The financials
Douglas Dynamics, Inc. by the numbers
Douglas Dynamics, Inc. (PLOW) reported revenue of $138M in Q1 2026 (quarter ended March 31, 2026), up 20% from the same quarter a year earlier. That came with a gross margin of 27% and net income of $6.3M (4.5% of revenue). For the full year FY2025, revenue was $656M (+15% year on year) and net income $46M. Its largest product in 2024-Q1 was Independent Dealer at $24M, 96% of the disclosed total, just ahead of Fleet Upfit Sales at 4.1%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $138M | $115M | +20% |
| Gross profit | $38M | $28M | +34% |
| Operating income | $9.9M | $3.2M | +210% |
| Net income | $6.3M | $140K | +4364% |
| Diluted EPS | $0.26 | $0.00 | n/a |
| Product | Revenue | Share |
|---|---|---|
| Independent Dealer | $24M | 96% |
| Fleet Upfit Sales | $1.0M | 4.1% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $129.3M (+112%)
Independent Dealer grew +20% year on year
Segment Latestquarter on quarteryear on year
- Independent Dealer$129.3M$129.3MQoQ +112%year on year +20%+112%+20%
- Fleet$0.00$0.00QoQ -year on year ---
- Government Contract$0.00$0.00QoQ -year on year ---
- Product And Service Other$0.00$0.00QoQ -year on year ---