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Torrid Holdings Inc.（CURV）与DULUTH HOLDINGS INC.（DLTH）财务数据对比。点击上方公司名可切换其他公司
Torrid Holdings Inc.的季度营收约是DULUTH HOLDINGS INC.的2.0倍（$235.2M vs $114.9M）。Torrid Holdings Inc.净利率更高（-2.7% vs -8.8%，领先6.1%）。DULUTH HOLDINGS INC.同比增速更快（-9.6% vs -10.8%）。Torrid Holdings Inc.自由现金流更多（$-6.6M vs $-8.9M）。过去两年Torrid Holdings Inc.的营收复合增速更高（-10.5% vs -31.6%）
Torrid Holdings Inc.是美国主营大码女装的零售连锁品牌，原隶属于Hot Topic，目前归Sycamore Partners所有，2015年拆分成为独立公司。品牌专为10至30码的女性提供服饰及配饰产品，2001年4月在加利福尼亚州布瑞亚购物中心开出首店，截至2024年，已在美国各州及部分其他区域开设超过650家门店。
德卢思控股是一家美国工装及配饰企业，主打通过旗下德卢思贸易品牌开展产品销售业务，面向市场推出各类实用工装及相关配饰产品，是美国本土颇具特色的服饰零售企业。
CURV vs DLTH — 直观对比
营收规模更大
CURV
是对方的2.0倍
$114.9M
营收增速更快
DLTH
高出1.3%
-10.8%
净利率更高
CURV
高出6.1%
-8.8%
自由现金流更多
CURV
多$2.3M
$-8.9M
两年增速更快
CURV
近两年复合增速
-31.6%
损益表 — Q4 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $235.2M | $114.9M |
| 净利润 | $-6.4M | $-10.1M |
| 毛利率 | 34.9% | 53.8% |
| 营业利润率 | 0.1% | -7.7% |
| 净利率 | -2.7% | -8.8% |
| 营收同比 | -10.8% | -9.6% |
| 净利润同比 | -438.2% | 64.6% |
| 每股收益（稀释后） | $-0.06 | $-0.29 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CURVDLTH
| Q4 25 | $235.2M | $114.9M | ||
| Q3 25 | $262.8M | $131.7M | ||
| Q2 25 | $266.0M | $102.7M | ||
| Q1 25 | $275.6M | $241.3M | ||
| Q4 24 | $263.8M | $127.1M | ||
| Q3 24 | $284.6M | $141.6M | ||
| Q2 24 | $279.8M | $116.7M | ||
| Q1 24 | $293.5M | $245.6M |
净利润CURVDLTH
| Q4 25 | $-6.4M | $-10.1M | ||
| Q3 25 | $1.6M | $1.3M | ||
| Q2 25 | $5.9M | $-15.3M | ||
| Q1 25 | $-3.0M | $-5.6M | ||
| Q4 24 | $-1.2M | $-28.2M | ||
| Q3 24 | $8.3M | $-2.0M | ||
| Q2 24 | $12.2M | $-7.9M | ||
| Q1 24 | $-4.1M | $6.4M |
毛利率CURVDLTH
| Q4 25 | 34.9% | 53.8% | ||
| Q3 25 | 35.6% | 54.7% | ||
| Q2 25 | 38.1% | 52.0% | ||
| Q1 25 | 33.6% | 44.1% | ||
| Q4 24 | 36.1% | 52.3% | ||
| Q3 24 | 38.7% | 52.3% | ||
| Q2 24 | 41.3% | 52.8% | ||
| Q1 24 | 34.5% | 48.2% |
营业利润率CURVDLTH
| Q4 25 | 0.1% | -7.7% | ||
| Q3 25 | 3.9% | 1.8% | ||
| Q2 25 | 6.0% | -12.0% | ||
| Q1 25 | 1.3% | -1.8% | ||
| Q4 24 | 2.7% | -17.4% | ||
| Q3 24 | 7.2% | -1.1% | ||
| Q2 24 | 9.3% | -7.7% | ||
| Q1 24 | 1.4% | 3.6% |
净利率CURVDLTH
| Q4 25 | -2.7% | -8.8% | ||
| Q3 25 | 0.6% | 1.0% | ||
| Q2 25 | 2.2% | -14.9% | ||
| Q1 25 | -1.1% | -2.3% | ||
| Q4 24 | -0.5% | -22.2% | ||
| Q3 24 | 2.9% | -1.4% | ||
| Q2 24 | 4.4% | -6.7% | ||
| Q1 24 | -1.4% | 2.6% |
每股收益（稀释后）CURVDLTH
| Q4 25 | $-0.06 | $-0.29 | ||
| Q3 25 | $0.02 | $0.04 | ||
| Q2 25 | $0.06 | $-0.45 | ||
| Q1 25 | $-0.04 | $-0.17 | ||
| Q4 24 | $-0.01 | $-0.84 | ||
| Q3 24 | $0.08 | $-0.06 | ||
| Q2 24 | $0.12 | $-0.24 | ||
| Q1 24 | $-0.03 | $0.20 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $17.2M | $8.2M |
| 总债务越低越好 | $276.4M | — |
| 股东权益账面价值 | $-206.5M | $160.6M |
