PLOW · NYSE · Consumer Cyclical
Douglas Dynamics, Inc. (PLOW) — Rank #283 by gross profitability (GP/assets 0.24) · ROE 15.7% · Piotroski F-Score 6 / 9.
As-of 2026-10-30 · CIK 0001287213 · all metrics point-in-time as of the filing date.
About
Douglas Dynamics, Inc. operates as a manufacturer and upfitter of commercial vehicle attachments and equipment in North America.
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It operates in two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, and other products sold under the FISHER, WESTERN, and SNOWEX brands, as well as truck-mounted service cranes and dump hoists under the VENCO and VENTURO brands. The Work Truck Solutions segment engages in the manufacturing of municipal snow and ice control products under the HENDERSON brand; and upfit of attachments and storage under the HENDERSON and DEJANA brands, and related sub brands. The company also provides customized turnkey solutions to governmental agencies, such as departments of transportation and municipalities. It sells its products through a distributor network primarily to professional snowplowers who are contracted to remove snow and ice from commercial and residential areas. Douglas Dynamics, Inc.
was founded in 1946 and is headquartered in Milwaukee, Wisconsin.
- Industry
- Auto Parts
- Sector
- Consumer Cyclical
- State
- DE
- Filer Category
- Accelerated filer
- Fiscal Year End
- December 31
- Website
- douglasdynamics.com
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
—
P/E (annual)
—
P/S (annual)
—
P/B
—
P/OCF (annual)
—
Shareholder Yield
—
Employees
1,764
Industry
Auto Parts
Exchange
NYSE
11/12
Flags passed
PLOW fails 1 critical flag
Passes 11 of 12 quality flags
- FAILOperating margin declining
Operating margin lower than prior year
- PASSGross margin holding
- PASSDilution within 2%
- PASSFCF not negative from investment
- PASSDisclosure consistent
- PASSRevenue not declining
- PASSFree cash flow intact
- PASSPasses safety gate
- PASSBalance sheet stable
- PASSNo competitive retreat
- PASSSBC not compressing margin
- PASSNo valuation convergence
Strengths Revenue growth accelerating · Deferred revenue growing · Sequential beat (rev + EPS)
A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
2/2 passFCF yield, shareholder yield, and buyback activity are the primary reads at this stage.
Profitability
Does it make money well?
Warning: Operating margin declining · GP/assets 48th percentile of 26 SIC 35 peers
Gross profitability (GP / assets)
0.24
Primary signal (Novy-Marx).
48th pctl of 26 SIC 35 peers
Return on equity
15.7%
Gross margin
26.6%
12th pctl of 26 SIC 35 peers
Revenue growth (YoY)
15.4%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
2.1%
Revenue CAGR (5Y)
6.4%
Earnings CAGR (3Y)
6.7%
FCF CAGR (3Y)
31.4%
Cash Flow Health
Is the cash real?
No warning flags · FCF 36% above net income
Free cash flow
$63.56M
Operating cash flow minus capex.
Positive free cash flow
FCF vs net income
35.5%
(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.
FCF not below net income
Fails when free cash flow is below net income (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
1.0%
Stock-based comp intensity.
Balance Sheet Strength
Can it survive a storm?
No warning flags · net debt $199.14M, F-Score 6/9
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
1.42
20th pctl of 26 SIC 35 peers (best = lowest)
Current ratio
2.16×
52nd pctl of 26 SIC 35 peers
Quick ratio
1.00×
Net cash
-$199.14M
Cash & equivalents minus total debt.
Piotroski F-Score
6 / 9
Fundamental-strength score (0-9).
Valuation
Is the price reasonable?
No warning flags
Dividend safety
Composite score
3.2 / 5
Capital allocation quality
Composite score
3.3 / 5
Lifecycle Phase History
Price History
Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports