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Side-by-side financial comparison of DOUGLAS DYNAMICS, INC (PLOW) and XPLR Infrastructure, LP (XIFR). Click either name above to swap in a different company.
XPLR Infrastructure, LP is the larger business by last-quarter revenue ($249.0M vs $184.5M, roughly 1.3× DOUGLAS DYNAMICS, INC). XPLR Infrastructure, LP runs the higher net margin — 11.2% vs 7.0%, a 4.3% gap on every dollar of revenue. On growth, DOUGLAS DYNAMICS, INC posted the faster year-over-year revenue change (28.6% vs -15.3%). DOUGLAS DYNAMICS, INC produced more free cash flow last quarter ($92.8M vs $-88.0M). Over the past eight quarters, DOUGLAS DYNAMICS, INC's revenue compounded faster (38.9% CAGR vs -1.6%).
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...
XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.
PLOW vs XIFR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $184.5M | $249.0M |
| Net Profit | $12.8M | $28.0M |
| Gross Margin | 26.1% | — |
| Operating Margin | 10.5% | -19.3% |
| Net Margin | 7.0% | 11.2% |
| Revenue YoY | 28.6% | -15.3% |
| Net Profit YoY | 62.3% | 124.3% |
| 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.
| Q4 25 | $184.5M | $249.0M | ||
| Q3 25 | $162.1M | $315.0M | ||
| Q2 25 | $194.3M | $342.0M | ||
| Q1 25 | $115.1M | $282.0M | ||
| Q4 24 | $143.5M | $294.0M | ||
| Q3 24 | $129.4M | $319.0M | ||
| Q2 24 | $199.9M | $360.0M | ||
| Q1 24 | $95.7M | $257.0M |
| Q4 25 | $12.8M | $28.0M | ||
| Q3 25 | $8.0M | $-37.0M | ||
| Q2 25 | $26.0M | $79.0M | ||
| Q1 25 | $148.0K | $-98.0M | ||
| Q4 24 | $7.9M | $-115.0M | ||
| Q3 24 | $32.3M | $-40.0M | ||
| Q2 24 | $24.3M | $62.0M | ||
| Q1 24 | $-8.4M | $70.0M |
| 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% | -19.3% | ||
| Q3 25 | 8.7% | 1.6% | ||
| Q2 25 | 19.0% | 26.3% | ||
| Q1 25 | 2.8% | -82.6% | ||
| Q4 24 | 9.0% | -188.1% | ||
| Q3 24 | 35.4% | 15.4% | ||
| Q2 24 | 18.2% | 18.3% | ||
| Q1 24 | -6.7% | -8.2% |
| Q4 25 | 7.0% | 11.2% | ||
| Q3 25 | 4.9% | -11.7% | ||
| Q2 25 | 13.4% | 23.1% | ||
| Q1 25 | 0.1% | -34.8% | ||
| Q4 24 | 5.5% | -39.1% | ||
| Q3 24 | 24.9% | -12.5% | ||
| Q2 24 | 12.2% | 17.2% | ||
| Q1 24 | -8.7% | 27.2% |
| Q4 25 | $0.54 | — | ||
| Q3 25 | $0.33 | $-0.40 | ||
| Q2 25 | $1.09 | $0.84 | ||
| Q1 25 | $0.00 | $-1.05 | ||
| Q4 24 | $0.35 | — | ||
| Q3 24 | $1.36 | $-0.43 | ||
| Q2 24 | $1.02 | $0.66 | ||
| Q1 24 | $-0.37 | $0.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $960.0M |
| Total DebtLower is stronger | $144.0M | $6.2B |
| Stockholders' EquityBook value | $281.4M | $10.9B |
| Total Assets | $626.7M | $19.6B |
