What is DMC Global's operating income?

DMC Global's total operating income in 2025 was -$110 thousand, based on the following breakdown: Total Gross Profit: $135.25 million Total Operating Expenses: $135.36 million

DMC Global (BOOM) Financials

$6.26 +0.84 (+15.50%)

Closing price 04:00 PM Eastern

Extended Trading

$6.18 -0.08 (-1.33%)

As of 07:56 PM Eastern

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Annual Income Statements for DMC Global

This table shows DMC Global's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-24	-6.51	-19	30	34	-1.41	-0.20	14	21	-161	-18
Consolidated Net Income / (Loss)	-24	-6.51	-19	30	34	-1.41	-1.21	14	35	-152	-12
Net Income / (Loss) Continuing Operations	-24	-6.51	-19	30	34	-1.41	-1.01	14	35	-152	-12
Total Pre-Tax Income	-26	-5.71	-15	35	57	-1.96	-2.55	23	50	-141	-7.68
Total Operating Income	-24	-5.27	-12	37	58	-1.00	-2.40	30	61	-131	-0.11
Total Gross Profit	36	39	59	111	145	57	59	185	212	151	135
Total Revenue	167	159	193	326	398	229	260	654	719	643	610
Operating Revenue	167	159	193	326	398	229	260	654	719	643	610
Total Cost of Revenue	131	120	133	216	253	172	201	469	507	492	475
Operating Cost of Revenue	131	120	133	216	253	172	201	469	507	492	475
Total Operating Expenses	59	44	72	73	86	58	62	155	151	282	135
Selling, General & Admin Expense	40	39	46	61	65	53	59	118	124	109	110
Amortization Expense	4.03	4.01	4.06	2.94	1.54	1.45	1.39	37	23	21	19
Other Operating Expenses / (Income)	-	0.00	0.00	8.00	-	-	-	0.00	0.00	7.77	2.69
Impairment Charge	11	0.00	18	-	-	-	-	0.00	0.00	142	0.00
Restructuring Charge	4.06	1.20	4.28	1.11	20	3.39	1.71	0.18	3.77	2.53	3.58
Total Other Income / (Expense), net	-2.41	-0.43	-3.02	-2.82	-1.72	-0.96	-0.15	-6.78	-11	-9.73	-7.57
Interest Expense	1.75	1.07	1.65	1.62	1.55	0.73	0.30	6.19	9.52	8.66	6.49
Other Income / (Expense), net	-0.67	0.63	-1.38	-1.20	-0.17	-0.23	0.15	-0.59	-1.78	-1.07	-1.08
Income Tax Expense	-2.12	0.80	3.57	4.13	23	-0.55	-1.54	9.38	15	11	4.07
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	0.00	0.00	-0.81	1.59	8.50	-58	1.71
Basic Earnings per Share	($1.72)	($0.46)	($1.31)	$2.05	$2.29	($0.10)	($0.26)	$0.72	$1.08	($8.20)	($0.90)
Weighted Average Basic Shares Outstanding	13.94M	14.13M	14.35M	14.53M	14.58M	14.79M	17.61M	19.36M	19.50M	19.67M	19.91M
Diluted Earnings per Share	($1.72)	($0.46)	($1.31)	$2.04	$2.28	($0.10)	($0.26)	$0.72	$1.08	($8.20)	($0.90)
Weighted Average Diluted Shares Outstanding	13.94M	14.13M	14.35M	14.62M	14.66M	14.79M	17.61M	19.37M	19.52M	19.67M	19.91M
Weighted Average Basic & Diluted Shares Outstanding	13.90M	14.10M	14.40M	14.90M	14.65M	15.39M	19.35M	19.63M	19.79M	20.24M	20.49M

This table shows DMC Global's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	-2.11	2.56	4.01	-101	-66	0.68	0.89	-3.08	-14	-6.07	0.51
Consolidated Net Income / (Loss)	3.57	2.32	6.29	-159	-1.16	1.86	0.44	-2.07	-12	-6.81	2.02
Net Income / (Loss) Continuing Operations	3.57	2.32	6.29	-159	-1.16	1.86	1.10	-2.07	-16	-6.81	2.02
Total Pre-Tax Income	5.50	3.96	9.09	-152	-2.47	4.60	1.74	-1.36	-13	-5.59	3.95
Total Operating Income	9.26	6.69	12	-149	-0.70	6.51	3.90	0.61	-11	-4.08	5.22
Total Gross Profit	45	42	46	30	32	41	37	33	24	25	34
Total Revenue	174	167	171	152	152	159	155	152	144	136	157
Operating Revenue	174	167	171	152	152	159	155	152	144	136	157
Total Cost of Revenue	129	125	125	122	121	118	119	119	119	110	123
Operating Cost of Revenue	129	125	125	122	121	118	119	119	119	110	123
Total Operating Expenses	36	36	35	179	32	35	32	32	38	30	29
Selling, General & Admin Expense	27	28	27	28	25	28	26	26	30	25	25
Amortization Expense	5.67	5.29	5.31	5.28	5.28	4.76	4.76	4.76	4.76	4.36	4.36
Restructuring Charge	-	0.00	0.28	2.07	-	0.33	1.15	1.20	-	0.57	0.24
Total Other Income / (Expense), net	-3.76	-2.73	-2.60	-2.63	-1.77	-1.92	-2.16	-1.97	-3.34	-1.51	-1.27
Interest Expense	2.31	2.32	2.32	2.11	1.92	1.70	1.81	1.63	-	1.46	1.28
Other Income / (Expense), net	-1.45	-0.41	-0.28	-0.52	0.15	-0.22	-0.35	-0.33	-0.18	-0.05	0.02
Income Tax Expense	1.93	1.64	2.79	7.85	-1.31	2.73	1.42	0.71	-0.80	1.22	1.94
Net Income / (Loss) Attributable to Noncontrolling Interest	0.81	-0.24	2.28	-58	-1.45	1.19	0.21	1.01	-0.70	-0.75	1.51
Basic Earnings per Share	$0.01	$0.01	$0.24	($8.27)	($0.18)	$0.04	($0.24)	($0.10)	($0.60)	($0.34)	$0.10
Weighted Average Basic Shares Outstanding	19.50M	19.61M	19.66M	19.71M	19.67M	19.81M	20.13M	19.93M	19.91M	20.07M	20.20M
Diluted Earnings per Share	$0.01	$0.01	$0.24	($8.27)	($0.18)	$0.04	($0.24)	($0.10)	($0.60)	($0.34)	$0.10
Weighted Average Diluted Shares Outstanding	19.52M	19.62M	19.67M	19.71M	19.67M	19.82M	20.13M	19.93M	19.91M	20.07M	20.24M
Weighted Average Basic & Diluted Shares Outstanding	19.79M	19.98M	20.04M	20.03M	20.24M	20.49M	20.58M	20.59M	20.49M	20.47M	20.54M

