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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) 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 $106.2M, roughly 1.7× GRID DYNAMICS HOLDINGS, INC.). DOUGLAS DYNAMICS, INC runs the higher net margin — 7.0% vs 0.3%, a 6.7% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs 5.9%). DOUGLAS DYNAMICS, INC produced more free cash flow last quarter ($92.8M vs $6.1M). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs 15.3%).
Escape Dynamics, Inc. was a Colorado-based technology company that operated 2010–2015 focused on bringing to market single-stage-to-orbit reusable electromagnetically powered spaceplanes.
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...
GDYN vs PLOW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $106.2M | $184.5M |
| Net Profit | $306.0K | $12.8M |
| Gross Margin | 34.0% | 26.1% |
| Operating Margin | 0.5% | 10.5% |
| Net Margin | 0.3% | 7.0% |
| Revenue YoY | 5.9% | 28.6% |
| Net Profit YoY | -93.2% | 62.3% |
| EPS (diluted) | $0.01 | $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 | $106.2M | $184.5M | ||
| Q3 25 | $104.2M | $162.1M | ||
| Q2 25 | $101.1M | $194.3M | ||
| Q1 25 | $100.4M | $115.1M | ||
| Q4 24 | $100.3M | $143.5M | ||
| Q3 24 | $87.4M | $129.4M | ||
| Q2 24 | $83.0M | $199.9M | ||
| Q1 24 | $79.8M | $95.7M |
| Q4 25 | $306.0K | $12.8M | ||
| Q3 25 | $1.2M | $8.0M | ||
| Q2 25 | $5.3M | $26.0M | ||
| Q1 25 | $2.9M | $148.0K | ||
| Q4 24 | $4.5M | $7.9M | ||
| Q3 24 | $4.3M | $32.3M | ||
| Q2 24 | $-817.0K | $24.3M | ||
| Q1 24 | $-3.9M | $-8.4M |
| Q4 25 | 34.0% | 26.1% | ||
| Q3 25 | 33.3% | 23.5% | ||
| Q2 25 | 34.1% | 31.0% | ||
| Q1 25 | 36.8% | 24.5% | ||
| Q4 24 | 36.9% | 24.9% | ||
| Q3 24 | 37.4% | 23.9% | ||
| Q2 24 | 35.6% | 30.7% | ||
| Q1 24 | 34.7% | 19.8% |
| Q4 25 | 0.5% | 10.5% | ||
| Q3 25 | -0.2% | 8.7% | ||
| Q2 25 | -0.1% | 19.0% | ||
| Q1 25 | -2.0% | 2.8% | ||
| Q4 24 | 1.3% | 9.0% | ||
| Q3 24 | 2.4% | 35.4% | ||
| Q2 24 | 0.0% | 18.2% | ||
| Q1 24 | -6.9% | -6.7% |
| Q4 25 | 0.3% | 7.0% | ||
| Q3 25 | 1.1% | 4.9% | ||
| Q2 25 | 5.2% | 13.4% | ||
| Q1 25 | 2.9% | 0.1% | ||
| Q4 24 | 4.5% | 5.5% | ||
| Q3 24 | 4.9% | 24.9% | ||
| Q2 24 | -1.0% | 12.2% | ||
| Q1 24 | -4.9% | -8.7% |
| Q4 25 | $0.01 | $0.54 | ||
| Q3 25 | $0.01 | $0.33 | ||
| Q2 25 | $0.06 | $1.09 | ||
| Q1 25 | $0.03 | $0.00 | ||
| Q4 24 | $0.06 | $0.35 | ||
| Q3 24 | $0.05 | $1.36 | ||
| Q2 24 | $-0.01 | $1.02 | ||
| Q1 24 | $-0.05 | $-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 | $342.1M | — |
| Total DebtLower is stronger | — | $144.0M |
| Stockholders' EquityBook value | $542.1M | $281.4M |
