenue
$1.6M
$114.9M
Net Profit
$-20.6M
$-10.1M
Gross Margin
-77.1%
53.8%
Operating Margin
-1385.4%
-7.7%
Net Margin
-1283.8%
-8.8%
Revenue YoY
-25.1%
-9.6%
Net Profit YoY
-283.4%
64.6%
EPS (diluted)
$0.73
$-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
DBGI
DBGI
DLTH
DLTH
Q4 25
$1.6M
$114.9M
Q3 25
$1.7M
$131.7M
Q2 25
$2.3M
$102.7M
Q1 25
$1.9M
$241.3M
Q4 24
$2.1M
$127.1M
Q3 24
$2.4M
$141.6M
Q2 24
$3.4M
$116.7M
Q1 24
$3.6M
$245.6M
Net Profit
DBGI
DBGI
DLTH
DLTH
Q4 25
$-20.6M
$-10.1M
Q3 25
$-3.5M
$1.3M
Q2 25
$-2.1M
$-15.3M
Q1 25
$-2.1M
$-5.6M
Q4 24
$-5.4M
$-28.2M
Q3 24
$-3.5M
$-2.0M
Q2 24
$-3.5M
$-7.9M
Q1 24
$-683.7K
$6.4M
Gross Margin
DBGI
DBGI
DLTH
DLTH
Q4 25
-77.1%
53.8%
Q3 25
42.7%
54.7%
Q2 25
31.6%
52.0%
Q1 25
46.6%
44.1%
Q4 24
-35.3%
52.3%
Q3 24
46.0%
52.3%
Q2 24
45.9%
52.8%
Q1 24
48.1%
48.2%
Operating Margin
DBGI
DBGI
DLTH
DLTH
Q4 25
-1385.4%
-7.7%
Q3 25
-201.3%
1.8%
Q2 25
-88.2%
-12.0%
Q1 25
-106.7%
-1.8%
Q4 24
-230.1%
-17.4%
Q3 24
-112.4%
-1.1%
Q2 24
-67.8%
-7.7%
Q1 24
-6.3%
3.6%
Net Margin
DBGI
DBGI
DLTH
DLTH
Q4 25
-1283.8%
-8.8%
Q3 25
-208.7%
1.0%
Q2 25
-94.1%
-14.9%
Q1 25
-111.7%
-2.3%
Q4 24
-250.7%
-22.2%
Q3 24
-145.1%
-1.4%
Q2 24
-103.4%
-6.7%
Q1 24
-19.1%
2.6%
EPS (diluted)
DBGI
DBGI
DLTH
DLTH
Q4 25
$0.73
$-0.29
Q3 25
$-1.18
$0.04
Q2 25
$-0.81
$-0.45
Q1 25
$-0.92
$-0.17
Q4 24
$132.02
$-0.84
Q3 24
$-81.53
$-0.06
Q2 24
$-104.18
$-0.24
Q1 24
$-23.02
$0.20

Balance Sheet & Financial Strength

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

Metric
DBGI
DBGI
DLTH
DLTH
Cash + ST InvestmentsLiquidity on hand
$1.9M
$8.2M
Total DebtLower is stronger
$6.1M
Stockholders' EquityBook value
$8.8M
$160.6M
Total Assets
$44.5M
$468.0M
Debt / EquityLower = less leverage
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DBGI
DBGI
DLTH
DLTH
Q4 25
$1.9M
$8.2M
Q3 25
$6.7M
$5.7M
Q2 25
$542.6K
$8.6M
Q1 25
$2.2M
$3.3M
Q4 24
$164.4K
$9.3M
Q3 24
$289.3K
$9.8M
Q2 24
$92.8K
$6.8M
Q1 24
$11.3K
$32.2M
Total Debt
DBGI
DBGI
DLTH
DLTH
Q4 25
$6.1M
Q3 25
Q2 25
Q1 25
Q4 24
$6.5M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
DBGI
DBGI
DLTH
DLTH
Q4 25
$8.8M
$160.6M
Q3 25
$16.0M
$170.0M
Q2 25
$7.1M
$167.9M
Q1 25
$6.2M
$182.7M
Q4 24
$-1.3M
$188.1M
Q3 24
$19.0K
$215.7M
Q2 24
$2.7M
$218.4M
Q1 24
$3.0M
$222.8M
Total Assets
DBGI
DBGI
DLTH
DLTH
Q4 25
$44.5M
$468.0M
Q3 25
$41.2M
$433.8M
Q2 25
$27.8M
$463.7M
Q1 25
$27.2M
$452.4M
Q4 24
$19.9M
$533.1M
Q3 24
$23.3M
$488.6M
Q2 24
$24.9M
$471.4M
Q1 24
$24.8M
$491.2M
Debt / Equity
DBGI
DBGI
DLTH
DLTH
Q4 25
0.70×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DBGI
DBGI
DLTH
DLTH
Operating Cash FlowLast quarter
$-4.7M
$-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.

Operating Cash Flow
DBGI
DBGI
DLTH
DLTH
Q4 25
$-4.7M
$-6.7M
Q3 25
$-5.1M
$32.0M
Q2 25
$-1.6M
$-56.5M
Q1 25
$-4.5M
$41.2M
Q4 24
$-2.8M
$-41.1M
Q3 24
$-541.6K
$16.6M
Q2 24
$-1.6M
$-33.7M
Q1 24
$-1.2M
$69.7M
Free Cash Flow
DBGI
DBGI
DLTH
DLTH
Q4 25
$-8.9M
Q3 25
$29.8M
Q2 25
$-57.8M
Q1 25
$38.7M
Q4 24
$-43.7M
Q3 24
$-541.6K
$15.0M
Q2 24
$-1.6M
$-35.2M
Q1 24
$-1.3M
$60.6M
FCF Margin
DBGI
DBGI
DLTH
DLTH
Q4 25
-7.8%
Q3 25
22.6%
Q2 25
-56.3%
Q1 25
16.0%
Q4 24
-34.4%
Q3 24
-22.2%
10.6%
Q2 24
-47.9%
-30.2%
Q1 24
-35.1%
24.7%
Capex Intensity
DBGI
DBGI
DLTH
DLTH
Q4 25
2.0%
Q3 25
1.7%
Q2 25
1.3%
Q1 25
1.0%
Q4 24
2.1%
Q3 24
0.0%
1.2%
Q2 24
0.3%
1.3%
Q1 24
0.4%
3.7%
Cash Conversion
DBGI
DBGI
DLTH
DLTH
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

DBGI
DBGI

Segment breakdown not available.

DLTH
DLTH

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

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