vs
DULUTH HOLDINGS INC.（DLTH）与牛津地产（IIPR）财务数据对比。点击上方公司名可切换其他公司
DULUTH HOLDINGS INC.的季度营收约是牛津地产的1.7倍（$114.9M vs $66.7M），牛津地产净利率更高（47.8% vs -8.8%，领先56.6%），DULUTH HOLDINGS INC.同比增速更快（-9.6% vs -13.1%），过去两年牛津地产的营收复合增速更高（-6.0% 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。
牛津地产是一家加拿大跨国企业，业务涵盖房地产投资、开发与物业管理。其投资组合包含写字楼、零售、工业、多户住宅、生命科学及酒店类资产。该公司1960年以私营企业形式创立，自2003年起成为安大略省市政雇员退休系统（OMERS）的全资子公司，总部设于多伦多，在纽约、伦敦、澳大利亚、新加坡及卢森堡均设有区域总部。
DLTH vs IIPR — 直观对比
营收规模更大
DLTH
是对方的1.7倍
$66.7M
营收增速更快
DLTH
高出3.6%
-13.1%
净利率更高
IIPR
高出56.6%
-8.8%
两年增速更快
IIPR
近两年复合增速
-31.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $114.9M | $66.7M |
| 净利润 | $-10.1M | $31.8M |
| 毛利率 | 53.8% | — |
| 营业利润率 | -7.7% | 47.8% |
| 净利率 | -8.8% | 47.8% |
| 营收同比 | -9.6% | -13.1% |
| 净利润同比 | 64.6% | -20.4% |
| 每股收益（稀释后） | $-0.29 | $1.07 |
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DLTHIIPR
| Q4 25 | $114.9M | $66.7M | ||
| Q3 25 | $131.7M | $64.7M | ||
| Q2 25 | $102.7M | $62.9M | ||
| Q1 25 | $241.3M | $71.7M | ||
| Q4 24 | $127.1M | $76.7M | ||
| Q3 24 | $141.6M | $76.5M | ||
| Q2 24 | $116.7M | $79.8M | ||
| Q1 24 | $245.6M | $75.5M |
净利润DLTHIIPR
| Q4 25 | $-10.1M | $31.8M | ||
| Q3 25 | $1.3M | $29.3M | ||
| Q2 25 | $-15.3M | $26.0M | ||
| Q1 25 | $-5.6M | $31.1M | ||
| Q4 24 | $-28.2M | $40.0M | ||
| Q3 24 | $-2.0M | $40.2M | ||
| Q2 24 | $-7.9M | $42.0M | ||
| Q1 24 | $6.4M | $39.4M |
毛利率DLTHIIPR
| Q4 25 | 53.8% | — | ||
| Q3 25 | 54.7% | — | ||
| Q2 25 | 52.0% | — | ||
| Q1 25 | 44.1% | — | ||
| Q4 24 | 52.3% | — | ||
| Q3 24 | 52.3% | — | ||
| Q2 24 | 52.8% | — | ||
| Q1 24 | 48.2% | — |
营业利润率DLTHIIPR
| Q4 25 | -7.7% | 47.8% | ||
| Q3 25 | 1.8% | 45.5% | ||
| Q2 25 | -12.0% | 45.9% | ||
| Q1 25 | -1.8% | 47.4% | ||
| Q4 24 | -17.4% | 54.7% | ||
| Q3 24 | -1.1% | 54.8% | ||
| Q2 24 | -7.7% | 53.1% | ||
| Q1 24 | 3.6% | 55.7% |
净利率DLTHIIPR
| Q4 25 | -8.8% | 47.8% | ||
| Q3 25 | 1.0% | 45.3% | ||
| Q2 25 | -14.9% | 41.4% | ||
| Q1 25 | -2.3% | 43.3% | ||
| Q4 24 | -22.2% | 52.2% | ||
| Q3 24 | -1.4% | 52.6% | ||
| Q2 24 | -6.7% | 52.6% | ||
| Q1 24 | 2.6% | 52.3% |
每股收益（稀释后）DLTHIIPR
| Q4 25 | $-0.29 | $1.07 | ||
| Q3 25 | $0.04 | $0.97 | ||
| Q2 25 | $-0.45 | $0.86 | ||
| Q1 25 | $-0.17 | $1.03 | ||
| Q4 24 | $-0.84 | $1.35 | ||
| Q3 24 | $-0.06 | $1.37 | ||
| Q2 24 | $-0.24 | $1.44 | ||
| Q1 24 | $0.20 | $1.36 |
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 | $47.6M |
| 总债务越低越好 | — | $393.7M |
