vs
DULUTH HOLDINGS INC.（DLTH）与null（SWIM）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null的1.1倍（$114.9M vs $100.0M），null净利率更高（-7.0% vs -8.8%，领先1.8%），null同比增速更快（14.5% vs -9.6%），null自由现金流更多（$14.1M vs $-8.9M），过去两年null的营收复合增速更高（-4.9% 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。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
DLTH vs SWIM — 直观对比
营收规模更大
DLTH
是对方的1.1倍
$100.0M
营收增速更快
SWIM
高出24.1%
-9.6%
净利率更高
SWIM
高出1.8%
-8.8%
自由现金流更多
SWIM
多$23.0M
$-8.9M
两年增速更快
SWIM
近两年复合增速
-31.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $114.9M | $100.0M |
| 净利润 | $-10.1M | $-7.0M |
| 毛利率 | 53.8% | 28.0% |
| 营业利润率 | -7.7% | -10.7% |
| 净利率 | -8.8% | -7.0% |
| 营收同比 | -9.6% | 14.5% |
| 净利润同比 | 64.6% | 76.0% |
| 每股收益（稀释后） | $-0.29 | $-0.06 |
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DLTHSWIM
| Q4 25 | $114.9M | $100.0M | ||
| Q3 25 | $131.7M | $161.9M | ||
| Q2 25 | $102.7M | $172.6M | ||
| Q1 25 | $241.3M | $111.4M | ||
| Q4 24 | $127.1M | $87.3M | ||
| Q3 24 | $141.6M | $150.5M | ||
| Q2 24 | $116.7M | $160.1M | ||
| Q1 24 | $245.6M | $110.6M |
净利润DLTHSWIM
| Q4 25 | $-10.1M | $-7.0M | ||
| Q3 25 | $1.3M | $8.1M | ||
| Q2 25 | $-15.3M | $16.0M | ||
| Q1 25 | $-5.6M | $-6.0M | ||
| Q4 24 | $-28.2M | $-29.2M | ||
| Q3 24 | $-2.0M | $5.9M | ||
| Q2 24 | $-7.9M | $13.3M | ||
| Q1 24 | $6.4M | $-7.9M |
毛利率DLTHSWIM
| Q4 25 | 53.8% | 28.0% | ||
| Q3 25 | 54.7% | 35.4% | ||
| Q2 25 | 52.0% | 37.1% | ||
| Q1 25 | 44.1% | 29.5% | ||
| Q4 24 | 52.3% | 24.6% | ||
| Q3 24 | 52.3% | 32.4% | ||
| Q2 24 | 52.8% | 33.1% | ||
| Q1 24 | 48.2% | 27.7% |
营业利润率DLTHSWIM
| Q4 25 | -7.7% | -10.7% | ||
| Q3 25 | 1.8% | 13.3% | ||
| Q2 25 | -12.0% | 14.3% | ||
| Q1 25 | -1.8% | -4.4% | ||
| Q4 24 | -17.4% | -14.9% | ||
| Q3 24 | -1.1% | 8.9% | ||
| Q2 24 | -7.7% | 12.5% | ||
| Q1 24 | 3.6% | -1.9% |
净利率DLTHSWIM
| Q4 25 | -8.8% | -7.0% | ||
| Q3 25 | 1.0% | 5.0% | ||
| Q2 25 | -14.9% | 9.3% | ||
| Q1 25 | -2.3% | -5.4% | ||
| Q4 24 | -22.2% | -33.4% | ||
| Q3 24 | -1.4% | 3.9% | ||
| Q2 24 | -6.7% | 8.3% | ||
| Q1 24 | 2.6% | -7.1% |
每股收益（稀释后）DLTHSWIM
| Q4 25 | $-0.29 | $-0.06 | ||
| Q3 25 | $0.04 | $0.07 | ||
| Q2 25 | $-0.45 | $0.13 | ||
| Q1 25 | $-0.17 | $-0.05 | ||
| Q4 24 | $-0.84 | $-0.24 | ||
| Q3 24 | $-0.06 | $0.05 | ||
| Q2 24 | $-0.24 | $0.11 | ||
| Q1 24 | $0.20 | $-0.07 |
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 | — |
| 总债务越低越好 | — | $279.8M |
