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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#353
Positioning
Market Dominance
Manufacturing
Machinery
$720M
Robert L. McCormick
Douglas Dynamics, Inc. operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light trucks and heavy duty trucks. Work Truck Solutions segment primarily manufactures municipal snow, ice control products; provides truck and vehicle upfits; storage solutions for trucks and vans.
Headcount
1.8K
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Dates updated upon official exchange announcement.
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X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = PLOW ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$UL UNILEVER PLC | 78 | 96 | 98 | 59 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ASML ASML HOLDING NV | 77 | 89 | 86 | 83 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ESLT ELBIT SYSTEMS LTD | 76 | 81 | 87 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$MT ArcelorMittal | 75 | 71 | 98 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$AMAT APPLIED MATERIALS INC /DE | 75 | 85 | 87 | 84 | 20.9x | 13.6x | 32.9% | 20.5% | 48.8% | 30.6% | 24.4% | 7.7% | 0.9% | 32.0x | $148.6B | VS | |
$SIMO Silicon Motion Technology CORP | 75 | 84 | 86 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$CODA Coda Octopus Group, Inc. | 74 | 83 | 90 | 79 | 16.3x | 11.9x | 7.4% | 7.5% | 68.3% | 19.5% | 18.2% | 29.0% | 0.0% | 0.0x | $84M | VS | |
$GSK GSK plc | 74 | 84 | 90 | 70 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$EFXT Enerflex Ltd. | 74 | 80 | 91 | 83 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$BUD Anheuser-Busch InBev SA/NV | 74 | 84 | 97 | 63 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$PLOW DOUGLAS DYNAMICS, INC | 64 | 58 | 71 | 71 | 14.9x | 8.5x | 24.1% | 9.5% | 25.7% | 16.5% | 10.8% | -18.9% | 3.8% | 152.0x | $720M | ||
| SECTOR BENCH | - | - | - | - | - | 22.3x | 11.5x | -1.9% | 0.9% | 44.1% | 2.5% | 1.0% | 6.7% | 0.0% | 0.2x | - | REF |
DOUGLAS DYNAMICS, INC (PLOW) receives a "Hold" rating with a composite score of 63.9/100. It ranks #353 out of 7,333 stocks in our coverage universe and carries a 3-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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HQ Base
MILWAUKEE, Wisconsin
Outperforming peers — winners tend to keep winning over 3-12 months
Trading at a discount to fundamentals — favorable entry valuation
Average quality profile
Low volatility — smoother ride and historically better risk-adjusted returns
Moderate investment profile
Mid-range overall rating
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Relative valuation derived from Manufacturing sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
Projection based on user-defined inputs. Re-calculated daily against current market data.
Reverse DCF Framework — Mauboussin Methodology
Institutional-grade Reverse DCF analysis. This model identifies the growth hurdles embedded in current market prices. When implied growth is significantly lower than historical or projected rates, a margin of safety may exist. Re-audited daily.
No analyst ratings for PLOW.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 58 | 59 | -1NEUTRAL |
| MOMENTUM | 71 | 75 | -4NEUTRAL |
| VALUATION | 71 | 72 | -1NEUTRAL |
| INVESTMENT | 39 | 74 | -35DRAG |
| STABILITY | 91 | 95 | -4NEUTRAL |
| SHORT INT | 45 | 42 | +3NEUTRAL |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROIC 5.9% vs WACC 8.8% (spread -2.9%)
GM 26% vs sector 44%, OM 16% vs sector 3%
Capital turnover 0.82x
Rev growth -19%, 10yr history
Interest coverage N/A, Net debt/EBITDA 11.1x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate DOUGLAS DYNAMICS, INC (PLOW) as a Hold with a composite score of 63.9/100 at a current price of $44.45. The stock presents a mixed quantitative picture — neither compelling enough to warrant new accumulation nor weak enough to justify selling.
DOUGLAS DYNAMICS, INC holds a top-quartile position (#0 of 50) within the Manufacturing sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 63.9/100 places it at rank #353 in our full universe.
The near-term outlook is constructive, with revenue growing at -19% and momentum in the 71th percentile confirming positive market sentiment. The combination of strong top-line growth and favorable price dynamics suggests the company is executing well on its growth strategy.
No Moat
Medium
Standard
Undervalued
Returns on equity of 24.1% exceed cost of capital.
Value factor score of 71 suggests attractive pricing.
Positive momentum indicates institutional accumulation.
