Duluth Holdings Inc. (DLTH) Key Metrics
DLTH valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $152.0M
- Enterprise value
- $268.8M
- P/E (TTM)
- 22.2 10-yr median 29.9
- Forward P/E
- 10.5
- PEG ratio
- 0.83
- Price / sales
- 0.3 10-yr median 0.5
- Price / book
- 0.9 10-yr median 1.8
- EV / EBITDA
- 7.9 10-yr median 13.2
- Dividend yield
- —
- Beta
- 1.35
DLTH key metrics, FY2017–FY2026
Fiscal year ended January 31, 2026 · U.S. dollarsDLTH valuation Price multiples at each fiscal year-end price.
Price / sales−5.3%
0.1
FY2026 · hover or tap a bar for each year
FY2017FY2026
Price / book−7.6%
0.5
FY2026 · hover or tap a bar for each year
FY2017FY2026
EV / EBITDA
13.7
FY2026 · hover or tap a bar for each year
FY2017FY2026
Price / free cash flow
5.0
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow yield+45.8 pts
19.9%
FY2026 · hover or tap a bar for each year
FY2017FY2026
DLTH returns How much profit the business earns on the capital it uses.
Return on equity+12.1 pts
−9.3%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Return on invested capital+5.9 pts
−2.2%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Return on assets+5.4 pts
−3.8%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow margin+7.0 pts
2.9%
FY2026 · hover or tap a bar for each year
FY2017FY2026
Asset turnover−0.5%
1.32
FY2026 · hover or tap a bar for each year
FY2017FY2026
DLTH per-share figures Results divided by the shares outstanding at year-end.
Revenue per share−12.9%
$16.36
FY2026 · hover or tap a bar for each year
FY2017FY2026
Earnings per share
−$0.47
FY2026 · hover or tap a bar for each year
FY2017FY2026
Free cash flow per share
$0.48
FY2026 · hover or tap a bar for each year
FY2017FY2026
Book value per share−10.6%
$4.89
FY2026 · hover or tap a bar for each year
FY2017FY2026
Shares outstanding+3.5%
34.5M
FY2026 · hover or tap a bar for each year
FY2017FY2026
DLTH financial health Debt, liquidity and how easily interest is covered.
Debt / equity−2.3%
0.87
FY2026 · hover or tap a bar for each year
FY2017FY2026
Net debt−$28.7M
$131.1M
FY2026 · hover or tap a bar for each year
FY2017FY2026
Net debt / EBITDA
8.40
FY2026 · hover or tap a bar for each year
FY2017FY2026
Current ratio+6.7%
1.59
FY2026 · hover or tap a bar for each year
FY2017FY2026
Interest coverage
-1.7
FY2026 · hover or tap a bar for each year
FY2017FY2026
Debt / assets+1.6%
0.37
FY2026 · hover or tap a bar for each year
FY2017FY2026
DLTH efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding−2 days
2 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Days of inventory+40 days
208 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Days payables outstanding+13 days
85 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Cash conversion cycle+26 days
125 days
FY2026 · hover or tap a bar for each year
FY2017FY2026
Capex / revenue0.0 pts
1.3%
FY2026 · hover or tap a bar for each year
FY2017FY2026
DLTH valuation history
Fiscal year-endToday10-year median
DLTH returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
