Douglas Dynamics, Inc. (PLOW) Financial Ratios
19 years of historical data (2007–2025) · Consumer Cyclical · Auto - Parts
EV/EBITDA
↓
15.14
↑+25% vs avg
5yr avg: 12.06
30Y Low6.9·High15.4
P/FCF
↓
17.94
↓-79% vs avg
5yr avg: 85.29
30Y Low7.0·High29.6
P/B Ratio
↓
4.14
↑+34% vs avg
5yr avg: 3.09
30Y Low1.7·High4.9
ROE
↑
17.2%
↓+5% vs avg
5yr avg: 16.4%
30Y Low-34%·High24%
Debt/EBITDA
↓
2.42
↓-17% vs avg
5yr avg: 2.91
30Y Low2.1·High7.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
PLOW Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Douglas Dynamics, Inc. trades at 25.1x earnings, 16% above its 5-year average of 21.7x, sitting at the 60th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 21.2x, the stock trades at a premium of 19%. On a free-cash-flow basis, the stock trades at 17.9x P/FCF, 79% below the 5-year average of 85.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.1B | $770M | $556M | $682M | $829M | $897M | $977M | $1.3B | $815M | $854M | $756M |
| Enterprise Value | $1.3B | $976M | $772M | $914M | $1.0B | $1.1B | $1.2B | $1.5B | $1.1B | $1.1B | $1.1B |
| P/E Ratio → | 25.08 | 16.57 | 10.01 | 29.39 | 22.18 | 30.28 | — | 26.07 | 18.60 | 15.75 | 19.79 |
| P/S Ratio | 1.74 | 1.17 | 0.98 | 1.20 | 1.35 | 1.66 | 2.04 | 2.19 | 1.55 | 1.80 | 1.82 |
| P/B Ratio | 4.14 | 2.74 | 2.10 | 2.94 | 3.50 | 4.18 | 4.88 | 4.01 | 2.88 | 3.33 | 3.43 |
| P/FCF | 17.94 | 12.11 | 16.67 | 349.86 | 29.61 | 18.18 | 25.13 | 19.08 | 16.80 | 14.52 | 12.59 |
| P/OCF | 15.27 | 10.31 | 13.51 | 54.66 | 20.70 | 14.82 | 18.31 | 16.23 | 14.01 | 12.71 | 10.82 |
P/E links to full P/E history page with 30-year chart
PLOW EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Douglas Dynamics, Inc.'s enterprise value stands at 15.1x EBITDA, 25% above its 5-year average of 12.1x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 24% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.49 | 1.36 | 1.61 | 1.68 | 2.03 | 2.51 | 2.61 | 2.04 | 2.38 | 2.53 |
| EV / EBITDA | 15.14 | 10.97 | 7.24 | 13.73 | 12.98 | 15.39 | — | 14.11 | 11.53 | 12.77 | 12.25 |
| EV / EBIT | 18.30 | 13.26 | 8.66 | 20.35 | 17.65 | 23.69 | — | 18.80 | 14.68 | 15.89 | 13.33 |
| EV / FCF | — | 15.36 | 23.17 | 469.24 | 36.97 | 22.30 | 30.97 | 22.70 | 22.00 | 19.26 | 17.50 |
PLOW Profitability
Margins and return-on-capital ratios measuring operating efficiency
Douglas Dynamics, Inc. earns an operating margin of 11.2%, above the Consumer Cyclical sector average of 2.0%. Operating margins have expanded from 7.9% to 11.2% over the past 3 years, signaling improving operational efficiency. ROE of 17.2% indicates solid capital efficiency, compared to the sector median of 5.3%. ROIC of 11.4% represents solid returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.7% | 25.7% | 25.8% | 23.6% | 24.6% | 26.2% | 26.7% | 29.5% | 29.6% | 30.1% | 32.2% |
