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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and DORIAN LPG LTD. (LPG). Click either name above to swap in a different company.
DORIAN LPG LTD. is the larger business by last-quarter revenue ($120.0M vs $114.9M, roughly 1.0× DULUTH HOLDINGS INC.). DORIAN LPG LTD. runs the higher net margin — 39.3% vs -8.8%, a 48.1% gap on every dollar of revenue. On growth, DORIAN LPG LTD. posted the faster year-over-year revenue change (48.7% vs -9.6%). Over the past eight quarters, DORIAN LPG LTD.'s revenue compounded faster (-7.9% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
Dorian LPG Ltd. is a leading international shipping company focused on the seaborne transportation of liquefied petroleum gas (LPG). It owns and operates a modern fleet of very large gas carriers, serving energy and petrochemical industry clients across key markets including North America, Asia and Europe.
DLTH vs LPG — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $120.0M |
| Net Profit | $-10.1M | $47.2M |
| Gross Margin | 53.8% | — |
| Operating Margin | -7.7% | 42.8% |
| Net Margin | -8.8% | 39.3% |
| Revenue YoY | -9.6% | 48.7% |
| Net Profit YoY | 64.6% | 120.9% |
| EPS (diluted) | $-0.29 | $1.11 |
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 | $120.0M | ||
| Q3 25 | $131.7M | $124.1M | ||
| Q2 25 | $102.7M | $84.2M | ||
| Q1 25 | $241.3M | $75.9M | ||
| Q4 24 | $127.1M | $80.7M | ||
| Q3 24 | $141.6M | $82.4M | ||
| Q2 24 | $116.7M | $114.4M | ||
| Q1 24 | $245.6M | $141.4M |
| Q4 25 | $-10.1M | $47.2M | ||
| Q3 25 | $1.3M | $55.4M | ||
| Q2 25 | $-15.3M | $10.1M | ||
| Q1 25 | $-5.6M | $8.1M | ||
| Q4 24 | $-28.2M | $21.4M | ||
| Q3 24 | $-2.0M | $9.4M | ||
| Q2 24 | $-7.9M | $51.3M | ||
| Q1 24 | $6.4M | $79.2M |
| 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% | 42.8% | ||
| Q3 25 | 1.8% | 47.8% | ||
| Q2 25 | -12.0% | 18.5% | ||
| Q1 25 | -1.8% | 19.4% | ||
| Q4 24 | -17.4% | 29.0% | ||
| Q3 24 | -1.1% | 23.2% | ||
| Q2 24 | -7.7% | 48.5% | ||
| Q1 24 | 3.6% | 58.3% |
| Q4 25 | -8.8% | 39.3% | ||
| Q3 25 | 1.0% | 44.6% | ||
| Q2 25 | -14.9% | 12.0% | ||
| Q1 25 | -2.3% | 10.7% | ||
| Q4 24 | -22.2% | 26.5% | ||
| Q3 24 | -1.4% | 11.4% | ||
| Q2 24 | -6.7% | 44.9% | ||
| Q1 24 | 2.6% | 56.0% |
| Q4 25 | $-0.29 | $1.11 | ||
| Q3 25 | $0.04 | $1.30 | ||
| Q2 25 | $-0.45 | $0.24 | ||
| Q1 25 | $-0.17 | $0.17 | ||
| Q4 24 | $-0.84 | $0.50 | ||
| Q3 24 | $-0.06 | $0.22 | ||
| Q2 24 | $-0.24 | $1.25 | ||
| Q1 24 | $0.20 | $1.96 |
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 | $294.5M |
| Total DebtLower is stronger | — | $513.2M |
| Stockholders' EquityBook value | $160.6M | $1.1B |
| Total Assets | $468.0M | $1.8B |
| Debt / EquityLower = less leverage | — | 0.47× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $294.5M | ||
| Q3 25 | $5.7M | $268.3M | ||
| Q2 25 | $8.6M | $277.9M | ||
| Q1 25 | $3.3M | $316.9M | ||
| Q4 24 | $9.3M | $314.5M | ||
| Q3 24 | $9.8M | $348.6M | ||
| Q2 24 | $6.8M | $353.3M | ||
| Q1 24 | $32.2M | $282.5M |
| Q4 25 | — | $513.2M | ||
| Q3 25 | — | $526.4M | ||
| Q2 25 | — | $539.6M | ||
| Q1 25 | — | $553.3M | ||
| Q4 24 | — | $565.9M | ||
| Q3 24 | — | $579.0M | ||
| Q2 24 | — | $592.1M | ||
| Q1 24 | — | $605.1M |
| Q4 25 | $160.6M | $1.1B | ||
| Q3 25 | $170.0M | $1.1B | ||
| Q2 25 | $167.9M | $1.0B | ||
| Q1 25 | $182.7M | $1.0B | ||
| Q4 24 | $188.1M | $1.1B | ||
| Q3 24 | $215.7M | $1.1B | ||
| Q2 24 | $218.4M | $1.1B | ||
| Q1 24 | $222.8M | $1.0B |
| Q4 25 | $468.0M | $1.8B | ||
| Q3 25 | $433.8M | $1.8B | ||
| Q2 25 | $463.7M | $1.7B | ||
| Q1 25 | $452.4M | $1.8B | ||
| Q4 24 | $533.1M | $1.8B | ||
| Q3 24 | $488.6M | $1.9B | ||
| Q2 24 | $471.4M | $1.9B | ||
| Q1 24 | $491.2M | $1.8B |
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.49× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 0.53× | ||
| Q3 24 | — | 0.53× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.59× |
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 | $80.8M |
| Free Cash FlowOCF − Capex | $-8.9M | — |
| FCF MarginFCF / Revenue | -7.8% | — |
| Capex IntensityCapex / Revenue | 2.0% | — |
| Cash ConversionOCF / Net Profit | — | 1.71× |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.7M | $80.8M | ||
| Q3 25 | $32.0M | $46.4M | ||
| Q2 25 | $-56.5M | $814.5K | ||
| Q1 25 | $41.2M | $50.2M | ||
| Q4 24 | $-41.1M | $24.3M | ||
| Q3 24 | $16.6M | $57.3M | ||
| Q2 24 | $-33.7M | $41.2M | ||
| Q1 24 | $69.7M | $154.2M |
| 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 | — | 1.71× | ||
| Q3 25 | 25.40× | 0.84× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 6.20× | ||
| Q4 24 | — | 1.14× | ||
| Q3 24 | — | 6.08× | ||
| Q2 24 | — | 0.80× | ||
| Q1 24 | 10.86× | 1.95× |
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% |
LPG
Segment breakdown not available.
