Profit isn't fully turning into cash. Free cash flow is only 2.8% of reported profit.
Free cash flow is only 2.8% of reported profit. That usually means heavy spending on facilities and equipment, or cash tied up in inventory and unpaid bills. Worth checking whether it's a phase of investment or a lasting pattern.
Annual revenue fell three years running. Fiscal-year revenue down each year from 2022 to 2025.
Warrior Met Coal's fiscal-year revenue declined in each of the three years to 2025.
Fast revenue growth. Revenue grew 37% in the 12 months to June 2026 vs the 12 months before, faster than 90% of peers.
Revenue grew 37% in the 12 months to June 2026 vs the 12 months before, faster than 90% of its peers.
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 50 → 52
Share price -7.7%+3
Peer companies moved-1
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Warrior Met Coal
Is Warrior Met Coal getting weaker?
Its latest SEC filing (Aug 5, 2026) got stronger: operating margin rose 3.9 points to 13.6%. Its overall score is 77/100, up 1 since Oct 28, 2026.
How is Warrior Met Coal valued vs its peers?
Priced about in line with its peers. Valuation scores 52/100 against 1,371 basic materials peers.EBITDA yield 10.7% vs a peer median of 8.5% (stronger than 61% of peers).EBITDA yield 10.7% vs peers 8.5% (stronger than 61% of peers).Free cash flow yield 0.1% vs a peer median of 2.6% (weaker than 61% of peers).Free cash flow yield 0.1% vs peers 2.6% (weaker than 61% of peers).
Is Warrior Met Coal growing?
Yes, faster than most of its peers. Growth scores 96/100 against 1,371 basic materials peers.Earnings per share growth 441.3% vs a peer median of 9.4% (stronger than 95% of peers).Earnings per share growth 441.3% vs peers 9.4% (stronger than 95% of peers).
How profitable is Warrior Met Coal?
More profitable than most of its peers. Profitability scores 73/100 against 1,371 basic materials peers.Return on assets 7.6% vs a peer median of 2.5% (stronger than 82% of peers).Return on assets 7.6% vs peers 2.5% (stronger than 82% of peers).
How risky is Warrior Met Coal?
Lower risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings.Current ratio 3.93× vs a peer median of 1.76× (stronger than 85% of peers).Current ratio 3.93× vs peers 1.76× (stronger than 85% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Aug 5, 2026 · compared with the quarter ended Mar 31, 2026
Got stronger
Operating margin rose 3.9 points to 13.6%
Previous quarter
Latest quarter
Change
Revenue (12 months)
1.5B USD
1.7B USD
+14.4%
Net income (12 months)
137.5M USD
219.3M USD
+59.5%
Operating margin
9.7%
13.6%
+3.9 pts
Debt
154.4M USD
154.6M USD
+0.1%
Cash
202.6M USD
302.3M USD
+49.2%
Shares outstanding
52.8M
52.8M
+0.0%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Basic Materials · 121 companies
Valuations in Basic Materials are near the top of their range since 2016.
84% of months since 2016 were valued lower than now.
43% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +23% and earnings +13% (medians): prices and earnings moved broadly together.
Median price-to-sales is −9% vs the whole market, against a usual −27%.
2016Shaded: most expensive fifth of its range2026
Shown for Basic Materials: too few Coking Coal companies have a long enough history of their own.
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since 2016; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Gross margin
47.7%
59.1%
45.7%
34.0%
25.0%
▼ 8.9 pts
Operating margin
23.0%
46.1%
32.3%
16.7%
3.5%
▼ 13 pts
Net margin
14.2%
36.9%
28.5%
16.4%
4.4%
▼ 12 pts
Return on assets (ROA)
10.3%
31.6%
20.3%
9.7%
2.0%
▼ 7.6 pts
Return on equity (ROE)
17.3%
44.3%
25.5%
12.0%
2.7%
▼ 9.3 pts
Free cash flow margin
27.7%
36.6%
—
—
—
—
Current ratio
5.14×
7.66×
7.24×
5.20×
3.19×
▼ 39%
Quick ratio
4.65×
6.66×
5.99×
3.99×
2.27×
▼ 43%
Debt to equity
0.39×
0.21×
0.08×
0.07×
0.07×
▼ 2.0%
Interest coverage
—
25.50×
30.15×
59.68×
4.69×
▼ 92%
HCC price history
Price history is added with the daily price update and will appear after the next one.