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Ramaco Resources, Inc.

METC Basic Materials Coking Coal

Ramaco Resources, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $536.6 million, down 19.5% from fiscal 2024.

Revenue
−5.33%
EPS
+10.3%
Free cash flow
+22.9%
Total debt
+265.6%

Quarter to June 2026, against a year earlier

6.60 0.45 −6.38%
Market cap
$415.7M
P/E
0.0×
Fwd P/E
−7.3×
Dividend yield
0.00%
F-score
3/9
Altman Z
1.79
Beneish M
−3.21
Dividend safety
16/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 66.10
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — 16 — 1 — — 1 — — —
Insider Ownership 34.37%

Capital & Financial Ratios $m

Size
Market Cap 415.71
Revenue ttm 515.42
Net income ttm (61.75)
Free cash flow ttm (115.91)
Net debt Q 178.44
Valuation
P/E 0.00
Forward P/E (7.25) (negative: loss-making)
Price / sales 0.83
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.13
Financial health
Current ratio Q 4.23 (at or above 1.5: strong)
Debt / equity Q 1.23
Interest coverage Q (12.01)
Growth
Revenue growth Q −5.33% (below 0%: shrinking)
Operating income growth Q −31.81% (below 0%: shrinking)
EPS, this year +4.04%
EPS, next year A +96.84% (at or above 15%: strong)
Revenue, next year A +7.08%
EPS, past 5 yrs —
EPS, next 5 yrs A +22.13% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.2×, against a ten-year median of 1.2×; over the ten years it ranged from 0.5× in 2020 to 9.4× in 2017.
P/S against its own 10 years 29.77%
10-year low 10-year high
P/B against its own 10 years 20.83%
10-year low 10-year high
EV/Sales against its own 10 years 51.02%
10-year low 10-year high

Dividends raised every year since 2022

Yield
0.00%
Annual rate
0.00
Payout ratio
—
Growth, 2022–24
+9.15%/yr
  1. 0.45 ’22
  2. 0.49 ’23 +9%
  3. 0.54 ’24 +9%
  4. 0.12 ’25e −78%
paid forecast Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 42 33 440 283
Receivables 97 74 54 61
Inventory 37 43 87 100
Other — — — —
190 168 598 461
2023 2024 2025 Q'26
Payables 52 49 42 50
ST’ Debt 57 0 0 —
Other 0 1 2 1
170 122 110 109

Compound Annual Growth %

10y 5y 3y
Sales — 26.01% (1.74%)
Cash Flow 0.00% (31.77%) (78.12%)
Earnings 0.00% 0.00% 0.00%
Book Value 53.50% 23.39% 16.08%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate −0.23 Actual −0.26

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 −0.33 −0.25 Beat by 0.08
Q4 FY25 −0.24 −0.26 Miss by 0.02
Q1 FY26 −0.22 −0.30 Miss by 0.08
Q2 FY26 −0.23 −0.26 Miss by 0.03
Q3 FY26 −0.26 — Reports 3 November 2026

