Free Trial
→ Democrats can stall every bill. They can’t stop this Trump order. (From Priority Gold) (Ad)tc pixel Free METCB Stock Alerts

Ramaco Resources (METCB) Financials

Ramaco Resources logo
$3.94 -0.12 (-2.86%)
As of 11:41 AM Eastern
This is a fair market value price provided by Massive. Learn more.
Compare
Annual Income Statements for Ramaco Resources

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 0.00 -7.52 -15 25 25 -4.91 40 116 82 11 -51
Consolidated Net Income / (Loss)		 0.00 -7.52 -15 25 25 -4.91 40 116 82 11 -51
Net Income / (Loss) Continuing Operations		 0.00 -7.52 -15 25 25 -4.91 40 116 82 11 -51
Total Pre-Tax Income 		0.00 -7.52 -15 25 30 -8.39 44 146 105 15 -62
Total Operating Income		 0.00 -7.53 -16 24 30 -19 40 150 95 17 -56
Total Gross Profit		 0.00 0.82 0.52 51 68 23 88 233 200 133 83
Total Revenue		 0.00 5.22 61 228 230 169 283 566 694 666 537
Operating Revenue		 0.00 5.22 61 228 230 169 283 566 694 666 537
Total Cost of Revenue		 0.00 4.40 61 177 162 146 195 333 494 533 453
Operating Cost of Revenue		 - 4.40 61 177 162 146 195 333 494 533 453
Total Operating Expenses		 0.00 8.35 16 27 38 43 48 82 104 116 139
Selling, General & Admin Expense		 - 7.87 13 14 18 21 22 40 49 49 69
Depreciation Expense		 - 0.25 3.15 12 20 21 26 41 54 66 68
Other Operating Expenses / (Income)		 - 0.23 0.41 0.49 0.51 0.57 0.62 1.12 1.40 1.47 1.67
Total Other Income / (Expense), net		 0.00 0.02 0.48 1.09 0.57 11 4.87 -4.19 9.42 -1.72 -6.18
Interest & Investment Income		 - 0.14 0.27 - - -1.22 -2.56 -6.83 -8.90 -6.12 -7.80
Other Income / (Expense), net		 - 0.00 0.20 2.52 1.76 12 7.43 2.64 18 4.41 1.62
Income Tax Expense		 - 0.00 - 0.11 5.16 -3.48 4.65 30 22 3.73 -11
Basic Earnings per Share		 $0.00 $0.00 ($0.41) $0.63 $0.61 ($0.12) $0.90 $2.63 $1.77 $0.11 ($0.99)
Weighted Average Basic Shares Outstanding		 - 0.00 37.58M 40.04M 40.84M 42.46M 44.27M 44.45M 53.09M 54.00M 67.12M
Diluted Earnings per Share		 $0.00 $0.00 ($0.41) $0.62 $0.61 ($0.12) $0.90 $2.60 $1.73 $0.11 ($0.99)
Weighted Average Diluted Shares Outstanding		 - 0.00 37.58M 40.26M 40.84M 42.46M 44.27M 44.45M 53.09M 54.00M 67.12M
Weighted Average Basic & Diluted Shares Outstanding		 - - 40.08M 40.84M 40.95M 42.64M 44.27M 44.45M 53.09M 54.00M 67.12M

Quarterly Income Statements for Ramaco Resources

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

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 2.03 5.54 -0.24 3.86 -9.46 -14 -13 -15 -18 -15 -18
Consolidated Net Income / (Loss)		 2.03 5.54 -0.24 3.86 -9.46 -14 -13 -15 -18 -15 -18
Net Income / (Loss) Continuing Operations		 2.03 5.54 -0.24 3.86 -9.46 -14 -13 -15 -18 -15 -18
Total Pre-Tax Income 		2.57 6.46 -0.18 6.07 -14 -16 -17 -16 -24 -20 -23
Total Operating Income		 3.28 5.42 1.59 6.35 -12 -14 -14 -16 -24 -18 -21
Total Gross Profit		 33 33 33 35 21 19 19 25 13 17 16
Total Revenue		 173 155 167 171 135 153 121 128 122 145 150
Operating Revenue		 173 155 - 171 135 153 121 - 122 145 150
Total Cost of Revenue		 140 123 135 136 114 134 102 103 109 128 134
Operating Cost of Revenue		 140 123 135 136 114 134 102 103 109 128 134
Total Operating Expenses		 30 27 31 28 33 33 34 41 37 35 37
Selling, General & Admin Expense		 14 11 13 11 15 15 16 23 20 18 19
Depreciation Expense		 15 16 18 17 18 17 17 16 17 17 18
Other Operating Expenses / (Income)		 0.35 0.35 0.43 0.40 0.40 0.40 0.40 0.59 0.51 0.48 0.48
Total Other Income / (Expense), net		 -0.70 1.04 -1.70 -0.28 -1.73 -2.16 -2.13 -0.05 0.15 -1.33 -2.31
Interest & Investment Income		 -1.33 -1.48 - -1.61 -2.23 -2.82 -2.25 - -0.33 -1.52 -1.39
Other Income / (Expense), net		 0.63 2.52 - 1.33 0.51 0.66 0.13 - 0.49 0.19 -0.92
Income Tax Expense		 0.54 0.92 0.06 2.21 -4.29 -2.03 -3.30 -1.08 -5.84 -4.16 -5.18
Basic Earnings per Share		 $0.24 $0.26 $0.00 ($0.18) ($0.39) $0.00 $0.00 ($0.19) ($0.45) $0.00 ($0.48)
Weighted Average Basic Shares Outstanding		 53.09M 52.45M 52.53M 54.00M 54.70M 55.23M 66.00M 67.12M 65.17M 63.39M 63.68M
Diluted Earnings per Share		 $0.23 $0.26 $0.00 ($0.17) ($0.39) $0.00 $0.00 ($0.19) ($0.45) $0.00 ($0.48)
Weighted Average Diluted Shares Outstanding		 53.09M 52.45M 52.53M 54.00M 54.70M 55.23M 66.00M 67.12M 65.17M 63.39M 63.68M
Weighted Average Basic & Diluted Shares Outstanding		 53.09M 52.45M 52.53M 54.00M 54.70M 55.23M 66.00M 67.12M 65.17M 63.39M 63.68M

