DOUGLAS DYNAMICS, INC PLOW

Industrials SIC 3531 - Construction Machinery & Equip NYSE

Home to the best-selling brands in the industry, Douglas Dynamics, Inc. (the "Company," "we," "us," "our") is North America's premier manufacturer and upfitter of commercial work truck attachments and equipment. For more than 75 years, the Company has been innovating products that enable end-users to perform their jobs more efficiently and effectively, providing opportunities for businesses to increase profitability. Our commitment to continuous improvement enables us to consistently produce high quality products and drive shareholder value. The Douglas Dynamics portfolio of products and services is separated into two segments: First, the Work Truck Attachments segment, which includes our operations that manufacture and sell snow and ice control attachments and other products sold under the FISHER®, SNOWEX® and WESTERN® brands, and truck-mounted service cranes and dump hoists under the VENCO® and VENTURO® brands. Second, the Work Truck Solutions segment, which includes manufactured municipal snow and ice control products under the HENDERSON® brand and the upfit of market leading attachments and storage solutions under the HENDERSON® brand, and the DEJANA® brand and its related sub-brands. For additional financial information regarding our reportable business segments, see Note 16 of the Notes to Consolidated Financial Statements of this report.

Last close 42.30 2026-09-04
Market cap $976.2M 2026-06-30 share count
52-week range 28.52 - 55.00

Valuation FY2025 figures against the last close

P/S1.5x
P/E21.6x
P/FCF15.3x
EV/EBITDA12.6x
Dividend yield2.9%
Diluted EPS1.96

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $656.1M$568.5M$568.2M$616.1M$541.5M$480.2M$571.7M$524.1M$474.9M$416.3M
Cost of revenue $481.4M$421.7M$433.9M$464.6M$399.6M$351.9M$402.9M$369.2M$331.8M$282.3M
Gross profit $174.7M$146.8M$134.3M$151.5M$141.9M$128.3M$168.8M$154.9M$143.1M$134.0M
R&D $7.7M$8.4M$10.1M$12.2M$10.2M$6.7M$5.7M$3.2M$2.9M$3.1M
SG&A $94.9M$91.7M$78.8M$82.2M$78.8M$64.6M$71.3M$70.0M$60.9M$53.6M
Operating income $73.6M$88.7M$44.9M$58.8M$51.1M-$75.1M$86.6M$73.5M$70.8M$69.8M
Pre-tax income $61.5M$73.9M$29.2M$47.4M$34.6M-$98.8M$62.6M$55.8M$52.9M$63.7M
Income tax $14.6M$17.7M$5.5M$8.8M$3.9M$12.3M$13.5M$11.9M$2.4M$24.7M
Net income $46.9M$56.2M$23.7M$38.6M$30.7M-$86.6M
EPS, basic 1.992.391.011.651.31-3.812.131.912.421.71
EPS, diluted 1.962.360.981.631.29-3.812.111.892.401.70
Shares, diluted (wtd. avg.) $23.6M$23.5M$23.0M$22.9M$23.0M$22.8M$22.81B$22.70B$22.59B$22.48B

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $8.3M$5.1M$24.2M$20.7M$37.0M$41.0M$35.7M$27.8M$36.9M$18.6M
Receivables $97.6M$87.4M$83.8M$86.8M$71.0M$83.2M$87.9M$81.5M$79.1M$78.6M
Inventory $149.7M$137.0M$140.4M$136.5M$104.0M$79.5M$77.9M$82.0M$71.5M$70.9M
Total current assets $266.0M$238.2M$262.2M$252.9M$220.4M$217.2M$211.5M$199.1M$198.1M$176.4M
Property, plant and equipment $44.8M$41.3M$67.3M$68.7M$66.8M$64.3M$58.4M$55.2M$54.0M$52.1M
Goodwill $116.8M$113.1M$113.1M$113.1M$113.1M$113.1M$241.0M$241.0M$241.0M$238.3M
Other intangibles $116.3M$113.5M$121.1M$131.6M$142.1M$152.8M$163.7M$174.7M$186.2M$194.9M
Total assets $626.7M$590.0M$593.4M$596.9M$572.5M$579.2M$705.7M$676.2M$685.2M$666.2M
Accounts payable $38.7M$32.3M$31.4M$49.3M$27.4M$16.3M$16.1M$18.7M$16.3M$17.3M
Short-term debt $7.4M$0$6.8M$11.1M$11.1M$1.7M$22.1M$32.7M$32.7M$2.8M
Total current liabilities $95.8M$70.2M$118.5M$100.4M$81.9M$66.2M$78.1M$79.1M$80.8M$51.4M
Long-term debt $144.0M$147.5M$189.4M$207.7M$236.7M$222.1M$242.9M$274.9M$306.7M
Retained earnings $107.4M$88.4M$59.7M$63.5M$51.9M$47.7M$160.7M$136.8M$115.7M$82.4M
Total equity $281.4M$264.2M$231.6M$237.1M$214.6M$200.2M$313.2M$282.8M$256.7M$220.5M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $74.7M$41.1M$12.5M$40.0M$60.5M$53.4M$77.3M$58.2M$66.4M$69.9M
Depreciation and amortisation $15.4M$17.9M$21.7M$20.9M$20.3M$19.7M$19.2M$19.1M$18.6M$16.7M
Stock-based compensation $6.7M$4.9M$953.0K$6.7M$5.8M$2.8M$3.2M$4.5M$3.5M$2.9M
Capital expenditure $10.8M$7.8M$9.8M$12.4M$11.9M$14.7M$11.5M$9.7M$7.6M$9.8M
Investing cash flow -$37.5M$56.8M-$10.5M-$12.0M-$11.2M-$14.5M-$11.5M-$9.7M-$14.9M-$191.2M
Financing cash flow -$34.1M-$117.0M$1.5M-$44.3M-$53.4M-$33.5M-$57.9M-$57.5M-$33.1M$103.0M
Dividends paid $27.9M$27.5M$27.4M$27.0M$26.5M$25.9M$25.2M$24.4M$22.0M$21.5M
Buybacks $6.0M$0$0$6.0M$0$0

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 0001437749-26-005316.

Others in SIC 3531

TickerCompanyMarket capP/ERevenue growth
CAT CATERPILLAR INC $374.15B 43.3x 4.3%
CNH CNH Industrial N.V. $17.82B 35.1x -10.0%
ASTE ASTEC INDUSTRIES INC $1.02B 26.3x 8.1%
AEBI Aebi Schmidt Holding AG $1.00B 76.2x 40.6%
MTW MANITOWOC CO INC $772.1M 107.0x 2.9%
CMCO COLUMBUS MCKINNON CORP $543.8M 23.9%
GENC GENCOR INDUSTRIES INC $270.0M 17.2x 2.0%