This table details how cash moves in and out of DMC Global's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-3.11	0.13	2.56	4.40	6.98	7.83	2.62	-5.67	5.90	-17	18
Net Cash From Operating Activities	1.62	18	6.75	28	65	30	-13	45	66	47	54
Net Cash From Continuing Operating Activities	1.62	18	6.75	28	65	30	-13	45	66	47	54
Net Income / (Loss) Continuing Operations	-24	-6.51	-19	30	34	-1.41	-1.01	14	35	-152	-12
Consolidated Net Income / (Loss)	-24	-6.51	-19	30	34	-1.41	-1.01	14	35	-152	-12
Depreciation Expense	6.24	6.76	6.51	6.58	8.32	9.63	11	14	14	14	15
Amortization Expense	4.79	4.17	4.45	3.26	1.72	1.66	1.64	38	23	22	20
Non-Cash Adjustments To Reconcile Net Income	25	4.38	25	9.16	19	11	8.11	23	3.03	155	12
Changes in Operating Assets and Liabilities, net	-10	9.40	-11	-22	1.68	9.19	-33	-45	-8.92	7.52	18
Net Cash From Investing Activities	-5.33	-5.70	-6.18	-45	-26	-40	-268	-21	-28	-3.57	-6.56
Net Cash From Continuing Investing Activities	-5.33	-5.70	-6.18	-45	-26	-40	-268	-21	-28	-3.57	-6.56
Purchase of Property, Plant & Equipment	-5.43	-5.72	-6.19	-45	-27	-14	-8.66	-19	-16	-17	-17
Purchase of Investments	-	-	-	0.00	0.00	-26	-124	0.00	-12	0.00	0.00
Sale of Property, Plant & Equipment	0.00	-	0.00	0.00	1.26	0.04	1.02	0.06	0.34	0.10	4.21
Sale and/or Maturity of Investments	-	-	-	-	-	0.00	150	0.00	0.00	13	0.00
Other Investing Activities, net	0.11	0.02	-	-	-	0.00	-25	0.00	0.00	0.99	5.73
Net Cash From Financing Activities	1.79	-12	0.65	22	-31	17	283	-29	-33	-60	-29
Net Cash From Continuing Financing Activities	1.79	-12	0.65	22	-31	17	283	-29	-33	-60	-29
Repayment of Debt	-1.23	-11	-0.14	-1.94	-27	-3.22	-14	-15	-18	-188	-167
Repurchase of Common Equity	0.00	-0.03	-0.34	-0.45	-1.10	-1.89	-2.49	-1.23	-2.48	-1.24	-1.17
Payment of Dividends	-2.26	-1.15	-1.17	-1.19	-2.76	-3.75	0.00	-12	-14	-11	-6.40
Issuance of Debt	5.00	0.00	2.00	25	-	0.00	150	0.00	0.00	140	146
Issuance of Common Equity	0.27	0.32	0.30	0.44	0.56	26	149	0.20	0.31	0.13	0.00
Effect of Exchange Rate Changes	-1.19	-0.26	-	-	-	-	-	-1.17	-	-	-0.63
Cash Interest Paid	0.62	0.58	1.15	1.38	1.45	0.40	0.05	6.24	9.19	7.49	4.95
Cash Income Taxes Paid	2.49	0.35	0.12	1.28	21	0.50	7.53	2.86	4.42	8.70	11

This table details how cash moves in and out of DMC Global's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	2.98	-11	-5.88	-0.06	-0.22	0.42	-2.28	14	5.49	-0.39	-2.96
Net Cash From Operating Activities	23	13	2.34	19	12	4.49	15	19	15	-2.38	-7.96
Net Cash From Continuing Operating Activities	23	13	2.34	19	12	4.49	15	19	15	-2.38	-7.96
Net Income / (Loss) Continuing Operations	3.57	2.32	6.29	-159	-1.16	1.86	0.32	-2.07	-12	-6.81	2.02
Consolidated Net Income / (Loss)	3.57	2.32	6.29	-159	-1.16	1.86	0.32	-2.07	-12	-6.81	2.02
Depreciation Expense	3.55	3.42	3.43	3.44	3.60	3.66	3.71	3.73	3.80	3.72	3.59
Amortization Expense	5.81	5.48	5.52	5.50	5.50	4.98	4.99	5.03	5.02	4.59	4.60
Non-Cash Adjustments To Reconcile Net Income	-0.69	-1.35	-0.21	154	-2.16	2.86	-9.28	3.59	15	5.39	3.41
Changes in Operating Assets and Liabilities, net	11	3.57	-13	16	6.03	-8.88	16	8.33	3.21	-9.26	-22
Net Cash From Investing Activities	-13	9.65	-2.45	-5.68	-5.09	-3.33	2.61	-2.33	-3.52	-1.26	-0.38
Net Cash From Continuing Investing Activities	-13	9.65	-2.45	-5.68	-5.09	-3.33	2.61	-2.33	-3.52	-1.26	-0.38
Purchase of Property, Plant & Equipment	-8.52	-2.97	-2.55	-6.09	-5.68	-3.78	-2.92	-4.24	-5.56	-2.11	-1.27
Sale of Property, Plant & Equipment	0.34	0.00	0.10	-	0.00	0.02	4.17	0.02	-	0.00	0.34
Other Investing Activities, net	-	0.00	-	0.41	0.59	0.43	1.36	1.89	2.04	0.85	0.56
Net Cash From Financing Activities	-6.97	-34	-5.43	-14	-6.36	-0.14	-20	-2.40	-6.59	2.83	4.91
Net Cash From Continuing Financing Activities	-6.97	-34	-5.43	-14	-6.36	-0.14	-20	-2.40	-6.59	2.83	4.91
Repayment of Debt	-3.75	-151	-11	-11	-16	-7.00	-53	-55	-53	-55	-60
Repurchase of Common Equity	-0.15	-0.94	-0.02	-0.05	-0.24	-0.48	-0.08	-0.02	-0.59	-0.37	-0.09
Issuance of Debt	-	120	6.70	0.50	13	8.50	38	52	47	59	65

This table presents DMC Global's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	182	163	173	240	277	280	864	879	884	671	636
Total Current Assets	86	73	100	132	144	143	239	287	327	289	286
Cash & Equivalents	6.29	6.42	8.98	13	20	28	31	25	31	14	32
Accounts Receivable	36	33	49	60	61	31	72	94	106	103	94
Inventories, net	35	29	36	51	54	53	124	157	167	153	145
Prepaid Expenses	8.92	5.15	5.76	8.06	9.42	5.45	12	11	10	19	16
Plant, Property, & Equipment, net	58	57	60	95	108	109	122	129	129	129	127
Plant, Property & Equipment, gross	107	109	121	161	175	180	191	211	224	235	249
Accumulated Depreciation	49	52	61	66	67	71	69	82	94	106	122
Total Noncurrent Assets	38	32	13	13	25	27	503	463	428	253	222
Intangible Assets	20	16	13	8.59	5.88	3.67	256	218	195	174	155
Noncurrent Deferred & Refundable Income Taxes	-	0.00	0.10	4.00	3.84	4.58	6.93	7.63	6.74	1.23	0.83
Other Noncurrent Operating Assets	0.13	0.14	0.30	0.47	15	19	99	95	85	78	66
Total Liabilities & Shareholders' Equity	182	163	173	240	277	280	864	879	884	671	636
Total Liabilities	64	50	67	106	105	83	307	311	286	233	207
Total Current Liabilities	33	31	46	65	71	47	106	128	126	114	114
Short-Term Debt	-	-	0.00	3.13	3.13	3.13	15	15	15	2.50	3.44
Accounts Payable	15	13	20	24	35	18	40	47	40	45	48
Accrued Expenses	10	11	10	17	6.90	5.30	14	8.42	11	11	12
Current Deferred Revenue	2.40	2.62	-	-	-	-	-	32	22	23	23
Current Deferred & Payable Income Tax Liabilities	2.78	0.55	2.94	9.55	9.65	7.28	0.01	4.26	13	7.57	4.29
Current Employee Benefit Liabilities	2.47	3.31	6.19	9.25	11	7.16	9.77	14	17	10	13
Other Current Liabilities	-	-	5.89	1.14	4.45	6.67	27	7.04	9.08	14	10
Total Noncurrent Liabilities	31	19	22	42	34	36	201	183	160	119	92
Long-Term Debt	27	16	18	38	11	8.14	132	118	101	68	47
Noncurrent Deferred & Payable Income Tax Liabilities	2.12	1.45	0.57	0.38	3.79	2.25	2.20	1.91	1.96	0.71	0.48
Other Noncurrent Operating Liabilities	1.93	2.22	3.12	2.96	19	25	66	63	57	50	45
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	-	197	188	188	187	187
Total Equity & Noncontrolling Interests	118	112	106	134	172	197	361	381	410	251	242
Total Preferred & Common Equity	118	112	106	134	172	197	361	381	410	251	242
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	118	112	106	134	172	197	361	381	410	251	242
Common Stock	71	74	77	81	86	118	296	305	315	307	307
Retained Earnings	88	80	60	89	119	116	111	125	147	0.00	-13
Treasury Stock	0.00	-0.03	-0.36	-0.82	-7.45	-14	-19	-21	-25	-26	-27
Accumulated Other Comprehensive Income / (Loss)	-40	-42	-31	-35	-26	-23	-27	-29	-26	-30	-25

