Alliance Resource Partners, L.P. (ARLP) Financial Ratios
28 years of historical data (1998–2025) · Energy · Coal
EV/EBITDA
↑
5.02
↑+24% vs avg
5yr avg: 4.05
30Y Low2.4·High19.8
P/FCF
↑
7.80
+11% vs avg
5yr avg: 7.01
30Y Low2.0·High85.7
P/B Ratio
↑
1.62
+6% vs avg
5yr avg: 1.54
30Y Low0.5·High50.6
ROE
↑
16.8%
↑-34% vs avg
5yr avg: 25.5%
30Y Low-11%·High381%
Debt/EBITDA
↓
0.70
+11% vs avg
5yr avg: 0.63
30Y Low0.0·High4.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ARLP Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Alliance Resource Partners, L.P. trades at 9.7x earnings, 30% above its 5-year average of 7.5x, sitting at the 73rd percentile of its historical range. Compared to the Energy sector median P/E of 15.5x, the stock trades at a discount of 37%. On a free-cash-flow basis, the stock trades at 7.8x P/FCF, 11% above the 5-year average of 7.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.0B | $3.0B | $3.4B | $2.7B | $2.6B | $1.6B | $570M | $1.4B | $2.3B | $1.9B | $1.7B |
| Enterprise Value | $3.4B | $3.4B | $3.7B | $3.0B | $2.7B | $1.9B | $1.1B | $2.2B | $2.7B | $2.5B | $2.3B |
| P/E Ratio → | 9.72 | 9.60 | 9.49 | 4.40 | 4.63 | 9.29 | — | 3.52 | 6.19 | 7.04 | 6.62 |
| P/S Ratio | 1.38 | 1.36 | 1.37 | 1.05 | 1.07 | 1.02 | 0.43 | 0.71 | 1.13 | 1.08 | 0.86 |
| P/B Ratio | 1.62 | 1.60 | 1.82 | 1.45 | 1.51 | 1.31 | 0.53 | 1.10 | 1.91 | 1.69 | 1.53 |
| P/FCF | 7.80 | 7.69 | 8.99 | 7.44 | 5.01 | 5.91 | 2.03 | 6.56 | 4.89 | 4.60 | 2.75 |
| P/OCF | 4.65 | 4.58 | 4.19 | 3.24 | 3.22 | 3.77 | 1.42 | 2.68 | 3.25 | 3.43 | 2.37 |
P/E links to full P/E history page with 30-year chart
ARLP EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Alliance Resource Partners, L.P.'s enterprise value stands at 5.0x EBITDA, 24% above its 5-year average of 4.1x. The Energy sector median is 7.8x, placing the stock at a 36% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.55 | 1.52 | 1.16 | 1.13 | 1.23 | 0.85 | 1.10 | 1.37 | 1.40 | 1.19 |
| EV / EBITDA | 5.02 | 4.95 | 5.23 | 3.17 | 2.90 | 4.00 | 2.87 | 3.67 | 4.46 | 4.18 | 3.33 |
| EV / EBIT | 8.91 | 9.03 | 8.91 | 4.39 | 4.01 | 8.86 | — | 4.77 | 6.71 | 7.31 | 6.19 |
| EV / FCF | — | 8.74 | 9.92 | 8.24 | 5.28 | 7.11 | 4.01 | 10.21 | 5.91 | 5.95 | 3.77 |
ARLP Profitability
Margins and return-on-capital ratios measuring operating efficiency
Alliance Resource Partners, L.P. earns an operating margin of 17.6%, above the Energy sector average of 13.8%. Operating margins have compressed from 26.2% to 17.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 16.8% indicates solid capital efficiency, compared to the sector median of 7.2%. ROIC of 12.9% represents solid returns on invested capital versus a sector median of 6.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.3% | 21.3% | 20.7% | 29.3% | 30.6% | 18.4% | 10.1% | 17.7% | 20.0% | 21.9% | 22.7% |
