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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and LiveRamp Holdings, Inc. (RAMP). Click either name above to swap in a different company.

LiveRamp Holdings, Inc. is the larger business by last-quarter revenue ($212.2M vs $114.9M, roughly 1.8× DULUTH HOLDINGS INC.). LiveRamp Holdings, Inc. runs the higher net margin — 18.8% vs -8.8%, a 27.6% gap on every dollar of revenue. On growth, LiveRamp Holdings, Inc. posted the faster year-over-year revenue change (8.6% vs -9.6%). Over the past eight quarters, LiveRamp Holdings, Inc.'s revenue compounded faster (11.1% CAGR vs -31.6%).

Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.

LiveRamp Holdings, Inc., is an American SaaS company that offers a data connectivity platform whose services include data onboarding, the transfer of offline data online for marketing purposes.

DLTH vs RAMP — Head-to-Head

Bigger by revenue
RAMP
RAMP
1.8× larger
RAMP
$212.2M
$114.9M
DLTH
Growing faster (revenue YoY)
RAMP
RAMP
+18.2% gap
RAMP
8.6%
-9.6%
DLTH
Higher net margin
RAMP
RAMP
27.6% more per $
RAMP
18.8%
-8.8%
DLTH
Faster 2-yr revenue CAGR
RAMP
RAMP
Annualised
RAMP
11.1%
-31.6%
DLTH

Income Statement — Q3 FY2026 vs Q3 FY2026

Metric
DLTH
DLTH
RAMP
RAMP
Revenue
$114.9M
$212.2M
Net Profit
$-10.1M
$39.9M
Gross Margin
53.8%
71.9%
Operating Margin
-7.7%
18.6%
Net Margin
-8.8%
18.8%
Revenue YoY
-9.6%
8.6%
Net Profit YoY
64.6%
255.7%
EPS (diluted)
$-0.29
$0.62

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.

