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Side-by-side financial comparison of iRhythm Holdings, Inc. (IRTC) and DOUGLAS DYNAMICS, INC (PLOW). Click either name above to swap in a different company.
iRhythm Holdings, Inc. is the larger business by last-quarter revenue ($208.9M vs $184.5M, roughly 1.1× DOUGLAS DYNAMICS, INC). DOUGLAS DYNAMICS, INC runs the higher net margin — 7.0% vs 2.7%, a 4.3% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs 27.1%). DOUGLAS DYNAMICS, INC produced more free cash flow last quarter ($92.8M vs $14.5M). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs 25.8%).
iRhythm Holdings is a digital healthcare company focused on cardiac care, developing and commercializing wearable ambulatory heart monitoring devices paired with AI-powered analytical tools. It primarily serves healthcare providers and patients across the United States, helping to detect undiagnosed arrhythmias such as atrial fibrillation through convenient long-term heart rhythm tracking that delivers actionable clinical insights.
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...
IRTC vs PLOW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.9M | $184.5M |
| Net Profit | $5.6M | $12.8M |
| Gross Margin | 70.9% | 26.1% |
| Operating Margin | 1.1% | 10.5% |
| Net Margin | 2.7% | 7.0% |
| Revenue YoY | 27.1% | 28.6% |
| Net Profit YoY | 518.5% | 62.3% |
| EPS (diluted) | $0.18 | $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 | $208.9M | $184.5M | ||
| Q3 25 | $192.9M | $162.1M | ||
| Q2 25 | $186.7M | $194.3M | ||
| Q1 25 | $158.7M | $115.1M | ||
| Q4 24 | $164.3M | $143.5M | ||
| Q3 24 | $147.5M | $129.4M | ||
| Q2 24 | $148.0M | $199.9M | ||
| Q1 24 | $131.9M | $95.7M |
| Q4 25 | $5.6M | $12.8M | ||
| Q3 25 | $-5.2M | $8.0M | ||
| Q2 25 | $-14.2M | $26.0M | ||
| Q1 25 | $-30.7M | $148.0K | ||
| Q4 24 | $-1.3M | $7.9M | ||
| Q3 24 | $-46.2M | $32.3M | ||
| Q2 24 | $-20.1M | $24.3M | ||
| Q1 24 | $-45.7M | $-8.4M |
| Q4 25 | 70.9% | 26.1% | ||
| Q3 25 | 71.1% | 23.5% | ||
| Q2 25 | 71.2% | 31.0% | ||
| Q1 25 | 68.8% | 24.5% | ||
| Q4 24 | 70.0% | 24.9% | ||
| Q3 24 | 68.8% | 23.9% | ||
| Q2 24 | 69.9% | 30.7% | ||
| Q1 24 | 66.3% | 19.8% |
| Q4 25 | 1.1% | 10.5% | ||
| Q3 25 | -4.4% | 8.7% | ||
| Q2 25 | -10.0% | 19.0% | ||
| Q1 25 | -20.5% | 2.8% | ||
| Q4 24 | -2.5% | 9.0% | ||
| Q3 24 | -34.1% | 35.4% | ||
| Q2 24 | -15.5% | 18.2% | ||
| Q1 24 | -28.9% | -6.7% |
| Q4 25 | 2.7% | 7.0% | ||
| Q3 25 | -2.7% | 4.9% | ||
| Q2 25 | -7.6% | 13.4% | ||
| Q1 25 | -19.3% | 0.1% | ||
| Q4 24 | -0.8% | 5.5% | ||
| Q3 24 | -31.3% | 24.9% | ||
| Q2 24 | -13.6% | 12.2% | ||
| Q1 24 | -34.6% | -8.7% |
| Q4 25 | $0.18 | $0.54 | ||
| Q3 25 | $-0.16 | $0.33 | ||
| Q2 25 | $-0.44 | $1.09 | ||
| Q1 25 | $-0.97 | $0.00 | ||
| Q4 24 | $-0.03 | $0.35 | ||
| Q3 24 | $-1.48 | $1.36 | ||
