Filing Flows › Douglas Dynamics (PLOW) › Q3 2026 › vs Q2 2026
Douglas Dynamics (PLOW) Q3 2026 vs Q2 2026 (quarter over quarter)
Douglas Dynamics's revenue rose $3.4M (+2%) from $215M in Q2 2026 to $218M in Q3 2026. The biggest changes: Government Contract +$16.7M (+55%); Independent Dealer −$11.8M (-7%); Fleet −$1.6M (-9%). Gross margin 27.4% against 31.1% (-3.7 pts).
Douglas Dynamics, Q3 2026: revenue $218M (+34% year over year), operating margin 14.3%, net earnings $21.2M, operating cash flow −$22.3M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 27.4% | 31.1% | -3.7 pts |
| Operating margin | 14.3% | 16.5% | -2.2 pts |
| Net margin | 9.7% | 11.8% | -2.1 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Independent Dealer | $153M | $165M | −$11.8M | -7% |
| Government Contract | $46.9M | $30.2M | $16.7M | +55% |
| Fleet | $16.7M | $18.3M | −$1.6M | -9% |
| Product and Service, Other | $1.5M | $1.4M | $70K | +5% |
| Revenue | $218M | $215M | $3.4M | +2% |
| Gross profit | $59.8M | $66.8M | −$7.0M | -10% |
| Cost of revenue | $158M | $148M | $10.3M | +7% |
| Operating profit | $31.3M | $35.4M | −$4.2M | -12% |
| Operating expenses | $28.6M | $31.3M | −$2.8M | -9% |
| Pre-tax earnings | $28.4M | $33.7M | −$5.4M | -16% |
| Other expense, net | $2.9M | $1.7M | $1.2M | +69% |
| SG&A | $27.0M | $29.8M | −$2.8M | -9% |
| Other operating costs | $1.5M | $1.5M | −$1K | -0.1% |
| Net earnings | $21.2M | $25.4M | −$4.2M | -17% |
| Income tax | $7.2M | $8.3M | −$1.1M | -14% |
| Operating cash sources | $49.1M | $57.9M | −$8.8M | -15% |
| Depreciation & amortization | $3.8M | $3.8M | −$34K | -0.9% |
| Share-based compensation | $1.8M | $4.5M | −$2.6M | -59% |
| Cash used in operations | $22.3M | $24.2M | −$1.9M | -8% |
| Working capital & other | $49.1M | $57.9M | −$8.8M | -15% |
Questions
How much did Douglas Dynamics's revenue grow quarter over quarter in Q3 2026?
Douglas Dynamics's revenue rose $3.4M (+2%) from $215M in Q2 2026 to $218M in Q3 2026.
What drove Douglas Dynamics's revenue change in Q3 2026?
Government Contract +$16.7M (+55%); Independent Dealer −$11.8M (-7%); Fleet −$1.6M (-9%).