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← CockpitCompetitor Analysis › PLOW Douglas Dynamics, Inc.Open in the cockpit ↗

Douglas Dynamics, Inc.PLOWCompetitor analysis, valuation and peers

United States · USD·Industrials›Trucks/Construction/Farm Machinery
Momentum weak 28
Mkt cap
$839M
US dollars, full cap
Free float
98%
of shares outstanding
$/day
$7.07M
20-day average traded
Fwd P/E
11.0×
forward earnings
ROIC−WACC
+2.6 pp
WACC 9.1%
Hurdle
-1 pp
Req g minus delivered
Next earnings
108 days
22 Feb 2027
Close · USD$36.34
1D-1.3%
1W-8.0%
1M-7.7%
3M-14.8%
6M-19.8%
YTD+11.3%
1Y+15.8%
ATR %3.4%
Beta0.93
52w lowhigh33.9% off high

What Douglas Dynamics does

Employees: 1,764

Douglas Dynamics at a glance

Size Douglas Dynamics (PLOW) is a United States Industrials company (Trucks/Construction/Farm Machinery) with a market value of $839M, the 2364th largest of 3,117 United States companies the cockpit tracks. Shares closed at $36.34 on 6 Nov 2026.

Performance Over six months the shares fell 19.8%, against -17.6% for the median peer and -1.1% for the United States market (cap-weighted) — 9th lowest of 21 in its peer set.

Growth Revenue grew 22.8% over the last twelve months (peer median +11.5%); the operating margin is 12.7% (peer median 5.2%).

Valuation It trades at 11.0× forward earnings against a peer median of 19.1× (4th cheapest of 12).

Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -1 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 2.6 points above its cost of capital (9.1% WACC).

Short interest Short interest is 2.3% of the free float (15 Oct 2026).

Next results Next results expected around 22 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026Peer median 82PLOW 79
Six months, rebased to 100: Douglas Dynamics against the median of its 20 peers (local-currency closes).

Douglas Dynamics financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$755M$656M$569M$568M$616M
Revenue growth—+15%0%-8%—
Gross profit$206M$168M$139M$124M$141M
EBITDA$111M$89.0M$65.5M$71.7M$80.7M
Net income$64.4M$45.8M$55.1M$23.2M$37.9M
Free cash flow$34.1M$63.6M$33.0M$1.61M$28.0M
Capital expenditure$14.3M$11.1M$7.81M$10.5M$12.0M
Total debt$332M$219M$221M$257M$227M

Quarterly statements and history in the cockpit →

Douglas Dynamics competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-60%-40%-20%0%-20%0%300733ASTE605100MTW301260ENGCON-BKMEW301048071970601177JWL600815002526688309603012439260688226600495TITAGARHPLOW6-month return →1-month return →
Up and to the right = strong over both horizons. Douglas Dynamics is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%10×20×30×300733ASTEMTW301260ENGCON-B071970JWL439260VBG-B688226TITAGARHPLOWRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Douglas Dynamics is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%ASTEMTWENGCON-B301048071970601177VBG-B600495TITAGARHPLOWGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Douglas Dynamics is the large dot.

Douglas Dynamics competitors and peer comparison

How Douglas Dynamics compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Douglas Dynamics against its 20 peers (data as of 6 Nov 2026)
MeasurePLOWPeer medianRank in peer set
1-month return-7.7%-9.7%10th highest of 21
6-month return-19.8%-17.6%9th lowest of 21
Distance from 52-week high-33.9%-31.2%10th lowest of 21
Revenue growth (TTM)+22.8%+11.5%5th highest of 21
Operating margin12.7%5.2%6th highest of 21
Forward P/E11.0×19.1×4th cheapest of 12
Growth the price implies (Req g, 7 yrs)5.6%8.8%4th least demanding of 11
Growth delivered (Del g)+6.4%+7.9%5th lowest of 11
Hurdle (Req g minus delivered)-0.8 pp+2.4 pp4th least demanding of 11
ROIC minus cost of capital+2.6 pp-3.1 pp7th highest of 21
EV / EBITDA10.5×16.5×4th cheapest of 9
Net debt / EBITDA2.9×1.0×2nd most indebted of 9

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Douglas Dynamics PLOWUnited States$839M-20%+23%13%11.0×5.6%+6.4%
Chengdu Xiling Power Science & Technology 300733.SZChina$831M-9%+4%3%29.3×n/an/a
Astec Industries ASTEUnited States$822M-33%+19%5%9.8×9.5%+6.6%
Power HF 605100.SSChina$816M-35%+17%2%n/an/an/a
Manitowoc MTWUnited States$808M-3%+9%3%16.2×11.2%+9.2%
Greenworks (Jiangsu) 301260.SZChina$804M-35%-1%-8%19.1×n/an/a
engcon ENGCON-B.STSweden$876M-13%+16%16%29.7×7.0%+11.9%
Knowledge Marine & Engineering Works KMEW.NSIndia$876M+44%+57%40%n/an/an/a
Gemac Engineering Machinery 301048.SZChina$801M-8%+7%8%n/a4.1%+4.0%
HD-Hyundai Marine Engine 071970.KSSouth Korea$887M-66%+54%26%8.7×-9.8%+10.2%
Hangzhou Advance Gearbox 601177.SSChina$786M-19%+1%4%n/a14.5%+4.6%
Jupiter Wagons JWL.NSIndia$896M-35%-12%10%32.8×n/an/a
Xiamen XGMA Machinery 600815.SSChina$756M-36%+21%-21%n/an/an/a
Shandong Mining Machinery 002526.SZChina$754M-15%-6%1%n/an/an/a
Niutech Technology 688309.SSChina$753M-10%+79%26%n/an/an/a
Shanghai Chuangli 603012.SSChina$738M-12%-17%5%n/a8.1%+2.8%
DAEHAN SHIPBUILDING 439260.KSSouth Korea$955M-62%+14%26%4.4×n/an/a
VBG VBG-B.STSweden$734M-16%+5%10%16.2×2.7%+11.4%
Wetown Electric 688226.SSChina$729M-55%+54%3%29.9×n/an/a
Jinxi Axle 600495.SSChina$728M-6%+19%-1%n/a22.1%+2.6%
Titagarh Rail Systems TITAGARH.NSIndia$967M-20%-10%10%34.8×45.4%+15.9%

Questions

Which companies are Douglas Dynamics's closest peers?
The cockpit's peer set: Chengdu Xiling Power Science & Technology (300733.SZ), Astec Industries (ASTE), Power HF (605100.SS), Manitowoc (MTW), Greenworks (Jiangsu) (301260.SZ), engcon (ENGCON-B.ST), Knowledge Marine & Engineering Works (KMEW.NS), Gemac Engineering Machinery (301048.SZ).
Is Douglas Dynamics expensive compared with its peers?
On forward p/e it trades at 11.0× against a peer median of 19.1×, 4th cheapest of 12 in its peer set. For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -1 pp: the price already allows for a slowdown.
How has Douglas Dynamics stock performed?
Over six months to 6 Nov 2026 the shares returned -19.8% against -17.6% for the median peer; over one year +15.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.