| 股东权益账面价值 | $160.6M | $1.8B |
| 总资产 | $468.0M | $2.4B |
| 负债/权益比越低杠杆越低 | — | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资DLTHIIPR
| Q4 25 | $8.2M | $47.6M | ||
| Q3 25 | $5.7M | $41.9M | ||
| Q2 25 | $8.6M | $104.9M | ||
| Q1 25 | $3.3M | $133.3M | ||
| Q4 24 | $9.3M | $151.2M | ||
| Q3 24 | $9.8M | $172.4M | ||
| Q2 24 | $6.8M | $160.9M | ||
| Q1 24 | $32.2M | $173.5M |
总债务DLTHIIPR
| Q4 25 | — | $393.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DLTHIIPR
| Q4 25 | $160.6M | $1.8B | ||
| Q3 25 | $170.0M | $1.9B | ||
| Q2 25 | $167.9M | $1.9B | ||
| Q1 25 | $182.7M | $1.9B | ||
| Q4 24 | $188.1M | $1.9B | ||
| Q3 24 | $215.7M | $1.9B | ||
| Q2 24 | $218.4M | $1.9B | ||
| Q1 24 | $222.8M | $2.0B |
总资产DLTHIIPR
| Q4 25 | $468.0M | $2.4B | ||
| Q3 25 | $433.8M | $2.3B | ||
| Q2 25 | $463.7M | $2.3B | ||
| Q1 25 | $452.4M | $2.4B | ||
| Q4 24 | $533.1M | $2.4B | ||
| Q3 24 | $488.6M | $2.4B | ||
| Q2 24 | $471.4M | $2.4B | ||
| Q1 24 | $491.2M | $2.4B |
负债/权益比DLTHIIPR
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $198.2M |
| 自由现金流经营现金流 - 资本支出 | $-8.9M | — |
| 自由现金流率自由现金流/营收 | -7.8% | — |
| 资本支出强度资本支出/营收 | 2.0% | — |
| 现金转化率经营现金流/净利润 | — | 6.22× |
| 过去12个月自由现金流最近4个季度 | $1.7M | — |
8季度趋势，按日历期对齐
经营现金流DLTHIIPR
| Q4 25 | $-6.7M | $198.2M | ||
| Q3 25 | $32.0M | $45.6M | ||
| Q2 25 | $-56.5M | $48.4M | ||
| Q1 25 | $41.2M | $54.2M | ||
| Q4 24 | $-41.1M | $258.4M | ||
| Q3 24 | $16.6M | $64.9M | ||
| Q2 24 | $-33.7M | $64.2M | ||
| Q1 24 | $69.7M | $71.6M |
自由现金流DLTHIIPR
| Q4 25 | $-8.9M | — | ||
| Q3 25 | $29.8M | — | ||
| Q2 25 | $-57.8M | — | ||
| Q1 25 | $38.7M | — | ||
| Q4 24 | $-43.7M | — | ||
| Q3 24 | $15.0M | — | ||
| Q2 24 | $-35.2M | — | ||
| Q1 24 | $60.6M | — |
自由现金流率DLTHIIPR
| Q4 25 | -7.8% | — | ||
| Q3 25 | 22.6% | — | ||
| Q2 25 | -56.3% | — | ||
| Q1 25 | 16.0% | — | ||
| Q4 24 | -34.4% | — | ||
| Q3 24 | 10.6% | — | ||
| Q2 24 | -30.2% | — | ||
| Q1 24 | 24.7% | — |
资本支出强度DLTHIIPR
| Q4 25 | 2.0% | — | ||
| Q3 25 | 1.7% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 1.2% | — | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | 3.7% | — |
现金转化率DLTHIIPR
| Q4 25 | — | 6.22× | ||
| Q3 25 | 25.40× | 1.56× | ||
| Q2 25 | — | 1.86× | ||
| Q1 25 | — | 1.75× | ||
| Q4 24 | — | 6.46× | ||
| Q3 24 | — | 1.61× | ||
| Q2 24 | — | 1.53× | ||
| Q1 24 | 10.86× | 1.82× |
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% |
IIPR
暂无分部数据
