vs
DULUTH HOLDINGS INC.（DLTH）与合众银行（OSBC）财务数据对比。点击上方公司名可切换其他公司
DULUTH HOLDINGS INC.的季度营收约是合众银行的1.2倍（$114.9M vs $93.8M），合众银行净利率更高（27.3% vs -8.8%，领先36.1%），过去两年合众银行的营收复合增速更高（15.1% 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。
合众银行是一家总部位于美国明尼阿波利斯、在特拉华州注册的美国跨国银行机构。截至2025年，它是美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的金融机构，主营银行、投资、抵押等金融服务。
DLTH vs OSBC — 直观对比
营收规模更大
DLTH
是对方的1.2倍
$93.8M
净利率更高
OSBC
高出36.1%
-8.8%
两年增速更快
OSBC
近两年复合增速
-31.6%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $114.9M | $93.8M |
| 净利润 | $-10.1M | $25.6M |
| 毛利率 | 53.8% | — |
| 营业利润率 | -7.7% | — |
| 净利率 | -8.8% | 27.3% |
| 营收同比 | -9.6% | — |
| 净利润同比 | 64.6% | 159.2% |
| 每股收益（稀释后） | $-0.29 | $0.48 |
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DLTHOSBC
| Q1 26 | — | $93.8M | ||
| Q4 25 | $114.9M | $95.2M | ||
| Q3 25 | $131.7M | $95.9M | ||
| Q2 25 | $102.7M | $75.1M | ||
| Q1 25 | $241.3M | $73.1M | ||
| Q4 24 | $127.1M | $73.2M | ||
| Q3 24 | $141.6M | $71.2M | ||
| Q2 24 | $116.7M | $70.8M |
净利润DLTHOSBC
| Q1 26 | — | $25.6M | ||
| Q4 25 | $-10.1M | — | ||
| Q3 25 | $1.3M | $9.9M | ||
| Q2 25 | $-15.3M | $21.8M | ||
| Q1 25 | $-5.6M | $19.8M | ||
| Q4 24 | $-28.2M | — | ||
| Q3 24 | $-2.0M | $23.0M | ||
| Q2 24 | $-7.9M | $21.9M |
毛利率DLTHOSBC
| 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DLTHOSBC
| Q1 26 | — | — | ||
| Q4 25 | -7.7% | 41.2% | ||
| Q3 25 | 1.8% | 13.6% | ||
| Q2 25 | -12.0% | 38.9% | ||
| Q1 25 | -1.8% | 35.8% | ||
| Q4 24 | -17.4% | 34.7% | ||
| Q3 24 | -1.1% | 41.9% | ||
| Q2 24 | -7.7% | 41.2% |
净利率DLTHOSBC
| Q1 26 | — | 27.3% | ||
| Q4 25 | -8.8% | — | ||
| Q3 25 | 1.0% | 10.3% | ||
| Q2 25 | -14.9% | 29.0% | ||
| Q1 25 | -2.3% | 27.1% | ||
| Q4 24 | -22.2% | — | ||
| Q3 24 | -1.4% | 32.3% | ||
| Q2 24 | -6.7% | 30.9% |
每股收益（稀释后）DLTHOSBC
| Q1 26 | — | $0.48 | ||
| Q4 25 | $-0.29 | $0.53 | ||
| Q3 25 | $0.04 | $0.18 | ||
| Q2 25 | $-0.45 | $0.48 | ||
| Q1 25 | $-0.17 | $0.43 | ||
| Q4 24 | $-0.84 | $0.42 | ||
| Q3 24 | $-0.06 | $0.50 | ||
| Q2 24 | $-0.24 | $0.48 |
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 | $115.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $160.6M | $893.3M |
| 总资产 | $468.0M | $6.8B |
| 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DLTHOSBC
| Q1 26 | — | $115.7M | ||
| Q4 25 | $8.2M | $124.0M | ||
| Q3 25 | $5.7M | $116.5M | ||
| Q2 25 | $8.6M | $141.8M | ||
| Q1 25 | $3.3M | $256.1M | ||
| Q4 24 | $9.3M | $99.3M | ||
| Q3 24 | $9.8M | $115.8M | ||
| Q2 24 | $6.8M | $120.9M |
股东权益DLTHOSBC
| Q1 26 | — | $893.3M | ||
| Q4 25 | $160.6M | $896.8M | ||
| Q3 25 | $170.0M | $866.7M | ||
| Q2 25 | $167.9M | $718.6M | ||
| Q1 25 | $182.7M | $694.5M | ||
| Q4 24 | $188.1M | $671.0M | ||
| Q3 24 | $215.7M | $661.4M | ||
| Q2 24 | $218.4M | $619.3M |
总资产DLTHOSBC
| Q1 26 | — | $6.8B | ||
| Q4 25 | $468.0M | $6.9B | ||
| Q3 25 | $433.8M | $7.0B | ||
| Q2 25 | $463.7M | $5.7B | ||
| Q1 25 | $452.4M | $5.7B | ||
| Q4 24 | $533.1M | $5.6B | ||
| Q3 24 | $488.6M | $5.7B | ||
| Q2 24 | $471.4M | $5.7B |
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 | — |
| 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DLTHOSBC
| Q1 26 | — | — | ||
| Q4 25 | $-6.7M | $122.3M | ||
| Q3 25 | $32.0M | $35.9M | ||
| Q2 25 | $-56.5M | $24.2M | ||
| Q1 25 | $41.2M | $17.8M | ||
| Q4 24 | $-41.1M | $131.5M | ||
| Q3 24 | $16.6M | $48.5M | ||
| Q2 24 | $-33.7M | $11.6M |
自由现金流DLTHOSBC
| Q1 26 | — | — | ||
| Q4 25 | $-8.9M | $117.8M | ||
| Q3 25 | $29.8M | $34.7M | ||
| Q2 25 | $-57.8M | $23.5M | ||
| Q1 25 | $38.7M | $16.2M | ||
| Q4 24 | $-43.7M | $120.7M | ||
| Q3 24 | $15.0M | $46.2M | ||
| Q2 24 | $-35.2M | $8.7M |
自由现金流率DLTHOSBC
| Q1 26 | — | — | ||
| Q4 25 | -7.8% | 123.7% | ||
| Q3 25 | 22.6% | 36.2% | ||
| Q2 25 | -56.3% | 31.2% | ||
| Q1 25 | 16.0% | 22.2% | ||
| Q4 24 | -34.4% | 165.0% | ||
| Q3 24 | 10.6% | 64.9% | ||
| Q2 24 | -30.2% | 12.3% |
资本支出强度DLTHOSBC
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | 4.7% | ||
| Q3 25 | 1.7% | 1.3% | ||
| Q2 25 | 1.3% | 1.1% | ||
| Q1 25 | 1.0% | 2.2% | ||
| Q4 24 | 2.1% | 14.7% | ||
| Q3 24 | 1.2% | 3.3% | ||
| Q2 24 | 1.3% | 4.2% |
现金转化率DLTHOSBC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 25.40× | 3.64× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.11× | ||
| Q2 24 | — | 0.53× |
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% |
OSBC
| Net Interest Income | $81.1M | 87% |
| Noninterest Income | $12.6M | 13% |
