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Side-by-side financial comparison of ESCO TECHNOLOGIES INC (ESE) and DOUGLAS DYNAMICS, INC (PLOW). Click either name above to swap in a different company.
ESCO TECHNOLOGIES INC is the larger business by last-quarter revenue ($289.7M vs $184.5M, roughly 1.6× DOUGLAS DYNAMICS, INC). ESCO TECHNOLOGIES INC runs the higher net margin — 9.9% vs 7.0%, a 2.9% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs 17.3%). DOUGLAS DYNAMICS, INC produced more free cash flow last quarter ($92.8M vs $63.0M). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs 7.8%).
Esco is a Singaporean brand that develops, manufactures, and sells products and services for laboratories.
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...
ESE vs PLOW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $289.7M | $184.5M |
| Net Profit | $28.7M | $12.8M |
| Gross Margin | 41.4% | 26.1% |
| Operating Margin | 13.2% | 10.5% |
| Net Margin | 9.9% | 7.0% |
| Revenue YoY | 17.3% | 28.6% |
| Net Profit YoY | 22.2% | 62.3% |
| EPS (diluted) | $1.11 | $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 | $289.7M | $184.5M | ||
| Q3 25 | $286.5M | $162.1M | ||
| Q2 25 | $296.3M | $194.3M | ||
| Q1 25 | $265.5M | $115.1M | ||
| Q4 24 | $247.0M | $143.5M | ||
| Q3 24 | $298.5M | $129.4M | ||
| Q2 24 | $260.8M | $199.9M | ||
| Q1 24 | $249.1M | $95.7M |
| Q4 25 | $28.7M | $12.8M | ||
| Q3 25 | $218.7M | $8.0M | ||
| Q2 25 | $26.1M | $26.0M | ||
| Q1 25 | $31.0M | $148.0K | ||
| Q4 24 | $23.5M | $7.9M | ||
| Q3 24 | $34.3M | $32.3M | ||
| Q2 24 | $29.2M | $24.3M | ||
| Q1 24 | $23.2M | $-8.4M |
| Q4 25 | 41.4% | 26.1% | ||
| Q3 25 | 45.9% | 23.5% | ||
| Q2 25 | 41.2% | 31.0% | ||
| Q1 25 | 41.1% | 24.5% | ||
| Q4 24 | 39.8% | 24.9% | ||
| Q3 24 | 40.1% | 23.9% | ||
| Q2 24 | 39.6% | 30.7% | ||
| Q1 24 | 38.8% | 19.8% |
| Q4 25 | 13.2% | 10.5% | ||
| Q3 25 | 17.2% | 8.7% | ||
| Q2 25 | 11.2% | 19.0% | ||
| Q1 25 | 15.3% | 2.8% | ||
| Q4 24 | 11.4% | 9.0% | ||
| Q3 24 | 14.8% | 35.4% | ||
| Q2 24 | 14.3% | 18.2% | ||
| Q1 24 | 11.7% | -6.7% |
| Q4 25 | 9.9% | 7.0% | ||
| Q3 25 | 76.3% | 4.9% | ||
| Q2 25 | 8.8% | 13.4% | ||
| Q1 25 | 11.7% | 0.1% | ||
| Q4 24 | 9.5% | 5.5% | ||
| Q3 24 | 11.5% | 24.9% | ||
| Q2 24 | 11.2% | 12.2% | ||
| Q1 24 | 9.3% | -8.7% |
| Q4 25 | $1.11 | $0.54 | ||
| Q3 25 | $8.43 | $0.33 | ||
| Q2 25 | $1.01 | $1.09 | ||
| Q1 25 | $1.20 | $0.00 | ||
| Q4 24 | $0.91 | $0.35 | ||
| Q3 24 | $1.32 | $1.36 | ||
| Q2 24 | $1.13 | $1.02 | ||
| Q1 24 | $0.90 | $-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 | $103.8M | — |
| Total DebtLower is stronger | $145.5M | $144.0M |
| Stockholders' EquityBook value | $1.6B | $281.4M |
| Total Assets | $2.4B | $626.7M |
| Debt / EquityLower = less leverage | 0.09× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $103.8M | — | ||
| Q3 25 | $101.3M | — | ||
