DMC Global Inc
dmcglobal.comWhat Do They Do?
Makes architectural building products for commercial and high-end residential construction, perforating systems for oilfield service companies, and clad metal products and transition joints for industrial processors and equipment makers.
10-K for FY2025, filed Feb 23, 2026DMC Global Inc. (“DMC”, “we”, “us”, “our”, or the “Company”) operates three manufacturing businesses: Arcadia Products, DynaEnergetics and…View ↗
How Do They Make Money?
Customers pay for tangible goods, generally within 30 to 90 days. DynaEnergetics and NobelClad are paid when goods transfer to customers; Arcadia is usually paid when products ship, though customized projects may be billed as units are delivered.
10-K for FY2025, filed Feb 23, 2026The Company’s revenues are derived from consideration paid by customers for tangible goods. The Company analyzes its different products by…View ↗
Our rights to payments for goods transferred to customers within our DynaEnergetics and NobelClad business segments arise when control is…View ↗
The transaction price is readily determinable and fixed at the time the transaction is entered into with the customer. Arcadia Products is…View ↗
At times, Arcadia Products will also contract with customers to supply customized architectural building materials based on design…View ↗
$609.8M
-
10-K for FY2025, filed Feb 23, 2026
$609.8M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Arcadia Products
|
40%
FY2022: 46%
|
Arcadia Products, FY2025
$246.2M Sources
|
|
|
DynaEnergetics
Sold outright
10-K for FY2025, filed Feb 23, 2026 |
44%
FY2022: 40%
|
DynaEnergetics, FY2025
$270.2M Sources
|
Sold outright |
|
NobelClad
Sold outright
10-K for FY2025, filed Feb 23, 2026 |
15%
FY2022: 14%
|
NobelClad, FY2025
$93.4M Sources
|
Sold outright |
Who Are Their Customers?
Construction buyers, including glazing contractors and luxury-home builders, buy through Arcadia's service-center, sales and dealer networks; oilfield service companies buy DynaEnergetics products directly or through distributors and agents; fabricators typically place NobelClad orders.
10-K for FY2025, filed Feb 23, 2026Arcadia’s offerings are sold through an integrated “hub and satellite” network. Light manufacturing, anodizing and painting of aluminum…View ↗
The sales strategy for the Arcadia Custom line is focused on direct selling through a national internal sales team and a dealer network…View ↗
DynaEnergetics’ worldwide marketing and sales efforts for its oilfield products are managed from Troisdorf, Germany and Houston, Texas.…View ↗
NobelClad’s customers can be divided into three tiers: the product end users (e.g., operators of chemical processing plants, and aluminum…View ↗
10-K for FY2025, filed Feb 23, 2026
During the years ended December 31, 2025, 2024, and 2023, one DynaEnergetics customer accounted for approximately 26%, 23%, and 15%…View ↗
Do Revenues Turn Into Profits?
Not on paper. It lost $13.5M in FY2025, but brought in more cash than it spent: $37M of free cash flow.
10-K for FY2025, filed Feb 23, 2026
−$110KView ↗
10-K for FY2025, filed Feb 23, 2026
−$13.5MView ↗
10-K for FY2025, filed Feb 23, 2026
$37MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q3 FY2026, filed Oct 27, 2026
$9.7MView ↗
- ▲ Now profitable
- vs −$3.1M in Q3 FY2025
10-Q for Q3 FY2026, filed Oct 27, 2026
Open tableView ↗
Growing. Revenue grew 2.3x in 4 years, from $260.1M in FY2021 to $609.8M in FY2025, about 24% a year.
Well abandonment products
DynaEnergetics' description has expanded from products principally used to perforate oil and gas wells to systems for well completion and plug-and-abandonment operations, including products used to seal or remediate wells.
10-K for FY2022, filed Feb 27, 2023 10-K for FY2025, filed Feb 23, 2026DMC Global Inc. (“DMC”, "we", "us", "our", or the "Company") owns and operates Arcadia, DynaEnergetics and NobelClad, three innovative…View ↗
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