Ramaco Resources (METC) Financials

$9.09 -0.17 (-1.84%)

Closing price 05/21/2025 04:00 PM Eastern

Extended Trading

$9.35 +0.26 (+2.81%)

As of 05/21/2025 06:16 PM Eastern

Annual Income Statements for Ramaco Resources

This table shows Ramaco Resources' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	11	82	116
Consolidated Net Income / (Loss)	11	82	116
Net Income / (Loss) Continuing Operations	11	82	116
Total Pre-Tax Income	15	105	146
Total Operating Income	17	95	150
Total Gross Profit	133	200	233
Total Revenue	666	694	566
Operating Revenue	666	694	566
Total Cost of Revenue	533	494	333
Operating Cost of Revenue	533	494	333
Total Operating Expenses	116	104	82
Selling, General & Admin Expense	49	49	40
Depreciation Expense	66	54	41
Other Operating Expenses / (Income)	1.47	1.40	1.12
Total Other Income / (Expense), net	-1.72	9.42	-4.19
Interest & Investment Income	-6.12	-8.90	-6.83
Other Income / (Expense), net	4.41	18	2.64
Income Tax Expense	3.73	22	30
Basic Earnings per Share	$0.11	$1.77	$2.63
Weighted Average Basic Shares Outstanding	54.00M	53.09M	44.45M
Diluted Earnings per Share	$0.11	$1.73	$2.60
Weighted Average Diluted Shares Outstanding	54.00M	53.09M	44.45M
Weighted Average Basic & Diluted Shares Outstanding	54.00M	53.09M	44.45M

This table shows Ramaco Resources' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	3.86	-0.24	5.54	2.03	30	19	7.56	25	14	27
Consolidated Net Income / (Loss)	3.86	-0.24	5.54	2.03	30	19	7.56	25	14	27
Net Income / (Loss) Continuing Operations	3.86	-0.24	5.54	2.03	30	19	7.56	25	14	27
Total Pre-Tax Income	6.07	-0.18	6.46	2.57	39	25	10	31	17	34
Total Operating Income	6.35	1.59	5.42	3.28	37	16	10	32	18	37
Total Gross Profit	35	33	33	33	63	42	38	56	40	57
Total Revenue	171	167	155	173	203	187	137	166	135	137
Operating Revenue	171	167	155	173	203	187	137	166	135	137
Total Cost of Revenue	136	135	123	140	139	145	99	111	95	80
Operating Cost of Revenue	136	135	123	140	139	145	99	111	95	80
Total Operating Expenses	28	31	27	30	26	26	28	24	22	21
Selling, General & Admin Expense	11	13	11	14	11	11	14	12	11	8.67
Depreciation Expense	17	18	16	15	14	14	14	12	11	11
Other Operating Expenses / (Income)	0.40	0.35	0.35	0.35	0.36	0.35	0.35	0.35	-0.37	0.50
Total Other Income / (Expense), net	-0.28	-1.77	1.04	-0.70	1.62	8.89	-0.02	-1.06	-0.65	-3.19
Interest & Investment Income	-1.61	-1.70	-1.48	-1.33	-1.63	-2.45	-2.52	-2.31	-1.51	-2.26
Other Income / (Expense), net	1.33	-0.08	2.52	0.63	3.25	11	2.50	1.25	0.86	-0.93
Income Tax Expense	2.21	0.06	0.92	0.54	8.83	5.51	2.47	5.55	3.08	6.60
Basic Earnings per Share	($0.18)	($0.03)	$0.08	$0.24	$0.62	$0.41	$0.17	$0.57	$0.33	$0.61
Weighted Average Basic Shares Outstanding	54.00M	52.53M	52.45M	53.09M	53.09M	52.69M	52.69M	44.41M	44.45M	44.12M
Diluted Earnings per Share	($0.17)	($0.03)	$0.08	$0.23	$0.59	$0.40	$0.17	$0.57	$0.34	$0.60
Weighted Average Diluted Shares Outstanding	54.00M	52.53M	52.45M	53.09M	53.09M	52.69M	52.69M	44.41M	44.45M	44.12M
Weighted Average Basic & Diluted Shares Outstanding	54.00M	52.53M	52.45M	53.09M	53.09M	52.69M	52.69M	44.41M	44.45M	44.12M

