PLOW vs. MLR

Last updated Apr 1, 2026

Compare and contrast key facts about Douglas Dynamics, Inc. (PLOW) and Miller Industries, Inc. (MLR).

Performance

PLOW vs. MLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Douglas Dynamics, Inc. (PLOW) and Miller Industries, Inc. (MLR). The values are adjusted to include any dividend payments, if applicable.

PLOW vs. MLR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PLOW Douglas Dynamics, Inc.	29.84%	43.83%	-16.47%	-14.72%	-4.01%	-6.11%	-19.64%	57.21%	-2.68%	15.63%
MLR Miller Industries, Inc.	22.48%	-41.73%	56.58%	61.77%	-17.93%	-10.51%	4.82%	40.68%	7.49%	0.32%

Fundamentals

Market Cap PLOW : $992.36M MLR : $527.10M
EPS PLOW : $1.99 MLR : $1.99
PE Ratio PLOW : 21.19 MLR : 22.94
PEG Ratio PLOW : 0.78 MLR : 0.58
PS Ratio PLOW : 1.51 MLR : 0.67
PB Ratio PLOW : 3.53 MLR : 1.25
Total Revenue (TTM) PLOW : $656.05M MLR : $789.52M
Gross Profit (TTM) PLOW : $173.15M MLR : $120.39M
EBITDA (TTM) PLOW : $88.97M MLR : $43.30M

Returns By Period

In the year-to-date period, PLOW achieves a 29.84% return, which is significantly higher than MLR's 22.48% return. Over the past 10 years, PLOW has underperformed MLR with an annualized return of 9.84%, while MLR has yielded a comparatively higher 10.67% annualized return.

PLOW

• 1D: 1.69%
• 1M: -7.68%
• YTD: 29.84%
• 6M: 36.81%
• 1Y: 87.68%
• 3Y*: 14.33%
• 5Y*: 1.49%
• 10Y*: 9.84%

MLR

• 1D: 0.29%
• 1M: 8.90%
• YTD: 22.48%
• 6M: 13.84%
• 1Y: 9.60%
• 3Y*: 10.70%
• 5Y*: 1.42%
• 10Y*: 10.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

PLOW vs. MLR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PLOW

PLOW Risk / Return Rank: 96
PLOW Sharpe Ratio Rank: 97
PLOW Sortino Ratio Rank: 98
PLOW Omega Ratio Rank: 95
PLOW Calmar Ratio Rank: 96
PLOW Martin Ratio Rank: 95

MLR

MLR Risk / Return Rank: 49
MLR Sharpe Ratio Rank: 53
MLR Sortino Ratio Rank: 47
MLR Omega Ratio Rank: 45
MLR Calmar Ratio Rank: 51
MLR Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PLOW vs. MLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Douglas Dynamics, Inc. (PLOW) and Miller Industries, Inc. (MLR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	PLOW	MLR	Difference
Sharpe ratio Return per unit of total volatility	3.25	0.31	+2.94
Sortino ratio Return per unit of downside risk	4.39	0.65	+3.74
Omega ratio Gain probability vs. loss probability	1.49	1.08	+0.41
Calmar ratio Return relative to maximum drawdown	6.74	0.40	+6.34
Martin ratio Return relative to average drawdown	16.08	0.81	+15.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PLOW vs. MLR - Sharpe Ratio Comparison

The current PLOW Sharpe Ratio is 3.25, which is higher than the MLR Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of PLOW and MLR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PLOW	MLR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.25	0.31	+2.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	0.05	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	0.35	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.11	+0.29

Correlation

The correlation between PLOW and MLR is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PLOW vs. MLR - Dividend Comparison

PLOW's dividend yield for the trailing twelve months is around 2.80%, more than MLR's 1.78% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PLOW Douglas Dynamics, Inc.	2.80%	3.61%	4.99%	3.98%	3.21%	2.92%	2.62%	1.98%	2.95%	2.54%	2.79%	4.22%
MLR Miller Industries, Inc.	1.78%	2.14%	1.16%	1.70%	2.70%	2.16%	1.89%	1.94%	2.67%	2.79%	2.57%	2.94%

Drawdowns

PLOW vs. MLR - Drawdown Comparison

The maximum PLOW drawdown since its inception was -55.53%, smaller than the maximum MLR drawdown of -98.14%. Use the drawdown chart below to compare losses from any high point for PLOW and MLR.

Drawdown Indicators

	PLOW	MLR	Difference
Max Drawdown Largest peak-to-trough decline	-55.53%	-98.14%	+42.61%
Max Drawdown (1Y) Largest decline over 1 year	-13.03%	-23.66%	+10.63%
Max Drawdown (5Y) Largest decline over 5 years	-49.14%	-53.25%	+4.11%
Max Drawdown (10Y) Largest decline over 10 years	-55.53%	-53.25%	-2.28%
Current Drawdown Current decline from peak	-9.59%	-39.92%	+30.33%
Average Drawdown Average peak-to-trough decline	-18.49%	-69.81%	+51.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.46%	11.72%	-6.26%

Volatility

PLOW vs. MLR - Volatility Comparison

The current volatility for Douglas Dynamics, Inc. (PLOW) is 9.09%, while Miller Industries, Inc. (MLR) has a volatility of 9.88%. This indicates that PLOW experiences smaller price fluctuations and is considered to be less risky than MLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLOW	MLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.09%	9.88%	-0.79%
Volatility (6M) Calculated over the trailing 6-month period	18.99%	19.54%	-0.55%
Volatility (1Y) Calculated over the trailing 1-year period	27.14%	31.32%	-4.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.58%	30.49%	+1.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.40%	30.86%	+3.54%

Financials

PLOW vs. MLR - Profitability Comparison

The chart below illustrates the profitability comparison between Douglas Dynamics, Inc. and Miller Industries, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PLOW - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Douglas Dynamics, Inc. reported a gross profit of 46.61M and revenue of 184.54M. Therefore, the gross margin over that period was 25.3%.

MLR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Miller Industries, Inc. reported a gross profit of 26.53M and revenue of 171.17M. Therefore, the gross margin over that period was 15.5%.

PLOW - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Douglas Dynamics, Inc. reported an operating income of 19.33M and revenue of 184.54M, resulting in an operating margin of 10.5%.

MLR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Miller Industries, Inc. reported an operating income of 5.46M and revenue of 171.17M, resulting in an operating margin of 3.2%.

PLOW - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Douglas Dynamics, Inc. reported a net income of 12.84M and revenue of 184.54M, resulting in a net margin of 7.0%.

MLR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Miller Industries, Inc. reported a net income of 3.41M and revenue of 171.17M, resulting in a net margin of 2.0%.