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Side-by-side financial comparison of DMC Global Inc. (BOOM) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
Wheels Up Experience Inc. is the larger business by last-quarter revenue ($183.8M vs $143.5M, roughly 1.3× DMC Global Inc.). DMC Global Inc. runs the higher net margin — -7.8% vs -15.7%, a 7.9% gap on every dollar of revenue. On growth, DMC Global Inc. posted the faster year-over-year revenue change (-5.8% vs -10.2%). DMC Global Inc. produced more free cash flow last quarter ($9.6M vs $-58.3M). Over the past eight quarters, Wheels Up Experience Inc.'s revenue compounded faster (-3.4% CAGR vs -7.3%).
DMC Mining Services is a mining services contractor founded in 1980 operating in Canada, the United States, Chile, and Mongolia
Wheels Up is a provider of "on demand" private aviation in the United States and one of the largest private aviation companies in the world. It was founded in 2013 by Kenny Dichter, using a membership/on-demand business model. Wheels Up members can book private aircraft from the company fleet and third-party operators using a mobile application.
BOOM vs UP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $143.5M | $183.8M |
| Net Profit | $-11.2M | $-28.9M |
| Gross Margin | 17.1% | 14.3% |
| Operating Margin | -7.8% | -0.9% |
| Net Margin | -7.8% | -15.7% |
| Revenue YoY | -5.8% | -10.2% |
| Net Profit YoY | -3871.6% | 67.0% |
| 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 | $183.8M | ||
| Q3 25 | $151.5M | $185.5M | ||
| Q2 25 | $155.5M | $189.6M | ||
| Q1 25 | $159.3M | $177.5M | ||
| Q4 24 | $152.4M | $204.8M | ||
| Q3 24 | $152.4M | $193.9M | ||
| Q2 24 | $171.2M | $196.3M | ||
| Q1 24 | $166.9M | $197.1M |
| Q4 25 | $-11.2M | $-28.9M | ||
| Q3 25 | $-3.1M | $-83.7M | ||
| Q2 25 | $116.0K | $-82.3M | ||
| Q1 25 | $677.0K | $-99.3M | ||
| Q4 24 | $296.0K | $-87.5M | ||
| Q3 24 | $-101.3M | $-57.7M | ||
| Q2 24 | $4.0M | $-97.0M | ||
| Q1 24 | $2.6M | $-97.4M |
| Q4 25 | 17.1% | 14.3% | ||
| Q3 25 | 21.7% | 6.8% | ||
| Q2 25 | 23.6% | 8.3% | ||
| Q1 25 | 25.9% | 10.8% | ||
| Q4 24 | 20.8% | 13.9% | ||
| Q3 24 | 19.8% | 13.9% | ||
| Q2 24 | 27.1% | 2.3% | ||
| Q1 24 | 25.4% | -0.6% |
| Q4 25 | -7.8% | -0.9% | ||
| Q3 25 | 0.4% | -33.1% | ||
| Q2 25 | 2.5% | -31.4% | ||
| Q1 25 | 4.1% | -45.5% | ||
| Q4 24 | -0.5% | -26.0% | ||
| Q3 24 | -97.7% | -21.6% | ||
| Q2 24 | 6.8% | -40.3% | ||
| Q1 24 | 4.0% | -42.9% |
| Q4 25 | -7.8% | -15.7% | ||
| Q3 25 | -2.0% | -45.1% | ||
| Q2 25 | 0.1% | -43.4% | ||
| Q1 25 | 0.4% | -55.9% | ||
| Q4 24 | 0.2% | -42.7% | ||
| Q3 24 | -66.5% | -29.8% | ||
| Q2 24 | 2.3% | -49.4% | ||
| Q1 24 | 1.5% | -49.4% |
| Q4 25 | $-0.60 | $-0.04 | ||
| Q3 25 | $-0.10 | $-0.12 | ||
| Q2 25 | $-0.24 | $-0.12 | ||
| Q1 25 | $0.04 | $-0.14 | ||
| Q4 24 | $-0.18 | $-0.13 | ||
| Q3 24 | $-8.27 | $-0.08 | ||
| Q2 24 | $0.24 | $-0.14 | ||
| Q1 24 | $0.01 | $-0.14 |
