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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) 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 $162.5M, roughly 1.1× Bitcoin Depot Inc.). DOUGLAS DYNAMICS, INC runs the higher net margin — 7.0% vs 3.4%, a 3.5% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs 20.1%). DOUGLAS DYNAMICS, INC produced more free cash flow last quarter ($92.8M vs $2.5M). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs -4.9%).
Bitcoin Depot Inc. is one of the largest cryptocurrency ATM operators across North America. It provides retail consumers with accessible in-person kiosks to buy and sell Bitcoin and other leading digital assets, alongside online crypto purchase services via bank transfer. Its self-service kiosks are located in high-traffic retail spaces including grocery stores, gas stations and convenience stores.
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...
BTM vs PLOW — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $162.5M | $184.5M |
| Net Profit | $5.5M | $12.8M |
| Gross Margin | — | 26.1% |
| Operating Margin | 7.3% | 10.5% |
| Net Margin | 3.4% | 7.0% |
| Revenue YoY | 20.1% | 28.6% |
| Net Profit YoY | 690.4% | 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.
| Q4 25 | — | $184.5M | ||
| Q3 25 | $162.5M | $162.1M | ||
| Q2 25 | $172.1M | $194.3M | ||
| Q1 25 | $164.2M | $115.1M | ||
| Q4 24 | — | $143.5M | ||
| Q3 24 | $135.3M | $129.4M | ||
| Q2 24 | $163.1M | $199.9M | ||
| Q1 24 | $138.5M | $95.7M |
| Q4 25 | — | $12.8M | ||
| Q3 25 | $5.5M | $8.0M | ||
| Q2 25 | $6.1M | $26.0M | ||
| Q1 25 | $4.2M | $148.0K | ||
| Q4 24 | — | $7.9M | ||
| Q3 24 | $-939.0K | $32.3M | ||
| Q2 24 | $-2.6M | $24.3M | ||
| Q1 24 | $-1.5M | $-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 | — | 10.5% | ||
| Q3 25 | 7.3% | 8.7% | ||
| Q2 25 | 9.2% | 19.0% | ||
| Q1 25 | 10.8% | 2.8% | ||
| Q4 24 | — | 9.0% | ||
| Q3 24 | 4.1% | 35.4% | ||
| Q2 24 | 4.7% | 18.2% | ||
| Q1 24 | 0.5% | -6.7% |
| Q4 25 | — | 7.0% | ||
| Q3 25 | 3.4% | 4.9% | ||
| Q2 25 | 3.5% | 13.4% | ||
| Q1 25 | 2.6% | 0.1% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | -0.7% | 24.9% | ||
| Q2 24 | -1.6% | 12.2% | ||
| Q1 24 | -1.1% | -8.7% |
| Q4 25 | — | $0.54 | ||
| Q3 25 | $0.08 | $0.33 | ||
| Q2 25 | $0.16 | $1.09 | ||
| Q1 25 | $0.20 | $0.00 | ||
| Q4 24 | — | $0.35 | ||
| Q3 24 | $-0.05 | $1.36 | ||
| Q2 24 | $-0.13 | $1.02 | ||
| Q1 24 | $-0.25 | $-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 | $59.3M | — |
| Total DebtLower is stronger | $67.5M | $144.0M |
| Stockholders' EquityBook value | $21.0M | $281.4M |
| Total Assets | $125.3M | $626.7M |
| Debt / EquityLower = less leverage | 3.21× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $59.3M | — | ||
| Q2 25 | $48.0M | — | ||
| Q1 25 | $35.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $32.2M | — | ||
| Q2 24 | $43.9M | — | ||
| Q1 24 | $42.2M | — |
| Q4 25 | — | $144.0M | ||
| Q3 25 | $67.5M | — | ||
| Q2 25 | $66.5M | — | ||
| Q1 25 | $56.2M | — | ||
| Q4 24 | — | $147.5M | ||
| Q3 24 | $44.5M | — | ||
| Q2 24 | $41.2M | — | ||
| Q1 24 | $37.6M | — |
| Q4 25 | — | $281.4M | ||
| Q3 25 | $21.0M | $275.3M | ||
| Q2 25 | $4.7M | $273.3M | ||
| Q1 25 | $-4.6M | $258.9M | ||
| Q4 24 | — | $264.2M | ||
| Q3 24 | $-7.9M | $260.8M | ||
| Q2 24 | $4.4M | $236.7M | ||
| Q1 24 | $5.0M | $217.2M |
| Q4 25 | — | $626.7M | ||
| Q3 25 | $125.3M | $694.9M | ||
| Q2 25 | $109.1M | $671.5M | ||
| Q1 25 | $89.7M | $621.0M | ||
| Q4 24 | — | $590.0M | ||
| Q3 24 | $87.4M | $665.6M | ||
| Q2 24 | $97.5M | $617.0M | ||
| Q1 24 | $90.1M | $577.1M |
| Q4 25 | — | 0.51× | ||
| Q3 25 | 3.21× | — | ||
| Q2 25 | 14.18× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.56× | ||
| Q3 24 | — | — | ||
| Q2 24 | 9.27× | — | ||
| Q1 24 | 7.54× | — |
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 | $6.6M | $95.9M |
| Free Cash FlowOCF − Capex | $2.5M | $92.8M |
| FCF MarginFCF / Revenue | 1.6% | 50.3% |
| Capex IntensityCapex / Revenue | 2.5% | 1.7% |
| Cash ConversionOCF / Net Profit | 1.20× | 7.47× |
| TTM Free Cash FlowTrailing 4 quarters | $27.1M | $63.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $95.9M | ||
| Q3 25 | $6.6M | $-8.5M | ||
| Q2 25 | $10.2M | $-11.4M | ||
| Q1 25 | $16.3M | $-1.3M | ||
| Q4 24 | — | $74.4M | ||
| Q3 24 | $5.8M | $-14.2M | ||
| Q2 24 | $10.1M | $2.5M | ||
| Q1 24 | $1.3M | $-21.6M |
| Q4 25 | — | $92.8M | ||
| Q3 25 | $2.5M | $-11.4M | ||
| Q2 25 | $9.8M | $-14.3M | ||
| Q1 25 | $15.9M | $-3.5M | ||
| Q4 24 | — | $70.2M | ||
| Q3 24 | $-1.0M | $-15.2M | ||
| Q2 24 | $7.6M | $836.0K | ||
| Q1 24 | $789.0K | $-22.4M |
| Q4 25 | — | 50.3% | ||
| Q3 25 | 1.6% | -7.1% | ||
| Q2 25 | 5.7% | -7.4% | ||
| Q1 25 | 9.7% | -3.0% | ||
| Q4 24 | — | 48.9% | ||
| Q3 24 | -0.8% | -11.8% | ||
| Q2 24 | 4.7% | 0.4% | ||
| Q1 24 | 0.6% | -23.4% |
| Q4 25 | — | 1.7% | ||
| Q3 25 | 2.5% | 1.8% | ||
| Q2 25 | 0.2% | 1.5% | ||
| Q1 25 | 0.2% | 1.9% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | 5.0% | 0.8% | ||
| Q2 24 | 1.5% | 0.8% | ||
| Q1 24 | 0.4% | 0.8% |
| Q4 25 | — | 7.47× | ||
| Q3 25 | 1.20× | -1.07× | ||
| Q2 25 | 1.67× | -0.44× | ||
| Q1 25 | 3.88× | -9.03× | ||
| Q4 24 | — | 9.41× | ||
| Q3 24 | — | -0.44× | ||
| Q2 24 | — | 0.10× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BTM
Segment breakdown not available.
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
