vs
Side-by-side financial comparison of Ramaco Resources, Inc. (METC) 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 $121.0M, roughly 1.5× Ramaco Resources, Inc.). DOUGLAS DYNAMICS, INC runs the higher net margin — 7.0% vs -11.0%, a 18.0% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs -27.7%). DOUGLAS DYNAMICS, INC produced more free cash flow last quarter ($92.8M vs $-17.5M). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs -22.7%).
Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.
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...
METC vs PLOW — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $121.0M | $184.5M |
| Net Profit | $-13.3M | $12.8M |
| Gross Margin | 15.8% | 26.1% |
| Operating Margin | -12.0% | 10.5% |
| Net Margin | -11.0% | 7.0% |
| Revenue YoY | -27.7% | 28.6% |
| Net Profit YoY | -5468.2% | 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 | — | $184.5M | ||
| Q3 25 | $121.0M | $162.1M | ||
| Q2 25 | $153.0M | $194.3M | ||
| Q1 25 | $134.7M | $115.1M | ||
| Q4 24 | $170.9M | $143.5M | ||
| Q3 24 | $167.4M | $129.4M | ||
| Q2 24 | $155.3M | $199.9M | ||
| Q1 24 | $172.7M | $95.7M |
| Q4 25 | — | $12.8M | ||
| Q3 25 | $-13.3M | $8.0M | ||
| Q2 25 | $-14.0M | $26.0M | ||
| Q1 25 | $-9.5M | $148.0K | ||
| Q4 24 | $3.9M | $7.9M | ||
| Q3 24 | $-239.0K | $32.3M | ||
| Q2 24 | $5.5M | $24.3M | ||
| Q1 24 | $2.0M | $-8.4M |
| Q4 25 | — | 26.1% | ||
| Q3 25 | 15.8% | 23.5% | ||
| Q2 25 | 12.3% | 31.0% | ||
| Q1 25 | 15.2% | 24.5% | ||
| Q4 24 | 20.4% | 24.9% | ||
| Q3 24 | 19.5% | 23.9% | ||
| Q2 24 | 21.0% | 30.7% | ||
| Q1 24 | 19.1% | 19.8% |
| Q4 25 | — | 10.5% | ||
| Q3 25 | -12.0% | 8.7% | ||
| Q2 25 | -9.1% | 19.0% | ||
| Q1 25 | -8.9% | 2.8% | ||
| Q4 24 | 3.7% | 9.0% | ||
| Q3 24 | 1.0% | 35.4% | ||
| Q2 24 | 3.5% | 18.2% | ||
| Q1 24 | 1.9% | -6.7% |
| Q4 25 | — | 7.0% | ||
| Q3 25 | -11.0% | 4.9% | ||
| Q2 25 | -9.1% | 13.4% | ||
| Q1 25 | -7.0% | 0.1% | ||
| Q4 24 | 2.3% | 5.5% | ||
| Q3 24 | -0.1% | 24.9% | ||
| Q2 24 | 3.6% | 12.2% | ||
| Q1 24 | 1.2% | -8.7% |
| Q4 25 | — | $0.54 | ||
| Q3 25 | — | $0.33 | ||
| Q2 25 | — | $1.09 | ||
| Q1 25 | — | $0.00 | ||
| Q4 24 | $0.06 | $0.35 | ||
| Q3 24 | $-0.03 | $1.36 | ||
| Q2 24 | $0.08 | $1.02 | ||
| Q1 24 | $0.00 | $-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 | $193.8M | — |
| Total DebtLower is stronger | $116.3M | $144.0M |
| Stockholders' EquityBook value | $526.9M | $281.4M |
| Total Assets | $849.7M | $626.7M |
| Debt / EquityLower = less leverage | 0.22× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $193.8M | — | ||
| Q2 25 | $28.1M | — | ||
| Q1 25 | $43.5M | — | ||
| Q4 24 | $33.0M | — | ||
| Q3 24 | $22.9M | — | ||
| Q2 24 | $27.6M | — | ||
| Q1 24 | $30.5M | — |
| Q4 25 | — | $144.0M | ||
| Q3 25 | $116.3M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $88.2M | $147.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $281.4M | ||
| Q3 25 | $526.9M | $275.3M | ||
| Q2 25 | $347.4M | $273.3M | ||
| Q1 25 | $355.2M | $258.9M | ||
| Q4 24 | $362.8M | $264.2M | ||
| Q3 24 | $361.8M | $260.8M | ||
| Q2 24 | $366.1M | $236.7M | ||
| Q1 24 | $372.3M | $217.2M |
| Q4 25 | — | $626.7M | ||
| Q3 25 | $849.7M | $694.9M | ||
| Q2 25 | $674.6M | $671.5M | ||
| Q1 25 | $685.7M | $621.0M | ||
| Q4 24 | $674.7M | $590.0M | ||
| Q3 24 | $645.4M | $665.6M | ||
| Q2 24 | $659.2M | $617.0M | ||
| Q1 24 | $674.0M | $577.1M |
| Q4 25 | — | 0.51× | ||
| Q3 25 | 0.22× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.24× | 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 | $-1.4M | $95.9M |
| Free Cash FlowOCF − Capex | $-17.5M | $92.8M |
| FCF MarginFCF / Revenue | -14.5% | 50.3% |
| Capex IntensityCapex / Revenue | 13.3% | 1.7% |
| Cash ConversionOCF / Net Profit | — | 7.47× |
| TTM Free Cash FlowTrailing 4 quarters | $-24.7M | $63.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $95.9M | ||
| Q3 25 | $-1.4M | $-8.5M | ||
| Q2 25 | $-4.3M | $-11.4M | ||
| Q1 25 | $26.0M | $-1.3M | ||
| Q4 24 | $15.7M | $74.4M | ||
| Q3 24 | $37.4M | $-14.2M | ||
| Q2 24 | $34.4M | $2.5M | ||
| Q1 24 | $25.2M | $-21.6M |
| Q4 25 | — | $92.8M | ||
| Q3 25 | $-17.5M | $-11.4M | ||
| Q2 25 | $-19.8M | $-14.3M | ||
| Q1 25 | $7.6M | $-3.5M | ||
| Q4 24 | $5.1M | $70.2M | ||
| Q3 24 | $25.6M | $-15.2M | ||
| Q2 24 | $20.3M | $836.0K | ||
| Q1 24 | $6.5M | $-22.4M |
| Q4 25 | — | 50.3% | ||
| Q3 25 | -14.5% | -7.1% | ||
| Q2 25 | -13.0% | -7.4% | ||
| Q1 25 | 5.6% | -3.0% | ||
| Q4 24 | 3.0% | 48.9% | ||
| Q3 24 | 15.3% | -11.8% | ||
| Q2 24 | 13.1% | 0.4% | ||
| Q1 24 | 3.7% | -23.4% |
| Q4 25 | — | 1.7% | ||
| Q3 25 | 13.3% | 1.8% | ||
| Q2 25 | 10.2% | 1.5% | ||
| Q1 25 | 13.7% | 1.9% | ||
| Q4 24 | 6.2% | 2.9% | ||
| Q3 24 | 7.0% | 0.8% | ||
| Q2 24 | 9.1% | 0.8% | ||
| Q1 24 | 10.8% | 0.8% |
| Q4 25 | — | 7.47× | ||
| Q3 25 | — | -1.07× | ||
| Q2 25 | — | -0.44× | ||
| Q1 25 | — | -9.03× | ||
| Q4 24 | 4.06× | 9.41× | ||
| Q3 24 | — | -0.44× | ||
| Q2 24 | 6.21× | 0.10× | ||
| Q1 24 | 12.40× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
