DOUGLAS DYNAMICS, INC(PLOW)Stock Analysis
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Rank #1,352 of 2,879 stocksTOP 50%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
PLOW Stock Analysis & AI Quality Score
AI stock analysis and institutional research for DOUGLAS DYNAMICS, INC (PLOW), a Industrials sector company. 13F Pro's AI-powered ranking engine scores PLOW at 52.2/100 on a 32-signal composite quality model, placing it at rank #1,352 of 2,879 stocks — the top half of the AI-ranked universe. PLOW scores in the top quartile across earnings quality (93.6), balance sheet strength (76.7). Areas of concern include free cash flow (23.0), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), DOUGLAS DYNAMICS, INC reports quarterly revenue of $137.8M, net income of $6.4M, an operating margin of 7.2%. Top institutional holders of PLOW by reported 13-F value include Allspring Global Investments Holdings,, BlackRock,, PZENA INVESTMENT MANAGEMENT, based on the most recent SEC filings. PLOW trades on the NYSE exchange and files with the SEC under CIK 1287213. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate PLOW daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for DOUGLAS DYNAMICS, INC directly from SEC EDGAR. DOUGLAS DYNAMICS, INC's 13F Pro composite quality score has ranged between 8 and 64 since 2021, currently 52.2 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.
Revenue
Q1 2026
$137.8M
Net Income
Q1 2026
$6.4M
Free Cash Flow
Q1 2026
$-4.2M
Operating Margin
Q1 2026
7.2%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+15.5% YoYNet Income
+97.7% YoYOperating Income
+63.9% YoYEPS (Diluted)
+100.0% YoYTotal Assets
+5.6% YoYTotal Debt
-35.7% YoYOp. Cash Flow
+499.0% YoY| Metric | FY 2025 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Revenue | $656.1M +15.5% | $568.2M -7.8% | $616.1M +13.8% | $541.5M +12.8% | $480.2M -16.0% | $571.7M |
| Net Income | $46.9M +97.7% | $23.7M -38.6% | $38.6M +25.8% | $30.7M +135.5% | $-86.6M | — |
| Operating Income | $73.6M +63.9% | $44.9M -23.6% | $58.8M +14.9% | $51.1M +168.1% | $-75.1M -186.8% | $86.6M |
| EPS (Diluted) | $1.96 +100.0% | $0.98 -39.9% | $1.63 +26.4% | $1.29 +133.9% | $-3.81 -280.6% | $2.11 |
| Total Assets | $626.7M +5.6% | $593.4M -0.6% | $596.9M +4.3% | $572.5M -1.2% | $579.2M -17.9% | $705.7M |
| Total Debt | $156.4M -35.7% | $243.2M +11.1% | $218.9M +1865.3% | $11.1M -95.3% | $238.3M -2.4% | $244.2M |
| Operating Cash Flow | $74.7M +499.0% | $12.5M -68.9% | $40.0M -33.9% | $60.5M +13.4% | $53.4M -31.0% | $77.3M |
AI Insight: PLOW Financial Trends
Douglas Dynamics shows strong seasonal revenue patterns but declining profitability with Q1 2026 operating income falling 70% year-over-year to $10M.
• Revenue exhibits consistent seasonality with Q2 peaks of $200M and $194M in 2024-2025 respectively.
• Operating income declined from $3M in Q1 2025 to $10M in Q1 2026, showing year-over-year improvement.
• Total debt swings dramatically from $19M in Q1 2025 to $156M in Q4 2025.
• Equity base has grown steadily from $237M in Q2 2024 to $279M in Q1 2026.
⚠ Operating cash flow remains volatile and negative in most quarters outside Q4 seasonal strength.
⚠ Debt levels appear highly cyclical, requiring monitoring of refinancing needs and covenant compliance.
AI Insight: PLOW Ratio Trends
Douglas Dynamics shows extreme quarterly volatility with operating margins swinging from 35.4% in Q3 2024 to just 2.8% in Q1 2025.
• Operating margin collapsed from 35.4% in Q3 2024 to 2.8% in Q1 2025, then partially recovered to 19.0% in Q2 2025.
• ROIC deteriorated from 56.0% in Q3 2024 to 12.9% in Q1 2026, showing declining capital efficiency.
• Debt-to-equity ratio improved from 0.56 in Q4 2025 to 0.10 in Q1 2026, indicating strengthening balance sheet.
⚠ Severe quarterly profitability swings suggest highly seasonal or cyclical business with limited earnings predictability.
⚠ Q1 performance remains weakest quarter with operating margins below 8% in both Q1 2025 and Q1 2026.
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Available Research
13F Pro tracks comprehensive data for DOUGLAS DYNAMICS, INC including:
Top Institutional Holders of PLOW
Allspring Global Investments Holdings, LLC
$88.2M2,058,359 shBlackRock, Inc.
$78.0M1,852,454 shPZENA INVESTMENT MANAGEMENT LLC
$67.1M1,593,133 shVANGUARD CAPITAL MANAGEMENT LLC
$40.9M970,965 shDIMENSIONAL FUND ADVISORS LP
$39.4M936,127 shSILVERCREST ASSET MANAGEMENT GROUP LLC
$26.2M623,063 shPUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.
$26.2M621,845 shNuveen, LLC
$26.1M619,969 shSTATE STREET CORP
$25.5M605,687 shGEODE CAPITAL MANAGEMENT, LLC
$23.2M550,791 sh
| Fund | Value | Shares |
|---|---|---|
| Allspring Global Investments Holdings, LLC | $88.2M | 2,058,359 |
| BlackRock, Inc. | $78.0M | 1,852,454 |
| PZENA INVESTMENT MANAGEMENT LLC | $67.1M | 1,593,133 |
| VANGUARD CAPITAL MANAGEMENT LLC | $40.9M | 970,965 |
| DIMENSIONAL FUND ADVISORS LP | $39.4M | 936,127 |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | $26.2M | 623,063 |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. | $26.2M | 621,845 |
| Nuveen, LLC | $26.1M | 619,969 |
| STATE STREET CORP | $25.5M | 605,687 |
| GEODE CAPITAL MANAGEMENT, LLC | $23.2M | 550,791 |
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Popular Research
Is PLOW a good stock to buy?
13F Pro's AI-powered analysis of DOUGLAS DYNAMICS, INC (PLOW) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for PLOW are available on the PLOW stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own PLOW?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling PLOW. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of DOUGLAS DYNAMICS, INC's investment landscape.