Annual Cash Flow Statements for Ramaco Resources

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 0.99 4.20 1.02 1.16 -0.52 -0.16 16 14 6.31 -8.96 407
Net Cash From Operating Activities		 -1.92 -3.86 -8.47 36 42 13 53 188 161 113 1.97
Net Cash From Continuing Operating Activities		 -1.92 -3.86 -8.47 36 42 13 53 188 161 113 1.97
Net Income / (Loss) Continuing Operations		 -2.34 -7.52 -15 25 25 -4.91 40 116 82 11 -51
Consolidated Net Income / (Loss)		 -2.34 -7.52 -15 25 25 -4.91 40 116 82 11 -51
Depreciation Expense		 0.00 0.25 3.15 12 20 21 26 41 54 66 68
Amortization Expense		 - 0.00 - 0.57 0.06 0.06 0.21 0.49 0.78 0.93 2.71
Non-Cash Adjustments To Reconcile Net Income		 0.07 3.62 3.23 3.13 4.57 -3.73 0.47 7.98 4.12 19 19
Changes in Operating Assets and Liabilities, net		 0.34 -0.22 0.57 -5.02 -6.70 0.98 -13 22 20 16 -37
Net Cash From Investing Activities		 -3.46 -77 -20 -43 -46 -25 -60 -146 -72 -71 -84
Net Cash From Continuing Investing Activities		 -3.46 -77 -20 -43 -46 -25 -60 -145 -72 -71 -84
Purchase of Property, Plant & Equipment		 -4.85 -17 -75 -48 -46 -25 -29 -123 -83 -69 -83
Sale of Property, Plant & Equipment		 - - - - - - 0.00 0.00 11 0.00 0.00
Other Investing Activities, net		 1.39 - - - - 0.00 0.00 -9.90 -0.56 -1.99 -0.63
Net Cash From Financing Activities		 6.37 86 29 7.92 2.83 11 22 -28 -83 -51 489
Net Cash From Continuing Financing Activities		 6.37 86 29 7.92 2.83 11 22 -28 -83 -51 489
Repayment of Debt		 -1.39 -0.92 -11 -23 -70 -46 -29 -47 -168 -199 -92
Payment of Dividends		 0.00 0.00 -5.41 - - 0.00 0.00 -20 -26 -25 -4.34
Issuance of Debt		 1.02 0.86 - 31 74 50 54 42 130 197 450
Issuance of Common Equity		 0.00 0.00 48 - - - - - 0.00 0.00 189
Other Financing Activities, net		 6.74 1.88 -0.13 -0.99 -0.59 6.84 -3.34 -3.08 -19 -24 -54
Cash Interest Paid		 0.00 0.11 0.09 0.83 1.00 1.10 1.60 7.06 8.11 4.76 8.06
Cash Income Taxes Paid		 0.00 0.00 0.00 0.00 0.00 0.02 0.01 16 0.77 1.23 2.24

Quarterly Cash Flow Statements for Ramaco Resources

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 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026
Net Change in Cash & Equivalents		 -11 -2.93 -4.71 10 10 -15 166 247 -85 -73 -50
Net Cash From Operating Activities		 25 34 37 16 26 -4.26 -1.44 -18 -35 12 -12
Net Cash From Continuing Operating Activities		 25 34 37 16 26 -4.26 -1.44 -18 -35 12 -12
Net Income / (Loss) Continuing Operations		 2.03 5.54 -0.24 3.86 -9.46 -14 -13 -15 -18 -15 -18
Consolidated Net Income / (Loss)		 2.03 5.54 -0.24 3.86 -9.46 -14 -13 -15 -18 -15 -18
Depreciation Expense		 15 16 18 17 18 17 17 16 17 17 18
Amortization Expense		 0.21 0.23 0.22 0.27 0.35 0.36 0.87 1.13 0.92 0.93 0.94
Non-Cash Adjustments To Reconcile Net Income		 5.03 4.94 4.32 4.61 3.76 5.15 5.13 5.22 4.97 5.46 5.59
Changes in Operating Assets and Liabilities, net		 2.70 7.82 15 -9.77 14 -13 -11 -27 -39 4.39 -18
Net Cash From Investing Activities		 -19 -21 -18 -13 -22 -14 -20 -28 -17 -27 -36
Net Cash From Continuing Investing Activities		 -19 -21 -18 -13 -22 -14 -20 -28 -17 -27 -36
Purchase of Property, Plant & Equipment		 -19 -21 -18 -11 -20 -15 -20 -28 -17 -27 -36
Other Investing Activities, net		 0.07 0.09 -0.33 -1.81 -1.94 1.05 0.22 0.05 0.48 -0.23 -0.18
Net Cash From Financing Activities		 -18 -16 -24 7.19 6.67 3.02 187 292 -34 -57 -1.88
Net Cash From Continuing Financing Activities		 -18 -16 -24 7.19 6.67 3.02 187 292 -34 -57 -1.88
Repayment of Debt		 -55 -53 -49 -38 -7.17 -23 -71 9.26 -3.98 -3.47 -2.03
Other Financing Activities, net		 -5.75 - -7.44 -15 -2.68 - -0.92 -50 -18 -0.00 0.15
Cash Interest Paid		 - - - - 1.33 - - - 2.32 3.78 2.93

Annual Balance Sheets for Ramaco Resources

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 119 148 188 227 229 329 596 666 675 1,141
Total Current Assets		 63 29 35 44 42 87 147 190 168 598
Cash & Equivalents		 5.20 5.93 6.95 5.53 5.30 22 36 42 33 440
Accounts Receivable		 0.91 7.17 11 19 20 44 41 97 74 54
Inventories, net		 1.52 10 14 15 12 16 45 37 43 87
Prepaid Expenses		 0.39 1.10 3.15 4.27 4.95 4.63 26 14 18 16
Plant, Property, & Equipment, net		 46 115 149 178 181 227 430 459 482 512
Total Noncurrent Assets		 9.52 3.19 4.02 4.29 5.59 15 19 17 25 31
Noncurrent Note & Lease Receivables		 - - - - 0.00 9.13 13 10 12 16
Other Noncurrent Operating Assets		 4.32 3.19 4.02 4.29 5.59 6.07 6.10 6.72 13 15
Total Liabilities & Shareholders' Equity		 119 148 188 227 229 329 596 666 675 1,141
Total Liabilities		 35 35 47 57 60 118 287 296 312 657
Total Current Liabilities		 15 22 30 26 29 47 163 170 122 110
Short-Term Debt		 0.50 0.00 5.00 3.33 4.87 7.67 36 57 0.36 0.06
Accounts Payable		 8.96 20 16 11 12 15 35 52 49 42
Accrued Expenses		 1.17 2.82 8.09 12 12 19 42 52 62 55
Other Current Liabilities		 4.73 0.07 0.36 0.68 0.91 4.23 51 9.60 12 13
Total Noncurrent Liabilities		 109 12 17 30 30 71 124 126 189 548
Long-Term Debt		 11 0.00 4.47 9.61 13 36 52 34 88 451
Capital Lease Obligations		 - - - - 0.00 4.60 4.92 4.92 7.52 10
Asset Retirement Reserve & Litigation Obligation		 9.43 12 13 15 15 22 29 29 30 33
Noncurrent Deferred & Payable Income Tax Liabilities		 - 0.00 0.11 5.27 1.76 6.41 36 54 56 44
Other Noncurrent Operating Liabilities		 89 - - 0.85 0.97 2.53 3.30 4.48 7.72 8.53
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -4.99 113 141 170 169 211 309 370 363 484
Total Preferred & Common Equity		 -4.99 113 141 170 169 211 309 370 363 484
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -4.99 113 141 170 169 211 309 370 363 484
Common Stock		 0.00 149 151 155 159 164 169 278 293 484
Retained Earnings		 -18 -35 -10 15 9.81 47 140 92 70 -0.31
Other Equity Adjustments		 13 - - - - - - - - 0.00

