Douglas Dynamics, Inc.
Rank #294Capital ReturnPLOW · NYSE · Consumer Cyclical
Douglas Dynamics, Inc. (PLOW) — Rank #294 by gross profitability (GP/assets 0.24) · ROE 15.7% · Piotroski F-Score 6 / 9.
As-of 2026-09-15 · 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
Financials
Each fiscal year is read as-of that year’s own 10-K filing, so nothing restated after the fact leaks backwards. Line items this filer never tagged are omitted. Hover or tap a badge for the diagnostic behind it.
| Fiscal year end | 2025-12-31filed 2026-02-24 | 2024-12-31filed 2025-02-25 | 2023-12-31filed 2024-02-27 | 2022-12-31filed 2023-02-21 |
|---|---|---|---|---|
| Operating | ||||
| Depreciation & amortization | 15.4 | 17.9 | 21.7 | 20.9 |
| Stock-based compensation | 6.7 | 4.9 | 1.0 | 6.7 |
| Change in receivables | 6.1 | 4.3 | (2.7) | 14.3 |
| Change in inventory | 0.7 | (3.4) | 3.9 | 32.5 |
| Change in payables | 3.4 | 1.0 | (17.1) | 21.5 |
| Operating cash flow | 74.7 | 41.1 | 12.5 | 40.0 |
| Investing | ||||
| Capital expenditures | 11.1 | 7.8 | 10.5 | 12.0 |
| Acquisitions, net of cash | — | — | — | — |
| Investing cash flow | (37.5) | 56.8 | (10.5) | (12.0) |
| Financing | ||||
| Debt issued | 148.8 | — | — | — |
| Debt repaid | 153.3 | 42.0 | 18.4 | 11.3 |
| Share repurchases | 6.0 | 0.0 | 0.0 | 6.0 |
| Dividends paid | 27.9 | 27.5 | 27.4 | 27.0 |
| Financing cash flow | (34.1) | (117.0) | 1.5 | (44.3) |
| Summary | ||||
| Free cash flow | 63.6 | 33.3 | 1.9 | 28.0 |
Figures are as originally filed with the SEC (point-in-time), not restated, so they can differ slightly from sites that show later-restated numbers. Why point-in-time?