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DULUTH HOLDINGS INC.（DLTH）与MP Materials Corp.（MP）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MP Materials Corp.的1.3倍（$114.9M vs $90.6M），MP Materials Corp.净利率更高（-8.8% vs -8.8%，领先0.0%），MP Materials Corp.同比增速更快（49.1% vs -9.6%），过去两年MP Materials Corp.的营收复合增速更高（70.3% 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。
MP Materials Corp.是总部位于美国的稀土材料生产商，拥有并运营加利福尼亚州芒廷帕斯矿，这是西半球唯一在产的稀土开采及加工设施，所产核心材料可广泛应用于电动汽车、风力发电机、国防工业等多个关键领域。
DLTH vs MP — 直观对比
营收规模更大
DLTH
是对方的1.3倍
$90.6M
营收增速更快
MP
高出58.7%
-9.6%
净利率更高
MP
高出0.0%
-8.8%
两年增速更快
MP
近两年复合增速
-31.6%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $114.9M | $90.6M |
| 净利润 | $-10.1M | $-8.0M |
| 毛利率 | 53.8% | — |
| 营业利润率 | -7.7% | — |
| 净利率 | -8.8% | -8.8% |
| 营收同比 | -9.6% | 49.1% |
| 净利润同比 | 64.6% | 64.8% |
| 每股收益（稀释后） | $-0.29 | $-0.04 |
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DLTHMP
| Q1 26 | — | $90.6M | ||
| Q4 25 | $114.9M | $52.7M | ||
| Q3 25 | $131.7M | $53.6M | ||
| Q2 25 | $102.7M | $57.4M | ||
| Q1 25 | $241.3M | $60.8M | ||
| Q4 24 | $127.1M | $61.0M | ||
| Q3 24 | $141.6M | $62.9M | ||
| Q2 24 | $116.7M | $31.3M |
净利润DLTHMP
| Q1 26 | — | $-8.0M | ||
| Q4 25 | $-10.1M | $9.4M | ||
| Q3 25 | $1.3M | $-41.8M | ||
| Q2 25 | $-15.3M | $-30.9M | ||
| Q1 25 | $-5.6M | $-22.6M | ||
| Q4 24 | $-28.2M | $-22.3M | ||
| Q3 24 | $-2.0M | $-25.5M | ||
| Q2 24 | $-7.9M | $-34.1M |
毛利率DLTHMP
| Q1 26 | — | — | ||
| 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% | — |
营业利润率DLTHMP
| Q1 26 | — | — | ||
| Q4 25 | -7.7% | -7.0% | ||
| Q3 25 | 1.8% | -125.2% | ||
| Q2 25 | -12.0% | -76.5% | ||
| Q1 25 | -1.8% | -57.2% | ||
| Q4 24 | -17.4% | -72.1% | ||
| Q3 24 | -1.1% | -62.8% | ||
| Q2 24 | -7.7% | -171.1% |
净利率DLTHMP
| Q1 26 | — | -8.8% | ||
| Q4 25 | -8.8% | 17.9% | ||
| Q3 25 | 1.0% | -78.0% | ||
| Q2 25 | -14.9% | -53.8% | ||
| Q1 25 | -2.3% | -37.2% | ||
| Q4 24 | -22.2% | -36.6% | ||
| Q3 24 | -1.4% | -40.5% | ||
| Q2 24 | -6.7% | -108.9% |
每股收益（稀释后）DLTHMP
| Q1 26 | — | $-0.04 | ||
| Q4 25 | $-0.29 | $0.07 | ||
| Q3 25 | $0.04 | $-0.24 | ||
| Q2 25 | $-0.45 | $-0.19 | ||
| Q1 25 | $-0.17 | $-0.14 | ||
| Q4 24 | $-0.84 | $-0.12 | ||
| Q3 24 | $-0.06 | $-0.16 | ||
| Q2 24 | $-0.24 | $-0.21 |
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 | $1.7B |
| 总债务越低越好 | — | $1.0B |
| 股东权益账面价值 | $160.6M | $2.0B |
| 总资产 | $468.0M | $3.8B |
| 负债/权益比越低杠杆越低 | — | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资DLTHMP
| Q1 26 | — | $1.7B | ||
| Q4 25 | $8.2M | $1.2B | ||
