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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and MID PENN BANCORP INC (MPB). Click either name above to swap in a different company.
DULUTH HOLDINGS INC. is the larger business by last-quarter revenue ($114.9M vs $62.0M, roughly 1.9× MID PENN BANCORP INC). MID PENN BANCORP INC runs the higher net margin — 31.4% vs -8.8%, a 40.1% gap on every dollar of revenue. On growth, MID PENN BANCORP INC posted the faster year-over-year revenue change (30.8% vs -9.6%). MID PENN BANCORP INC produced more free cash flow last quarter ($71.8M vs $-8.9M). Over the past eight quarters, MID PENN BANCORP INC's revenue compounded faster (21.1% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce into TD Banknorth, the latter of which was rebranded to TD Bank.
DLTH vs MPB — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $62.0M |
| Net Profit | $-10.1M | $19.4M |
| Gross Margin | 53.8% | — |
| Operating Margin | -7.7% | 43.6% |
| Net Margin | -8.8% | 31.4% |
| Revenue YoY | -9.6% | 30.8% |
| Net Profit YoY | 64.6% | 47.0% |
| EPS (diluted) | $-0.29 | $0.83 |
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 | $62.0M | ||
| Q3 25 | $131.7M | $61.8M | ||
| Q2 25 | $102.7M | $54.3M | ||
| Q1 25 | $241.3M | $47.7M | ||
| Q4 24 | $127.1M | $47.4M | ||
| Q3 24 | $141.6M | $45.3M | ||
| Q2 24 | $116.7M | $44.1M | ||
| Q1 24 | $245.6M | $42.3M |
| Q4 25 | $-10.1M | $19.4M | ||
| Q3 25 | $1.3M | $18.3M | ||
| Q2 25 | $-15.3M | $4.8M | ||
| Q1 25 | $-5.6M | $13.7M | ||
| Q4 24 | $-28.2M | $13.2M | ||
| Q3 24 | $-2.0M | $12.3M | ||
| Q2 24 | $-7.9M | $11.8M | ||
| Q1 24 | $6.4M | $12.1M |
| 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% | 43.6% | ||
| Q3 25 | 1.8% | 39.3% | ||
| Q2 25 | -12.0% | 7.9% | ||
| Q1 25 | -1.8% | 35.2% | ||
| Q4 24 | -17.4% | 34.1% | ||
| Q3 24 | -1.1% | 32.8% | ||
| Q2 24 | -7.7% | 32.4% | ||
| Q1 24 | 3.6% | 34.8% |
| Q4 25 | -8.8% | 31.4% | ||
| Q3 25 | 1.0% | 29.6% | ||
| Q2 25 | -14.9% | 8.8% | ||
| Q1 25 | -2.3% | 28.8% | ||
| Q4 24 | -22.2% | 27.9% | ||
| Q3 24 | -1.4% | 27.1% | ||
| Q2 24 | -6.7% | 26.7% | ||
| Q1 24 | 2.6% | 28.7% |
| Q4 25 | $-0.29 | $0.83 | ||
| Q3 25 | $0.04 | $0.79 | ||
| Q2 25 | $-0.45 | $0.22 | ||
| Q1 25 | $-0.17 | $0.71 | ||
| Q4 24 | $-0.84 | $0.72 | ||
| Q3 24 | $-0.06 | $0.74 | ||
| Q2 24 | $-0.24 | $0.71 | ||
| Q1 24 | $0.20 | $0.73 |
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 | — | — |
| Stockholders' EquityBook value | $160.6M | $814.1M |
| Total Assets | $468.0M | $6.1B |
| Debt / EquityLower = less leverage | — | — |
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 | $160.6M | $814.1M | ||
| Q3 25 | $170.0M | $796.3M | ||
| Q2 25 | $167.9M | $775.7M | ||
| Q1 25 | $182.7M | $667.9M | ||
| Q4 24 | $188.1M | $655.0M | ||
| Q3 24 | $215.7M | $573.1M | ||
| Q2 24 | $218.4M | $559.7M | ||
| Q1 24 | $222.8M | $551.0M |
| Q4 25 | $468.0M | $6.1B | ||
| Q3 25 | $433.8M | $6.3B | ||
| Q2 25 | $463.7M | $6.4B | ||
| Q1 25 | $452.4M | $5.5B | ||
| Q4 24 | $533.1M | $5.5B | ||
| Q3 24 | $488.6M | $5.5B | ||
| Q2 24 | $471.4M | $5.4B | ||
| Q1 24 | $491.2M | $5.3B |
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 | $80.0M |
| Free Cash FlowOCF − Capex | $-8.9M | $71.8M |
| FCF MarginFCF / Revenue | -7.8% | 115.8% |
| Capex IntensityCapex / Revenue | 2.0% | 13.3% |
| Cash ConversionOCF / Net Profit | — | 4.12× |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $132.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.7M | $80.0M | ||
| Q3 25 | $32.0M | $26.3M | ||
| Q2 25 | $-56.5M | $29.0M | ||
| Q1 25 | $41.2M | $11.5M | ||
| Q4 24 | $-41.1M | $51.4M | ||
| Q3 24 | $16.6M | $16.9M | ||
| Q2 24 | $-33.7M | $18.0M | ||
| Q1 24 | $69.7M | $12.4M |
| Q4 25 | $-8.9M | $71.8M | ||
| Q3 25 | $29.8M | $24.3M | ||
| Q2 25 | $-57.8M | $27.2M | ||
| Q1 25 | $38.7M | $8.8M | ||
| Q4 24 | $-43.7M | $44.5M | ||
| Q3 24 | $15.0M | $16.8M | ||
| Q2 24 | $-35.2M | $17.7M | ||
| Q1 24 | $60.6M | $12.1M |
| Q4 25 | -7.8% | 115.8% | ||
| Q3 25 | 22.6% | 39.4% | ||
| Q2 25 | -56.3% | 50.1% | ||
| Q1 25 | 16.0% | 18.4% | ||
| Q4 24 | -34.4% | 93.8% | ||
| Q3 24 | 10.6% | 37.1% | ||
| Q2 24 | -30.2% | 40.2% | ||
| Q1 24 | 24.7% | 28.5% |
| Q4 25 | 2.0% | 13.3% | ||
| Q3 25 | 1.7% | 3.1% | ||
| Q2 25 | 1.3% | 3.2% | ||
| Q1 25 | 1.0% | 5.7% | ||
| Q4 24 | 2.1% | 14.6% | ||
| Q3 24 | 1.2% | 0.0% | ||
| Q2 24 | 1.3% | 0.7% | ||
| Q1 24 | 3.7% | 0.8% |
| Q4 25 | — | 4.12× | ||
| Q3 25 | 25.40× | 1.44× | ||
| Q2 25 | — | 6.08× | ||
| Q1 25 | — | 0.84× | ||
| Q4 24 | — | 3.88× | ||
| Q3 24 | — | 1.37× | ||
| Q2 24 | — | 1.53× | ||
| Q1 24 | 10.86× | 1.02× |
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% |
MPB
Segment breakdown not available.
