Douglas Dynamics Inc (PLOW) - Net Assets
Based on the latest financial reports, Douglas Dynamics Inc (PLOW) has net assets worth $279.43 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($630.29 Billion) and total liabilities ($350.86 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Douglas Dynamics Inc asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $279.43 Billion |
| % of Total Assets | 44.33% |
| Annual Growth Rate | 6.41% |
| 5-Year Change | 31.14% |
| 10-Year Change | 27.66% |
| Growth Volatility | 16.67 |
Douglas Dynamics Inc - Net Assets Trend (2007–2025)
This chart illustrates how Douglas Dynamics Inc's net assets have evolved over time, based on quarterly financial data. Check Douglas Dynamics Inc tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Douglas Dynamics Inc (2007–2025)
The table below shows the annual net assets of Douglas Dynamics Inc from 2007 to 2025. For live valuation and market cap data, see Douglas Dynamics Inc (PLOW) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $281.45 Million | +6.52% |
| 2024-12-31 | $264.21 Million | +14.10% |
| 2023-12-31 | $231.56 Million | -2.34% |
| 2022-12-31 | $237.10 Million | +10.48% |
| 2021-12-31 | $214.61 Million | +7.20% |
| 2020-12-31 | $200.20 Million | -36.07% |
| 2019-12-31 | $313.16 Million | +10.75% |
| 2018-12-31 | $282.76 Million | +10.16% |
| 2017-12-31 | $256.68 Million | +16.43% |
| 2016-12-31 | $220.46 Million | +9.96% |
| 2015-12-31 | $200.50 Million | +15.70% |
| 2014-12-31 | $173.29 Million | +11.57% |
| 2013-12-31 | $155.32 Million | +1.03% |
| 2012-12-31 | $153.73 Million | -5.91% |
| 2011-12-31 | $163.39 Million | -3.60% |
| 2010-12-31 | $169.49 Million | +56.62% |
| 2009-12-31 | $108.22 Million | +10.36% |
| 2008-12-31 | $98.06 Million | +6.65% |
| 2007-12-31 | $91.94 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Douglas Dynamics Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 237.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $107.38 Million | 38.15% |
| Other Components | $174.06 Million | 61.85% |
| Total Equity | $281.45 Million | 100.00% |
Douglas Dynamics Inc Competitors by Market Cap
The table below lists competitors of Douglas Dynamics Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ningbo Kbe Electrical Technology Co
SHE:300863
|
$1.06 Billion |
|
Danya Cebus
TA:DNYA
|
$1.06 Billion |
|
PC Jeweller Limited
NSE:PCJEWELLER
|
$1.06 Billion |
|
GuangYuYuan Chinese Herbal Medicine Co Ltd
SHG:600771
|
$1.06 Billion |
|
Ho Chi Minh City Securities Corp
VN:HCM
|
$1.06 Billion |
|
Shanghai SK Automation Technology Co. Ltd. A
SHG:688155
|
$1.06 Billion |
|
China Harzone Industry Corp Ltd
SHE:300527
|
$1.06 Billion |
|
Orezone Gold Corporation
AU:ORE
|
$1.06 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Douglas Dynamics Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 264,215,000 to 281,446,000, a change of 17,231,000 (6.5%).
- Net income of 46,897,000 contributed positively to equity growth.
- Dividend payments of 27,936,000 reduced retained earnings.
- Share repurchases of 6,000,000 reduced equity.
- Other comprehensive income decreased equity by 5,472,000.
