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Side-by-side financial comparison of DOUGLAS DYNAMICS, INC (PLOW) and Bio-Techne (TECH). Click either name above to swap in a different company.
Bio-Techne is the larger business by last-quarter revenue ($295.9M vs $184.5M, roughly 1.6× DOUGLAS DYNAMICS, INC). Bio-Techne runs the higher net margin — 12.8% vs 7.0%, a 5.9% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs -6.4%). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs 4.2%).
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...
Bio-Techne Corporation is an American life sciences company that develops, manufactures and sells life science reagents, instruments and services for the research, diagnostic, and bioprocessing markets.
PLOW vs TECH — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $184.5M | $295.9M |
| Net Profit | $12.8M | $38.0M |
| Gross Margin | 26.1% | 64.6% |
| Operating Margin | 10.5% | 18.4% |
| Net Margin | 7.0% | 12.8% |
| Revenue YoY | 28.6% | -6.4% |
| Net Profit YoY | 62.3% | 68.3% |
| EPS (diluted) | $0.54 | $0.24 |
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 | $295.9M | ||
| Q3 25 | $162.1M | — | ||
| Q2 25 | $194.3M | $317.0M | ||
| Q1 25 | $115.1M | $316.2M | ||
| Q4 24 | $143.5M | $297.0M | ||
| Q3 24 | $129.4M | $289.5M | ||
| Q2 24 | $199.9M | $306.1M | ||
| Q1 24 | $95.7M | $303.4M |
| Q4 25 | $12.8M | $38.0M | ||
| Q3 25 | $8.0M | — | ||
| Q2 25 | $26.0M | $-17.7M | ||
| Q1 25 | $148.0K | $22.6M | ||
| Q4 24 | $7.9M | $34.9M | ||
| Q3 24 | $32.3M | $33.6M | ||
| Q2 24 | $24.3M | $40.6M | ||
| Q1 24 | $-8.4M | $49.1M |
| Q4 25 | 26.1% | 64.6% | ||
| Q3 25 | 23.5% | — | ||
| Q2 25 | 31.0% | 62.7% | ||
| Q1 25 | 24.5% | 67.9% | ||
| Q4 24 | 24.9% | 65.3% | ||
| Q3 24 | 23.9% | 63.2% | ||
| Q2 24 | 30.7% | 66.4% | ||
| Q1 24 | 19.8% | 67.4% |
| Q4 25 | 10.5% | 18.4% | ||
| Q3 25 | 8.7% | — | ||
| Q2 25 | 19.0% | -7.5% | ||
| Q1 25 | 2.8% | 12.2% | ||
| Q4 24 | 9.0% | 16.0% | ||
| Q3 24 | 35.4% | 13.8% | ||
| Q2 24 | 18.2% | 15.0% | ||
| Q1 24 | -6.7% | 22.1% |
| Q4 25 | 7.0% | 12.8% | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | 13.4% | -5.6% | ||
| Q1 25 | 0.1% | 7.1% | ||
| Q4 24 | 5.5% | 11.7% | ||
| Q3 24 | 24.9% | 11.6% | ||
| Q2 24 | 12.2% | 13.3% | ||
| Q1 24 | -8.7% | 16.2% |
| Q4 25 | $0.54 | $0.24 | ||
| Q3 25 | $0.33 | — | ||
| Q2 25 | $1.09 | $-0.11 | ||
| Q1 25 | $0.00 | $0.14 | ||
| Q4 24 | $0.35 | $0.22 | ||
| Q3 24 | $1.36 | $0.21 | ||
| Q2 24 | $1.02 | $0.26 | ||
| Q1 24 | $-0.37 | $0.31 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $172.9M |
| Total DebtLower is stronger | $144.0M | $260.0M |
| Stockholders' EquityBook value | $281.4M | $2.0B |
| Total Assets | $626.7M | $2.5B |
