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Columbus McKinnon vs Douglas Dynamics: CMCO and PLOW compared
Columbus McKinnon is the larger company: $539M of revenue in its latest quarter (Q2 FY27) against $218M for Douglas Dynamics (Q3 2026). Columbus McKinnon is growing faster (+107% against +34% a year earlier). Douglas Dynamics is more profitable, with an operating margin of 14.3% against 6.5%.
Where the money goes: CMCO and PLOW
Columbus McKinnon (CMCO) · Q2 FY27
Columbus McKinnon, Q2 FY27: revenue $539M (+107% year over year), operating margin 6.5%, net loss $25.2M, operating cash flow −$4.6M. The chart follows the revenue to costs, profit and cash.
Douglas Dynamics (PLOW) · Q3 2026
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 follows the revenue to costs, profit and cash.
| Columbus McKinnon (CMCO) | Douglas Dynamics (PLOW) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q3 2026 |
| Revenue | $539M | $218M |
| Revenue growth, Y/Y | +107% | +34% |
| Gross margin | — | 27.4% |
| Operating margin | 6.5% | 14.3% |
| Net earnings | −$25.2M | $21.2M |
| Net margin | -4.7% | 9.7% |
| Operating cash flow | −$4.6M | −$22.3M |
| Market value | $509M | $922M |
| P/E | — | 14.2× |
| Analysts’ mean target | $26.25 | $53.75 |
Where the revenue comes from
Columbus McKinnon
- Industrial Products: $342M (63%)
- Crane Solutions: $128M (24%)
- Precision Conveyor Products: $39.4M (7%)
- Engineered Products: $30.1M (6%)
Douglas Dynamics
- Independent Dealer: $153M (70%)
- Government Contract: $46.9M (21%)
- Fleet: $16.7M (8%)
- Product and Service, Other: $1.5M (1%)
Questions
Which is bigger, Columbus McKinnon or Douglas Dynamics?
Columbus McKinnon is the larger company: $539M of revenue in its latest quarter (Q2 FY27) against $218M for Douglas Dynamics (Q3 2026).
Is Columbus McKinnon or Douglas Dynamics growing faster?
Columbus McKinnon is growing faster (+107% against +34% a year earlier).
Which is more profitable, Columbus McKinnon or Douglas Dynamics?
Douglas Dynamics is more profitable, with an operating margin of 14.3% against 6.5%.
More: Columbus McKinnon earnings · how Columbus McKinnon makes money · Douglas Dynamics earnings · how Douglas Dynamics makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.