- Other factors increased equity by 9,742,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $46.90 Million | +16.66% |
| Dividends Paid | $27.94 Million | -9.93% |
| Share Repurchases | $6.00 Million | -2.13% |
| Other Comprehensive Income | $-5.47 Million | -1.94% |
| Other Changes | $9.74 Million | +3.46% |
| Total Change | $- | 6.52% |
Book Value vs Market Value Analysis
This analysis compares Douglas Dynamics Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.83x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 7.17x to 3.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | $6.38 | $45.70 | x |
| 2008-12-31 | $6.55 | $45.70 | x |
| 2009-12-31 | $7.34 | $45.70 | x |
| 2010-12-31 | $8.79 | $45.70 | x |
| 2011-12-31 | $7.49 | $45.70 | x |
| 2012-12-31 | $7.00 | $45.70 | x |
| 2013-12-31 | $7.04 | $45.70 | x |
| 2014-12-31 | $7.81 | $45.70 | x |
| 2015-12-31 | $8.97 | $45.70 | x |
| 2016-12-31 | $9.81 | $45.70 | x |
| 2017-12-31 | $11.36 | $45.70 | x |
| 2018-12-31 | $12.45 | $45.70 | x |
| 2019-12-31 | $13.73 | $45.70 | x |
| 2020-12-31 | $8.76 | $45.70 | x |
| 2021-12-31 | $9.35 | $45.70 | x |
| 2022-12-31 | $10.35 | $45.70 | x |
| 2023-12-31 | $10.08 | $45.70 | x |
| 2024-12-31 | $11.24 | $45.70 | x |
| 2025-12-31 | $11.94 | $45.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Douglas Dynamics Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.66%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.15%
- • Asset Turnover: 1.05x
- • Equity Multiplier: 2.23x
- Recent ROE (16.66%) is above the historical average (10.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | -1.15% | -0.75% | 0.37x | 4.09x | $-10.25 Million |
| 2008 | 11.70% | 6.37% | 0.46x | 3.99x | $1.67 Million |
| 2009 | 9.10% | 5.65% | 0.43x | 3.74x | $-979.20K |
| 2010 | 0.98% | 0.94% | 0.51x | 2.05x | $-15.29 Million |
| 2011 | 11.65% | 9.12% | 0.58x | 2.20x | $2.70 Million |
| 2012 | 3.91% | 4.29% | 0.41x | 2.20x | $-9.36 Million |
| 2013 | 7.49% | 5.99% | 0.53x | 2.35x | $-3.89 Million |
| 2014 | 23.06% | 13.17% | 0.63x | 2.77x | $22.63 Million |
| 2015 | 22.03% | 11.03% | 0.79x | 2.52x | $24.13 Million |
| 2016 | 17.69% | 9.37% | 0.62x | 3.05x | $16.96 Million |
| 2017 | 21.55% | 11.65% | 0.69x | 2.67x | $29.66 Million |
| 2018 | 15.53% | 8.38% | 0.78x | 2.39x | $15.63 Million |
| 2019 | 15.70% | 8.60% | 0.81x | 2.25x | $17.85 Million |
| 2020 | -43.23% | -18.03% | 0.83x | 2.89x | $-106.57 Million |
| 2021 | 14.30% | 5.67% | 0.95x | 2.67x | $9.23 Million |
| 2022 | 16.28% | 6.27% | 1.03x | 2.52x | $14.90 Million |
| 2023 | 10.24% | 4.18% | 0.96x | 2.56x | $566.50K |
| 2024 | 21.25% | 9.88% | 0.96x | 2.23x | $29.73 Million |
| 2025 | 16.66% | 7.15% | 1.05x | 2.23x | $18.75 Million |
Industry Comparison
This section compares Douglas Dynamics Inc's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $-611,802,000
- Average return on equity (ROE) among peers: 12.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Douglas Dynamics Inc (PLOW) | $279.43 Billion | -1.15% | 1.26x | $1.06 Billion |
| Advance Auto Parts Inc (AAP) | $3.13 Billion | 19.07% | 2.90x | $3.36 Billion |
| Adient PLC (ADNT) | $1.58 Billion | -30.80% | 5.50x | $1.57 Billion |
| Allison Transmission Holdings Inc (ALSN) | $781.00 Million | 77.34% | 4.70x | $9.64 Billion |
| Autoliv Inc (ALV) | $3.44 Billion | 13.59% | 1.16x | $8.80 Billion |
| Aptiv PLC (APTV) | $-14.29 Billion | 0.00% | 0.00x | $12.25 Billion |
| Atmus Filtration Technologies Inc. (ATMU) | $447.60 Million | 31.90% | 0.76x | $4.18 Billion |
| American Axle & Manufacturing (AXL) | $-468.10 Million | 0.00% | 0.00x | $1.36 Billion |
| AutoZone Inc (AZO) | $-3.41 Billion | 0.00% | 0.00x | $49.65 Billion |
| BorgWarner Inc (BWA) | $2.22 Billion | 1.21% | 1.16x | $13.05 Billion |
| China Automotive Systems Inc (CAAS) | $450.70 Million | 9.50% | 1.22x | $132.60 Million |
About Douglas Dynamics Inc
Douglas Dynamics, Inc. operates as a manufacturer and upfitter of commercial vehicle attachments and equipment in North America. It operates in two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, and other products sold under the FISHER, WESTERN, and SNOWEX brands, as well as truck-mounted servi… Read more