Ramaco Resources, Inc. Financials
This page shows Ramaco Resources, Inc. (METCI) financial statements, including the 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).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Ramaco Resources, Inc. has an operating margin of -10.4%, meaning the company retains $-10 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 2.5% the prior year.
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 0/100.
Ramaco Resources, Inc. carries a low D/E ratio of 0.97, meaning only $0.97 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 75/100, indicating a strong balance sheet with room for future borrowing.
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 100/100.
Ramaco Resources, Inc. passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Ramaco Resources, Inc. generates $-0.04 in operating cash flow ($2.0M OCF vs -$51.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Ramaco Resources, Inc. earns $-7.2 in operating income for every $1 of interest expense (-$56.0M vs $7.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Ramaco Resources, Inc. generated $536.6M in revenue in fiscal year 2025. This represents a decrease of 19.5% from the prior year.
Ramaco Resources, Inc.'s EBITDA was $12.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 85.2% from the prior year.
Ramaco Resources, Inc. reported -$51.4M in net income in fiscal year 2025. This represents a decrease of 559.7% from the prior year.
Ramaco Resources, Inc. earned $-0.99 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 1000.0% from the prior year.
Ramaco Resources, Inc. held $440.3M in cash against $467.6M in long-term debt as of fiscal year 2025.
Ramaco Resources, Inc.'s gross margin was 15.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 4.5 percentage points from the prior year.
Ramaco Resources, Inc.'s operating margin was -10.4% in fiscal year 2025, reflecting core business profitability. This is down 12.9 percentage points from the prior year.
Ramaco Resources, Inc.'s net profit margin was -9.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 11.3 percentage points from the prior year.
METCI Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $128.0M+5.8% | $121.0M-20.9% | $153.0M+13.6% | $134.7M-21.2% | $170.9M+2.1% | $167.4M+7.8% | $155.3M-10.1% | $172.7M |
| Cost of Revenue | $103.2M+1.4% | $101.8M-24.1% | $134.2M+17.6% | $114.1M-16.1% | $136.1M+1.0% | $134.7M+9.7% | $122.8M-12.1% | $139.7M |
| Gross Profit | $24.8M+29.3% | $19.2M+2.0% | $18.8M-8.5% | $20.5M-41.0% | $34.8M+6.5% | $32.7M+0.4% | $32.5M-1.3% | $33.0M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $23.4M+45.2% | $16.1M+6.3% | $15.2M+4.0% | $14.6M+28.6% | $11.4M-12.1% | $12.9M+18.6% | $10.9M-22.8% | $14.1M |
| Operating Income | -$15.6M-7.8% | -$14.5M-4.6% | -$13.8M-15.2% | -$12.0M-289.3% | $6.4M+298.5% | $1.6M-70.6% | $5.4M+65.3% | $3.3M |
| Interest Expense | N/A | $2.3M | N/A | N/A | N/A | $1.7M | N/A | N/A |
| Income Tax | -$1.1M+67.4% | -$3.3M-62.5% | -$2.0M+52.7% | -$4.3M-293.9% | $2.2M+3526.2% | $61K-93.3% | $915K+69.4% | $540K |
| Net Income | -$14.7M-10.5% | -$13.3M+4.8% | -$14.0M-47.8% | -$9.5M-345.1% | $3.9M+1714.2% | -$239K-104.3% | $5.5M+172.7% | $2.0M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | $-0.03-137.5% | $0.08 | $0.00 |
METCI Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.1B+34.2% | $849.7M+25.9% | $674.6M-1.6% | $685.7M+1.6% | $674.7M+4.5% | $645.4M-2.1% | $659.2M-2.2% | $674.0M |
| Current Assets | $597.6M+81.8% | $328.7M+112.2% | $154.9M-5.5% | $164.0M-2.2% | $167.6M+14.3% | $146.7M-8.7% | $160.6M-12.0% | $182.6M |
| Cash & Equivalents | $440.3M+127.2% | $193.8M+589.1% | $28.1M-35.3% | $43.5M+31.7% | $33.0M+44.4% | $22.9M-17.1% | $27.6M-9.6% | $30.5M |
| Inventory | $87.2M+6.8% | $81.6M+37.5% | $59.3M+5.7% | $56.1M+29.4% | $43.4M-18.3% | $53.1M+1.3% | $52.4M+26.9% | $41.3M |
| Accounts Receivable | $54.4M+24.6% | $43.6M-22.0% | $55.9M+7.3% | $52.1M-29.2% | $73.6M+17.0% | $62.9M-9.6% | $69.6M-32.8% | $103.5M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $657.0M+103.6% | $322.7M-1.4% | $327.2M-1.0% | $330.5M+6.0% | $311.9M+10.0% | $283.6M-3.3% | $293.1M-2.9% | $301.7M |
