Douglas Dynamics, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $656.1M | $568.5M | $568.2M | $616.1M | $541.5M | $480.2M | $571.7M | $524.1M |
| Cost of Revenue | $481.4M | $421.7M | $433.9M | $464.6M | $399.6M | $351.9M | $402.9M | $369.2M |
| Gross Profit | $174.7M | $146.8M | $134.3M | $151.5M | $141.9M | $128.3M | $168.8M | $154.9M |
| Gross Margin | 26.6% | 25.8% | 23.6% | 24.6% | 26.2% | 26.7% | 29.5% | 29.6% |
| Operating Expenses | ||||||||
| Research & Development | $7.7M | $8.4M | $10.1M | $12.2M | $10.2M | $6.7M | $5.7M | $3.2M |
| SG&A Expense | $94.9M | $91.7M | $78.8M | $82.2M | $78.8M | $64.6M | $71.3M | $70.0M |
| Operating Income | $73.6M | $88.7M | $44.9M | $58.8M | $51.1M | $-75.1M | $86.6M | $73.5M |
| Operating Margin | 11.2% | 15.6% | 7.9% | 9.5% | 9.4% | -15.6% | 15.1% | 14.0% |
| Interest Expense | $0 | $198.0K | $476.0K | $476.0K | $1.8M | $611.0K | — | — |
| Pretax Income | $61.5M | $73.9M | $29.2M | $47.4M | $34.6M | $-98.8M | $62.6M | $55.8M |
| Income Tax Expense | $14.6M | $17.7M | $5.5M | $8.8M | $3.9M | $-12.3M | $13.5M | $11.9M |
| Net Income | $46.9M | $56.2M | $23.7M | $38.6M | $30.7M | $-86.6M | $49.2M | $43.9M |
| Net Margin | 7.1% | 9.9% | 4.2% | 6.3% | 5.7% | -18.0% | 8.6% | 8.4% |
| EPS (Basic) | $1.99 | $2.39 | $1.01 | $1.65 | $1.31 | $-3.81 | $2.13 | $1.91 |
| EPS (Diluted) | $1.96 | $2.36 | $0.98 | $1.63 | $1.29 | $-3.81 | $2.11 | $1.89 |
| Shares Outstanding (Basic) | 23.1M | 23.1M | 23.0M | 22.9M | 22.95B | 22.85B | 22.78B | 22.68B |
| Shares Outstanding (Diluted) | 23.6M | 23.5M | 23.0M | 22.9M | 22.96B | 22.85B | 22.81B | 22.70B |
| Dividends Per Share | $1.18 | $1.18 | $1.18 | $1.16 | $1.14 | $1.12 | $1.09 | $1.06 |