Douglas Dynamics Inc (PLOW) financials
Douglas Dynamics revenue and earnings by year
Douglas Dynamics's revenue was $656 million in the fiscal year to December 31, 2025, up 15.4% from the year before. Net income was $46.9 million, 7.1% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 5.2% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 656 | 569 | 568 | 616 | 541 | 480 | 572 | 524 | 475 | 416 |
| Revenue growth | 15.4% | 0.1% | -7.8% | 13.8% | 12.8% | -16.0% | 9.1% | 10.3% | 14.1% | — |
| Gross profit | 175 | 147 | 134 | 151 | 142 | 128 | 169 | 155 | 143 | 134 |
| Gross margin | 26.6% | 25.8% | 23.6% | 24.6% | 26.2% | 26.7% | 29.5% | 29.6% | 30.1% | 32.2% |
| Operating income | 74 | 89 | 45 | 59 | 51 | -75 | 87 | 73 | 72 | 80 |
| Operating margin | 11.2% | 15.6% | 7.9% | 9.5% | 9.4% | -15.6% | 15.1% | 14.0% | 15.2% | 19.2% |
| Net income | 47 | 56 | 24 | 39 | 31 | -87 | 49 | 44 | 55 | 39 |
| Net margin | 7.1% | 9.9% | 4.2% | 6.3% | 5.7% | -18.0% | 8.6% | 8.4% | 11.6% | 9.4% |
| Diluted EPS | $1.96 | $2.34 | $0.96 | $1.62 | $1.30 | -$3.82 | $2.12 | $1.89 | $2.40 | $1.70 |
| Free cash flow | 64 | 33 | 2 | 28 | 49 | 39 | 66 | 48 | 59 | 60 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open PLOW in Markets.
How Douglas Dynamics makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Work Truck Attachments | $129M | 60.3% |
| Work Truck Solutions | $85.3M | 39.7% |
See also: PLOW valuation and P/E history · PLOW returns
No forecast, no recommendation. This page describes Douglas Dynamics Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.