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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and INDEPENDENCE REALTY TRUST, INC. (IRT). Click either name above to swap in a different company.
INDEPENDENCE REALTY TRUST, INC. is the larger business by last-quarter revenue ($165.3M vs $114.9M, roughly 1.4× DULUTH HOLDINGS INC.). On growth, INDEPENDENCE REALTY TRUST, INC. posted the faster year-over-year revenue change (2.5% vs -9.6%). Over the past eight quarters, INDEPENDENCE REALTY TRUST, INC.'s revenue compounded faster (2.2% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.
DLTH vs IRT — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $165.3M |
| Net Profit | $-10.1M | — |
| Gross Margin | 53.8% | — |
| Operating Margin | -7.7% | — |
| Net Margin | -8.8% | — |
| Revenue YoY | -9.6% | 2.5% |
| Net Profit YoY | 64.6% | — |
| EPS (diluted) | $-0.29 | $0.00 |
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 | — | $165.3M | ||
| Q4 25 | $114.9M | $167.1M | ||
| Q3 25 | $131.7M | $167.1M | ||
| Q2 25 | $102.7M | $162.2M | ||
| Q1 25 | $241.3M | $161.2M | ||
| Q4 24 | $127.1M | $161.0M | ||
| Q3 24 | $141.6M | $160.1M | ||
| Q2 24 | $116.7M | $158.4M |
| Q1 26 | — | — | ||
| Q4 25 | $-10.1M | $33.3M | ||
| Q3 25 | $1.3M | $6.9M | ||
| Q2 25 | $-15.3M | $8.0M | ||
| Q1 25 | $-5.6M | $8.4M | ||
| Q4 24 | $-28.2M | $-1.0M | ||
| Q3 24 | $-2.0M | $12.4M | ||
| Q2 24 | $-7.9M | $10.4M |
| 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 | — | — | ||
| Q4 25 | -7.7% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | -12.0% | — | ||
| Q1 25 | -1.8% | — | ||
| Q4 24 | -17.4% | — | ||
| Q3 24 | -1.1% | — | ||
| Q2 24 | -7.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | -8.8% | 19.9% | ||
| Q3 25 | 1.0% | 4.1% | ||
| Q2 25 | -14.9% | 5.0% | ||
| Q1 25 | -2.3% | 5.2% | ||
| Q4 24 | -22.2% | -0.6% | ||
| Q3 24 | -1.4% | 7.7% | ||
| Q2 24 | -6.7% | 6.5% |
| Q1 26 | — | $0.00 | ||
| Q4 25 | $-0.29 | $0.14 | ||
| Q3 25 | $0.04 | $0.03 | ||
| Q2 25 | $-0.45 | $0.03 | ||
| Q1 25 | $-0.17 | $0.04 | ||
| Q4 24 | $-0.84 | $-0.01 | ||
| Q3 24 | $-0.06 | $0.05 | ||
| Q2 24 | $-0.24 | $0.05 |
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 | $23.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $160.6M | $3.4B |
| Total Assets | $468.0M | $6.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $23.3M | ||
| Q4 25 | $8.2M | $23.6M | ||
| Q3 25 | $5.7M | $23.3M | ||
| Q2 25 | $8.6M | $19.5M | ||
| Q1 25 | $3.3M | $29.1M | ||
| Q4 24 | $9.3M | $21.2M | ||
| Q3 24 | $9.8M | $17.6M | ||
| Q2 24 | $6.8M | $21.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $160.6M | $3.5B | ||
| Q3 25 | $170.0M | $3.5B | ||
| Q2 25 | $167.9M | $3.4B | ||
| Q1 25 | $182.7M | $3.5B | ||
| Q4 24 | $188.1M | $3.4B | ||
| Q3 24 | $215.7M | $3.4B | ||
| Q2 24 | $218.4M | $3.4B |
| Q1 26 | — | $6.1B | ||
| Q4 25 | $468.0M | $6.0B | ||
| Q3 25 | $433.8M | $6.1B | ||
| Q2 25 | $463.7M | $6.0B | ||
| Q1 25 | $452.4M | $6.0B | ||
| Q4 24 | $533.1M | $6.1B | ||
| Q3 24 | $488.6M | $5.9B | ||
| Q2 24 | $471.4M | $5.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.66× | ||
| Q3 25 | — | 0.66× | ||
| Q2 25 | — | 0.66× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | 0.68× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.66× |
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 | $282.1M | ||
| Q3 25 | $32.0M | $79.3M | ||
| Q2 25 | $-56.5M | $82.2M | ||
| Q1 25 | $41.2M | $60.4M | ||
| Q4 24 | $-41.1M | $259.8M | ||
| Q3 24 | $16.6M | $69.2M | ||
| Q2 24 | $-33.7M | $83.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-8.9M | — | ||
| Q3 25 | $29.8M | — | ||
| Q2 25 | $-57.8M | — | ||
| Q1 25 | $38.7M | — | ||
| Q4 24 | $-43.7M | — | ||
| Q3 24 | $15.0M | — | ||
| Q2 24 | $-35.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | -7.8% | — | ||
| Q3 25 | 22.6% | — | ||
| Q2 25 | -56.3% | — | ||
| Q1 25 | 16.0% | — | ||
| Q4 24 | -34.4% | — | ||
| Q3 24 | 10.6% | — | ||
| Q2 24 | -30.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | — | ||
| Q3 25 | 1.7% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 1.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 8.48× | ||
| Q3 25 | 25.40× | 11.51× | ||
| Q2 25 | — | 10.22× | ||
| Q1 25 | — | 7.23× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 5.60× | ||
| Q2 24 | — | 8.02× |
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% |
IRT
| Rental and other property revenue | $165.2M | 100% |
| Other revenue | $109.0K | 0% |
