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Side-by-side financial comparison of Metallus Inc. (MTUS) and DOUGLAS DYNAMICS, INC (PLOW). Click either name above to swap in a different company.
Metallus Inc. is the larger business by last-quarter revenue ($267.3M vs $184.5M, roughly 1.4× DOUGLAS DYNAMICS, INC). DOUGLAS DYNAMICS, INC runs the higher net margin — 7.0% vs -5.3%, a 12.3% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs 11.1%). DOUGLAS DYNAMICS, INC produced more free cash flow last quarter ($92.8M vs $-37.2M). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs -8.8%).
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...
MTUS vs PLOW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $267.3M | $184.5M |
| Net Profit | $-14.3M | $12.8M |
| Gross Margin | 2.2% | 26.1% |
| Operating Margin | -7.7% | 10.5% |
| Net Margin | -5.3% | 7.0% |
| Revenue YoY | 11.1% | 28.6% |
| Net Profit YoY | 33.2% | 62.3% |
| EPS (diluted) | $-0.34 | $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 | $267.3M | $184.5M | ||
| Q3 25 | $305.9M | $162.1M | ||
| Q2 25 | $304.6M | $194.3M | ||
| Q1 25 | $280.5M | $115.1M | ||
| Q4 24 | $240.5M | $143.5M | ||
| Q3 24 | $227.2M | $129.4M | ||
| Q2 24 | $294.7M | $199.9M | ||
| Q1 24 | $321.6M | $95.7M |
| Q4 25 | $-14.3M | $12.8M | ||
| Q3 25 | $8.1M | $8.0M | ||
| Q2 25 | $3.7M | $26.0M | ||
| Q1 25 | $1.3M | $148.0K | ||
| Q4 24 | $-21.4M | $7.9M | ||
| Q3 24 | $-5.9M | $32.3M | ||
| Q2 24 | $4.6M | $24.3M | ||
| Q1 24 | $24.0M | $-8.4M |
| Q4 25 | 2.2% | 26.1% | ||
| Q3 25 | 11.4% | 23.5% | ||
| Q2 25 | 10.6% | 31.0% | ||
| Q1 25 | 7.8% | 24.5% | ||
| Q4 24 | 4.5% | 24.9% | ||
| Q3 24 | 5.3% | 23.9% | ||
| Q2 24 | 8.2% | 30.7% | ||
| Q1 24 | 15.7% | 19.8% |
| Q4 25 | -7.7% | 10.5% | ||
| Q3 25 | 3.6% | 8.7% | ||
| Q2 25 | 2.8% | 19.0% | ||
| Q1 25 | 1.0% | 2.8% | ||
| Q4 24 | -10.1% | 9.0% | ||
| Q3 24 | -3.1% | 35.4% | ||
| Q2 24 | 2.1% | 18.2% | ||
| Q1 24 | 9.3% | -6.7% |
| Q4 25 | -5.3% | 7.0% | ||
| Q3 25 | 2.6% | 4.9% | ||
| Q2 25 | 1.2% | 13.4% | ||
| Q1 25 | 0.5% | 0.1% | ||
| Q4 24 | -8.9% | 5.5% | ||
| Q3 24 | -2.6% | 24.9% | ||
| Q2 24 | 1.6% | 12.2% | ||
| Q1 24 | 7.5% | -8.7% |
| Q4 25 | $-0.34 | $0.54 | ||
| Q3 25 | $0.19 | $0.33 | ||
| Q2 25 | $0.09 | $1.09 | ||
| Q1 25 | $0.03 | $0.00 | ||
| Q4 24 | $-0.46 | $0.35 | ||
| Q3 24 | $-0.13 | $1.36 | ||
| Q2 24 | $0.10 | $1.02 | ||
| Q1 24 | $0.52 | $-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 | $156.7M | — |
| Total DebtLower is stronger | — | $144.0M |
| Stockholders' EquityBook value | $686.0M | $281.4M |
| Total Assets | $1.1B | $626.7M |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.7M | — | ||
| Q3 25 | $191.5M | — | ||
| Q2 25 | $190.8M | — | ||
| Q1 25 | $180.3M | — | ||
| Q4 24 | $240.7M | — | ||
| Q3 24 | $254.6M | — | ||
