DMC Global Inc (BOOM)
NASDAQ:BOOM
Top Page
DMC Global
(NASDAQ:BOOM)
Select Model
Select Model
Rating:49Neutral
Price Target:
$5.00
▼(-5.84% Downside)
Action:ReiteratedDate:02/27/26
The score is held down primarily by weak technicals (price below all key moving averages with negative MACD) and an earnings-call outlook that emphasizes ongoing margin pressure, write-offs, and macro/tariff uncertainty. These are partially offset by improving balance-sheet leverage and resilient recent cash generation, but profitability and revenue trends remain pressured.
Positive Factors
Cash Generation
Operating and free cash flow of roughly $54M in 2025 show the company's ability to convert operations into cash even while GAAP profitability lags. Durable cash generation supports deleveraging, funds targeted capex or strategic initiatives, and provides a multi-month buffer against cyclical revenue softness.
Negative Factors
Revenue and Margin Decline
A sustained revenue drop and gross margin compression from ~29.5% to ~22.2% indicate structural pressure on pricing, mix, or cost pass-through. Reduced top-line scale and thinner margins impair operating leverage, making a durable return to consistent profitability more challenging absent demand or pricing improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation
Operating and free cash flow of roughly $54M in 2025 show the company's ability to convert operations into cash even while GAAP profitability lags. Durable cash generation supports deleveraging, funds targeted capex or strategic initiatives, and provides a multi-month buffer against cyclical revenue softness.
Read all positive factors
DMC Global (BOOM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$106.53M
Dividend YieldN/A
Average Volume (3M)210.06K
Price to Earnings (P/E)―
Beta (1Y)1.17
Revenue Growth-6.90%
EPS Growth94.14%
CountryUS
Employees1,600
SectorIndustrials
Sector Strength72
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)-0.50
Shares Outstanding20,485,914
10 Day Avg. Volume167,839
30 Day Avg. Volume210,057
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)0.55
Price to Sales (P/S)0.22
P/FCF Ratio3.60
Enterprise Value/Market Cap1.20
Enterprise Value/Revenue0.21
Enterprise Value/Gross Profit1.10
Enterprise Value/Ebitda3.89
Forecast
1Y Price Target
$8.50Price Target Upside60.08% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.06
Revenue Forecast (FY)$584.50M
DMC Global Business Overview & Revenue Model
Company Description
DMC Global Inc. provides a suite of technical products for the energy, industrial, and infrastructure markets worldwide. The company operates through three segments: Arcadia, DynaEnergetics, and NobelClad. The Arcadia segment manufactures, assembl...
How the Company Makes Money
DMC Global makes money primarily by selling manufactured products through its operating businesses to distributors, contractors, OEMs, and end users across construction and industrial markets. Revenue is largely generated from (1) product sales ti...
DMC Global Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down revenue from different business segments, highlighting which areas are driving growth and where there might be challenges or opportunities for expansion.
Breaks down revenue from different business segments, highlighting which areas are driving growth and where there might be challenges or opportunities for expansion.
Data provided by:
The Fly
The FlyDMC Global Earnings Call Summary
Earnings Call Date:Feb 23, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 30, 2026
Earnings Call Sentiment Negative
The call presented a mixed picture: meaningful balance-sheet and liquidity improvements (large reductions in net and total debt, $32M cash) and identified growth opportunities provide positive elements, but operational performance was weak across core segments. Material write-offs, negative consolidated adjusted EBITDA, a sizable adjusted net loss, significant year-over-year revenue declines at NobelClad and sharp input cost increases (aluminum +55% YoY) underscore substantial near-term challenges. Management’s cautious guidance and expectation that macro headwinds (tariffs, high interest rates, project deferrals) will persist imply further pressure before recovery, so the negatives outweigh the positives.Positive Updates
Balance Sheet Improvement and Liquidity
Net debt reduced by $11.4M in the fourth quarter to $18.7M, down 67% year-over-year (lowest level since 2021). Total debt reduced to $52M, a 28% decrease from year-end 2024. Cash and cash equivalents of approximately $32M at quarter-end.
Negative Updates
Consolidated Sales Decline and Negative Segment EBITDA
Consolidated sales declined 6% year-over-year to $143.5M. Consolidated adjusted EBITDA attributable to DMC was negative $1.6M in the fourth quarter (included in results across segments).
Read all updates
Q4-2025 Updates
Positive
Negative
Balance Sheet Improvement and Liquidity
Net debt reduced by $11.4M in the fourth quarter to $18.7M, down 67% year-over-year (lowest level since 2021). Total debt reduced to $52M, a 28% decrease from year-end 2024. Cash and cash equivalents of approximately $32M at quarter-end.
