vs
Side-by-side financial comparison of DOUGLAS DYNAMICS, INC (PLOW) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
VIRTUS INVESTMENT PARTNERS, INC. is the larger business by last-quarter revenue ($208.0M vs $184.5M, roughly 1.1× DOUGLAS DYNAMICS, INC). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 16.3% vs 7.0%, a 9.3% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs -10.9%). DOUGLAS DYNAMICS, INC produced more free cash flow last quarter ($92.8M vs $-74.1M). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs -3.2%).
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...
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
PLOW vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $184.5M | $208.0M |
| Net Profit | $12.8M | $33.9M |
| Gross Margin | 26.1% | — |
| Operating Margin | 10.5% | 19.1% |
| Net Margin | 7.0% | 16.3% |
| Revenue YoY | 28.6% | -10.9% |
| Net Profit YoY | 62.3% | -14.2% |
| EPS (diluted) | $0.54 | $5.15 |
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 | $208.0M | ||
| Q3 25 | $162.1M | $216.4M | ||
| Q2 25 | $194.3M | $210.5M | ||
| Q1 25 | $115.1M | $217.9M | ||
| Q4 24 | $143.5M | $233.5M | ||
| Q3 24 | $129.4M | $227.0M | ||
| Q2 24 | $199.9M | $224.4M | ||
| Q1 24 | $95.7M | $222.0M |
| Q4 25 | $12.8M | $33.9M | ||
| Q3 25 | $8.0M | $31.3M | ||
| Q2 25 | $26.0M | $42.7M | ||
| Q1 25 | $148.0K | $28.1M | ||
| Q4 24 | $7.9M | $39.5M | ||
| Q3 24 | $32.3M | $49.1M | ||
| Q2 24 | $24.3M | $26.0M | ||
| Q1 24 | $-8.4M | $37.9M |
| 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% | — |
| Q4 25 | 10.5% | 19.1% | ||
| Q3 25 | 8.7% | 21.7% | ||
| Q2 25 | 19.0% | 21.5% | ||
| Q1 25 | 2.8% | 16.8% | ||
| Q4 24 | 9.0% | 21.7% | ||
| Q3 24 | 35.4% | 24.3% | ||
| Q2 24 | 18.2% | 19.7% | ||
| Q1 24 | -6.7% | 14.5% |
| Q4 25 | 7.0% | 16.3% | ||
| Q3 25 | 4.9% | 14.5% | ||
| Q2 25 | 13.4% | 20.3% | ||
| Q1 25 | 0.1% | 12.9% | ||
| Q4 24 | 5.5% | 16.9% | ||
| Q3 24 | 24.9% | 21.6% | ||
| Q2 24 | 12.2% | 11.6% | ||
| Q1 24 | -8.7% | 17.1% |
| Q4 25 | $0.54 | $5.15 | ||
| Q3 25 | $0.33 | $4.65 | ||
| Q2 25 | $1.09 | $6.12 | ||
| Q1 25 | $0.00 | $4.05 | ||
| Q4 24 | $0.35 | $4.65 | ||
| Q3 24 | $1.36 | $5.71 | ||
| Q2 24 | $1.02 | $2.43 | ||
| Q1 24 | $-0.37 | $4.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $144.0M | $390.0M |
| Stockholders' EquityBook value | $281.4M | $934.0M |
| Total Assets | $626.7M | $4.3B |
| Debt / EquityLower = less leverage | 0.51× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $144.0M | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | $147.5M | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M | ||
| Q1 24 | — | $253.0M |
| Q4 25 | $281.4M | $934.0M | ||
| Q3 25 | $275.3M | $918.7M | ||
| Q2 25 | $273.3M | $896.4M | ||
| Q1 25 | $258.9M | $893.7M | ||
| Q4 24 | $264.2M | $897.5M | ||
| Q3 24 | $260.8M | $889.0M | ||
| Q2 24 | $236.7M | $868.7M | ||
| Q1 24 | $217.2M | $871.7M |
| Q4 25 | $626.7M | $4.3B | ||
| Q3 25 | $694.9M | $3.9B | ||
| Q2 25 | $671.5M | $3.7B | ||
| Q1 25 | $621.0M | $3.7B | ||
| Q4 24 | $590.0M | $4.0B | ||
| Q3 24 | $665.6M | $3.6B | ||
| Q2 24 | $617.0M | $3.6B | ||
| Q1 24 | $577.1M | $3.5B |
| Q4 25 | 0.51× | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | 0.56× | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× | ||
| Q1 24 | — | 0.29× |
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 | $-67.2M |
| Free Cash FlowOCF − Capex | $92.8M | $-74.1M |
| FCF MarginFCF / Revenue | 50.3% | -35.6% |
| Capex IntensityCapex / Revenue | 1.7% | 3.3% |
| Cash ConversionOCF / Net Profit | 7.47× | -1.99× |
| TTM Free Cash FlowTrailing 4 quarters | $63.6M | $100.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.9M | $-67.2M | ||
| Q3 25 | $-8.5M | $108.3M | ||
| Q2 25 | $-11.4M | $75.8M | ||
| Q1 25 | $-1.3M | $-3.8M | ||
| Q4 24 | $74.4M | $1.8M | ||
| Q3 24 | $-14.2M | $69.1M | ||
| Q2 24 | $2.5M | $70.0M | ||
| Q1 24 | $-21.6M | $-34.5M |
| Q4 25 | $92.8M | $-74.1M | ||
| Q3 25 | $-11.4M | $106.9M | ||
| Q2 25 | $-14.3M | $74.2M | ||
| Q1 25 | $-3.5M | $-6.8M | ||
| Q4 24 | $70.2M | $-3.8M | ||
| Q3 24 | $-15.2M | $68.7M | ||
| Q2 24 | $836.0K | $68.6M | ||
| Q1 24 | $-22.4M | $-36.5M |
| Q4 25 | 50.3% | -35.6% | ||
| Q3 25 | -7.1% | 49.4% | ||
| Q2 25 | -7.4% | 35.2% | ||
| Q1 25 | -3.0% | -3.1% | ||
| Q4 24 | 48.9% | -1.6% | ||
| Q3 24 | -11.8% | 30.3% | ||
| Q2 24 | 0.4% | 30.6% | ||
| Q1 24 | -23.4% | -16.4% |
| Q4 25 | 1.7% | 3.3% | ||
| Q3 25 | 1.8% | 0.7% | ||
| Q2 25 | 1.5% | 0.7% | ||
| Q1 25 | 1.9% | 1.4% | ||
| Q4 24 | 2.9% | 2.4% | ||
| Q3 24 | 0.8% | 0.2% | ||
| Q2 24 | 0.8% | 0.6% | ||
| Q1 24 | 0.8% | 0.9% |
| Q4 25 | 7.47× | -1.99× | ||
| Q3 25 | -1.07× | 3.45× | ||
| Q2 25 | -0.44× | 1.77× | ||
| Q1 25 | -9.03× | -0.13× | ||
| Q4 24 | 9.41× | 0.04× | ||
| Q3 24 | -0.44× | 1.41× | ||
| Q2 24 | 0.10× | 2.69× | ||
| Q1 24 | — | -0.91× |
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% |
VRTS
| Open End Funds | $68.9M | 33% |
| Retail Separate Accounts | $51.3M | 25% |
| Institutional Accounts | $39.6M | 19% |
| Administration And Shareholder Service Fees | $18.4M | 9% |
| Closed End Funds | $15.9M | 8% |
| Distribution And Service Fees | $12.3M | 6% |