| Operating Margin | 11.2% | 11.2% | 15.6% | 7.9% | 9.5% | 9.4% | -15.6% | 15.1% | 14.0% | 14.8% | 16.6% |
| Net Profit Margin | 7.1% | 7.1% | 9.9% | 4.2% | 6.3% | 5.7% | -18.0% | 8.6% | 8.4% | 11.6% | 9.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.2% | 17.2% | 22.7% | 10.1% | 17.1% | 14.8% | -33.7% | 16.5% | 16.3% | 23.2% | 18.5% |
| ROA | 7.7% | 7.7% | 9.5% | 4.0% | 6.6% | 5.3% | -13.5% | 7.1% | 6.5% | 8.2% | 6.6% |
| ROIC | 11.4% | 11.4% | 14.1% | 7.4% | 10.2% | 9.1% | -11.5% | 12.0% | 10.3% | 10.0% | 12.0% |
| ROCE | 14.0% | 14.0% | 17.8% | 9.2% | 11.9% | 10.2% | -13.2% | 14.1% | 12.2% | 11.4% | 12.7% |
PLOW Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Douglas Dynamics, Inc. carries a Debt/EBITDA ratio of 2.4x, which is manageable (49% below the sector average of 4.8x). Net debt stands at $207M ($215M total debt minus $8M cash). Interest coverage of 6.1x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.76 | 0.76 | 0.84 | 1.11 | 0.96 | 1.12 | 1.34 | 0.87 | 0.99 | 1.23 | 1.42 |
| Debt / EBITDA | 2.42 | 2.42 | 2.08 | 3.86 | 2.84 | 3.36 | — | 2.59 | 3.02 | 3.56 | 3.65 |
| Net Debt / Equity | — | 0.73 | 0.82 | 1.00 | 0.87 | 0.95 | 1.13 | 0.76 | 0.89 | 1.08 | 1.34 |
| Net Debt / EBITDA | 2.32 | 2.32 | 2.03 | 3.49 | 2.58 | 2.84 | — | 2.25 | 2.72 | 3.14 | 3.43 |
| Debt / FCF | — | 3.25 | 6.49 | 119.38 | 7.36 | 4.11 | 5.84 | 3.62 | 5.20 | 4.74 | 4.91 |
| Interest Coverage | 6.08 | 6.08 | 5.84 | 2.87 | 5.21 | 3.92 | -3.88 | 4.73 | 4.29 | 3.89 | 5.19 |
PLOW Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Douglas Dynamics, Inc.'s current ratio of 2.78x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.18x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 2.21x to 2.78x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.78 | 2.78 | 3.39 | 2.21 | 2.52 | 2.69 | 3.28 | 2.71 | 2.52 | 2.45 | 3.54 |
| Quick Ratio | 1.18 | 1.18 | 1.40 | 1.01 | 1.15 | 1.39 | 1.96 | 1.63 | 1.43 | 1.47 | 2.09 |
| Cash Ratio | 0.09 | 0.09 | 0.07 | 0.20 | 0.21 | 0.45 | 0.62 | 0.46 | 0.35 | 0.46 | 0.36 |
| Asset Turnover | — | 1.05 | 0.96 | 0.96 | 1.03 | 0.95 | 0.83 | 0.81 | 0.78 | 0.69 | 0.62 |
| Inventory Turnover | 3.19 | 3.19 | 3.02 | 3.04 | 3.37 | 3.75 | 4.02 | 4.77 | 4.28 | 4.19 | 3.77 |
| Days Sales Outstanding | — | 54.28 | 56.12 | 56.90 | 51.41 | 48.71 | 63.24 | 56.10 | 56.75 | 60.81 | 70.26 |
PLOW Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Douglas Dynamics, Inc. returns 2.9% to shareholders annually — split between a 2.4% dividend yield and 0.5% buyback yield. A payout ratio of 59.6% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 4.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.4% | 3.6% | 4.9% | 4.0% | 3.3% | 3.0% | 2.7% | 2.0% | 3.0% | 2.6% | 2.8% |
