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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and Inogen Inc (INGN). Click either name above to swap in a different company.
DULUTH HOLDINGS INC. is the larger business by last-quarter revenue ($114.9M vs $68.6M, roughly 1.7× Inogen Inc). On growth, Inogen Inc posted the faster year-over-year revenue change (3.4% vs -9.6%). Inogen Inc produced more free cash flow last quarter ($-1.9M vs $-8.9M). Over the past eight quarters, Inogen Inc's revenue compounded faster (4.2% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
Inogen Inc is a medical technology firm specializing in the development, production and distribution of portable oxygen concentrators and associated respiratory care products. It caters primarily to patients with chronic respiratory conditions needing long-term oxygen therapy across North America, Europe and other global markets, focusing on home care and ambulatory patient segments to enhance users' quality of life.
DLTH vs INGN — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $68.6M |
| Net Profit | $-10.1M | — |
| Gross Margin | 53.8% | 51.4% |
| Operating Margin | -7.7% | -13.6% |
| Net Margin | -8.8% | — |
| Revenue YoY | -9.6% | 3.4% |
| Net Profit YoY | 64.6% | — |
| EPS (diluted) | $-0.29 | $-0.26 |
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 | $68.6M | ||
| Q3 25 | $131.7M | $79.1M | ||
| Q2 25 | $102.7M | $79.2M | ||
| Q1 25 | $241.3M | $68.5M | ||
| Q4 24 | $127.1M | $66.3M | ||
| Q3 24 | $141.6M | $74.9M | ||
| Q2 24 | $116.7M | $74.4M | ||
| Q1 24 | $245.6M | $63.1M |
| Q4 25 | $-10.1M | — | ||
| Q3 25 | $1.3M | $-5.3M | ||
| Q2 25 | $-15.3M | $-4.2M | ||
| Q1 25 | $-5.6M | $-6.2M | ||
| Q4 24 | $-28.2M | — | ||
| Q3 24 | $-2.0M | $-6.0M | ||
| Q2 24 | $-7.9M | $-5.6M | ||
| Q1 24 | $6.4M | $-14.6M |
| Q4 25 | 53.8% | 51.4% | ||
| Q3 25 | 54.7% | 52.2% | ||
| Q2 25 | 52.0% | 52.2% | ||
| Q1 25 | 44.1% | 53.1% | ||
| Q4 24 | 52.3% | 54.7% | ||
| Q3 24 | 52.3% | 55.2% | ||
| Q2 24 | 52.8% | 57.4% | ||
| Q1 24 | 48.2% | 54.5% |
| Q4 25 | -7.7% | -13.6% | ||
| Q3 25 | 1.8% | -9.0% | ||
| Q2 25 | -12.0% | -7.7% | ||
| Q1 25 | -1.8% | -11.2% | ||
| Q4 24 | -17.4% | -17.2% | ||
| Q3 24 | -1.1% | -10.4% | ||
| Q2 24 | -7.7% | -9.5% | ||
| Q1 24 | 3.6% | -25.8% |
| Q4 25 | -8.8% | — | ||
| Q3 25 | 1.0% | -6.7% | ||
| Q2 25 | -14.9% | -5.2% | ||
| Q1 25 | -2.3% | -9.0% | ||
| Q4 24 | -22.2% | — | ||
| Q3 24 | -1.4% | -8.0% | ||
| Q2 24 | -6.7% | -7.5% | ||
| Q1 24 | 2.6% | -23.1% |
| Q4 25 | $-0.29 | $-0.26 | ||
| Q3 25 | $0.04 | $-0.20 | ||
| Q2 25 | $-0.45 | $-0.15 | ||
| Q1 25 | $-0.17 | $-0.25 | ||
| Q4 24 | $-0.84 | $-0.41 | ||
| Q3 24 | $-0.06 | $-0.25 | ||
| Q2 24 | $-0.24 | $-0.24 | ||
| Q1 24 | $0.20 | $-0.62 |
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 | $103.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $160.6M | $192.2M |
| Total Assets | $468.0M | $298.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $103.7M | ||
| Q3 25 | $5.7M | $106.5M | ||
| Q2 25 | $8.6M | $103.7M | ||
| Q1 25 | $3.3M | $118.9M | ||
| Q4 24 | $9.3M | $113.8M | ||
| Q3 24 | $9.8M | $105.7M | ||
| Q2 24 | $6.8M | $97.9M | ||
| Q1 24 | $32.2M | $107.4M |
| Q4 25 | $160.6M | $192.2M | ||
| Q3 25 | $170.0M | $197.2M | ||
| Q2 25 | $167.9M | $199.5M | ||
| Q1 25 | $182.7M | $198.0M | ||
| Q4 24 | $188.1M | $173.9M | ||
| Q3 24 | $215.7M | $185.4M | ||
| Q2 24 | $218.4M | $187.6M | ||
| Q1 24 | $222.8M | $191.9M |
| Q4 25 | $468.0M | $298.6M | ||
| Q3 25 | $433.8M | $307.0M | ||
| Q2 25 | $463.7M | $312.0M | ||
| Q1 25 | $452.4M | $308.4M | ||
| Q4 24 | $533.1M | $296.2M | ||
| Q3 24 | $488.6M | $306.2M | ||
| Q2 24 | $471.4M | $308.9M | ||
| Q1 24 | $491.2M | $315.6M |
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 | $-943.0K |
| Free Cash FlowOCF − Capex | $-8.9M | $-1.9M |
| FCF MarginFCF / Revenue | -7.8% | -2.8% |
| Capex IntensityCapex / Revenue | 2.0% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $-13.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.7M | $-943.0K | ||
| Q3 25 | $32.0M | $2.2M | ||
| Q2 25 | $-56.5M | $4.3M | ||
| Q1 25 | $41.2M | $-16.8M | ||
| Q4 24 | $-41.1M | $-3.0M | ||
| Q3 24 | $16.6M | $7.0M | ||
| Q2 24 | $-33.7M | $6.7M | ||
| Q1 24 | $69.7M | $-4.7M |
| Q4 25 | $-8.9M | $-1.9M | ||
| Q3 25 | $29.8M | $1.6M | ||
| Q2 25 | $-57.8M | $3.7M | ||
| Q1 25 | $38.7M | $-17.1M | ||
| Q4 24 | $-43.7M | $-3.3M | ||
| Q3 24 | $15.0M | $5.3M | ||
| Q2 24 | $-35.2M | $6.6M | ||
| Q1 24 | $60.6M | $-6.1M |
| Q4 25 | -7.8% | -2.8% | ||
| Q3 25 | 22.6% | 2.0% | ||
| Q2 25 | -56.3% | 4.6% | ||
| Q1 25 | 16.0% | -24.9% | ||
| Q4 24 | -34.4% | -5.0% | ||
| Q3 24 | 10.6% | 7.1% | ||
| Q2 24 | -30.2% | 8.9% | ||
| Q1 24 | 24.7% | -9.6% |
| Q4 25 | 2.0% | 1.4% | ||
| Q3 25 | 1.7% | 0.7% | ||
| Q2 25 | 1.3% | 0.9% | ||
| Q1 25 | 1.0% | 0.4% | ||
| Q4 24 | 2.1% | 0.5% | ||
| Q3 24 | 1.2% | 2.2% | ||
| Q2 24 | 1.3% | 0.1% | ||
| Q1 24 | 3.7% | 2.1% |
| Q4 25 | — | — | ||
| Q3 25 | 25.40× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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% |
INGN
| Other | $36.1M | 53% |
| Non Us | $32.5M | 47% |