Quarterly Balance Sheets for Ramaco Resources

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 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026 9/30/2026
Total Assets		 660 647 674 659 645 686 675 850 1,092 1,025 1,006
Total Current Assets		 178 169 183 161 147 164 155 329 543 461 424
Cash & Equivalents		 34 43 31 28 23 43 28 194 355 283 233
Accounts Receivable		 59 64 104 70 63 52 56 44 66 61 77
Inventories, net		 67 50 41 52 53 56 59 82 106 100 94
Prepaid Expenses		 18 12 7.29 11 7.85 12 12 9.70 16 17 20
Plant, Property, & Equipment, net		 458 457 466 475 477 488 487 489 517 533 552
Total Noncurrent Assets		 25 21 25 24 22 34 32 32 32 31 30
Noncurrent Note & Lease Receivables		 17 13 17 14 12 20 20 20 15 14 13
Other Noncurrent Operating Assets		 7.66 7.57 8.00 9.81 9.96 14 13 12 17 17 17
Total Liabilities & Shareholders' Equity		 660 647 674 659 645 686 675 850 1,092 1,025 1,006
Total Liabilities		 323 294 302 293 284 330 327 323 655 649 643
Total Current Liabilities		 142 143 148 121 109 124 114 111 111 109 107
Short-Term Debt		 25 28 28 7.20 0.38 0.31 0.22 9.11 0.01 0.00 0.00
Accounts Payable		 50 52 60 48 54 59 56 42 57 50 44
Accrued Expenses		 39 46 50 58 48 54 48 58 43 50 55
Other Current Liabilities		 28 16 11 7.69 6.24 11 9.70 1.32 11 8.78 8.20
Total Noncurrent Liabilities		 181 152 153 172 175 206 213 212 543 540 536
Long-Term Debt		 97 67 58 76 77 104 114 116 452 453 454
Capital Lease Obligations		 8.30 5.77 8.54 7.51 6.68 13 12 11 9.14 8.16 7.72
Asset Retirement Reserve & Litigation Obligation		 30 28 29 29 31 30 31 31 34 35 35
Noncurrent Deferred & Payable Income Tax Liabilities		 42 46 52 55 55 51 50 46 38 34 29
Other Noncurrent Operating Liabilities		 4.08 4.32 4.96 4.94 5.41 6.75 7.06 7.31 9.41 9.74 10
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 337 353 372 366 362 355 347 527 437 376 363
Total Preferred & Common Equity		 337 353 372 366 362 355 347 527 437 376 363
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 337 353 372 366 362 355 347 527 437 376 363
Common Stock		 273 276 280 277 282 307 315 510 471 476 482
Retained Earnings		 64 76 92 89 80 48 33 17 -19 -34 -52
Other Equity Adjustments		 - - - - - - - - - - -66

