PLOW Consumer Cyclical

Douglas Dynamics, Inc.

$36.66-8.05%

Price as of close on Nov 3, 2026 · Financials updated Oct 10, 2026

Basics

Sector: Consumer Cyclical
Industry: Auto Parts
Country: United States
Market cap: 846.0M USD
Enterprise value: 1.1B USD
Full-time employees: 1,764

Overall health

Drawback: its share price swings more than most peers’ (beta 1.20 vs a peer median of 0.63)bigger price swings (beta 1.20 vs peers 0.63)
About average: valuation and risk (debt, liquidity and share-price swings)valuation and risk

Ranks #468 of 1,502 consumer cyclical companies (top 32%)

See how it ranks against its peers

Worth knowing

Stock pay outran buybacks. Stock-based pay expense $13M vs $6M spent repurchasing shares over the 3 fiscal years to 2025. Shares outstanding changed +0.8% from December 2022 to August 2026.
Over three fiscal years Douglas Dynamics recorded $13M of stock-based pay expense and spent $6M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years Douglas Dynamics recorded $13M of stock-based pay expense and spent $6M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.
Profit is backed by cash. Free cash flow is 94% of reported profit.
Douglas Dynamics's free cash flow is 94% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.
Fast revenue growth. Revenue grew 20% in the 12 months to June 2026 vs the 12 months before, faster than 90% of peers.
Revenue grew 20% in the 12 months to June 2026 vs the 12 months before, faster than 90% of its peers.

StockQuotient Score

60/ 100▲ 2 since Oct 27 close

Oct 5 58 → Nov 4 60 (+2)

Valuation

Is the price right?

55/100

Moderate▲ 5 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 50 → 55

Share price -7.7%+5

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Helped by:

▲ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield6.2%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score 0.55Sector median: 0.0439 · MAD: 0.0329

EBITDA yield9.4%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 0.14Sector median: 0.0877 · MAD: 0.0461

Free cash flow yield5.8%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.06Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield35.4%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

63/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 3.0%

Why

Stronger than most peers on:

▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth-20.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.99Sector median: 0.0420 · MAD: 0.2537

3-year revenue growth4.3%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 0.01Sector median: 0.0425 · MAD: 0.0636

Revenue growth20.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.50Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

76/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ ROA
▲ ROIC
▲ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin11.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.06Sector median: 0.0638 · MAD: 0.0461

Return on assets7.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.55Sector median: 0.0331 · MAD: 0.0254

Return on invested capital13.9%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.10Sector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin27.3%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equity17.5%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Mixed versus peers:

▲ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.20

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.90Sector median: 0.6345 · MAD: 0.2980

Current ratio2.16×

SEC filings · latest balance sheetReported value33% base weight · Z-score 1.22Sector median: 1.4800 · MAD: 0.5570

Debt / equity0.53×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.18Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Douglas Dynamics

Is Douglas Dynamics getting weaker?: Its latest SEC filing (Aug 3, 2026) showed no major changes. Its overall score is 60/100, up 2 since Oct 28, 2026.
How is Douglas Dynamics valued vs its peers?: Priced about in line with its peers. Valuation scores 55/100 against 1,612 consumer cyclical peers. Earnings yield 6.2% vs a peer median of 4.4% (stronger than 66% of peers).Earnings yield 6.2% vs peers 4.4% (stronger than 66% of peers).
Is Douglas Dynamics growing?: Yes, faster than most of its peers. Growth scores 63/100 against 1,612 consumer cyclical peers. Revenue growth 20.1% vs a peer median of 3.7% (stronger than 90% of peers).Revenue growth 20.1% vs peers 3.7% (stronger than 90% of peers). Earnings per share growth -20.8% vs a peer median of 4.2% (weaker than 74% of peers).Earnings per share growth -20.8% vs peers 4.2% (weaker than 74% of peers).
How profitable is Douglas Dynamics?: More profitable than most of its peers. Profitability scores 76/100 against 1,612 consumer cyclical peers. Return on assets 7.2% vs a peer median of 3.3% (stronger than 82% of peers).Return on assets 7.2% vs peers 3.3% (stronger than 82% of peers).
How risky is Douglas Dynamics?: Moderate risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 2.16× vs a peer median of 1.48× (stronger than 73% of peers).Current ratio 2.16× vs peers 1.48× (stronger than 73% of peers). Beta 1.20 vs a peer median of 0.63 (weaker than 83% of peers).Beta 1.20 vs peers 0.63 (weaker than 83% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 3, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	678.8M USD	699.1M USD	+3.0%
Net income (12 months)	53.1M USD	52.5M USD	−1.1%
Operating margin	11.8%	11.3%	−0.6 pts
Free cash flow (12 months)	63.2M USD	49.2M USD	−22.1%
Cash	5.2M USD	1.9M USD	−63.9%
Shares outstanding	23.1M	23.1M	−0.2%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Auto Parts · 21 companies

Valuations in Auto Parts are within their usual range since 2016.

