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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and VINCE HOLDING CORP. (VNCE). Click either name above to swap in a different company.
DULUTH HOLDINGS INC. is the larger business by last-quarter revenue ($114.9M vs $85.1M, roughly 1.3× VINCE HOLDING CORP.). VINCE HOLDING CORP. runs the higher net margin — 3.2% vs -8.8%, a 12.0% gap on every dollar of revenue. On growth, VINCE HOLDING CORP. posted the faster year-over-year revenue change (6.2% vs -9.6%). VINCE HOLDING CORP. produced more free cash flow last quarter ($-5.7M vs $-8.9M). Over the past eight quarters, VINCE HOLDING CORP.'s revenue compounded faster (6.3% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
VINCE. is a contemporary clothing fashion brand founded in 2002. In 2023 Authentic Brands Group purchased its intellectual property in a $76.5 million deal.
DLTH vs VNCE — Head-to-Head
Income Statement — Q3 2026 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $85.1M |
| Net Profit | $-10.1M | $2.7M |
| Gross Margin | 53.8% | 49.2% |
| Operating Margin | -7.7% | 6.4% |
| Net Margin | -8.8% | 3.2% |
| Revenue YoY | -9.6% | 6.2% |
| Net Profit YoY | 64.6% | -37.3% |
| EPS (diluted) | $-0.29 | $0.21 |
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 | $85.1M | ||
| Q3 25 | $131.7M | $73.2M | ||
| Q2 25 | $102.7M | $57.9M | ||
| Q1 25 | $241.3M | $80.0M | ||
| Q4 24 | $127.1M | $80.2M | ||
| Q3 24 | $141.6M | $74.2M | ||
| Q2 24 | $116.7M | $59.2M | ||
| Q1 24 | $245.6M | $75.3M |
| Q4 25 | $-10.1M | $2.7M | ||
| Q3 25 | $1.3M | $12.1M | ||
| Q2 25 | $-15.3M | $-4.8M | ||
| Q1 25 | $-5.6M | $-28.3M | ||
| Q4 24 | $-28.2M | $4.3M | ||
| Q3 24 | $-2.0M | $569.0K | ||
| Q2 24 | $-7.9M | $4.4M | ||
| Q1 24 | $6.4M | $-4.7M |
| Q4 25 | 53.8% | 49.2% | ||
| Q3 25 | 54.7% | 50.4% | ||
| Q2 25 | 52.0% | 50.3% | ||
| Q1 25 | 44.1% | 50.1% | ||
| Q4 24 | 52.3% | 50.0% | ||
| Q3 24 | 52.3% | 47.4% | ||
| Q2 24 | 52.8% | 50.6% | ||
| Q1 24 | 48.2% | 45.4% |
| Q4 25 | -7.7% | 6.4% | ||
| Q3 25 | 1.8% | 15.2% | ||
| Q2 25 | -12.0% | -7.7% | ||
| Q1 25 | -1.8% | -37.1% | ||
| Q4 24 | -17.4% | 7.2% | ||
| Q3 24 | -1.1% | 1.5% | ||
| Q2 24 | -7.7% | 9.5% | ||
| Q1 24 | 3.6% | -2.2% |
| Q4 25 | -8.8% | 3.2% | ||
| Q3 25 | 1.0% | 16.5% | ||
| Q2 25 | -14.9% | -8.3% | ||
| Q1 25 | -2.3% | -35.5% | ||
| Q4 24 | -22.2% | 5.4% | ||
| Q3 24 | -1.4% | 0.8% | ||
| Q2 24 | -6.7% | 7.4% | ||
| Q1 24 | 2.6% | -6.2% |
| Q4 25 | $-0.29 | $0.21 | ||
| Q3 25 | $0.04 | $0.93 | ||
| Q2 25 | $-0.45 | $-0.37 | ||
| Q1 25 | $-0.17 | $-2.25 | ||
| Q4 24 | $-0.84 | $0.34 | ||