| Q2 24 | $-0.65 | $1.02 | ||
| Q1 24 | $-1.47 | $-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 | $583.8M | — |
| Total DebtLower is stronger | — | $144.0M |
| Stockholders' EquityBook value | $152.7M | $281.4M |
| Total Assets | $1.0B | $626.7M |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $583.8M | — | ||
| Q3 25 | $565.2M | — | ||
| Q2 25 | $545.5M | — | ||
| Q1 25 | $520.6M | — | ||
| Q4 24 | $535.6M | — | ||
| Q3 24 | $522.0M | — | ||
| Q2 24 | $561.5M | — | ||
| Q1 24 | $569.1M | — |
| Q4 25 | — | $144.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $147.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $152.7M | $281.4M | ||
| Q3 25 | $121.9M | $275.3M | ||
| Q2 25 | $103.7M | $273.3M | ||
| Q1 25 | $86.7M | $258.9M | ||
| Q4 24 | $90.9M | $264.2M | ||
| Q3 24 | $71.8M | $260.8M | ||
| Q2 24 | $99.2M | $236.7M | ||
| Q1 24 | $90.3M | $217.2M |
| Q4 25 | $1.0B | $626.7M | ||
| Q3 25 | $995.2M | $694.9M | ||
| Q2 25 | $964.0M | $671.5M | ||
| Q1 25 | $926.1M | $621.0M | ||
| Q4 24 | $931.4M | $590.0M | ||
| Q3 24 | $909.7M | $665.6M | ||
| Q2 24 | $919.2M | $617.0M | ||
| Q1 24 | $909.8M | $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 | $26.2M | $95.9M |
| Free Cash FlowOCF − Capex | $14.5M | $92.8M |
| FCF MarginFCF / Revenue | 6.9% | 50.3% |
| Capex IntensityCapex / Revenue | 5.6% | 1.7% |
| Cash ConversionOCF / Net Profit | 4.70× | 7.47× |
| TTM Free Cash FlowTrailing 4 quarters | $34.5M | $63.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.2M | $95.9M | ||
| Q3 25 | $34.9M | $-8.5M | ||
| Q2 25 | $27.7M | $-11.4M | ||
| Q1 25 | $-7.9M | $-1.3M | ||
| Q4 24 | $19.2M | $74.4M | ||
| Q3 24 | $24.3M | $-14.2M | ||
| Q2 24 | $11.8M | $2.5M | ||
| Q1 24 | $-52.0M | $-21.6M |
| Q4 25 | $14.5M | $92.8M | ||
| Q3 25 | $20.1M | $-11.4M | ||
| Q2 25 | $17.3M | $-14.3M | ||
| Q1 25 | $-17.3M | $-3.5M | ||
| Q4 24 | $12.4M | $70.2M | ||
| Q3 24 | $15.5M | $-15.2M | ||
| Q2 24 | $3.4M | $836.0K | ||
| Q1 24 | $-61.8M | $-22.4M |
| Q4 25 | 6.9% | 50.3% | ||
| Q3 25 | 10.4% | -7.1% | ||
| Q2 25 | 9.3% | -7.4% | ||
| Q1 25 | -10.9% | -3.0% | ||
| Q4 24 | 7.5% | 48.9% | ||
| Q3 24 | 10.5% | -11.8% | ||
| Q2 24 | 2.3% | 0.4% | ||
| Q1 24 | -46.8% | -23.4% |
| Q4 25 | 5.6% | 1.7% | ||
| Q3 25 | 7.7% | 1.8% | ||
| Q2 25 | 5.6% | 1.5% | ||
| Q1 25 | 5.9% | 1.9% | ||
| Q4 24 | 4.2% | 2.9% | ||
| Q3 24 | 6.0% | 0.8% | ||
| Q2 24 | 5.7% | 0.8% | ||
| Q1 24 | 7.4% | 0.8% |
| Q4 25 | 4.70× | 7.47× | ||
| Q3 25 | — | -1.07× | ||
| Q2 25 | — | -0.44× | ||
| Q1 25 | — | -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
IRTC
| Commercial Payors | $111.7M | 53% |
| Centers For Medicare And Medicaid | $49.2M | 24% |
| Healthcare Institutions | $34.3M | 16% |
| Non Contracted Third Party Payors | $13.7M | 7% |
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
