Douglas Dynamics vs Freightcar America
Douglas Dynamics is the larger business, with $656m of revenue in fiscal 2025 against $501m for Freightcar America (1.3 times as much). Douglas Dynamics grew faster (15.4% against -10.4%). Freightcar America kept more of each dollar of sales as profit: a net margin of 7.4% against 7.1%.
| Latest fiscal year | Douglas DynamicsPLOW, 2025 | Freightcar AmericaRAIL, 2025 |
|---|---|---|
| Revenue | $656m | $501m |
| Revenue growth | 15.4% | -10.4% |
| Net income | $46.9m | $36.9m |
| Operating margin | 11.2% | — |
| Net margin | 7.1% | 7.4% |
| Return on equity | 17.2% | — |
| Free cash flow | $63.9m | $31.4m |
| Cash | $8.3m | $64.3m |
| Total debt | $149m | $112m |
| Debt to equity | 52.9% | — |
| Dividend per share | $1.18 | — |
| Dividend yield | 3.1% | — |
| Share buybacks | $6.0m | — |
| Employees | 1,764 | 2,030 |
| Market value | $854m | $137m |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | 52 (Moderate) | 24 (Weak) |
| Insider trades, 12 months | 0 buys, 2 sales | 0 buys, 0 sales |