DLTH debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
DLTH cash returned to shareholders
DividendsBuybacksFree cash flow
DLTH price vs earnings per share
Share price at year-endEPS (right axis)
DLTH key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $83.2M | $97.4M | $160.8M | $219.4M | $495.4M | $406.3M | $273.5M | $771.7M | $568.5M | $729.5M |
| Enterprise value | $214.3M | $257.2M | $314.9M | $373.7M | $607.9M | $596.4M | $494.9M | $840.5M | $593.8M | $709.6M |
| P/E ratio | — | — | — | 95.2 | 16.7 | 29.9 | 14.5 | 33.3 | 24.3 | 34.2 |
| Price / sales | 0.1 | 0.2 | 0.2 | 0.3 | 0.7 | 0.6 | 0.4 | 1.4 | 1.2 | 1.9 |
| Price / book | 0.5 | 0.5 | 0.7 | 1.0 | 2.2 | 2.1 | 1.5 | 4.8 | 4.2 | 6.6 |
| Price / free cash flow | 5.0 | — | — | — | 6.1 | 10.6 | — | — | — | — |
| Price / operating cash flow | 3.4 | — | 4.2 | — | 5.4 | 8.0 | 40.9 | 24.8 | 19.0 | 36.0 |
| EV / sales | 0.4 | 0.4 | 0.5 | 0.6 | 0.9 | 0.9 | 0.8 | 1.5 | 1.3 | 1.9 |
| EV / EBITDA | 13.7 | — | 13.4 | 10.0 | 8.3 | 11.3 | 9.8 | 16.8 | 13.2 | 17.8 |
| EV / free cash flow | 12.9 | — | — | — | 7.4 | 15.5 | — | — | — | — |
| Earnings yield | −19.7% | −44.8% | −6.2% | 1.1% | 6.0% | 3.3% | 6.9% | 3.0% | 4.1% | 2.9% |
| Free cash flow yield | 19.9% | −25.9% | −6.5% | −13.0% | 16.5% | 9.5% | −8.8% | −2.8% | −2.9% | −1.2% |
| Dividend yield | — | — | — | — | — | — | — | 0.0% | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | — | 0.6% | 0.2% | 0.2% | 0.1% | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% |
| Share price at fiscal year-end | $2.41 | $2.92 | $4.88 | $6.65 | $15.08 | $12.47 | $8.45 | $23.88 | $17.61 | $22.62 |
| Per share | ||||||||||
| Revenue per share | $16.36 | $18.78 | $19.62 | $19.80 | $21.27 | $19.61 | $19.02 | $17.58 | $14.60 | $11.66 |
| Earnings per share | −$0.47 | −$1.31 | −$0.30 | $0.07 | $0.90 | $0.42 | $0.58 | $0.72 | $0.72 | $0.66 |
| Operating cash flow per share | $0.70 | −$0.51 | $1.17 | −$0.17 | $2.80 | $1.56 | $0.21 | $0.96 | $0.93 | $0.63 |
| Free cash flow per share | $0.48 | −$0.76 | −$0.32 | −$0.86 | $2.48 | $1.18 | −$0.74 | −$0.68 | −$0.51 | −$0.26 |
| Cash per share | $0.47 | $0.10 | $0.98 | $1.38 | $2.35 | $1.45 | $0.02 | $0.02 | $0.09 | $0.75 |
| Book value per share | $4.89 | $5.47 | $6.83 | $6.98 | $6.88 | $5.94 | $5.51 | $4.96 | $4.21 | $3.45 |
| Tangible book value per share | $4.88 | $5.46 | $6.81 | $6.96 | $6.86 | $5.92 | $5.49 | $4.94 | $4.19 | $3.42 |
| Dividends per share | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.01 |
| Capex per share | $0.22 | $0.25 | $1.49 | $0.69 | $0.32 | $0.38 | $0.95 | $1.64 | $1.44 | $0.89 |
| Debt per share | $4.27 | $4.89 | $5.65 | $6.06 | $5.77 | $7.29 | $6.86 | $2.15 | $0.87 | $0.13 |
| Shares outstanding | 34.5M | 33.4M | 33.0M | 33.0M | 32.9M | 32.6M | 32.4M | 32.3M | 32.3M | 32.2M |
| Change in shares outstanding | +3.5% | +1.3% | −0.1% | +0.4% | +0.8% | +0.6% | +0.2% | +0.1% | +0.1% | +24.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −9.3% | −21.4% | −4.4% | 1.0% | 14.2% | 7.3% | 11.2% | 15.6% | 18.9% | 21.3% |
