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Side-by-side financial comparison of DMC Global Inc. (BOOM) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
DMC Global Inc. is the larger business by last-quarter revenue ($143.5M vs $124.7M, roughly 1.2× SMITH & WESSON BRANDS, INC.). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -7.8%, a 9.3% gap on every dollar of revenue. On growth, SMITH & WESSON BRANDS, INC. posted the faster year-over-year revenue change (-3.9% vs -5.8%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $9.6M). Over the past eight quarters, SMITH & WESSON BRANDS, INC.'s revenue compounded faster (-4.8% CAGR vs -7.3%).
DMC Mining Services is a mining services contractor founded in 1980 operating in Canada, the United States, Chile, and Mongolia
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
BOOM vs SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $143.5M | $124.7M |
| Net Profit | $-11.2M | $1.9M |
| Gross Margin | 17.1% | 24.3% |
| Operating Margin | -7.8% | 3.3% |
| Net Margin | -7.8% | 1.5% |
| Revenue YoY | -5.8% | -3.9% |
| Net Profit YoY | -3871.6% | -53.6% |
| EPS (diluted) | $-0.60 | $0.04 |
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 | $124.7M | ||
| Q3 25 | $151.5M | $85.1M | ||
| Q2 25 | $155.5M | $140.8M | ||
| Q1 25 | $159.3M | $115.9M | ||
| Q4 24 | $152.4M | $129.7M | ||
| Q3 24 | $152.4M | $88.3M | ||
| Q2 24 | $171.2M | $159.1M | ||
| Q1 24 | $166.9M | $137.5M |
| Q4 25 | $-11.2M | $1.9M | ||
| Q3 25 | $-3.1M | $-3.4M | ||
| Q2 25 | $116.0K | $8.6M | ||
| Q1 25 | $677.0K | $2.1M | ||
| Q4 24 | $296.0K | $4.5M | ||
| Q3 24 | $-101.3M | $-1.9M | ||
| Q2 24 | $4.0M | $27.9M | ||
| Q1 24 | $2.6M | $7.9M |
| Q4 25 | 17.1% | 24.3% | ||
| Q3 25 | 21.7% | 25.9% | ||
| Q2 25 | 23.6% | 28.8% | ||
| Q1 25 | 25.9% | 24.1% | ||
| Q4 24 | 20.8% | 26.6% | ||
| Q3 24 | 19.8% | 27.4% | ||
| Q2 24 | 27.1% | 35.5% | ||
| Q1 24 | 25.4% | 28.7% |
| Q4 25 | -7.8% | 3.3% | ||
| Q3 25 | 0.4% | -3.5% | ||
| Q2 25 | 2.5% | 9.3% | ||
| Q1 25 | 4.1% | 4.1% | ||
| Q4 24 | -0.5% | 5.8% | ||
| Q3 24 | -97.7% | -1.7% | ||
| Q2 24 | 6.8% | 17.4% | ||
| Q1 24 | 4.0% | 8.2% |
| Q4 25 | -7.8% | 1.5% | ||
| Q3 25 | -2.0% | -4.0% | ||
| Q2 25 | 0.1% | 6.1% | ||
| Q1 25 | 0.4% | 1.8% | ||
| Q4 24 | 0.2% | 3.5% | ||
| Q3 24 | -66.5% | -2.1% | ||
| Q2 24 | 2.3% | 17.5% | ||
| Q1 24 | 1.5% | 5.7% |
| Q4 25 | $-0.60 | $0.04 | ||
| Q3 25 | $-0.10 | $-0.08 | ||
| Q2 25 | $-0.24 | $0.19 | ||
| Q1 25 | $0.04 | $0.05 | ||
| Q4 24 | $-0.18 | $0.10 | ||
| Q3 24 | $-8.27 | $-0.04 | ||
| Q2 24 | $0.24 | $0.60 | ||
| Q1 24 | $0.01 | $0.17 |
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 | $22.4M |
