Cameco vs Warrior MET Coal
Cameco is the larger business, with $2.49bn of revenue in fiscal 2025 against $1.31bn for Warrior MET Coal (1.9 times as much). Cameco grew faster (8.9% against -14.1%). Cameco kept more of each dollar of sales as profit: a net margin of 16.9% against 4.4%. Warrior MET Coal carries less debt relative to equity (7.2% against 14.4%).
| Latest fiscal year | CamecoCCJ, 2025 | Warrior MET CoalHCC, 2025 |
|---|---|---|
| Revenue | $2.49bn | $1.31bn |
| Revenue growth | 8.9% | -14.1% |
| Net income | $422m | $57.0m |
| Operating margin | 17.8% | 3.5% |
| Net margin | 16.9% | 4.4% |
| Return on equity | 8.9% | 2.7% |
| Free cash flow | $770m | −$91.0m |
| Cash | $813m | $300m |
| Total debt | $727m | $154m |
| Debt to equity | 14.4% | 7.2% |
| Dividend per share | — | $0.32 |
| Dividend yield | 0.2% | 0.4% |
| Share buybacks | — | — |
| Employees | — | 1,485 |
| Market value | $31.71bn | $4.29bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | — | 63 (Moderate) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 10 sales |