DESTINATION XL GROUP, INC. DXLG
Destination XL Group, Inc., together with its subsidiaries (the "Company"), is the leading specialty retailer of big + tall men's apparel with retail locations throughout the United States. We operate under the trade names of Destination XL®, DXL®, DXL® Big + Tall, DXL Men's Apparel, DXL outlets, Casual Male XL® and Casual Male XL outlets. At January 31, 2026, we operated 258 DXL retail stores, 17 DXL outlet stores, 5 Casual Male XL retail stores, 15 Casual Male XL outlet stores, and a digital business, including an e-commerce site at www.dxl.com, a mobile site m.destinationXL.com and mobile app. Unless the context indicates otherwise, all references to "we," "our," "ours," "us" and "the Company" refer to Destination XL Group, Inc. and our consolidated subsidiaries. We
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $435.0M | $467.0M | $521.8M | $545.8M | $505.0M | $318.9M | $474.0M | $473.8M | $468.0M | $450.3M |
| Cost of revenue | $246.0M | $249.8M | $269.4M | $273.2M | $255.2M | $214.1M | $269.8M | $262.5M | $257.6M | — |
| Gross profit | $189.0M | $217.2M | $252.4M | $272.6M | $249.8M | $104.9M | $204.2M | $211.3M | $210.4M | $204.9M |
| SG&A | $187.4M | $198.3M | $196.5M | $198.8M | $173.0M | $129.1M | $180.7M | $183.9M | $193.2M | $173.3M |
| Total operating expenses | $207.1M | $213.5M | $210.5M | $214.0M | $187.8M | $165.4M | $208.6M | $221.4M | $228.4M | $203.9M |
| Operating income | -$18.2M | $3.7M | $41.9M | $58.6M | $62.0M | -$60.5M | -$4.4M | -$10.1M | -$18.0M | $977.0K |
| Interest expense | $810.0K | $2.1M | $2.1M | $251.0K | $4.3M | $3.9M | $3.3M | $3.5M | $3.4M | $3.1M |
| Pre-tax income | -$17.3M | $5.8M | $38.4M | $58.3M | $57.6M | -$64.4M | -$7.7M | -$13.6M | -$21.4M | -$2.1M |
| Income tax | $18.6M | $2.8M | $10.5M | $30.8M | $917.0K | $106.0K | $105.0K | $50.0K | $2.6M | $166.0K |
| Net income | -$35.9M | $3.1M | $27.9M | $89.1M | $56.7M | -$64.5M | -$7.8M | -$13.5M | -$18.8M | -$2.3M |
| EPS, basic | -0.66 | 0.05 | 0.46 | 1.42 | 0.89 | -1.26 | -0.16 | — | — | — |
| EPS, diluted | -0.66 | 0.05 | 0.43 | 1.33 | 0.83 | -1.26 | -0.16 | -0.28 | -0.39 | -0.05 |
| Shares, diluted (wtd. avg.) | $54.1M | $59.6M | $64.3M | $66.9M | $68.0M | $51.3M | $50.0M | $49.2M | $48.9M | $49.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $23.8M | $11.9M | $27.6M | $52.1M | $15.5M | $19.0M | $4.3M | $4.9M | $5.4M | $5.6M |
| Short-term investments | $5.0M | $36.5M | $32.5M | — | — | — | — | — | — | — |
| Inventory | $73.5M | $75.5M | $81.0M | $93.0M | $81.8M | $85.0M | $102.4M | $106.8M | $103.3M | $117.4M |
| Total current assets | $111.0M | $131.9M | $153.2M | $154.0M | $106.0M | $114.1M | $123.9M | $127.7M | $121.7M | $138.9M |
| Property, plant and equipment | $60.0M | $57.0M | $43.2M | $39.1M | $44.4M | $56.6M | $78.3M | $92.5M | $111.0M | $124.3M |
| Other intangibles | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.8M | $2.2M |
| Total assets | $366.9M | $381.0M | $357.7M | $350.6M | $280.0M | $306.8M | $390.9M | $226.1M | $240.4M | $269.3M |
| Accounts payable | $22.9M | $24.3M | $17.4M | $27.5M | $25.2M | $27.1M | $31.8M | $34.4M | $34.0M | $31.3M |
| Short-term debt | — | — | — | — | — | $3.5M | — | — | $1.4M | $6.9M |
| Total current liabilities | $85.5M | $90.7M | $89.9M | $101.8M | $95.5M | $155.0M | $130.4M | $107.9M | $109.8M | $115.7M |
| Long-term debt | — | — | — | — | — | $14.9M | $14.8M | $14.8M | $10.7M | $12.1M |
| Retained earnings | -$79.8M | -$43.8M | -$46.9M | -$74.8M | -$163.9M | -$220.6M | -$156.1M | -$153.5M | -$139.3M | -$122.6M |
| Total equity | $108.1M | $141.2M | $149.0M | $137.2M | $58.2M | -$4.1M | $58.4M | $58.6M | $70.0M | $88.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $2.1M | $29.6M | $49.6M | $59.9M | $75.5M | -$1.2M | $15.8M | $15.7M | $31.0M | $35.0M |
| Depreciation and amortisation | $15.3M | $13.9M | $13.8M | $15.4M | $17.2M | $21.5M | $24.6M | $28.4M | $30.7M | $29.8M |
| Stock-based compensation | $1.4M | $2.6M | $2.5M | $1.4M | $1.2M | $1.4M | $1.9M | $2.0M | $1.6M | $1.3M |
| Capital expenditure | $20.1M | $27.7M | $17.4M | $9.6M | $5.3M | $4.2M | $13.4M | $11.8M | $22.6M | $29.2M |
| Investing cash flow | $10.4M | -$31.3M | -$49.1M | -$9.6M | -$5.3M | -$4.2M | -$13.4M | -$13.0M | -$22.6M | -$29.2M |
| Financing cash flow | -$595.0K | -$13.9M | -$24.9M | -$13.7M | -$73.8M | $20.1M | -$2.9M | -$3.3M | -$8.6M | -$5.3M |
| Buybacks | $0 | $13.7M | $24.5M | $12.7M | — | — | — | — | $4.7M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-239304.
Others in SIC 5651
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| TJX | TJX COMPANIES INC /DE/ | $145.28B | 27.1x | 7.1% |
| ROST | ROSS STORES, INC. | $73.69B | 34.9x | 7.7% |
| GAP | GAP INC | $7.88B | 10.5x | 1.9% |
| URBN | URBAN OUTFITTERS INC | $6.93B | 16.0x | 11.1% |
| ANF | ABERCROMBIE & FITCH CO /DE/ | $6.35B | 14.3x | 6.4% |
| AEO | AMERICAN EAGLE OUTFITTERS INC | $2.91B | 16.0x | 4.1% |
| BKE | BUCKLE INC | $2.22B | 10.4x | 6.6% |
| LE | LANDS' END, INC. | $323.2M | 60.8x | -2.0% |