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Side-by-side financial comparison of DOUGLAS DYNAMICS, INC (PLOW) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
Tecnoglass Inc. is the larger business by last-quarter revenue ($245.3M vs $184.5M, roughly 1.3× DOUGLAS DYNAMICS, INC). Tecnoglass Inc. runs the higher net margin — 10.6% vs 7.0%, a 3.7% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs 2.4%). DOUGLAS DYNAMICS, INC produced more free cash flow last quarter ($92.8M vs $11.4M). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs 12.8%).
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...
Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.
PLOW vs TGLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $184.5M | $245.3M |
| Net Profit | $12.8M | $26.1M |
| Gross Margin | 26.1% | 40.0% |
| Operating Margin | 10.5% | 18.3% |
| Net Margin | 7.0% | 10.6% |
| Revenue YoY | 28.6% | 2.4% |
| Net Profit YoY | 62.3% | -44.5% |
| EPS (diluted) | $0.54 | $0.57 |
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 | $245.3M | ||
| Q3 25 | $162.1M | $260.5M | ||
| Q2 25 | $194.3M | $255.5M | ||
| Q1 25 | $115.1M | $222.3M | ||
| Q4 24 | $143.5M | $239.6M | ||
| Q3 24 | $129.4M | $238.3M | ||
| Q2 24 | $199.9M | $219.7M | ||
| Q1 24 | $95.7M | $192.6M |
| Q4 25 | $12.8M | $26.1M | ||
| Q3 25 | $8.0M | $47.2M | ||
| Q2 25 | $26.0M | $44.1M | ||
| Q1 25 | $148.0K | $42.2M | ||
| Q4 24 | $7.9M | $47.0M | ||
| Q3 24 | $32.3M | $49.5M | ||
| Q2 24 | $24.3M | $35.0M | ||
| Q1 24 | $-8.4M | $29.7M |
| Q4 25 | 26.1% | 40.0% | ||
| Q3 25 | 23.5% | 42.7% | ||
| Q2 25 | 31.0% | 44.7% | ||
| Q1 25 | 24.5% | 43.9% | ||
| Q4 24 | 24.9% | 44.5% | ||
| Q3 24 | 23.9% | 45.8% | ||
| Q2 24 | 30.7% | 40.8% | ||
| Q1 24 | 19.8% | 38.8% |
| Q4 25 | 10.5% | 18.3% | ||
| Q3 25 | 8.7% | 25.1% | ||
| Q2 25 | 19.0% | 24.0% | ||
| Q1 25 | 2.8% | 26.7% | ||
| Q4 24 | 9.0% | 28.0% | ||
| Q3 24 | 35.4% | 28.4% | ||
| Q2 24 | 18.2% | 23.3% | ||
| Q1 24 | -6.7% | 21.3% |
| Q4 25 | 7.0% | 10.6% | ||
| Q3 25 | 4.9% | 18.1% | ||
| Q2 25 | 13.4% | 17.3% | ||
| Q1 25 | 0.1% | 19.0% | ||
| Q4 24 | 5.5% | 19.6% | ||
| Q3 24 | 24.9% | 20.8% | ||
| Q2 24 | 12.2% | 15.9% | ||
| Q1 24 | -8.7% | 15.4% |
| Q4 25 | $0.54 | $0.57 | ||
| Q3 25 | $0.33 | $1.01 | ||
| Q2 25 | $1.09 | $0.94 | ||
| Q1 25 | $0.00 | $0.90 | ||
| Q4 24 | $0.35 | $1.00 | ||
| Q3 24 | $1.36 | $1.05 | ||
| Q2 24 | $1.02 | $0.75 | ||
| Q1 24 | $-0.37 | $0.63 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $104.1M |
| Total DebtLower is stronger | $144.0M | $174.4M |
| Stockholders' EquityBook value | $281.4M | $713.1M |
| Total Assets | $626.7M | $1.3B |
| Debt / EquityLower = less leverage | 0.51× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $104.1M | ||
