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Douglas Dynamics Inc

douglasdynamics.com

Douglas Dynamics (NYSE: PLOW) is a North American manufacturer and upfitter of commercial work truck attachments and equipment. Revenue is generated through the sale of those attachments and equipment to end-users and businesses that operate commercial work trucks. The company describes itself as home to the best-selling brands in its category in North America, with more than 75 years of operating history as of the FY2025 10-K filing. In 2025, Douglas Dynamics acquired Venco Venturo Industries LLC and Venturo Truck Equipment Center LLC, expanding its upfitting capabilities. The business is transactional, selling manufactured products rather than recurring subscriptions, with demand tied to commercial work truck activity and seasonal factors such as snowfall patterns. The company is incorporated in Delaware and files annually with the SEC.

Products & Services

Commercial work truck attachments and equipment; truck upfitting services. The 2025 acquisition of Venco Venturo Industries LLC and Venturo Truck Equipment Center LLC added incremental upfitting product lines.

Revenue Model

Transactional product sales of commercial work truck attachments and upfitted equipment to businesses and end-users operating commercial work trucks.

Customers & Markets

Businesses and end-users that operate commercial work trucks. The filing does not disclose specific customer names, concentration percentages, or end-market breakdowns.

Geographic Exposure

North America, per the FY2025 10-K filing dated 2026-02-24.

Financial Snapshot

Revenue
TTM
$678.8M
Gross Margin
TTM
27.01%
Net Income
TTM
$52.85M
Current Assets
2026 Q1
Current Liabilities
2026 Q1
Current Ratio
2026 Q1
265.31%
Total Assets
2026 Q1
Total Liabilities
2026 Q1
$106.4M
Book Value
2026 Q1
$523.9M
Cash
2026 Q1
P/E
TTM
19.31
Free Cash Flow
TTM
$62.90M

Stock Price

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Market Cap: $1.0205 Billion

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