vs
Side-by-side financial comparison of DMC Global Inc. (BOOM) and Riot Platforms, Inc. (RIOT). Click either name above to swap in a different company.
Riot Platforms, Inc. is the larger business by last-quarter revenue ($152.8M vs $143.5M, roughly 1.1× DMC Global Inc.). DMC Global Inc. runs the higher net margin — -7.8% vs -452.0%, a 444.2% gap on every dollar of revenue. On growth, Riot Platforms, Inc. posted the faster year-over-year revenue change (7.2% vs -5.8%). DMC Global Inc. produced more free cash flow last quarter ($9.6M vs $-774.3M). Over the past eight quarters, Riot Platforms, Inc.'s revenue compounded faster (38.8% CAGR vs -7.3%).
DMC Mining Services is a mining services contractor founded in 1980 operating in Canada, the United States, Chile, and Mongolia
Riot Platforms, Inc. is a leading U.S.-based enterprise focused on Bitcoin mining, operating multiple large-scale, energy-efficient data centers across North America. It also invests in blockchain infrastructure development and holds Bitcoin as a core long-term reserve asset, centering its business strategy around the digital asset ecosystem.
BOOM vs RIOT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $143.5M | $152.8M |
| Net Profit | $-11.2M | $-690.7M |
| Gross Margin | 17.1% | — |
| Operating Margin | -7.8% | -447.9% |
| Net Margin | -7.8% | -452.0% |
| Revenue YoY | -5.8% | 7.2% |
| Net Profit YoY | -3871.6% | -606.3% |
| EPS (diluted) | $-0.60 | $-1.89 |
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 | $152.8M | ||
| Q3 25 | $151.5M | $180.2M | ||
| Q2 25 | $155.5M | $153.0M | ||
| Q1 25 | $159.3M | $161.4M | ||
| Q4 24 | $152.4M | $142.6M | ||
| Q3 24 | $152.4M | $84.8M | ||
| Q2 24 | $171.2M | $70.0M | ||
| Q1 24 | $166.9M | $79.3M |
| Q4 25 | $-11.2M | $-690.7M | ||
| Q3 25 | $-3.1M | $104.5M | ||
| Q2 25 | $116.0K | $219.5M | ||
| Q1 25 | $677.0K | $-296.4M | ||
| Q4 24 | $296.0K | $136.4M | ||
| Q3 24 | $-101.3M | $-154.4M | ||
| Q2 24 | $4.0M | $-84.4M | ||
| Q1 24 | $2.6M | $211.8M |
| 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% | -447.9% | ||
| Q3 25 | 0.4% | 44.4% | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 4.1% | -144.9% | ||
| Q4 24 | -0.5% | — | ||
| Q3 24 | -97.7% | -143.3% | ||
| Q2 24 | 6.8% | -167.2% | ||
| Q1 24 | 4.0% | — |
| Q4 25 | -7.8% | -452.0% | ||
| Q3 25 | -2.0% | 58.0% | ||
| Q2 25 | 0.1% | 143.4% | ||
| Q1 25 | 0.4% | -183.6% | ||
| Q4 24 | 0.2% | 95.7% | ||
| Q3 24 | -66.5% | -182.1% | ||
| Q2 24 | 2.3% | -120.6% | ||
| Q1 24 | 1.5% | 267.1% |
| Q4 25 | $-0.60 | $-1.89 | ||
| Q3 25 | $-0.10 | $0.26 | ||
| Q2 25 | $-0.24 | $0.58 | ||
| Q1 25 | $0.04 | $-0.90 | ||
| Q4 24 | $-0.18 | $0.39 | ||
| Q3 24 | $-8.27 | $-0.54 | ||
| Q2 24 | $0.24 | $-0.32 | ||
| Q1 24 | $0.01 | $0.51 |
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 | $233.5M |
| Total DebtLower is stronger | $50.6M | $840.8M |
| Stockholders' EquityBook value | $242.1M | $2.9B |