EPS $

Mar Jun Sep Dec Year
’26 (0.30) (0.26) — — —
’25 (0.19) (0.29) (0.25) (0.26) (0.99)
’24 0.04 0.08 (0.03) 0.06 0.11
’23 0.57 0.17 0.40 0.47 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)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 122 145 — — —
’25 135 153 121 128 537
’24 173 155 167 171 666
’23 166 137 187 203 694
’22 155 139 137 135 566
’21 43 76 76 88 283
’20 42 36 39 51 169
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (35) 12 — — —
’25 26 (4) (1) (18) 2
’24 25 34 37 16 113
’23 21 28 70 42 161
’22 77 32 49 29 188
’21 0 32 5 16 53
’20 6 0 (6) 12 13
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (52) (15) — — —
’25 6 (19) (18) (31) (63)
’24 6 13 21 4 44
’23 (2) 4 53 24 78
’22 58 (2) 12 (3) 65
’21 (3) 28 (4) 4 24
’20 (2) (9) (8) 8 (11)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 5 61 228 230 169 283 566 694 666 537 515 +67.3% 575 695 892 +18.5%
Gross margin, % 15.70 0.84 22.42 29.43 13.86 31.05 41.14 28.80 19.96 15.51 14.29 (0.2) pt
EBT (8) (15) 25 30 (8) 44 146 105 15 (62) (76) +26.5%
EBT margin, % (144.09) (25.26) 11.07 13.07 (4.97) 15.67 25.84 15.09 2.24 (11.58) (14.77) +132.5 pt
Net income (8) (15) 25 25 (5) 40 116 82 11 (51) (62) +23.8%
Per share, $
Per share, $ Revenue 0.13 1.62 5.68 5.64 3.98 6.45 12.81 13.72 12.93 9.15 7.98 +60.0%
Earnings (0.19) (0.41) 0.63 0.61 (0.12) 0.90 2.63 1.77 0.11 (0.99) (1.07) +20.1%
Cash flow (0.10) (0.23) 0.90 1.04 0.31 1.21 4.25 3.19 2.19 0.03 (0.65) n/m
Capex (0.43) (2.00) (1.20) (1.12) (0.58) (0.67) (2.79) (1.64) (1.34) (1.10) (1.14) +11.1%
Free cash flow (0.53) (2.23) (0.30) (0.08) (0.27) 0.54 1.47 1.55 0.85 (1.07) (1.79) +8.1%
Book value (0.13) 3.02 3.52 4.16 3.98 4.80 7.00 7.31 7.04 8.25 5.82 n/m
Shares, m 39 38 40 41 42 44 44 51 52 59 63 +4.6%
Valuation, ×
Valuation, × P/E 0.00 0.00 8.11 5.77 0.00 14.95 3.21 10.66 57.58 0.00 0.00 10.0
P/S 0.00 4.21 0.87 0.64 0.72 2.11 0.66 1.28 0.79 1.97 0.83 1.3
P/B 0.00 2.27 1.40 0.86 0.72 2.83 1.20 2.41 1.46 2.18 1.13 1.5
EV/Sales 0.00 4.20 0.88 0.67 0.80 2.20 0.83 1.36 0.89 2.01 1.17 1.4
EV/FCF (12.39) (3.06) (16.79) (45.99) (11.75) 26.14 7.23 12.08 13.51 (17.22) (5.22) (4.8)
Cash, $m
Cash, $m Operating cash flow (4) (9) 36 42 13 53 188 161 113 2 (42) n/m
Capex (17) (75) (48) (46) (25) (29) (123) (83) (69) (64) (74) +16.2%
Free cash flow (21) (84) (12) (3) (11) 24 65 78 44 (63) (116) +13.1%
Balance, $m
Balance, $m Working capital 48 7 5 18 13 40 (15) 20 45 488 352 +29.4%
Net debt (49) (11) 3 7 12 26 97 53 63 21 178 n/m
Shareholders’ equity (5) 113 141 170 169 211 309 370 363 484 376 n/m
Returns, %
Returns, % ROA (10.77) (11.54) 14.91 12.01 (2.15) 14.26 25.08 12.05 0.73 (5.28) (6.76) +5.5 pt
ROIC 0.00 (9.71) 10.49 10.40 (6.58) 10.42 23.17 14.08 2.44 (6.93) (8.19) (6.9) pt
ROE (13.86) (28.44) 19.70 16.02 (2.89) 20.92 44.61 22.41 1.34 (11.32) (15.89) +2.5 pt
People
People Employees 31 268 349 395 349 454 725 811 984 900 — +45.4%
Revenue/emp, $m 0.17 0.23 0.65 0.58 0.48 0.62 0.78 0.86 0.68 0.60 — +15.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Ramaco Resources, Inc. vs peers in Coking Coal (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
HCC Warrior Met Coal $4.5B 20.7× 13.5× +71.31% (above 0%: growing) +1,400.00% (above 0%: growing) +376.32% (above 0%: growing) 31.90% 18.54% Compare
AMR Alpha Metallurgical Resources, Inc. $2.0B — (loss-making) — (loss-making) −10.43% (below 0%: shrinking) n/m −128.43% (below 0%: shrinking) 9.98% (2.13%) Compare
SXC SunCoke Energy, Inc. $961.6M — (loss-making) 27.3× +9.49% (above 0%: growing) +650.00% (above 0%: growing) −979.59% (below 0%: shrinking) 21.12% 6.10% Compare
METCB Ramaco Resources, Inc. $682.3M — (loss-making) — −5.33% (below 0%: shrinking) n/m +22.91% (above 0%: growing) 11.48% (12.60%) Compare
METC Ramaco Resources, Inc. $415.7M — (loss-making) — (loss-making) −5.33% (below 0%: shrinking) n/m +22.91% (above 0%: growing) 11.48% (12.60%)
Median of peers $1.5B — — +2.08% — −52.76% 16.30% 1.99%

All 5 Coking Coal stocks →

Pay and ownership Proxy statement filed 27 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 9.21m 16.19m 719.41
2024 7.76m (3.12m) 387.59
2023 7.51m 20.07m 601.92
2022 5.87m (894.65k) 255.08
2021 4.36m 16.28m 379.89
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Ramaco Resources, Inc. (METC) Latest News

28 Oct

Impact 3 · · PR Newswire

26 Oct

Impact 4 · · Simply Wall St.

24 Oct

Impact 4 · · Simply Wall St.

22 Oct

Impact 3 · · PR Newswire

19 Oct

Impact 4 · · Zacks

5 Oct

Impact 3 · · PR Newswire

18 Aug

Impact 3 ·

11 Aug

Impact 4 · · The Motley Fool transcript

5 Aug

Impact 3 · · MarketBeat transcript

4 Aug

Impact 3 ·

29 Jul

Impact 3 ·

9 Jul

Impact 4 ·

8 Jun

Impact 4 · · Insider Monkey

28 May

Impact 4 · · GlobeNewswire

12 May

Impact 4 · · GuruFocus.com
Impact 4 · · The Motley Fool transcript
Impact 4 · · MarketBeat

11 May

Impact 4 · · PR Newswire
Impact 3 · · Zacks

4 May

Impact 3 · · Zacks

6 Mar

Impact 4 · · Insider Monkey

1 Mar

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

26 Feb

Impact 4 · · MarketBeat

25 Feb

Impact 4 ·
Impact 3 · · Associated Press Finance

12 Feb

Impact 3 · · Bloomberg

11 Feb

Impact 4 · · Insider Monkey

10 Feb

Impact 4 · · Insider Monkey

6 Feb

Impact 4 · · Simply Wall St.
stockrow.com/METC · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com