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Gencor Industries vs Douglas Dynamics: revenue, profit, margins and growth compared

Gencor Industries brought in $115.4M of revenue in fiscal 2025, Douglas Dynamics $656.1M in fiscal 2025. Revenue changed by +2.0% at Gencor Industries and +15.4% at Douglas Dynamics on the year before, so Douglas Dynamics grew faster. Gencor Industries kept 13.6% of its revenue as net profit, Douglas Dynamics 7.1%. Free cash flow was $1.1M at Gencor Industries and $63.9M at Douglas Dynamics.

Side by side, latest fiscal year

GENCPLOW
Fiscal year endedFY2025 (September 30, 2025)FY2025 (December 31, 2025)
Revenue$115.4M$656.1M
Revenue growth+2.0%+15.4%
Net income$15.7M$46.9M
Net margin13.6%7.1%
Free cash flow$1.1M$63.9M
Free cash flow margin1.0%9.7%
Earnings per share (diluted)$1.07$1.96
Cash$26.6M$8.3M
Debt$0$144M
Price to earnings16.320.3
Market value$255.9M$917.1M
Dividend yieldn/a2.97%
Rank by revenue in sector#373 of 451 · Industrials#294 of 451 · Industrials

Over the years

Revenue
GENC FY2018: $98.6MGENC FY2019: $81.3MGENC FY2020: $77.4MGENC FY2021: $85.3MGENC FY2022: $103.5MGENC FY2023: $105.1MGENC FY2024: $113.2MGENC FY2025: $115.4MPLOW FY2018: $524.1MPLOW FY2019: $571.7MPLOW FY2020: $480.2MPLOW FY2021: $541.5MPLOW FY2022: $616.1MPLOW FY2023: $568.2MPLOW FY2024: $568.5MPLOW FY2025: $656.1MFY18FY19FY20FY21FY22FY23FY24FY25
GENC $115.4MPLOW $656.1M
Net income
GENC FY2018: $12.7MGENC FY2019: $10.2MGENC FY2020: $5.5MGENC FY2021: $5.8MGENC FY2022: -$372KGENC FY2023: $14.7MGENC FY2024: $14.6MGENC FY2025: $15.7MPLOW FY2018: $43.9MPLOW FY2019: $49.2MPLOW FY2020: -$86.6MPLOW FY2021: $30.7MPLOW FY2022: $38.6MPLOW FY2023: $23.7MPLOW FY2024: $56.2MPLOW FY2025: $46.9MFY18FY19FY20FY21FY22FY23FY24FY25
GENC $15.7MPLOW $46.9M
Net margin
GENC FY2018: 12.9%GENC FY2019: 12.5%GENC FY2020: 7.1%GENC FY2021: 6.8%GENC FY2022: -0.4%GENC FY2023: 14.0%GENC FY2024: 12.9%GENC FY2025: 13.6%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
GENC 13.6%PLOW 7.1%
Revenue growth
GENC FY2019: -17.5%GENC FY2020: -4.8%GENC FY2021: +10.1%GENC FY2022: +21.3%GENC FY2023: +1.5%GENC FY2024: +7.7%GENC FY2025: +2.0%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
GENC +2.0%PLOW +15.4%
Free cash flow
GENC FY2018: -$15.5MGENC FY2019: $2.1MGENC FY2020: $25.2MGENC FY2021: $1.2MGENC FY2022: -$13.7MGENC FY2023: $7.5MGENC FY2024: $8.5MGENC FY2025: $1.1MPLOW FY2018: $48.5MPLOW FY2019: $65.8MPLOW FY2020: $38.7MPLOW FY2021: $48.7MPLOW FY2022: $27.6MPLOW FY2023: $2.7MPLOW FY2024: $33.4MPLOW FY2025: $63.9MFY18FY19FY20FY21FY22FY23FY24FY25
GENC $1.1MPLOW $63.9M

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

Questions about Gencor Industries and Douglas Dynamics

Which is bigger by revenue, Gencor Industries or Douglas Dynamics?

Douglas Dynamics is bigger by revenue: $656.1M in fiscal 2025, against $115.4M for Gencor Industries in fiscal 2025.

Which keeps more of its revenue as profit, Gencor Industries or Douglas Dynamics?

Gencor Industries had a net margin of 13.6% in fiscal 2025; Douglas Dynamics had 7.1% in fiscal 2025.

Which grew revenue faster, Gencor Industries or Douglas Dynamics?

In their latest fiscal years revenue changed by +2.0% at Gencor Industries 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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