DMC Global Inc. BOOM

Basic materials SIC 3390 - Miscellaneous Primary Metal Products NAICS Manufacturing › Fabricated Metal Product Manufacturing › Coating, Engraving, Heat Treating, and Allied Activities › Metal Heat Treating derived Nasdaq

References made in this Annual Report on Form 10-K to "we", "our", "us", "DMC", "DMC Global" and the "Company" refer to DMC Global Inc. and its consolidated subsidiaries. Unless stated otherwise, all dollar figures in this report are presented in thousands (000s).

DMC Global Inc. ("DMC", "we", "us", "our", or the "Company") operates three manufacturing businesses: Arcadia Products, DynaEnergetics and NobelClad, which provide differentiated products and engineered solutions primarily for the construction, energy, and industrial processing markets. Arcadia Products designs, engineers, fabricates and finishes aluminum framing systems, windows, curtain walls, storefronts, entrance systems, and interior partitions for the commercial construction market. Arcadia Products also supplies customized windows and doors to the high-end residential construction market. DynaEnergetics is a vertically integrated, global manufacturer of advanced perforating systems used in oil and gas well completion and well plug-and-abandonment operations. DynaEnergetics designs, engineers, manufactures, and qualifies its perforating components and systems in-house. NobelClad produces explosion-welded clad metal plates for use in the construction of corrosion-resistant industrial processing equipment. NobelClad also produces specialized transition joints for a broad range of applications, including aluminum smelting, ship construction, and liquified natural gas ("LNG") processing equipment.

Last close 5.49 2026-10-23
Market cap $112.8M 2026-06-30 share count
52-week range 4.69 - 9.20

Valuation FY2025 figures against the last close

P/S0.2x
P/E—
P/FCF3.0x
EV/EBITDA3.9x
Dividend yield0.0%
Diluted EPS-0.90

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • DynaEnergetics
  • Arcadia Products
  • NobelClad
Revenue by segment, 3 categories over 3 years. The same figures are in the table below. FY2025 DynaEnergetics, FY2025: 270.2M (44.3%) 44% DynaEnergetics Arcadia Products, FY2025: 246.2M (40.4%) 40% Arcadia Products NobelClad, FY2025: 93.4M (15.3%) 15% NobelClad FY2024 DynaEnergetics, FY2024: 287.7M (44.8%) 45% Arcadia Products, FY2024: 249.8M (38.9%) 39% NobelClad, FY2024: 105.4M (16.4%) 16% FY2023 DynaEnergetics, FY2023: 315M (43.8%) 44% Arcadia Products, FY2023: 298.9M (41.6%) 42% NobelClad, FY2023: 105.3M (14.6%) 15%
Segment FY2025FY2024FY2023
DynaEnergetics $270.2M $287.7M $315.0M
Arcadia Products $246.2M $249.8M $298.9M
NobelClad $93.4M $105.4M $105.3M

