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DMC Global Inc.（BOOM）与再鼎医药（ZLAB）财务数据对比。点击上方公司名可切换其他公司
DMC Global Inc.的季度营收约是再鼎医药的1.1倍（$143.5M vs $127.1M），再鼎医药同比增速更快（17.1% vs -5.8%），DMC Global Inc.自由现金流更多（$9.6M vs $-26.7M），过去两年再鼎医药的营收复合增速更高（20.8% vs -7.3%）
DMC Global Inc.旗下DMC采矿服务是成立于1980年的采矿服务承包商，业务覆盖加拿大、美国、智利以及蒙古，为矿区开发与运营提供专业相关工程服务，是全球范围内颇具规模的专业采矿服务商。
再鼎医药是一家创新生物制药企业，专注于肿瘤、自身免疫性疾病、感染性疾病等领域创新疗法的研发、生产与商业化，核心市场覆盖大中华区，与全球多家头部生物科技企业合作，为存在未被满足医疗需求的患者提供治疗方案。
BOOM vs ZLAB — 直观对比
营收规模更大
BOOM
是对方的1.1倍
$127.1M
营收增速更快
ZLAB
高出22.9%
-5.8%
自由现金流更多
BOOM
多$36.3M
$-26.7M
两年增速更快
ZLAB
近两年复合增速
-7.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $143.5M | $127.1M |
| 净利润 | $-11.2M | — |
| 毛利率 | 17.1% | 51.0% |
| 营业利润率 | -7.8% | -54.6% |
| 净利率 | -7.8% | — |
| 营收同比 | -5.8% | 17.1% |
| 净利润同比 | -3871.6% | — |
| 每股收益（稀释后） | $-0.60 | $-0.05 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收BOOMZLAB
| Q4 25 | $143.5M | $127.1M | ||
| Q3 25 | $151.5M | $115.4M | ||
| Q2 25 | $155.5M | $109.1M | ||
| Q1 25 | $159.3M | $105.7M | ||
| Q4 24 | $152.4M | $108.5M | ||
| Q3 24 | $152.4M | $101.8M | ||
| Q2 24 | $171.2M | $100.1M | ||
| Q1 24 | $166.9M | $87.1M |
净利润BOOMZLAB
| Q4 25 | $-11.2M | — | ||
| Q3 25 | $-3.1M | $-36.0M | ||
| Q2 25 | $116.0K | $-40.7M | ||
| Q1 25 | $677.0K | $-48.4M | ||
| Q4 24 | $296.0K | — | ||
| Q3 24 | $-101.3M | $-41.7M | ||
| Q2 24 | $4.0M | $-80.3M | ||
| Q1 24 | $2.6M | $-53.5M |
毛利率BOOMZLAB
| Q4 25 | 17.1% | 51.0% | ||
| Q3 25 | 21.7% | 59.5% | ||
| Q2 25 | 23.6% | 60.6% | ||
| Q1 25 | 25.9% | 63.6% | ||
| Q4 24 | 20.8% | 61.5% | ||
| Q3 24 | 19.8% | 64.1% | ||
| Q2 24 | 27.1% | 64.9% | ||
| Q1 24 | 25.4% | 61.4% |
营业利润率BOOMZLAB
| Q4 25 | -7.8% | -54.6% | ||
| Q3 25 | 0.4% | -42.3% | ||
| Q2 25 | 2.5% | -50.3% | ||
| Q1 25 | 4.1% | -53.3% | ||
| Q4 24 | -0.5% | -62.6% | ||
| Q3 24 | -97.7% | -66.6% | ||
| Q2 24 | 6.8% | -76.0% | ||
| Q1 24 | 4.0% | -80.7% |
净利率BOOMZLAB
| Q4 25 | -7.8% | — | ||
| Q3 25 | -2.0% | -31.2% | ||
| Q2 25 | 0.1% | -37.3% | ||
| Q1 25 | 0.4% | -45.8% | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | -66.5% | -40.9% | ||
| Q2 24 | 2.3% | -80.2% | ||
| Q1 24 | 1.5% | -61.4% |
每股收益（稀释后）BOOMZLAB
| Q4 25 | $-0.60 | $-0.05 | ||
| Q3 25 | $-0.10 | $-0.03 | ||
| Q2 25 | $-0.24 | $-0.04 | ||
| Q1 25 | $0.04 | $-0.04 | ||
| Q4 24 | $-0.18 | $-0.09 | ||
| Q3 24 | $-8.27 | $-0.04 | ||
| Q2 24 | $0.24 | $-0.08 | ||
| Q1 24 | $0.01 | $-0.05 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $31.9M | $689.6M |
| 总债务越低越好 | $50.6M | — |
| 股东权益账面价值 | $242.1M | $715.5M |
| 总资产 | $635.8M | $1.2B |
| 负债/权益比越低杠杆越低 | 0.21× | — |
8季度趋势，按日历期对齐
现金及短期投资BOOMZLAB
