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Coronado Global Resources vs Warrior MET Coal: CODQL and HCC compared
Coronado Global Resources is the larger company: $514M of revenue in its latest quarter (Q2 2026) against $508M for Warrior MET Coal (Q3 2026). Warrior MET Coal is growing faster (+55% against +10% a year earlier). Warrior MET Coal is more profitable, with an operating margin of 10.0% against -8.7%.
Where the money goes: CODQL and HCC
Coronado Global Resources (CODQL) · Q2 2026
Coronado Global Resources, Q2 2026: revenue $514M (+10% year over year), operating margin -8.7%, net loss $99.4M, operating cash flow −$26.0M. The chart follows the revenue to costs, profit and cash.
Warrior MET Coal (HCC) · Q3 2026
Warrior MET Coal, Q3 2026: revenue $508M (+55% year over year), operating margin 10.0%, net earnings $49.3M, operating cash flow $166M. The chart follows the revenue to costs, profit and cash.
| Coronado Global Resources (CODQL) | Warrior MET Coal (HCC) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $514M | $508M |
| Revenue growth, Y/Y | +10% | +55% |
| Operating margin | -8.7% | 10.0% |
| Net earnings | −$99.4M | $49.3M |
| Net margin | -19.3% | 9.7% |
| Operating cash flow | −$26.0M | $166M |
| Free cash flow | — | $139M |
| Market value | $1.9B | $4.5B |
| P/E | — | 19.2× |
| Analysts’ mean target | — | $106.50 |
Where the revenue comes from
Coronado Global Resources
- Metallurgical Coal: $480M (93%)
- Thermal Coal: $26.7M (5%)
- Other revenues: $7.8M (2%)
Warrior MET Coal
- Product: $501M (99%)
- Product and Service Other: $6.9M (1%)
Questions
Which is bigger, Coronado Global Resources or Warrior MET Coal?
Coronado Global Resources is the larger company: $514M of revenue in its latest quarter (Q2 2026) against $508M for Warrior MET Coal (Q3 2026).
Is Coronado Global Resources or Warrior MET Coal growing faster?
Warrior MET Coal is growing faster (+55% against +10% a year earlier).
Which is more profitable, Coronado Global Resources or Warrior MET Coal?
Warrior MET Coal is more profitable, with an operating margin of 10.0% against -8.7%.
More: Coronado Global Resources earnings · how Coronado Global Resources makes money · Warrior MET Coal earnings · how Warrior MET Coal makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 10, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.