Company / R&D Expense
DOUGLAS DYNAMICS, INC R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$7.7M
FY2025
5-year range
$7.7M / $12.2M
FY2021-FY2025
Trend
-8.3%
vs FY2024
Sector context
#163 of 174
Industrials
What the data says
Among 174 Industrials companies, DOUGLAS DYNAMICS, INC is in the bottom 6% for r&d expense. R&D Expense has declined for 3 consecutive years, from $12M in FY2022 to $8M in FY2025.
Based on SEC 10-K filings.
$8M in FY2025 with a 5-year CAGR of +2.9%.
Declined from $10M to $8M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -14.1%
- 5-Year CAGR
- +2.9%
- 10-Year CAGR
- -
Sector benchmark
Bottom 6% in IndustrialsTop 94% of 174This company $7.7M Sector average $273.7M
▼
-97.2% below sector average
Key checks
Key Insights
- DOUGLAS DYNAMICS, INC's r&d expense has declined for 3 consecutive years.
- 5-year CAGR of +2.9%, indicating consistent growth.
- In FY2025, r&d expense decreased 8.3% year-over-year.
- Ranks #163 out of 174 companies in the Industrials sector.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $7.7M | -8.3% |
| FY2024 | $8.4M | -16.7% |
| FY2023 | $10.1M | -17.1% |
| FY2022 | $12.2M | +19.8% |
| FY2021 | $10.2M | +52.0% |
| FY2020 | $6.7M | +17.3% |
| FY2019 | $5.7M | +78.2% |
| FY2018 | $3.2M | +9.2% |
| FY2017 | $2.9M | -6.6% |
| FY2016 | $3.1M | +6.2% |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026