DOUGLAS DYNAMICS, INC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $656.1M | $568.5M | $568.2M | $616.1M | $541.5M |
| Cost of revenue | $481.4M | $421.7M | $433.9M | $464.6M | $399.6M |
| Gross profit | $174.7M | $146.8M | $134.3M | $151.5M | $141.9M |
| Selling, general & administrative | $94.9M | $91.7M | $78.8M | $82.2M | $78.8M |
| Research and development | $7.7M | $8.4M | $10.1M | $12.2M | $10.2M |
| Operating income | $73.6M | $88.7M | $44.9M | $58.8M | $51.1M |
| Pretax income | $61.5M | $73.9M | $29.2M | $47.4M | $34.6M |
| Income tax expense | $14.6M | $17.7M | $5.5M | $8.8M | $3.9M |
| Net income | $46.9M | $56.2M | $23.7M | $38.6M | $30.7M |
| Balance Sheet | |||||
| Current assets | $266.0M | $238.2M | $262.2M | $252.9M | $220.4M |
| Total assets | $626.7M | $590.0M | $593.4M | $596.9M | $572.5M |
| Current liabilities | $95.8M | $70.2M | $118.5M | $100.4M | $81.9M |
| Stockholders' equity | $281.4M | $264.2M | $231.6M | $237.1M | $214.6M |
| Cash Flow Statement | |||||
| Cash from operations | $74.7M | $41.1M | $12.5M | $40.0M | $60.5M |
| Depreciation and amortization | $15.4M | $17.9M | $21.7M | $20.9M | $20.3M |
| Stock-based compensation | $6.7M | $4.9M | $953,000 | $6.7M | $5.8M |
| Capital expenditure | $10.8M | $7.8M | $9.8M | $12.4M | $11.9M |
| Free cash flow | $63.9M | $33.4M | $2.7M | $27.6M | $48.7M |
| Dividends paid | $27.9M | $27.5M | $27.4M | $27.0M | $26.5M |
| Share repurchases | $6.0M | $0 | $0 | $6.0M | $0 |
| Impairments | $0 | $1.2M | $0 | $0 | $1.2M |
Shares outstanding 23.1M · Free float 98.5%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.