Warrior Met Coal Financials

HCC

Source SEC Filings (10-K/10-Q) Updated Feb 12, 2026 Currency USD FYE February

Financial Health Signals

Financial Profile 62/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

100

Warrior Met Coal has an operating margin of 29.6%, meaning the company retains $30 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 16.7% the prior year.

Growth

Warrior Met Coal's revenue declined 100% year-over-year, from $1.5B to $154K. This contraction results in a growth score of 0/100.

Leverage

100

Warrior Met Coal carries a low D/E ratio of 0.07, meaning only $0.07 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 3.19, Warrior Met Coal holds $3.19 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Returns

Warrior Met Coal generates a 2.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 11/100. This is down from 12.0% the prior year.

Altman Z-Score Safe

4237.59

Warrior Met Coal scores 4237.59, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($4.5B) relative to total liabilities ($642K). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral

4/9

Warrior Met Coal passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

4.02x

For every $1 of reported earnings, Warrior Met Coal generates $4.02 in operating cash flow ($229K OCF vs $57K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

4.7x

Warrior Met Coal earns $4.7 in operating income for every $1 of interest expense ($46K vs $10K). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

This page shows Warrior Met Coal (HCC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$154K

YoY-100.0%

5Y CAGR-81.9%

Warrior Met Coal generated $154K in revenue in fiscal year 2025. This represents a decrease of 100.0% from the prior year.

EBITDA

$234K

YoY-99.9%

5Y CAGR-69.6%

Warrior Met Coal's EBITDA was $234K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 99.9% from the prior year.

Free Cash Flow

N/A

Net Income

$57K

YoY-100.0%

Warrior Met Coal reported $57K in net income in fiscal year 2025. This represents a decrease of 100.0% from the prior year.

EPS (Diluted)

$1.08

YoY-77.5%

Warrior Met Coal earned $1.08 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 77.5% from the prior year.

Cash & Debt

$300K

YoY-99.9%

5Y CAGR-73.1%

Warrior Met Coal held $300K in cash against $154K in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.16

YoY+41.5%

5Y CAGR+42.1%

Warrior Met Coal paid $1.16 per share in dividends in fiscal year 2025. This represents an increase of 41.5% from the prior year.

Shares Outstanding

53M

YoY+0.1%

5Y CAGR+0.5%

Warrior Met Coal had 53M shares outstanding in fiscal year 2025. This represents an increase of 0.1% from the prior year.

Gross Margin

-537.2%

YoY-571.2pp

5Y CAGR-557.4pp

Warrior Met Coal's gross margin was -537.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 571.2 percentage points from the prior year.

Operating Margin

29.6%

YoY+12.9pp

5Y CAGR+33.1pp

Warrior Met Coal's operating margin was 29.6% in fiscal year 2025, reflecting core business profitability. This is up 12.9 percentage points from the prior year.

Net Margin

37.0%

YoY+20.5pp

5Y CAGR+41.5pp

Warrior Met Coal's net profit margin was 37.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 20.5 percentage points from the prior year.

Return on Equity

2.7%

YoY-9.3pp

Warrior Met Coal's ROE was 2.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 9.3 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

HCC Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$154K-100.0%	$1.5B-9.0%	$1.7B-3.6%	$1.7B+64.2%	$1.1B+35.3%	$782.7M
Cost of Revenue	$982K-99.9%	$1.0B+10.7%	$910.3M+28.1%	$710.6M+28.2%	$554.3M-11.3%	$625.2M
Gross Profit	-$828K-100.2%	$517.9M-32.4%	$766.4M-25.5%	$1.0B+103.6%	$504.9M+220.5%	$157.6M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$66K-99.9%	$63.1M+21.7%	$51.8M+6.2%	$48.8M+37.1%	$35.6M+8.3%	$32.9M
Operating Income	$46K-100.0%	$254.9M-52.9%	$541.4M-32.4%	$801.4M+228.8%	$243.8M+998.2%	-$27.1M
Interest Expense	$10K-99.8%	$4.3M-76.2%	$18.0M-42.9%	$31.4M	N/A	N/A
Income Tax	$3K-100.0%	$33.1M-54.6%	$72.8M-48.7%	$141.8M+188.8%	$49.1M+343.7%	-$20.1M
Net Income	$57K-100.0%	$250.6M-47.6%	$478.6M-25.4%	$641.3M+325.0%	$150.9M+521.9%	-$35.8M
EPS (Diluted)	$1.08-77.5%	$4.79-47.9%	$9.20-25.8%	$12.40+323.2%	$2.93+518.6%	$-0.70

