vs
DULUTH HOLDINGS INC.（DLTH）与弗雷斯特研究公司（FORR）财务数据对比。点击上方公司名可切换其他公司
DULUTH HOLDINGS INC.的季度营收约是弗雷斯特研究公司的1.1倍（$114.9M vs $101.1M），DULUTH HOLDINGS INC.净利率更高（-8.8% vs -33.5%，领先24.7%），弗雷斯特研究公司同比增速更快（-6.5% vs -9.6%），弗雷斯特研究公司自由现金流更多（$-4.3M vs $-8.9M），过去两年弗雷斯特研究公司的营收复合增速更高（0.5% vs -31.6%）
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。
福雷斯特研究公司是一家全球领先的研究咨询机构，主营业务涵盖行业研究、管理咨询与行业峰会举办，客户群体包括全球大型企业、科技公司与消费领域领军企业，公司总部位于美国马萨诸塞州剑桥市。
DLTH vs FORR — 直观对比
营收规模更大
DLTH
是对方的1.1倍
$101.1M
营收增速更快
FORR
高出3.1%
-9.6%
净利率更高
DLTH
高出24.7%
-33.5%
自由现金流更多
FORR
多$4.7M
$-8.9M
两年增速更快
FORR
近两年复合增速
-31.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $114.9M | $101.1M |
| 净利润 | $-10.1M | $-33.9M |
| 毛利率 | 53.8% | 56.7% |
| 营业利润率 | -7.7% | -36.6% |
| 净利率 | -8.8% | -33.5% |
| 营收同比 | -9.6% | -6.5% |
| 净利润同比 | 64.6% | -7941.4% |
| 每股收益（稀释后） | $-0.29 | $-1.75 |
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DLTHFORR
| Q4 25 | $114.9M | $101.1M | ||
| Q3 25 | $131.7M | $94.3M | ||
| Q2 25 | $102.7M | $111.7M | ||
| Q1 25 | $241.3M | $89.9M | ||
| Q4 24 | $127.1M | $108.0M | ||
| Q3 24 | $141.6M | $102.5M | ||
| Q2 24 | $116.7M | $121.8M | ||
| Q1 24 | $245.6M | $100.1M |
净利润DLTHFORR
| Q4 25 | $-10.1M | $-33.9M | ||
| Q3 25 | $1.3M | $-2.1M | ||
| Q2 25 | $-15.3M | $3.9M | ||
| Q1 25 | $-5.6M | $-87.3M | ||
| Q4 24 | $-28.2M | $432.0K | ||
| Q3 24 | $-2.0M | $-5.8M | ||
| Q2 24 | $-7.9M | $6.3M | ||
| Q1 24 | $6.4M | $-6.7M |
毛利率DLTHFORR
| Q4 25 | 53.8% | 56.7% | ||
| Q3 25 | 54.7% | 60.0% | ||
| Q2 25 | 52.0% | 55.5% | ||
| Q1 25 | 44.1% | 55.9% | ||
| Q4 24 | 52.3% | 58.8% | ||
| Q3 24 | 52.3% | 60.5% | ||
| Q2 24 | 52.8% | 57.3% | ||
| Q1 24 | 48.2% | 54.9% |
营业利润率DLTHFORR
| Q4 25 | -7.7% | -36.6% | ||
| Q3 25 | 1.8% | 4.7% | ||
| Q2 25 | -12.0% | 6.2% | ||
| Q1 25 | -1.8% | -97.5% | ||
| Q4 24 | -17.4% | -0.5% | ||
| Q3 24 | -1.1% | -0.7% | ||
| Q2 24 | -7.7% | 9.3% | ||
| Q1 24 | 3.6% | -9.3% |
净利率DLTHFORR
| Q4 25 | -8.8% | -33.5% | ||
| Q3 25 | 1.0% | -2.3% | ||
| Q2 25 | -14.9% | 3.5% | ||
| Q1 25 | -2.3% | -97.1% | ||
| Q4 24 | -22.2% | 0.4% | ||
| Q3 24 | -1.4% | -5.7% | ||
| Q2 24 | -6.7% | 5.2% | ||
| Q1 24 | 2.6% | -6.7% |
每股收益（稀释后）DLTHFORR
| Q4 25 | $-0.29 | $-1.75 | ||
| Q3 25 | $0.04 | $-0.11 | ||
| Q2 25 | $-0.45 | $0.20 | ||
| Q1 25 | $-0.17 | $-4.62 | ||
| Q4 24 | $-0.84 | $0.02 | ||
| Q3 24 | $-0.06 | $-0.30 | ||
| Q2 24 | $-0.24 | $0.33 | ||
| Q1 24 | $0.20 | $-0.35 |
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 | $8.2M | $63.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $160.6M | $126.5M |
| 总资产 | $468.0M | $404.0M |
