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CNH Industrial vs Douglas Dynamics: revenue, profit, margins and growth compared

CNH Industrial brought in $18.1B of revenue in fiscal 2025, Douglas Dynamics $656.1M in fiscal 2025. Revenue changed by -8.8% at CNH Industrial and +15.4% at Douglas Dynamics on the year before, so Douglas Dynamics grew faster. CNH Industrial kept 2.8% of its revenue as net profit, Douglas Dynamics 7.1%.

Side by side, latest fiscal year

CNHPLOW
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$18.1B$656.1M
Revenue growth-8.8%+15.4%
Net income$510M$46.9M
Net margin2.8%7.1%
Free cash flown/a$63.9M
Free cash flow marginn/a9.7%
Earnings per share (diluted)$0.41$1.96
Cash$2.6B$8.3M
Debt$26.8B$144M
Price to earnings31.920.3
Market value$16.2B$917.1M
Dividend yield1.91%2.97%
Rank by revenue in sector#34 of 451 · Industrials#294 of 451 · Industrials

Over the years

Revenue
CNH FY2018: $29.7BCNH FY2019: $28.1BCNH FY2020: $14.8BCNH FY2021: $19.5BCNH FY2022: $23.6BCNH FY2023: $24.7BCNH FY2024: $19.8BCNH FY2025: $18.1BPLOW FY2018: $524.1MPLOW FY2019: $571.7MPLOW FY2020: $480.2MPLOW FY2021: $541.5MPLOW FY2022: $616.1MPLOW FY2023: $568.2MPLOW FY2024: $568.5MPLOW FY2025: $656.1MFY18FY19FY20FY21FY22FY23FY24FY25
CNH $18.1BPLOW $656.1M
Net income
CNH FY2018: $1.1BCNH FY2019: $1.4BCNH FY2020: -$493MCNH FY2021: $1.7BCNH FY2022: $2BCNH FY2023: $2.3BCNH FY2024: $1.2BCNH FY2025: $510MPLOW FY2018: $43.9MPLOW FY2019: $49.2MPLOW FY2020: -$86.6MPLOW FY2021: $30.7MPLOW FY2022: $38.6MPLOW FY2023: $23.7MPLOW FY2024: $56.2MPLOW FY2025: $46.9MFY18FY19FY20FY21FY22FY23FY24FY25
CNH $510MPLOW $46.9M
Net margin
CNH FY2018: 3.6%CNH FY2019: 5.1%CNH FY2020: -3.3%CNH FY2021: 8.8%CNH FY2022: 8.6%CNH FY2023: 9.2%CNH FY2024: 6.3%CNH FY2025: 2.8%PLOW FY2018: 8.4%PLOW FY2019: 8.6%PLOW FY2020: -18.0%PLOW FY2021: 5.7%PLOW FY2022: 6.3%PLOW FY2023: 4.2%PLOW FY2024: 9.9%PLOW FY2025: 7.1%FY18FY19FY20FY21FY22FY23FY24FY25
CNH 2.8%PLOW 7.1%
Revenue growth
CNH FY2019: -5.5%CNH FY2020: -47.4%CNH FY2021: +31.9%CNH FY2022: +20.8%CNH FY2023: +4.8%CNH FY2024: -19.7%CNH FY2025: -8.8%PLOW FY2019: +9.1%PLOW FY2020: -16.0%PLOW FY2021: +12.8%PLOW FY2022: +13.8%PLOW FY2023: -7.8%PLOW FY2024: +0.1%PLOW FY2025: +15.4%FY19FY20FY21FY22FY23FY24FY25
CNH -8.8%PLOW +15.4%
Free cash flow
PLOW FY2018: $48.5MPLOW FY2019: $65.8MPLOW FY2020: $38.7MPLOW FY2021: $48.7MPLOW FY2022: $27.6MPLOW FY2023: $2.7MPLOW FY2024: $33.4MPLOW FY2025: $63.9MFY18FY19FY20FY21FY22FY23FY24FY25
CNHPLOW $63.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about CNH Industrial and Douglas Dynamics

Which is bigger by revenue, CNH Industrial or Douglas Dynamics?

CNH Industrial is bigger by revenue: $18.1B in fiscal 2025, against $656.1M for Douglas Dynamics in fiscal 2025.

Which keeps more of its revenue as profit, CNH Industrial or Douglas Dynamics?

CNH Industrial had a net margin of 2.8% in fiscal 2025; Douglas Dynamics had 7.1% in fiscal 2025.

Which grew revenue faster, CNH Industrial or Douglas Dynamics?

In their latest fiscal years revenue changed by -8.8% at CNH Industrial and +15.4% at Douglas Dynamics.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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