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$384.0M+16.9%	$328.6M+10.4%	$297.5M-0.8%	$299.9M+0.8%	$297.5M-9.2%	$327.7M-17.4%	$396.5M-21.2%	$503.5M
Cost of Revenue	$270.7M+13.0%	$239.5M+5.8%	$226.4M-7.9%	$245.7M+7.4%	$228.8M-1.2%	$231.6M-11.4%	$261.3M-8.5%	$285.6M
Gross Profit	$113.3M+27.2%	$89.1M+25.2%	$71.1M+31.2%	$54.2M-21.0%	$68.7M-28.6%	$96.1M-28.9%	$135.2M-38.0%	$217.9M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$18.1M+5.3%	$17.2M+44.3%	$11.9M-35.3%	$18.4M+7.1%	$17.2M+49.6%	$11.5M-25.7%	$15.5M-17.9%	$18.9M
Operating Income	$34.6M+67.2%	$20.7M+168.3%	$7.7M+144.4%	-$17.4M-313.1%	-$4.2M-110.8%	$39.1M-44.8%	$70.9M-52.4%	$149.1M
Interest Expense	$2.4M+5.7%	$2.3M-20.2%	$2.9M+37.2%	$2.1M+159.2%	$813K-42.8%	$1.4M+55.4%	$915K-18.4%	$1.1M
Income Tax	$12.9M+193.9%	-$13.7M-418.9%	$4.3M+171.5%	-$6.0M-839.9%	$815K-82.3%	$4.6M-45.9%	$8.5M-55.4%	$19.1M
Net Income	$23.0M-37.3%	$36.6M+552.8%	$5.6M+168.6%	-$8.2M-818.4%	$1.1M-97.3%	$41.8M-40.9%	$70.7M-48.4%	$137.0M
EPS (Diluted)	$0.43-38.6%	$0.70+536.4%	$0.11+168.8%	$-0.16-900.0%	$0.02-97.5%	$0.80-40.7%	$1.35-48.5%	$2.62

HCC Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.8M-99.9%	$2.6B+9.9%	$2.4B+16.2%	$2.0B+38.5%	$1.5B+5.0%	$1.4B
Current Assets	$820K-99.9%	$887.1M-17.0%	$1.1B-8.9%	$1.2B+87.0%	$627.2M+34.2%	$467.5M
Cash & Equivalents	$300K-99.9%	$491.5M-33.4%	$738.2M-11.0%	$829.5M+109.5%	$395.8M+86.8%	$211.9M
Inventory	$236K-99.9%	$207.6M+12.9%	$183.9M+19.4%	$154.0M+158.4%	$59.6M-49.8%	$118.7M
Accounts Receivable	$182K-99.9%	$140.9M+43.4%	$98.2M-35.3%	$151.8M+24.3%	$122.2M+46.6%	$83.3M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$642K-99.9%	$500.7M+3.7%	$482.6M-16.9%	$580.6M-2.0%	$592.2M-11.4%	$668.7M
Current Liabilities	$257K-99.8%	$170.4M+15.4%	$147.7M-3.6%	$153.1M+25.4%	$122.1M-28.3%	$170.3M
Long-Term Debt	$154K-99.9%	$153.6M+0.4%	$153.0M-49.4%	$302.6M-11.0%	$339.8M-10.6%	$379.9M
Total Equity	$2.1M-99.9%	$2.1B+11.5%	$1.9B+29.5%	$1.4B+66.0%	$872.0M+20.2%	$725.2M
Retained Earnings	$1.9M-99.9%	$1.9B+12.5%	$1.6B+34.0%	$1.2B+84.3%	$666.0M+26.7%	$525.5M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$2.8B+3.8%	$2.7B+1.4%	$2.6B+0.8%	$2.6B+1.2%	$2.6B+0.4%	$2.6B+0.8%	$2.6B+3.3%	$2.5B
Current Assets	$820.3M+2.3%	$802.0M-5.9%	$852.7M-4.8%	$895.5M+1.0%	$887.1M-8.8%	$972.1M-12.4%	$1.1B-0.8%	$1.1B
Cash & Equivalents	$300.0M-10.8%	$336.3M-12.3%	$383.3M-15.8%	$454.9M-7.4%	$491.5M-15.7%	$583.2M-17.8%	$709.0M+2.2%	$693.9M
Inventory	$235.9M+7.7%	$219.1M+1.9%	$214.9M+8.7%	$197.6M-4.8%	$207.6M+8.5%	$191.3M+10.0%	$173.9M+5.0%	$165.7M
Accounts Receivable	$181.6M+27.9%	$142.0M-15.2%	$167.5M-2.3%	$171.5M+21.7%	$140.9M-7.7%	$152.6M-16.5%	$182.7M-14.4%	$213.4M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$642.4M+13.7%	$564.8M-0.1%	$565.1M+3.3%	$547.1M+9.3%	$500.7M+1.4%	$493.6M-3.7%	$512.5M+2.4%	$500.4M
Current Liabilities	$257.0M+32.2%	$194.3M+4.7%	$185.6M+6.5%	$174.4M+2.3%	$170.4M+1.9%	$167.3M-4.0%	$174.3M+6.9%	$163.0M
Long-Term Debt	$154.3M+0.1%	$154.1M+0.1%	$153.9M+0.1%	$153.8M+0.1%	$153.6M+0.1%	$153.5M+0.1%	$153.3M+0.1%	$153.2M
Total Equity	$2.1B+1.1%	$2.1B+1.8%	$2.1B+0.2%	$2.1B-0.7%	$2.1B+0.2%	$2.1B+1.9%	$2.0B+3.5%	$2.0B
Retained Earnings	$1.9B+1.0%	$1.9B+1.8%	$1.8B+0.1%	$1.8B-0.7%	$1.9B-0.2%	$1.9B+2.1%	$1.8B+3.7%	$1.8B

