Ramaco Resources, Inc. (METC) 10-Year Financial Performance & Capital Metrics

METC • • Industrial / General

EnergyCoalMetallurgical Coal ProducersAppalachian Met Coal Producers

AboutRamaco Resources, Inc. produces and sells metallurgical coal. The company's development portfolio includes the Elk Creek project consisting of approximately 20,200 acres of controlled mineral and 16 seams located in southern West Virginia; the Berwind property comprising approximately 41,300 acres of controlled mineral and an area of Squire Jim seam coal deposits, which is situated on the border of West Virginia and Virginia; the Knox Creek property consisting of approximately 62,100 acres of controlled mineral that is located in Virginia; and the RAM Mine property comprising approximately 1,570 acres of controlled mineral, which is situated in southwestern Pennsylvania. The company serves blast furnace steel mills and coke plants in the United States, as well as international metallurgical coal consumers. The company was founded in 2015 and is headquartered in Lexington, Kentucky.Show more

Revenue $666M -3.9%
EBITDA $84M -44.5%
Net Income $11M -86.4%
EPS (Diluted) 0.21 -87.9%
Gross Margin 9.89% -52.4%
EBITDA Margin 12.56% -42.3%
Operating Margin 2.5% -81.8%
Net Margin 1.68% -85.8%
ROE 3.06% -87.4%
ROIC 2.89% -83.0%
Debt/Equity 0.29 +4.4%
Interest Coverage 2.72 -74.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 24.0%
✓Momentum leader: RS Rating 82 (top 18%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 23.7%
✓Healthy dividend yield of 2.6%

✗Weaknesses

✗Profits declining 14.8% over 5 years
✗Dividend payout exceeds 100% of earnings
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y23.68%

