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Side-by-side financial comparison of DMC Global Inc. (BOOM) and FTAI Infrastructure Inc. (FIP). Click either name above to swap in a different company.
DMC Global Inc. is the larger business by last-quarter revenue ($143.5M vs $143.5M, roughly 1.0× FTAI Infrastructure Inc.). DMC Global Inc. runs the higher net margin — -7.8% vs -68.1%, a 60.3% gap on every dollar of revenue. On growth, FTAI Infrastructure Inc. posted the faster year-over-year revenue change (77.7% vs -5.8%). DMC Global Inc. produced more free cash flow last quarter ($9.6M vs $-68.6M). Over the past eight quarters, FTAI Infrastructure Inc.'s revenue compounded faster (31.9% CAGR vs -7.3%).
DMC Mining Services is a mining services contractor founded in 1980 operating in Canada, the United States, Chile, and Mongolia
FTAI Infrastructure Inc. owns, operates and invests in high-quality critical infrastructure assets across core sectors including transportation logistics, midstream energy, and power generation. It primarily serves North American markets, focusing on assets with stable long-term cash flows, contracted revenue streams, and strong market positions to deliver sustainable returns for stakeholders.
BOOM vs FIP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $143.5M | $143.5M |
| Net Profit | $-11.2M | $-97.7M |
| Gross Margin | 17.1% | — |
| Operating Margin | -7.8% | -45.7% |
| Net Margin | -7.8% | -68.1% |
| Revenue YoY | -5.8% | 77.7% |
| Net Profit YoY | -3871.6% | 21.6% |
| EPS (diluted) | $-0.60 | $-1.04 |
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 | $143.5M | ||
| Q3 25 | $151.5M | $140.6M | ||
| Q2 25 | $155.5M | $122.3M | ||
| Q1 25 | $159.3M | $96.2M | ||
| Q4 24 | $152.4M | $80.8M | ||
| Q3 24 | $152.4M | $83.3M | ||
| Q2 24 | $171.2M | $84.9M | ||
| Q1 24 | $166.9M | $82.5M |
| Q4 25 | $-11.2M | $-97.7M | ||
| Q3 25 | $-3.1M | $-104.5M | ||
| Q2 25 | $116.0K | $-70.0M | ||
| Q1 25 | $677.0K | $120.2M | ||
| Q4 24 | $296.0K | $-124.7M | ||
| Q3 24 | $-101.3M | $-43.0M | ||
| Q2 24 | $4.0M | $-48.1M | ||
| Q1 24 | $2.6M | $-50.3M |
| 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% | -45.7% | ||
| Q3 25 | 0.4% | -70.8% | ||
| Q2 25 | 2.5% | -56.4% | ||
| Q1 25 | 4.1% | 81.8% | ||
| Q4 24 | -0.5% | -152.7% | ||
| Q3 24 | -97.7% | -51.7% | ||
| Q2 24 | 6.8% | -56.4% | ||
| Q1 24 | 4.0% | -58.8% |
| Q4 25 | -7.8% | -68.1% | ||
| Q3 25 | -2.0% | -74.4% | ||
| Q2 25 | 0.1% | -57.2% | ||
| Q1 25 | 0.4% | 125.0% | ||
| Q4 24 | 0.2% | -154.4% | ||
| Q3 24 | -66.5% | -51.6% | ||
| Q2 24 | 2.3% | -56.7% | ||
| Q1 24 | 1.5% | -60.9% |
| Q4 25 | $-0.60 | $-1.04 | ||
| Q3 25 | $-0.10 | $-1.38 | ||
| Q2 25 | $-0.24 | $-0.73 | ||
| Q1 25 | $0.04 | $0.89 | ||
| Q4 24 | $-0.18 | $-1.21 | ||
| Q3 24 | $-8.27 | $-0.45 | ||
| Q2 24 | $0.24 | $-0.52 | ||
| Q1 24 | $0.01 | $-0.54 |
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 | $57.4M |
| Total DebtLower is stronger | $50.6M | $3.8B |
