Forensic Analysis · Primary Metals & Steel · as of Nov 9, 2026

Dmc Global Inc. (BOOM)

A forensic read on Dmc Global Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

C · Mixed — selective

Forensic grade

Safe

Financial health

2.9

Distress distance

Clean

Earnings quality

Forensic signals

-5.5%

ROE

-5.1%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Dmc Global Inc. earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 2.9, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

0.0%

FY2025

Return on invested capital. Return on invested capital is 0.0% in the latest fiscal year, against 5.7% in FY2023, having run between -16.1% and 5.7% across FY2023–FY2025 with no direction held. After-tax operating profit was $43M in FY2023 and ($86,900) in FY2025, with operating income at 8.5% of revenue in FY2023, -20.4% in FY2024 and 0.0% in FY2025. The capital base behind it came down -30% across FY2023–FY2025, from $742M to $519M, so this return is struck on a smaller base than it started on. FY2024's operating profit carried a $142M goodwill write-off that alone took about 17.4 points off that year's return; FY2024 sits between the two ends of FY2023–FY2025, so the charge shapes the path between them without moving the change across it. A non-cash write-down lowers the reported return in the year it lands.

$142M

FY2024

Goodwill impairments. Took $142M of goodwill writedowns across 1 year (FY2024 ($142M)). Writedowns mean past acquisitions underperformed what was paid for them.

Key fundamentals

Latest Revenue$609.8M

Revenue Growth YoY-5.1%

Revenue CAGR (2yr)-7.9%

Net Margin-2.2%

Free Cash Flow$37.0M

Return on Equity-5.5%

Debt / Equity0.21x

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Data from SEC EDGAR public filings · metrics as of Nov 9, 2026. Forensic signals flag probability, not certainty.

See a wrong number? Report an error with the filing it should match.