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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and OppFi Inc. (OPFI). Click either name above to swap in a different company.
DULUTH HOLDINGS INC. is the larger business by last-quarter revenue ($114.9M vs $85.6M, roughly 1.3× OppFi Inc.). OppFi Inc. runs the higher net margin — 19.7% vs -8.8%, a 28.5% gap on every dollar of revenue. On growth, OppFi Inc. posted the faster year-over-year revenue change (5.9% vs -9.6%). OppFi Inc. produced more free cash flow last quarter ($382.2M vs $-8.9M). Over the past eight quarters, OppFi Inc.'s revenue compounded faster (16.3% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
OppFi Inc. is a US-headquartered financial technology firm that provides responsible, accessible financial solutions including installment loans, credit-building tools and related support services to consumers underserved by traditional banking institutions, prioritizing fair terms to help users boost their long-term financial wellness.
DLTH vs OPFI — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $85.6M |
| Net Profit | $-10.1M | $16.8M |
| Gross Margin | 53.8% | — |
| Operating Margin | -7.7% | 36.1% |
| Net Margin | -8.8% | 19.7% |
| Revenue YoY | -9.6% | 5.9% |
| Net Profit YoY | 64.6% | 400.3% |
| EPS (diluted) | $-0.29 | $1.48 |
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 | $85.6M | ||
| Q3 25 | $131.7M | $104.6M | ||
| Q2 25 | $102.7M | $100.2M | ||
| Q1 25 | $241.3M | $90.8M | ||
| Q4 24 | $127.1M | $80.8M | ||
| Q3 24 | $141.6M | $91.2M | ||
| Q2 24 | $116.7M | $86.3M | ||
| Q1 24 | $245.6M | $63.2M |
| Q4 25 | $-10.1M | $16.8M | ||
| Q3 25 | $1.3M | $41.6M | ||
| Q2 25 | $-15.3M | $-20.8M | ||
| Q1 25 | $-5.6M | $-11.4M | ||
| Q4 24 | $-28.2M | $-5.6M | ||
| Q3 24 | $-2.0M | $4.3M | ||
| Q2 24 | $-7.9M | $3.1M | ||
| Q1 24 | $6.4M | $5.5M |
| 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% | 36.1% | ||
| Q3 25 | 1.8% | 46.3% | ||
| Q2 25 | -12.0% | 44.7% | ||
| Q1 25 | -1.8% | 46.8% | ||
| Q4 24 | -17.4% | 30.5% | ||
| Q3 24 | -1.1% | 38.5% | ||
| Q2 24 | -7.7% | 34.2% | ||
| Q1 24 | 3.6% | 8.4% |
| Q4 25 | -8.8% | 19.7% | ||
| Q3 25 | 1.0% | 39.8% | ||
| Q2 25 | -14.9% | -20.7% | ||
| Q1 25 | -2.3% | -12.5% | ||
| Q4 24 | -22.2% | -6.9% | ||
| Q3 24 | -1.4% | 4.7% | ||
| Q2 24 | -6.7% | 3.6% | ||
| Q1 24 | 2.6% | 8.8% |
| Q4 25 | $-0.29 | $1.48 | ||
| Q3 25 | $0.04 | $0.77 | ||
| Q2 25 | $-0.45 | $-0.78 | ||
| Q1 25 | $-0.17 | $-0.48 | ||
| Q4 24 | $-0.84 | $-0.11 | ||
| Q3 24 | $-0.06 | $0.21 | ||
| Q2 24 | $-0.24 | $0.16 | ||
| Q1 24 | $0.20 | $0.10 |
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 | $49.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $160.6M | $58.5M |
| Total Assets | $468.0M | $754.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $49.5M | ||
| Q3 25 | $5.7M | $45.5M | ||
| Q2 25 | $8.6M | $45.2M | ||
| Q1 25 | $3.3M | $58.0M | ||
| Q4 24 | $9.3M | $61.3M | ||
| Q3 24 | $9.8M | $44.8M | ||
| Q2 24 | $6.8M | $46.6M | ||
| Q1 24 | $32.2M | $47.2M |
| Q4 25 | $160.6M | $58.5M | ||
| Q3 25 | $170.0M | $49.4M | ||
| Q2 25 | $167.9M | $13.4M | ||
| Q1 25 | $182.7M | $22.6M | ||
| Q4 24 | $188.1M | $32.8M | ||
| Q3 24 | $215.7M | $34.9M | ||
| Q2 24 | $218.4M | $18.6M | ||
| Q1 24 | $222.8M | $18.2M |
| Q4 25 | $468.0M | $754.1M | ||
| Q3 25 | $433.8M | $720.6M | ||
| Q2 25 | $463.7M | $673.4M | ||
| Q1 25 | $452.4M | $640.1M | ||
| Q4 24 | $533.1M | $641.2M | ||
| Q3 24 | $488.6M | $619.3M | ||
| Q2 24 | $471.4M | $573.1M | ||
| Q1 24 | $491.2M | $563.2M |
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 | $401.3M |
| Free Cash FlowOCF − Capex | $-8.9M | $382.2M |
| FCF MarginFCF / Revenue | -7.8% | 446.6% |
| Capex IntensityCapex / Revenue | 2.0% | 22.3% |
| Cash ConversionOCF / Net Profit | — | 23.82× |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $652.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.7M | $401.3M | ||
| Q3 25 | $32.0M | $105.1M | ||
| Q2 25 | $-56.5M | $95.6M | ||
| Q1 25 | $41.2M | $83.7M | ||
| Q4 24 | $-41.1M | $323.8M | ||
| Q3 24 | $16.6M | $77.6M | ||
| Q2 24 | $-33.7M | $77.3M | ||
| Q1 24 | $69.7M | $74.4M |
| Q4 25 | $-8.9M | $382.2M | ||
| Q3 25 | $29.8M | $99.9M | ||
| Q2 25 | $-57.8M | $91.0M | ||
| Q1 25 | $38.7M | $79.3M | ||
| Q4 24 | $-43.7M | $310.8M | ||
| Q3 24 | $15.0M | $73.7M | ||
| Q2 24 | $-35.2M | $74.7M | ||
| Q1 24 | $60.6M | $72.3M |
| Q4 25 | -7.8% | 446.6% | ||
| Q3 25 | 22.6% | 95.6% | ||
| Q2 25 | -56.3% | 90.8% | ||
| Q1 25 | 16.0% | 87.4% | ||
| Q4 24 | -34.4% | 384.6% | ||
| Q3 24 | 10.6% | 80.8% | ||
| Q2 24 | -30.2% | 86.6% | ||
| Q1 24 | 24.7% | 114.4% |
| Q4 25 | 2.0% | 22.3% | ||
| Q3 25 | 1.7% | 5.0% | ||
| Q2 25 | 1.3% | 4.6% | ||
| Q1 25 | 1.0% | 4.8% | ||
| Q4 24 | 2.1% | 16.1% | ||
| Q3 24 | 1.2% | 4.3% | ||
| Q2 24 | 1.3% | 3.0% | ||
| Q1 24 | 3.7% | 3.4% |
| Q4 25 | — | 23.82× | ||
| Q3 25 | 25.40× | 2.52× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.19× | ||
| Q2 24 | — | 25.21× | ||
| Q1 24 | 10.86× | 13.44× |
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% |
OPFI
Segment breakdown not available.