This table presents DMC Global's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	896	860	869	702	671	645	644	648	650
Total Current Assets	337	307	321	308	297	280	287	302	313
Cash & Equivalents	28	20	15	15	15	12	26	32	29
Accounts Receivable	106	105	118	111	114	110	106	91	102
Inventories, net	186	172	175	166	149	145	141	167	167
Prepaid Expenses	9.95	10	13	17	19	13	14	12	15
Plant, Property, & Equipment, net	126	129	128	130	129	130	128	124	121
Plant, Property & Equipment, gross	218	226	229	234	239	246	247	249	248
Accumulated Depreciation	92	97	100	104	110	116	118	124	127
Total Noncurrent Assets	433	424	420	264	245	235	229	222	215
Intangible Assets	201	190	185	179	169	165	160	151	146
Noncurrent Deferred & Refundable Income Taxes	6.84	7.72	8.01	1.75	1.23	1.30	1.79	0.81	0.21
Other Noncurrent Operating Assets	84	84	86	83	74	69	68	71	69
Total Liabilities & Shareholders' Equity	896	860	869	702	671	645	644	648	650
Total Liabilities	304	263	266	258	230	204	204	226	225
Total Current Liabilities	138	121	127	130	112	102	104	126	123
Short-Term Debt	15	2.50	2.50	2.50	2.50	3.56	3.13	3.75	3.75
Accounts Payable	46	51	63	56	46	41	47	58	49
Accrued Expenses	13	13	11	13	11	12	11	13	14
Current Deferred Revenue	29	19	16	21	19	12	14	27	30
Current Deferred & Payable Income Tax Liabilities	12	14	14	17	9.49	10	5.36	2.09	2.76
Current Employee Benefit Liabilities	16	12	11	12	11	12	13	11	12
Other Current Liabilities	8.69	9.29	9.34	9.65	14	10	9.94	11	11
Total Noncurrent Liabilities	166	142	140	128	118	103	100	100	103
Long-Term Debt	104	86	82	72	70	55	53	50	55
Noncurrent Deferred & Payable Income Tax Liabilities	3.34	2.39	1.94	1.70	0.73	1.19	1.27	0.12	0.41
Other Noncurrent Operating Liabilities	58	54	56	55	47	46	46	50	47
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	188	187	187	187	187	187	187	187	187
Total Equity & Noncontrolling Interests	405	410	416	257	254	254	253	235	237
Total Preferred & Common Equity	405	410	416	257	254	254	253	235	237
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	405	410	416	257	254	254	253	235	237
Common Stock	313	316	318	308	308	305	308	307	310
Retained Earnings	146	147	152	0.00	0.76	0.00	-3.08	-20	-19
Treasury Stock	-25	-26	-26	-26	-26	-27	-27	-28	-28
Accumulated Other Comprehensive Income / (Loss)	-30	-28	-28	-26	-28	-25	-25	-25	-26