| Payout Ratio | 59.6% | 59.6% | 48.9% | 115.7% | 70.0% | 86.4% | — | 51.2% | 55.5% | 39.7% | 55.0% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.0% | 6.0% | 10.0% | 3.4% | 4.5% | 3.3% | — | 3.8% | 5.4% | 6.3% | 5.1% |
| FCF Yield | 5.6% | 8.3% | 6.0% | 0.3% | 3.4% | 5.5% | 4.0% | 5.2% | 6.0% | 6.9% | 7.9% |
| Buyback Yield | 0.5% | 0.8% | 0.0% | 0.0% | 0.7% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% |
| Total Shareholder Yield | 2.9% | 4.4% | 4.9% | 4.0% | 4.0% | 3.0% | 2.7% | 2.0% | 3.0% | 2.7% | 2.8% |
| Shares Outstanding | — | $24M | $24M | $23M | $23M | $23M | $23M | $23M | $23M | $23M | $22M |
Peer Comparison
Compare PLOW with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 PLOWYou | $1B | 25.1 | 15.1 | 17.9 | 25.7% | 11.2% | 17.2% | 11.4% | 2.4 |
 ALGT | $2B | -40.6 | 8.4 | 24.8 | 15.4% | 6.7% | -4.2% | 4.6% | 4.4 |
 ASTE | $1B | 33.4 | 15.1 | 60.0 | 26.5% | 4.6% | 5.9% | 6.2% | 3.1 |
 HLIO | $3B | 62.4 | 23.5 | 28.9 | 32.3% | 7.9% | 5.4% | 4.4% | 0.9 |
 MYRG | $7B | 61.2 | 31.1 | 30.9 | 11.5% | 4.4% | 18.8% | 18.3% | 0.5 |
 MTW | $473M | 65.8 | 8.0 | — | 18.1% | 2.6% | 1.1% | 3.9% | 4.8 |
 AGCO | $8B | 11.7 | 9.8 | 11.1 | 24.8% | 6.9% | 16.9% | 8.3% | 2.6 |
 CNH | $13B | 25.5 | 10.8 | 6.5 | 31.4% | 15.4% | 6.5% | 6.6% | 7.9 |
 STLD | $36B | 31.3 | 19.6 | 72.2 | 13.0% | 8.1% | 13.3% | 9.2% | 2.1 |
 NUE | $56B | 32.4 | 14.6 | — | 11.9% | 8.2% | 8.0% | 7.7% | 1.7 |
 CMI | $99B | 35.0 | 21.0 | 41.5 | 25.3% | 11.5% | 23.0% | 16.1% | 1.6 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 19 years · Updated daily
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PLOW — Frequently Asked Questions
Quick answers to the most common questions about buying PLOW stock.
What is Douglas Dynamics, Inc.'s P/E ratio?
Douglas Dynamics, Inc.'s current P/E ratio is 25.1x. The historical average is 32.4x. This places it at the 60th percentile of its historical range.
What is Douglas Dynamics, Inc.'s EV/EBITDA?
Douglas Dynamics, Inc.'s current EV/EBITDA is 15.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.6x.
What is Douglas Dynamics, Inc.'s ROE?
Douglas Dynamics, Inc.'s return on equity (ROE) is 17.2%. The historical average is 11.3%.
Is PLOW stock overvalued?
Based on historical data, Douglas Dynamics, Inc. is trading at a P/E of 25.1x. This is at the 60th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Douglas Dynamics, Inc.'s dividend yield?
Douglas Dynamics, Inc.'s current dividend yield is 2.40% with a payout ratio of 59.6%.
What are Douglas Dynamics, Inc.'s profit margins?
Douglas Dynamics, Inc. has 25.7% gross margin and 11.2% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Douglas Dynamics, Inc. have?
Douglas Dynamics, Inc.'s Debt/EBITDA ratio is 2.4x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.