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Side-by-side financial comparison of IHS Holding Ltd (IHS) and DOUGLAS DYNAMICS, INC (PLOW). Click either name above to swap in a different company.
IHS Holding Ltd is the larger business by last-quarter revenue ($254.0M vs $184.5M, roughly 1.4× DOUGLAS DYNAMICS, INC). On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs 0.1%). IHS Holding Ltd produced more free cash flow last quarter ($178.6M vs $92.8M). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs -22.0%).
IHS Towers is one of the largest independent owners, operators and developers of shared communications infrastructure in the world, with operations across Africa and Latin America. It is the fifth-largest independent multinational tower company in the world.
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...
IHS vs PLOW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $254.0M | $184.5M |
| Net Profit | — | $12.8M |
| Gross Margin | 83.6% | 26.1% |
| Operating Margin | — | 10.5% |
| Net Margin | — | 7.0% |
| Revenue YoY | 0.1% | 28.6% |
| Net Profit YoY | — | 62.3% |
| EPS (diluted) | — | $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 | $254.0M | $184.5M | ||
| Q3 25 | $455.1M | $162.1M | ||
| Q2 25 | $433.3M | $194.3M | ||
| Q1 25 | $439.6M | $115.1M | ||
| Q4 24 | $253.8M | $143.5M | ||
| Q3 24 | $420.3M | $129.4M | ||
| Q2 24 | $435.4M | $199.9M | ||
| Q1 24 | $417.7M | $95.7M |
| Q4 25 | — | $12.8M | ||
| Q3 25 | $147.4M | $8.0M | ||
| Q2 25 | $32.3M | $26.0M | ||
| Q1 25 | $30.7M | $148.0K | ||
| Q4 24 | — | $7.9M | ||
| Q3 24 | $-205.7M | $32.3M | ||
| Q2 24 | $-124.3M | $24.3M | ||
| Q1 24 | $-1.6B | $-8.4M |
| Q4 25 | 83.6% | 26.1% | ||
| Q3 25 | 47.5% | 23.5% | ||
| Q2 25 | 51.3% | 31.0% | ||
| Q1 25 | 51.4% | 24.5% | ||
| Q4 24 | 72.1% | 24.9% | ||
| Q3 24 | 52.0% | 23.9% | ||
| Q2 24 | 52.5% | 30.7% | ||
| Q1 24 | 39.1% | 19.8% |
| Q4 25 | — | 10.5% | ||
| Q3 25 | 35.1% | 8.7% | ||
| Q2 25 | 33.8% | 19.0% | ||
| Q1 25 | 37.1% | 2.8% | ||
| Q4 24 | — | 9.0% | ||
| Q3 24 | 29.9% | 35.4% | ||
| Q2 24 | 34.0% | 18.2% | ||
| Q1 24 | -1.7% | -6.7% |
| Q4 25 | — | 7.0% | ||
| Q3 25 | 32.4% | 4.9% | ||
| Q2 25 | 7.5% | 13.4% | ||
| Q1 25 | 7.0% | 0.1% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | -48.9% | 24.9% | ||
| Q2 24 | -28.5% | 12.2% | ||
| Q1 24 | -372.8% | -8.7% |
| Q4 25 | — | $0.54 | ||
| Q3 25 | $0.44 | $0.33 | ||
| Q2 25 | $0.10 | $1.09 | ||
| Q1 25 | $0.10 | $0.00 | ||
| Q4 24 | — | $0.35 | ||
| Q3 24 | $-0.61 | $1.36 | ||
| Q2 24 | $-0.36 | $1.02 | ||
| Q1 24 | $-4.67 | $-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 | $825.7M | — |
| Total DebtLower is stronger | $3.1B | $144.0M |