| Q3 24 | $-0.06 | $0.05 | ||
| Q2 24 | $-0.24 | $0.35 | ||
| Q1 24 | $0.20 | $-0.37 |
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 | $1.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $160.6M | $53.4M |
| Total Assets | $468.0M | $246.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $1.1M | ||
| Q3 25 | $5.7M | $777.0K | ||
| Q2 25 | $8.6M | $2.6M | ||
| Q1 25 | $3.3M | $607.0K | ||
| Q4 24 | $9.3M | $892.0K | ||
| Q3 24 | $9.8M | $711.0K | ||
| Q2 24 | $6.8M | $739.0K | ||
| Q1 24 | $32.2M | $357.0K |
| Q4 25 | $160.6M | $53.4M | ||
| Q3 25 | $170.0M | $49.3M | ||
| Q2 25 | $167.9M | $37.2M | ||
| Q1 25 | $182.7M | $41.8M | ||
| Q4 24 | $188.1M | $57.1M | ||
| Q3 24 | $215.7M | $52.4M | ||
| Q2 24 | $218.4M | $51.7M | ||
| Q1 24 | $222.8M | $47.2M |
| Q4 25 | $468.0M | $246.0M | ||
| Q3 25 | $433.8M | $239.0M | ||
| Q2 25 | $463.7M | $218.0M | ||
| Q1 25 | $452.4M | $222.7M | ||
| Q4 24 | $533.1M | $254.7M | ||
| Q3 24 | $488.6M | $253.6M | ||
| Q2 24 | $471.4M | $223.1M | ||
| Q1 24 | $491.2M | $225.1M |
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 | $-5.1M |
| Free Cash FlowOCF − Capex | $-8.9M | $-5.7M |
| FCF MarginFCF / Revenue | -7.8% | -6.7% |
| Capex IntensityCapex / Revenue | 2.0% | 0.7% |
| Cash ConversionOCF / Net Profit | — | -1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $4.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.7M | $-5.1M | ||
| Q3 25 | $32.0M | $4.2M | ||
| Q2 25 | $-56.5M | $-11.8M | ||
| Q1 25 | $41.2M | $22.7M | ||
| Q4 24 | $-41.1M | $6.4M | ||
| Q3 24 | $16.6M | $-3.2M | ||
| Q2 24 | $-33.7M | $-3.9M | ||
| Q1 24 | $69.7M | $14.8M |
| Q4 25 | $-8.9M | $-5.7M | ||
| Q3 25 | $29.8M | $2.1M | ||
| Q2 25 | $-57.8M | $-13.2M | ||
| Q1 25 | $38.7M | $21.2M | ||
| Q4 24 | $-43.7M | $5.1M | ||
| Q3 24 | $15.0M | $-3.9M | ||
| Q2 24 | $-35.2M | $-4.6M | ||
| Q1 24 | $60.6M | $14.2M |
| Q4 25 | -7.8% | -6.7% | ||
| Q3 25 | 22.6% | 2.9% | ||
| Q2 25 | -56.3% | -22.9% | ||
| Q1 25 | 16.0% | 26.5% | ||
| Q4 24 | -34.4% | 6.4% | ||
| Q3 24 | 10.6% | -5.2% | ||
| Q2 24 | -30.2% | -7.8% | ||
| Q1 24 | 24.7% | 18.9% |
| Q4 25 | 2.0% | 0.7% | ||
| Q3 25 | 1.7% | 2.9% | ||
| Q2 25 | 1.3% | 2.5% | ||
| Q1 25 | 1.0% | 1.9% | ||
| Q4 24 | 2.1% | 1.6% | ||
| Q3 24 | 1.2% | 0.9% | ||
| Q2 24 | 1.3% | 1.3% | ||
| Q1 24 | 3.7% | 0.7% |
| Q4 25 | — | -1.86× | ||
| Q3 25 | 25.40× | 0.35× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | -5.61× | ||
| Q2 24 | — | -0.89× | ||
| 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% |
VNCE
| Vince Wholesale | $52.0M | 61% |
| Vince Direct To Consumer | $33.1M | 39% |
