Douglas Dynamics, Inc. — Earnings Quality Grade F
PLOW · Consumer Cyclical
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 54 days, change -2 days YoY
AR growth 11.6% vs revenue growth 15.4%
Revenue 15.4%, CFFO 81.6%. Cash follows revenue
Expense Quality
Inventory 10.2% vs COGS 14.2%. Normal
CapEx growth 42.5% is >2x revenue growth 15.4%
SG&A/Gross Profit = 54.3%. Normal
Gross margin 26.6%, change +0.8pp. Stable
Cash Flow Quality
CFFO/NI = 1.59. Profits backed by cash
FCF $0.1B, FCF/NI = 1.36
Accruals ratio = -4.4%. Low accruals
Cash $0.0B covers only 4% of debt $0.2B
Balance Sheet Health
Goodwill+Intangibles $0.2B = 83% of equity. Over 50%
Debt/EBITDA = 2.5x. Healthy
Other assets -25.6% vs revenue 15.4%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 3% YoY. Normal
Manipulation Score
M-Score = -2.57 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25