Filing Flows › Warrior MET Coal (HCC) › Q4 2025
Warrior MET Coal (HCC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 12, 2026
Warrior MET Coal (HCC) reported revenue of $384M for the fourth quarter 2025 (Q4 2025), +29% from a year earlier and +17% from the quarter before. Operating margin was 9.0%, net earnings $23.0M (6.0% of revenue).
Warrior MET Coal, Q4 2025: revenue $384M (+29% year over year), operating margin 9.0%, net earnings $23.0M, operating cash flow $76.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $384M | +17% | +29% |
| Operating profit | $34.6M | +67% | — |
| Net earnings | $23.0M | -37% | 20× |
| Operating cash flow | $76.1M | -27% | +40% |
What changed
Revenue was $384.0M in Q4 2025, up 29% year over year and up 17% from the previous quarter. Product was the largest line at 97% of revenue.
Operating profit was $34.6M, a 9.0% margin (up 10.4 points year over year). Total costs grew 16% against revenue growth of 29%. The fastest-growing cost line was Cost of revenue (+18%). Net earnings were $23.0M, up 1921% year over year. The effective tax rate was 36.0%.
Operating cash flow was $76.1M (up 40% year over year), 331% of net earnings. Non-cash charges added back $56.4M of depreciation and amortization and $4.6M of share-based compensation. Working capital and other items used $8.0M. Capital expenditures of $94.2M exceeded it, leaving free cash flow of −$18.1M.
Questions
What was Warrior MET Coal's revenue in the fourth quarter 2025?
Warrior MET Coal (HCC) reported revenue of $384M for the fourth quarter 2025 (Q4 2025), +29% from a year earlier and +17% from the quarter before.
Was Warrior MET Coal profitable in the fourth quarter 2025?
Operating profit was $34.6M (9.0% of revenue) and net earnings $23.0M.
Source: Warrior MET Coal 10-K on SEC EDGAR.