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Side-by-side financial comparison of DOUGLAS DYNAMICS, INC (PLOW) and PennyMac Mortgage Investment Trust (PMT). Click either name above to swap in a different company.
DOUGLAS DYNAMICS, INC is the larger business by last-quarter revenue ($184.5M vs $93.6M, roughly 2.0× PennyMac Mortgage Investment Trust). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs 7.0%, a 49.0% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs -13.3%). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs 12.3%).
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...
PennyMac Mortgage Investment Trust is a U.S.-headquartered real estate investment trust specializing in residential mortgage assets. It invests in performing and non-performing mortgage loans, mortgage-backed securities, and credit risk transfer instruments, operating across investment management and mortgage servicing segments in the U.S. housing market.
PLOW vs PMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $184.5M | $93.6M |
| Net Profit | $12.8M | $52.4M |
| Gross Margin | 26.1% | — |
| Operating Margin | 10.5% | 38.6% |
| Net Margin | 7.0% | 56.0% |
| Revenue YoY | 28.6% | -13.3% |
| Net Profit YoY | 62.3% | 12.5% |
| EPS (diluted) | $0.54 | $0.49 |
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 | $93.6M | ||
| Q3 25 | $162.1M | $99.2M | ||
| Q2 25 | $194.3M | $70.2M | ||
| Q1 25 | $115.1M | $44.5M | ||
| Q4 24 | $143.5M | $107.9M | ||
| Q3 24 | $129.4M | $80.9M | ||
| Q2 24 | $199.9M | $71.2M | ||
| Q1 24 | $95.7M | $74.2M |
| Q4 25 | $12.8M | $52.4M | ||
| Q3 25 | $8.0M | $58.3M | ||
| Q2 25 | $26.0M | $7.5M | ||
| Q1 25 | $148.0K | $9.7M | ||
| Q4 24 | $7.9M | $46.5M | ||
| Q3 24 | $32.3M | $41.4M | ||
| Q2 24 | $24.3M | $25.4M | ||
| Q1 24 | $-8.4M | $47.6M |
| 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% | — |
| Q4 25 | 10.5% | 38.6% | ||
| Q3 25 | 8.7% | 47.4% | ||
| Q2 25 | 19.0% | 24.2% | ||
| Q1 25 | 2.8% | -14.2% | ||
| Q4 24 | 9.0% | 51.1% | ||
| Q3 24 | 35.4% | 32.8% | ||
| Q2 24 | 18.2% | 40.2% | ||
| Q1 24 | -6.7% | 43.6% |
| Q4 25 | 7.0% | 56.0% | ||
| Q3 25 | 4.9% | 58.7% | ||
| Q2 25 | 13.4% | 10.7% | ||
| Q1 25 | 0.1% | 21.8% | ||
| Q4 24 | 5.5% | 43.1% | ||
| Q3 24 | 24.9% | 51.2% | ||
| Q2 24 | 12.2% | 35.7% | ||
| Q1 24 | -8.7% | 64.2% |
| Q4 25 | $0.54 | $0.49 | ||
| Q3 25 | $0.33 | $0.55 | ||
| Q2 25 | $1.09 | $-0.04 | ||
| Q1 25 | $0.00 | $-0.01 | ||
| Q4 24 | $0.35 | $0.45 | ||
| Q3 24 | $1.36 | $0.36 | ||
| Q2 24 | $1.02 | $0.17 | ||
| Q1 24 | $-0.37 | $0.39 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $190.5M |
| Total DebtLower is stronger | $144.0M | $1.1B |
| Stockholders' EquityBook value | $281.4M | $1.9B |
| Total Assets | $626.7M | $21.3B |
| Debt / EquityLower = less leverage | 0.51× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $190.5M | ||
