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Side-by-side financial comparison of Digital Brands Group, Inc. (DBGI) and XCel Brands, Inc. (XELB). Click either name above to swap in a different company.

Digital Brands Group, Inc. is the larger business by last-quarter revenue ($1.6M vs $1.2M, roughly 1.4× XCel Brands, Inc.). XCel Brands, Inc. runs the higher net margin — -237.8% vs -1283.8%, a 1046.0% gap on every dollar of revenue. On growth, XCel Brands, Inc. posted the faster year-over-year revenue change (-3.4% vs -25.1%). Over the past eight quarters, XCel Brands, Inc.'s revenue compounded faster (-26.9% 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...

XCel Brands, Inc. is a consumer goods and brand management firm that owns, licenses, and markets lifestyle brands spanning apparel, accessories, and home products. It operates mainly in North America, partnering with leading retail chains to distribute products to mass and mid-tier consumer segments.

DBGI vs XELB — Head-to-Head

Bigger by revenue
DBGI
DBGI
1.4× larger
DBGI
$1.6M
$1.2M
XELB
Growing faster (revenue YoY)
XELB
XELB
+21.7% gap
XELB
-3.4%
-25.1%
DBGI
Higher net margin
XELB
XELB
1046.0% more per $
XELB
-237.8%
-1283.8%
DBGI
Faster 2-yr revenue CAGR
XELB
XELB
Annualised
XELB
-26.9%
-33.0%
DBGI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DBGI
DBGI
XELB
XELB
Revenue
$1.6M
$1.2M
Net Profit
$-20.6M
$-2.8M
Gross Margin
-77.1%
Operating Margin
-1385.4%
-166.8%
Net Margin
-1283.8%
-237.8%
Revenue YoY
-25.1%
-3.4%
Net Profit YoY
-283.4%
60.8%
EPS (diluted)
$0.73
$-0.22

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
XELB
XELB
Q4 25
$1.6M
$1.2M
Q3 25
$1.7M
$1.1M
Q2 25
$2.3M
$1.3M
Q1 25
$1.9M
$1.3M
Q4 24
$2.1M
$1.2M
Q3 24
$2.4M
$1.9M
Q2 24
$3.4M
$3.0M
Q1 24
$3.6M
$2.2M
Net Profit
DBGI
DBGI
XELB
XELB
Q4 25
$-20.6M
$-2.8M
Q3 25
$-3.5M
$-7.9M
Q2 25
$-2.1M
$-4.0M
Q1 25
$-2.1M
$-2.8M
Q4 24
$-5.4M
$-7.1M
Q3 24
$-3.5M
$-9.2M
Q2 24
$-3.5M
$195.0K
Q1 24
$-683.7K
$-6.3M
Gross Margin
DBGI
DBGI
XELB
XELB
Q4 25
-77.1%
Q3 25
42.7%
100.0%
Q2 25
31.6%
100.0%
Q1 25
46.6%
Q4 24
-35.3%
100.0%
Q3 24
46.0%
78.7%
Q2 24
45.9%
98.7%
Q1 24
48.1%
100.0%
Operating Margin
DBGI
DBGI
XELB
XELB
Q4 25
-1385.4%
-166.8%
Q3 25
-201.3%
-665.7%
Q2 25
-88.2%
-125.2%
Q1 25
-106.7%
-164.2%
Q4 24
-230.1%
-532.9%
Q3 24
-112.4%
-474.8%
Q2 24
-67.8%
10.4%
Q1 24
-6.3%
-283.7%
Net Margin
DBGI
DBGI
XELB
XELB
Q4 25
-1283.8%
-237.8%
Q3 25
-208.7%
-706.5%
Q2 25
-94.1%
-301.9%
Q1 25
-111.7%
-210.0%
Q4 24
-250.7%
-585.9%
Q3 24
-145.1%
-481.9%
Q2 24
-103.4%
6.6%
Q1 24
-19.1%
-288.2%
EPS (diluted)
DBGI
DBGI
XELB
XELB
Q4 25
$0.73
$-0.22
Q3 25
$-1.18
$-2.02
Q2 25
$-0.81
$-1.66
Q1 25
$-0.92
$-1.18
Q4 24
$132.02
$-2.91
Q3 24
$-81.53
$-3.92
Q2 24
$-104.18
$0.08
Q1 24
$-23.02
$-3.09