This table displays calculated financial ratios and metrics derived from DMC Global's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	14,193,682.00	14,482,261.00	14,769,342.00	14,898,543.00	14,645,752.00	14,773,721.00	18,724,831.00	19,529,644.00	19,761,581.00	-	20,590,482.00
DEI Adjusted Shares Outstanding	14,193,682.00	14,482,261.00	14,769,342.00	14,898,543.00	14,645,752.00	14,773,721.00	18,724,831.00	19,529,644.00	19,761,581.00	-	20,590,482.00
DEI Earnings Per Adjusted Shares Outstanding	-1.69	-0.45	-1.28	2.05	2.32	-0.10	-0.01	0.73	1.08	-	-0.87
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-17.60%	-5.00%	21.58%	69.31%	21.79%	-42.36%	13.51%	151.46%	9.95%	-10.61%	-5.14%
EBITDA Growth	-167.93%	147.17%	-142.66%	1,818.51%	48.28%	-85.27%	6.29%	663.06%	18.22%	-199.98%	134.99%
EBIT Growth	-483.31%	80.94%	-193.82%	365.64%	60.83%	-102.11%	-83.08%	1,406.49%	102.05%	-322.79%	99.10%
NOPAT Growth	-853.95%	77.73%	-132.46%	483.98%	6.44%	-101.99%	-141.16%	1,163.08%	138.51%	-315.52%	99.92%
Net Income Growth	-1,033.81%	72.86%	-189.82%	261.63%	11.71%	-104.15%	14.16%	1,241.34%	151.28%	-537.18%	92.27%
EPS Growth	-1,055.56%	73.26%	-184.78%	255.73%	11.76%	-104.39%	-160.00%	376.92%	50.00%	-859.26%	89.02%
Operating Cash Flow Growth	-93.06%	1,024.72%	-62.92%	309.63%	133.71%	-53.00%	-142.20%	450.73%	46.71%	-29.32%	14.89%
Free Cash Flow Firm Growth	-35.31%	3.80%	-112.16%	-782.84%	304.46%	-56.33%	-4,121.66%	103.14%	194.17%	73.80%	-44.35%
Invested Capital Growth	-17.54%	-12.37%	-5.68%	41.26%	3.30%	-8.14%	337.16%	0.22%	-0.83%	-26.21%	-9.44%
Revenue Q/Q Growth	-5.73%	-1.05%	8.02%	12.33%	-0.98%	-11.32%	6.00%	18.74%	-0.14%	-3.26%	-1.43%
EBITDA Q/Q Growth	-684.68%	153.64%	33.53%	37.94%	-15.91%	-4.02%	-27.50%	31.88%	-0.47%	-9.82%	-24.62%
EBIT Q/Q Growth	-176.31%	79.81%	10.34%	54.64%	-18.32%	-168.34%	-191.24%	113.96%	-3.56%	-6.75%	-112.39%
NOPAT Q/Q Growth	-202.38%	76.87%	16.59%	118.88%	-36.99%	-410.28%	-193.62%	80.73%	2.95%	-8.21%	98.20%
Net Income Q/Q Growth	-108.32%	68.05%	1.22%	130.09%	-37.65%	75.54%	-174.26%	108.93%	0.37%	-3.21%	-1,168.36%
EPS Q/Q Growth	-104.76%	68.28%	2.24%	129.21%	-37.36%	72.97%	-425.00%	427.27%	-32.50%	-2.37%	-87.50%
Operating Cash Flow Q/Q Growth	58.63%	-29.66%	669.33%	116.36%	14.96%	-40.29%	-280.40%	234.62%	4.07%	-19.61%	6.75%
Free Cash Flow Firm Q/Q Growth	370.05%	-65.06%	-147.14%	-445.61%	243.96%	-53.30%	-13,584.02%	103.26%	19.40%	-5.17%	61.63%
Invested Capital Q/Q Growth	-16.23%	9.41%	17.74%	49.70%	-9.18%	-1.96%	313.84%	0.04%	-0.93%	-1.73%	-4.74%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	21.34%	24.39%	30.80%	33.91%	36.45%	24.81%	22.87%	28.35%	29.48%	23.42%	22.18%
EBITDA Margin	-7.98%	3.96%	-1.39%	14.11%	17.18%	4.39%	4.11%	12.47%	13.41%	-15.00%	5.53%
Operating Margin	-14.19%	-3.33%	-6.36%	11.46%	14.70%	-0.43%	-0.92%	4.59%	8.51%	-20.42%	-0.02%
EBIT Margin	-14.59%	-2.93%	-7.07%	11.10%	14.65%	-0.54%	-0.87%	4.49%	8.26%	-20.58%	-0.19%
Profit (Net Income) Margin	-14.36%	-4.10%	-9.78%	9.34%	8.56%	-0.62%	-0.47%	2.11%	4.83%	-23.64%	-1.93%
Tax Burden Percent	91.88%	113.96%	123.35%	88.05%	60.03%	72.04%	47.46%	59.60%	69.69%	107.78%	152.95%
Interest Burden Percent	107.15%	122.99%	112.09%	95.54%	97.33%	159.48%	113.51%	78.95%	83.98%	106.55%	647.47%
Effective Tax Rate	0.00%	0.00%	0.00%	11.95%	39.97%	0.00%	0.00%	40.40%	30.31%	0.00%	0.00%
Return on Invested Capital (ROIC)	-10.76%	-2.83%	-7.24%	23.74%	21.23%	-0.43%	-0.41%	2.65%	6.33%	-15.78%	-0.02%
ROIC Less NNEP Spread (ROIC-NNEP)	-53.31%	-21.32%	-115.93%	10.53%	12.63%	2.62%	0.86%	-0.96%	-2.42%	-109.12%	-31.02%
Return on Net Nonoperating Assets (RNNOA)	-6.78%	-2.81%	-10.04%	1.65%	0.99%	-0.33%	0.08%	-0.19%	-0.37%	-13.56%	-2.69%
Return on Equity (ROE)	-17.54%	-5.64%	-17.28%	25.39%	22.22%	-0.77%	-0.32%	2.46%	5.96%	-29.33%	-2.71%
Cash Return on Invested Capital (CROIC)	8.47%	10.36%	-1.39%	-10.47%	17.98%	8.05%	-125.94%	2.43%	7.16%	14.39%	9.89%
Operating Return on Assets (OROA)	-12.13%	-2.69%	-8.13%	17.52%	22.50%	-0.44%	-0.39%	3.37%	6.74%	-17.01%	-0.18%
Return on Assets (ROA)	-11.94%	-3.77%	-11.23%	14.74%	13.15%	-0.51%	-0.21%	1.59%	3.94%	-19.53%	-1.80%
Return on Common Equity (ROCE)	-17.54%	-5.64%	-17.28%	25.39%	22.22%	-0.77%	-0.24%	1.62%	4.04%	-18.72%	-1.54%
Return on Equity Simple (ROE_SIMPLE)	-20.24%	-5.79%	-17.82%	22.69%	19.78%	-0.72%	-0.34%	3.63%	0.00%	-60.55%	0.00%
Net Operating Profit after Tax (NOPAT)	-17	-3.69	-8.58	33	35	-0.70	-1.68	18	43	-92	-0.08
NOPAT Margin	-9.93%	-2.33%	-4.45%	10.10%	8.82%	-0.30%	-0.65%	2.73%	5.93%	-14.29%	-0.01%
Net Nonoperating Expense Percent (NNEP)	42.55%	18.49%	108.69%	13.20%	8.60%	-3.05%	-1.27%	3.60%	8.76%	93.35%	31.00%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	3.48%	8.10%	-28.55%	-0.03%
Cost of Revenue to Revenue	78.66%	75.61%	69.20%	66.09%	63.55%	75.19%	77.13%	71.65%	70.52%	76.58%	77.82%
SG&A Expenses to Revenue	23.81%	24.43%	23.72%	18.75%	16.46%	23.13%	22.60%	18.09%	17.30%	16.90%	18.04%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	35.53%	27.72%	37.16%	22.45%	21.76%	25.24%	23.79%	23.77%	20.98%	43.84%	22.20%
Earnings before Interest and Taxes (EBIT)	-24	-4.64	-14	36	58	-1.23	-2.25	29	59	-132	-1.19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-13	6.28	-2.68	46	68	10	11	82	96	-96	34
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.82	2.00	3.45	3.85	3.80	3.24	2.06	1.00	0.91	0.59	0.57
Price to Tangible Book Value (P/TBV)	1.19	2.80	3.93	4.12	3.94	3.31	0.00	18.08	5.07	1.91	1.58
Price to Revenue (P/Rev)	0.58	1.42	1.89	1.58	1.65	2.79	2.85	0.58	0.52	0.23	0.23
Price to Earnings (P/E)	0.00	0.00	0.00	16.97	19.24	0.00	0.00	26.77	17.39	0.00	0.00
Dividend Yield	2.06%	0.51%	0.32%	0.23%	0.65%	0.91%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	5.89%	5.20%	0.00%	0.00%	3.74%	5.75%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.84	1.92	3.25	3.35	3.86	3.87	1.57	1.00	0.94	0.79	0.77
Enterprise Value to Revenue (EV/Rev)	0.70	1.48	1.94	1.67	1.63	2.60	4.06	1.03	0.88	0.61	0.56
Enterprise Value to EBITDA (EV/EBITDA)	0.00	37.34	0.00	11.84	9.50	59.28	98.72	8.27	6.55	0.00	10.18
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	15.05	11.14	0.00	0.00	22.96	10.64	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	16.55	18.50	0.00	0.00	37.75	14.82	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	72.37	12.89	55.42	19.73	10.04	19.64	0.00	15.02	9.58	8.39	6.42
Enterprise Value to Free Cash Flow (EV/FCFF)	8.98	17.33	0.00	0.00	21.84	45.96	0.00	41.18	13.11	4.66	7.37