This table details how cash moves in and out of Ramaco Resources' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	-8.96	6.31	14
Net Cash From Operating Activities	113	161	188
Net Cash From Continuing Operating Activities	113	161	188
Net Income / (Loss) Continuing Operations	11	82	116
Consolidated Net Income / (Loss)	11	82	116
Depreciation Expense	66	54	41
Amortization Expense	0.93	0.78	0.49
Non-Cash Adjustments To Reconcile Net Income	19	4.12	7.98
Changes in Operating Assets and Liabilities, net	16	20	22
Net Cash From Investing Activities	-71	-72	-146
Net Cash From Continuing Investing Activities	-71	-72	-145
Purchase of Property, Plant & Equipment	-69	-83	-123
Acquisitions	0.00	0.00	-12
Sale of Property, Plant & Equipment	0.00	11	0.00
Other Investing Activities, net	-1.99	-0.56	-9.90
Net Cash From Financing Activities	-51	-83	-28
Net Cash From Continuing Financing Activities	-51	-83	-28
Repayment of Debt	-199	-168	-47
Payment of Dividends	-25	-26	-20
Issuance of Debt	197	130	42
Other Financing Activities, net	-24	-19	-3.08
Cash Interest Paid	4.76	8.11	7.06
Cash Income Taxes Paid	1.23	0.77	16

This table details how cash moves in and out of Ramaco Resources' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	10	-4.71	-2.93	-11	-1.00	9.04	-2.73	1.00	-11	3.16
Net Cash From Operating Activities	16	37	34	25	42	70	28	21	29	49
Net Cash From Continuing Operating Activities	16	37	34	25	42	70	28	21	29	49
Net Income / (Loss) Continuing Operations	3.86	-0.24	5.54	2.03	30	19	7.56	25	14	27
Consolidated Net Income / (Loss)	3.86	-0.24	5.54	2.03	30	19	7.56	25	14	27
Depreciation Expense	17	18	16	15	14	14	14	12	11	11
Amortization Expense	0.27	0.22	0.23	0.21	0.21	0.21	0.21	0.15	0.12	0.12
Non-Cash Adjustments To Reconcile Net Income	4.61	4.32	4.94	5.03	-1.73	0.57	1.98	3.29	2.42	2.51
Changes in Operating Assets and Liabilities, net	-9.77	15	7.82	2.70	-1.36	35	4.92	-19	0.85	8.52
Net Cash From Investing Activities	-13	-18	-21	-19	-14	-14	-21	-22	-34	-48
Net Cash From Continuing Investing Activities	-13	-18	-21	-19	-14	-14	-21	-22	-33	-48
Purchase of Property, Plant & Equipment	-11	-18	-21	-19	-18	-17	-24	-24	-32	-38
Other Investing Activities, net	-1.81	-0.33	0.09	0.07	-7.72	2.98	3.00	1.18	-1.18	-11
Net Cash From Financing Activities	7.19	-24	-16	-18	-28	-47	-9.48	2.01	-6.63	1.95
Net Cash From Continuing Financing Activities	7.19	-24	-16	-18	-28	-47	-9.48	2.01	-6.63	1.95
Repayment of Debt	-38	-49	-53	-59	-41	-63	-25	-37	-30	-7.66
Payment of Dividends	-0.13	-7.97	-8.18	-8.32	-7.77	-6.94	-5.55	-5.56	-5.05	-5.00
Issuance of Debt	60	40	45	52	35	18	33	45	25	16
Other Financing Activities, net	-15	-7.44	-	-1.87	-14	5.96	-11	-0.12	3.73	-1.06

This table presents Ramaco Resources' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	675	666	596
Total Current Assets	168	190	147
Cash & Equivalents	33	42	36
Accounts Receivable	74	97	41
Inventories, net	43	37	45
Prepaid Expenses	18	14	26
Plant, Property, & Equipment, net	482	459	430
Total Noncurrent Assets	25	17	19
Noncurrent Note & Lease Receivables	12	10	13
Other Noncurrent Operating Assets	13	6.72	6.10
Total Liabilities & Shareholders' Equity	675	666	596
Total Liabilities	312	296	287
Total Current Liabilities	122	170	163
Short-Term Debt	0.36	57	36
Accounts Payable	49	52	35
Accrued Expenses	62	52	42
Other Current Liabilities	12	9.60	51
Total Noncurrent Liabilities	189	126	124
Long-Term Debt	88	34	52
Capital Lease Obligations	7.52	4.92	4.92
Asset Retirement Reserve & Litigation Obligation	30	29	29
Noncurrent Deferred & Payable Income Tax Liabilities	56	54	36
Other Noncurrent Operating Liabilities	7.66	4.48	3.30
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	363	370	309
Total Preferred & Common Equity	363	370	309
Preferred Stock	0.00	0.00	0.00
Total Common Equity	363	370	309
Common Stock	293	278	169
Retained Earnings	70	92	140