| Q3 25 | $5.7M | $1.1B | ||
| Q2 25 | $8.6M | $261.5M | ||
| Q1 25 | $3.3M | $198.3M | ||
| Q4 24 | $9.3M | $282.4M | ||
| Q3 24 | $9.8M | $284.4M | ||
| Q2 24 | $6.8M | $295.6M |
总债务DLTHMP
| Q1 26 | — | $1.0B | ||
| Q4 25 | — | $998.7M | ||
| Q3 25 | — | $997.3M | ||
| Q2 25 | — | $910.8M | ||
| Q1 25 | — | $909.8M | ||
| Q4 24 | — | $908.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益DLTHMP
| Q1 26 | — | $2.0B | ||
| Q4 25 | $160.6M | $2.0B | ||
| Q3 25 | $170.0M | $2.0B | ||
| Q2 25 | $167.9M | $1.0B | ||
| Q1 25 | $182.7M | $1.0B | ||
| Q4 24 | $188.1M | $1.1B | ||
| Q3 24 | $215.7M | $1.1B | ||
| Q2 24 | $218.4M | $1.1B |
总资产DLTHMP
| Q1 26 | — | $3.8B | ||
| Q4 25 | $468.0M | $3.9B | ||
| Q3 25 | $433.8M | $3.8B | ||
| Q2 25 | $463.7M | $2.3B | ||
| Q1 25 | $452.4M | $2.4B | ||
| Q4 24 | $533.1M | $2.3B | ||
| Q3 24 | $488.6M | $2.3B | ||
| Q2 24 | $471.4M | $2.4B |
负债/权益比DLTHMP
| Q1 26 | — | 0.51× | ||
| Q4 25 | — | 0.50× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.88× | ||
| Q4 24 | — | 0.86× | ||
| Q3 24 | — | — | ||
| Q2 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 | $-1.9M |
| 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 | — | — |
| 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DLTHMP
| Q1 26 | — | $-1.9M | ||
| Q4 25 | $-6.7M | $-46.9M | ||
| Q3 25 | $32.0M | $-42.0M | ||
| Q2 25 | $-56.5M | $-3.7M | ||
| Q1 25 | $41.2M | $-63.2M | ||
| Q4 24 | $-41.1M | $30.5M | ||
| Q3 24 | $16.6M | $-6.8M | ||
| Q2 24 | $-33.7M | $30.8M |
自由现金流DLTHMP
| Q1 26 | — | — | ||
| Q4 25 | $-8.9M | $-109.3M | ||
| Q3 25 | $29.8M | $-92.5M | ||
| Q2 25 | $-57.8M | $-32.7M | ||
| Q1 25 | $38.7M | $-93.7M | ||
| Q4 24 | $-43.7M | $-11.2M | ||
| Q3 24 | $15.0M | $-53.3M | ||
| Q2 24 | $-35.2M | $-15.6M |
自由现金流率DLTHMP
| Q1 26 | — | — | ||
| Q4 25 | -7.8% | -207.4% | ||
| Q3 25 | 22.6% | -172.8% | ||
| Q2 25 | -56.3% | -56.9% | ||
| Q1 25 | 16.0% | -154.0% | ||
| Q4 24 | -34.4% | -18.3% | ||
| Q3 24 | 10.6% | -84.7% | ||
| Q2 24 | -30.2% | -50.1% |
资本支出强度DLTHMP
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 118.5% | ||
| Q3 25 | 1.7% | 94.3% | ||
| Q2 25 | 1.3% | 50.5% | ||
| Q1 25 | 1.0% | 50.1% | ||
| Q4 24 | 2.1% | 68.3% | ||
| Q3 24 | 1.2% | 73.8% | ||
| Q2 24 | 1.3% | 148.7% |
现金转化率DLTHMP
| Q1 26 | — | — | ||
| Q4 25 | — | -4.97× | ||
| Q3 25 | 25.40× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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% |
MP
| Materials Segment | $72.2M | 80% |
| Magnetics Segment | $21.1M | 23% |
