A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
DOUGLAS DYNAMICS, INC
PLOW
$1.1B
Mkt Cap
$46.18
+0.15%
DOUGLAS DYNAMICS, INC (PLOW) has a current P/E ratio of 23.6, compared to its historical median P/E of 17.0. The stock is currently considered Expensive based on its historical valuation range.
DOUGLAS DYNAMICS, INC (PLOW) has a 5-year average return on invested capital (ROIC) of 11.8%. This indicates solid capital allocation.
DOUGLAS DYNAMICS, INC (PLOW) has a market capitalization of $1.1B. It is classified as a small-cap stock.
Yes, DOUGLAS DYNAMICS, INC (PLOW) pays a dividend with a trailing twelve-month yield of 2.63%. The company also returns capital through share buybacks, with a buyback yield of 0.84%.
Based on historical P/E analysis, DOUGLAS DYNAMICS, INC (PLOW) appears expensive. The current P/E of 23.6 is 38% above its historical median of 17.0. The estimated fair value CAGR (P/E method) is 0.1%.
DOUGLAS DYNAMICS, INC (PLOW) operates in the Construction Machinery & Equip industry, within the Industrials sector.
DOUGLAS DYNAMICS, INC (PLOW) reported annual revenue of $656 million in its most recent fiscal year, based on SEC EDGAR filings.
Item 1. Business Home to the best-selling brands in the industry, Douglas Dynamics, Inc. (the “Company,” “we,” “us,” “our”) is North America's premier manufacturer and upfitter of commercial work truck attachments and equipment. For more than 75 years, the Company has been innovating products that enable end-users to perform their jobs more efficiently and effectively, providing opportunities for businesses to increase profitability. Our commitment to continuous improvement enables us to consistently produce high quality products and drive shareholder value. The Douglas Dynamics portfolio of products and services is separated into two segments: First, the Work Truck Attachments segment, which includes our operations that manufacture and sell snow and ice control attachments and other products sold under the FISHER®, SNOWEX® and WESTERN® brands, and truck-mounted service cranes and dump hoists under the VENCO® and VENTURO® brands.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 679M | 656M | 569M | 568M | 616M | 541M |
| Net Income | 52M | 46M | 55M | 23M | 38M | 30M |
| EPS | $2.25 | $1.96 | $2.36 | $0.98 | $1.63 | $1.29 |
| Free Cash Flow | 63M | 64M | 33M | 2.7M | 28M | 49M |
| ROIC | 20.4% | 13.4% | 15.7% | 8.1% | 11.0% | 10.9% |
| Gross Margin | 27.2% | 26.6% | 25.8% | 23.6% | 24.6% | 26.2% |
| Debt/Equity | 0.10 | 0.56 | 0.56 | 1.13 | 1.00 | 1.19 |
| Dividends/Share | $1.21 | $1.18 | $1.18 | $1.18 | $1.16 | $1.14 |
| Operating Income | 80M | 74M | 89M | 45M | 59M | 51M |
| Operating Margin | 11.8% | 11.2% | 15.6% | 7.9% | 9.5% | 9.4% |
| ROE | 18.6% | 16.8% | 22.2% | 9.9% | 16.8% | 14.6% |
| Shares Outstanding | 23M | 23M | 23M | 24M | 23M | 23M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 304M | 400M | 416M | 475M | 524M | 572M | 480M | 541M | 616M | 568M | 569M | 656M | 679M |
| Gross Margin | 38.3% | 33.2% | 32.2% | 30.1% | 29.6% | 29.5% | 26.7% | 26.2% | 24.6% | 23.6% | 25.8% | 26.6% | 27.2% |
| R&D | N/A | 2.9M | 3.1M | 2.9M | 3.2M | 5.7M | 6.7M | 10M | 12M | 10M | 8.4M | 7.7M | 7.7M |
| SG&A | 38M | 48M | 54M | 61M | 70M | 71M | 65M | 79M | 82M | 79M | 92M | 95M | 98M |
