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Side-by-side financial comparison of BANC OF CALIFORNIA, INC. (BANC) and DOUGLAS DYNAMICS, INC (PLOW). Click either name above to swap in a different company.

BANC OF CALIFORNIA, INC. is the larger business by last-quarter revenue ($286.9M vs $184.5M, roughly 1.6× DOUGLAS DYNAMICS, INC). BANC OF CALIFORNIA, INC. runs the higher net margin — 25.1% vs 7.0%, a 18.1% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs 7.9%). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs -23.7%).

Banc of California is an American bank with 80 branches in California, as well as locations in Denver, Colorado, and Durham, North Carolina. The bank is headquartered in Los Angeles, California, with about 2,000 employees nationwide including in New York and Chicago. Banc of California offers a broad range of loan and deposit products and services, focusing on providing banking and treasury management services to small-, middle-market, and venture-backed businesses.

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...

BANC vs PLOW — Head-to-Head

Bigger by revenue
BANC
BANC
1.6× larger
BANC
$286.9M
$184.5M
PLOW
Growing faster (revenue YoY)
PLOW
PLOW
+20.7% gap
PLOW
28.6%
7.9%
BANC
Higher net margin
BANC
BANC
18.1% more per $
BANC
25.1%
7.0%
PLOW
Faster 2-yr revenue CAGR
PLOW
PLOW
Annualised
PLOW
38.9%
-23.7%
BANC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BANC
BANC
PLOW
PLOW
Revenue
$286.9M
$184.5M
Net Profit
$72.0M
$12.8M
Gross Margin
26.1%
Operating Margin
10.5%
Net Margin
25.1%
7.0%
Revenue YoY
7.9%
28.6%
Net Profit YoY
34.3%
62.3%
EPS (diluted)
$0.39
$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.

Revenue
BANC
BANC
PLOW
PLOW
Q1 26
$286.9M
Q4 25
$458.5M
$184.5M
Q3 25
$466.8M
$162.1M
Q2 25
$453.1M
$194.3M
Q1 25
$440.3M
$115.1M
Q4 24
$453.5M
$143.5M
Q3 24
$431.4M
$129.4M
Q2 24
$492.4M
$199.9M
Net Profit
BANC
BANC
PLOW
PLOW
Q1 26
$72.0M
Q4 25
$77.4M
$12.8M
Q3 25
$69.6M
$8.0M
Q2 25
$28.4M
$26.0M
Q1 25
$53.6M
$148.0K
Q4 24
$56.9M
$7.9M
Q3 24
$8.8M
$32.3M
Q2 24
$30.3M
$24.3M
Gross Margin
BANC
BANC
PLOW
PLOW
Q1 26
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%
Operating Margin
BANC
BANC
PLOW
PLOW
Q1 26
Q4 25
21.8%
10.5%
Q3 25
19.8%
8.7%
Q2 25
10.6%
19.0%
Q1 25
16.6%
2.8%
Q4 24
15.5%
9.0%
Q3 24
2.7%
35.4%
Q2 24
9.1%
18.2%
Net Margin
BANC
BANC
PLOW
PLOW
Q1 26
25.1%
Q4 25
16.9%
7.0%
Q3 25
14.9%
4.9%
Q2 25
6.3%
13.4%
Q1 25
12.2%
0.1%
Q4 24
12.6%
5.5%
Q3 24
2.0%
24.9%
Q2 24
6.2%
12.2%
EPS (diluted)
BANC
BANC
PLOW
PLOW
Q1 26
$0.39
Q4 25
$0.41
$0.54
Q3 25
$0.38
$0.33
Q2 25
$0.12
$1.09
Q1 25
$0.26
$0.00
Q4 24
$0.29
$0.35
Q3 24
$-0.01
$1.36
Q2 24
$0.12
$1.02

