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Side-by-side financial comparison of DOUGLAS DYNAMICS, INC (PLOW) and STAG Industrial, Inc. (STAG). Click either name above to swap in a different company.
STAG Industrial, Inc. is the larger business by last-quarter revenue ($224.2M vs $184.5M, roughly 1.2× DOUGLAS DYNAMICS, INC). STAG Industrial, Inc. runs the higher net margin — 27.6% vs 7.0%, a 20.7% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs 9.1%). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs 8.7%).
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...
Stag Arms is a firearms manufacturer founded in May 2003 and located in Cheyenne, Wyoming. Stag Arms is a manufacturer of the AR-15 type rifle, marketed as Stag-15 rifles. Stag advertises that all their weapons and accessories are made in the United States. They are best known for their left-handed AR-15 rifles, which use a mirror imaged upper receiver and have the ejection port reversed for left-handed shooters and the safety selector control on the right side of the lower receiver.
PLOW vs STAG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $184.5M | $224.2M |
| Net Profit | $12.8M | $62.0M |
| Gross Margin | 26.1% | — |
| Operating Margin | 10.5% | — |
| Net Margin | 7.0% | 27.6% |
| Revenue YoY | 28.6% | 9.1% |
| Net Profit YoY | 62.3% | — |
| EPS (diluted) | $0.54 | $0.32 |
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.
| Q1 26 | — | $224.2M | ||
| Q4 25 | $184.5M | $220.9M | ||
| Q3 25 | $162.1M | $211.1M | ||
| Q2 25 | $194.3M | $207.6M | ||
| Q1 25 | $115.1M | $205.6M | ||
| Q4 24 | $143.5M | $199.3M | ||
| Q3 24 | $129.4M | $190.7M | ||
| Q2 24 | $199.9M | $189.8M |
| Q1 26 | — | $62.0M | ||
| Q4 25 | $12.8M | $83.5M | ||
| Q3 25 | $8.0M | $48.6M | ||
| Q2 25 | $26.0M | $50.0M | ||
| Q1 25 | $148.0K | $91.4M | ||
| Q4 24 | $7.9M | $51.0M | ||
| Q3 24 | $32.3M | $41.9M | ||
| Q2 24 | $24.3M | $59.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 10.5% | — | ||
| Q3 25 | 8.7% | — | ||
| Q2 25 | 19.0% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 9.0% | — | ||
| Q3 24 | 35.4% | — | ||
| Q2 24 | 18.2% | — |
| Q1 26 | — | 27.6% | ||
| Q4 25 | 7.0% | 37.8% | ||
| Q3 25 | 4.9% | 23.0% | ||
| Q2 25 | 13.4% | 24.1% | ||
| Q1 25 | 0.1% | 44.5% | ||
| Q4 24 | 5.5% | 25.6% | ||
| Q3 24 | 24.9% | 21.9% | ||
| Q2 24 | 12.2% | 31.5% |
| Q1 26 | — | $0.32 | ||
| Q4 25 | $0.54 | — | ||
| Q3 25 | $0.33 | — | ||
| Q2 25 | $1.09 | — | ||
| Q1 25 | $0.00 | — | ||
| Q4 24 | $0.35 | — | ||
| Q3 24 | $1.36 | — | ||
| Q2 24 | $1.02 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $8.9M |
| Total DebtLower is stronger | $144.0M | — |
| Stockholders' EquityBook value | $281.4M | $3.6B |
| Total Assets | $626.7M | $7.2B |
| Debt / EquityLower = less leverage | 0.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $8.9M | ||
| Q4 25 | — | $14.9M | ||
| Q3 25 | — | $17.3M | ||
| Q2 25 | — | $15.4M | ||
| Q1 25 | — | $9.3M | ||
| Q4 24 | — | $36.3M | ||
| Q3 24 | — | $70.0M | ||
| Q2 24 | — | $33.3M |
| Q1 26 | — | — | ||
| Q4 25 | $144.0M | $3.3B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | $147.5M | $3.0B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.8B |
| Q1 26 | — | $3.6B | ||
| Q4 25 | $281.4M | $3.6B | ||
| Q3 25 | $275.3M | $3.4B | ||
| Q2 25 | $273.3M | $3.4B | ||
| Q1 25 | $258.9M | $3.5B | ||
| Q4 24 | $264.2M | $3.5B | ||
| Q3 24 | $260.8M | $3.3B | ||
| Q2 24 | $236.7M | $3.3B |
| Q1 26 | — | $7.2B | ||
| Q4 25 | $626.7M | $7.2B | ||
| Q3 25 | $694.9M | $6.9B | ||
| Q2 25 | $671.5M | $6.8B | ||
| Q1 25 | $621.0M | $6.8B | ||
| Q4 24 | $590.0M | $6.8B | ||
| Q3 24 | $665.6M | $6.6B | ||
| Q2 24 | $617.0M | $6.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.51× | 0.91× | ||
| Q3 25 | — | 0.91× | ||
| Q2 25 | — | 0.88× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | 0.56× | 0.88× | ||
| Q3 24 | — | 0.89× | ||
| Q2 24 | — | 0.84× |
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 | — |
| Free Cash FlowOCF − Capex | $92.8M | — |
| FCF MarginFCF / Revenue | 50.3% | — |
| Capex IntensityCapex / Revenue | 1.7% | 3.9% |
| Cash ConversionOCF / Net Profit | 7.47× | — |
| TTM Free Cash FlowTrailing 4 quarters | $63.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $95.9M | $104.5M | ||
| Q3 25 | $-8.5M | $143.5M | ||
| Q2 25 | $-11.4M | $111.9M | ||
| Q1 25 | $-1.3M | $103.5M | ||
| Q4 24 | $74.4M | $104.9M | ||
| Q3 24 | $-14.2M | $128.0M | ||
| Q2 24 | $2.5M | $122.2M |
| Q1 26 | — | — | ||
| Q4 25 | $92.8M | $43.8M | ||
| Q3 25 | $-11.4M | $95.5M | ||
| Q2 25 | $-14.3M | $62.3M | ||
| Q1 25 | $-3.5M | $57.2M | ||
| Q4 24 | $70.2M | $37.6M | ||
| Q3 24 | $-15.2M | $86.7M | ||
| Q2 24 | $836.0K | $105.0M |
| Q1 26 | — | — | ||
| Q4 25 | 50.3% | 19.8% | ||
| Q3 25 | -7.1% | 45.2% | ||
| Q2 25 | -7.4% | 30.0% | ||
| Q1 25 | -3.0% | 27.8% | ||
| Q4 24 | 48.9% | 18.8% | ||
| Q3 24 | -11.8% | 45.5% | ||
| Q2 24 | 0.4% | 55.3% |
| Q1 26 | — | 3.9% | ||
| Q4 25 | 1.7% | 27.4% | ||
| Q3 25 | 1.8% | 22.7% | ||
| Q2 25 | 1.5% | 23.9% | ||
| Q1 25 | 1.9% | 22.5% | ||
| Q4 24 | 2.9% | 33.8% | ||
| Q3 24 | 0.8% | 21.6% | ||
| Q2 24 | 0.8% | 9.1% |
| Q1 26 | — | — | ||
| Q4 25 | 7.47× | 1.25× | ||
| Q3 25 | -1.07× | 2.95× | ||
| Q2 25 | -0.44× | 2.24× | ||
| Q1 25 | -9.03× | 1.13× | ||
| Q4 24 | 9.41× | 2.06× | ||
| Q3 24 | -0.44× | 3.06× | ||
| Q2 24 | 0.10× | 2.04× |
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% |
STAG
Segment breakdown not available.