HCC Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$229K-99.9%	$367.4M-47.6%	$701.1M-16.7%	$841.9M+139.5%	$351.5M+212.1%	$112.6M
Capital Expenditures	N/A	N/A	N/A	$205.2M+254.5%	$57.9M-33.8%	$87.5M
Free Cash Flow	N/A	N/A	N/A	$636.7M+116.8%	$293.6M+1068.2%	$25.1M
Investing Cash Flow	$405K+100.1%	-$538.0M-2.0%	-$527.2M-106.6%	-$255.1M-258.6%	-$71.1M+34.2%	-$108.2M
Financing Cash Flow	$15K+100.0%	-$68.5M+74.2%	-$265.2M-73.2%	-$153.1M-58.7%	-$96.5M-784.4%	$14.1M
Dividends Paid	$18K-100.0%	$43.8M-28.2%	$61.1M-23.3%	$79.7M+662.0%	$10.5M+0.6%	$10.4M
Share Buybacks	N/A	N/A	N/A	N/A	$0	$0

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$76.1M-27.3%	$104.7M+178.8%	$37.5M+243.9%	$10.9M-79.9%	$54.2M-12.9%	$62.2M-57.7%	$147.0M+41.2%	$104.1M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$99.2M+25.9%	-$133.8M-41.9%	-$94.3M-21.3%	-$77.8M+45.3%	-$142.2M+17.6%	-$172.5M-41.8%	-$121.6M-19.6%	-$101.7M
Financing Cash Flow	-$13.1M+26.1%	-$17.8M-19.8%	-$14.8M-148.9%	$30.3M+960.1%	-$3.5M+56.4%	-$8.1M+20.6%	-$10.2M+78.2%	-$46.7M
Dividends Paid	$4.2M0.0%	$4.2M-0.4%	$4.2M-18.5%	$5.2M+54.8%	$3.3M-20.3%	$4.2M0.0%	$4.2M-86.3%	$30.6M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

