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Torrid vs Duluth: revenue, profit, margins and growth compared

Torrid brought in $1B of revenue in fiscal 2025, Duluth $565.2M in fiscal 2026. Revenue changed by -9.4% at Torrid and -9.8% at Duluth on the year before, so Torrid grew faster. Torrid kept -0.7% of its revenue as net profit, Duluth -2.9%. Free cash flow was -$21.9M at Torrid and $16.6M at Duluth.

Side by side, latest fiscal year

CURVDLTH
Fiscal year endedFY2025 (January 31, 2026)FY2026 (February 1, 2026)
Revenue$1B$565.2M
Revenue growth-9.4%-9.8%
Net income-$7M-$16.4M
Net margin-0.7%-2.9%
Free cash flow-$21.9M$16.6M
Free cash flow margin-2.2%2.9%
Earnings per share (diluted)-$0.07-$0.47
Cash$20M$16.3M
Debt$272.4Mn/a
Price to earningsn/an/a
Market value$233.9M$150.9M
Dividend yieldn/an/a
Rank by revenue in sector#458 of 778 · Consumer discretionary#551 of 778 · Consumer discretionary

Over the years

Revenue
CURV FY2021: $1BCURV FY2021: $984.2MCURV FY2021: $1.3BCURV FY2022: $1.3BCURV FY2023: $1.2BCURV FY2024: $1.1BCURV FY2025: $1BDLTH FY2019: $568.1MDLTH FY2020: $615.6MDLTH FY2021: $638.8MDLTH FY2021: $698.6MDLTH FY2022: $653.3MDLTH FY2023: $646.7MDLTH FY2024: $626.6MDLTH FY2026: $565.2MFY19FY20FY21FY22FY23FY24FY25FY26
CURV $1BDLTH $565.2M
Net income
CURV FY2021: $41.9MCURV FY2021: $24.5MCURV FY2021: -$29.9MCURV FY2022: $50.2MCURV FY2023: $11.6MCURV FY2024: $16.3MCURV FY2025: -$7MDLTH FY2019: $23.2MDLTH FY2020: $18.9MDLTH FY2021: $13.6MDLTH FY2021: $29.7MDLTH FY2022: $2.3MDLTH FY2023: -$9.9MDLTH FY2024: -$43.7MDLTH FY2026: -$16.4MFY19FY20FY21FY22FY23FY24FY25FY26
CURV -$7MDLTH -$16.4M
Net margin
CURV FY2021: 4.0%CURV FY2021: 2.5%CURV FY2021: -2.3%CURV FY2022: 3.9%CURV FY2023: 1.0%CURV FY2024: 1.5%CURV FY2025: -0.7%DLTH FY2019: 4.1%DLTH FY2020: 3.1%DLTH FY2021: 2.1%DLTH FY2021: 4.3%DLTH FY2022: 0.4%DLTH FY2023: -1.5%DLTH FY2024: -7.0%DLTH FY2026: -2.9%FY19FY20FY21FY22FY23FY24FY25FY26
CURV -0.7%DLTH -2.9%
Revenue growth
CURV FY2021: -5.1%CURV FY2021: +31.8%CURV FY2022: -0.7%CURV FY2023: -10.6%CURV FY2024: -4.2%CURV FY2025: -9.4%DLTH FY2020: +8.4%DLTH FY2021: +3.8%DLTH FY2021: +9.4%DLTH FY2022: -6.5%DLTH FY2023: -1.0%DLTH FY2024: -3.1%DLTH FY2026: -9.8%FY20FY21FY22FY23FY24FY25FY26
CURV -9.4%DLTH -9.8%
Free cash flow
CURV FY2021: $72.8MCURV FY2021: $140.3MCURV FY2021: $103.7MCURV FY2022: $29.9MCURV FY2023: $16.8MCURV FY2024: $63MCURV FY2025: -$21.9MDLTH FY2019: -$21.9MDLTH FY2020: -$16.1MDLTH FY2021: $39MDLTH FY2021: $81.6MDLTH FY2022: -$28.5MDLTH FY2023: -$10.4MDLTH FY2024: -$25.2MDLTH FY2026: $16.6MFY19FY20FY21FY22FY23FY24FY25FY26
CURV -$21.9MDLTH $16.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about Torrid and Duluth

Which is bigger by revenue, Torrid or Duluth?

Torrid is bigger by revenue: $1B in fiscal 2025, against $565.2M for Duluth in fiscal 2026.

Which keeps more of its revenue as profit, Torrid or Duluth?

Torrid had a net margin of -0.7% in fiscal 2025; Duluth had -2.9% in fiscal 2026.

Which grew revenue faster, Torrid or Duluth?

In their latest fiscal years revenue changed by -9.4% at Torrid and -9.8% at Duluth.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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