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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and FIRSTSUN CAPITAL BANCORP (FSUN). Click either name above to swap in a different company.
DULUTH HOLDINGS INC. is the larger business by last-quarter revenue ($114.9M vs $110.0M, roughly 1.0× FIRSTSUN CAPITAL BANCORP). FIRSTSUN CAPITAL BANCORP runs the higher net margin — 19.6% vs -8.8%, a 28.4% gap on every dollar of revenue. Over the past eight quarters, FIRSTSUN CAPITAL BANCORP's revenue compounded faster (6.9% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
FirstSun Capital Bancorp is a U.S.-headquartered financial holding company that offers a comprehensive range of banking and financial services, including commercial and consumer lending, deposit products, wealth management, and treasury solutions. It mainly serves individual customers, small and medium-sized enterprises, and corporate clients across U.S. regional markets.
DLTH vs FSUN — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $110.0M |
| Net Profit | $-10.1M | $21.6M |
| Gross Margin | 53.8% | — |
| Operating Margin | -7.7% | — |
| Net Margin | -8.8% | 19.6% |
| Revenue YoY | -9.6% | — |
| Net Profit YoY | 64.6% | -8.4% |
| EPS (diluted) | $-0.29 | $0.76 |
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 | — | $110.0M | ||
| Q4 25 | $114.9M | $110.2M | ||
| Q3 25 | $131.7M | $107.3M | ||
| Q2 25 | $102.7M | $105.6M | ||
| Q1 25 | $241.3M | $96.2M | ||
| Q4 24 | $127.1M | $98.7M | ||
| Q3 24 | $141.6M | $98.2M | ||
| Q2 24 | $116.7M | $96.2M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $-10.1M | $24.8M | ||
| Q3 25 | $1.3M | $23.2M | ||
| Q2 25 | $-15.3M | $26.4M | ||
| Q1 25 | $-5.6M | $23.6M | ||
| Q4 24 | $-28.2M | $16.4M | ||
| Q3 24 | $-2.0M | $22.4M | ||
| Q2 24 | $-7.9M | $24.6M |
| 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% | 29.0% | ||
| Q3 25 | 1.8% | 26.4% | ||
| Q2 25 | -12.0% | 31.2% | ||
| Q1 25 | -1.8% | 30.9% | ||
| Q4 24 | -17.4% | 20.4% | ||
| Q3 24 | -1.1% | 29.1% | ||
| Q2 24 | -7.7% | 32.3% |
| Q1 26 | — | 19.6% | ||
| Q4 25 | -8.8% | 22.5% | ||
| Q3 25 | 1.0% | 21.6% | ||
| Q2 25 | -14.9% | 25.0% | ||
| Q1 25 | -2.3% | 24.5% | ||
| Q4 24 | -22.2% | 16.6% | ||
| Q3 24 | -1.4% | 22.8% | ||
| Q2 24 | -6.7% | 25.5% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $-0.29 | $0.89 | ||
| Q3 25 | $0.04 | $0.82 | ||
| Q2 25 | $-0.45 | $0.93 | ||
| Q1 25 | $-0.17 | $0.83 | ||
| Q4 24 | $-0.84 | $0.57 | ||
| Q3 24 | $-0.06 | $0.79 | ||
| Q2 24 | $-0.24 | $0.88 |
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 | $413.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $160.6M | $1.2B |
| Total Assets | $468.0M | $8.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $413.7M | ||
| Q4 25 | $8.2M | $652.6M | ||
| Q3 25 | $5.7M | $659.9M | ||
| Q2 25 | $8.6M | $785.1M | ||
| Q1 25 | $3.3M | $621.4M | ||
| Q4 24 | $9.3M | $615.9M | ||
| Q3 24 | $9.8M | $573.7M | ||
| Q2 24 | $6.8M | $535.8M |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $160.6M | $1.2B | ||
| Q3 25 | $170.0M | $1.1B | ||
| Q2 25 | $167.9M | $1.1B | ||
| Q1 25 | $182.7M | $1.1B | ||
| Q4 24 | $188.1M | $1.0B | ||
| Q3 24 | $215.7M | $1.0B | ||
| Q2 24 | $218.4M | $996.6M |
| Q1 26 | — | $8.6B | ||
| Q4 25 | $468.0M | $8.5B | ||
| Q3 25 | $433.8M | $8.5B | ||
| Q2 25 | $463.7M | $8.4B | ||
| Q1 25 | $452.4M | $8.2B | ||
| Q4 24 | $533.1M | $8.1B | ||
| Q3 24 | $488.6M | $8.1B | ||
| Q2 24 | $471.4M | $8.0B |
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 | $111.5M | ||
| Q3 25 | $32.0M | $49.4M | ||
| Q2 25 | $-56.5M | $15.0M | ||
| Q1 25 | $41.2M | $26.4M | ||
| Q4 24 | $-41.1M | $101.1M | ||
| Q3 24 | $16.6M | $48.1M | ||
| Q2 24 | $-33.7M | $20.9M |
| Q1 26 | — | — | ||
| Q4 25 | $-8.9M | $104.0M | ||
| Q3 25 | $29.8M | $47.6M | ||
| Q2 25 | $-57.8M | $13.0M | ||
| Q1 25 | $38.7M | $24.3M | ||
| Q4 24 | $-43.7M | $95.7M | ||
| Q3 24 | $15.0M | $47.1M | ||
| Q2 24 | $-35.2M | $19.9M |
| Q1 26 | — | — | ||
| Q4 25 | -7.8% | 94.3% | ||
| Q3 25 | 22.6% | 44.4% | ||
| Q2 25 | -56.3% | 12.3% | ||
| Q1 25 | 16.0% | 25.3% | ||
| Q4 24 | -34.4% | 97.0% | ||
| Q3 24 | 10.6% | 47.9% | ||
| Q2 24 | -30.2% | 20.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 6.8% | ||
| Q3 25 | 1.7% | 1.6% | ||
| Q2 25 | 1.3% | 1.9% | ||
| Q1 25 | 1.0% | 2.1% | ||
| Q4 24 | 2.1% | 5.5% | ||
| Q3 24 | 1.2% | 1.1% | ||
| Q2 24 | 1.3% | 1.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.49× | ||
| Q3 25 | 25.40× | 2.13× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 1.12× | ||
| Q4 24 | — | 6.18× | ||
| Q3 24 | — | 2.15× | ||
| Q2 24 | — | 0.85× |
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% |
FSUN
| Net Interest Income | $82.8M | 75% |
| Noninterest Income | $27.2M | 25% |
