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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and HARROW, INC. (HROW). Click either name above to swap in a different company.
DULUTH HOLDINGS INC. is the larger business by last-quarter revenue ($114.9M vs $89.1M, roughly 1.3× HARROW, INC.). HARROW, INC. runs the higher net margin — 7.4% vs -8.8%, a 16.2% gap on every dollar of revenue. On growth, HARROW, INC. posted the faster year-over-year revenue change (33.3% vs -9.6%). HARROW, INC. produced more free cash flow last quarter ($8.1M vs $-8.9M). Over the past eight quarters, HARROW, INC.'s revenue compounded faster (60.5% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
Harrow Health, Inc., formerly known as Imprimis Pharmaceuticals, is a publicly traded pharmaceutical company based in Nashville, Tennessee.
DLTH vs HROW — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $89.1M |
| Net Profit | $-10.1M | $6.6M |
| Gross Margin | 53.8% | 79.3% |
| Operating Margin | -7.7% | 17.5% |
| Net Margin | -8.8% | 7.4% |
| Revenue YoY | -9.6% | 33.3% |
| Net Profit YoY | 64.6% | -2.2% |
| EPS (diluted) | $-0.29 | $0.20 |
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 | $89.1M | ||
| Q3 25 | $131.7M | $71.6M | ||
| Q2 25 | $102.7M | $63.7M | ||
| Q1 25 | $241.3M | $47.8M | ||
| Q4 24 | $127.1M | $66.8M | ||
| Q3 24 | $141.6M | $49.3M | ||
| Q2 24 | $116.7M | $48.9M | ||
| Q1 24 | $245.6M | $34.6M |
| Q4 25 | $-10.1M | $6.6M | ||
| Q3 25 | $1.3M | $1.0M | ||
| Q2 25 | $-15.3M | $5.0M | ||
| Q1 25 | $-5.6M | $-17.8M | ||
| Q4 24 | $-28.2M | $6.8M | ||
| Q3 24 | $-2.0M | $-4.2M | ||
| Q2 24 | $-7.9M | $-6.5M | ||
| Q1 24 | $6.4M | $-13.6M |
| Q4 25 | 53.8% | 79.3% | ||
| Q3 25 | 54.7% | 75.3% | ||
| Q2 25 | 52.0% | 74.5% | ||
| Q1 25 | 44.1% | 67.5% | ||
| Q4 24 | 52.3% | 78.8% | ||
| Q3 24 | 52.3% | 75.6% | ||
| Q2 24 | 52.8% | 74.4% | ||
| Q1 24 | 48.2% | 69.5% |
| Q4 25 | -7.7% | 17.5% | ||
| Q3 25 | 1.8% | 20.6% | ||
| Q2 25 | -12.0% | 17.9% | ||
| Q1 25 | -1.8% | -23.5% | ||
| Q4 24 | -17.4% | 19.3% | ||
| Q3 24 | -1.1% | 2.7% | ||
| Q2 24 | -7.7% | 3.1% | ||
| Q1 24 | 3.6% | -20.0% |
| Q4 25 | -8.8% | 7.4% | ||
| Q3 25 | 1.0% | 1.4% | ||
| Q2 25 | -14.9% | 7.8% | ||
| Q1 25 | -2.3% | -37.2% | ||
| Q4 24 | -22.2% | 10.1% | ||
| Q3 24 | -1.4% | -8.6% | ||
| Q2 24 | -6.7% | -13.2% | ||
| Q1 24 | 2.6% | -39.2% |
| Q4 25 | $-0.29 | $0.20 | ||
| Q3 25 | $0.04 | $0.03 | ||
| Q2 25 | $-0.45 | $0.13 | ||
| Q1 25 | $-0.17 | $-0.50 | ||
| Q4 24 | $-0.84 | $0.19 | ||
| Q3 24 | $-0.06 | $-0.12 | ||
| Q2 24 | $-0.24 | $-0.18 | ||
| Q1 24 | $0.20 | $-0.38 |
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 | $72.9M |
| Total DebtLower is stronger | — | $250.0M |
| Stockholders' EquityBook value | $160.6M | $52.4M |
| Total Assets | $468.0M | $399.5M |
