Warrior Met Coal (HCC) Financials

$85.41 +0.27 (+0.31%)

Closing price 03:59 PM Eastern

Extended Trading

$85.63 +0.22 (+0.26%)

As of 04:20 PM Eastern

Annual Income Statements for Warrior Met Coal

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

Metric	2015	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	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	-311	455	697	302	-36	151	641	479	251	57
Consolidated Net Income / (Loss)	-311	455	697	302	-36	151	641	479	251	57
Net Income / (Loss) Continuing Operations	-311	455	697	302	-36	151	641	479	251	57
Total Pre-Tax Income	-351	416	471	367	-56	200	783	551	284	54
Total Operating Income	-320	423	508	383	-27	244	801	541	255	46
Total Gross Profit	-84	548	651	518	124	476	1,001	729	472	300
Total Revenue	545	1,169	1,378	1,268	783	1,059	1,739	1,677	1,525	1,310
Operating Revenue	514	1,169	1,378	1,268	783	1,059	1,739	1,677	1,525	1,310
Total Cost of Revenue	629	621	727	751	659	583	738	948	1,053	1,010
Operating Cost of Revenue	629	621	727	751	659	583	738	948	1,053	1,010
Total Operating Expenses	235	125	143	134	151	232	200	187	218	254
Selling, General & Admin Expense	39	36	37	37	33	36	49	52	63	66
Depreciation Expense	124	75	97	97	118	141	115	127	154	189
Other Operating Expenses / (Income)	-	-	-	0.00	0.00	55	36	8.29	0.52	0.02
Total Other Income / (Expense), net	-32	-6.95	-37	-16	-29	-44	-18	10	29	8.74
Interest Expense	-27	0.00	0.00	9.76	0.00	9.68	31	30	4.27	9.74
Interest & Investment Income	-51	-6.95	-37	-29	-32	-35	12	41	33	18
Other Income / (Expense), net	-7.74	0.00	0.00	23	3.54	1.29	0.68	-1.03	0.00	0.00
Income Tax Expense	-41	-39	-226	65	-20	49	142	73	33	-2.55
Basic Earnings per Share	-	$8.62	$13.19	$5.87	($0.70)	$2.94	$12.42	$9.21	$4.79	$1.08
Weighted Average Basic Shares Outstanding	-	52.80M	52.81M	51.36M	51.17M	51.38M	51.62M	51.97M	52.29M	52.56M
Diluted Earnings per Share	-	$8.62	$13.17	$5.86	($0.70)	$2.93	$12.40	$9.20	$4.79	$1.08
Weighted Average Diluted Shares Outstanding	-	52.81M	52.92M	51.49M	51.17M	51.45M	51.72M	52.05M	52.35M	52.60M
Weighted Average Basic & Diluted Shares Outstanding	-	52.80M	51.56M	51.09M	51.34M	51.50M	51.92M	52.26M	52.54M	52.57M
Cash Dividends to Common per Share	-	$14.92	$6.73	$4.61	$0.20	$0.20	$1.54	$1.16	$0.82	$0.32

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	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
Net Income / (Loss) Attributable to Common Shareholders	85	129	137	71	42	1.14	-8.17	5.61	37	23	72
Consolidated Net Income / (Loss)	85	129	137	71	42	1.14	-8.17	5.61	37	23	72
Net Income / (Loss) Continuing Operations	85	129	137	71	42	1.14	-8.17	5.61	37	23	72
Total Pre-Tax Income	102	141	156	79	46	1.95	-14	9.92	23	36	79
Total Operating Income	108	134	149	71	39	-4.21	-17	7.72	21	35	79
Total Gross Profit	153	172	208	125	96	53	46	63	89	102	160
Total Revenue	423	364	504	397	328	297	300	298	329	384	459
Operating Revenue	423	364	504	397	328	297	300	298	329	384	459
Total Cost of Revenue	270	191	296	272	232	245	254	235	240	282	299
Operating Cost of Revenue	270	191	296	272	232	245	254	235	240	282	299
Total Operating Expenses	46	39	59	54	57	57	64	55	68	67	80
Selling, General & Admin Expense	11	13	19	15	12	18	18	12	17	18	28
Depreciation Expense	34	26	40	38	37	39	45	43	44	56	52
Total Other Income / (Expense), net	-5.53	7.67	7.03	8.33	7.26	6.16	3.19	2.19	2.13	1.23	-0.58
Interest Expense	15	1.65	1.12	0.92	1.42	0.81	2.11	2.89	2.31	2.44	3.17
Interest & Investment Income	11	9.47	8.15	9.24	8.68	6.97	5.29	5.08	4.44	3.67	2.59
Income Tax Expense	17	12	19	8.52	4.61	0.82	-6.03	4.31	-14	13	6.44
Basic Earnings per Share	$1.64	$2.47	$2.63	$1.35	$0.80	$0.01	($0.16)	$0.11	$0.70	$0.43	$1.37
Weighted Average Basic Shares Outstanding	52.02M	51.97M	52.16M	52.32M	52.33M	52.29M	52.46M	52.59M	52.59M	52.56M	52.72M
Diluted Earnings per Share	$1.64	$2.47	$2.62	$1.35	$0.80	$0.02	($0.16)	$0.11	$0.70	$0.43	$1.37
Weighted Average Diluted Shares Outstanding	52.11M	52.05M	52.22M	52.38M	52.39M	52.35M	52.46M	52.62M	52.65M	52.60M	52.76M
Weighted Average Basic & Diluted Shares Outstanding	52.02M	52.26M	52.30M	52.31M	52.31M	52.54M	52.56M	52.57M	52.57M	52.57M	52.80M
Cash Dividends to Common per Share	$0.07	$0.07	$0.58	$0.08	$0.08	$0.08	$0.08	$0.08	$0.08	$0.08	$0.08

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

Metric	2015	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	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	-343	-116	170	-13	19	184	434	-91	-239	-191
Net Cash From Operating Activities	-132	435	559	533	113	352	842	701	367	229
Net Cash From Continuing Operating Activities	-132	435	559	533	113	352	842	701	367	229
Net Income / (Loss) Continuing Operations	-311	455	697	302	-36	151	641	479	251	57
Consolidated Net Income / (Loss)	-311	455	697	302	-36	151	641	479	251	57
Depreciation Expense	124	75	97	97	118	141	115	127	154	189
Amortization Expense	6.76	1.89	2.49	1.36	1.55	1.74	3.17	2.09	1.59	1.56
Non-Cash Adjustments To Reconcile Net Income	-2.23	6.02	-14	7.69	10	24	24	34	29	22
Changes in Operating Assets and Liabilities, net	51	-104	-224	125	19	33	59	59	-68	-39
Net Cash From Investing Activities	-64	-93	-108	-134	-108	-71	-255	-527	-538	-405
Net Cash From Continuing Investing Activities	-64	-93	-108	-134	-108	-71	-255	-527	-538	-405
Purchase of Property, Plant & Equipment	-65	-93	-111	-131	-115	-71	-258	-525	-488	-412
Acquisitions	0.00	-	-	-	0.00	0.00	2.53	-2.42	0.00	0.00
Sale of Property, Plant & Equipment	0.72	0.00	2.93	3.13	0.16	0.21	-	0.00	0.00	0.03
Sale and/or Maturity of Investments	-	0.00	0.00	18	15	-	-	0.00	-50	6.38
Net Cash From Financing Activities	-147	-458	-282	-412	14	-96	-153	-265	-69	-15
Net Cash From Continuing Financing Activities	-147	-458	-282	-412	14	-96	-153	-265	-69	-15
Repayment of Debt	-4.61	-6.13	-12	-141	-31	-405	-73	-195	-17	-37
Payment of Dividends	0.00	-797	-361	-240	-10	-10	-80	-61	-44	-18
Other Financing Activities, net	-143	-	0.00	-17	-14	-29	0.00	-9.42	-7.27	39
Cash Interest Paid	43	0.21	30	34	31	36	28	24	14	20
Cash Income Taxes Paid	0.00	2.35	0.00	0.09	0.07	0.00	0.00	27	27	8.60

