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DULUTH HOLDINGS INC.（DLTH）与STURM RUGER & CO INC（RGR）财务数据对比。点击上方公司名可切换其他公司
STURM RUGER & CO INC的季度营收约是DULUTH HOLDINGS INC.的1.3倍（$151.1M vs $114.9M），STURM RUGER & CO INC同比增速更快（3.6% vs -9.6%），STURM RUGER & CO INC自由现金流更多（$12.3M vs $-8.9M），过去两年STURM RUGER & CO INC的营收复合增速更高（5.1% 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。
鲁格公司（Ruger）是总部位于美国康涅狄格州绍斯波特的枪械制造企业，除总部外，还在新罕布什尔州纽波特、北卡罗来纳州梅约丹以及亚利桑那州普雷斯科特设有生产工厂。公司由亚历山大·麦考密克·斯特姆与威廉·B·鲁格于1949年共同创立，自1969年起公开上市交易。
DLTH vs RGR — 直观对比
营收规模更大
RGR
是对方的1.3倍
$114.9M
营收增速更快
RGR
高出13.2%
-9.6%
自由现金流更多
RGR
多$21.3M
$-8.9M
两年增速更快
RGR
近两年复合增速
-31.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $114.9M | $151.1M |
| 净利润 | $-10.1M | — |
| 毛利率 | 53.8% | 17.8% |
| 营业利润率 | -7.7% | 2.3% |
| 净利率 | -8.8% | — |
| 营收同比 | -9.6% | 3.6% |
| 净利润同比 | 64.6% | — |
| 每股收益（稀释后） | $-0.29 | $0.22 |
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DLTHRGR
| Q4 25 | $114.9M | $151.1M | ||
| Q3 25 | $131.7M | $126.8M | ||
| Q2 25 | $102.7M | $132.5M | ||
| Q1 25 | $241.3M | $135.7M | ||
| Q4 24 | $127.1M | $145.8M | ||
| Q3 24 | $141.6M | $122.3M | ||
| Q2 24 | $116.7M | $130.8M | ||
| Q1 24 | $245.6M | $136.8M |
净利润DLTHRGR
| Q4 25 | $-10.1M | — | ||
| Q3 25 | $1.3M | $1.6M | ||
| Q2 25 | $-15.3M | $-17.2M | ||
| Q1 25 | $-5.6M | $7.8M | ||
| Q4 24 | $-28.2M | — | ||
| Q3 24 | $-2.0M | $4.7M | ||
| Q2 24 | $-7.9M | $8.3M | ||
| Q1 24 | $6.4M | $7.1M |
毛利率DLTHRGR
| Q4 25 | 53.8% | 17.8% | ||
| Q3 25 | 54.7% | 15.1% | ||
| Q2 25 | 52.0% | 3.9% | ||
| Q1 25 | 44.1% | 22.0% | ||
| Q4 24 | 52.3% | 22.8% | ||
| Q3 24 | 52.3% | 18.5% | ||
| Q2 24 | 52.8% | 22.3% | ||
| Q1 24 | 48.2% | 21.5% |
营业利润率DLTHRGR
| Q4 25 | -7.7% | 2.3% | ||
| Q3 25 | 1.8% | -2.7% | ||
| Q2 25 | -12.0% | -15.6% | ||
| Q1 25 | -1.8% | 6.2% | ||
| Q4 24 | -17.4% | 7.8% | ||
| Q3 24 | -1.1% | 3.1% | ||
| Q2 24 | -7.7% | 6.9% | ||
| Q1 24 | 3.6% | 5.5% |
净利率DLTHRGR
| Q4 25 | -8.8% | — | ||
| Q3 25 | 1.0% | 1.2% | ||
| Q2 25 | -14.9% | -13.0% | ||
| Q1 25 | -2.3% | 5.7% | ||
| Q4 24 | -22.2% | — | ||
| Q3 24 | -1.4% | 3.9% | ||
| Q2 24 | -6.7% | 6.3% | ||
| Q1 24 | 2.6% | 5.2% |
每股收益（稀释后）DLTHRGR
| Q4 25 | $-0.29 | $0.22 | ||
| Q3 25 | $0.04 | $0.10 | ||
| Q2 25 | $-0.45 | $-1.05 | ||
| Q1 25 | $-0.17 | $0.46 | ||
| Q4 24 | $-0.84 | $0.62 | ||
| Q3 24 | $-0.06 | $0.28 | ||
| Q2 24 | $-0.24 | $0.47 | ||
| Q1 24 | $0.20 | $0.40 |
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 | $92.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $160.6M | $283.8M |
