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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and Elme Communities (ELME). Click either name above to swap in a different company.
DULUTH HOLDINGS INC. is the larger business by last-quarter revenue ($114.9M vs $62.1M, roughly 1.8× Elme Communities). DULUTH HOLDINGS INC. runs the higher net margin — -8.8% vs -198.9%, a 190.1% gap on every dollar of revenue. On growth, Elme Communities posted the faster year-over-year revenue change (1.7% vs -9.6%). Elme Communities produced more free cash flow last quarter ($7.2M vs $-8.9M). Over the past eight quarters, Elme Communities's revenue compounded faster (2.7% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
Elme Communities is a publicly traded U.S. real estate investment trust that primarily owns, operates and develops high-quality multifamily residential communities. It focuses on key growth markets across the U.S. Mid-Atlantic and Southeast, offering affordable to mid-tier housing options for diverse renter groups.
DLTH vs ELME — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $62.1M |
| Net Profit | $-10.1M | $-123.5M |
| Gross Margin | 53.8% | 61.1% |
| Operating Margin | -7.7% | -183.3% |
| Net Margin | -8.8% | -198.9% |
| Revenue YoY | -9.6% | 1.7% |
| Net Profit YoY | 64.6% | -4058.7% |
| EPS (diluted) | $-0.29 | $-1.40 |
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 | $114.9M | — | ||
| Q3 25 | $131.7M | $62.1M | ||
| Q2 25 | $102.7M | $62.1M | ||
| Q1 25 | $241.3M | $61.5M | ||
| Q4 24 | $127.1M | $61.3M | ||
| Q3 24 | $141.6M | $61.1M | ||
| Q2 24 | $116.7M | $60.1M | ||
| Q1 24 | $245.6M | $59.5M |
| Q4 25 | $-10.1M | — | ||
| Q3 25 | $1.3M | $-123.5M | ||
| Q2 25 | $-15.3M | $-3.6M | ||
| Q1 25 | $-5.6M | $-4.7M | ||
| Q4 24 | $-28.2M | $-3.0M | ||
| Q3 24 | $-2.0M | $-3.0M | ||
| Q2 24 | $-7.9M | $-3.5M | ||
| Q1 24 | $6.4M | $-3.6M |
| Q4 25 | 53.8% | — | ||
| Q3 25 | 54.7% | 61.1% | ||
| Q2 25 | 52.0% | 63.5% | ||
| Q1 25 | 44.1% | 64.2% | ||
| Q4 24 | 52.3% | 62.9% | ||
| Q3 24 | 52.3% | 63.5% | ||
| Q2 24 | 52.8% | 63.4% | ||
| Q1 24 | 48.2% | 63.5% |
| Q4 25 | -7.7% | — | ||
| Q3 25 | 1.8% | -183.3% | ||
| Q2 25 | -12.0% | 9.6% | ||
| Q1 25 | -1.8% | 7.8% | ||
| Q4 24 | -17.4% | 10.4% | ||
| Q3 24 | -1.1% | 11.0% | ||
| Q2 24 | -7.7% | 9.8% | ||
| Q1 24 | 3.6% | 7.5% |
| Q4 25 | -8.8% | — | ||
| Q3 25 | 1.0% | -198.9% | ||
| Q2 25 | -14.9% | -5.7% | ||
| Q1 25 | -2.3% | -7.6% | ||
| Q4 24 | -22.2% | -4.9% | ||
| Q3 24 | -1.4% | -4.9% | ||
| Q2 24 | -6.7% | -5.8% | ||
| Q1 24 | 2.6% | -6.1% |
| Q4 25 | $-0.29 | — | ||
