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Douglas Dynamics, Inc (PLOW)

Douglas Dynamics, Inc brought in $755M of revenue over the twelve months to September 30, 2026, up 22.8% from a year earlier. Operating cash flow minus capital spending left $63.9M of free cash flow in fiscal 2025. At September 30, 2026 it held $5.5M in cash against $7.4M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 3, 2026.

Free, no password. An email when PLOW files with the SEC.

Price
$37.33
-0.08% on the day · November 10, 2026
52-week range $29.41 to $55.00
Market cap
$861.5M
Revenue (last 12 months)
$755M
+22.8% year on year
P/E
19.1
on FY2025 diluted EPS

Key facts about Douglas Dynamics, Inc

Net worth
Douglas Dynamics, Inc has a market value (market cap) of $861.5M at the latest share price, and shareholders' equity of $316.8M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $656.1M (+15.4% year on year), with net income of $46.9M.
Cash flow
In fiscal 2025 operations brought in $74.7M of cash; after $10.8M of capital spending, free cash flow was $63.9M.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 3, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
Next earnings report
Douglas Dynamics, Inc's next report is expected around February 23, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Dividend
Douglas Dynamics, Inc declared dividends of $1.18 per share in fiscal 2025, a yield of 3.16% at the current price.

What Douglas Dynamics, Inc does

Douglas Dynamics, Inc is registered with the SEC under industry code SIC 3531 (Construction Machinery & Equip). Its shares trade on NYSE under the ticker PLOW.

Revenue and profit by year

Revenue
FY18: $524.1M $524.1M FY18FY19: $571.7M $571.7M FY19FY20: $480.2M $480.2M FY20FY21: $541.5M $541.5M FY21FY22: $616.1M $616.1M FY22FY23: $568.2M $568.2M FY23FY24: $568.5M $568.5M FY24FY25: $656.1M $656.1M FY25
Net income
FY18: $43.9M $43.9M FY18FY19: $49.2M $49.2M FY19FY20: -$86.6M -$86.6M FY20FY21: $30.7M $30.7M FY21FY22: $38.6M $38.6M FY22FY23: $23.7M $23.7M FY23FY24: $56.2M $56.2M FY24FY25: $46.9M $46.9M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$656.1M$73.6M$46.9M$1.96$63.9M
2024$568.5M$88.7M$56.2M$2.36$33.4M
2023$568.2M$44.9M$23.7M$0.98$2.7M
2022$616.1M$58.8M$38.6M$1.63$27.6M
2021$541.5M$51.1M$30.7M$1.29$48.7M
2020$480.2M-$75.1M-$86.6M-$3.81$38.7M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Next report expected around February 23, 2027.

Estimated from its filing rhythm: 52 weeks after its report of February 24, 2026. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Where PLOW ranks in Industrials

Revenue$656.1M
#307 of 603 in Industrials · Bottom 49%
Revenue growth+15.4%
#124 of 520 in Industrials · Top 24%
Net margin7.1%
#176 of 523 in Industrials · Top 34%
Free cash flow margin9.7%
#138 of 489 in Industrials · Top 28%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Industrials

Dividends

Douglas Dynamics, Inc declared $1.18 per share in fiscal 2025. At the current price that is a yield of 3.16%. It paid out $27.9M in cash dividends, 60% of its net income.

Fiscal yearPer sharePaid outOf profit
2025$1.18$27.9M60%
2024$1.18$27.5M49%
2023$1.18$27.4M116%
2022$1.16$27M70%
2021$1.14$26.5M86%
2020$1.12$25.9Mn/a

Per share as declared (or paid, where only that is reported), adjusted for stock splits the company itself restated. Yield is the latest fiscal year's dividend over the current price.

Latest SEC filings

What Douglas Dynamics, Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. November 3, 2026
    Quarterly report 10-Q · period to September 30, 2026Revenue rose 34% to $218M versus the same quarter last year; diluted EPS $0.89 versus $0.33.
  2. November 3, 2026
  3. August 3, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue rose 10% to $214.6M versus the same quarter last year; diluted EPS $1.07 versus $1.09.
  4. August 3, 2026
  5. July 31, 2026
  6. July 31, 2026
  7. June 18, 2026
  8. May 15, 2026
  9. May 5, 2026
    Quarterly report 10-Q · period to March 31, 2026Revenue rose 20% to $137.8M versus the same quarter last year; diluted EPS $0.26 versus $0.00.
  10. May 5, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on July 1, 2026. Insider transactions on SEC

