Duluth Holdings Inc. (DLTH) Financial Ratios
13 years of historical data (2013–2025) · Consumer Cyclical · Apparel - Retail
EV/EBITDA
↑
17.14
↑+51% vs avg
5yr avg: 11.32
30Y Low8.3·High17.9
P/FCF
↓
9.20
↑+66% vs avg
5yr avg: 5.55
30Y Low5.0·High62.1
P/B Ratio
↓
0.83
↓-16% vs avg
5yr avg: 0.99
30Y Low0.5·High6.4
ROE
↓
-9.5%
↑-134% vs avg
5yr avg: -4.1%
30Y Low-22%·High68%
Debt/EBITDA
↑
8.91
↑+42% vs avg
5yr avg: 6.29
30Y Low0.1·High8.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DLTH Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Duluth Holdings Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 9.2x P/FCF, 66% above the 5-year average of 5.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $152M | $83M | $97M | $161M | $219M | $495M | $406M | $274M | $772M | $569M | $729M |
| Enterprise Value | $283M | $214M | $257M | $315M | $374M | $609M | $596M | $496M | $835M | $594M | $710M |
| P/E Ratio → | -8.53 | — | — | — | 95.27 | 16.76 | 29.69 | 14.57 | 33.17 | 24.46 | 34.27 |
| P/S Ratio | 0.27 | 0.15 | 0.16 | 0.25 | 0.34 | 0.71 | 0.64 | 0.44 | 1.36 | 1.21 | 1.94 |
| P/B Ratio | 0.83 | 0.50 | 0.54 | 0.72 | 0.97 | 2.22 | 2.13 | 1.55 | 4.82 | 4.08 | 6.41 |
| P/FCF | 9.20 | 5.02 | — | — | — | 6.07 | 10.56 | — | — | — | — |
| P/OCF | 6.30 | 3.44 | — | 4.16 | — | 5.39 | 8.01 | 40.85 | 24.82 | 19.04 | 36.02 |
P/E links to full P/E history page with 30-year chart
DLTH EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Duluth Holdings Inc.'s enterprise value stands at 17.1x EBITDA, 51% above its 5-year average of 11.3x. The Consumer Cyclical sector median is 12.1x, placing the stock at a 42% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.38 | 0.41 | 0.49 | 0.57 | 0.87 | 0.93 | 0.81 | 1.47 | 1.26 | 1.89 |
| EV / EBITDA | 17.14 | 12.96 | — | 13.94 | 10.09 | 8.30 | 11.31 | 9.61 | 16.73 | 13.37 | 17.87 |
| EV / EBIT | — | — | — | — | 56.57 | 13.78 | 24.56 | 17.48 | 22.22 | 15.84 | 20.13 |
| EV / FCF | — | 12.93 | — | — | — | 7.46 | 15.50 | — | — | — | — |
DLTH Profitability
Margins and return-on-capital ratios measuring operating efficiency
Duluth Holdings Inc. earns an operating margin of -1.6%, below the Consumer Cyclical sector average of 2.0%. A negative ROE of -9.5% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.4% | 53.4% | 49.2% | 50.3% | 52.6% | 54.0% | 51.9% | 53.3% | 54.6% | 55.4% | 56.9% |
| Operating Margin | -1.6% | -1.6% | -5.9% | -1.5% | 1.0% | 6.3% | 3.8% | 4.6% | 6.5% | 7.9% | 9.3% |
| Net Profit Margin | -2.9% | -2.9% | -7.0% | -1.5% | 0.4% | 4.3% | 2.1% | 3.1% | 4.1% | 5.0% | 5.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -9.5% | -9.5% | -21.7% | -4.4% | 1.0% | 14.4% | 7.4% | 11.3% | 15.5% | 18.4% | 20.9% |
| ROA | -3.8% | -3.8% | -9.3% | -1.9% | 0.4% | 5.8% | 2.7% | 5.0% | 9.0% | 12.3% | 15.4% |
| ROIC | -2.1% | -2.1% | -7.7% | -1.9% | 1.3% | 9.2% | 4.7% | 6.8% | 14.4% | 21.5% | 34.7% |
| ROCE | -2.9% | -2.9% | -10.4% | -2.4% | 1.5% | 10.8% | 5.9% | 8.9% | 18.1% | 25.2% | 32.3% |
DLTH Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Duluth Holdings Inc. carries a Debt/EBITDA ratio of 8.9x, which is highly leveraged (87% above the sector average of 4.8x). Net debt stands at $131M ($147M total debt minus $16M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.89 | 0.89 | 0.91 | 0.84 | 0.88 | 0.85 | 1.24 | 1.27 | 0.40 | 0.20 | 0.04 |
| Debt / EBITDA | 8.91 | 8.91 | — | 8.24 | 5.40 | 2.59 | 4.50 | 4.33 | 1.27 | 0.63 | 0.10 |
| Net Debt / Equity | — | 0.79 | 0.89 | 0.69 | 0.68 | 0.51 | 1.00 | 1.27 | 0.39 | 0.18 | -0.18 |
| Net Debt / EBITDA | 7.93 | 7.93 | — | 6.82 | 4.17 | 1.54 | 3.61 | 4.32 | 1.26 | 0.57 | -0.50 |