| Total Assets | $612.9M | $626.7M |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $342.1M | — | ||
| Q3 25 | $338.6M | — | ||
| Q2 25 | $336.8M | — | ||
| Q1 25 | $325.5M | — | ||
| Q4 24 | $334.7M | — | ||
| Q3 24 | $231.3M | — | ||
| Q2 24 | $256.0M | — | ||
| Q1 24 | $249.4M | — |
| Q4 25 | — | $144.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $147.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $542.1M | $281.4M | ||
| Q3 25 | $537.7M | $275.3M | ||
| Q2 25 | $532.2M | $273.3M | ||
| Q1 25 | $517.4M | $258.9M | ||
| Q4 24 | $517.8M | $264.2M | ||
| Q3 24 | $400.2M | $260.8M | ||
| Q2 24 | $388.4M | $236.7M | ||
| Q1 24 | $382.8M | $217.2M |
| Q4 25 | $612.9M | $626.7M | ||
| Q3 25 | $613.2M | $694.9M | ||
| Q2 25 | $608.9M | $671.5M | ||
| Q1 25 | $590.9M | $621.0M | ||
| Q4 24 | $592.2M | $590.0M | ||
| Q3 24 | $477.3M | $665.6M | ||
| Q2 24 | $443.6M | $617.0M | ||
| Q1 24 | $435.3M | $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 | $9.9M | $95.9M |
| Free Cash FlowOCF − Capex | $6.1M | $92.8M |
| FCF MarginFCF / Revenue | 5.7% | 50.3% |
| Capex IntensityCapex / Revenue | 3.6% | 1.7% |
| Cash ConversionOCF / Net Profit | 32.34× | 7.47× |
| TTM Free Cash FlowTrailing 4 quarters | $25.3M | $63.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.9M | $95.9M | ||
| Q3 25 | $7.0M | $-8.5M | ||
| Q2 25 | $14.4M | $-11.4M | ||
| Q1 25 | $9.4M | $-1.3M | ||
| Q4 24 | $7.1M | $74.4M | ||
| Q3 24 | $9.2M | $-14.2M | ||
| Q2 24 | $10.7M | $2.5M | ||
| Q1 24 | $3.2M | $-21.6M |
| Q4 25 | $6.1M | $92.8M | ||
| Q3 25 | $2.9M | $-11.4M | ||
| Q2 25 | $10.2M | $-14.3M | ||
| Q1 25 | $6.0M | $-3.5M | ||
| Q4 24 | $4.4M | $70.2M | ||
| Q3 24 | $5.9M | $-15.2M | ||
| Q2 24 | $8.0M | $836.0K | ||
| Q1 24 | $43.0K | $-22.4M |
| Q4 25 | 5.7% | 50.3% | ||
| Q3 25 | 2.8% | -7.1% | ||
| Q2 25 | 10.1% | -7.4% | ||
| Q1 25 | 6.0% | -3.0% | ||
| Q4 24 | 4.4% | 48.9% | ||
| Q3 24 | 6.8% | -11.8% | ||
| Q2 24 | 9.7% | 0.4% | ||
| Q1 24 | 0.1% | -23.4% |
| Q4 25 | 3.6% | 1.7% | ||
| Q3 25 | 3.9% | 1.8% | ||
| Q2 25 | 4.1% | 1.5% | ||
| Q1 25 | 3.3% | 1.9% | ||
| Q4 24 | 2.6% | 2.9% | ||
| Q3 24 | 3.7% | 0.8% | ||
| Q2 24 | 3.2% | 0.8% | ||
| Q1 24 | 4.0% | 0.8% |
| Q4 25 | 32.34× | 7.47× | ||
| Q3 25 | 5.92× | -1.07× | ||
| Q2 25 | 2.73× | -0.44× | ||
| Q1 25 | 3.21× | -9.03× | ||
| Q4 24 | 1.56× | 9.41× | ||
| Q3 24 | 2.15× | -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
GDYN
| Other | $30.6M | 29% |
| Technology Media And Telecom | $30.1M | 28% |
| Financial Service | $24.3M | 23% |
| Manufactured Product Other | $10.8M | 10% |
| Related Party | $7.6M | 7% |
| Health Care | $2.8M | 3% |
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
