Alpha Metallurgical Resources vs Ramaco Resources
Alpha Metallurgical Resources is the larger business, with $2.13bn of revenue in fiscal 2025 against $537m for Ramaco Resources (4.0 times as much). Ramaco Resources grew faster (-19.5% against -28.0%). Alpha Metallurgical Resources kept more of each dollar of sales as profit: a net margin of -2.9% against -9.6%. Alpha Metallurgical Resources carries less debt relative to equity (0.9% against 96.7%).
| Latest fiscal year | Alpha Metallurgical ResourcesAMR, 2025 | Ramaco ResourcesMETC, 2025 |
|---|---|---|
| Revenue | $2.13bn | $537m |
| Revenue growth | -28.0% | -19.5% |
| Net income | −$61.7m | −$51.4m |
| Operating margin | -2.9% | -10.4% |
| Net margin | -2.9% | -9.6% |
| Return on equity | -3.9% | -12.2% |
| Free cash flow | $17.8m | −$60.8m |
| Cash | $366m | $440m |
| Total debt | $13.4m | $468m |
| Debt to equity | 0.9% | 96.7% |
| Dividend per share | — | — |
| Dividend yield | 0.0% | 1.3% |
| Share buybacks | — | — |
| Employees | 3,960 | 900 |
| Market value | $1.95bn | $345m |
| Price vs our value range | Below our value range | — |
| Moat score | 31 (Weak) | 26 (Weak) |
| Insider trades, 12 months | 123 buys, 11 sales | 0 buys, 112 sales |