Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $416M | $475M | $524M | $572M | $480M | $541M | $616M | $568M | $569M | $656M |
| Revenue growth | — | 14.1% | 10.3% | 9.1% | -16.0% | 12.8% | 13.8% | -7.8% | 0.1% | 15.4% |
| Gross profit | $134M | $143M | $155M | $169M | $128M | $142M | $151M | $134M | $147M | $175M |
| Gross margin | 32.2% | 30.1% | 29.6% | 29.5% | 26.7% | 26.2% | 24.6% | 23.6% | 25.8% | 26.6% |
| Operating income | $69.8M | $70.8M | $73.5M | $86.6M | -$75.1M | $51.1M | $58.8M | $44.9M | $88.7M | $73.6M |
| Operating margin | 16.8% | 14.9% | 14.0% | 15.1% | -15.6% | 9.4% | 9.5% | 7.9% | 15.6% | 11.2% |
| Net income | — | — | — | — | -$86.6M | $30.7M | $38.6M | $23.7M | $56.2M | $46.9M |
| Net margin | — | — | — | — | -18.0% | 5.7% | 6.3% | 4.2% | 9.9% | 7.1% |
| EPS (diluted) | $1.70 | $2.40 | $1.89 | $2.11 | -$3.81 | $1.29 | $1.63 | $0.98 | $2.36 | $1.96 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $69.9M | $66.4M | $58.2M | $77.3M | $53.4M | $60.5M | $40.0M | $12.5M | $41.1M | $74.7M |
| Capital expenditures | $9.83M | $7.56M | $9.69M | $11.5M | $14.7M | $11.9M | $12.4M | $9.77M | $7.76M | $10.8M |
| Free cash flow | $60.1M | $58.8M | $48.5M | $65.8M | $38.7M | $48.7M | $27.6M | $2.70M | $33.4M | $63.9M |
| Share buybacks | — | — | — | — | $0.00 | $0.00 | $6.00M | $0.00 | $0.00 | $6.00M |
| Dividends paid | $21.5M | $22.0M | $24.4M | $25.2M | $25.9M | $26.5M | $27.0M | $27.4M | $27.5M | $27.9M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $18.6M | $36.9M | $27.8M | $35.7M | $41.0M | $37.0M | $20.7M | $24.2M | $5.12M | $8.30M |
| Total assets | $666M | $685M | $676M | $706M | $579M | $572M | $597M | $593M | $590M | $627M |
| Long-term debt | $307M | $275M | $243M | $222M | $237M | — | $208M | $189M | $148M | $144M |
| Shareholders' equity | $220M | $257M | $283M | $313M | $200M | $215M | $237M | $232M | $264M | $281M |
| Retained earnings | $82.4M | $116M | $137M | $161M | $47.7M | $51.9M | $63.5M | $59.7M | $88.4M | $107M |
| Shares (wtd avg diluted) | 22.5B | 22.6B | 22.7B | 22.8B | 22.8M | 23.0M | 22.9M | 23.0M | 23.5M | 23.6M |
Every figure is extracted from DOUGLAS DYNAMICS, INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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