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Side-by-side financial comparison of C3.ai, Inc. (AI) and Ramaco Resources, Inc. (METC). Click either name above to swap in a different company.
Ramaco Resources, Inc. is the larger business by last-quarter revenue ($121.0M vs $75.1M, roughly 1.6× C3.ai, Inc.). Ramaco Resources, Inc. runs the higher net margin — -11.0% vs -139.3%, a 128.3% gap on every dollar of revenue. On growth, C3.ai, Inc. posted the faster year-over-year revenue change (-20.3% vs -27.7%). Ramaco Resources, Inc. produced more free cash flow last quarter ($-17.5M vs $-46.9M). Over the past eight quarters, C3.ai, Inc.'s revenue compounded faster (-2.1% CAGR vs -22.7%).
C3.ai, Inc. is a leading enterprise artificial intelligence software provider that develops and delivers scalable AI applications, platform tools, and industry-specific solutions for clients across sectors including manufacturing, energy, financial services, healthcare and public sector. Its offerings help organizations optimize operations, reduce costs, mitigate risks, and realize data-driven decision making.
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.
AI vs METC — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $121.0M |
| Net Profit | $-104.7M | $-13.3M |
| Gross Margin | 40.4% | 15.8% |
| Operating Margin | -149.2% | -12.0% |
| Net Margin | -139.3% | -11.0% |
| Revenue YoY | -20.3% | -27.7% |
| Net Profit YoY | -58.7% | -5468.2% |
| EPS (diluted) | $-0.75 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $75.1M | — | ||
| Q3 25 | $70.3M | $121.0M | ||
| Q2 25 | $108.7M | $153.0M | ||
| Q1 25 | $98.8M | $134.7M | ||
| Q4 24 | $94.3M | $170.9M | ||
| Q3 24 | $87.2M | $167.4M | ||
| Q2 24 | $86.6M | $155.3M | ||
| Q1 24 | $78.4M | $172.7M |
| Q4 25 | $-104.7M | — | ||
| Q3 25 | $-116.8M | $-13.3M | ||
| Q2 25 | $-79.7M | $-14.0M | ||
| Q1 25 | $-80.2M | $-9.5M | ||
| Q4 24 | $-66.0M | $3.9M | ||
| Q3 24 | $-62.8M | $-239.0K | ||
| Q2 24 | $-72.9M | $5.5M | ||
| Q1 24 | $-72.6M | $2.0M |
| Q4 25 | 40.4% | — | ||
| Q3 25 | 37.6% | 15.8% | ||
| Q2 25 | 62.1% | 12.3% | ||
| Q1 25 | 59.1% | 15.2% | ||
| Q4 24 | 61.3% | 20.4% | ||
| Q3 24 | 59.8% | 19.5% | ||
| Q2 24 | 59.6% | 21.0% | ||
| Q1 24 | 57.8% | 19.1% |
| Q4 25 | -149.2% | — | ||
| Q3 25 | -177.7% | -12.0% | ||
| Q2 25 | -81.8% | -9.1% | ||
| Q1 25 | -88.7% | -8.9% | ||
| Q4 24 | -79.8% | 3.7% | ||
| Q3 24 | -83.2% | 1.0% | ||
| Q2 24 | -95.1% | 3.5% | ||
| Q1 24 | -105.3% | 1.9% |
| Q4 25 | -139.3% | — | ||
| Q3 25 | -166.2% | -11.0% | ||
| Q2 25 | -73.3% | -9.1% | ||
| Q1 25 | -81.2% | -7.0% | ||
| Q4 24 | -69.9% | 2.3% | ||
| Q3 24 | -72.0% | -0.1% | ||
| Q2 24 | -84.2% | 3.6% | ||
| Q1 24 | -92.6% | 1.2% |
| Q4 25 | $-0.75 | — | ||
| Q3 25 | $-0.86 | — | ||
| Q2 25 | $-0.60 | — | ||
| Q1 25 | $-0.62 | — | ||
| Q4 24 | $-0.52 | $0.06 | ||
