What is Ramaco Resources, Inc.'s earnings per share (EPS)?

Ramaco Resources, Inc. (METC) reported diluted earnings per share of -$0.99 for fiscal year 2025. 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.

Ramaco Resources, Inc. (METC) Financials

METC

Trailing 12 months to June 30, 2026

Revenue $515.4M -17.7% YoY

Net Income -$61.7M -211.7% YoY

EPS (Diluted) -$0.99 FY2025 annual

Operating Cash Flow -$42.2M -156.4% YoY

Market Cap $636.4M as of Sep 15, 2026

Price / Sales 1.2x on $515.4M revenue, trailing 12 months to June 30, 2026

Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026

Price / Book 1.7x on $376.1M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 15, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 5, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the METC SEC filings page.

Ramaco Resources, Inc. (METC) reported $515.4M in revenue over the twelve months to Jun 30, 2026, down 17.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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).

Rhea AI METC FY2025 2026-08-29

Debt-financed balance-sheet expansion now coincides with sharply weaker earnings and poor cash conversion.

From FY2024 to FY2025, revenue fell to $536.6M while gross margin compressed from 20.0% to 15.5%, showing that the downturn reached the unit economics rather than merely slowing volume. Yet total assets expanded to $1.14B as long-term debt reached $467.6M, indicating that balance-sheet growth followed, rather than funded, the recent earnings strength.

FY2025 EBITDA was only $12.2M, while operating cash flow was $2.0M; the gap means depreciation-heavy reported operating capacity did not translate into meaningful cash generation. Operating cash flow had been $112.7M in FY2024, so the change reflects a major deterioration in earnings quality rather than a stable conversion pattern.

The 5.5x current ratio looks unusually high because current assets rose to $597.6M while current liabilities were $109.5M, but that liquidity profile sits alongside materially higher leverage. A $489.0M financing cash inflow and $467.6M of long-term debt show that the enlarged balance sheet was primarily assembled through external financing, not accumulated operating profits.

Financial Health Signals

Financial Health Score 44/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Ramaco Resources, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Ramaco Resources, Inc. has an operating margin of -10.4%, meaning the company loses $10 on every $100 of revenue. This results in a profitability score of 30/100. This is down from 2.5% the prior year.

Growth

Ramaco Resources, Inc.'s revenue declined 19.5% year-over-year, from $666.3M to $536.6M. This contraction results in a growth score of 8/100.

Leverage

Ramaco Resources, Inc. has elevated debt relative to equity (D/E of 0.97), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 29/100, reflecting increased financial risk.

Liquidity

With a current ratio of 5.46, Ramaco Resources, Inc. holds $5.46 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 93/100.

Cash Flow

Returns

Ramaco Resources, Inc. posts a -10.6% return on equity (ROE), meaning it loses $11 for every $100 of shareholders' equity. This results in a returns score of 36/100. This is down from 3.1% the prior year.

Altman Z-Score Distress

1.40

Ramaco Resources, Inc. scores 1.40, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

3/8

Ramaco Resources, Inc. passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

N/A

Ramaco Resources, Inc. reported a net loss of $51.4M while generating $2.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

Ramaco Resources, Inc. reported an operating loss of $56.0M against $7.8M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$144.8M

YoY-5.3%

QoQ+19.1%

5Y CAGR+13.7%

Ramaco Resources, Inc. generated $144.8M in revenue in Q2 2026. This represents a decrease of 5.3% from the same quarter a year earlier. Against the prior quarter it is up 19.1%.

EBITDA

-$1.4M

YoY-145.0%

QoQ+81.3%

Ramaco Resources, Inc.'s EBITDA was -$1.4M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 145.0% from the same quarter a year earlier. Against the prior quarter it is up 81.3%.

Net Income

-$15.4M

YoY-10.3%

QoQ+15.9%

Ramaco Resources, Inc. reported -$15.4M in net income in Q2 2026. This represents a decrease of 10.3% from the same quarter a year earlier. Against the prior quarter it is up 15.9%.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt

$282.5M

YoY+904.4%

QoQ-20.5%

5Y CAGR+70.9%

10Y CAGR+100.1%

Ramaco Resources, Inc. held $282.5M in cash as of Q2 2026; long-term debt is not reported for that period.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Shares Outstanding

Not reported for Q2 2026.

