Duluth Holdings Valuation Multiples

Duluth Holdings Overview

About Duluth Holdings

Duluth Holdings Inc is an apparel brand in the United States. The company offers shirts, pants, and casual wear for men and women under brands like Alaskan Hardgear, Armachillo, Ballroom, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No Polo Shirt, No Yank, Wild Boar, and others. The Company’s revenue consists of the sale of apparel, footwear, and hard goods. The company operates in a single operating segment.

Founded

1989

HQ

Employees

2.2K

Website

duluthtrading.com

Sectors

Clothing & AccessoriesSpecialty Stores

Financials (LTM)

Revenue: $562M

EBITDA: $25M

EV

$269M

Valuation Multiples

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Duluth Holdings Financials

Duluth Holdings reported last 12-month revenue of $562M and EBITDA of $25M.

In the same LTM period, Duluth Holdings generated $301M in gross profit, $25M in EBITDA, and had net loss of ($16M).

Duluth Holdings P&L

In the most recent fiscal year, Duluth Holdings reported revenue of $565M and EBITDA of $25M.

Duluth Holdings expects next 12-month revenue of XXX and NTM EBITDA of XXX

Duluth Holdings Stock Performance

Duluth Holdings has current market cap of $81M, and enterprise value of $269M.

Duluth Holdings' stock price is $2.20.

Duluth Holdings Valuation Multiples

Duluth Holdings trades at 0.5x EV/Revenue multiple, and 10.7x EV/EBITDA.

Duluth Holdings Financial Valuation Multiples

As of March 23, 2026, Duluth Holdings has market cap of $81M and EV of $269M.

Equity research analysts estimate Duluth Holdings' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Duluth Holdings has a P/E ratio of (5.1x).

Duluth Holdings Margins & Growth Rates

Duluth Holdings' revenue in the last 12 month declined by (3%).

Duluth Holdings' revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.3M for the same period.

Duluth Holdings' rule of 40 is 2% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Duluth Holdings' rule of X is (3%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Duluth Holdings Public Comps

See public comps and valuation multiples for other Clothing & Accessories and Specialty Stores comps.

Duluth Holdings M&A Activity

Duluth Holdings acquired XXX companies to date.

Last acquisition by Duluth Holdings was on XXXXXXXX, XXXXX. Duluth Holdings acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Duluth Holdings Investment Activity

Duluth Holdings invested in XXX companies to date.

Duluth Holdings made its latest investment on XXXXXXXX, XXXXX. Duluth Holdings invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).