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.23	0.14	0.17	0.31	0.08	0.06	0.26	0.23	0.19	0.16	0.12
Long-Term Debt to Equity	0.23	0.14	0.17	0.28	0.06	0.04	0.24	0.21	0.17	0.16	0.11
Financial Leverage	0.13	0.13	0.09	0.16	0.08	-0.13	0.10	0.20	0.15	0.12	0.09
Leverage Ratio	1.47	1.49	1.54	1.72	1.69	1.51	1.52	1.55	1.51	1.50	1.51
Compound Leverage Factor	1.57	1.84	1.72	1.65	1.64	2.41	1.72	1.22	1.27	1.60	9.76
Debt to Total Capital	18.47%	12.28%	14.53%	23.55%	7.66%	5.41%	20.91%	18.95%	16.23%	13.92%	10.56%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	1.78%	1.68%	1.50%	2.13%	2.14%	2.10%	0.49%	0.72%
Long-Term Debt to Total Capital	18.47%	12.28%	14.53%	21.77%	5.98%	3.91%	18.78%	16.81%	14.13%	13.43%	9.84%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	27.97%	26.75%	26.30%	36.76%	38.99%
Common Equity to Total Capital	81.53%	87.72%	85.47%	76.45%	92.34%	94.59%	51.13%	54.30%	57.47%	49.32%	50.45%
Debt to EBITDA	-2.01	2.50	-6.71	0.90	0.21	1.12	13.79	1.63	1.20	-0.73	1.50
Net Debt to EBITDA	-1.54	1.48	-3.36	0.61	-0.09	-4.24	10.91	1.32	0.75	-0.59	0.56
Long-Term Debt to EBITDA	-2.01	2.50	-6.71	0.83	0.16	0.81	12.39	1.44	1.05	-0.71	1.40
Debt to NOPAT	-1.62	-4.26	-2.10	1.26	0.41	-16.16	-87.68	7.43	2.72	-0.77	-657.71
Net Debt to NOPAT	-1.24	-2.52	-1.05	0.85	-0.17	61.19	-69.36	6.02	1.69	-0.62	-243.45
Long-Term Debt to NOPAT	-1.62	-4.26	-2.10	1.16	0.32	-11.67	-78.76	6.59	2.37	-0.74	-613.06
Altman Z-Score	2.41	4.58	4.97	5.64	6.77	6.43	2.11	2.00	2.32	1.00	1.65
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	26.13%	34.17%	32.18%	36.18%	43.15%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.63	2.39	2.19	2.05	2.02	3.04	2.26	2.24	2.58	2.53	2.50
Quick Ratio	1.28	1.28	1.28	1.13	1.14	1.81	0.97	0.93	1.19	1.03	1.10
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	13	14	-1.65	-15	30	13	-522	16	48	84	47
Operating Cash Flow to CapEx	29.78%	318.20%	109.10%	61.29%	248.95%	219.74%	-167.70%	242.61%	421.80%	271.21%	435.63%
Free Cash Flow to Firm to Interest Expense	7.47	12.69	-1.00	-9.00	19.12	17.75	-1,716.32	2.65	5.07	9.67	7.18
Operating Cash Flow to Interest Expense	0.93	17.06	4.09	17.11	41.57	41.53	-42.14	7.26	6.93	5.38	8.24
Operating Cash Flow Less CapEx to Interest Expense	-2.19	11.70	0.34	-10.81	24.87	22.63	-67.28	4.27	5.29	3.40	6.35
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.83	0.92	1.15	1.58	1.54	0.82	0.45	0.75	0.82	0.83	0.93
Accounts Receivable Turnover	4.68	4.61	4.68	5.98	6.59	4.97	5.04	7.86	7.17	6.14	6.19
Inventory Turnover	3.48	3.73	4.13	4.97	4.82	3.24	2.27	3.34	3.14	3.08	3.19
Fixed Asset Turnover	2.74	2.75	3.30	4.21	3.91	2.11	2.25	5.20	5.56	4.97	4.75
Accounts Payable Turnover	9.15	8.60	8.06	9.79	8.56	6.59	6.94	10.76	11.66	11.55	10.18
Days Sales Outstanding (DSO)	77.95	79.13	78.02	61.04	55.35	73.44	72.48	46.41	50.91	59.49	58.97
Days Inventory Outstanding (DIO)	105.02	97.85	88.33	73.44	75.71	112.59	160.81	109.35	116.34	118.37	114.26
Days Payable Outstanding (DPO)	39.89	42.44	45.26	37.28	42.62	55.43	52.62	33.92	31.31	31.61	35.86
Cash Conversion Cycle (CCC)	143.08	134.53	121.10	97.20	88.43	130.60	180.66	121.85	135.94	146.25	137.37
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	139	122	115	163	168	154	674	676	670	495	448
Invested Capital Turnover	1.08	1.21	1.63	2.35	2.41	1.42	0.63	0.97	1.07	1.10	1.29
Increase / (Decrease) in Invested Capital	-30	-17	-6.94	47	5.37	-14	520	1.49	-5.58	-176	-47
Enterprise Value (EV)	117	235	374	545	649	596	1,056	675	632	391	344
Market Capitalization	97	225	365	517	655	639	742	380	372	147	138
Book Value per Share	$8.34	$7.76	$7.16	$9.01	$11.75	$13.33	$19.25	$19.49	$20.76	$12.53	$11.76
Tangible Book Value per Share	$5.69	$5.56	$6.29	$8.44	$11.35	$13.08	($1.94)	$1.08	$3.71	$3.84	$4.23
Total Capital	145	128	124	176	186	208	705	701	714	509	480
Total Debt	27	16	18	41	14	11	147	133	116	71	51
Total Long-Term Debt	27	16	18	38	11	8.14	132	118	101	68	47
Net Debt	21	9.31	9.00	28	-6.08	-43	117	108	72	57	19
Capital Expenditures (CapEx)	5.43	5.72	6.18	45	26	14	7.64	19	16	17	12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	47	36	45	57	56	45	118	149	172	163	144
Debt-free Net Working Capital (DFNWC)	54	43	54	71	76	99	148	174	215	177	175
Net Working Capital (NWC)	54	43	54	68	73	96	133	159	200	175	172
Net Nonoperating Expense (NNE)	7.40	2.81	10	2.48	1.03	0.71	-0.47	4.04	7.87	60	12
Net Nonoperating Obligations (NNO)	21	9.60	9.30	28	-4.22	-43	117	108	72	57	19
Total Depreciation and Amortization (D&A)	11	11	11	9.83	10	11	13	52	37	36	35
Debt-free, Cash-free Net Working Capital to Revenue	28.32%	22.82%	23.52%	17.58%	14.01%	19.81%	45.20%	22.73%	23.87%	25.38%	23.54%
Debt-free Net Working Capital to Revenue	32.09%	26.87%	28.18%	21.68%	19.13%	43.34%	57.04%	26.57%	29.94%	27.60%	28.78%
Net Working Capital to Revenue	32.09%	26.87%	28.18%	20.72%	18.34%	41.98%	51.28%	24.28%	27.86%	27.21%	28.21%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.72)	($0.46)	($1.31)	$2.05	$2.29	($0.10)	($0.26)	$0.72	$1.08	($8.20)	($0.90)
Adjusted Weighted Average Basic Shares Outstanding	13.94M	14.13M	14.35M	14.53M	14.58M	14.79M	17.61M	19.36M	19.50M	19.67M	19.91M
Adjusted Diluted Earnings per Share	($1.72)	($0.46)	($1.31)	$2.04	$2.28	($0.10)	($0.26)	$0.72	$1.08	($8.20)	($0.90)
Adjusted Weighted Average Diluted Shares Outstanding	13.94M	14.13M	14.35M	14.62M	14.66M	14.79M	17.61M	19.37M	19.52M	19.67M	19.91M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	14.32M	14.76M	14.91M	14.90M	14.65M	15.39M	19.35M	19.63M	19.79M	20.24M	20.49M
Normalized Net Operating Profit after Tax (NOPAT)	-5.71	-2.85	6.72	34	47	1.67	-0.49	18	45	9.10	2.43
Normalized NOPAT Margin	-3.42%	-1.80%	3.49%	10.40%	11.77%	0.73%	-0.19%	2.75%	6.29%	1.41%	0.40%
Pre Tax Income Margin	-15.63%	-3.60%	-7.93%	10.60%	14.26%	-0.86%	-0.98%	3.55%	6.94%	-21.93%	-1.26%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-13.95	-4.35	-8.27	22.43	37.49	-1.68	-7.40	4.75	6.24	-15.27	-0.18
NOPAT to Interest Expense	-9.50	-3.46	-5.21	20.40	22.57	-0.95	-5.53	2.89	4.48	-10.60	-0.01
EBIT Less CapEx to Interest Expense	-17.07	-9.71	-12.03	-5.49	20.79	-20.58	-32.53	1.76	4.60	-17.26	-2.08
NOPAT Less CapEx to Interest Expense	-12.61	-8.82	-8.96	-7.52	5.87	-19.86	-30.66	-0.10	2.84	-12.59	-1.90
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-9.43%	-17.68%	-6.23%	3.90%	8.11%	-265.51%	0.00%	88.92%	38.88%	-7.20%	-54.49%
Augmented Payout Ratio	-9.43%	-18.06%	-8.01%	5.39%	11.35%	-399.36%	-205.03%	97.82%	46.02%	-8.02%	-64.41%