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	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
Net Change in Cash & Equivalents	-141	51	-44	15	-118	-92	-37	-72	-47	-36	-97
Net Cash From Operating Activities	139	245	104	147	62	54	11	38	105	76	-12
Net Cash From Continuing Operating Activities	139	245	104	147	62	54	11	38	105	76	-12
Net Income / (Loss) Continuing Operations	85	129	137	71	42	1.14	-8.17	5.61	37	23	72
Consolidated Net Income / (Loss)	85	129	137	71	42	1.14	-8.17	5.61	37	23	72
Depreciation Expense	34	26	40	38	37	39	45	43	44	56	52
Amortization Expense	0.48	0.39	0.39	0.40	0.40	0.40	0.41	0.41	0.41	0.34	0.37
Non-Cash Adjustments To Reconcile Net Income	15	5.38	10	6.33	2.18	10	11	2.07	5.83	2.54	11
Changes in Operating Assets and Liabilities, net	3.67	85	-84	31	-19	3.12	-38	-14	18	-6.19	-148
Net Cash From Investing Activities	-112	-182	-102	-122	-172	-142	-78	-94	-134	-99	-57
Net Cash From Continuing Investing Activities	-112	-182	-102	-122	-172	-142	-78	-94	-134	-99	-57
Purchase of Property, Plant & Equipment	-112	-182	-102	-122	-123	-142	-79	-94	-134	-104	-80
Sale and/or Maturity of Investments	-	-	0.00	-	-	-	1.58	-0.08	-0.23	5.11	23
Net Cash From Financing Activities	-167	-11	-47	-10	-8.09	-3.52	30	-15	-18	-13	-28
Net Cash From Continuing Financing Activities	-167	-11	-47	-10	-8.09	-3.52	30	-15	-18	-13	-28
Repayment of Debt	-179	-17	-4.29	-4.60	-3.85	-16	-3.89	-11	-14	-8.91	-8.64
Payment of Dividends	-3.69	-3.69	-31	-5.59	-4.24	-3.35	-5.18	-4.23	-4.21	-4.21	-4.74
Other Financing Activities, net	16	9.20	-12	-	-	16	39	-	-	-	-15

This table presents Warrior Met Coal's 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	948	993	1,395	1,344	1,394	1,464	2,028	2,357	2,592	2,784
Total Current Assets	291	269	469	444	467	627	1,173	1,069	887	820
Cash & Equivalents	150	35	206	193	212	396	829	738	492	300
Short-Term Investments	18	18	18	15	8.50	8.51	8.61	9.03	15	53
Accounts Receivable	72	123	140	101	88	130	155	103	142	182
Inventories, net	39	54	57	98	119	60	154	184	208	236
Prepaid Expenses	12	29	28	24	40	33	26	28	32	50
Current Deferred & Refundable Income Taxes	-	9.18	22	13	-	-	0.00	7.83	-	0.00
Plant, Property, & Equipment, net	497	537	540	0.00	0.00	0.00	0.00	1,180	1,549	1,817
Total Noncurrent Assets	160	188	386	900	926	837	855	108	155	146
Long-Term Investments	-	-	-	-	-	-	-	0.00	45	0.00
Noncurrent Deferred & Refundable Income Taxes	0.00	39	244	166	174	125	7.57	5.85	3.21	2.95
Other Noncurrent Operating Assets	160	148	141	735	752	712	847	102	107	143
Total Liabilities & Shareholders' Equity	948	993	1,395	1,344	1,394	1,464	2,028	2,357	2,592	2,784
Total Liabilities	195	580	682	579	669	592	581	483	501	642
Total Current Liabilities	65	108	124	129	170	122	153	148	170	257
Accounts Payable	6.04	28	34	46	59	34	39	36	40	66
Accrued Expenses	47	67	82	66	86	55	77	82	85	132
Other Current Liabilities	8.41	10	7.74	6.62	11	9.83	13	30	45	59
Total Noncurrent Liabilities	130	472	558	450	498	470	427	335	330	385
Long-Term Debt	3.73	343	468	339	380	340	303	153	154	154
Capital Lease Obligations	-	-	-	26	24	28	9.00	8.76	6.22	54
Asset Retirement Reserve & Litigation Obligation	123	126	84	84	92	100	92	99	107	99
Noncurrent Deferred & Payable Income Tax Liabilities	1.94	0.26	-	-	-	0.00	23	75	64	54
Other Noncurrent Operating Liabilities	1.15	2.56	5.51	1.20	2.26	1.84	0.50	-	-	24
Total Equity & Noncontrolling Interests	753	413	713	766	725	872	1,448	1,874	2,091	2,141
Total Preferred & Common Equity	753	413	713	766	725	872	1,448	1,874	2,091	2,141
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	753	413	713	766	725	872	1,448	1,874	2,091	2,141
Common Stock	803	331	240	244	250	257	270	280	290	301
Retained Earnings	-50	82	510	572	526	666	1,228	1,645	1,851	1,891
Treasury Stock	-	0.00	-38	-51	-51	-51	-51	-51	-51	-51

