Ramaco Resources, Inc.METCEarnings & Financial Report
Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.
Revenue
$202.7M
Gross Profit
$63.3M
Operating Profit
$37.3M
Net Profit
$30.0M
Gross Margin
31.2%
Operating Margin
18.4%
Net Margin
14.8%
YoY Growth
49.9%
EPS
$0.59
Ramaco Resources, Inc. Q4 FY2023 Financial Summary
Ramaco Resources, Inc. reported revenue of $202.7M (up 49.9% YoY) for Q4 FY2023, with a net profit of $30.0M (up 108.8% YoY) (14.8% margin). Cost of goods sold was $139.4M, operating expenses totaled $26.1M.
Key Financial Metrics
| Total Revenue | $202.7M |
|---|---|
| Net Profit | $30.0M |
| Gross Margin | 31.2% |
| Operating Margin | 18.4% |
| Report Period | Q4 FY2023 |
Ramaco Resources, Inc. Annual Revenue by Year
Ramaco Resources, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $666.3M).
| Year | Annual Revenue |
|---|---|
| 2024 | $666.3M |
| 2023 | $693.5M |
| 2022 | $565.7M |
Ramaco Resources, Inc. Quarterly Revenue & Net Profit History
Ramaco Resources, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $121.0M | -27.7% | $-13.3M | -11.0% |
| Q2 FY2025 | $153.0M | -1.5% | $-14.0M | -9.1% |
| Q1 FY2025 | $134.7M | -22.0% | $-9.5M | -7.0% |
| Q4 FY2024 | $170.9M | -15.7% | $3.9M | 2.3% |
| Q3 FY2024 | $167.4M | -10.5% | $-239.0K | -0.1% |
| Q2 FY2024 | $155.3M | +13.0% | $5.5M | 3.6% |
| Q1 FY2024 | $172.7M | +3.8% | $2.0M | 1.2% |
| Q4 FY2023 | $202.7M | +49.9% | $30.0M | 14.8% |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $202.7M | $172.7M | $155.3M | $167.4M | $170.9M | $134.7M | $153.0M | $121.0M |
| YoY Growth | 49.9% | 3.8% | 13.0% | -10.5% | -15.7% | -22.0% | -1.5% | -27.7% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $665.8M | $674.0M | $659.2M | $645.4M | $674.7M | $685.7M | $674.6M | $849.7M |
| Liabilities | $296.2M | $301.7M | $293.1M | $283.6M | $311.9M | $330.5M | $327.2M | $322.7M |
| Equity | $369.6M | $372.3M | $366.1M | $361.8M | $362.8M | $355.2M | $347.4M | $526.9M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $41.6M | $25.2M | $34.4M | $37.4M | $15.7M | $26.0M | $-4.3M | $-1.4M |