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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and VIEMED HEALTHCARE, INC. (VMD). Click either name above to swap in a different company.
DULUTH HOLDINGS INC. is the larger business by last-quarter revenue ($114.9M vs $76.2M, roughly 1.5× VIEMED HEALTHCARE, INC.). VIEMED HEALTHCARE, INC. runs the higher net margin — 7.4% vs -8.8%, a 16.2% gap on every dollar of revenue. On growth, VIEMED HEALTHCARE, INC. posted the faster year-over-year revenue change (25.5% vs -9.6%). VIEMED HEALTHCARE, INC. produced more free cash flow last quarter ($9.7M vs $-8.9M). Over the past eight quarters, VIEMED HEALTHCARE, INC.'s revenue compounded faster (22.7% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
Viemed Healthcare, Inc. is a medical technology firm specializing in respiratory care solutions. It develops, manufactures and distributes portable ventilators, respiratory therapy devices and related support services, catering to acute care, post-acute care and home care segments across North America, Europe and key Asia-Pacific markets for patients with respiratory conditions.
DLTH vs VMD — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $76.2M |
| Net Profit | $-10.1M | $5.6M |
| Gross Margin | 53.8% | 57.9% |
| Operating Margin | -7.7% | 11.0% |
| Net Margin | -8.8% | 7.4% |
| Revenue YoY | -9.6% | 25.5% |
| Net Profit YoY | 64.6% | 30.7% |
| EPS (diluted) | $-0.29 | $0.14 |
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 | $76.2M | ||
| Q3 25 | $131.7M | $71.9M | ||
| Q2 25 | $102.7M | $63.1M | ||
| Q1 25 | $241.3M | $59.1M | ||
| Q4 24 | $127.1M | $60.7M | ||
| Q3 24 | $141.6M | $58.0M | ||
| Q2 24 | $116.7M | $55.0M | ||
| Q1 24 | $245.6M | $50.6M |
| Q4 25 | $-10.1M | $5.6M | ||
| Q3 25 | $1.3M | $3.5M | ||
| Q2 25 | $-15.3M | $3.2M | ||
| Q1 25 | $-5.6M | $2.6M | ||
| Q4 24 | $-28.2M | $4.3M | ||
| Q3 24 | $-2.0M | $3.9M | ||
| Q2 24 | $-7.9M | $1.5M | ||
| Q1 24 | $6.4M | $1.6M |
| Q4 25 | 53.8% | 57.9% | ||
| Q3 25 | 54.7% | 57.5% | ||
| Q2 25 | 52.0% | 58.3% | ||
| Q1 25 | 44.1% | 56.3% | ||
| Q4 24 | 52.3% | 59.5% | ||
| Q3 24 | 52.3% | 59.3% | ||
| Q2 24 | 52.8% | 59.8% | ||
| Q1 24 | 48.2% | 58.9% |
| Q4 25 | -7.7% | 11.0% | ||
| Q3 25 | 1.8% | 7.8% | ||
| Q2 25 | -12.0% | 8.1% | ||
| Q1 25 | -1.8% | 6.5% | ||
| Q4 24 | -17.4% | 10.6% | ||
| Q3 24 | -1.1% | 9.7% | ||
| Q2 24 | -7.7% | 6.6% | ||
| Q1 24 | 3.6% | 4.4% |
| Q4 25 | -8.8% | 7.4% | ||
| Q3 25 | 1.0% | 4.9% | ||
| Q2 25 | -14.9% | 5.0% | ||
| Q1 25 | -2.3% | 4.4% | ||
| Q4 24 | -22.2% | 7.1% | ||
| Q3 24 | -1.4% | 6.7% | ||
| Q2 24 | -6.7% | 2.7% | ||
| Q1 24 | 2.6% | 3.2% |
| Q4 25 | $-0.29 | $0.14 | ||
| Q3 25 | $0.04 | $0.09 | ||
