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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and OPKO HEALTH, INC. (OPK). Click either name above to swap in a different company.
OPKO HEALTH, INC. is the larger business by last-quarter revenue ($148.5M vs $114.9M, roughly 1.3× DULUTH HOLDINGS INC.). DULUTH HOLDINGS INC. runs the higher net margin — -8.8% vs -21.1%, a 12.3% gap on every dollar of revenue. On growth, DULUTH HOLDINGS INC. posted the faster year-over-year revenue change (-9.6% vs -19.2%). DULUTH HOLDINGS INC. produced more free cash flow last quarter ($-8.9M vs $-28.6M). Over the past eight quarters, OPKO HEALTH, INC.'s revenue compounded faster (-7.5% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
OPKO Health, Inc. is a medical test and medication company focused on diagnostics and pharmaceuticals. The company is a publicly traded company on NASDAQ and TASE under the symbol "OPK".
DLTH vs OPK — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $148.5M |
| Net Profit | $-10.1M | $-31.3M |
| Gross Margin | 53.8% | 43.1% |
| Operating Margin | -7.7% | -25.8% |
| Net Margin | -8.8% | -21.1% |
| Revenue YoY | -9.6% | -19.2% |
| Net Profit YoY | 64.6% | -322.8% |
| 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 | $148.5M | ||
| Q3 25 | $131.7M | $151.7M | ||
| Q2 25 | $102.7M | $156.8M | ||
| Q1 25 | $241.3M | $150.0M | ||
| Q4 24 | $127.1M | $183.6M | ||
| Q3 24 | $141.6M | $173.6M | ||
| Q2 24 | $116.7M | $182.2M | ||
| Q1 24 | $245.6M | $173.7M |
| Q4 25 | $-10.1M | $-31.3M | ||
| Q3 25 | $1.3M | $21.6M | ||
| Q2 25 | $-15.3M | $-148.4M | ||
| Q1 25 | $-5.6M | $-67.6M | ||
| Q4 24 | $-28.2M | $14.0M | ||
| Q3 24 | $-2.0M | $24.9M | ||
| Q2 24 | $-7.9M | $-10.3M | ||
| Q1 24 | $6.4M | $-81.8M |
| Q4 25 | 53.8% | 43.1% | ||
| Q3 25 | 54.7% | 32.9% | ||
| Q2 25 | 52.0% | 31.5% | ||
| Q1 25 | 44.1% | 28.4% | ||
| Q4 24 | 52.3% | 46.1% | ||
| Q3 24 | 52.3% | 23.1% | ||
| Q2 24 | 52.8% | 28.4% | ||
| Q1 24 | 48.2% | 24.2% |
| Q4 25 | -7.7% | -25.8% | ||
| Q3 25 | 1.8% | 31.7% | ||
| Q2 25 | -12.0% | -38.3% | ||
| Q1 25 | -1.8% | -44.8% | ||
| Q4 24 | -17.4% | -18.0% | ||
| Q3 24 | -1.1% | 8.2% | ||
| Q2 24 | -7.7% | -33.9% | ||
| Q1 24 | 3.6% | -41.2% |
| Q4 25 | -8.8% | -21.1% | ||
| Q3 25 | 1.0% | 14.3% | ||
| Q2 25 | -14.9% | -94.7% | ||
| Q1 25 | -2.3% | -45.1% | ||
| Q4 24 | -22.2% | 7.6% | ||
| Q3 24 | -1.4% | 14.3% | ||
| Q2 24 | -6.7% | -5.7% | ||
| Q1 24 | 2.6% | -47.1% |
| Q4 25 | $-0.29 | $-0.04 | ||
| Q3 25 | $0.04 | $0.03 | ||
| Q2 25 | $-0.45 | $-0.19 | ||
| Q1 25 | $-0.17 | $-0.10 | ||
| Q4 24 | $-0.84 | $0.02 | ||
| Q3 24 | $-0.06 | $0.03 | ||
| Q2 24 | $-0.24 | $-0.01 | ||
| Q1 24 | $0.20 | $-0.12 |
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 | $364.4M |
| Total DebtLower is stronger | — | $344.0M |
| Stockholders' EquityBook value | $160.6M | $1.3B |
