Revenue has declined to $135.6 million in 2026Q1, while gross margins have compressed significantly to 18.8% from the 27.1% levels observed in 2024Q2.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Sales/Revenue | 586.14M | 609.84M | 642.85M | 719.19M | 654.09M | 260.12M | 229.16M | 397.55M | 326.43M | 192.8M | 158.57M | 166.92M | 202.56M | 209.57M | 201.57M | 208.89M | 154.74M | 164.9M | 232.58M | 165.18M | 113.47M | 79.29M | 54.16M | 40.28M | 45.66M | 42.51M | 27.86M | 29.1M | 38.2M | 32.1M | 29.2M |
| Revenue Growth % | -7.73% | -5.14% | -10.61% | 9.95% | 151.46% | 13.51% | -42.36% | 21.79% | 69.31% | 21.58% | -5% | -17.6% | -3.35% | 3.97% | -3.51% | 35% | -6.16% | -29.1% | 40.81% | 45.56% | 43.11% | 46.39% | 34.48% | -11.78% | 7.39% | 52.59% | -4.25% | -23.82% | 19% | 9.93% | 49.74% |
| Cost of Goods Sold | 471.41M | 474.59M | 492.28M | 507.14M | 468.64M | 200.63M | 172.31M | 252.63M | 215.73M | 133.41M | 119.89M | 131.29M | 141.14M | 143.93M | 135.09M | 153.44M | 117.79M | 121.78M | 161.73M | 110.17M | 71.44M | 55.86M | 40.56M | 26.8M | 26.67M | 27.96M | 28.15M | 23.9M | 29.2M | 23.6M | 22.4M |
| COGS % of Revenue | - | 77.82% | 76.58% | 70.52% | 71.65% | 77.13% | 75.19% | 63.55% | 66.09% | 69.2% | 75.61% | 78.66% | 69.68% | 68.68% | 67.02% | 73.46% | 76.12% | 73.85% | 69.54% | 66.7% | 62.96% | 70.44% | 74.88% | 66.54% | 58.42% | 65.77% | 101.05% | 82.13% | 76.44% | 73.52% | 76.71% |
| Gross Profit | 114.73M | 135.25M | 150.57M | 212.05M | 185.45M | 59.48M | 56.85M | 144.92M | 110.69M | 59.39M | 38.68M | 35.62M | 61.42M | 59.51M | 59.71M | 55.45M | 36.95M | 43.12M | 70.84M | 55.01M | 42.03M | 23.43M | 13.61M | 8.87M | 11.47M | 10.68M | 5.61M | 5.2M | 9M | 8.5M | 6.8M |
| Gross Margin % | 19.57% | 22.18% | 23.42% | 29.48% | 28.35% | 22.87% | 24.81% | 36.45% | 33.91% | 30.8% | 24.39% | 21.34% | 30.32% | 28.4% | 29.62% | 26.54% | 23.88% | 26.15% | 30.46% | 33.3% | 37.04% | 29.56% | 25.12% | 22.03% | 25.11% | 25.13% | 20.13% | 17.87% | 23.56% | 26.48% | 23.29% |
| Gross Profit Growth % | - | -10.17% | -28.99% | 14.35% | 211.78% | 4.62% | -60.77% | 30.92% | 86.38% | 53.54% | 8.58% | -42% | 3.2% | -0.32% | 7.69% | 50.06% | -14.31% | -39.14% | 28.79% | 30.87% | 79.36% | 72.25% | 53.35% | -22.63% | 7.34% | 90.45% | 7.86% | -42.22% | 5.88% | 25% | 51.11% |
| Operating Expenses | 118.11M | 131.78M | 281.83M | 150.88M | 155.46M | 61.88M | 57.85M | 86.5M | 73.27M | 71.65M | 43.95M | 59.3M | 54.75M | 47.16M | 41.65M | 37.23M | 30.16M | 26.88M | 32.79M | 16.11M | 11.93M | 7.67M | 6.72M | 5.66M | 5.01M | 5.71M | 6.23M | 8M | 6.4M | 5.2M | 4.1M |
| OpEx % of Revenue | - | 21.61% | 43.84% | 20.98% | 23.77% | 23.79% | 25.24% | 21.76% | 22.45% | 37.16% | 27.72% | 35.53% | 27.03% | 22.5% | 20.66% | 17.82% | 19.49% | 16.3% | 14.1% | 9.76% | 10.51% | 9.67% | 12.4% | 14.06% | 10.98% | 13.42% | 22.38% | 27.49% | 16.75% | 16.2% | 14.04% |