Annual Metrics And Ratios for Ramaco Resources

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

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 55,230,487.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 55,230,487.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - -0.93
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 0.00% 1,070.17% 272.85% 1.16% -26.63% 67.77% 99.61% 22.60% -3.93% -19.46%
EBITDA Growth		 0.00% 0.00% -72.23% 415.96% 28.44% -72.87% 431.63% 165.34% -13.41% -48.05% -81.13%
EBIT Growth		 0.00% 0.00% -108.35% 269.63% 17.57% -122.91% 755.25% 225.85% -25.79% -81.47% -358.21%
NOPAT Growth		 0.00% 0.00% -111.06% 315.62% 1.99% -154.63% 364.84% 237.24% -37.25% -83.34% -413.88%
Net Income Growth		 0.00% 0.00% -105.15% 262.64% -0.56% -119.68% 910.25% 191.86% -29.07% -86.40% -559.67%
EPS Growth		 0.00% 0.00% 0.00% 251.22% -1.61% -119.67% 850.00% 188.89% -33.46% -93.64% -243.48%
Operating Cash Flow Growth		 0.00% -101.48% -119.35% 527.24% 17.13% -68.59% 300.69% 252.21% -14.28% -30.04% -98.25%
Free Cash Flow Firm Growth		 0.00% 0.00% -418.85% 89.95% 45.92% -82.04% -19.90% 55.16% 294.52% -47.75% -1,363.19%
Invested Capital Growth		 0.00% 0.00% 271.90% 40.45% 23.58% 2.11% 30.85% 54.21% 15.59% 0.74% 18.54%
Revenue Q/Q Growth		 0.00% 0.00% 49.72% 9.72% 0.62% 39.09% -1.93% 9.21% 10.78% -4.56% -7.40%
EBITDA Q/Q Growth		 0.00% 0.00% 5.89% 23.52% 3.10% 26.07% 115.17% 0.08% 17.18% -25.80% -54.37%
EBIT Q/Q Growth		 0.00% 0.00% -5.68% 23.75% 0.41% 27.90% 378.23% -2.42% 23.38% -60.93% -59.83%
NOPAT Q/Q Growth		 0.00% 0.00% -7.05% 23.56% -7.00% -34.46% 260.45% -3.59% 22.92% -66.48% -64.60%
Net Income Q/Q Growth		 0.00% 0.00% -7.42% 31.41% -5.69% -1,979.24% 116.82% -3.54% 23.48% -70.05% -56.46%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 31.91% -7.58% -400.00% 143.24% -2.62% 16.89% -87.36% 16.10%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 39.89% 47.53% 0.59% -21.26% 6.42% 7.73% 8.41% -18.68% -94.53%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 57.02% -62.08% 28.35% -317.66% 68.91% 594.50% -62.90% -67.73%
Invested Capital Q/Q Growth		 0.00% 0.00% 18.20% -1.87% -0.55% -5.81% 23.00% 5.63% 2.91% 0.72% 7.54%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 0.00% 15.70% 0.84% 22.42% 29.43% 13.86% 31.05% 41.14% 28.80% 19.96% 15.51%
EBITDA Margin		 0.00% -139.53% -20.54% 17.40% 22.10% 8.17% 25.89% 34.42% 24.31% 13.15% 3.08%
Operating Margin		 0.00% -144.36% -26.04% 10.59% 12.83% -11.30% 13.95% 26.58% 13.73% 2.50% -10.43%
EBIT Margin		 0.00% -144.36% -25.70% 11.69% 13.59% -4.24% 16.57% 27.05% 16.38% 3.16% -10.13%
Profit (Net Income) Margin		 0.00% -144.08% -25.26% 11.02% 10.83% -2.91% 14.03% 20.51% 11.87% 1.68% -9.59%
Tax Burden Percent		 0.00% 100.00% 100.00% 99.55% 82.85% 58.48% 89.54% 79.37% 78.65% 75.01% 82.79%
Interest Burden Percent		 0.00% 99.80% 98.27% 94.64% 96.19% 117.08% 94.56% 95.54% 92.16% 70.90% 114.36%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.45% 17.15% 0.00% 10.46% 20.63% 21.35% 24.99% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% -52.02% 19.51% 15.24% -7.45% 16.92% 39.60% 19.00% 2.94% -8.42%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% -38.94% -5.72% 24.66% 79.01% 39.74% 31.54% 32.51% 0.73% -37.54%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 23.58% 0.19% 0.79% 4.56% 4.00% 5.01% 5.25% 0.12% -3.74%
Return on Equity (ROE)		 0.00% 150.73% -28.44% 19.70% 16.02% -2.89% 20.92% 44.61% 24.25% 3.06% -12.16%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% -169.05% -14.14% -5.85% -9.54% -9.81% -3.05% 4.54% 2.20% -25.38%
Operating Return on Assets (OROA)		 0.00% -6.32% -11.74% 15.83% 15.08% -3.15% 16.84% 33.07% 18.00% 3.14% -5.99%
Return on Assets (ROA)		 0.00% -6.30% -11.54% 14.91% 12.01% -2.15% 14.26% 25.08% 13.04% 1.67% -5.67%
Return on Common Equity (ROCE)		 0.00% 150.73% -28.44% 19.70% 16.02% -2.89% 20.92% 44.61% 24.25% 3.06% -12.16%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 150.73% -13.60% 17.77% 14.66% -2.90% 18.84% 37.53% 22.27% 3.08% 0.00%
Net Operating Profit after Tax (NOPAT)		 0.00 -5.27 -11 24 24 -13 35 119 75 12 -39
NOPAT Margin		 0.00% -101.05% -18.23% 10.54% 10.63% -7.91% 12.49% 21.10% 10.80% 1.87% -7.30%
Net Nonoperating Expense Percent (NNEP)		 0.00% -8.23% -13.08% 25.23% -9.42% -86.46% -22.82% 8.06% -13.51% 2.22% 29.12%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 29.74% 16.12% 2.72% -4.14%
Cost of Revenue to Revenue		 0.00% 84.30% 99.16% 77.58% 70.57% 86.14% 68.95% 58.86% 71.20% 80.04% 84.49%
SG&A Expenses to Revenue		 0.00% 150.84% 21.05% 6.15% 7.90% 12.45% 7.63% 7.08% 7.04% 7.40% 12.93%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 160.07% 26.88% 11.83% 16.60% 25.16% 17.10% 14.56% 15.07% 17.46% 25.94%
Earnings before Interest and Taxes (EBIT)		 0.00 -7.53 -16 27 31 -7.17 47 153 114 21 -54
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 0.00 -7.28 -13 40 51 14 73 195 169 88 17
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 2.30 1.35 0.83 0.70 3.73 2.45 2.32 1.46 2.06
Price to Tangible Book Value (P/TBV)		 0.00 0.00 2.30 1.35 0.83 0.70 3.73 2.45 2.32 1.46 2.06
Price to Revenue (P/Rev)		 0.00 0.00 4.28 0.84 0.61 0.70 2.78 1.34 1.24 0.80 1.85
Price to Earnings (P/E)		 0.00 0.00 0.00 7.59 5.64 0.00 19.79 6.54 10.41 47.46 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.54% 5.48% 2.69%
Earnings Yield		 0.00% 0.00% 0.00% 13.17% 17.73% 0.00% 5.05% 15.30% 9.60% 2.11% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 2.45 1.34 0.83 0.72 3.43 2.23 2.15 1.40 2.01
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 4.10 0.85 0.64 0.77 2.87 1.44 1.31 0.89 1.89
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 4.87 2.91 9.43 11.08 4.19 5.40 6.78 61.43
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 7.25 4.73 0.00 17.31 5.33 8.01 28.24 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 8.04 6.05 0.00 22.97 6.83 12.15 47.61 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 5.33 3.49 9.78 15.24 4.34 5.65 5.27 515.69
