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Side-by-side financial comparison of BillionToOne, Inc. (BLLN) 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 $83.5M, roughly 1.7× BillionToOne, Inc.). BillionToOne, Inc. runs the higher net margin — 6.8% vs -7.8%, a 14.6% gap on every dollar of revenue. On growth, BillionToOne, Inc. posted the faster year-over-year revenue change (117.4% vs -5.8%). DMC Global Inc. produced more free cash flow last quarter ($9.6M vs $6.5M).
BillionToOne, Inc. is a life sciences and molecular diagnostics firm developing high-precision genetic testing solutions. Its core offerings include non-invasive prenatal tests, oncology diagnostics, and rare disease screening, serving clinical providers and patients mainly in North America.
DMC Mining Services is a mining services contractor founded in 1980 operating in Canada, the United States, Chile, and Mongolia
BLLN vs BOOM — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $83.5M | $143.5M |
| Net Profit | $5.7M | $-11.2M |
| Gross Margin | 69.9% | 17.1% |
| Operating Margin | 11.5% | -7.8% |
| Net Margin | 6.8% | -7.8% |
| Revenue YoY | 117.4% | -5.8% |
| Net Profit YoY | 138.3% | -3871.6% |
| EPS (diluted) | $0.10 | $-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 | — | $143.5M | ||
| Q3 25 | $83.5M | $151.5M | ||
| Q2 25 | — | $155.5M | ||
| Q1 25 | — | $159.3M | ||
| Q4 24 | — | $152.4M | ||
| Q3 24 | $38.4M | $152.4M | ||
| Q2 24 | — | $171.2M | ||
| Q1 24 | — | $166.9M |
| Q4 25 | — | $-11.2M | ||
| Q3 25 | $5.7M | $-3.1M | ||
| Q2 25 | — | $116.0K | ||
| Q1 25 | — | $677.0K | ||
| Q4 24 | — | $296.0K | ||
| Q3 24 | $-14.9M | $-101.3M | ||
| Q2 24 | — | $4.0M | ||
| Q1 24 | — | $2.6M |
| Q4 25 | — | 17.1% | ||
| Q3 25 | 69.9% | 21.7% | ||
| Q2 25 | — | 23.6% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | 52.6% | 19.8% | ||
| Q2 24 | — | 27.1% | ||
| Q1 24 | — | 25.4% |
| Q4 25 | — | -7.8% | ||
| Q3 25 | 11.5% | 0.4% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 4.1% | ||
| Q4 24 | — | -0.5% | ||
| Q3 24 | -32.9% | -97.7% | ||
| Q2 24 | — | 6.8% | ||
| Q1 24 | — | 4.0% |
| Q4 25 | — | -7.8% | ||
| Q3 25 | 6.8% | -2.0% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | -38.8% | -66.5% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | 1.5% |
| Q4 25 | — | $-0.60 | ||
| Q3 25 | $0.10 | $-0.10 | ||
| Q2 25 | — | $-0.24 | ||
| Q1 25 | — | $0.04 | ||
| Q4 24 | — | $-0.18 | ||
| Q3 24 | $-1.47 | $-8.27 | ||
| Q2 24 | — | $0.24 | ||
| Q1 24 | — | $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 | $195.2M | $31.9M |
| Total DebtLower is stronger | $55.0M | $50.6M |
| Stockholders' EquityBook value | $-239.5M | $242.1M |
| Total Assets | $327.5M | $635.8M |
| Debt / EquityLower = less leverage | — | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $31.9M | ||
| Q3 25 | $195.2M | $26.4M | ||
| Q2 25 | — | $12.4M | ||
| Q1 25 | — | $14.7M | ||
| Q4 24 | — | $14.3M | ||
| Q3 24 | — | $14.5M | ||
| Q2 24 | — | $14.6M | ||
| Q1 24 | — | $20.4M |
| Q4 25 | — | $50.6M | ||
| Q3 25 | $55.0M | $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 | — | $242.1M | ||
| Q3 25 | $-239.5M | $253.0M | ||
| Q2 25 | — | $253.9M | ||
| Q1 25 | — | $253.9M | ||
| Q4 24 | — | $251.0M | ||
| Q3 24 | $-242.9M | $256.5M | ||
| Q2 24 | — | $416.0M | ||
| Q1 24 | — | $409.9M |
| Q4 25 | — | $635.8M | ||
| Q3 25 | $327.5M | $644.1M | ||
| Q2 25 | — | $645.0M | ||
| Q1 25 | — | $670.6M | ||
| Q4 24 | — | $671.3M | ||
| Q3 24 | — | $702.0M | ||
| Q2 24 | — | $869.5M | ||
| Q1 24 | — | $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 | $13.8M | $15.2M |
| Free Cash FlowOCF − Capex | $6.5M | $9.6M |
| FCF MarginFCF / Revenue | 7.7% | 6.7% |
| Capex IntensityCapex / Revenue | 8.8% | 3.9% |
| Cash ConversionOCF / Net Profit | 2.42× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $37.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $15.2M | ||
| Q3 25 | $13.8M | $18.6M | ||
| Q2 25 | — | $15.2M | ||
| Q1 25 | — | $4.5M | ||
| Q4 24 | — | $11.8M | ||
| Q3 24 | — | $19.0M | ||
| Q2 24 | — | $2.3M | ||
| Q1 24 | — | $13.4M |
| Q4 25 | — | $9.6M | ||
| Q3 25 | $6.5M | $14.4M | ||
| Q2 25 | — | $12.3M | ||
| Q1 25 | — | $709.0K | ||
| Q4 24 | — | $6.1M | ||
| Q3 24 | — | $12.9M | ||
| Q2 24 | — | $-204.0K | ||
| Q1 24 | — | $10.5M |
| Q4 25 | — | 6.7% | ||
| Q3 25 | 7.7% | 9.5% | ||
| Q2 25 | — | 7.9% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 8.5% | ||
| Q2 24 | — | -0.1% | ||
| Q1 24 | — | 6.3% |
| Q4 25 | — | 3.9% | ||
| Q3 25 | 8.8% | 2.8% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 1.5% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | — | — | ||
| Q3 25 | 2.42× | — | ||
| 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
BLLN
| Prenatal | $74.1M | 89% |
| Oncology | $8.7M | 10% |
BOOM
| Dyna Energetics Segment | $68.9M | 48% |
| Other | $57.0M | 40% |
| Nobel Clad Segment | $17.7M | 12% |