This table presents Ramaco Resources' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	645	659	674	647	660	641	562
Total Current Assets	147	161	183	169	178	178	142
Cash & Equivalents	23	28	31	43	34	37	47
Accounts Receivable	63	70	104	64	59	71	50
Inventories, net	53	52	41	50	67	51	40
Prepaid Expenses	7.85	11	7.29	12	18	19	4.96
Plant, Property, & Equipment, net	477	475	466	457	458	444	403
Total Noncurrent Assets	22	24	25	21	25	20	17
Noncurrent Note & Lease Receivables	12	14	17	13	17	12	9.84
Other Noncurrent Operating Assets	9.96	9.81	8.00	7.57	7.66	7.11	7.21
Total Liabilities & Shareholders' Equity	645	659	674	647	660	641	562
Total Liabilities	284	293	302	294	323	304	263
Total Current Liabilities	109	121	148	143	142	151	150
Short-Term Debt	0.38	7.20	28	28	25	30	31
Accounts Payable	54	48	60	52	50	80	65
Accrued Expenses	48	58	50	46	39	33	49
Other Current Liabilities	6.24	7.69	11	16	28	8.56	5.26
Total Noncurrent Liabilities	175	172	153	152	181	153	113
Long-Term Debt	77	76	58	67	97	79	50
Capital Lease Obligations	6.68	7.51	8.54	5.77	8.30	3.98	3.78
Asset Retirement Reserve & Litigation Obligation	31	29	29	28	30	29	28
Noncurrent Deferred & Payable Income Tax Liabilities	55	55	52	46	42	38	18
Other Noncurrent Operating Liabilities	5.41	4.94	4.96	4.32	4.08	3.74	3.37
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	362	366	372	353	337	337	299
Total Preferred & Common Equity	362	366	372	353	337	337	299
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	362	366	372	353	337	337	299
Common Stock	282	277	280	276	273	172	167
Retained Earnings	80	89	92	76	64	165	131

