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Side-by-side financial comparison of ONITY GROUP INC. (ONIT) and DOUGLAS DYNAMICS, INC (PLOW). Click either name above to swap in a different company.

ONITY GROUP INC. is the larger business by last-quarter revenue ($290.0M vs $184.5M, roughly 1.6× DOUGLAS DYNAMICS, INC). ONITY GROUP INC. runs the higher net margin — 43.9% vs 7.0%, a 36.9% gap on every dollar of revenue. On growth, ONITY GROUP INC. posted the faster year-over-year revenue change (29.0% vs 28.6%). DOUGLAS DYNAMICS, INC produced more free cash flow last quarter ($92.8M vs $-750.9M). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs 10.1%).

Onity Group, formerly Ocwen, is a provider of residential and commercial mortgage loan servicing, special servicing, and asset management services, which has been described as "debt collectors, collecting monthly principal and interest from homeowners". Ocwen was founded in 1988 and is headquartered in West Palm Beach, Florida, with additional offices in Mount Laurel, NJ, Rancho Cordova, California, and St. Croix, U.S. Virgin Islands. It also has support operations in the Philippines and Indi...

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...

ONIT vs PLOW — Head-to-Head

Bigger by revenue
ONIT
ONIT
1.6× larger
ONIT
$290.0M
$184.5M
PLOW
Growing faster (revenue YoY)
ONIT
ONIT
+0.4% gap
ONIT
29.0%
28.6%
PLOW
Higher net margin
ONIT
ONIT
36.9% more per $
ONIT
43.9%
7.0%
PLOW
More free cash flow
PLOW
PLOW
$843.7M more FCF
PLOW
$92.8M
$-750.9M
ONIT
Faster 2-yr revenue CAGR
PLOW
PLOW
Annualised
PLOW
38.9%
10.1%
ONIT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ONIT
ONIT
PLOW
PLOW
Revenue
$290.0M
$184.5M
Net Profit
$127.2M
$12.8M
Gross Margin
26.1%
Operating Margin
10.5%
Net Margin
43.9%
7.0%
Revenue YoY
29.0%
28.6%
Net Profit YoY
552.7%
62.3%
EPS (diluted)
$14.53
$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
ONIT
ONIT
PLOW
PLOW
Q4 25
$290.0M
$184.5M
Q3 25
$280.3M
$162.1M
Q2 25
$246.6M
$194.3M
Q1 25
$249.8M
$115.1M
Q4 24
$224.8M
$143.5M
Q3 24
$265.7M
$129.4M
Q2 24
$246.4M
$199.9M
Q1 24
$239.1M
$95.7M
Net Profit
ONIT
ONIT
PLOW
PLOW
Q4 25
$127.2M
$12.8M
Q3 25
$18.7M
$8.0M
Q2 25
$21.5M
$26.0M
Q1 25
$22.1M
$148.0K
Q4 24
$-28.1M
$7.9M
Q3 24
$21.4M
$32.3M
Q2 24
$10.5M
$24.3M
Q1 24
$30.1M
$-8.4M
Gross Margin
ONIT
ONIT
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
ONIT
ONIT
PLOW
PLOW
Q4 25
10.5%
Q3 25
8.7%
Q2 25
19.0%
Q1 25
3.6%
2.8%
Q4 24
-14.9%
9.0%
Q3 24
10.4%
35.4%
Q2 24
5.5%
18.2%
Q1 24
13.3%
-6.7%
Net Margin
ONIT
ONIT
PLOW
PLOW
Q4 25
43.9%
7.0%
Q3 25
6.7%
4.9%
Q2 25
8.7%
13.4%
Q1 25
8.8%
0.1%
Q4 24
-12.5%
5.5%
Q3 24
8.1%
24.9%
Q2 24
4.3%
12.2%
Q1 24
12.6%
-8.7%
EPS (diluted)
ONIT
ONIT
PLOW
PLOW
Q4 25
$14.53
$0.54
Q3 25
$2.03
$0.33
Q2 25
$2.40
$1.09
Q1 25
$2.50
$0.00
Q4 24
$-3.59
$0.35
Q3 24
$2.65
$1.36
Q2 24
$1.33
$1.02
Q1 24
$3.74
$-0.37

