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Side-by-side financial comparison of DOUGLAS DYNAMICS, INC (PLOW) and Townsquare Media, Inc. (TSQ). Click either name above to swap in a different company.

DOUGLAS DYNAMICS, INC is the larger business by last-quarter revenue ($184.5M vs $106.5M, roughly 1.7× Townsquare Media, Inc.). DOUGLAS DYNAMICS, INC runs the higher net margin — 7.0% vs -4.9%, a 11.8% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs -9.6%). DOUGLAS DYNAMICS, INC produced more free cash flow last quarter ($92.8M vs $9.2M). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs 3.4%).

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...

Townsquare Media, Inc. is an American radio network and media company based in Purchase, New York. The company started in radio and expanded into digital media toward the end of the 2000s, starting with the acquisition of the MOG Music Network. As of June 2024, Townsquare was the third-largest AM–FM operator in the country, owning 349 radio stations in 74 markets.

PLOW vs TSQ — Head-to-Head

Bigger by revenue
PLOW
PLOW
1.7× larger
PLOW
$184.5M
$106.5M
TSQ
Growing faster (revenue YoY)
PLOW
PLOW
+38.2% gap
PLOW
28.6%
-9.6%
TSQ
Higher net margin
PLOW
PLOW
11.8% more per $
PLOW
7.0%
-4.9%
TSQ
More free cash flow
PLOW
PLOW
$83.7M more FCF
PLOW
$92.8M
$9.2M
TSQ
Faster 2-yr revenue CAGR
PLOW
PLOW
Annualised
PLOW
38.9%
3.4%
TSQ

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PLOW
PLOW
TSQ
TSQ
Revenue
$184.5M
$106.5M
Net Profit
$12.8M
$-5.2M
Gross Margin
26.1%
24.1%
Operating Margin
10.5%
9.5%
Net Margin
7.0%
-4.9%
Revenue YoY
28.6%
-9.6%
Net Profit YoY
62.3%
-121.2%
EPS (diluted)
$0.54

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.