| Current Liabilities | $109.5M-1.0% | $110.6M-2.8% | $113.8M-8.5% | $124.4M+1.6% | $122.4M+12.5% | $108.8M-9.9% | $120.8M-18.7% | $148.5M |
| Long-Term Debt | $467.6M+302.0% | $116.3M | N/A | N/A | $57K-99.9% | $43.1M+2.3% | $42.2M+70.4% | $24.7M |
| Total Equity | $483.6M-8.2% | $526.9M+51.7% | $347.4M-2.2% | $355.2M-2.1% | $362.8M+0.3% | $361.8M-1.2% | $366.1M-1.6% | $372.3M |
| Retained Earnings | -$311K-101.8% | $17.1M-47.5% | $32.6M-32.7% | $48.4M-30.4% | $69.5M-13.3% | $80.2M-9.7% | $88.9M-3.2% | $91.8M |
METCI Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$18.4M-1174.7% | -$1.4M+66.2% | -$4.3M-116.4% | $26.0M+66.0% | $15.7M-58.0% | $37.4M+8.6% | $34.4M+36.6% | $25.2M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $18.7M |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $6.5M |
| Investing Cash Flow | -$27.5M-39.1% | -$19.8M-40.4% | -$14.1M+36.7% | -$22.3M-74.8% | -$12.7M+29.7% | -$18.1M+15.0% | -$21.3M-14.2% | -$18.7M |
| Financing Cash Flow | $292.4M+56.4% | $186.9M+6084.1% | $3.0M-54.7% | $6.7M-7.2% | $7.2M+130.0% | -$24.0M-49.5% | -$16.0M+10.9% | -$18.0M |
| Dividends Paid | $0 | $0-100.0% | $1.9M-24.7% | $2.5M+1834.4% | $128K-98.4% | $8.0M-2.6% | $8.2M-1.6% | $8.3M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
METCI Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.4%+3.5pp | 15.8%+3.5pp | 12.3%-3.0pp | 15.2%-5.1pp | 20.4%+0.8pp | 19.5%-1.4pp | 20.9%+1.9pp | 19.1% |
| Operating Margin | -12.2%-0.2pp | -12.0%-2.9pp | -9.0%-0.1pp | -8.9%-12.7pp | 3.7%+2.8pp | 0.9%-2.5pp | 3.5%+1.6pp | 1.9% |
| Net Margin | -11.5%-0.5pp | -11.0%-1.9pp | -9.1%-2.1pp | -7.0%-9.3pp | 2.3%+2.4pp | -0.1%-3.7pp | 3.6%+2.4pp | 1.2% |
| Return on Equity | N/A | N/A | N/A | N/A | 1.1% | N/A | 1.5%+1.0pp | 0.5% |
| Return on Assets | -1.3%+0.3pp | -1.6%+0.5pp | -2.1%-0.7pp | -1.4%-1.9pp | 0.6%+0.6pp | -0.0%-0.9pp | 0.8%+0.5pp | 0.3% |
| Current Ratio | 5.46+2.5 | 2.97+1.6 | 1.36+0.0 | 1.32-0.1 | 1.37+0.0 | 1.35+0.0 | 1.33+0.1 | 1.23 |
| Debt-to-Equity | 0.97+0.7 | 0.22-0.7 | 0.94+0.0 | 0.93+0.9 | 0.00-0.1 | 0.120.0 | 0.12+0.0 | 0.07 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 3.7% |
Frequently Asked Questions
What is Ramaco Resources, Inc.'s annual revenue?
Ramaco Resources, Inc. (METCI) 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. (METCI) 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. (METCI) 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 earnings per share (EPS)?
Ramaco Resources, Inc. (METCI) reported diluted earnings per share of $-0.99 for fiscal year 2025. This represents a -1000.0% 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 Ramaco Resources, Inc.'s EBITDA?
Ramaco Resources, Inc. (METCI) 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. (METCI) 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. (METCI) 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. (METCI) 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. (METCI) 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 operating cash flow?
Ramaco Resources, Inc. (METCI) 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. (METCI) 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. (METCI) 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. (METCI) 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. (METCI) 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 Piotroski F-Score?
Ramaco Resources, Inc. (METCI) has a Piotroski F-Score of 3 out of 9, indicating weak 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 Ramaco Resources, Inc.'s earnings high quality?
Ramaco Resources, Inc. (METCI) has an earnings quality ratio of -0.04x, considered mixed 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 Ramaco Resources, Inc. cover its interest payments?
Ramaco Resources, Inc. (METCI) has an interest coverage ratio of -7.2x, meaning it can struggle to 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 Ramaco Resources, Inc.?
Ramaco Resources, Inc. (METCI) scores 44 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.