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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and Goosehead Insurance, Inc. (GSHD). Click either name above to swap in a different company.
DULUTH HOLDINGS INC. is the larger business by last-quarter revenue ($114.9M vs $93.1M, roughly 1.2× Goosehead Insurance, Inc.). Goosehead Insurance, Inc. runs the higher net margin — 8.6% vs -8.8%, a 17.4% gap on every dollar of revenue. On growth, Goosehead Insurance, Inc. posted the faster year-over-year revenue change (23.1% vs -9.6%). Over the past eight quarters, Goosehead Insurance, Inc.'s revenue compounded faster (9.2% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
Goosehead Insurance is a U.S.-based personal lines insurance agency that offers a wide range of coverage products including auto, home, renters, flood, and specialty insurance. It partners with hundreds of insurance carriers to provide clients with tailored, cost-effective coverage options, operating via corporate locations and a national franchise network for independent agents.
DLTH vs GSHD — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $93.1M |
| Net Profit | $-10.1M | $8.0M |
| Gross Margin | 53.8% | — |
| Operating Margin | -7.7% | 16.1% |
| Net Margin | -8.8% | 8.6% |
| Revenue YoY | -9.6% | 23.1% |
| Net Profit YoY | 64.6% | 204.0% |
| EPS (diluted) | $-0.29 | $0.19 |
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 | — | $93.1M | ||
| Q4 25 | $114.9M | $105.3M | ||
| Q3 25 | $131.7M | $90.4M | ||
| Q2 25 | $102.7M | $94.0M | ||
| Q1 25 | $241.3M | $75.6M | ||
| Q4 24 | $127.1M | $93.9M | ||
| Q3 24 | $141.6M | $78.0M | ||
| Q2 24 | $116.7M | $78.1M |
| Q1 26 | — | $8.0M | ||
| Q4 25 | $-10.1M | $12.4M | ||
| Q3 25 | $1.3M | $7.9M | ||
| Q2 25 | $-15.3M | $5.2M | ||
| Q1 25 | $-5.6M | $2.3M | ||
| Q4 24 | $-28.2M | $14.9M | ||
| Q3 24 | $-2.0M | $7.6M | ||
| Q2 24 | $-7.9M | $6.2M |
| 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 | — | 16.1% | ||
| Q4 25 | -7.7% | 29.4% | ||
| Q3 25 | 1.8% | 23.5% | ||
| Q2 25 | -12.0% | 16.7% | ||
| Q1 25 | -1.8% | 8.8% | ||
| Q4 24 | -17.4% | 29.7% | ||
| Q3 24 | -1.1% | 21.1% | ||
| Q2 24 | -7.7% | 19.7% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | -8.8% | 11.8% | ||
| Q3 25 | 1.0% | 8.7% | ||
| Q2 25 | -14.9% | 5.5% | ||
| Q1 25 | -2.3% | 3.1% | ||
| Q4 24 | -22.2% | 15.8% | ||
| Q3 24 | -1.4% | 9.7% | ||
| Q2 24 | -6.7% | 7.9% |
| Q1 26 | — | $0.19 | ||
| Q4 25 | $-0.29 | $0.48 | ||
| Q3 25 | $0.04 | $0.29 | ||
| Q2 25 | $-0.45 | $0.18 | ||
| Q1 25 | $-0.17 | $0.09 | ||
| Q4 24 | $-0.84 | $0.58 | ||
| Q3 24 | $-0.06 | $0.29 | ||
| Q2 24 | $-0.24 | $0.24 |
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 | $25.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $160.6M | $-121.3M |
| Total Assets | $468.0M | $392.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $25.7M | ||
| Q4 25 | $8.2M | $34.4M | ||
| Q3 25 | $5.7M | $51.6M | ||
| Q2 25 | $8.6M | $92.4M | ||
| Q1 25 | $3.3M | $70.2M | ||
| Q4 24 | $9.3M | $54.3M | ||
| Q3 24 | $9.8M | $47.5M | ||
| Q2 24 | $6.8M | $23.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $289.5M | ||
| Q3 25 | — | $290.0M | ||
| Q2 25 | — | $289.8M | ||
| Q1 25 | — | $290.3M | ||
| Q4 24 | — | $82.3M | ||
| Q3 24 | — | $84.6M | ||
| Q2 24 | — | $87.0M |
| Q1 26 | — | $-121.3M | ||
| Q4 25 | $160.6M | $-95.5M | ||
| Q3 25 | $170.0M | $-105.0M | ||
| Q2 25 | $167.9M | $-78.6M | ||
| Q1 25 | $182.7M | $-88.5M | ||
| Q4 24 | $188.1M | $43.9M | ||
| Q3 24 | $215.7M | $58.3M | ||
| Q2 24 | $218.4M | $39.8M |
| Q1 26 | — | $392.8M | ||
| Q4 25 | $468.0M | $414.9M | ||
| Q3 25 | $433.8M | $403.6M | ||
| Q2 25 | $463.7M | $436.6M | ||
| Q1 25 | $452.4M | $412.6M | ||
| Q4 24 | $533.1M | $397.7M | ||
| Q3 24 | $488.6M | $358.1M | ||
| Q2 24 | $471.4M | $338.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.87× | ||
| Q3 24 | — | 1.45× | ||
| Q2 24 | — | 2.19× |
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 | $91.8M | ||
| Q3 25 | $32.0M | $24.2M | ||
| Q2 25 | $-56.5M | $28.9M | ||
| Q1 25 | $41.2M | $15.5M | ||
| Q4 24 | $-41.1M | $71.5M | ||
| Q3 24 | $16.6M | $28.1M | ||
| Q2 24 | $-33.7M | $18.9M |
| Q1 26 | — | — | ||
| Q4 25 | $-8.9M | $86.1M | ||
| Q3 25 | $29.8M | $23.7M | ||
| Q2 25 | $-57.8M | $27.2M | ||
| Q1 25 | $38.7M | $14.9M | ||
| Q4 24 | $-43.7M | $70.6M | ||
| Q3 24 | $15.0M | $28.0M | ||
| Q2 24 | $-35.2M | $18.6M |
| Q1 26 | — | — | ||
| Q4 25 | -7.8% | 81.8% | ||
| Q3 25 | 22.6% | 26.2% | ||
| Q2 25 | -56.3% | 28.9% | ||
| Q1 25 | 16.0% | 19.7% | ||
| Q4 24 | -34.4% | 75.1% | ||
| Q3 24 | 10.6% | 35.9% | ||
| Q2 24 | -30.2% | 23.9% |
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 5.4% | ||
| Q3 25 | 1.7% | 0.5% | ||
| Q2 25 | 1.3% | 1.8% | ||
| Q1 25 | 1.0% | 0.8% | ||
| Q4 24 | 2.1% | 1.0% | ||
| Q3 24 | 1.2% | 0.1% | ||
| Q2 24 | 1.3% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.38× | ||
| Q3 25 | 25.40× | 3.06× | ||
| Q2 25 | — | 5.61× | ||
| Q1 25 | — | 6.61× | ||
| Q4 24 | — | 4.82× | ||
| Q3 24 | — | 3.72× | ||
| Q2 24 | — | 3.05× |
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% |
GSHD
| Renewal Royalty Fees (2) | $43.6M | 47% |
| Renewal Commissions (1) | $18.2M | 20% |
| Contingent Commissions (1) | $10.7M | 11% |
| New Business Royalty Fees (2) | $7.9M | 8% |
| New Business Commissions (1) | $7.5M | 8% |
| Other | $3.7M | 4% |
| Initial Franchise Fees (2) | $1.6M | 2% |
