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Side-by-side financial comparison of DMC Global Inc. (BOOM) and Fat Brands, Inc (FAT). Click either name above to swap in a different company.
DMC Global Inc. is the larger business by last-quarter revenue ($143.5M vs $140.0M, roughly 1.0× Fat Brands, Inc). DMC Global Inc. runs the higher net margin — -7.8% vs -41.6%, a 33.8% gap on every dollar of revenue. On growth, Fat Brands, Inc posted the faster year-over-year revenue change (-2.3% vs -5.8%). DMC Global Inc. produced more free cash flow last quarter ($9.6M vs $-16.9M). Over the past eight quarters, Fat Brands, Inc's revenue compounded faster (-6.1% CAGR vs -7.3%).
DMC Mining Services is a mining services contractor founded in 1980 operating in Canada, the United States, Chile, and Mongolia
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
BOOM vs FAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $143.5M | $140.0M |
| Net Profit | $-11.2M | $-58.2M |
| Gross Margin | 17.1% | — |
| Operating Margin | -7.8% | -12.4% |
| Net Margin | -7.8% | -41.6% |
| Revenue YoY | -5.8% | -2.3% |
| Net Profit YoY | -3871.6% | -30.1% |
| EPS (diluted) | $-0.60 | $-3.39 |
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 | $151.5M | $140.0M | ||
| Q2 25 | $155.5M | $146.8M | ||
| Q1 25 | $159.3M | $142.0M | ||
| Q4 24 | $152.4M | $145.3M | ||
| Q3 24 | $152.4M | $143.4M | ||
| Q2 24 | $171.2M | $152.0M | ||
| Q1 24 | $166.9M | $152.0M |
| Q4 25 | $-11.2M | — | ||
| Q3 25 | $-3.1M | $-58.2M | ||
| Q2 25 | $116.0K | $-54.2M | ||
| Q1 25 | $677.0K | $-46.0M | ||
| Q4 24 | $296.0K | $-67.4M | ||
| Q3 24 | $-101.3M | $-44.8M | ||
| Q2 24 | $4.0M | $-39.4M | ||
| Q1 24 | $2.6M | $-38.3M |
| Q4 25 | 17.1% | — | ||
| Q3 25 | 21.7% | — | ||
| Q2 25 | 23.6% | — | ||
| Q1 25 | 25.9% | — | ||
| Q4 24 | 20.8% | — | ||
| Q3 24 | 19.8% | — | ||
| Q2 24 | 27.1% | — | ||
| Q1 24 | 25.4% | — |
| Q4 25 | -7.8% | — | ||
| Q3 25 | 0.4% | -12.4% | ||
| Q2 25 | 2.5% | -10.6% | ||
| Q1 25 | 4.1% | -6.0% | ||
| Q4 24 | -0.5% | -27.1% | ||
| Q3 24 | -97.7% | -6.2% | ||
| Q2 24 | 6.8% | -1.8% | ||
| Q1 24 | 4.0% | -0.9% |
| Q4 25 | -7.8% | — | ||
| Q3 25 | -2.0% | -41.6% | ||
| Q2 25 | 0.1% | -36.9% | ||
| Q1 25 | 0.4% | -32.4% | ||
| Q4 24 | 0.2% | -46.4% | ||
| Q3 24 | -66.5% | -31.2% | ||
| Q2 24 | 2.3% | -25.9% | ||
| Q1 24 | 1.5% | -25.2% |
| Q4 25 | $-0.60 | — | ||
| Q3 25 | $-0.10 | $-3.39 | ||
| Q2 25 | $-0.24 | $-3.17 | ||
| Q1 25 | $0.04 | $-2.73 | ||
| Q4 24 | $-0.18 | $-4.06 | ||
| Q3 24 | $-8.27 | $-2.74 | ||
| Q2 24 | $0.24 | $-2.43 | ||
| Q1 24 | $0.01 | $-2.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $31.9M | — |
