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Side-by-side financial comparison of DMC Global Inc. (BOOM) and Mayville Engineering Company, Inc. (MEC). Click either name above to swap in a different company.
DMC Global Inc. is the larger business by last-quarter revenue ($143.5M vs $134.3M, roughly 1.1× Mayville Engineering Company, Inc.). Mayville Engineering Company, Inc. runs the higher net margin — -3.2% vs -7.8%, a 4.5% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs -5.8%). Mayville Engineering Company, Inc. produced more free cash flow last quarter ($10.2M vs $9.6M). Over the past eight quarters, DMC Global Inc.'s revenue compounded faster (-7.3% CAGR vs -8.8%).
DMC Mining Services is a mining services contractor founded in 1980 operating in Canada, the United States, Chile, and Mongolia
Mayville Engineering Company, Inc. is a U.S.-headquartered leading manufacturer of metal components, fabricated assemblies, and custom engineered solutions. It serves OEM clients across agriculture, construction, transportation, defense, and power sports markets, offering end-to-end services from prototyping to high-volume production for North America.
BOOM vs MEC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $143.5M | $134.3M |
| Net Profit | $-11.2M | $-4.4M |
| Gross Margin | 17.1% | 6.8% |
| Operating Margin | -7.8% | -4.1% |
| Net Margin | -7.8% | -3.2% |
| Revenue YoY | -5.8% | 10.7% |
| Net Profit YoY | -3871.6% | -127.3% |
| EPS (diluted) | $-0.60 | $-0.22 |
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 | $134.3M | ||
| Q3 25 | $151.5M | $144.3M | ||
| Q2 25 | $155.5M | $132.3M | ||
| Q1 25 | $159.3M | $135.6M | ||
| Q4 24 | $152.4M | $121.3M | ||
| Q3 24 | $152.4M | $135.4M | ||
| Q2 24 | $171.2M | $163.6M | ||
| Q1 24 | $166.9M | $161.3M |
| Q4 25 | $-11.2M | $-4.4M | ||
| Q3 25 | $-3.1M | $-2.7M | ||
| Q2 25 | $116.0K | $-1.1M | ||
| Q1 25 | $677.0K | $20.0K | ||
| Q4 24 | $296.0K | $16.0M | ||
| Q3 24 | $-101.3M | $3.0M | ||
| Q2 24 | $4.0M | $3.8M | ||
| Q1 24 | $2.6M | $3.2M |
| Q4 25 | 17.1% | 6.8% | ||
| Q3 25 | 21.7% | 11.0% | ||
| Q2 25 | 23.6% | 10.3% | ||
| Q1 25 | 25.9% | 11.3% | ||
| Q4 24 | 20.8% | 8.9% | ||
| Q3 24 | 19.8% | 12.6% | ||
| Q2 24 | 27.1% | 13.6% | ||
| Q1 24 | 25.4% | 13.0% |
| Q4 25 | -7.8% | -4.1% | ||
| Q3 25 | 0.4% | 0.0% | ||
| Q2 25 | 2.5% | 0.1% | ||
| Q1 25 | 4.1% | 1.2% | ||
| Q4 24 | -0.5% | 19.0% | ||
| Q3 24 | -97.7% | 4.2% | ||
| Q2 24 | 6.8% | 5.0% | ||
| Q1 24 | 4.0% | 4.7% |
| Q4 25 | -7.8% | -3.2% | ||
| Q3 25 | -2.0% | -1.9% | ||
| Q2 25 | 0.1% | -0.8% | ||
| Q1 25 | 0.4% | 0.0% | ||
| Q4 24 | 0.2% | 13.2% | ||
| Q3 24 | -66.5% | 2.2% | ||
| Q2 24 | 2.3% | 2.3% | ||
| Q1 24 | 1.5% | 2.0% |
| Q4 25 | $-0.60 | $-0.22 | ||
| Q3 25 | $-0.10 | $-0.13 | ||
| Q2 25 | $-0.24 | $-0.05 | ||
