Warrior Met Coal, Inc. (HCC) Financial Ratios
11 years of historical data (2015–2025) · Energy · Coal
EV/EBITDA
↑
19.47
↑+183% vs avg
5yr avg: 6.87
30Y Low1.4·High19.5
P/FCF
↑
N/A
—
5yr avg: 7.49
30Y Low2.6·High43.4
P/B Ratio
↑
2.15
↑+35% vs avg
5yr avg: 1.59
30Y Low1.2·High2.5
ROE
↓
2.7%
↑-89% vs avg
5yr avg: 23.7%
30Y Low-15%·High124%
Debt/EBITDA
↑
1.15
↑+79% vs avg
5yr avg: 0.64
30Y Low0.3·High4.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
HCC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Warrior Met Coal, Inc. trades at 81.1x earnings, 265% above its 5-year average of 22.2x, sitting at the 88th percentile of its historical range. Compared to the Energy sector median P/E of 16.9x, the stock trades at a premium of 380%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.6B | $4.6B | $2.8B | $3.2B | $1.8B | $1.3B | $1.1B | $1.1B | $1.3B | $1.0B | — |
| Enterprise Value | $4.6B | $4.6B | $2.5B | $2.6B | $1.3B | $1.3B | $1.3B | $1.3B | $1.5B | $1.4B | — |
| P/E Ratio → | 81.06 | 81.64 | 11.32 | 6.63 | 2.79 | 8.77 | — | 3.61 | 1.83 | 2.29 | — |
| P/S Ratio | 3.53 | 3.54 | 1.86 | 1.89 | 1.03 | 1.25 | 1.39 | 0.86 | 0.93 | 0.89 | — |
| P/B Ratio | 2.15 | 2.17 | 1.36 | 1.69 | 1.24 | 1.52 | 1.50 | 1.42 | 1.79 | 2.52 | — |
| P/FCF | — | — | — | 15.15 | 2.83 | 4.50 | 43.40 | 2.56 | 2.77 | 3.05 | — |
| P/OCF | 20.16 | 20.23 | 7.73 | 4.53 | 2.13 | 3.76 | 9.69 | 2.04 | 2.28 | 2.40 | — |
P/E links to full P/E history page with 30-year chart
HCC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Warrior Met Coal, Inc.'s enterprise value stands at 19.5x EBITDA, 183% above its 5-year average of 6.9x. The Energy sector median is 8.1x, placing the stock at a 139% premium 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 | — | 3.52 | 1.65 | 1.56 | 0.75 | 1.24 | 1.66 | 1.00 | 1.12 | 1.16 | — |
| EV / EBITDA | 19.47 | 19.54 | 6.08 | 3.90 | 1.42 | 3.42 | 14.26 | 2.64 | 2.52 | 2.70 | — |
| EV / EBIT | 100.83 | 101.18 | 8.75 | 4.58 | 1.59 | 5.58 | — | 3.20 | 2.99 | 3.19 | — |
| EV / FCF | — | — | — | 12.45 | 2.05 | 4.49 | 51.61 | 2.98 | 3.34 | 3.95 | — |
HCC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Warrior Met Coal, Inc. earns an operating margin of 3.5%, below the Energy sector average of 14.5%. Operating margins have compressed from 32.3% to 3.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 2.7% is modest, trailing the sector median of 7.9%. ROIC of 1.8% represents below-average returns on invested capital versus a sector median of 6.4%.
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 | 8.5% | 8.5% | 97.0% | 35.9% | 50.9% | 31.6% | 0.7% | 33.1% | 47.3% | 46.9% | -14.8% |
| Operating Margin | 3.5% | 3.5% | 16.7% | 32.3% | 46.1% | 23.0% | -3.5% | 30.2% | 36.9% | 36.2% | -22.8% |
| Net Profit Margin | 4.4% | 4.4% | 16.4% | 28.5% | 36.9% | 14.2% | -4.6% | 23.8% | 50.6% | 38.9% | -30.2% |
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 | 2.7% | 2.7% | 12.6% | 28.8% | 55.3% | 18.9% | -4.8% | 40.8% | 123.8% | 78.1% | -14.8% |
| ROA | 2.1% | 2.1% | 10.1% | 21.8% | 36.7% | 10.6% | -2.6% | 22.0% | 58.3% | 46.9% | -12.7% |
| ROIC | 1.8% | 1.8% | 12.4% | 35.9% | 66.0% | 20.3% | -2.2% | 29.9% | 44.9% | 47.6% | -11.2% |
| ROCE | 1.8% | 1.8% | 11.0% | 26.5% | 49.8% | 19.0% | -2.2% | 30.8% | 47.2% | 47.9% | -10.4% |
HCC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Warrior Met Coal, Inc. carries a Debt/EBITDA ratio of 1.1x, which is manageable (52% below the sector average of 2.4x). The company holds a net cash position — cash of $300M exceeds total debt of $271M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 4.7x 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 | 0.13 | 0.13 | 0.08 | 0.09 | 0.23 | 0.45 | 0.58 | 0.49 | 0.66 | 0.84 | 0.01 |
| Debt / EBITDA | 1.15 | 1.15 | 0.42 | 0.26 | 0.37 | 1.02 | 4.60 | 0.78 | 0.77 | 0.69 | — |
| Net Debt / Equity | — | -0.01 | -0.15 | -0.30 | -0.34 | -0.00 | 0.28 | 0.24 | 0.37 | 0.75 | -0.19 |
| Net Debt / EBITDA | -0.12 | -0.12 | -0.77 | -0.84 | -0.54 | -0.01 | 2.27 | 0.38 | 0.43 | 0.62 | — |
| Debt / FCF | — | — | — | -2.70 | -0.78 | -0.01 | 8.21 | 0.43 | 0.57 | 0.91 | — |
