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DULUTH HOLDINGS INC.（DLTH）与TILLY'S, INC.（TLYS）财务数据对比。点击上方公司名可切换其他公司
TILLY'S, INC.的季度营收约是DULUTH HOLDINGS INC.的1.2倍（$139.6M vs $114.9M）。TILLY'S, INC.净利率更高（-1.0% vs -8.8%，领先7.8%）。TILLY'S, INC.同比增速更快（-2.7% vs -9.6%）。DULUTH HOLDINGS INC.自由现金流更多（$-8.9M vs $-11.7M）。过去两年TILLY'S, INC.的营收复合增速更高（-8.4% 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。
Tillys是一家美国服饰零售企业，主营各类品牌成衣、配饰、鞋履及相关周边产品，公司总部位于加利福尼亚州欧文市，并在此开展核心运营业务。
DLTH vs TLYS — 直观对比
营收规模更大
TLYS
是对方的1.2倍
$114.9M
营收增速更快
TLYS
高出6.9%
-9.6%
净利率更高
TLYS
高出7.8%
-8.8%
自由现金流更多
DLTH
多$2.7M
$-11.7M
两年增速更快
TLYS
近两年复合增速
-31.6%
损益表 — Q3 2026 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $114.9M | $139.6M |
| 净利润 | $-10.1M | $-1.4M |
| 毛利率 | 53.8% | 30.5% |
| 营业利润率 | -7.7% | -1.4% |
| 净利率 | -8.8% | -1.0% |
| 营收同比 | -9.6% | -2.7% |
| 净利润同比 | 64.6% | 89.1% |
| 每股收益（稀释后） | $-0.29 | — |
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DLTHTLYS
| Q4 25 | $114.9M | $139.6M | ||
| Q3 25 | $131.7M | $151.3M | ||
| Q2 25 | $102.7M | $107.6M | ||
| Q1 25 | $241.3M | — | ||
| Q4 24 | $127.1M | $143.4M | ||
| Q3 24 | $141.6M | $162.9M | ||
| Q2 24 | $116.7M | $115.9M | ||
| Q1 24 | $245.6M | — |
净利润DLTHTLYS
| Q4 25 | $-10.1M | $-1.4M | ||
| Q3 25 | $1.3M | $3.2M | ||
| Q2 25 | $-15.3M | $-22.2M | ||
| Q1 25 | $-5.6M | — | ||
| Q4 24 | $-28.2M | $-12.9M | ||
| Q3 24 | $-2.0M | $-69.0K | ||
| Q2 24 | $-7.9M | $-19.6M | ||
| Q1 24 | $6.4M | — |
毛利率DLTHTLYS
| Q4 25 | 53.8% | 30.5% | ||
| Q3 25 | 54.7% | 32.5% | ||
| Q2 25 | 52.0% | 19.8% | ||
| Q1 25 | 44.1% | — | ||
| Q4 24 | 52.3% | 25.9% | ||
| Q3 24 | 52.3% | 30.7% | ||
| Q2 24 | 52.8% | 21.0% | ||
| Q1 24 | 48.2% | — |
营业利润率DLTHTLYS
| Q4 25 | -7.7% | -1.4% | ||
| Q3 25 | 1.8% | 1.8% | ||
| Q2 25 | -12.0% | -21.1% | ||
| Q1 25 | -1.8% | — | ||
| Q4 24 | -17.4% | -9.8% | ||
| Q3 24 | -1.1% | -0.5% | ||
| Q2 24 | -7.7% | -17.9% | ||
| Q1 24 | 3.6% | — |
净利率DLTHTLYS
| Q4 25 | -8.8% | -1.0% | ||
| Q3 25 | 1.0% | 2.1% | ||
| Q2 25 | -14.9% | -20.6% | ||
| Q1 25 | -2.3% | — | ||
| Q4 24 | -22.2% | -9.0% | ||
| Q3 24 | -1.4% | -0.0% | ||
| Q2 24 | -6.7% | -16.9% | ||
| Q1 24 | 2.6% | — |
每股收益（稀释后）DLTHTLYS
| Q4 25 | $-0.29 | — | ||
| Q3 25 | $0.04 | — | ||
| Q2 25 | $-0.45 | — | ||
| Q1 25 | $-0.17 | — | ||
| Q4 24 | $-0.84 | — | ||
| Q3 24 | $-0.06 | — | ||
| Q2 24 | $-0.24 | — | ||
| Q1 24 | $0.20 | — |
