Filing Flows › Douglas Dynamics (PLOW) › Q2 2026 › vs Q1 2026
Douglas Dynamics (PLOW) Q2 2026 vs Q1 2026 (quarter over quarter)
Douglas Dynamics's revenue rose $76.9M (+56%) from $138M in Q1 2026 to $215M in Q2 2026. The biggest changes: Independent Dealer +$71.3M (+76%); Government Contract +$6.1M (+25%); Product and Service, Other −$3.2M (-68%). Gross margin 31.1% against 27.4% (+3.7 pts).
Douglas Dynamics, Q2 2026: revenue $215M (+10% year over year), operating margin 16.5%, net earnings $25.4M, operating cash flow −$24.2M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 31.1% | 27.4% | +3.7 pts |
| Operating margin | 16.5% | 7.2% | +9.3 pts |
| Net margin | 11.8% | 4.6% | +7.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Independent Dealer | $165M | $93.4M | $71.3M | +76% |
| Government Contract | $30.2M | $24.1M | $6.1M | +25% |
| Fleet | $18.3M | $15.6M | $2.6M | +17% |
| Product and Service, Other | $1.4M | $4.6M | −$3.2M | -68% |
| Revenue | $215M | $138M | $76.9M | +56% |
| Gross profit | $66.8M | $37.8M | $29.0M | +77% |
| Cost of revenue | $148M | $100M | $47.8M | +48% |
| Operating profit | $35.4M | $9.9M | $25.5M | +258% |
| Operating expenses | $31.3M | $27.9M | $3.5M | +13% |
| Pre-tax earnings | $33.7M | $7.9M | $25.8M | +327% |
| Other expense, net | $1.7M | $2.0M | −$288K | -14% |
| SG&A | $29.8M | $26.3M | $3.5M | +13% |
| Other operating costs | $1.5M | $1.5M | $1K | +0.1% |
| Net earnings | $25.4M | $6.4M | $19.0M | +298% |
| Income tax | $8.3M | $1.5M | $6.8M | +449% |
| Operating cash sources | $57.9M | $13.8M | $44.1M | +320% |
| Depreciation & amortization | $3.8M | $3.9M | −$34K | -0.9% |
| Share-based compensation | $4.5M | $2.5M | $1.9M | +75% |
| Cash used in operations | $24.2M | $994K | $23.2M | 24× |
| Working capital & other | $57.9M | $13.8M | $44.1M | +320% |
Questions
How much did Douglas Dynamics's revenue grow quarter over quarter in Q2 2026?
Douglas Dynamics's revenue rose $76.9M (+56%) from $138M in Q1 2026 to $215M in Q2 2026.
What drove Douglas Dynamics's revenue change in Q2 2026?
Independent Dealer +$71.3M (+76%); Government Contract +$6.1M (+25%); Product and Service, Other −$3.2M (-68%).