Douglas Dynamics Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	656.05	568.5	568.18	616.07	541.45
Revenue Growth (YoY)	15.40%	0.06%	-7.77%	13.78%	12.77%
Cost of Revenue	481.37	421.67	433.91	464.61	399.58
Gross Profit	174.68	146.84	134.27	151.46	141.87
Selling, General & Admin	94.89	91.68	78.84	82.18	78.84
Depreciation & Amortization Expenses	6.18	7.52	10.52	10.52	10.68
Other Operating Expenses	-	43.52	-	-	1.21
Total Operating Expenses	101.07	142.72	89.36	92.7	90.74
Operating Income	73.61	88.71	44.91	58.75	51.14
Interest Expense	-12.11	-15.26	-15.68	-11.25	-11.84
Other Non-Operating Income (Expense)	0.01	0.44	-	-0.14	-4.71
Total Non-Operating Income (Expense)	-12.1	-14.82	-15.68	-11.39	-16.55
Pretax Income	61.51	73.89	29.23	47.36	34.59
Provision for Income Taxes	14.61	17.74	5.51	8.75	3.9
Net Income	46.9	56.15	23.72	38.61	30.69
Net Income to Common	46.9	56.15	23.72	38.61	30.69
Net Income Growth	-16.48%	136.69%	-38.56%	25.80%	-
Shares Outstanding (Basic)	23	23	23	23	23
Shares Outstanding (Diluted)	24	24	23	23	23
Shares Change (YoY)	0.47%	2.38%	0.21%	-0.21%	0.52%
EPS (Basic)	1.99	2.39	1.01	1.65	1.31
EPS (Diluted)	1.96	2.36	0.98	1.63	1.29
EPS Growth	-16.95%	140.82%	-39.88%	26.36%	-
Free Cash Flow	63.56	33.32	1.95	27.98	49.33
Free Cash Flow Growth	90.74%	1610.52%	-93.04%	-43.27%	26.88%
Free Cash Flow Per Share	2.69	1.42	0.08	1.22	2.15
Dividends Per Share	1.180	1.180	1.180	1.160	1.140
Dividend Growth	-	-	1.72%	1.75%	1.79%
Gross Margin	26.63%	25.83%	23.63%	24.58%	26.20%
Operating Margin	11.22%	15.60%	7.90%	9.54%	9.44%
Profit Margin	7.15%	9.88%	4.18%	6.27%	5.67%
FCF Margin	9.69%	5.86%	0.34%	4.54%	9.11%
EBITDA	88.97	106.6	66.57	79.69	71.45
EBITDA Margin	13.56%	18.75%	11.72%	12.94%	13.20%
EBIT	73.61	88.71	44.91	58.75	51.14
EBIT Margin	11.22%	15.60%	7.90%	9.54%	9.44%
Effective Tax Rate	23.75%	24.01%	18.85%	18.48%	11.27%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

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