This table displays calculated financial ratios and metrics derived from Ramaco Resources' official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-3.93%	22.60%	99.61%
EBITDA Growth	-48.05%	-13.41%	165.34%
EBIT Growth	-81.47%	-25.79%	225.85%
NOPAT Growth	-83.34%	-37.25%	237.24%
Net Income Growth	-86.40%	-29.07%	191.86%
EPS Growth	-93.64%	-33.46%	188.89%
Operating Cash Flow Growth	-30.04%	-14.28%	252.21%
Free Cash Flow Firm Growth	-47.75%	294.52%	55.16%
Invested Capital Growth	0.74%	15.59%	54.21%
Revenue Q/Q Growth	-4.56%	10.78%	9.21%
EBITDA Q/Q Growth	-25.80%	17.18%	0.08%
EBIT Q/Q Growth	-60.93%	23.38%	-2.42%
NOPAT Q/Q Growth	-66.48%	22.92%	-3.59%
Net Income Q/Q Growth	-70.05%	23.48%	-3.54%
EPS Q/Q Growth	-87.36%	16.89%	-2.62%
Operating Cash Flow Q/Q Growth	-18.68%	8.41%	7.73%
Free Cash Flow Firm Q/Q Growth	-62.90%	594.50%	68.91%
Invested Capital Q/Q Growth	0.72%	2.91%	5.63%
Profitability Metrics	-	-	-
Gross Margin	19.96%	28.80%	41.14%
EBITDA Margin	13.15%	24.31%	34.42%
Operating Margin	2.50%	13.73%	26.58%
EBIT Margin	3.16%	16.38%	27.05%
Profit (Net Income) Margin	1.68%	11.87%	20.51%
Tax Burden Percent	75.01%	78.65%	79.37%
Interest Burden Percent	70.90%	92.16%	95.54%
Effective Tax Rate	24.99%	21.35%	20.63%
Return on Invested Capital (ROIC)	2.94%	19.00%	39.60%
ROIC Less NNEP Spread (ROIC-NNEP)	0.73%	32.51%	31.54%
Return on Net Nonoperating Assets (RNNOA)	0.12%	5.25%	5.01%
Return on Equity (ROE)	3.06%	24.25%	44.61%
Cash Return on Invested Capital (CROIC)	2.20%	4.54%	-3.05%
Operating Return on Assets (OROA)	3.14%	18.00%	33.07%
Return on Assets (ROA)	1.67%	13.04%	25.08%
Return on Common Equity (ROCE)	3.06%	24.25%	44.61%
Return on Equity Simple (ROE_SIMPLE)	3.08%	22.27%	37.53%
Net Operating Profit after Tax (NOPAT)	12	75	119
NOPAT Margin	1.87%	10.80%	21.10%
Net Nonoperating Expense Percent (NNEP)	2.22%	-13.51%	8.06%
Return On Investment Capital (ROIC_SIMPLE)	2.72%	16.12%	29.74%
Cost of Revenue to Revenue	80.04%	71.20%	58.86%
SG&A Expenses to Revenue	7.40%	7.04%	7.08%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	17.46%	15.07%	14.56%
Earnings before Interest and Taxes (EBIT)	21	114	153
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	88	169	195
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.46	2.32	2.45
Price to Tangible Book Value (P/TBV)	1.46	2.32	2.45
Price to Revenue (P/Rev)	0.80	1.24	1.34
Price to Earnings (P/E)	47.46	10.41	6.54
Dividend Yield	5.48%	1.54%	0.00%
Earnings Yield	2.11%	9.60%	15.30%
Enterprise Value to Invested Capital (EV/IC)	1.40	2.15	2.23
Enterprise Value to Revenue (EV/Rev)	0.89	1.31	1.44
Enterprise Value to EBITDA (EV/EBITDA)	6.78	5.40	4.19
Enterprise Value to EBIT (EV/EBIT)	28.24	8.01	5.33
Enterprise Value to NOPAT (EV/NOPAT)	47.61	12.15	6.83
Enterprise Value to Operating Cash Flow (EV/OCF)	5.27	5.65	4.34
Enterprise Value to Free Cash Flow (EV/FCFF)	63.54	50.85	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.26	0.26	0.30
Long-Term Debt to Equity	0.26	0.10	0.18
Financial Leverage	0.16	0.16	0.16
Leverage Ratio	1.83	1.86	1.78
Compound Leverage Factor	1.30	1.71	1.70
Debt to Total Capital	20.94%	20.46%	22.96%
Short-Term Debt to Total Capital	0.08%	12.17%	8.88%
Long-Term Debt to Total Capital	20.86%	8.30%	14.08%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	79.06%	79.54%	77.04%
Debt to EBITDA	1.10	0.56	0.47
Net Debt to EBITDA	0.72	0.32	0.29
Long-Term Debt to EBITDA	1.09	0.23	0.29
Debt to NOPAT	7.70	1.27	0.77
Net Debt to NOPAT	5.05	0.71	0.47
Long-Term Debt to NOPAT	7.67	0.51	0.47
Altman Z-Score	2.34	3.57	3.68
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.37	1.12	0.91
Quick Ratio	0.87	0.82	0.47
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	9.35	18	-9.20
Operating Cash Flow to CapEx	163.66%	224.76%	152.72%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.99	1.10	1.22
Accounts Receivable Turnover	7.82	10.05	13.21
Inventory Turnover	13.25	12.02	10.96
Fixed Asset Turnover	1.42	1.56	1.72
Accounts Payable Turnover	10.62	11.42	13.27
Days Sales Outstanding (DSO)	46.69	36.33	27.62
Days Inventory Outstanding (DIO)	27.56	30.36	33.31
Days Payable Outstanding (DPO)	34.39	31.95	27.50
Cash Conversion Cycle (CCC)	39.86	34.73	33.43
Capital & Investment Metrics	-	-	-
Invested Capital	426	423	366
Invested Capital Turnover	1.57	1.76	1.88
Increase / (Decrease) in Invested Capital	3.13	57	129
Enterprise Value (EV)	594	910	815
Market Capitalization	531	857	759
Book Value per Share	$6.91	$7.02	$7.01
Tangible Book Value per Share	$6.91	$7.02	$7.01
Total Capital	459	465	401
Total Debt	96	95	92
Total Long-Term Debt	96	39	57
Net Debt	63	53	57
Capital Expenditures (CapEx)	69	72	123
Debt-free, Cash-free Net Working Capital (DFCFNWC)	13	34	-15
Debt-free Net Working Capital (DFNWC)	46	76	20
Net Working Capital (NWC)	45	20	-15
Net Nonoperating Expense (NNE)	1.29	-7.41	3.33
Net Nonoperating Obligations (NNO)	63	53	57
Total Depreciation and Amortization (D&A)	67	55	42
Debt-free, Cash-free Net Working Capital to Revenue	1.88%	4.95%	-2.71%
Debt-free Net Working Capital to Revenue	6.84%	11.00%	3.59%
Net Working Capital to Revenue	6.78%	2.85%	-2.71%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.11	$1.77	$2.63
Adjusted Weighted Average Basic Shares Outstanding	54.00M	53.09M	44.16M
Adjusted Diluted Earnings per Share	$0.11	$1.73	$2.60
Adjusted Weighted Average Diluted Shares Outstanding	54.00M	53.09M	44.70M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	54.00M	53.09M	44.45M
Normalized Net Operating Profit after Tax (NOPAT)	12	75	119
Normalized NOPAT Margin	1.87%	10.80%	21.10%
Pre Tax Income Margin	2.24%	15.09%	25.84%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	219.82%	31.37%	17.27%
Augmented Payout Ratio	219.82%	31.37%	17.27%

