Filing Flows › Warrior MET Coal (HCC) › How it makes money
How Warrior MET Coal (HCC) makes money
Warrior MET Coal (HCC) made $508M of revenue in the third quarter 2026 (Q3 2026), +55% from a year earlier. Product brought in $501M (99%); Product and Service Other brought in $6.9M (1%). Of every dollar of revenue, 10¢ was left as operating profit, 10¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Product | $501M | 98.6% | -0.5% | +57% |
| Product and Service Other | $6.9M | 1.4% | +13% | -20% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $508M | 100.0% |
| Operating profit | $50.8M | 10.0% |
| Net earnings | $49.3M | 9.7% |
| Operating cash flow | $166M | 32.7% |
| Free cash flow | $139M | 27.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $508M | +55% |
| Q2 2026 | $510M | +71% |
| Q1 2026 | $459M | +53% |
| Q4 2025 | $384M | +29% |
| Q3 2025 | $329M | +0.3% |
| Q2 2025 | $298M | -25% |
| Q1 2025 | $300M | -40% |
From Warrior MET Coal's 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does Warrior MET Coal make money?
Warrior MET Coal (HCC) made $508M of revenue in the third quarter 2026 (Q3 2026), +55% from a year earlier. Product brought in $501M (99%); Product and Service Other brought in $6.9M (1%). Of every dollar of revenue, 10¢ was left as operating profit, 10¢ was left as net earnings.
What is Warrior MET Coal's biggest business?
Product: $501M in the third quarter 2026, 99% of revenue, +57% from a year earlier.
What is Warrior MET Coal's profit margin?
Net earnings were $49.3M, 9.7% of revenue, in the third quarter 2026; the operating margin was 10.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.