| Q2 25 | $-0.45 | $0.08 | ||
| Q1 25 | $-0.17 | $0.06 | ||
| Q4 24 | $-0.84 | $0.10 | ||
| Q3 24 | $-0.06 | $0.10 | ||
| Q2 24 | $-0.24 | $0.04 | ||
| Q1 24 | $0.20 | $0.04 |
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 | $13.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $160.6M | $141.5M |
| Total Assets | $468.0M | $199.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $13.5M | ||
| Q3 25 | $5.7M | $11.1M | ||
| Q2 25 | $8.6M | $20.0M | ||
| Q1 25 | $3.3M | $10.2M | ||
| Q4 24 | $9.3M | $17.5M | ||
| Q3 24 | $9.8M | $11.3M | ||
| Q2 24 | $6.8M | $8.8M | ||
| Q1 24 | $32.2M | $7.3M |
| Q4 25 | $160.6M | $141.5M | ||
| Q3 25 | $170.0M | $133.6M | ||
| Q2 25 | $167.9M | $139.7M | ||
| Q1 25 | $182.7M | $134.8M | ||
| Q4 24 | $188.1M | $131.4M | ||
| Q3 24 | $215.7M | $125.0M | ||
| Q2 24 | $218.4M | $119.4M | ||
| Q1 24 | $222.8M | $116.3M |
| Q4 25 | $468.0M | $199.2M | ||
| Q3 25 | $433.8M | $202.4M | ||
| Q2 25 | $463.7M | $184.6M | ||
| Q1 25 | $452.4M | $178.1M | ||
| Q4 24 | $533.1M | $177.1M | ||
| Q3 24 | $488.6M | $169.5M | ||
| Q2 24 | $471.4M | $163.9M | ||
| Q1 24 | $491.2M | $154.9M |
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 | $18.4M |
| Free Cash FlowOCF − Capex | $-8.9M | $9.7M |
| FCF MarginFCF / Revenue | -7.8% | 12.7% |
| Capex IntensityCapex / Revenue | 2.0% | 11.5% |
| Cash ConversionOCF / Net Profit | — | 3.27× |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $11.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.7M | $18.4M | ||
| Q3 25 | $32.0M | $18.4M | ||
| Q2 25 | $-56.5M | $12.3M | ||
| Q1 25 | $41.2M | $2.9M | ||
| Q4 24 | $-41.1M | $15.0M | ||
| Q3 24 | $16.6M | $12.7M | ||
| Q2 24 | $-33.7M | $10.2M | ||
| Q1 24 | $69.7M | $1.2M |
| Q4 25 | $-8.9M | $9.7M | ||
| Q3 25 | $29.8M | $10.7M | ||
| Q2 25 | $-57.8M | $4.1M | ||
| Q1 25 | $38.7M | $-12.6M | ||
| Q4 24 | $-43.7M | $3.2M | ||
| Q3 24 | $15.0M | $1.7M | ||
| Q2 24 | $-35.2M | $1.2M | ||
| Q1 24 | $60.6M | $-4.8M |
| Q4 25 | -7.8% | 12.7% | ||
| Q3 25 | 22.6% | 14.9% | ||
| Q2 25 | -56.3% | 6.5% | ||
| Q1 25 | 16.0% | -21.4% | ||
| Q4 24 | -34.4% | 5.2% | ||
| Q3 24 | 10.6% | 3.0% | ||
| Q2 24 | -30.2% | 2.3% | ||
| Q1 24 | 24.7% | -9.5% |
| Q4 25 | 2.0% | 11.5% | ||
| Q3 25 | 1.7% | 10.6% | ||
| Q2 25 | 1.3% | 12.9% | ||
| Q1 25 | 1.0% | 26.2% | ||
| Q4 24 | 2.1% | 19.5% | ||
| Q3 24 | 1.2% | 19.0% | ||
| Q2 24 | 1.3% | 16.3% | ||
| Q1 24 | 3.7% | 11.9% |
| Q4 25 | — | 3.27× | ||
| Q3 25 | 25.40× | 5.23× | ||
| Q2 25 | — | 3.88× | ||
| Q1 25 | — | 1.09× | ||
| Q4 24 | — | 3.47× | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | — | 6.94× | ||
| Q1 24 | 10.86× | 0.73× |
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% |
VMD
Segment breakdown not available.
