Douglas Dynamics, Inc. (PLOW) Revenue History
Annual and quarterly revenue from 2007 to present
PLOW Revenue Over Time (2007–2025)
PLOW Revenue Growth History
14 of 18 years with positive growth- FY2007 revenue growth
- N/A
- FY2008 revenue growth
- +28.6%
- FY2009 revenue growth
- -3.2%
- FY2010 revenue growth
- +1.4%
- FY2011 revenue growth
- +18.1%
- FY2012 revenue growth
- -32.9%
- FY2013 revenue growth
- +38.8%
- FY2014 revenue growth
- +56.2%
- FY2015 revenue growth
- +31.9%
- FY2016 revenue growth
- +4.0%
- FY2017 revenue growth
- +14.1%
- FY2018 revenue growth
- +10.3%
- FY2019 revenue growth
- +9.1%
- FY2020 revenue growth
- -16.0%
- FY2021 revenue growth
- +12.8%
- FY2022 revenue growth
- +13.8%
- FY2023 revenue growth
- -7.8%
- FY2024 revenue growth
- +0.1%
- FY2025 revenue growth
- +15.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $137.8M | +19.8% |
| Q4 2025 | $184.5M | +28.6% |
| Q3 2025 | $162.1M | +25.3% |
| Q2 2025 | $194.3M | -2.8% |
| Q1 2025 | $115.1M | +20.3% |
| Q4 2024 | $143.5M | +6.9% |
| Q3 2024 | $129.4M | -10.2% |
| Q2 2024 | $199.9M | -3.6% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2021)
PLOW's revenue distribution by segment and geography for fiscal year 2021
By Product/Segment
PLOW Revenue Analysis (2007–2025)
Current Revenue & Growth
As of June 22, 2026, Douglas Dynamics, Inc. (PLOW) generated trailing twelve-month (TTM) revenue of $678.8 million, reflecting strong growth of +19.8% year-over-year. The most recent quarter (Q1 2026) recorded $137.8 million in revenue, down 25.3% sequentially.
Historical Growth Trajectory
PLOW's 5-year compound annual growth rate (CAGR) stands at +6.4%, indicating steady revenue expansion. The 3-year CAGR of +2.1% is below the 5-year average, signalling a growth deceleration in recent years. Douglas Dynamics, Inc.'s highest annual revenue of $656.1 million was recorded in 2025, an all-time high.
Revenue by Segment
PLOW's revenue is primarily driven by Work Truck Attachments (97%), and Work Truck Solutions (3%). With over half of revenue concentrated in Work Truck Attachments, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Consumer Cyclical sector peers — including ALGT (+3.7% YoY), ASTE (+11.5% YoY), and HLIO (+10.5% YoY) — PLOW has outperformed the peer group in revenue growth. Compare PLOW vs ALGT →
PLOW Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| PLOWCurrent | $679M | +19.8% | +6.4% | 11.2% | |
 ALGT | $2.6B | +3.7% | +21.4% | 6.7% | |
 ASTE | $1.4B | +11.5% | +6.6% | 4.6% | |
 HLIO | $839M | +10.5% | +9.9% | 7.9% | |
 MYRG | $3.7B | +13.1% | +10.2% | 4.4% | |
 MTW | $2.2B | +5.1% | +9.2% | 2.6% |
PLOW Historical Revenue Data (2007–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $656.1M | +15.4% | $168.5M | 25.7% | $73.6M | 11.2% |
| 2024 | $568.5M | +0.1% | $146.8M | 25.8% | $88.7M | 15.6% |
| 2023 | $568.2M | -7.8% | $134.3M | 23.6% | $44.9M | 7.9% |
| 2022 | $616.1M | +13.8% | $151.5M | 24.6% | $58.8M | 9.5% |
| 2021 | $541.5M | +12.8% | $141.9M | 26.2% | $51.1M | 9.4% |
| 2020 | $480.2M | -16.0% | $128.3M | 26.7% | $-75,140,000 | -15.6% |
| 2019 | $571.7M | +9.1% | $168.8M | 29.5% | $86.6M | 15.1% |
| 2018 | $524.1M | +10.3% | $154.9M | 29.6% | $73.5M | 14.0% |
| 2017 | $474.9M | +14.1% | $143.1M | 30.1% | $70.1M | 14.8% |
| 2016 | $416.3M | +4.0% | $134.0M | 32.2% | $69.1M | 16.6% |
| 2015 | $400.4M | +31.9% | $132.9M | 33.2% | $77.4M | 19.3% |
| 2014 | $303.5M | +56.2% | $116.3M | 38.3% | $72.2M | 23.8% |
| 2013 | $194.3M | +38.8% | $65.7M | 33.8% | $27.5M | 14.2% |
| 2012 | $140.0M | -32.9% | $44.0M | 31.4% | $18.9M | 13.5% |
| 2011 | $208.8M | +18.1% | $71.8M | 34.4% | $40.2M | 19.2% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
19+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
PLOW — Frequently Asked Questions
Quick answers to the most common questions about buying PLOW stock.
Is PLOW's revenue growth accelerating or slowing?
PLOW revenue growth is accelerating. TTM revenue reached $679M, up +19.8% year-over-year — ahead of the 5-year CAGR of +6.4%. This indicates the business is expanding faster than its historical baseline.
What is PLOW's revenue history from 2007 to 2026?
Douglas Dynamics, Inc. (PLOW) revenue history spans 2007 to 2026. TTM revenue as of 2026 is $679M, growing at +19.8% YoY. The 5-year CAGR is +6.4%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is PLOW's long-term revenue growth rate (CAGR)?
Douglas Dynamics, Inc.'s 5-year revenue CAGR of +6.4% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +19.8% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for PLOW.
Why does PLOW's quarterly revenue fluctuate?
PLOW quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Douglas Dynamics, Inc.'s revenue data from 2007 to 2026 shows full historical quarterly detail on this page.
How is PLOW's revenue distributed by segment?
PLOW reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does PLOW's revenue compare to industry peers?
Douglas Dynamics, Inc. (PLOW) with TTM revenue of $679M and +19.8% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.