| Interest Coverage | 4.68 | 4.68 | 67.42 | 31.70 | 25.91 | 6.48 | -0.73 | 13.51 | 13.79 | 60.95 | — |
Net cash position: cash ($300M) exceeds total debt ($271M)
HCC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Warrior Met Coal, Inc.'s current ratio of 3.19x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.27x 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 7.24x to 3.19x 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 | 3.19 | 3.19 | 5.20 | 7.24 | 7.66 | 5.14 | 2.74 | 3.44 | 3.77 | 2.48 | 4.50 |
| Quick Ratio | 2.27 | 2.27 | 3.99 | 5.99 | 6.66 | 4.65 | 2.05 | 2.68 | 3.31 | 1.98 | 3.89 |
| Cash Ratio | 1.37 | 1.37 | 2.97 | 5.06 | 5.47 | 3.31 | 1.29 | 1.61 | 1.79 | 0.49 | 2.59 |
| Asset Turnover | — | 0.47 | 0.59 | 0.71 | 0.86 | 0.72 | 0.56 | 0.94 | 0.99 | 1.18 | 0.39 |
| Inventory Turnover | 5.08 | 5.08 | 0.22 | 5.84 | 5.54 | 12.15 | 6.55 | 8.66 | 12.81 | 11.44 | 10.75 |
| Days Sales Outstanding | — | 50.79 | 33.89 | 24.04 | 32.64 | 44.85 | 41.24 | 32.88 | 37.04 | 41.28 | 71.02 |
HCC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Warrior Met Coal, Inc. returns 0.6% to shareholders annually — split between a 0.4% dividend yield and 0.2% buyback yield. The payout ratio of 31.3% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 1.2% (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 | 0.4% | 0.4% | 1.5% | 1.9% | 4.4% | 0.8% | 1.0% | 22.1% | 28.3% | 76.5% | — |
| Payout Ratio | 31.3% | 31.3% | 17.5% | 12.8% | 12.4% | 6.9% | — | 79.7% | 51.8% | 175.1% | — |
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 | 1.2% | 1.2% | 8.8% | 15.1% | 35.8% | 11.4% | — | 27.7% | 54.6% | 43.7% | — |
| FCF Yield | — | — | — | 6.6% | 35.3% | 22.2% | 2.3% | 39.1% | 36.1% | 32.8% | — |
| Buyback Yield | 0.2% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.2% | 3.0% | 0.0% | — |
| Total Shareholder Yield | 0.6% | 0.6% | 1.5% | 1.9% | 4.4% | 0.8% | 1.0% | 23.2% | 31.2% | 76.5% | — |
| Shares Outstanding | — | $53M | $52M | $52M | $52M | $51M | $51M | $51M | $53M | $53M | $53M |
Peer Comparison
Compare HCC 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 |
|---|---|---|---|---|---|---|---|---|---|
 HCCYou | $5B | 81.1 | 19.5 | — | 8.5% | 3.5% | 2.7% | 1.8% | 1.1 |
 AMR | $3B | 13.8 | 5.2 | 6.7 | 11.2% | 7.7% | 11.6% | 13.7% | 0.0 |
 SXC | $615M | -13.9 | 5.5 | 14.5 | 7.1% | 3.5% | -6.6% | 4.3% | 3.1 |
 BTU | $3B | -58.0 | 7.1 | 5.8 | 2.7% | 0.0% | -1.5% | 0.0% | 1.2 |
 ARLP | $3B | 10.6 | 5.4 | 8.5 | 21.3% | 17.6% | 16.8% | 12.9% | 0.7 |
 FANG | $55B | 34.0 | 7.0 | 10.5 | 35.2% | 32.7% | 4.0% | 6.7% | 1.5 |
 NRP | $2B | 11.5 | 9.9 | 9.2 | 81.2% | 68.9% | 22.6% | 16.1% | 0.2 |
 NUE | $53B | 31.1 | 14.1 | — | 11.9% | 8.2% | 8.0% | 7.7% | 1.7 |
 STLD | $35B | 30.3 | 19.0 | 69.9 | 13.0% | 8.1% | 13.3% | 9.2% | 2.1 |
 CLF | $6B | -3.7 | — | — | -4.6% | -7.5% | -22.4% | -7.5% | — |
 RS | $19B | 26.9 | 16.2 | 38.3 | 26.8% | 7.2% | 10.3% | 8.9% | 1.5 |
| Energy Median | — | 16.9 | 8.1 | 14.1 | 32.7% | 14.5% | 7.9% | 6.4% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonHCC — Frequently Asked Questions
Quick answers to the most common questions about buying HCC stock.
What is Warrior Met Coal, Inc.'s P/E ratio?
Warrior Met Coal, Inc.'s current P/E ratio is 81.1x. The historical average is 14.9x. This places it at the 88th percentile of its historical range.
What is Warrior Met Coal, Inc.'s EV/EBITDA?
Warrior Met Coal, Inc.'s current EV/EBITDA is 19.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.3x.
What is Warrior Met Coal, Inc.'s ROE?
Warrior Met Coal, Inc.'s return on equity (ROE) is 2.7%. The historical average is 34.1%.
Is HCC stock overvalued?
Based on historical data, Warrior Met Coal, Inc. is trading at a P/E of 81.1x. This is at the 88th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Warrior Met Coal, Inc.'s dividend yield?
Warrior Met Coal, Inc.'s current dividend yield is 0.39% with a payout ratio of 31.3%.
What are Warrior Met Coal, Inc.'s profit margins?
Warrior Met Coal, Inc. has 8.5% gross margin and 3.5% operating margin.
How much debt does Warrior Met Coal, Inc. have?
Warrior Met Coal, Inc.'s Debt/EBITDA ratio is 1.1x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.