Revenue
PLOW
PLOW
TSQ
TSQ
Q4 25
$184.5M
$106.5M
Q3 25
$162.1M
$106.8M
Q2 25
$194.3M
$115.4M
Q1 25
$115.1M
$98.7M
Q4 24
$143.5M
$117.8M
Q3 24
$129.4M
$115.3M
Q2 24
$199.9M
$118.2M
Q1 24
$95.7M
$99.6M
Net Profit
PLOW
PLOW
TSQ
TSQ
Q4 25
$12.8M
$-5.2M
Q3 25
$8.0M
$-5.9M
Q2 25
$26.0M
$1.6M
Q1 25
$148.0K
$-2.0M
Q4 24
$7.9M
$24.6M
Q3 24
$32.3M
$10.8M
Q2 24
$24.3M
$-49.2M
Q1 24
$-8.4M
$1.1M
Gross Margin
PLOW
PLOW
TSQ
TSQ
Q4 25
26.1%
24.1%
Q3 25
23.5%
26.2%
Q2 25
31.0%
28.3%
Q1 25
24.5%
23.2%
Q4 24
24.9%
31.6%
Q3 24
23.9%
27.3%
Q2 24
30.7%
27.7%
Q1 24
19.8%
22.8%
Operating Margin
PLOW
PLOW
TSQ
TSQ
Q4 25
10.5%
9.5%
Q3 25
8.7%
5.6%
Q2 25
19.0%
18.2%
Q1 25
2.8%
7.2%
Q4 24
9.0%
18.1%
Q3 24
35.4%
13.1%
Q2 24
18.2%
-18.1%
Q1 24
-6.7%
6.7%
Net Margin
PLOW
PLOW
TSQ
TSQ
Q4 25
7.0%
-4.9%
Q3 25
4.9%
-5.5%
Q2 25
13.4%
1.4%
Q1 25
0.1%
-2.0%
Q4 24
5.5%
20.8%
Q3 24
24.9%
9.4%
Q2 24
12.2%
-41.7%
Q1 24
-8.7%
1.1%
EPS (diluted)
PLOW
PLOW
TSQ
TSQ
Q4 25
$0.54
Q3 25
$0.33
$-0.36
Q2 25
$1.09
$0.09
Q1 25
$0.00
$-0.12
Q4 24
$0.35
$1.76
Q3 24
$1.36
$0.63
Q2 24
$1.02
$-3.26
Q1 24
$-0.37
$0.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PLOW
PLOW
TSQ
TSQ
Cash + ST InvestmentsLiquidity on hand
$4.8M
Total DebtLower is stronger
$144.0M
$433.0M
Stockholders' EquityBook value
$281.4M
$-41.0M
Total Assets
$626.7M
$528.6M
Debt / EquityLower = less leverage
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLOW
PLOW
TSQ
TSQ
Q4 25
$4.8M
Q3 25
$3.2M
Q2 25
$3.2M
Q1 25
$5.5M
Q4 24
$33.0M
Q3 24
$21.8M
Q2 24
$28.5M
Q1 24
$56.6M
Total Debt
PLOW
PLOW
TSQ
TSQ
Q4 25
$144.0M
$433.0M
Q3 25
$437.6M
Q2 25
$439.7M
Q1 25
$448.4M
Q4 24
$147.5M
$465.8M
Q3 24
$476.7M
Q2 24
$487.1M
Q1 24
$500.1M
Stockholders' Equity
PLOW
PLOW
TSQ
TSQ
Q4 25
$281.4M
$-41.0M
Q3 25
$275.3M
$-34.0M
Q2 25
$273.3M
$-27.1M
Q1 25
$258.9M
$-26.8M
Q4 24
$264.2M
$-28.4M
Q3 24
$260.8M
$-52.5M
Q2 24
$236.7M
$-64.1M
Q1 24
$217.2M
$1.8M
Total Assets
PLOW
PLOW
TSQ
TSQ
Q4 25
$626.7M
$528.6M
Q3 25
$694.9M
$539.2M
Q2 25
$671.5M
$545.7M
Q1 25
$621.0M
$544.5M
Q4 24
$590.0M
$580.4M
Q3 24
$665.6M
$565.4M
Q2 24
$617.0M
$579.6M
Q1 24
$577.1M
$636.7M
Debt / Equity
PLOW
PLOW
TSQ
TSQ
Q4 25
0.51×
Q3 25
Q2 25
Q1 25
Q4 24
0.56×
Q3 24
Q2 24
Q1 24
271.80×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PLOW
PLOW
TSQ
TSQ
Operating Cash FlowLast quarter
$95.9M
$12.6M
Free Cash FlowOCF − Capex
$92.8M
$9.2M
FCF MarginFCF / Revenue
50.3%
8.6%
Capex IntensityCapex / Revenue
1.7%
3.2%
Cash ConversionOCF / Net Profit
7.47×
TTM Free Cash FlowTrailing 4 quarters
$63.6M
$15.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PLOW
PLOW
TSQ
TSQ
Q4 25
$95.9M
$12.6M
Q3 25
$-8.5M
$7.9M
Q2 25
$-11.4M
$10.2M
Q1 25
$-1.3M
$-66.0K
Q4 24
$74.4M
$28.2M
Q3 24
$-14.2M
$9.9M
Q2 24
$2.5M
$9.0M
Q1 24
$-21.6M
$1.7M
Free Cash Flow
PLOW
PLOW
TSQ
TSQ
Q4 25
$92.8M
$9.2M
Q3 25
$-11.4M
$4.3M
Q2 25
$-14.3M
$6.4M
Q1 25
$-3.5M
$-4.5M
Q4 24
$70.2M
$24.5M
Q3 24
$-15.2M
$4.8M
Q2 24
$836.0K
$4.8M
Q1 24
$-22.4M
$-2.8M
FCF Margin
PLOW
PLOW
TSQ
TSQ
Q4 25
50.3%
8.6%
Q3 25
-7.1%
4.1%
Q2 25
-7.4%
5.5%
Q1 25
-3.0%
-4.6%
Q4 24
48.9%
20.8%
Q3 24
-11.8%
4.1%
Q2 24
0.4%
4.0%
Q1 24
-23.4%
-2.8%
Capex Intensity
PLOW
PLOW
TSQ
TSQ
Q4 25
1.7%
3.2%
Q3 25
1.8%
3.3%
Q2 25
1.5%
3.3%
Q1 25
1.9%
4.5%
Q4 24
2.9%
3.1%
Q3 24
0.8%
4.4%
Q2 24
0.8%
3.6%
Q1 24
0.8%
4.4%
Cash Conversion
PLOW
PLOW
TSQ
TSQ
Q4 25
7.47×
Q3 25
-1.07×
Q2 25
-0.44×
6.51×
Q1 25
-9.03×
Q4 24
9.41×
1.15×
Q3 24
-0.44×
0.91×
Q2 24
0.10×
Q1 24
1.47×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PLOW
PLOW

Work Truck Solutions$101.5M55%
Transferred At Point In Time$83.1M45%

TSQ
TSQ

Broadcast Advertising Segment$46.4M44%
Digital Advertising Segment$41.7M39%
Subscription Digital Marketing Solutions Segment$18.4M17%

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