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Side-by-side financial comparison of FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) 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 $107.5M, roughly 1.7× FEDERAL AGRICULTURAL MORTGAGE CORP). On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs 6.1%). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs 7.1%).
The Federal Agricultural Mortgage Corporation, also known as Farmer Mac, is a stockholder-owned, federally chartered corporation established by the U.S. Congress in 1988 under the Agricultural Credit Act of 1987. It was created to establish a secondary market for agricultural real estate and housing mortgage loans, to increase liquidity and the availability of long-term, stable credit for farmers, ranchers, and rural communities.
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...
AGM vs PLOW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $107.5M | $184.5M |
| Net Profit | — | $12.8M |
| Gross Margin | — | 26.1% |
| Operating Margin | 56.3% | 10.5% |
| Net Margin | — | 7.0% |
| Revenue YoY | 6.1% | 28.6% |
| Net Profit YoY | — | 62.3% |
| EPS (diluted) | $3.69 | $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.
| Q4 25 | $107.5M | $184.5M | ||
| Q3 25 | $104.0M | $162.1M | ||
| Q2 25 | $102.6M | $194.3M | ||
| Q1 25 | $94.3M | $115.1M | ||
| Q4 24 | $101.3M | $143.5M | ||
| Q3 24 | $90.3M | $129.4M | ||
| Q2 24 | $89.9M | $199.9M | ||
| Q1 24 | $93.7M | $95.7M |
| Q4 25 | — | $12.8M | ||
| Q3 25 | $55.0M | $8.0M | ||
| Q2 25 | $54.8M | $26.0M | ||
| Q1 25 | $49.7M | $148.0K | ||
| Q4 24 | $56.5M | $7.9M | ||
| Q3 24 | $49.8M | $32.3M | ||
| Q2 24 | $47.1M | $24.3M | ||
| Q1 24 | $53.7M | $-8.4M |
| Q4 25 | — | 26.1% | ||
| Q3 25 | — | 23.5% | ||
| Q2 25 | — | 31.0% | ||
| Q1 25 | — | 24.5% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 30.7% | ||
| Q1 24 | — | 19.8% |
| Q4 25 | 56.3% | 10.5% | ||
| Q3 25 | 64.1% | 8.7% | ||
| Q2 25 | 63.8% | 19.0% | ||
| Q1 25 | 66.9% | 2.8% | ||
| Q4 24 | 67.5% | 9.0% | ||
| Q3 24 | 69.0% | 35.4% | ||
| Q2 24 | 65.9% | 18.2% | ||
| Q1 24 | 72.8% | -6.7% |
| Q4 25 | — | 7.0% | ||
| Q3 25 | 52.9% | 4.9% | ||
| Q2 25 | 53.4% | 13.4% | ||
| Q1 25 | 52.6% | 0.1% | ||
| Q4 24 | 55.8% | 5.5% | ||
| Q3 24 | 55.2% | 24.9% | ||
| Q2 24 | 52.4% | 12.2% | ||
| Q1 24 | 57.4% | -8.7% |
| Q4 25 | $3.69 | $0.54 | ||
| Q3 25 | $4.44 | $0.33 | ||
| Q2 25 | $4.48 | $1.09 | ||
| Q1 25 | $4.01 | $0.00 | ||
| Q4 24 | $4.62 | $0.35 | ||
| Q3 24 | $3.86 | $1.36 | ||
| Q2 24 | $3.68 | $1.02 | ||
| Q1 24 | $4.28 | $-0.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $30.8B | $144.0M |
| Stockholders' EquityBook value | $1.7B | $281.4M |
| Total Assets | $35.4B | $626.7M |
