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Side-by-side financial comparison of FIRST COMMONWEALTH FINANCIAL CORP (FCF) 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 $133.7M, roughly 1.4× FIRST COMMONWEALTH FINANCIAL CORP). FIRST COMMONWEALTH FINANCIAL CORP runs the higher net margin — 28.1% vs 7.0%, a 21.1% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs 13.0%). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs 5.5%).
First Commonwealth Financial Corp is a Pennsylvania-based regional financial services holding company. It offers consumer and commercial banking products, loans, wealth management, and insurance services for individuals, small and mid-sized enterprises across central and western Pennsylvania and Ohio.
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...
FCF vs PLOW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $133.7M | $184.5M |
| Net Profit | $37.5M | $12.8M |
| Gross Margin | — | 26.1% |
| Operating Margin | — | 10.5% |
| Net Margin | 28.1% | 7.0% |
| Revenue YoY | 13.0% | 28.6% |
| Net Profit YoY | 14.8% | 62.3% |
| EPS (diluted) | $0.37 | $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.
| Q1 26 | $133.7M | — | ||
| Q4 25 | $137.9M | $184.5M | ||
| Q3 25 | $136.0M | $162.1M | ||
| Q2 25 | $131.0M | $194.3M | ||
| Q1 25 | $118.0M | $115.1M | ||
| Q4 24 | $120.4M | $143.5M | ||
| Q3 24 | $121.2M | $129.4M | ||
| Q2 24 | $120.2M | $199.9M |
| Q1 26 | $37.5M | — | ||
| Q4 25 | $44.9M | $12.8M | ||
| Q3 25 | $41.3M | $8.0M | ||
| Q2 25 | $33.4M | $26.0M | ||
| Q1 25 | $32.7M | $148.0K | ||
| Q4 24 | $35.8M | $7.9M | ||
| Q3 24 | $32.1M | $32.3M | ||
| Q2 24 | $37.1M | $24.3M |
| 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% |
| Q1 26 | — | — | ||
| Q4 25 | 40.9% | 10.5% | ||
| Q3 25 | 38.1% | 8.7% | ||
| Q2 25 | 32.1% | 19.0% | ||
| Q1 25 | 34.8% | 2.8% | ||
| Q4 24 | 37.1% | 9.0% | ||
| Q3 24 | 33.4% | 35.4% | ||
| Q2 24 | 38.7% | 18.2% |
| Q1 26 | 28.1% | — | ||
| Q4 25 | 32.5% | 7.0% | ||
| Q3 25 | 30.4% | 4.9% | ||
| Q2 25 | 25.5% | 13.4% | ||
| Q1 25 | 27.7% | 0.1% | ||
| Q4 24 | 29.8% | 5.5% | ||
| Q3 24 | 26.5% | 24.9% | ||
| Q2 24 | 30.9% | 12.2% |
| Q1 26 | $0.37 | — | ||
| Q4 25 | $0.44 | $0.54 | ||
| Q3 25 | $0.39 | $0.33 | ||
| Q2 25 | $0.32 | $1.09 | ||
| Q1 25 | $0.32 | $0.00 | ||
| Q4 24 | $0.35 | $0.35 | ||
| Q3 24 | $0.31 | $1.36 | ||
| Q2 24 | $0.36 | $1.02 |
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 | $154.9M | $144.0M |
| Stockholders' EquityBook value | $1.6B | $281.4M |
| Total Assets | $12.3B | $626.7M |
| Debt / EquityLower = less leverage | 0.10× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $154.9M | — | ||
| Q4 25 | $261.7M | $144.0M | ||
| Q3 25 | $262.1M | — | ||
| Q2 25 | $262.4M | — | ||
| Q1 25 | $262.7M | — | ||
| Q4 24 | $263.0M | $147.5M | ||
| Q3 24 | $136.3M | — | ||
| Q2 24 | $136.6M | — |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $281.4M | ||
| Q3 25 | $1.5B | $275.3M | ||
| Q2 25 | $1.5B | $273.3M | ||
| Q1 25 | $1.4B | $258.9M | ||
| Q4 24 | $1.4B | $264.2M | ||
| Q3 24 | $1.4B | $260.8M | ||
| Q2 24 | $1.4B | $236.7M |
| Q1 26 | $12.3B | — | ||
| Q4 25 | $12.3B | $626.7M | ||
| Q3 25 | $12.3B | $694.9M | ||
| Q2 25 | $12.2B | $671.5M | ||
| Q1 25 | $11.8B | $621.0M | ||
| Q4 24 | $11.6B | $590.0M | ||
| Q3 24 | $12.0B | $665.6M | ||
| Q2 24 | $11.6B | $617.0M |
| Q1 26 | 0.10× | — | ||
| Q4 25 | 0.17× | 0.51× | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 0.19× | 0.56× | ||
| Q3 24 | 0.10× | — | ||
| Q2 24 | 0.10× | — |
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 | — | $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.
| Q1 26 | — | — | ||
| Q4 25 | $187.5M | $95.9M | ||
| Q3 25 | $49.5M | $-8.5M | ||
| Q2 25 | $30.4M | $-11.4M | ||
| Q1 25 | $55.9M | $-1.3M | ||
| Q4 24 | $129.5M | $74.4M | ||
| Q3 24 | $53.6M | $-14.2M | ||
| Q2 24 | $22.7M | $2.5M |
| Q1 26 | — | — | ||
| Q4 25 | $171.5M | $92.8M | ||
| Q3 25 | — | $-11.4M | ||
| Q2 25 | — | $-14.3M | ||
| Q1 25 | — | $-3.5M | ||
| Q4 24 | $113.9M | $70.2M | ||
| Q3 24 | — | $-15.2M | ||
| Q2 24 | — | $836.0K |
| Q1 26 | — | — | ||
| Q4 25 | 124.3% | 50.3% | ||
| Q3 25 | — | -7.1% | ||
| Q2 25 | — | -7.4% | ||
| Q1 25 | — | -3.0% | ||
| Q4 24 | 94.6% | 48.9% | ||
| Q3 24 | — | -11.8% | ||
| Q2 24 | — | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 1.7% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | 12.9% | 2.9% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.8% |
| Q1 26 | — | — | ||
| Q4 25 | 4.18× | 7.47× | ||
| Q3 25 | 1.20× | -1.07× | ||
| Q2 25 | 0.91× | -0.44× | ||
| Q1 25 | 1.71× | -9.03× | ||
| Q4 24 | 3.61× | 9.41× | ||
| Q3 24 | 1.67× | -0.44× | ||
| Q2 24 | 0.61× | 0.10× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FCF
Segment breakdown not available.
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
