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Side-by-side financial comparison of FULTON FINANCIAL CORP (FULT) and DOUGLAS DYNAMICS, INC (PLOW). Click either name above to swap in a different company.

FULTON FINANCIAL CORP is the larger business by last-quarter revenue ($336.2M vs $184.5M, roughly 1.8× DOUGLAS DYNAMICS, INC). FULTON FINANCIAL CORP runs the higher net margin — 28.2% vs 7.0%, a 21.2% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs 4.2%). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs 0.2%).

Fulton Financial Corporation is an American regional financial services holding company, headquartered in Lancaster, Pennsylvania.

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...

FULT vs PLOW — Head-to-Head

Bigger by revenue
FULT
FULT
1.8× larger
FULT
$336.2M
$184.5M
PLOW
Growing faster (revenue YoY)
PLOW
PLOW
+24.4% gap
PLOW
28.6%
4.2%
FULT
Higher net margin
FULT
FULT
21.2% more per $
FULT
28.2%
7.0%
PLOW
Faster 2-yr revenue CAGR
PLOW
PLOW
Annualised
PLOW
38.9%
0.2%
FULT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FULT
FULT
PLOW
PLOW
Revenue
$336.2M
$184.5M
Net Profit
$94.8M
$12.8M
Gross Margin
26.1%
Operating Margin
10.5%
Net Margin
28.2%
7.0%
Revenue YoY
4.2%
28.6%
Net Profit YoY
1.9%
62.3%
EPS (diluted)
$0.55
$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
FULT
FULT
PLOW
PLOW
Q1 26
$336.2M
Q4 25
$336.0M
$184.5M
Q3 25
$334.6M
$162.1M
Q2 25
$324.1M
$194.3M
Q1 25
$318.4M
$115.1M
Q4 24
$319.6M
$143.5M
Q3 24
$317.7M
$129.4M
Q2 24
$334.7M
$199.9M
Net Profit
FULT
FULT
PLOW
PLOW
Q1 26
$94.8M
Q4 25
$99.0M
$12.8M
Q3 25
$100.5M
$8.0M
Q2 25
$99.2M
$26.0M
Q1 25
$93.0M
$148.0K
Q4 24
$68.6M
$7.9M
Q3 24
$63.2M
$32.3M
Q2 24
$95.0M
$24.3M
Gross Margin
FULT
FULT
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
FULT
FULT
PLOW
PLOW
Q1 26
Q4 25
35.7%
10.5%
Q3 25
38.2%
8.7%
Q2 25
37.8%
19.0%
Q1 25
36.1%
2.8%
Q4 24
27.0%
9.0%
Q3 24
25.1%
35.4%
Q2 24
30.8%
18.2%
Net Margin
FULT
FULT
PLOW
PLOW
Q1 26
28.2%
Q4 25
29.5%
7.0%
Q3 25
30.0%
4.9%
Q2 25
30.6%
13.4%
Q1 25
29.2%
0.1%
Q4 24
21.5%
5.5%
Q3 24
19.9%
24.9%
Q2 24
28.4%
12.2%
EPS (diluted)
FULT
FULT
PLOW
PLOW
Q1 26
$0.55
Q4 25
$0.53
$0.54
Q3 25
$0.53
$0.33
Q2 25
$0.53
$1.09
Q1 25
$0.49
$0.00
Q4 24
$0.36
$0.35
Q3 24
$0.33
$1.36
Q2 24
$0.52
$1.02

Balance Sheet & Financial Strength

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

Metric
FULT
FULT
PLOW
PLOW
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$144.0M
Stockholders' EquityBook value
$3.5B
$281.4M
Total Assets
$32.2B
$626.7M
Debt / EquityLower = less leverage
0.51×

8-quarter trend — quarters aligned by calendar period.

Total Debt
FULT
FULT
PLOW
PLOW
Q1 26
Q4 25
$144.0M
Q3 25
Q2 25
Q1 25
Q4 24
$147.5M
Q3 24
Q2 24
Stockholders' Equity
FULT
FULT
PLOW
PLOW
Q1 26
$3.5B
Q4 25
$3.5B
$281.4M
Q3 25
$3.4B
$275.3M
Q2 25
$3.3B
$273.3M
Q1 25
$3.3B
$258.9M
Q4 24
$3.2B
$264.2M
Q3 24
$3.2B
$260.8M
Q2 24
$3.1B
$236.7M
Total Assets
FULT
FULT
PLOW
PLOW
Q1 26
$32.2B
Q4 25
$32.1B
$626.7M
Q3 25
$32.0B
$694.9M
Q2 25
$32.0B
$671.5M
Q1 25
$32.1B
$621.0M
Q4 24
$32.1B
$590.0M
Q3 24
$32.2B
$665.6M
Q2 24
$31.8B
$617.0M
Debt / Equity
FULT
FULT
PLOW
PLOW
Q1 26
Q4 25
0.51×
Q3 25
Q2 25
Q1 25
Q4 24
0.56×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
FULT
FULT
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
FULT
FULT
PLOW
PLOW
Q1 26
Q4 25
$304.5M
$95.9M
Q3 25
$116.1M
$-8.5M
Q2 25
$91.7M
$-11.4M
Q1 25
$703.0K
$-1.3M
Q4 24
$416.6M
$74.4M
Q3 24
$-22.0M
$-14.2M
Q2 24
$157.8M
$2.5M
Free Cash Flow
FULT
FULT
PLOW
PLOW
Q1 26
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
FCF Margin
FULT
FULT
PLOW
PLOW
Q1 26
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%
Capex Intensity
FULT
FULT
PLOW
PLOW
Q1 26
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%
Cash Conversion
FULT
FULT
PLOW
PLOW
Q1 26
Q4 25
3.08×
7.47×
Q3 25
1.16×
-1.07×
Q2 25
0.92×
-0.44×
Q1 25
0.01×
-9.03×
Q4 24
6.07×
9.41×
Q3 24
-0.35×
-0.44×
Q2 24
1.66×
0.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FULT
FULT

Segment breakdown not available.

PLOW
PLOW

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

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