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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and N-able, Inc. (NABL). Click either name above to swap in a different company.
N-able, Inc. is the larger business by last-quarter revenue ($130.3M vs $114.9M, roughly 1.1× DULUTH HOLDINGS INC.). On growth, N-able, Inc. posted the faster year-over-year revenue change (11.8% vs -9.6%). N-able, Inc. produced more free cash flow last quarter ($20.9M vs $-8.9M). Over the past eight quarters, N-able, Inc.'s revenue compounded faster (7.0% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
Able UK is a British industrial services company specialising in decommissioning of ships and offshore installations.
DLTH vs NABL — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $130.3M |
| Net Profit | $-10.1M | — |
| Gross Margin | 53.8% | 76.2% |
| Operating Margin | -7.7% | 10.2% |
| Net Margin | -8.8% | — |
| Revenue YoY | -9.6% | 11.8% |
| Net Profit YoY | 64.6% | — |
| EPS (diluted) | $-0.29 | $-0.04 |
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 | $130.3M | ||
| Q3 25 | $131.7M | $131.7M | ||
| Q2 25 | $102.7M | $131.2M | ||
| Q1 25 | $241.3M | $118.2M | ||
| Q4 24 | $127.1M | $116.5M | ||
| Q3 24 | $141.6M | $116.4M | ||
| Q2 24 | $116.7M | $119.4M | ||
| Q1 24 | $245.6M | $113.7M |
| Q4 25 | $-10.1M | — | ||
| Q3 25 | $1.3M | $1.4M | ||
| Q2 25 | $-15.3M | $-4.0M | ||
| Q1 25 | $-5.6M | $-7.2M | ||
| Q4 24 | $-28.2M | — | ||
| Q3 24 | $-2.0M | $10.8M | ||
| Q2 24 | $-7.9M | $9.5M | ||
| Q1 24 | $6.4M | $7.5M |
| Q4 25 | 53.8% | 76.2% | ||
| Q3 25 | 54.7% | 77.5% | ||
| Q2 25 | 52.0% | 78.1% | ||
| Q1 25 | 44.1% | 76.6% | ||
| Q4 24 | 52.3% | 80.0% | ||
| Q3 24 | 52.3% | 82.9% | ||
| Q2 24 | 52.8% | 84.0% | ||
| Q1 24 | 48.2% | 83.9% |
| Q4 25 | -7.7% | 10.2% | ||
| Q3 25 | 1.8% | 8.8% | ||
| Q2 25 | -12.0% | 7.7% | ||
| Q1 25 | -1.8% | 1.5% | ||
| Q4 24 | -17.4% | 13.7% | ||
| Q3 24 | -1.1% | 20.5% | ||
| Q2 24 | -7.7% | 18.4% | ||
| Q1 24 | 3.6% | 18.0% |
| Q4 25 | -8.8% | — | ||
| Q3 25 | 1.0% | 1.1% | ||
| Q2 25 | -14.9% | -3.1% | ||
| Q1 25 | -2.3% | -6.1% | ||
| Q4 24 | -22.2% | — | ||
| Q3 24 | -1.4% | 9.2% | ||
| Q2 24 | -6.7% | 7.9% | ||
| Q1 24 | 2.6% | 6.6% |
| Q4 25 | $-0.29 | $-0.04 | ||
| Q3 25 | $0.04 | $0.01 | ||
| Q2 25 | $-0.45 | $-0.02 | ||
| Q1 25 | $-0.17 | $-0.04 | ||
| Q4 24 | $-0.84 | $0.01 | ||
| Q3 24 | $-0.06 | $0.06 | ||
| Q2 24 | $-0.24 | $0.05 | ||
| 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 | $111.8M |
| Total DebtLower is stronger | — | $393.9M |
| Stockholders' EquityBook value | $160.6M | $804.7M |
| Total Assets | $468.0M | $1.4B |
