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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and HANMI FINANCIAL CORP (HAFC). Click either name above to swap in a different company.
DULUTH HOLDINGS INC. is the larger business by last-quarter revenue ($114.9M vs $71.2M, roughly 1.6× HANMI FINANCIAL CORP). HANMI FINANCIAL CORP runs the higher net margin — 29.8% vs -8.8%, a 38.6% gap on every dollar of revenue. On growth, HANMI FINANCIAL CORP posted the faster year-over-year revenue change (17.1% vs -9.6%). HANMI FINANCIAL CORP produced more free cash flow last quarter ($203.7M vs $-8.9M). Over the past eight quarters, HANMI FINANCIAL CORP's revenue compounded faster (10.4% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
Hanmi Bank Corporation is a community bank headquartered in Los Angeles, California, with 35 branches and eight loan production offices in California, Texas, Illinois, New York, New Jersey and Virginia.
DLTH vs HAFC — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $71.2M |
| Net Profit | $-10.1M | $21.2M |
| Gross Margin | 53.8% | — |
| Operating Margin | -7.7% | 29.8% |
| Net Margin | -8.8% | 29.8% |
| Revenue YoY | -9.6% | 17.1% |
| Net Profit YoY | 64.6% | 20.0% |
| EPS (diluted) | $-0.29 | $0.70 |
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 | $71.2M | ||
| Q3 25 | $131.7M | $71.0M | ||
| Q2 25 | $102.7M | $65.2M | ||
| Q1 25 | $241.3M | $62.8M | ||
| Q4 24 | $127.1M | $60.8M | ||
| Q3 24 | $141.6M | $58.5M | ||
| Q2 24 | $116.7M | $56.7M | ||
| Q1 24 | $245.6M | $58.4M |
| Q4 25 | $-10.1M | $21.2M | ||
| Q3 25 | $1.3M | $22.1M | ||
| Q2 25 | $-15.3M | $15.1M | ||
| Q1 25 | $-5.6M | $17.7M | ||
| Q4 24 | $-28.2M | $17.7M | ||
| Q3 24 | $-2.0M | $14.9M | ||
| Q2 24 | $-7.9M | $14.5M | ||
| Q1 24 | $6.4M | $15.2M |
| 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 24 | 48.2% | — |
| Q4 25 | -7.7% | 29.8% | ||
| Q3 25 | 1.8% | 31.1% | ||
| Q2 25 | -12.0% | 23.2% | ||
| Q1 25 | -1.8% | 28.1% | ||
| Q4 24 | -17.4% | 29.1% | ||
| Q3 24 | -1.1% | 25.5% | ||
| Q2 24 | -7.7% | 25.5% | ||
| Q1 24 | 3.6% | 26.0% |
| Q4 25 | -8.8% | 29.8% | ||
| Q3 25 | 1.0% | 31.1% | ||
| Q2 25 | -14.9% | 23.2% | ||
| Q1 25 | -2.3% | 28.1% | ||
| Q4 24 | -22.2% | 29.1% | ||
| Q3 24 | -1.4% | 25.5% | ||
| Q2 24 | -6.7% | 25.5% | ||
| Q1 24 | 2.6% | 26.0% |
| Q4 25 | $-0.29 | $0.70 | ||
| Q3 25 | $0.04 | $0.73 | ||
| Q2 25 | $-0.45 | $0.50 | ||
| Q1 25 | $-0.17 | $0.58 | ||
| Q4 24 | $-0.84 | $0.58 | ||
| Q3 24 | $-0.06 | $0.49 | ||
| Q2 24 | $-0.24 | $0.48 | ||
| Q1 24 | $0.20 | $0.50 |
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 | — | — |
| Stockholders' EquityBook value | $160.6M | $796.4M |
| Total Assets | $468.0M | $7.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | $32.2M | — |
| Q4 25 | $160.6M | $796.4M | ||
| Q3 25 | $170.0M | $779.5M | ||
| Q2 25 | $167.9M | $762.8M | ||
| Q1 25 | $182.7M | $751.5M | ||
| Q4 24 | $188.1M | $732.2M | ||
| Q3 24 | $215.7M | $736.7M | ||
| Q2 24 | $218.4M | $707.1M | ||
| Q1 24 | $222.8M | $703.1M |
| Q4 25 | $468.0M | $7.9B | ||
| Q3 25 | $433.8M | $7.9B | ||
| Q2 25 | $463.7M | $7.9B | ||
| Q1 25 | $452.4M | $7.7B | ||
| Q4 24 | $533.1M | $7.7B | ||
| Q3 24 | $488.6M | $7.7B | ||
| Q2 24 | $471.4M | $7.6B | ||
| Q1 24 | $491.2M | $7.5B |
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 | $206.0M |
| Free Cash FlowOCF − Capex | $-8.9M | $203.7M |
| FCF MarginFCF / Revenue | -7.8% | 286.2% |
| Capex IntensityCapex / Revenue | 2.0% | 3.2% |
| Cash ConversionOCF / Net Profit | — | 9.70× |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $356.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.7M | $206.0M | ||
| Q3 25 | $32.0M | $146.9M | ||
| Q2 25 | $-56.5M | $-19.0M | ||
| Q1 25 | $41.2M | $25.8M | ||
| Q4 24 | $-41.1M | $52.6M | ||
| Q3 24 | $16.6M | $6.7M | ||
| Q2 24 | $-33.7M | $2.1M | ||
| Q1 24 | $69.7M | $30.0M |
| Q4 25 | $-8.9M | $203.7M | ||
| Q3 25 | $29.8M | $146.4M | ||
| Q2 25 | $-57.8M | $-19.6M | ||
| Q1 25 | $38.7M | $25.6M | ||
| Q4 24 | $-43.7M | $49.9M | ||
| Q3 24 | $15.0M | $6.5M | ||
| Q2 24 | $-35.2M | $1.3M | ||
| Q1 24 | $60.6M | $29.2M |
| Q4 25 | -7.8% | 286.2% | ||
| Q3 25 | 22.6% | 206.3% | ||
| Q2 25 | -56.3% | -30.0% | ||
| Q1 25 | 16.0% | 40.7% | ||
| Q4 24 | -34.4% | 82.1% | ||
| Q3 24 | 10.6% | 11.1% | ||
| Q2 24 | -30.2% | 2.3% | ||
| Q1 24 | 24.7% | 50.0% |
| Q4 25 | 2.0% | 3.2% | ||
| Q3 25 | 1.7% | 0.8% | ||
| Q2 25 | 1.3% | 0.9% | ||
| Q1 25 | 1.0% | 0.4% | ||
| Q4 24 | 2.1% | 4.3% | ||
| Q3 24 | 1.2% | 0.4% | ||
| Q2 24 | 1.3% | 1.4% | ||
| Q1 24 | 3.7% | 1.4% |
| Q4 25 | — | 9.70× | ||
| Q3 25 | 25.40× | 6.66× | ||
| Q2 25 | — | -1.26× | ||
| Q1 25 | — | 1.46× | ||
| Q4 24 | — | 2.97× | ||
| Q3 24 | — | 0.45× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | 10.86× | 1.98× |
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% |
HAFC
Segment breakdown not available.