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 50.85 63.54 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 -2.23 0.00 0.07 0.08 0.10 0.23 0.30 0.26 0.26 0.95
Long-Term Debt to Equity		 0.00 -2.13 0.00 0.03 0.06 0.07 0.19 0.18 0.10 0.26 0.95
Financial Leverage		 0.00 10.93 -0.61 -0.03 0.03 0.06 0.10 0.16 0.16 0.16 0.10
Leverage Ratio		 0.00 -23.91 2.47 1.32 1.33 1.34 1.47 1.78 1.86 1.83 2.14
Compound Leverage Factor		 0.00 -23.86 2.42 1.25 1.28 1.57 1.39 1.70 1.71 1.30 2.45
Debt to Total Capital		 0.00% 181.16% 0.00% 6.29% 7.07% 9.35% 18.52% 22.96% 20.46% 20.94% 48.84%
Short-Term Debt to Total Capital		 0.00% 8.14% 0.00% 3.32% 1.82% 2.61% 2.96% 8.88% 12.17% 0.08% 0.01%
Long-Term Debt to Total Capital		 0.00% 173.02% 0.00% 2.97% 5.25% 6.74% 15.56% 14.08% 8.30% 20.86% 48.83%
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% 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% 0.00%
Common Equity to Total Capital		 0.00% -81.16% 100.00% 93.71% 92.93% 90.65% 81.48% 77.04% 79.54% 79.06% 51.16%
Debt to EBITDA		 0.00 -1.53 0.00 0.24 0.25 1.26 0.65 0.47 0.56 1.10 27.93
Net Debt to EBITDA		 0.00 7.49 0.00 0.06 0.15 0.88 0.36 0.29 0.32 0.72 1.29
Long-Term Debt to EBITDA		 0.00 -1.46 0.00 0.11 0.19 0.91 0.55 0.29 0.23 1.09 27.92
Debt to NOPAT		 0.00 -2.11 0.00 0.39 0.53 -1.31 1.36 0.77 1.27 7.70 -11.78
Net Debt to NOPAT		 0.00 10.34 0.00 0.11 0.30 -0.91 0.74 0.47 0.71 5.05 -0.54
Long-Term Debt to NOPAT		 0.00 -2.02 0.00 0.19 0.39 -0.94 1.14 0.47 0.51 7.67 -11.78
Altman Z-Score		 0.00 0.00 4.30 4.06 3.14 1.96 5.68 3.68 3.57 2.34 1.73
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.00 4.12 1.31 1.17 1.68 1.46 1.86 0.91 1.12 1.37 5.46
Quick Ratio		 0.00 3.99 0.82 0.59 0.94 0.88 1.42 0.47 0.82 0.87 4.52
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 54 -173 -17 -9.40 -17 -21 -9.20 18 9.35 -118
Operating Cash Flow to CapEx		 -39.52% -23.09% -11.29% 75.17% 92.70% 53.78% 181.02% 152.72% 224.76% 163.66% 2.37%
Free Cash Flow to Firm to Interest Expense		 0.00 437.25 0.00 -12.18 -7.88 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 -31.14 0.00 25.36 35.53 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 -166.00 0.00 -8.38 -2.80 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.04 0.46 1.35 1.11 0.74 1.02 1.22 1.10 0.99 0.59
Accounts Receivable Turnover		 0.00 5.70 15.11 25.43 15.36 8.54 8.75 13.21 10.05 7.82 8.39
Inventory Turnover		 0.00 2.90 10.46 14.57 11.04 10.70 14.09 10.96 12.02 13.25 6.95
Fixed Asset Turnover		 0.00 0.11 0.75 1.72 1.41 0.94 1.39 1.72 1.56 1.42 1.08
Accounts Payable Turnover		 0.00 0.49 4.25 9.83 12.01 12.99 14.43 13.27 11.42 10.62 10.02
Days Sales Outstanding (DSO)		 0.00 64.01 24.16 14.35 23.77 42.74 41.70 27.62 36.33 46.69 43.51
Days Inventory Outstanding (DIO)		 0.00 126.06 34.91 25.06 33.08 34.13 25.91 33.31 30.36 27.56 52.53
Days Payable Outstanding (DPO)		 0.00 743.44 85.91 37.14 30.39 28.10 25.30 27.50 31.95 34.39 36.41
Cash Conversion Cycle (CCC)		 0.00 -553.36 -26.84 2.27 26.46 48.76 42.31 33.43 34.73 39.86 59.63
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 0.00 -59 102 144 177 181 237 366 423 426 505
Invested Capital Turnover		 0.00 -0.18 2.85 1.85 1.43 0.94 1.35 1.88 1.76 1.57 1.15
Increase / (Decrease) in Invested Capital		 0.00 -59 162 41 34 3.75 56 129 57 3.13 79
Enterprise Value (EV)		 0.00 0.00 250 193 148 130 813 815 910 594 1,015
Market Capitalization		 0.00 0.00 261 190 141 118 787 759 857 531 994
Book Value per Share		 $0.00 $0.00 $2.87 $3.52 $4.16 $3.96 $4.79 $7.01 $7.02 $6.91 $7.20
Tangible Book Value per Share		 $0.00 $0.00 $2.87 $3.52 $4.16 $3.96 $4.79 $7.01 $7.02 $6.91 $7.20
Total Capital		 0.00 6.14 113 151 183 187 259 401 465 459 945
Total Debt		 0.00 11 0.00 9.47 13 17 48 92 95 96 462
Total Long-Term Debt		 0.00 11 0.00 4.47 9.61 13 40 57 39 96 462
Net Debt		 0.00 -55 -11 2.52 7.42 12 26 57 53 63 21
Capital Expenditures (CapEx)		 4.85 17 75 48 46 25 29 123 72 69 83
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -12 -4.10 3.22 16 13 26 -15 34 13 48
Debt-free Net Working Capital (DFNWC)		 0.00 48 7.04 10 21 18 48 20 76 46 488
Net Working Capital (NWC)		 0.00 48 7.04 5.17 18 13 40 -15 20 45 488
Net Nonoperating Expense (NNE)		 0.00 2.24 4.29 -1.09 -0.47 -8.46 -4.36 3.33 -7.41 1.29 12
Net Nonoperating Obligations (NNO)		 0.00 -55 -11 2.52 7.42 12 26 57 53 63 21
Total Depreciation and Amortization (D&A)		 0.00 0.25 3.15 13 20 21 26 42 55 67 71
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -230.72% -6.71% 1.42% 6.83% 7.67% 9.13% -2.71% 4.95% 1.88% 8.91%
Debt-free Net Working Capital to Revenue		 0.00% 927.92% 11.53% 4.47% 9.23% 10.81% 16.86% 3.59% 11.00% 6.84% 90.97%
Net Working Capital to Revenue		 0.00% 918.33% 11.53% 2.27% 7.78% 7.92% 14.15% -2.71% 2.85% 6.78% 90.96%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.63 $0.61 ($0.12) $0.00 $2.63 $1.77 $0.11 ($0.99)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 40.08M 40.04M 40.84M 42.46M 0.00 44.16M 53.09M 54.00M 67.12M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.62 $0.61 ($0.12) $0.00 $2.60 $1.73 $0.11 ($0.99)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 40.08M 40.26M 40.84M 42.46M 0.00 44.70M 53.09M 54.00M 67.12M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 40.08M 40.84M 40.95M 42.64M 0.00 44.45M 53.09M 54.00M 67.12M
Normalized Net Operating Profit after Tax (NOPAT)		 0.00 -5.27 -11 24 24 -13 35 119 75 12 -39
Normalized NOPAT Margin		 0.00% -101.05% -18.23% 10.54% 10.63% -7.91% 12.49% 21.10% 10.80% 1.87% -7.30%
Pre Tax Income Margin		 0.00% -144.08% -25.26% 11.07% 13.07% -4.97% 15.67% 25.84% 15.09% 2.24% -11.58%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 -60.73 0.00 18.65 26.23 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 -42.51 0.00 16.81 20.51 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 -195.59 0.00 -15.08 -12.10 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 -177.37 0.00 -16.92 -17.82 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% -35.06% 0.00% 0.00% 0.00% 0.00% 17.27% 31.37% 219.82% -8.44%
Augmented Payout Ratio		 0.00% 0.00% -46.45% 0.00% 0.00% 0.00% 0.00% 17.27% 31.37% 219.82% -8.44%