| Selling, General & Admin | 107.12M | 110.04M | 108.66M | 124.44M | 118.35M | 58.78M | 53.01M | 65.45M | 61.21M | 45.72M | 38.74M | 39.74M | 41.87M | 40.81M | 35.44M | 31.52M | 24.83M | 21.82M | 25.41M | 14.92M | 11.93M | 7.67M | 6.72M | 5.66M | 5.01M | 5.71M | 6.23M | 5.2M | 5.3M | 4.1M | 3.6M |
| SG&A % of Revenue | - | 18.04% | 16.9% | 17.3% | 18.09% | 22.6% | 23.13% | 16.46% | 18.75% | 23.72% | 24.43% | 23.81% | 20.67% | 19.47% | 17.58% | 15.09% | 16.05% | 13.23% | 10.93% | 9.04% | 10.51% | 9.67% | 12.4% | 14.06% | 10.98% | 13.42% | 22.38% | 17.87% | 13.87% | 12.77% | 12.33% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 400K | 300K |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.25% | 1.03% |
| Other Operating Expenses | 2M | 21.74M | 173.17M | 26.43M | 37.11M | 3.1M | 4.84M | 21.05M | 12.06M | 25.93M | 5.21M | 19.56M | 12.88M | 6.35M | 6.21M | 5.71M | 5.33M | 5.06M | 7.38M | 1.19M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.8M | 1.1M | 700K | 200K |
| Operating Income | -8.3M | 3.47M | -131.26M | 61.18M | 29.99M | -2.4M | -996K | 58.42M | 37.42M | -12.26M | -5.27M | -23.68M | 6.67M | 11.7M | 17.4M | 18.22M | 6.79M | 16.24M | 38.05M | 38.89M | 30.1M | 15.77M | 6.89M | 2.17M | 4.84M | 4.04M | -630.11K | -2.8M | 2.6M | 3.3M | 2.7M |
| Operating Margin % | -1.42% | 0.57% | -20.42% | 8.51% | 4.58% | -0.92% | -0.43% | 14.7% | 11.46% | -6.36% | -3.33% | -14.19% | 3.29% | 5.58% | 8.63% | 8.72% | 4.39% | 9.85% | 16.36% | 23.55% | 26.53% | 19.89% | 12.72% | 5.4% | 10.6% | 9.49% | -2.26% | -9.62% | 6.81% | 10.28% | 9.25% |
| Operating Income Growth % | - | 102.64% | -314.55% | 103.99% | 1348.54% | -141.16% | -101.7% | 56.12% | 405.25% | -132.46% | 77.73% | -455.27% | -43.02% | -32.79% | -4.48% | 168.36% | -58.19% | -57.33% | -2.16% | 29.2% | 90.91% | 128.93% | 216.87% | -55.08% | 19.89% | 740.5% | 77.5% | -207.69% | -21.21% | 22.22% | 145.45% |
| EBITDA | 17.23M | 37.42M | -96.21M | 97.68M | 81.2M | 10.29M | 10.09M | 68.28M | 46.94M | -1.69M | 5.49M | -13.4M | 19.82M | 24.59M | 29.15M | 29.42M | 17.5M | 26.34M | 49.97M | 42.27M | 31.52M | 17.34M | 8.28M | 3.42M | 6.09M | 5.33M | 1.09M | -1.3M | 3.7M | 4M | 3.2M |
| EBITDA Margin % | 2.94% | 6.14% | -14.97% | 13.58% | 12.41% | 3.96% | 4.4% | 17.18% | 14.38% | -0.88% | 3.46% | -8.03% | 9.78% | 11.73% | 14.46% | 14.08% | 11.31% | 15.98% | 21.48% | 25.59% | 27.78% | 21.86% | 15.28% | 8.49% | 13.34% | 12.55% | 3.91% | -4.47% | 9.69% | 12.46% | 10.96% |
| EBITDA Growth % | 117.83% | 138.9% | -198.49% | 20.3% | 688.93% | 2.05% | -85.23% | 45.46% | 2871.19% | -130.84% | 140.99% | -167.62% | -19.41% | -15.64% | -0.91% | 68.08% | -33.56% | -47.28% | 18.21% | 34.09% | 81.83% | 109.49% | 141.85% | -43.83% | 14.19% | 389.81% | 183.77% | -135.14% | -7.5% | 25% | 128.57% |
| D&A (Non-Cash Add-back) | 25.53M | 33.96M | 35.05M | 36.51M | 51.21M | 12.69M | 11.08M | 9.86M | 9.52M | 10.57M | 10.77M | 10.28M | 13.15M | 12.89M | 11.75M | 11.2M | 10.71M | 10.11M | 11.91M | 3.38M | 1.42M | 1.57M | 1.39M | 1.25M | 1.25M | 1.3M | 1.72M | 1.5M | 1.1M | 700K | 500K |
