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Side-by-side financial comparison of C3.ai, Inc. (AI) and DMC Global Inc. (BOOM). Click either name above to swap in a different company.
DMC Global Inc. is the larger business by last-quarter revenue ($143.5M vs $75.1M, roughly 1.9× C3.ai, Inc.). DMC Global Inc. runs the higher net margin — -7.8% vs -139.3%, a 131.5% gap on every dollar of revenue. On growth, DMC Global Inc. posted the faster year-over-year revenue change (-5.8% vs -20.3%). DMC Global Inc. produced more free cash flow last quarter ($9.6M vs $-46.9M). Over the past eight quarters, C3.ai, Inc.'s revenue compounded faster (-2.1% CAGR vs -7.3%).
C3.ai, Inc. is a leading enterprise artificial intelligence software provider that develops and delivers scalable AI applications, platform tools, and industry-specific solutions for clients across sectors including manufacturing, energy, financial services, healthcare and public sector. Its offerings help organizations optimize operations, reduce costs, mitigate risks, and realize data-driven decision making.
DMC Mining Services is a mining services contractor founded in 1980 operating in Canada, the United States, Chile, and Mongolia
AI vs BOOM — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $143.5M |
| Net Profit | $-104.7M | $-11.2M |
| Gross Margin | 40.4% | 17.1% |
| Operating Margin | -149.2% | -7.8% |
| Net Margin | -139.3% | -7.8% |
| Revenue YoY | -20.3% | -5.8% |
| Net Profit YoY | -58.7% | -3871.6% |
| EPS (diluted) | $-0.75 | $-0.60 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $75.1M | $143.5M | ||
| Q3 25 | $70.3M | $151.5M | ||
| Q2 25 | $108.7M | $155.5M | ||
| Q1 25 | $98.8M | $159.3M | ||
| Q4 24 | $94.3M | $152.4M | ||
| Q3 24 | $87.2M | $152.4M | ||
| Q2 24 | $86.6M | $171.2M | ||
| Q1 24 | $78.4M | $166.9M |
| Q4 25 | $-104.7M | $-11.2M | ||
| Q3 25 | $-116.8M | $-3.1M | ||
| Q2 25 | $-79.7M | $116.0K | ||
| Q1 25 | $-80.2M | $677.0K | ||
| Q4 24 | $-66.0M | $296.0K | ||
| Q3 24 | $-62.8M | $-101.3M | ||
| Q2 24 | $-72.9M | $4.0M | ||
| Q1 24 | $-72.6M | $2.6M |
| Q4 25 | 40.4% | 17.1% | ||
| Q3 25 | 37.6% | 21.7% | ||
| Q2 25 | 62.1% | 23.6% | ||
| Q1 25 | 59.1% | 25.9% | ||
| Q4 24 | 61.3% | 20.8% | ||
| Q3 24 | 59.8% | 19.8% | ||
| Q2 24 | 59.6% | 27.1% | ||
| Q1 24 | 57.8% | 25.4% |
| Q4 25 | -149.2% | -7.8% | ||
| Q3 25 | -177.7% | 0.4% | ||
| Q2 25 | -81.8% | 2.5% | ||
| Q1 25 | -88.7% | 4.1% | ||
| Q4 24 | -79.8% | -0.5% | ||
| Q3 24 | -83.2% | -97.7% | ||
| Q2 24 | -95.1% | 6.8% | ||
| Q1 24 | -105.3% | 4.0% |
| Q4 25 | -139.3% | -7.8% | ||
| Q3 25 | -166.2% | -2.0% | ||
| Q2 25 | -73.3% | 0.1% | ||
| Q1 25 | -81.2% | 0.4% | ||
| Q4 24 | -69.9% | 0.2% | ||
| Q3 24 | -72.0% | -66.5% | ||
| Q2 24 | -84.2% | 2.3% | ||
| Q1 24 | -92.6% | 1.5% |
| Q4 25 | $-0.75 | $-0.60 | ||
| Q3 25 | $-0.86 | $-0.10 | ||
| Q2 25 | $-0.60 | $-0.24 | ||
| Q1 25 | $-0.62 | $0.04 | ||
| Q4 24 | $-0.52 | $-0.18 | ||
| Q3 24 | $-0.50 | $-8.27 | ||
| Q2 24 | $-0.59 | $0.24 | ||
| Q1 24 | $-0.60 | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $675.0M | $31.9M |
