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DULUTH HOLDINGS INC.（DLTH）与VINCE HOLDING CORP.（VNCE）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VINCE HOLDING CORP.的1.3倍（$114.9M vs $85.1M）。VINCE HOLDING CORP.净利率更高（3.2% vs -8.8%，领先12.0%）。VINCE HOLDING CORP.同比增速更快（6.2% vs -9.6%）。VINCE HOLDING CORP.自由现金流更多（$-5.7M vs $-8.9M）。过去两年VINCE HOLDING CORP.的营收复合增速更高（6.3% 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。
Vince是创立于2002年的现代时装品牌，主打简约高级的日常服饰，深受都市消费者喜爱。2023年，Authentic Brands Group以7650万美元收购了该品牌的知识产权。
DLTH vs VNCE — 直观对比
营收规模更大
DLTH
是对方的1.3倍
$85.1M
营收增速更快
VNCE
高出15.8%
-9.6%
净利率更高
VNCE
高出12.0%
-8.8%
自由现金流更多
VNCE
多$3.2M
$-8.9M
两年增速更快
VNCE
近两年复合增速
-31.6%
损益表 — Q3 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $114.9M | $85.1M |
| 净利润 | $-10.1M | $2.7M |
| 毛利率 | 53.8% | 49.2% |
| 营业利润率 | -7.7% | 6.4% |
| 净利率 | -8.8% | 3.2% |
| 营收同比 | -9.6% | 6.2% |
| 净利润同比 | 64.6% | -37.3% |
| 每股收益（稀释后） | $-0.29 | $0.21 |
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DLTHVNCE
| Q4 25 | $114.9M | $85.1M | ||
| Q3 25 | $131.7M | $73.2M | ||
| Q2 25 | $102.7M | $57.9M | ||
| Q1 25 | $241.3M | $80.0M | ||
| Q4 24 | $127.1M | $80.2M | ||
| Q3 24 | $141.6M | $74.2M | ||
| Q2 24 | $116.7M | $59.2M | ||
| Q1 24 | $245.6M | $75.3M |
净利润DLTHVNCE
| Q4 25 | $-10.1M | $2.7M | ||
| Q3 25 | $1.3M | $12.1M | ||
| Q2 25 | $-15.3M | $-4.8M | ||
| Q1 25 | $-5.6M | $-28.3M | ||
| Q4 24 | $-28.2M | $4.3M | ||
| Q3 24 | $-2.0M | $569.0K | ||
| Q2 24 | $-7.9M | $4.4M | ||
| Q1 24 | $6.4M | $-4.7M |
毛利率DLTHVNCE
| Q4 25 | 53.8% | 49.2% | ||
| Q3 25 | 54.7% | 50.4% | ||
| Q2 25 | 52.0% | 50.3% | ||
| Q1 25 | 44.1% | 50.1% | ||
| Q4 24 | 52.3% | 50.0% | ||
| Q3 24 | 52.3% | 47.4% | ||
| Q2 24 | 52.8% | 50.6% | ||
| Q1 24 | 48.2% | 45.4% |
营业利润率DLTHVNCE
| Q4 25 | -7.7% | 6.4% | ||
| Q3 25 | 1.8% | 15.2% | ||
| Q2 25 | -12.0% | -7.7% | ||
| Q1 25 | -1.8% | -37.1% | ||
| Q4 24 | -17.4% | 7.2% | ||
| Q3 24 | -1.1% | 1.5% | ||
| Q2 24 | -7.7% | 9.5% | ||
| Q1 24 | 3.6% | -2.2% |
净利率DLTHVNCE
| Q4 25 | -8.8% | 3.2% | ||
| Q3 25 | 1.0% | 16.5% | ||
| Q2 25 | -14.9% | -8.3% | ||
| Q1 25 | -2.3% | -35.5% | ||
| Q4 24 | -22.2% | 5.4% | ||
| Q3 24 | -1.4% | 0.8% | ||
| Q2 24 | -6.7% | 7.4% | ||
| Q1 24 | 2.6% | -6.2% |
每股收益（稀释后）DLTHVNCE
| Q4 25 | $-0.29 | $0.21 | ||
| Q3 25 | $0.04 | $0.93 | ||
| Q2 25 | $-0.45 | $-0.37 | ||
| Q1 25 | $-0.17 | $-2.25 | ||
| Q4 24 | $-0.84 | $0.34 | ||
| Q3 24 | $-0.06 | $0.05 | ||
| Q2 24 | $-0.24 | $0.35 | ||
| Q1 24 | $0.20 | $-0.37 |