| Return on invested capital (ROIC) | −2.2% | −8.1% | −2.0% | 1.3% | 9.2% | 4.6% | 6.9% | 14.0% | 19.5% | 29.2% |
| Return on assets (ROA) | −3.8% | −9.3% | −1.9% | 0.4% | 5.8% | 2.7% | 5.0% | 9.0% | 12.3% | 15.4% |
| Return on tangible assets | −4.1% | −9.7% | −2.0% | 0.4% | 5.8% | 2.6% | 4.0% | 8.0% | 10.5% | 13.7% |
| Free cash flow margin | 2.9% | −4.0% | −1.6% | −4.4% | 11.7% | 6.0% | −3.9% | −3.9% | −3.5% | −2.2% |
| Income quality (OCF / net income) | — | — | — | −2.44 | 3.10 | 3.74 | 0.35 | 1.34 | 1.28 | 0.95 |
| Financial health | ||||||||||
| Total debt | $147.4M | $163.1M | $186.2M | $199.9M | $189.6M | $237.4M | $221.9M | $69.5M | $28.1M | $4.1M |
| Cash & short-term investments | $16.3M | $3.3M | $32.2M | $45.5M | $77.1M | $47.2M | $538,000 | $731,000 | $2.9M | $24.0M |
| Net debt | $131.1M | $159.8M | $154.1M | $154.3M | $112.5M | $190.1M | $221.4M | $68.7M | $25.2M | −$19.9M |
| Debt / equity | 0.87 | 0.89 | 0.83 | 0.87 | 0.84 | 1.23 | 1.24 | 0.43 | 0.21 | 0.04 |
| Debt / assets | 0.37 | 0.36 | 0.38 | 0.38 | 0.37 | 0.46 | 0.47 | 0.24 | 0.13 | 0.03 |
| Net debt / EBITDA | 8.40 | — | 6.55 | 4.12 | 1.53 | 3.60 | 4.39 | 1.37 | 0.56 | −0.50 |
| Current ratio | 1.59 | 1.49 | 1.77 | 1.87 | 1.92 | 2.20 | 2.06 | 2.22 | 2.02 | 2.88 |
| Quick ratio | 0.36 | 0.20 | 0.54 | 0.54 | 0.86 | 0.64 | 0.18 | 0.39 | 0.24 | 0.88 |
| Interest coverage | -1.7 | -8.1 | -2.3 | 1.7 | 9.3 | 3.9 | 6.3 | 6.2 | 18.6 | 180.4 |
| Working capital | $63.8M | $63.0M | $78.5M | $103.4M | $106.5M | $114.6M | $83.4M | $64.7M | $51.5M | $66.1M |
| Invested capital | $300.1M | $342.5M | $379.3M | $384.7M | $338.4M | $383.6M | $399.7M | $229.0M | $161.3M | $91.3M |
| Tangible asset value | $165.7M | $179.3M | $221.3M | $226.3M | $222.1M | $190.4M | $175.4M | $159.5M | $138.5M | $113.0M |
| Net current asset value | −$64.4M | −$81.1M | −$87.3M | −$78.6M | −$70.3M | −$114.2M | −$135.8M | −$12.0M | $18.1M | $59.1M |
| Graham number | — | — | — | $3.31 | $11.83 | $7.46 | $8.51 | $8.94 | $8.28 | $7.16 |
| Graham net-net per share | −$4.38 | −$5.49 | −$5.06 | −$5.20 | −$4.58 | −$6.16 | −$6.79 | −$2.38 | −$1.11 | $0.54 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | $0 | $0 | $192,000 |
| Share buybacks (net) | — | $594,000 | $279,000 | $457,000 | $374,000 | $221,000 | $315,000 | $35,000 | $57,000 | $0 |
| Dividend payout ratio | — | — | — | — | — | — | — | 0.0% | 0.0% | 0.9% |
| Dividends + buybacks / free cash flow | — | — | — | — | 0.5% | 0.6% | — | — | — | — |
| Capex / revenue | 1.3% | 1.3% | 7.6% | 3.5% | 1.5% | 1.9% | 5.0% | 9.3% | 9.9% | 7.6% |
| Capex / operating cash flow | 31.4% | — | 126.9% | — | 11.3% | 24.2% | 459.8% | 170.6% | 155.6% | 141.6% |
| Capex / depreciation | 0.30 | 0.26 | 1.53 | 0.74 | 0.35 | 0.43 | 1.39 | 4.21 | 6.34 | 6.10 |
| Stock-based compensation / revenue | 0.4% | 0.6% | 0.6% | 0.4% | 0.3% | 0.3% | 0.1% | 0.3% | 0.3% | 0.3% |
| SG&A / revenue | 54.9% | 53.2% | 51.0% | 51.6% | 47.7% | 48.1% | 48.7% | 48.1% | 47.5% | 47.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 2.2 | 3.7 | 4.2 | 3.2 | 2.2 | 2.2 | 2.9 | 1.6 | 0.3 | 0.2 |