53% of months since 2016 were valued lower than now.
12% of companies are in the most expensive fifth of their own price-to-sales history.
Median price-to-sales is −62% vs the whole market, against a usual −53%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	26.2%	24.6%	23.6%	25.8%	26.6%	▲ 0.8 pts
Operating margin	9.4%	9.5%	7.9%	15.6%	11.2%	▼ 4.4 pts
Net margin	5.7%	6.3%	4.2%	9.9%	7.1%	▼ 2.7 pts
Return on assets (ROA)	5.4%	6.5%	4.0%	9.5%	7.5%	▼ 2.0 pts
Return on equity (ROE)	14.3%	16.3%	10.2%	21.3%	16.7%	▼ 4.6 pts
Free cash flow margin	9.0%	4.5%	0.5%	5.9%	9.7%	▲ 3.9 pts
Current ratio	2.69×	2.52×	2.21×	3.39×	2.78×	▼ 18%
Quick ratio	1.42×	1.16×	1.03×	1.44×	1.21×	▼ 16%
Debt to equity	0.05×	0.88×	1.02×	0.56×	0.53×	▼ 5.2%
Interest coverage	29.05×	123.43×	94.35×	448.03×	—	—

PLOW price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

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Bringing the fundamentals into focus…

Overall health

Drawback: its share price swings more than most peers’ (beta 1.20 vs a peer median of 0.63)bigger price swings (beta 1.20 vs peers 0.63)

About average: valuation and risk (debt, liquidity and share-price swings)valuation and risk

Ranks #468 of 1,502 consumer cyclical companies (top 32%)

See how it ranks against its peers

Worth knowing

Stock pay outran buybacks. Stock-based pay expense $13M vs $6M spent repurchasing shares over the 3 fiscal years to 2025. Shares outstanding changed +0.8% from December 2022 to August 2026.

Over three fiscal years Douglas Dynamics recorded $13M of stock-based pay expense and spent $6M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years Douglas Dynamics recorded $13M of stock-based pay expense and spent $6M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.

Profit is backed by cash. Free cash flow is 94% of reported profit.

Douglas Dynamics's free cash flow is 94% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

Fast revenue growth. Revenue grew 20% in the 12 months to June 2026 vs the 12 months before, faster than 90% of peers.

Revenue grew 20% in the 12 months to June 2026 vs the 12 months before, faster than 90% of its peers.

Questions investors ask about Douglas Dynamics

Is Douglas Dynamics getting weaker?

Its latest SEC filing (Aug 3, 2026) showed no major changes. Its overall score is 60/100, up 2 since Oct 28, 2026.

How is Douglas Dynamics valued vs its peers?

Priced about in line with its peers. Valuation scores 55/100 against 1,612 consumer cyclical peers. Earnings yield 6.2% vs a peer median of 4.4% (stronger than 66% of peers).Earnings yield 6.2% vs peers 4.4% (stronger than 66% of peers).

Is Douglas Dynamics growing?

Yes, faster than most of its peers. Growth scores 63/100 against 1,612 consumer cyclical peers. Revenue growth 20.1% vs a peer median of 3.7% (stronger than 90% of peers).Revenue growth 20.1% vs peers 3.7% (stronger than 90% of peers). Earnings per share growth -20.8% vs a peer median of 4.2% (weaker than 74% of peers).Earnings per share growth -20.8% vs peers 4.2% (weaker than 74% of peers).

How profitable is Douglas Dynamics?

More profitable than most of its peers. Profitability scores 76/100 against 1,612 consumer cyclical peers. Return on assets 7.2% vs a peer median of 3.3% (stronger than 82% of peers).Return on assets 7.2% vs peers 3.3% (stronger than 82% of peers).

How risky is Douglas Dynamics?

Moderate risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Current ratio 2.16× vs a peer median of 1.48× (stronger than 73% of peers).Current ratio 2.16× vs peers 1.48× (stronger than 73% of peers). Beta 1.20 vs a peer median of 0.63 (weaker than 83% of peers).Beta 1.20 vs peers 0.63 (weaker than 83% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

678.8M USD

699.1M USD

+3.0%

Net income (12 months)

53.1M USD

52.5M USD

−1.1%

Operating margin

11.8%

11.3%

−0.6 pts

Free cash flow (12 months)

63.2M USD

49.2M USD

−22.1%

Cash

5.2M USD

1.9M USD

−63.9%

Shares outstanding

23.1M

23.1M

−0.2%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

26.2%

24.6%

23.6%

25.8%

26.6%

▲ 0.8 pts

Operating margin

9.4%

9.5%

7.9%

15.6%

11.2%

▼ 4.4 pts

Net margin

5.7%

6.3%

4.2%

9.9%

7.1%

▼ 2.7 pts

Return on assets (ROA)

5.4%

6.5%

4.0%

9.5%

7.5%

▼ 2.0 pts

Return on equity (ROE)

14.3%

16.3%

10.2%

21.3%

16.7%

▼ 4.6 pts

Free cash flow margin

9.0%

4.5%

0.5%

5.9%

9.7%

▲ 3.9 pts

Current ratio

2.69×

2.52×

2.21×

3.39×

2.78×

▼ 18%

Quick ratio

1.42×

1.16×

1.03×

1.44×

1.21×

▼ 16%

Debt to equity

0.05×

0.88×

1.02×

0.56×

0.53×

▼ 5.2%

Interest coverage

29.05×

123.43×

94.35×

448.03×

—