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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and Loar Holdings Inc. (LOAR). Click either name above to swap in a different company.
Loar Holdings Inc. is the larger business by last-quarter revenue ($131.8M vs $114.9M, roughly 1.1× DULUTH HOLDINGS INC.). Loar Holdings Inc. runs the higher net margin — 9.5% vs -8.8%, a 18.3% gap on every dollar of revenue. On growth, Loar Holdings Inc. posted the faster year-over-year revenue change (19.3% vs -9.6%). Over the past eight quarters, Loar Holdings Inc.'s revenue compounded faster (19.8% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
DLTH vs LOAR — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $131.8M |
| Net Profit | $-10.1M | $12.5M |
| Gross Margin | 53.8% | 52.1% |
| Operating Margin | -7.7% | 18.0% |
| Net Margin | -8.8% | 9.5% |
| Revenue YoY | -9.6% | 19.3% |
| Net Profit YoY | 64.6% | 239.5% |
| EPS (diluted) | $-0.29 | $0.13 |
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 | $131.8M | ||
| Q3 25 | $131.7M | $126.8M | ||
| Q2 25 | $102.7M | $123.1M | ||
| Q1 25 | $241.3M | $114.7M | ||
| Q4 24 | $127.1M | $110.4M | ||
| Q3 24 | $141.6M | $103.5M | ||
| Q2 24 | $116.7M | $97.0M | ||
| Q1 24 | $245.6M | $91.8M |
| Q4 25 | $-10.1M | $12.5M | ||
| Q3 25 | $1.3M | $27.6M | ||
| Q2 25 | $-15.3M | $16.7M | ||
| Q1 25 | $-5.6M | $15.3M | ||
| Q4 24 | $-28.2M | $3.7M | ||
| Q3 24 | $-2.0M | $8.7M | ||
| Q2 24 | $-7.9M | $7.6M | ||
| Q1 24 | $6.4M | $2.2M |
| Q4 25 | 53.8% | 52.1% | ||
| Q3 25 | 54.7% | 52.7% | ||
| Q2 25 | 52.0% | 53.8% | ||
| Q1 25 | 44.1% | 52.1% | ||
| Q4 24 | 52.3% | 48.9% | ||
| Q3 24 | 52.3% | 51.1% | ||
| Q2 24 | 52.8% | 49.0% | ||
| Q1 24 | 48.2% | 48.4% |
| Q4 25 | -7.7% | 18.0% | ||
| Q3 25 | 1.8% | 22.9% | ||
| Q2 25 | -12.0% | 22.2% | ||
| Q1 25 | -1.8% | 22.8% | ||
| Q4 24 | -17.4% | 19.2% | ||
| Q3 24 | -1.1% | 22.1% | ||
| Q2 24 | -7.7% | 22.9% | ||
| Q1 24 | 3.6% | 23.3% |
| Q4 25 | -8.8% | 9.5% | ||
| Q3 25 | 1.0% | 21.8% | ||
| Q2 25 | -14.9% | 13.6% | ||
| Q1 25 | -2.3% | 13.4% | ||
| Q4 24 | -22.2% | 3.3% | ||
| Q3 24 | -1.4% | 8.4% | ||
| Q2 24 | -6.7% | 7.9% | ||
| Q1 24 | 2.6% | 2.4% |
| Q4 25 | $-0.29 | $0.13 | ||
| Q3 25 | $0.04 | $0.29 | ||
| Q2 25 | $-0.45 | $0.17 | ||
| Q1 25 | $-0.17 | $0.16 | ||
| Q4 24 | $-0.84 | $-11023.48 | ||
| Q3 24 | $-0.06 | $0.09 | ||
| Q2 24 | $-0.24 | $0.09 | ||
| Q1 24 | $0.20 | $11023.54 |
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 | $84.8M |
| Total DebtLower is stronger | — | $715.7M |
| Stockholders' EquityBook value | $160.6M | $1.2B |
| Total Assets | $468.0M | $2.0B |
| Debt / EquityLower = less leverage | — | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $84.8M | ||
| Q3 25 | $5.7M | $99.0M | ||
| Q2 25 | $8.6M | $103.3M | ||
| Q1 25 | $3.3M | $80.5M | ||
| Q4 24 | $9.3M | $54.1M | ||
| Q3 24 | $9.8M | $55.2M | ||
| Q2 24 | $6.8M | $73.2M | ||
| Q1 24 | $32.2M | $28.2M |
| Q4 25 | — | $715.7M | ||
| Q3 25 | — | $279.4M | ||
| Q2 25 | — | $277.7M | ||
| Q1 25 | — | $277.5M | ||
| Q4 24 | — | $277.3M | ||
| Q3 24 | — | $602.1M | ||
| Q2 24 | — | $250.7M | ||
| Q1 24 | — | $534.2M |
| Q4 25 | $160.6M | $1.2B | ||
| Q3 25 | $170.0M | $1.2B | ||
| Q2 25 | $167.9M | $1.1B | ||
| Q1 25 | $182.7M | $1.1B | ||
| Q4 24 | $188.1M | $1.1B | ||
| Q3 24 | $215.7M | $769.8M | ||
| Q2 24 | $218.4M | $758.4M | ||
| Q1 24 | $222.8M | $420.6M |
| Q4 25 | $468.0M | $2.0B | ||
| Q3 25 | $433.8M | $1.5B | ||
| Q2 25 | $463.7M | $1.5B | ||
| Q1 25 | $452.4M | $1.5B | ||
| Q4 24 | $533.1M | $1.5B | ||
| Q3 24 | $488.6M | $1.5B | ||
| Q2 24 | $471.4M | $1.1B | ||
| Q1 24 | $491.2M | $1.1B |
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.25× | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | 0.78× | ||
| Q2 24 | — | 0.33× | ||
| Q1 24 | — | 1.27× |
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 | $30.4M |
| Free Cash FlowOCF − Capex | $-8.9M | — |
| FCF MarginFCF / Revenue | -7.8% | — |
| Capex IntensityCapex / Revenue | 2.0% | — |
| Cash ConversionOCF / Net Profit | — | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.7M | $30.4M | ||
| Q3 25 | $32.0M | $29.7M | ||
| Q2 25 | $-56.5M | $23.8M | ||
| Q1 25 | $41.2M | $28.4M | ||
| Q4 24 | $-41.1M | $20.7M | ||
| Q3 24 | $16.6M | $16.3M | ||
| Q2 24 | $-33.7M | $7.1M | ||
| Q1 24 | $69.7M | $10.8M |
| 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 24 | $60.6M | — |
| 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 24 | 24.7% | — |
| 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 24 | 3.7% | — |
| Q4 25 | — | 2.43× | ||
| Q3 25 | 25.40× | 1.08× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | 1.85× | ||
| Q4 24 | — | 5.62× | ||
| Q3 24 | — | 1.89× | ||
| Q2 24 | — | 0.93× | ||
| Q1 24 | 10.86× | 4.81× |
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% |
LOAR
| Other | $76.8M | 58% |
| Commercial Aerospace | $21.2M | 16% |
| Business Jet And General Aviation | $17.6M | 13% |
| Defense | $16.2M | 12% |