Leverage of 152% D/E amplifies downside risk.
Vulnerability to macroeconomic shocks and interest rate volatility.
DOUGLAS DYNAMICS, INC represents a hold based on multi-factor quantitative performance.
Our model assigns DOUGLAS DYNAMICS, INC a Hold rating, with a composite score of 63.9/100 and 3 out of 5 stars. Ranked #353 of 7,333 stocks, PLOW presents a mixed quantitative picture — neither compelling enough to initiate new positions nor weak enough to warrant selling. Investors already holding may consider maintaining their position while monitoring for changes in the factor profile.
With a quality score of 58/100, PLOW shows adequate but unremarkable business quality. The company reports a return on equity of 24.1% (sector avg: -1.9%), gross margins of 25.7% (sector avg: 44.1%), net margins of 10.8% (sector avg: 1.0%). This suggests the company generates acceptable returns but may lack the competitive positioning or operational efficiency to stand out from peers.
PLOW carries a solid value score of 71/100, pointing to an attractively priced stock relative to peers. Key valuation metrics include a P/E ratio of 14.87x, an EV/EBITDA of 8.51x, a P/B ratio of 3.58x. This score suggests reasonable compensation for the risks involved, with potential upside if the market recognizes the stock's underlying worth.
DOUGLAS DYNAMICS, INC's investment score of 39/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of -18.9% vs. a sector average of 6.7% and a return on assets of 9.5% (sector: 0.9%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
PLOW shows strong momentum characteristics with a score of 71/100. The stock has been trending above key moving averages, indicating solid demand from institutional buyers. Revenue growth stands at -18.9% year-over-year, while a beta of 0.66 reflects its sensitivity to broader market moves. This level of momentum typically signals sustained investor confidence and favorable near-term price action.
DOUGLAS DYNAMICS, INC earns an excellent stability score of 91/100, reflecting low price volatility and a conservatively managed balance sheet. Key stability metrics include a beta of 0.66 and a debt-to-equity ratio of 152.00x (sector avg: 0.2x). Stocks with this level of stability tend to act as portfolio anchors, providing downside protection during market corrections while still participating in broad market advances.
The short interest score of 45/100 for PLOW suggests somewhat elevated bearish positioning by institutional traders. Specific risk factors include elevated leverage (D/E: 152.00x), small-cap liquidity risk. With a $720M market cap (small-cap), DOUGLAS DYNAMICS, INC may experience above-average volatility. Investors should consider whether the short thesis has merit or if it creates a potential short-squeeze opportunity.
PLOW pays a solid dividend yield of 3.8%, contributing an income component to total returns. This moderate yield suggests a balance between returning capital to shareholders and retaining earnings for reinvestment — a common profile among quality compounders.
DOUGLAS DYNAMICS, INC is a small-cap company in the Manufacturing sector, ranked #0 of 50 in its sector (100th percentile) and #353 of 7,333 overall (95th percentile). Key comparisons include ROE of 24.1% exceeding the -1.9% sector median and operating margins of 16.5% above the 2.5% sector average. This top-quartile standing reflects exceptional competitive strength relative to Manufacturing peers.
While PLOW currently exhibits a HOLD profile, superior opportunities exist within the MANUFACTURING sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Manufacturing Alpha →Quant Factor Profile
Key factor gap
Stability (91) vs Investment (39) — closing this gap could shift the rating.
EV/EBITDA 26% BELOW SECTOR MEDIAN (FAVORABLE)
ROE 1368% BELOW SECTOR MEDIAN
Gross Margin 42% BELOW SECTOR MEDIAN
Above 50MA
37.18%
Net New Highs
+51081
Douglas Dynamics (PLOW) Q4 2025 earnings call recap: record sales, margin gains, and 2026 guidance above $700M plus Venco deal insights—read now.
Douglas Dynamics (PLOW) has wrapped up FY 2025 with fourth quarter revenue of US$184.5 million and basic EPS of US$0.56, alongside trailing twelve month revenue of US$656.1 million and EPS of US$2.03 that frame the latest numbers in a fuller context. The company has seen quarterly revenue range from US$115.1 million to US$194.3 million and quarterly EPS move between roughly US$0.01 and US$1.10 over FY 2025, giving investors a clear view of how earnings power tracks with seasonal revenue...
Douglas Dynamics Inc (PLOW) reports a robust 29% increase in fourth-quarter net sales, driven by strategic initiatives and favorable weather conditions.
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