Douglas Dynamics Inc. Common Stock (PLOW)

FairStock Score: 70/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Douglas Dynamics as a cyclical industrial with a decent brand franchise. It makes snow and ice control attachments under FISHER, WESTERN, and SNOWEX, plus truck-mounted cranes and hoists. That gives it some pricing power and customer loyalty, but snowplow demand is tied to weather and economic activity; FairStock labels it CYCLICAL — Auto Parts, because earnings follow the economic cycle. In fiscal 2025, the year ended 2025-12-31, revenue was $656.1M versus $568.5M in fiscal 2024, the year ended 2024-12-31, yet net income fell to $46.9M from $56.2M and diluted EPS dropped to $1.96 from $2.36. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $214.6M with net income of $25.4M and diluted EPS of $1.07, showing a rebound. FairStock calculations show ROE of 18.34% but ROCE of only 7.05%, debt-to-equity of 0.97, and trailing free cash flow of $48.9M, a 5.3% FCF yield. The balance sheet is not fortress-like: Altman Z-Score 2.30 and Piotroski F-Score 5/9. At the 2026-10-13 close of $39.87, FairStock shows P/E 18.12, P/B 3.07, EV/EBITDA 12.72, and dividend yield 2.96%. The Graham Number of $25.36 implies the price is well above asset-and-earnings-based value, with a -57.22% margin of safety. I see a fair business with a narrow moat, but the price requires optimism. I would want a wider discount before calling it a bargain.

In plain English: Douglas Dynamics makes snowplows and other equipment for commercial trucks. Its profits are uneven because demand depends on weather and the economy, but recent quarterly results are solid. At the recent stock price, the shares look expensive compared with what the company owns and earns.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q4 2025 10-K (period ended 2025-12-31) · fiscal Q3 2025 10-K (period ended 2025-09-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer