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PLOW · NYSE · United States · Construction Machinery & Equip
In shortDOUGLAS DYNAMICS, INC is profitable, generates cash and carries moderate debt, with revenue growing (+15.4% last year).
Financial health
Strong
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 11.2% | 54/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 7.1% | 49/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 17.2% | 86/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 13.0% | 86/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 2.78× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.54× | 81/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.61× | 68/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 3.99 | 74/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 9.7% | 59/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.36× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 10.2% | 73/100 |
| Operating margin volatility | 3.0% | 82/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 2.1% | 28/100 |
|---|---|---|
| EPS growth, 3-year average | 6.3% | 57/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 541 | 616 | 568 | 569 | 656 |
| Cost of revenue | 400 | 465 | 434 | 422 | 481 |
| Gross profit | 142 | 151 | 134 | 147 | 175 |
| Research & development | 10 | 12 | 10 | 8.4 | 7.7 |
| Selling, general & admin | 79 | 82 | 79 | 92 | 95 |
| Operating income | 51 | 59 | 45 | 89 | 74 |
| Interest expense | 1.8 | 0.5 | 0.5 | 0.2 | 0 |
| Pre-tax income | 35 | 47 | 29 | 74 | 62 |
| Income tax | 3.9 | 8.8 | 5.5 | 18 | 15 |
| Net income | 31 | 39 | 24 | 56 | 47 |
| Diluted EPS | $1.29 | $1.63 | $0.98 | $2.36 | $1.96 |
| Diluted shares (millions) | 23 | 23 | 23 | 24 | 24 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
3.99 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 3, 2026