FY2025 · ended Dec 31, 2025 · Revenue $656.05M, +15.4% YoY · Filed Feb 24, 2026
Douglas Dynamics, Inc (PLOW) files with the SEC under industry code 3531, Construction Machinery & Equip. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $656.1 million and net income of $46.9 million. Free cash flow was $63.9 million. As of Sep 30, 2026 it held $5.5 million in cash and investments and $197.5 million in total debt.
Revenue (TTM)
$755.00M
+22.8% vs year-ago TTM
Net income (TTM)
$65.75M
+56.7% vs year-ago TTM
Operating cash flow (TTM)
$48.40M
-9.0% vs year-ago TTM
Free cash flow (TTM)
$34.42M
-16.7% vs year-ago TTM
EPS (TTM)
$2.73
+57.5% vs year-ago TTM
Dividend per share (TTM)
$1.18
+0.0% vs year-ago TTM
Shares outstanding
23.08M
-0.0% vs prior year
Net cash
$-192.02M
as of Sep 30, 2026
Operating margin
12.7%
FY 2026
Company profile
- Industry
- Construction Machinery & Equip (SIC 3531)
- Listed as
- PLOW (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Milwaukee, WI
- SEC filer status
- Accelerated filer
- SEC CIK
- 1287213
- Former names
- DOUGLAS DYNAMICS HOLDINGS INC (until Jul 14, 2004)
Other Construction Machinery & Equip companies
- Caterpillar Inc CAT
- CNH Industrial N.V. CNH
- Astec Industries Inc ASTE
- Aebi Schmidt Holding AG AEBI
- Manitowoc Co Inc MTW
- Columbus Mckinnon Corp CMCO
- Gencor Industries Inc GENC
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $656.1M | $568.5M | $568.2M | $616.1M | $541.5M |
| Operating income | $73.6M | $88.7M | $44.9M | $58.8M | $51.1M |
| Net income | $46.9M | $56.2M | $23.7M | $38.6M | — |
| Diluted EPS | $1.96 | $2.36 | $0.98 | $1.63 | $1.29 |
| Operating cash flow | $74.7M | $41.1M | $12.5M | $40.0M | $60.5M |
| Free cash flow | $63.9M | $33.4M | $2.7M | $27.6M | $49.3M |
| Total assets | $626.7M | $590.0M | $593.4M | $596.9M | $572.5M |
| Stockholders' equity | $281.4M | $264.2M | $231.6M | $237.1M | $214.6M |
| Cash and investments | $8.3M | $5.1M | $24.2M | $20.7M | $37.0M |
| Total debt | $216.3M | $219.7M | $255.6M | $226.6M | $31.2M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Nov 3, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Nov 3, 2026 | Nov 2, 2026 |
| 10-Q | Quarterly report | Aug 3, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 3, 2026 | Aug 3, 2026 |
| 10-Q | Quarterly report | May 5, 2026 | Mar 31, 2026 |
| 8-K |
Current report
Results of operations
|
May 5, 2026 | May 4, 2026 |
All 844 Douglas Dynamics, Inc SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.