What is PLOW worth? A DCF from its reported cash flow

Insider trades

What the people running Douglas Dynamics, Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider trades were reported in the last 90 days.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days
DateInsiderWhatSharesPriceValueFiling
July 1, 2026 Lauber Sarah CEVP & CFO Shares withheld for tax 6,735 $53.95 $363.4K Form 4
May 11, 2026 Janik James LDirector Gave as a giftindirect 6,000 - - Form 4
April 29, 2026 Akolawala JoherDirector Received as pay 2,737 - - Form 4
April 29, 2026 Ansberry Jennifer IDirector Received as pay 2,737 - - Form 4
April 29, 2026 Bacus Lisa RDirector Received as pay 2,737 - - Form 4
April 29, 2026 Janik James LDirector Received as pay 2,737 - - Form 4
April 29, 2026 Nelson Bradley M.Director Received as pay 2,737 - - Form 4
April 29, 2026 Sturdivant Donald WDirector Received as pay 2,737 - - Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns PLOW

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Pzena Investment Management LLC13G, passive 6.9% 1,593,133 April 17, 2026
Allspring Global Investments Holdings, LLC13G, passive 6.6% 1,537,716 July 31, 2026
Vanguard Capital Management13G, passive 5.01% 1,159,738 July 31, 2026

Latest filings below 5%: The Vanguard Group 0% (March 26, 2026).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 251 managers reported a position.

HolderSharesValueChange on quarter
BlackRock, Inc.2,020,552$109M+168,098
Allspring Global Investments Holdings, LLC1,537,716$80.4M-520,643
Pzena Investment Management LLC1,384,680$74.7M-208,453
Vanguard Capital Management LLC985,454$53.2M+14,489
Dimensional Fund Advisors LP919,091$49.6M-17,036
Punch & Associates Investment Management, Inc.659,319$35.6M+37,474
Geode Capital Management, LLC658,314$35.5M+107,523
State Street Corp640,342$34.5M+34,655
Nuveen, LLC633,400$34.2M+13,431
Silvercrest Asset Management Group LLC599,147$32.3M-23,916
Arrowstreet Capital, Limited Partnership514,664$27.8M-24,005
Vanguard Portfolio Management LLC507,185$27.4M+148,876
Algert Global LLC436,861$23.6M-22,177
Jpmorgan Chase & Co389,828$21.1M+121,880
Goldman Sachs Group Inc354,968$19.2M-37,247
Charles Schwab Investment Management Inc335,740$18.1M+14,165
Morgan Stanley324,464$17.5M+126,691
Systematic Financial Management LP315,094$17M-10,877
Royce & Associates LP305,292$16.5M+106,044
Ararat Capital Management LP279,440$15.1M-42,321

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

11 insiders reported holding 454,580 shares in total, about $17M at the last price.

HolderSharesAs of
Janik James LDirector 153,735110,862 held indirectly May 11, 2026
Lauber Sarah CEVP & CFO 81,542 July 1, 2026
Van Genderen MarkPresident & CEO, Director 63,113 March 9, 2026
Sturdivant Donald WDirector 44,576 April 29, 2026
Krueger Kenneth WDirector 42,744 April 29, 2026
Bacus Lisa RDirector 20,242 April 29, 2026
Akolawala JoherDirector 15,823 April 29, 2026
Sisulak Jon JController 14,232 March 9, 2026
Bernauer Christopher EPres. Work Truck Attachments 9,243 March 9, 2026
Ansberry Jennifer IDirector 4,665 April 29, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about PLOW

What does Douglas Dynamics, Inc do?

Douglas Dynamics, Inc is a company in the Industrials sector, listed on NYSE as PLOW. Its shares trade on NYSE under the ticker PLOW.

What is Douglas Dynamics, Inc's net worth?

Douglas Dynamics, Inc has a market value (market cap) of $861.5M at the latest share price, and shareholders' equity of $316.8M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

How much revenue does Douglas Dynamics, Inc make?

Over the twelve months to September 30, 2026 Douglas Dynamics, Inc reported revenue of $755M. That is 22.8% more than a year earlier.

When did Douglas Dynamics, Inc last report?

Its most recent periodic report is the quarterly report (10-Q) filed on November 3, 2026. It covers the period to September 30, 2026.

When is Douglas Dynamics, Inc's next earnings report?

Douglas Dynamics, Inc's next report is expected around February 23, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

Does Douglas Dynamics, Inc pay a dividend?

Yes. Douglas Dynamics, Inc declared dividends of $1.18 per share in fiscal 2025, a yield of 3.16% at the current price.

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Where the numbers come from

Financial figures are the values Douglas Dynamics, Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.