This table displays calculated financial ratios and metrics derived from Ramaco Resources' official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-15.70%	-10.46%	12.98%	3.80%	49.92%	36.55%	-0.86%	7.41%	54.54%	79.28%
EBITDA Growth	-55.25%	-53.52%	-8.57%	-57.15%	81.30%	-11.09%	-52.12%	-27.30%	0.53%	188.96%
EBIT Growth	-81.03%	-94.46%	-36.71%	-88.21%	113.40%	-23.33%	-72.15%	-37.82%	-16.67%	274.17%
NOPAT Growth	-85.98%	-91.10%	-38.63%	-90.10%	92.92%	-57.46%	-77.02%	-37.91%	-23.02%	311.96%
Net Income Growth	-87.16%	-101.23%	-26.67%	-91.95%	108.80%	-27.66%	-77.30%	-39.10%	-22.82%	282.44%
EPS Growth	-128.81%	-107.50%	-52.94%	-59.65%	73.53%	-33.33%	-77.03%	-38.04%	-17.07%	275.00%
Operating Cash Flow Growth	-62.27%	-46.52%	21.97%	17.91%	42.96%	41.21%	-11.64%	-72.39%	86.56%	923.74%
Free Cash Flow Firm Growth	103.22%	79.03%	107.67%	86.29%	75.17%	58.03%	-38.00%	-5,454.09%	-211.12%	-1,934.00%
Invested Capital Growth	0.74%	2.93%	-1.14%	5.87%	15.59%	18.65%	44.02%	80.33%	54.21%	79.57%
Revenue Q/Q Growth	2.08%	7.79%	-10.05%	-14.82%	8.43%	36.01%	-17.37%	23.02%	-1.24%	-1.25%
EBITDA Q/Q Growth	26.13%	-18.70%	24.41%	-64.92%	31.01%	59.92%	-41.70%	48.42%	-35.76%	-13.88%
EBIT Q/Q Growth	406.19%	-80.87%	103.30%	-90.36%	47.72%	118.60%	-62.13%	74.50%	-46.93%	-20.60%
NOPAT Q/Q Growth	261.82%	-75.99%	79.62%	-91.01%	129.66%	65.52%	-71.01%	75.09%	-49.36%	-10.61%
Net Income Q/Q Growth	1,714.23%	-104.31%	172.69%	-93.24%	54.34%	157.57%	-70.08%	75.57%	-46.53%	-19.16%
EPS Q/Q Growth	-466.67%	-137.50%	-65.22%	-61.02%	47.50%	135.29%	-70.18%	67.65%	-43.33%	-18.92%
Operating Cash Flow Q/Q Growth	-58.05%	8.62%	36.63%	-39.39%	-40.54%	147.72%	32.09%	-26.52%	-41.27%	55.01%
Free Cash Flow Firm Q/Q Growth	108.33%	-213.74%	144.37%	23.41%	45.75%	58.40%	20.66%	-38.69%	8.31%	-36.78%
Invested Capital Q/Q Growth	0.72%	-1.43%	-1.77%	3.30%	2.91%	-5.32%	5.19%	12.78%	5.63%	14.93%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.37%	19.52%	20.95%	19.09%	31.23%	22.64%	27.84%	33.55%	29.43%	41.84%
EBITDA Margin	14.43%	11.68%	15.48%	11.20%	27.18%	22.50%	19.13%	27.12%	22.48%	34.56%
Operating Margin	3.72%	0.95%	3.49%	1.90%	18.37%	8.60%	7.31%	19.16%	13.40%	26.80%
EBIT Margin	4.50%	0.91%	5.11%	2.26%	19.98%	14.66%	9.12%	19.91%	14.03%	26.11%
Profit (Net Income) Margin	2.26%	-0.14%	3.57%	1.18%	14.82%	10.41%	5.50%	15.18%	10.64%	19.65%
Tax Burden Percent	63.56%	134.27%	85.83%	79.00%	77.28%	77.95%	75.39%	81.99%	82.35%	80.31%
Interest Burden Percent	79.00%	-11.73%	81.34%	65.88%	95.98%	91.07%	79.92%	93.03%	92.06%	93.69%
Effective Tax Rate	36.44%	0.00%	14.17%	21.00%	22.72%	22.05%	24.61%	18.01%	17.65%	19.69%
Return on Invested Capital (ROIC)	3.71%	1.12%	4.98%	2.47%	24.98%	11.09%	8.63%	28.27%	20.71%	41.36%
ROIC Less NNEP Spread (ROIC-NNEP)	3.40%	-1.16%	6.10%	1.68%	27.26%	24.19%	8.60%	24.95%	19.41%	30.36%
Return on Net Nonoperating Assets (RNNOA)	0.54%	-0.19%	1.38%	0.33%	4.40%	3.93%	1.65%	2.22%	3.08%	2.87%
Return on Equity (ROE)	4.25%	0.92%	6.36%	2.80%	29.38%	15.02%	10.28%	30.49%	23.79%	44.23%
Cash Return on Invested Capital (CROIC)	2.20%	6.05%	12.41%	6.44%	4.54%	-0.96%	-14.84%	-25.05%	-3.05%	-10.98%
Operating Return on Assets (OROA)	4.47%	0.98%	5.56%	2.41%	21.95%	15.19%	9.14%	21.93%	17.16%	31.41%
Return on Assets (ROA)	2.24%	-0.15%	3.88%	1.25%	16.28%	10.78%	5.51%	16.73%	13.01%	23.64%
Return on Common Equity (ROCE)	4.25%	0.92%	6.36%	2.80%	29.38%	15.02%	10.28%	30.49%	23.79%	44.23%
Return on Equity Simple (ROE_SIMPLE)	0.00%	10.33%	15.59%	15.87%	0.00%	18.91%	21.98%	29.63%	0.00%	40.28%