HCC Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	-537.2%-571.2pp	34.0%-11.8pp	45.7%-13.4pp	59.1%+11.5pp	47.7%+27.5pp	20.1%
Operating Margin	29.6%+12.9pp	16.7%-15.6pp	32.3%-13.8pp	46.1%+23.1pp	23.0%+26.5pp	-3.5%
Net Margin	37.0%+20.5pp	16.4%-12.1pp	28.5%-8.3pp	36.9%+22.6pp	14.2%+18.8pp	-4.6%
Return on Equity	2.7%-9.3pp	12.0%-13.5pp	25.5%-18.8pp	44.3%+27.0pp	17.3%	N/A
Return on Assets	2.1%-7.6pp	9.7%-10.6pp	20.3%-11.3pp	31.6%+21.3pp	10.3%+12.9pp	-2.6%
Current Ratio	3.19-2.0	5.20-2.0	7.24-0.4	7.66+2.5	5.14+2.4	2.74
Debt-to-Equity	0.070.0	0.070.0	0.08-0.1	0.21-0.2	0.39-0.1	0.52
FCF Margin	N/A	N/A	N/A	36.6%+8.9pp	27.7%+24.5pp	3.2%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	29.5%+2.4pp	27.1%+3.2pp	23.9%+5.8pp	18.1%-5.0pp	23.1%-6.3pp	29.3%-4.8pp	34.1%-9.2pp	43.3%
Operating Margin	9.0%+2.7pp	6.3%+3.7pp	2.6%+8.4pp	-5.8%-4.4pp	-1.4%-13.4pp	11.9%-5.9pp	17.9%-11.7pp	29.6%
Net Margin	6.0%-5.2pp	11.1%+9.3pp	1.9%+4.6pp	-2.7%-3.1pp	0.4%-12.4pp	12.7%-5.1pp	17.8%-9.4pp	27.2%
Return on Equity	1.1%-0.7pp	1.7%+1.5pp	0.3%	N/A	0.1%-1.9pp	2.0%-1.5pp	3.5%-3.5pp	6.9%
Return on Assets	0.8%-0.5pp	1.4%+1.1pp	0.2%+0.5pp	-0.3%-0.4pp	0.0%-1.6pp	1.6%-1.1pp	2.8%-2.8pp	5.5%
Current Ratio	3.19-0.9	4.13-0.5	4.59-0.5	5.14-0.1	5.20-0.6	5.81-0.6	6.37-0.5	6.86
Debt-to-Equity	0.070.0	0.070.0	0.070.0	0.070.0	0.070.0	0.070.0	0.070.0	0.08
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Warrior Met Coal's annual revenue?

Warrior Met Coal (HCC) reported $154K in total revenue for fiscal year 2025. This represents a -100.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Warrior Met Coal's revenue growing?

Warrior Met Coal (HCC) revenue declined by 100% year-over-year, from $1.5B to $154K in fiscal year 2025.

Is Warrior Met Coal profitable?

Yes, Warrior Met Coal (HCC) reported a net income of $57K in fiscal year 2025, with a net profit margin of 37.0%.

What is Warrior Met Coal's earnings per share (EPS)?

Warrior Met Coal (HCC) reported diluted earnings per share of $1.08 for fiscal year 2025. This represents a -77.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Warrior Met Coal's EBITDA?

Warrior Met Coal (HCC) had EBITDA of $234K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Warrior Met Coal have?

As of fiscal year 2025, Warrior Met Coal (HCC) had $300K in cash and equivalents against $154K in long-term debt.

What is Warrior Met Coal's gross margin?

Warrior Met Coal (HCC) had a gross margin of -537.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Warrior Met Coal's operating margin?

Warrior Met Coal (HCC) had an operating margin of 29.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Warrior Met Coal's net profit margin?

Warrior Met Coal (HCC) had a net profit margin of 37.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Warrior Met Coal pay dividends?

Yes, Warrior Met Coal (HCC) paid $1.16 per share in dividends during fiscal year 2025.

What is Warrior Met Coal's return on equity (ROE)?

Warrior Met Coal (HCC) has a return on equity of 2.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Warrior Met Coal's operating cash flow?

Warrior Met Coal (HCC) generated $229K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Warrior Met Coal's total assets?

Warrior Met Coal (HCC) had $2.8M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Warrior Met Coal have outstanding?

Warrior Met Coal (HCC) had 53M shares outstanding as of fiscal year 2025.

What is Warrior Met Coal's current ratio?

Warrior Met Coal (HCC) had a current ratio of 3.19 as of fiscal year 2025, which is generally considered healthy.

What is Warrior Met Coal's debt-to-equity ratio?

Warrior Met Coal (HCC) had a debt-to-equity ratio of 0.07 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Warrior Met Coal's return on assets (ROA)?

Warrior Met Coal (HCC) had a return on assets of 2.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Warrior Met Coal's Altman Z-Score?

Warrior Met Coal (HCC) has an Altman Z-Score of 4237.59, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Warrior Met Coal's Piotroski F-Score?

Warrior Met Coal (HCC) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Warrior Met Coal's earnings high quality?

Warrior Met Coal (HCC) has an earnings quality ratio of 4.02x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Warrior Met Coal cover its interest payments?

Warrior Met Coal (HCC) has an interest coverage ratio of 4.7x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Warrior Met Coal?

Warrior Met Coal (HCC) scores 62 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.