vs
Side-by-side financial comparison of DOUGLAS DYNAMICS, INC (PLOW) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
DOUGLAS DYNAMICS, INC is the larger business by last-quarter revenue ($184.5M vs $103.6M, roughly 1.8× TACTILE SYSTEMS TECHNOLOGY INC). TACTILE SYSTEMS TECHNOLOGY INC runs the higher net margin — 10.3% vs 7.0%, a 3.3% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs 21.0%). DOUGLAS DYNAMICS, INC produced more free cash flow last quarter ($92.8M vs $16.8M). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs 30.2%).
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...
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
PLOW vs TCMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $184.5M | $103.6M |
| Net Profit | $12.8M | $10.6M |
| Gross Margin | 26.1% | 78.2% |
| Operating Margin | 10.5% | 18.1% |
| Net Margin | 7.0% | 10.3% |
| Revenue YoY | 28.6% | 21.0% |
| Net Profit YoY | 62.3% | 9.4% |
| EPS (diluted) | $0.54 | $0.45 |
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 | $103.6M | ||
| Q3 25 | $162.1M | $85.8M | ||
| Q2 25 | $194.3M | $78.9M | ||
| Q1 25 | $115.1M | $61.3M | ||
| Q4 24 | $143.5M | $85.6M | ||
| Q3 24 | $129.4M | $73.1M | ||
| Q2 24 | $199.9M | $73.2M | ||
| Q1 24 | $95.7M | $61.1M |
| Q4 25 | $12.8M | $10.6M | ||
| Q3 25 | $8.0M | $8.2M | ||
| Q2 25 | $26.0M | $3.2M | ||
| Q1 25 | $148.0K | $-3.0M | ||
| Q4 24 | $7.9M | $9.7M | ||
| Q3 24 | $32.3M | $5.2M | ||
| Q2 24 | $24.3M | $4.3M | ||
| Q1 24 | $-8.4M | $-2.2M |
| Q4 25 | 26.1% | 78.2% | ||
| Q3 25 | 23.5% | 75.8% | ||
| Q2 25 | 31.0% | 74.5% | ||
| Q1 25 | 24.5% | 74.0% | ||
| Q4 24 | 24.9% | 75.2% | ||
| Q3 24 | 23.9% | 75.0% | ||
| Q2 24 | 30.7% | 73.9% | ||
| Q1 24 | 19.8% | 71.1% |
| Q4 25 | 10.5% | 18.1% | ||
| Q3 25 | 8.7% | 12.8% | ||
| Q2 25 | 19.0% | 5.2% | ||
| Q1 25 | 2.8% | -7.4% | ||
| Q4 24 | 9.0% | 14.6% | ||
| Q3 24 | 35.4% | 9.3% | ||
| Q2 24 | 18.2% | 8.0% | ||
| Q1 24 | -6.7% | -4.9% |
| Q4 25 | 7.0% | 10.3% | ||
| Q3 25 | 4.9% | 9.6% | ||
| Q2 25 | 13.4% | 4.1% | ||
| Q1 25 | 0.1% | -4.9% | ||
| Q4 24 | 5.5% | 11.4% | ||
| Q3 24 | 24.9% | 7.1% | ||
| Q2 24 | 12.2% | 5.9% | ||
| Q1 24 | -8.7% | -3.6% |
| Q4 25 | $0.54 | $0.45 | ||
| Q3 25 | $0.33 | $0.36 | ||
| Q2 25 | $1.09 | $0.14 | ||
| Q1 25 | $0.00 | $-0.13 | ||
| Q4 24 | $0.35 | $0.40 | ||
| Q3 24 | $1.36 | $0.21 | ||
| Q2 24 | $1.02 | $0.18 | ||
| Q1 24 | $-0.37 | $-0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $83.4M |
| Total DebtLower is stronger | $144.0M | $0 |
| Stockholders' EquityBook value | $281.4M | $218.9M |
| Total Assets | $626.7M | $273.9M |
| Debt / EquityLower = less leverage | 0.51× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $83.4M | ||
