Douglas Dynamics (PLOW) Financials

$27.73 +0.25 (+0.91%)

Closing price 03:59 PM Eastern

Extended Trading

$27.73 0.00 (0.00%)

As of 04:04 PM Eastern

Annual Income Statements for Douglas Dynamics

This table shows Douglas Dynamics' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	56	24	39
Consolidated Net Income / (Loss)	56	24	39
Net Income / (Loss) Continuing Operations	56	24	39
Total Pre-Tax Income	74	29	47
Total Operating Income	89	45	59
Total Gross Profit	147	134	151
Total Revenue	569	568	616
Operating Revenue	569	568	616
Total Cost of Revenue	422	434	465
Operating Cost of Revenue	422	434	465
Total Operating Expenses	58	89	93
Selling, General & Admin Expense	92	79	82
Amortization Expense	7.52	11	11
Impairment Charge	1.22	0.00	0.00
Other Special Charges / (Income)	-42	-	0.00
Total Other Income / (Expense), net	-15	-16	-11
Interest & Investment Income	-15	-16	-11
Other Income / (Expense), net	0.44	0.00	-0.14
Income Tax Expense	18	5.51	8.75
Basic Earnings per Share	$2.39	$1.01	$1.65
Weighted Average Basic Shares Outstanding	23.09M	22.98M	22.89M
Diluted Earnings per Share	$2.36	$0.98	$1.63
Weighted Average Diluted Shares Outstanding	23.09M	22.98M	22.89M
Weighted Average Basic & Diluted Shares Outstanding	23.09M	22.98M	22.89M
Cash Dividends to Common per Share	$1.18	$1.18	$1.16

This table shows Douglas Dynamics' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	7.91	32	24	-8.35	7.08	5.79	24	-13	12	13
Consolidated Net Income / (Loss)	7.91	32	24	-8.35	7.08	5.79	24	-13	12	13
Net Income / (Loss) Continuing Operations	7.91	32	24	-8.35	7.08	5.79	24	-13	12	13
Total Pre-Tax Income	9.97	42	32	-9.94	8.20	6.93	31	-17	13	16
Total Operating Income	13	46	36	-6.42	13	12	35	-14	17	19
Total Gross Profit	36	31	61	19	30	32	61	11	38	41
Total Revenue	144	129	200	96	134	144	207	83	160	166
Operating Revenue	144	129	200	96	134	144	207	83	160	166
Total Cost of Revenue	108	99	139	77	105	112	146	71	122	125
Operating Cost of Revenue	108	99	139	77	105	112	146	71	122	125
Total Operating Expenses	23	-15	25	25	17	21	27	25	21	22
Selling, General & Admin Expense	21	26	23	21	14	18	24	22	19	19
Amortization Expense	1.63	1.63	1.63	2.63	2.63	2.63	2.63	2.63	2.63	2.63
Total Other Income / (Expense), net	-3.01	-4.12	-4.18	-3.52	-4.45	-4.57	-3.83	-2.83	-3.63	-3.28
Interest & Investment Income	-3.14	-4.47	-4.12	-3.52	-4.47	-4.61	-3.74	-2.86	-3.40	-3.27
Other Income / (Expense), net	0.14	0.35	-0.05	0.00	0.02	0.04	-0.09	0.04	-0.23	-0.02
Income Tax Expense	2.06	9.48	7.79	-1.59	1.12	1.14	6.77	-3.52	1.51	2.90
Basic Earnings per Share	$0.36	$1.37	$1.03	($0.37)	$0.32	$0.25	$1.02	($0.58)	$0.50	$0.57
Weighted Average Basic Shares Outstanding	23.09M	23.09M	23.09M	23.01M	22.98M	22.98M	22.97M	22.91M	22.89M	22.89M
Diluted Earnings per Share	$0.35	$1.36	$1.02	($0.37)	$0.31	$0.24	$1.01	($0.58)	$0.50	$0.56
Weighted Average Diluted Shares Outstanding	23.09M	23.58M	23.09M	23.01M	22.98M	22.98M	22.97M	22.91M	22.89M	22.89M
Weighted Average Basic & Diluted Shares Outstanding	23.09M	23.09M	23.09M	23.09M	22.98M	22.98M	22.98M	22.98M	22.89M	22.89M
Cash Dividends to Common per Share	$0.28	$0.30	$0.30	$0.30	$0.28	$0.30	$0.30	$0.30	$0.29	$0.29

