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DULUTH HOLDINGS INC.（DLTH）与PDF SOLUTIONS INC（PDFS）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PDF SOLUTIONS INC的1.8倍（$114.9M vs $62.4M），PDF SOLUTIONS INC净利率更高（-0.1% vs -8.8%，领先8.7%），PDF SOLUTIONS INC同比增速更快（24.6% vs -9.6%），PDF SOLUTIONS INC自由现金流更多（$7.5M vs $-8.9M），过去两年PDF SOLUTIONS INC的营收复合增速更高（22.9% 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。
PDF Solutions Inc是一家总部位于美国加利福尼亚州圣克拉拉的跨国企业，主营软件业务与工程技术服务，目前在纳斯达克交易所挂牌上市，股票代码为PDFS。
DLTH vs PDFS — 直观对比
营收规模更大
DLTH
是对方的1.8倍
$62.4M
营收增速更快
PDFS
高出34.2%
-9.6%
净利率更高
PDFS
高出8.7%
-8.8%
自由现金流更多
PDFS
多$16.5M
$-8.9M
两年增速更快
PDFS
近两年复合增速
-31.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $114.9M | $62.4M |
| 净利润 | $-10.1M | $-48.0K |
| 毛利率 | 53.8% | 72.9% |
| 营业利润率 | -7.7% | 5.5% |
| 净利率 | -8.8% | -0.1% |
| 营收同比 | -9.6% | 24.6% |
| 净利润同比 | 64.6% | -108.9% |
| 每股收益（稀释后） | $-0.29 | $0.00 |
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DLTHPDFS
| Q4 25 | $114.9M | $62.4M | ||
| Q3 25 | $131.7M | $57.1M | ||
| Q2 25 | $102.7M | $51.7M | ||
| Q1 25 | $241.3M | $47.8M | ||
| Q4 24 | $127.1M | $50.1M | ||
| Q3 24 | $141.6M | $46.4M | ||
| Q2 24 | $116.7M | $41.7M | ||
| Q1 24 | $245.6M | $41.3M |
净利润DLTHPDFS
| Q4 25 | $-10.1M | $-48.0K | ||
| Q3 25 | $1.3M | $1.3M | ||
| Q2 25 | $-15.3M | $1.1M | ||
| Q1 25 | $-5.6M | $-3.0M | ||
| Q4 24 | $-28.2M | $539.0K | ||
| Q3 24 | $-2.0M | $2.2M | ||
| Q2 24 | $-7.9M | $1.7M | ||
| Q1 24 | $6.4M | $-393.0K |
毛利率DLTHPDFS
| Q4 25 | 53.8% | 72.9% | ||
| Q3 25 | 54.7% | 72.3% | ||
| Q2 25 | 52.0% | 71.2% | ||
| Q1 25 | 44.1% | 72.9% | ||
| Q4 24 | 52.3% | 68.3% | ||
| Q3 24 | 52.3% | 73.1% | ||
| Q2 24 | 52.8% | 70.6% | ||
| Q1 24 | 48.2% | 67.3% |
营业利润率DLTHPDFS
| Q4 25 | -7.7% | 5.5% | ||
| Q3 25 | 1.8% | 8.5% | ||
| Q2 25 | -12.0% | 2.2% | ||
| Q1 25 | -1.8% | -7.4% | ||
| Q4 24 | -17.4% | 1.0% | ||
| Q3 24 | -1.1% | 4.6% | ||
| Q2 24 | -7.7% | 0.6% | ||
| Q1 24 | 3.6% | -4.7% |
净利率DLTHPDFS
| Q4 25 | -8.8% | -0.1% | ||
| Q3 25 | 1.0% | 2.3% | ||
| Q2 25 | -14.9% | 2.2% | ||
| Q1 25 | -2.3% | -6.3% | ||
| Q4 24 | -22.2% | 1.1% | ||
| Q3 24 | -1.4% | 4.8% | ||
| Q2 24 | -6.7% | 4.1% | ||
| Q1 24 | 2.6% | -1.0% |
每股收益（稀释后）DLTHPDFS
| Q4 25 | $-0.29 | $0.00 | ||
| Q3 25 | $0.04 | $0.03 | ||
| Q2 25 | $-0.45 | $0.03 | ||
| Q1 25 | $-0.17 | $-0.08 | ||
| Q4 24 | $-0.84 | $0.01 | ||
| Q3 24 | $-0.06 | $0.06 | ||
| Q2 24 | $-0.24 | $0.04 | ||
| Q1 24 | $0.20 | $-0.01 |
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 | $42.2M |
| 总债务越低越好 | — | $67.0M |
| 股东权益账面价值 | $160.6M | $271.0M |
| 总资产 | $468.0M | $418.7M |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资DLTHPDFS