| Q3 25 | — | $127.1M | ||
| Q2 25 | — | $140.9M | ||
| Q1 25 | — | $160.2M | ||
| Q4 24 | — | $137.5M | ||
| Q3 24 | — | $124.8M | ||
| Q2 24 | — | $129.5M | ||
| Q1 24 | — | $138.8M |
| Q4 25 | $144.0M | $174.4M | ||
| Q3 25 | — | $114.7M | ||
| Q2 25 | — | $110.6M | ||
| Q1 25 | — | $110.6M | ||
| Q4 24 | $147.5M | $111.1M | ||
| Q3 24 | — | $126.8M | ||
| Q2 24 | — | $144.7M | ||
| Q1 24 | — | $160.9M |
| Q4 25 | $281.4M | $713.1M | ||
| Q3 25 | $275.3M | $764.0M | ||
| Q2 25 | $273.3M | $736.0M | ||
| Q1 25 | $258.9M | $685.1M | ||
| Q4 24 | $264.2M | $631.2M | ||
| Q3 24 | $260.8M | $613.3M | ||
| Q2 24 | $236.7M | $574.8M | ||
| Q1 24 | $217.2M | $573.6M |
| Q4 25 | $626.7M | $1.3B | ||
| Q3 25 | $694.9M | $1.2B | ||
| Q2 25 | $671.5M | $1.2B | ||
| Q1 25 | $621.0M | $1.1B | ||
| Q4 24 | $590.0M | $1.0B | ||
| Q3 24 | $665.6M | $996.3M | ||
| Q2 24 | $617.0M | $942.5M | ||
| Q1 24 | $577.1M | $981.6M |
| Q4 25 | 0.51× | 0.24× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | 0.56× | 0.18× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.25× | ||
| Q1 24 | — | 0.28× |
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 | $31.0M |
| Free Cash FlowOCF − Capex | $92.8M | $11.4M |
| FCF MarginFCF / Revenue | 50.3% | 4.7% |
| Capex IntensityCapex / Revenue | 1.7% | 8.0% |
| Cash ConversionOCF / Net Profit | 7.47× | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $63.6M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.9M | $31.0M | ||
| Q3 25 | $-8.5M | $40.0M | ||
| Q2 25 | $-11.4M | $17.9M | ||
| Q1 25 | $-1.3M | $46.9M | ||
| Q4 24 | $74.4M | $61.1M | ||
| Q3 24 | $-14.2M | $41.5M | ||
| Q2 24 | $2.5M | $34.5M | ||
| Q1 24 | $-21.6M | $33.4M |
| Q4 25 | $92.8M | $11.4M | ||
| Q3 25 | $-11.4M | $21.2M | ||
| Q2 25 | $-14.3M | $-14.7M | ||
| Q1 25 | $-3.5M | $16.5M | ||
| Q4 24 | $70.2M | $35.4M | ||
| Q3 24 | $-15.2M | $17.8M | ||
| Q2 24 | $836.0K | $14.2M | ||
| Q1 24 | $-22.4M | $23.6M |
| Q4 25 | 50.3% | 4.7% | ||
| Q3 25 | -7.1% | 8.2% | ||
| Q2 25 | -7.4% | -5.7% | ||
| Q1 25 | -3.0% | 7.4% | ||
| Q4 24 | 48.9% | 14.8% | ||
| Q3 24 | -11.8% | 7.5% | ||
| Q2 24 | 0.4% | 6.5% | ||
| Q1 24 | -23.4% | 12.2% |
| Q4 25 | 1.7% | 8.0% | ||
| Q3 25 | 1.8% | 7.2% | ||
| Q2 25 | 1.5% | 12.7% | ||
| Q1 25 | 1.9% | 13.7% | ||
| Q4 24 | 2.9% | 10.7% | ||
| Q3 24 | 0.8% | 9.9% | ||
| Q2 24 | 0.8% | 9.2% | ||
| Q1 24 | 0.8% | 5.1% |
| Q4 25 | 7.47× | 1.19× | ||
| Q3 25 | -1.07× | 0.85× | ||
| Q2 25 | -0.44× | 0.41× | ||
| Q1 25 | -9.03× | 1.11× | ||
| Q4 24 | 9.41× | 1.30× | ||
| Q3 24 | -0.44× | 0.84× | ||
| Q2 24 | 0.10× | 0.98× | ||
| Q1 24 | — | 1.13× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