| Q3 25 | — | $181.0M | ||
| Q2 25 | — | $108.6M | ||
| Q1 25 | — | $204.2M | ||
| Q4 24 | — | $103.2M | ||
| Q3 24 | — | $102.8M | ||
| Q2 24 | — | $336.3M | ||
| Q1 24 | — | $343.3M |
| Q4 25 | $144.0M | $1.1B | ||
| Q3 25 | — | $299.0M | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $968.4M | ||
| Q4 24 | $147.5M | $1.0B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | — | $5.4B | ||
| Q1 24 | — | $5.1B |
| Q4 25 | $281.4M | $1.9B | ||
| Q3 25 | $275.3M | $1.9B | ||
| Q2 25 | $273.3M | $1.9B | ||
| Q1 25 | $258.9M | $1.9B | ||
| Q4 24 | $264.2M | $1.9B | ||
| Q3 24 | $260.8M | $1.9B | ||
| Q2 24 | $236.7M | $1.9B | ||
| Q1 24 | $217.2M | $2.0B |
| Q4 25 | $626.7M | $21.3B | ||
| Q3 25 | $694.9M | $18.5B | ||
| Q2 25 | $671.5M | $16.8B | ||
| Q1 25 | $621.0M | $14.9B | ||
| Q4 24 | $590.0M | $14.4B | ||
| Q3 24 | $665.6M | $13.1B | ||
| Q2 24 | $617.0M | $12.1B | ||
| Q1 24 | $577.1M | $12.3B |
| Q4 25 | 0.51× | 0.58× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.65× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | 0.56× | 0.52× | ||
| Q3 24 | — | 2.70× | ||
| Q2 24 | — | 2.76× | ||
| Q1 24 | — | 2.60× |
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 | $95.9M | $-7.2B |
| Free Cash FlowOCF − Capex | $92.8M | — |
| FCF MarginFCF / Revenue | 50.3% | — |
| Capex IntensityCapex / Revenue | 1.7% | — |
| Cash ConversionOCF / Net Profit | 7.47× | -137.76× |
| TTM Free Cash FlowTrailing 4 quarters | $63.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.9M | $-7.2B | ||
| Q3 25 | $-8.5M | $-1.3B | ||
| Q2 25 | $-11.4M | $-2.0B | ||
| Q1 25 | $-1.3M | $-594.3M | ||
| Q4 24 | $74.4M | $-2.7B | ||
| Q3 24 | $-14.2M | $-983.8M | ||
| Q2 24 | $2.5M | $243.8M | ||
| Q1 24 | $-21.6M | $-342.4M |
| Q4 25 | $92.8M | — | ||
| Q3 25 | $-11.4M | — | ||
| Q2 25 | $-14.3M | — | ||
| Q1 25 | $-3.5M | — | ||
| Q4 24 | $70.2M | — | ||
| Q3 24 | $-15.2M | — | ||
| Q2 24 | $836.0K | — | ||
| Q1 24 | $-22.4M | — |
| Q4 25 | 50.3% | — | ||
| Q3 25 | -7.1% | — | ||
| Q2 25 | -7.4% | — | ||
| Q1 25 | -3.0% | — | ||
| Q4 24 | 48.9% | — | ||
| Q3 24 | -11.8% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | -23.4% | — |
| Q4 25 | 1.7% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 1.9% | — | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 0.8% | — | ||
| Q2 24 | 0.8% | — | ||
| Q1 24 | 0.8% | — |
| Q4 25 | 7.47× | -137.76× | ||
| Q3 25 | -1.07× | -22.26× | ||
| Q2 25 | -0.44× | -267.53× | ||
| Q1 25 | -9.03× | -61.39× | ||
| Q4 24 | 9.41× | -58.08× | ||
| Q3 24 | -0.44× | -23.76× | ||
| Q2 24 | 0.10× | 9.59× | ||
| Q1 24 | — | -7.19× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PLOW
| Work Truck Solutions | $101.5M | 55% |
| Transferred At Point In Time | $83.1M | 45% |
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
