Douglas Dynamics, Inc. (PLOW)

Douglas Dynamics Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	678.78	656.05	568.5	568.18	616.07	541.45
Revenue Growth	15.46%	15.40%	0.06%	-7.77%	13.78%	12.77%
Gross Profit Gross Profit Growth	184.31	174.68	146.84	134.27	151.46	141.87
Operating Income Operating Income Growth	80.32	73.61	88.71	44.91	58.75	51.14
Net Income Net Income Growth	53.13	46.9	56.15	23.72	38.61	30.69
Earnings Per Share EPS Growth	2.22	1.96	2.36	0.98	1.63	1.29
EPS Growth	-18.08%	-16.95%	140.82%	-39.88%	26.36%	-

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Work Truck Attachments Work Truck Attachments Growth	320.18	295.73	256.01	291.72	382.3	325.71
Work Truck Solutions Work Truck Solutions Growth	358.6	360.33	312.49	276.46	233.77	215.75
Total Total Growth	678.78	656.05	568.5	568.18	616.07	541.45

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	5.19	8.3	5.12	24.16	20.67	36.96
Total Debt Total Debt Growth	234.72	219.05	221.47	256.7	226.53	239.88
Net Cash (Debt) Net Cash Growth	-229.53	-210.75	-216.35	-232.55	-205.86	-202.92
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-9.73	-8.92	-9.20	-10.13	-8.98	-8.84

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	-8.52	74.69	41.13	12.47	40.03	60.54
Capital Expenditures CapEx Growth	-12.13	-11.13	-7.81	-10.52	-12.05	-11.21
Free Cash Flow Free Cash Flow Growth	-20.65	63.56	33.32	1.95	27.98	49.33
Free Cash Flow Growth	-	90.74%	1610.52%	-93.04%	-43.27%	26.88%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	27.15%	26.63%	25.83%	23.63%	24.58%	26.20%
Operating Margin	11.83%	11.22%	15.60%	7.90%	9.54%	9.44%
Pretax Margin	10.15%	9.38%	13.00%	5.15%	7.69%	6.39%
Profit Margin	7.83%	7.15%	9.88%	4.18%	6.27%	5.67%
FCF Margin	-3.04%	9.69%	5.86%	0.34%	4.54%	9.11%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 2, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	1.180	1.180	1.180	1.180	1.160	1.140
Dividend Per Share Growth	0%	0%	0%	1.72%	1.75%	1.79%
Dividend Yield	2.67%	3.71%	5.04%	4.03%	3.26%	2.96%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 2, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	19.94	16.66	10.01	30.29	22.18	30.28
Forward PE	16.36	13.88	14.96	15.96	17.75	20.42
P/FCF Ratio	16.22	11.85	16.38	350.19	29.57	18.20
PS Ratio	1.50	1.15	0.96	1.20	1.34	1.66

Data Sources: Fiscal.ai and S&P Global Market Intelligence Last updated: May 5, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company. Revenue segment data is provided by S&P Global Market Intelligence.

Update frequency:

Quarterly

Last checked:

Jul 31, 2026

Data Sources Report a data error