DOUGLAS DYNAMICS, INC PLOW

Industrials SIC 3531 - Construction Machinery & Equip NAICS Manufacturing › Machinery Manufacturing › Agriculture, Construction, and Mining Machinery Manufacturing › Construction Machinery Manufacturing derived 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 39.80 2026-10-23
Market cap $918.5M 2026-06-30 share count
52-week range 28.52 - 55.00

Valuation FY2025 figures against the last close

P/S1.4x
P/E20.3x
P/FCF14.4x
EV/EBITDA11.9x
Dividend yield3.0%
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.) 23.6M23.5M23.0M22.9M23.0M22.8M22.81B22.70B22.59B22.48B

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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M 0 200M 400M 600M 800M Revenue, FY2016: 416.3M Gross profit, FY2016: 134M Revenue, FY2017: 474.9M Gross profit, FY2017: 143.1M Revenue, FY2018: 524.1M Gross profit, FY2018: 154.9M Revenue, FY2019: 571.7M Gross profit, FY2019: 168.8M Revenue, FY2020: 480.2M Gross profit, FY2020: 128.3M Net income, FY2020: -86.6M Revenue, FY2021: 541.5M Gross profit, FY2021: 141.9M Net income, FY2021: 30.7M Revenue, FY2022: 616.1M Gross profit, FY2022: 151.5M Net income, FY2022: 38.6M Revenue, FY2023: 568.2M Gross profit, FY2023: 134.3M Net income, FY2023: 23.7M Revenue, FY2024: 568.5M Gross profit, FY2024: 146.8M Net income, FY2024: 56.2M Revenue, FY2025: 656.1M Gross profit, FY2025: 174.7M Net income, FY2025: 46.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $416.3M $474.9M $524.1M $571.7M $480.2M $541.5M $616.1M $568.2M $568.5M $656.1M
Gross profit $134.0M $143.1M $154.9M $168.8M $128.3M $141.9M $151.5M $134.3M $146.8M $174.7M
Net income — — — — -$86.6M $30.7M $38.6M $23.7M $56.2M $46.9M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Shareholder vote Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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