| EBIT | -7.48M | -1.19M | -132.33M | 59.4M | 30.17M | -2.25M | -1.23M | 78.69M | 36.22M | -13.63M | -4.64M | -24.34M | 13.45M | 11.18M | 17.38M | 18.75M | 9.43M | 16.4M | 38.75M | 39.46M | 30.69M | 15.82M | 6.92M | 3.32M | 7.2M | 4.59M | -630.11K | -1.5M | 2.6M | 3.3M | 2.7M |
| Net Interest Income | -4.79M | -6.49M | -8.66M | -9.52M | -6.19M | -304K | -731K | -1.55M | -1.61M | -1.65M | -1.07M | -1.74M | -513K | -641K | -819K | -1.94M | -2.97M | -3.26M | -4.78M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4K | 38K | 7K | 13K | 8K | 74K | 216K | 689K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 3.33M | 6.49M | 8.66M | 9.52M | 6.19M | 304K | 731K | 1.55M | 1.61M | 1.65M | 1.07M | 1.75M | 551K | 648K | 832K | 1.95M | 3.05M | 3.47M | 5.47M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -9.56M | -11.15M | -9.73M | -11.3M | -6.78M | -152K | -964K | -1.72M | -2.82M | -3.02M | -434K | -2.41M | -826K | -1.17M | -851K | -1.41M | -391K | -3.31M | -4.78M | -158K | 505K | -163K | -524.01K | -527.41K | 0 | -296.75K | 0 | -1.1M | -300K | -100K | -100K |
| Pretax Income | -17.86M | -7.68M | -140.99M | 49.88M | 23.21M | -2.55M | -1.96M | 56.7M | 34.61M | -15.28M | -5.71M | -26.09M | 5.84M | 9.81M | 15.15M | 16.81M | 6.4M | 12.93M | 33.27M | 38.73M | 30.61M | 15.61M | 6.36M | 1.65M | 6.45M | 3.74M | -1.5M | -3.9M | 2.3M | 3.2M | 2.6M |
| Pretax Margin % | -3.05% | -1.26% | -21.93% | 6.94% | 3.55% | -0.98% | -0.86% | 14.26% | 10.6% | -7.93% | -3.6% | -15.63% | 2.88% | 4.68% | 7.52% | 8.05% | 4.13% | 7.84% | 14.31% | 23.45% | 26.97% | 19.68% | 11.75% | 4.09% | 14.14% | 8.79% | -5.37% | -13.4% | 6.02% | 9.97% | 8.9% |
| Income Tax | 2.55M | 4.07M | 10.97M | 15.12M | 9.38M | -1.54M | -548K | 22.66M | 4.13M | 3.57M | 797K | -2.12M | 3.91M | 3.74M | 5.32M | 4.37M | 1.13M | 4.38M | 9.21M | 14.15M | 11.34M | 5.23M | 1.96M | 1.06M | 1.61M | 401.6K | 164K | -1.2M | 900K | 1.2M | 1M |
| Effective Tax Rate % | -14.3% | -52.95% | -7.78% | 30.31% | 40.4% | 60.45% | 27.96% | 39.97% | 11.95% | -23.35% | -13.96% | 8.12% | 67.01% | 38.09% | 35.09% | 25.99% | 17.71% | 33.87% | 27.67% | 36.52% | 37.05% | 33.53% | 30.82% | 64.27% | 24.94% | 10.74% | -10.96% | 30.77% | 39.13% | 37.5% | 38.46% |
| Net Income | -24.71M | -17.89M | -158.71M | 21.39M | 14.18M | -4.63M | -1.41M | 34.04M | 30.47M | -18.85M | -6.5M | -23.97M | 2.57M | 6.46M | 10.78M | 12.49M | 5.26M | 8.55M | 24.07M | 24.59M | 20.76M | 10.37M | 3.62M | -709.16K | 170.13K | 2.79M | -1.74M | -2.7M | 1.4M | 2M | 1.6M |
| Net Margin % | -4.22% | -2.93% | -24.69% | 2.97% | 2.17% | -1.78% | -0.62% | 8.56% | 9.34% | -9.78% | -4.1% | -14.36% | 1.27% | 3.08% | 5.35% | 5.98% | 3.4% | 5.18% | 10.35% | 14.89% | 18.3% | 13.08% | 6.68% | -1.76% | 0.37% | 6.56% | -6.25% | -9.28% | 3.66% | 6.23% | 5.48% |
| Net Income Growth % | 84.38% | 88.73% | -842.03% | 50.8% | 406.61% | -227.62% | -104.15% | 11.71% | 261.63% | -189.82% | 72.86% | -1033.81% | -60.26% | -40.07% | -13.72% | 137.25% | -38.41% | -64.48% | -2.11% | 18.41% | 100.19% | 186.54% | 610.43% | -516.84% | -93.9% | 260.24% | 35.53% | -292.86% | -30% | 25% | 128.57% |
