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Warrior MET Coal vs Ramaco Resources: HCC and METC compared
Warrior MET Coal is the larger company: $508M of revenue in its latest quarter (Q3 2026) against $150M for Ramaco Resources (Q3 2026). Warrior MET Coal is growing faster (+55% against +24% a year earlier). Warrior MET Coal is more profitable, with an operating margin of 10.0% against -14.1%.
Where the money goes: HCC and METC
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.
Ramaco Resources (METC) · Q3 2026
Ramaco Resources, Q3 2026: revenue $150M (+24% year over year), operating margin -14.1%, net loss $18.2M, operating cash flow −$12.0M. The chart follows the revenue to costs, profit and cash.
| Warrior MET Coal (HCC) | Ramaco Resources (METC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $508M | $150M |
| Revenue growth, Y/Y | +55% | +24% |
| Operating margin | 10.0% | -14.1% |
| Net earnings | $49.3M | −$18.2M |
| Net margin | 9.7% | -12.1% |
| Operating cash flow | $166M | −$12.0M |
| Free cash flow | $139M | — |
| Market value | $4.5B | — |
| P/E | 19.2× | — |
| Analysts’ mean target | $106.50 | — |
Where the revenue comes from
Warrior MET Coal
- Product: $501M (99%)
- Product and Service Other: $6.9M (1%)
Ramaco Resources
- Export revenue, excluding Canada: $97.1M (65%)
- North American revenue: $53.0M (35%)
Questions
Which is bigger, Warrior MET Coal or Ramaco Resources?
Warrior MET Coal is the larger company: $508M of revenue in its latest quarter (Q3 2026) against $150M for Ramaco Resources (Q3 2026).
Is Warrior MET Coal or Ramaco Resources growing faster?
Warrior MET Coal is growing faster (+55% against +24% a year earlier).
Which is more profitable, Warrior MET Coal or Ramaco Resources?
Warrior MET Coal is more profitable, with an operating margin of 10.0% against -14.1%.
More: Warrior MET Coal earnings · how Warrior MET Coal makes money · Ramaco Resources earnings · how Ramaco Resources makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.