Quarterly Metrics And Ratios for Ramaco Resources

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

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026
DEI Shares Outstanding		 - - - - - - - 55,230,487.00 67,119,305.00 65,174,863.00 63,388,239.00
DEI Adjusted Shares Outstanding		 - - - - - - - 55,230,487.00 67,119,305.00 65,174,863.00 63,388,239.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - -0.27 -0.27 -0.24 -0.29
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 3.80% 12.98% -10.46% -15.70% -22.02% -1.52% -27.73% -25.10% -9.69% -5.33% 24.04%
EBITDA Growth		 -57.15% -8.57% -53.52% -55.25% -67.01% -82.49% -82.29% -91.39% -198.51% -107.60% -195.95%
EBIT Growth		 -88.21% -36.71% -94.46% -81.03% -395.01% -266.13% -1,008.53% -345.72% -106.82% -36.96% -53.43%
NOPAT Growth		 -90.10% -38.63% -91.10% -85.98% -425.25% -308.51% -1,008.53% -370.62% -102.17% -31.81% -45.78%
Net Income Growth		 -91.95% -26.67% -101.23% -87.16% -565.40% -352.19% -5,468.20% -481.21% -93.71% -10.31% -37.02%
EPS Growth		 -59.65% -52.94% -107.50% -128.81% -269.57% -257.69% 0.00% -195.00% -15.38% 0.00% 0.00%
Operating Cash Flow Growth		 17.91% 21.97% -46.52% -62.27% 3.38% -112.38% -103.85% -217.13% -232.89% 385.77% -730.81%
Free Cash Flow Firm Growth		 86.29% 107.67% 79.03% 103.22% 93.63% -372.57% -420.35% -9,985.30% -9,364.97% -366.20% -140.70%
Invested Capital Growth		 5.87% -1.14% 2.93% 0.74% -1.61% 3.84% 11.03% 18.54% 26.38% 24.50% 25.96%
Revenue Q/Q Growth		 -14.82% -10.05% 7.79% 2.08% -21.20% 13.59% -20.90% 5.79% -5.00% 19.07% 3.65%
EBITDA Q/Q Growth		 -64.92% 24.41% -18.70% 26.13% -74.14% -33.99% -17.41% -42.25% -412.90% 94.91% -980.00%
EBIT Q/Q Growth		 -90.36% 103.30% -80.87% 406.19% -249.88% -14.49% -9.83% -7.78% -52.61% 24.19% -21.98%
NOPAT Q/Q Growth		 -91.01% 79.62% -75.99% 261.82% -308.44% -15.16% -4.61% -7.78% -55.72% 24.92% -15.69%
Net Income Q/Q Growth		 -93.24% 172.69% -104.31% 1,714.23% -345.13% -47.76% 4.77% -10.51% -24.56% 15.85% -18.29%
EPS Q/Q Growth		 -61.02% -65.22% -137.50% -466.67% -129.41% -5.13% 100.00% 0.00% -136.84% 100.00% 0.00%
Operating Cash Flow Q/Q Growth		 -39.39% 36.63% 8.62% -58.05% 66.04% -116.36% 66.17% -1,174.74% -88.38% 135.18% -198.34%
Free Cash Flow Firm Q/Q Growth		 23.41% 144.37% -213.74% 108.33% -251.49% -1,798.05% -117.13% -58.33% -45.05% 6.51% -12.11%
Invested Capital Q/Q Growth		 3.30% -1.77% -1.43% 0.72% 0.89% 3.67% 5.40% 7.54% 7.56% 2.12% 6.64%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 19.09% 20.95% 19.52% 20.37% 15.24% 12.28% 15.83% 19.35% 10.77% 11.48% 10.85%
EBITDA Margin		 11.20% 15.48% 11.68% 14.43% 4.74% 2.75% 2.87% 1.57% -5.17% -0.22% -2.30%
Operating Margin		 1.90% 3.49% 0.95% 3.72% -8.93% -9.05% -11.97% -12.19% -19.99% -12.60% -14.07%
EBIT Margin		 2.26% 5.11% 0.91% 4.50% -8.55% -8.62% -11.97% -12.19% -19.59% -12.47% -14.68%
Profit (Net Income) Margin		 1.18% 3.57% -0.14% 2.26% -7.02% -9.14% -11.00% -11.49% -15.06% -10.65% -12.15%
Tax Burden Percent		 79.00% 85.83% 134.27% 63.56% 68.79% 87.32% 80.13% 93.19% 75.84% 78.74% 77.87%
Interest Burden Percent		 65.88% 81.34% -11.73% 79.00% 119.36% 121.37% 114.67% 101.11% 101.40% 108.41% 106.31%
Effective Tax Rate		 21.00% 14.17% 0.00% 36.44% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 2.47% 4.98% 1.12% 3.71% -9.06% -9.07% -10.88% -9.84% -15.06% -9.09% -10.11%
ROIC Less NNEP Spread (ROIC-NNEP)		 1.68% 6.10% -1.16% 3.40% -10.57% -14.40% -190.98% -18.81% -16.51% -11.01% -14.16%
Return on Net Nonoperating Assets (RNNOA)		 0.33% 1.38% -0.19% 0.54% -2.02% -3.24% -0.76% -1.87% -3.76% -4.20% -2.72%
Return on Equity (ROE)		 2.80% 6.36% 0.92% 4.25% -11.08% -12.32% -11.64% -11.72% -18.82% -13.30% -12.83%
Cash Return on Invested Capital (CROIC)		 6.44% 12.41% 6.05% 2.20% 1.84% -6.63% -15.79% -25.38% -33.13% -31.99% -33.44%
Operating Return on Assets (OROA)		 2.41% 5.56% 0.98% 4.47% -7.90% -8.09% -9.28% -7.21% -11.54% -7.57% -8.61%
Return on Assets (ROA)		 1.25% 3.88% -0.15% 2.24% -6.49% -8.57% -8.53% -6.79% -8.87% -6.46% -7.13%
Return on Common Equity (ROCE)		 2.80% 6.36% 0.92% 4.25% -11.08% -12.32% -11.64% -11.72% -18.82% -13.30% -12.83%
Return on Equity Simple (ROE_SIMPLE)		 15.87% 15.59% 10.33% 0.00% -0.08% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 2.59 4.65 1.12 4.04 -8.42 -9.69 -10 -11 -17 -13 -15
NOPAT Margin		 1.50% 2.99% 0.67% 2.36% -6.25% -6.34% -8.38% -8.54% -13.99% -8.82% -9.85%
Net Nonoperating Expense Percent (NNEP)		 0.79% -1.12% 2.27% 0.31% 1.50% 5.33% 180.10% 8.97% 1.45% 1.91% 4.05%
Return On Investment Capital (ROIC_SIMPLE)		 - - - 0.88% -1.78% -2.05% -1.53% -1.16% -1.89% -1.53% -1.79%
Cost of Revenue to Revenue		 80.91% 79.05% 80.48% 79.63% 84.76% 87.72% 84.17% 80.65% 89.23% 88.52% 89.15%
SG&A Expenses to Revenue		 8.17% 7.02% 7.72% 6.64% 10.84% 9.92% 13.34% 18.31% 16.68% 12.14% 12.85%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 17.19% 17.47% 18.57% 16.65% 24.17% 21.33% 27.70% 31.64% 30.76% 24.08% 24.92%
Earnings before Interest and Taxes (EBIT)		 3.90 7.94 1.52 7.68 -12 -13 -14 -16 -24 -18 -22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 19 24 20 25 6.38 4.21 3.48 2.01 -6.28 -0.32 -3.46
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.38 1.81 1.70 1.46 1.25 2.07 3.48 2.06 2.37 2.29 1.44
Price to Tangible Book Value (P/TBV)		 2.38 1.81 1.70 1.46 1.25 2.07 3.48 2.06 2.37 2.29 1.44
Price to Revenue (P/Rev)		 1.26 0.92 0.88 0.80 0.71 1.15 3.16 1.85 1.98 1.67 0.96
Price to Earnings (P/E)		 14.98 11.58 16.42 47.46 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 2.32% 4.22% 4.59% 5.48% 6.71% 3.68% 1.46% 2.69% 3.13% 0.00% 0.00%
Earnings Yield		 6.68% 8.63% 6.09% 2.11% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 2.17 1.69 1.60 1.40 1.21 1.83 3.78 2.01 2.11 1.88 1.27
Enterprise Value to Revenue (EV/Rev)		 1.36 1.01 0.97 0.89 0.83 1.30 3.06 1.89 2.18 2.02 1.38
Enterprise Value to EBITDA (EV/EBITDA)		 6.65 5.15 5.72 6.78 6.95 14.90 49.01 61.43 295.60 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 11.26 9.08 12.53 28.24 92.28 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 18.43 14.90 18.12 47.61 553.52 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.76 4.23 4.87 5.27 4.57 10.91 49.30 515.69 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 34.75 13.52 26.77 63.54 65.05 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.26 0.25 0.23 0.26 0.33 0.36 0.26 0.95 1.06 1.23 1.27
Long-Term Debt to Equity		 0.18 0.23 0.23 0.26 0.33 0.36 0.24 0.95 1.06 1.23 1.27