| Net Income (Continuing) | -19.67M | -11.74M | -151.96M | 34.76M | 13.83M | -1.01M | -1.41M | 34.04M | 30.47M | -18.85M | -6.5M | -23.97M | 1.93M | 6.07M | 9.83M | 12.44M | 5.25M | 8.55M | 24.07M | 24.59M | 19.27M | 10.37M | 4.4M | 1.28M | 3.93M | 3.12M | -1.66M | -2.7M | 1.4M | 2M | 1.6M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 641K | 478K | 0 | 0 | 0 | 0 | 0 | 0 | 1.5M | 0 | -1.57M | -1.99M | -1.44M | -334.31K | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 187.08M | 187.08M | 187.08M | 187.76M | 187.52M | 197.2M | 0 | 0 | 0 | 0 | 0 | 0 | 180K | 0 | 84K | 83K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.23 | -0.90 | -8.20 | 1.08 | 0.72 | -0.26 | -0.10 | 2.28 | 2.04 | -1.31 | -0.46 | -1.72 | 0.18 | 0.54 | 0.87 | 0.93 | 0.40 | 0.68 | 1.92 | 2.00 | 1.70 | 0.86 | 0.13 | -0.03 | 0.01 | 0.13 | -0.11 | -0.17 | 0.25 | 0.18 | 0.15 |
| EPS Growth % | 84.44% | 89.02% | -859.26% | 50% | 376.92% | -172.25% | -104.19% | 11.76% | 255.73% | -184.78% | 73.26% | -1055.56% | -66.67% | -37.93% | -6.45% | 132.5% | -41.18% | -64.58% | -4% | 17.65% | 97.67% | 561.54% | 533.33% | - | -93.85% | 218.18% | 35.29% | -168% | 38.89% | 20% | 122.22% |
| EPS (Basic) | - | -0.90 | -8.20 | 1.08 | 0.72 | -0.26 | -0.10 | 2.29 | 2.05 | -1.31 | -0.46 | -1.72 | 0.18 | 0.55 | 0.87 | 0.94 | 0.40 | 0.68 | 1.93 | 2.03 | 1.75 | 0.92 | 0.14 | -0.04 | 0.01 | 0.14 | -0.11 | -0.17 | 0.25 | 0.19 | 0.16 |
| Diluted Shares Outstanding | 20.07M | 19.91M | 19.67M | 19.52M | 19.37M | 17.61M | 14.79M | 14.66M | 14.62M | 14.35M | 14.13M | 13.94M | 13.69M | 13.54M | 13.27M | 13.1M | 12.88M | 12.66M | 12.55M | 12.29M | 12.21M | 12.09M | 22.36M | 22.36M | 22.36M | 21M | 15.91M | 15.91M | 5.71M | 11.43M | 10.85M |
| Basic Shares Outstanding | 20.07M | 19.91M | 19.67M | 19.5M | 19.36M | 17.61M | 14.79M | 14.58M | 14.53M | 14.35M | 14.13M | 13.94M | 13.69M | 13.53M | 13.26M | 13.09M | 12.87M | 12.64M | 12.45M | 12.08M | 11.84M | 11.29M | 20.54M | 20.27M | 15.1M | 20.01M | 15.91M | 15.91M | 5.54M | 10.67M | 10M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | 8.11% | 3.9% | - | - | - | 86.72% | 33.86% | 20% | 17.05% | 39.68% | 12.02% | 7.87% | 7.41% | 8.51% | 11.14% | - | - | - | 10.61% | - | - | - | - | - |
Cyclical Revenue Contraction
According to the company's recent financial disclosures, BOOM has experienced a sustained period of top-line decay, with revenue falling to $135.6 million in 2026Q1, representing a 14.9% year-over-year decline that underscores the challenges facing its core energy and architectural building product segments.
The consistent negative growth trajectory suggests that the company is struggling to find a floor in demand across its disparate business units. Investors should monitor whether this decline is a result of broader macroeconomic headwinds in the construction sector or a loss of market share in its specialized energy perforating systems.