| Q2 25 | $78.7M | — | ||
| Q1 25 | $57.4M | — | ||
| Q4 24 | $71.3M | — | ||
| Q3 24 | $66.0M | — | ||
| Q2 24 | $63.0M | — | ||
| Q1 24 | $59.4M | — |
| Q4 25 | $145.5M | $144.0M | ||
| Q3 25 | $186.0M | — | ||
| Q2 25 | $525.0M | — | ||
| Q1 25 | $88.0M | — | ||
| Q4 24 | $112.0M | $147.5M | ||
| Q3 24 | $122.0M | — | ||
| Q2 24 | $173.0M | — | ||
| Q1 24 | $191.0M | — |
| Q4 25 | $1.6B | $281.4M | ||
| Q3 25 | $1.5B | $275.3M | ||
| Q2 25 | $1.3B | $273.3M | ||
| Q1 25 | $1.3B | $258.9M | ||
| Q4 24 | $1.2B | $264.2M | ||
| Q3 24 | $1.2B | $260.8M | ||
| Q2 24 | $1.2B | $236.7M | ||
| Q1 24 | $1.2B | $217.2M |
| Q4 25 | $2.4B | $626.7M | ||
| Q3 25 | $2.4B | $694.9M | ||
| Q2 25 | $2.5B | $671.5M | ||
| Q1 25 | $1.8B | $621.0M | ||
| Q4 24 | $1.8B | $590.0M | ||
| Q3 24 | $1.8B | $665.6M | ||
| Q2 24 | $1.8B | $617.0M | ||
| Q1 24 | $1.8B | $577.1M |
| Q4 25 | 0.09× | 0.51× | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.40× | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | 0.09× | 0.56× | ||
| Q3 24 | 0.10× | — | ||
| Q2 24 | 0.14× | — | ||
| Q1 24 | 0.16× | — |
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 | $68.9M | $95.9M |
| Free Cash FlowOCF − Capex | $63.0M | $92.8M |
| FCF MarginFCF / Revenue | 21.7% | 50.3% |
| Capex IntensityCapex / Revenue | 2.0% | 1.7% |
| Cash ConversionOCF / Net Profit | 2.40× | 7.47× |
| TTM Free Cash FlowTrailing 4 quarters | $239.6M | $63.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $68.9M | $95.9M | ||
| Q3 25 | $109.9M | $-8.5M | ||
| Q2 25 | $73.7M | $-11.4M | ||
| Q1 25 | $24.1M | $-1.3M | ||
| Q4 24 | $34.2M | $74.4M | ||
| Q3 24 | $72.1M | $-14.2M | ||
| Q2 24 | $36.2M | $2.5M | ||
| Q1 24 | $10.5M | $-21.6M |
| Q4 25 | $63.0M | $92.8M | ||
| Q3 25 | $97.8M | $-11.4M | ||
| Q2 25 | $64.9M | $-14.3M | ||
| Q1 25 | $14.0M | $-3.5M | ||
| Q4 24 | $29.0M | $70.2M | ||
| Q3 24 | $60.9M | $-15.2M | ||
| Q2 24 | $27.6M | $836.0K | ||
| Q1 24 | $2.0M | $-22.4M |
| Q4 25 | 21.7% | 50.3% | ||
| Q3 25 | 34.1% | -7.1% | ||
| Q2 25 | 21.9% | -7.4% | ||
| Q1 25 | 5.3% | -3.0% | ||
| Q4 24 | 11.7% | 48.9% | ||
| Q3 24 | 20.4% | -11.8% | ||
| Q2 24 | 10.6% | 0.4% | ||
| Q1 24 | 0.8% | -23.4% |
| Q4 25 | 2.0% | 1.7% | ||
| Q3 25 | 4.2% | 1.8% | ||
| Q2 25 | 3.0% | 1.5% | ||
| Q1 25 | 3.8% | 1.9% | ||
| Q4 24 | 2.1% | 2.9% | ||
| Q3 24 | 3.8% | 0.8% | ||
| Q2 24 | 3.3% | 0.8% | ||
| Q1 24 | 3.4% | 0.8% |
| Q4 25 | 2.40× | 7.47× | ||
| Q3 25 | 0.50× | -1.07× | ||
| Q2 25 | 2.83× | -0.44× | ||
| Q1 25 | 0.78× | -9.03× | ||
| Q4 24 | 1.46× | 9.41× | ||
| Q3 24 | 2.10× | -0.44× | ||
| Q2 24 | 1.24× | 0.10× | ||
| Q1 24 | 0.45× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESE
| US Government | $98.0M | 34% |
| Utility Solutions Group | $87.5M | 30% |
| RF Shielding And Test | $58.3M | 20% |
| Commercial | $45.8M | 16% |
| Related Party | $1.3M | 0% |
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