Margins & Returns

Gross Margin

11.5%

YoY-0.8pp

QoQ+0.7pp

5Y change-12.6pp

Ramaco Resources, Inc.'s gross margin was 11.5% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.7 percentage points.

Operating Margin

-12.6%

YoY-3.6pp

QoQ+7.4pp

5Y change-21.8pp

Ramaco Resources, Inc.'s operating margin was -12.6% in Q2 2026, reflecting core business profitability. This is down 3.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.4 percentage points.

Net Margin

-10.7%

YoY-1.5pp

QoQ+4.4pp

5Y change-23.7pp

Ramaco Resources, Inc.'s net profit margin was -10.7% in Q2 2026, showing the share of revenue converted to profit. This is down 1.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.4 percentage points.

Return on Equity

-4.1%

YoY-0.1pp

QoQ+0.1pp

5Y change-9.5pp

Ramaco Resources, Inc.'s ROE was -4.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.

Capital Allocation

Share Buybacks

$54.0M

QoQ+352.7%

Ramaco Resources, Inc. spent $54.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is up 352.7%.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

METC Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

METC quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Revenue	$515.4M	$536.6M-19.5%	$666.3M-3.9%	$693.5M+22.6%	$565.7M+99.6%	$283.4M+67.8%	$168.9M0.0%	$168.9M-25.8%	$227.6M+272.9%	$61.0M+1070.2%	$5.2M	N/A
Cost of Revenue	$441.8M	$453.4M-15.0%	$533.3M+8.0%	$493.8M+48.3%	$333.0M+70.4%	$195.4M+34.3%	$145.5M-10.4%	$162.5M-8.0%	$176.6M+191.7%	$60.5M+3270.1%	$1.8M	N/A
Gross Profit	$73.7M	$83.2M-37.4%	$133.0M-33.4%	$199.7M-14.2%	$232.7M+164.5%	$88.0M+275.8%	$23.4M+263.3%	$6.4M-87.4%	$51.0M+9806.6%	$515K-84.9%	$3.4M	N/A
SG&A Expenses	$77.4M	$69.4M+40.7%	$49.3M+0.9%	$48.8M+22.0%	$40.0M+85.1%	$21.6M+2.9%	$21.0M+15.6%	$18.2M+29.8%	$14.0M+11.2%	$12.6M+69.0%	$7.5M+711.5%	$918K
Operating Income	-$72.6M	-$56.0M-436.4%	$16.6M-82.5%	$95.2M-36.7%	$150.4M+280.4%	$39.5M+307.1%	-$19.1M-164.7%	$29.5M+22.6%	$24.1M+251.6%	-$15.9M-111.1%	-$7.5M-222.7%	-$2.3M
EBITDA	N/A	$12.2M-85.2%	$82.3M-45.0%	$149.5M-22.0%	$191.6M+191.4%	$65.7M+3514.0%	$1.8M-96.3%	$49.1M+34.3%	$36.5M+386.7%	-$12.7M-75.0%	-$7.3M	N/A