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

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	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
Total Assets	1,935	2,151	2,244	2,219	2,479	2,561	2,580	2,624	2,645	2,683	2,824
Total Current Assets	1,142	1,244	1,216	1,104	1,119	1,110	972	896	853	802	828
Cash & Equivalents	746	863	827	687	694	709	583	455	383	336	203
Short-Term Investments	8.55	8.70	8.80	8.91	9.15	9.27	9.39	33	48	56	31
Accounts Receivable	215	209	208	268	213	183	153	171	167	142	296
Inventories, net	144	129	138	109	166	174	191	198	215	219	252
Prepaid Expenses	28	34	34	32	37	35	36	38	39	45	47
Current Deferred & Refundable Income Taxes	-	-	-	-	0.00	0.00	0.00	-	-	3.07	0.00
Plant, Property, & Equipment, net	678	794	0.00	1,007	1,253	0.00	1,439	1,595	1,675	1,763	1,851
Total Noncurrent Assets	116	114	1,028	108	106	1,451	169	133	117	118	144
Long-Term Investments	-	-	-	-	-	-	50	25	10	2.03	0.00
Noncurrent Deferred & Refundable Income Taxes	5.18	7.09	7.20	7.00	5.75	5.49	5.41	3.36	3.26	3.43	2.90
Other Noncurrent Operating Assets	111	106	1,021	101	100	1,446	114	105	104	112	142
Total Liabilities & Shareholders' Equity	1,935	2,151	2,244	2,219	2,479	2,561	2,580	2,624	2,645	2,683	2,824
Total Liabilities	588	573	583	474	500	512	494	547	565	565	619
Total Current Liabilities	163	128	124	144	163	174	167	174	186	194	238
Accounts Payable	52	30	33	44	43	66	45	57	62	46	72
Accrued Expenses	79	63	56	72	81	72	76	72	74	101	117
Other Current Liabilities	32	35	36	28	39	37	46	45	49	48	49
Total Noncurrent Liabilities	425	445	459	330	337	338	326	373	379	370	381
Long-Term Debt	304	295	295	153	153	153	153	154	154	154	154
Capital Lease Obligations	15	4.03	7.82	9.83	7.71	4.97	3.41	5.59	57	57	50
Asset Retirement Reserve & Litigation Obligation	70	66	67	64	99	99	99	107	108	109	100
Noncurrent Deferred & Payable Income Tax Liabilities	-	52	61	75	77	81	71	57	61	50	52
Other Noncurrent Operating Liabilities	36	28	28	28	0.00	-	-	49	-	-	24
Total Equity & Noncontrolling Interests	1,348	1,578	1,661	1,745	1,978	2,048	2,087	2,077	2,080	2,118	2,205
Total Preferred & Common Equity	1,348	1,578	1,661	1,745	1,978	2,048	2,087	2,077	2,080	2,118	2,205
Preferred Stock	0.00	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,348	1,578	1,661	1,745	1,978	2,048	2,087	2,077	2,080	2,118	2,205
Common Stock	267	269	274	276	277	282	283	289	291	297	297
Retained Earnings	1,131	1,360	1,438	1,520	1,752	1,817	1,854	1,838	1,840	1,872	1,959
Treasury Stock	-51	-51	-51	-51	-51	-51	-51	-51	-51	-51	-51

This table displays calculated financial ratios and metrics derived from Warrior Met Coal's official financial filings.

