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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and LXP Industrial Trust (LXP). Click either name above to swap in a different company.
DULUTH HOLDINGS INC. is the larger business by last-quarter revenue ($114.9M vs $86.7M, roughly 1.3× LXP Industrial Trust). LXP Industrial Trust runs the higher net margin — 33.2% vs -8.8%, a 42.0% gap on every dollar of revenue. On growth, DULUTH HOLDINGS INC. posted the faster year-over-year revenue change (-9.6% vs -14.0%). Over the past eight quarters, LXP Industrial Trust's revenue compounded faster (0.3% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
LXP Industrial Trust is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality industrial real estate assets, primarily distribution centers, logistics facilities, and light industrial properties across key markets in the United States. Its tenant base covers e-commerce, third-party logistics, and advanced manufacturing sectors, delivering stable long-term returns for its investors.
DLTH vs LXP — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $86.7M |
| Net Profit | $-10.1M | $28.8M |
| Gross Margin | 53.8% | 81.5% |
| Operating Margin | -7.7% | 34.6% |
| Net Margin | -8.8% | 33.2% |
| Revenue YoY | -9.6% | -14.0% |
| Net Profit YoY | 64.6% | — |
| EPS (diluted) | $-0.29 | — |
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 | $86.7M | ||
| Q3 25 | $131.7M | $86.9M | ||
| Q2 25 | $102.7M | $87.7M | ||
| Q1 25 | $241.3M | $88.9M | ||
| Q4 24 | $127.1M | $100.9M | ||
| Q3 24 | $141.6M | $85.6M | ||
| Q2 24 | $116.7M | $85.8M | ||
| Q1 24 | $245.6M | $86.3M |
| Q4 25 | $-10.1M | $28.8M | ||
| Q3 25 | $1.3M | $36.3M | ||
| Q2 25 | $-15.3M | $29.1M | ||
| Q1 25 | $-5.6M | $19.0M | ||
| Q4 24 | $-28.2M | — | ||
| Q3 24 | $-2.0M | $6.3M | ||
| Q2 24 | $-7.9M | $5.4M | ||
| Q1 24 | $6.4M | $-269.0K |
| Q4 25 | 53.8% | 81.5% | ||
| Q3 25 | 54.7% | 82.3% | ||
| Q2 25 | 52.0% | 81.9% | ||
| Q1 25 | 44.1% | 80.7% | ||
| Q4 24 | 52.3% | 85.3% | ||
| Q3 24 | 52.3% | 82.5% | ||
| Q2 24 | 52.8% | 82.0% | ||
| Q1 24 | 48.2% | 82.4% |
| Q4 25 | -7.7% | 34.6% | ||
| Q3 25 | 1.8% | 50.4% | ||
| Q2 25 | -12.0% | 33.7% | ||
| Q1 25 | -1.8% | 21.8% | ||
| Q4 24 | -17.4% | — | ||
| Q3 24 | -1.1% | 7.9% | ||
| Q2 24 | -7.7% | 6.9% | ||
| Q1 24 | 3.6% | 1.0% |
| Q4 25 | -8.8% | 33.2% | ||
| Q3 25 | 1.0% | 41.7% | ||
| Q2 25 | -14.9% | 33.2% | ||
| Q1 25 | -2.3% | 21.4% | ||
| Q4 24 | -22.2% | — | ||
| Q3 24 | -1.4% | 7.4% | ||
| Q2 24 | -6.7% | 6.3% | ||
| Q1 24 | 2.6% | -0.3% |
| Q4 25 | $-0.29 | — | ||
| Q3 25 | $0.04 | $0.12 | ||
| Q2 25 | $-0.45 | $0.09 | ||
| Q1 25 | $-0.17 | $0.06 | ||
| Q4 24 | $-0.84 | — | ||
| Q3 24 | $-0.06 | $0.02 | ||
| Q2 24 | $-0.24 | $0.01 | ||
| Q1 24 | $0.20 | $-0.01 |
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 | $170.4M |
| Total DebtLower is stronger | — | $1.4B |
| Stockholders' EquityBook value | $160.6M | $2.0B |
| Total Assets | $468.0M | $3.5B |
| Debt / EquityLower = less leverage | — | 0.66× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $170.4M | ||
| Q3 25 | $5.7M | $229.7M | ||
| Q2 25 | $8.6M | $71.0M | ||
| Q1 25 | $3.3M | $70.9M | ||
| Q4 24 | $9.3M | $101.8M | ||
| Q3 24 | $9.8M | $55.0M | ||
| Q2 24 | $6.8M | $48.7M | ||
| Q1 24 | $32.2M | $293.8M |
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $160.6M | $2.0B | ||
| Q3 25 | $170.0M | $2.1B | ||
| Q2 25 | $167.9M | $2.1B | ||
| Q1 25 | $182.7M | $2.1B | ||
| Q4 24 | $188.1M | $2.1B | ||
| Q3 24 | $215.7M | $2.1B | ||
| Q2 24 | $218.4M | $2.1B | ||
| Q1 24 | $222.8M | $2.2B |
| Q4 25 | $468.0M | $3.5B | ||
| Q3 25 | $433.8M | $3.7B | ||
| Q2 25 | $463.7M | $3.7B | ||
| Q1 25 | $452.4M | $3.8B | ||
| Q4 24 | $533.1M | $3.8B | ||
| Q3 24 | $488.6M | $3.9B | ||
| Q2 24 | $471.4M | $3.9B | ||
| Q1 24 | $491.2M | $4.2B |
| Q4 25 | — | 0.66× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.73× | ||
| Q4 24 | — | 0.75× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $188.7M |
| Free Cash FlowOCF − Capex | $-8.9M | — |
| FCF MarginFCF / Revenue | -7.8% | — |
| Capex IntensityCapex / Revenue | 2.0% | — |
| Cash ConversionOCF / Net Profit | — | 6.56× |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.7M | $188.7M | ||
| Q3 25 | $32.0M | $63.5M | ||
| Q2 25 | $-56.5M | $44.3M | ||
| Q1 25 | $41.2M | $39.0M | ||
| Q4 24 | $-41.1M | $211.2M | ||
| Q3 24 | $16.6M | $64.6M | ||
| Q2 24 | $-33.7M | $38.5M | ||
| Q1 24 | $69.7M | $38.9M |
| 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 | — | 6.56× | ||
| Q3 25 | 25.40× | 1.75× | ||
| Q2 25 | — | 1.52× | ||
| Q1 25 | — | 2.05× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 10.18× | ||
| Q2 24 | — | 7.09× | ||
| 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% |
LXP
Segment breakdown not available.