Balance Sheet & Financial Strength

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

Metric
DBGI
DBGI
XELB
XELB
Cash + ST InvestmentsLiquidity on hand
$1.9M
$1.1M
Total DebtLower is stronger
$6.1M
$12.7M
Stockholders' EquityBook value
$8.8M
$18.0M
Total Assets
$44.5M
$38.9M
Debt / EquityLower = less leverage
0.70×
0.71×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DBGI
DBGI
XELB
XELB
Q4 25
$1.9M
$1.1M
Q3 25
$6.7M
$1.5M
Q2 25
$542.6K
$970.0K
Q1 25
$2.2M
$298.0K
Q4 24
$164.4K
$1.3M
Q3 24
$289.3K
$242.0K
Q2 24
$92.8K
$924.0K
Q1 24
$11.3K
$1.6M
Total Debt
DBGI
DBGI
XELB
XELB
Q4 25
$6.1M
$12.7M
Q3 25
$12.5M
Q2 25
$12.3M
Q1 25
$8.7M
Q4 24
$6.5M
$6.6M
Q3 24
$4.3M
Q2 24
$4.5M
Q1 24
$4.7M
Stockholders' Equity
DBGI
DBGI
XELB
XELB
Q4 25
$8.8M
$18.0M
Q3 25
$16.0M
$18.7M
Q2 25
$7.1M
$24.5M
Q1 25
$6.2M
$27.7M
Q4 24
$-1.3M
$30.4M
Q3 24
$19.0K
$36.9M
Q2 24
$2.7M
$46.0M
Q1 24
$3.0M
$45.8M
Total Assets
DBGI
DBGI
XELB
XELB
Q4 25
$44.5M
$38.9M
Q3 25
$41.2M
$40.5M
Q2 25
$27.8M
$47.2M
Q1 25
$27.2M
$52.5M
Q4 24
$19.9M
$53.8M
Q3 24
$23.3M
$54.0M
Q2 24
$24.9M
$63.2M
Q1 24
$24.8M
$66.8M
Debt / Equity
DBGI
DBGI
XELB
XELB
Q4 25
0.70×
0.71×
Q3 25
0.67×
Q2 25
0.50×
Q1 25
0.31×
Q4 24
0.22×
Q3 24
0.12×
Q2 24
0.10×
Q1 24
0.10×

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
XELB
XELB
Operating Cash FlowLast quarter
$-4.7M
$-7.0M
Free Cash FlowOCF − Capex
$-7.0M
FCF MarginFCF / Revenue
-602.1%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DBGI
DBGI
XELB
XELB
Q4 25
$-4.7M
$-7.0M
Q3 25
$-5.1M
$-1.4M
Q2 25
$-1.6M
$-2.4M
Q1 25
$-4.5M
$-1.4M
Q4 24
$-2.8M
$-4.7M
Q3 24
$-541.6K
$-424.0K
Q2 24
$-1.6M
$-274.0K
Q1 24
$-1.2M
$-2.6M
Free Cash Flow
DBGI
DBGI
XELB
XELB
Q4 25
$-7.0M
Q3 25
Q2 25
$-2.4M
Q1 25
$-1.4M
Q4 24
$-4.8M
Q3 24
$-541.6K
$-432.0K
Q2 24
$-1.6M
Q1 24
$-1.3M
FCF Margin
DBGI
DBGI
XELB
XELB
Q4 25
-602.1%
Q3 25
Q2 25
-179.3%
Q1 25
-108.7%
Q4 24
-399.3%
Q3 24
-22.2%
-22.6%
Q2 24
-47.9%
Q1 24
-35.1%
Capex Intensity
DBGI
DBGI
XELB
XELB
Q4 25
0.9%
Q3 25
0.0%
Q2 25
0.3%
Q1 25
1.1%
Q4 24
9.3%
Q3 24
0.0%
0.4%
Q2 24
0.3%
Q1 24
0.4%
Cash Conversion
DBGI
DBGI
XELB
XELB
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-1.41×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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