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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) and Xometry, Inc. (XMTR). Click either name above to swap in a different company.
Xometry, Inc. is the larger business by last-quarter revenue ($192.4M vs $114.9M, roughly 1.7× DULUTH HOLDINGS INC.). Xometry, Inc. runs the higher net margin — -4.5% vs -8.8%, a 4.3% gap on every dollar of revenue. On growth, Xometry, Inc. posted the faster year-over-year revenue change (29.5% vs -9.6%). Xometry, Inc. produced more free cash flow last quarter ($-5.9M vs $-8.9M). Over the past eight quarters, Xometry, Inc.'s revenue compounded faster (25.2% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
Xometry is an online marketplace for sourcing on-demand manufactured parts for prototyping and large-scale production.
DLTH vs XMTR — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $192.4M |
| Net Profit | $-10.1M | $-8.6M |
| Gross Margin | 53.8% | 39.1% |
| Operating Margin | -7.7% | -4.6% |
| Net Margin | -8.8% | -4.5% |
| Revenue YoY | -9.6% | 29.5% |
| Net Profit YoY | 64.6% | 12.7% |
| EPS (diluted) | $-0.29 | — |
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 | $192.4M | ||
| Q3 25 | $131.7M | $180.7M | ||
| Q2 25 | $102.7M | $162.5M | ||
| Q1 25 | $241.3M | $151.0M | ||
| Q4 24 | $127.1M | $148.5M | ||
| Q3 24 | $141.6M | $141.7M | ||
| Q2 24 | $116.7M | $132.6M | ||
| Q1 24 | $245.6M | $122.7M |
| Q4 25 | $-10.1M | $-8.6M | ||
| Q3 25 | $1.3M | $-11.6M | ||
| Q2 25 | $-15.3M | $-26.4M | ||
| Q1 25 | $-5.6M | $-15.1M | ||
| Q4 24 | $-28.2M | $-9.9M | ||
| Q3 24 | $-2.0M | $-10.2M | ||
| Q2 24 | $-7.9M | $-13.7M | ||
| Q1 24 | $6.4M | $-16.6M |
| Q4 25 | 53.8% | 39.1% | ||
| Q3 25 | 54.7% | 39.9% | ||
| Q2 25 | 52.0% | 40.1% | ||
| Q1 25 | 44.1% | 37.3% | ||
| Q4 24 | 52.3% | 39.7% | ||
| Q3 24 | 52.3% | 39.4% | ||
| Q2 24 | 52.8% | 39.9% | ||
| Q1 24 | 48.2% | 39.0% |
| Q4 25 | -7.7% | -4.6% | ||
| Q3 25 | 1.8% | -6.1% | ||
| Q2 25 | -12.0% | -6.3% | ||
| Q1 25 | -1.8% | -10.2% | ||
| Q4 24 | -17.4% | -7.8% | ||
| Q3 24 | -1.1% | -8.1% | ||
| Q2 24 | -7.7% | -11.5% | ||
| Q1 24 | 3.6% | -14.6% |
| Q4 25 | -8.8% | -4.5% | ||
| Q3 25 | 1.0% | -6.4% | ||
| Q2 25 | -14.9% | -16.3% | ||
| Q1 25 | -2.3% | -10.0% | ||
| Q4 24 | -22.2% | -6.7% | ||
| Q3 24 | -1.4% | -7.2% | ||
| Q2 24 | -6.7% | -10.3% | ||
| Q1 24 | 2.6% | -13.5% |
| 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 | — | ||
| Q1 24 | $0.20 | — |
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 | $219.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $160.6M | $275.6M |
| Total Assets | $468.0M | $703.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $219.1M | ||
| Q3 25 | $5.7M | $224.5M | ||
| Q2 25 | $8.6M | $225.8M | ||
| Q1 25 | $3.3M | $231.4M | ||
| Q4 24 | $9.3M | $239.8M | ||
| Q3 24 | $9.8M | $234.0M | ||
| Q2 24 | $6.8M | $240.9M | ||
| Q1 24 | $32.2M | $253.8M |
| Q4 25 | $160.6M | $275.6M | ||
| Q3 25 | $170.0M | $272.0M | ||
| Q2 25 | $167.9M | $270.4M | ||
| Q1 25 | $182.7M | $309.9M | ||
| Q4 24 | $188.1M | $314.5M | ||
| Q3 24 | $215.7M | $315.2M | ||
| Q2 24 | $218.4M | $315.8M | ||
| Q1 24 | $222.8M | $320.4M |
| Q4 25 | $468.0M | $703.7M | ||
| Q3 25 | $433.8M | $698.9M | ||
| Q2 25 | $463.7M | $687.0M | ||
| Q1 25 | $452.4M | $690.1M | ||
| Q4 24 | $533.1M | $680.1M | ||
| Q3 24 | $488.6M | $678.2M | ||
| Q2 24 | $471.4M | $678.6M | ||
| Q1 24 | $491.2M | $692.5M |
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 | $4.4M |
| Free Cash FlowOCF − Capex | $-8.9M | $-5.9M |
| FCF MarginFCF / Revenue | -7.8% | -3.0% |
| Capex IntensityCapex / Revenue | 2.0% | 5.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $-24.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.7M | $4.4M | ||
| Q3 25 | $32.0M | $5.8M | ||
| Q2 25 | $-56.5M | $-427.0K | ||
| Q1 25 | $41.2M | $-3.7M | ||
| Q4 24 | $-41.1M | $9.1M | ||
| Q3 24 | $16.6M | $-3.6M | ||
| Q2 24 | $-33.7M | $-9.1M | ||
| Q1 24 | $69.7M | $-11.7M |
| Q4 25 | $-8.9M | $-5.9M | ||
| Q3 25 | $29.8M | $-1.7M | ||
| Q2 25 | $-57.8M | $-7.4M | ||
| Q1 25 | $38.7M | $-9.2M | ||
| Q4 24 | $-43.7M | $4.5M | ||
| Q3 24 | $15.0M | $-8.4M | ||
| Q2 24 | $-35.2M | $-13.5M | ||
| Q1 24 | $60.6M | $-16.1M |
| Q4 25 | -7.8% | -3.0% | ||
| Q3 25 | 22.6% | -0.9% | ||
| Q2 25 | -56.3% | -4.5% | ||
| Q1 25 | 16.0% | -6.1% | ||
| Q4 24 | -34.4% | 3.1% | ||
| Q3 24 | 10.6% | -6.0% | ||
| Q2 24 | -30.2% | -10.2% | ||
| Q1 24 | 24.7% | -13.1% |
| Q4 25 | 2.0% | 5.3% | ||
| Q3 25 | 1.7% | 4.1% | ||
| Q2 25 | 1.3% | 4.3% | ||
| Q1 25 | 1.0% | 3.6% | ||
| Q4 24 | 2.1% | 3.1% | ||
| Q3 24 | 1.2% | 3.4% | ||
| Q2 24 | 1.3% | 3.3% | ||
| Q1 24 | 3.7% | 3.5% |
| Q4 25 | — | — | ||
| Q3 25 | 25.40× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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% |
XMTR
| US | $159.1M | 83% |
| Non Us | $33.3M | 17% |