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BANC
BANC
PLOW
PLOW
Cash + ST InvestmentsLiquidity on hand
$2.2B
Total DebtLower is stronger
$144.0M
Stockholders' EquityBook value
$3.6B
$281.4M
Total Assets
$34.7B
$626.7M
Debt / EquityLower = less leverage
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BANC
BANC
PLOW
PLOW
Q1 26
$2.2B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Total Debt
BANC
BANC
PLOW
PLOW
Q1 26
Q4 25
$2.1B
$144.0M
Q3 25
$2.0B
Q2 25
$1.9B
Q1 25
$1.7B
Q4 24
$1.4B
$147.5M
Q3 24
$1.6B
Q2 24
$1.4B
Stockholders' Equity
BANC
BANC
PLOW
PLOW
Q1 26
$3.6B
Q4 25
$3.5B
$281.4M
Q3 25
$3.5B
$275.3M
Q2 25
$3.4B
$273.3M
Q1 25
$3.5B
$258.9M
Q4 24
$3.5B
$264.2M
Q3 24
$3.5B
$260.8M
Q2 24
$3.4B
$236.7M
Total Assets
BANC
BANC
PLOW
PLOW
Q1 26
$34.7B
Q4 25
$34.8B
$626.7M
Q3 25
$34.0B
$694.9M
Q2 25
$34.3B
$671.5M
Q1 25
$33.8B
$621.0M
Q4 24
$33.5B
$590.0M
Q3 24
$33.4B
$665.6M
Q2 24
$35.2B
$617.0M
Debt / Equity
BANC
BANC
PLOW
PLOW
Q1 26
Q4 25
0.58×
0.51×
Q3 25
0.58×
Q2 25
0.56×
Q1 25
0.47×
Q4 24
0.40×
0.56×
Q3 24
0.46×
Q2 24
0.42×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BANC
BANC
PLOW
PLOW
Operating Cash FlowLast quarter
$95.9M
Free Cash FlowOCF − Capex
$92.8M
FCF MarginFCF / Revenue
50.3%
Capex IntensityCapex / Revenue
1.7%
Cash ConversionOCF / Net Profit
7.47×
TTM Free Cash FlowTrailing 4 quarters
$63.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BANC
BANC
PLOW
PLOW
Q1 26
Q4 25
$255.6M
$95.9M
Q3 25
$75.7M
$-8.5M
Q2 25
$62.7M
$-11.4M
Q1 25
$15.1M
$-1.3M
Q4 24
$77.4M
$74.4M
Q3 24
$46.9M
$-14.2M
Q2 24
$39.1M
$2.5M
Free Cash Flow
BANC
BANC
PLOW
PLOW
Q1 26
Q4 25
$234.8M
$92.8M
Q3 25
$75.5M
$-11.4M
Q2 25
$61.4M
$-14.3M
Q1 25
$13.6M
$-3.5M
Q4 24
$64.3M
$70.2M
Q3 24
$44.6M
$-15.2M
Q2 24
$34.4M
$836.0K
FCF Margin
BANC
BANC
PLOW
PLOW
Q1 26
Q4 25
51.2%
50.3%
Q3 25
16.2%
-7.1%
Q2 25
13.6%
-7.4%
Q1 25
3.1%
-3.0%
Q4 24
14.2%
48.9%
Q3 24
10.3%
-11.8%
Q2 24
7.0%
0.4%
Capex Intensity
BANC
BANC
PLOW
PLOW
Q1 26
Q4 25
4.5%
1.7%
Q3 25
0.0%
1.8%
Q2 25
0.3%
1.5%
Q1 25
0.3%
1.9%
Q4 24
2.9%
2.9%
Q3 24
0.5%
0.8%
Q2 24
1.0%
0.8%
Cash Conversion
BANC
BANC
PLOW
PLOW
Q1 26
Q4 25
3.30×
7.47×
Q3 25
1.09×
-1.07×
Q2 25
2.21×
-0.44×
Q1 25
0.28×
-9.03×
Q4 24
1.36×
9.41×
Q3 24
5.34×
-0.44×
Q2 24
1.29×
0.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BANC
BANC

Segment breakdown not available.

PLOW
PLOW

Work Truck Solutions$101.5M55%
Transferred At Point In Time$83.1M45%

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