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 | $1.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $160.6M | $53.4M |
| 总资产 | $468.0M | $246.0M |
| 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DLTHVNCE
| Q4 25 | $8.2M | $1.1M | ||
| Q3 25 | $5.7M | $777.0K | ||
| Q2 25 | $8.6M | $2.6M | ||
| Q1 25 | $3.3M | $607.0K | ||
| Q4 24 | $9.3M | $892.0K | ||
| Q3 24 | $9.8M | $711.0K | ||
| Q2 24 | $6.8M | $739.0K | ||
| Q1 24 | $32.2M | $357.0K |
股东权益DLTHVNCE
| Q4 25 | $160.6M | $53.4M | ||
| Q3 25 | $170.0M | $49.3M | ||
| Q2 25 | $167.9M | $37.2M | ||
| Q1 25 | $182.7M | $41.8M | ||
| Q4 24 | $188.1M | $57.1M | ||
| Q3 24 | $215.7M | $52.4M | ||
| Q2 24 | $218.4M | $51.7M | ||
| Q1 24 | $222.8M | $47.2M |
总资产DLTHVNCE
| Q4 25 | $468.0M | $246.0M | ||
| Q3 25 | $433.8M | $239.0M | ||
| Q2 25 | $463.7M | $218.0M | ||
| Q1 25 | $452.4M | $222.7M | ||
| Q4 24 | $533.1M | $254.7M | ||
| Q3 24 | $488.6M | $253.6M | ||
| Q2 24 | $471.4M | $223.1M | ||
| Q1 24 | $491.2M | $225.1M |
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 | $-5.1M |
| 自由现金流经营现金流 - 资本支出 | $-8.9M | $-5.7M |
| 自由现金流率自由现金流/营收 | -7.8% | -6.7% |
| 资本支出强度资本支出/营收 | 2.0% | 0.7% |
| 现金转化率经营现金流/净利润 | — | -1.86× |
| 过去12个月自由现金流最近4个季度 | $1.7M | $4.3M |
8季度趋势，按日历期对齐
经营现金流DLTHVNCE
| Q4 25 | $-6.7M | $-5.1M | ||
| Q3 25 | $32.0M | $4.2M | ||
| Q2 25 | $-56.5M | $-11.8M | ||
| Q1 25 | $41.2M | $22.7M | ||
| Q4 24 | $-41.1M | $6.4M | ||
| Q3 24 | $16.6M | $-3.2M | ||
| Q2 24 | $-33.7M | $-3.9M | ||
| Q1 24 | $69.7M | $14.8M |
自由现金流DLTHVNCE
| Q4 25 | $-8.9M | $-5.7M | ||
| Q3 25 | $29.8M | $2.1M | ||
| Q2 25 | $-57.8M | $-13.2M | ||
| Q1 25 | $38.7M | $21.2M | ||
| Q4 24 | $-43.7M | $5.1M | ||
| Q3 24 | $15.0M | $-3.9M | ||
| Q2 24 | $-35.2M | $-4.6M | ||
| Q1 24 | $60.6M | $14.2M |
自由现金流率DLTHVNCE
| Q4 25 | -7.8% | -6.7% | ||
| Q3 25 | 22.6% | 2.9% | ||
| Q2 25 | -56.3% | -22.9% | ||
| Q1 25 | 16.0% | 26.5% | ||
| Q4 24 | -34.4% | 6.4% | ||
| Q3 24 | 10.6% | -5.2% | ||
| Q2 24 | -30.2% | -7.8% | ||
| Q1 24 | 24.7% | 18.9% |
资本支出强度DLTHVNCE
| Q4 25 | 2.0% | 0.7% | ||
| Q3 25 | 1.7% | 2.9% | ||
| Q2 25 | 1.3% | 2.5% | ||
| Q1 25 | 1.0% | 1.9% | ||
| Q4 24 | 2.1% | 1.6% | ||
| Q3 24 | 1.2% | 0.9% | ||
| Q2 24 | 1.3% | 1.3% | ||
| Q1 24 | 3.7% | 0.7% |
现金转化率DLTHVNCE
| Q4 25 | — | -1.86× | ||
| Q3 25 | 25.40× | 0.35× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | -5.61× | ||
| Q2 24 | — | -0.89× | ||
| 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% |
VNCE
| Vince Wholesale | $52.0M | 61% |
| Vince Direct To Consumer | $33.1M | 39% |
