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Side-by-side financial comparison of DMC Global Inc. (BOOM) and Ramaco Resources, Inc. (METC). Click either name above to swap in a different company.
DMC Global Inc. is the larger business by last-quarter revenue ($143.5M vs $121.0M, roughly 1.2× Ramaco Resources, Inc.). DMC Global Inc. runs the higher net margin — -7.8% vs -11.0%, a 3.2% gap on every dollar of revenue. On growth, DMC Global Inc. posted the faster year-over-year revenue change (-5.8% vs -27.7%). DMC Global Inc. produced more free cash flow last quarter ($9.6M vs $-17.5M). Over the past eight quarters, DMC Global Inc.'s revenue compounded faster (-7.3% CAGR vs -22.7%).
DMC Mining Services is a mining services contractor founded in 1980 operating in Canada, the United States, Chile, and Mongolia
Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.
BOOM vs METC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $143.5M | $121.0M |
| Net Profit | $-11.2M | $-13.3M |
| Gross Margin | 17.1% | 15.8% |
| Operating Margin | -7.8% | -12.0% |
| Net Margin | -7.8% | -11.0% |
| Revenue YoY | -5.8% | -27.7% |
| Net Profit YoY | -3871.6% | -5468.2% |
| EPS (diluted) | $-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 | $151.5M | $121.0M | ||
| Q2 25 | $155.5M | $153.0M | ||
| Q1 25 | $159.3M | $134.7M | ||
| Q4 24 | $152.4M | $170.9M | ||
| Q3 24 | $152.4M | $167.4M | ||
| Q2 24 | $171.2M | $155.3M | ||
| Q1 24 | $166.9M | $172.7M |
| Q4 25 | $-11.2M | — | ||
| Q3 25 | $-3.1M | $-13.3M | ||
| Q2 25 | $116.0K | $-14.0M | ||
| Q1 25 | $677.0K | $-9.5M | ||
| Q4 24 | $296.0K | $3.9M | ||
| Q3 24 | $-101.3M | $-239.0K | ||
| Q2 24 | $4.0M | $5.5M | ||
| Q1 24 | $2.6M | $2.0M |
| Q4 25 | 17.1% | — | ||
| Q3 25 | 21.7% | 15.8% | ||
| Q2 25 | 23.6% | 12.3% | ||
| Q1 25 | 25.9% | 15.2% | ||
| Q4 24 | 20.8% | 20.4% | ||
| Q3 24 | 19.8% | 19.5% | ||
| Q2 24 | 27.1% | 21.0% | ||
| Q1 24 | 25.4% | 19.1% |
| Q4 25 | -7.8% | — | ||
| Q3 25 | 0.4% | -12.0% | ||
| Q2 25 | 2.5% | -9.1% | ||
| Q1 25 | 4.1% | -8.9% | ||
| Q4 24 | -0.5% | 3.7% | ||
| Q3 24 | -97.7% | 1.0% | ||
| Q2 24 | 6.8% | 3.5% | ||
| Q1 24 | 4.0% | 1.9% |
| Q4 25 | -7.8% | — | ||
| Q3 25 | -2.0% | -11.0% | ||
| Q2 25 | 0.1% | -9.1% | ||
| Q1 25 | 0.4% | -7.0% | ||
| Q4 24 | 0.2% | 2.3% | ||
| Q3 24 | -66.5% | -0.1% | ||
| Q2 24 | 2.3% | 3.6% | ||
| Q1 24 | 1.5% | 1.2% |
| Q4 25 | $-0.60 | — | ||
| Q3 25 | $-0.10 | — | ||
| Q2 25 | $-0.24 | — | ||
| Q1 25 | $0.04 | — | ||
| Q4 24 | $-0.18 | $0.06 | ||
| Q3 24 | $-8.27 | $-0.03 | ||
| Q2 24 | $0.24 | $0.08 | ||
| Q1 24 | $0.01 | $0.00 |
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 | $193.8M |
| Total DebtLower is stronger | $50.6M | $116.3M |
| Stockholders' EquityBook value | $242.1M | $526.9M |