| Debt / FCF | — | 7.91 | — | — | — | 1.39 | 4.94 | — | — | — | — |
| Interest Coverage | -1.72 | -1.72 | -8.06 | -2.08 | 1.81 | 9.36 | 3.88 | 6.35 | 6.31 | 18.86 | 181.69 |
DLTH Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.59x means Duluth Holdings Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.38x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 1.77x to 1.59x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.59 | 1.59 | 1.49 | 1.77 | 1.87 | 1.92 | 2.20 | 2.06 | 2.22 | 2.02 | 2.88 |
| Quick Ratio | 0.38 | 0.38 | 0.20 | 0.54 | 0.54 | 0.86 | 0.64 | 0.18 | 0.39 | 0.24 | 0.88 |
| Cash Ratio | 0.15 | 0.15 | 0.03 | 0.31 | 0.39 | 0.66 | 0.49 | 0.01 | 0.01 | 0.06 | 0.68 |
| Asset Turnover | — | 1.40 | 1.38 | 1.32 | 1.24 | 1.36 | 1.24 | 1.30 | 1.96 | 2.11 | 2.41 |
| Inventory Turnover | 2.01 | 2.01 | 1.91 | 2.56 | 1.97 | 2.62 | 2.06 | 1.94 | 2.65 | 2.35 | 2.30 |
| Days Sales Outstanding | — | 1.75 | 2.31 | 4.93 | 3.38 | 2.85 | 1.61 | 3.00 | 2.98 | 0.25 | 0.38 |
DLTH Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Duluth Holdings Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | 0.0% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | 0.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 1.0% | 6.0% | 3.4% | 6.9% | 3.0% | 4.1% | 2.9% |
| FCF Yield | 10.9% | 19.9% | — | — | — | 16.5% | 9.5% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.6% | 0.2% | 0.2% | 0.1% | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.6% | 0.2% | 0.2% | 0.1% | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $35M | $33M | $33M | $33M | $33M | $33M | $32M | $32M | $32M | $32M |
Peer Comparison
Compare DLTH with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 DLTHYou | $152M | -8.5 | 17.1 | 9.2 | 53.4% | -1.6% | -9.5% | -2.1% | 8.9 |
 BOOT | $5B | 24.3 | 16.0 | 42.9 | 38.1% | 13.3% | 18.4% | 12.6% | 2.0 |
 CATO | $57M | -10.3 | — | — | 32.5% | -2.2% | -3.7% | -3.7% | — |
 DXLG | $37M | -1.0 | 137.9 | 19.7 | 39.9% | -3.2% | -28.8% | -3.4% | 130.0 |
 TLYS | $142M | -8.1 | — | — | 29.7% | -21.2% | -18.8% | -36.5% | — |
 BURL | $21B | 35.8 | 20.7 | 124.8 | 43.9% | 7.3% | 38.4% | 10.3% | 4.8 |
 VFC | $7B | 26.6 | 12.2 | 13.2 | 54.8% | 6.3% | 15.3% | 7.3% | 5.6 |
 PVH | $4B | 147.1 | 29.3 | 6.7 | 57.5% | 7.3% | 0.5% | 6.1% | 17.5 |
 HBI | $2B | -7.1 | 16.6 | 10.1 | 38.8% | 5.3% | -141.4% | 4.5% | 9.2 |
 COLM | $3B | 20.0 | 14.6 | 15.6 | 50.2% | 6.0% | 10.2% | 8.0% | 3.3 |
 WWW | $1B | 15.2 | 10.8 | 11.7 | 47.0% | 8.0% | 25.9% | 11.6% | 4.2 |
| Consumer Cyclical Median | — | 20.8 | 12.1 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 13 years · Updated daily
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DLTH — Frequently Asked Questions
Quick answers to the most common questions about buying DLTH stock.
What is Duluth Holdings Inc.'s P/E ratio?
Duluth Holdings Inc.'s current P/E ratio is -8.5x. The historical average is 33.0x.
What is Duluth Holdings Inc.'s EV/EBITDA?
Duluth Holdings Inc.'s current EV/EBITDA is 17.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.7x.
What is Duluth Holdings Inc.'s ROE?
Duluth Holdings Inc.'s return on equity (ROE) is -9.5%. The historical average is 16.4%.
Is DLTH stock overvalued?
Based on historical data, Duluth Holdings Inc. is trading at a P/E of -8.5x. Compare with industry peers and growth rates for a complete picture.
What are Duluth Holdings Inc.'s profit margins?
Duluth Holdings Inc. has 53.4% gross margin and -1.6% operating margin.
How much debt does Duluth Holdings Inc. have?
Duluth Holdings Inc.'s Debt/EBITDA ratio is 8.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.