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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and Hippo Holdings Inc. (HIPO). Click either name above to swap in a different company.
Hippo Holdings Inc. is the larger business by last-quarter revenue ($120.4M vs $114.9M, roughly 1.0× DULUTH HOLDINGS INC.). Hippo Holdings Inc. runs the higher net margin — 5.0% vs -8.8%, a 13.8% gap on every dollar of revenue. On growth, Hippo Holdings Inc. posted the faster year-over-year revenue change (18.2% vs -9.6%). Hippo Holdings Inc. produced more free cash flow last quarter ($9.1M vs $-8.9M). Over the past eight quarters, Hippo Holdings Inc.'s revenue compounded faster (18.9% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.
DLTH vs HIPO — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $120.4M |
| Net Profit | $-10.1M | $6.0M |
| Gross Margin | 53.8% | — |
| Operating Margin | -7.7% | 5.6% |
| Net Margin | -8.8% | 5.0% |
| Revenue YoY | -9.6% | 18.2% |
| Net Profit YoY | 64.6% | -86.4% |
| EPS (diluted) | $-0.29 | $0.31 |
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 | $120.4M | ||
| Q3 25 | $131.7M | $120.6M | ||
| Q2 25 | $102.7M | $117.3M | ||
| Q1 25 | $241.3M | $110.3M | ||
| Q4 24 | $127.1M | $101.9M | ||
| Q3 24 | $141.6M | $95.5M | ||
| Q2 24 | $116.7M | $89.6M | ||
| Q1 24 | $245.6M | $85.1M |
| Q4 25 | $-10.1M | $6.0M | ||
| Q3 25 | $1.3M | $98.1M | ||
| Q2 25 | $-15.3M | $1.3M | ||
| Q1 25 | $-5.6M | $-47.7M | ||
| Q4 24 | $-28.2M | $44.2M | ||
| Q3 24 | $-2.0M | $-8.5M | ||
| Q2 24 | $-7.9M | $-40.5M | ||
| Q1 24 | $6.4M | $-35.7M |
| 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% | 5.6% | ||
| Q3 25 | 1.8% | 81.3% | ||
| Q2 25 | -12.0% | 3.4% | ||
| Q1 25 | -1.8% | -41.3% | ||
| Q4 24 | -17.4% | 46.3% | ||
| Q3 24 | -1.1% | -5.4% | ||
| Q2 24 | -7.7% | -40.7% | ||
| Q1 24 | 3.6% | -38.7% |
| Q4 25 | -8.8% | 5.0% | ||
| Q3 25 | 1.0% | 81.3% | ||
| Q2 25 | -14.9% | 1.1% | ||
| Q1 25 | -2.3% | -43.2% | ||
| Q4 24 | -22.2% | 43.4% | ||
| Q3 24 | -1.4% | -8.9% | ||
| Q2 24 | -6.7% | -45.2% | ||
| Q1 24 | 2.6% | -42.0% |
| Q4 25 | $-0.29 | $0.31 | ||
| Q3 25 | $0.04 | $3.77 | ||
| Q2 25 | $-0.45 | $0.05 | ||
| Q1 25 | $-0.17 | $-1.91 | ||
| Q4 24 | $-0.84 | $1.81 | ||
| Q3 24 | $-0.06 | $-0.34 | ||
| Q2 24 | $-0.24 | $-1.64 | ||
| Q1 24 | $0.20 | $-1.47 |
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 | $218.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $160.6M | $436.1M |
| Total Assets | $468.0M | $1.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $218.3M | ||
| Q3 25 | $5.7M | $247.7M | ||
| Q2 25 | $8.6M | $198.9M | ||
| Q1 25 | $3.3M | $140.9M | ||
| Q4 24 | $9.3M | $197.6M | ||
| Q3 24 | $9.8M | $191.2M | ||
| Q2 24 | $6.8M | $175.9M | ||
| Q1 24 | $32.2M | $223.4M |
| Q4 25 | $160.6M | $436.1M | ||
| Q3 25 | $170.0M | $421.5M | ||
| Q2 25 | $167.9M | $332.5M | ||
| Q1 25 | $182.7M | $322.8M | ||
| Q4 24 | $188.1M | $362.1M | ||
| Q3 24 | $215.7M | $326.4M | ||
| Q2 24 | $218.4M | $322.6M | ||
| Q1 24 | $222.8M | $351.2M |
| Q4 25 | $468.0M | $1.9B | ||
| Q3 25 | $433.8M | $1.9B | ||
| Q2 25 | $463.7M | $1.7B | ||
| Q1 25 | $452.4M | $1.5B | ||
| Q4 24 | $533.1M | $1.5B | ||
| Q3 24 | $488.6M | $1.5B | ||
| Q2 24 | $471.4M | $1.5B | ||
| Q1 24 | $491.2M | $1.5B |
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 | $9.2M |
| Free Cash FlowOCF − Capex | $-8.9M | $9.1M |
| FCF MarginFCF / Revenue | -7.8% | 7.6% |
| Capex IntensityCapex / Revenue | 2.0% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 1.53× |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $14.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.7M | $9.2M | ||
| Q3 25 | $32.0M | $16.9M | ||
| Q2 25 | $-56.5M | $24.7M | ||
| Q1 25 | $41.2M | $-35.6M | ||
| Q4 24 | $-41.1M | $47.5M | ||
| Q3 24 | $16.6M | $46.8M | ||
| Q2 24 | $-33.7M | $-10.6M | ||
| Q1 24 | $69.7M | $17.7M |
| Q4 25 | $-8.9M | $9.1M | ||
| Q3 25 | $29.8M | $16.8M | ||
| Q2 25 | $-57.8M | $24.6M | ||
| Q1 25 | $38.7M | $-35.7M | ||
| Q4 24 | $-43.7M | $47.2M | ||
| Q3 24 | $15.0M | — | ||
| Q2 24 | $-35.2M | $-10.7M | ||
| Q1 24 | $60.6M | $17.6M |
| Q4 25 | -7.8% | 7.6% | ||
| Q3 25 | 22.6% | 13.9% | ||
| Q2 25 | -56.3% | 21.0% | ||
| Q1 25 | 16.0% | -32.4% | ||
| Q4 24 | -34.4% | 46.3% | ||
| Q3 24 | 10.6% | — | ||
| Q2 24 | -30.2% | -11.9% | ||
| Q1 24 | 24.7% | 20.7% |
| Q4 25 | 2.0% | 0.1% | ||
| Q3 25 | 1.7% | 0.1% | ||
| Q2 25 | 1.3% | 0.1% | ||
| Q1 25 | 1.0% | 0.1% | ||
| Q4 24 | 2.1% | 0.3% | ||
| Q3 24 | 1.2% | 0.0% | ||
| Q2 24 | 1.3% | 0.1% | ||
| Q1 24 | 3.7% | 0.1% |
| Q4 25 | — | 1.53× | ||
| Q3 25 | 25.40× | 0.17× | ||
| Q2 25 | — | 19.00× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.07× | ||
| 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% |
HIPO
Segment breakdown not available.
