Douglas Dynamics, Inc.

PLOWNYSEConsumer Cyclical● Active

$44.99

+$0.53(+1.19%)

Market Cap$1.0B

P/E Ratio—

52W High$52.33

52W Low$27.32

Avg Volume233K

Open$44.86

Beta1.23

Free Cash Flow Financials Revenue

Douglas Dynamics, Inc. (PLOW) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

PLOW · free cash flow · updated Jun 8, 2026

Core FCF metrics

PLOW · FCF · TTM · margin & CAGR

Free cash flow was $63.6M for FY2025 (fiscal year ending 2025-12-31), up 90.7% year-over-year The FCF margin was 9.7%. Five-year CAGR stands at +10.3%.

FY2025 Free Cash Flow$63.6M▲ +90.7% YoY

Trailing 12M (TTM)−$4.09BTrailing 4Q sum · TTM negative vs latest FY positive

FCF Margin9.7%$63.6M ÷ revenue

3-Year CAGR+31.4%FY2022 → FY2025

5-Year CAGR+10.3%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

PLOW · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$74.4M(11M)$63.6M▲ +90.7%9.7%

FY2024$41.1M(8M)$33.3M▲ +1610.5%5.9%

FY2023$12.5M(11M)$1.9M▼ 93.0%0.3%

FY2022$40.0M(12M)$28.0M▼ 43.3%4.5%

FY2021$60.5M(11M)$49.3M▲ +26.9%9.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

PLOW · P/FCF · FCF yield · FCF per share

Douglas Dynamics, Inc. (PLOW) valuation ratios are currently unavailable — market cap, share count, or TTM data could not be retrieved from our data provider.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

Valuation ratios are unavailable — market cap, share count, or TTM data could not be retrieved. Individual metrics are shown where available.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

PLOW · cash flow statement · operating / investing / financing

For FY2025, Douglas Dynamics, Inc. generated $74.4M in operating cash flow and spent 11M in capital expenditures, yielding $63.6M in free cash flow.

Operating Activities

+$74.4M

Cash from core business operations

2025-12-31

Investing Activities

−$37.5M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$33.8M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($74.4M) − |CapEx| (11M) = FCF ($63.6M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

PLOW vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Douglas Dynamics, Inc.YOU

PLOW

$63.6M+90.7%9.7%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Douglas Dynamics, Inc. (PLOW) reported free cash flow of $63.6M for FY2025 (fiscal year ending 2025-12-31), up 90.7% year-over-year. The FCF margin was 9.7%.

Based on available data, Douglas Dynamics, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $65.8M in FY2019. The 5-year CAGR stands at +10.3%.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

PLOW free cash flow · 8 questions

Douglas Dynamics, Inc. free cash flow was $63.6M for FY2025, up 90.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$4.09B.

PLOW free cash flowPLOW FCFPLOW FCF 2025PLOW free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Douglas Dynamics, Inc. · Douglas Dynamics, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026