| 总资产 | $402.9M | $468.0M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CURVDLTH
| Q4 25 | $17.2M | $8.2M | ||
| Q3 25 | $21.5M | $5.7M | ||
| Q2 25 | $23.7M | $8.6M | ||
| Q1 25 | $48.5M | $3.3M | ||
| Q4 24 | $44.0M | $9.3M | ||
| Q3 24 | $53.9M | $9.8M | ||
| Q2 24 | $20.5M | $6.8M | ||
| Q1 24 | $11.7M | $32.2M |
总债务CURVDLTH
| Q4 25 | $276.4M | — | ||
| Q3 25 | $280.5M | — | ||
| Q2 25 | $284.5M | — | ||
| Q1 25 | $288.6M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CURVDLTH
| Q4 25 | $-206.5M | $160.6M | ||
| Q3 25 | $-201.1M | $170.0M | ||
| Q2 25 | $-183.8M | $167.9M | ||
| Q1 25 | $-191.1M | $182.7M | ||
| Q4 24 | $-189.3M | $188.1M | ||
| Q3 24 | $-188.9M | $215.7M | ||
| Q2 24 | $-198.6M | $218.4M | ||
| Q1 24 | $-211.7M | $222.8M |
总资产CURVDLTH
| Q4 25 | $402.9M | $468.0M | ||
| Q3 25 | $414.5M | $433.8M | ||
| Q2 25 | $451.4M | $463.7M | ||
| Q1 25 | $488.4M | $452.4M | ||
| Q4 24 | $493.0M | $533.1M | ||
| Q3 24 | $487.5M | $488.6M | ||
| Q2 24 | $479.7M | $471.4M | ||
| Q1 24 | $476.9M | $491.2M |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-4.9M | $-6.7M |
| 自由现金流经营现金流 - 资本支出 | $-6.6M | $-8.9M |
| 自由现金流率自由现金流/营收 | -2.8% | -7.8% |
| 资本支出强度资本支出/营收 | 0.7% | 2.0% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-2.3M | $1.7M |
8季度趋势，按日历期对齐
经营现金流CURVDLTH
| Q4 25 | $-4.9M | $-6.7M | ||
| Q3 25 | $15.7M | $32.0M | ||
| Q2 25 | $-18.0M | $-56.5M | ||
| Q1 25 | $12.0M | $41.2M | ||
| Q4 24 | $-3.1M | $-41.1M | ||
| Q3 24 | $40.8M | $16.6M | ||
| Q2 24 | $27.6M | $-33.7M | ||
| Q1 24 | $9.0M | $69.7M |
自由现金流CURVDLTH
| Q4 25 | $-6.6M | $-8.9M | ||
| Q3 25 | $14.6M | $29.8M | ||
| Q2 25 | $-20.6M | $-57.8M | ||
| Q1 25 | $10.2M | $38.7M | ||
| Q4 24 | $-5.5M | $-43.7M | ||
| Q3 24 | $37.7M | $15.0M | ||
| Q2 24 | $20.6M | $-35.2M | ||
| Q1 24 | $-1.7M | $60.6M |
自由现金流率CURVDLTH
| Q4 25 | -2.8% | -7.8% | ||
| Q3 25 | 5.6% | 22.6% | ||
| Q2 25 | -7.7% | -56.3% | ||
| Q1 25 | 3.7% | 16.0% | ||
| Q4 24 | -2.1% | -34.4% | ||
| Q3 24 | 13.2% | 10.6% | ||
| Q2 24 | 7.4% | -30.2% | ||
| Q1 24 | -0.6% | 24.7% |
资本支出强度CURVDLTH
| Q4 25 | 0.7% | 2.0% | ||
| Q3 25 | 0.4% | 1.7% | ||
| Q2 25 | 1.0% | 1.3% | ||
| Q1 25 | 0.6% | 1.0% | ||
| Q4 24 | 0.9% | 2.1% | ||
| Q3 24 | 1.1% | 1.2% | ||
| Q2 24 | 2.5% | 1.3% | ||
| Q1 24 | 3.7% | 3.7% |
现金转化率CURVDLTH
| Q4 25 | — | — | ||
| Q3 25 | 10.05× | 25.40× | ||
| Q2 25 | -3.03× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.90× | — | ||
| Q2 24 | 2.27× | — | ||
| Q1 24 | — | 10.86× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CURV
| Apparel | $213.6M | 91% |
| Non Apparel | $12.3M | 5% |
| Other | $9.2M | 4% |
| Loyalty Program | $1.1M | 0% |
DLTH
| Sales Channel Directly To Consumer | $67.4M | 59% |
| Sales Channel Through Intermediary | $47.4M | 41% |
