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Duluth profit margin DLTH

Gross, operating and net profit as a share of revenue over the last twelve months, from 2015.

Net margin, 12 months
1.1%
Operating margin, 12 months
1.7%
Net margin on a year earlier
+9.0 pts
Peer median
1.4%

Over the twelve months to Aug 2, 2026, Duluth kept 1.1% of its revenue as net profit, with an operating margin of 1.7% and a gross margin of 58.3%.

Five years earlier its net margin was 4.8%.

The median for 7 apparel retail stocks of a similar size is 1.4%.

Profit margin over time

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY2026−2.9%−1.8%53.4%
FY2025−7.0%−5.9%49.2%
FY2024−1.4%−1.4%50.3%
FY20230.4%1.0%52.6%
FY20224.3%6.3%54.0%
FY20212.1%3.8%51.9%
FY20203.1%4.6%53.3%
FY20194.1%6.5%54.6%
FY20185.0%7.9%55.4%
FY20175.7%9.3%56.9%
FY20169.0%9.6%57.0%
FY201510.2%10.4%56.5%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY271.1%+9.0 pts1.7%
Q1 FY27−2.0%+6.3 pts−1.3%
Q4 FY26−2.9%+4.1 pts−1.8%
Q3 FY26−5.0%−0.1 pts−3.9%
Q2 FY26−7.9%−5.9 pts−6.0%
Q1 FY26−8.3%−6.3 pts−6.6%
Q4 FY25−7.0%−5.5 pts−5.9%
Q3 FY25−4.9%−3.5 pts−3.7%
Q2 FY25−2.1%−1.4 pts−2.1%
Q1 FY25−2.1%−2.0 pts−2.1%
Q4 FY24−1.4%−1.8 pts−1.4%
Q3 FY24−1.4%−3.2 pts−1.2%

Against its peers

Companies in Apparel - Retail nearest Duluth's size, closest first, today.

CompanyProfit margin
DLTHDuluth1.1%
VNCEVince2.4%
TLYSTilly'S0.3%
ZUMZZumiez1.4%
DBIDesigner Brands0.6%
CTRNCiti Trends0.8%
SHOEShoe Station2.2%
GCOGenesco1.7%
Peer median1.4%

Where Duluth ranks

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on Duluth

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.