Metric	2015	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	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
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	17.87%	-7.96%	-38.28%	35.32%	64.15%	-3.57%	-9.03%	-14.11%
EBITDA Growth	0.00%	0.00%	21.43%	-16.96%	-80.98%	304.20%	137.13%	-27.24%	-38.72%	-42.54%
EBIT Growth	0.00%	0.00%	20.05%	-20.08%	-105.81%	1,138.54%	227.33%	-32.63%	-52.83%	-82.07%
NOPAT Growth	0.00%	0.00%	62.54%	-58.10%	-106.03%	1,068.08%	256.86%	-28.40%	-52.08%	-78.75%
Net Income Growth	0.00%	0.00%	53.12%	-56.70%	-111.85%	521.91%	325.04%	-25.37%	-47.64%	-77.26%
EPS Growth	0.00%	0.00%	52.78%	-55.50%	-111.95%	518.57%	323.21%	-25.81%	-47.93%	-77.45%
Operating Cash Flow Growth	0.00%	0.00%	28.74%	-4.75%	-78.86%	212.13%	139.49%	-16.72%	-47.59%	-37.61%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	-31.68%	-102.88%	2,622.73%	130.48%	-77.91%	-247.32%	-34.19%
Invested Capital Growth	0.00%	0.00%	35.77%	-2.73%	-0.98%	-6.90%	9.96%	36.39%	31.88%	17.47%
Revenue Q/Q Growth	0.00%	0.00%	9.59%	-10.92%	0.95%	23.75%	-3.91%	1.15%	-4.17%	7.07%
EBITDA Q/Q Growth	0.00%	0.00%	19.27%	-18.18%	-31.63%	131.43%	-7.80%	2.00%	-23.20%	31.18%
EBIT Q/Q Growth	0.00%	0.00%	21.72%	-21.36%	-164.59%	890.96%	-7.67%	3.01%	-35.06%	566.80%
NOPAT Q/Q Growth	0.00%	0.00%	64.77%	-53.64%	-117.98%	1,109.89%	-7.86%	5.38%	-35.89%	307.30%
Net Income Q/Q Growth	0.00%	0.00%	66.00%	-53.95%	-291.25%	807.70%	-5.71%	6.50%	-33.76%	62.05%
EPS Q/Q Growth	0.00%	0.00%	66.50%	-53.23%	-284.21%	781.40%	-5.85%	6.24%	-33.84%	61.19%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	7.57%	-16.63%	5.55%	69.58%	2.47%	7.70%	-34.19%	10.55%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	317.88%	-29.75%	-121.26%	105.60%	-9.93%	-13.75%	-389.03%	22.53%
Invested Capital Q/Q Growth	0.00%	0.00%	39.80%	6.02%	-1.68%	3.09%	3.59%	6.34%	6.15%	3.21%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	-15.47%	46.89%	47.26%	40.82%	15.82%	44.94%	57.58%	43.47%	30.98%	22.90%
EBITDA Margin	-36.14%	42.83%	44.12%	39.81%	12.27%	36.65%	52.94%	39.95%	26.91%	18.00%
Operating Margin	-58.66%	36.22%	36.89%	30.23%	-3.47%	23.01%	46.09%	32.29%	16.71%	3.49%
EBIT Margin	-60.08%	36.22%	36.89%	32.03%	-3.01%	23.13%	46.13%	32.23%	16.71%	3.49%
Profit (Net Income) Margin	-57.02%	38.92%	50.56%	23.79%	-4.57%	14.24%	36.88%	28.55%	16.43%	4.35%
Tax Burden Percent	88.39%	109.27%	147.95%	82.18%	63.97%	75.45%	81.89%	86.80%	88.34%	104.69%
Interest Burden Percent	107.37%	98.36%	92.66%	90.38%	236.94%	81.61%	97.63%	102.04%	111.29%	119.11%
Effective Tax Rate	0.00%	-9.27%	-47.95%	17.82%	0.00%	24.55%	18.11%	13.20%	11.66%	-4.69%
Return on Invested Capital (ROIC)	0.00%	65.53%	90.36%	33.33%	-2.05%	20.63%	72.74%	42.07%	15.07%	2.59%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	62.94%	69.87%	26.84%	-11.24%	-14.98%	78.56%	40.47%	9.86%	-0.83%
Return on Net Nonoperating Assets (RNNOA)	0.00%	44.64%	33.45%	7.49%	-2.75%	-1.74%	-17.44%	-13.25%	-2.43%	0.10%
Return on Equity (ROE)	0.00%	110.17%	123.80%	40.82%	-4.80%	18.89%	55.30%	28.82%	12.64%	2.69%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	60.01%	36.09%	-1.06%	27.78%	63.25%	11.28%	-12.43%	-13.48%
Operating Return on Assets (OROA)	0.00%	43.63%	42.56%	29.66%	-1.72%	17.15%	45.94%	24.65%	10.30%	1.70%
Return on Assets (ROA)	0.00%	46.89%	58.35%	22.03%	-2.61%	10.56%	36.73%	21.83%	10.13%	2.12%
Return on Common Equity (ROCE)	0.00%	110.17%	123.80%	40.82%	-4.80%	18.89%	55.30%	28.82%	12.64%	2.69%
Return on Equity Simple (ROE_SIMPLE)	0.00%	110.17%	97.78%	39.41%	-4.93%	17.30%	44.30%	25.53%	11.99%	0.00%
Net Operating Profit after Tax (NOPAT)	-224	463	752	315	-19	184	656	470	225	48
NOPAT Margin	-41.06%	39.57%	54.57%	24.84%	-2.43%	17.36%	37.75%	28.03%	14.76%	3.65%
Net Nonoperating Expense Percent (NNEP)	0.00%	2.59%	20.49%	6.48%	9.19%	35.61%	-5.83%	1.60%	5.21%	3.42%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	36.80%	23.08%	10.01%	2.04%
Cost of Revenue to Revenue	115.47%	53.11%	52.74%	59.18%	84.18%	55.06%	42.42%	56.53%	69.02%	77.10%
SG&A Expenses to Revenue	7.15%	3.12%	2.66%	2.92%	4.20%	3.36%	2.81%	3.09%	4.14%	5.01%
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	43.19%	10.67%	10.37%	10.59%	19.29%	21.93%	11.48%	11.18%	14.27%	19.41%
Earnings before Interest and Taxes (EBIT)	-327	423	508	406	-24	245	802	540	255	46
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-197	501	608	505	96	388	921	670	410	236
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.94	1.37	1.26	1.36	1.39	1.18	1.67	1.36	2.16
Price to Tangible Book Value (P/TBV)	0.00	1.94	1.37	1.26	1.36	1.39	1.18	1.67	1.36	2.16
Price to Revenue (P/Rev)	0.00	0.69	0.71	0.76	1.26	1.14	0.98	1.87	1.86	3.54
Price to Earnings (P/E)	0.00	1.76	1.40	3.19	0.00	8.01	2.67	6.53	11.32	81.32
Dividend Yield	0.00%	75.66%	96.98%	24.47%	1.04%	0.85%	4.65%	1.93%	1.51%	0.36%
Earnings Yield	0.00%	56.71%	71.41%	31.32%	0.00%	12.48%	37.50%	15.30%	8.83%	1.23%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.55	1.27	1.21	1.28	1.39	1.28	1.97	1.44	2.25
Enterprise Value to Revenue (EV/Rev)	0.00	0.94	0.89	0.89	1.51	1.13	0.69	1.52	1.60	3.43
Enterprise Value to EBITDA (EV/EBITDA)	0.00	2.19	2.01	2.24	12.35	3.08	1.31	3.80	5.96	19.04
Enterprise Value to EBIT (EV/EBIT)	0.00	2.59	2.40	2.78	0.00	4.88	1.51	4.70	9.60	98.24
Enterprise Value to NOPAT (EV/NOPAT)	0.00	2.37	1.62	3.59	0.00	6.50	1.84	5.41	10.86	93.84
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	2.52	2.18	2.12	10.53	3.40	1.43	3.63	6.66	19.59
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	2.45	3.31	0.00	4.83	2.12	20.17	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.84	0.66	0.49	0.58	0.45	0.23	0.09	0.08	0.10
Long-Term Debt to Equity	0.00	0.83	0.66	0.48	0.56	0.42	0.22	0.09	0.08	0.10