Revenue
DLTH
DLTH
RAMP
RAMP
Q4 25
$114.9M
$212.2M
Q3 25
$131.7M
$199.8M
Q2 25
$102.7M
$194.8M
Q1 25
$241.3M
$188.7M
Q4 24
$127.1M
$195.4M
Q3 24
$141.6M
$185.5M
Q2 24
$116.7M
$176.0M
Q1 24
$245.6M
$171.9M
Net Profit
DLTH
DLTH
RAMP
RAMP
Q4 25
$-10.1M
$39.9M
Q3 25
$1.3M
$27.4M
Q2 25
$-15.3M
$7.7M
Q1 25
$-5.6M
$-6.3M
Q4 24
$-28.2M
$11.2M
Q3 24
$-2.0M
$1.7M
Q2 24
$-7.9M
$-7.5M
Q1 24
$6.4M
$-5.4M
Gross Margin
DLTH
DLTH
RAMP
RAMP
Q4 25
53.8%
71.9%
Q3 25
54.7%
70.2%
Q2 25
52.0%
70.1%
Q1 25
44.1%
69.3%
Q4 24
52.3%
71.9%
Q3 24
52.3%
72.4%
Q2 24
52.8%
70.6%
Q1 24
48.2%
72.2%
Operating Margin
DLTH
DLTH
RAMP
RAMP
Q4 25
-7.7%
18.6%
Q3 25
1.8%
10.7%
Q2 25
-12.0%
3.7%
Q1 25
-1.8%
-6.1%
Q4 24
-17.4%
7.5%
Q3 24
-1.1%
4.0%
Q2 24
-7.7%
-3.0%
Q1 24
3.6%
-8.3%
Net Margin
DLTH
DLTH
RAMP
RAMP
Q4 25
-8.8%
18.8%
Q3 25
1.0%
13.7%
Q2 25
-14.9%
4.0%
Q1 25
-2.3%
-3.3%
Q4 24
-22.2%
5.7%
Q3 24
-1.4%
0.9%
Q2 24
-6.7%
-4.3%
Q1 24
2.6%
-3.1%
EPS (diluted)
DLTH
DLTH
RAMP
RAMP
Q4 25
$-0.29
$0.62
Q3 25
$0.04
$0.42
Q2 25
$-0.45
$0.12
Q1 25
$-0.17
$-0.10
Q4 24
$-0.84
$0.17
Q3 24
$-0.06
$0.03
Q2 24
$-0.24
$-0.11
Q1 24
$0.20
$-0.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DLTH
DLTH
RAMP
RAMP
Cash + ST InvestmentsLiquidity on hand
$8.2M
$403.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$160.6M
$962.3M
Total Assets
$468.0M
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLTH
DLTH
RAMP
RAMP
Q4 25
$8.2M
$403.4M
Q3 25
$5.7M
$376.9M
Q2 25
$8.6M
$371.1M
Q1 25
$3.3M
$420.8M
Q4 24
$9.3M
$384.3M
Q3 24
$9.8M
$348.4M
Q2 24
$6.8M
$342.7M
Q1 24
$32.2M
$368.9M
Stockholders' Equity
DLTH
DLTH
RAMP
RAMP
Q4 25
$160.6M
$962.3M
Q3 25
$170.0M
$943.8M
Q2 25
$167.9M
$947.8M
Q1 25
$182.7M
$948.9M
Q4 24
$188.1M
$957.7M
Q3 24
$215.7M
$932.1M
Q2 24
$218.4M
$951.9M
Q1 24
$222.8M
$949.1M
Total Assets
DLTH
DLTH
RAMP
RAMP
Q4 25
$468.0M
$1.3B
Q3 25
$433.8M
$1.2B
Q2 25
$463.7M
$1.2B
Q1 25
$452.4M
$1.3B
Q4 24
$533.1M
$1.3B
Q3 24
$488.6M
$1.2B
Q2 24
$471.4M
$1.2B
Q1 24
$491.2M
$1.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DLTH
DLTH
RAMP
RAMP
Operating Cash FlowLast quarter
$-6.7M
Free Cash FlowOCF − Capex
$-8.9M
FCF MarginFCF / Revenue
-7.8%
Capex IntensityCapex / Revenue
2.0%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DLTH
DLTH
RAMP
RAMP
Q4 25
$-6.7M
Q3 25
$32.0M
$57.4M
Q2 25
$-56.5M
$-15.8M
Q1 25
$41.2M
Q4 24
$-41.1M
$45.1M
Q3 24
$16.6M
$55.6M
Q2 24
$-33.7M
$-9.3M
Q1 24
$69.7M
Free Cash Flow
DLTH
DLTH
RAMP
RAMP
Q4 25
$-8.9M
Q3 25
$29.8M
$56.8M
Q2 25
$-57.8M
$-16.2M
Q1 25
$38.7M
Q4 24
$-43.7M
$44.8M
Q3 24
$15.0M
$55.4M
Q2 24
$-35.2M
$-9.6M
Q1 24
$60.6M
FCF Margin
DLTH
DLTH
RAMP
RAMP
Q4 25
-7.8%
Q3 25
22.6%
28.4%
Q2 25
-56.3%
-8.3%
Q1 25
16.0%
Q4 24
-34.4%
22.9%
Q3 24
10.6%
29.8%
Q2 24
-30.2%
-5.4%
Q1 24
24.7%
Capex Intensity
DLTH
DLTH
RAMP
RAMP
Q4 25
2.0%
0.1%
Q3 25
1.7%
0.3%
Q2 25
1.3%
0.2%
Q1 25
1.0%
0.2%
Q4 24
2.1%
0.1%
Q3 24
1.2%
0.1%
Q2 24
1.3%
0.1%
Q1 24
3.7%
1.0%
Cash Conversion
DLTH
DLTH
RAMP
RAMP
Q4 25
Q3 25
25.40×
2.09×
Q2 25
-2.04×
Q1 25
Q4 24
4.02×
Q3 24
32.10×
Q2 24
Q1 24
10.86×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DLTH
DLTH

Sales Channel Directly To Consumer$67.4M59%
Sales Channel Through Intermediary$47.4M41%

RAMP
RAMP

Segment breakdown not available.

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