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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and FIRST COMMONWEALTH FINANCIAL CORP (FCF). Click either name above to swap in a different company.
FIRST COMMONWEALTH FINANCIAL CORP is the larger business by last-quarter revenue ($133.7M vs $114.9M, roughly 1.2× DULUTH HOLDINGS INC.). FIRST COMMONWEALTH FINANCIAL CORP runs the higher net margin — 28.1% vs -8.8%, a 36.9% gap on every dollar of revenue. On growth, FIRST COMMONWEALTH FINANCIAL CORP posted the faster year-over-year revenue change (13.0% vs -9.6%). Over the past eight quarters, FIRST COMMONWEALTH FINANCIAL CORP's revenue compounded faster (5.5% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
First Commonwealth Financial Corp is a Pennsylvania-based regional financial services holding company. It offers consumer and commercial banking products, loans, wealth management, and insurance services for individuals, small and mid-sized enterprises across central and western Pennsylvania and Ohio.
DLTH vs FCF — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $133.7M |
| Net Profit | $-10.1M | $37.5M |
| Gross Margin | 53.8% | — |
| Operating Margin | -7.7% | — |
| Net Margin | -8.8% | 28.1% |
| Revenue YoY | -9.6% | 13.0% |
| Net Profit YoY | 64.6% | 14.8% |
| EPS (diluted) | $-0.29 | $0.37 |
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.
| Q1 26 | — | $133.7M | ||
| Q4 25 | $114.9M | $137.9M | ||
| Q3 25 | $131.7M | $136.0M | ||
| Q2 25 | $102.7M | $131.0M | ||
| Q1 25 | $241.3M | $118.0M | ||
| Q4 24 | $127.1M | $120.4M | ||
| Q3 24 | $141.6M | $121.2M | ||
| Q2 24 | $116.7M | $120.2M |
| Q1 26 | — | $37.5M | ||
| Q4 25 | $-10.1M | $44.9M | ||
| Q3 25 | $1.3M | $41.3M | ||
| Q2 25 | $-15.3M | $33.4M | ||
| Q1 25 | $-5.6M | $32.7M | ||
| Q4 24 | $-28.2M | $35.8M | ||
| Q3 24 | $-2.0M | $32.1M | ||
| Q2 24 | $-7.9M | $37.1M |
| Q1 26 | — | — | ||
| Q4 25 | 53.8% | — | ||
| Q3 25 | 54.7% | — | ||
| Q2 25 | 52.0% | — | ||
| Q1 25 | 44.1% | — | ||
| Q4 24 | 52.3% | — | ||
| Q3 24 | 52.3% | — | ||
| Q2 24 | 52.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | -7.7% | 40.9% | ||
| Q3 25 | 1.8% | 38.1% | ||
| Q2 25 | -12.0% | 32.1% | ||
| Q1 25 | -1.8% | 34.8% | ||
| Q4 24 | -17.4% | 37.1% | ||
| Q3 24 | -1.1% | 33.4% | ||
| Q2 24 | -7.7% | 38.7% |
| Q1 26 | — | 28.1% | ||
| Q4 25 | -8.8% | 32.5% | ||
| Q3 25 | 1.0% | 30.4% | ||
| Q2 25 | -14.9% | 25.5% | ||
| Q1 25 | -2.3% | 27.7% | ||
| Q4 24 | -22.2% | 29.8% | ||
| Q3 24 | -1.4% | 26.5% | ||
| Q2 24 | -6.7% | 30.9% |
| Q1 26 | — | $0.37 | ||
| Q4 25 | $-0.29 | $0.44 | ||
| Q3 25 | $0.04 | $0.39 | ||
| Q2 25 | $-0.45 | $0.32 | ||
| Q1 25 | $-0.17 | $0.32 | ||
| Q4 24 | $-0.84 | $0.35 | ||
| Q3 24 | $-0.06 | $0.31 | ||
| Q2 24 | $-0.24 | $0.36 |
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 | — | $154.9M |
| Stockholders' EquityBook value | $160.6M | $1.6B |
| Total Assets | $468.0M | $12.3B |
| Debt / EquityLower = less leverage | — | 0.10× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 26 | — | $154.9M | ||
| Q4 25 | — | $261.7M | ||
| Q3 25 | — | $262.1M | ||
| Q2 25 | — | $262.4M | ||
| Q1 25 | — | $262.7M | ||
| Q4 24 | — | $263.0M | ||
| Q3 24 | — | $136.3M | ||
| Q2 24 | — | $136.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $160.6M | $1.6B | ||
| Q3 25 | $170.0M | $1.5B | ||
| Q2 25 | $167.9M | $1.5B | ||
| Q1 25 | $182.7M | $1.4B | ||
| Q4 24 | $188.1M | $1.4B | ||
| Q3 24 | $215.7M | $1.4B | ||
| Q2 24 | $218.4M | $1.4B |
| Q1 26 | — | $12.3B | ||
| Q4 25 | $468.0M | $12.3B | ||
| Q3 25 | $433.8M | $12.3B | ||
| Q2 25 | $463.7M | $12.2B | ||
| Q1 25 | $452.4M | $11.8B | ||
| Q4 24 | $533.1M | $11.6B | ||
| Q3 24 | $488.6M | $12.0B | ||
| Q2 24 | $471.4M | $11.6B |
| Q1 26 | — | 0.10× | ||
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.17× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | 0.10× | ||
| Q2 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-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.
| Q1 26 | — | — | ||
| Q4 25 | $-6.7M | $187.5M | ||
| Q3 25 | $32.0M | $49.5M | ||
| Q2 25 | $-56.5M | $30.4M | ||
| Q1 25 | $41.2M | $55.9M | ||
| Q4 24 | $-41.1M | $129.5M | ||
| Q3 24 | $16.6M | $53.6M | ||
| Q2 24 | $-33.7M | $22.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-8.9M | $171.5M | ||
| Q3 25 | $29.8M | — | ||
| Q2 25 | $-57.8M | — | ||
| Q1 25 | $38.7M | — | ||
| Q4 24 | $-43.7M | $113.9M | ||
| Q3 24 | $15.0M | — | ||
| Q2 24 | $-35.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | -7.8% | 124.3% | ||
| Q3 25 | 22.6% | — | ||
| Q2 25 | -56.3% | — | ||
| Q1 25 | 16.0% | — | ||
| Q4 24 | -34.4% | 94.6% | ||
| Q3 24 | 10.6% | — | ||
| Q2 24 | -30.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 11.7% | ||
| Q3 25 | 1.7% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 2.1% | 12.9% | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 1.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.18× | ||
| Q3 25 | 25.40× | 1.20× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | — | 1.71× | ||
| Q4 24 | — | 3.61× | ||
| Q3 24 | — | 1.67× | ||
| Q2 24 | — | 0.61× |
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% |
FCF
Segment breakdown not available.
