Warrior MET Coal vs Ramaco Resources
Warrior MET Coal is the larger business, with $1.31bn of revenue in fiscal 2025 against $537m for Ramaco Resources (2.4 times as much). Warrior MET Coal grew faster (-14.1% against -19.5%). Warrior MET Coal kept more of each dollar of sales as profit: a net margin of 4.4% against -9.6%. Warrior MET Coal carries less debt relative to equity (7.2% against 96.7%).
| Latest fiscal year | Warrior MET CoalHCC, 2025 | Ramaco ResourcesMETC, 2025 |
|---|---|---|
| Revenue | $1.31bn | $537m |
| Revenue growth | -14.1% | -19.5% |
| Net income | $57.0m | −$51.4m |
| Operating margin | 3.5% | -10.4% |
| Net margin | 4.4% | -9.6% |
| Return on equity | 2.7% | -12.2% |
| Free cash flow | −$91.0m | −$60.8m |
| Cash | $300m | $440m |
| Total debt | $154m | $468m |
| Debt to equity | 7.2% | 96.7% |
| Dividend per share | $0.32 | — |
| Dividend yield | 0.4% | 1.3% |
| Share buybacks | — | — |
| Employees | 1,485 | 900 |
| Market value | $4.29bn | $345m |
| Price vs our value range | Within our value range | — |
| Moat score | 63 (Moderate) | 26 (Weak) |
| Insider trades, 12 months | 0 buys, 10 sales | 0 buys, 112 sales |