Stocktoria

DOUGLAS DYNAMICS, INC PLOW

NYSE · stock · Construction Machinery & Equip · website · IPO 2010-05-05 · LEI

DOUGLAS DYNAMICS, INC statistics & valuation

Market cap$1.2B
P / E26.6×
P / S1.9×
P / B4.4×
P / FCF19.5×
Dividend yield2.24%
Net margin7.1%
Return on equity16.7%
FCF margin9.7%
Net debt$144.0M
Net debt / EBITDA1.6×
Enterprise value USD$1.4B
EV / EBITDA15.6×
Earnings yield EBIT/EV5.3%
Return on capital13.9%
Graham number -46.1%$22.92

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($22.92); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-18.00% 5.70% 6.30% 4.20% 9.90% 7.10% 2016201720182019202020212022202320242025
Gross margin (%)
32.20% 30.10% 29.60% 29.50% 26.70% 26.20% 24.60% 23.60% 25.80% 26.60% 2016201720182019202020212022202320242025
Operating margin (%)
16.80% 14.90% 14.00% 15.10% -15.60% 9.40% 9.50% 7.90% 15.60% 11.20% 2016201720182019202020212022202320242025
Return on equity (%)
-43.20% 14.30% 16.30% 10.20% 21.30% 16.70% 2016201720182019202020212022202320242025
Shares outstanding
22.48B 22.59B 22.70B 22.81B 22.9M 23.0M 22.9M 23.0M 23.5M 23.6M 2016201720182019202020212022202320242025
Net debt ($)
$288.1M $238.0M $215.1M $186.4M $195.6M $207.7M $189.4M $147.5M $144.0M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-14.90% 5.40% 6.50% 4.00% 9.50% 7.50% 2016201720182019202020212022202320242025
Free cash flow margin (%)
8.10% 9.00% 4.50% 0.50% 5.90% 9.70% 2016201720182019202020212022202320242025
Debt / equity (×)
1.39× 1.07× 0.86× 0.71× 1.18× 0.88× 0.82× 0.56× 0.51× 2016201720182019202020212022202320242025
EPS ($)
$1.70 $2.40 $1.89 $2.11 -$3.81 $1.29 $1.63 $0.98 $2.36 $1.96 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

DOUGLAS DYNAMICS, INC trades at about 21.7× earnings — near its 10-year norm (10-year range 10.2×–28.3×, median 19.9×).

10.2× 28.3×

Shaded band = 10-year range (10.2×–28.3×); dot = today's 21.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin26.6%25.8%23.6%24.6%26.2%26.7%29.5%29.6%30.1%32.2%
Operating margin11.2%15.6%7.9%9.5%9.4%-15.6%15.1%14.0%14.9%16.8%
Net margin7.1%9.9%4.2%6.3%5.7%-18.0%————
FCF margin9.7%5.9%0.5%4.5%9.0%8.1%————
Return on assets7.5%9.5%4.0%6.5%5.4%-14.9%————
Return on equity16.7%21.3%10.2%16.3%14.3%-43.2%————
Debt / equity0.51×0.56×0.82×0.88×—1.18×0.71×0.86×1.07×1.39×
Current ratio2.783.392.212.522.693.282.712.522.453.43

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.