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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and ServisFirst Bancshares, Inc. (SFBS). Click either name above to swap in a different company.
ServisFirst Bancshares, Inc. is the larger business by last-quarter revenue ($159.0M vs $114.9M, roughly 1.4× DULUTH HOLDINGS INC.). ServisFirst Bancshares, Inc. runs the higher net margin — 52.2% vs -8.8%, a 61.0% gap on every dollar of revenue. Over the past eight quarters, ServisFirst Bancshares, Inc.'s revenue compounded faster (17.7% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
ServisFirst Bancshares, Inc. is a U.S.-based bank holding company operating full-service banking locations primarily across the Southeastern United States. It offers a full suite of commercial banking, consumer banking, wealth management, and mortgage lending services to small and medium-sized businesses, professional clients, and individual consumers.
DLTH vs SFBS — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $159.0M |
| Net Profit | $-10.1M | $83.0M |
| Gross Margin | 53.8% | — |
| Operating Margin | -7.7% | — |
| Net Margin | -8.8% | 52.2% |
| Revenue YoY | -9.6% | — |
| Net Profit YoY | 64.6% | 31.2% |
| EPS (diluted) | $-0.29 | $1.52 |
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 | — | $159.0M | ||
| Q4 25 | $114.9M | $162.2M | ||
| Q3 25 | $131.7M | $136.3M | ||
| Q2 25 | $102.7M | $132.1M | ||
| Q1 25 | $241.3M | $131.8M | ||
| Q4 24 | $127.1M | $131.9M | ||
| Q3 24 | $141.6M | $123.7M | ||
| Q2 24 | $116.7M | $114.8M |
| Q1 26 | — | $83.0M | ||
| Q4 25 | $-10.1M | $86.4M | ||
| Q3 25 | $1.3M | $65.6M | ||
| Q2 25 | $-15.3M | $61.4M | ||
| Q1 25 | $-5.6M | $63.2M | ||
| Q4 24 | $-28.2M | $65.2M | ||
| Q3 24 | $-2.0M | $59.9M | ||
| Q2 24 | $-7.9M | $52.1M |
| 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% | 66.3% | ||
| Q3 25 | 1.8% | 57.8% | ||
| Q2 25 | -12.0% | 58.0% | ||
| Q1 25 | -1.8% | 60.0% | ||
| Q4 24 | -17.4% | 60.2% | ||
| Q3 24 | -1.1% | 58.5% | ||
| Q2 24 | -7.7% | 58.0% |
| Q1 26 | — | 52.2% | ||
| Q4 25 | -8.8% | 59.0% | ||
| Q3 25 | 1.0% | 48.1% | ||
| Q2 25 | -14.9% | 46.5% | ||
| Q1 25 | -2.3% | 48.0% | ||
| Q4 24 | -22.2% | 52.9% | ||
| Q3 24 | -1.4% | 48.4% | ||
| Q2 24 | -6.7% | 45.4% |
| Q1 26 | — | $1.52 | ||
| Q4 25 | $-0.29 | $1.58 | ||
| Q3 25 | $0.04 | $1.20 | ||
| Q2 25 | $-0.45 | $1.12 | ||
| Q1 25 | $-0.17 | $1.16 | ||
| Q4 24 | $-0.84 | $1.19 | ||
| Q3 24 | $-0.06 | $1.10 | ||
| Q2 24 | $-0.24 | $0.95 |
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 | $1.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $160.6M | $1.9B |
| Total Assets | $468.0M | $18.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.8B | ||
| Q4 25 | $8.2M | — | ||
| Q3 25 | $5.7M | — | ||
| Q2 25 | $8.6M | — | ||
| Q1 25 | $3.3M | — | ||
| Q4 24 | $9.3M | — | ||
| Q3 24 | $9.8M | — | ||
| Q2 24 | $6.8M | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $160.6M | $1.8B | ||
| Q3 25 | $170.0M | $1.8B | ||
| Q2 25 | $167.9M | $1.7B | ||
| Q1 25 | $182.7M | $1.7B | ||
| Q4 24 | $188.1M | $1.6B | ||
| Q3 24 | $215.7M | $1.6B | ||
| Q2 24 | $218.4M | $1.5B |
| Q1 26 | — | $18.2B | ||
| Q4 25 | $468.0M | $17.7B | ||
| Q3 25 | $433.8M | $17.6B | ||
| Q2 25 | $463.7M | $17.4B | ||
| Q1 25 | $452.4M | $18.6B | ||
| Q4 24 | $533.1M | $17.4B | ||
| Q3 24 | $488.6M | $16.4B | ||
| Q2 24 | $471.4M | $16.0B |
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 | $355.2M | ||
| Q3 25 | $32.0M | $140.9M | ||
| Q2 25 | $-56.5M | $67.6M | ||
| Q1 25 | $41.2M | $48.0M | ||
| Q4 24 | $-41.1M | $252.9M | ||
| Q3 24 | $16.6M | $84.0M | ||
| Q2 24 | $-33.7M | $48.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-8.9M | — | ||
| Q3 25 | $29.8M | — | ||
| Q2 25 | $-57.8M | — | ||
| Q1 25 | $38.7M | — | ||
| Q4 24 | $-43.7M | — | ||
| Q3 24 | $15.0M | — | ||
| Q2 24 | $-35.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | -7.8% | — | ||
| Q3 25 | 22.6% | — | ||
| Q2 25 | -56.3% | — | ||
| Q1 25 | 16.0% | — | ||
| Q4 24 | -34.4% | — | ||
| Q3 24 | 10.6% | — | ||
| Q2 24 | -30.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | — | ||
| Q3 25 | 1.7% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 1.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.11× | ||
| Q3 25 | 25.40× | 2.15× | ||
| Q2 25 | — | 1.10× | ||
| Q1 25 | — | 0.76× | ||
| Q4 24 | — | 3.88× | ||
| Q3 24 | — | 1.40× | ||
| Q2 24 | — | 0.93× |
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% |
SFBS
| Net Interest Income | $148.1M | 93% |
| Noninterest Income | $10.8M | 7% |
