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what it is
DMC Global runs three niche industrial businesses in building products, energy tools, and clad metals.
how it gets paid
Last year Dmc Global made $610M in revenue. DynaEnergetics was the main engine at $235M, or 38% of sales.
why growth slowed
Revenue fell 5.1% last year. 23.8% gross margin mattered because it shows how much was left before overhead on $466M of sales.
what just happened
DMC Global's latest quarter showed -$0.31 EPS on $466M of revenue.
At a glance
C+ balance sheet — struggling to keep the lights on
10/100 earnings predictability — expect surprises
6.1% return on capital — nothing to write home about
-$8.20 fy2024 eps est
$2B fy2026 rev est
xvary composite: 28/100 — weak
What they do
DMC Global runs three niche industrial businesses in building products, energy tools, and clad metals.
You are not buying a generic factory. You are buying 1,600 employees across Arcadia, DynaEnergetics, and NobelClad, plus parent support for capital, legal, tech, and acquisitions. That matters because a facade, an energy tool, and an explosion-welded plate are not easy substitutes.
How they make money
$610M
annual revenue · their business grew -5.1% last year
DynaEnergetics
$235M
Arcadia Inc.
$205M
NobelClad
$115M
Other / elimination
$55M
The products that matter
energy perforating systems
DynaEnergetics
$366M · 60% of revenue
This is the main earnings lever. It produced $366M last year, so a 5% decline here hits harder than the headline suggests because most of the company runs through this segment.
largest segment
architectural building products
Arcadia
$244M · 40% of revenue
This $244M business was supposed to be the other leg of the stool. Its own 5% decline says construction demand did not offset energy weakness. You got correlation, not balance.
40% of revenue
Key numbers
$610M
annual sales
You are buying a $610M business that still lost $8.20 per share in 2024.
23.8%
gross margin
That means 23.8 cents of each sales dollar stayed before overhead.
$87M
debt
Debt was 47% of capital, so weak profits matter fast.
$8.20
fy2024 eps
Profit swung from $1.08 in 2023 to -$8.20 in 2024.
Financial health
C+
strength
- balance sheet grade C+ — weak — may struggle to fund operations
- risk rank 5 — safer than 5% of stocks
- price stability 10 / 100
- long-term debt $87M (47% of capital)
C+ — balance sheet grade and long-term debt are flagged. this stock carries more risk than average.
Total return vs. market
Return history isn't available for BOOM right now.
source: institutional data · return history unavailable
What just happened
missed estimates
DMC Global's latest quarter showed -$0.31 EPS on $466M of revenue.
Revenue rose 208% vs. prior year, but gross margin was 23.8%. Bigger sales did not turn into profit.
$466M
revenue
-$0.31
eps
23.8%
gross margin
gross margin
23.8% gross margin mattered because it shows how much was left before overhead on $466M of sales.
source: company earnings report, 2026
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What could go wrong
The operating risk is not abstract. DMC Global already fell from 20.8% gross margin to 17.1% on $143.5M of quarterly sales, lost $11.9M, and guided q1 sales 6% lower from q4. A securities investigation adds noise, but the core risk is simpler: the business is losing altitude while carrying $87M of long-term debt.
high
Persistent margin compression
Gross margin fell to 17.1% from 20.8% a year ago. That says tariffs, mix, and soft demand are hitting harder than management has offset so far.
A 3.7-point gap on $143.5M of quarterly sales is roughly $5.3M less gross profit to absorb fixed costs.
high
Securities investigation
A law firm is investigating potential securities violations tied to purchases before january 2024. That is a real overhang even if operations stay the bigger issue.
Legal costs or settlements would land on a company worth about $97M, which is meaningful for a stock this small.
med
Another step down in sales
Management expects q1 2026 sales to fall another 6% from q4. Revenue was already down 10.6% for the year, so another step lower matters.
That points to roughly $135M next quarter versus $143.5M in q4.
med
Balance sheet does not offer much cushion
The balance sheet grade is C+ and long-term debt sits at $87M, or 47% of capital. That is manageable until weak operating results last longer than planned.
If free cash flow slips from the current $42.8M, debt moves from background issue to main character fast.
What would change our mind: gross margin recovering back toward 20.8%, sales no longer stepping down from $143.5M, and free cash flow staying positive near the current $42.8M. If those do not happen, this stops looking like a rough patch and starts looking structural.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
gross margin recovery back toward 20.8%
17.1% is the problem in plain sight. If management can push gross margin back toward the prior 20.8% level, the income statement stops starting from a hole.
trend
whether both segment declines stop at the same time
DynaEnergetics and Arcadia both fell 5% last year. You want at least one segment to stabilize before calling this a recovery instead of a pause.
calendar
q1 2026 earnings report
Management guided for a 6% sales decline from q4. The next report tells you whether that was conservative or whether the slide kept going.
risk
movement on the securities investigation
Legal headlines can crowd out the operating story. For a $97M company, even moderate legal costs would matter.
Analyst rankings
earnings predictability
10 / 100
in human-speak, analysts do not trust this company to produce smooth, repeatable quarters.
risk rank
5
That means it ranks safer than just 5% of stocks in the dataset. This is the opposite of a sleep-well-at-night name.
price stability
10 / 100
The stock has been volatile. If you own it, you are signing up for a rougher ride than most names.
source: institutional data
Institutional activity
institutional ownership data for BOOM is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$8
current price
n/a
target midpoint · n/a from current
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