| Q1 25 | $0.04 | $0.00 | ||
| Q4 24 | $-0.18 | $0.76 | ||
| Q3 24 | $-8.27 | $0.14 | ||
| Q2 24 | $0.24 | $0.18 | ||
| Q1 24 | $0.01 | $0.16 |
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 | $1.5M |
| Total DebtLower is stronger | $50.6M | — |
| Stockholders' EquityBook value | $242.1M | $240.7M |
| Total Assets | $635.8M | $563.6M |
| Debt / EquityLower = less leverage | 0.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.9M | $1.5M | ||
| Q3 25 | $26.4M | $1.2M | ||
| Q2 25 | $12.4M | $206.0K | ||
| Q1 25 | $14.7M | $183.0K | ||
| Q4 24 | $14.3M | $206.0K | ||
| Q3 24 | $14.5M | $178.0K | ||
| Q2 24 | $14.6M | $314.0K | ||
| Q1 24 | $20.4M | $314.0K |
| Q4 25 | $50.6M | — | ||
| Q3 25 | $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 | $240.7M | ||
| Q3 25 | $253.0M | $244.8M | ||
| Q2 25 | $253.9M | $246.8M | ||
| Q1 25 | $253.9M | $250.0M | ||
| Q4 24 | $251.0M | $251.8M | ||
| Q3 24 | $256.5M | $238.4M | ||
| Q2 24 | $416.0M | $238.1M | ||
| Q1 24 | $409.9M | $234.0M |
| Q4 25 | $635.8M | $563.6M | ||
| Q3 25 | $644.1M | $585.6M | ||
| Q2 25 | $645.0M | $433.7M | ||
| Q1 25 | $670.6M | $447.7M | ||
| Q4 24 | $671.3M | $445.6M | ||
| Q3 24 | $702.0M | $466.0M | ||
| Q2 24 | $869.5M | $488.2M | ||
| Q1 24 | $860.0M | $499.9M |
| 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 | $13.4M |
| Free Cash FlowOCF − Capex | $9.6M | $10.2M |
| FCF MarginFCF / Revenue | 6.7% | 7.6% |
| Capex IntensityCapex / Revenue | 3.9% | 2.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $37.0M | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.2M | $13.4M | ||
| Q3 25 | $18.6M | $1.9M | ||
| Q2 25 | $15.2M | $15.0M | ||
| Q1 25 | $4.5M | $8.3M | ||
| Q4 24 | $11.8M | $38.0M | ||
| Q3 24 | $19.0M | $17.9M | ||
| Q2 24 | $2.3M | $23.3M | ||
| Q1 24 | $13.4M | $10.6M |
| Q4 25 | $9.6M | $10.2M | ||
| Q3 25 | $14.4M | $-1.1M | ||
| Q2 25 | $12.3M | $12.5M | ||
| Q1 25 | $709.0K | $5.4M | ||
| Q4 24 | $6.1M | $35.6M | ||
| Q3 24 | $12.9M | $15.1M | ||
| Q2 24 | $-204.0K | $19.2M | ||
| Q1 24 | $10.5M | $7.8M |
| Q4 25 | 6.7% | 7.6% | ||
| Q3 25 | 9.5% | -0.8% | ||
| Q2 25 | 7.9% | 9.5% | ||
| Q1 25 | 0.4% | 4.0% | ||
| Q4 24 | 4.0% | 29.4% | ||
| Q3 24 | 8.5% | 11.1% | ||
| Q2 24 | -0.1% | 11.7% | ||
| Q1 24 | 6.3% | 4.9% |
| Q4 25 | 3.9% | 2.4% | ||
| Q3 25 | 2.8% | 2.1% | ||
| Q2 25 | 1.9% | 1.8% | ||
| Q1 25 | 2.4% | 2.2% | ||
| Q4 24 | 3.7% | 1.9% | ||
| Q3 24 | 4.0% | 2.1% | ||
| Q2 24 | 1.5% | 2.5% | ||
| Q1 24 | 1.8% | 1.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 131.43× | — | ||
| Q1 25 | 6.63× | 416.65× | ||
| Q4 24 | 39.90× | 2.38× | ||
| Q3 24 | — | 6.03× | ||
| Q2 24 | 0.58× | 6.15× | ||
| Q1 24 | 5.24× | 3.28× |
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% |
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