This table details how cash moves in and out of Douglas Dynamics' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	-19	3.49	-16
Net Cash From Operating Activities	41	12	40
Net Cash From Continuing Operating Activities	41	12	40
Net Income / (Loss) Continuing Operations	56	24	39
Consolidated Net Income / (Loss)	56	24	39
Depreciation Expense	18	22	21
Amortization Expense	0.70	0.59	0.49
Non-Cash Adjustments To Reconcile Net Income	-29	5.63	6.40
Changes in Operating Assets and Liabilities, net	-4.48	-39	-26
Net Cash From Investing Activities	57	-11	-12
Net Cash From Continuing Investing Activities	57	-11	-12
Purchase of Property, Plant & Equipment	-7.81	-11	-12
Other Investing Activities, net	65	0.00	0.00
Net Cash From Financing Activities	-117	1.54	-44
Net Cash From Continuing Financing Activities	-117	1.54	-44
Repayment of Debt	-42	-19	-11
Repurchase of Common Equity	0.00	0.00	-6.00
Payment of Dividends	-27	-27	-27
Issuance of Debt	-47	47	0.00
Other Financing Activities, net	-0.20	0.75	0.00
Cash Interest Paid	19	18	12
Cash Income Taxes Paid	14	15	7.03

This table details how cash moves in and out of Douglas Dynamics' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-3.29	4.22	2.22	-22	13	7.70	0.48	-18	18	-3.20
Net Cash From Operating Activities	74	-14	2.51	-22	77	2.08	-9.31	-57	115	-16
Net Cash From Continuing Operating Activities	74	-14	2.51	-22	77	2.08	-9.31	-57	115	-16
Net Income / (Loss) Continuing Operations	7.91	32	24	-8.35	7.08	5.79	24	-13	12	13
Consolidated Net Income / (Loss)	7.91	32	24	-8.35	7.08	5.79	24	-13	12	13
Depreciation Expense	3.86	4.28	4.41	5.35	5.48	5.38	5.44	5.36	5.31	5.23
Amortization Expense	0.18	0.18	0.20	0.15	0.15	0.15	0.15	0.15	0.12	0.12
Non-Cash Adjustments To Reconcile Net Income	3.18	-40	4.31	3.12	0.82	-0.77	3.49	2.09	-0.60	-0.54
Changes in Operating Assets and Liabilities, net	59	-11	-31	-22	63	-8.47	-42	-51	98	-34
Net Cash From Investing Activities	-3.74	63	-1.42	-1.33	-2.80	-2.43	-2.54	-2.75	-3.12	-3.34
Net Cash From Continuing Investing Activities	-3.74	63	-1.42	-1.33	-2.80	-2.43	-2.54	-2.75	-3.12	-3.34
Purchase of Property, Plant & Equipment	-3.83	-1.23	-1.42	-1.33	-2.80	-2.43	-2.54	-2.75	-3.12	-3.34
Other Investing Activities, net	0.09	-	-	-	-	-	-	-	-	-
Net Cash From Financing Activities	-74	-45	1.14	0.77	-61	8.06	12	42	-94	16
Net Cash From Continuing Financing Activities	-74	-45	1.14	0.77	-61	8.06	12	42	-94	16
Payment of Dividends	-6.96	-6.91	-6.86	-6.75	-6.75	-6.88	-6.85	-6.96	-6.75	-6.76
Issuance of Debt	-67	4.00	8.00	8.00	-54	27	22	52	-84	26

This table presents Douglas Dynamics' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	590	593	597
Total Current Assets	238	262	253
Cash & Equivalents	5.12	24	21
Accounts Receivable	87	84	87
Inventories, net	140	143	138
Prepaid Expenses	6.05	6.90	7.77
Current Deferred & Refundable Income Taxes	0.00	4.82	0.00
Plant, Property, & Equipment, net	41	67	69
Total Noncurrent Assets	310	264	275
Goodwill	113	113	113
Intangible Assets	114	121	132
Employee Benefit Assets	10	9.20	8.87
Other Noncurrent Operating Assets	73	20	22
Total Liabilities & Shareholders' Equity	590	593	597
Total Liabilities	326	362	360
Total Current Liabilities	70	119	100
Short-Term Debt	0.00	54	11
Accounts Payable	32	31	49
Accrued Expenses	26	26	30
Current Deferred & Payable Income Tax Liabilities	1.69	0.00	3.49
Other Current Liabilities	10	7.56	6.07
Total Noncurrent Liabilities	256	243	259
Long-Term Debt	147	181	195
Noncurrent Deferred & Payable Income Tax Liabilities	25	28	30
Noncurrent Employee Benefit Liabilities	14	14	15
Other Noncurrent Operating Liabilities	71	20	20
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	264	232	237
Total Preferred & Common Equity	264	232	237
Total Common Equity	264	232	237
Common Stock	170	165	165
Retained Earnings	88	60	63
Accumulated Other Comprehensive Income / (Loss)	5.47	6.36	9.13