| Q3 25 | — | $66.0M | ||
| Q2 25 | — | $81.5M | ||
| Q1 25 | — | $83.6M | ||
| Q4 24 | — | $94.4M | ||
| Q3 24 | — | $82.1M | ||
| Q2 24 | — | $73.6M | ||
| Q1 24 | — | $60.7M |
| Q4 25 | $144.0M | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $147.5M | — | ||
| Q3 24 | — | $27.0M | ||
| Q2 24 | — | $27.8M | ||
| Q1 24 | — | $28.5M |
| Q4 25 | $281.4M | $218.9M | ||
| Q3 25 | $275.3M | $204.9M | ||
| Q2 25 | $273.3M | $194.9M | ||
| Q1 25 | $258.9M | $205.6M | ||
| Q4 24 | $264.2M | $216.6M | ||
| Q3 24 | $260.8M | $207.9M | ||
| Q2 24 | $236.7M | $200.7M | ||
| Q1 24 | $217.2M | $193.5M |
| Q4 25 | $626.7M | $273.9M | ||
| Q3 25 | $694.9M | $259.2M | ||
| Q2 25 | $671.5M | $273.0M | ||
| Q1 25 | $621.0M | $280.2M | ||
| Q4 24 | $590.0M | $297.9M | ||
| Q3 24 | $665.6M | $287.7M | ||
| Q2 24 | $617.0M | $278.8M | ||
| Q1 24 | $577.1M | $272.0M |
| Q4 25 | 0.51× | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.56× | — | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.15× |
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 | $17.3M |
| Free Cash FlowOCF − Capex | $92.8M | $16.8M |
| FCF MarginFCF / Revenue | 50.3% | 16.2% |
| Capex IntensityCapex / Revenue | 1.7% | 0.5% |
| Cash ConversionOCF / Net Profit | 7.47× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $63.6M | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.9M | $17.3M | ||
| Q3 25 | $-8.5M | $10.3M | ||
| Q2 25 | $-11.4M | $14.8M | ||
| Q1 25 | $-1.3M | $417.0K | ||
| Q4 24 | $74.4M | $16.3M | ||
| Q3 24 | $-14.2M | $10.3M | ||
| Q2 24 | $2.5M | $13.1M | ||
| Q1 24 | $-21.6M | $924.0K |
| Q4 25 | $92.8M | $16.8M | ||
| Q3 25 | $-11.4M | $9.2M | ||
| Q2 25 | $-14.3M | $14.4M | ||
| Q1 25 | $-3.5M | $38.0K | ||
| Q4 24 | $70.2M | $15.9M | ||
| Q3 24 | $-15.2M | $9.3M | ||
| Q2 24 | $836.0K | $12.6M | ||
| Q1 24 | $-22.4M | $442.0K |
| Q4 25 | 50.3% | 16.2% | ||
| Q3 25 | -7.1% | 10.8% | ||
| Q2 25 | -7.4% | 18.2% | ||
| Q1 25 | -3.0% | 0.1% | ||
| Q4 24 | 48.9% | 18.5% | ||
| Q3 24 | -11.8% | 12.7% | ||
| Q2 24 | 0.4% | 17.3% | ||
| Q1 24 | -23.4% | 0.7% |
| Q4 25 | 1.7% | 0.5% | ||
| Q3 25 | 1.8% | 1.3% | ||
| Q2 25 | 1.5% | 0.5% | ||
| Q1 25 | 1.9% | 0.6% | ||
| Q4 24 | 2.9% | 0.5% | ||
| Q3 24 | 0.8% | 1.3% | ||
| Q2 24 | 0.8% | 0.7% | ||
| Q1 24 | 0.8% | 0.8% |
| Q4 25 | 7.47× | 1.63× | ||
| Q3 25 | -1.07× | 1.26× | ||
| Q2 25 | -0.44× | 4.59× | ||
| Q1 25 | -9.03× | — | ||
| Q4 24 | 9.41× | 1.68× | ||
| Q3 24 | -0.44× | 1.99× | ||
| Q2 24 | 0.10× | 3.06× | ||
| 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% |
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
