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Side-by-side financial comparison of DMC Global Inc. (BOOM) and P10, Inc. (PX). Click either name above to swap in a different company.
DMC Global Inc. is the larger business by last-quarter revenue ($143.5M vs $81.0M, roughly 1.8× P10, Inc.). P10, Inc. runs the higher net margin — 11.7% vs -7.8%, a 19.4% gap on every dollar of revenue. On growth, P10, Inc. posted the faster year-over-year revenue change (-4.7% vs -5.8%). P10, Inc. produced more free cash flow last quarter ($18.1M vs $9.6M). Over the past eight quarters, P10, Inc.'s revenue compounded faster (10.7% CAGR vs -7.3%).
DMC Mining Services is a mining services contractor founded in 1980 operating in Canada, the United States, Chile, and Mongolia
P10, Inc. is a global alternative investment management firm that offers a diversified portfolio of investment solutions spanning private equity, private credit, real assets and venture capital. It primarily caters to institutional clients including pension funds, endowments, foundations, and high-net-worth individuals across North America, Europe, and Asia Pacific.
BOOM vs PX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $143.5M | $81.0M |
| Net Profit | $-11.2M | $9.5M |
| Gross Margin | 17.1% | — |
| Operating Margin | -7.8% | 31.9% |
| Net Margin | -7.8% | 11.7% |
| Revenue YoY | -5.8% | -4.7% |
| Net Profit YoY | -3871.6% | 79.0% |
| EPS (diluted) | $-0.60 | $0.08 |
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 | $81.0M | ||
| Q3 25 | $151.5M | $75.9M | ||
| Q2 25 | $155.5M | $72.7M | ||
| Q1 25 | $159.3M | $67.7M | ||
| Q4 24 | $152.4M | $85.0M | ||
| Q3 24 | $152.4M | $74.2M | ||
| Q2 24 | $171.2M | $71.1M | ||
| Q1 24 | $166.9M | $66.1M |
| Q4 25 | $-11.2M | $9.5M | ||
| Q3 25 | $-3.1M | $2.1M | ||
| Q2 25 | $116.0K | $3.4M | ||
| Q1 25 | $677.0K | $4.5M | ||
| Q4 24 | $296.0K | $5.3M | ||
| Q3 24 | $-101.3M | $1.4M | ||
| Q2 24 | $4.0M | $7.0M | ||
| Q1 24 | $2.6M | $5.0M |
| 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% | 31.9% | ||
| Q3 25 | 0.4% | 14.1% | ||
| Q2 25 | 2.5% | 24.4% | ||
| Q1 25 | 4.1% | 16.6% | ||
| Q4 24 | -0.5% | 26.9% | ||
| Q3 24 | -97.7% | 11.9% | ||
| Q2 24 | 6.8% | 23.7% | ||
| Q1 24 | 4.0% | 18.3% |
| Q4 25 | -7.8% | 11.7% | ||
| Q3 25 | -2.0% | 2.8% | ||
| Q2 25 | 0.1% | 4.7% | ||
| Q1 25 | 0.4% | 6.7% | ||
| Q4 24 | 0.2% | 6.2% | ||
| Q3 24 | -66.5% | 1.9% | ||
| Q2 24 | 2.3% | 9.8% | ||
| Q1 24 | 1.5% | 7.6% |
| Q4 25 | $-0.60 | $0.08 | ||
| Q3 25 | $-0.10 | $0.02 | ||
| Q2 25 | $-0.24 | $0.03 | ||
| Q1 25 | $0.04 | $0.04 | ||
| Q4 24 | $-0.18 | $0.05 | ||
| Q3 24 | $-8.27 | $0.01 | ||
| Q2 24 | $0.24 | $0.06 | ||
| Q1 24 | $0.01 | $0.04 |
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 | $28.2M |
| Total DebtLower is stronger | $50.6M | $373.2M |
| Stockholders' EquityBook value | $242.1M | $403.5M |
| Total Assets | $635.8M | $928.3M |
