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Douglas Dynamics, Inc.

Douglas Dynamics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $656.1 million, up 15.4% from fiscal 2024. In the quarter to June 2026, revenue grew 10.5%, EPS fell 1.82%, free cash flow fell 97.5% and total debt fell 4.84%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.

39.54 0.12 −0.30%

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Market cap: $915.2M
P/E: 17.7×
Fwd P/E: 16.8×
Dividend yield: 2.98%
F-score: 6/9
Altman Z: 3.31
Beneish M: −2.57
Dividend safety: 69/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	19.94	15.79	18.79	25.82	0.00	29.82	22.13	29.23	10.01	16.44
Piotroski F-Score Full definition →	3	5	6	7	3	6	7	3	7	6
P/S ratio Full definition →	1.84	1.82	1.55	2.19	2.04	1.66	1.35	1.17	0.96	1.15
Altman Z-Score Full definition →	2.39	2.67	2.87	3.68	2.38	3.16	3.19	2.77	3.02	3.31
Altman Z″-Score (non-manufacturers) Full definition →	2.86	3.00	3.31	3.65	1.66	3.11	3.38	3.10	4.22	3.99
P/FCF ratio Full definition →	12.76	14.67	16.79	19.05	25.13	18.18	29.73	341.14	16.36	11.86
Beneish M-Score Full definition →	(2.62)	(2.53)	(2.52)	(2.55)	(3.73)	(2.82)	(2.29)	(2.37)	(2.31)	(2.57)
P/Operating CF Full definition →	13.06	12.87	10.70	12.72	12.15	11.21	7.26	8.67	7.33	7.86
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	69
P/B ratio Full definition →	3.48	3.36	2.88	4.00	4.88	4.18	3.51	2.87	2.06	2.68
Price to Tangible BV Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	14.53	15.58
EV/Sales Full definition →	2.54	2.39	2.03	2.56	2.45	1.99	1.65	1.46	1.23	1.35
EV/EBITDA Full definition →	12.09	12.51	11.33	13.66	0.00	14.89	12.69	12.34	6.54	9.93
EV/Operating CF Full definition →	15.13	17.08	18.25	18.91	22.01	17.79	25.42	66.46	17.07	11.89
EV/FCF Full definition →	17.60	19.27	21.90	22.22	30.21	21.83	36.37	425.38	21.07	13.97
Quick Ratio Full definition →	1.92	1.44	1.38	1.58	1.88	1.33	1.07	0.95	1.32	1.11
Current Ratio Full definition →	3.43	2.45	2.52	2.71	3.28	2.69	2.52	2.21	3.39	2.78
Net Debt/EBITDA Full definition →	3.33	2.99	2.64	1.95	(3.65)	2.49	2.32	2.44	1.32	1.50
Debt/Assets Full definition →	46.47%	44.90%	40.77%	34.61%	41.15%	37.94%	34.59%	31.72%	24.86%	22.75%
Debt/Equity Full definition →	1.40	1.20	0.98	0.78	1.19	1.01	0.87	0.81	0.56	0.51
Asset Turnover Full definition →	0.71	0.70	0.77	0.83	0.75	0.94	1.05	0.95	0.96	1.08
Operating CF/Net income Full definition →	1.79	1.20	1.34	1.59	(0.62)	2.01	1.06	0.54	0.75	1.63
Capex/Depreciation Full definition →	(0.56)	(0.38)	(0.48)	(0.56)	(0.69)	(0.53)	(0.56)	(0.47)	(0.42)	(0.70)
Interest Coverage Full definition →	4.59	3.86	4.34	5.16	(3.71)	4.32	5.22	2.87	5.81	6.08
ROE Full definition →	18.53%	23.19%	16.06%	16.29%	(33.72%)	14.55%	16.77%	9.90%	22.21%	16.80%
ROA Full definition →	6.67%	8.19%	6.36%	7.02%	(13.47%)	5.24%	6.48%	3.90%	9.31%	7.54%
ROIC Full definition →	8.53%	8.39%	8.65%	10.37%	(11.81%)	8.09%	8.68%	7.09%	13.66%	11.07%
Return on Tangible Assets Full definition →	22.02%	32.30%	24.72%	25.29%	(40.20%)	14.70%	17.12%	10.99%	26.31%	21.33%
Average Days of Receivables Full definition →	70.26	60.81	56.75	56.10	63.24	48.71	51.41	56.90	56.12	54.79
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	12.87%	12.82%	13.35%	12.47%	13.46%	14.56%	13.34%	13.88%	16.13%	14.46%
