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Side-by-side financial comparison of American Resources Corp (AREC) and WARRIOR MET COAL, INC. (HCC). Click either name above to swap in a different company.

WARRIOR MET COAL, INC. is the larger business by last-quarter revenue ($384.0M vs $165, roughly 2327200.0× American Resources Corp). WARRIOR MET COAL, INC. runs the higher net margin — 6.0% vs -4667098.8%, a 4667104.8% gap on every dollar of revenue. On growth, WARRIOR MET COAL, INC. posted the faster year-over-year revenue change (29.1% vs -99.9%). Over the past eight quarters, WARRIOR MET COAL, INC.'s revenue compounded faster (-12.7% CAGR vs -99.5%).

REX American Resources Corp. is an American producer and retailer of ethanol, distillers grains and natural gas as well as a holding company in energy entities. It was founded in 1980 and is headquartered in Dayton, Ohio. The company has the entire ownership of three affiliated corporations including Rex Radio and Television, Inc., Stereo Town, Inc. and Kelly & Cohen Appliances, Inc. As of 2012, the company has the ownership of 22 national retail stores and invested in five ethanol production...

Warrior Met Coal, Inc. (ticker HCC) is a U.S.-headquartered mining enterprise that produces and distributes high-grade metallurgical coal, a key raw material for steel production. It serves steel manufacturers and industrial clients across core markets including North America, Europe, and Asia.

AREC vs HCC — Head-to-Head

Bigger by revenue
HCC
HCC
2327200.0× larger
HCC
$384.0M
$165
AREC
Growing faster (revenue YoY)
HCC
HCC
+129.0% gap
HCC
29.1%
-99.9%
AREC
Higher net margin
HCC
HCC
4667104.8% more per $
HCC
6.0%
-4667098.8%
AREC
Faster 2-yr revenue CAGR
HCC
HCC
Annualised
HCC
-12.7%
-99.5%
AREC

Income Statement — Q3 2025 vs Q4 2025

Metric
AREC
AREC
HCC
HCC
Revenue
$165
$384.0M
Net Profit
$-7.7M
$23.0M
Gross Margin
-41374.5%
29.5%
Operating Margin
-2656743.0%
9.0%
Net Margin
-4667098.8%
6.0%
Revenue YoY
-99.9%
29.1%
Net Profit YoY
27.5%
1919.5%
EPS (diluted)
$-0.05
$0.43

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.

Revenue
AREC
AREC
HCC
HCC
Q4 25
$384.0M
Q3 25
$165
$328.6M
Q2 25
$297.5M
Q1 25
$31.9K
$299.9M
Q4 24
$49.7K
$297.5M
Q3 24
$235.4K
$327.7M
Q2 24
$4.1K
$396.5M
Q1 24
$94.0K
$503.5M
Net Profit
AREC
AREC
HCC
HCC
Q4 25
$23.0M
Q3 25
$-7.7M
$36.6M
Q2 25
$5.6M
Q1 25
$-6.7M
$-8.2M
Q4 24
$-14.6M
$1.1M
Q3 24
$-10.6M
$41.8M
Q2 24
$-7.0M
$70.7M
Q1 24
$-7.0M
$137.0M
Gross Margin
AREC
AREC
HCC
HCC
Q4 25
29.5%
Q3 25
-41374.5%
27.1%
Q2 25
23.9%
Q1 25
-470.0%
18.1%
Q4 24
23.1%
Q3 24
-85.8%
29.3%
Q2 24
34.1%
Q1 24
-938.6%
43.3%
Operating Margin
AREC
AREC
HCC
HCC
Q4 25
9.0%
Q3 25
-2656743.0%
6.3%
Q2 25
2.6%
Q1 25
-15608.8%
-5.8%
Q4 24
-21019.9%
-1.4%
Q3 24
-3750.1%
11.9%
Q2 24
-152122.5%
17.9%
Q1 24
-7158.3%
29.6%
Net Margin
AREC
AREC
HCC
HCC
Q4 25
6.0%
Q3 25
-4667098.8%
11.1%
Q2 25
1.9%
Q1 25
-20847.7%
-2.7%
Q4 24
-29402.3%
0.4%
Q3 24
-4513.4%
12.7%
Q2 24
-170873.1%
17.8%
Q1 24
-7467.8%
27.2%
EPS (diluted)
AREC
AREC
HCC
HCC
Q4 25
$0.43
Q3 25
$-0.05
$0.70
Q2 25
$0.11
Q1 25
$-0.08
$-0.16
Q4 24
$0.02
Q3 24
$-0.14
$0.80
Q2 24
$1.35
Q1 24
$-0.09
$2.62