| Debt / EquityLower = less leverage | — | 4.77× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $72.9M | ||
| Q3 25 | $5.7M | $74.3M | ||
| Q2 25 | $8.6M | $53.0M | ||
| Q1 25 | $3.3M | $66.7M | ||
| Q4 24 | $9.3M | $47.2M | ||
| Q3 24 | $9.8M | $72.6M | ||
| Q2 24 | $6.8M | $71.0M | ||
| Q1 24 | $32.2M | $76.0M |
| Q4 25 | — | $250.0M | ||
| Q3 25 | — | $347.2M | ||
| Q2 25 | — | $250.6M | ||
| Q1 25 | — | $256.9M | ||
| Q4 24 | — | $262.7M | ||
| Q3 24 | — | $230.7M | ||
| Q2 24 | — | $236.3M | ||
| Q1 24 | — | $243.4M |
| Q4 25 | $160.6M | $52.4M | ||
| Q3 25 | $170.0M | $47.0M | ||
| Q2 25 | $167.9M | $49.7M | ||
| Q1 25 | $182.7M | $56.5M | ||
| Q4 24 | $188.1M | $69.7M | ||
| Q3 24 | $215.7M | $58.0M | ||
| Q2 24 | $218.4M | $58.5M | ||
| Q1 24 | $222.8M | $60.6M |
| Q4 25 | $468.0M | $399.5M | ||
| Q3 25 | $433.8M | $363.1M | ||
| Q2 25 | $463.7M | $345.0M | ||
| Q1 25 | $452.4M | $364.2M | ||
| Q4 24 | $533.1M | $389.0M | ||
| Q3 24 | $488.6M | $351.5M | ||
| Q2 24 | $471.4M | $306.6M | ||
| Q1 24 | $491.2M | $295.5M |
| Q4 25 | — | 4.77× | ||
| Q3 25 | — | 7.39× | ||
| Q2 25 | — | 5.05× | ||
| Q1 25 | — | 4.55× | ||
| Q4 24 | — | 3.77× | ||
| Q3 24 | — | 3.98× | ||
| Q2 24 | — | 4.04× | ||
| Q1 24 | — | 4.02× |
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 | $8.4M |
| Free Cash FlowOCF − Capex | $-8.9M | $8.1M |
| FCF MarginFCF / Revenue | -7.8% | 9.1% |
| Capex IntensityCapex / Revenue | 2.0% | 0.4% |
| Cash ConversionOCF / Net Profit | — | 1.27× |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $43.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.7M | $8.4M | ||
| Q3 25 | $32.0M | $16.6M | ||
| Q2 25 | $-56.5M | $-803.0K | ||
| Q1 25 | $41.2M | $19.7M | ||
| Q4 24 | $-41.1M | $-17.8M | ||
| Q3 24 | $16.6M | $3.0M | ||
| Q2 24 | $-33.7M | $-2.7M | ||
| Q1 24 | $69.7M | $-4.6M |
| Q4 25 | $-8.9M | $8.1M | ||
| Q3 25 | $29.8M | $16.4M | ||
| Q2 25 | $-57.8M | $-969.0K | ||
| Q1 25 | $38.7M | $19.5M | ||
| Q4 24 | $-43.7M | $-18.3M | ||
| Q3 24 | $15.0M | $2.3M | ||
| Q2 24 | $-35.2M | $-3.1M | ||
| Q1 24 | $60.6M | $-4.7M |
| Q4 25 | -7.8% | 9.1% | ||
| Q3 25 | 22.6% | 22.9% | ||
| Q2 25 | -56.3% | -1.5% | ||
| Q1 25 | 16.0% | 40.8% | ||
| Q4 24 | -34.4% | -27.4% | ||
| Q3 24 | 10.6% | 4.8% | ||
| Q2 24 | -30.2% | -6.3% | ||
| Q1 24 | 24.7% | -13.6% |
| Q4 25 | 2.0% | 0.4% | ||
| Q3 25 | 1.7% | 0.3% | ||
| Q2 25 | 1.3% | 0.3% | ||
| Q1 25 | 1.0% | 0.4% | ||
| Q4 24 | 2.1% | 0.8% | ||
| Q3 24 | 1.2% | 1.2% | ||
| Q2 24 | 1.3% | 0.7% | ||
| Q1 24 | 3.7% | 0.3% |
| Q4 25 | — | 1.27× | ||
| Q3 25 | 25.40× | 16.26× | ||
| Q2 25 | — | -0.16× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -2.62× | ||
| 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% |
HROW
Segment breakdown not available.