| Debt / EquityLower = less leverage | 17.93× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $842.1M | — | ||
| Q2 24 | $923.0M | — | ||
| Q1 24 | $745.1M | — |
| Q4 25 | $30.8B | $144.0M | ||
| Q3 25 | $29.2B | — | ||
| Q2 25 | $28.9B | — | ||
| Q1 25 | $28.0B | — | ||
| Q4 24 | $27.5B | $147.5M | ||
| Q3 24 | $27.2B | — | ||
| Q2 24 | $26.8B | — | ||
| Q1 24 | $26.8B | — |
| Q4 25 | $1.7B | $281.4M | ||
| Q3 25 | $1.7B | $275.3M | ||
| Q2 25 | $1.5B | $273.3M | ||
| Q1 25 | $1.5B | $258.9M | ||
| Q4 24 | $1.5B | $264.2M | ||
| Q3 24 | $1.5B | $260.8M | ||
| Q2 24 | $1.5B | $236.7M | ||
| Q1 24 | $1.5B | $217.2M |
| Q4 25 | $35.4B | $626.7M | ||
| Q3 25 | $33.4B | $694.9M | ||
| Q2 25 | $33.0B | $671.5M | ||
| Q1 25 | $31.8B | $621.0M | ||
| Q4 24 | $31.3B | $590.0M | ||
| Q3 24 | $30.6B | $665.6M | ||
| Q2 24 | $30.2B | $617.0M | ||
| Q1 24 | $29.8B | $577.1M |
| Q4 25 | 17.93× | 0.51× | ||
| Q3 25 | 17.31× | — | ||
| Q2 25 | 18.70× | — | ||
| Q1 25 | 18.39× | — | ||
| Q4 24 | 18.48× | 0.56× | ||
| Q3 24 | 18.60× | — | ||
| Q2 24 | 17.87× | — | ||
| Q1 24 | 18.11× | — |
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 | $80.1M | $95.9M |
| Free Cash FlowOCF − Capex | — | $92.8M |
| FCF MarginFCF / Revenue | — | 50.3% |
| Capex IntensityCapex / Revenue | 0.0% | 1.7% |
| Cash ConversionOCF / Net Profit | — | 7.47× |
| TTM Free Cash FlowTrailing 4 quarters | — | $63.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.1M | $95.9M | ||
| Q3 25 | $74.2M | $-8.5M | ||
| Q2 25 | $-47.7M | $-11.4M | ||
| Q1 25 | $-49.8M | $-1.3M | ||
| Q4 24 | $612.6M | $74.4M | ||
| Q3 24 | $-44.4M | $-14.2M | ||
| Q2 24 | $56.1M | $2.5M | ||
| Q1 24 | $233.3M | $-21.6M |
| Q4 25 | — | $92.8M | ||
| Q3 25 | — | $-11.4M | ||
| Q2 25 | — | $-14.3M | ||
| Q1 25 | — | $-3.5M | ||
| Q4 24 | $607.4M | $70.2M | ||
| Q3 24 | $-44.4M | $-15.2M | ||
| Q2 24 | $52.6M | $836.0K | ||
| Q1 24 | $231.7M | $-22.4M |
| Q4 25 | — | 50.3% | ||
| Q3 25 | — | -7.1% | ||
| Q2 25 | — | -7.4% | ||
| Q1 25 | — | -3.0% | ||
| Q4 24 | 599.8% | 48.9% | ||
| Q3 24 | -49.2% | -11.8% | ||
| Q2 24 | 58.5% | 0.4% | ||
| Q1 24 | 247.3% | -23.4% |
| Q4 25 | 0.0% | 1.7% | ||
| Q3 25 | 0.0% | 1.8% | ||
| Q2 25 | 0.0% | 1.5% | ||
| Q1 25 | 0.0% | 1.9% | ||
| Q4 24 | 5.2% | 2.9% | ||
| Q3 24 | 0.1% | 0.8% | ||
| Q2 24 | 4.0% | 0.8% | ||
| Q1 24 | 1.7% | 0.8% |
| Q4 25 | — | 7.47× | ||
| Q3 25 | 1.35× | -1.07× | ||
| Q2 25 | -0.87× | -0.44× | ||
| Q1 25 | -1.00× | -9.03× | ||
| Q4 24 | 10.84× | 9.41× | ||
| Q3 24 | -0.89× | -0.44× | ||
| Q2 24 | 1.19× | 0.10× | ||
| Q1 24 | 4.34× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AGM
Segment breakdown not available.
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