| Debt / EquityLower = less leverage | 0.51× | 0.13× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $172.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $162.2M | ||
| Q1 25 | — | $140.7M | ||
| Q4 24 | — | $177.5M | ||
| Q3 24 | — | $187.5M | ||
| Q2 24 | — | $152.9M | ||
| Q1 24 | — | $145.3M |
| Q4 25 | $144.0M | $260.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $346.0M | ||
| Q1 25 | — | $330.0M | ||
| Q4 24 | $147.5M | $300.0M | ||
| Q3 24 | — | $300.0M | ||
| Q2 24 | — | $319.0M | ||
| Q1 24 | — | $389.0M |
| Q4 25 | $281.4M | $2.0B | ||
| Q3 25 | $275.3M | — | ||
| Q2 25 | $273.3M | $1.9B | ||
| Q1 25 | $258.9M | $2.0B | ||
| Q4 24 | $264.2M | $2.1B | ||
| Q3 24 | $260.8M | $2.1B | ||
| Q2 24 | $236.7M | $2.1B | ||
| Q1 24 | $217.2M | $2.0B |
| Q4 25 | $626.7M | $2.5B | ||
| Q3 25 | $694.9M | — | ||
| Q2 25 | $671.5M | $2.6B | ||
| Q1 25 | $621.0M | $2.6B | ||
| Q4 24 | $590.0M | $2.7B | ||
| Q3 24 | $665.6M | $2.7B | ||
| Q2 24 | $617.0M | $2.7B | ||
| Q1 24 | $577.1M | $2.7B |
| Q4 25 | 0.51× | 0.13× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | 0.56× | 0.14× | ||
| Q3 24 | — | 0.14× | ||
| Q2 24 | — | 0.15× | ||
| Q1 24 | — | 0.19× |
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.
| Q4 25 | $95.9M | — | ||
| Q3 25 | $-8.5M | — | ||
| Q2 25 | $-11.4M | $98.2M | ||
| Q1 25 | $-1.3M | $41.1M | ||
| Q4 24 | $74.4M | $84.3M | ||
| Q3 24 | $-14.2M | $63.9M | ||
| Q2 24 | $2.5M | $75.5M | ||
| Q1 24 | $-21.6M | $81.0M |
| Q4 25 | $92.8M | — | ||
| Q3 25 | $-11.4M | — | ||
| Q2 25 | $-14.3M | $93.3M | ||
| Q1 25 | $-3.5M | $31.0M | ||
| Q4 24 | $70.2M | $77.5M | ||
| Q3 24 | $-15.2M | $54.7M | ||
| Q2 24 | $836.0K | $57.5M | ||
| Q1 24 | $-22.4M | $64.5M |
| Q4 25 | 50.3% | — | ||
| Q3 25 | -7.1% | — | ||
| Q2 25 | -7.4% | 29.4% | ||
| Q1 25 | -3.0% | 9.8% | ||
| Q4 24 | 48.9% | 26.1% | ||
| Q3 24 | -11.8% | 18.9% | ||
| Q2 24 | 0.4% | 18.8% | ||
| Q1 24 | -23.4% | 21.3% |
| Q4 25 | 1.7% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 1.5% | 1.5% | ||
| Q1 25 | 1.9% | 3.2% | ||
| Q4 24 | 2.9% | 2.3% | ||
| Q3 24 | 0.8% | 3.2% | ||
| Q2 24 | 0.8% | 5.9% | ||
| Q1 24 | 0.8% | 5.4% |
| Q4 25 | 7.47× | — | ||
| Q3 25 | -1.07× | — | ||
| Q2 25 | -0.44× | — | ||
| Q1 25 | -9.03× | 1.82× | ||
| Q4 24 | 9.41× | 2.42× | ||
| Q3 24 | -0.44× | 1.90× | ||
| Q2 24 | 0.10× | 1.86× | ||
| Q1 24 | — | 1.65× |
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% |
TECH
| Diagnostics And Spatial Biology | $81.2M | 27% |
| EMEA Excluding UK | $75.4M | 25% |
| Other | $42.4M | 14% |
| Instruments | $29.6M | 10% |
| APAC Excluding Greater China | $22.7M | 8% |
| Services | $22.3M | 8% |
| GB | $13.7M | 5% |
| Royalty | $8.5M | 3% |