| 股东权益账面价值 | $160.6M | $405.9M |
| 总资产 | $468.0M | $823.2M |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资DLTHSWIM
| Q4 25 | $8.2M | — | ||
| Q3 25 | $5.7M | — | ||
| Q2 25 | $8.6M | — | ||
| Q1 25 | $3.3M | — | ||
| Q4 24 | $9.3M | — | ||
| Q3 24 | $9.8M | — | ||
| Q2 24 | $6.8M | — | ||
| Q1 24 | $32.2M | — |
总债务DLTHSWIM
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
股东权益DLTHSWIM
| Q4 25 | $160.6M | $405.9M | ||
| Q3 25 | $170.0M | $408.4M | ||
| Q2 25 | $167.9M | $398.4M | ||
| Q1 25 | $182.7M | $381.1M | ||
| Q4 24 | $188.1M | $387.2M | ||
| Q3 24 | $215.7M | $416.6M | ||
| Q2 24 | $218.4M | $408.1M | ||
| Q1 24 | $222.8M | $391.8M |
总资产DLTHSWIM
| Q4 25 | $468.0M | $823.2M | ||
| Q3 25 | $433.8M | $844.4M | ||
| Q2 25 | $463.7M | $822.1M | ||
| Q1 25 | $452.4M | $824.6M | ||
| Q4 24 | $533.1M | $794.2M | ||
| Q3 24 | $488.6M | $853.4M | ||
| Q2 24 | $471.4M | $830.0M | ||
| Q1 24 | $491.2M | $808.6M |
负债/权益比DLTHSWIM
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-8.9M | $14.1M |
| 自由现金流率自由现金流/营收 | -7.8% | 14.1% |
| 资本支出强度资本支出/营收 | 2.0% | 9.2% |
| 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 | $38.0M |
8季度趋势，按日历期对齐
经营现金流DLTHSWIM
| Q4 25 | $-6.7M | $23.3M | ||
| Q3 25 | $32.0M | $51.0M | ||
| Q2 25 | $-56.5M | $36.0M | ||
| Q1 25 | $41.2M | $-46.9M | ||
| Q4 24 | $-41.1M | $6.2M | ||
| Q3 24 | $16.6M | $37.2M | ||
| Q2 24 | $-33.7M | $52.4M | ||
| Q1 24 | $69.7M | $-34.5M |
自由现金流DLTHSWIM
| Q4 25 | $-8.9M | $14.1M | ||
| Q3 25 | $29.8M | $45.2M | ||
| Q2 25 | $-57.8M | $29.1M | ||
| Q1 25 | $38.7M | $-50.3M | ||
| Q4 24 | $-43.7M | $-98.0K | ||
| Q3 24 | $15.0M | $33.2M | ||
| Q2 24 | $-35.2M | $47.9M | ||
| Q1 24 | $60.6M | $-39.9M |
自由现金流率DLTHSWIM
| Q4 25 | -7.8% | 14.1% | ||
| Q3 25 | 22.6% | 27.9% | ||
| Q2 25 | -56.3% | 16.8% | ||
| Q1 25 | 16.0% | -45.2% | ||
| Q4 24 | -34.4% | -0.1% | ||
| Q3 24 | 10.6% | 22.1% | ||
| Q2 24 | -30.2% | 29.9% | ||
| Q1 24 | 24.7% | -36.0% |
资本支出强度DLTHSWIM
| Q4 25 | 2.0% | 9.2% | ||
| Q3 25 | 1.7% | 3.6% | ||
| Q2 25 | 1.3% | 4.0% | ||
| Q1 25 | 1.0% | 3.1% | ||
| Q4 24 | 2.1% | 7.2% | ||
| Q3 24 | 1.2% | 2.7% | ||
| Q2 24 | 1.3% | 2.8% | ||
| Q1 24 | 3.7% | 4.8% |
现金转化率DLTHSWIM
| Q4 25 | — | — | ||
| Q3 25 | 25.40× | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| 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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