3Y32.97%

TTM-16.99%

Profit (Net Income) CAGR

10Y-

5Y-14.8%

3Y-34.46%

TTM-187.99%

EPS CAGR

10Y-

5Y-19.21%

3Y-38.44%

TTM-91.16%

ROCE

10Y Avg6.46%

5Y Avg14.51%

3Y Avg21.9%

Latest3.17%

Peer Comparison

Appalachian Met Coal Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
METCRamaco Resources, Inc.	1.19B	21.53	102.52	-3.93%	-5.67%	-6.24%	3.69%	0.29
METCBRamaco Resources, Inc.	146.28M	13.30	63.33	-3.93%	-5.67%	-6.24%	39.26%	0.28
AMRAlpha Metallurgical Resources, Inc.	3.21B	249.65	17.48	-14.81%	-2.09%	-2.92%	11.87%	0.00
ARECAmerican Resources Corporation	366.99M	3.56	-6.85	-97.1%	-275.14%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	0	5.22M	61.04M	227.57M	230.21M	168.91M	283.39M	565.69M	693.52M	666.29M
Revenue Growth %	-	-	10.7%	2.73%	0.01%	-0.27%	0.68%	1%	0.23%	-0.04%
Cost of Goods Sold+	1.01M	5.29M	64.34M	189.47M	182.5M	166.99M	222.23M	375.27M	549.45M	600.37M
COGS % of Revenue	-	1.02%	1.05%	0.83%	0.79%	0.99%	0.78%	0.66%	0.79%	0.9%
Gross Profit+	-1.01M	-78.34K	-3.3M	38.1M	47.71M	1.93M	61.16M	190.42M	144.08M	65.92M
Gross Margin %	-	-0.02%	-0.05%	0.17%	0.21%	0.01%	0.22%	0.34%	0.21%	0.1%
Gross Profit Growth %	-0%	0.92%	-41.15%	12.54%	0.25%	-0.96%	30.69%	2.11%	-0.24%	-0.54%
Operating Expenses+	1.32M	7.45M	12.59M	14.01M	18.18M	21.02M	21.63M	40.03M	48.83M	49.29M
OpEx % of Revenue	-	1.43%	0.21%	0.06%	0.08%	0.12%	0.08%	0.07%	0.07%	0.07%
Selling, General & Admin	1.32M	7.45M	12.59M	14.01M	18.18M	21.02M	21.63M	40.03M	48.83M	49.29M
SG&A % of Revenue	-	1.43%	0.21%	0.06%	0.08%	0.12%	0.08%	0.07%	0.07%	0.07%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	-2.33M	-7.53M	-15.89M	24.1M	29.53M	-19.09M	39.53M	150.39M	95.25M	16.64M
Operating Margin %	-	-1.44%	-0.26%	0.11%	0.13%	-0.11%	0.14%	0.27%	0.14%	0.02%
Operating Income Growth %	-0.32%	-2.23%	-1.11%	2.52%	0.23%	-1.65%	3.07%	2.8%	-0.37%	-0.83%
EBITDA+	-2.26M	-7.05M	-12.33M	37.01M	49.56M	2.39M	66.35M	192.7M	150.9M	83.72M
EBITDA Margin %	-	-1.35%	-0.2%	0.16%	0.22%	0.01%	0.23%	0.34%	0.22%	0.13%
EBITDA Growth %	-0.33%	-2.12%	-0.75%	4%	0.34%	-0.95%	26.77%	1.9%	-0.22%	-0.45%
D&A (Non-Cash Add-back)	74.52K	480.99K	3.56M	12.92M	20.03M	21.48M	26.82M	42.31M	55.66M	67.08M
EBIT	-2.33M	-7.39M	-15.39M	26.65M	31.29M	-7.17M	46.96M	153.02M	113.57M	21.04M
Net Interest Income+	0	15K	272K	-1.43M	-1.19M	-1.22M	-2.56M	-6.83M	-8.9M	-6.12M
Interest Income	0	139K	295.19K	36K	0	0	0	0	0	0
Interest Expense	2K	124K	22.84K	1.46M	1.19M	1.22M	2.56M	6.83M	8.9M	6.12M
Other Income/Expense	-1.92K	14.63K	476.32K	1.09M	565K	10.7M	4.87M	-4.19M	9.42M	-1.72M
Pretax Income+	-2.33M	-7.52M	-15.42M	25.19M	30.1M	-8.39M	44.41M	146.19M	104.66M	14.92M
Pretax Margin %	-	-1.44%	-0.25%	0.11%	0.13%	-0.05%	0.16%	0.26%	0.15%	0.02%
Income Tax+	0	0	0	113K	5.16M	-3.48M	4.65M	30.15M	22.35M	3.73M
Effective Tax Rate %	1%	1%	1%	1%	0.83%	0.58%	0.9%	0.79%	0.79%	0.75%
Net Income+	-2.33M	-7.52M	-15.42M	25.07M	24.93M	-4.91M	39.76M	116.04M	82.31M	11.19M
Net Margin %	-	-1.44%	-0.25%	0.11%	0.11%	-0.03%	0.14%	0.21%	0.12%	0.02%
Net Income Growth %	-0.32%	-2.22%	-1.05%	2.63%	-0.01%	-1.2%	9.1%	1.92%	-0.29%	-0.86%
Net Income (Continuing)	-2.34M	-7.52M	-15.42M	25.07M	24.93M	-4.91M	39.76M	116.04M	82.31M	11.19M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.06	-0.19	-0.41	0.62	0.61	-0.12	0.90	2.60	1.73	0.21
EPS Growth %	-0.32%	-2.23%	-1.16%	2.51%	-0.02%	-1.2%	8.5%	1.89%	-0.33%	-0.88%
EPS (Basic)	-0.06	-0.19	-0.41	0.63	0.61	-0.12	0.90	2.63	1.77	0.22
Diluted Shares Outstanding	39.63M	39.06M	37.6M	40.26M	40.84M	42.46M	44.26M	44.7M	44.75M	44.61M
Basic Shares Outstanding	39.06M	39.06M	37.58M	40.04M	40.84M	42.46M	43.96M	44.16M	46.5M	53.65M
