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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and PAMT CORP (PAMT). Click either name above to swap in a different company.
PAMT CORP is the larger business by last-quarter revenue ($141.3M vs $114.9M, roughly 1.2× DULUTH HOLDINGS INC.). DULUTH HOLDINGS INC. runs the higher net margin — -8.8% vs -20.7%, a 11.9% gap on every dollar of revenue. On growth, DULUTH HOLDINGS INC. posted the faster year-over-year revenue change (-9.6% vs -15.1%). DULUTH HOLDINGS INC. produced more free cash flow last quarter ($-8.9M vs $-25.0M). Over the past eight quarters, PAMT CORP's revenue compounded faster (-12.0% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
DLTH vs PAMT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $141.3M |
| Net Profit | $-10.1M | $-29.3M |
| Gross Margin | 53.8% | — |
| Operating Margin | -7.7% | -27.0% |
| Net Margin | -8.8% | -20.7% |
| Revenue YoY | -9.6% | -15.1% |
| Net Profit YoY | 64.6% | 7.4% |
| EPS (diluted) | $-0.29 | $-1.38 |
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 | $141.3M | ||
| Q3 25 | $131.7M | $150.3M | ||
| Q2 25 | $102.7M | $151.1M | ||
| Q1 25 | $241.3M | $155.3M | ||
| Q4 24 | $127.1M | $166.5M | ||
| Q3 24 | $141.6M | $182.6M | ||
| Q2 24 | $116.7M | $182.9M | ||
| Q1 24 | $245.6M | $182.6M |
| Q4 25 | $-10.1M | $-29.3M | ||
| Q3 25 | $1.3M | $-5.6M | ||
| Q2 25 | $-15.3M | $-9.6M | ||
| Q1 25 | $-5.6M | $-8.1M | ||
| Q4 24 | $-28.2M | $-31.6M | ||
| Q3 24 | $-2.0M | $2.4M | ||
| Q2 24 | $-7.9M | $-2.9M | ||
| Q1 24 | $6.4M | $281.0K |
| 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% | -27.0% | ||
| Q3 25 | 1.8% | -3.8% | ||
| Q2 25 | -12.0% | -7.3% | ||
| Q1 25 | -1.8% | -5.9% | ||
| Q4 24 | -17.4% | -22.6% | ||
| Q3 24 | -1.1% | 1.3% | ||
| Q2 24 | -7.7% | -0.4% | ||
| Q1 24 | 3.6% | -0.4% |
| Q4 25 | -8.8% | -20.7% | ||
| Q3 25 | 1.0% | -3.7% | ||
| Q2 25 | -14.9% | -6.4% | ||
| Q1 25 | -2.3% | -5.2% | ||
| Q4 24 | -22.2% | -19.0% | ||
| Q3 24 | -1.4% | 1.3% | ||
| Q2 24 | -6.7% | -1.6% | ||
| Q1 24 | 2.6% | 0.2% |
| Q4 25 | $-0.29 | $-1.38 | ||
| Q3 25 | $0.04 | $-0.27 | ||
| Q2 25 | $-0.45 | $-0.46 | ||
| Q1 25 | $-0.17 | $-0.37 | ||
| Q4 24 | $-0.84 | $-1.44 | ||
| Q3 24 | $-0.06 | $0.11 | ||
| Q2 24 | $-0.24 | $-0.13 | ||
| Q1 24 | $0.20 | $0.01 |
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 | $83.7M |
| Total DebtLower is stronger | — | $333.9M |
| Stockholders' EquityBook value | $160.6M | $210.5M |
| Total Assets | $468.0M | $697.9M |
| Debt / EquityLower = less leverage | — | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $83.7M | ||
| Q3 25 | $5.7M | $115.6M | ||
| Q2 25 | $8.6M | $117.3M | ||
| Q1 25 | $3.3M | $102.7M | ||
| Q4 24 | $9.3M | $110.7M | ||
| Q3 24 | $9.8M | $92.3M | ||
| Q2 24 | $6.8M | $114.0M | ||
| Q1 24 | $32.2M | $125.8M |
| Q4 25 | — | $333.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $325.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $160.6M | $210.5M | ||
| Q3 25 | $170.0M | $239.5M | ||
| Q2 25 | $167.9M | $244.9M | ||
| Q1 25 | $182.7M | $269.6M | ||
| Q4 24 | $188.1M | $277.5M | ||
| Q3 24 | $215.7M | $308.9M | ||
| Q2 24 | $218.4M | $306.7M | ||
| Q1 24 | $222.8M | $314.6M |
| Q4 25 | $468.0M | $697.9M | ||
| Q3 25 | $433.8M | $715.2M | ||
| Q2 25 | $463.7M | $707.9M | ||
| Q1 25 | $452.4M | $712.6M | ||
| Q4 24 | $533.1M | $741.7M | ||
| Q3 24 | $488.6M | $756.7M | ||
| Q2 24 | $471.4M | $733.5M | ||
| Q1 24 | $491.2M | $746.4M |
| Q4 25 | — | 1.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.17× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-5.8M |
| Free Cash FlowOCF − Capex | $-8.9M | $-25.0M |
| FCF MarginFCF / Revenue | -7.8% | -17.7% |
| Capex IntensityCapex / Revenue | 2.0% | 13.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.7M | $-5.8M | ||
| Q3 25 | $32.0M | $5.9M | ||
| Q2 25 | $-56.5M | $12.2M | ||
| Q1 25 | $41.2M | $5.0M | ||
| Q4 24 | $-41.1M | $15.2M | ||
| Q3 24 | $16.6M | $15.5M | ||
| Q2 24 | $-33.7M | $18.7M | ||
| Q1 24 | $69.7M | $9.6M |
| Q4 25 | $-8.9M | $-25.0M | ||
| Q3 25 | $29.8M | $2.5M | ||
| Q2 25 | $-57.8M | $5.9M | ||
| Q1 25 | $38.7M | $-6.8M | ||
| Q4 24 | $-43.7M | $-39.9M | ||
| Q3 24 | $15.0M | $-33.6M | ||
| Q2 24 | $-35.2M | $4.1M | ||
| Q1 24 | $60.6M | $-12.2M |
| Q4 25 | -7.8% | -17.7% | ||
| Q3 25 | 22.6% | 1.7% | ||
| Q2 25 | -56.3% | 3.9% | ||
| Q1 25 | 16.0% | -4.4% | ||
| Q4 24 | -34.4% | -24.0% | ||
| Q3 24 | 10.6% | -18.4% | ||
| Q2 24 | -30.2% | 2.2% | ||
| Q1 24 | 24.7% | -6.7% |
| Q4 25 | 2.0% | 13.6% | ||
| Q3 25 | 1.7% | 2.3% | ||
| Q2 25 | 1.3% | 4.2% | ||
| Q1 25 | 1.0% | 7.6% | ||
| Q4 24 | 2.1% | 33.1% | ||
| Q3 24 | 1.2% | 26.9% | ||
| Q2 24 | 1.3% | 8.0% | ||
| Q1 24 | 3.7% | 12.0% |
| Q4 25 | — | — | ||
| Q3 25 | 25.40× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.44× | ||
| Q2 24 | — | — | ||
| Q1 24 | 10.86× | 34.11× |
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% |
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