| Total DebtLower is stronger | $50.6M | — |
| Stockholders' EquityBook value | $242.1M | $363.2M |
| Total Assets | $635.8M | $548.6M |
| Debt / EquityLower = less leverage | 0.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.9M | $22.4M | ||
| Q3 25 | $26.4M | $18.0M | ||
| Q2 25 | $12.4M | $25.2M | ||
| Q1 25 | $14.7M | $26.7M | ||
| Q4 24 | $14.3M | $39.1M | ||
| Q3 24 | $14.5M | $35.5M | ||
| Q2 24 | $14.6M | $60.8M | ||
| Q1 24 | $20.4M | $47.4M |
| 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 | $363.2M | ||
| Q3 25 | $253.0M | $364.4M | ||
| Q2 25 | $253.9M | $372.5M | ||
| Q1 25 | $253.9M | $366.9M | ||
| Q4 24 | $251.0M | $371.5M | ||
| Q3 24 | $256.5M | $380.0M | ||
| Q2 24 | $416.0M | $399.9M | ||
| Q1 24 | $409.9M | $376.4M |
| Q4 25 | $635.8M | $548.6M | ||
| Q3 25 | $644.1M | $554.6M | ||
| Q2 25 | $645.0M | $559.6M | ||
| Q1 25 | $670.6M | $578.9M | ||
| Q4 24 | $671.3M | $587.4M | ||
| Q3 24 | $702.0M | $571.3M | ||
| Q2 24 | $869.5M | $577.4M | ||
| Q1 24 | $860.0M | $570.6M |
| 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 | $27.3M |
| Free Cash FlowOCF − Capex | $9.6M | $16.3M |
| FCF MarginFCF / Revenue | 6.7% | 13.1% |
| Capex IntensityCapex / Revenue | 3.9% | 8.8% |
| Cash ConversionOCF / Net Profit | — | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $37.0M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.2M | $27.3M | ||
| Q3 25 | $18.6M | $-8.1M | ||
| Q2 25 | $15.2M | $40.8M | ||
| Q1 25 | $4.5M | $-9.8M | ||
| Q4 24 | $11.8M | $-7.4M | ||
| Q3 24 | $19.0M | $-30.8M | ||
| Q2 24 | $2.3M | $43.7M | ||
| Q1 24 | $13.4M | $25.2M |
| Q4 25 | $9.6M | $16.3M | ||
| Q3 25 | $14.4M | $-12.4M | ||
| Q2 25 | $12.3M | $33.5M | ||
| Q1 25 | $709.0K | $-16.1M | ||
| Q4 24 | $6.1M | $-10.7M | ||
| Q3 24 | $12.9M | $-35.5M | ||
| Q2 24 | $-204.0K | $38.2M | ||
| Q1 24 | $10.5M | $7.0M |
| Q4 25 | 6.7% | 13.1% | ||
| Q3 25 | 9.5% | -14.6% | ||
| Q2 25 | 7.9% | 23.8% | ||
| Q1 25 | 0.4% | -13.9% | ||
| Q4 24 | 4.0% | -8.3% | ||
| Q3 24 | 8.5% | -40.2% | ||
| Q2 24 | -0.1% | 24.0% | ||
| Q1 24 | 6.3% | 5.1% |
| Q4 25 | 3.9% | 8.8% | ||
| Q3 25 | 2.8% | 5.0% | ||
| Q2 25 | 1.9% | 5.2% | ||
| Q1 25 | 2.4% | 5.4% | ||
| Q4 24 | 3.7% | 2.5% | ||
| Q3 24 | 4.0% | 5.3% | ||
| Q2 24 | 1.5% | 3.5% | ||
| Q1 24 | 1.8% | 13.2% |
| Q4 25 | — | 14.22× | ||
| Q3 25 | — | — | ||
| Q2 25 | 131.43× | 4.73× | ||
| Q1 25 | 6.63× | -4.68× | ||
| Q4 24 | 39.90× | -1.63× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.58× | 1.57× | ||
| Q1 24 | 5.24× | 3.20× |
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% |
SWBI
Segment breakdown not available.
