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Side-by-side financial comparison of DOUGLAS DYNAMICS, INC (PLOW) and UNIVERSAL TECHNICAL INSTITUTE INC (UTI). Click either name above to swap in a different company.

UNIVERSAL TECHNICAL INSTITUTE INC is the larger business by last-quarter revenue ($220.8M vs $184.5M, roughly 1.2× DOUGLAS DYNAMICS, INC). DOUGLAS DYNAMICS, INC runs the higher net margin — 7.0% vs 5.8%, a 1.1% 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 $-19.2M). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs 9.5%).

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...

Universal Technical Institute, Inc. (UTI) is a private for-profit system of technical colleges in the United States. It was established in 1965 by Robert Sweet.

PLOW vs UTI — Head-to-Head

Bigger by revenue
UTI
UTI
1.2× larger
UTI
$220.8M
$184.5M
PLOW
Growing faster (revenue YoY)
PLOW
PLOW
+18.9% gap
PLOW
28.6%
9.6%
UTI
Higher net margin
PLOW
PLOW
1.1% more per $
PLOW
7.0%
5.8%
UTI
More free cash flow
PLOW
PLOW
$112.0M more FCF
PLOW
$92.8M
$-19.2M
UTI
Faster 2-yr revenue CAGR
PLOW
PLOW
Annualised
PLOW
38.9%
9.5%
UTI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
PLOW
PLOW
UTI
UTI
Revenue
$184.5M
$220.8M
Net Profit
$12.8M
$12.8M
Gross Margin
26.1%
Operating Margin
10.5%
7.1%
Net Margin
7.0%
5.8%
Revenue YoY
28.6%
9.6%
Net Profit YoY
62.3%
-42.1%
EPS (diluted)
$0.54
$0.23

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
UTI
UTI
Q4 25
$184.5M
$220.8M
Q3 25
$162.1M
$222.4M
Q2 25
$194.3M
$204.3M
Q1 25
$115.1M
$207.4M
Q4 24
$143.5M
$201.4M
Q3 24
$129.4M
$196.4M
Q2 24
$199.9M
$177.5M
Q1 24
$95.7M
$184.2M
Net Profit
PLOW
PLOW
UTI
UTI
Q4 25
$12.8M
$12.8M
Q3 25
$8.0M
$18.8M
Q2 25
$26.0M
$10.7M
Q1 25
$148.0K
$11.4M
Q4 24
$7.9M
$22.2M
Q3 24
$32.3M
$18.8M
Q2 24
$24.3M
$5.0M
Q1 24
$-8.4M
$7.8M
Gross Margin
PLOW
PLOW
UTI
UTI
Q4 25
26.1%
Q3 25
23.5%
Q2 25
31.0%
Q1 25
24.5%
Q4 24
24.9%
Q3 24
23.9%
Q2 24
30.7%
Q1 24
19.8%
Operating Margin
PLOW
PLOW
UTI
UTI
Q4 25
10.5%
7.1%
Q3 25
8.7%
11.2%
Q2 25
19.0%
6.9%
Q1 25
2.8%
8.1%
Q4 24
9.0%
13.6%
Q3 24
35.4%
13.3%
Q2 24
18.2%
4.2%
Q1 24
-6.7%
6.1%
Net Margin
PLOW
PLOW
UTI
UTI
Q4 25
7.0%
5.8%
Q3 25
4.9%
8.4%
Q2 25
13.4%
5.2%
Q1 25
0.1%
5.5%
Q4 24
5.5%
11.0%
Q3 24
24.9%
9.6%
Q2 24
12.2%
2.8%
Q1 24
-8.7%
4.2%
EPS (diluted)
PLOW
PLOW
UTI
UTI
Q4 25
$0.54
$0.23
Q3 25
$0.33
$0.33
Q2 25
$1.09
$0.19
Q1 25
$0.00
$0.21
Q4 24
$0.35
$0.40
Q3 24
$1.36
$0.35
Q2 24
$1.02
$0.09
Q1 24
$-0.37
$0.14