This table presents Douglas Dynamics' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	666	617	577	672	641	585	655
Total Current Assets	316	294	251	337	305	248	310
Cash & Equivalents	8.41	4.20	1.97	11	3.38	2.90	2.84
Accounts Receivable	153	140	59	165	139	48	165
Inventories, net	149	143	178	152	154	186	134
Prepaid Expenses	5.74	5.34	6.54	9.03	7.68	7.28	7.49
Current Deferred & Refundable Income Taxes	0.00	0.92	6.22	-	-	3.41	0.00
Plant, Property, & Equipment, net	39	63	64	67	67	67	67
Total Noncurrent Assets	310	260	262	268	269	270	278
Goodwill	113	113	113	113	113	113	113
Intangible Assets	115	117	118	124	126	129	134
Employee Benefit Assets	11	10	9.98	9.15	9.48	9.16	8.34
Other Noncurrent Operating Assets	71	20	20	22	20	19	22
Total Liabilities & Shareholders' Equity	666	617	577	672	641	585	655
Total Liabilities	405	380	360	435	403	369	424
Total Current Liabilities	148	145	122	188	151	114	162
Short-Term Debt	67	78	66	104	85	63	95
Accounts Payable	35	28	24	42	23	23	26
Accrued Expenses	31	30	24	29	30	22	34
Current Deferred & Payable Income Tax Liabilities	3.73	-	-	3.98	2.66	0.00	1.58
Other Current Liabilities	10	9.30	8.44	9.61	10	6.10	5.31
Total Noncurrent Liabilities	257	235	238	247	252	254	263
Long-Term Debt	147	173	177	186	190	192	198
Noncurrent Deferred & Payable Income Tax Liabilities	25	28	28	28	29	29	31
Noncurrent Employee Benefit Liabilities	15	15	15	14	16	16	15
Other Noncurrent Operating Liabilities	70	20	18	20	18	18	19
Total Equity & Noncontrolling Interests	261	237	217	237	238	216	230
Total Preferred & Common Equity	261	237	217	237	238	216	230
Total Common Equity	261	237	217	237	238	216	230
Common Stock	169	168	166	169	169	165	163
Retained Earnings	87	62	45	59	61	43	59
Accumulated Other Comprehensive Income / (Loss)	4.20	6.24	6.70	8.77	8.91	7.54	8.39

