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
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2026 | −2.9% | −1.8% | 53.4% |
| FY2025 | −7.0% | −5.9% | 49.2% |
| FY2024 | −1.4% | −1.4% | 50.3% |
| FY2023 | 0.4% | 1.0% | 52.6% |
| FY2022 | 4.3% | 6.3% | 54.0% |
| FY2021 | 2.1% | 3.8% | 51.9% |
| FY2020 | 3.1% | 4.6% | 53.3% |
| FY2019 | 4.1% | 6.5% | 54.6% |
| FY2018 | 5.0% | 7.9% | 55.4% |
| FY2017 | 5.7% | 9.3% | 56.9% |
| FY2016 | 9.0% | 9.6% | 57.0% |
| FY2015 | 10.2% | 10.4% | 56.5% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY27 | 1.1% | +9.0 pts | 1.7% | |
| 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.
| Company | Profit margin |
|---|---|
| DLTHDuluth | 1.1% |
| VNCEVince | 2.4% |
| TLYSTilly'S | 0.3% |
| ZUMZZumiez | 1.4% |
| DBIDesigner Brands | 0.6% |
| CTRNCiti Trends | 0.8% |
| SHOEShoe Station | 2.2% |
| GCOGenesco | 1.7% |
| Peer median | 1.4% |
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.