Balance Sheet & Financial Strength

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

Metric
PLOW
PLOW
UTI
UTI
Cash + ST InvestmentsLiquidity on hand
$162.8M
Total DebtLower is stronger
$144.0M
$101.4M
Stockholders' EquityBook value
$281.4M
$335.9M
Total Assets
$626.7M
$834.0M
Debt / EquityLower = less leverage
0.51×
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLOW
PLOW
UTI
UTI
Q4 25
$162.8M
Q3 25
$169.1M
Q2 25
$70.7M
Q1 25
$96.0M
Q4 24
$172.0M
Q3 24
$161.9M
Q2 24
$115.5M
Q1 24
$116.1M
Total Debt
PLOW
PLOW
UTI
UTI
Q4 25
$144.0M
$101.4M
Q3 25
$87.1M
Q2 25
$73.8M
Q1 25
$94.4M
Q4 24
$147.5M
$120.1M
Q3 24
$125.7M
Q2 24
$137.3M
Q1 24
$141.9M
Stockholders' Equity
PLOW
PLOW
UTI
UTI
Q4 25
$281.4M
$335.9M
Q3 25
$275.3M
$328.1M
Q2 25
$273.3M
$306.8M
Q1 25
$258.9M
$293.9M
Q4 24
$264.2M
$280.0M
Q3 24
$260.8M
$260.2M
Q2 24
$236.7M
$239.4M
Q1 24
$217.2M
$232.6M
Total Assets
PLOW
PLOW
UTI
UTI
Q4 25
$626.7M
$834.0M
Q3 25
$694.9M
$826.1M
Q2 25
$671.5M
$740.8M
Q1 25
$621.0M
$720.4M
Q4 24
$590.0M
$753.8M
Q3 24
$665.6M
$744.6M
Q2 24
$617.0M
$706.0M
Q1 24
$577.1M
$702.1M
Debt / Equity
PLOW
PLOW
UTI
UTI
Q4 25
0.51×
0.30×
Q3 25
0.27×
Q2 25
0.24×
Q1 25
0.32×
Q4 24
0.56×
0.43×
Q3 24
0.48×
Q2 24
0.57×
Q1 24
0.61×

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
UTI
UTI
Operating Cash FlowLast quarter
$95.9M
$3.1M
Free Cash FlowOCF − Capex
$92.8M
$-19.2M
FCF MarginFCF / Revenue
50.3%
-8.7%
Capex IntensityCapex / Revenue
1.7%
10.1%
Cash ConversionOCF / Net Profit
7.47×
0.24×
TTM Free Cash FlowTrailing 4 quarters
$63.6M
$16.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PLOW
PLOW
UTI
UTI
Q4 25
$95.9M
$3.1M
Q3 25
$-8.5M
$57.1M
Q2 25
$-11.4M
$18.1M
Q1 25
$-1.3M
$-789.0K
Q4 24
$74.4M
$23.0M
Q3 24
$-14.2M
$67.5M
Q2 24
$2.5M
$10.0M
Q1 24
$-21.6M
$-2.5M
Free Cash Flow
PLOW
PLOW
UTI
UTI
Q4 25
$92.8M
$-19.2M
Q3 25
$-11.4M
$40.6M
Q2 25
$-14.3M
$6.8M
Q1 25
$-3.5M
$-11.7M
Q4 24
$70.2M
$19.6M
Q3 24
$-15.2M
$60.0M
Q2 24
$836.0K
$3.0M
Q1 24
$-22.4M
$-8.4M
FCF Margin
PLOW
PLOW
UTI
UTI
Q4 25
50.3%
-8.7%
Q3 25
-7.1%
18.3%
Q2 25
-7.4%
3.4%
Q1 25
-3.0%
-5.7%
Q4 24
48.9%
9.7%
Q3 24
-11.8%
30.6%
Q2 24
0.4%
1.7%
Q1 24
-23.4%
-4.6%
Capex Intensity
PLOW
PLOW
UTI
UTI
Q4 25
1.7%
10.1%
Q3 25
1.8%
7.4%
Q2 25
1.5%
5.5%
Q1 25
1.9%
5.3%
Q4 24
2.9%
1.7%
Q3 24
0.8%
3.8%
Q2 24
0.8%
4.0%
Q1 24
0.8%
3.2%
Cash Conversion
PLOW
PLOW
UTI
UTI
Q4 25
7.47×
0.24×
Q3 25
-1.07×
3.04×
Q2 25
-0.44×
1.69×
Q1 25
-9.03×
-0.07×
Q4 24
9.41×
1.04×
Q3 24
-0.44×
3.58×
Q2 24
0.10×
2.01×
Q1 24
-0.32×

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%

UTI
UTI

UTI$142.8M65%
Concorde$78.0M35%

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