| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | 16 | — | 1 | — | — | 1 | — |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡‡‡ |
|
| 2027 | ‡‡‡‡‡ |
|
| 2026 | ‡‡‡‡ |
|
| 2025 | 0.12 |
—
—
|
| 2024 | 0.54 |
—
—
—
—
|
| 2023 | 0.49 |
—
—
—
—
|
| 2022 | 0.45 |
—
—
—
—
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2019 | ‡‡‡ |
|
| 2018 | ‡‡‡ |
|
| 2017 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 41.96 | 33.01 | 440.35 | 282.54 |
| Receivables | 96.87 | 73.58 | 54.35 | 60.75 |
| Inventory | 37.16 | 43.36 | 87.16 | 100.37 |
| Other | — | — | — | — |
| 189.74 | 167.63 | 597.61 | 460.64 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 51.62 | 48.86 | 41.60 | 49.96 |
| ST’ Debt | 56.53 | 0.36 | 0.06 | — |
| Other | 0.11 | 1.04 | 1.80 | 1.00 |
| 169.99 | 122.43 | 109.50 | 108.84 |
| 10y | 5y | 3y | |
| Sales | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 121.61 | 144.80 | — | — |
—
|
| ’25 | 134.66 | 152.96 | 121.00 | 128.01 |
536.62
|
| ’24 | 172.68 | 155.32 | 167.41 | 170.89 |
666.30
|
| ’23 | 166.36 | 137.47 | 186.97 | 202.73 |
693.52
|
| ’22 | 154.88 | 138.66 | 136.93 | 135.23 |
565.69
|
| ’21 | 43.46 | 76.06 | 76.38 | 87.51 |
283.39
|
| ’20 | 41.94 | 36.37 | 39.46 | 51.15 |
168.92
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (34.60) | 12.17 | — | — |
—
|
| ’25 | 26.04 | (4.26) | (1.44) | (18.37) |
1.97
|
| ’24 | 25.19 | 34.41 | 37.38 | 15.68 |
112.67
|
| ’23 | 21.36 | 28.22 | 69.90 | 41.56 |
161.04
|
| ’22 | 77.37 | 31.93 | 49.50 | 29.07 |
187.87
|
| ’21 | 0.50 | 32.42 | 4.84 | 15.58 |
53.34
|
| ’20 | 6.42 | 0.42 | (5.89) | 12.37 |
13.31
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (52.10) | (14.96) | — | — |
—
|
| ’25 | 5.73 | (19.41) | (18.07) | (30.78) |
(62.53)
|
| ’24 | 6.46 | 13.01 | 20.59 | 3.76 |
43.82
|
| ’23 | (2.18) | 3.75 | 52.99 | 23.58 |
78.13
|
| ’22 | 57.63 | (2.13) | 11.92 | (2.56) |
64.86
|
| ’21 | (3.23) | 27.60 | (4.26) | 3.76 |
23.87
|
| ’20 | (2.48) | (8.70) | (8.38) | 8.13 |
(11.44)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.30) | (0.26) | — | — |
—
|
| ’25 | (0.19) | (0.29) | (0.25) | (0.26) |
(0.99)
|
| ’24 | 0.00 | 0.08 | (0.03) | 0.06 |
0.11
|
| ’23 | 0.57 | 0.17 | 0.40 | 0.60 |
1.73
|
| ’22 | 0.92 | 0.74 | 0.60 | 0.32 |
2.60
|
| ’21 | 0.10 | 0.23 | 0.16 | 0.42 |
0.90
|
| ’20 | 0.05 | 0.06 | (0.11) | (0.11) |
(0.12)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 8.23 | 7.09 | 8.82 | 6.30 | — | — | — |
Low Price
|
| — | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 21.22 | 19.47 | 22.16 | 57.80 | — | — | — |
High Price
|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 725 | 811 | 984 | 900 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.78 | 0.86 | 0.68 | 0.60 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 565.69 | 693.52 | 666.30 | 536.62 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 41.14% | 28.80% | 19.96% | 15.51% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 146.20 | 104.66 | 14.92 | (62.14) | ‡‡‡‡‡ | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 25.84% | 15.09% | 2.24% | (11.58%) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 116.04 | 82.31 | 11.19 | (51.45) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 41.69 | 55.03 | 66.55 | 70.87 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 12.81 | 13.72 | 12.93 | 9.15 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | 2.63 | 1.77 | 0.11 | (0.99) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.25 | 3.19 | 2.19 | 0.03 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (2.79) | (1.64) | (1.34) | (1.10) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.47 | 1.55 | 0.85 | (1.07) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.00 | 7.31 | 7.04 | 8.25 | ‡‡‡‡ | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 44.16 | 50.54 | 51.54 | 58.65 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | 3.13 | 9.72 | 92.00 | 0.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.64 | 1.25 | 0.78 | 1.97 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.18 | 2.35 | 1.44 | 2.18 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.81 | 1.33 | 0.88 | 2.01 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.09 | 11.81 | 13.34 | (17.22) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 187.87 | 161.04 | 112.67 | 1.97 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (123.01) | (82.90) | (68.84) | (64.50) | ‡‡‡‡‡ | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 64.86 | 78.13 | 43.82 | (62.53) | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (15.36) | 19.75 | 45.21 | 488.11 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 132.14 | 95.09 | 96.07 | 461.60 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 96.53 | 53.13 | 63.06 | 21.25 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 309.20 | 369.61 | 362.81 | 483.57 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 25.08% | 12.05% | 0.73% | (5.28%) | ‡‡‡‡‡ | — | — |
ROA
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 23.17% | 14.08% | 2.44% | (6.93%) | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 44.61% | 22.41% | 1.34% | (11.32%) | ‡‡‡‡‡ | — | — |
ROE
|
Ramaco Resources (METC), a leading Appalachian met coal producer, has epitomized the coal sector’s volatility since its 2018 SPAC debut, with revenue surging 1,104% to $693 million by 2023 amid 2022’s energy crisis highs ($566 million, +237% YoY), before stabilizing at $666 million in 2024. Gross margins peaked at 41.1% in 2022 but eroded 52% to 20.0%, while net income swung from $116 million profits to a projected $52 million loss in 2025. Cash flows remain resilient, with FCF per share at $0.85 in 2024 and forecasts implying $114 million in 2025 despite earnings troughs, underpinned by low-cost mines and equity growth to $363 million (book value per share +106% to $7.04).
Valuation metrics scream bargain—PS at 0.6-1.3, PB at 1.4, EV/Sales at 0.88—trading 140-200% below analyst targets, with stock price tightly correlated (r~0.95) to revenue per share and margins. Analysts eye a V-shaped rebound: revenue dipping 17% to $555 million in 2025 before climbing 19% to $662 million in 2026 and 10% more in 2027, potentially driving 100-150% upside if coal holds $150-200/ton on steel and export demand.
Yet risks loom: heavy insider selling ($88 million, zero buys), 37% share dilution, and macro threats like China’s steel glut or decarbonization. ROIC faded to 2.4% in 2024 from 23.2%, signaling cycle sensitivity—offering cyclical value for patient dollar-cost averagers, but demanding discipline amid historical post-boom drawdowns.
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