Does DMC Global Inc. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores DMC Global Inc. (BOOM) 27.4 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 31, returns on capital 7, balance-sheet safety 47, capital discipline 32.

How has BOOM's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 27.4 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

DMC Global Inc.

BOOM · Industrials · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power31

Median gross margin 26.6% over 10y, stable.

Returns on capital7

Median ROIC -0.2%, above the 9% hurdle in 20% of years.

Balance-sheet safety47

Net debt/EBITDA 0.6x, interest coverage -0x.

Capital discipline32

Owner earnings trend unclear, share count growing (dilution).

Margin of safety

Above valueOn sale

No price data

Owner earnings (normalized): $4.0M
Est. intrinsic value / share: —
Recent price: $6.26
Discount to value: No price data

Conservative model: 9% discount rate, 1% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Fundamentals

There's no normalized fundamentals series for BOOM yet — it appears once ingest has processed its filings.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale27.4 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — BOOM has read No moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Industrials context

#220 of 309 scored Industrials companies, ranked by Moat Score.

Nearest peers by Moat Score

#218TGEN TECOGEN INC.28.3 out of 100, No moatNo moat
#219BBCP CONCRETE PUMPING HOLDINGS, INC.28.0 out of 100, No moatNo moat
#221NCLH NORWEGIAN CRUISE LINE HOLDINGS LTD.27.1 out of 100, No moatNo moat
#222LCUT LIFETIME BRANDS, INC.26.9 out of 100, No moatNo moat

Compare BOOM with its nearest peers →All Industrials companies on the Index →

Common questions about BOOM

Does DMC Global Inc. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores DMC Global Inc. (BOOM) 27.4 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 31, returns on capital 7, balance-sheet safety 47, capital discipline 32.
How has BOOM's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 27.4 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell BOOM. See the disclaimer.