Financial Leverage	0.00	0.71	0.48	0.28	0.24	0.12	-0.22	-0.33	-0.25	-0.13
Leverage Ratio	0.00	1.66	2.12	1.85	1.84	1.79	1.51	1.32	1.25	1.27
Compound Leverage Factor	0.00	1.64	1.97	1.67	4.35	1.46	1.47	1.35	1.39	1.51
Debt to Total Capital	0.00%	45.58%	39.69%	32.87%	36.58%	31.01%	18.82%	7.95%	7.10%	8.88%
Short-Term Debt to Total Capital	0.00%	0.39%	0.06%	0.89%	1.26%	1.87%	1.35%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	45.19%	39.63%	31.98%	35.33%	29.14%	17.47%	7.95%	7.10%	8.88%
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	0.00%	54.42%	60.31%	67.13%	63.42%	68.99%	81.18%	92.06%	92.90%	91.12%
Debt to EBITDA	0.00	0.69	0.77	0.74	4.36	1.01	0.36	0.24	0.39	0.89
Net Debt to EBITDA	0.00	0.59	0.40	0.33	2.06	-0.03	-0.55	-0.87	-0.95	-0.61
Long-Term Debt to EBITDA	0.00	0.68	0.77	0.72	4.21	0.95	0.34	0.24	0.39	0.89
Debt to NOPAT	0.00	0.75	0.62	1.19	-22.02	2.13	0.51	0.34	0.71	4.36
Net Debt to NOPAT	0.00	0.63	0.33	0.53	-10.42	-0.07	-0.77	-1.25	-1.74	-3.02
Long-Term Debt to NOPAT	0.00	0.74	0.62	1.16	-21.27	2.00	0.47	0.34	0.71	4.36
Altman Z-Score	0.00	3.72	3.86	3.82	2.18	3.55	5.38	6.80	5.65	6.05
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	0.00	2.48	3.77	3.44	2.74	5.14	7.66	7.24	5.20	3.19
Quick Ratio	0.00	1.63	2.92	2.40	1.81	4.38	6.49	5.75	3.80	2.08
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	499	341	-9.82	248	571	126	-186	-249
Operating Cash Flow to CapEx	-205.17%	469.11%	519.74%	417.75%	98.43%	494.11%	326.73%	133.60%	75.25%	55.71%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	34.97	0.00	25.59	18.16	4.25	-43.48	-25.58
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	54.61	0.00	36.32	26.78	23.64	86.03	23.53
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	41.54	0.00	28.97	18.59	5.95	-28.29	-18.71
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	1.20	1.15	0.93	0.57	0.74	1.00	0.76	0.62	0.49
Accounts Receivable Turnover	0.00	12.00	10.48	10.52	8.25	9.69	12.18	12.99	12.49	8.09
Inventory Turnover	0.00	13.25	13.09	9.71	6.08	6.54	6.91	5.61	5.38	4.55
Fixed Asset Turnover	0.00	2.26	2.56	0.00	0.00	0.00	0.00	0.00	1.12	0.00
Accounts Payable Turnover	0.00	36.40	23.57	18.76	12.49	12.55	20.25	25.18	27.55	19.01
Days Sales Outstanding (DSO)	0.00	30.42	34.82	34.70	44.24	37.66	29.98	28.09	29.22	45.12
Days Inventory Outstanding (DIO)	0.00	27.54	27.87	37.60	60.00	55.81	52.86	65.08	67.88	80.14
Days Payable Outstanding (DPO)	0.00	10.03	15.48	19.46	29.23	29.08	18.02	14.49	13.25	19.20
Cash Conversion Cycle (CCC)	0.00	47.93	47.21	52.84	75.01	64.38	64.81	78.68	83.85	106.06
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	706	959	932	923	860	945	1,289	1,700	1,997
Invested Capital Turnover	0.00	1.66	1.66	1.34	0.84	1.19	1.93	1.50	1.02	0.71
Increase / (Decrease) in Invested Capital	0.00	0.00	253	-26	-9.18	-64	86	344	411	297
Enterprise Value (EV)	0.00	1,095	1,222	1,130	1,186	1,196	1,208	2,542	2,446	4,491
Market Capitalization	0.00	802	976	963	988	1,209	1,710	3,128	2,837	4,635
Book Value per Share	$0.00	$7.73	$13.51	$14.99	$14.17	$16.96	$28.02	$36.03	$39.97	$40.73
Tangible Book Value per Share	$0.00	$7.73	$13.51	$14.99	$14.17	$16.96	$28.02	$36.03	$39.97	$40.73
Total Capital	0.00	759	1,182	1,140	1,144	1,264	1,783	2,036	2,251	2,350
Total Debt	0.00	346	469	375	418	392	336	162	160	209
Total Long-Term Debt	0.00	343	468	365	404	368	312	162	160	209
Net Debt	0.00	293	246	167	198	-12	-502	-585	-391	-144
Capital Expenditures (CapEx)	64	93	108	128	114	71	258	525	488	412
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	111	122	117	91	124	206	174	210	210
Debt-free Net Working Capital (DFNWC)	0.00	164	345	325	312	529	1,044	921	717	563
Net Working Capital (NWC)	0.00	161	345	315	297	505	1,020	921	717	563
Net Nonoperating Expense (NNE)	87	7.59	55	13	17	33	15	-8.69	-25	-9.14
Net Nonoperating Obligations (NNO)	0.00	293	246	167	198	-12	-502	-585	-391	-144
Total Depreciation and Amortization (D&A)	130	77	100	99	120	143	118	129	156	190
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	9.46%	8.88%	9.24%	11.64%	11.74%	11.85%	10.39%	13.80%	16.03%
Debt-free Net Working Capital to Revenue	0.00%	14.00%	25.07%	25.64%	39.80%	49.91%	60.05%	54.96%	46.99%	42.99%
Net Working Capital to Revenue	0.00%	13.74%	25.02%	24.84%	37.96%	47.68%	58.66%	54.96%	46.99%	42.99%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$8.62	$13.19	$5.87	($0.70)	$2.94	$12.42	$9.21	$4.79	$1.08
Adjusted Weighted Average Basic Shares Outstanding	0.00	52.80M	52.81M	51.36M	51.17M	51.38M	51.62M	51.97M	52.29M	52.56M
Adjusted Diluted Earnings per Share	$0.00	$8.62	$13.17	$5.86	($0.70)	$2.93	$12.40	$9.20	$4.79	$1.08
Adjusted Weighted Average Diluted Shares Outstanding	0.00	52.81M	52.92M	51.49M	51.17M	51.45M	51.72M	52.05M	52.35M	52.60M
Adjusted Basic & Diluted Earnings per Share	$0.00	$8.62	$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	53.28M	51.56M	51.09M	51.34M	51.50M	51.92M	52.26M	52.54M	52.57M
Normalized Net Operating Profit after Tax (NOPAT)	-173	305	362	315	-19	184	656	470	225	32
Normalized NOPAT Margin	-31.72%	26.12%	26.28%	24.84%	-2.43%	17.36%	37.75%	28.03%	14.76%	2.44%
Pre Tax Income Margin	-64.50%	35.62%	34.18%	28.95%	-7.14%	18.88%	45.04%	32.89%	18.60%	4.16%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	41.64	0.00	25.32	25.52	18.22	59.68	4.69
NOPAT to Interest Expense	0.00	0.00	0.00	32.30	0.00	19.00	20.88	15.84	52.72	4.91
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	28.56	0.00	17.97	17.32	0.53	-54.65	-37.55
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	19.22	0.00	11.65	12.68	-1.85	-61.60	-37.33
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	175.13%	51.76%	79.68%	-29.07%	6.93%	12.42%	12.76%	17.49%	31.27%
Augmented Payout Ratio	0.00%	175.13%	57.21%	83.84%	-29.07%	6.93%	12.42%	12.76%	17.49%	31.27%

