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Side-by-side financial comparison of AMERICAN STATES WATER CO (AWR) and DMC Global Inc. (BOOM). Click either name above to swap in a different company.
AMERICAN STATES WATER CO is the larger business by last-quarter revenue ($164.3M vs $143.5M, roughly 1.1× DMC Global Inc.). AMERICAN STATES WATER CO runs the higher net margin — 17.5% vs -7.8%, a 25.3% gap on every dollar of revenue. On growth, AMERICAN STATES WATER CO posted the faster year-over-year revenue change (14.8% vs -5.8%). DMC Global Inc. produced more free cash flow last quarter ($9.6M vs $-36.0M). Over the past eight quarters, AMERICAN STATES WATER CO's revenue compounded faster (10.2% CAGR vs -7.3%).
American Water is an American public utility company that, through its subsidiaries, provides water and wastewater services in the United States.
DMC Mining Services is a mining services contractor founded in 1980 operating in Canada, the United States, Chile, and Mongolia
AWR vs BOOM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $164.3M | $143.5M |
| Net Profit | $28.7M | $-11.2M |
| Gross Margin | 88.9% | 17.1% |
| Operating Margin | 27.4% | -7.8% |
| Net Margin | 17.5% | -7.8% |
| Revenue YoY | 14.8% | -5.8% |
| Net Profit YoY | 1.1% | -3871.6% |
| EPS (diluted) | $0.74 | $-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 | $164.3M | $143.5M | ||
| Q3 25 | $182.7M | $151.5M | ||
| Q2 25 | $163.1M | $155.5M | ||
| Q1 25 | $148.0M | $159.3M | ||
| Q4 24 | $143.1M | $152.4M | ||
| Q3 24 | $161.8M | $152.4M | ||
| Q2 24 | $155.3M | $171.2M | ||
| Q1 24 | $135.3M | $166.9M |
| Q4 25 | $28.7M | $-11.2M | ||
| Q3 25 | $41.2M | $-3.1M | ||
| Q2 25 | $33.7M | $116.0K | ||
| Q1 25 | $26.8M | $677.0K | ||
| Q4 24 | $28.4M | $296.0K | ||
| Q3 24 | $35.8M | $-101.3M | ||
| Q2 24 | $31.9M | $4.0M | ||
| Q1 24 | $23.1M | $2.6M |
| Q4 25 | 88.9% | 17.1% | ||
| Q3 25 | 91.0% | 21.7% | ||
| Q2 25 | 92.1% | 23.6% | ||
| Q1 25 | 91.3% | 25.9% | ||
| Q4 24 | 92.4% | 20.8% | ||
| Q3 24 | 92.7% | 19.8% | ||
| Q2 24 | 89.6% | 27.1% | ||
| Q1 24 | 88.4% | 25.4% |
| Q4 25 | 27.4% | -7.8% | ||
| Q3 25 | 33.8% | 0.4% | ||
| Q2 25 | 31.3% | 2.5% | ||
| Q1 25 | 30.8% | 4.1% | ||
| Q4 24 | 27.0% | -0.5% | ||
| Q3 24 | 34.0% | -97.7% | ||
| Q2 24 | 33.3% | 6.8% | ||
| Q1 24 | 28.8% | 4.0% |
| Q4 25 | 17.5% | -7.8% | ||
| Q3 25 | 22.5% | -2.0% | ||
| Q2 25 | 20.7% | 0.1% | ||
| Q1 25 | 18.1% | 0.4% | ||
| Q4 24 | 19.9% | 0.2% | ||
| Q3 24 | 22.1% | -66.5% | ||
| Q2 24 | 20.5% | 2.3% | ||
| Q1 24 | 17.1% | 1.5% |
| Q4 25 | $0.74 | $-0.60 | ||
| Q3 25 | $1.06 | $-0.10 | ||
| Q2 25 | $0.87 | $-0.24 | ||
| Q1 25 | $0.70 | $0.04 | ||
| Q4 24 | $0.75 | $-0.18 | ||
| Q3 24 | $0.95 | $-8.27 | ||
| Q2 24 | $0.85 | $0.24 | ||
| Q1 24 | $0.62 | $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 | $18.8M | $31.9M |
| Total DebtLower is stronger | $782.7M | $50.6M |
| Stockholders' EquityBook value | $1.0B | $242.1M |
| Total Assets | $2.7B | $635.8M |
