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Side-by-side financial comparison of DOUGLAS DYNAMICS, INC (PLOW) and T1 Energy Inc. (TE). Click either name above to swap in a different company.
T1 Energy Inc. is the larger business by last-quarter revenue ($210.5M vs $184.5M, roughly 1.1× DOUGLAS DYNAMICS, INC). DOUGLAS DYNAMICS, INC runs the higher net margin — 7.0% vs -62.0%, a 69.0% gap on every dollar of revenue. DOUGLAS DYNAMICS, INC produced more free cash flow last quarter ($92.8M vs $55.0M).
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...
Sony Energy Devices Corporation , is a Japanese multinational company specializing in a variety of areas in the energy industry, and is a wholly owned subsidiary and part of the Devices Group of Sony. The company was established in February 1975 in Fukushima, Japan.
PLOW vs TE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $184.5M | $210.5M |
| Net Profit | $12.8M | $-130.6M |
| Gross Margin | 26.1% | 10.0% |
| Operating Margin | 10.5% | -45.0% |
| Net Margin | 7.0% | -62.0% |
| Revenue YoY | 28.6% | — |
| Net Profit YoY | 62.3% | -375.2% |
| EPS (diluted) | $0.54 | $-0.87 |
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 | — | ||
| Q3 25 | $162.1M | $210.5M | ||
| Q2 25 | $194.3M | $132.8M | ||
| Q1 25 | $115.1M | $53.5M | ||
| Q4 24 | $143.5M | — | ||
| Q3 24 | $129.4M | $0 | ||
| Q2 24 | $199.9M | $0 | ||
| Q1 24 | $95.7M | $0 |
| Q4 25 | $12.8M | — | ||
| Q3 25 | $8.0M | $-130.6M | ||
| Q2 25 | $26.0M | $-31.9M | ||
| Q1 25 | $148.0K | $-16.2M | ||
| Q4 24 | $7.9M | — | ||
| Q3 24 | $32.3M | $-27.5M | ||
| Q2 24 | $24.3M | $-27.0M | ||
| Q1 24 | $-8.4M | $-28.5M |
| Q4 25 | 26.1% | — | ||
| Q3 25 | 23.5% | 10.0% | ||
| Q2 25 | 31.0% | 24.7% | ||
| Q1 25 | 24.5% | 33.3% | ||
| Q4 24 | 24.9% | — | ||
| Q3 24 | 23.9% | — | ||
| Q2 24 | 30.7% | — | ||
| Q1 24 | 19.8% | — |
| Q4 25 | 10.5% | — | ||
| Q3 25 | 8.7% | -45.0% | ||
| Q2 25 | 19.0% | -22.0% | ||
| Q1 25 | 2.8% | -44.2% | ||
| Q4 24 | 9.0% | — | ||
| Q3 24 | 35.4% | — | ||
| Q2 24 | 18.2% | — | ||
| Q1 24 | -6.7% | — |
| Q4 25 | 7.0% | — | ||
| Q3 25 | 4.9% | -62.0% | ||
| Q2 25 | 13.4% | -24.0% | ||
| Q1 25 | 0.1% | -30.4% | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 24.9% | — | ||
| Q2 24 | 12.2% | — | ||
| Q1 24 | -8.7% | — |
| Q4 25 | $0.54 | — | ||
| Q3 25 | $0.33 | $-0.87 | ||
| Q2 25 | $1.09 | $-0.21 | ||
| Q1 25 | $0.00 | $-0.11 | ||
| Q4 24 | $0.35 | — | ||
| Q3 24 | $1.36 | $-0.20 | ||
| Q2 24 | $1.02 | $-0.19 | ||
| Q1 24 | $-0.37 | $-0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $34.1M |
| Total DebtLower is stronger | $144.0M | $547.3M |
| Stockholders' EquityBook value | $281.4M | $96.9M |