This table displays calculated financial ratios and metrics derived from Warrior Met Coal's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	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
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	52,570,156.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	52,570,156.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.38
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.54%	5.53%	-1.21%	4.44%	-22.61%	-18.24%	-40.43%	-24.97%	0.27%	29.09%	52.89%
EBITDA Growth	-10.13%	9.00%	-23.53%	-9.92%	-46.05%	-77.81%	-85.07%	-53.05%	-15.01%	158.54%	366.52%
EBIT Growth	-14.29%	13.44%	-28.97%	-21.60%	-63.32%	-103.15%	-111.66%	-89.11%	-47.02%	923.34%	556.56%
NOPAT Growth	-12.73%	24.08%	-27.66%	-17.64%	-60.86%	-102.01%	-109.30%	-93.10%	-5.79%	1,004.75%	698.89%
Net Income Growth	-13.23%	29.32%	-24.85%	-13.86%	-51.08%	-99.12%	-105.96%	-92.07%	-12.37%	1,919.53%	985.66%
EPS Growth	-13.68%	27.98%	-25.36%	-14.56%	-51.22%	-99.19%	-106.11%	-91.85%	-12.50%	2,050.00%	956.25%
Operating Cash Flow Growth	-43.94%	25.69%	-46.07%	18.04%	-55.11%	-77.88%	-89.51%	-74.45%	68.30%	40.37%	-207.41%
Free Cash Flow Firm Growth	-955.87%	-1,859.24%	-358.56%	-439.17%	-68.70%	-86.17%	-0.14%	-20.31%	15.19%	33.50%	-26.82%
Invested Capital Growth	32.86%	36.39%	42.73%	31.92%	32.11%	31.88%	20.01%	24.29%	20.82%	17.47%	26.27%
Revenue Q/Q Growth	11.54%	-14.09%	38.40%	-21.25%	-17.35%	-9.23%	0.83%	-0.81%	10.44%	16.86%	19.43%
EBITDA Q/Q Growth	16.17%	12.91%	18.90%	-42.24%	-30.42%	-53.57%	-19.97%	81.59%	25.96%	41.24%	44.40%
EBIT Q/Q Growth	17.92%	25.09%	11.74%	-52.44%	-44.83%	-110.76%	-313.12%	144.43%	168.34%	67.18%	129.08%
NOPAT Q/Q Growth	17.13%	35.42%	7.34%	-51.63%	-44.33%	-106.96%	-396.47%	135.88%	660.16%	-33.18%	228.63%
Net Income Q/Q Growth	4.01%	50.94%	6.29%	-48.38%	-40.93%	-97.28%	-818.38%	168.63%	552.84%	-37.26%	215.05%
EPS Q/Q Growth	3.80%	50.61%	6.07%	-48.47%	-40.74%	-97.50%	-900.00%	168.75%	536.36%	-38.57%	218.60%
Operating Cash Flow Q/Q Growth	11.30%	76.87%	-57.54%	41.24%	-57.67%	-12.86%	-79.86%	243.92%	178.84%	-27.32%	-115.41%
Free Cash Flow Firm Q/Q Growth	-281.07%	-5.81%	-34.73%	0.75%	-19.23%	-16.76%	27.53%	-19.24%	15.95%	8.45%	-38.21%
Invested Capital Q/Q Growth	7.45%	6.34%	11.41%	3.64%	7.60%	6.15%	1.39%	7.34%	4.59%	3.21%	8.98%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	36.19%	47.36%	41.30%	31.41%	26.63%	17.72%	15.45%	21.14%	27.11%	26.48%	34.85%
EBITDA Margin	33.33%	43.81%	37.63%	27.60%	23.24%	11.89%	9.43%	17.27%	19.70%	23.81%	28.79%
Operating Margin	25.44%	36.71%	29.61%	17.88%	11.94%	-1.41%	-5.80%	2.60%	6.31%	9.02%	17.31%
EBIT Margin	25.18%	36.67%	29.61%	17.88%	11.94%	-1.41%	-5.80%	2.60%	6.31%	9.02%	17.31%
Profit (Net Income) Margin	20.16%	35.42%	27.21%	17.83%	12.74%	0.38%	-2.72%	1.88%	11.14%	5.98%	15.77%
Tax Burden Percent	83.53%	91.25%	87.75%	89.25%	90.07%	58.25%	57.53%	56.53%	160.15%	64.01%	91.82%
Interest Burden Percent	95.85%	105.86%	104.72%	111.74%	118.55%	-46.39%	81.67%	128.40%	110.27%	103.54%	99.26%
Effective Tax Rate	16.47%	8.75%	12.25%	10.75%	9.93%	41.75%	0.00%	43.47%	-60.15%	35.99%	8.18%
Return on Invested Capital (ROIC)	33.16%	50.28%	35.54%	20.58%	12.16%	-0.84%	-3.39%	1.08%	6.99%	4.09%	11.97%
ROIC Less NNEP Spread (ROIC-NNEP)	34.11%	48.99%	34.43%	19.22%	10.88%	-1.58%	-4.29%	0.76%	5.97%	3.80%	12.25%
Return on Net Nonoperating Assets (RNNOA)	-10.68%	-16.04%	-10.79%	-5.66%	-2.89%	0.39%	0.95%	-0.15%	-0.95%	-0.48%	-1.09%
Return on Equity (ROE)	22.48%	34.24%	24.75%	14.92%	9.27%	-0.45%	-2.45%	0.93%	6.04%	3.61%	10.88%
Cash Return on Invested Capital (CROIC)	13.76%	11.28%	-0.82%	3.54%	-2.70%	-12.43%	-12.98%	-20.28%	-18.19%	-13.48%	-16.41%
Operating Return on Assets (OROA)	20.10%	28.04%	21.37%	12.56%	7.92%	-0.87%	-3.00%	1.22%	2.93%	4.40%	9.33%
Return on Assets (ROA)	16.09%	27.09%	19.63%	12.52%	8.45%	0.24%	-1.41%	0.89%	5.18%	2.91%	8.51%
Return on Common Equity (ROCE)	22.48%	34.24%	24.75%	14.92%	9.27%	-0.45%	-2.45%	0.93%	6.04%	3.61%	10.88%
Return on Equity Simple (ROE_SIMPLE)	25.75%	0.00%	21.91%	20.60%	18.13%	0.00%	5.08%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	90	122	131	63	35	-2.45	-12	4.37	33	22	73
NOPAT Margin	21.25%	33.50%	25.98%	15.96%	10.75%	-0.82%	-4.06%	1.47%	10.10%	5.78%	15.89%
Net Nonoperating Expense Percent (NNEP)	-0.95%	1.29%	1.11%	1.36%	1.28%	0.74%	0.89%	0.31%	1.02%	0.29%	-0.28%
Return On Investment Capital (ROIC_SIMPLE)	-	5.99%	-	-	-	-0.11%	-0.54%	0.19%	1.42%	0.94%	3.02%
Cost of Revenue to Revenue	63.81%	52.64%	58.70%	68.59%	73.37%	82.28%	84.55%	78.86%	72.90%	73.52%	65.15%
SG&A Expenses to Revenue	2.63%	3.57%	3.71%	3.88%	3.48%	5.93%	6.15%	4.01%	5.23%	4.72%	6.15%
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	10.75%	10.65%	11.69%	13.53%	14.69%	19.13%	21.24%	18.55%	20.80%	17.46%	17.55%
Earnings before Interest and Taxes (EBIT)	107	133	149	71	39	-4.21	-17	7.72	21	35	79
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	141	159	189	109	76	35	28	51	65	91	132
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.50	1.67	1.59	1.60	1.60	1.36	1.21	1.16	1.58	2.16	2.22
Price to Tangible Book Value (P/TBV)	1.50	1.67	1.59	1.60	1.60	1.36	1.21	1.16	1.58	2.16	2.22
Price to Revenue (P/Rev)	1.58	1.87	1.89	1.94	2.10	1.86	1.90	1.97	2.73	3.54	3.33
Price to Earnings (P/E)	5.83	6.53	7.27	7.77	8.84	11.32	23.78	59.71	95.12	81.32	35.61
Dividend Yield	3.87%	1.93%	1.30%	1.28%	1.27%	1.51%	0.67%	0.70%	0.50%	0.36%	0.34%
Earnings Yield	17.15%	15.30%	13.76%	12.87%	11.32%	8.83%	4.21%	1.67%	1.05%	1.23%	2.81%
Enterprise Value to Invested Capital (EV/IC)	1.72	1.97	1.82	1.83	1.78	1.44	1.25	1.18	1.63	2.25	2.24
Enterprise Value to Revenue (EV/Rev)	1.26	1.52	1.56	1.61	1.80	1.60	1.63	1.78	2.58	3.43	3.31
Enterprise Value to EBITDA (EV/EBITDA)	3.18	3.80	4.26	4.53	5.35	5.96	8.64	11.39	17.59	19.04	14.34
Enterprise Value to EBIT (EV/EBIT)	3.98	4.70	5.44	5.91	7.28	9.60	24.36	86.28	461.32	98.24	34.17
Enterprise Value to NOPAT (EV/NOPAT)	4.68	5.41	6.21	6.69	8.13	10.86	26.19	94.20	269.16	93.84	36.64
Enterprise Value to Operating Cash Flow (EV/OCF)	3.21	3.63	4.26	4.28	5.12	6.66	7.85	13.21	15.25	19.59	23.56
Enterprise Value to Free Cash Flow (EV/FCFF)	14.28	20.17	0.00	58.64	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.09	0.09	0.08	0.08	0.08	0.08	0.08	0.10	0.10	0.10	0.09
