Financials Douglas Dynamics, Inc.

Stocks

PLOW

US25960R1059

Heavy Machinery & Vehicles

Real-time Estimate Cboe BZX Other stock markets 22:49:56 12/06/2026 +04			5-day change	1st Jan Change
47.08 ^USD	+0.57%		+5.96%	+44.29%

06-05	Douglas Dynamics, Inc. Declares Quarterly Cash Dividend for the Second Quarter of 2026, Payable on June 30, 2026	CI
06-05	Douglas Dynamics Keeps Quarterly Dividend at $0.295 per Share, Payable June 30 to Holders of Record on June 16	MT

Projected Income Statement: Douglas Dynamics, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	541.5	616.1	568.2	568.5	656.1	770.5	798.8	825
Change	-	13.78%	-7.77%	0.06%	15.4%	17.44%	3.67%	3.28%
EBITDA ¹	79.54	86.78	68.12	79.35	97.91	116.3	125.2	138
Change	-	9.11%	-21.5%	16.48%	23.39%	18.79%	7.65%	10.22%
EBIT ¹	53.43	59.11	44.91	88.71	73.61	92.5	102.1	114
Change	-	10.64%	-24.03%	97.53%	-17.02%	25.67%	10.34%	11.69%
Interest Paid ¹	-11.84	-11.25	-15.68	-15.26	-12.11	-9.9	-8.9	-
Earnings before Tax (EBT) ¹	34.59	47.36	29.23	73.89	61.51	83.4	93.75	-
Change	-	36.93%	-38.27%	152.76%	-16.76%	35.6%	12.41%	-
Net income ¹	30.69	38.61	23.72	56.15	46.9	63.4	70.8	-
Change	-	25.8%	-38.56%	136.69%	-16.48%	35.19%	11.67%	-
Announcement Date	21/02/22	20/02/23	26/02/24	24/02/25	23/02/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	157.5	127.6	152.9	102.6	187.6	166.1	159.8	82.5	207.3	144.1	134.2	95.66	199.9	129.4	143.5	115.1	194.3	162.1	184.5	137.8	224.3	209.9	198.4	135.3	244.8	211.1	206
Change	-	-18.98%	19.83%	-32.92%	82.81%	-11.44%	-3.79%	-48.37%	151.23%	-30.47%	-6.85%	-28.75%	108.98%	-35.27%	10.94%	-19.84%	68.88%	-16.57%	13.83%	-25.33%	62.78%	-6.42%	-5.47%	-31.8%	80.92%	-13.76%	-2.43%
EBITDA ¹	33.49	15.49	19.9	4.636	34.1	25.13	22.91	-7.374	43.26	17.31	14.92	1.534	43.7	15.33	18.79	9.431	42.62	20.08	25.77	16.81	43.1	27.77	28.73	13.67	53.15	26.85	31.85
Change	-	-53.75%	28.45%	-76.7%	635.59%	-26.31%	-8.83%	-132.19%	686.67%	-59.98%	-13.81%	-89.72%	2,748.44%	-64.91%	22.56%	-49.81%	351.88%	-52.87%	28.32%	-34.78%	156.38%	-35.58%	3.48%	-52.44%	288.9%	-49.48%	18.62%
EBIT ¹	24.24	10.46	15.05	-2.453	25.74	19.39	16.43	-13.8	34.56	11.5	12.64	-6.422	36.3	45.86	12.97	3.202	37	14.08	19.33	9.913	37.57	22	23	8.2	47.4	21	25.95
Change	-	-56.83%	43.81%	-116.3%	1,149.53%	-24.69%	-15.25%	-183.96%	350.5%	-66.72%	9.94%	-150.79%	665.29%	26.31%	-71.71%	-75.32%	1,055.37%	-61.93%	37.23%	-48.71%	278.96%	-41.44%	4.55%	-64.35%	478.05%	-55.7%	23.57%
Charge d'intérêts ¹	-4.372	-2.167	-2.325	-2.113	-2.473	-3.266	-3.401	-2.864	-3.736	-4.607	-4.468	-3.524	-4.123	-4.469	-3.144	-2.384	-2.973	-3.762	-2.995	-2.062	-2.55	-2.9	-2.4	-1.8	-2.3	-2.6	-2.2
Earnings before Tax (EBT) ¹	14.92	8.234	10.77	-4.925	23.09	16.18	13.02	-16.63	30.74	6.929	8.195	-9.943	32.13	41.74	9.967	0.49	34.14	10.41	16.46	7.895	33.3	20.6	21.65	6.5	45.1	18.4	23.8
Change	-	-44.81%	30.8%	-145.73%	568.83%	-29.95%	-19.5%	-227.69%	284.87%	-77.46%	18.27%	-221.33%	423.11%	29.92%	-76.12%	-95.08%	6,868.37%	-69.51%	58.08%	-52.03%	321.79%	-38.14%	5.1%	-69.98%	593.85%	-59.2%	29.35%
Net income ¹	14.1	7.03	8.816	-3.908	17.72	13.28	11.51	-13.11	23.96	5.792	7.077	-8.352	24.34	32.26	7.907	0.148	25.95	7.96	12.84	6.376	25.15	15.55	16.35	4.9	34.05	13.9	18
Change	-	-50.15%	25.41%	-144.33%	553.56%	-25.08%	-13.31%	-213.88%	282.79%	-75.83%	22.19%	-218.02%	391.4%	32.54%	-75.49%	-98.13%	17,436.49%	-69.33%	61.24%	-50.32%	294.45%	-38.17%	5.14%	-70.03%	594.9%	-59.18%	29.5%
Announcement Date	02/08/21	01/11/21	21/02/22	02/05/22	01/08/22	31/10/22	20/02/23	17/04/23	31/07/23	30/10/23	26/02/24	29/04/24	29/07/24	28/10/24	24/02/25	05/05/25	04/08/25	03/11/25	23/02/26	04/05/26	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Douglas Dynamics, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt	180	186	211	-	-	-	-	-
Change	-	3.33%	13.44%	-	-	-	-	-
Announcement Date	21/02/22	20/02/23	26/02/24	24/02/25	23/02/26	-	-	-

