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Side-by-side financial comparison of DOUGLAS DYNAMICS, INC (PLOW) and ONE Group Hospitality, Inc. (STKS). Click either name above to swap in a different company.
ONE Group Hospitality, Inc. is the larger business by last-quarter revenue ($207.0M vs $184.5M, roughly 1.1× DOUGLAS DYNAMICS, INC). DOUGLAS DYNAMICS, INC runs the higher net margin — 7.0% vs -3.1%, a 10.0% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs -6.7%). DOUGLAS DYNAMICS, INC produced more free cash flow last quarter ($92.8M vs $-329.0K). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% 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...
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
PLOW vs STKS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $184.5M | $207.0M |
| Net Profit | $12.8M | $-6.4M |
| Gross Margin | 26.1% | — |
| Operating Margin | 10.5% | 2.2% |
| Net Margin | 7.0% | -3.1% |
| Revenue YoY | 28.6% | -6.7% |
| Net Profit YoY | 62.3% | -531.8% |
| EPS (diluted) | $0.54 | $-0.50 |
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 | $207.0M | ||
| Q3 25 | $162.1M | $180.2M | ||
| Q2 25 | $194.3M | $207.4M | ||
| Q1 25 | $115.1M | $211.1M | ||
| Q4 24 | $143.5M | $221.9M | ||
| Q3 24 | $129.4M | $194.0M | ||
| Q2 24 | $199.9M | $172.5M | ||
| Q1 24 | $95.7M | $85.0M |
| Q4 25 | $12.8M | $-6.4M | ||
| Q3 25 | $8.0M | $-76.7M | ||
| Q2 25 | $26.0M | $-10.1M | ||
| Q1 25 | $148.0K | $975.0K | ||
| Q4 24 | $7.9M | $1.5M | ||
| Q3 24 | $32.3M | $-9.3M | ||
| Q2 24 | $24.3M | $-7.3M | ||
| Q1 24 | $-8.4M | $-2.1M |
| 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% | 2.2% | ||
| Q3 25 | 8.7% | -4.4% | ||
| Q2 25 | 19.0% | 0.3% | ||
| Q1 25 | 2.8% | 5.1% | ||
| Q4 24 | 9.0% | 5.5% | ||
| Q3 24 | 35.4% | -1.9% | ||
| Q2 24 | 18.2% | 0.6% | ||
| Q1 24 | -6.7% | -0.7% |
| Q4 25 | 7.0% | -3.1% | ||
| Q3 25 | 4.9% | -42.6% | ||
| Q2 25 | 13.4% | -4.9% | ||
| Q1 25 | 0.1% | 0.5% | ||
| Q4 24 | 5.5% | 0.7% | ||
| Q3 24 | 24.9% | -4.8% | ||
| Q2 24 | 12.2% | -4.3% | ||
| Q1 24 | -8.7% | -2.4% |
| Q4 25 | $0.54 | $-0.50 | ||
| Q3 25 | $0.33 | $-2.75 | ||
| Q2 25 | $1.09 | $-0.59 | ||
| Q1 25 | $0.00 | $-0.21 | ||
| Q4 24 | $0.35 | $-0.18 | ||
| Q3 24 | $1.36 | $-0.53 | ||
| Q2 24 | $1.02 | $-0.38 | ||
| Q1 24 | $-0.37 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $4.2M |
| Total DebtLower is stronger | $144.0M | $354.2M |
| Stockholders' EquityBook value | $281.4M | $-75.8M |
| Total Assets | $626.7M | $884.2M |
| Debt / EquityLower = less leverage | 0.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $4.2M | ||
| Q3 25 | — | $5.5M | ||