This table displays calculated financial ratios and metrics derived from Douglas Dynamics' official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	0.06%	-7.77%	13.78%
EBITDA Growth	60.43%	-16.10%	10.29%
EBIT Growth	98.51%	-23.38%	14.12%
NOPAT Growth	84.98%	-23.91%	5.56%
Net Income Growth	136.69%	-38.56%	25.80%
EPS Growth	140.82%	-39.88%	26.36%
Operating Cash Flow Growth	229.87%	-68.85%	-33.87%
Free Cash Flow Firm Growth	526.45%	-16.21%	-58.65%
Invested Capital Growth	-8.33%	4.68%	7.10%
Revenue Q/Q Growth	1.66%	-4.31%	1.13%
EBITDA Q/Q Growth	-1.05%	-5.04%	4.65%
EBIT Q/Q Growth	0.51%	-7.72%	6.02%
NOPAT Q/Q Growth	-0.57%	-9.89%	9.21%
Net Income Q/Q Growth	1.50%	-15.75%	7.51%
EPS Q/Q Growth	1.72%	-16.24%	9.40%
Operating Cash Flow Q/Q Growth	-5.11%	-75.24%	623.87%
Free Cash Flow Firm Q/Q Growth	-10.78%	-63.97%	216.26%
Invested Capital Q/Q Growth	-12.89%	-14.04%	-18.79%
Profitability Metrics	-	-	-
Gross Margin	25.83%	23.63%	24.58%
EBITDA Margin	18.95%	11.82%	12.99%
Operating Margin	15.60%	7.90%	9.54%
EBIT Margin	15.68%	7.90%	9.51%
Profit (Net Income) Margin	9.88%	4.18%	6.27%
Tax Burden Percent	75.99%	81.15%	81.52%
Interest Burden Percent	82.88%	65.10%	80.80%
Effective Tax Rate	24.01%	18.85%	18.48%
Return on Invested Capital (ROIC)	15.89%	8.42%	11.71%
ROIC Less NNEP Spread (ROIC-NNEP)	9.50%	2.01%	6.64%
Return on Net Nonoperating Assets (RNNOA)	6.76%	1.70%	5.38%
Return on Equity (ROE)	22.65%	10.12%	17.09%
Cash Return on Invested Capital (CROIC)	24.59%	3.85%	4.86%
Operating Return on Assets (OROA)	15.07%	7.55%	10.02%
Return on Assets (ROA)	9.49%	3.99%	6.60%
Return on Common Equity (ROCE)	22.65%	10.12%	17.09%
Return on Equity Simple (ROE_SIMPLE)	21.25%	10.24%	16.28%
Net Operating Profit after Tax (NOPAT)	67	36	48
NOPAT Margin	11.86%	6.41%	7.77%
Net Nonoperating Expense Percent (NNEP)	6.39%	6.41%	5.07%
Return On Investment Capital (ROIC_SIMPLE)	16.41%	7.81%	10.80%
Cost of Revenue to Revenue	74.17%	76.37%	75.42%
SG&A Expenses to Revenue	16.13%	13.88%	13.34%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	10.22%	15.73%	15.05%
Earnings before Interest and Taxes (EBIT)	89	45	59
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	108	67	80
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	2.07	2.81	3.20
Price to Tangible Book Value (P/TBV)	14.54	0.00	0.00
Price to Revenue (P/Rev)	0.96	1.14	1.23
Price to Earnings (P/E)	9.72	27.41	19.66
Dividend Yield	4.99%	4.17%	3.50%
Earnings Yield	10.29%	3.65%	5.09%
Enterprise Value to Invested Capital (EV/IC)	1.69	1.95	2.23
Enterprise Value to Revenue (EV/Rev)	1.21	1.52	1.53
Enterprise Value to EBITDA (EV/EBITDA)	6.38	12.82	11.81
Enterprise Value to EBIT (EV/EBIT)	7.71	19.18	16.12
Enterprise Value to NOPAT (EV/NOPAT)	10.20	23.63	19.73
Enterprise Value to Operating Cash Flow (EV/OCF)	16.71	69.07	23.61
Enterprise Value to Free Cash Flow (EV/FCFF)	6.59	51.73	47.56
Leverage & Solvency	-	-	-
Debt to Equity	0.56	1.02	0.87
Long-Term Debt to Equity	0.56	0.78	0.82
Financial Leverage	0.71	0.85	0.81
Leverage Ratio	2.39	2.54	2.59
Compound Leverage Factor	1.98	1.65	2.09
Debt to Total Capital	35.70%	50.40%	46.54%
Short-Term Debt to Total Capital	0.00%	11.52%	2.51%
Long-Term Debt to Total Capital	35.70%	38.88%	44.03%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	64.30%	49.61%	53.46%
Debt to EBITDA	1.36	3.50	2.58
Net Debt to EBITDA	1.31	3.14	2.32
Long-Term Debt to EBITDA	1.36	2.70	2.44
Debt to NOPAT	2.18	6.46	4.31
Net Debt to NOPAT	2.10	5.79	3.88
Long-Term Debt to NOPAT	2.18	4.98	4.08
Altman Z-Score	3.02	2.72	3.08
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	3.39	2.21	2.52
Quick Ratio	1.32	0.91	1.07
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	104	17	20
Operating Cash Flow to CapEx	526.65%	118.52%	332.28%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.96	0.95	1.05
Accounts Receivable Turnover	6.64	6.66	7.81
Inventory Turnover	2.99	3.10	3.80
Fixed Asset Turnover	10.46	8.36	9.10
Accounts Payable Turnover	13.24	10.76	12.13
Days Sales Outstanding (DSO)	54.95	54.77	46.75
Days Inventory Outstanding (DIO)	122.16	117.90	96.00
Days Payable Outstanding (DPO)	27.57	33.91	30.10
Cash Conversion Cycle (CCC)	149.54	138.76	112.64
Capital & Investment Metrics	-	-	-
Invested Capital	406	443	423
Invested Capital Turnover	1.34	1.31	1.51
Increase / (Decrease) in Invested Capital	-37	20	28
Enterprise Value (EV)	687	861	945
Market Capitalization	546	650	759
Book Value per Share	$11.44	$10.08	$10.36
Tangible Book Value per Share	$1.63	($0.11)	($0.33)
Total Capital	411	467	444
Total Debt	147	235	206
Total Long-Term Debt	147	181	195
Net Debt	142	211	186
Capital Expenditures (CapEx)	7.81	11	12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	163	173	143
Debt-free Net Working Capital (DFNWC)	168	197	164
Net Working Capital (NWC)	168	144	152
Net Nonoperating Expense (NNE)	11	13	9.29
Net Nonoperating Obligations (NNO)	142	211	186
Total Depreciation and Amortization (D&A)	19	22	21
Debt-free, Cash-free Net Working Capital to Revenue	28.66%	30.51%	23.20%
Debt-free Net Working Capital to Revenue	29.56%	34.76%	26.56%
Net Working Capital to Revenue	29.56%	25.30%	24.75%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$2.39	$1.01	$1.65
Adjusted Weighted Average Basic Shares Outstanding	23.09M	22.98M	22.89M
Adjusted Diluted Earnings per Share	$2.36	$0.98	$1.63
Adjusted Weighted Average Diluted Shares Outstanding	23.09M	22.98M	22.89M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	23.09M	22.98M	22.89M
Normalized Net Operating Profit after Tax (NOPAT)	36	36	48
Normalized NOPAT Margin	6.37%	6.41%	7.77%
Pre Tax Income Margin	13.00%	5.15%	7.69%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	48.93%	115.67%	70.00%
Augmented Payout Ratio	48.93%	115.67%	85.54%