| Total Assets | $635.8M | $849.7M |
| Debt / EquityLower = less leverage | 0.21× | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.9M | — | ||
| Q3 25 | $26.4M | $193.8M | ||
| Q2 25 | $12.4M | $28.1M | ||
| Q1 25 | $14.7M | $43.5M | ||
| Q4 24 | $14.3M | $33.0M | ||
| Q3 24 | $14.5M | $22.9M | ||
| Q2 24 | $14.6M | $27.6M | ||
| Q1 24 | $20.4M | $30.5M |
| Q4 25 | $50.6M | — | ||
| Q3 25 | $56.5M | $116.3M | ||
| Q2 25 | $58.7M | — | ||
| Q1 25 | $72.4M | — | ||
| Q4 24 | $70.8M | $88.2M | ||
| Q3 24 | $74.2M | — | ||
| Q2 24 | $84.1M | — | ||
| Q1 24 | $88.0M | — |
| Q4 25 | $242.1M | — | ||
| Q3 25 | $253.0M | $526.9M | ||
| Q2 25 | $253.9M | $347.4M | ||
| Q1 25 | $253.9M | $355.2M | ||
| Q4 24 | $251.0M | $362.8M | ||
| Q3 24 | $256.5M | $361.8M | ||
| Q2 24 | $416.0M | $366.1M | ||
| Q1 24 | $409.9M | $372.3M |
| Q4 25 | $635.8M | — | ||
| Q3 25 | $644.1M | $849.7M | ||
| Q2 25 | $645.0M | $674.6M | ||
| Q1 25 | $670.6M | $685.7M | ||
| Q4 24 | $671.3M | $674.7M | ||
| Q3 24 | $702.0M | $645.4M | ||
| Q2 24 | $869.5M | $659.2M | ||
| Q1 24 | $860.0M | $674.0M |
| Q4 25 | 0.21× | — | ||
| Q3 25 | 0.22× | 0.22× | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.28× | 0.24× | ||
| 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 | $-1.4M |
| Free Cash FlowOCF − Capex | $9.6M | $-17.5M |
| FCF MarginFCF / Revenue | 6.7% | -14.5% |
| Capex IntensityCapex / Revenue | 3.9% | 13.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $37.0M | $-24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.2M | — | ||
| Q3 25 | $18.6M | $-1.4M | ||
| Q2 25 | $15.2M | $-4.3M | ||
| Q1 25 | $4.5M | $26.0M | ||
| Q4 24 | $11.8M | $15.7M | ||
| Q3 24 | $19.0M | $37.4M | ||
| Q2 24 | $2.3M | $34.4M | ||
| Q1 24 | $13.4M | $25.2M |
| Q4 25 | $9.6M | — | ||
| Q3 25 | $14.4M | $-17.5M | ||
| Q2 25 | $12.3M | $-19.8M | ||
| Q1 25 | $709.0K | $7.6M | ||
| Q4 24 | $6.1M | $5.1M | ||
| Q3 24 | $12.9M | $25.6M | ||
| Q2 24 | $-204.0K | $20.3M | ||
| Q1 24 | $10.5M | $6.5M |
| Q4 25 | 6.7% | — | ||
| Q3 25 | 9.5% | -14.5% | ||
| Q2 25 | 7.9% | -13.0% | ||
| Q1 25 | 0.4% | 5.6% | ||
| Q4 24 | 4.0% | 3.0% | ||
| Q3 24 | 8.5% | 15.3% | ||
| Q2 24 | -0.1% | 13.1% | ||
| Q1 24 | 6.3% | 3.7% |
| Q4 25 | 3.9% | — | ||
| Q3 25 | 2.8% | 13.3% | ||
| Q2 25 | 1.9% | 10.2% | ||
| Q1 25 | 2.4% | 13.7% | ||
| Q4 24 | 3.7% | 6.2% | ||
| Q3 24 | 4.0% | 7.0% | ||
| Q2 24 | 1.5% | 9.1% | ||
| Q1 24 | 1.8% | 10.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 131.43× | — | ||
| Q1 25 | 6.63× | — | ||
| Q4 24 | 39.90× | 4.06× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.58× | 6.21× | ||
| Q1 24 | 5.24× | 12.40× |
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% |
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
