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Side-by-side financial comparison of DOUGLAS DYNAMICS, INC (PLOW) and VICOR CORP (VICR). Click either name above to swap in a different company.
DOUGLAS DYNAMICS, INC is the larger business by last-quarter revenue ($184.5M vs $113.0M, roughly 1.6× VICOR CORP). VICOR CORP runs the higher net margin — 18.3% vs 7.0%, a 11.3% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs 20.2%). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs 14.7%).
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...
Vicor Corporation is a manufacturer of power modules headquartered in Andover, Massachusetts.
PLOW vs VICR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $184.5M | $113.0M |
| Net Profit | $12.8M | $20.7M |
| Gross Margin | 26.1% | — |
| Operating Margin | 10.5% | 59.7% |
| Net Margin | 7.0% | 18.3% |
| Revenue YoY | 28.6% | 20.2% |
| Net Profit YoY | 62.3% | 713.9% |
| EPS (diluted) | $0.54 | $0.44 |
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.
| Q1 26 | — | $113.0M | ||
| Q4 25 | $184.5M | $107.3M | ||
| Q3 25 | $162.1M | $110.4M | ||
| Q2 25 | $194.3M | $96.0M | ||
| Q1 25 | $115.1M | $94.0M | ||
| Q4 24 | $143.5M | $96.2M | ||
| Q3 24 | $129.4M | $93.2M | ||
| Q2 24 | $199.9M | $85.9M |
| Q1 26 | — | $20.7M | ||
| Q4 25 | $12.8M | $46.5M | ||
| Q3 25 | $8.0M | $28.3M | ||
| Q2 25 | $26.0M | $41.2M | ||
| Q1 25 | $148.0K | $2.5M | ||
| Q4 24 | $7.9M | $10.2M | ||
| Q3 24 | $32.3M | $11.6M | ||
| Q2 24 | $24.3M | $-1.2M |
| Q1 26 | — | — | ||
| Q4 25 | 26.1% | 55.4% | ||
| Q3 25 | 23.5% | 57.5% | ||
| Q2 25 | 31.0% | 95.9% | ||
| Q1 25 | 24.5% | 47.2% | ||
| Q4 24 | 24.9% | 52.4% | ||
| Q3 24 | 23.9% | 49.1% | ||
| Q2 24 | 30.7% | 49.8% |
| Q1 26 | — | 59.7% | ||
| Q4 25 | 10.5% | 14.6% | ||
| Q3 25 | 8.7% | 18.9% | ||
| Q2 25 | 19.0% | 47.3% | ||
| Q1 25 | 2.8% | -0.2% | ||
| Q4 24 | 9.0% | 9.6% | ||
| Q3 24 | 35.4% | 5.8% | ||
| Q2 24 | 18.2% | 0.2% |
| Q1 26 | — | 18.3% | ||
| Q4 25 | 7.0% | 43.4% | ||
| Q3 25 | 4.9% | 25.6% | ||
| Q2 25 | 13.4% | 42.9% | ||
| Q1 25 | 0.1% | 2.7% | ||
| Q4 24 | 5.5% | 10.7% | ||
| Q3 24 | 24.9% | 12.4% | ||
| Q2 24 | 12.2% | -1.4% |
| Q1 26 | — | $0.44 | ||
| Q4 25 | $0.54 | $1.01 | ||
| Q3 25 | $0.33 | $0.63 | ||
| Q2 25 | $1.09 | $0.91 | ||
| Q1 25 | $0.00 | $0.06 | ||
| Q4 24 | $0.35 | $0.24 | ||
| Q3 24 | $1.36 | $0.26 | ||
| Q2 24 | $1.02 | $-0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $404.2M |
| Total DebtLower is stronger | $144.0M | — |
| Stockholders' EquityBook value | $281.4M | $754.1M |
| Total Assets | $626.7M | $804.9M |
| Debt / EquityLower = less leverage | 0.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $404.2M | ||
| Q4 25 | — | $402.8M | ||
| Q3 25 | — | $362.4M | ||
| Q2 25 | — | $338.5M | ||
| Q1 25 | — | $296.1M | ||
| Q4 24 | — | $277.3M | ||
| Q3 24 | — | $267.6M | ||
| Q2 24 | — | $251.9M |
| Q1 26 | — | — | ||
| Q4 25 | $144.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $147.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $754.1M | ||
| Q4 25 | $281.4M | $711.6M | ||
| Q3 25 | $275.3M | $630.1M | ||
| Q2 25 | $273.3M | $608.6M | ||
| Q1 25 | $258.9M | $580.3M | ||
| Q4 24 | $264.2M | $570.1M | ||
| Q3 24 | $260.8M | $554.6M | ||
| Q2 24 | $236.7M | $537.2M |
| Q1 26 | — | $804.9M | ||
| Q4 25 | $626.7M | $785.8M | ||
| Q3 25 | $694.9M | $710.2M | ||
| Q2 25 | $671.5M | $693.5M | ||
| Q1 25 | $621.0M | $665.0M | ||
| Q4 24 | $590.0M | $641.1M | ||
| Q3 24 | $665.6M | $632.8M | ||
| Q2 24 | $617.0M | $613.2M |
| Q1 26 | — | — | ||
| Q4 25 | 0.51× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.56× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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.
| Q1 26 | — | — | ||
| Q4 25 | $95.9M | $15.7M | ||
| Q3 25 | $-8.5M | $38.5M | ||
| Q2 25 | $-11.4M | $65.2M | ||
| Q1 25 | $-1.3M | $20.1M | ||
| Q4 24 | $74.4M | $10.1M | ||
| Q3 24 | $-14.2M | $22.6M | ||
| Q2 24 | $2.5M | $15.6M |
| Q1 26 | — | — | ||
| Q4 25 | $92.8M | $10.2M | ||
| Q3 25 | $-11.4M | $34.5M | ||
| Q2 25 | $-14.3M | $59.0M | ||
| Q1 25 | $-3.5M | $15.6M | ||
| Q4 24 | $70.2M | $8.4M | ||
| Q3 24 | $-15.2M | $14.1M | ||
| Q2 24 | $836.0K | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | 50.3% | 9.5% | ||
| Q3 25 | -7.1% | 31.2% | ||
| Q2 25 | -7.4% | 61.5% | ||
| Q1 25 | -3.0% | 16.6% | ||
| Q4 24 | 48.9% | 8.7% | ||
| Q3 24 | -11.8% | 15.2% | ||
| Q2 24 | 0.4% | 11.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 5.2% | ||
| Q3 25 | 1.8% | 3.6% | ||
| Q2 25 | 1.5% | 6.5% | ||
| Q1 25 | 1.9% | 4.8% | ||
| Q4 24 | 2.9% | 1.8% | ||
| Q3 24 | 0.8% | 9.1% | ||
| Q2 24 | 0.8% | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | 7.47× | 0.34× | ||
| Q3 25 | -1.07× | 1.36× | ||
| Q2 25 | -0.44× | 1.58× | ||
| Q1 25 | -9.03× | 7.93× | ||
| Q4 24 | 9.41× | 0.99× | ||
| Q3 24 | -0.44× | 1.95× | ||
| Q2 24 | 0.10× | — |
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% |
VICR
| Product revenue | $98.0M | 87% |
| Royalty revenue | $15.0M | 13% |
