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Douglas Dynamics PLOW Work Truck Solutions — Adjusted EBITDA

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Other financials

Income statement

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Revenue$137.8M+19.8%
Gross profit$18.9M+67.8%
Operating income-$6.4M+53.5%
Net income$6.4M+4,208%
EPS (diluted)-$0.37+36.2%

Balance sheet

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Cash & equivalents$5.2M-28.0%
Total debt$89.7M+9.6%
Total equity$279.4M+7.9%
Total assets$630.3M+1.5%

Cash flow

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Operating cash flow-$994.0K+25.7%
CapEx$3.2M+46.3%
Free cash flow-$4.2M-18.8%

Valuation

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Market cap$1.04B+44.0%
Enterprise value$1.12B+36.3%
P/E19.5×+8.6×
P/S1.5×+0.3×

Profitability

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Gross margin25.3%
Operating margin8.2%
Net margin7.8%-3.2pp
FCF margin9.3%+0.3pp

Returns & leverage

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Return on equity19.7%-7.4pp
Debt / equity0.3×0.0×
Current ratio2.7×+0.3×

Where this comes from

Reported directly by Douglas Dynamics in its filing.

Tagged under the XBRL concept plow:AdjustedEBITDA.

The source filing: Douglas Dynamics’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:01 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001437749-26-014867
Line itemThree Months Ended / March 31, 2026Three Months Ended / March 31, 2025
$94,645$82,249
Adjusted EBITDA
Work Truck Attachments$7,663$327
Work Truck Solutions9,1489,104
$16,811$9,431
Depreciation and amortization expense
Work Truck Attachments$1,897$1,950
Work Truck Solutions1,9591,873

Item 1. Financial Statements

FAQ

What is Douglas Dynamics's work truck solutions — adjusted EBITDA?
Douglas Dynamics (PLOW) reported work truck solutions — adjusted EBITDA of $9.15M in Q1 2026.
How has Douglas Dynamics's work truck solutions — adjusted EBITDA changed year-over-year?
Douglas Dynamics's work truck solutions — adjusted EBITDA increased by 0.5% year-over-year, from $9.1M to $9.15M.
What is the long-term trend for Douglas Dynamics's work truck solutions — adjusted EBITDA?
Over 3 years (2022 to 2025), Douglas Dynamics's work truck solutions — adjusted EBITDA has grown at a 69.5% compound annual growth rate (CAGR), from $8.57M to $41.7M.
What does work truck solutions — adjusted EBITDA mean?
This is a non-GAAP measure of the segment's operating profitability, calculated by adjusting earnings for interest, taxes, depreciation, and amortization, as well as other non-recurring or non-cash items. It is used to evaluate the core operational performance and cash-generating capability of the segment.

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