Estimates

Cash Flow Forecast: Douglas Dynamics, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	11.21	12.05	10.52	7.81	11.13	15.7	15.9
Change	-	7.49%	-12.67%	-25.77%	42.55%	41.02%	1.27%
Free Cash Flow (FCF) ¹	49.33	27.98	1.948	33.32	63.56	55.4	71.9
Change	-	-43.27%	-93.04%	1,610.52%	90.74%	-12.83%	29.78%
Announcement Date	21/02/22	20/02/23	26/02/24	24/02/25	23/02/26	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Douglas Dynamics, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	14.69%	14.09%	11.99%	13.96%	14.92%	15.09%	15.67%	16.73%
EBIT Margin (%)	9.87%	9.6%	7.9%	15.6%	11.22%	12.01%	12.78%	13.82%
EBT Margin (%)	6.39%	7.69%	5.15%	13%	9.38%	10.82%	11.74%	-
Net margin (%)	5.67%	6.27%	4.18%	9.88%	7.15%	8.23%	8.86%	-
FCF margin (%)	9.11%	4.54%	0.34%	5.86%	9.69%	7.19%	9%	-
FCF / Net Income (%)	160.72%	72.48%	8.21%	59.34%	135.52%	87.38%	101.55%	-
Profitability
ROA	6.84%	-	-	-	7.71%	-	-	-
ROE	18.99%	19.27%	10.4%	14.19%	17.19%	19.2%	19%	-
Financial Health
Leverage (Debt/EBITDA)	2.27x	2.14x	3.1x	-	-	-	-	-
Debt / Free cash flow	3.65x	6.64x	108.37x	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	2.07%	1.96%	1.85%	1.37%	1.7%	2.04%	1.99%	-
CAPEX / EBITDA (%)	14.09%	13.88%	15.44%	9.84%	11.37%	13.5%	12.7%	-
CAPEX / FCF (%)	22.72%	43.05%	540.09%	23.44%	17.52%	28.34%	22.11%	-
Items per share
Cash flow per share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Dividend per Share ¹	1.14	1.16	1.18	1.18	1.18	1.18	1.18	-
Change	-	1.75%	1.72%	0%	0%	0%	0%	-
Book Value Per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EPS ¹	1.29	1.63	0.98	2.36	1.96	2.647	2.93	-
Change	-	26.36%	-39.88%	140.82%	-16.95%	35.03%	10.71%	-
Nbr of stocks (in thousands)	22,981	22,887	22,984	23,094	23,041	23,125	23,125	-
Announcement Date	21/02/22	20/02/23	26/02/24	24/02/25	23/02/26	-	-	-