Read all positive updates
Company Guidance
DMC guided Q1 FY2026 sales of $132–138 million and adjusted EBITDA attributable to DMC of $2–4 million, noting severe weather hit much of the U.S. early in the quarter and that evolving tariffs, high interest rates and volatile input costs could materially affect results. For context, Q4 consolidated sales were $143.5 million (‑6% y/y) with adjusted EBITDA attributable to DMC of negative $1.6 million (including ≈$7.0 million of DynaEnergetics write‑offs), adjusted net loss of $9.9 million, cash of ≈$32 million, total debt of $52 million (‑28% vs. year‑end 2024) and net debt of $18.7 million (‑67% vs. year‑end 2024). Segment detail cited: Arcadia Q4 sales $57.0 million with a 7.1% adj. EBITDA margin (aluminum input price +55% y/y, +12% q/q); DynaEnergetics Q4 sales $68.9 million with a negative 4% adj. EBITDA margin (Dyna paid >$3M in tariffs in Q4 and >$10M since tariffs began); NobelClad Q4 sales $17.7 million, adj. EBITDA ≈$2.1 million, and backlog $62.6 million (+28% y/y, +10% q/q). Management emphasized guidance is highly sensitive to macro and tariff developments.DMC Global Financial Statement Overview
Summary
Income Statement
41
Neutral
Balance Sheet
63
Positive
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 609.84M | 642.85M | 719.19M | 654.09M | 260.12M |
| Gross Profit | 116.20M | 150.57M | 212.05M | 185.45M | 59.48M |
| EBITDA | 32.77M | -97.28M | 95.90M | 81.38M | 10.44M |
| Net Income | -11.74M | -158.71M | 21.39M | 14.18M | -4.63M |
Balance Sheet | |||||
| Total Assets | 635.83M | 671.34M | 884.50M | 878.98M | 864.41M |
| Cash, Cash Equivalents and Short-Term Investments | 31.90M | 14.29M | 43.66M | 25.14M | 30.81M |
| Total Debt | 122.59M | 116.27M | 163.25M | 167.84M | 185.55M |
| Total Liabilities | 206.70M | 233.29M | 286.44M | 310.81M | 306.69M |
| Stockholders Equity | 242.05M | 250.97M | 410.30M | 380.65M | 360.52M |
Cash Flow | |||||
| Free Cash Flow | 37.03M | 29.31M | 49.95M | 26.35M | -21.47M |
| Operating Cash Flow | 53.53M | 46.60M | 65.93M | 44.94M | -12.81M |
| Investing Cash Flow | -6.56M | -3.57M | -28.10M | -20.93M | -267.81M |
| Financing Cash Flow | -28.74M | -59.79M | -33.18M | -28.51M | 282.58M |
DMC Global Technical Analysis
Neutral
5.31
Price Trends
6.24
Negative
6.63
Negative
7.05
Negative
Market Momentum
-0.18
Negative
46.21
Neutral
24.18
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BOOM, the sentiment is Neutral. The current price of 5.31 is above the 20-day moving average (MA) of 5.14, below the 50-day MA of 6.24, and below the 200-day MA of 7.05, indicating a neutral trend. The MACD of -0.18 indicates Negative momentum. The RSI at 46.21 is Neutral, neither overbought nor oversold. The STOCH value of 24.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BOOM.
DMC Global Risk Analysis
DMC Global disclosed 40 risk factors in its most recent earnings report. DMC Global reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
DMC Global Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $174.11M | 4.31 | 21.30% | ― | 16.61% | -72.29% | |
68 Neutral | $692.03M | -45.45 | -3.11% | ― | -1.29% | -123.25% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | $701.40M | -3.63 | -16.46% | ― | -11.02% | ― | |
52 Neutral | $119.60M | -5.56 | -21.91% | ― | -18.29% | -43.05% | |
49 Neutral | $106.53M | -11.34 | -7.14% | ― | -6.90% | 94.14% |
* Industrials Sector Average
BOOM
DMC Global
5.31
-0.97
-15.45%
FET
Forum Energy Tech
59.10
44.05
292.69%
OIS
Oil States International
11.18
7.76
226.90%
GEOS
Geospace Technologies
9.21
3.15
51.98%
NCSM
Ncs Multistage Holdings
69.48
42.47
157.24%
NINE
Nine Energy Service, Inc.
8.76
0.56
6.83%
DMC Global Corporate Events
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
DMC Global Shifts Executive Incentives to Cash Long-Term Awards
Neutral
Mar 5, 2026
On March 3, 2026, DMC Global’s board compensation committee approved cash-based long-term incentive awards for several named executive officers, using the company’s 2025 Omnibus Incentive Plan but substituting cash for equity due to an...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.