| Q4 25 | $31.9M | $689.6M | ||
| Q3 25 | $26.4M | $717.2M | ||
| Q2 25 | $12.4M | $732.2M | ||
| Q1 25 | $14.7M | $757.3M | ||
| Q4 24 | $14.3M | $779.7M | ||
| Q3 24 | $14.5M | $616.1M | ||
| Q2 24 | $14.6M | $630.0M | ||
| Q1 24 | $20.4M | $650.8M |
总债务BOOMZLAB
| 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 | — |
股东权益BOOMZLAB
| Q4 25 | $242.1M | $715.5M | ||
| Q3 25 | $253.0M | $759.9M | ||
| Q2 25 | $253.9M | $791.7M | ||
| Q1 25 | $253.9M | $810.8M | ||
| Q4 24 | $251.0M | $840.9M | ||
| Q3 24 | $256.5M | $667.7M | ||
| Q2 24 | $416.0M | $704.2M | ||
| Q1 24 | $409.9M | $762.2M |
总资产BOOMZLAB
| Q4 25 | $635.8M | $1.2B | ||
| Q3 25 | $644.1M | $1.2B | ||
| Q2 25 | $645.0M | $1.2B | ||
| Q1 25 | $670.6M | $1.2B | ||
| Q4 24 | $671.3M | $1.2B | ||
| Q3 24 | $702.0M | $985.3M | ||
| Q2 24 | $869.5M | $987.4M | ||
| Q1 24 | $860.0M | $988.4M |
负债/权益比BOOMZLAB
| 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× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $15.2M | $-26.0M |
| 自由现金流经营现金流 - 资本支出 | $9.6M | $-26.7M |
| 自由现金流率自由现金流/营收 | 6.7% | -21.0% |
| 资本支出强度资本支出/营收 | 3.9% | 0.5% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $37.0M | $-158.9M |
8季度趋势，按日历期对齐
经营现金流BOOMZLAB
| Q4 25 | $15.2M | $-26.0M | ||
| Q3 25 | $18.6M | $-32.0M | ||
| Q2 25 | $15.2M | $-31.0M | ||
| Q1 25 | $4.5M | $-61.7M | ||
| Q4 24 | $11.8M | $-55.8M | ||
| Q3 24 | $19.0M | $-26.8M | ||
| Q2 24 | $2.3M | $-42.2M | ||
| Q1 24 | $13.4M | $-90.1M |
自由现金流BOOMZLAB
| Q4 25 | $9.6M | $-26.7M | ||
| Q3 25 | $14.4M | $-35.0M | ||
| Q2 25 | $12.3M | $-33.9M | ||
| Q1 25 | $709.0K | $-63.2M | ||
| Q4 24 | $6.1M | $-58.4M | ||
| Q3 24 | $12.9M | $-28.2M | ||
| Q2 24 | $-204.0K | $-42.9M | ||
| Q1 24 | $10.5M | $-91.1M |
自由现金流率BOOMZLAB
| Q4 25 | 6.7% | -21.0% | ||
| Q3 25 | 9.5% | -30.4% | ||
| Q2 25 | 7.9% | -31.1% | ||
| Q1 25 | 0.4% | -59.9% | ||
| Q4 24 | 4.0% | -53.8% | ||
| Q3 24 | 8.5% | -27.7% | ||
| Q2 24 | -0.1% | -42.9% | ||
| Q1 24 | 6.3% | -104.5% |
资本支出强度BOOMZLAB
| Q4 25 | 3.9% | 0.5% | ||
| Q3 25 | 2.8% | 2.6% | ||
| Q2 25 | 1.9% | 2.6% | ||
| Q1 25 | 2.4% | 1.5% | ||
| Q4 24 | 3.7% | 2.4% | ||
| Q3 24 | 4.0% | 1.3% | ||
| Q2 24 | 1.5% | 0.7% | ||
| Q1 24 | 1.8% | 1.1% |
现金转化率BOOMZLAB
| 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× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
BOOM
| Dyna Energetics Segment | $68.9M | 48% |
| Other | $57.0M | 40% |
| Nobel Clad Segment | $17.7M | 12% |
ZLAB
| Zejula | $56.0M | 44% |
| Other | $21.9M | 17% |
| Nuzyra | $16.0M | 13% |
| Optune | $11.9M | 9% |
| XACDURO | $10.7M | 8% |
| Qinlock | $9.7M | 8% |
| AUGTYRO | $836.0K | 1% |