| EBIT | 72M | 77M | 70M | 71M | 73M | 87M | -75M | 51M | 59M | 45M | 89M | 74M | 80M |
| Op. Margin | 23.8% | 19.3% | 16.8% | 14.9% | 14.0% | 15.1% | -15.6% | 9.4% | 9.5% | 7.9% | 15.6% | 11.2% | 11.8% |
| Net Income | 40M | 44M | 39M | 55M | 44M | 49M | -87M | 30M | 38M | 23M | 55M | 46M | 52M |
| Net Margin | 13.2% | 11.0% | 9.4% | 11.6% | 8.4% | 8.6% | -18.0% | 5.6% | 6.1% | 4.1% | 9.7% | 7.0% | 7.7% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 220K | -111K | 56K | 2.9M | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 15.5% | 14.9% | 10.0% | 13.6% | 10.9% | 12.6% | -17.8% | 10.9% | 11.0% | 8.1% | 15.7% | 13.4% | 20.4% |
| ROE | 24.3% | 23.6% | 18.5% | 23.2% | 16.3% | 16.5% | -33.7% | 14.6% | 16.8% | 9.9% | 22.2% | 16.8% | 18.6% |
| ROA | 9.5% | 9.1% | 6.7% | 8.2% | 6.5% | 7.1% | -13.5% | 5.2% | 6.5% | 3.9% | 9.3% | 7.5% | 8.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 54M | 56M | 70M | 66M | 58M | 77M | 53M | 61M | 40M | 12M | 41M | 75M | 75M |
| Free Cash Flow | 48M | 46M | 60M | 59M | 48M | 66M | 39M | 49M | 28M | 2.7M | 33M | 64M | 63M |
| Owner Earnings | 42M | 41M | 50M | 44M | 35M | 55M | 31M | 34M | 12M | -10M | 18M | 53M | 53M |
| CapEx | 5.3M | 10M | 9.8M | 7.6M | 9.7M | 12M | 15M | 12M | 12M | 9.8M | 7.8M | 11M | 12M |
| Maint. CapEx | 9.2M | 12M | 17M | 19M | 19M | 19M | 20M | 20M | 21M | 22M | 18M | 15M | 15M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 9.2M | 12M | 17M | 19M | 19M | 19M | 20M | 20M | 21M | 22M | 18M | 15M | 15M |
| CapEx/OCF | 9.8% | 17.7% | 14.1% | 11.4% | 16.7% | 14.9% | 27.2% | 18.5% | 30.1% | 84.4% | 19.0% | 14.9% | 15.8% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 20M | 20M | 21M | 22M | 24M | 25M | 26M | 27M | 27M | 27M | 27M | 28M | 28M |
| Dividend Yield | 7.1% | 5.9% | 4.9% | 3.7% | 3.2% | 3.3% | 3.6% | 3.2% | 4.0% | 4.1% | 5.0% | 4.3% | 2.6% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.0M | 0 | 0 | 6.0M | 9.0M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.8% | N/A | N/A | 0.8% | 0.8% |
| Stock-Based Comp | 2.9M | 3.3M | 2.9M | 3.5M | 4.5M | 3.2M | 2.8M | 5.8M | 6.7M | 953K | 4.9M | 6.7M | 7.1M |
| Debt Repayment | 112M | 1.9M | 2.6M | 3.1M | 33M | 33M | 277M | 250M | 11M | 18M | 42M | 153M | 153M |
| Balance Sheet | |||||||||||||
| Net Debt | 169M | 147M | 291M | 271M | 248M | 231M | 219M | 219M | 217M | 238M | 142M | 148M | 22M |
| Cash & Equiv. | 19M | 37M | 19M | 37M | 28M | 36M | 41M | 37M | 21M | 24M | 5.1M | 8.3M | 5.2M |
| Long-Term Debt | 186M | 183M | 307M | 275M | 243M | 222M | 237M | 224M | 208M | 189M | 148M | 144M | N/A |
| Debt/Equity | 1.09 | 0.92 | 1.40 | 1.20 | 0.98 | 0.85 | 1.30 | 1.19 | 1.00 | 1.13 | 0.56 | 0.56 | 0.10 |
| Interest Coverage | 29.1 | 33.1 | 17.3 | 22.1 | 30.8 | 55.4 | -123.0 | 29.1 | 123.4 | 94.3 | 448.0 | N/A | N/A |
| Equity | 173M | 200M | 220M | 257M | 283M | 313M | 200M | 215M | 237M | 232M | 264M | 281M | 279M |
| Total Assets | 478M | 497M | 666M | 685M | 676M | 706M | 579M | 572M | 597M | 593M | 590M | 627M | 630M |
| Total Liabilities | 59M | 65M | 71M | 428M | 393M | 393M | 379M | 358M | 360M | 362M | 326M | 345M | -1.5M |
| Intangibles | 135M | 128M | 195M | 186M | 175M | 164M | 153M | 142M | 132M | 121M | 114M | 116M | 115M |
| Retained Earnings | 41M | 65M | 82M | 116M | 137M | 161M | 48M | 52M | 63M | 60M | 88M | 107M | 107M |