Financial Leverage		 0.20 0.23 0.17 0.16 0.19 0.23 0.00 0.10 0.23 0.38 0.19
Leverage Ratio		 1.85 1.88 1.81 1.83 1.87 1.87 1.68 2.14 2.24 2.35 2.09
Compound Leverage Factor		 1.22 1.53 -0.21 1.45 2.23 2.27 1.93 2.17 2.27 2.55 2.22
Debt to Total Capital		 20.32% 19.80% 18.81% 20.94% 24.91% 26.63% 20.56% 48.84% 51.35% 55.07% 55.96%
Short-Term Debt to Total Capital		 6.04% 1.58% 0.09% 0.08% 0.06% 0.05% 1.37% 0.01% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 14.28% 18.22% 18.73% 20.86% 24.85% 26.58% 19.19% 48.83% 51.35% 55.07% 55.96%
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% 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% 0.00%
Common Equity to Total Capital		 79.68% 80.20% 81.19% 79.06% 75.09% 73.37% 79.44% 51.16% 48.65% 44.93% 44.04%
Debt to EBITDA		 0.66 0.64 0.71 1.10 1.58 2.30 3.76 27.93 119.21 -697.39 -59.76
Net Debt to EBITDA		 0.45 0.45 0.52 0.72 1.00 1.79 -1.59 1.29 27.40 -269.95 -29.58
Long-Term Debt to EBITDA		 0.47 0.59 0.71 1.09 1.58 2.30 3.51 27.92 119.20 -697.39 -59.76
Debt to NOPAT		 1.84 1.86 2.25 7.70 125.75 -10.05 -5.73 -11.78 -9.66 -9.07 -8.31
Net Debt to NOPAT		 1.25 1.29 1.64 5.05 79.38 -7.81 2.41 -0.54 -2.22 -3.51 -4.11
Long-Term Debt to NOPAT		 1.29 1.71 2.24 7.67 125.42 -10.03 -5.35 -11.78 -9.66 -9.07 -8.31
Altman Z-Score		 3.07 2.74 2.63 2.27 1.84 2.32 4.37 1.85 1.81 1.61 1.26
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.23 1.33 1.35 1.37 1.32 1.36 2.97 5.46 4.88 4.23 3.95
Quick Ratio		 0.90 0.80 0.79 0.87 0.77 0.74 2.15 4.52 3.79 3.15 2.89
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -22 9.59 -11 0.91 -1.38 -26 -57 -90 -130 -122 -137
Operating Cash Flow to CapEx		 134.48% 160.78% 210.18% 143.58% 128.19% -28.12% -7.20% -66.61% -197.79% 44.86% -33.68%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 -25.23 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 -0.64 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 -9.53 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.06 1.09 1.08 0.99 0.92 0.94 0.78 0.59 0.59 0.61 0.59
Accounts Receivable Turnover		 8.01 11.16 11.03 7.82 8.07 9.97 10.88 8.39 8.84 8.83 9.03
Inventory Turnover		 11.34 9.12 10.39 13.25 10.43 9.29 7.22 6.95 5.54 5.53 5.39
Fixed Asset Turnover		 1.54 1.54 1.50 1.42 1.32 1.30 1.20 1.08 1.04 1.01 1.05
Accounts Payable Turnover		 7.50 11.19 10.19 10.62 8.52 9.97 10.19 10.02 7.69 8.32 11.07
Days Sales Outstanding (DSO)		 45.54 32.70 33.08 46.69 45.22 36.61 33.54 43.51 41.29 41.32 40.43
Days Inventory Outstanding (DIO)		 32.19 40.01 35.13 27.56 35.01 39.27 50.53 52.53 65.89 65.97 67.77
Days Payable Outstanding (DPO)		 48.70 32.61 35.83 34.39 42.84 36.61 35.83 36.41 47.48 43.89 32.96
Cash Conversion Cycle (CCC)		 29.04 40.10 32.37 39.86 37.38 39.27 48.25 59.63 59.70 63.40 75.23
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 437 429 423 426 430 445 469 505 543 555 591
Invested Capital Turnover		 1.65 1.66 1.68 1.57 1.45 1.43 1.30 1.15 1.08 1.03 1.03
Increase / (Decrease) in Invested Capital		 24 -4.94 12 3.13 -7.04 16 47 79 113 109 122
Enterprise Value (EV)		 950 724 675 594 519 817 1,776 1,015 1,144 1,041 753
Market Capitalization		 885 661 614 531 444 719 1,833 994 1,038 862 524
Book Value per Share		 $7.01 $6.90 $6.90 $6.91 $6.58 $6.35 $9.54 $7.20 $6.51 $5.77 $5.73
Tangible Book Value per Share		 $7.01 $6.90 $6.90 $6.91 $6.58 $6.35 $9.54 $7.20 $6.51 $5.77 $5.73
Total Capital		 467 457 446 459 473 474 663 945 898 837 824
Total Debt		 95 90 84 96 118 126 136 462 461 461 461
Total Long-Term Debt		 67 83 83 96 118 126 127 462 461 461 461
Net Debt		 64 63 61 63 74 98 -57 21 106 178 228
Capital Expenditures (CapEx)		 19 21 18 11 20 15 20 28 17 27 36
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 32 19 15 13 -3.55 13 33 48 76 69 84
Debt-free Net Working Capital (DFNWC)		 62 47 38 46 40 41 227 488 431 352 317
Net Working Capital (NWC)		 34 40 38 45 40 41 218 488 431 352 317
Net Nonoperating Expense (NNE)		 0.56 -0.89 1.35 0.18 1.04 4.28 3.17 3.78 1.31 2.64 3.46
Net Nonoperating Obligations (NNO)		 64 63 61 63 74 98 -57 21 106 178 228
Total Depreciation and Amortization (D&A)		 15 16 18 17 18 17 18 18 18 18 19
Debt-free, Cash-free Net Working Capital to Revenue		 4.55% 2.71% 2.21% 1.88% -0.57% 2.11% 5.77% 8.91% 14.57% 13.44% 15.40%
Debt-free Net Working Capital to Revenue		 8.91% 6.56% 5.48% 6.84% 6.35% 6.61% 39.22% 90.97% 82.41% 68.26% 58.18%
Net Working Capital to Revenue		 4.88% 5.55% 5.43% 6.78% 6.30% 6.57% 37.65% 90.96% 82.41% 68.26% 58.18%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.24 $0.08 ($0.03) ($0.18) ($0.39) ($0.41) $0.00 ($0.19) ($0.45) $0.00 ($0.48)
Adjusted Weighted Average Basic Shares Outstanding		 53.09M 52.45M 52.53M 54.00M 54.70M 55.23M 66.00M 67.12M 65.17M 63.39M 63.68M
Adjusted Diluted Earnings per Share		 $0.23 $0.08 ($0.03) ($0.17) ($0.39) ($0.41) $0.00 ($0.19) ($0.45) $0.00 ($0.48)
Adjusted Weighted Average Diluted Shares Outstanding		 53.09M 52.45M 52.53M 54.00M 54.70M 55.23M 66.00M 67.12M 65.17M 63.39M 63.68M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 53.09M 52.45M 52.53M 54.00M 54.70M 55.23M 66.00M 67.12M 65.17M 63.39M 63.68M
Normalized Net Operating Profit after Tax (NOPAT)		 2.59 4.65 1.12 4.04 -8.42 -9.69 -10 -11 -17 -13 -15
Normalized NOPAT Margin		 1.50% 2.99% 0.67% 2.36% -6.25% -6.34% -8.38% -8.54% -13.99% -8.82% -9.85%
Pre Tax Income Margin		 1.49% 4.16% -0.11% 3.55% -10.21% -10.46% -13.73% -12.33% -19.86% -13.52% -15.60%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 -6.44 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 -4.51 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 -15.33 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 -13.40 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 48.37% 54.69% 86.28% 219.82% -6,316.16% -62.79% -13.59% -8.44% -3.09% 0.00% 0.00%
Augmented Payout Ratio		 48.37% 54.69% 86.28% 219.82% -6,316.16% -62.79% -13.59% -8.44% -3.09% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Ramaco Resources’ financial performance has weakened materially from the profitability levels reported in 2022 and 2023. Revenue declined from $202.7 million in Q4 2023 to $144.8 million in Q2 2026, while quarterly net income shifted from profits in 2022 and early 2023 to losses in every reported quarter since Q3 2024. The company posted a $15.4 million net loss in Q2 2026, although that was an improvement from the $18.3 million loss in Q1 2026.

