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Side-by-side financial comparison of DMC Global Inc. (BOOM) and iQSTEL Inc (IQST). Click either name above to swap in a different company.
DMC Global Inc. is the larger business by last-quarter revenue ($143.5M vs $84.2M, roughly 1.7× iQSTEL Inc). iQSTEL Inc runs the higher net margin — -3.2% vs -7.8%, a 4.6% gap on every dollar of revenue. On growth, DMC Global Inc. posted the faster year-over-year revenue change (-5.8% vs -14.9%). DMC Global Inc. produced more free cash flow last quarter ($9.6M vs $-1.2M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs -7.3%).
DMC Mining Services is a mining services contractor founded in 1980 operating in Canada, the United States, Chile, and Mongolia
iQSTEL Inc is a technology holding company operating three core segments: telecommunications, Internet of Things (IoT), and fintech. It offers connectivity services, smart IoT monitoring solutions, and digital financial tools, mainly serving small and medium-sized enterprises and retail customers in North and South American markets.
BOOM vs IQST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $143.5M | $84.2M |
| Net Profit | $-11.2M | $-2.7M |
| Gross Margin | 17.1% | 3.5% |
| Operating Margin | -7.8% | -2.9% |
| Net Margin | -7.8% | -3.2% |
| Revenue YoY | -5.8% | -14.9% |
| Net Profit YoY | -3871.6% | -44.5% |
| EPS (diluted) | $-0.60 | $-0.92 |
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 | $84.2M | ||
| Q3 25 | $151.5M | $102.9M | ||
| Q2 25 | $155.5M | $72.2M | ||
| Q1 25 | $159.3M | $57.6M | ||
| Q4 24 | $152.4M | $98.9M | ||
| Q3 24 | $152.4M | $54.2M | ||
| Q2 24 | $171.2M | $78.6M | ||
| Q1 24 | $166.9M | $51.4M |
| Q4 25 | $-11.2M | $-2.7M | ||
| Q3 25 | $-3.1M | $-2.3M | ||
| Q2 25 | $116.0K | $-2.3M | ||
| Q1 25 | $677.0K | $-1.1M | ||
| Q4 24 | $296.0K | $-1.9M | ||
| Q3 24 | $-101.3M | $-773.0K | ||
| Q2 24 | $4.0M | $-2.0M | ||
| Q1 24 | $2.6M | $-580.2K |
| Q4 25 | 17.1% | 3.5% | ||
| Q3 25 | 21.7% | 2.7% | ||
| Q2 25 | 23.6% | 2.6% | ||
| Q1 25 | 25.9% | 3.4% | ||
| Q4 24 | 20.8% | 2.7% | ||
| Q3 24 | 19.8% | 3.7% | ||
| Q2 24 | 27.1% | 2.8% | ||
| Q1 24 | 25.4% | 2.7% |
| Q4 25 | -7.8% | -2.9% | ||
| Q3 25 | 0.4% | -0.5% | ||
| Q2 25 | 2.5% | -0.9% | ||
| Q1 25 | 4.1% | -1.0% | ||
| Q4 24 | -0.5% | -0.3% | ||
| Q3 24 | -97.7% | -0.1% | ||
| Q2 24 | 6.8% | -0.4% | ||
| Q1 24 | 4.0% | -0.4% |
| Q4 25 | -7.8% | -3.2% | ||
| Q3 25 | -2.0% | -2.3% | ||
| Q2 25 | 0.1% | -3.3% | ||
| Q1 25 | 0.4% | -2.0% | ||
| Q4 24 | 0.2% | -1.9% | ||
| Q3 24 | -66.5% | -1.4% | ||
| Q2 24 | 2.3% | -2.5% | ||
| Q1 24 | 1.5% | -1.1% |
| Q4 25 | $-0.60 | $-0.92 | ||
| Q3 25 | $-0.10 | $-0.68 | ||
| Q2 25 | $-0.24 | $-0.82 | ||
| Q1 25 | $0.04 | $-0.44 | ||
| Q4 24 | $-0.18 | $-1.19 | ||
| Q3 24 | $-8.27 | $-0.40 | ||
| Q2 24 | $0.24 | $-0.90 | ||
| Q1 24 | $0.01 | $-0.37 |
