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Douglas Dynamics vs Gencor Industries: PLOW and GENC compared
Douglas Dynamics is the larger company: $218M of revenue in its latest quarter (Q3 2026) against $33.8M for Gencor Industries (Q3 FY26). Douglas Dynamics is growing faster (+34% against +25% a year earlier). Gencor Industries is more profitable, with an operating margin of 17.2% against 14.3%.
Where the money goes: PLOW and GENC
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.
Gencor Industries (GENC) · Q3 FY26
Gencor Industries, Q3 FY26: revenue $33.8M (+25% year over year), operating margin 17.2%, net earnings $5.7M, operating cash flow −$16.7M. The chart follows the revenue to costs, profit and cash.
| Douglas Dynamics (PLOW) | Gencor Industries (GENC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $218M | $33.8M |
| Revenue growth, Y/Y | +34% | +25% |
| Gross margin | 27.4% | 27.9% |
| Operating margin | 14.3% | 17.2% |
| Net earnings | $21.2M | $5.7M |
| Net margin | 9.7% | 16.8% |
| Operating cash flow | −$22.3M | −$16.7M |
| Market value | $922M | — |
| P/E | 14.2× | — |
| Analysts’ mean target | $53.75 | — |
Where the revenue comes from
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, Douglas Dynamics or Gencor Industries?
Douglas Dynamics is the larger company: $218M of revenue in its latest quarter (Q3 2026) against $33.8M for Gencor Industries (Q3 FY26).
Is Douglas Dynamics or Gencor Industries growing faster?
Douglas Dynamics is growing faster (+34% against +25% a year earlier).
Which is more profitable, Douglas Dynamics or Gencor Industries?
Gencor Industries is more profitable, with an operating margin of 17.2% against 14.3%.
More: Douglas Dynamics earnings · how Douglas Dynamics makes money · Gencor Industries earnings · how Gencor Industries makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Aug 10, 2026). Fiscal quarters can end on different dates. Not investment advice.