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Side-by-side financial comparison of DOUGLAS DYNAMICS, INC (PLOW) and WORKIVA INC (WK). Click either name above to swap in a different company.
WORKIVA INC is the larger business by last-quarter revenue ($238.9M vs $184.5M, roughly 1.3× DOUGLAS DYNAMICS, INC). DOUGLAS DYNAMICS, INC runs the higher net margin — 7.0% vs 4.9%, a 2.0% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs 19.5%). DOUGLAS DYNAMICS, INC produced more free cash flow last quarter ($92.8M vs $50.7M). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs 16.6%).
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...
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
PLOW vs WK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $184.5M | $238.9M |
| Net Profit | $12.8M | $11.8M |
| Gross Margin | 26.1% | 80.7% |
| Operating Margin | 10.5% | 3.3% |
| Net Margin | 7.0% | 4.9% |
| Revenue YoY | 28.6% | 19.5% |
| Net Profit YoY | 62.3% | 234.0% |
| EPS (diluted) | $0.54 | $0.21 |
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 | $238.9M | ||
| Q3 25 | $162.1M | $224.2M | ||
| Q2 25 | $194.3M | $215.2M | ||
| Q1 25 | $115.1M | $206.3M | ||
| Q4 24 | $143.5M | $199.9M | ||
| Q3 24 | $129.4M | $185.6M | ||
| Q2 24 | $199.9M | $177.5M | ||
| Q1 24 | $95.7M | $175.7M |
| Q4 25 | $12.8M | $11.8M | ||
| Q3 25 | $8.0M | $2.8M | ||
| Q2 25 | $26.0M | $-19.4M | ||
| Q1 25 | $148.0K | $-21.4M | ||
| Q4 24 | $7.9M | $-8.8M | ||
| Q3 24 | $32.3M | $-17.0M | ||
| Q2 24 | $24.3M | $-17.5M | ||
| Q1 24 | $-8.4M | $-11.7M |
| Q4 25 | 26.1% | 80.7% | ||
| Q3 25 | 23.5% | 79.3% | ||
| Q2 25 | 31.0% | 77.0% | ||
| Q1 25 | 24.5% | 76.6% | ||
| Q4 24 | 24.9% | 77.1% | ||
| Q3 24 | 23.9% | 76.5% | ||
| Q2 24 | 30.7% | 76.8% | ||
| Q1 24 | 19.8% | 76.4% |
| Q4 25 | 10.5% | 3.3% | ||
| Q3 25 | 8.7% | -1.5% | ||
| Q2 25 | 19.0% | -10.3% | ||
| Q1 25 | 2.8% | -12.0% | ||
| Q4 24 | 9.0% | -6.7% | ||
| Q3 24 | 35.4% | -11.7% | ||
| Q2 24 | 18.2% | -13.0% | ||
| Q1 24 | -6.7% | -10.4% |
| Q4 25 | 7.0% | 4.9% | ||
| Q3 25 | 4.9% | 1.2% | ||
| Q2 25 | 13.4% | -9.0% | ||
| Q1 25 | 0.1% | -10.4% | ||
| Q4 24 | 5.5% | -4.4% | ||
| Q3 24 | 24.9% | -9.2% | ||
| Q2 24 | 12.2% | -9.9% | ||
| Q1 24 | -8.7% | -6.7% |
| Q4 25 | $0.54 | $0.21 | ||
| Q3 25 | $0.33 | $0.05 | ||
| Q2 25 | $1.09 | $-0.35 | ||
| Q1 25 | $0.00 | $-0.38 | ||
| Q4 24 | $0.35 | $-0.15 | ||
| Q3 24 | $1.36 | $-0.31 | ||
| Q2 24 | $1.02 | $-0.32 | ||
| Q1 24 | $-0.37 | $-0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $338.8M |
| Total DebtLower is stronger | $144.0M | — |
| Stockholders' EquityBook value | $281.4M | $-5.4M |
| Total Assets | $626.7M | $1.5B |
