vs
Side-by-side financial comparison of BLACKBERRY Ltd (BB) and Ramaco Resources, Inc. (METC). Click either name above to swap in a different company.
BLACKBERRY Ltd is the larger business by last-quarter revenue ($141.8M vs $121.0M, roughly 1.2× Ramaco Resources, Inc.). BLACKBERRY Ltd runs the higher net margin — 9.7% vs -11.0%, a 20.7% gap on every dollar of revenue. On growth, BLACKBERRY Ltd posted the faster year-over-year revenue change (-0.8% vs -27.7%). BLACKBERRY Ltd produced more free cash flow last quarter ($17.4M vs $-17.5M). Over the past eight quarters, BLACKBERRY Ltd's revenue compounded faster (17.8% CAGR vs -22.7%).
BlackBerry Limited, formerly Research In Motion (RIM), is a Canadian software company specializing in secure communications and the Internet of Things (IoT). Founded in 1984, it developed the BlackBerry brand of two-way pagers, smartphones, and tablets. The company later transitioned to providing software and services and holds critical software application patents.
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.
BB vs METC — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.8M | $121.0M |
| Net Profit | $13.7M | $-13.3M |
| Gross Margin | 77.5% | 15.8% |
| Operating Margin | 8.4% | -12.0% |
| Net Margin | 9.7% | -11.0% |
| Revenue YoY | -0.8% | -27.7% |
| Net Profit YoY | 224.5% | -5468.2% |
| EPS (diluted) | $0.02 | — |
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 | $141.8M | — | ||
| Q3 25 | $129.6M | $121.0M | ||
| Q2 25 | $121.7M | $153.0M | ||
| Q1 25 | $141.7M | $134.7M | ||
| Q4 24 | $143.6M | $170.9M | ||
| Q3 24 | $126.2M | $167.4M | ||
| Q2 24 | $123.4M | $155.3M | ||
| Q1 24 | $102.1M | $172.7M |
| Q4 25 | $13.7M | — | ||
| Q3 25 | $13.3M | $-13.3M | ||
| Q2 25 | $1.9M | $-14.0M | ||
| Q1 25 | $-7.4M | $-9.5M | ||
| Q4 24 | $-10.5M | $3.9M | ||
| Q3 24 | $-19.7M | $-239.0K | ||
| Q2 24 | $-41.4M | $5.5M | ||
| Q1 24 | $-56.2M | $2.0M |
| Q4 25 | 77.5% | — | ||
| Q3 25 | 74.5% | 15.8% | ||
| Q2 25 | 74.2% | 12.3% | ||
| Q1 25 | 73.5% | 15.2% | ||
| Q4 24 | 78.1% | 20.4% | ||
| Q3 24 | 70.2% | 19.5% | ||
| Q2 24 | 72.9% | 21.0% | ||
| Q1 24 | — | 19.1% |
| Q4 25 | 8.4% | — | ||
| Q3 25 | 8.9% | -12.0% | ||
| Q2 25 | 1.6% | -9.1% | ||
| Q1 25 | -5.6% | -8.9% | ||
| Q4 24 | 13.6% | 3.7% | ||
| Q3 24 | 1.7% | 1.0% | ||
| Q2 24 | -10.5% | 3.5% | ||
| Q1 24 | 50.0% | 1.9% |
| Q4 25 | 9.7% | — | ||
| Q3 25 | 10.3% | -11.0% | ||
| Q2 25 | 1.6% | -9.1% | ||
| Q1 25 | -5.2% | -7.0% | ||
| Q4 24 | -7.3% | 2.3% | ||
| Q3 24 | -15.6% | -0.1% | ||
| Q2 24 | -33.5% | 3.6% | ||
| Q1 24 | -55.0% | 1.2% |
| Q4 25 | $0.02 | — | ||
| Q3 25 | $0.02 | — | ||
| Q2 25 | $0.00 | — | ||
| Q1 25 | $-0.01 | — | ||
| Q4 24 | $-0.02 | $0.06 | ||
| Q3 24 | $-0.03 | $-0.03 | ||
| Q2 24 | $-0.07 | $0.08 | ||
| Q1 24 | $-0.08 | $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 | $304.2M | $193.8M |
| Total DebtLower is stronger | $196.2M | $116.3M |