| Q4 25 | $8.2M | $42.2M | ||
| Q3 25 | $5.7M | $35.9M | ||
| Q2 25 | $8.6M | $40.4M | ||
| Q1 25 | $3.3M | $54.1M | ||
| Q4 24 | $9.3M | $114.9M | ||
| Q3 24 | $9.8M | $120.2M | ||
| Q2 24 | $6.8M | $117.9M | ||
| Q1 24 | $32.2M | $122.9M |
总债务DLTHPDFS
| Q4 25 | — | $67.0M | ||
| Q3 25 | — | $67.6M | ||
| Q2 25 | — | $68.1M | ||
| Q1 25 | — | $68.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DLTHPDFS
| Q4 25 | $160.6M | $271.0M | ||
| Q3 25 | $170.0M | $264.4M | ||
| Q2 25 | $167.9M | $257.5M | ||
| Q1 25 | $182.7M | $249.0M | ||
| Q4 24 | $188.1M | $246.0M | ||
| Q3 24 | $215.7M | $240.5M | ||
| Q2 24 | $218.4M | $232.2M | ||
| Q1 24 | $222.8M | $225.4M |
总资产DLTHPDFS
| Q4 25 | $468.0M | $418.7M | ||
| Q3 25 | $433.8M | $406.4M | ||
| Q2 25 | $463.7M | $391.1M | ||
| Q1 25 | $452.4M | $390.0M | ||
| Q4 24 | $533.1M | $315.3M | ||
| Q3 24 | $488.6M | $307.4M | ||
| Q2 24 | $471.4M | $298.0M | ||
| Q1 24 | $491.2M | $286.8M |
负债/权益比DLTHPDFS
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.28× | ||
| 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 | $17.3M |
| 自由现金流经营现金流 - 资本支出 | $-8.9M | $7.5M |
| 自由现金流率自由现金流/营收 | -7.8% | 12.1% |
| 资本支出强度资本支出/营收 | 2.0% | 15.7% |
| 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 | $-8.6M |
8季度趋势，按日历期对齐
经营现金流DLTHPDFS
| Q4 25 | $-6.7M | $17.3M | ||
| Q3 25 | $32.0M | $3.3M | ||
| Q2 25 | $-56.5M | $-5.2M | ||
| Q1 25 | $41.2M | $8.6M | ||
| Q4 24 | $-41.1M | $1.6M | ||
| Q3 24 | $16.6M | $9.3M | ||
| Q2 24 | $-33.7M | $684.0K | ||
| Q1 24 | $69.7M | $-1.9M |
自由现金流DLTHPDFS
| Q4 25 | $-8.9M | $7.5M | ||
| Q3 25 | $29.8M | $-2.9M | ||
| Q2 25 | $-57.8M | $-13.8M | ||
| Q1 25 | $38.7M | $535.0K | ||
| Q4 24 | $-43.7M | $-4.0M | ||
| Q3 24 | $15.0M | $5.1M | ||
| Q2 24 | $-35.2M | $-4.6M | ||
| Q1 24 | $60.6M | $-3.9M |
自由现金流率DLTHPDFS
| Q4 25 | -7.8% | 12.1% | ||
| Q3 25 | 22.6% | -5.1% | ||
| Q2 25 | -56.3% | -26.6% | ||
| Q1 25 | 16.0% | 1.1% | ||
| Q4 24 | -34.4% | -8.0% | ||
| Q3 24 | 10.6% | 11.0% | ||
| Q2 24 | -30.2% | -11.1% | ||
| Q1 24 | 24.7% | -9.4% |
资本支出强度DLTHPDFS
| Q4 25 | 2.0% | 15.7% | ||
| Q3 25 | 1.7% | 10.8% | ||
| Q2 25 | 1.3% | 16.5% | ||
| Q1 25 | 1.0% | 17.0% | ||
| Q4 24 | 2.1% | 11.3% | ||
| Q3 24 | 1.2% | 9.0% | ||
| Q2 24 | 1.3% | 12.8% | ||
| Q1 24 | 3.7% | 4.9% |
现金转化率DLTHPDFS
| Q4 25 | — | — | ||
| Q3 25 | 25.40× | 2.54× | ||
| Q2 25 | — | -4.55× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.98× | ||
| Q3 24 | — | 4.20× | ||
| Q2 24 | — | 0.40× | ||
| 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% |
PDFS
| Volumebased | $38.0M | 61% |
| Other | $24.4M | 39% |