Interest Expense	-$4.6M	-$7.8M-27.5%	-$6.1M+31.2%	-$8.9M	N/A	$2.6M+108.8%	$1.2M+2.6%	$1.2M-16.4%	$1.4M+6104.3%	$23K-81.5%	$124K+6351.6%	$2K
Income Tax	-$14.4M	-$10.7M-386.9%	$3.7M-83.3%	$22.4M-26.0%	$30.2M+549.9%	$4.6M+233.4%	-$3.5M-167.5%	$5.2M+4469.0%	$113K	$0	$0	$0
Net Income	-$61.7M	-$51.4M-559.7%	$11.2M-86.4%	$82.3M-29.0%	$116.0M+191.5%	$39.8M+911.1%	-$4.9M-119.7%	$24.9M-0.6%	$25.1M+262.6%	-$15.4M-105.1%	-$7.5M-221.8%	-$2.3M
EPS (Basic)	N/A	-$0.99-1000.0%	$0.11-93.8%	$1.77-32.7%	$2.63+192.2%	$0.90+850.0%	-$0.12-119.7%	$0.61-3.2%	$0.63+253.7%	-$0.41	N/A	N/A
EPS (Diluted)	—	-$0.99	$0.11	$1.73-33.5%	$2.60+188.9%	$0.90+850.0%	-$0.12-119.7%	$0.61-1.6%	$0.62+251.2%	-$0.41	N/A	N/A
Diluted Shares (Avg)	N/A	N/A	N/A	N/A	45M+1.0%	44M+4.2%	42M+4.0%	41M+1.4%	40M+7.1%	38M	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$144.8M-5.3%	$121.6M-9.7%	$128.0M-25.1%	$121.0M-27.7%	$153.0M-1.5%	$134.7M-22.0%	$170.9M-15.7%	$167.4M-10.5%
Cost of Revenue	$128.2M-4.5%	$108.5M-4.9%	$103.2M-24.1%	$101.8M-24.4%	$134.2M+9.3%	$114.1M-18.3%	$136.1M-2.4%	$134.7M-6.8%
Gross Profit	$16.6M-11.5%	$13.1M-36.2%	$24.8M-28.8%	$19.2M-41.4%	$18.8M-42.3%	$20.5M-37.7%	$34.8M-45.0%	$32.7M-22.8%
SG&A Expenses	$17.6M+15.8%	$20.3M+38.9%	$23.4M+106.4%	$16.1M+24.9%	$15.2M+39.3%	$14.6M+3.5%	$11.4M+0.4%	$12.9M+12.8%
Operating Income	-$18.2M-31.8%	-$24.3M-102.2%	-$15.6M-345.7%	-$14.5M-1008.5%	-$13.8M-355.7%	-$12.0M-467.1%	$6.4M-82.9%	$1.6M-90.1%
EBITDA	-$1.4M-145.0%	-$7.7M-239.3%	$876K-96.2%	$2.6M-86.6%	$3.2M-85.0%	$5.5M-70.2%	$23.1M-55.4%	$19.4M-36.4%
Interest Expense	-$1.5M+46.1%	-$334K+85.0%	-$5.0M+52.9%	$2.3M+32.7%	-$2.8M-290.3%	-$2.2M-267.4%	-$10.6M+34.3%	$1.7M-30.7%
Income Tax	-$4.2M-105.1%	-$5.8M-36.0%	-$1.1M-148.6%	-$3.3M-5508.2%	-$2.0M-321.9%	-$4.3M-894.4%	$2.2M-74.9%	$61K-98.9%
Net Income	-$15.4M-10.3%	-$18.3M-93.7%	-$14.7M-481.2%	-$13.3M-5468.2%	-$14.0M-352.2%	-$9.5M-565.4%	$3.9M-87.2%	-$239K-101.2%
EPS (Basic)	N/A	N/A	N/A	N/A	N/A	N/A	$0.06-90.3%	-$0.03-107.3%
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	$0.06-89.8%	-$0.03