Dividend Payout Ratio	-	-	-	-	-	-	-	0.17%	0.31%	2.2%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.25M	63.26M	29.46M	35.02M	44.32M	42.5M	86.76M	147.49M	189.74M	167.63M
Cash & Short-Term Investments	993.63K	60.43M	11.13M	6.95M	5.53M	5.3M	21.89M	35.61M	41.96M	33.01M
Cash Only	993.63K	5.2M	5.93M	6.95M	5.53M	5.3M	21.89M	35.61M	41.96M	33.01M
Short-Term Investments	0	55.24M	5.2M	0	0	0	0	0	0	0
Accounts Receivable	0	914.74K	7.17M	10.73M	19.26M	20.3M	44.45M	41.17M	96.87M	73.58M
Days Sales Outstanding	-	64.02	42.85	17.21	30.53	43.86	57.25	26.57	50.98	40.31
Inventory	0	1.52M	10.06M	14.19M	15.26M	11.95M	15.79M	44.97M	37.16M	43.36M
Days Inventory Outstanding	-	104.7	57.06	27.33	30.52	26.11	25.94	43.74	24.69	26.36
Other Current Assets	0	0	0	0	1.53M	1.41M	900K	15.5M	800K	4.7M
Total Non-Current Assets+	19.1M	55.95M	118.64M	153.22M	182.49M	186.12M	242.27M	448.85M	476.1M	507.05M
Property, Plant & Equipment	16.01M	46.43M	115.45M	149.21M	178.2M	180.64M	236.23M	443.44M	469.91M	495.78M
Fixed Asset Turnover	-	0.11x	0.53x	1.53x	1.29x	0.94x	1.20x	1.28x	1.48x	1.34x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	5.2M	0	0	0	0	0	0	0	0
Other Non-Current Assets	3.09M	4.32M	3.19M	-18.28M	4.29M	5.48M	6.04M	5.41M	6.18M	11.27M
Total Assets+	20.35M	119.21M	148.1M	188.24M	226.81M	228.62M	329.03M	596.34M	665.84M	674.69M
Asset Turnover	-	0.04x	0.41x	1.21x	1.01x	0.74x	0.86x	0.95x	1.04x	0.99x
Asset Growth %	0.71%	4.86%	0.24%	0.27%	0.2%	0.01%	0.44%	0.81%	0.12%	0.01%
Total Current Liabilities+	914K	15.36M	22.42M	29.84M	26.41M	29.11M	46.66M	162.84M	169.99M	122.43M
Accounts Payable	640.48K	8.96M	19.53M	16.39M	10.66M	11.74M	15.35M	34.83M	51.62M	48.85M
Days Payables Outstanding	231.77	617.47	110.81	31.58	21.33	25.67	25.2	33.87	34.29	29.7
Short-Term Debt	0	500K	0	5M	3.33M	4.87M	7.67M	75.64M	56.53M	359K
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	-547	5.9M	2.89M	8.45M	19K	46K	489K	4.61M	4.15M	5.34M
Current Ratio	1.37x	4.12x	1.31x	1.17x	1.68x	1.46x	1.86x	0.91x	1.12x	1.37x
Quick Ratio	1.37x	4.02x	0.87x	0.70x	1.10x	1.05x	1.52x	0.63x	0.90x	1.02x
Cash Conversion Cycle	-	-448.75	-10.9	12.95	39.73	44.31	57.98	36.44	41.37	36.97
Total Non-Current Liabilities+	12.78M	20.06M	12.28M	17.29M	30.32M	30.41M	71.3M	124.3M	126.25M	189.45M
Long-Term Debt	0	10.63M	0	4.47M	9.61M	12.58M	35.7M	51.59M	33.65M	88.19M
Capital Lease Obligations	0	0	0	0	100K	31K	4.6M	5.5M	5.37M	8.61M
Deferred Tax Liabilities	0	0	0	22.41M	0	0	0	0	0	0
Other Non-Current Liabilities	2.1M	9.43M	12.28M	12.71M	20.61M	17.81M	31M	67.21M	87.23M	92.65M
Total Liabilities	13.69M	35.42M	34.7M	47.13M	56.73M	59.53M	117.96M	287.14M	296.23M	311.88M
Total Debt+	10.68M	11.13M	0	9.47M	13.15M	17.56M	51.46M	138.82M	101.13M	103.67M
Net Debt	9.69M	5.93M	-5.93M	2.52M	7.62M	12.26M	29.57M	103.21M	59.17M	70.66M
Debt / Equity	1.60x	0.13x	-	0.07x	0.08x	0.10x	0.24x	0.45x	0.27x	0.29x
Debt / EBITDA	-	-	-	0.26x	0.27x	7.35x	0.78x	0.72x	0.67x	1.24x
Net Debt / EBITDA	-	-	-	0.07x	0.15x	5.13x	0.45x	0.54x	0.39x	0.84x
Interest Coverage	-1166.50x	-60.72x	-695.80x	16.47x	24.75x	-15.60x	15.47x	22.02x	10.70x	2.72x
Total Equity+	6.66M	83.79M	113.4M	141.11M	170.08M	169.09M	211.07M	309.2M	369.61M	362.81M
Equity Growth %	7.84%	11.58%	0.35%	0.24%	0.21%	-0.01%	0.25%	0.46%	0.2%	-0.02%
Book Value per Share	0.17	2.14	3.02	3.50	4.16	3.98	4.77	6.92	8.26	8.13
Total Shareholders' Equity	6.66M	83.79M	113.4M	141.11M	170.08M	169.09M	211.07M	309.2M	369.61M	362.81M
Common Stock	6.66M	18.25M	395.59K	401K	410K	427K	441K	442K	528K	533K
