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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and Third Coast Bancshares, Inc. (TCBX). Click either name above to swap in a different company.
DULUTH HOLDINGS INC. is the larger business by last-quarter revenue ($114.9M vs $57.7M, roughly 2.0× Third Coast Bancshares, Inc.). Third Coast Bancshares, Inc. runs the higher net margin — 28.4% vs -8.8%, a 37.2% gap on every dollar of revenue. Over the past eight quarters, Third Coast Bancshares, Inc.'s revenue compounded faster (17.5% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
Third Coast Bancshares, Inc. is a regional financial holding company headquartered in the U.S. Gulf Coast region. It provides a full suite of commercial and retail banking services including deposit products, business and consumer loans, mortgage services, and wealth management solutions, serving local small and medium-sized enterprises, individual consumers, and community clients across Texas and surrounding areas.
DLTH vs TCBX — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $57.7M |
| Net Profit | $-10.1M | $16.4M |
| Gross Margin | 53.8% | — |
| Operating Margin | -7.7% | — |
| Net Margin | -8.8% | 28.4% |
| Revenue YoY | -9.6% | — |
| Net Profit YoY | 64.6% | 20.5% |
| EPS (diluted) | $-0.29 | $0.88 |
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 | — | $57.7M | ||
| Q4 25 | $114.9M | $56.5M | ||
| Q3 25 | $131.7M | $54.5M | ||
| Q2 25 | $102.7M | $52.0M | ||
| Q1 25 | $241.3M | $45.9M | ||
| Q4 24 | $127.1M | $46.3M | ||
| Q3 24 | $141.6M | $42.9M | ||
| Q2 24 | $116.7M | $41.7M |
| Q1 26 | — | $16.4M | ||
| Q4 25 | $-10.1M | $17.9M | ||
| Q3 25 | $1.3M | $18.1M | ||
| Q2 25 | $-15.3M | $16.7M | ||
| Q1 25 | $-5.6M | $13.6M | ||
| Q4 24 | $-28.2M | $13.7M | ||
| Q3 24 | $-2.0M | $12.8M | ||
| Q2 24 | $-7.9M | $10.8M |
| 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% | 38.1% | ||
| Q3 25 | 1.8% | 41.9% | ||
| Q2 25 | -12.0% | 40.5% | ||
| Q1 25 | -1.8% | 37.8% | ||
| Q4 24 | -17.4% | 38.7% | ||
| Q3 24 | -1.1% | 37.9% | ||
| Q2 24 | -7.7% | 34.1% |
| Q1 26 | — | 28.4% | ||
| Q4 25 | -8.8% | 31.7% | ||
| Q3 25 | 1.0% | 33.1% | ||
| Q2 25 | -14.9% | 32.2% | ||
| Q1 25 | -2.3% | 29.6% | ||
| Q4 24 | -22.2% | 29.7% | ||
| Q3 24 | -1.4% | 29.8% | ||
| Q2 24 | -6.7% | 25.9% |
| Q1 26 | — | $0.88 | ||
| Q4 25 | $-0.29 | $1.02 | ||
| Q3 25 | $0.04 | $1.03 | ||
| Q2 25 | $-0.45 | $0.96 | ||
| Q1 25 | $-0.17 | $0.78 | ||
| Q4 24 | $-0.84 | $0.80 | ||
| Q3 24 | $-0.06 | $0.74 | ||
| Q2 24 | $-0.24 | $0.63 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $160.6M | $650.5M |
| Total Assets | $468.0M | $6.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $8.2M | $175.2M | ||
| Q3 25 | $5.7M | $116.4M | ||
| Q2 25 | $8.6M | $113.1M | ||
| Q1 25 | $3.3M | $219.0M | ||
| Q4 24 | $9.3M | $371.2M | ||
| Q3 24 | $9.8M | $258.2M | ||
| Q2 24 | $6.8M | $241.8M |
| Q1 26 | — | $650.5M | ||
| Q4 25 | $160.6M | $531.0M | ||
| Q3 25 | $170.0M | $513.8M | ||
| Q2 25 | $167.9M | $496.1M | ||
| Q1 25 | $182.7M | $479.8M | ||
| Q4 24 | $188.1M | $460.7M | ||
| Q3 24 | $215.7M | $450.5M | ||
| Q2 24 | $218.4M | $435.0M |
| Q1 26 | — | $6.6B | ||
| Q4 25 | $468.0M | $5.3B | ||
| Q3 25 | $433.8M | $5.1B | ||
| Q2 25 | $463.7M | $4.9B | ||
| Q1 25 | $452.4M | $4.9B | ||
| Q4 24 | $533.1M | $4.9B | ||
| Q3 24 | $488.6M | $4.6B | ||
| Q2 24 | $471.4M | $4.5B |
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 | $50.8M | ||
| Q3 25 | $32.0M | $20.7M | ||
| Q2 25 | $-56.5M | $13.9M | ||
| Q1 25 | $41.2M | $10.5M | ||
| Q4 24 | $-41.1M | $35.1M | ||
| Q3 24 | $16.6M | $22.0M | ||
| Q2 24 | $-33.7M | $7.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-8.9M | — | ||
| Q3 25 | $29.8M | — | ||
| Q2 25 | $-57.8M | — | ||
| Q1 25 | $38.7M | — | ||
| Q4 24 | $-43.7M | $33.4M | ||
| 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% | 72.1% | ||
| 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% | 3.8% | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 1.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.84× | ||
| Q3 25 | 25.40× | 1.15× | ||
| Q2 25 | — | 0.83× | ||
| Q1 25 | — | 0.77× | ||
| Q4 24 | — | 2.56× | ||
| Q3 24 | — | 1.72× | ||
| Q2 24 | — | 0.68× |
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% |
TCBX
| Net Interest Income | $53.6M | 93% |
| Noninterest Income | $4.0M | 7% |