| Total Assets | $635.8M | $3.9B |
| Debt / EquityLower = less leverage | 0.21× | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.9M | $233.5M | ||
| Q3 25 | $26.4M | $330.7M | ||
| Q2 25 | $12.4M | $255.4M | ||
| Q1 25 | $14.7M | $163.7M | ||
| Q4 24 | $14.3M | $277.9M | ||
| Q3 24 | $14.5M | $355.7M | ||
| Q2 24 | $14.6M | $481.2M | ||
| Q1 24 | $20.4M | $688.5M |
| Q4 25 | $50.6M | $840.8M | ||
| Q3 25 | $56.5M | $5.3M | ||
| Q2 25 | $58.7M | $5.3M | ||
| Q1 25 | $72.4M | $5.3M | ||
| Q4 24 | $70.8M | $584.6M | ||
| Q3 24 | $74.2M | $5.7M | ||
| Q2 24 | $84.1M | — | ||
| Q1 24 | $88.0M | — |
| Q4 25 | $242.1M | $2.9B | ||
| Q3 25 | $253.0M | $3.5B | ||
| Q2 25 | $253.9M | $3.3B | ||
| Q1 25 | $253.9M | $2.9B | ||
| Q4 24 | $251.0M | $3.1B | ||
| Q3 24 | $256.5M | $2.7B | ||
| Q2 24 | $416.0M | $2.6B | ||
| Q1 24 | $409.9M | $2.5B |
| Q4 25 | $635.8M | $3.9B | ||
| Q3 25 | $644.1M | $4.5B | ||
| Q2 25 | $645.0M | $4.3B | ||
| Q1 25 | $670.6M | $3.7B | ||
| Q4 24 | $671.3M | $3.9B | ||
| Q3 24 | $702.0M | $2.9B | ||
| Q2 24 | $869.5M | $2.7B | ||
| Q1 24 | $860.0M | $2.6B |
| Q4 25 | 0.21× | 0.29× | ||
| Q3 25 | 0.22× | 0.00× | ||
| Q2 25 | 0.23× | 0.00× | ||
| Q1 25 | 0.29× | 0.00× | ||
| Q4 24 | 0.28× | 0.19× | ||
| Q3 24 | 0.29× | 0.00× | ||
| 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 | $-572.9M |
| Free Cash FlowOCF − Capex | $9.6M | $-774.3M |
| FCF MarginFCF / Revenue | 6.7% | -506.6% |
| Capex IntensityCapex / Revenue | 3.9% | 131.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $37.0M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.2M | $-572.9M | ||
| Q3 25 | $18.6M | $-114.0M | ||
| Q2 25 | $15.2M | $-231.3M | ||
| Q1 25 | $4.5M | $-122.1M | ||
| Q4 24 | $11.8M | $-255.1M | ||
| Q3 24 | $19.0M | $-56.3M | ||
| Q2 24 | $2.3M | $-42.5M | ||
| Q1 24 | $13.4M | $-57.9M |
| Q4 25 | $9.6M | $-774.3M | ||
| Q3 25 | $14.4M | $-139.7M | ||
| Q2 25 | $12.3M | $-291.7M | ||
| Q1 25 | $709.0K | $-154.9M | ||
| Q4 24 | $6.1M | $-495.4M | ||
| Q3 24 | $12.9M | $-127.6M | ||
| Q2 24 | $-204.0K | $-96.1M | ||
| Q1 24 | $10.5M | $-115.2M |
| Q4 25 | 6.7% | -506.6% | ||
| Q3 25 | 9.5% | -77.5% | ||
| Q2 25 | 7.9% | -190.7% | ||
| Q1 25 | 0.4% | -96.0% | ||
| Q4 24 | 4.0% | -347.5% | ||
| Q3 24 | 8.5% | -150.5% | ||
| Q2 24 | -0.1% | -137.2% | ||
| Q1 24 | 6.3% | -145.2% |
| Q4 25 | 3.9% | 131.8% | ||
| Q3 25 | 2.8% | 14.3% | ||
| Q2 25 | 1.9% | 39.5% | ||
| Q1 25 | 2.4% | 20.4% | ||
| Q4 24 | 3.7% | 168.6% | ||
| Q3 24 | 4.0% | 84.1% | ||
| Q2 24 | 1.5% | 76.5% | ||
| Q1 24 | 1.8% | 72.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | -1.09× | ||
| Q2 25 | 131.43× | -1.05× | ||
| Q1 25 | 6.63× | — | ||
| Q4 24 | 39.90× | -1.87× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.58× | — | ||
| Q1 24 | 5.24× | -0.27× |
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% |
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