Retained Earnings	0	-18.25M	-35.29M	-10.22M	14.72M	9.81M	47.07M	140.04M	91.94M	69.53M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	-35.29M	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-1.92M	-3.86M	-8.75M	36.04M	42.38M	13.31M	53.34M	187.87M	161.04M	112.67M
Operating CF Margin %	-	-0.74%	-0.14%	0.16%	0.18%	0.08%	0.19%	0.33%	0.23%	0.17%
Operating CF Growth %	-0.13%	-1.02%	-1.27%	5.12%	0.18%	-0.69%	3.01%	2.52%	-0.14%	-0.3%
Net Income	-2.34M	-7.52M	-15.39M	25.07M	24.93M	-4.91M	39.76M	116.04M	82.31M	11.19M
Depreciation & Amortization	74.52K	480.99K	3.56M	12.92M	20.03M	21.48M	26.82M	42.31M	55.66M	67.08M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	0	0	109K	5.16M	-3.5M	4.64M	29.23M	18.71M	1.68M
Other Non-Cash Items	0	3.39M	2.8M	3.21M	4.12M	-4.25M	67K	7.36M	3.49M	18.38M
Working Capital Changes	345K	-215.13K	284.13K	-5.27M	-11.86M	4.49M	-17.95M	-7.07M	865K	14.34M
Change in Receivables	0	-914.74K	-6.25M	-3.56M	-8.53M	-1.04M	-24.15M	3.28M	-55.69M	23.28M
Change in Inventory	0	-1.52M	-8.54M	-4.13M	-1.08M	3.31M	-3.84M	-29.18M	7.81M	-6.2M
Change in Payables	92K	1.86M	15.54M	-1.52M	-7.31M	2.75M	-1.82M	12.73M	24.55M	-4.83M
Cash from Investing+	-3.46M	-77.46M	-19.8M	-42.94M	-45.72M	-24.75M	-59.61M	-145.71M	-72.21M	-70.83M
Capital Expenditures	-4.85M	-16.72M	-75.04M	-48.14M	-45.72M	-24.75M	-59.61M	-123.01M	-82.9M	-68.84M
CapEx % of Revenue	-	3.21%	1.23%	0.21%	0.2%	0.15%	0.21%	0.22%	0.12%	0.1%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0	0	-1.06M	10.12M	-2.25M
Cash from Financing+	6.37M	85.53M	29.29M	7.92M	2.83M	11.29M	22.37M	-28.5M	-82.52M	-50.79M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	-5.41M	0	0	0	0	-20.04M	-25.82M	-24.6M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	6.74M	-2.12M	-127.05K	-989K	-590K	-1.6M	-1.4M	-4.47M	-12.52M	-16.12M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-6.77M	-20.58M	-83.79M	-12.1M	-3.34M	-11.44M	-6.27M	64.86M	78.13M	43.82M
FCF Margin %	-	-3.95%	-1.37%	-0.05%	-0.01%	-0.07%	-0.02%	0.11%	0.11%	0.07%
FCF Growth %	-0.15%	-2.04%	-3.07%	0.86%	0.72%	-2.43%	0.45%	11.34%	0.2%	-0.44%
FCF per Share	-0.17	-0.53	-2.23	-0.30	-0.08	-0.27	-0.14	1.45	1.75	0.98
FCF Conversion (FCF/Net Income)	0.82x	0.51x	0.57x	1.44x	1.70x	-2.71x	1.34x	1.62x	1.96x	10.07x
Interest Paid	0	0	0	0	0	1.09M	1.6M	6M	8.11M	4.76M
Taxes Paid	0	0	0	0	0	19K	9K	15.5M	771K	1.23M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-82.12%	-16.62%	-15.64%	19.7%	16.02%	-2.89%	20.92%	44.61%	24.25%	3.06%
Return on Invested Capital (ROIC)	-22.76%	-10.65%	-12.09%	14.39%	13.79%	-7.98%	14.05%	34.54%	16.98%	2.89%
Gross Margin	-	-1.5%	-5.41%	16.74%	20.72%	1.14%	21.58%	33.66%	20.77%	9.89%
Net Margin	-	-144.09%	-25.26%	11.02%	10.83%	-2.9%	14.03%	20.51%	11.87%	1.68%
Debt / Equity	1.60x	0.13x	-	0.07x	0.08x	0.10x	0.24x	0.45x	0.27x	0.29x
Interest Coverage	-1166.50x	-60.72x	-695.80x	16.47x	24.75x	-15.60x	15.47x	22.02x	10.70x	2.72x
FCF Conversion	0.82x	0.51x	0.57x	1.44x	1.70x	-2.71x	1.34x	1.62x	1.96x	10.07x
Revenue Growth	-	-	1070.24%	272.85%	1.16%	-26.63%	67.77%	99.61%	22.6%	-3.93%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Export Revenues	-	-	-	139.45M	237.37M	466.04M	444.63M
Export Revenues Growth	-	-	-	-	70.22%	96.34%	-4.59%
Domestic Coal Revenues	121.43M	164.26M	119.98M	143.95M	328.32M	227.48M	221.66M
Domestic Coal Revenues Growth	-	35.26%	-26.95%	19.97%	128.09%	-30.71%	-2.56%
Export Coal Revenues	106.14M	65.96M	48.93M	-	-	-	-
Export Coal Revenues Growth	-	-37.86%	-25.81%	-	-	-	-
Coal Sales	227.57M	-	-	-	-	-	-
Coal Sales Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Ramaco Resources, Inc. (METC) has a price-to-earnings (P/E) ratio of 102.5x. This suggests investors expect higher future growth.