| Total DebtLower is stronger | — | $50.6M |
| Stockholders' EquityBook value | $771.9M | $242.1M |
| Total Assets | $961.3M | $635.8M |
| Debt / EquityLower = less leverage | — | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | $31.9M | ||
| Q3 25 | $711.9M | $26.4M | ||
| Q2 25 | $742.7M | $12.4M | ||
| Q1 25 | $724.3M | $14.7M | ||
| Q4 24 | $730.4M | $14.3M | ||
| Q3 24 | $762.5M | $14.5M | ||
| Q2 24 | $750.4M | $14.6M | ||
| Q1 24 | $723.3M | $20.4M |
| Q4 25 | — | $50.6M | ||
| Q3 25 | — | $56.5M | ||
| Q2 25 | — | $58.7M | ||
| Q1 25 | — | $72.4M | ||
| Q4 24 | — | $70.8M | ||
| Q3 24 | — | $74.2M | ||
| Q2 24 | — | $84.1M | ||
| Q1 24 | — | $88.0M |
| Q4 25 | $771.9M | $242.1M | ||
| Q3 25 | $798.8M | $253.0M | ||
| Q2 25 | $838.3M | $253.9M | ||
| Q1 25 | $860.2M | $253.9M | ||
| Q4 24 | $859.0M | $251.0M | ||
| Q3 24 | $874.9M | $256.5M | ||
| Q2 24 | $873.4M | $416.0M | ||
| Q1 24 | $898.0M | $409.9M |
| Q4 25 | $961.3M | $635.8M | ||
| Q3 25 | $968.7M | $644.1M | ||
| Q2 25 | $1.0B | $645.0M | ||
| Q1 25 | $1.1B | $670.6M | ||
| Q4 24 | $1.0B | $671.3M | ||
| Q3 24 | $1.1B | $702.0M | ||
| Q2 24 | $1.0B | $869.5M | ||
| Q1 24 | $1.1B | $860.0M |
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | 0.23× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | 0.29× | ||
| Q2 24 | — | 0.20× | ||
| Q1 24 | — | 0.21× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-46.5M | $15.2M |
| Free Cash FlowOCF − Capex | $-46.9M | $9.6M |
| FCF MarginFCF / Revenue | -62.4% | 6.7% |
| Capex IntensityCapex / Revenue | 0.5% | 3.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | $37.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.5M | $15.2M | ||
| Q3 25 | $-33.5M | $18.6M | ||
| Q2 25 | $11.3M | $15.2M | ||
| Q1 25 | $-22.0M | $4.5M | ||
| Q4 24 | $-38.7M | $11.8M | ||
| Q3 24 | $8.0M | $19.0M | ||
| Q2 24 | $21.3M | $2.3M | ||
| Q1 24 | $-39.1M | $13.4M |
| Q4 25 | $-46.9M | $9.6M | ||
| Q3 25 | $-34.3M | $14.4M | ||
| Q2 25 | $10.3M | $12.3M | ||
| Q1 25 | $-22.4M | $709.0K | ||
| Q4 24 | $-39.5M | $6.1M | ||
| Q3 24 | $7.1M | $12.9M | ||
| Q2 24 | $18.8M | $-204.0K | ||
| Q1 24 | $-45.1M | $10.5M |
| Q4 25 | -62.4% | 6.7% | ||
| Q3 25 | -48.8% | 9.5% | ||
| Q2 25 | 9.5% | 7.9% | ||
| Q1 25 | -22.7% | 0.4% | ||
| Q4 24 | -41.9% | 4.0% | ||
| Q3 24 | 8.2% | 8.5% | ||
| Q2 24 | 21.7% | -0.1% | ||
| Q1 24 | -57.6% | 6.3% |
| Q4 25 | 0.5% | 3.9% | ||
| Q3 25 | 1.1% | 2.8% | ||
| Q2 25 | 0.9% | 1.9% | ||
| Q1 25 | 0.4% | 2.4% | ||
| Q4 24 | 0.9% | 3.7% | ||
| Q3 24 | 1.1% | 4.0% | ||
| Q2 24 | 2.9% | 1.5% | ||
| Q1 24 | 7.8% | 1.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 131.43× | ||
| Q1 25 | — | 6.63× | ||
| Q4 24 | — | 39.90× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.58× | ||
| Q1 24 | — | 5.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AI
| License And Service | $70.2M | 93% |
| Professional Services | $4.9M | 7% |
BOOM
| Dyna Energetics Segment | $68.9M | 48% |
| Other | $57.0M | 40% |
| Nobel Clad Segment | $17.7M | 12% |