This table displays calculated financial ratios and metrics derived from Douglas Dynamics' official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.93%	-10.22%	-3.55%	15.88%	-16.00%	-13.23%	10.51%	-19.55%	4.49%	30.14%
EBITDA Growth	-6.25%	196.88%	1.99%	88.78%	-16.31%	-31.18%	29.69%	-430.66%	19.44%	59.50%
EBIT Growth	3.54%	300.56%	5.16%	53.36%	-22.89%	-40.66%	34.85%	-389.40%	25.41%	86.91%
NOPAT Growth	-5.75%	268.62%	2.06%	53.45%	-25.85%	-39.82%	37.23%	-369.45%	38.48%	80.16%
Net Income Growth	11.73%	456.94%	1.56%	36.29%	-38.53%	-56.39%	35.20%	-235.47%	30.58%	88.90%
EPS Growth	12.90%	466.67%	0.99%	36.21%	-38.00%	-57.14%	34.67%	-222.22%	38.89%	86.67%
Operating Cash Flow Growth	-2.89%	-781.05%	126.93%	62.01%	-33.09%	112.77%	71.09%	-118.97%	43.12%	50.09%
Free Cash Flow Firm Growth	631.59%	449.56%	6,322.77%	111.53%	33.28%	134.21%	101.76%	-10.19%	-199.95%	-1,860.60%
Invested Capital Growth	-8.33%	-9.54%	-5.06%	-2.27%	4.68%	-1.11%	5.40%	10.24%	7.10%	13.26%
Revenue Q/Q Growth	10.94%	-35.27%	108.98%	-28.75%	-6.85%	-30.47%	151.10%	-48.35%	-3.79%	-11.44%
EBITDA Q/Q Growth	-66.15%	23.99%	4,507.66%	-105.07%	7.20%	-57.40%	585.00%	-137.79%	-11.85%	-19.72%
EBIT Q/Q Growth	-71.63%	27.47%	664.73%	-150.69%	9.77%	-66.54%	350.49%	-183.80%	-15.53%	-23.95%
NOPAT Q/Q Growth	-70.96%	28.86%	711.77%	-141.17%	13.58%	-64.32%	379.01%	-165.59%	-7.83%	-18.64%
Net Income Q/Q Growth	-75.49%	32.54%	391.40%	-218.02%	22.19%	-75.83%	282.79%	-213.88%	-13.31%	-25.08%
EPS Q/Q Growth	-74.26%	33.33%	375.68%	-219.35%	29.17%	-76.24%	274.14%	-216.00%	-10.71%	-25.33%
Operating Cash Flow Q/Q Growth	625.49%	-664.78%	111.60%	-128.22%	3,585.28%	122.33%	83.64%	-149.70%	803.33%	49.45%
Free Cash Flow Firm Q/Q Growth	-44.20%	58.74%	768.34%	169.11%	-157.69%	1,755.15%	101.56%	-300.01%	70.42%	4.63%
Invested Capital Q/Q Growth	-12.89%	-3.71%	5.56%	3.53%	-14.04%	1.06%	8.66%	10.89%	-18.79%	7.71%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	24.90%	23.86%	30.67%	19.78%	21.98%	22.29%	29.61%	13.66%	23.71%	24.85%
EBITDA Margin	11.95%	39.15%	20.44%	-0.97%	13.63%	11.84%	19.33%	-10.01%	13.68%	14.93%
Operating Margin	9.04%	35.44%	18.16%	-6.71%	9.42%	7.98%	16.67%	-16.71%	10.42%	11.71%
EBIT Margin	9.13%	35.71%	18.13%	-6.71%	9.43%	8.00%	16.63%	-16.67%	10.28%	11.70%
Profit (Net Income) Margin	5.51%	24.93%	12.18%	-8.73%	5.27%	4.02%	11.56%	-15.88%	7.20%	8.00%
Tax Burden Percent	79.33%	77.28%	75.76%	84.00%	86.36%	83.59%	77.97%	78.85%	88.41%	82.10%
Interest Burden Percent	76.02%	90.33%	88.63%	154.90%	64.72%	60.06%	89.16%	120.81%	79.29%	83.20%
Effective Tax Rate	20.67%	22.72%	24.24%	0.00%	13.64%	16.41%	22.03%	0.00%	11.59%	17.90%
Return on Invested Capital (ROIC)	9.61%	31.23%	15.90%	-5.89%	10.68%	7.65%	16.12%	-15.60%	13.88%	11.95%
ROIC Less NNEP Spread (ROIC-NNEP)	8.26%	29.91%	14.68%	-7.45%	8.74%	6.30%	15.01%	-17.06%	12.13%	10.95%
Return on Net Nonoperating Assets (RNNOA)	5.87%	29.04%	16.03%	-8.49%	7.40%	7.66%	17.54%	-18.97%	9.83%	13.42%
Return on Equity (ROE)	15.48%	60.27%	31.93%	-14.38%	18.08%	15.31%	33.67%	-34.56%	23.71%	25.37%
Cash Return on Invested Capital (CROIC)	24.59%	23.84%	13.60%	11.24%	3.85%	8.92%	4.17%	-0.91%	4.86%	-3.49%
Operating Return on Assets (OROA)	8.78%	29.86%	16.54%	-6.71%	9.01%	7.16%	16.32%	-17.50%	10.83%	11.36%
Return on Assets (ROA)	5.29%	20.85%	11.11%	-8.73%	5.03%	3.60%	11.35%	-16.67%	7.59%	7.76%
Return on Common Equity (ROCE)	15.48%	60.27%	31.93%	-14.38%	18.08%	15.31%	33.67%	-34.56%	23.71%	25.37%
Return on Equity Simple (ROE_SIMPLE)	0.00%	21.22%	12.19%	13.12%	0.00%	11.88%	14.97%	13.59%	0.00%	15.58%
Net Operating Profit after Tax (NOPAT)	10	35	28	-4.50	11	9.61	27	-9.66	15	16
