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Side-by-side financial comparison of CNH Industrial N.V. (CNH) and DOUGLAS DYNAMICS, INC (PLOW). Click either name above to swap in a different company.
CNH Industrial N.V. is the larger business by last-quarter revenue ($4.5B vs $184.5M, roughly 24.1× DOUGLAS DYNAMICS, INC). DOUGLAS DYNAMICS, INC runs the higher net margin — 7.0% vs 1.9%, a 5.0% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs 7.8%). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs 3.8%).
CNH Industrial N.V.CNHEarnings & Financial Report
CNH Industrial NV is an Italian-American multinational corporation with global headquarters in Basildon, United Kingdom, but controlled and mostly owned by the multinational investment company Exor, which in turn is controlled by the Agnelli family. Through its various businesses, CNH Industrial designs, produces, and sells agricultural machinery and construction equipment. Present in all major markets worldwide, CNH Industrial is focused on expanding its presence in high-growth markets, incl...
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...
CNH vs PLOW — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $4.5B | $184.5M |
| Net Profit | $86.0M | $12.8M |
| Gross Margin | 18.4% | 26.1% |
| Operating Margin | 3.0% | 10.5% |
| Net Margin | 1.9% | 7.0% |
| Revenue YoY | 7.8% | 28.6% |
| Net Profit YoY | -18.9% | 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 | $4.5B | $184.5M | ||
| Q3 25 | $3.7B | $162.1M | ||
| Q2 25 | $4.0B | $194.3M | ||
| Q1 25 | $3.2B | $115.1M | ||
| Q4 24 | $4.1B | $143.5M | ||
| Q3 24 | $4.0B | $129.4M | ||
| Q2 24 | $4.8B | $199.9M | ||
| Q1 24 | $4.1B | $95.7M |
| Q4 25 | $86.0M | $12.8M | ||
| Q3 25 | $80.0M | $8.0M | ||
| Q2 25 | $213.0M | $26.0M | ||
| Q1 25 | $131.0M | $148.0K | ||
| Q4 24 | $106.0M | $7.9M | ||
| Q3 24 | $306.0M | $32.3M | ||
| Q2 24 | $433.0M | $24.3M | ||
| Q1 24 | $401.0M | $-8.4M |
| Q4 25 | 18.4% | 26.1% | ||
| Q3 25 | 19.1% | 23.5% | ||
| Q2 25 | 20.6% | 31.0% | ||
| Q1 25 | 19.0% | 24.5% | ||
| Q4 24 | 19.5% | 24.9% | ||
| Q3 24 | 21.7% | 23.9% | ||
| Q2 24 | 22.9% | 30.7% | ||
| Q1 24 | 22.7% | 19.8% |
| Q4 25 | 3.0% | 10.5% | ||
| Q3 25 | 1.4% | 8.7% | ||
| Q2 25 | 6.8% | 19.0% | ||
| Q1 25 | 5.1% | 2.8% | ||
| Q4 24 | 5.8% | 9.0% | ||
| Q3 24 | 9.6% | 35.4% | ||
| Q2 24 | 11.1% | 18.2% | ||
| Q1 24 | 11.6% | -6.7% |
| Q4 25 | 1.9% | 7.0% | ||
| Q3 25 | 2.2% | 4.9% | ||
| Q2 25 | 5.3% | 13.4% | ||
| Q1 25 | 4.1% | 0.1% | ||
| Q4 24 | 2.6% | 5.5% | ||
| Q3 24 | 7.7% | 24.9% | ||
| Q2 24 | 9.0% | 12.2% | ||
| Q1 24 | 9.7% | -8.7% |
| Q4 25 | $0.08 | $0.54 | ||
| Q3 25 | $0.06 | $0.33 | ||
| Q2 25 | $0.17 | $1.09 | ||
| Q1 25 | $0.10 | $0.00 | ||
| Q4 24 | $0.10 | $0.35 | ||
| Q3 24 | $0.24 | $1.36 | ||
| Q2 24 | $0.34 | $1.02 | ||
| Q1 24 | $0.31 | $-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 | $2.6B | — |
| Total DebtLower is stronger | — | $144.0M |
| Stockholders' EquityBook value | $7.8B | $281.4M |
| Total Assets | $42.7B | $626.7M |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.5B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $3.2B | — |
| Q4 25 | — | $144.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $147.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $7.8B | $281.4M | ||
| Q3 25 | $7.8B | $275.3M | ||
| Q2 25 | $7.8B | $273.3M | ||
| Q1 25 | $7.9B | $258.9M | ||
| Q4 24 | $7.7B | $264.2M | ||
| Q3 24 | $7.7B | $260.8M | ||
| Q2 24 | $7.6B | $236.7M | ||
| Q1 24 | $8.0B | $217.2M |
| Q4 25 | $42.7B | $626.7M | ||
| Q3 25 | $43.3B | $694.9M | ||
| Q2 25 | $43.7B | $671.5M | ||
| Q1 25 | $42.1B | $621.0M | ||
| Q4 24 | $42.9B | $590.0M | ||
| Q3 24 | $44.0B | $665.6M | ||
| Q2 24 | $44.0B | $617.0M | ||
| Q1 24 | $45.7B | $577.1M |
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.56× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $945.0M | $95.9M |
| Free Cash FlowOCF − Capex | — | $92.8M |
| FCF MarginFCF / Revenue | — | 50.3% |
| Capex IntensityCapex / Revenue | — | 1.7% |
| Cash ConversionOCF / Net Profit | 10.99× | 7.47× |
| TTM Free Cash FlowTrailing 4 quarters | — | $63.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $945.0M | $95.9M | ||
| Q3 25 | $659.0M | $-8.5M | ||
| Q2 25 | $772.0M | $-11.4M | ||
| Q1 25 | $162.0M | $-1.3M | ||
| Q4 24 | $1.7B | $74.4M | ||
| Q3 24 | $791.0M | $-14.2M | ||
| Q2 24 | $379.0M | $2.5M | ||
| Q1 24 | $-894.0M | $-21.6M |
| Q4 25 | — | $92.8M | ||
| Q3 25 | — | $-11.4M | ||
| Q2 25 | — | $-14.3M | ||
| Q1 25 | — | $-3.5M | ||
| Q4 24 | — | $70.2M | ||
| Q3 24 | — | $-15.2M | ||
| Q2 24 | — | $836.0K | ||
| Q1 24 | — | $-22.4M |
| Q4 25 | — | 50.3% | ||
| Q3 25 | — | -7.1% | ||
| Q2 25 | — | -7.4% | ||
| Q1 25 | — | -3.0% | ||
| Q4 24 | — | 48.9% | ||
| Q3 24 | — | -11.8% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | -23.4% |
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 0.8% |
| Q4 25 | 10.99× | 7.47× | ||
| Q3 25 | 8.24× | -1.07× | ||
| Q2 25 | 3.62× | -0.44× | ||
| Q1 25 | 1.24× | -9.03× | ||
| Q4 24 | 15.96× | 9.41× | ||
| Q3 24 | 2.58× | -0.44× | ||
| Q2 24 | 0.88× | 0.10× | ||
| Q1 24 | -2.23× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CNH
| Agricultural Equipment Segment | $3.6B | 81% |
| Construction Equipment Segment | $853.0M | 19% |
| Services | $18.0M | 0% |
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