| 总资产 | $468.0M | $342.0M |
| 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DLTHRGR
| Q4 25 | $8.2M | $92.5M | ||
| Q3 25 | $5.7M | $80.8M | ||
| Q2 25 | $8.6M | $101.4M | ||
| Q1 25 | $3.3M | $108.3M | ||
| Q4 24 | $9.3M | $105.5M | ||
| Q3 24 | $9.8M | $96.0M | ||
| Q2 24 | $6.8M | $105.6M | ||
| Q1 24 | $32.2M | $115.3M |
股东权益DLTHRGR
| Q4 25 | $160.6M | $283.8M | ||
| Q3 25 | $170.0M | $279.6M | ||
| Q2 25 | $167.9M | $289.3M | ||
| Q1 25 | $182.7M | $321.5M | ||
| Q4 24 | $188.1M | $319.6M | ||
| Q3 24 | $215.7M | $314.9M | ||
| Q2 24 | $218.4M | $321.5M | ||
| Q1 24 | $222.8M | $332.0M |
总资产DLTHRGR
| Q4 25 | $468.0M | $342.0M | ||
| Q3 25 | $433.8M | $342.3M | ||
| Q2 25 | $463.7M | $349.5M | ||
| Q1 25 | $452.4M | $379.0M | ||
| Q4 24 | $533.1M | $384.0M | ||
| Q3 24 | $488.6M | $373.5M | ||
| Q2 24 | $471.4M | $376.7M | ||
| Q1 24 | $491.2M | $385.0M |
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 | $15.5M |
| 自由现金流经营现金流 - 资本支出 | $-8.9M | $12.3M |
| 自由现金流率自由现金流/营收 | -7.8% | 8.2% |
| 资本支出强度资本支出/营收 | 2.0% | 2.1% |
| 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 | $38.5M |
8季度趋势，按日历期对齐
经营现金流DLTHRGR
| Q4 25 | $-6.7M | $15.5M | ||
| Q3 25 | $32.0M | $12.9M | ||
| Q2 25 | $-56.5M | $14.7M | ||
| Q1 25 | $41.2M | $11.1M | ||
| Q4 24 | $-41.1M | $20.0M | ||
| Q3 24 | $16.6M | $9.4M | ||
| Q2 24 | $-33.7M | $18.7M | ||
| Q1 24 | $69.7M | $7.3M |
自由现金流DLTHRGR
| Q4 25 | $-8.9M | $12.3M | ||
| Q3 25 | $29.8M | $7.0M | ||
| Q2 25 | $-57.8M | $9.1M | ||
| Q1 25 | $38.7M | $10.0M | ||
| Q4 24 | $-43.7M | $16.4M | ||
| Q3 24 | $15.0M | $2.6M | ||
| Q2 24 | $-35.2M | $10.1M | ||
| Q1 24 | $60.6M | $5.6M |
自由现金流率DLTHRGR
| Q4 25 | -7.8% | 8.2% | ||
| Q3 25 | 22.6% | 5.5% | ||
| Q2 25 | -56.3% | 6.9% | ||
| Q1 25 | 16.0% | 7.4% | ||
| Q4 24 | -34.4% | 11.2% | ||
| Q3 24 | 10.6% | 2.1% | ||
| Q2 24 | -30.2% | 7.7% | ||
| Q1 24 | 24.7% | 4.1% |
资本支出强度DLTHRGR
| Q4 25 | 2.0% | 2.1% | ||
| Q3 25 | 1.7% | 4.6% | ||
| Q2 25 | 1.3% | 4.2% | ||
| Q1 25 | 1.0% | 0.8% | ||
| Q4 24 | 2.1% | 2.5% | ||
| Q3 24 | 1.2% | 5.5% | ||
| Q2 24 | 1.3% | 6.6% | ||
| Q1 24 | 3.7% | 1.3% |
现金转化率DLTHRGR
| Q4 25 | — | — | ||
| Q3 25 | 25.40× | 8.15× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.43× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.98× | ||
| Q2 24 | — | 2.27× | ||
| Q1 24 | 10.86× | 1.04× |
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% |
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
