| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | 2 | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡‡ |
|
| 2027 | ‡‡‡‡ |
|
| 2026 | 1.18 |
—
—
—
|
| 2025 | 1.18 |
—
—
—
—
|
| 2024 | 1.18 |
—
—
—
—
|
| 2023 | 1.18 |
—
—
—
—
|
| 2022 | 1.16 |
—
—
—
—
|
| 2021 | 1.14 |
—
—
—
—
|
| 2020 | 1.12 |
—
—
—
—
|
| 2019 | 1.09 |
—
—
—
—
|
| 2018 | 1.06 |
—
—
—
—
|
| 2017 | 0.96 |
—
—
—
—
|
| 2016 | 0.94 |
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 24.16 | 5.12 | 8.30 | 1.88 |
| Receivables | 88.58 | 87.41 | 98.48 | 156.63 |
| Inventory | 142.61 | 139.65 | 153.84 | 179.34 |
| Other | — | — | — | — |
| 262.24 | 238.23 | 266.03 | 342.38 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 31.37 | 32.32 | 38.69 | 38.62 |
| ST’ Debt | 6.76 | — | 7.42 | 7.42 |
| Other | 2.22 | 2.61 | 4.18 | 4.36 |
| 118.52 | 70.19 | 95.85 | 158.38 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 137.80 | 214.65 | — | — |
—
|
| ’25 | 115.07 | 194.33 | 162.12 | 184.54 |
656.05
|
| ’24 | 95.66 | 199.90 | 129.40 | 143.55 |
568.50
|
| ’23 | 82.55 | 207.27 | 144.12 | 134.25 |
568.18
|
| ’22 | 102.60 | 187.56 | 166.10 | 159.81 |
616.07
|
| ’21 | 103.34 | 157.53 | 127.64 | 152.95 |
541.45
|
| ’20 | 68.19 | 120.04 | 133.76 | 158.16 |
480.15
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.99) | (24.20) | — | — |
—
|
| ’25 | (1.34) | (11.38) | (8.52) | 95.93 |
74.69
|
| ’24 | (21.62) | 2.51 | (14.16) | 74.40 |
41.13
|
| ’23 | (56.92) | (9.31) | 2.08 | 76.62 |
12.47
|
| ’22 | (25.99) | (32.21) | (16.28) | 114.52 |
40.03
|
| ’21 | 24.15 | (11.01) | (32.62) | 80.02 |
60.54
|
| ’20 | (9.08) | 3.06 | (21.06) | 80.45 |
53.37
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (4.15) | (28.34) | — | — |
—
|
| ’25 | (3.50) | (14.35) | (11.44) | 92.85 |
63.56
|
| ’24 | (22.95) | 1.08 | (15.39) | 70.58 |
33.32
|
| ’23 | (59.66) | (11.85) | (0.35) | 73.82 |
1.95
|
| ’22 | (28.19) | (35.59) | (19.63) | 111.39 |
27.98
|
| ’21 | 21.97 | (13.42) | (35.31) | 76.08 |
49.33
|
| ’20 | (11.38) | 0.31 | (25.47) | 75.42 |
38.88
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.26 | 1.07 | — | — |
—
|
| ’25 | 0.01 | 1.09 | 0.33 | 0.54 |
1.96
|
| ’24 | (0.37) | 1.02 | 1.36 | 0.33 |
2.36
|
| ’23 | (0.58) | 1.01 | 0.24 | 0.29 |
0.98
|
| ’22 | (0.18) | 0.75 | 0.56 | 0.49 |
1.63
|
| ’21 | 0.03 | 0.60 | 0.30 | 0.38 |
1.29
|
| ’20 | (0.44) | (4.55) | 0.39 | 0.78 |
(3.81)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 27.76 | 23.15 | 21.31 | 21.30 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 40.82 | 41.40 | 30.98 | 34.41 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,813 | 1,804 | 1,673 | 1,764 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.34 | 0.31 | 0.34 | 0.37 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 616.07 | 568.18 | 568.50 | 656.05 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 24.58% | 23.63% | 25.83% | 26.63% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 47.36 | 29.23 | 73.89 | 61.51 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.69% | 5.15% | 13.00% | 9.38% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 38.61 | 23.72 | 56.15 | 46.90 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 21.43 | 22.25 | 18.59 | 15.85 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 26.88 | 24.74 | 24.64 | 28.42 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | 1.65 | 1.01 | 2.39 | 1.99 | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.75 | 0.54 | 1.78 | 3.24 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.53) | (0.46) | (0.34) | (0.48) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.22 | 0.08 | 1.44 | 2.75 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.35 | 10.08 | 11.45 | 12.19 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 22.92 | 22.96 | 23.07 | 23.09 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | 22.13 | 29.23 | 10.01 | 16.41 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.35 | 1.17 | 0.96 | 1.15 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.51 | 2.87 | 2.06 | 2.68 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.65 | 1.46 | 1.23 | 1.35 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 36.37 | 425.38 | 21.07 | 13.97 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 40.03 | 12.47 | 41.13 | 74.69 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (12.05) | (10.52) | (7.81) | (11.13) | ‡‡‡‡‡ | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 27.98 | 1.95 | 33.32 | 63.56 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 152.49 | 143.72 | 168.03 | 170.19 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 206.44 | 188.25 | 146.68 | 142.58 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 185.77 | 164.10 | 141.56 | 134.28 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 237.10 | 231.57 | 264.22 | 281.45 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.48% | 3.90% | 9.31% | 7.54% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.68% | 7.09% | 13.66% | 11.07% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 16.77% | 9.90% | 22.21% | 16.80% | — | — | — |
ROE
|
Douglas Dynamics, Inc. (PLOW), a leader in snow and ice removal equipment, has demonstrated revenue resilience post-pandemic, climbing from a 2020 COVID-induced low to forecasted peaks of $746 million by 2027 amid cyclical weather-driven demand. However, profitability faces severe headwinds, with gross margins eroding from 32% in 2016 to 25.8% in 2024 due to rising costs, supply chain issues, and competition, while net income and free cash flow remain volatile despite a strong rebound in 2024.
The company’s balance sheet stands as a fortress, with debt slashed 53% since 2016 and robust working capital providing seasonal buffers, boosting ROIC to 13.7%. Yet, the stock trades near consensus targets with wide dispersion—14% upside for bulls, 17% downside for bears—amid notable insider selling and no buys, signaling skepticism over margin sustainability and softening winters linked to climate shifts.
Analysts project modest EPS growth and cheap valuations (PE at 10x currently), banking on fleet replacements and infrastructure spending, but this overlooks risks from milder weather patterns and plateauing efficiencies. A contrarian fade of the rally suggests holding for yield rather than growth, with Q1 2026 snow reports as a key watchpoint.
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