Duluth Holdings Inc (DLTH) - Net Assets
Based on the latest financial reports, Duluth Holdings Inc (DLTH) has net assets worth $166.12 Million USD as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($402.61 Million) and total liabilities ($236.49 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check DLTH financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $166.12 Million |
| % of Total Assets | 41.26% |
| Annual Growth Rate | 14.94% |
| 5-Year Change | -25.41% |
| 10-Year Change | 45.99% |
| Growth Volatility | 37.62 |
Duluth Holdings Inc - Net Assets Trend (2014–2026)
This chart illustrates how Duluth Holdings Inc's net assets have evolved over time, based on quarterly financial data. Also explore DLTH total assets for the complete picture of this company's asset base.
Annual Net Assets for Duluth Holdings Inc (2014–2026)
The table below shows the annual net assets of Duluth Holdings Inc from 2014 to 2026. For live valuation and market cap data, see DLTH stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-01-31 | $166.12 Million | -7.55% |
| 2025-01-31 | $179.68 Million | -19.13% |
| 2024-01-31 | $222.17 Million | -2.21% |
| 2023-01-31 | $227.20 Million | +2.01% |
| 2022-01-31 | $222.72 Million | +16.55% |
| 2021-01-31 | $191.10 Million | +8.51% |
| 2020-01-31 | $176.11 Million | +9.89% |
| 2019-01-31 | $160.26 Million | +15.00% |
| 2018-01-31 | $139.35 Million | +22.46% |
| 2017-01-31 | $113.79 Million | +25.75% |
| 2016-01-31 | $90.49 Million | +136.49% |
| 2015-01-31 | $38.26 Million | +22.52% |
| 2014-01-31 | $31.23 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Duluth Holdings Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 107.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (January 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $61.33 Million | 36.30% |
| Common Stock | $110.79 Million | 65.57% |
| Other Comprehensive Income | $-231.00K | -0.14% |
| Total Equity | $168.97 Million | 100.00% |
Duluth Holdings Inc Competitors by Market Cap
The table below lists competitors of Duluth Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GREEN CROSS WellBeing Corporation
KQ:234690
|
$124.35 Million |
|
Novem Group S.A.
F:NVM
|
$124.36 Million |
|
LOT VACUUM Co. Ltd
KQ:083310
|
$124.36 Million |
|
United Utilities Group PLC
LSE:UU
|
$124.37 Million |
|
Reliance Industrial Infrastructure Limited
NSE:RIIL
|
$124.27 Million |
|
Aspen Group Ltd
TA:ASGR
|
$124.21 Million |
|
RiverNorth Managed Duration Municipal Income Fund II Inc.
NYSE:RMMZ
|
$124.20 Million |
|
NMP Acquisition Corp.
NASDAQ:NMP
|
$124.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Duluth Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 182,676,000 to 168,973,000, a change of -13,703,000 (-7.5%).
- Net loss of 16,388,000 reduced equity.
- Other comprehensive income increased equity by 491,000.
- Other factors increased equity by 2,194,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-16.39 Million | -9.7% |
| Other Comprehensive Income | $491.00K | +0.29% |
| Other Changes | $2.19 Million | +1.3% |
| Total Change | $- | -7.50% |
Book Value vs Market Value Analysis
This analysis compares Duluth Holdings Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.74x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.76x to 0.74x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-01-31 | $0.97 | $3.63 | x |
| 2015-01-31 | $1.18 | $3.63 | x |
| 2016-01-31 | $3.42 | $3.63 | x |
| 2017-01-31 | $3.45 | $3.63 | x |
| 2018-01-31 | $4.21 | $3.63 | x |
| 2019-01-31 | $4.96 | $3.63 | x |
| 2020-01-31 | $5.51 | $3.63 | x |
| 2021-01-31 | $5.94 | $3.63 | x |
| 2022-01-31 | $6.88 | $3.63 | x |
| 2023-01-31 | $6.98 | $3.63 | x |
| 2024-01-31 | $6.83 | $3.63 | x |
| 2025-01-31 | $5.47 | $3.63 | x |
| 2026-01-31 | $4.89 | $3.63 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Duluth Holdings Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -9.70%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.90%
- • Asset Turnover: 1.40x
- • Equity Multiplier: 2.38x
- Recent ROE (-9.70%) is below the historical average (14.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 51.32% | 9.51% | 2.94x | 1.83x | $12.49 Million |
| 2015 | 64.29% | 10.20% | 3.27x | 1.93x | $19.97 Million |
| 2016 | 30.90% | 9.02% | 2.52x | 1.36x | $18.56 Million |
| 2017 | 19.17% | 5.67% | 2.41x | 1.40x | $10.20 Million |
| 2018 | 17.16% | 4.95% | 2.11x | 1.64x | $9.74 Million |
| 2019 | 14.45% | 4.08% | 1.96x | 1.81x | $7.13 Million |
| 2020 | 10.61% | 3.07% | 1.30x | 2.66x | $1.09 Million |
| 2021 | 7.02% | 2.13% | 1.24x | 2.67x | $-5.77 Million |
| 2022 | 13.15% | 4.25% | 1.36x | 2.28x | $7.12 Million |
| 2023 | 1.00% | 0.35% | 1.24x | 2.29x | $-20.74 Million |
| 2024 | -4.41% | -1.53% | 1.32x | 2.18x | $-32.45 Million |
| 2025 | -23.91% | -6.97% | 1.38x | 2.48x | $-61.94 Million |
| 2026 | -9.70% | -2.90% | 1.40x | 2.38x | $-33.29 Million |
Industry Comparison
This section compares Duluth Holdings Inc's net assets metrics with peer companies in the Apparel Retail industry.
Industry Context
- Industry: Apparel Retail
- Average net assets among peers: $320,799,148
- Average return on equity (ROE) among peers: 39.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Duluth Holdings Inc (DLTH) | $166.12 Million | 51.32% | 1.42x | $124.30 Million |
| American Eagle Outfitters Inc (AEO) | $1.41 Billion | 12.71% | 0.39x | $2.59 Billion |
| AKA Brands Holding Corp (AKA) | $112.04 Million | 1.24% | 0.30x | $100.72 Million |
| Abercrombie & Fitch Company (ANF) | $11.24 Million | 219.56% | 8.41x | $3.35 Billion |
| Allbirds Inc (BIRD) | $316.77 Million | -32.00% | 0.53x | $21.72 Million |
| Buckle Inc (BKE) | $163.26 Million | 22.90% | 0.22x | $2.52 Billion |
| Boot Barn Holdings Inc (BOOT) | $214.61 Million | 13.46% | 1.74x | $4.66 Billion |
| BrilliA Inc (BRIA) | $8.14 Million | 40.25% | 2.34x | $40.75 Million |
| Burlington Stores Inc (BURL) | $528.15 Million | 88.07% | 9.59x | $18.67 Billion |
| Caleres Inc (CAL) | $237.00 Million | 8.57% | 2.05x | $406.91 Million |
| Cato Corporation (CATO) | $207.76 Million | 18.78% | 0.50x | $54.99 Million |
About Duluth Holdings Inc
Duluth Holdings Inc. sells casual wear, workwear, outdoor apparel, and accessories for men and women in the United States. It offers shirts, pants, shorts, underwear, outerwear, footwear, accessories, and hard goods. The company provides its products under the Duluth Trading, AKHG, Alaskan Hardgear, Armachillo, Ballroom, Buck Naked, Bullpen, Cab Commander, Crouch Gusset, Dang Soft, Dry on the Fly… Read more