| Stockholders' EquityBook value | $242.1M | $21.3M |
| Total Assets | $635.8M | $5.7B |
| Debt / EquityLower = less leverage | 0.21× | 176.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.9M | $57.4M | ||
| Q3 25 | $26.4M | $34.7M | ||
| Q2 25 | $12.4M | $33.6M | ||
| Q1 25 | $14.7M | $26.3M | ||
| Q4 24 | $14.3M | $27.8M | ||
| Q3 24 | $14.5M | $20.3M | ||
| Q2 24 | $14.6M | $33.1M | ||
| Q1 24 | $20.4M | $23.0M |
| Q4 25 | $50.6M | $3.8B | ||
| Q3 25 | $56.5M | $3.7B | ||
| Q2 25 | $58.7M | $3.1B | ||
| Q1 25 | $72.4M | $2.8B | ||
| Q4 24 | $70.8M | $1.6B | ||
| Q3 24 | $74.2M | $1.5B | ||
| Q2 24 | $84.1M | $1.6B | ||
| Q1 24 | $88.0M | $1.3B |
| Q4 25 | $242.1M | $21.3M | ||
| Q3 25 | $253.0M | $181.1M | ||
| Q2 25 | $253.9M | $375.5M | ||
| Q1 25 | $253.9M | $476.2M | ||
| Q4 24 | $251.0M | $202.7M | ||
| Q3 24 | $256.5M | $370.8M | ||
| Q2 24 | $416.0M | $394.8M | ||
| Q1 24 | $409.9M | $402.5M |
| Q4 25 | $635.8M | $5.7B | ||
| Q3 25 | $644.1M | $5.5B | ||
| Q2 25 | $645.0M | $4.4B | ||
| Q1 25 | $670.6M | $4.1B | ||
| Q4 24 | $671.3M | $2.4B | ||
| Q3 24 | $702.0M | $2.4B | ||
| Q2 24 | $869.5M | $2.5B | ||
| Q1 24 | $860.0M | $2.3B |
| Q4 25 | 0.21× | 176.99× | ||
| Q3 25 | 0.22× | 20.59× | ||
| Q2 25 | 0.23× | 8.21× | ||
| Q1 25 | 0.29× | 5.79× | ||
| Q4 24 | 0.28× | 7.84× | ||
| Q3 24 | 0.29× | 4.14× | ||
| Q2 24 | 0.20× | 3.94× | ||
| Q1 24 | 0.21× | 3.34× |
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 | $-2.8M |
| Free Cash FlowOCF − Capex | $9.6M | $-68.6M |
| FCF MarginFCF / Revenue | 6.7% | -47.8% |
| Capex IntensityCapex / Revenue | 3.9% | 45.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $37.0M | $-398.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.2M | $-2.8M | ||
| Q3 25 | $18.6M | $-24.4M | ||
| Q2 25 | $15.2M | $-5.2M | ||
| Q1 25 | $4.5M | $-85.7M | ||
| Q4 24 | $11.8M | $-8.1M | ||
| Q3 24 | $19.0M | $14.2M | ||
| Q2 24 | $2.3M | $-17.6M | ||
| Q1 24 | $13.4M | $-3.9M |
| Q4 25 | $9.6M | $-68.6M | ||
| Q3 25 | $14.4M | $-90.7M | ||
| Q2 25 | $12.3M | $-87.5M | ||
| Q1 25 | $709.0K | $-151.7M | ||
| Q4 24 | $6.1M | $-34.3M | ||
| Q3 24 | $12.9M | $-11.7M | ||
| Q2 24 | $-204.0K | $-32.1M | ||
| Q1 24 | $10.5M | $-16.7M |
| Q4 25 | 6.7% | -47.8% | ||
| Q3 25 | 9.5% | -64.5% | ||
| Q2 25 | 7.9% | -71.6% | ||
| Q1 25 | 0.4% | -157.7% | ||
| Q4 24 | 4.0% | -42.4% | ||
| Q3 24 | 8.5% | -14.0% | ||
| Q2 24 | -0.1% | -37.9% | ||
| Q1 24 | 6.3% | -20.3% |
| Q4 25 | 3.9% | 45.9% | ||
| Q3 25 | 2.8% | 47.2% | ||
| Q2 25 | 1.9% | 67.3% | ||
| Q1 25 | 2.4% | 68.6% | ||
| Q4 24 | 3.7% | 32.5% | ||
| Q3 24 | 4.0% | 31.1% | ||
| Q2 24 | 1.5% | 17.2% | ||
| Q1 24 | 1.8% | 15.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 131.43× | — | ||
| Q1 25 | 6.63× | -0.71× | ||
| 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% |
FIP
| Power Revenues | $45.9M | 32% |
| Rail Revenue | $44.6M | 31% |
| Service Other | $22.8M | 16% |
| Gas Revenues | $15.3M | 11% |
| Roadside Services Revenues | $11.5M | 8% |
| Rapauno | $1.2M | 1% |
