PLOWDouglas Dynamics, Inc.

$41.63

Is it safe?

Can PLOW take a bad year?

Douglas Dynamics, Inc. carries $22M of net debt at 0.23× EBITDA: a load its earnings can carry.

$22M

Net debt · as at Q1 2026 · under two and a half years of EBITDA, comfortable

Net debt / EBITDA
0.23×

Net debt / EBITDA · 0.11× a year ago · the load is going up

Altman Z-score
4.15

Altman Z-score · safe zone, above 3

Debt / equity
0.10×

Debt / equity

Details
Total debtQ1 2026
$27M
Cash and short-term investments
$5.2M
Net debt
$22M
EBITDA, trailing twelve months
$96M
Operating profit, trailing twelve months
$80M
Debt / equity
0.10×
Total debt / EBITDA
0.29×
Annualised volatilitytwo years of daily moves
35%
Worst drawdown on file
−56%
Below its 52-week high
−22%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.