| Total DebtLower is stronger | $50.6M | $1.3B |
| Stockholders' EquityBook value | $242.1M | $-585.8M |
| Total Assets | $635.8M | $1.2B |
| Debt / EquityLower = less leverage | 0.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.9M | — | ||
| Q3 25 | $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 | $56.5M | $1.3B | ||
| Q2 25 | $58.7M | $1.3B | ||
| Q1 25 | $72.4M | $1.3B | ||
| Q4 24 | $70.8M | $1.3B | ||
| Q3 24 | $74.2M | $1.2B | ||
| Q2 24 | $84.1M | $1.2B | ||
| Q1 24 | $88.0M | $1.2B |
| Q4 25 | $242.1M | — | ||
| Q3 25 | $253.0M | $-585.8M | ||
| Q2 25 | $253.9M | $-536.5M | ||
| Q1 25 | $253.9M | $-493.9M | ||
| Q4 24 | $251.0M | $-455.7M | ||
| Q3 24 | $256.5M | $-386.1M | ||
| Q2 24 | $416.0M | $-338.6M | ||
| Q1 24 | $409.9M | $-296.8M |
| Q4 25 | $635.8M | — | ||
| Q3 25 | $644.1M | $1.2B | ||
| Q2 25 | $645.0M | $1.2B | ||
| Q1 25 | $670.6M | $1.3B | ||
| Q4 24 | $671.3M | $1.3B | ||
| Q3 24 | $702.0M | $1.3B | ||
| Q2 24 | $869.5M | $1.4B | ||
| Q1 24 | $860.0M | $1.4B |
| 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 | $15.2M | $-14.5M |
| Free Cash FlowOCF − Capex | $9.6M | $-16.9M |
| FCF MarginFCF / Revenue | 6.7% | -12.1% |
| Capex IntensityCapex / Revenue | 3.9% | 1.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $37.0M | $-75.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.2M | — | ||
| Q3 25 | $18.6M | $-14.5M | ||
| Q2 25 | $15.2M | $-26.9M | ||
| Q1 25 | $4.5M | $-13.2M | ||
| Q4 24 | $11.8M | $-10.4M | ||
| Q3 24 | $19.0M | $-3.2M | ||
| Q2 24 | $2.3M | $-14.2M | ||
| Q1 24 | $13.4M | $-28.4M |
| Q4 25 | $9.6M | — | ||
| Q3 25 | $14.4M | $-16.9M | ||
| Q2 25 | $12.3M | $-29.3M | ||
| Q1 25 | $709.0K | $-17.8M | ||
| Q4 24 | $6.1M | $-11.0M | ||
| Q3 24 | $12.9M | $-11.1M | ||
| Q2 24 | $-204.0K | $-24.4M | ||
| Q1 24 | $10.5M | $-32.5M |
| Q4 25 | 6.7% | — | ||
| Q3 25 | 9.5% | -12.1% | ||
| Q2 25 | 7.9% | -20.0% | ||
| Q1 25 | 0.4% | -12.5% | ||
| Q4 24 | 4.0% | -7.6% | ||
| Q3 24 | 8.5% | -7.7% | ||
| Q2 24 | -0.1% | -16.1% | ||
| Q1 24 | 6.3% | -21.4% |
| Q4 25 | 3.9% | — | ||
| Q3 25 | 2.8% | 1.7% | ||
| Q2 25 | 1.9% | 1.6% | ||
| Q1 25 | 2.4% | 3.2% | ||
| Q4 24 | 3.7% | 0.4% | ||
| Q3 24 | 4.0% | 5.5% | ||
| Q2 24 | 1.5% | 6.7% | ||
| Q1 24 | 1.8% | 2.7% |
| 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
BOOM
| Dyna Energetics Segment | $68.9M | 48% |
| Other | $57.0M | 40% |
| Nobel Clad Segment | $17.7M | 12% |
FAT
| Restaurant Sales | $96.6M | 69% |
| Royalty | $21.6M | 15% |
| Factory | $9.6M | 7% |
| Advertising | $9.1M | 7% |
| Franchisor | $1.5M | 1% |
| Other | $1.5M | 1% |