Growth & Financials

Ramaco Resources, Inc. (METC) reported $579.5M in revenue for fiscal year 2024.

Ramaco Resources, Inc. (METC) saw revenue decline by 3.9% over the past year.

Ramaco Resources, Inc. (METC) reported a net loss of $32.9M for fiscal year 2024.

Dividend & Returns

Yes, Ramaco Resources, Inc. (METC) pays a dividend with a yield of 2.56%. This makes it attractive for income-focused investors.

Ramaco Resources, Inc. (METC) has a return on equity (ROE) of 3.1%. This is below average, suggesting room for improvement.

Ramaco Resources, Inc. (METC) had negative free cash flow of $31.3M in fiscal year 2024, likely due to heavy capital investments.

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Ramaco Resources, Inc. (METC) 10-Year Financial Performance & Capital Metrics

METC • • Industrial / General

EnergyCoalMetallurgical Coal ProducersAppalachian Met Coal Producers

Revenue $666M -3.9%
EBITDA $84M -44.5%
Net Income $11M -86.4%
EPS (Diluted) 0.21 -87.9%
Gross Margin 9.89% -52.4%
EBITDA Margin 12.56% -42.3%
Operating Margin 2.5% -81.8%
Net Margin 1.68% -85.8%
ROE 3.06% -87.4%
ROIC 2.89% -83.0%
Debt/Equity 0.29 +4.4%
Interest Coverage 2.72 -74.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 24.0%
✓Momentum leader: RS Rating 82 (top 18%)
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 23.7%
✓Healthy dividend yield of 2.6%

✗Weaknesses

✗Profits declining 14.8% over 5 years
✗Dividend payout exceeds 100% of earnings
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y23.68%