As reported in the latest income statement data, gross margins have eroded to 18.8% in 2026Q1, a significant retreat from the 27.1% levels observed in 2024Q2, indicating that the company is facing substantial difficulty in maintaining pricing power amidst a cooling industrial and energy environment.
The compression in gross margins appears to reflect an inability to pass through rising input costs or a shift in product mix toward lower-margin offerings. This trend warrants further investigation into whether the current cost structure is fundamentally misaligned with the lower volume environment the company now faces.
Based on the provided quarterly figures, BOOM's operating margin has deteriorated into negative territory, reaching -3.0% in 2026Q1, which highlights the company's inability to scale its fixed cost base effectively as revenue continues to trend downward across its primary operating segments.
The transition from positive operating income to consistent losses suggests that the company's high fixed-cost manufacturing footprint is becoming a significant liability. Without a meaningful rebound in volume, the current SG&A burden appears to be disproportionately high relative to the company's diminished revenue capacity.
Financial statements indicate that net income has remained negative for several consecutive quarters, with a net margin of -4.5% in 2026Q1, suggesting that the company's bottom-line performance is currently driven by operational inefficiencies rather than non-recurring items or accounting anomalies.
While stock-based compensation remains a persistent line item, the primary driver of the poor earnings quality is the lack of core operational profitability. Investors should be wary of the potential for further impairment charges if the current earnings trajectory does not show signs of stabilization.
Analysis of the company's recent performance suggests that the 2021 Arcadia acquisition has failed to provide the expected diversification benefits, as evidenced by the -2.93% net margin and the ongoing strategic review of the legacy energy segments that were once the company's primary profit drivers.
Short-sellers would likely focus on the risk that the company is trapped in a value-destructive cycle where it must divest core assets to survive. The lack of a clear path to profitability suggests that the current conglomerate structure may be fundamentally incompatible with the company's current market environment.
Quick answers to the most common questions about buying BOOM stock.
For fiscal year 2025, DMC Global Inc. (BOOM) reported total revenue of $609.8M. This represents a 1988.5% increase compared to $29.2M in 1996.
DMC Global Inc. (BOOM) reported a net loss of $17.9M for the fiscal year ending 2025.
DMC Global Inc. (BOOM) reported an operating income of $3.5M, resulting in an operating profit margin of 0.6%. This margin reflects the operational efficiency of the business before interest and taxes.
DMC Global Inc. (BOOM) generated $135.3M in gross profit for the year, representing a gross profit margin of 22.2%. This demonstrates the company's core pricing power and production efficiency.