| Working Capital | 97M | 128M | 125M | 117M | 120M | 133M | 151M | 139M | 152M | 144M | 168M | 170M | 167M |
| Current Assets | 143M | 169M | 176M | 198M | 199M | 212M | 217M | 220M | 253M | 262M | 238M | 266M | 268M |
| Current Liabilities | 46M | 42M | 51M | 81M | 79M | 78M | 66M | 82M | 100M | 119M | 70M | 96M | 101M |
| Per Share Data | |||||||||||||
| EPS | 1.77 | 1.94 | 1.70 | 2.40 | 1.89 | 2.11 | -3.81 | 1.29 | 1.63 | 0.98 | 2.36 | 1.96 | 2.25 |
| Owner EPS | 1.84 | 1.80 | 2.19 | 1.92 | 1.49 | 2.35 | 1.36 | 1.47 | 0.53 | -0.43 | 0.79 | 2.25 | 2.27 |
| Book Value | 7.68 | 8.80 | 9.61 | 11.13 | 12.17 | 13.44 | 8.81 | 9.17 | 10.21 | 9.78 | 11.32 | 12.03 | 12.08 |
| Cash Flow/Share | 2.38 | 2.48 | 3.05 | 2.88 | 2.50 | 3.32 | 2.35 | 2.59 | 1.72 | 0.53 | 1.76 | 3.19 | 2.91 |
| Dividends/Share | 0.87 | 0.89 | 0.94 | 0.96 | 1.06 | 1.09 | 1.12 | 1.14 | 1.16 | 1.18 | 1.18 | 1.18 | 1.21 |
| Shares Out. | 22.6M | 22.8M | 22.9M | 23.1M | 23.2M | 23.3M | 22.7M | 23.4M | 23.2M | 23.7M | 23.3M | 23.4M | 23.1M |
| Valuation | |||||||||||||
| P/E Ratio | 8.6 | 7.9 | 14.9 | 12.0 | 14.8 | 21.0 | N/A | 25.8 | 19.3 | 28.4 | 9.5 | 17.0 | 20.5 |
| P/FCF | 7.1 | 7.5 | 9.7 | 11.3 | 13.4 | 15.7 | 20.6 | 16.0 | 26.4 | 243.8 | 15.7 | 12.2 | 16.9 |
| EV/EBIT | 6.6 | 6.0 | 12.4 | 13.1 | 12.3 | 14.2 | N/A | 15.4 | 12.7 | 15.8 | 6.0 | 11.0 | 13.6 |
| Price/Book | 1.9 | 1.7 | 2.6 | 2.6 | 2.3 | 3.3 | 4.0 | 3.7 | 3.1 | 2.9 | 2.0 | 2.8 | 3.8 |
| Price/Sales | 0.9 | 0.9 | 1.0 | 1.2 | 1.5 | 1.3 | 1.5 | 1.5 | 1.1 | 1.2 | 1.0 | 1.0 | 1.6 |
| FCF Yield | 14.4% | 13.3% | 10.3% | 8.9% | 7.5% | 6.4% | 4.9% | 6.1% | 3.7% | 0.4% | 6.3% | 8.0% | 5.9% |
| Market Cap | 337M | 349M | 582M | 664M | 648M | 1.0B | 797M | 792M | 744M | 674M | 533M | 799M | 1.1B |
| Avg. Price | 12.30 | 15.05 | 18.89 | 25.72 | 33.11 | 33.03 | 31.87 | 35.25 | 28.76 | 28.11 | 23.58 | 27.97 | 46.18 |
| Year-End Price | 15.16 | 15.33 | 25.35 | 28.80 | 27.90 | 44.27 | 35.07 | 33.30 | 31.42 | 27.84 | 22.40 | 33.38 | 46.18 |
DOUGLAS DYNAMICS, INC passes 5 of 9 quality checks, suggesting mixed fundamentals.
DOUGLAS DYNAMICS, INC trades at 23.6x trailing earnings, compared to its 15-year median P/E of 17.0x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 16.8x vs a median of 15.7x. The company's 5-year average ROIC is 11.8% with a gross margin of 25.4%. Total shareholder yield (dividends + buybacks) is 3.5%. At current prices, the estimated annualized return to fair value is -8.6%.
DOUGLAS DYNAMICS, INC (PLOW) has a net profit margin of 7.0%. This is a modest margin.
DOUGLAS DYNAMICS, INC (PLOW) generated $64 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
DOUGLAS DYNAMICS, INC (PLOW) has a debt-to-equity ratio of 0.56. This indicates moderate leverage.
DOUGLAS DYNAMICS, INC (PLOW) reported earnings per share (EPS) of $1.96 in its most recent fiscal year.
DOUGLAS DYNAMICS, INC (PLOW) has a return on equity (ROE) of 16.8%. This indicates the company generates strong returns for shareholders.
DOUGLAS DYNAMICS, INC (PLOW) has a 5-year average gross margin of 25.4%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for DOUGLAS DYNAMICS, INC (PLOW), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
DOUGLAS DYNAMICS, INC (PLOW) has a book value per share of $12.03, based on its most recent annual SEC filing.