Net Operating Profit after Tax (NOPAT)	4.04	1.12	4.65	2.59	29	13	7.57	26	15	29
NOPAT Margin	2.36%	0.67%	2.99%	1.50%	14.20%	6.70%	5.51%	15.71%	11.03%	21.52%
Net Nonoperating Expense Percent (NNEP)	0.31%	2.27%	-1.12%	0.79%	-2.28%	-13.10%	0.03%	3.33%	1.30%	10.99%
Return On Investment Capital (ROIC_SIMPLE)	0.88%	-	-	-	6.20%	-	-	-	3.72%	-
Cost of Revenue to Revenue	79.63%	80.48%	79.05%	80.91%	68.77%	77.36%	72.16%	66.45%	70.57%	58.16%
SG&A Expenses to Revenue	6.64%	7.72%	7.02%	8.17%	5.58%	6.13%	10.42%	7.06%	7.95%	6.33%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	16.65%	18.57%	17.47%	17.19%	12.86%	14.04%	20.53%	14.39%	16.03%	15.05%
Earnings before Interest and Taxes (EBIT)	7.68	1.52	7.94	3.90	40	27	13	33	19	36
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	25	20	24	19	55	42	26	45	30	47
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.46	1.70	1.81	2.38	2.32	1.58	1.07	2.35	2.45	2.63
Price to Tangible Book Value (P/TBV)	1.46	1.70	1.81	2.38	2.32	1.58	1.07	2.35	2.45	2.63
Price to Revenue (P/Rev)	0.80	0.88	0.92	1.26	1.24	0.89	0.62	1.37	1.34	1.52
Price to Earnings (P/E)	47.46	16.42	11.58	14.98	10.41	8.38	4.85	7.94	6.54	6.54
Dividend Yield	5.48%	4.59%	4.22%	2.32%	1.54%	1.18%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.11%	6.09%	8.63%	6.68%	9.60%	11.94%	20.60%	12.59%	15.30%	15.30%
Enterprise Value to Invested Capital (EV/IC)	1.40	1.60	1.69	2.17	2.15	1.50	1.05	2.11	2.23	2.38
Enterprise Value to Revenue (EV/Rev)	0.89	0.97	1.01	1.36	1.31	0.98	0.79	1.50	1.44	1.59
Enterprise Value to EBITDA (EV/EBITDA)	6.78	5.72	5.15	6.65	5.40	4.28	3.06	4.89	4.19	4.23
Enterprise Value to EBIT (EV/EBIT)	28.24	12.53	9.08	11.26	8.01	6.70	4.55	6.54	5.33	5.25
Enterprise Value to NOPAT (EV/NOPAT)	47.61	18.12	14.90	18.43	12.15	10.12	5.85	8.40	6.83	6.65
Enterprise Value to Operating Cash Flow (EV/OCF)	5.27	4.87	4.23	5.76	5.65	4.15	3.56	6.59	4.34	4.72
Enterprise Value to Free Cash Flow (EV/FCFF)	63.54	26.77	13.52	34.75	50.85	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.26	0.23	0.25	0.26	0.26	0.29	0.39	0.33	0.30	0.28
Long-Term Debt to Equity	0.26	0.23	0.23	0.18	0.10	0.21	0.31	0.24	0.18	0.18
Financial Leverage	0.16	0.17	0.23	0.20	0.16	0.16	0.19	0.09	0.16	0.09
Leverage Ratio	1.83	1.81	1.88	1.85	1.86	1.86	1.86	1.78	1.78	1.75
Compound Leverage Factor	1.45	-0.21	1.53	1.22	1.78	1.69	1.49	1.66	1.64	1.64
Debt to Total Capital	20.94%	18.81%	19.80%	20.32%	20.46%	22.29%	27.93%	24.98%	22.96%	21.99%
Short-Term Debt to Total Capital	0.08%	0.09%	1.58%	6.04%	12.17%	6.17%	5.42%	6.61%	8.88%	8.06%
Long-Term Debt to Total Capital	20.86%	18.73%	18.22%	14.28%	8.30%	16.11%	22.52%	18.37%	14.08%	13.93%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	79.06%	81.19%	80.20%	79.68%	79.54%	77.71%	72.07%	75.02%	77.04%	78.01%
Debt to EBITDA	1.10	0.71	0.64	0.66	0.56	0.70	0.88	0.63	0.47	0.43
Net Debt to EBITDA	0.72	0.52	0.45	0.45	0.32	0.40	0.65	0.43	0.29	0.19
Long-Term Debt to EBITDA	1.09	0.71	0.59	0.47	0.23	0.51	0.71	0.46	0.29	0.27
Debt to NOPAT	7.70	2.25	1.86	1.84	1.27	1.66	1.67	1.08	0.77	0.68
Net Debt to NOPAT	5.05	1.64	1.29	1.25	0.71	0.95	1.24	0.73	0.47	0.30
Long-Term Debt to NOPAT	7.67	2.24	1.71	1.29	0.51	1.20	1.35	0.80	0.47	0.43
Altman Z-Score	2.27	2.63	2.74	3.07	3.21	2.46	1.80	3.04	2.94	3.23
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.37	1.35	1.33	1.23	1.12	1.19	1.25	1.18	0.91	0.94
Quick Ratio	0.87	0.79	0.80	0.90	0.82	0.75	0.65	0.71	0.47	0.64
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.91	-11	9.59	-22	-28	-52	-125	-158	-114	-124