| Total Assets | $468.0M | $1.9B |
| Debt / EquityLower = less leverage | — | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $364.4M | ||
| Q3 25 | $5.7M | $412.0M | ||
| Q2 25 | $8.6M | $267.3M | ||
| Q1 25 | $3.3M | $428.8M | ||
| Q4 24 | $9.3M | $426.6M | ||
| Q3 24 | $9.8M | $400.1M | ||
| Q2 24 | $6.8M | $40.6M | ||
| Q1 24 | $32.2M | $75.6M |
| Q4 25 | — | $344.0M | ||
| Q3 25 | — | $344.2M | ||
| Q2 25 | — | $343.3M | ||
| Q1 25 | — | $439.2M | ||
| Q4 24 | — | $437.2M | ||
| Q3 24 | — | $441.0M | ||
| Q2 24 | — | $201.9M | ||
| Q1 24 | — | $350.1M |
| Q4 25 | $160.6M | $1.3B | ||
| Q3 25 | $170.0M | $1.3B | ||
| Q2 25 | $167.9M | $1.3B | ||
| Q1 25 | $182.7M | $1.3B | ||
| Q4 24 | $188.1M | $1.4B | ||
| Q3 24 | $215.7M | $1.4B | ||
| Q2 24 | $218.4M | $1.4B | ||
| Q1 24 | $222.8M | $1.3B |
| Q4 25 | $468.0M | $1.9B | ||
| Q3 25 | $433.8M | $2.0B | ||
| Q2 25 | $463.7M | $2.0B | ||
| Q1 25 | $452.4M | $2.1B | ||
| Q4 24 | $533.1M | $2.2B | ||
| Q3 24 | $488.6M | $2.3B | ||
| Q2 24 | $471.4M | $2.0B | ||
| Q1 24 | $491.2M | $2.0B |
| Q4 25 | — | 0.27× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.31× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.28× |
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 | $-25.9M |
| Free Cash FlowOCF − Capex | $-8.9M | $-28.6M |
| FCF MarginFCF / Revenue | -7.8% | -19.3% |
| Capex IntensityCapex / Revenue | 2.0% | 1.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $-190.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.7M | $-25.9M | ||
| Q3 25 | $32.0M | $-34.6M | ||
| Q2 25 | $-56.5M | $-83.4M | ||
| Q1 25 | $41.2M | $-34.6M | ||
| Q4 24 | $-41.1M | $-44.4M | ||
| Q3 24 | $16.6M | $-77.1M | ||
| Q2 24 | $-33.7M | $-26.4M | ||
| Q1 24 | $69.7M | $-35.6M |
| Q4 25 | $-8.9M | $-28.6M | ||
| Q3 25 | $29.8M | $-37.8M | ||
| Q2 25 | $-57.8M | $-86.7M | ||
| Q1 25 | $38.7M | $-37.7M | ||
| Q4 24 | $-43.7M | $-49.8M | ||
| Q3 24 | $15.0M | $-85.0M | ||
| Q2 24 | $-35.2M | $-33.7M | ||
| Q1 24 | $60.6M | $-40.0M |
| Q4 25 | -7.8% | -19.3% | ||
| Q3 25 | 22.6% | -24.9% | ||
| Q2 25 | -56.3% | -55.3% | ||
| Q1 25 | 16.0% | -25.2% | ||
| Q4 24 | -34.4% | -27.1% | ||
| Q3 24 | 10.6% | -49.0% | ||
| Q2 24 | -30.2% | -18.5% | ||
| Q1 24 | 24.7% | -23.0% |
| Q4 25 | 2.0% | 1.8% | ||
| Q3 25 | 1.7% | 2.1% | ||
| Q2 25 | 1.3% | 2.1% | ||
| Q1 25 | 1.0% | 2.1% | ||
| Q4 24 | 2.1% | 2.9% | ||
| Q3 24 | 1.2% | 4.6% | ||
| Q2 24 | 1.3% | 4.0% | ||
| Q1 24 | 3.7% | 2.6% |
| Q4 25 | — | — | ||
| Q3 25 | 25.40× | -1.60× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -3.17× | ||
| Q3 24 | — | -3.10× | ||
| Q2 24 | — | — | ||
| 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% |
OPK
| Services | $71.1M | 48% |
| Transfer Of Intellectual Property And Other | $33.7M | 23% |
| IE | $22.1M | 15% |
| Rayaldee | $8.8M | 6% |
| Barda Agreement | $6.8M | 5% |
| MX | $6.3M | 4% |
