Douglas Dynamics (PLOW) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Douglas Dynamics

NYSE•Consumer Cyclical•Auto Parts

$39.88+0.53(0.01%)Market open

Market Cap

$909.87M

P/E

17.3x

P/S

1.3x

P/B

3.0x

Douglas Dynamics, Inc. operates as a manufacturer and upfitter of commercial vehicle attachments and equipment in North America. 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.

How this company scores

GoodMetricSide Score: 62/100

Strongest: Balance Sheet & Red Flags (18/25); weakest: Cash & Earnings Quality (11/25).

Profitability17/25

Growth16/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality11/25

Strengths

Growing revenueRising free cash flowHigh ROELow leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 17.3x5y range 8.3x – 36.1x

Currently near its 17-quarter median.

P/S · 1.3x5y range 0.9x – 1184.9x

Currently near its 20-quarter median.

P/B · 3.0x5y range 2.0x – 2989.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 35.3% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

Free cash flow has been negative in 6 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $909.87M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $699.10M
Q. Revenue: $214.65M
TTM EBITDA: $94.16M
TTM Op. Income: $78.77M
Q. Op. Income: $35.45M
TTM Net Income: $52.55M
Q. Net Income: $25.38M
EPS: $1.08
Shares Out.: $23.12M

$699.10M in TTM revenue grew 20.1% YoY, reaching $214.65M last quarter. TTM EBITDA of $94.16M and TTM operating income of $78.77M show growth is flowing through to the bottom line. TTM net income of $52.55M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 31.1%
EBITDA Margin: 18.3%
Op. Margin: 16.5%
Net Margin: 11.8%

Op. margin of 16.5% is down 2.5% YoY — costs are rising relative to revenue. Net margin at 11.8% and gross margin of 31.1% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 13% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 17.3x
P/S Ratio: 1.3x
P/B Ratio: 3.0x

At 17.3x P/E, the stock trades within typical market levels. P/S of 1.3x and P/B of 3.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 68% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $725.67M
Cash: $1.88M
Long-Term Debt: $132.89M
Book Value: $299.66M
D/E Ratio: 0.4
Debt/EBITDA: 3.4

With $725.67M in assets and $132.89M in long-term debt, D/E is 0.4and book value is $299.66M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-24.20M
TTM Free Cash Flow: $49.21M
FCF Margin: 7.0%
FCF / Net Income: 0.9

TTM FCF of $49.21M on $-24.20M in operating cash flow. The FCF / Net Income ratio of 0.9x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.