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Side-by-side financial comparison of DOUGLAS DYNAMICS, INC (PLOW) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.
Perella Weinberg Partners is the larger business by last-quarter revenue ($219.2M vs $184.5M, roughly 1.2× DOUGLAS DYNAMICS, INC). DOUGLAS DYNAMICS, INC runs the higher net margin — 7.0% vs 6.3%, a 0.7% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs -2.9%). DOUGLAS DYNAMICS, INC produced more free cash flow last quarter ($92.8M vs $30.5M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% CAGR vs 38.9%).
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...
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.
PLOW vs PWP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $184.5M | $219.2M |
| Net Profit | $12.8M | $13.8M |
| Gross Margin | 26.1% | — |
| Operating Margin | 10.5% | 8.5% |
| Net Margin | 7.0% | 6.3% |
| Revenue YoY | 28.6% | -2.9% |
| Net Profit YoY | 62.3% | — |
| EPS (diluted) | $0.54 | $0.11 |
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 | $219.2M | ||
| Q3 25 | $162.1M | $164.6M | ||
| Q2 25 | $194.3M | $155.3M | ||
| Q1 25 | $115.1M | $211.8M | ||
| Q4 24 | $143.5M | $225.7M | ||
| Q3 24 | $129.4M | $278.2M | ||
| Q2 24 | $199.9M | $272.0M | ||
| Q1 24 | $95.7M | $102.1M |
| Q4 25 | $12.8M | $13.8M | ||
| Q3 25 | $8.0M | $6.0M | ||
| Q2 25 | $26.0M | $2.7M | ||
| Q1 25 | $148.0K | $17.3M | ||
| Q4 24 | $7.9M | — | ||
| Q3 24 | $32.3M | $16.4M | ||
| Q2 24 | $24.3M | $-66.0M | ||
| Q1 24 | $-8.4M | $-35.8M |
| 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% | 8.5% | ||
| Q3 25 | 8.7% | 5.4% | ||
| Q2 25 | 19.0% | 5.8% | ||
| Q1 25 | 2.8% | 5.5% | ||
| Q4 24 | 9.0% | — | ||
| Q3 24 | 35.4% | 12.9% | ||
| Q2 24 | 18.2% | -30.2% | ||
| Q1 24 | -6.7% | -52.4% |
| Q4 25 | 7.0% | 6.3% | ||
| Q3 25 | 4.9% | 3.6% | ||
| Q2 25 | 13.4% | 1.8% | ||
| Q1 25 | 0.1% | 8.2% | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 24.9% | 5.9% | ||
| Q2 24 | 12.2% | -24.3% | ||
| Q1 24 | -8.7% | -35.1% |
| Q4 25 | $0.54 | $0.11 | ||
| Q3 25 | $0.33 | $0.08 | ||
| Q2 25 | $1.09 | $0.04 | ||
| Q1 25 | $0.00 | $0.24 | ||
| Q4 24 | $0.35 | — | ||
| Q3 24 | $1.36 | $0.24 | ||
| Q2 24 | $1.02 | $-1.21 | ||
| Q1 24 | $-0.37 | $-0.91 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $255.9M |
| Total DebtLower is stronger | $144.0M | — |
| Stockholders' EquityBook value | $281.4M | $-127.4M |
| Total Assets | $626.7M | $797.6M |
| Debt / EquityLower = less leverage | 0.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $255.9M | ||
| Q3 25 | — | $185.5M | ||
| Q2 25 | — | $145.0M | ||
| Q1 25 | — | $111.2M | ||
| Q4 24 | — | $407.4M | ||
| Q3 24 | — | $335.1M | ||
| Q2 24 | — | $185.3M | ||
| Q1 24 | — | $156.7M |
| Q4 25 | $144.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $147.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $281.4M | $-127.4M | ||
| Q3 25 | $275.3M | $-302.4M | ||
| Q2 25 | $273.3M | $-318.4M | ||
| Q1 25 | $258.9M | $-323.1M | ||
| Q4 24 | $264.2M | $-421.4M | ||
| Q3 24 | $260.8M | $-360.8M | ||
| Q2 24 | $236.7M | $-283.0M | ||
| Q1 24 | $217.2M | $161.9M |
| Q4 25 | $626.7M | $797.6M | ||
| Q3 25 | $694.9M | $650.2M | ||
| Q2 25 | $671.5M | $606.7M | ||
| Q1 25 | $621.0M | $570.5M | ||
| Q4 24 | $590.0M | $876.8M | ||
| Q3 24 | $665.6M | $810.9M | ||
| Q2 24 | $617.0M | $645.5M | ||
| Q1 24 | $577.1M | $583.6M |
| 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 | $95.9M | $34.8M |
| Free Cash FlowOCF − Capex | $92.8M | $30.5M |
| FCF MarginFCF / Revenue | 50.3% | 13.9% |
| Capex IntensityCapex / Revenue | 1.7% | 2.0% |
| Cash ConversionOCF / Net Profit | 7.47× | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | $63.6M | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.9M | $34.8M | ||
| Q3 25 | $-8.5M | $59.2M | ||
| Q2 25 | $-11.4M | $56.1M | ||
| Q1 25 | $-1.3M | $-176.5M | ||
| Q4 24 | $74.4M | $223.4M | ||
| Q3 24 | $-14.2M | $200.3M | ||
| Q2 24 | $2.5M | $90.0M | ||
| Q1 24 | $-21.6M | $-206.3M |
| Q4 25 | $92.8M | $30.5M | ||
| Q3 25 | $-11.4M | $57.6M | ||
| Q2 25 | $-14.3M | $55.3M | ||
| Q1 25 | $-3.5M | $-177.6M | ||
| Q4 24 | $70.2M | $207.0M | ||
| Q3 24 | $-15.2M | $199.3M | ||
| Q2 24 | $836.0K | $83.7M | ||
| Q1 24 | $-22.4M | $-214.8M |
| Q4 25 | 50.3% | 13.9% | ||
| Q3 25 | -7.1% | 35.0% | ||
| Q2 25 | -7.4% | 35.6% | ||
| Q1 25 | -3.0% | -83.8% | ||
| Q4 24 | 48.9% | 91.7% | ||
| Q3 24 | -11.8% | 71.6% | ||
| Q2 24 | 0.4% | 30.8% | ||
| Q1 24 | -23.4% | -210.3% |
| Q4 25 | 1.7% | 2.0% | ||
| Q3 25 | 1.8% | 0.9% | ||
| Q2 25 | 1.5% | 0.5% | ||
| Q1 25 | 1.9% | 0.5% | ||
| Q4 24 | 2.9% | 7.3% | ||
| Q3 24 | 0.8% | 0.4% | ||
| Q2 24 | 0.8% | 2.3% | ||
| Q1 24 | 0.8% | 8.3% |
| Q4 25 | 7.47× | 2.52× | ||
| Q3 25 | -1.07× | 9.85× | ||
| Q2 25 | -0.44× | 20.50× | ||
| Q1 25 | -9.03× | -10.18× | ||
| Q4 24 | 9.41× | — | ||
| Q3 24 | -0.44× | 12.23× | ||
| Q2 24 | 0.10× | — | ||
| Q1 24 | — | — |
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% |
PWP
Segment breakdown not available.
