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Side-by-side financial comparison of DOUGLAS DYNAMICS, INC (PLOW) and TEXAS CAPITAL BANCSHARES INC (TCBI). Click either name above to swap in a different company.
TEXAS CAPITAL BANCSHARES INC is the larger business by last-quarter revenue ($324.0M vs $184.5M, roughly 1.8× DOUGLAS DYNAMICS, INC). TEXAS CAPITAL BANCSHARES INC runs the higher net margin — 22.8% vs 7.0%, a 15.8% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs 15.5%). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs 10.2%).
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...
Texas Capital Bank is a bank headquartered in Dallas, Texas. The bank has branches located in every major city in Texas. Its parent bank holding company is Texas Capital Bancshares. It also operates an online-only banking division, Bask Bank.
PLOW vs TCBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $184.5M | $324.0M |
| Net Profit | $12.8M | $73.8M |
| Gross Margin | 26.1% | — |
| Operating Margin | 10.5% | — |
| Net Margin | 7.0% | 22.8% |
| Revenue YoY | 28.6% | 15.5% |
| Net Profit YoY | 62.3% | 56.8% |
| EPS (diluted) | $0.54 | $1.56 |
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 | — | $324.0M | ||
| Q4 25 | $184.5M | $327.5M | ||
| Q3 25 | $162.1M | $340.4M | ||
| Q2 25 | $194.3M | $307.5M | ||
| Q1 25 | $115.1M | $280.5M | ||
| Q4 24 | $143.5M | $229.6M | ||
| Q3 24 | $129.4M | $125.3M | ||
| Q2 24 | $199.9M | $267.0M |
| Q1 26 | — | $73.8M | ||
| Q4 25 | $12.8M | $100.7M | ||
| Q3 25 | $8.0M | $105.2M | ||
| Q2 25 | $26.0M | $77.3M | ||
| Q1 25 | $148.0K | $47.0M | ||
| Q4 24 | $7.9M | $71.0M | ||
| Q3 24 | $32.3M | $-61.3M | ||
| Q2 24 | $24.3M | $41.7M |
| 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% | 40.4% | ||
| Q3 25 | 8.7% | 40.5% | ||
| Q2 25 | 19.0% | 33.2% | ||
| Q1 25 | 2.8% | 21.6% | ||
| Q4 24 | 9.0% | 40.7% | ||
| Q3 24 | 35.4% | -63.8% | ||
| Q2 24 | 18.2% | 21.9% |
| Q1 26 | — | 22.8% | ||
| Q4 25 | 7.0% | 30.7% | ||
| Q3 25 | 4.9% | 30.9% | ||
| Q2 25 | 13.4% | 25.2% | ||
| Q1 25 | 0.1% | 16.8% | ||
| Q4 24 | 5.5% | 30.9% | ||
| Q3 24 | 24.9% | -48.9% | ||
| Q2 24 | 12.2% | 15.6% |
| Q1 26 | — | $1.56 | ||
| Q4 25 | $0.54 | $2.11 | ||
| Q3 25 | $0.33 | $2.18 | ||
| Q2 25 | $1.09 | $1.58 | ||
| Q1 25 | $0.00 | $0.92 | ||
| Q4 24 | $0.35 | $1.43 | ||
| Q3 24 | $1.36 | $-1.41 | ||
| Q2 24 | $1.02 | $0.80 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $144.0M | $878.3M |
| Stockholders' EquityBook value | $281.4M | $3.6B |
| Total Assets | $626.7M | $33.5B |
| Debt / EquityLower = less leverage | 0.51× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $878.3M | ||
| Q4 25 | $144.0M | $620.6M | ||
| Q3 25 | — | $620.4M | ||
| Q2 25 | — | $620.3M | ||
| Q1 25 | — | $660.5M | ||
| Q4 24 | $147.5M | $660.3M | ||
| Q3 24 | — | $660.2M | ||
| Q2 24 | — | $660.0M |
| Q1 26 | — | $3.6B | ||
| Q4 25 | $281.4M | $3.6B | ||
| Q3 25 | $275.3M | $3.6B | ||
| Q2 25 | $273.3M | $3.5B | ||
| Q1 25 | $258.9M | $3.4B | ||
| Q4 24 | $264.2M | $3.4B | ||
| Q3 24 | $260.8M | $3.4B | ||
| Q2 24 | $236.7M | $3.2B |
| Q1 26 | — | $33.5B | ||
| Q4 25 | $626.7M | $31.5B | ||
| Q3 25 | $694.9M | $32.5B | ||
| Q2 25 | $671.5M | $31.9B | ||
| Q1 25 | $621.0M | $31.4B | ||
| Q4 24 | $590.0M | $30.7B | ||
| Q3 24 | $665.6M | $31.6B | ||
| Q2 24 | $617.0M | $29.9B |
| Q1 26 | — | 0.24× | ||
| Q4 25 | 0.51× | 0.17× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | 0.56× | 0.20× | ||
| Q3 24 | — | 0.20× | ||
| Q2 24 | — | 0.21× |
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% | — |
| 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 | $360.2M | ||
| Q3 25 | $-8.5M | $166.3M | ||
| Q2 25 | $-11.4M | $63.0M | ||
| Q1 25 | $-1.3M | $368.0K | ||
| Q4 24 | $74.4M | $480.1M | ||
| Q3 24 | $-14.2M | $332.8M | ||
| Q2 24 | $2.5M | $33.3M |
| Q1 26 | — | — | ||
| Q4 25 | $92.8M | $347.6M | ||
| Q3 25 | $-11.4M | $161.3M | ||
| Q2 25 | $-14.3M | $57.5M | ||
| Q1 25 | $-3.5M | $-2.0M | ||
| Q4 24 | $70.2M | $415.2M | ||
| Q3 24 | $-15.2M | $317.6M | ||
| Q2 24 | $836.0K | $11.1M |
| Q1 26 | — | — | ||
| Q4 25 | 50.3% | 106.1% | ||
| Q3 25 | -7.1% | 47.4% | ||
| Q2 25 | -7.4% | 18.7% | ||
| Q1 25 | -3.0% | -0.7% | ||
| Q4 24 | 48.9% | 180.9% | ||
| Q3 24 | -11.8% | 253.4% | ||
| Q2 24 | 0.4% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 3.8% | ||
| Q3 25 | 1.8% | 1.5% | ||
| Q2 25 | 1.5% | 1.8% | ||
| Q1 25 | 1.9% | 0.9% | ||
| Q4 24 | 2.9% | 28.2% | ||
| Q3 24 | 0.8% | 12.1% | ||
| Q2 24 | 0.8% | 8.3% |
| Q1 26 | — | — | ||
| Q4 25 | 7.47× | 3.58× | ||
| Q3 25 | -1.07× | 1.58× | ||
| Q2 25 | -0.44× | 0.81× | ||
| Q1 25 | -9.03× | 0.01× | ||
| Q4 24 | 9.41× | 6.76× | ||
| Q3 24 | -0.44× | — | ||
| Q2 24 | 0.10× | 0.80× |
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% |
TCBI
Segment breakdown not available.