Margins remain the primary concern. Q2 2026 gross profit was $16.6 million, representing an approximately 11.5% gross margin, compared with roughly 21.0% in Q2 2025 and 23.2% in Q2 2024. Operating expenses of $34.9 million exceeded gross profit, producing an $18.2 million operating loss. The sequential improvement in revenue and gross profit is encouraging, but the company has not yet returned to operating profitability.

Ramaco’s balance sheet has strengthened in liquidity but carries substantially more debt than it did in 2022-2024. Cash and equivalents totaled $282.5 million at June 30, 2026, down from $355.2 million at the end of Q1 but far above the $28.1 million reported at the end of Q2 2025. However, long-term debt increased to $452.8 million, compared with $113.6 million a year earlier. Q2 cash flow was also mixed: operating cash flow turned positive at $12.2 million, but capital expenditures of $27.1 million and share repurchases of $54.0 million contributed to a $72.7 million quarterly decline in cash.

  • Sequential operating improvement: Q2 2026 revenue increased approximately 19% from Q1, while the net loss narrowed by about 16% and gross profit increased from $13.1 million to $16.6 million.
  • Operating cash flow recovered: Ramaco generated $12.2 million of operating cash flow in Q2 2026, compared with negative operating cash flow of $34.6 million in Q1 2026.
  • Strong cash position: The company held $282.5 million in cash at the end of Q2 2026, providing a meaningful liquidity cushion despite recent cash outflows.
  • Improved short-term liquidity: Total current assets of $460.6 million exceeded current liabilities of $108.8 million by a wide margin, implying a current ratio of approximately 4.2.
  • Continued investment in productive assets: Net property, plant and equipment increased to $533.2 million from $487.3 million in Q2 2024, reflecting sustained capital investment in the business.
  • Commodity-cycle exposure: The historical results show significant quarter-to-quarter swings in revenue and profitability, making future performance dependent on coal prices, demand and operating conditions.
  • Historical figures include restatements: Several 2023-2025 income statement and cash flow figures were identified as restated, so investors should rely on the latest filings when comparing prior periods.
  • Persistent losses: Ramaco has reported quarterly net losses since Q3 2024, and Q2 2026 operating expenses continued to exceed gross profit.
  • Sharp decline in margins: The Q2 2026 gross margin of approximately 11.5% was substantially below the margins reported in comparable 2023 and 2024 quarters, indicating continued pricing or cost pressure.
  • Higher leverage and cash usage: Debt, including capital lease obligations, totaled approximately $461.0 million at June 30, 2026. First-half 2026 operating cash flow was negative, capital expenditures exceeded operating cash flow, and $54.0 million was spent on share repurchases in Q2 despite the ongoing net loss.
11/12/26 09:12 AM ETAI Generated. May Contain Errors.

Ramaco Resources Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Ramaco Resources' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Ramaco Resources' net income appears to be on an upward trend, with a most recent value of -$51.45 million in 2025, compared with $0.00 in 2015. The previous period was $11.19 million in 2024. View Ramaco Resources' forecast to see where analysts expect Ramaco Resources to go next.

Ramaco Resources' total operating income in 2025 was -$55.96 million, based on the following breakdown:
  • Total Gross Profit: $83.23 million
  • Total Operating Expenses: $139.19 million

Over the last 10 years, Ramaco Resources' total revenue changed from $0.00 in 2015 to $536.62 million in 2025, a change of 53,661,800,000.0%.

In the past 13 quarters, Ramaco Resources' cash and equivalents has ranged from $22.86 million in Q3 2024 to $355.21 million in Q1 2026, and is currently $232.95 million as of their latest financial filing in Q3 2026.

Ramaco Resources had total debt of $461.60 million at the end of 2025, a 380.5% increase from 2024, and none in 2015.

Over the last 10 years, Ramaco Resources' book value per share changed from 0.00 in 2015 to 7.20 in 2025, a change of 720.5%.


Related Companies

Financial statements for NASDAQ:METCB last updated on 11/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
Why I'm selling my Snapback Indicator for just $7
For Black Friday, Base Camp Trading's Thomas Wood is offering lifetime access to his proprietary Snapback Indi...
Base Camp Trading | Sponsoredtc pixel
Every Starlink dish pays this stock
There's a chip inside every Tesla and Starlink dish that Elon doesn't own. He pays royalties to use it. Now...
Behind the Markets | Sponsoredtc pixel
Trump compared today's market to 1929
President Trump warned of a 1929-style depression if Democrats won control of Congress. On November 3, they di...
USA Capital Gold | Sponsoredtc pixel
My public warning after 55 years of watching the markets
Dr. Martin D. Weiss has publicly predicted six major American market crashes over his 55-year career, each war...
Weiss Ratings | Sponsoredtc pixel
Your Social Security check is scheduled for a 22% cut
The U.S. now borrows money just to pay interest on money it already borrowed, a pattern economists call a debt...
American Alternative | Sponsoredtc pixel
Watch This Now
Jensen Huang, the man who launched the AI boom, just called what Elon Musk is chasing "the final frontier of A...
StocksToTrade | Sponsoredtc pixel
A Bill Would Reprice America's Gold at Market Value
The US government still values its gold at $42 an ounce, a price Congress set in 1973. Gold trades above $4,00...
Concord Gold Capital | Sponsoredtc pixel
Your free book is about to disappear
Bill Poulos is giving away his 'Safe Trade Options Formula' book for free - but only for a limited time throug...
Profits Run | Sponsoredtc pixel