| Debt / EquityLower = less leverage | 0.21× | 0.93× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.9M | $28.2M | ||
| Q3 25 | $26.4M | $40.0M | ||
| Q2 25 | $12.4M | $33.4M | ||
| Q1 25 | $14.7M | $74.4M | ||
| Q4 24 | $14.3M | $67.5M | ||
| Q3 24 | $14.5M | $61.5M | ||
| Q2 24 | $14.6M | $31.2M | ||
| Q1 24 | $20.4M | $29.0M |
| Q4 25 | $50.6M | $373.2M | ||
| Q3 25 | $56.5M | $393.4M | ||
| Q2 25 | $58.7M | $373.0M | ||
| Q1 25 | $72.4M | $357.2M | ||
| Q4 24 | $70.8M | $319.8M | ||
| Q3 24 | $74.2M | $319.4M | ||
| Q2 24 | $84.1M | $300.6M | ||
| Q1 24 | $88.0M | $314.0M |
| Q4 25 | $242.1M | $403.5M | ||
| Q3 25 | $253.0M | $396.8M | ||
| Q2 25 | $253.9M | $388.9M | ||
| Q1 25 | $253.9M | $374.3M | ||
| Q4 24 | $251.0M | $386.9M | ||
| Q3 24 | $256.5M | $394.1M | ||
| Q2 24 | $416.0M | $396.9M | ||
| Q1 24 | $409.9M | $400.1M |
| Q4 25 | $635.8M | $928.3M | ||
| Q3 25 | $644.1M | $936.0M | ||
| Q2 25 | $645.0M | $932.2M | ||
| Q1 25 | $670.6M | $877.4M | ||
| Q4 24 | $671.3M | $869.3M | ||
| Q3 24 | $702.0M | $857.0M | ||
| Q2 24 | $869.5M | $823.2M | ||
| Q1 24 | $860.0M | $832.8M |
| Q4 25 | 0.21× | 0.93× | ||
| Q3 25 | 0.22× | 0.99× | ||
| Q2 25 | 0.23× | 0.96× | ||
| Q1 25 | 0.29× | 0.95× | ||
| Q4 24 | 0.28× | 0.83× | ||
| Q3 24 | 0.29× | 0.81× | ||
| Q2 24 | 0.20× | 0.76× | ||
| Q1 24 | 0.21× | 0.78× |
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 | $23.0M |
| Free Cash FlowOCF − Capex | $9.6M | $18.1M |
| FCF MarginFCF / Revenue | 6.7% | 22.3% |
| Capex IntensityCapex / Revenue | 3.9% | 6.0% |
| Cash ConversionOCF / Net Profit | — | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | $37.0M | $14.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.2M | $23.0M | ||
| Q3 25 | $18.6M | $-8.6M | ||
| Q2 25 | $15.2M | $13.4M | ||
| Q1 25 | $4.5M | $-4.7M | ||
| Q4 24 | $11.8M | $101.0M | ||
| Q3 24 | $19.0M | $27.5M | ||
| Q2 24 | $2.3M | $34.8M | ||
| Q1 24 | $13.4M | $11.0M |
| Q4 25 | $9.6M | $18.1M | ||
| Q3 25 | $14.4M | $-9.5M | ||
| Q2 25 | $12.3M | $11.6M | ||
| Q1 25 | $709.0K | $-6.0M | ||
| Q4 24 | $6.1M | $96.6M | ||
| Q3 24 | $12.9M | $25.2M | ||
| Q2 24 | $-204.0K | $33.9M | ||
| Q1 24 | $10.5M | $10.7M |
| Q4 25 | 6.7% | 22.3% | ||
| Q3 25 | 9.5% | -12.6% | ||
| Q2 25 | 7.9% | 15.9% | ||
| Q1 25 | 0.4% | -8.9% | ||
| Q4 24 | 4.0% | 113.6% | ||
| Q3 24 | 8.5% | 34.0% | ||
| Q2 24 | -0.1% | 47.7% | ||
| Q1 24 | 6.3% | 16.2% |
| Q4 25 | 3.9% | 6.0% | ||
| Q3 25 | 2.8% | 1.2% | ||
| Q2 25 | 1.9% | 2.5% | ||
| Q1 25 | 2.4% | 1.9% | ||
| Q4 24 | 3.7% | 5.2% | ||
| Q3 24 | 4.0% | 3.0% | ||
| Q2 24 | 1.5% | 1.3% | ||
| Q1 24 | 1.8% | 0.4% |
| Q4 25 | — | 2.43× | ||
| Q3 25 | — | -4.01× | ||
| Q2 25 | 131.43× | 3.96× | ||
| Q1 25 | 6.63× | -1.05× | ||
| Q4 24 | 39.90× | 19.12× | ||
| Q3 24 | — | 19.54× | ||
| Q2 24 | 0.58× | 4.98× | ||
| Q1 24 | 5.24× | 2.18× |
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% |
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