| Q2 24 | $272.8M | — | ||
| Q1 24 | $278.1M | — |
| Q4 25 | — | $144.0M | ||
| Q3 25 | $0 | — | ||
| Q2 25 | $0 | — | ||
| Q1 25 | $5.4M | — | ||
| Q4 24 | $5.4M | $147.5M | ||
| Q3 24 | $13.2M | — | ||
| Q2 24 | $13.2M | — | ||
| Q1 24 | $13.2M | — |
| Q4 25 | $686.0M | $281.4M | ||
| Q3 25 | $697.7M | $275.3M | ||
| Q2 25 | $690.0M | $273.3M | ||
| Q1 25 | $686.1M | $258.9M | ||
| Q4 24 | $690.5M | $264.2M | ||
| Q3 24 | $712.7M | $260.8M | ||
| Q2 24 | $736.3M | $236.7M | ||
| Q1 24 | $739.3M | $217.2M |
| Q4 25 | $1.1B | $626.7M | ||
| Q3 25 | $1.2B | $694.9M | ||
| Q2 25 | $1.1B | $671.5M | ||
| Q1 25 | $1.1B | $621.0M | ||
| Q4 24 | $1.1B | $590.0M | ||
| Q3 24 | $1.1B | $665.6M | ||
| Q2 24 | $1.1B | $617.0M | ||
| Q1 24 | $1.2B | $577.1M |
| Q4 25 | — | 0.51× | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | 0.01× | 0.56× | ||
| Q3 24 | 0.02× | — | ||
| Q2 24 | 0.02× | — | ||
| Q1 24 | 0.02× | — |
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 | $-1.9M | $95.9M |
| Free Cash FlowOCF − Capex | $-37.2M | $92.8M |
| FCF MarginFCF / Revenue | -13.9% | 50.3% |
| Capex IntensityCapex / Revenue | 13.2% | 1.7% |
| Cash ConversionOCF / Net Profit | — | 7.47× |
| TTM Free Cash FlowTrailing 4 quarters | $-93.0M | $63.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.9M | $95.9M | ||
| Q3 25 | $22.0M | $-8.5M | ||
| Q2 25 | $34.8M | $-11.4M | ||
| Q1 25 | $-38.9M | $-1.3M | ||
| Q4 24 | $13.9M | $74.4M | ||
| Q3 24 | $-15.3M | $-14.2M | ||
| Q2 24 | $8.3M | $2.5M | ||
| Q1 24 | $33.4M | $-21.6M |
| Q4 25 | $-37.2M | $92.8M | ||
| Q3 25 | $-6.4M | $-11.4M | ||
| Q2 25 | $17.0M | $-14.3M | ||
| Q1 25 | $-66.4M | $-3.5M | ||
| Q4 24 | $-1.3M | $70.2M | ||
| Q3 24 | $-32.9M | $-15.2M | ||
| Q2 24 | $-5.8M | $836.0K | ||
| Q1 24 | $16.0M | $-22.4M |
| Q4 25 | -13.9% | 50.3% | ||
| Q3 25 | -2.1% | -7.1% | ||
| Q2 25 | 5.6% | -7.4% | ||
| Q1 25 | -23.7% | -3.0% | ||
| Q4 24 | -0.5% | 48.9% | ||
| Q3 24 | -14.5% | -11.8% | ||
| Q2 24 | -2.0% | 0.4% | ||
| Q1 24 | 5.0% | -23.4% |
| Q4 25 | 13.2% | 1.7% | ||
| Q3 25 | 9.3% | 1.8% | ||
| Q2 25 | 5.8% | 1.5% | ||
| Q1 25 | 9.8% | 1.9% | ||
| Q4 24 | 6.3% | 2.9% | ||
| Q3 24 | 7.7% | 0.8% | ||
| Q2 24 | 4.8% | 0.8% | ||
| Q1 24 | 5.4% | 0.8% |
| Q4 25 | — | 7.47× | ||
| Q3 25 | 2.72× | -1.07× | ||
| Q2 25 | 9.41× | -0.44× | ||
| Q1 25 | -29.92× | -9.03× | ||
| Q4 24 | — | 9.41× | ||
| Q3 24 | — | -0.44× | ||
| Q2 24 | 1.80× | 0.10× | ||
| Q1 24 | 1.39× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MTUS
| Industrial Market Sector | $95.3M | 36% |
| Manufactured Components | $67.8M | 25% |
| Aerospace And Defense | $39.6M | 15% |
| Seamless Mechanical Tubing | $31.3M | 12% |
| Energy Market Sector | $18.3M | 7% |
| Other | $11.3M | 4% |
| Other Market Sector | $3.7M | 1% |
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