NOPAT Margin	7.17%	27.39%	13.76%	-4.70%	8.13%	6.67%	13.00%	-11.70%	9.21%	9.62%
Net Nonoperating Expense Percent (NNEP)	1.35%	1.32%	1.22%	1.56%	1.94%	1.35%	1.11%	1.47%	1.76%	1.00%
Return On Investment Capital (ROIC_SIMPLE)	2.50%	-	-	-	2.34%	-	-	-	3.32%	-
Cost of Revenue to Revenue	75.10%	76.14%	69.33%	80.22%	78.02%	77.71%	70.39%	86.34%	76.29%	75.15%
SG&A Expenses to Revenue	14.72%	19.85%	11.69%	22.46%	10.60%	12.49%	11.66%	27.19%	11.64%	11.55%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	15.86%	-11.58%	12.51%	26.49%	12.56%	14.31%	12.93%	30.37%	13.29%	13.13%
Earnings before Interest and Taxes (EBIT)	13	46	36	-6.42	13	12	34	-14	16	19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	17	51	41	-0.93	18	17	40	-8.26	22	25
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.07	2.44	2.28	2.52	2.81	2.80	2.76	3.19	3.20	2.59
Price to Tangible Book Value (P/TBV)	14.54	19.63	80.50	0.00	0.00	6,691.98	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.96	1.14	0.94	0.94	1.14	1.12	1.07	1.16	1.23	0.98
Price to Earnings (P/E)	9.72	11.51	18.73	19.22	27.41	23.53	18.42	23.50	19.66	16.62
Dividend Yield	4.99%	4.28%	5.04%	4.95%	4.17%	4.08%	4.10%	3.86%	3.50%	4.43%
Earnings Yield	10.29%	8.69%	5.34%	5.20%	3.65%	4.25%	5.43%	4.26%	5.09%	6.02%
Enterprise Value to Invested Capital (EV/IC)	1.69	1.81	1.63	1.72	1.95	1.83	1.82	2.01	2.23	1.70
Enterprise Value to Revenue (EV/Rev)	1.21	1.51	1.37	1.36	1.52	1.58	1.51	1.58	1.53	1.46
Enterprise Value to EBITDA (EV/EBITDA)	6.38	7.73	10.46	10.59	12.82	13.30	11.83	13.62	11.81	11.60
Enterprise Value to EBIT (EV/EBIT)	7.71	9.49	14.58	15.09	19.18	19.33	16.40	19.80	16.12	16.04
Enterprise Value to NOPAT (EV/NOPAT)	10.20	12.42	18.85	19.02	23.63	23.26	19.82	23.89	19.73	20.22
Enterprise Value to Operating Cash Flow (EV/OCF)	16.71	19.43	13.22	16.51	69.07	18.67	28.99	103.62	23.61	160.40
Enterprise Value to Free Cash Flow (EV/FCFF)	6.59	7.20	11.66	15.14	51.73	20.35	44.83	0.00	47.56	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.56	0.82	1.06	1.12	1.02	1.22	1.15	1.18	0.87	1.27
Long-Term Debt to Equity	0.56	0.56	0.73	0.82	0.78	0.78	0.80	0.89	0.82	0.86
Financial Leverage	0.71	0.97	1.09	1.14	0.85	1.22	1.17	1.11	0.81	1.23
Leverage Ratio	2.39	2.69	2.65	2.68	2.54	2.84	2.74	2.68	2.59	2.85
Compound Leverage Factor	1.81	2.43	2.35	4.15	1.64	1.71	2.44	3.24	2.05	2.37
Debt to Total Capital	35.70%	45.02%	51.50%	52.82%	50.40%	54.96%	53.57%	54.14%	46.54%	55.99%
Short-Term Debt to Total Capital	0.00%	14.13%	16.03%	14.34%	11.52%	19.68%	16.60%	13.38%	2.51%	18.17%
Long-Term Debt to Total Capital	35.70%	30.89%	35.48%	38.49%	38.88%	35.28%	36.97%	40.76%	44.03%	37.82%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	64.30%	54.98%	48.50%	47.18%	49.61%	45.04%	46.43%	45.86%	53.46%	44.01%
Debt to EBITDA	1.36	1.96	3.34	3.26	3.50	4.09	3.50	3.69	2.58	3.83
Net Debt to EBITDA	1.31	1.88	3.28	3.24	3.14	3.93	3.46	3.64	2.32	3.80
Long-Term Debt to EBITDA	1.36	1.35	2.30	2.38	2.70	2.62	2.42	2.78	2.44	2.59
Debt to NOPAT	2.18	3.15	6.01	5.86	6.46	7.15	5.87	6.47	4.31	6.68
Net Debt to NOPAT	2.10	3.03	5.91	5.82	5.79	6.87	5.80	6.39	3.88	6.62
Long-Term Debt to NOPAT	2.18	2.16	4.14	4.27	4.98	4.59	4.05	4.87	4.08	4.51
Altman Z-Score	2.59	2.50	2.41	2.26	2.54	2.24	2.53	2.44	2.84	2.27
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.39	2.14	2.03	2.06	2.21	1.80	2.02	2.16	2.52	1.92
Quick Ratio	1.32	1.09	1.00	0.50	0.91	0.94	0.95	0.45	1.07	1.04
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	47	85	53	6.13	-8.87	15	0.83	-53	-13	-45
