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Side-by-side financial comparison of Granite Ridge Resources, Inc. (GRNT) 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 $105.5M, roughly 1.7× Granite Ridge Resources, Inc.). On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs -0.8%). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs 8.9%).

Granite Ridge Resources, Inc. is an independent upstream energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It operates low-cost, high-yield onshore hydrocarbon assets across key U.S. basins, primarily serving North American energy markets.

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...

GRNT vs PLOW — Head-to-Head

Bigger by revenue
PLOW
PLOW
1.7× larger
PLOW
$184.5M
$105.5M
GRNT
Growing faster (revenue YoY)
PLOW
PLOW
+29.3% gap
PLOW
28.6%
-0.8%
GRNT
Faster 2-yr revenue CAGR
PLOW
PLOW
Annualised
PLOW
38.9%
8.9%
GRNT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GRNT
GRNT
PLOW
PLOW
Revenue
$105.5M
$184.5M
Net Profit
$12.8M
Gross Margin
26.1%
Operating Margin
-34.5%
10.5%
Net Margin
7.0%
Revenue YoY
-0.8%
28.6%
Net Profit YoY
62.3%
EPS (diluted)
$-0.19
$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
GRNT
GRNT
PLOW
PLOW
Q4 25
$105.5M
$184.5M
Q3 25
$112.7M
$162.1M
Q2 25
$109.2M
$194.3M
Q1 25
$122.9M
$115.1M
Q4 24
$106.3M
$143.5M
Q3 24
$94.1M
$129.4M
Q2 24
$90.7M
$199.9M
Q1 24
$89.0M
$95.7M
Net Profit
GRNT
GRNT
PLOW
PLOW
Q4 25
$12.8M
Q3 25
$14.5M
$8.0M
Q2 25
$25.1M
$26.0M
Q1 25
$9.8M
$148.0K
Q4 24
$7.9M
Q3 24
$9.1M
$32.3M
Q2 24
$5.1M
$24.3M
Q1 24
$16.2M
$-8.4M
Gross Margin
GRNT
GRNT
PLOW
PLOW
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 24
19.8%
Operating Margin
GRNT
GRNT
PLOW
PLOW
Q4 25
-34.5%
10.5%
Q3 25
17.4%
8.7%
Q2 25
19.0%
19.0%
Q1 25
34.6%
2.8%
Q4 24
-6.5%
9.0%
Q3 24
26.2%
35.4%
Q2 24
24.1%
18.2%
Q1 24
22.0%
-6.7%
Net Margin
GRNT
GRNT
PLOW
PLOW
Q4 25
7.0%
Q3 25
12.9%
4.9%
Q2 25
23.0%
13.4%
Q1 25
8.0%
0.1%
Q4 24
5.5%
Q3 24
9.6%
24.9%
Q2 24
5.6%
12.2%
Q1 24
18.2%
-8.7%
EPS (diluted)
GRNT
GRNT
PLOW
PLOW
Q4 25
$-0.19
$0.54
Q3 25
$0.11
$0.33
Q2 25
$0.19
$1.09
Q1 25
$0.07
$0.00
Q4 24
$-0.09
$0.35
Q3 24
$0.07
$1.36
Q2 24
$0.04
$1.02
Q1 24
$0.12
$-0.37

Balance Sheet & Financial Strength

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

Metric
GRNT
GRNT
PLOW
PLOW
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$367.8M
$144.0M
Stockholders' EquityBook value
$605.8M
$281.4M
Total Assets
$1.2B
$626.7M
Debt / EquityLower = less leverage
0.61×
0.51×

8-quarter trend — quarters aligned by calendar period.

Total Debt
GRNT
GRNT
PLOW
PLOW
Q4 25
$367.8M
$144.0M
Q3 25
$300.0M
Q2 25
$275.0M
Q1 25
$250.0M
Q4 24
$205.0M
$147.5M
Q3 24
Q2 24
Q1 24
$137.5M
Stockholders' Equity
GRNT
GRNT
PLOW
PLOW
Q4 25
$605.8M
$281.4M
Q3 25
$643.9M
$275.3M
Q2 25
$642.5M
$273.3M
Q1 25
$631.4M
$258.9M
Q4 24
$635.4M
$264.2M
Q3 24
$660.6M
$260.8M
Q2 24
$665.3M
$236.7M
Q1 24
$674.0M
$217.2M
Total Assets
GRNT
GRNT
PLOW
PLOW
Q4 25
$1.2B
$626.7M
Q3 25
$1.1B
$694.9M
Q2 25
$1.1B
$671.5M
Q1 25
$1.1B
$621.0M
Q4 24
$1.0B
$590.0M
Q3 24
$1.0B
$665.6M
Q2 24
$990.5M
$617.0M
Q1 24
$966.7M
$577.1M
Debt / Equity
GRNT
GRNT
PLOW
PLOW
Q4 25
0.61×
0.51×
Q3 25
0.47×
Q2 25
0.43×
Q1 25
0.40×
Q4 24
0.32×
0.56×
Q3 24
Q2 24
Q1 24
0.20×

Cash Flow & Capital Efficiency

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

Metric
GRNT
GRNT
PLOW
PLOW
Operating Cash FlowLast quarter
$64.5M
$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
GRNT
GRNT
PLOW
PLOW
Q4 25
$64.5M
$95.9M
Q3 25
$77.8M
$-8.5M
Q2 25
$78.0M
$-11.4M
Q1 25
$76.1M
$-1.3M
Q4 24
$68.2M
$74.4M
Q3 24
$74.7M
$-14.2M
Q2 24
$64.2M
$2.5M
Q1 24
$68.7M
$-21.6M
Free Cash Flow
GRNT
GRNT
PLOW
PLOW
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
FCF Margin
GRNT
GRNT
PLOW
PLOW
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%
Capex Intensity
GRNT
GRNT
PLOW
PLOW
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%
Cash Conversion
GRNT
GRNT
PLOW
PLOW
Q4 25
7.47×
Q3 25
5.36×
-1.07×
Q2 25
3.11×
-0.44×
Q1 25
7.75×
-9.03×
Q4 24
9.41×
Q3 24
8.25×
-0.44×
Q2 24
12.58×
0.10×
Q1 24
4.23×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GRNT
GRNT

Oil And Gas Service$87.6M83%
Natural Gas Storage$17.9M17%

PLOW
PLOW

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

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