| 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DLTHFORR
| Q4 25 | $8.2M | $63.3M | ||
| Q3 25 | $5.7M | $65.1M | ||
| Q2 25 | $8.6M | $67.8M | ||
| Q1 25 | $3.3M | $75.6M | ||
| Q4 24 | $9.3M | $56.1M | ||
| Q3 24 | $9.8M | $62.8M | ||
| Q2 24 | $6.8M | $58.9M | ||
| Q1 24 | $32.2M | $61.4M |
股东权益DLTHFORR
| Q4 25 | $160.6M | $126.5M | ||
| Q3 25 | $170.0M | $157.7M | ||
| Q2 25 | $167.9M | $159.5M | ||
| Q1 25 | $182.7M | $147.4M | ||
| Q4 24 | $188.1M | $229.5M | ||
| Q3 24 | $215.7M | $234.3M | ||
| Q2 24 | $218.4M | $237.1M | ||
| Q1 24 | $222.8M | $230.9M |
总资产DLTHFORR
| Q4 25 | $468.0M | $404.0M | ||
| Q3 25 | $433.8M | $414.2M | ||
| Q2 25 | $463.7M | $436.0M | ||
| Q1 25 | $452.4M | $439.8M | ||
| Q4 24 | $533.1M | $503.9M | ||
| Q3 24 | $488.6M | $505.3M | ||
| Q2 24 | $471.4M | $524.2M | ||
| Q1 24 | $491.2M | $555.7M |
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 | $-6.7M | $-3.2M |
| 自由现金流经营现金流 - 资本支出 | $-8.9M | $-4.3M |
| 自由现金流率自由现金流/营收 | -7.8% | -4.2% |
| 资本支出强度资本支出/营收 | 2.0% | 1.1% |
| 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 | $1.7M | $18.1M |
8季度趋势，按日历期对齐
经营现金流DLTHFORR
| Q4 25 | $-6.7M | $-3.2M | ||
| Q3 25 | $32.0M | $1.2M | ||
| Q2 25 | $-56.5M | $-3.6M | ||
| Q1 25 | $41.2M | $26.7M | ||
| Q4 24 | $-41.1M | $-1.8M | ||
| Q3 24 | $16.6M | $264.0K | ||
| Q2 24 | $-33.7M | $-2.9M | ||
| Q1 24 | $69.7M | $611.0K |
自由现金流DLTHFORR
| Q4 25 | $-8.9M | $-4.3M | ||
| Q3 25 | $29.8M | $524.0K | ||
| Q2 25 | $-57.8M | $-4.2M | ||
| Q1 25 | $38.7M | $26.1M | ||
| Q4 24 | $-43.7M | $-2.5M | ||
| Q3 24 | $15.0M | $-223.0K | ||
| Q2 24 | $-35.2M | $-3.7M | ||
| Q1 24 | $60.6M | $-815.0K |
自由现金流率DLTHFORR
| Q4 25 | -7.8% | -4.2% | ||
| Q3 25 | 22.6% | 0.6% | ||
| Q2 25 | -56.3% | -3.8% | ||
| Q1 25 | 16.0% | 29.0% | ||
| Q4 24 | -34.4% | -2.3% | ||
| Q3 24 | 10.6% | -0.2% | ||
| Q2 24 | -30.2% | -3.1% | ||
| Q1 24 | 24.7% | -0.8% |
资本支出强度DLTHFORR
| Q4 25 | 2.0% | 1.1% | ||
| Q3 25 | 1.7% | 0.7% | ||
| Q2 25 | 1.3% | 0.5% | ||
| Q1 25 | 1.0% | 0.7% | ||
| Q4 24 | 2.1% | 0.6% | ||
| Q3 24 | 1.2% | 0.5% | ||
| Q2 24 | 1.3% | 0.7% | ||
| Q1 24 | 3.7% | 1.4% |
现金转化率DLTHFORR
| Q4 25 | — | — | ||
| Q3 25 | 25.40× | — | ||
| Q2 25 | — | -0.93× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -4.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -0.46× | ||
| 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
DLTH
| Sales Channel Directly To Consumer | $67.4M | 59% |
| Sales Channel Through Intermediary | $47.4M | 41% |
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