Operating Cash Flow to CapEx	143.58%	210.18%	160.78%	134.48%	231.15%	413.40%	115.31%	90.72%	91.92%	131.72%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.99	1.08	1.09	1.06	1.10	1.04	1.00	1.10	1.22	1.20
Accounts Receivable Turnover	7.82	11.03	11.16	8.01	10.05	10.98	10.31	9.72	13.21	11.78
Inventory Turnover	13.25	10.39	9.12	11.34	12.02	9.97	7.71	10.27	10.96	10.73
Fixed Asset Turnover	1.42	1.50	1.54	1.54	1.56	1.46	1.44	1.67	1.72	1.77
Accounts Payable Turnover	10.62	10.19	11.19	7.50	11.42	7.71	6.74	6.02	13.27	6.70
Days Sales Outstanding (DSO)	46.69	33.08	32.70	45.54	36.33	33.23	35.40	37.55	27.62	30.99
Days Inventory Outstanding (DIO)	27.56	35.13	40.01	32.19	30.36	36.62	47.34	35.52	33.31	34.02
Days Payable Outstanding (DPO)	34.39	35.83	32.61	48.70	31.95	47.35	54.13	60.58	27.50	54.46
Cash Conversion Cycle (CCC)	39.86	32.37	40.10	29.04	34.73	22.50	28.60	12.49	33.43	10.55
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	426	423	429	437	423	411	434	412	366	346
Invested Capital Turnover	1.57	1.68	1.66	1.65	1.76	1.65	1.57	1.80	1.88	1.92
Increase / (Decrease) in Invested Capital	3.13	12	-4.94	24	57	65	133	184	129	153
Enterprise Value (EV)	594	675	724	950	910	616	456	869	815	824
Market Capitalization	531	614	661	885	857	558	360	793	759	786
Book Value per Share	$6.91	$6.90	$6.90	$7.01	$7.02	$6.69	$7.59	$7.58	$7.01	$6.78
Tangible Book Value per Share	$6.91	$6.90	$6.90	$7.01	$7.02	$6.69	$7.59	$7.58	$7.01	$6.78
Total Capital	459	446	457	467	465	454	468	449	401	383
Total Debt	96	84	90	95	95	101	131	112	92	84
Total Long-Term Debt	96	83	83	67	39	73	105	82	57	53
Net Debt	63	61	63	64	53	58	97	76	57	38
Capital Expenditures (CapEx)	11	18	21	19	18	17	24	24	32	38
Debt-free, Cash-free Net Working Capital (DFCFNWC)	13	15	19	32	34	12	27	20	-15	-24
Debt-free Net Working Capital (DFNWC)	46	38	47	62	76	55	61	56	20	22
Net Working Capital (NWC)	45	38	40	34	20	27	36	27	-15	-8.48
Net Nonoperating Expense (NNE)	0.18	1.35	-0.89	0.56	-1.25	-6.93	0.02	0.87	0.54	2.56
Net Nonoperating Obligations (NNO)	63	61	63	64	53	58	97	76	57	48
Total Depreciation and Amortization (D&A)	17	18	16	15	15	15	14	12	11	12
Debt-free, Cash-free Net Working Capital to Revenue	1.88%	2.21%	2.71%	4.55%	4.95%	1.89%	4.72%	3.40%	-2.71%	-4.68%
Debt-free Net Working Capital to Revenue	6.84%	5.48%	6.56%	8.91%	11.00%	8.74%	10.60%	9.74%	3.59%	4.32%
Net Working Capital to Revenue	6.78%	5.43%	5.55%	4.88%	2.85%	4.27%	6.21%	4.60%	-2.71%	-1.64%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.18)	($0.03)	$0.08	$0.24	$0.62	$0.41	$0.17	$0.57	$0.33	$0.61
Adjusted Weighted Average Basic Shares Outstanding	54.00M	52.53M	52.45M	53.09M	53.09M	52.69M	52.69M	44.28M	44.45M	44.09M
Adjusted Diluted Earnings per Share	($0.17)	($0.03)	$0.08	$0.23	$0.59	$0.40	$0.17	$0.57	$0.34	$0.60
Adjusted Weighted Average Diluted Shares Outstanding	54.00M	52.53M	52.45M	53.09M	53.09M	52.69M	52.69M	44.69M	44.45M	44.54M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	54.00M	52.53M	52.45M	53.09M	53.09M	52.69M	52.69M	44.41M	44.45M	44.12M
Normalized Net Operating Profit after Tax (NOPAT)	4.04	1.12	4.65	2.59	29	13	7.57	26	15	29
Normalized NOPAT Margin	2.36%	0.67%	2.99%	1.50%	14.20%	6.70%	5.51%	15.71%	11.03%	21.52%
Pre Tax Income Margin	3.55%	-0.11%	4.16%	1.49%	19.17%	13.35%	7.29%	18.52%	12.92%	24.47%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	219.82%	86.28%	54.69%	48.37%	31.37%	34.64%	28.55%	20.63%	17.27%	12.47%
Augmented Payout Ratio	219.82%	86.28%	54.69%	48.37%	31.37%	34.64%	28.55%	20.63%	17.27%	12.47%

