Douglas Dynamics, Inc income statement

In fiscal 2025, Douglas Dynamics, Inc reported revenue of $656m, up 15.4% on the year before, operating income of $73.6m (a 11.2% margin) and net income of $46.9m, or $1.96 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Douglas Dynamics, Inc: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	174	177	209	140	194	304	400	416	475	524	572	480	541	616	568	569	656	699
Cost of revenue	117	116	137	96	129	187	268	282	332	369	403	352	400	465	434	422	481	508
Gross profit	57	60	72	44	66	116	133	134	143	155	169	128	142	151	134	147	175	191
Research and development	—	—	—	—	—	—	3	3	3	3	6	7	10	12	10	8	8	—
Selling, general and administrative	20	27	26	20	32	38	48	54	61	70	71	65	79	82	79	92	95	106
Operating income	29	21	40	19	28	72	77	70	71	73	87	−75	51	59	45	89	74	79
Interest expense	—	—	—	—	—	—	—	—	—	—	—	1	2	0	0	0	0	—
Income before tax	14	3	30	10	19	62	66	64	53	56	63	−99	35	47	29	74	62	68
Income tax	4	1	11	4	7	22	22	25	−2	12	13	−12	4	9	6	18	15	16
Net income	10	2	19	6	11	40	44	39	55	44	49	−87	31	39	24	56	47	53
Diluted EPS	$0.67	$0.09	$0.85	$0.26	$0.51	$1.77	$1.94	$1.70	$2.40	$1.89	$2.11	−$3.81	$1.29	$1.63	$0.98	$2.36	$1.96	$2.22
Diluted shares (average)	—	19m	22m	22m	22m	22m	22m	22m	23m	23m	23m	23m	23m	23m	23m	24m	24m	24m
EBITDA	41	33	48	27	36	81	90	87	89	93	106	−55	71	80	67	107	89	94

US$ millions unless shown otherwise. Fiscal quarters.

Douglas Dynamics, Inc: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	129	144	115	194	162	185	138	215
Cost of revenue	99	108	87	134	124	136	100	148
Gross profit	31	36	28	60	38	48	38	67
Selling, general and administrative	26	21	23	22	22	27	26	30
Operating income	46	13	3	37	14	19	10	35
Income before tax	20	10	0	34	10	16	8	34
Income tax	9	2	0	8	2	4	2	8
Net income	32	8	0	26	8	13	6	25
Diluted EPS	$0.70	$0.33	$0.00	$1.09	$0.33	$0.54	$0.26	$1.07
EBITDA	50	17	7	41	18	23	14	39

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

Compare with peers

Head to head: MLR vs PLOW FSTR vs PLOW PLOW vs RAIL

More: Construction Machinery & Heavy Transportation Equipment stocks compared, Industrials sector, rankings of US companies

Figures from Douglas Dynamics, Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Douglas Dynamics, Inc.