Operating Cash Flow to CapEx	1,943.68%	-1,150.20%	176.18%	-1,628.09%	2,738.28%	85.45%	-366.29%	-2,071.18%	3,666.86%	-486.90%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.96	0.84	0.91	1.00	0.95	0.90	0.98	1.05	1.05	0.97
Accounts Receivable Turnover	6.64	3.51	4.11	10.89	6.66	3.59	4.61	13.06	7.81	4.21
Inventory Turnover	2.99	2.79	2.91	2.42	3.10	3.15	3.24	2.74	3.80	3.79
Fixed Asset Turnover	10.46	10.49	8.82	8.83	8.36	8.85	9.22	8.96	9.10	9.26
Accounts Payable Turnover	13.24	10.89	17.13	18.62	10.76	13.33	22.75	22.55	12.13	21.39
Days Sales Outstanding (DSO)	54.95	103.91	88.89	33.53	54.77	101.61	79.21	27.95	46.75	86.70
Days Inventory Outstanding (DIO)	122.16	131.02	125.59	151.07	117.90	115.74	112.80	133.00	96.00	96.29
Days Payable Outstanding (DPO)	27.57	33.52	21.31	19.61	33.91	27.39	16.04	16.19	30.10	17.07
Cash Conversion Cycle (CCC)	149.54	201.42	193.18	164.99	138.76	189.96	175.97	144.76	112.64	165.92
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	406	466	484	458	443	515	510	469	423	521
Invested Capital Turnover	1.34	1.14	1.16	1.25	1.31	1.15	1.24	1.33	1.51	1.24
Increase / (Decrease) in Invested Capital	-37	-49	-26	-11	20	-5.77	26	44	28	61
Enterprise Value (EV)	687	842	788	789	861	941	928	944	945	887
Market Capitalization	546	637	540	547	650	663	657	691	759	597
Book Value per Share	$11.44	$11.29	$10.25	$9.44	$10.08	$10.31	$10.36	$9.46	$10.36	$10.07
Tangible Book Value per Share	$1.63	$1.40	$0.29	($0.63)	($0.11)	$0.00	($0.06)	($1.12)	($0.33)	($0.74)
Total Capital	411	474	488	460	467	526	513	472	444	524
Total Debt	147	214	251	243	235	289	275	255	206	293
Total Long-Term Debt	147	147	173	177	181	186	190	192	195	198
Net Debt	142	205	247	241	211	278	271	253	186	290
Capital Expenditures (CapEx)	3.83	1.23	1.42	1.33	2.80	2.43	2.54	2.75	3.12	3.34
Debt-free, Cash-free Net Working Capital (DFCFNWC)	163	227	223	193	173	242	235	193	143	240
Debt-free Net Working Capital (DFNWC)	168	236	227	195	197	253	239	196	164	243
Net Working Capital (NWC)	168	169	149	129	144	149	154	133	152	148
Net Nonoperating Expense (NNE)	2.38	3.18	3.16	3.86	3.84	3.82	2.98	3.45	3.21	2.70
Net Nonoperating Obligations (NNO)	142	205	247	241	211	278	271	253	186	290
Total Depreciation and Amortization (D&A)	4.04	4.45	4.61	5.49	5.63	5.53	5.59	5.50	5.44	5.36
Debt-free, Cash-free Net Working Capital to Revenue	28.66%	40.62%	38.82%	33.22%	30.51%	40.73%	38.22%	32.46%	23.20%	39.47%
Debt-free Net Working Capital to Revenue	29.56%	42.12%	39.55%	33.56%	34.76%	42.60%	38.77%	32.94%	26.56%	39.94%
Net Working Capital to Revenue	29.56%	30.14%	25.92%	22.21%	25.30%	25.16%	24.94%	22.35%	24.75%	24.32%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.36	$1.37	$1.03	($0.37)	$0.32	$0.25	$1.02	($0.58)	$0.50	$0.57
Adjusted Weighted Average Basic Shares Outstanding	23.09M	23.09M	23.09M	23.01M	22.98M	22.98M	22.97M	22.91M	22.89M	22.89M
Adjusted Diluted Earnings per Share	$0.35	$1.36	$1.02	($0.37)	$0.31	$0.24	$1.01	($0.58)	$0.50	$0.56
Adjusted Weighted Average Diluted Shares Outstanding	23.09M	23.58M	23.09M	23.01M	22.98M	22.98M	22.97M	22.91M	22.89M	22.89M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	23.09M	23.09M	23.09M	23.09M	22.98M	22.98M	22.98M	22.98M	22.89M	22.89M
Normalized Net Operating Profit after Tax (NOPAT)	10	2.75	28	-3.64	11	9.61	27	-9.66	15	16
Normalized NOPAT Margin	7.17%	2.12%	13.76%	-3.80%	8.13%	6.67%	13.00%	-11.70%	9.21%	9.62%
Pre Tax Income Margin	6.94%	32.26%	16.07%	-10.39%	6.10%	4.81%	14.83%	-20.14%	8.15%	9.74%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	48.93%	49.30%	94.41%	95.61%	115.67%	97.46%	76.65%	92.62%	70.00%	74.95%
Augmented Payout Ratio	48.93%	49.30%	94.41%	95.61%	115.67%	97.46%	76.65%	92.62%	85.54%	91.65%