| Debt / EquityLower = less leverage | — | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $111.8M | ||
| Q3 25 | $5.7M | $101.4M | ||
| Q2 25 | $8.6M | $93.9M | ||
| Q1 25 | $3.3M | $94.1M | ||
| Q4 24 | $9.3M | $85.2M | ||
| Q3 24 | $9.8M | $174.4M | ||
| Q2 24 | $6.8M | $157.5M | ||
| Q1 24 | $32.2M | $139.2M |
| Q4 25 | — | $393.9M | ||
| Q3 25 | — | $331.7M | ||
| Q2 25 | — | $332.1M | ||
| Q1 25 | — | $332.6M | ||
| Q4 24 | — | $333.1M | ||
| Q3 24 | — | $333.6M | ||
| Q2 24 | — | $334.1M | ||
| Q1 24 | — | $334.5M |
| Q4 25 | $160.6M | $804.7M | ||
| Q3 25 | $170.0M | $813.4M | ||
| Q2 25 | $167.9M | $809.4M | ||
| Q1 25 | $182.7M | $775.1M | ||
| Q4 24 | $188.1M | $759.3M | ||
| Q3 24 | $215.7M | $765.0M | ||
| Q2 24 | $218.4M | $724.4M | ||
| Q1 24 | $222.8M | $709.1M |
| Q4 25 | $468.0M | $1.4B | ||
| Q3 25 | $433.8M | $1.4B | ||
| Q2 25 | $463.7M | $1.4B | ||
| Q1 25 | $452.4M | $1.4B | ||
| Q4 24 | $533.1M | $1.3B | ||
| Q3 24 | $488.6M | $1.2B | ||
| Q2 24 | $471.4M | $1.2B | ||
| Q1 24 | $491.2M | $1.1B |
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.47× |
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 | $25.3M |
| Free Cash FlowOCF − Capex | $-8.9M | $20.9M |
| FCF MarginFCF / Revenue | -7.8% | 16.0% |
| Capex IntensityCapex / Revenue | 2.0% | 3.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $75.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.7M | $25.3M | ||
| Q3 25 | $32.0M | $24.0M | ||
| Q2 25 | $-56.5M | $24.2M | ||
| Q1 25 | $41.2M | $19.7M | ||
| Q4 24 | $-41.1M | $26.0M | ||
| Q3 24 | $16.6M | $22.0M | ||
| Q2 24 | $-33.7M | $27.3M | ||
| Q1 24 | $69.7M | $4.2M |
| Q4 25 | $-8.9M | $20.9M | ||
| Q3 25 | $29.8M | $17.4M | ||
| Q2 25 | $-57.8M | $20.4M | ||
| Q1 25 | $38.7M | $16.4M | ||
| Q4 24 | $-43.7M | $18.8M | ||
| Q3 24 | $15.0M | $18.2M | ||
| Q2 24 | $-35.2M | $24.0M | ||
| Q1 24 | $60.6M | $746.0K |
| Q4 25 | -7.8% | 16.0% | ||
| Q3 25 | 22.6% | 13.2% | ||
| Q2 25 | -56.3% | 15.5% | ||
| Q1 25 | 16.0% | 13.9% | ||
| Q4 24 | -34.4% | 16.2% | ||
| Q3 24 | 10.6% | 15.7% | ||
| Q2 24 | -30.2% | 20.1% | ||
| Q1 24 | 24.7% | 0.7% |
| Q4 25 | 2.0% | 3.4% | ||
| Q3 25 | 1.7% | 5.0% | ||
| Q2 25 | 1.3% | 2.9% | ||
| Q1 25 | 1.0% | 2.8% | ||
| Q4 24 | 2.1% | 6.1% | ||
| Q3 24 | 1.2% | 3.2% | ||
| Q2 24 | 1.3% | 2.7% | ||
| Q1 24 | 3.7% | 3.0% |
| Q4 25 | — | — | ||
| Q3 25 | 25.40× | 17.36× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.04× | ||
| Q2 24 | — | 2.89× | ||
| Q1 24 | 10.86× | 0.56× |
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% |
NABL
| Transferred Over Time | $121.9M | 94% |
| Transferred At Point In Time | $8.4M | 6% |
| Other Revenue | $1.3M | 1% |
