METC (Ramaco Resources, Inc.) Stock Financials & Earnings | Market Cap Arena

METC (Ramaco Resources, Inc.) Stock Financials & Earnings | Market Cap Arena

METCRamaco Resources, Inc.

Mkt Cap$855M

Energy·Coal·🇺🇸 United States·NASDAQ

Revenue (TTM)$537M

Net Income (TTM)-$51M

EPS (TTM)-$1.03

Free Cash Flow (TTM)-$67M

Gross Margin2.5%

Op. Margin-10.4%

Net Margin-9.6%

FCF Margin-12.5%

P/S Ratio (TTM)1.6x

P/E Ratio (TTM)—

YoY Rev Growth-19.5%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$166M	$44M	$32M
Q2 23	$137M	$24M	$10M
Q3 23	$187M	$28M	$16M
Q4 23	$203M	$49M	$37M
Q1 24	$173M	$17M	$3M
Q2 24	$155M	$16M	$5M
Q3 24	$167M	$15M	$2M
Q4 24	$171M	$18M	$6M
Q1 25	$135M	$3M	-$12M
Q2 25	$153M	$1M	-$14M
Q3 25	$121M	$2M	-$14M
Q4 25	$128M	$8M	-$16M

Valuation

Quarter	P/S	P/E
Q1 23	1.5x	8.6x
Q2 23	1.5x	11.5x
Q3 23	1.4x	12.8x
Q4 23	1.2x	10.4x
Q1 24	1.2x	14.5x
Q2 24	1.2x	15.0x
Q3 24	1.2x	22.9x
Q4 24	1.3x	76.4x
Q1 25	1.4x	—
Q2 25	1.4x	—
Q3 25	1.5x	—
Q4 25	1.6x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$21M	-$2M
Q2 23	$28M	$4M
Q3 23	$70M	$53M
Q4 23	$42M	$24M
Q1 24	$25M	$6M
Q2 24	$34M	$13M
Q3 24	$37M	$20M
Q4 24	$16M	$5M
Q1 25	$26M	$6M
Q2 25	-$4M	-$19M
Q3 25	-$2M	-$22M
Q4 25	-$18M	-$31M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$24M
Q2 23	$24M
Q3 23	$17M
Q4 23	$18M
Q1 24	$19M
Q2 24	$21M
Q3 24	$18M
Q4 24	$11M
Q1 25	$20M
Q2 25	$15M
Q3 25	$20M
Q4 25	$13M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+7.4%	+31.9%
Q2 23	-0.9%	+32.8%
Q3 23	+36.5%	+70.5%
Q4 23	+49.9%	+41.3%
Q1 24	+3.8%	+26.0%
Q2 24	+13.0%	+17.6%
Q3 24	-10.5%	-3.0%
Q4 24	-15.7%	-0.6%
Q1 25	-22.0%	-13.4%
Q2 25	-1.5%	+11.3%
Q3 25	-27.7%	-18.3%
Q4 25	-25.1%	-12.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$5M	3.7%

OpEx Breakdown

Quarter	SG&A
Q1 23	$12M
Q2 23	$14M
Q3 23	$11M
Q4 23	$11M
Q1 24	$14M
Q2 24	$11M
Q3 24	$13M
Q4 24	$11M
Q1 25	$15M
Q2 25	$15M
Q3 25	$16M
Q4 25	$21M

Revenue Segments

Quarter	Domestic Coal Revenues	Export Revenues
Q1 23	$40M	$126M
Q2 23	$53M	$84M
Q3 23	$75M	$112M
Q1 24	$54M	$119M
Q2 24	$55M	$100M
Q3 24	$54M	$113M
Q1 25	$44M	$91M
Q2 25	$64M	$89M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$38M	$0	$38M
Q2 23	$35M	$0	$35M
Q3 23	$44M	$0	$44M
Q4 23	$42M	$0	$42M
Q1 24	$31M	$0	$31M
Q2 24	$28M	$0	$28M
Q3 24	$24M	$0	$24M
Q4 24	$33M	$0	$33M
Q1 25	$44M	$0	$44M
Q2 25	$29M	$0	$29M
Q3 25	$194M	$0	$194M
Q4 25	$440M	$0	$440M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	45M	+0.3%
Q2 23	44M	-1.8%
Q3 23	52M	+17.5%
Q4 23	53M	+2.4%
Q1 24	51M	-2.9%
Q2 24	53M	+3.2%
Q3 24	52M	-1.7%
Q4 24	53M	+2.5%
Q1 25	50M	-6.7%
Q2 25	50M	+0.0%
Q3 25	50M	+0.0%
Q4 25	50M	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	—	—
FY 15	—	—
FY 16	$168K	31
FY 17	$228K	268
FY 18	$652K	349
FY 19	$583K	395
FY 20	$484K	349
FY 21	$624K	454
FY 22	$780K	725
FY 23	$855K	811
FY 24	$677K	984
FY 25	$596K	900