| Q3 24 | $-0.50 | $-0.03 | ||
| Q2 24 | $-0.59 | $0.08 | ||
| Q1 24 | $-0.60 | $0.00 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $675.0M | $193.8M |
| Total DebtLower is stronger | — | $116.3M |
| Stockholders' EquityBook value | $771.9M | $526.9M |
| Total Assets | $961.3M | $849.7M |
| Debt / EquityLower = less leverage | — | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | — | ||
| Q3 25 | $711.9M | $193.8M | ||
| Q2 25 | $742.7M | $28.1M | ||
| Q1 25 | $724.3M | $43.5M | ||
| Q4 24 | $730.4M | $33.0M | ||
| Q3 24 | $762.5M | $22.9M | ||
| Q2 24 | $750.4M | $27.6M | ||
| Q1 24 | $723.3M | $30.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $116.3M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $88.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $771.9M | — | ||
| Q3 25 | $798.8M | $526.9M | ||
| Q2 25 | $838.3M | $347.4M | ||
| Q1 25 | $860.2M | $355.2M | ||
| Q4 24 | $859.0M | $362.8M | ||
| Q3 24 | $874.9M | $361.8M | ||
| Q2 24 | $873.4M | $366.1M | ||
| Q1 24 | $898.0M | $372.3M |
| Q4 25 | $961.3M | — | ||
| Q3 25 | $968.7M | $849.7M | ||
| Q2 25 | $1.0B | $674.6M | ||
| Q1 25 | $1.1B | $685.7M | ||
| Q4 24 | $1.0B | $674.7M | ||
| Q3 24 | $1.1B | $645.4M | ||
| Q2 24 | $1.0B | $659.2M | ||
| Q1 24 | $1.1B | $674.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-46.5M | $-1.4M |
| Free Cash FlowOCF − Capex | $-46.9M | $-17.5M |
| FCF MarginFCF / Revenue | -62.4% | -14.5% |
| Capex IntensityCapex / Revenue | 0.5% | 13.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | $-24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.5M | — | ||
| Q3 25 | $-33.5M | $-1.4M | ||
| Q2 25 | $11.3M | $-4.3M | ||
| Q1 25 | $-22.0M | $26.0M | ||
| Q4 24 | $-38.7M | $15.7M | ||
| Q3 24 | $8.0M | $37.4M | ||
| Q2 24 | $21.3M | $34.4M | ||
| Q1 24 | $-39.1M | $25.2M |
| Q4 25 | $-46.9M | — | ||
| Q3 25 | $-34.3M | $-17.5M | ||
| Q2 25 | $10.3M | $-19.8M | ||
| Q1 25 | $-22.4M | $7.6M | ||
| Q4 24 | $-39.5M | $5.1M | ||
| Q3 24 | $7.1M | $25.6M | ||
| Q2 24 | $18.8M | $20.3M | ||
| Q1 24 | $-45.1M | $6.5M |
| Q4 25 | -62.4% | — | ||
| Q3 25 | -48.8% | -14.5% | ||
| Q2 25 | 9.5% | -13.0% | ||
| Q1 25 | -22.7% | 5.6% | ||
| Q4 24 | -41.9% | 3.0% | ||
| Q3 24 | 8.2% | 15.3% | ||
| Q2 24 | 21.7% | 13.1% | ||
| Q1 24 | -57.6% | 3.7% |
| Q4 25 | 0.5% | — | ||
| Q3 25 | 1.1% | 13.3% | ||
| Q2 25 | 0.9% | 10.2% | ||
| Q1 25 | 0.4% | 13.7% | ||
| Q4 24 | 0.9% | 6.2% | ||
| Q3 24 | 1.1% | 7.0% | ||
| Q2 24 | 2.9% | 9.1% | ||
| Q1 24 | 7.8% | 10.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.06× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 6.21× | ||
| Q1 24 | — | 12.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AI
| License And Service | $70.2M | 93% |
| Professional Services | $4.9M | 7% |
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