Not reported in any period shown, so not listed: R&D Expenses, Diluted Shares (Avg).

METC Balance Sheet

METC quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Total Assets	$1.1B+69.1%	$674.7M+1.3%	$665.8M+11.7%	$596.3M+81.2%	$329.0M+43.9%	$228.6M+0.8%	$226.8M+20.5%	$188.2M+27.1%	$148.1M+24.2%	$119.2M	N/A
Current Assets	$597.6M+256.5%	$167.6M-11.7%	$189.7M+28.6%	$147.5M+70.0%	$86.8M+104.1%	$42.5M-4.1%	$44.3M+26.6%	$35.0M+18.9%	$29.5M-53.4%	$63.3M	N/A
Cash & Equivalents	$440.3M+1234.0%	$33.0M-21.3%	$42.0M+17.8%	$35.6M+62.7%	$21.9M+313.0%	$5.3M-4.2%	$5.5M-20.4%	$7.0M+17.1%	$5.9M+14.2%	$5.2M+422.8%	$994K
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$5.2M-90.6%	$55.2M	$0
Inventory	$87.2M+101.0%	$43.4M+16.7%	$37.2M-17.4%	$45.0M+184.8%	$15.8M+32.2%	$11.9M-21.7%	$15.3M+7.6%	$14.2M+41.0%	$10.1M+562.3%	$1.5M	N/A
Accounts Receivable	$54.4M-26.1%	$73.6M-24.0%	$96.9M+135.3%	$41.2M-7.4%	$44.5M+119.0%	$20.3M+5.4%	$19.3M+79.5%	$10.7M+49.7%	$7.2M+683.4%	$915K	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$5.2M	$0
Total Liabilities	$657.0M+110.7%	$311.9M+5.3%	$296.2M+3.2%	$287.1M+143.4%	$118.0M+98.2%	$59.5M+4.9%	$56.7M+20.4%	$47.1M+35.8%	$34.7M-72.1%	$124.2M	N/A
Current Liabilities	$109.5M-10.6%	$122.4M-28.0%	$170.0M+4.4%	$162.8M+249.0%	$46.7M+60.3%	$29.1M+10.2%	$26.4M-11.5%	$29.8M+33.1%	$22.4M+46.0%	$15.4M	N/A
Non-Current Liabilities	$547.5M+189.0%	$189.5M+50.1%	$126.2M+1.6%	$124.3M+74.3%	$71.3M+134.4%	$30.4M+0.3%	$30.3M+75.4%	$17.3M+40.8%	$12.3M-88.7%	$108.8M	N/A
Long-Term Debt	$467.6M+820173.7%	$57K-83.7%	$349K-98.1%	$18.8M+461.8%	$3.3M-73.5%	$12.6M+30.8%	$9.6M+114.9%	$4.5M	N/A	N/A	N/A
Total Equity	$483.6M+33.3%	$362.8M-1.8%	$369.6M+19.5%	$309.2M+46.5%	$211.1M+24.8%	$169.1M-0.6%	$170.1M+20.5%	$141.1M+24.4%	$113.4M+2374.8%	-$5.0M-174.8%	$6.7M
Retained Earnings	-$311K-100.4%	$69.5M-24.4%	$91.9M-34.3%	$140.0M+197.5%	$47.1M+379.8%	$9.8M-33.3%	$14.7M+244.0%	-$10.2M+71.0%	-$35.3M-93.4%	-$18.3M	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$1.0B+51.9%	$1.1B+59.2%	$1.1B+69.1%	$849.7M+31.6%	$674.6M+2.3%	$685.7M+1.7%	$674.7M+1.3%	$645.4M-0.2%
Current Assets	$460.6M+197.4%	$542.7M+231.0%	$597.6M+256.5%	$328.7M+124.1%	$154.9M-3.6%	$164.0M-10.2%	$167.6M-11.7%	$146.7M-13.3%
Cash & Equivalents	$282.5M+904.4%	$355.2M+717.2%	$440.3M+1234.0%	$193.8M+747.8%	$28.1M+2.0%	$43.5M+42.5%	$33.0M-21.3%	$22.9M-46.7%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$100.4M+69.2%	$105.5M+88.1%	$87.2M+101.0%	$81.6M+53.8%	$59.3M+13.2%	$56.1M+36.0%	$43.4M+16.7%	$53.1M+5.6%
Accounts Receivable	$60.7M+8.6%	$66.3M+27.3%	$54.4M-26.1%	$43.6M-30.7%	$55.9M-19.6%	$52.1M-49.7%	$73.6M-24.0%	$62.9M-1.1%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$648.6M+98.2%	$654.6M+98.1%	$657.0M+110.7%	$322.7M+13.8%	$327.2M+11.6%	$330.5M+9.5%	$311.9M+5.3%	$283.6M-3.6%
Current Liabilities	$108.8M-4.3%	$111.2M-10.6%	$109.5M-10.6%	$110.6M+1.6%	$113.8M-5.8%	$124.4M-16.2%	$122.4M-28.0%	$108.8M-23.7%
Non-Current Liabilities	$539.8M+152.9%	$543.3M+163.6%	$547.5M+189.0%	$212.2M+21.4%	$213.4M+23.8%	$206.1M+34.5%	$189.5M+50.1%	$174.8M+15.3%
Long-Term Debt	N/A	N/A	$467.6M+820173.7%	$116.3M+169.6%	N/A	N/A	$57K-83.7%	$43.1M+26.3%
Total Equity	$376.1M+8.2%	$437.0M+23.0%	$483.6M+33.3%	$526.9M+45.6%	$347.4M-5.1%	$355.2M-4.6%	$362.8M-1.8%	$361.8M+2.6%
Retained Earnings	-$34.0M-204.6%	-$18.6M-138.5%	-$311K-100.4%	$17.1M-78.7%	$32.6M-63.4%	$48.4M-47.3%	$69.5M-24.4%	$80.2M+5.4%

Not reported in any period shown, so not listed: Goodwill.

