Filing Flows › Douglas Dynamics (PLOW) › Q2 2026 › vs Q2 2025
Douglas Dynamics (PLOW) Q2 2026 vs Q2 2025 (year over year)
Douglas Dynamics's revenue rose $20.3M (+10%) from $194M in Q2 2025 to $215M in Q2 2026. The biggest changes: Independent Dealer +$23.2M (+16%); Fleet −$1.4M (-7%); Product and Service, Other −$953K (-40%). Gross margin 31.1% against 31.0% (+0.1 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 31.1% | 31.0% | +0.1 pts |
| Operating margin | 16.5% | 19.0% | -2.5 pts |
| Net margin | 11.8% | 13.4% | -1.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Independent Dealer | $165M | $142M | $23.2M | +16% |
| Government Contract | $30.2M | $30.8M | −$601K | -2% |
| Fleet | $18.3M | $19.6M | −$1.4M | -7% |
| Product and Service, Other | $1.4M | $2.4M | −$953K | -40% |
| Revenue | $215M | $194M | $20.3M | +10% |
| Gross profit | $66.8M | $60.3M | $6.5M | +11% |
| Cost of revenue | $148M | $134M | $13.8M | +10% |
| Operating profit | $35.4M | $37.0M | −$1.5M | -4% |
| Operating expenses | $31.3M | $23.3M | $8.0M | +35% |
| Pre-tax earnings | $33.7M | $34.1M | −$428K | -1% |
| Other expense, net | $1.7M | $2.9M | −$1.1M | -39% |
| SG&A | $29.8M | $21.8M | $8.1M | +37% |
| Other operating costs | $1.5M | $1.6M | −$32K | -2% |
| Net earnings | $25.4M | $26.0M | −$575K | -2% |
| Income tax | $8.3M | $8.2M | $147K | +2% |
| Operating cash sources | $57.9M | $42.7M | $15.1M | +35% |
| Depreciation & amortization | $3.8M | $3.8M | −$4K | -0.1% |
| Share-based compensation | $4.5M | $1.6M | $2.9M | +186% |
| Cash used in operations | $24.2M | $11.4M | $12.8M | +113% |
| Working capital & other | $57.9M | $42.7M | $15.1M | +35% |
Questions
How much did Douglas Dynamics's revenue grow year over year in Q2 2026?
Douglas Dynamics's revenue rose $20.3M (+10%) from $194M in Q2 2025 to $215M in Q2 2026.
What drove Douglas Dynamics's revenue change in Q2 2026?
Independent Dealer +$23.2M (+16%); Fleet −$1.4M (-7%); Product and Service, Other −$953K (-40%).