As the company reported it, from the “BUSINESS SEGMENTS - Geographic Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $609.8M$642.9M$719.2M$654.1M$260.1M$229.2M$397.6M$326.4M$192.8M$158.6M
Cost of revenue $474.6M$492.3M$507.1M$468.6M$200.6M$172.3M$252.6M$215.7M$133.4M$119.9M
Gross profit $135.3M$150.6M$212.1M$185.4M$59.5M$56.9M$144.9M$110.7M$59.4M$38.7M
R&D $5.0M$5.8M$6.9M$6.8M$7.2M$7.9M$8.4M$7.2M$5.2M$4.6M
SG&A $61.3M$61.4M$75.3M$76.1M$36.3M$29.1M$38.0M$38.5M$27.1M$22.1M
Total operating expenses $135.4M$281.8M$150.9M$155.5M$61.9M$57.8M$86.5M$73.3M$71.7M$44.0M
Operating income -$110.0K-$131.3M$61.2M$30.0M-$2.4M-$996.0K$58.4M$37.4M-$12.3M-$5.3M
Interest expense $6.5M$8.7M$9.5M$6.2M$304.0K$731.0K$1.6M$1.6M$1.6M$1.1M
Pre-tax income -$7.7M-$141.0M$49.9M$23.2M-$2.6M-$2.0M$56.7M$34.6M-$15.3M-$5.7M
Income tax $4.1M$11.0M$15.1M$9.4M$1.5M$548.0K$22.7M$4.1M$3.6M$797.0K
Net income -$13.5M-$94.5M$26.3M$12.2M-$202.0K-$1.4M$34.0M$30.5M-$18.9M-$6.5M
EPS, basic -0.90-8.201.080.72-0.26-0.102.292.05-1.31-0.46
EPS, diluted -0.90-8.201.080.72-0.26-0.102.282.04-1.31-0.46
Shares, diluted (wtd. avg.) 19.9M19.7M19.5M19.4M17.6M14.8M14.7M14.6M14.3M14.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $31.9M$14.3M$31.0M$25.1M$30.8M$28.2M$20.4M$13.4M$9.0M$6.4M
Short-term investments —$0$12.6M$0$0$25.7M$0———
Receivables $93.7M$103.4M$106.2M$94.4M$71.9M$31.4M$60.9M$59.7M$49.5M$33.0M
Inventory $144.6M$152.6M$166.7M$156.6M$124.2M$52.6M$53.7M$51.1M$35.7M$28.8M
Total current assets $286.4M$289.0M$326.8M$286.9M$239.2M$143.3M$144.4M$132.2M$100.0M$73.4M
Property, plant and equipment $127.4M$129.3M$129.3M$129.4M$122.1M$109.4M$108.2M$95.1M$59.9M$57.1M
Goodwill —$0$141.7M$141.7M$141.3M$0——$0$16.1M
Other intangibles $155.1M$174.1M$195.3M$217.9M$255.6M$3.7M$5.9M$8.6M$12.9M$15.8M
Total assets $635.8M$671.3M$884.5M$879.0M$864.4M$279.6M$277.4M$240.4M$173.1M$162.6M
Accounts payable $48.2M$45.1M$40.2M$46.8M$40.3M$17.6M$34.8M$24.2M$19.8M$13.3M
Short-term debt $3.4M$2.5M$15.0M$15.0M$15.0M$3.1M$3.1M$3.1M$0—
Total current liabilities $114.3M$114.1M$126.5M$128.1M$105.8M$47.1M$71.4M$64.6M$45.6M$30.7M
Long-term debt $47.2M$68.3M$100.9M$117.8M$132.4M$8.1M$11.1M$38.2M$18.0M—
Total liabilities $206.7M$233.3M$286.4M$310.8M$306.7M$82.7M$105.3M$106.1M$67.3M$50.1M
Retained earnings -$13.5M$0$146.6M$125.2M$111.0M$115.7M$119.0M$89.3M$60.1M$80.1M
Total equity $242.1M$251.0M$410.3M$380.6M$360.5M$196.9M$172.1M$134.3M$105.8M$112.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $53.5M$46.6M$65.9M$44.9M-$12.8M$30.4M$64.6M$27.6M$6.7M$18.2M
Depreciation and amortisation $34.0M$35.0M$36.5M$51.2M$12.7M$11.1M$9.9M$9.5M$10.6M$6.8M
Stock-based compensation $5.5M$6.9M$10.3M$10.1M$6.6M$5.7M$5.2M$3.6M$3.0M$2.3M
Capital expenditure $16.5M$17.3M$16.0M$18.6M$8.7M$13.9M$27.2M$45.1M$6.2M$5.7M
Investing cash flow -$6.6M-$3.6M-$28.1M-$20.9M-$267.8M-$39.6M-$25.9M-$45.1M-$6.2M-$5.7M
Financing cash flow -$28.7M-$59.8M-$33.2M-$28.5M$282.6M$17.3M-$30.6M$21.9M$647.0K-$12.1M
Dividends paid $0$2.5M$0$0$0$3.7M$2.8M$1.2M$1.2M$1.1M
Buybacks $1.2M$1.2M$2.5M$1.2M$2.5M$1.9M$1.1M$453.0K$337.0K$25.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000034067-26-000009.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -250M 0 250M 500M 750M Revenue, FY2016: 158.6M Gross profit, FY2016: 38.7M Net income, FY2016: -6.5M Revenue, FY2017: 192.8M Gross profit, FY2017: 59.4M Net income, FY2017: -18.9M Revenue, FY2018: 326.4M Gross profit, FY2018: 110.7M Net income, FY2018: 30.5M Revenue, FY2019: 397.6M Gross profit, FY2019: 144.9M Net income, FY2019: 34M Revenue, FY2020: 229.2M Gross profit, FY2020: 56.9M Net income, FY2020: -1.4M Revenue, FY2021: 260.1M Gross profit, FY2021: 59.5M Net income, FY2021: -202K Revenue, FY2022: 654.1M Gross profit, FY2022: 185.4M Net income, FY2022: 12.2M Revenue, FY2023: 719.2M Gross profit, FY2023: 212.1M Net income, FY2023: 26.3M Revenue, FY2024: 642.9M Gross profit, FY2024: 150.6M Net income, FY2024: -94.5M Revenue, FY2025: 609.8M Gross profit, FY2025: 135.3M Net income, FY2025: -13.5M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $158.6M $192.8M $326.4M $397.6M $229.2M $260.1M $654.1M $719.2M $642.9M $609.8M
Gross profit $38.7M $59.4M $110.7M $144.9M $56.9M $59.5M $185.4M $212.1M $150.6M $135.3M
Net income -$6.5M -$18.9M $30.5M $34.0M -$1.4M -$202.0K $12.2M $26.3M -$94.5M -$13.5M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.