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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
DULUTH HOLDINGS INC. is the larger business by last-quarter revenue ($114.9M vs $103.6M, roughly 1.1× TACTILE SYSTEMS TECHNOLOGY INC). TACTILE SYSTEMS TECHNOLOGY INC runs the higher net margin — 10.3% vs -8.8%, a 19.1% gap on every dollar of revenue. On growth, TACTILE SYSTEMS TECHNOLOGY INC posted the faster year-over-year revenue change (21.0% vs -9.6%). TACTILE SYSTEMS TECHNOLOGY INC produced more free cash flow last quarter ($16.8M vs $-8.9M). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
DLTH vs TCMD — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $103.6M |
| Net Profit | $-10.1M | $10.6M |
| Gross Margin | 53.8% | 78.2% |
| Operating Margin | -7.7% | 18.1% |
| Net Margin | -8.8% | 10.3% |
| Revenue YoY | -9.6% | 21.0% |
| Net Profit YoY | 64.6% | 9.4% |
| EPS (diluted) | $-0.29 | $0.45 |
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 | $103.6M | ||
| Q3 25 | $131.7M | $85.8M | ||
| Q2 25 | $102.7M | $78.9M | ||
| Q1 25 | $241.3M | $61.3M | ||
| Q4 24 | $127.1M | $85.6M | ||
| Q3 24 | $141.6M | $73.1M | ||
| Q2 24 | $116.7M | $73.2M | ||
| Q1 24 | $245.6M | $61.1M |
| Q4 25 | $-10.1M | $10.6M | ||
| Q3 25 | $1.3M | $8.2M | ||
| Q2 25 | $-15.3M | $3.2M | ||
| Q1 25 | $-5.6M | $-3.0M | ||
| Q4 24 | $-28.2M | $9.7M | ||
| Q3 24 | $-2.0M | $5.2M | ||
| Q2 24 | $-7.9M | $4.3M | ||
| Q1 24 | $6.4M | $-2.2M |
| Q4 25 | 53.8% | 78.2% | ||
| Q3 25 | 54.7% | 75.8% | ||
| Q2 25 | 52.0% | 74.5% | ||
| Q1 25 | 44.1% | 74.0% | ||
| Q4 24 | 52.3% | 75.2% | ||
| Q3 24 | 52.3% | 75.0% | ||
| Q2 24 | 52.8% | 73.9% | ||
| Q1 24 | 48.2% | 71.1% |
| Q4 25 | -7.7% | 18.1% | ||
| Q3 25 | 1.8% | 12.8% | ||
| Q2 25 | -12.0% | 5.2% | ||
| Q1 25 | -1.8% | -7.4% | ||
| Q4 24 | -17.4% | 14.6% | ||
| Q3 24 | -1.1% | 9.3% | ||
| Q2 24 | -7.7% | 8.0% | ||
| Q1 24 | 3.6% | -4.9% |
| Q4 25 | -8.8% | 10.3% | ||
| Q3 25 | 1.0% | 9.6% | ||
| Q2 25 | -14.9% | 4.1% | ||
| Q1 25 | -2.3% | -4.9% | ||
| Q4 24 | -22.2% | 11.4% | ||
| Q3 24 | -1.4% | 7.1% | ||
| Q2 24 | -6.7% | 5.9% | ||
| Q1 24 | 2.6% | -3.6% |
| Q4 25 | $-0.29 | $0.45 | ||
| Q3 25 | $0.04 | $0.36 | ||
| Q2 25 | $-0.45 | $0.14 | ||
| Q1 25 | $-0.17 | $-0.13 | ||
| Q4 24 | $-0.84 | $0.40 | ||
| Q3 24 | $-0.06 | $0.21 | ||
| Q2 24 | $-0.24 | $0.18 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $8.2M | $83.4M |
| Total DebtLower is stronger | — | $0 |
| Stockholders' EquityBook value | $160.6M | $218.9M |