3Y32.97%

TTM-16.99%

Profit (Net Income) CAGR

10Y-

5Y-14.8%

3Y-34.46%

TTM-187.99%

EPS CAGR

10Y-

5Y-19.21%

3Y-38.44%

TTM-91.16%

ROCE

10Y Avg6.46%

5Y Avg14.51%

3Y Avg21.9%

Latest3.17%

Peer Comparison

Appalachian Met Coal Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
METCRamaco Resources, Inc.	1.19B	21.53	102.52	-3.93%	-5.67%	-6.24%	3.69%	0.29
METCBRamaco Resources, Inc.	146.28M	13.30	63.33	-3.93%	-5.67%	-6.24%	39.26%	0.28
AMRAlpha Metallurgical Resources, Inc.	3.21B	249.65	17.48	-14.81%	-2.09%	-2.92%	11.87%	0.00
ARECAmerican Resources Corporation	366.99M	3.56	-6.85	-97.1%	-275.14%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	0	5.22M	61.04M	227.57M	230.21M	168.91M	283.39M	565.69M	693.52M	666.29M
Revenue Growth %	-	-	10.7%	2.73%	0.01%	-0.27%	0.68%	1%	0.23%	-0.04%
Cost of Goods Sold+	1.01M	5.29M	64.34M	189.47M	182.5M	166.99M	222.23M	375.27M	549.45M	600.37M
COGS % of Revenue	-	1.02%	1.05%	0.83%	0.79%	0.99%	0.78%	0.66%	0.79%	0.9%
Gross Profit+	-1.01M	-78.34K	-3.3M	38.1M	47.71M	1.93M	61.16M	190.42M	144.08M	65.92M
Gross Margin %	-	-0.02%	-0.05%	0.17%	0.21%	0.01%	0.22%	0.34%	0.21%	0.1%
Gross Profit Growth %	-0%	0.92%	-41.15%	12.54%	0.25%	-0.96%	30.69%	2.11%	-0.24%	-0.54%
Operating Expenses+	1.32M	7.45M	12.59M	14.01M	18.18M	21.02M	21.63M	40.03M	48.83M	49.29M
OpEx % of Revenue	-	1.43%	0.21%	0.06%	0.08%	0.12%	0.08%	0.07%	0.07%	0.07%
Selling, General & Admin	1.32M	7.45M	12.59M	14.01M	18.18M	21.02M	21.63M	40.03M	48.83M	49.29M
SG&A % of Revenue	-	1.43%	0.21%	0.06%	0.08%	0.12%	0.08%	0.07%	0.07%	0.07%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	-2.33M	-7.53M	-15.89M	24.1M	29.53M	-19.09M	39.53M	150.39M	95.25M	16.64M
Operating Margin %	-	-1.44%	-0.26%	0.11%	0.13%	-0.11%	0.14%	0.27%	0.14%	0.02%
Operating Income Growth %	-0.32%	-2.23%	-1.11%	2.52%	0.23%	-1.65%	3.07%	2.8%	-0.37%	-0.83%
EBITDA+	-2.26M	-7.05M	-12.33M	37.01M	49.56M	2.39M	66.35M	192.7M	150.9M	83.72M
EBITDA Margin %	-	-1.35%	-0.2%	0.16%	0.22%	0.01%	0.23%	0.34%	0.22%	0.13%
EBITDA Growth %	-0.33%	-2.12%	-0.75%	4%	0.34%	-0.95%	26.77%	1.9%	-0.22%	-0.45%
D&A (Non-Cash Add-back)	74.52K	480.99K	3.56M	12.92M	20.03M	21.48M	26.82M	42.31M	55.66M	67.08M
EBIT	-2.33M	-7.39M	-15.39M	26.65M	31.29M	-7.17M	46.96M	153.02M	113.57M	21.04M
Net Interest Income+	0	15K	272K	-1.43M	-1.19M	-1.22M	-2.56M	-6.83M	-8.9M	-6.12M
Interest Income	0	139K	295.19K	36K	0	0	0	0	0	0
Interest Expense	2K	124K	22.84K	1.46M	1.19M	1.22M	2.56M	6.83M	8.9M	6.12M
Other Income/Expense	-1.92K	14.63K	476.32K	1.09M	565K	10.7M	4.87M	-4.19M	9.42M	-1.72M
Pretax Income+	-2.33M	-7.52M	-15.42M	25.19M	30.1M	-8.39M	44.41M	146.19M	104.66M	14.92M
Pretax Margin %	-	-1.44%	-0.25%	0.11%	0.13%	-0.05%	0.16%	0.26%	0.15%	0.02%
Income Tax+	0	0	0	113K	5.16M	-3.48M	4.65M	30.15M	22.35M	3.73M
Effective Tax Rate %	1%	1%	1%	1%	0.83%	0.58%	0.9%	0.79%	0.79%	0.75%
Net Income+	-2.33M	-7.52M	-15.42M	25.07M	24.93M	-4.91M	39.76M	116.04M	82.31M	11.19M
Net Margin %	-	-1.44%	-0.25%	0.11%	0.11%	-0.03%	0.14%	0.21%	0.12%	0.02%
Net Income Growth %	-0.32%	-2.22%	-1.05%	2.63%	-0.01%	-1.2%	9.1%	1.92%	-0.29%	-0.86%
Net Income (Continuing)	-2.34M	-7.52M	-15.42M	25.07M	24.93M	-4.91M	39.76M	116.04M	82.31M	11.19M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.06	-0.19	-0.41	0.62	0.61	-0.12	0.90	2.60	1.73	0.21
EPS Growth %	-0.32%	-2.23%	-1.16%	2.51%	-0.02%	-1.2%	8.5%	1.89%	-0.33%	-0.88%
EPS (Basic)	-0.06	-0.19	-0.41	0.63	0.61	-0.12	0.90	2.63	1.77	0.22
Diluted Shares Outstanding	39.63M	39.06M	37.6M	40.26M	40.84M	42.46M	44.26M	44.7M	44.75M	44.61M
Basic Shares Outstanding	39.06M	39.06M	37.58M	40.04M	40.84M	42.46M	43.96M	44.16M	46.5M	53.65M
Dividend Payout Ratio	-	-	-	-	-	-	-	0.17%	0.31%	2.2%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.25M	63.26M	29.46M	35.02M	44.32M	42.5M	86.76M	147.49M	189.74M	167.63M