| Debt / EquityLower = less leverage | 0.51× | 0.57× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $960.0M | ||
| Q3 25 | — | $711.0M | ||
| Q2 25 | — | $880.0M | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $283.0M | ||
| Q3 24 | — | $290.0M | ||
| Q2 24 | — | $281.0M | ||
| Q1 24 | — | $245.0M |
| Q4 25 | $144.0M | $6.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $147.5M | $5.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $281.4M | $10.9B | ||
| Q3 25 | $275.3M | $11.0B | ||
| Q2 25 | $273.3M | $11.3B | ||
| Q1 25 | $258.9M | $12.6B | ||
| Q4 24 | $264.2M | $12.9B | ||
| Q3 24 | $260.8M | $13.6B | ||
| Q2 24 | $236.7M | $13.9B | ||
| Q1 24 | $217.2M | $14.0B |
| Q4 25 | $626.7M | $19.6B | ||
| Q3 25 | $694.9M | $19.1B | ||
| Q2 25 | $671.5M | $20.5B | ||
| Q1 25 | $621.0M | $21.4B | ||
| Q4 24 | $590.0M | $20.3B | ||
| Q3 24 | $665.6M | $20.9B | ||
| Q2 24 | $617.0M | $21.7B | ||
| Q1 24 | $577.1M | $22.3B |
| Q4 25 | 0.51× | 0.57× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.56× | 0.41× | ||
| 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 | $186.0M |
| Free Cash FlowOCF − Capex | $92.8M | $-88.0M |
| FCF MarginFCF / Revenue | 50.3% | -35.3% |
| Capex IntensityCapex / Revenue | 1.7% | 110.0% |
| Cash ConversionOCF / Net Profit | 7.47× | 6.64× |
| TTM Free Cash FlowTrailing 4 quarters | $63.6M | $-219.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $95.9M | $186.0M | ||
| Q3 25 | $-8.5M | $231.0M | ||
| Q2 25 | $-11.4M | $232.0M | ||
| Q1 25 | $-1.3M | $90.0M | ||
| Q4 24 | $74.4M | $283.0M | ||
| Q3 24 | $-14.2M | $208.0M | ||
| Q2 24 | $2.5M | $231.0M | ||
| Q1 24 | $-21.6M | $78.0M |
| Q4 25 | $92.8M | $-88.0M | ||
| Q3 25 | $-11.4M | $-283.0M | ||
| Q2 25 | $-14.3M | $151.0M | ||
| Q1 25 | $-3.5M | $1.0M | ||
| Q4 24 | $70.2M | $231.0M | ||
| Q3 24 | $-15.2M | $152.0M | ||
| Q2 24 | $836.0K | $162.0M | ||
| Q1 24 | $-22.4M | $14.0M |
| Q4 25 | 50.3% | -35.3% | ||
| Q3 25 | -7.1% | -89.8% | ||
| Q2 25 | -7.4% | 44.2% | ||
| Q1 25 | -3.0% | 0.4% | ||
| Q4 24 | 48.9% | 78.6% | ||
| Q3 24 | -11.8% | 47.6% | ||
| Q2 24 | 0.4% | 45.0% | ||
| Q1 24 | -23.4% | 5.4% |
| Q4 25 | 1.7% | 110.0% | ||
| Q3 25 | 1.8% | 163.2% | ||
| Q2 25 | 1.5% | 23.7% | ||
| Q1 25 | 1.9% | 31.6% | ||
| Q4 24 | 2.9% | 17.7% | ||
| Q3 24 | 0.8% | 17.6% | ||
| Q2 24 | 0.8% | 19.2% | ||
| Q1 24 | 0.8% | 24.9% |
| Q4 25 | 7.47× | 6.64× | ||
| Q3 25 | -1.07× | — | ||
| Q2 25 | -0.44× | 2.94× | ||
| Q1 25 | -9.03× | — | ||
| Q4 24 | 9.41× | — | ||
| Q3 24 | -0.44× | — | ||
| Q2 24 | 0.10× | 3.73× | ||
| Q1 24 | — | 1.11× |
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% |
XIFR
| Renewable Energy Sales | $238.0M | 96% |
| Related Party | $8.0M | 3% |