| Debt / EquityLower = less leverage | 0.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $338.8M | ||
| Q3 25 | — | $315.9M | ||
| Q2 25 | — | $284.3M | ||
| Q1 25 | — | $242.0M | ||
| Q4 24 | — | $301.8M | ||
| Q3 24 | — | $248.2M | ||
| Q2 24 | — | $267.9M | ||
| Q1 24 | — | $296.1M |
| Q4 25 | $144.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $147.5M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $281.4M | $-5.4M | ||
| Q3 25 | $275.3M | $-36.9M | ||
| Q2 25 | $273.3M | $-66.5M | ||
| Q1 25 | $258.9M | $-75.7M | ||
| Q4 24 | $264.2M | $-41.7M | ||
| Q3 24 | $260.8M | $-50.8M | ||
| Q2 24 | $236.7M | $-77.7M | ||
| Q1 24 | $217.2M | $-83.2M |
| Q4 25 | $626.7M | $1.5B | ||
| Q3 25 | $694.9M | $1.4B | ||
| Q2 25 | $671.5M | $1.3B | ||
| Q1 25 | $621.0M | $1.3B | ||
| Q4 24 | $590.0M | $1.4B | ||
| Q3 24 | $665.6M | $1.3B | ||
| Q2 24 | $617.0M | $1.2B | ||
| Q1 24 | $577.1M | $1.2B |
| Q4 25 | 0.51× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.56× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $51.0M |
| Free Cash FlowOCF − Capex | $92.8M | $50.7M |
| FCF MarginFCF / Revenue | 50.3% | 21.2% |
| Capex IntensityCapex / Revenue | 1.7% | 0.1% |
| Cash ConversionOCF / Net Profit | 7.47× | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | $63.6M | $138.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.9M | $51.0M | ||
| Q3 25 | $-8.5M | $46.2M | ||
| Q2 25 | $-11.4M | $50.3M | ||
| Q1 25 | $-1.3M | $-7.4M | ||
| Q4 24 | $74.4M | $44.0M | ||
| Q3 24 | $-14.2M | $18.9M | ||
| Q2 24 | $2.5M | $-14.0K | ||
| Q1 24 | $-21.6M | $24.8M |
| Q4 25 | $92.8M | $50.7M | ||
| Q3 25 | $-11.4M | $46.1M | ||
| Q2 25 | $-14.3M | $49.3M | ||
| Q1 25 | $-3.5M | $-8.1M | ||
| Q4 24 | $70.2M | $43.2M | ||
| Q3 24 | $-15.2M | $18.7M | ||
| Q2 24 | $836.0K | $-122.0K | ||
| Q1 24 | $-22.4M | $24.6M |
| Q4 25 | 50.3% | 21.2% | ||
| Q3 25 | -7.1% | 20.5% | ||
| Q2 25 | -7.4% | 22.9% | ||
| Q1 25 | -3.0% | -3.9% | ||
| Q4 24 | 48.9% | 21.6% | ||
| Q3 24 | -11.8% | 10.1% | ||
| Q2 24 | 0.4% | -0.1% | ||
| Q1 24 | -23.4% | 14.0% |
| Q4 25 | 1.7% | 0.1% | ||
| Q3 25 | 1.8% | 0.0% | ||
| Q2 25 | 1.5% | 0.5% | ||
| Q1 25 | 1.9% | 0.4% | ||
| Q4 24 | 2.9% | 0.4% | ||
| Q3 24 | 0.8% | 0.1% | ||
| Q2 24 | 0.8% | 0.1% | ||
| Q1 24 | 0.8% | 0.1% |
| Q4 25 | 7.47× | 4.31× | ||
| Q3 25 | -1.07× | 16.57× | ||
| Q2 25 | -0.44× | — | ||
| Q1 25 | -9.03× | — | ||
| Q4 24 | 9.41× | — | ||
| Q3 24 | -0.44× | — | ||
| Q2 24 | 0.10× | — | ||
| Q1 24 | — | — |
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% |
WK
| License And Service | $219.3M | 92% |
| XBRL Professional Services | $16.4M | 7% |
| Other Services | $3.2M | 1% |