| Stockholders' EquityBook value | $-89.8M | $281.4M |
| Total Assets | $4.5B | $626.7M |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $825.7M | — | ||
| Q3 25 | $647.6M | — | ||
| Q2 25 | $531.8M | — | ||
| Q1 25 | $629.0M | — | ||
| Q4 24 | $578.0M | — | ||
| Q3 24 | $397.5M | — | ||
| Q2 24 | $445.7M | — | ||
| Q1 24 | $333.2M | — |
| Q4 25 | $3.1B | $144.0M | ||
| Q3 25 | $3.3B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $3.3B | $147.5M | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $3.6B | — | ||
| Q1 24 | $3.5B | — |
| Q4 25 | $-89.8M | $281.4M | ||
| Q3 25 | $38.1M | $275.3M | ||
| Q2 25 | $-98.4M | $273.3M | ||
| Q1 25 | $-184.4M | $258.9M | ||
| Q4 24 | $-314.4M | $264.2M | ||
| Q3 24 | $-284.7M | $260.8M | ||
| Q2 24 | $-308.3M | $236.7M | ||
| Q1 24 | $-163.2M | $217.2M |
| Q4 25 | $4.5B | $626.7M | ||
| Q3 25 | $4.7B | $694.9M | ||
| Q2 25 | $4.5B | $671.5M | ||
| Q1 25 | $4.4B | $621.0M | ||
| Q4 24 | $4.2B | $590.0M | ||
| Q3 24 | $4.6B | $665.6M | ||
| Q2 24 | $4.5B | $617.0M | ||
| Q1 24 | $4.6B | $577.1M |
| Q4 25 | — | 0.51× | ||
| Q3 25 | 85.85× | — | ||
| 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 | $246.9M | $95.9M |
| Free Cash FlowOCF − Capex | $178.6M | $92.8M |
| FCF MarginFCF / Revenue | 70.3% | 50.3% |
| Capex IntensityCapex / Revenue | 26.9% | 1.7% |
| Cash ConversionOCF / Net Profit | — | 7.47× |
| TTM Free Cash FlowTrailing 4 quarters | $718.7M | $63.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $246.9M | $95.9M | ||
| Q3 25 | $251.3M | $-8.5M | ||
| Q2 25 | $237.7M | $-11.4M | ||
| Q1 25 | $200.3M | $-1.3M | ||
| Q4 24 | $344.4M | $74.4M | ||
| Q3 24 | $174.5M | $-14.2M | ||
| Q2 24 | $134.7M | $2.5M | ||
| Q1 24 | $75.8M | $-21.6M |
| Q4 25 | $178.6M | $92.8M | ||
| Q3 25 | $189.2M | $-11.4M | ||
| Q2 25 | $197.7M | $-14.3M | ||
| Q1 25 | $153.2M | $-3.5M | ||
| Q4 24 | $282.9M | $70.2M | ||
| Q3 24 | $122.3M | $-15.2M | ||
| Q2 24 | $74.2M | $836.0K | ||
| Q1 24 | $14.8M | $-22.4M |
| Q4 25 | 70.3% | 50.3% | ||
| Q3 25 | 41.6% | -7.1% | ||
| Q2 25 | 45.6% | -7.4% | ||
| Q1 25 | 34.8% | -3.0% | ||
| Q4 24 | 111.5% | 48.9% | ||
| Q3 24 | 29.1% | -11.8% | ||
| Q2 24 | 17.0% | 0.4% | ||
| Q1 24 | 3.5% | -23.4% |
| Q4 25 | 26.9% | 1.7% | ||
| Q3 25 | 13.6% | 1.8% | ||
| Q2 25 | 9.2% | 1.5% | ||
| Q1 25 | 10.7% | 1.9% | ||
| Q4 24 | 24.2% | 2.9% | ||
| Q3 24 | 12.4% | 0.8% | ||
| Q2 24 | 13.9% | 0.8% | ||
| Q1 24 | 14.6% | 0.8% |
| Q4 25 | — | 7.47× | ||
| Q3 25 | 1.70× | -1.07× | ||
| Q2 25 | 7.36× | -0.44× | ||
| Q1 25 | 6.52× | -9.03× | ||
| Q4 24 | — | 9.41× | ||
| Q3 24 | — | -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
IHS
Segment breakdown not available.
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