This table displays calculated financial ratios and metrics derived from DMC Global's official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	19,761,581.00	19,761,581.00	19,982,074.00	20,038,774.00	-	20,241,851.00	20,490,722.00	20,581,269.00	20,590,482.00	20,485,914.00	20,468,807.00
DEI Adjusted Shares Outstanding	19,761,581.00	19,761,581.00	19,982,074.00	20,038,774.00	-	20,241,851.00	20,490,722.00	20,581,269.00	20,590,482.00	20,485,914.00	20,468,807.00
DEI Earnings Per Adjusted Shares Outstanding	-0.11	0.13	0.20	-5.06	-	0.03	-0.05	-0.15	-0.70	-0.30	0.02
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.59%	-9.48%	-9.27%	-11.45%	-12.45%	-4.54%	-9.17%	-0.59%	-5.80%	-14.88%	0.94%
EBITDA Growth	-2.60%	-6.44%	-43.13%	-615.24%	-50.24%	-1.61%	-39.81%	106.43%	-129.04%	-72.05%	9.53%
EBIT Growth	-21.93%	-10.56%	-57.07%	-930.12%	-107.05%	0.25%	-68.85%	100.18%	-1,952.27%	-165.58%	47.37%
NOPAT Growth	30.13%	17.59%	-58.73%	-897.79%	-108.11%	-32.56%	-91.12%	100.41%	-1,499.14%	-208.26%	270.34%
Net Income Growth	3.72%	8.42%	-64.09%	-1,483.22%	-132.39%	-19.66%	-93.06%	98.70%	-935.90%	-465.54%	361.56%
EPS Growth	-98.11%	200.00%	-65.71%	-2,276.32%	-1,900.00%	300.00%	-200.00%	98.79%	-233.33%	-950.00%	141.67%
Operating Cash Flow Growth	12.51%	90.23%	-79.59%	-21.49%	-49.04%	-66.61%	550.70%	-2.08%	28.64%	-153.01%	-152.21%
Free Cash Flow Firm Growth	270.26%	360.56%	88.91%	473.46%	1,412.59%	940.41%	701.02%	-51.37%	-77.79%	-69.64%	-81.25%
Invested Capital Growth	-0.83%	-1.81%	-2.20%	-25.61%	-26.21%	-24.95%	-27.57%	-6.58%	-9.44%	-10.83%	-6.62%
Revenue Q/Q Growth	1.10%	-4.12%	2.58%	-10.95%	-0.04%	4.54%	-2.39%	-2.54%	-5.28%	-5.53%	15.75%
EBITDA Q/Q Growth	-37.06%	-11.57%	34.10%	-790.29%	106.08%	74.86%	-17.96%	-26.26%	-127.45%	268.31%	221.49%
EBIT Q/Q Growth	-56.60%	-19.63%	81.57%	-1,410.89%	99.63%	1,242.47%	-43.59%	-92.23%	-4,197.10%	63.49%	226.77%
NOPAT Q/Q Growth	-54.04%	-34.82%	106.77%	-1,388.05%	99.53%	641.88%	-72.77%	-40.61%	-1,924.59%	63.32%	193.15%
Net Income Q/Q Growth	-69.03%	-35.02%	171.37%	-2,633.23%	99.27%	261.16%	-76.54%	-573.68%	-478.50%	43.13%	129.62%
EPS Q/Q Growth	-97.37%	0.00%	2,300.00%	-3,545.83%	97.82%	122.22%	-700.00%	58.33%	-500.00%	43.33%	129.41%
Operating Cash Flow Q/Q Growth	-4.23%	-42.02%	-82.57%	711.01%	-37.84%	-62.00%	239.71%	22.04%	-18.34%	-115.66%	-234.59%
Free Cash Flow Firm Q/Q Growth	-3.76%	39.82%	43.51%	196.96%	153.85%	-3.82%	10.49%	-81.97%	15.95%	31.43%	-31.75%
Invested Capital Q/Q Growth	-0.93%	-0.85%	1.21%	-25.17%	-1.73%	0.84%	-2.31%	-3.49%	-4.74%	-0.71%	2.30%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	26.06%	25.38%	27.11%	19.75%	20.80%	25.86%	23.62%	21.66%	17.07%	18.76%	21.89%
EBITDA Margin	9.86%	9.10%	11.89%	-92.18%	5.61%	9.38%	7.88%	5.96%	-1.73%	3.08%	8.55%
Operating Margin	5.32%	4.01%	6.83%	-97.71%	-0.46%	4.09%	2.51%	0.40%	-7.75%	-3.01%	3.32%
EBIT Margin	4.49%	3.76%	6.66%	-98.05%	-0.36%	3.95%	2.28%	0.18%	-7.88%	-3.04%	3.33%
Profit (Net Income) Margin	2.05%	1.39%	3.68%	-104.58%	-0.76%	1.17%	0.28%	-1.37%	-8.34%	-5.02%	1.29%
Tax Burden Percent	64.87%	58.53%	69.27%	105.18%	46.82%	40.54%	25.11%	152.65%	94.60%	121.85%	51.02%
Interest Burden Percent	70.42%	63.10%	79.69%	101.41%	448.09%	73.01%	49.00%	-491.30%	111.95%	135.39%	75.54%
Effective Tax Rate	35.13%	41.47%	30.73%	0.00%	0.00%	59.46%	81.55%	0.00%	0.00%	0.00%	48.98%
Return on Invested Capital (ROIC)	3.69%	2.45%	4.76%	-77.04%	-0.35%	1.81%	0.49%	0.36%	-7.02%	-2.62%	2.12%
ROIC Less NNEP Spread (ROIC-NNEP)	0.98%	0.63%	2.66%	-153.87%	-1.39%	0.57%	0.01%	-5.20%	-18.14%	-12.48%	0.43%
Return on Net Nonoperating Assets (RNNOA)	0.15%	0.09%	0.38%	-21.32%	-0.17%	0.07%	0.00%	-0.53%	-1.57%	-1.16%	0.04%
Return on Equity (ROE)	3.84%	2.55%	5.14%	-98.36%	-0.53%	1.88%	0.49%	-0.17%	-8.60%	-3.78%	2.15%
Cash Return on Invested Capital (CROIC)	7.16%	8.25%	6.85%	14.98%	14.39%	12.69%	15.17%	5.93%	9.89%	9.86%	5.45%
Operating Return on Assets (OROA)	3.66%	2.99%	5.12%	-81.53%	-0.30%	3.28%	1.87%	0.17%	-7.35%	-2.71%	3.03%
Return on Assets (ROA)	1.67%	1.11%	2.83%	-86.96%	-0.63%	0.97%	0.23%	-1.26%	-7.78%	-4.46%	1.17%
Return on Common Equity (ROCE)	2.60%	1.73%	3.52%	-62.81%	-0.34%	1.20%	0.32%	-0.10%	-4.89%	-2.14%	1.22%
Return on Equity Simple (ROE_SIMPLE)	0.00%	8.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	6.01	3.91	8.09	-104	-0.49	2.64	0.72	0.43	-7.79	-2.86	2.66
NOPAT Margin	3.45%	2.35%	4.73%	-68.40%	-0.32%	1.66%	0.46%	0.28%	-5.43%	-2.11%	1.70%
Net Nonoperating Expense Percent (NNEP)	2.71%	1.83%	2.10%	76.83%	1.04%	1.24%	0.49%	5.56%	11.12%	9.86%	1.68%
Return On Investment Capital (ROIC_SIMPLE)	1.14%	0.79%	1.62%	-31.52%	-0.15%	0.81%	0.23%	0.14%	-2.66%	-0.99%	0.90%
Cost of Revenue to Revenue	73.94%	74.62%	72.89%	80.25%	79.20%	74.14%	76.38%	78.34%	82.93%	81.24%	78.11%
SG&A Expenses to Revenue	15.62%	16.90%	15.84%	18.50%	16.49%	17.77%	16.82%	17.13%	20.65%	18.15%	15.64%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	20.74%	21.37%	20.29%	117.46%	21.26%	21.78%	19.88%	21.26%	26.16%	21.78%	18.56%
Earnings before Interest and Taxes (EBIT)	7.81	6.28	11	-149	-0.55	6.30	3.55	0.28	-11	-4.13	5.23
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	17	15	20	-141	8.54	15	12	9.04	-2.48	4.17	13
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.91	0.94	0.69	1.01	0.59	0.67	0.65	0.69	0.57	0.45	0.50
Price to Tangible Book Value (P/TBV)	5.07	4.92	3.22	3.37	1.91	2.02	1.85	1.87	1.58	1.26	1.31
Price to Revenue (P/Rev)	0.52	0.55	0.42	0.39	0.23	0.27	0.27	0.28	0.23	0.18	0.20
Price to Earnings (P/E)	17.39	16.71	21.58	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	5.75%	5.98%	4.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.94	0.96	0.81	1.01	0.79	0.83	0.82	0.83	0.77	0.71	0.74
Enterprise Value to Revenue (EV/Rev)	0.88	0.91	0.80	0.76	0.61	0.65	0.64	0.63	0.56	0.54	0.57
Enterprise Value to EBITDA (EV/EBITDA)	6.55	6.71	6.81	0.00	0.00	0.00	0.00	8.74	10.18	13.76	13.94
Enterprise Value to EBIT (EV/EBIT)	10.64	10.91	12.52	0.00	0.00	0.00	0.00	40.86	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	14.82	14.86	17.32	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	9.58	8.85	8.62	8.74	8.39	11.03	7.88	7.80	6.42	6.78	14.34
Enterprise Value to Free Cash Flow (EV/FCFF)	13.11	11.56	11.69	5.74	4.66	5.62	4.53	13.56	7.37	6.80	13.11
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.19	0.15	0.14	0.17	0.16	0.16	0.13	0.13	0.12	0.13	0.14