METC Cash Flow Statement

METC quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Operating Cash Flow	-$42.2M	$2.0M-98.3%	$112.7M-30.0%	$161.0M-14.3%	$187.9M+252.2%	$53.3M+300.7%	$13.3M-68.6%	$42.4M+17.1%	$36.2M+527.2%	-$8.5M-119.3%	-$3.9M-101.5%	-$1.9M
Depreciation & Amortization	N/A	$68.2M+3.9%	$65.6M+20.9%	$54.3M+31.7%	$41.2M+57.2%	$26.2M+25.3%	$20.9M+7.1%	$19.5M+57.1%	$12.4M+293.9%	$3.2M+1151.6%	$252K	N/A
Stock-Based Compensation	N/A	$17.6M+0.6%	$17.5M+35.3%	$12.9M+57.4%	$8.2M+55.9%	$5.3M+27.1%	$4.1M+2.0%	$4.1M+53.9%	$2.6M-6.5%	$2.8M+843.1%	$299K	N/A
Capital Expenditures	N/A	N/A	N/A	$82.9M-32.6%	$123.0M+317.5%	$29.5M+19.0%	$24.8M-45.9%	$45.7M-5.0%	$48.1M-35.9%	$75.0M+348.7%	$16.7M+244.9%	$4.8M
Free Cash Flow	N/A	N/A	N/A	$78.1M+20.5%	$64.9M+171.7%	$23.9M+308.7%	-$11.4M-242.5%	-$3.3M+72.1%	-$12.0M+85.7%	-$83.5M-305.7%	-$20.6M-204.3%	-$6.8M
Investing Cash Flow	-$91.7M	-$83.7M-18.1%	-$70.8M+1.9%	-$72.2M+50.4%	-$145.7M-144.4%	-$59.6M-140.8%	-$24.8M+45.9%	-$45.7M-6.5%	-$42.9M-116.8%	-$19.8M+74.4%	-$77.5M-2136.4%	-$3.5M
Financing Cash Flow	$388.3M	$489.0M+1062.9%	-$50.8M+38.5%	-$82.5M-189.6%	-$28.5M-227.4%	$22.4M+98.2%	$11.3M+299.5%	$2.8M-64.3%	$7.9M-73.0%	$29.3M-65.8%	$85.5M+1241.9%	$6.4M
Dividends Paid	N/A	$4.3M-82.4%	$24.6M-4.7%	$25.8M+28.8%	$20.0M+0.2%	$20.0M	N/A	N/A	N/A	$0	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.8M	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$12.2M+385.8%	-$34.6M-232.9%	-$18.4M-217.1%	-$1.4M-103.9%	-$4.3M-112.4%	$26.0M+3.4%	$15.7M-62.3%	$37.4M-46.5%
Depreciation & Amortization	$16.8M-1.3%	$16.6M-5.3%	$16.5M-1.3%	$17.1M-4.0%	$17.0M+7.3%	$17.5M+15.3%	$16.7M+16.0%	$17.8M+23.3%
Stock-Based Compensation	$5.9M+22.9%	$4.9M+46.0%	N/A	$4.7M+17.5%	$4.8M+4.3%	$3.4M-28.5%	N/A	$4.0M+25.0%
Investing Cash Flow	-$27.4M-94.1%	-$17.0M+23.5%	-$27.5M-116.1%	-$19.8M-9.2%	-$14.1M+33.9%	-$22.3M-19.2%	-$12.7M+11.9%	-$18.1M-30.1%
Financing Cash Flow	-$57.5M-2001.5%	-$33.5M-602.3%	$292.4M+3966.2%	$186.9M+879.9%	$3.0M+118.9%	$6.7M+137.1%	$7.2M+125.6%	-$24.0M+48.9%
Dividends Paid	N/A	N/A	$0-100.0%	$0-100.0%	$1.9M-77.2%	$2.5M-70.2%	$128K-98.4%	$8.0M+14.8%
Share Buybacks	$54.0M	$11.9M	N/A	N/A	N/A	N/A	N/A	N/A