| Q3 25 | $0.04 | $-1.40 | ||
| Q2 25 | $-0.45 | $-0.04 | ||
| Q1 25 | $-0.17 | $-0.05 | ||
| Q4 24 | $-0.84 | $-0.04 | ||
| Q3 24 | $-0.06 | $-0.03 | ||
| Q2 24 | $-0.24 | $-0.04 | ||
| Q1 24 | $0.20 | $-0.04 |
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 | $7.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $160.6M | $908.9M |
| Total Assets | $468.0M | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | — | ||
| Q3 25 | $5.7M | $7.1M | ||
| Q2 25 | $8.6M | $4.8M | ||
| Q1 25 | $3.3M | $6.4M | ||
| Q4 24 | $9.3M | $6.1M | ||
| Q3 24 | $9.8M | $4.8M | ||
| Q2 24 | $6.8M | $5.6M | ||
| Q1 24 | $32.2M | $4.2M |
| Q4 25 | $160.6M | — | ||
| Q3 25 | $170.0M | $908.9M | ||
| Q2 25 | $167.9M | $1.0B | ||
| Q1 25 | $182.7M | $1.1B | ||
| Q4 24 | $188.1M | $1.1B | ||
| Q3 24 | $215.7M | $1.1B | ||
| Q2 24 | $218.4M | $1.1B | ||
| Q1 24 | $222.8M | $1.1B |
| Q4 25 | $468.0M | — | ||
| Q3 25 | $433.8M | $1.7B | ||
| Q2 25 | $463.7M | $1.8B | ||
| Q1 25 | $452.4M | $1.8B | ||
| Q4 24 | $533.1M | $1.8B | ||
| Q3 24 | $488.6M | $1.9B | ||
| Q2 24 | $471.4M | $1.9B | ||
| Q1 24 | $491.2M | $1.9B |
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 | $15.9M |
| Free Cash FlowOCF − Capex | $-8.9M | $7.2M |
| FCF MarginFCF / Revenue | -7.8% | 11.6% |
| Capex IntensityCapex / Revenue | 2.0% | 14.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $86.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.7M | — | ||
| Q3 25 | $32.0M | $15.9M | ||
| Q2 25 | $-56.5M | $29.8M | ||
| Q1 25 | $41.2M | $16.2M | ||
| Q4 24 | $-41.1M | $95.2M | ||
| Q3 24 | $16.6M | $20.7M | ||
| Q2 24 | $-33.7M | $28.9M | ||
| Q1 24 | $69.7M | $21.2M |
| Q4 25 | $-8.9M | — | ||
| Q3 25 | $29.8M | $7.2M | ||
| Q2 25 | $-57.8M | $21.1M | ||
| Q1 25 | $38.7M | $10.5M | ||
| Q4 24 | $-43.7M | $47.9M | ||
| Q3 24 | $15.0M | $8.8M | ||
| Q2 24 | $-35.2M | $21.0M | ||
| Q1 24 | $60.6M | $7.6M |
| Q4 25 | -7.8% | — | ||
| Q3 25 | 22.6% | 11.6% | ||
| Q2 25 | -56.3% | 34.1% | ||
| Q1 25 | 16.0% | 17.1% | ||
| Q4 24 | -34.4% | 78.1% | ||
| Q3 24 | 10.6% | 14.4% | ||
| Q2 24 | -30.2% | 34.9% | ||
| Q1 24 | 24.7% | 12.8% |
| Q4 25 | 2.0% | — | ||
| Q3 25 | 1.7% | 14.0% | ||
| Q2 25 | 1.3% | 14.0% | ||
| Q1 25 | 1.0% | 9.2% | ||
| Q4 24 | 2.1% | 77.4% | ||
| Q3 24 | 1.2% | 19.4% | ||
| Q2 24 | 1.3% | 13.1% | ||
| Q1 24 | 3.7% | 22.9% |
| 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
DLTH
| Sales Channel Directly To Consumer | $67.4M | 59% |
| Sales Channel Through Intermediary | $47.4M | 41% |
ELME
| Residential Segment | $57.7M | 93% |
| Other | $4.4M | 7% |
