Reading DLHC? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track DLHC free→Reading DLHC? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track DLHC free→NASDAQIndustrialsSpecialty Business ServicesSnapshot 2026-06-15
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is neutral, and management's recent track record has been steady. The company was unprofitable over the past year, so its earnings quality can't be assessed. Risk is elevated, and the sector backdrop is a headwind, which may affect future performance. Peer multiples imply a price about 78% above where it trades (it looks cheap on this basis); the read is cheap, value-trap risk, as it trades below peer multiples while recent financials are weak. If DLHC cuts guidance on the next call, that's a meaningful negative. This read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 3 valuation methods, at three horizons. Current price $5.52. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $5.52 DLHC trades at 0× p/s, below its 2× p/s peer median. Our $25 fair value sits above the price; low confidence. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The price implies about 78% below a flat-multiple fair value, below our forecast of about -8%. This describes what's priced in, not a forecast of the move.
TTM earnings are negative, so the read leans on sales- and cash-flow-based methods rather than P/E. This is a data condition, not a forward call.
No fragility gates fired.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 0 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated neutral grew net income 57% of the time over the next year (vs 64% for the rest of the cohort, n=4882).
Over the trailing year it converted -4.29x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to Fed net liquidity, the US dollar, real (inflation-adjusted) rates, long-term interest rates.
2 material management or governance events in the past 24 months, led by executive changes. Historically, Industrials names rated stable grew net income 60% of the time over the next year (vs 59% for the rest of the cohort, n=792).
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $-0.11 → $-0.17 (-54.5% / 30d). 0 raised, 1 cut, 1 covering analysts.
0 upgrades, 0 downgrades / 30d. 100% of analysts rate Buy.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$110.
How much price usually moves either way.
On a bad day, this stock has moved -$396.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $1,720.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-15
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: This report will show if DLH can improve its loss-making status. Investors will look for signs of recovery.
Confirms one read:The earnings report shows smaller losses. It may also show a return to making money.
Confirms the other:The earnings report shows ongoing losses. There is no sign of improvement in finances.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for DLHC yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
of this Current Report, including Exhibit 99.1 , shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Looks cheaper than most peers in the same business.
Self-history needs ~20 months of data.
Trailing four: 2025-Q2, 2025-Q3, 2026-Q1, 2026-Q2
A side-by-side read on sector standing, valuation, and risk versus Diversified Support Services.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
DLHC DLH Holdings Corp | Above typical Show detailsSector percentile: 89 of 100 | inexpensive | elevated |
CTAS Cintas | Above typical Show detailsSector percentile: 83 of 100 | expensive | moderate |
CPRT Copart | Above typical Show detailsSector percentile: 87 of 100 | fair | elevated |
RBA RB Global | Above typical Show detailsSector percentile: 71 of 100 | full | moderate |
ULS UL Solutions | Above typical Show detailsSector percentile: 80 of 100 | expensive | moderate |
Not investment advice. As of 2026-06-15.
via XLI
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-15.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on accelerating cash generation in the second half of fiscal 2026.
Newly stated in 2026-Q2. Management expects free cash flow of $3.8 million, with cash generation to accelerate in the second half of fiscal 2026. Given the recent negative cash from operations of $4.77 million in 2026-Q1, this indicates a focus on reversing the trend. Persistent statement, limited substantive delivery this quarter.
“Free cash flow of $3.8 million, with cash generation expected to accelerate in the second half of fiscal 2026”
Aim to convert 50-55% of EBITDA to debt reduction over the fiscal year.
Newly stated in 2025-Q3. Management aims to convert 50-55% of EBITDA to debt reduction over the fiscal year. However, with operating income declining from $5.64 million in 2025-Q1 to a loss of $0.055 million in 2026-Q2, progress appears limited. Persistent statement, limited substantive delivery so far.
“the Company continues to anticipate that it will convert 50-55% of EBITDA to debt reduction over the course of the fiscal year.”
Why it matters: If the industrial sector's revenue growth speeds up, it may help DLH's performance. This could signal a better market environment.
Confirms:Sector revenue growth exceeds 5% year over year.
Disproves:Sector revenue growth remains below 5% year over year.
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) At the Annual Meeting of Shareholders held on March 12, 2026 (the “Annual Meeting”) of DLH Holdings Corp. (the “Company”), the shareholders of the Company approved an amendment to the 2025 Equity Incentive Plan (the “2025 Plan”), which was previously approved by the Company’s board of directors subject to shareholder approval. The amendment to the 2025 Plan increases the number of shares…
of this Current Report, including Exhibit 99.1 , shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
of this Current Report, including Exhibit 99.1 , shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Results of Operations and Financial Condition. DLH Holdings Corp. (the “Company”) hereby reports certain preliminary financial information for the fiscal year ended September 30, 2025. Total debt at fiscal year-end was $131.6 million, compared to $154.6 million as of September 30, 2024, reflecting a total reduction of $23.0 million during fiscal 2025, including $10.7 million in the fourth quarter. As a result of the Company’s focus on managing its working capital, all mandatory amortization p…