Douglas Dynamics, Inc. (PLOW) Stock

Douglas Dynamics, Inc. (PLOW) is a Industrials stock trading at $41.09 (as of 2026-08-20), with a market capitalization of $948.24M and a trailing P/E of 18.0. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Douglas Dynamics, Inc. manufactures and upfits commercial work truck equipment in North America. Through the Work Truck Attachments and Work Truck Solutions segments, it produces snow and ice control attachments and related parts, and provides municipal products, truck/vehicle upfit and storage solutions, including customized turnkey systems for government agencies and municipalities.

Understand Douglas Dynamics, Inc.: how it makes money

Douglas Dynamics manufactures and upfits commercial work truck attachments and equipment for snow and ice control, it sells attachments, related parts, and municipal products through two business segments, Work Truck Attachments and Work Truck Solutions.

Winter demand is reflected in how much of the preseason shipping volume they get out in the second quarter, and in the mix of attachment shipments, which together drive sales timing and product mix.

Business quality (Mixed): Clear two-segment product focus, with results likely driven by preseason shipment timing and attachment mix into the winter season.

Valuation: At 24× earnings, PLOW trades 28% below the Machinery average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Segmented portfolio focused on snow and ice control attachments and municipal products: Products span light and heavy duty truck attachments, plus municipal snow and ice control products and upfits, which can support targeted demand across customer types.
  • Order and execution discipline tied to preseason shipping performance: A stated operating KPI is the Preseason Shipments Share in Second Quarter, indicating management tracks how much of seasonal demand is shipped early.

Bear case

  • Seasonality and shipping mix can swing performance: Multiple preseason mix KPIs for the second quarter suggest results are sensitive to shipment mix, not just volume.
  • Lower operating leverage risk if margins compress: With reported gross margin of 27.4% and operating margin of 7.2% for the latest period, incremental cost pressures could materially affect operating profit.
Valuation — source: SEC EDGAR (first-party)
Price$41.09
Market Cap$948.24M
P/E Ratio18.0
EV / EBITDA10.7
Price / Book3.16
Price / Sales1.36
FCF Yield5.2%
DCF Value (model)$28.44
DCF Upside vs Price-30.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$656.05M
Net Margin7.1%
Revenue Growth (YoY)10.5%
EPS Growth (YoY)-1.8%
FCF Growth (YoY)97.5%
Financial Health — source: SEC EDGAR
Altman Z-Score3.65 (safe)
Piotroski F-Score7/9 (strong)
Valuation vs Sector & Industry
Stock P/E18.0
Sector P/E (Industrials)25.9
Industry P/E (Machinery)32.3
vs Sector-30.3%
vs Industry-44.1%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderAllspring Global Investments Holdings, LLC ($88.22M)
Institutional Holders Tracked10
Company
SectorIndustrials
IndustryMachinery
CEOMark Van Genderen
Employees1,673
CountryUS
IPO Date2010-05-05

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PLOW earnings history · PLOW institutional & insider holders · PLOW KPIs & operating metrics · PLOW financials · PLOW investor presentations & press releases · PLOW SEC filings · PLOW peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.