| Q2 25 | — | $4.7M | ||
| Q1 25 | — | $21.4M | ||
| Q4 24 | — | $27.6M | ||
| Q3 24 | — | $28.2M | ||
| Q2 24 | — | $32.2M | ||
| Q1 24 | — | $15.4M |
| Q4 25 | $144.0M | $354.2M | ||
| Q3 25 | — | $355.0M | ||
| Q2 25 | — | $347.4M | ||
| Q1 25 | — | $348.3M | ||
| Q4 24 | $147.5M | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M | ||
| Q1 24 | — | $73.5M |
| Q4 25 | $281.4M | $-75.8M | ||
| Q3 25 | $275.3M | $-61.5M | ||
| Q2 25 | $273.3M | $23.0M | ||
| Q1 25 | $258.9M | $40.5M | ||
| Q4 24 | $264.2M | $45.9M | ||
| Q3 24 | $260.8M | $51.4M | ||
| Q2 24 | $236.7M | $68.1M | ||
| Q1 24 | $217.2M | $68.3M |
| Q4 25 | $626.7M | $884.2M | ||
| Q3 25 | $694.9M | $879.5M | ||
| Q2 25 | $671.5M | $935.7M | ||
| Q1 25 | $621.0M | $956.0M | ||
| Q4 24 | $590.0M | $960.1M | ||
| Q3 24 | $665.6M | $953.5M | ||
| Q2 24 | $617.0M | $945.9M | ||
| Q1 24 | $577.1M | $309.3M |
| Q4 25 | 0.51× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 15.07× | ||
| Q1 25 | — | 8.61× | ||
| Q4 24 | 0.56× | 7.59× | ||
| Q3 24 | — | 6.79× | ||
| Q2 24 | — | 5.14× | ||
| Q1 24 | — | 1.08× |
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 | $13.1M |
| Free Cash FlowOCF − Capex | $92.8M | $-329.0K |
| FCF MarginFCF / Revenue | 50.3% | -0.2% |
| Capex IntensityCapex / Revenue | 1.7% | 6.5% |
| Cash ConversionOCF / Net Profit | 7.47× | — |
| TTM Free Cash FlowTrailing 4 quarters | $63.6M | $-27.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.9M | $13.1M | ||
| Q3 25 | $-8.5M | $5.9M | ||
| Q2 25 | $-11.4M | $2.8M | ||
| Q1 25 | $-1.3M | $8.5M | ||
| Q4 24 | $74.4M | $18.5M | ||
| Q3 24 | $-14.2M | $19.1M | ||
| Q2 24 | $2.5M | $-3.8M | ||
| Q1 24 | $-21.6M | $10.4M |
| Q4 25 | $92.8M | $-329.0K | ||
| Q3 25 | $-11.4M | $-6.1M | ||
| Q2 25 | $-14.3M | $-15.0M | ||
| Q1 25 | $-3.5M | $-5.8M | ||
| Q4 24 | $70.2M | $733.0K | ||
| Q3 24 | $-15.2M | $287.0K | ||
| Q2 24 | $836.0K | $-23.0M | ||
| Q1 24 | $-22.4M | $-5.4M |
| Q4 25 | 50.3% | -0.2% | ||
| Q3 25 | -7.1% | -3.4% | ||
| Q2 25 | -7.4% | -7.2% | ||
| Q1 25 | -3.0% | -2.7% | ||
| Q4 24 | 48.9% | 0.3% | ||
| Q3 24 | -11.8% | 0.1% | ||
| Q2 24 | 0.4% | -13.3% | ||
| Q1 24 | -23.4% | -6.4% |
| Q4 25 | 1.7% | 6.5% | ||
| Q3 25 | 1.8% | 6.7% | ||
| Q2 25 | 1.5% | 8.6% | ||
| Q1 25 | 1.9% | 6.8% | ||
| Q4 24 | 2.9% | 8.0% | ||
| Q3 24 | 0.8% | 9.7% | ||
| Q2 24 | 0.8% | 11.1% | ||
| Q1 24 | 0.8% | 18.6% |
| Q4 25 | 7.47× | — | ||
| Q3 25 | -1.07× | — | ||
| Q2 25 | -0.44× | — | ||
| Q1 25 | -9.03× | 8.76× | ||
| Q4 24 | 9.41× | 12.54× | ||
| Q3 24 | -0.44× | — | ||
| 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% |
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