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 | $133.9M |
| Total DebtLower is stronger | $50.6M | $671.3M |
| Stockholders' EquityBook value | $242.1M | $-392.1M |
| Total Assets | $635.8M | $968.8M |
| Debt / EquityLower = less leverage | 0.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.9M | $133.9M | ||
| Q3 25 | $26.4M | $125.3M | ||
| Q2 25 | $12.4M | $107.0M | ||
| Q1 25 | $14.7M | $171.8M | ||
| Q4 24 | $14.3M | $216.4M | ||
| Q3 24 | $14.5M | $115.9M | ||
| Q2 24 | $14.6M | $141.5M | ||
| Q1 24 | $20.4M | $180.9M |
| Q4 25 | $50.6M | $671.3M | ||
| Q3 25 | $56.5M | $766.5M | ||
| Q2 25 | $58.7M | $770.5M | ||
| Q1 25 | $72.4M | $765.8M | ||
| Q4 24 | $70.8M | $761.3M | ||
| Q3 24 | $74.2M | $596.9M | ||
| Q2 24 | $84.1M | $597.4M | ||
| Q1 24 | $88.0M | $603.2M |
| Q4 25 | $242.1M | $-392.1M | ||
| Q3 25 | $253.0M | $-374.5M | ||
| Q2 25 | $253.9M | $-347.8M | ||
| Q1 25 | $253.9M | $-288.1M | ||
| Q4 24 | $251.0M | $-202.1M | ||
| Q3 24 | $256.5M | $-117.7M | ||
| Q2 24 | $416.0M | $-72.2M | ||
| Q1 24 | $409.9M | $936.0K |
| Q4 25 | $635.8M | $968.8M | ||
| Q3 25 | $644.1M | $973.0M | ||
| Q2 25 | $645.0M | $1.0B | ||
| Q1 25 | $670.6M | $1.1B | ||
| Q4 24 | $671.3M | $1.2B | ||
| Q3 24 | $702.0M | $1.0B | ||
| Q2 24 | $869.5M | $1.1B | ||
| Q1 24 | $860.0M | $1.2B |
| 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× | 644.43× |
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 | $-18.4M |
| Free Cash FlowOCF − Capex | $9.6M | $-58.3M |
| FCF MarginFCF / Revenue | 6.7% | -31.7% |
| Capex IntensityCapex / Revenue | 3.9% | 21.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $37.0M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.2M | $-18.4M | ||
| Q3 25 | $18.6M | $-37.1M | ||
| Q2 25 | $15.2M | $-62.9M | ||
| Q1 25 | $4.5M | $-47.9M | ||
| Q4 24 | $11.8M | $37.9M | ||
| Q3 24 | $19.0M | $-16.9M | ||
| Q2 24 | $2.3M | $-25.2M | ||
| Q1 24 | $13.4M | $-73.8M |
| Q4 25 | $9.6M | $-58.3M | ||
| Q3 25 | $14.4M | $-60.4M | ||
| Q2 25 | $12.3M | $-78.6M | ||
| Q1 25 | $709.0K | $-62.6M | ||
| Q4 24 | $6.1M | $-70.2M | ||
| Q3 24 | $12.9M | $-21.9M | ||
| Q2 24 | $-204.0K | $-30.8M | ||
| Q1 24 | $10.5M | $-77.8M |
| Q4 25 | 6.7% | -31.7% | ||
| Q3 25 | 9.5% | -32.6% | ||
| Q2 25 | 7.9% | -41.5% | ||
| Q1 25 | 0.4% | -35.3% | ||
| Q4 24 | 4.0% | -34.3% | ||
| Q3 24 | 8.5% | -11.3% | ||
| Q2 24 | -0.1% | -15.7% | ||
| Q1 24 | 6.3% | -39.5% |
| Q4 25 | 3.9% | 21.7% | ||
| Q3 25 | 2.8% | 12.5% | ||
| Q2 25 | 1.9% | 8.3% | ||
| Q1 25 | 2.4% | 8.3% | ||
| Q4 24 | 3.7% | 52.8% | ||
| Q3 24 | 4.0% | 2.6% | ||
| Q2 24 | 1.5% | 2.9% | ||
| Q1 24 | 1.8% | 2.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 131.43× | — | ||
| Q1 25 | 6.63× | — | ||
| Q4 24 | 39.90× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.58× | — | ||
| Q1 24 | 5.24× | — |
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% |
UP
Segment breakdown not available.