| Operating Margin | 17.6% | 17.6% | 17.4% | 26.2% | 27.3% | 14.0% | 5.6% | 14.0% | 16.6% | 18.5% | 18.9% |
| Net Profit Margin | 14.2% | 14.2% | 14.7% | 24.5% | 24.2% | 11.6% | -9.7% | 20.4% | 18.3% | 16.9% | 13.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 16.8% | 16.8% | 19.4% | 35.3% | 40.0% | 15.9% | -11.0% | 32.6% | 31.3% | 27.1% | 24.2% |
| ROA | 10.8% | 10.8% | 12.7% | 22.8% | 24.0% | 8.5% | -5.4% | 16.0% | 15.9% | 13.8% | 11.1% |
| ROIC | 12.9% | 12.9% | 14.7% | 25.2% | 29.1% | 10.3% | 3.0% | 11.2% | 14.8% | 14.5% | 15.3% |
| ROCE | 14.5% | 14.5% | 16.2% | 26.7% | 29.7% | 11.1% | 3.4% | 12.3% | 16.7% | 17.5% | 19.2% |
ARLP Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Alliance Resource Partners, L.P. carries a Debt/EBITDA ratio of 0.7x, which is very conservative (73% below the sector average of 2.6x). Net debt stands at $409M ($480M total debt minus $71M cash). Interest coverage of 9.5x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.26 | 0.26 | 0.26 | 0.19 | 0.25 | 0.37 | 0.57 | 0.64 | 0.60 | 0.50 | 0.61 |
| Debt / EBITDA | 0.70 | 0.70 | 0.68 | 0.37 | 0.46 | 0.93 | 1.56 | 1.38 | 1.16 | 0.96 | 0.96 |
| Net Debt / Equity | — | 0.22 | 0.19 | 0.16 | 0.08 | 0.27 | 0.52 | 0.61 | 0.40 | 0.49 | 0.57 |
| Net Debt / EBITDA | 0.60 | 0.60 | 0.49 | 0.31 | 0.15 | 0.68 | 1.42 | 1.32 | 0.77 | 0.94 | 0.90 |
| Debt / FCF | — | 1.05 | 0.93 | 0.80 | 0.27 | 1.21 | 1.98 | 3.66 | 1.01 | 1.34 | 1.02 |
| Interest Coverage | 9.46 | 9.46 | 11.83 | 18.86 | 18.20 | 5.57 | -1.83 | 9.87 | 10.14 | 8.73 | 12.07 |
ARLP Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Alliance Resource Partners, L.P.'s current ratio of 2.10x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.41x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 2.27x to 2.10x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.10 | 2.10 | 2.20 | 2.27 | 2.56 | 1.91 | 1.15 | 1.63 | 1.51 | 0.97 | 0.85 |
| Quick Ratio | 1.41 | 1.41 | 1.68 | 1.71 | 2.26 | 1.57 | 0.88 | 1.12 | 1.33 | 0.76 | 0.66 |
| Cash Ratio | 0.35 | 0.35 | 0.59 | 0.26 | 1.16 | 0.69 | 0.26 | 0.19 | 0.74 | 0.02 | 0.12 |
| Asset Turnover | — | 0.77 | 0.84 | 0.92 | 0.89 | 0.73 | 0.61 | 0.76 | 0.84 | 0.81 | 0.88 |
| Inventory Turnover | 12.10 | 12.10 | 16.09 | 14.23 | 21.71 | 21.24 | 21.17 | 15.93 | 27.05 | 23.27 | 24.45 |
| Days Sales Outstanding | — | 21.90 | 26.38 | 41.57 | 37.71 | 30.27 | 29.70 | 30.13 | 31.95 | 36.98 | 28.83 |
ARLP Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Alliance Resource Partners, L.P. returns 11.2% to shareholders annually primarily through dividends. The payout ratio exceeds 100% at 108.4%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 10.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 11.2% | 11.3% | 10.8% | 13.5% | 7.6% | 3.2% | 9.1% | 20.1% | 12.2% | 12.4% | 14.9% |
| Payout Ratio | 108.4% | 108.4% | 100.7% | 57.9% | 33.5% | 28.5% | — | 69.7% | 75.3% | 79.3% | 98.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 10.3% | 10.4% | 10.5% | 22.7% | 21.6% | 10.8% | — | 28.4% | 16.1% | 14.2% | 15.1% |