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 | $39.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $160.6M | $81.6M |
| 总资产 | $468.0M | $317.1M |
| 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DLTHTLYS
| Q4 25 | $8.2M | $39.0M | ||
| Q3 25 | $5.7M | $50.7M | ||
| Q2 25 | $8.6M | $37.2M | ||
| Q1 25 | $3.3M | — | ||
| Q4 24 | $9.3M | $51.7M | ||
| Q3 24 | $9.8M | $76.7M | ||
| Q2 24 | $6.8M | $68.0M | ||
| Q1 24 | $32.2M | — |
股东权益DLTHTLYS
| Q4 25 | $160.6M | $81.6M | ||
| Q3 25 | $170.0M | $82.5M | ||
| Q2 25 | $167.9M | $79.1M | ||
| Q1 25 | $182.7M | — | ||
| Q4 24 | $188.1M | $114.3M | ||
| Q3 24 | $215.7M | $126.8M | ||
| Q2 24 | $218.4M | $126.0M | ||
| Q1 24 | $222.8M | — |
总资产DLTHTLYS
| Q4 25 | $468.0M | $317.1M | ||
| Q3 25 | $433.8M | $345.5M | ||
| Q2 25 | $463.7M | $334.2M | ||
| Q1 25 | $452.4M | — | ||
| Q4 24 | $533.1M | $387.3M | ||
| Q3 24 | $488.6M | $429.2M | ||
| Q2 24 | $471.4M | $410.0M | ||
| Q1 24 | $491.2M | — |
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 | $-10.4M |
| 自由现金流经营现金流 - 资本支出 | $-8.9M | $-11.7M |
| 自由现金流率自由现金流/营收 | -7.8% | -8.4% |
| 资本支出强度资本支出/营收 | 2.0% | 0.9% |
| 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 | $-32.9M |
8季度趋势，按日历期对齐
经营现金流DLTHTLYS
| Q4 25 | $-6.7M | $-10.4M | ||
| Q3 25 | $32.0M | $14.0M | ||
| Q2 25 | $-56.5M | $-8.1M | ||
| Q1 25 | $41.2M | — | ||
| Q4 24 | $-41.1M | — | ||
| Q3 24 | $16.6M | $10.5M | ||
| Q2 24 | $-33.7M | $-25.7M | ||
| Q1 24 | $69.7M | — |
自由现金流DLTHTLYS
| Q4 25 | $-8.9M | $-11.7M | ||
| Q3 25 | $29.8M | $13.4M | ||
| Q2 25 | $-57.8M | $-9.6M | ||
| Q1 25 | $38.7M | — | ||
| Q4 24 | $-43.7M | — | ||
| Q3 24 | $15.0M | $8.0M | ||
| Q2 24 | $-35.2M | $-27.8M | ||
| Q1 24 | $60.6M | — |
自由现金流率DLTHTLYS
| Q4 25 | -7.8% | -8.4% | ||
| Q3 25 | 22.6% | 8.9% | ||
| Q2 25 | -56.3% | -9.0% | ||
| Q1 25 | 16.0% | — | ||
| Q4 24 | -34.4% | — | ||
| Q3 24 | 10.6% | 4.9% | ||
| Q2 24 | -30.2% | -24.0% | ||
| Q1 24 | 24.7% | — |
资本支出强度DLTHTLYS
| Q4 25 | 2.0% | 0.9% | ||
| Q3 25 | 1.7% | 0.3% | ||
| Q2 25 | 1.3% | 1.4% | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 1.2% | 1.5% | ||
| Q2 24 | 1.3% | 1.8% | ||
| Q1 24 | 3.7% | — |
现金转化率DLTHTLYS
| Q4 25 | — | — | ||
| Q3 25 | 25.40× | 4.41× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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% |
TLYS
| Retail Store | $110.3M | 79% |
| Ecommerce | $29.3M | 21% |
| Customer Loyalty Program | $1.6M | 1% |
