Duluth Holdings Inc. (DLTH) vs Stitch Fix, Inc. (SFIX)

Duluth Holdings Inc. and Stitch Fix, Inc. are both Apparel Retail companies. Stitch Fix, Inc. is the larger, with a market value of $293.6M against $152.8M — 1.9× the size. Stitch Fix, Inc. has negative trailing earnings, so its P/E is not meaningful; Duluth Holdings Inc. trades at 24.8×. Stitch Fix, Inc. grew revenue faster over the last twelve months: 4.66% against −8.63%. Duluth Holdings Inc. has the higher net margin (1.07% vs −1.43%) and the higher return on invested capital (2.96% vs −121.7%). Across the 19 metrics below, Duluth Holdings Inc. leads on 14 and Stitch Fix, Inc. on 5.

Valuation

Metric DLTH SFIX Apparel Retail median
P/E 24.81 n/m 12.56
P/S 0.25 0.22 0.35
P/B 0.80 1.45 1.57
Price to free cash flow 2.43 16.03 11.15
EV/EBITDA 4.96 n/m 7.42
EV/Sales 0.30 0.08 0.51
Earnings yield 4.03% (6.74%) 5.76%
Free cash flow yield 41.09% 6.24% 4.34%

Profitability

Metric DLTH SFIX Apparel Retail median
Gross margin 58.33% 43.66% 41.90%
Operating margin 1.71% (2.14%) 2.50%
Net margin 1.07% (1.43%) 3.41%
Free cash flow margin 10.45% 1.37% 2.86%
Return on equity 3.45% (9.51%) 7.71%
Return on assets 1.43% (3.86%) 2.85%
Return on invested capital 2.96% (121.72%) 6.41%

Growth

Metric DLTH SFIX Apparel Retail median
Revenue growth (TTM) (8.63%) 4.66% 4.14%
EPS growth (last fiscal year) 64.12% 79.14% —
Revenue growth, 5-year CAGR (2.42%) (5.84%) 5.92%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric DLTH SFIX Apparel Retail median
Debt to equity 0.29 0.00 0.01
Current ratio 1.88 1.50 1.54
Net debt to EBITDA 2.35 18.38 (0.29)

Dividend

Metric DLTH SFIX Apparel Retail median
Dividend yield — — 2.94%
Payout ratio 0.00 0.00 0.00

Size

Metric DLTH SFIX Apparel Retail median
Market cap 152.78m 293.59m 358.41m

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