Balance Sheet & Financial Strength

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

Metric
ONIT
ONIT
PLOW
PLOW
Cash + ST InvestmentsLiquidity on hand
$180.5M
Total DebtLower is stronger
$144.0M
Stockholders' EquityBook value
$627.9M
$281.4M
Total Assets
$16.2B
$626.7M
Debt / EquityLower = less leverage
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ONIT
ONIT
PLOW
PLOW
Q4 25
$180.5M
Q3 25
$172.8M
Q2 25
$194.3M
Q1 25
$178.0M
Q4 24
$184.8M
Q3 24
$201.6M
Q2 24
$203.1M
Q1 24
$185.1M
Total Debt
ONIT
ONIT
PLOW
PLOW
Q4 25
$144.0M
Q3 25
Q2 25
Q1 25
Q4 24
$147.5M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ONIT
ONIT
PLOW
PLOW
Q4 25
$627.9M
$281.4M
Q3 25
$501.4M
$275.3M
Q2 25
$481.9M
$273.3M
Q1 25
$460.2M
$258.9M
Q4 24
$442.9M
$264.2M
Q3 24
$468.2M
$260.8M
Q2 24
$446.2M
$236.7M
Q1 24
$432.1M
$217.2M
Total Assets
ONIT
ONIT
PLOW
PLOW
Q4 25
$16.2B
$626.7M
Q3 25
$16.1B
$694.9M
Q2 25
$16.5B
$671.5M
Q1 25
$16.3B
$621.0M
Q4 24
$16.4B
$590.0M
Q3 24
$13.2B
$665.6M
Q2 24
$13.1B
$617.0M
Q1 24
$13.1B
$577.1M
Debt / Equity
ONIT
ONIT
PLOW
PLOW
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
ONIT
ONIT
PLOW
PLOW
Operating Cash FlowLast quarter
$-748.0M
$95.9M
Free Cash FlowOCF − Capex
$-750.9M
$92.8M
FCF MarginFCF / Revenue
-258.9%
50.3%
Capex IntensityCapex / Revenue
1.0%
1.7%
Cash ConversionOCF / Net Profit
-5.88×
7.47×
TTM Free Cash FlowTrailing 4 quarters
$63.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ONIT
ONIT
PLOW
PLOW
Q4 25
$-748.0M
$95.9M
Q3 25
$229.5M
$-8.5M
Q2 25
$-598.8M
$-11.4M
Q1 25
$-148.1M
$-1.3M
Q4 24
$-573.8M
$74.4M
Q3 24
$19.2M
$-14.2M
Q2 24
$-77.9M
$2.5M
Q1 24
$-297.1M
$-21.6M
Free Cash Flow
ONIT
ONIT
PLOW
PLOW
Q4 25
$-750.9M
$92.8M
Q3 25
$228.8M
$-11.4M
Q2 25
$-14.3M
Q1 25
$-148.4M
$-3.5M
Q4 24
$-574.6M
$70.2M
Q3 24
$19.1M
$-15.2M
Q2 24
$-78.0M
$836.0K
Q1 24
$-297.2M
$-22.4M
FCF Margin
ONIT
ONIT
PLOW
PLOW
Q4 25
-258.9%
50.3%
Q3 25
81.6%
-7.1%
Q2 25
-7.4%
Q1 25
-59.4%
-3.0%
Q4 24
-255.6%
48.9%
Q3 24
7.2%
-11.8%
Q2 24
-31.7%
0.4%
Q1 24
-124.3%
-23.4%
Capex Intensity
ONIT
ONIT
PLOW
PLOW
Q4 25
1.0%
1.7%
Q3 25
0.2%
1.8%
Q2 25
0.0%
1.5%
Q1 25
0.1%
1.9%
Q4 24
0.4%
2.9%
Q3 24
0.0%
0.8%
Q2 24
0.0%
0.8%
Q1 24
0.0%
0.8%
Cash Conversion
ONIT
ONIT
PLOW
PLOW
Q4 25
-5.88×
7.47×
Q3 25
12.27×
-1.07×
Q2 25
-27.85×
-0.44×
Q1 25
-6.70×
-9.03×
Q4 24
9.41×
Q3 24
0.90×
-0.44×
Q2 24
-7.42×
0.10×
Q1 24
-9.87×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ONIT
ONIT

Segment breakdown not available.

PLOW
PLOW

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

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