| FCF Yield | 12.8% | 13.0% | 11.1% | 13.4% | 20.0% | 16.9% | 49.2% | 15.3% | 20.4% | 21.7% | 36.4% |
| Buyback Yield | 0.0% | 0.0% | 0.5% | 0.7% | 0.0% | 0.0% | 0.0% | 1.7% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 11.2% | 11.3% | 11.3% | 14.3% | 7.6% | 3.2% | 9.1% | 21.7% | 12.2% | 12.4% | 14.9% |
| Shares Outstanding | — | $128M | $128M | $127M | $127M | $127M | $127M | $128M | $131M | $99M | $74M |
Peer Comparison
Compare ARLP with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ARLPYou | $3B | 9.7 | 5.0 | 7.8 | 21.3% | 17.6% | 16.8% | 12.9% | 0.7 |
 BTU | $3B | -57.7 | 7.0 | 5.7 | 2.7% | 0.0% | -1.5% | 0.0% | 1.2 |
 HCC | $5B | 83.9 | 20.2 | — | 8.5% | 3.5% | 2.7% | 1.8% | 1.1 |
 FANG | $52B | 32.0 | 6.6 | 9.9 | 35.2% | 32.7% | 4.0% | 6.7% | 1.5 |
 NRP | $1B | 10.0 | 8.7 | 8.1 | 81.2% | 68.9% | 22.6% | 16.1% | 0.2 |
 SXC | $733M | -16.6 | 6.0 | 17.3 | 7.1% | 3.5% | -6.6% | 4.3% | 3.1 |
 METC | $760M | -13.6 | 24.3 | — | 2.5% | -10.4% | -12.2% | -17.0% | 1.3 |
 AMR | $2B | -39.1 | 14.4 | 132.9 | 0.1% | -2.9% | -3.9% | -3.9% | 0.2 |
 CSX | $85B | 29.6 | 17.8 | 49.6 | 33.2% | 32.1% | 22.5% | 10.9% | 3.3 |
 NSC | $67B | 23.5 | 15.4 | 31.2 | 42.4% | 32.9% | 19.2% | 9.8% | 3.2 |
 CAT | $459B | 52.4 | 36.5 | 44.6 | 32.3% | 16.6% | 43.5% | 15.9% | 3.2 |
| Energy Median | — | 15.5 | 7.8 | 13.8 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 28 years · Updated daily
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ARLP — Frequently Asked Questions
Quick answers to the most common questions about buying ARLP stock.
What is Alliance Resource Partners, L.P.'s P/E ratio?
Alliance Resource Partners, L.P.'s current P/E ratio is 9.7x. The historical average is 11.3x. This places it at the 73th percentile of its historical range.
What is Alliance Resource Partners, L.P.'s EV/EBITDA?
Alliance Resource Partners, L.P.'s current EV/EBITDA is 5.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.0x.
What is Alliance Resource Partners, L.P.'s ROE?
Alliance Resource Partners, L.P.'s return on equity (ROE) is 16.8%. The historical average is 62.9%.
Is ARLP stock overvalued?
Based on historical data, Alliance Resource Partners, L.P. is trading at a P/E of 9.7x. This is at the 73th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Alliance Resource Partners, L.P.'s dividend yield?
Alliance Resource Partners, L.P.'s current dividend yield is 11.17% with a payout ratio of 108.4%.
What are Alliance Resource Partners, L.P.'s profit margins?
Alliance Resource Partners, L.P. has 21.3% gross margin and 17.6% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Alliance Resource Partners, L.P. have?
Alliance Resource Partners, L.P.'s Debt/EBITDA ratio is 0.7x, indicating low leverage. A ratio below 2x is generally considered financially healthy.