Long-Term Debt to Equity	0.17	0.14	0.14	0.16	0.16	0.16	0.13	0.12	0.11	0.12	0.13
Financial Leverage	0.15	0.15	0.14	0.14	0.12	0.12	0.11	0.10	0.09	0.09	0.09
Leverage Ratio	1.51	1.51	1.50	1.54	1.50	1.47	1.45	1.52	1.51	1.53	1.50
Compound Leverage Factor	1.06	0.95	1.19	1.56	6.73	1.08	0.71	-7.48	1.69	2.07	1.13
Debt to Total Capital	16.23%	12.85%	12.24%	14.33%	13.92%	14.11%	11.74%	11.38%	10.56%	11.33%	12.22%
Short-Term Debt to Total Capital	2.10%	0.37%	0.36%	0.48%	0.49%	0.49%	0.71%	0.63%	0.72%	0.79%	0.78%
Long-Term Debt to Total Capital	14.13%	12.48%	11.88%	13.85%	13.43%	13.62%	11.03%	10.76%	9.84%	10.54%	11.44%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	26.30%	27.31%	27.22%	36.13%	36.76%	36.44%	37.45%	37.67%	38.99%	39.28%	38.69%
Common Equity to Total Capital	57.47%	59.84%	60.54%	49.54%	49.32%	49.46%	50.81%	50.94%	50.45%	49.39%	49.09%
Debt to EBITDA	1.20	0.92	1.05	-0.85	-0.73	-0.75	-0.56	1.26	1.50	2.35	2.45
Net Debt to EBITDA	0.75	0.71	0.87	-0.68	-0.59	-0.60	-0.44	0.67	0.56	0.98	1.26
Long-Term Debt to EBITDA	1.05	0.90	1.02	-0.82	-0.71	-0.72	-0.53	1.19	1.40	2.18	2.29
Debt to NOPAT	2.72	2.04	2.67	-0.87	-0.77	-0.79	-0.60	-13.20	-657.71	-7.20	-8.99
Net Debt to NOPAT	1.69	1.57	2.21	-0.70	-0.62	-0.63	-0.47	-7.03	-243.45	-2.99	-4.64
Long-Term Debt to NOPAT	2.37	1.99	2.59	-0.84	-0.74	-0.76	-0.57	-12.47	-613.06	-6.70	-8.42
Altman Z-Score	2.13	2.22	1.99	1.15	1.65	1.76	1.80	1.81	1.60	1.45	1.56
Noncontrolling Interest Sharing Ratio	32.18%	32.11%	31.51%	36.15%	36.18%	36.05%	35.84%	42.34%	43.15%	43.34%	43.24%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.58	2.54	2.53	2.37	2.53	2.66	2.76	2.76	2.50	2.39	2.56
Quick Ratio	1.19	1.03	1.05	0.97	1.03	1.16	1.21	1.27	1.10	0.97	1.07
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	12	16	23	69	175	168	186	34	39	51	35
Operating Cash Flow to CapEx	283.54%	452.83%	95.75%	312.28%	207.90%	119.43%	0.00%	440.59%	273.27%	-112.75%	-847.71%
Free Cash Flow to Firm to Interest Expense	5.01	6.99	10.03	32.66	91.33	99.16	0.00	20.56	0.00	35.01	27.27
Operating Cash Flow to Interest Expense	10.03	5.80	1.01	8.99	6.16	2.64	0.00	11.40	0.00	-1.63	-6.22
Operating Cash Flow Less CapEx to Interest Expense	6.49	4.52	-0.04	6.11	3.20	0.43	0.00	8.81	0.00	-3.07	-6.95
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.82	0.80	0.77	0.83	0.83	0.83	0.82	0.92	0.93	0.89	0.91
Accounts Receivable Turnover	7.17	6.56	5.94	6.14	6.14	5.80	5.42	5.71	6.19	5.71	5.53
Inventory Turnover	3.14	2.84	2.72	2.85	3.08	3.03	3.01	3.11	3.19	2.96	3.02
Fixed Asset Turnover	5.56	5.44	5.33	5.20	4.97	4.92	4.80	4.80	4.75	4.63	4.68
Accounts Payable Turnover	11.66	8.17	8.28	9.86	11.55	10.08	9.22	9.26	10.18	8.98	10.39
Days Sales Outstanding (DSO)	50.91	55.66	61.46	59.46	59.49	62.96	67.37	63.90	58.97	63.93	66.00
Days Inventory Outstanding (DIO)	116.34	128.48	134.16	128.19	118.37	120.52	121.46	117.34	114.26	123.48	120.97
Days Payable Outstanding (DPO)	31.31	44.68	44.07	37.02	31.61	36.21	39.57	39.40	35.86	40.63	35.11
Cash Conversion Cycle (CCC)	135.94	139.46	151.55	150.64	146.25	147.27	149.25	141.84	137.37	146.78	151.86
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	670	665	673	503	495	499	487	470	448	445	455
Invested Capital Turnover	1.07	1.05	1.01	1.13	1.10	1.09	1.07	1.27	1.29	1.24	1.25
Increase / (Decrease) in Invested Capital	-5.58	-12	-15	-173	-176	-166	-185	-33	-47	-54	-32
Enterprise Value (EV)	632	640	545	507	391	415	398	391	344	316	337
Market Capitalization	372	385	288	260	147	170	165	174	138	107	119
Book Value per Share	$20.76	$20.90	$20.82	$12.80	$12.53	$12.54	$12.39	$12.29	$11.76	$11.48	$11.60
Tangible Book Value per Share	$3.71	$3.99	$4.48	$3.85	$3.84	$4.18	$4.36	$4.53	$4.23	$4.12	$4.45
Total Capital	714	685	687	518	509	513	500	497	480	476	483
Total Debt	116	88	84	74	71	72	59	57	51	54	59
Total Long-Term Debt	101	86	82	72	68	70	55	53	47	50	55
Net Debt	72	68	70	60	57	58	46	30	19	22	31
Capital Expenditures (CapEx)	8.18	2.97	2.45	6.09	5.68	3.76	-1.25	4.22	5.56	2.11	0.94
Debt-free, Cash-free Net Working Capital (DFCFNWC)	172	168	182	166	163	173	170	160	144	148	166
Debt-free Net Working Capital (DFNWC)	215	189	197	180	177	188	182	186	175	179	194
Net Working Capital (NWC)	200	186	194	178	175	185	179	183	172	176	191
Net Nonoperating Expense (NNE)	2.44	1.60	1.80	55	0.67	0.78	0.28	2.50	4.18	3.95	0.65
Net Nonoperating Obligations (NNO)	72	68	70	60	57	58	46	30	19	22	31
Total Depreciation and Amortization (D&A)	9.35	8.90	8.96	8.94	9.09	8.64	8.70	8.76	8.83	8.30	8.19
Debt-free, Cash-free Net Working Capital to Revenue	23.87%	23.98%	26.62%	24.95%	25.38%	27.22%	27.40%	25.79%	23.54%	25.23%	28.22%
Debt-free Net Working Capital to Revenue	29.94%	26.90%	28.75%	27.14%	27.60%	29.54%	29.40%	30.06%	28.78%	30.60%	33.08%
Net Working Capital to Revenue	27.86%	26.54%	28.38%	26.76%	27.21%	29.14%	28.83%	29.56%	28.21%	29.96%	32.44%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.01	$0.01	$0.24	($8.27)	($0.18)	$0.04	($0.24)	($0.10)	($0.60)	($0.34)	$0.10
Adjusted Weighted Average Basic Shares Outstanding	19.50M	19.61M	19.66M	19.71M	19.67M	19.81M	20.13M	19.93M	19.91M	20.07M	20.20M
Adjusted Diluted Earnings per Share	$0.01	$0.01	$0.24	($8.27)	($0.18)	$0.04	($0.24)	($0.10)	($0.60)	($0.34)	$0.10
Adjusted Weighted Average Diluted Shares Outstanding	19.52M	19.62M	19.67M	19.71M	19.67M	19.82M	20.13M	19.93M	19.91M	20.07M	20.24M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	19.79M	19.98M	20.04M	20.03M	20.24M	20.49M	20.58M	20.59M	20.49M	20.47M	20.54M
Normalized Net Operating Profit after Tax (NOPAT)	6.01	3.91	8.29	-3.60	-0.49	4.79	2.73	1.27	-7.79	-2.46	2.78
Normalized NOPAT Margin	3.45%	2.35%	4.84%	-2.36%	-0.32%	3.01%	1.75%	0.84%	-5.43%	-1.82%	1.77%
Pre Tax Income Margin	3.16%	2.37%	5.31%	-99.44%	-1.62%	2.89%	1.12%	-0.89%	-8.82%	-4.12%	2.52%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.38	2.71	4.92	-70.73	-0.29	3.71	0.00	0.17	0.00	-2.83	4.09
NOPAT to Interest Expense	2.60	1.69	3.49	-49.34	-0.25	1.55	0.00	0.26	0.00	-1.96	2.08
EBIT Less CapEx to Interest Expense	-0.16	1.43	3.87	-73.61	-3.25	1.49	0.00	-2.42	0.00	-4.27	3.35
NOPAT Less CapEx to Interest Expense	-0.94	0.41	2.44	-52.22	-3.22	-0.66	0.00	-2.33	0.00	-3.40	1.35
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	38.88%	40.18%	50.10%	-7.80%	-7.20%	-5.89%	-7.92%	-974.51%	-54.49%	-25.71%	-0.77%
Augmented Payout Ratio	46.02%	43.79%	55.42%	-8.59%	-8.02%	-6.40%	-8.45%	-1,062.85%	-64.41%	-30.84%	-6.41%