Long-Term Debt to Equity	0.09	0.09	0.08	0.08	0.08	0.08	0.08	0.10	0.10	0.10	0.09
Financial Leverage	-0.31	-0.33	-0.31	-0.29	-0.27	-0.25	-0.22	-0.19	-0.16	-0.13	-0.09
Leverage Ratio	1.34	1.32	1.30	1.30	1.25	1.25	1.26	1.26	1.25	1.27	1.27
Compound Leverage Factor	1.29	1.40	1.36	1.45	1.48	-0.58	1.03	1.62	1.38	1.32	1.26
Debt to Total Capital	8.53%	7.95%	7.52%	7.17%	6.99%	7.10%	7.13%	9.20%	9.08%	8.88%	8.50%
Short-Term Debt 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%
Long-Term Debt to Total Capital	8.53%	7.95%	7.52%	7.17%	6.99%	7.10%	7.13%	9.20%	9.08%	8.88%	8.50%
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	91.47%	92.06%	92.48%	92.83%	93.01%	92.90%	92.87%	90.80%	90.92%	91.12%	91.50%
Debt to EBITDA	0.25	0.24	0.26	0.26	0.29	0.39	0.64	1.10	1.18	0.89	0.60
Net Debt to EBITDA	-0.81	-0.87	-0.89	-0.93	-0.91	-0.95	-1.42	-1.20	-1.02	-0.61	-0.08
Long-Term Debt to EBITDA	0.25	0.24	0.26	0.26	0.29	0.39	0.64	1.10	1.18	0.89	0.60
Debt to NOPAT	0.36	0.34	0.38	0.39	0.45	0.71	1.94	9.12	17.99	4.36	1.54
Net Debt to NOPAT	-1.20	-1.25	-1.29	-1.38	-1.38	-1.74	-4.30	-9.96	-15.59	-3.02	-0.21
Long-Term Debt to NOPAT	0.36	0.34	0.38	0.39	0.45	0.71	1.94	9.12	17.99	4.36	1.54
Altman Z-Score	5.70	6.23	6.10	6.02	6.11	5.32	4.54	4.31	5.28	6.03	6.58
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	7.67	7.24	6.86	6.37	5.81	5.20	5.14	4.59	4.13	3.19	3.48
Quick Ratio	6.70	5.75	5.62	5.17	4.45	3.80	3.78	3.22	2.75	2.08	2.22
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-210	-222	-299	-297	-354	-413	-300	-357	-300	-275	-380
Operating Cash Flow to CapEx	123.34%	134.33%	102.33%	120.85%	50.67%	38.12%	13.76%	39.84%	78.37%	72.90%	-14.63%
Free Cash Flow to Firm to Interest Expense	-13.88	-134.80	-266.84	-324.47	-248.94	-508.40	-142.17	-123.59	-130.14	-112.74	-119.80
Operating Cash Flow to Interest Expense	9.17	148.81	92.83	160.63	43.75	66.68	5.18	12.99	45.38	31.21	-3.70
Operating Cash Flow Less CapEx to Interest Expense	1.73	38.03	2.11	27.71	-42.59	-108.23	-32.48	-19.62	-12.53	-11.60	-28.97
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.80	0.76	0.72	0.70	0.66	0.62	0.52	0.47	0.46	0.49	0.54
Accounts Receivable Turnover	6.86	12.99	7.92	8.65	7.57	12.49	6.87	6.98	8.31	8.09	6.28
Inventory Turnover	7.43	5.61	6.77	6.60	6.66	5.38	5.56	5.01	4.78	4.55	4.70
Fixed Asset Turnover	1.97	0.00	1.63	0.00	1.30	1.12	0.93	0.00	0.76	0.00	0.85
Accounts Payable Turnover	19.56	25.18	27.40	20.95	22.43	27.55	20.13	15.25	21.49	19.01	16.30
Days Sales Outstanding (DSO)	53.21	28.09	46.11	42.21	48.25	29.22	53.14	52.27	43.94	45.12	58.11
Days Inventory Outstanding (DIO)	49.14	65.08	53.89	55.30	54.79	67.88	65.59	72.90	76.31	80.14	77.69
Days Payable Outstanding (DPO)	18.66	14.49	13.32	17.42	16.27	13.25	18.13	23.93	16.98	19.20	22.39
Cash Conversion Cycle (CCC)	83.69	78.68	86.68	80.09	86.76	83.85	100.60	101.24	103.27	106.06	113.40
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,212	1,289	1,436	1,488	1,601	1,700	1,723	1,850	1,935	1,997	2,176
Invested Capital Turnover	1.56	1.50	1.37	1.29	1.13	1.02	0.84	0.73	0.69	0.71	0.75
Increase / (Decrease) in Invested Capital	300	344	430	360	389	411	287	362	333	297	453
Enterprise Value (EV)	2,087	2,542	2,607	2,719	2,857	2,446	2,154	2,178	3,162	4,491	4,869
Market Capitalization	2,620	3,128	3,150	3,279	3,343	2,837	2,507	2,409	3,346	4,635	4,897
Book Value per Share	$33.55	$36.03	$37.92	$39.17	$39.89	$39.97	$39.53	$39.58	$40.29	$40.73	$41.94
Tangible Book Value per Share	$33.55	$36.03	$37.92	$39.17	$39.89	$39.97	$39.53	$39.58	$40.29	$40.73	$41.94
Total Capital	1,908	2,036	2,139	2,207	2,244	2,251	2,236	2,291	2,329	2,350	2,409
Total Debt	163	162	161	158	157	160	159	211	211	209	205
Total Long-Term Debt	163	162	161	158	157	160	159	211	211	209	205
Net Debt	-533	-585	-542	-560	-485	-391	-353	-230	-183	-144	-28
Capital Expenditures (CapEx)	112	182	102	122	123	142	79	94	134	104	80
Debt-free, Cash-free Net Working Capital (DFCFNWC)	265	174	253	217	212	210	233	236	215	210	357
Debt-free Net Working Capital (DFNWC)	960	921	956	935	805	717	721	667	608	563	590
Net Working Capital (NWC)	960	921	956	935	805	717	721	667	608	563	590
Net Nonoperating Expense (NNE)	4.62	-7.00	-6.17	-7.43	-6.54	-3.59	-4.00	-1.24	-3.41	-0.79	0.54
Net Nonoperating Obligations (NNO)	-533	-585	-542	-560	-485	-391	-353	-230	-183	-144	-28
Total Depreciation and Amortization (D&A)	35	26	40	39	37	40	46	44	44	57	53
Debt-free, Cash-free Net Working Capital to Revenue	15.96%	10.39%	15.16%	12.87%	13.34%	13.80%	17.64%	19.30%	17.58%	16.03%	24.28%
Debt-free Net Working Capital to Revenue	57.93%	54.96%	57.24%	55.44%	50.57%	46.99%	54.57%	54.56%	49.67%	42.99%	40.16%
Net Working Capital to Revenue	57.93%	54.96%	57.24%	55.44%	50.57%	46.99%	54.57%	54.56%	49.67%	42.99%	40.16%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.64	$2.47	$2.63	$1.35	$0.80	$0.01	($0.16)	$0.11	$0.70	$0.43	$1.37
Adjusted Weighted Average Basic Shares Outstanding	52.02M	51.97M	52.16M	52.32M	52.33M	52.29M	52.46M	52.59M	52.59M	52.56M	52.72M
Adjusted Diluted Earnings per Share	$1.64	$2.47	$2.62	$1.35	$0.80	$0.02	($0.16)	$0.11	$0.70	$0.43	$1.37
Adjusted Weighted Average Diluted Shares Outstanding	52.11M	52.05M	52.22M	52.38M	52.39M	52.35M	52.46M	52.62M	52.65M	52.60M	52.76M
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	52.02M	52.26M	52.30M	52.31M	52.31M	52.54M	52.56M	52.57M	52.57M	52.57M	52.80M
Normalized Net Operating Profit after Tax (NOPAT)	90	122	131	63	35	-2.45	-12	4.37	15	22	73
Normalized NOPAT Margin	21.25%	33.50%	25.98%	15.96%	10.75%	-0.82%	-4.06%	1.47%	4.41%	5.78%	15.89%
Pre Tax Income Margin	24.14%	38.82%	31.00%	19.98%	14.15%	0.66%	-4.73%	3.33%	6.95%	9.34%	17.18%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.05	81.00	132.99	77.49	27.51	-5.18	-8.25	2.67	8.98	14.21	25.03
NOPAT to Interest Expense	5.95	74.00	116.70	69.16	24.77	-3.01	-5.78	1.51	14.39	9.10	22.98
EBIT Less CapEx to Interest Expense	-0.38	-29.78	42.27	-55.43	-58.83	-180.08	-45.91	-29.94	-48.93	-28.60	-0.24
NOPAT Less CapEx to Interest Expense	-1.48	-36.78	25.98	-63.76	-61.57	-177.92	-43.43	-31.10	-43.52	-33.71	-2.29
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	13.47%	12.76%	9.62%	10.33%	11.67%	17.49%	17.42%	42.14%	48.24%	31.27%	12.64%
Augmented Payout Ratio	13.47%	12.76%	9.62%	10.33%	11.67%	17.49%	17.42%	42.14%	48.24%	31.27%	12.64%