Frequently Asked Questions About Ramaco Resources' Financials

When does Ramaco Resources's financial year end?

According to the most recent income statement we have on file, Ramaco Resources' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Ramaco Resources' net income changed over the last 2 years?

Ramaco Resources' net income appears to be on a downward trend, with a most recent value of $11.19 million in 2024, falling from $116.04 million in 2022. The previous period was $82.31 million in 2023. Check out Ramaco Resources' forecast to explore projected trends and price targets.

What is Ramaco Resources's operating income?

Ramaco Resources's total operating income in 2024 was $16.64 million, based on the following breakdown:

Total Gross Profit: $133.00 million
Total Operating Expenses: $116.37 million

How has Ramaco Resources revenue changed over the last 2 years?

Over the last 2 years, Ramaco Resources' total revenue changed from $565.69 million in 2022 to $666.30 million in 2024, a change of 17.8%.

How much debt does Ramaco Resources have?

Ramaco Resources' total liabilities were at $311.88 million at the end of 2024, a 5.3% increase from 2023, and a 8.6% increase since 2022.

How much cash does Ramaco Resources have?

In the past 2 years, Ramaco Resources' cash and equivalents has ranged from $33.01 million in 2024 to $41.96 million in 2023, and is currently $33.01 million as of their latest financial filing in 2024.

How has Ramaco Resources' book value per share changed over the last 2 years?

Over the last 2 years, Ramaco Resources' book value per share changed from 7.01 in 2022 to 6.91 in 2024, a change of -1.4%.

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This page (NASDAQ:METC) was last updated on 5/22/2025 by MarketBeat.com Staff

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Ramaco Resources (METC) Financials

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Ramaco Resources (METC) Financials

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