vs
Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and DOUGLAS DYNAMICS, INC (PLOW). Click either name above to swap in a different company.
DOUGLAS DYNAMICS, INC is the larger business by last-quarter revenue ($184.5M vs $110.6M, roughly 1.7× American Assets Trust, Inc.). DOUGLAS DYNAMICS, INC runs the higher net margin — 7.0% vs 6.1%, a 0.9% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs 1.8%). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs -0.1%).
Personal Assets Trust is a large British investment trust. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The chairman is Iain Ferguson CBE.
General Dynamics Corporation (GD) is an American industrial and technology company based in Reston, Virginia. It is primarily a developer and producer of advanced military equipment of a wide variety, such as nuclear submarines, main battle tanks, and armoured fighting vehicles. It is also the manufacturer of the civilian aviation Gulfstream business jets and a provider of information technology services. The company is the 3rd largest of the top 100 contractors of the U.S. federal government...
AAT vs PLOW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $110.6M | $184.5M |
| Net Profit | $6.7M | $12.8M |
| Gross Margin | — | 26.1% |
| Operating Margin | 23.4% | 10.5% |
| Net Margin | 6.1% | 7.0% |
| Revenue YoY | 1.8% | 28.6% |
| Net Profit YoY | -16.3% | 62.3% |
| EPS (diluted) | $0.08 | $0.54 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $110.6M | — | ||
| Q4 25 | $110.1M | $184.5M | ||
| Q3 25 | $109.6M | $162.1M | ||
| Q2 25 | $107.9M | $194.3M | ||
| Q1 25 | $108.6M | $115.1M | ||
| Q4 24 | $113.5M | $143.5M | ||
| Q3 24 | $122.8M | $129.4M | ||
| Q2 24 | $110.9M | $199.9M |
| Q1 26 | $6.7M | — | ||
| Q4 25 | — | $12.8M | ||
| Q3 25 | $4.5M | $8.0M | ||
| Q2 25 | $5.5M | $26.0M | ||
| Q1 25 | $42.5M | $148.0K | ||
| Q4 24 | — | $7.9M | ||
| Q3 24 | $16.7M | $32.3M | ||
| Q2 24 | $11.9M | $24.3M |
| Q1 26 | — | — | ||
| Q4 25 | 59.4% | 26.1% | ||
| Q3 25 | 60.5% | 23.5% | ||
| Q2 25 | 62.6% | 31.0% | ||
| Q1 25 | 62.0% | 24.5% | ||
| Q4 24 | 61.3% | 24.9% | ||
| Q3 24 | 65.5% | 23.9% | ||
| Q2 24 | 63.6% | 30.7% |
| Q1 26 | 23.4% | — | ||
| Q4 25 | 21.1% | 10.5% | ||
| Q3 25 | 22.6% | 8.7% | ||
| Q2 25 | 24.1% | 19.0% | ||
| Q1 25 | 66.3% | 2.8% | ||
| Q4 24 | 26.5% | 9.0% | ||
| Q3 24 | 30.8% | 35.4% | ||
| Q2 24 | 27.8% | 18.2% |
| Q1 26 | 6.1% | — | ||
| Q4 25 | — | 7.0% | ||
| Q3 25 | 4.1% | 4.9% | ||
| Q2 25 | 5.1% | 13.4% | ||
| Q1 25 | 39.2% | 0.1% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | 13.6% | 24.9% | ||
| Q2 24 | 10.7% | 12.2% |
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.06 | $0.54 | ||
| Q3 25 | $0.07 | $0.33 | ||
| Q2 25 | $0.09 | $1.09 | ||
| Q1 25 | $0.70 | $0.00 | ||
| Q4 24 | $0.14 | $0.35 | ||
| Q3 24 | $0.28 | $1.36 | ||
| Q2 24 | $0.20 | $1.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $118.3M | — |
| Total DebtLower is stronger | — | $144.0M |
| Stockholders' EquityBook value | $1.1B | $281.4M |
| Total Assets | $2.9B | $626.7M |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $118.3M | — | ||
| Q4 25 | $129.4M | — | ||
| Q3 25 | $138.7M | — | ||
| Q2 25 | $143.7M | — | ||
| Q1 25 | $143.9M | — | ||
| Q4 24 | $425.7M | — | ||
| Q3 24 | $533.0M | — | ||
| Q2 24 | $114.9M | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $144.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.0B | $147.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.2B | $281.4M | ||
| Q3 25 | $1.2B | $275.3M | ||
| Q2 25 | $1.2B | $273.3M | ||
| Q1 25 | $1.2B | $258.9M | ||
| Q4 24 | $1.2B | $264.2M | ||
| Q3 24 | $1.2B | $260.8M | ||
| Q2 24 | $1.2B | $236.7M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $626.7M | ||
| Q3 25 | $2.9B | $694.9M | ||
| Q2 25 | $3.0B | $671.5M | ||
| Q1 25 | $3.0B | $621.0M | ||
| Q4 24 | $3.3B | $590.0M | ||
| Q3 24 | $3.4B | $665.6M | ||
| Q2 24 | $3.0B | $617.0M |
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | 0.51× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.72× | 0.56× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $95.9M |
| Free Cash FlowOCF − Capex | — | $92.8M |
| FCF MarginFCF / Revenue | — | 50.3% |
| Capex IntensityCapex / Revenue | 14.5% | 1.7% |
| Cash ConversionOCF / Net Profit | — | 7.47× |
| TTM Free Cash FlowTrailing 4 quarters | — | $63.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $167.1M | $95.9M | ||
| Q3 25 | $40.5M | $-8.5M | ||
| Q2 25 | $49.2M | $-11.4M | ||
| Q1 25 | $36.9M | $-1.3M | ||
| Q4 24 | $207.1M | $74.4M | ||
| Q3 24 | $52.4M | $-14.2M | ||
| Q2 24 | $59.3M | $2.5M |
| Q1 26 | — | — | ||
| Q4 25 | $94.9M | $92.8M | ||
| Q3 25 | $23.1M | $-11.4M | ||
| Q2 25 | $28.4M | $-14.3M | ||
| Q1 25 | $20.4M | $-3.5M | ||
| Q4 24 | $136.9M | $70.2M | ||
| Q3 24 | $28.0M | $-15.2M | ||
| Q2 24 | $43.6M | $836.0K |
| Q1 26 | — | — | ||
| Q4 25 | 86.2% | 50.3% | ||
| Q3 25 | 21.1% | -7.1% | ||
| Q2 25 | 26.3% | -7.4% | ||
| Q1 25 | 18.8% | -3.0% | ||
| Q4 24 | 120.7% | 48.9% | ||
| Q3 24 | 22.8% | -11.8% | ||
| Q2 24 | 39.3% | 0.4% |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 65.6% | 1.7% | ||
| Q3 25 | 15.9% | 1.8% | ||
| Q2 25 | 19.3% | 1.5% | ||
| Q1 25 | 15.1% | 1.9% | ||
| Q4 24 | 61.9% | 2.9% | ||
| Q3 24 | 19.9% | 0.8% | ||
| Q2 24 | 14.1% | 0.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.47× | ||
| Q3 25 | 8.98× | -1.07× | ||
| Q2 25 | 9.01× | -0.44× | ||
| Q1 25 | 0.87× | -9.03× | ||
| Q4 24 | — | 9.41× | ||
| Q3 24 | 3.15× | -0.44× | ||
| Q2 24 | 4.98× | 0.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAT
| Rental income | $104.4M | 94% |
| Other | $6.2M | 6% |
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