Financials Breakdown Chart

Key Financial Trends

Warrior Met Coal, Inc. (NYSE: HCC) has delivered quarterly results across 2025 and the prior years that show revenue volatility tied to coal markets, but also improving cash generation in the back half of 2025. Below are the top points for investors, organized with positive items first, then neutral, then negative.

Operating cash flow was positive in all 2025 quarters, with net cash from continuing operating activities of about $104.7M in Q3 2025 and about $76.1M in Q4 2025, supported by incremental profitability and working capital movements.
Q4 2025 revenue rose to $383.99M (Operating Revenue), indicating year-end strength in shipments/price relative to earlier 2025 quarters.
Net income attributable to common shareholders was positive in the last two 2025 quarters (approximately $36.6M in Q3 2025 and $22.96M in Q4 2025), contributing to a more favorable quarterly earnings profile.
Dividend per share remained at $0.08 per quarter, providing a steady cash return to shareholders.
Balance sheet remains solid, with long-term debt around $153.8M and total equity near $2.08B, suggesting manageable leverage and a strong equity base to weather commodity cycles.

Revenue and earnings are influenced by commodity price cycles, leading to quarterly swings that can complicate short-term forecasting.
Capital expenditures are significant and drive sizable investing cash outflows (PPE purchases and investments) in 2025, contributing to near-term cash burn despite healthy operating cash flow.

2025 full-year revenue declined versus 2024, signaling weaker annual top-line performance despite late-year momentum.
Q1 2025 recorded a net loss to common shareholders, underscoring quarterly earnings volatility within the year.
Investing and financing activities produced notable cash outflows, contributing to negative net change in cash across 2025 quarters and reducing cash on hand over the year.

05/18/26 04:35 PM ETAI Generated. May Contain Errors.

Warrior Met Coal Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Warrior Met Coal's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Warrior Met Coal's net income appears to be on an upward trend, with a most recent value of $57.00 million in 2025, falling from -$310.58 million in 2015. The previous period was $250.60 million in 2024. See Warrior Met Coal's forecast for analyst expectations on what's next for the company.

Warrior Met Coal's total operating income in 2025 was $45.71 million, based on the following breakdown:

Total Gross Profit: $299.97 million
Total Operating Expenses: $254.27 million

Over the last 9 years, Warrior Met Coal's total revenue changed from $544.73 million in 2015 to $1.31 billion in 2025, a change of 140.5%.

Warrior Met Coal's total liabilities were at $642.41 million at the end of 2025, a 28.3% increase from 2024, and a 230.0% increase since 2016.

In the past 9 years, Warrior Met Coal's cash and equivalents has ranged from $35.47 million in 2017 to $829.48 million in 2022, and is currently $299.96 million as of their latest financial filing in 2025.

Over the last 9 years, Warrior Met Coal's book value per share changed from 0.00 in 2015 to 40.73 in 2025, a change of 4,073.4%.

Related Companies

Financial statements for NYSE:HCC last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Warrior Met Coal (HCC) Financials

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Warrior Met Coal (HCC) Financials

Annual Income Statements for Warrior Met Coal

Quarterly Income Statements for Warrior Met Coal

Annual Cash Flow Statements for Warrior Met Coal

Quarterly Cash Flow Statements for Warrior Met Coal

Annual Balance Sheets for Warrior Met Coal

Quarterly Balance Sheets for Warrior Met Coal

Annual Metrics And Ratios for Warrior Met Coal

Quarterly Metrics And Ratios for Warrior Met Coal

Financials Breakdown Chart

Key Financial Trends

Warrior Met Coal Financials - Frequently Asked Questions

When does Warrior Met Coal's fiscal year end?

How has Warrior Met Coal's net income changed over the last 9 years?

What is Warrior Met Coal's operating income?

How has Warrior Met Coal's revenue changed over the last 9 years?

How much debt does Warrior Met Coal have?

How much cash does Warrior Met Coal have?

How has Warrior Met Coal's book value per share changed over the last 9 years?

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