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

METC Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

METC quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Gross Margin	15.5%-4.5pp	20.0%-8.8pp	28.8%-12.3pp	41.1%+10.1pp	31.1%+17.2pp	13.9%+10.0pp	3.8%-18.6pp	22.4%+21.6pp	0.8%-64.7pp	65.6%	N/A
Operating Margin	-10.4%-12.9pp	2.5%-11.2pp	13.7%-12.8pp	26.6%+12.6pp	14.0%+25.3pp	-11.3%-28.8pp	17.5%+6.9pp	10.6%+36.6pp	-26.0%	-144.4%	N/A
Net Margin	-9.6%-11.3pp	1.7%-10.2pp	11.9%-8.6pp	20.5%+6.5pp	14.0%+16.9pp	-2.9%-17.7pp	14.8%+3.7pp	11.0%+36.3pp	-25.3%	-144.1%	N/A
Return on Equity	-10.6%-13.7pp	3.1%-19.2pp	22.3%-15.2pp	37.5%+18.7pp	18.9%+21.8pp	-2.9%-17.6pp	14.7%-3.1pp	17.8%+31.4pp	-13.6%	N/A	-35.1%
Return on Assets	-4.5%-6.2pp	1.7%-10.7pp	12.4%-7.1pp	19.4%+7.4pp	12.1%+14.2pp	-2.1%-13.1pp	11.0%-2.3pp	13.3%+23.7pp	-10.4%-4.1pp	-6.3%	N/A
Current Ratio	5.46+4.1x	1.37+0.3x	1.12+0.2x	0.91-1.0x	1.86+0.4x	1.46-0.2x	1.68+0.5x	1.17-0.1x	1.31-2.8x	4.12	N/A
Debt-to-Equity	0.97+1.0x	0.000.0x	0.00-0.1x	0.060.0x	0.02-0.1x	0.070.0x	0.060.0x	0.03-0.3x	0.31	N/A	N/A
Asset Turnover	0.47-0.5x	0.99-0.1x	1.04+0.1x	0.95+0.1x	0.86+0.1x	0.740.0x	0.74-0.5x	1.21+0.8x	0.41+0.4x	0.04	N/A
FCF Margin	N/A	N/A	11.3%-0.2pp	11.5%+3.0pp	8.4%+15.2pp	-6.8%-4.8pp	-2.0%+3.3pp	-5.3%	-136.8%	-394.6%	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	11.5%-0.8pp	10.8%-4.5pp	19.4%-1.0pp	15.8%-3.7pp	12.3%-8.7pp	15.2%-3.8pp	20.4%-10.9pp	19.5%-3.1pp
Operating Margin	-12.6%-3.6pp	-20.0%-11.1pp	-12.2%-15.9pp	-12.0%-12.9pp	-9.0%-12.5pp	-8.9%-10.8pp	3.7%-14.7pp	0.9%-7.6pp
Net Margin	-10.7%-1.5pp	-15.1%-8.0pp	-11.5%-13.8pp	-11.0%-10.9pp	-9.1%-12.7pp	-7.0%-8.2pp	2.3%-12.6pp	-0.1%-10.5pp
Return on Equity	-4.1%-0.1pp	-4.2%-1.5pp	-3.0%-4.1pp	-2.5%-2.5pp	-4.0%-5.5pp	-2.7%-3.2pp	1.1%-7.1pp	-0.1%-5.6pp
Return on Assets	-1.5%+0.6pp	-1.7%-0.3pp	-1.3%-1.9pp	-1.6%-1.5pp	-2.1%-2.9pp	-1.4%-1.7pp	0.6%-3.9pp	0.0%-3.0pp
Current Ratio	4.23+2.9x	4.88+3.6x	5.46+4.1x	2.97+1.6x	1.360.0x	1.32+0.1x	1.37+0.3x	1.35+0.2x
Debt-to-Equity	1.72+0.8x	1.50+0.6x	0.97+1.0x	0.22+0.1x	0.94+0.8x	0.93+0.9x	0.000.0x	0.120.0x
Asset Turnover	0.14-0.1x	0.11-0.1x	0.11-0.1x	0.14-0.1x	0.230.0x	0.20-0.1x	0.25-0.1x	0.260.0x