Financials Breakdown Chart

Key Financial Trends

DMC Global (NASDAQ: BOOM) has shown a mixed but clearly improving near-term trend, even though the company is still not consistently profitable. The latest quarter, Q1 2026, showed a smaller loss than the prior quarter, while operating cash flow remained negative. On the balance sheet, liquidity improved modestly, but leverage remains meaningful and the company still carries a large redeemable noncontrolling interest tied to its capital structure.

Q1 2026 net loss narrowed to $6.8 million from $11.9 million in Q4 2025, showing some sequential improvement.
Operating loss also improved, shrinking to $4.1 million from $11.1 million in Q4 2025.
Gross profit margin improved modestly in Q1 2026 versus Q4 2025, helped by lower cost of revenue relative to sales.
Cash and equivalents rose to $31.5 million at March 31, 2026, up from $26.4 million at the end of Q3 2025.
Total current assets increased to $301.6 million, giving the company a somewhat larger working-capital base.
Short-term debt fell sharply from $3.1 million in Q3 2025 to $3.75 million in Q1 2026, and the company appears to be managing near-term obligations more conservatively than earlier in the period.
Quarterly revenues were $135.6 million in Q1 2026, down from $143.5 million in Q4 2025 and $151.5 million in Q3 2025, showing a softer top line.
The company still has significant non-operating complexity, including $187.1 million of redeemable noncontrolling interest on the balance sheet.
Q1 2026 operating cash flow was still negative at $(2.4) million, after turning positive in Q4 2025, which suggests earnings quality and working-capital volatility remain issues.
Long-term debt increased to $50.2 million in Q1 2026 from $53.4 million in Q3 2025, but overall leverage remains elevated when combined with current liabilities and the company’s complex capital structure.
Inventory remained high at $167.0 million, which can pressure cash flow if demand weakens or margins compress.
Retained earnings were still negative at $(19.5) million, reflecting the company’s history of inconsistent profitability.

Longer-term trend: DMC Global’s quarterly revenue has generally trended lower from the 2024 levels into 2025 and early 2026, while profitability has been volatile. Q3 2024 stands out as a major weak point because of a large impairment charge and a steep loss, but results have since been more stable. The recent pattern suggests the business may be recovering from a difficult stretch, yet it has not established a durable earnings recovery.

Bottom line: BOOM looks somewhat better in the latest quarter than it did at the end of 2025, especially on losses and liquidity. But investors should still view the name as a turnaround story with real risk: revenue softness, negative operating cash flow, substantial debt, and a complicated balance sheet structure remain the main concerns.

07/30/26 11:06 PM ETAI Generated. May Contain Errors.

DMC Global Financials - Frequently Asked Questions

According to the most recent income statement we have on file, DMC Global's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

DMC Global's net income appears to be on an upward trend, with a most recent value of -$11.75 million in 2025, falling from -$23.97 million in 2015. The previous period was -$151.96 million in 2024. Find out what analysts predict for DMC Global in the coming months.

DMC Global's total operating income in 2025 was -$110 thousand, based on the following breakdown:

Total Gross Profit: $135.25 million
Total Operating Expenses: $135.36 million

Over the last 10 years, DMC Global's total revenue changed from $166.92 million in 2015 to $609.84 million in 2025, a change of 265.4%.

DMC Global's total liabilities were at $206.70 million at the end of 2025, a 11.4% decrease from 2024, and a 224.1% increase since 2015.

In the past 10 years, DMC Global's cash and equivalents has ranged from $6.29 million in 2015 to $31.90 million in 2025, and is currently $31.90 million as of their latest financial filing in 2025.

Over the last 10 years, DMC Global's book value per share changed from 8.34 in 2015 to 11.76 in 2025, a change of 40.9%.

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Financial statements for NASDAQ:BOOM last updated on 7/29/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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DMC Global (BOOM) Financials

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DMC Global (BOOM) Financials

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