| Days of inventory on hand | 207.7 | 167.7 | 160.6 | 164.9 | 154.4 | 176.3 | 155.6 | 132.2 | 138.7 | 141.6 |
| Days payables outstanding | 84.5 | 71.7 | 61.1 | 60.0 | 44.9 | 37.6 | 34.6 | 29.9 | 23.1 | 22.5 |
| Cash conversion cycle (days) | 125.3 | 99.7 | 103.7 | 108.1 | 111.6 | 141.0 | 123.8 | 104.0 | 115.9 | 119.4 |
| Receivables turnover | 169.22 | 98.66 | 87.54 | 113.66 | 168.84 | 162.27 | 127.04 | 228.89 | 1,311.40 | 1,535.17 |
| Payables turnover | 4.32 | 5.09 | 5.98 | 6.08 | 8.13 | 9.71 | 10.55 | 12.22 | 15.79 | 16.24 |
| Inventory turnover | 1.76 | 2.18 | 2.27 | 2.21 | 2.36 | 2.07 | 2.35 | 2.76 | 2.63 | 2.58 |
| Asset turnover | 1.32 | 1.33 | 1.27 | 1.25 | 1.35 | 1.29 | 1.61 | 2.21 | 2.49 | 2.72 |
| Average receivables | $3.3M | $6.4M | $7.4M | $5.7M | $4.1M | $3.9M | $4.8M | $2.5M | $359,500 | $245,000 |
| Average payables | $61.1M | $62.5M | $53.8M | $51.0M | $39.5M | $31.6M | $27.2M | $21.1M | $13.3M | $10.0M |
| Average inventory | $150.0M | $146.2M | $141.5M | $140.0M | $135.9M | $148.5M | $122.5M | $93.4M | $80.0M | $62.8M |
| Intangibles / total assets | 0.1% | 0.1% | 0.2% | 0.2% | 0.1% | 0.1% | 0.1% | 0.2% | 0.4% | 0.5% |
Computed from DLTH's annual financial statements (latest annual report filed March 20, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
DLTH valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 22.2 and the forward P/E is 10.5. Duluth earned a return on equity of −9.3% and a return on invested capital of −2.2% in fiscal 2026. It ended the year with $147.4 million of debt and $16.3 million in cash and short-term investments, net debt of $131.1 million. The share count rose 7.1% from 32.2M to 34.5M over 9 years.
See the DLTH income statement, the DLTH chart for price history, or the DLTH stock overview for the latest quote and news.
DLTH key metrics FAQ
What is Duluth's P/E ratio?
Duluth's trailing P/E ratio is 22.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 10.5. At the end of fiscal 2026 it was —, compared with a 10-year median of 29.9.
What is Duluth's EV/EBITDA?
Duluth's enterprise value was 13.7 times EBITDA at the end of fiscal 2026 (enterprise value $214.3 million, EBITDA $15.6 million); the current EV/EBITDA is 7.9.
What is Duluth's return on equity?
Duluth's return on equity (ROE) was −9.3% in fiscal 2026: net income of -$16.4 million on average shareholders' equity of $175.8 million.
What is Duluth's ROIC?
Duluth's return on invested capital was −2.2% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Duluth have?
Duluth had total debt of $147.4 million at the end of fiscal 2026, a debt-to-equity ratio of 0.87 and $131.1 million of net debt (8.40 times EBITDA).
What is Duluth's free cash flow yield?
Duluth generated $16.6 million of free cash flow in fiscal 2026, a free cash flow yield of 19.9% on its market value at year-end ($83.2 million).
What is Duluth's current ratio?
Duluth's current ratio was 1.59 at the end of fiscal 2026: current assets were 1.59 times current liabilities.