Not reported in any period shown, so not listed: FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Ramaco Resources, Inc. METC	FY2025	$536.6M	-$51.4M	-9.6%	$636.4M	44/100
Ramaco Resources, Inc. METCB	FY2025	$536.6M	-$51.4M	-9.6%	$379.7M	44/100
Alpha Metallurgical Resources, Inc. AMR	FY2025	$2.1B	-$61.7M	-2.9%	$2.7B	59/100
SUNCOKE ENERGY INC SXC	FY2025	$1.8B	-$44.2M	-2.4%	$850.4M	35/100
Warrior Met Coal, Inc. HCC	FY2025	$1.3B	$57.0M	4.3%	$5.2B	51/100
AMERICAN RESOURCES CORP AREC	FY2025	$0	$55.4M	N/A	$228.9M	—

Where Ramaco Resources, Inc. Ranks

Frequently Asked Questions

What is Ramaco Resources, Inc.'s annual revenue?

Ramaco Resources, Inc. (METC) reported $536.6M in total revenue for fiscal year 2025. This represents a -19.5% 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 Ramaco Resources, Inc.'s revenue growing?

Ramaco Resources, Inc. (METC) revenue declined by 19.5% year-over-year, from $666.3M to $536.6M in fiscal year 2025.

Is Ramaco Resources, Inc. profitable?

No, Ramaco Resources, Inc. (METC) reported a net income of -$51.4M in fiscal year 2025, with a net profit margin of -9.6%.

What is Ramaco Resources, Inc.'s EBITDA?

Ramaco Resources, Inc. (METC) had EBITDA of $12.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Ramaco Resources, Inc. have?

As of fiscal year 2025, Ramaco Resources, Inc. (METC) had $440.3M in cash and equivalents against $467.6M in long-term debt.

What is Ramaco Resources, Inc.'s gross margin?

Ramaco Resources, Inc. (METC) had a gross margin of 15.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Ramaco Resources, Inc.'s operating margin?

Ramaco Resources, Inc. (METC) had an operating margin of -10.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Ramaco Resources, Inc.'s net profit margin?

Ramaco Resources, Inc. (METC) had a net profit margin of -9.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Ramaco Resources, Inc.'s return on equity (ROE)?

Ramaco Resources, Inc. (METC) has a return on equity of -10.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Ramaco Resources, Inc.'s operating cash flow?

Ramaco Resources, Inc. (METC) generated $2.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Ramaco Resources, Inc.'s total assets?

Ramaco Resources, Inc. (METC) had $1.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What is Ramaco Resources, Inc.'s current ratio?

Ramaco Resources, Inc. (METC) had a current ratio of 5.46 as of fiscal year 2025, which is generally considered healthy.

What is Ramaco Resources, Inc.'s debt-to-equity ratio?

Ramaco Resources, Inc. (METC) had a debt-to-equity ratio of 0.97 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Ramaco Resources, Inc.'s return on assets (ROA)?

Ramaco Resources, Inc. (METC) had a return on assets of -4.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Ramaco Resources, Inc.'s P/E ratio?

Ramaco Resources, Inc. (METC) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $636.4M as of Sep 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Ramaco Resources, Inc.'s price-to-sales ratio?

Ramaco Resources, Inc. (METC) trades at 1.2x sales, its market capitalization divided by revenue of $515.4M revenue, trailing 12 months to June 30, 2026. The market capitalization is $636.4M as of Sep 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Ramaco Resources, Inc.'s Altman Z-Score?

Ramaco Resources, Inc. (METC) has an Altman Z-Score of 1.40, placing it in the Distress Zone (elevated 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 Ramaco Resources, Inc.'s Piotroski F-Score?

Ramaco Resources, Inc. (METC) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Ramaco Resources, Inc.'s earnings high quality?

Ramaco Resources, Inc. (METC) reported a net loss of $51.4M while generating $2.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 Ramaco Resources, Inc. cover its interest payments?

Ramaco Resources, Inc. (METC) reported an operating loss of $56.0M against $7.8M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 Ramaco Resources, Inc.?

Ramaco Resources, Inc. (METC) scores 44 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.