Cash & Short-Term Investments	993.63K	60.43M	11.13M	6.95M	5.53M	5.3M	21.89M	35.61M	41.96M	33.01M
Cash Only	993.63K	5.2M	5.93M	6.95M	5.53M	5.3M	21.89M	35.61M	41.96M	33.01M
Short-Term Investments	0	55.24M	5.2M	0	0	0	0	0	0	0
Accounts Receivable	0	914.74K	7.17M	10.73M	19.26M	20.3M	44.45M	41.17M	96.87M	73.58M
Days Sales Outstanding	-	64.02	42.85	17.21	30.53	43.86	57.25	26.57	50.98	40.31
Inventory	0	1.52M	10.06M	14.19M	15.26M	11.95M	15.79M	44.97M	37.16M	43.36M
Days Inventory Outstanding	-	104.7	57.06	27.33	30.52	26.11	25.94	43.74	24.69	26.36
Other Current Assets	0	0	0	0	1.53M	1.41M	900K	15.5M	800K	4.7M
Total Non-Current Assets+	19.1M	55.95M	118.64M	153.22M	182.49M	186.12M	242.27M	448.85M	476.1M	507.05M
Property, Plant & Equipment	16.01M	46.43M	115.45M	149.21M	178.2M	180.64M	236.23M	443.44M	469.91M	495.78M
Fixed Asset Turnover	-	0.11x	0.53x	1.53x	1.29x	0.94x	1.20x	1.28x	1.48x	1.34x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	5.2M	0	0	0	0	0	0	0	0
Other Non-Current Assets	3.09M	4.32M	3.19M	-18.28M	4.29M	5.48M	6.04M	5.41M	6.18M	11.27M
Total Assets+	20.35M	119.21M	148.1M	188.24M	226.81M	228.62M	329.03M	596.34M	665.84M	674.69M
Asset Turnover	-	0.04x	0.41x	1.21x	1.01x	0.74x	0.86x	0.95x	1.04x	0.99x
Asset Growth %	0.71%	4.86%	0.24%	0.27%	0.2%	0.01%	0.44%	0.81%	0.12%	0.01%
Total Current Liabilities+	914K	15.36M	22.42M	29.84M	26.41M	29.11M	46.66M	162.84M	169.99M	122.43M
Accounts Payable	640.48K	8.96M	19.53M	16.39M	10.66M	11.74M	15.35M	34.83M	51.62M	48.85M
Days Payables Outstanding	231.77	617.47	110.81	31.58	21.33	25.67	25.2	33.87	34.29	29.7
Short-Term Debt	0	500K	0	5M	3.33M	4.87M	7.67M	75.64M	56.53M	359K
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	-547	5.9M	2.89M	8.45M	19K	46K	489K	4.61M	4.15M	5.34M
Current Ratio	1.37x	4.12x	1.31x	1.17x	1.68x	1.46x	1.86x	0.91x	1.12x	1.37x
Quick Ratio	1.37x	4.02x	0.87x	0.70x	1.10x	1.05x	1.52x	0.63x	0.90x	1.02x
Cash Conversion Cycle	-	-448.75	-10.9	12.95	39.73	44.31	57.98	36.44	41.37	36.97
Total Non-Current Liabilities+	12.78M	20.06M	12.28M	17.29M	30.32M	30.41M	71.3M	124.3M	126.25M	189.45M
Long-Term Debt	0	10.63M	0	4.47M	9.61M	12.58M	35.7M	51.59M	33.65M	88.19M
Capital Lease Obligations	0	0	0	0	100K	31K	4.6M	5.5M	5.37M	8.61M
Deferred Tax Liabilities	0	0	0	22.41M	0	0	0	0	0	0
Other Non-Current Liabilities	2.1M	9.43M	12.28M	12.71M	20.61M	17.81M	31M	67.21M	87.23M	92.65M
Total Liabilities	13.69M	35.42M	34.7M	47.13M	56.73M	59.53M	117.96M	287.14M	296.23M	311.88M
Total Debt+	10.68M	11.13M	0	9.47M	13.15M	17.56M	51.46M	138.82M	101.13M	103.67M
Net Debt	9.69M	5.93M	-5.93M	2.52M	7.62M	12.26M	29.57M	103.21M	59.17M	70.66M
Debt / Equity	1.60x	0.13x	-	0.07x	0.08x	0.10x	0.24x	0.45x	0.27x	0.29x
Debt / EBITDA	-	-	-	0.26x	0.27x	7.35x	0.78x	0.72x	0.67x	1.24x
Net Debt / EBITDA	-	-	-	0.07x	0.15x	5.13x	0.45x	0.54x	0.39x	0.84x
Interest Coverage	-1166.50x	-60.72x	-695.80x	16.47x	24.75x	-15.60x	15.47x	22.02x	10.70x	2.72x
Total Equity+	6.66M	83.79M	113.4M	141.11M	170.08M	169.09M	211.07M	309.2M	369.61M	362.81M
Equity Growth %	7.84%	11.58%	0.35%	0.24%	0.21%	-0.01%	0.25%	0.46%	0.2%	-0.02%
Book Value per Share	0.17	2.14	3.02	3.50	4.16	3.98	4.77	6.92	8.26	8.13
Total Shareholders' Equity	6.66M	83.79M	113.4M	141.11M	170.08M	169.09M	211.07M	309.2M	369.61M	362.81M
Common Stock	6.66M	18.25M	395.59K	401K	410K	427K	441K	442K	528K	533K
Retained Earnings	0	-18.25M	-35.29M	-10.22M	14.72M	9.81M	47.07M	140.04M	91.94M	69.53M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	-35.29M	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-1.92M	-3.86M	-8.75M	36.04M	42.38M	13.31M	53.34M	187.87M	161.04M	112.67M
Operating CF Margin %	-	-0.74%	-0.14%	0.16%	0.18%	0.08%	0.19%	0.33%	0.23%	0.17%
Operating CF Growth %	-0.13%	-1.02%	-1.27%	5.12%	0.18%	-0.69%	3.01%	2.52%	-0.14%	-0.3%
Net Income	-2.34M	-7.52M	-15.39M	25.07M	24.93M	-4.91M	39.76M	116.04M	82.31M	11.19M