Frequently Asked Questions About Douglas Dynamics' Financials

When does Douglas Dynamics's fiscal year end?

According to the most recent income statement we have on file, Douglas Dynamics' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Douglas Dynamics' net income changed over the last 2 years?

Douglas Dynamics' net income appears to be on an upward trend, with a most recent value of $56.15 million in 2024, rising from $38.61 million in 2022. The previous period was $23.72 million in 2023. Find out what analysts predict for Douglas Dynamics in the coming months.

What is Douglas Dynamics's operating income?

Douglas Dynamics's total operating income in 2024 was $88.71 million, based on the following breakdown:

Total Gross Profit: $146.84 million
Total Operating Expenses: $58.13 million

How has Douglas Dynamics revenue changed over the last 2 years?

Over the last 2 years, Douglas Dynamics' total revenue changed from $616.07 million in 2022 to $568.50 million in 2024, a change of -7.7%.

How much debt does Douglas Dynamics have?

Douglas Dynamics' total liabilities were at $325.77 million at the end of 2024, a 10.0% decrease from 2023, and a 9.5% decrease since 2022.

How much cash does Douglas Dynamics have?

In the past 2 years, Douglas Dynamics' cash and equivalents has ranged from $5.12 million in 2024 to $24.16 million in 2023, and is currently $5.12 million as of their latest financial filing in 2024.

How has Douglas Dynamics' book value per share changed over the last 2 years?

Over the last 2 years, Douglas Dynamics' book value per share changed from 10.36 in 2022 to 11.44 in 2024, a change of 10.4%.

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This page (NYSE:PLOW) was last updated on 5/29/2025 by MarketBeat.com Staff

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Douglas Dynamics (PLOW) Financials

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Douglas Dynamics (PLOW) Financials

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