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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and Origin Bancorp, Inc. (OBK). Click either name above to swap in a different company.
DULUTH HOLDINGS INC. is the larger business by last-quarter revenue ($114.9M vs $104.0M, roughly 1.1× Origin Bancorp, Inc.). Origin Bancorp, Inc. runs the higher net margin — 26.6% vs -8.8%, a 35.4% gap on every dollar of revenue. Over the past eight quarters, Origin Bancorp, Inc.'s revenue compounded faster (3.9% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
Southern Bancorp is a community development financial institution headquartered in Arkadelphia, Arkansas. It was founded in 1986 as Southern Development Bancorporation, and is often referred to simply as "Southern".
DLTH vs OBK — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $104.0M |
| Net Profit | $-10.1M | $27.7M |
| Gross Margin | 53.8% | — |
| Operating Margin | -7.7% | — |
| Net Margin | -8.8% | 26.6% |
| Revenue YoY | -9.6% | — |
| Net Profit YoY | 64.6% | — |
| EPS (diluted) | $-0.29 | $0.89 |
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.
| Q1 26 | — | $104.0M | ||
| Q4 25 | $114.9M | $103.4M | ||
| Q3 25 | $131.7M | $109.8M | ||
| Q2 25 | $102.7M | $83.5M | ||
| Q1 25 | $241.3M | $94.1M | ||
| Q4 24 | $127.1M | $78.3M | ||
| Q3 24 | $141.6M | $90.8M | ||
| Q2 24 | $116.7M | $96.4M |
| Q1 26 | — | $27.7M | ||
| Q4 25 | $-10.1M | $29.5M | ||
| Q3 25 | $1.3M | $8.6M | ||
| Q2 25 | $-15.3M | $14.6M | ||
| Q1 25 | $-5.6M | $22.4M | ||
| Q4 24 | $-28.2M | $14.3M | ||
| Q3 24 | $-2.0M | $18.6M | ||
| Q2 24 | $-7.9M | $21.0M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | -7.7% | 36.2% | ||
| Q3 25 | 1.8% | 10.0% | ||
| Q2 25 | -12.0% | 22.3% | ||
| Q1 25 | -1.8% | 30.4% | ||
| Q4 24 | -17.4% | 23.0% | ||
| Q3 24 | -1.1% | 26.1% | ||
| Q2 24 | -7.7% | 27.7% |
| Q1 26 | — | 26.6% | ||
| Q4 25 | -8.8% | 28.5% | ||
| Q3 25 | 1.0% | 7.9% | ||
| Q2 25 | -14.9% | 17.5% | ||
| Q1 25 | -2.3% | 23.8% | ||
| Q4 24 | -22.2% | 18.2% | ||
| Q3 24 | -1.4% | 20.5% | ||
| Q2 24 | -6.7% | 21.8% |
| Q1 26 | — | $0.89 | ||
| Q4 25 | $-0.29 | $0.95 | ||
| Q3 25 | $0.04 | $0.27 | ||
| Q2 25 | $-0.45 | $0.47 | ||
| Q1 25 | $-0.17 | $0.71 | ||
| Q4 24 | $-0.84 | $0.45 | ||
| Q3 24 | $-0.06 | $0.60 | ||
| Q2 24 | $-0.24 | $0.67 |
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 | $1.3B |
| Total Assets | $468.0M | $10.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $8.2M | $424.2M | ||
| Q3 25 | $5.7M | $626.9M | ||
| Q2 25 | $8.6M | $334.1M | ||
| Q1 25 | $3.3M | $486.2M | ||
| Q4 24 | $9.3M | $470.2M | ||
| Q3 24 | $9.8M | $321.2M | ||
| Q2 24 | $6.8M | $288.1M |
| Q1 26 | — | $1.3B | ||
| Q4 25 | $160.6M | $1.2B | ||
| Q3 25 | $170.0M | $1.2B | ||
| Q2 25 | $167.9M | $1.2B | ||
| Q1 25 | $182.7M | $1.2B | ||
| Q4 24 | $188.1M | $1.1B | ||
| Q3 24 | $215.7M | $1.1B | ||
| Q2 24 | $218.4M | $1.1B |
| Q1 26 | — | $10.2B | ||
| Q4 25 | $468.0M | $9.7B | ||
| Q3 25 | $433.8M | $9.8B | ||
| Q2 25 | $463.7M | $9.7B | ||
| Q1 25 | $452.4M | $9.8B | ||
| Q4 24 | $533.1M | $9.7B | ||
| Q3 24 | $488.6M | $10.0B | ||
| Q2 24 | $471.4M | $9.9B |
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 | — |
| Free Cash FlowOCF − Capex | $-8.9M | — |
| FCF MarginFCF / Revenue | -7.8% | — |
| Capex IntensityCapex / Revenue | 2.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-6.7M | $158.9M | ||
| Q3 25 | $32.0M | $59.3M | ||
| Q2 25 | $-56.5M | $20.6M | ||
| Q1 25 | $41.2M | $35.6M | ||
| Q4 24 | $-41.1M | $108.5M | ||
| Q3 24 | $16.6M | $39.6M | ||
| Q2 24 | $-33.7M | $11.9M |
| Q1 26 | — | — | ||
| Q4 25 | $-8.9M | $151.1M | ||
| Q3 25 | $29.8M | $56.8M | ||
| Q2 25 | $-57.8M | $19.6M | ||
| Q1 25 | $38.7M | $34.8M | ||
| Q4 24 | $-43.7M | $86.4M | ||
| Q3 24 | $15.0M | $32.2M | ||
| Q2 24 | $-35.2M | $6.5M |
| Q1 26 | — | — | ||
| Q4 25 | -7.8% | 146.0% | ||
| Q3 25 | 22.6% | 51.7% | ||
| Q2 25 | -56.3% | 23.5% | ||
| Q1 25 | 16.0% | 37.0% | ||
| Q4 24 | -34.4% | 110.3% | ||
| Q3 24 | 10.6% | 35.5% | ||
| Q2 24 | -30.2% | 6.8% |
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 7.6% | ||
| Q3 25 | 1.7% | 2.3% | ||
| Q2 25 | 1.3% | 1.2% | ||
| Q1 25 | 1.0% | 0.8% | ||
| Q4 24 | 2.1% | 28.1% | ||
| Q3 24 | 1.2% | 8.1% | ||
| Q2 24 | 1.3% | 5.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.38× | ||
| Q3 25 | 25.40× | 6.88× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | — | 7.60× | ||
| Q3 24 | — | 2.13× | ||
| Q2 24 | — | 0.57× |
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% |
OBK
| Net Interest Income | $87.2M | 84% |
| Noninterest Income | $16.8M | 16% |
