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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and InvenTrust Properties Corp. (IVT). Click either name above to swap in a different company.
DULUTH HOLDINGS INC. is the larger business by last-quarter revenue ($114.9M vs $77.4M, roughly 1.5× InvenTrust Properties Corp.). InvenTrust Properties Corp. runs the higher net margin — 3.4% vs -8.8%, a 12.2% gap on every dollar of revenue. On growth, InvenTrust Properties Corp. posted the faster year-over-year revenue change (8.6% vs -9.6%). InvenTrust Properties Corp. produced more free cash flow last quarter ($110.9M vs $-8.9M). Over the past eight quarters, InvenTrust Properties Corp.'s revenue compounded faster (7.6% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
InvenTrust Properties Corp. is a real estate investment trust that invests in shopping malls. As of December 31, 2024, the company owned interests in 68 properties comprising 11.0 million square feet.
DLTH vs IVT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $77.4M |
| Net Profit | $-10.1M | $2.7M |
| Gross Margin | 53.8% | — |
| Operating Margin | -7.7% | -11.0% |
| Net Margin | -8.8% | 3.4% |
| Revenue YoY | -9.6% | 8.6% |
| Net Profit YoY | 64.6% | -72.8% |
| EPS (diluted) | $-0.29 | $0.02 |
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 | $77.4M | ||
| Q3 25 | $131.7M | $74.5M | ||
| Q2 25 | $102.7M | $73.6M | ||
| Q1 25 | $241.3M | $73.8M | ||
| Q4 24 | $127.1M | $71.2M | ||
| Q3 24 | $141.6M | $68.5M | ||
| Q2 24 | $116.7M | $67.4M | ||
| Q1 24 | $245.6M | $66.8M |
| Q4 25 | $-10.1M | $2.7M | ||
| Q3 25 | $1.3M | $6.0M | ||
| Q2 25 | $-15.3M | $95.9M | ||
| Q1 25 | $-5.6M | $6.8M | ||
| Q4 24 | $-28.2M | $9.8M | ||
| Q3 24 | $-2.0M | $-539.0K | ||
| Q2 24 | $-7.9M | $1.5M | ||
| Q1 24 | $6.4M | $2.9M |
| 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% | -11.0% | ||
| Q3 25 | 1.8% | -9.8% | ||
| Q2 25 | -12.0% | — | ||
| Q1 25 | -1.8% | -10.5% | ||
| Q4 24 | -17.4% | -3.6% | ||
| Q3 24 | -1.1% | -18.7% | ||
| Q2 24 | -7.7% | -13.6% | ||
| Q1 24 | 3.6% | -13.1% |
| Q4 25 | -8.8% | 3.4% | ||
| Q3 25 | 1.0% | 8.1% | ||
| Q2 25 | -14.9% | 130.4% | ||
| Q1 25 | -2.3% | 9.2% | ||
| Q4 24 | -22.2% | 13.8% | ||
| Q3 24 | -1.4% | -0.8% | ||
| Q2 24 | -6.7% | 2.2% | ||
| Q1 24 | 2.6% | 4.3% |
| Q4 25 | $-0.29 | $0.02 | ||
| Q3 25 | $0.04 | $0.08 | ||
| Q2 25 | $-0.45 | $1.23 | ||
| Q1 25 | $-0.17 | $0.09 | ||
| Q4 24 | $-0.84 | $0.14 | ||
| Q3 24 | $-0.06 | $-0.01 | ||
| Q2 24 | $-0.24 | $0.02 | ||
| Q1 24 | $0.20 | $0.04 |
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 | — | $825.9M |
| Stockholders' EquityBook value | $160.6M | $1.8B |
| Total Assets | $468.0M | $2.8B |
| Debt / EquityLower = less leverage | — | 0.46× |
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 | — | $825.9M | ||
| Q3 25 | — | $764.6M | ||
| Q2 25 | — | $746.3M | ||
| Q1 25 | — | $740.7M | ||
| Q4 24 | — | $740.4M | ||
| Q3 24 | — | $740.1M | ||
| Q2 24 | — | $812.2M | ||
| Q1 24 | — | $827.5M |
| Q4 25 | $160.6M | $1.8B | ||
| Q3 25 | $170.0M | $1.8B | ||
| Q2 25 | $167.9M | $1.8B | ||
| Q1 25 | $182.7M | $1.7B | ||
| Q4 24 | $188.1M | $1.8B | ||
| Q3 24 | $215.7M | $1.8B | ||
| Q2 24 | $218.4M | $1.5B | ||
| Q1 24 | $222.8M | $1.5B |
| Q4 25 | $468.0M | $2.8B | ||
| Q3 25 | $433.8M | $2.7B | ||
| Q2 25 | $463.7M | $2.7B | ||
| Q1 25 | $452.4M | $2.6B | ||
| Q4 24 | $533.1M | $2.6B | ||
| Q3 24 | $488.6M | $2.6B | ||
| Q2 24 | $471.4M | $2.5B | ||
| Q1 24 | $491.2M | $2.5B |
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 0.42× | ||
| Q4 24 | — | 0.42× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.53× |
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 | $155.4M |
| Free Cash FlowOCF − Capex | $-8.9M | $110.9M |
| FCF MarginFCF / Revenue | -7.8% | 143.3% |
| Capex IntensityCapex / Revenue | 2.0% | 57.5% |
| Cash ConversionOCF / Net Profit | — | 58.41× |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $193.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.7M | $155.4M | ||
| Q3 25 | $32.0M | $43.8M | ||
| Q2 25 | $-56.5M | $48.7M | ||
| Q1 25 | $41.2M | $20.2M | ||
| Q4 24 | $-41.1M | $136.9M | ||
| Q3 24 | $16.6M | $38.4M | ||
| Q2 24 | $-33.7M | $46.7M | ||
| Q1 24 | $69.7M | $14.8M |
| Q4 25 | $-8.9M | $110.9M | ||
| Q3 25 | $29.8M | $31.4M | ||
| Q2 25 | $-57.8M | $38.0M | ||
| Q1 25 | $38.7M | $12.8M | ||
| Q4 24 | $-43.7M | $100.8M | ||
| Q3 24 | $15.0M | $29.3M | ||
| Q2 24 | $-35.2M | $37.2M | ||
| Q1 24 | $60.6M | $7.7M |
| Q4 25 | -7.8% | 143.3% | ||
| Q3 25 | 22.6% | 42.2% | ||
| Q2 25 | -56.3% | 51.6% | ||
| Q1 25 | 16.0% | 17.4% | ||
| Q4 24 | -34.4% | 141.5% | ||
| Q3 24 | 10.6% | 42.8% | ||
| Q2 24 | -30.2% | 55.2% | ||
| Q1 24 | 24.7% | 11.5% |
| Q4 25 | 2.0% | 57.5% | ||
| Q3 25 | 1.7% | 16.7% | ||
| Q2 25 | 1.3% | 14.6% | ||
| Q1 25 | 1.0% | 10.0% | ||
| Q4 24 | 2.1% | 50.7% | ||
| Q3 24 | 1.2% | 13.3% | ||
| Q2 24 | 1.3% | 14.0% | ||
| Q1 24 | 3.7% | 10.6% |
| Q4 25 | — | 58.41× | ||
| Q3 25 | 25.40× | 7.27× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 2.97× | ||
| Q4 24 | — | 13.97× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 31.15× | ||
| Q1 24 | 10.86× | 5.10× |
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% |
IVT
Segment breakdown not available.