| Debt / EquityLower = less leverage | 0.75× | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.8M | $31.9M | ||
| Q3 25 | $26.1M | $26.4M | ||
| Q2 25 | $20.2M | $12.4M | ||
| Q1 25 | $21.2M | $14.7M | ||
| Q4 24 | $26.7M | $14.3M | ||
| Q3 24 | $16.5M | $14.5M | ||
| Q2 24 | $3.6M | $14.6M | ||
| Q1 24 | $17.0M | $20.4M |
| Q4 25 | $782.7M | $50.6M | ||
| Q3 25 | — | $56.5M | ||
| Q2 25 | — | $58.7M | ||
| Q1 25 | — | $72.4M | ||
| Q4 24 | $640.4M | $70.8M | ||
| Q3 24 | — | $74.2M | ||
| Q2 24 | — | $84.1M | ||
| Q1 24 | — | $88.0M |
| Q4 25 | $1.0B | $242.1M | ||
| Q3 25 | $1.0B | $253.0M | ||
| Q2 25 | $972.5M | $253.9M | ||
| Q1 25 | $956.4M | $253.9M | ||
| Q4 24 | $920.1M | $251.0M | ||
| Q3 24 | $879.5M | $256.5M | ||
| Q2 24 | $833.5M | $416.0M | ||
| Q1 24 | $800.5M | $409.9M |
| Q4 25 | $2.7B | $635.8M | ||
| Q3 25 | $2.7B | $644.1M | ||
| Q2 25 | $2.6B | $645.0M | ||
| Q1 25 | $2.5B | $670.6M | ||
| Q4 24 | $2.5B | $671.3M | ||
| Q3 24 | $2.4B | $702.0M | ||
| Q2 24 | $2.3B | $869.5M | ||
| Q1 24 | $2.3B | $860.0M |
| Q4 25 | 0.75× | 0.21× | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | 0.23× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | 0.70× | 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 | $27.7M | $15.2M |
| Free Cash FlowOCF − Capex | $-36.0M | $9.6M |
| FCF MarginFCF / Revenue | -21.9% | 6.7% |
| Capex IntensityCapex / Revenue | 38.8% | 3.9% |
| Cash ConversionOCF / Net Profit | 0.96× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-7.1M | $37.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.7M | $15.2M | ||
| Q3 25 | $92.4M | $18.6M | ||
| Q2 25 | $64.6M | $15.2M | ||
| Q1 25 | $45.1M | $4.5M | ||
| Q4 24 | $64.5M | $11.8M | ||
| Q3 24 | $63.7M | $19.0M | ||
| Q2 24 | $24.7M | $2.3M | ||
| Q1 24 | $45.8M | $13.4M |
| Q4 25 | $-36.0M | $9.6M | ||
| Q3 25 | $37.7M | $14.4M | ||
| Q2 25 | $13.7M | $12.3M | ||
| Q1 25 | $-22.5M | $709.0K | ||
| Q4 24 | $6.0M | $6.1M | ||
| Q3 24 | $-478.0K | $12.9M | ||
| Q2 24 | $-37.0M | $-204.0K | ||
| Q1 24 | $-1.7M | $10.5M |
| Q4 25 | -21.9% | 6.7% | ||
| Q3 25 | 20.7% | 9.5% | ||
| Q2 25 | 8.4% | 7.9% | ||
| Q1 25 | -15.2% | 0.4% | ||
| Q4 24 | 4.2% | 4.0% | ||
| Q3 24 | -0.3% | 8.5% | ||
| Q2 24 | -23.8% | -0.1% | ||
| Q1 24 | -1.3% | 6.3% |
| Q4 25 | 38.8% | 3.9% | ||
| Q3 25 | 29.9% | 2.8% | ||
| Q2 25 | 31.2% | 1.9% | ||
| Q1 25 | 45.6% | 2.4% | ||
| Q4 24 | 40.9% | 3.7% | ||
| Q3 24 | 39.7% | 4.0% | ||
| Q2 24 | 39.8% | 1.5% | ||
| Q1 24 | 35.2% | 1.8% |
| Q4 25 | 0.96× | — | ||
| Q3 25 | 2.24× | — | ||
| Q2 25 | 1.92× | 131.43× | ||
| Q1 25 | 1.68× | 6.63× | ||
| Q4 24 | 2.27× | 39.90× | ||
| Q3 24 | 1.78× | — | ||
| Q2 24 | 0.78× | 0.58× | ||
| Q1 24 | 1.98× | 5.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AWR
| Water Service Utility Operations | $110.0M | 67% |
| Public Utilities Inventory Water | $22.3M | 14% |
| Wastewater | $15.9M | 10% |
| Electric Service Utility Operations | $15.2M | 9% |
BOOM
| Dyna Energetics Segment | $68.9M | 48% |
| Other | $57.0M | 40% |
| Nobel Clad Segment | $17.7M | 12% |