| Stockholders' EquityBook value | $741.1M | $526.9M |
| Total Assets | $1.2B | $849.7M |
| Debt / EquityLower = less leverage | 0.26× | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $304.2M | — | ||
| Q3 25 | $290.5M | $193.8M | ||
| Q2 25 | $306.6M | $28.1M | ||
| Q1 25 | $337.8M | $43.5M | ||
| Q4 24 | $220.0M | $33.0M | ||
| Q3 24 | $211.0M | $22.9M | ||
| Q2 24 | $229.0M | $27.6M | ||
| Q1 24 | $237.1M | $30.5M |
| Q4 25 | $196.2M | — | ||
| Q3 25 | $195.9M | $116.3M | ||
| Q2 25 | $195.6M | — | ||
| Q1 25 | $195.3M | — | ||
| Q4 24 | — | $88.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $194.1M | — |
| Q4 25 | $741.1M | — | ||
| Q3 25 | $725.1M | $526.9M | ||
| Q2 25 | $725.1M | $347.4M | ||
| Q1 25 | $719.9M | $355.2M | ||
| Q4 24 | $725.2M | $362.8M | ||
| Q3 24 | $732.1M | $361.8M | ||
| Q2 24 | $742.6M | $366.1M | ||
| Q1 24 | $775.1M | $372.3M |
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $849.7M | ||
| Q2 25 | $1.2B | $674.6M | ||
| Q1 25 | $1.3B | $685.7M | ||
| Q4 24 | $1.3B | $674.7M | ||
| Q3 24 | $1.3B | $645.4M | ||
| Q2 24 | $1.3B | $659.2M | ||
| Q1 24 | $1.4B | $674.0M |
| Q4 25 | 0.26× | — | ||
| Q3 25 | 0.27× | 0.22× | ||
| Q2 25 | 0.27× | — | ||
| Q1 25 | 0.27× | — | ||
| Q4 24 | — | 0.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.25× | — |
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 | $18.3M | $-1.4M |
| Free Cash FlowOCF − Capex | $17.4M | $-17.5M |
| FCF MarginFCF / Revenue | 12.3% | -14.5% |
| Capex IntensityCapex / Revenue | 0.6% | 13.3% |
| Cash ConversionOCF / Net Profit | 1.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $42.8M | $-24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3M | — | ||
| Q3 25 | $3.9M | $-1.4M | ||
| Q2 25 | $-18.0M | $-4.3M | ||
| Q1 25 | $41.6M | $26.0M | ||
| Q4 24 | $6.0M | $15.7M | ||
| Q3 24 | $-16.0M | $37.4M | ||
| Q2 24 | $-15.1M | $34.4M | ||
| Q1 24 | $-15.5M | $25.2M |
| Q4 25 | $17.4M | — | ||
| Q3 25 | $3.1M | $-17.5M | ||
| Q2 25 | $-18.9M | $-19.8M | ||
| Q1 25 | $41.2M | $7.6M | ||
| Q4 24 | $5.2M | $5.1M | ||
| Q3 24 | $-16.5M | $25.6M | ||
| Q2 24 | $-16.5M | $20.3M | ||
| Q1 24 | $-17.6M | $6.5M |
| Q4 25 | 12.3% | — | ||
| Q3 25 | 2.4% | -14.5% | ||
| Q2 25 | -15.5% | -13.0% | ||
| Q1 25 | 29.1% | 5.6% | ||
| Q4 24 | 3.6% | 3.0% | ||
| Q3 24 | -13.1% | 15.3% | ||
| Q2 24 | -13.4% | 13.1% | ||
| Q1 24 | -17.2% | 3.7% |
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.6% | 13.3% | ||
| Q2 25 | 0.7% | 10.2% | ||
| Q1 25 | 0.3% | 13.7% | ||
| Q4 24 | 0.6% | 6.2% | ||
| Q3 24 | 0.4% | 7.0% | ||
| Q2 24 | 1.1% | 9.1% | ||
| Q1 24 | 2.1% | 10.8% |
| Q4 25 | 1.34× | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | -9.47× | — | ||
| 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
BB
| QNX | $68.7M | 48% |
| Secure Communication | $67.0M | 47% |
| Licensing | $6.1M | 4% |
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