| Total Assets | $626.7M | $1.4B |
| Debt / EquityLower = less leverage | 0.51× | 5.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | $34.1M | ||
| Q2 25 | — | $8.5M | ||
| Q1 25 | — | $48.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $181.9M | ||
| Q2 24 | — | $219.6M | ||
| Q1 24 | — | $249.9M |
| Q4 25 | $144.0M | — | ||
| Q3 25 | — | $547.3M | ||
| Q2 25 | — | $591.2M | ||
| Q1 25 | — | $603.2M | ||
| Q4 24 | $147.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $602.3M |
| Q4 25 | $281.4M | — | ||
| Q3 25 | $275.3M | $96.9M | ||
| Q2 25 | $273.3M | $183.9M | ||
| Q1 25 | $258.9M | $201.9M | ||
| Q4 24 | $264.2M | — | ||
| Q3 24 | $260.8M | $538.7M | ||
| Q2 24 | $236.7M | $561.6M | ||
| Q1 24 | $217.2M | $582.3M |
| Q4 25 | $626.7M | — | ||
| Q3 25 | $694.9M | $1.4B | ||
| Q2 25 | $671.5M | $1.4B | ||
| Q1 25 | $621.0M | $1.4B | ||
| Q4 24 | $590.0M | — | ||
| Q3 24 | $665.6M | $615.0M | ||
| Q2 24 | $617.0M | $644.4M | ||
| Q1 24 | $577.1M | $670.3M |
| Q4 25 | 0.51× | — | ||
| Q3 25 | — | 5.65× | ||
| Q2 25 | — | 3.21× | ||
| Q1 25 | — | 2.99× | ||
| Q4 24 | 0.56× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.03× |
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 | $63.9M |
| Free Cash FlowOCF − Capex | $92.8M | $55.0M |
| FCF MarginFCF / Revenue | 50.3% | 26.1% |
| Capex IntensityCapex / Revenue | 1.7% | 4.2% |
| Cash ConversionOCF / Net Profit | 7.47× | — |
| TTM Free Cash FlowTrailing 4 quarters | $63.6M | $-42.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.9M | — | ||
| Q3 25 | $-8.5M | $63.9M | ||
| Q2 25 | $-11.4M | $33.4M | ||
| Q1 25 | $-1.3M | $-44.8M | ||
| Q4 24 | $74.4M | — | ||
| Q3 24 | $-14.2M | $-28.4M | ||
| Q2 24 | $2.5M | $-28.0M | ||
| Q1 24 | $-21.6M | $-16.2M |
| Q4 25 | $92.8M | — | ||
| Q3 25 | $-11.4M | $55.0M | ||
| Q2 25 | $-14.3M | $10.6M | ||
| Q1 25 | $-3.5M | $-74.0M | ||
| Q4 24 | $70.2M | — | ||
| Q3 24 | $-15.2M | $-34.0M | ||
| Q2 24 | $836.0K | $-35.6M | ||
| Q1 24 | $-22.4M | $-37.7M |
| Q4 25 | 50.3% | — | ||
| Q3 25 | -7.1% | 26.1% | ||
| Q2 25 | -7.4% | 8.0% | ||
| Q1 25 | -3.0% | -138.4% | ||
| Q4 24 | 48.9% | — | ||
| Q3 24 | -11.8% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | -23.4% | — |
| Q4 25 | 1.7% | — | ||
| Q3 25 | 1.8% | 4.2% | ||
| Q2 25 | 1.5% | 17.2% | ||
| Q1 25 | 1.9% | 54.5% | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 0.8% | — | ||
| Q2 24 | 0.8% | — | ||
| Q1 24 | 0.8% | — |
| Q4 25 | 7.47× | — | ||
| Q3 25 | -1.07× | — | ||
| Q2 25 | -0.44× | — | ||
| Q1 25 | -9.03× | — | ||
| Q4 24 | 9.41× | — | ||
| 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% |
TE
| Related Party | $120.1M | 57% |
| Nonrelated Party | $90.4M | 43% |
