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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and STAG Industrial, Inc. (STAG). Click either name above to swap in a different company.
STAG Industrial, Inc. is the larger business by last-quarter revenue ($224.2M vs $114.9M, roughly 2.0× DULUTH HOLDINGS INC.). STAG Industrial, Inc. runs the higher net margin — 27.6% vs -8.8%, a 36.4% gap on every dollar of revenue. On growth, STAG Industrial, Inc. posted the faster year-over-year revenue change (9.1% vs -9.6%). Over the past eight quarters, STAG Industrial, Inc.'s revenue compounded faster (8.7% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
Stag Arms is a firearms manufacturer founded in May 2003 and located in Cheyenne, Wyoming. Stag Arms is a manufacturer of the AR-15 type rifle, marketed as Stag-15 rifles. Stag advertises that all their weapons and accessories are made in the United States. They are best known for their left-handed AR-15 rifles, which use a mirror imaged upper receiver and have the ejection port reversed for left-handed shooters and the safety selector control on the right side of the lower receiver.
DLTH vs STAG — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $224.2M |
| Net Profit | $-10.1M | $62.0M |
| Gross Margin | 53.8% | — |
| Operating Margin | -7.7% | — |
| Net Margin | -8.8% | 27.6% |
| Revenue YoY | -9.6% | 9.1% |
| Net Profit YoY | 64.6% | — |
| EPS (diluted) | $-0.29 | $0.32 |
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 | — | $224.2M | ||
| Q4 25 | $114.9M | $220.9M | ||
| Q3 25 | $131.7M | $211.1M | ||
| Q2 25 | $102.7M | $207.6M | ||
| Q1 25 | $241.3M | $205.6M | ||
| Q4 24 | $127.1M | $199.3M | ||
| Q3 24 | $141.6M | $190.7M | ||
| Q2 24 | $116.7M | $189.8M |
| Q1 26 | — | $62.0M | ||
| Q4 25 | $-10.1M | $83.5M | ||
| Q3 25 | $1.3M | $48.6M | ||
| Q2 25 | $-15.3M | $50.0M | ||
| Q1 25 | $-5.6M | $91.4M | ||
| Q4 24 | $-28.2M | $51.0M | ||
| Q3 24 | $-2.0M | $41.9M | ||
| Q2 24 | $-7.9M | $59.8M |
| 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% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | -12.0% | — | ||
| Q1 25 | -1.8% | — | ||
| Q4 24 | -17.4% | — | ||
| Q3 24 | -1.1% | — | ||
| Q2 24 | -7.7% | — |
| Q1 26 | — | 27.6% | ||
| Q4 25 | -8.8% | 37.8% | ||
| Q3 25 | 1.0% | 23.0% | ||
| Q2 25 | -14.9% | 24.1% | ||
| Q1 25 | -2.3% | 44.5% | ||
| Q4 24 | -22.2% | 25.6% | ||
| Q3 24 | -1.4% | 21.9% | ||
| Q2 24 | -6.7% | 31.5% |
| Q1 26 | — | $0.32 | ||
| Q4 25 | $-0.29 | — | ||
| Q3 25 | $0.04 | — | ||
| Q2 25 | $-0.45 | — | ||
| Q1 25 | $-0.17 | — | ||
| Q4 24 | $-0.84 | — | ||
| Q3 24 | $-0.06 | — | ||
| Q2 24 | $-0.24 | — |
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 | $8.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $160.6M | $3.6B |
| Total Assets | $468.0M | $7.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $8.9M | ||
| Q4 25 | $8.2M | $14.9M | ||
| Q3 25 | $5.7M | $17.3M | ||
| Q2 25 | $8.6M | $15.4M | ||
| Q1 25 | $3.3M | $9.3M | ||
| Q4 24 | $9.3M | $36.3M | ||
| Q3 24 | $9.8M | $70.0M | ||
| Q2 24 | $6.8M | $33.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.8B |
| Q1 26 | — | $3.6B | ||
| Q4 25 | $160.6M | $3.6B | ||
| Q3 25 | $170.0M | $3.4B | ||
| Q2 25 | $167.9M | $3.4B | ||
| Q1 25 | $182.7M | $3.5B | ||
| Q4 24 | $188.1M | $3.5B | ||
| Q3 24 | $215.7M | $3.3B | ||
| Q2 24 | $218.4M | $3.3B |
| Q1 26 | — | $7.2B | ||
| Q4 25 | $468.0M | $7.2B | ||
| Q3 25 | $433.8M | $6.9B | ||
| Q2 25 | $463.7M | $6.8B | ||
| Q1 25 | $452.4M | $6.8B | ||
| Q4 24 | $533.1M | $6.8B | ||
| Q3 24 | $488.6M | $6.6B | ||
| Q2 24 | $471.4M | $6.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.91× | ||
| Q3 25 | — | 0.91× | ||
| Q2 25 | — | 0.88× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | — | 0.89× | ||
| Q2 24 | — | 0.84× |
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% | 3.9% |
| 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 | $104.5M | ||
| Q3 25 | $32.0M | $143.5M | ||
| Q2 25 | $-56.5M | $111.9M | ||
| Q1 25 | $41.2M | $103.5M | ||
| Q4 24 | $-41.1M | $104.9M | ||
| Q3 24 | $16.6M | $128.0M | ||
| Q2 24 | $-33.7M | $122.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-8.9M | $43.8M | ||
| Q3 25 | $29.8M | $95.5M | ||
| Q2 25 | $-57.8M | $62.3M | ||
| Q1 25 | $38.7M | $57.2M | ||
| Q4 24 | $-43.7M | $37.6M | ||
| Q3 24 | $15.0M | $86.7M | ||
| Q2 24 | $-35.2M | $105.0M |
| Q1 26 | — | — | ||
| Q4 25 | -7.8% | 19.8% | ||
| Q3 25 | 22.6% | 45.2% | ||
| Q2 25 | -56.3% | 30.0% | ||
| Q1 25 | 16.0% | 27.8% | ||
| Q4 24 | -34.4% | 18.8% | ||
| Q3 24 | 10.6% | 45.5% | ||
| Q2 24 | -30.2% | 55.3% |
| Q1 26 | — | 3.9% | ||
| Q4 25 | 2.0% | 27.4% | ||
| Q3 25 | 1.7% | 22.7% | ||
| Q2 25 | 1.3% | 23.9% | ||
| Q1 25 | 1.0% | 22.5% | ||
| Q4 24 | 2.1% | 33.8% | ||
| Q3 24 | 1.2% | 21.6% | ||
| Q2 24 | 1.3% | 9.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.25× | ||
| Q3 25 | 25.40× | 2.95× | ||
| Q2 25 | — | 2.24× | ||
| Q1 25 | — | 1.13× | ||
| Q4 24 | — | 2.06× | ||
| Q3 24 | — | 3.06× | ||
| Q2 24 | — | 2.04× |
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% |
STAG
Segment breakdown not available.