Depreciation & Amortization	74.52K	480.99K	3.56M	12.92M	20.03M	21.48M	26.82M	42.31M	55.66M	67.08M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	0	0	109K	5.16M	-3.5M	4.64M	29.23M	18.71M	1.68M
Other Non-Cash Items	0	3.39M	2.8M	3.21M	4.12M	-4.25M	67K	7.36M	3.49M	18.38M
Working Capital Changes	345K	-215.13K	284.13K	-5.27M	-11.86M	4.49M	-17.95M	-7.07M	865K	14.34M
Change in Receivables	0	-914.74K	-6.25M	-3.56M	-8.53M	-1.04M	-24.15M	3.28M	-55.69M	23.28M
Change in Inventory	0	-1.52M	-8.54M	-4.13M	-1.08M	3.31M	-3.84M	-29.18M	7.81M	-6.2M
Change in Payables	92K	1.86M	15.54M	-1.52M	-7.31M	2.75M	-1.82M	12.73M	24.55M	-4.83M
Cash from Investing+	-3.46M	-77.46M	-19.8M	-42.94M	-45.72M	-24.75M	-59.61M	-145.71M	-72.21M	-70.83M
Capital Expenditures	-4.85M	-16.72M	-75.04M	-48.14M	-45.72M	-24.75M	-59.61M	-123.01M	-82.9M	-68.84M
CapEx % of Revenue	-	3.21%	1.23%	0.21%	0.2%	0.15%	0.21%	0.22%	0.12%	0.1%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0	0	-1.06M	10.12M	-2.25M
Cash from Financing+	6.37M	85.53M	29.29M	7.92M	2.83M	11.29M	22.37M	-28.5M	-82.52M	-50.79M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	-5.41M	0	0	0	0	-20.04M	-25.82M	-24.6M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	6.74M	-2.12M	-127.05K	-989K	-590K	-1.6M	-1.4M	-4.47M	-12.52M	-16.12M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-6.77M	-20.58M	-83.79M	-12.1M	-3.34M	-11.44M	-6.27M	64.86M	78.13M	43.82M
FCF Margin %	-	-3.95%	-1.37%	-0.05%	-0.01%	-0.07%	-0.02%	0.11%	0.11%	0.07%
FCF Growth %	-0.15%	-2.04%	-3.07%	0.86%	0.72%	-2.43%	0.45%	11.34%	0.2%	-0.44%
FCF per Share	-0.17	-0.53	-2.23	-0.30	-0.08	-0.27	-0.14	1.45	1.75	0.98
FCF Conversion (FCF/Net Income)	0.82x	0.51x	0.57x	1.44x	1.70x	-2.71x	1.34x	1.62x	1.96x	10.07x
Interest Paid	0	0	0	0	0	1.09M	1.6M	6M	8.11M	4.76M
Taxes Paid	0	0	0	0	0	19K	9K	15.5M	771K	1.23M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-82.12%	-16.62%	-15.64%	19.7%	16.02%	-2.89%	20.92%	44.61%	24.25%	3.06%
Return on Invested Capital (ROIC)	-22.76%	-10.65%	-12.09%	14.39%	13.79%	-7.98%	14.05%	34.54%	16.98%	2.89%
Gross Margin	-	-1.5%	-5.41%	16.74%	20.72%	1.14%	21.58%	33.66%	20.77%	9.89%
Net Margin	-	-144.09%	-25.26%	11.02%	10.83%	-2.9%	14.03%	20.51%	11.87%	1.68%
Debt / Equity	1.60x	0.13x	-	0.07x	0.08x	0.10x	0.24x	0.45x	0.27x	0.29x
Interest Coverage	-1166.50x	-60.72x	-695.80x	16.47x	24.75x	-15.60x	15.47x	22.02x	10.70x	2.72x
FCF Conversion	0.82x	0.51x	0.57x	1.44x	1.70x	-2.71x	1.34x	1.62x	1.96x	10.07x
Revenue Growth	-	-	1070.24%	272.85%	1.16%	-26.63%	67.77%	99.61%	22.6%	-3.93%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Export Revenues	-	-	-	139.45M	237.37M	466.04M	444.63M
Export Revenues Growth	-	-	-	-	70.22%	96.34%	-4.59%
Domestic Coal Revenues	121.43M	164.26M	119.98M	143.95M	328.32M	227.48M	221.66M
Domestic Coal Revenues Growth	-	35.26%	-26.95%	19.97%	128.09%	-30.71%	-2.56%
Export Coal Revenues	106.14M	65.96M	48.93M	-	-	-	-
Export Coal Revenues Growth	-	-37.86%	-25.81%	-	-	-	-
Coal Sales	227.57M	-	-	-	-	-	-
Coal Sales Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Ramaco Resources, Inc. (METC) has a price-to-earnings (P/E) ratio of 102.5x. This suggests investors expect higher future growth.

Growth & Financials

Ramaco Resources, Inc. (METC) reported $579.5M in revenue for fiscal year 2024.

Ramaco Resources, Inc. (METC) saw revenue decline by 3.9% over the past year.

Ramaco Resources, Inc. (METC) reported a net loss of $32.9M for fiscal year 2024.

Dividend & Returns

Yes, Ramaco Resources, Inc. (METC) pays a dividend with a yield of 2.56%. This makes it attractive for income-focused investors.

Ramaco Resources, Inc. (METC) has a return on equity (ROE) of 3.1%. This is below average, suggesting room for improvement.

Ramaco Resources, Inc. (METC) had negative free cash flow of $31.3M in fiscal year 2024, likely due to heavy capital investments.