vs
Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and Evolus, Inc. (EOLS). Click either name above to swap in a different company.
DULUTH HOLDINGS INC. is the larger business by last-quarter revenue ($114.9M vs $90.3M, roughly 1.3× Evolus, Inc.). Evolus, Inc. runs the higher net margin — 0.1% vs -8.8%, a 8.9% gap on every dollar of revenue. On growth, Evolus, Inc. posted the faster year-over-year revenue change (14.4% vs -9.6%). Evolus, Inc. produced more free cash flow last quarter ($11.3M vs $-8.9M). Over the past eight quarters, Evolus, Inc.'s revenue compounded faster (23.4% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
Evolus, Inc. is a medical aesthetics company focused on developing and commercializing non-surgical cosmetic treatment solutions. Its flagship product is a prescription neuromodulator designed to reduce moderate to severe glabellar frown lines, serving licensed aesthetic healthcare providers and consumers across North America, Europe, and key Asia-Pacific regional markets.
DLTH vs EOLS — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $90.3M |
| Net Profit | $-10.1M | $130.0K |
| Gross Margin | 53.8% | 65.7% |
| Operating Margin | -7.7% | 4.7% |
| Net Margin | -8.8% | 0.1% |
| Revenue YoY | -9.6% | 14.4% |
| Net Profit YoY | 64.6% | 101.9% |
| EPS (diluted) | $-0.29 | $0.01 |
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 | $90.3M | ||
| Q3 25 | $131.7M | $69.0M | ||
| Q2 25 | $102.7M | $69.4M | ||
| Q1 25 | $241.3M | $68.5M | ||
| Q4 24 | $127.1M | $78.9M | ||
| Q3 24 | $141.6M | $61.1M | ||
| Q2 24 | $116.7M | $66.9M | ||
| Q1 24 | $245.6M | $59.3M |
| Q4 25 | $-10.1M | $130.0K | ||
| Q3 25 | $1.3M | $-15.7M | ||
| Q2 25 | $-15.3M | $-17.1M | ||
| Q1 25 | $-5.6M | $-18.9M | ||
| Q4 24 | $-28.2M | $-6.8M | ||
| Q3 24 | $-2.0M | $-19.2M | ||
| Q2 24 | $-7.9M | $-11.3M | ||
| Q1 24 | $6.4M | $-13.1M |
| Q4 25 | 53.8% | 65.7% | ||
| Q3 25 | 54.7% | 66.5% | ||
| Q2 25 | 52.0% | 65.3% | ||
| Q1 25 | 44.1% | 68.1% | ||
| Q4 24 | 52.3% | 66.7% | ||
| Q3 24 | 52.3% | 68.9% | ||
| Q2 24 | 52.8% | 70.3% | ||
| Q1 24 | 48.2% | 68.3% |
| Q4 25 | -7.7% | 4.7% | ||
| Q3 25 | 1.8% | -16.7% | ||
| Q2 25 | -12.0% | -14.7% | ||
| Q1 25 | -1.8% | -22.1% | ||
| Q4 24 | -17.4% | -2.9% | ||
| Q3 24 | -1.1% | -25.3% | ||
| Q2 24 | -7.7% | -11.5% | ||
| Q1 24 | 3.6% | -15.0% |
| Q4 25 | -8.8% | 0.1% | ||
| Q3 25 | 1.0% | -22.8% | ||
| Q2 25 | -14.9% | -24.7% | ||
| Q1 25 | -2.3% | -27.6% | ||
| Q4 24 | -22.2% | -8.6% | ||
| Q3 24 | -1.4% | -31.4% | ||
| Q2 24 | -6.7% | -17.0% | ||
| Q1 24 | 2.6% | -22.1% |
| Q4 25 | $-0.29 | $0.01 | ||
| Q3 25 | $0.04 | $-0.24 | ||
| Q2 25 | $-0.45 | $-0.27 | ||
| Q1 25 | $-0.17 | $-0.30 | ||
| Q4 24 | $-0.84 | $-0.11 | ||
| Q3 24 | $-0.06 | $-0.30 | ||
| Q2 24 | $-0.24 | $-0.18 | ||