Intangible Assets out of Total Assets Full definition →	0.65	0.62	0.61	0.57	0.46	0.45	0.41	0.39	0.38	0.37
Share Based Compensation of Revenue Full definition →	0.70%	0.74%	0.87%	0.57%	0.59%	1.07%	1.09%	0.17%	0.85%	1.02%
Graham Net Nets Full definition →	(0.35)	(0.27)	(0.24)	(0.14)	(0.17)	(0.15)	(0.13)	(0.15)	(0.16)	(0.11)
Graham Number Full definition →	19.42	24.88	23.15	25.67	0.00	16.60	19.54	14.99	24.66	23.34
Earnings Yield Full definition →	5.01%	6.34%	5.32%	3.87%	(8.91%)	3.35%	4.52%	3.42%	9.99%	6.08%
Free Cash Flow Yield Full definition →	7.84%	6.82%	5.96%	5.25%	3.98%	5.50%	3.36%	0.29%	6.11%	8.43%
Revenue per Share Full definition →	18.52	21.04	23.11	25.10	21.02	23.59	26.88	24.74	24.64	28.42
Operating CF per Share Full definition →	3.11	2.94	2.57	3.39	2.34	2.64	1.75	0.54	1.78	3.24
Capex per Share Full definition →	(0.44)	(0.33)	(0.43)	(0.51)	(0.63)	(0.49)	(0.53)	(0.46)	(0.34)	(0.48)
Free Cash Flow per Share Full definition →	2.67	2.60	2.14	2.89	1.70	2.15	1.22	0.08	1.44	2.75
Cash per Share Full definition →	0.83	1.63	1.23	1.57	1.80	1.61	0.90	1.05	0.22	0.36
Shareholders Equity per Share Full definition →	9.81	11.37	12.47	13.75	8.76	9.35	10.35	10.08	11.45	12.19
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	9.81	11.37	12.47	13.75	8.76	9.35	10.35	10.08	11.45	12.19
Free Cash Flow Full definition →	60.09	58.79	48.49	65.76	38.88	49.33	27.98	1.95	33.32	63.56
Working Capital Full definition →	125.04	117.33	120.03	133.43	150.98	138.52	152.49	143.72	168.03	170.19
Capital Expenditures Full definition →	(9.83)	(7.56)	(9.69)	(11.53)	(14.49)	(11.21)	(12.05)	(10.52)	(7.81)	(11.13)
Net Current Asset Value Full definition →	(269.27)	(230.38)	(194.34)	(181.00)	(161.81)	(137.43)	(106.87)	(99.61)	(87.54)	(79.22)
EV/EBIT Full definition →	15.15	16.00	14.46	16.88	0.00	21.06	17.32	18.45	7.91	12.07
Capex to Sales Full definition →	0.02	0.02	0.02	0.02	0.03	0.02	0.02	0.02	0.01	0.02
Price to Operating Income Full definition →	10.98	12.18	11.08	14.47	0.00	17.53	14.16	14.80	6.15	10.24
Other line items
Depreciation/Fixed assets Full definition →	0.34	0.37	0.37	0.35	0.33	0.32	0.31	0.33	0.45	0.35
Cash ROIC Full definition →	10.95%	9.78%	8.27%	11.09%	8.11%	10.52%	6.03%	0.44%	8.01%	14.70%
Accounts Receivable Turnover Full definition →	5.45	5.96	6.53	6.75	5.61	6.97	7.75	6.48	6.46	7.06
Accounts Payable Turnover Full definition →	17.72	19.74	21.08	23.14	21.72	18.30	12.13	10.76	13.24	13.56
Inventory Turnover Full definition →	4.47	4.31	4.46	4.72	4.09	4.11	3.80	3.10	2.99	3.28
Average Days of Payables Full definition →	22.37	17.95	18.49	14.60	16.89	25.01	38.69	26.39	27.98	29.33
Days of Inventory on Hand Full definition →	96.73	87.15	85.22	76.54	90.90	97.44	108.19	119.96	120.88	116.65
Average Receivables Full definition →	76.34	79.63	80.30	84.68	85.53	77.73	79.51	87.67	87.99	92.94
Average Payables Full definition →	15.93	16.81	17.51	17.41	16.20	21.83	38.31	40.31	31.85	35.50
Average Inventory Full definition →	63.20	77.02	82.72	85.34	86.05	97.15	122.19	140.16	141.13	146.74
Average Assets Full definition →	584.67	675.67	680.68	690.94	642.45	575.84	584.68	595.15	591.70	608.34
Average Common Equity Full definition →	210.48	238.57	269.72	297.96	256.68	207.41	225.86	234.33	247.89	272.83

Show all line items

Columns are period end dates

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