| Total Assets | $468.0M | $273.9M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $83.4M | ||
| Q3 25 | $5.7M | $66.0M | ||
| Q2 25 | $8.6M | $81.5M | ||
| Q1 25 | $3.3M | $83.6M | ||
| Q4 24 | $9.3M | $94.4M | ||
| Q3 24 | $9.8M | $82.1M | ||
| Q2 24 | $6.8M | $73.6M | ||
| Q1 24 | $32.2M | $60.7M |
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $27.0M | ||
| Q2 24 | — | $27.8M | ||
| Q1 24 | — | $28.5M |
| Q4 25 | $160.6M | $218.9M | ||
| Q3 25 | $170.0M | $204.9M | ||
| Q2 25 | $167.9M | $194.9M | ||
| Q1 25 | $182.7M | $205.6M | ||
| Q4 24 | $188.1M | $216.6M | ||
| Q3 24 | $215.7M | $207.9M | ||
| Q2 24 | $218.4M | $200.7M | ||
| Q1 24 | $222.8M | $193.5M |
| Q4 25 | $468.0M | $273.9M | ||
| Q3 25 | $433.8M | $259.2M | ||
| Q2 25 | $463.7M | $273.0M | ||
| Q1 25 | $452.4M | $280.2M | ||
| Q4 24 | $533.1M | $297.9M | ||
| Q3 24 | $488.6M | $287.7M | ||
| Q2 24 | $471.4M | $278.8M | ||
| Q1 24 | $491.2M | $272.0M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.15× |
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 | $17.3M |
| Free Cash FlowOCF − Capex | $-8.9M | $16.8M |
| FCF MarginFCF / Revenue | -7.8% | 16.2% |
| Capex IntensityCapex / Revenue | 2.0% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.7M | $17.3M | ||
| Q3 25 | $32.0M | $10.3M | ||
| Q2 25 | $-56.5M | $14.8M | ||
| Q1 25 | $41.2M | $417.0K | ||
| Q4 24 | $-41.1M | $16.3M | ||
| Q3 24 | $16.6M | $10.3M | ||
| Q2 24 | $-33.7M | $13.1M | ||
| Q1 24 | $69.7M | $924.0K |
| Q4 25 | $-8.9M | $16.8M | ||
| Q3 25 | $29.8M | $9.2M | ||
| Q2 25 | $-57.8M | $14.4M | ||
| Q1 25 | $38.7M | $38.0K | ||
| Q4 24 | $-43.7M | $15.9M | ||
| Q3 24 | $15.0M | $9.3M | ||
| Q2 24 | $-35.2M | $12.6M | ||
| Q1 24 | $60.6M | $442.0K |
| Q4 25 | -7.8% | 16.2% | ||
| Q3 25 | 22.6% | 10.8% | ||
| Q2 25 | -56.3% | 18.2% | ||
| Q1 25 | 16.0% | 0.1% | ||
| Q4 24 | -34.4% | 18.5% | ||
| Q3 24 | 10.6% | 12.7% | ||
| Q2 24 | -30.2% | 17.3% | ||
| Q1 24 | 24.7% | 0.7% |
| Q4 25 | 2.0% | 0.5% | ||
| Q3 25 | 1.7% | 1.3% | ||
| Q2 25 | 1.3% | 0.5% | ||
| Q1 25 | 1.0% | 0.6% | ||
| Q4 24 | 2.1% | 0.5% | ||
| Q3 24 | 1.2% | 1.3% | ||
| Q2 24 | 1.3% | 0.7% | ||
| Q1 24 | 3.7% | 0.8% |
| Q4 25 | — | 1.63× | ||
| Q3 25 | 25.40× | 1.26× | ||
| Q2 25 | — | 4.59× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | — | 1.99× | ||
| Q2 24 | — | 3.06× | ||
| Q1 24 | 10.86× | — |
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% |
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