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 | $2.2M |
| Total DebtLower is stronger | $50.6M | $4.1M |
| Stockholders' EquityBook value | $242.1M | $16.3M |
| Total Assets | $635.8M | $51.1M |
| Debt / EquityLower = less leverage | 0.21× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.9M | $2.2M | ||
| Q3 25 | $26.4M | $2.3M | ||
| Q2 25 | $12.4M | $2.0M | ||
| Q1 25 | $14.7M | $1.1M | ||
| Q4 24 | $14.3M | $2.5M | ||
| Q3 24 | $14.5M | $2.1M | ||
| Q2 24 | $14.6M | $797.2K | ||
| Q1 24 | $20.4M | $2.7M |
| Q4 25 | $50.6M | $4.1M | ||
| Q3 25 | $56.5M | $2.7M | ||
| Q2 25 | $58.7M | $4.5M | ||
| Q1 25 | $72.4M | $3.5M | ||
| Q4 24 | $70.8M | $2.5M | ||
| Q3 24 | $74.2M | $3.2M | ||
| Q2 24 | $84.1M | $2.5M | ||
| Q1 24 | $88.0M | $194.0K |
| Q4 25 | $242.1M | $16.3M | ||
| Q3 25 | $253.0M | $17.9M | ||
| Q2 25 | $253.9M | $14.3M | ||
| Q1 25 | $253.9M | $11.6M | ||
| Q4 24 | $251.0M | $11.9M | ||
| Q3 24 | $256.5M | $8.1M | ||
| Q2 24 | $416.0M | $7.6M | ||
| Q1 24 | $409.9M | $8.4M |
| Q4 25 | $635.8M | $51.1M | ||
| Q3 25 | $644.1M | $46.9M | ||
| Q2 25 | $645.0M | $51.4M | ||
| Q1 25 | $670.6M | $42.0M | ||
| Q4 24 | $671.3M | $79.0M | ||
| Q3 24 | $702.0M | $32.4M | ||
| Q2 24 | $869.5M | $30.0M | ||
| Q1 24 | $860.0M | $22.1M |
| Q4 25 | 0.21× | 0.25× | ||
| Q3 25 | 0.22× | 0.15× | ||
| Q2 25 | 0.23× | 0.31× | ||
| Q1 25 | 0.29× | 0.31× | ||
| Q4 24 | 0.28× | 0.21× | ||
| Q3 24 | 0.29× | 0.40× | ||
| Q2 24 | 0.20× | 0.34× | ||
| Q1 24 | 0.21× | 0.02× |
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 | $-1.2M |
| Free Cash FlowOCF − Capex | $9.6M | $-1.2M |
| FCF MarginFCF / Revenue | 6.7% | -1.5% |
| Capex IntensityCapex / Revenue | 3.9% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $37.0M | $-4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.2M | $-1.2M | ||
| Q3 25 | $18.6M | $-953.0K | ||
| Q2 25 | $15.2M | $257.7K | ||
| Q1 25 | $4.5M | $-1.9M | ||
| Q4 24 | $11.8M | $-403.7K | ||
| Q3 24 | $19.0M | $625.0K | ||
| Q2 24 | $2.3M | $-2.6M | ||
| Q1 24 | $13.4M | $-536.9K |
| Q4 25 | $9.6M | $-1.2M | ||
| Q3 25 | $14.4M | $-969.2K | ||
| Q2 25 | $12.3M | $211.7K | ||
| Q1 25 | $709.0K | $-2.0M | ||
| Q4 24 | $6.1M | $-421.3K | ||
| Q3 24 | $12.9M | $594.5K | ||
| Q2 24 | $-204.0K | $-2.6M | ||
| Q1 24 | $10.5M | $-608.5K |
| Q4 25 | 6.7% | -1.5% | ||
| Q3 25 | 9.5% | -0.9% | ||
| Q2 25 | 7.9% | 0.3% | ||
| Q1 25 | 0.4% | -3.4% | ||
| Q4 24 | 4.0% | -0.4% | ||
| Q3 24 | 8.5% | 1.1% | ||
| Q2 24 | -0.1% | -3.4% | ||
| Q1 24 | 6.3% | -1.2% |
| Q4 25 | 3.9% | 0.0% | ||
| Q3 25 | 2.8% | 0.0% | ||
| Q2 25 | 1.9% | 0.1% | ||
| Q1 25 | 2.4% | 0.1% | ||
| Q4 24 | 3.7% | 0.0% | ||
| Q3 24 | 4.0% | 0.1% | ||
| Q2 24 | 1.5% | 0.0% | ||
| Q1 24 | 1.8% | 0.1% |
| 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% |
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