| Q1 24 | $0.20 | $-0.22 |
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 | $53.8M |
| Total DebtLower is stronger | — | $146.1M |
| Stockholders' EquityBook value | $160.6M | $-23.1M |
| Total Assets | $468.0M | $225.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $53.8M | ||
| Q3 25 | $5.7M | $43.5M | ||
| Q2 25 | $8.6M | $61.7M | ||
| Q1 25 | $3.3M | $67.9M | ||
| Q4 24 | $9.3M | $87.0M | ||
| Q3 24 | $9.8M | $85.0M | ||
| Q2 24 | $6.8M | $93.7M | ||
| Q1 24 | $32.2M | $97.0M |
| Q4 25 | — | $146.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $121.8M | ||
| Q4 24 | — | $121.5M | ||
| Q3 24 | — | $121.2M | ||
| Q2 24 | — | $120.9M | ||
| Q1 24 | — | $120.6M |
| Q4 25 | $160.6M | $-23.1M | ||
| Q3 25 | $170.0M | $-28.8M | ||
| Q2 25 | $167.9M | $-18.7M | ||
| Q1 25 | $182.7M | $-6.6M | ||
| Q4 24 | $188.1M | $5.5M | ||
| Q3 24 | $215.7M | $5.9M | ||
| Q2 24 | $218.4M | $19.3M | ||
| Q1 24 | $222.8M | $18.4M |
| Q4 25 | $468.0M | $225.9M | ||
| Q3 25 | $433.8M | $219.0M | ||
| Q2 25 | $463.7M | $228.8M | ||
| Q1 25 | $452.4M | $213.4M | ||
| Q4 24 | $533.1M | $232.6M | ||
| Q3 24 | $488.6M | $229.6M | ||
| Q2 24 | $471.4M | $233.8M | ||
| Q1 24 | $491.2M | $226.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 22.00× | ||
| Q3 24 | — | 20.58× | ||
| Q2 24 | — | 6.26× | ||
| Q1 24 | — | 6.54× |
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 | $12.8M |
| Free Cash FlowOCF − Capex | $-8.9M | $11.3M |
| FCF MarginFCF / Revenue | -7.8% | 12.6% |
| Capex IntensityCapex / Revenue | 2.0% | 1.6% |
| Cash ConversionOCF / Net Profit | — | 98.67× |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $-45.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.7M | $12.8M | ||
| Q3 25 | $32.0M | $-14.7M | ||
| Q2 25 | $-56.5M | $-24.8M | ||
| Q1 25 | $41.2M | $-15.6M | ||
| Q4 24 | $-41.1M | $4.8M | ||
| Q3 24 | $16.6M | $-5.7M | ||
| Q2 24 | $-33.7M | $-6.5M | ||
| Q1 24 | $69.7M | $-10.6M |
| Q4 25 | $-8.9M | $11.3M | ||
| Q3 25 | $29.8M | $-15.6M | ||
| Q2 25 | $-57.8M | $-25.5M | ||
| Q1 25 | $38.7M | $-16.0M | ||
| Q4 24 | $-43.7M | $4.4M | ||
| Q3 24 | $15.0M | $-6.0M | ||
| Q2 24 | $-35.2M | $-6.9M | ||
| Q1 24 | $60.6M | $-10.9M |
| Q4 25 | -7.8% | 12.6% | ||
| Q3 25 | 22.6% | -22.7% | ||
| Q2 25 | -56.3% | -36.7% | ||
| Q1 25 | 16.0% | -23.3% | ||
| Q4 24 | -34.4% | 5.5% | ||
| Q3 24 | 10.6% | -9.9% | ||
| Q2 24 | -30.2% | -10.4% | ||
| Q1 24 | 24.7% | -18.3% |
| Q4 25 | 2.0% | 1.6% | ||
| Q3 25 | 1.7% | 1.4% | ||
| Q2 25 | 1.3% | 1.0% | ||
| Q1 25 | 1.0% | 0.5% | ||
| Q4 24 | 2.1% | 0.6% | ||
| Q3 24 | 1.2% | 0.5% | ||
| Q2 24 | 1.3% | 0.7% | ||
| Q1 24 | 3.7% | 0.4% |
| Q4 25 | — | 98.67× | ||
| 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% |
EOLS
Segment breakdown not available.
