Alpha Metallurgical Resources vs Warrior MET Coal
Alpha Metallurgical Resources is the larger business, with $2.13bn of revenue in fiscal 2025 against $1.31bn for Warrior MET Coal (1.6 times as much). Warrior MET Coal grew faster (-14.1% against -28.0%). Warrior MET Coal kept more of each dollar of sales as profit: a net margin of 4.4% against -2.9%. Alpha Metallurgical Resources carries less debt relative to equity (0.9% against 7.2%).
| Latest fiscal year | Alpha Metallurgical ResourcesAMR, 2025 | Warrior MET CoalHCC, 2025 |
|---|---|---|
| Revenue | $2.13bn | $1.31bn |
| Revenue growth | -28.0% | -14.1% |
| Net income | −$61.7m | $57.0m |
| Operating margin | -2.9% | 3.5% |
| Net margin | -2.9% | 4.4% |
| Return on equity | -3.9% | 2.7% |
| Free cash flow | $17.8m | −$91.0m |
| Cash | $366m | $300m |
| Total debt | $13.4m | $154m |
| Debt to equity | 0.9% | 7.2% |
| Dividend per share | — | $0.32 |
| Dividend yield | 0.0% | 0.4% |
| Share buybacks | — | — |
| Employees | 3,960 | 1,485 |
| Market value | $1.95bn | $4.29bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 31 (Weak) | 63 (Moderate) |
| Insider trades, 12 months | 123 buys, 11 sales | 0 buys, 10 sales |