Douglas Dynamics, Inc.

PLOW Consumer Cyclical Auto Parts

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

Fold the line items

Columns are period end dates