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AREC
AREC
HCC
HCC
Cash + ST InvestmentsLiquidity on hand
$2.1M
$300.0M
Total DebtLower is stronger
$154.3M
Stockholders' EquityBook value
$-80.7M
$2.1B
Total Assets
$202.4M
$2.8B
Debt / EquityLower = less leverage
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AREC
AREC
HCC
HCC
Q4 25
$300.0M
Q3 25
$2.1M
$336.3M
Q2 25
$383.3M
Q1 25
$24.6K
$454.9M
Q4 24
$1.2M
$491.5M
Q3 24
$991.7K
$583.2M
Q2 24
$554.4K
$709.0M
Q1 24
$693.9M
Total Debt
AREC
AREC
HCC
HCC
Q4 25
$154.3M
Q3 25
$154.1M
Q2 25
$153.9M
Q1 25
$153.8M
Q4 24
$153.6M
Q3 24
$153.5M
Q2 24
$153.3M
Q1 24
$153.2M
Stockholders' Equity
AREC
AREC
HCC
HCC
Q4 25
$2.1B
Q3 25
$-80.7M
$2.1B
Q2 25
$2.1B
Q1 25
$-84.1M
$2.1B
Q4 24
$-79.5M
$2.1B
Q3 24
$-51.8M
$2.1B
Q2 24
$-44.1M
$2.0B
Q1 24
$-52.2M
$2.0B
Total Assets
AREC
AREC
HCC
HCC
Q4 25
$2.8B
Q3 25
$202.4M
$2.7B
Q2 25
$2.6B
Q1 25
$203.6M
$2.6B
Q4 24
$205.9M
$2.6B
Q3 24
$211.6M
$2.6B
Q2 24
$195.5M
$2.6B
Q1 24
$216.1M
$2.5B
Debt / Equity
AREC
AREC
HCC
HCC
Q4 25
0.07×
Q3 25
0.07×
Q2 25
0.07×
Q1 25
0.07×
Q4 24
0.07×
Q3 24
0.07×
Q2 24
0.07×
Q1 24
0.08×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AREC
AREC
HCC
HCC
Operating Cash FlowLast quarter
$-8.0M
$76.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.31×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AREC
AREC
HCC
HCC
Q4 25
$76.1M
Q3 25
$-8.0M
$104.7M
Q2 25
$37.5M
Q1 25
$-1.4M
$10.9M
Q4 24
$-3.7M
$54.2M
Q3 24
$-4.3M
$62.2M
Q2 24
$-8.5M
$147.0M
Q1 24
$-4.8M
$104.1M
Free Cash Flow
AREC
AREC
HCC
HCC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-4.8M
Q2 24
Q1 24
FCF Margin
AREC
AREC
HCC
HCC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-2045.0%
Q2 24
Q1 24
Capex Intensity
AREC
AREC
HCC
HCC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
205.0%
Q2 24
Q1 24
Cash Conversion
AREC
AREC
HCC
HCC
Q4 25
3.31×
Q3 25
2.86×
Q2 25
6.70×
Q1 25
Q4 24
47.68×
Q3 24
1.49×
Q2 24
2.08×
Q1 24
0.76×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AREC
AREC

Segment breakdown not available.

HCC
HCC

Mining Segment$373.6M97%
Other$10.4M3%

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