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Side-by-side financial comparison of Business First Bancshares, Inc. (BFST) 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 $83.1M, roughly 1.5× Business First Bancshares, Inc.). On growth, Business First Bancshares, Inc. posted the faster year-over-year revenue change (7.1% vs -27.7%). Business First Bancshares, Inc. produced more free cash flow last quarter ($92.0M vs $-17.5M). Over the past eight quarters, Business First Bancshares, Inc.'s revenue compounded faster (16.8% CAGR vs -22.7%).

First Citizens Bancshares, Inc. is a bank holding company based in Raleigh, North Carolina and one of the largest banks in the United States. Its primary subsidiary is First Citizens Bank, which operates over 500 branches in 23 states. A second subsidiary is Silicon Valley Bank, which operates 39 offices in 15 states.

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.

BFST vs METC — Head-to-Head

Bigger by revenue
METC
METC
1.5× larger
METC
$121.0M
$83.1M
BFST
Growing faster (revenue YoY)
BFST
BFST
+34.8% gap
BFST
7.1%
-27.7%
METC
More free cash flow
BFST
BFST
$109.6M more FCF
BFST
$92.0M
$-17.5M
METC
Faster 2-yr revenue CAGR
BFST
BFST
Annualised
BFST
16.8%
-22.7%
METC

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
BFST
BFST
METC
METC
Revenue
$83.1M
$121.0M
Net Profit
$-13.3M
Gross Margin
15.8%
Operating Margin
33.2%
-12.0%
Net Margin
-11.0%
Revenue YoY
7.1%
-27.7%
Net Profit YoY
-5468.2%
EPS (diluted)
$0.71

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
BFST
BFST
METC
METC
Q4 25
$83.1M
Q3 25
$80.9M
$121.0M
Q2 25
$81.5M
$153.0M
Q1 25
$79.2M
$134.7M
Q4 24
$77.6M
$170.9M
Q3 24
$66.9M
$167.4M
Q2 24
$66.2M
$155.3M
Q1 24
$60.9M
$172.7M
Net Profit
BFST
BFST
METC
METC
Q4 25
Q3 25
$22.9M
$-13.3M
Q2 25
$22.1M
$-14.0M
Q1 25
$20.5M
$-9.5M
Q4 24
$3.9M
Q3 24
$17.8M
$-239.0K
Q2 24
$17.2M
$5.5M
Q1 24
$13.6M
$2.0M
Gross Margin
BFST
BFST
METC
METC
Q4 25
Q3 25
15.8%
Q2 25
12.3%
Q1 25
15.2%
Q4 24
20.4%
Q3 24
19.5%
Q2 24
21.0%
Q1 24
19.1%
Operating Margin
BFST
BFST
METC
METC
Q4 25
33.2%
Q3 25
35.7%
-12.0%
Q2 25
34.4%
-9.1%
Q1 25
32.6%
-8.9%
Q4 24
27.5%
3.7%
Q3 24
34.0%
1.0%
Q2 24
32.9%
3.5%
Q1 24
28.2%
1.9%
Net Margin
BFST
BFST
METC
METC
Q4 25
Q3 25
28.2%
-11.0%
Q2 25
27.1%
-9.1%
Q1 25
25.9%
-7.0%
Q4 24
2.3%
Q3 24
26.7%
-0.1%
Q2 24
26.0%
3.6%
Q1 24
22.3%
1.2%
EPS (diluted)
BFST
BFST
METC
METC
Q4 25
$0.71
Q3 25
$0.73
Q2 25
$0.70
Q1 25
$0.65
Q4 24
$0.51
$0.06
Q3 24
$0.65
$-0.03
Q2 24
$0.62
$0.08
Q1 24
$0.48
$0.00

Balance Sheet & Financial Strength

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

Metric
BFST
BFST
METC
METC
Cash + ST InvestmentsLiquidity on hand
$411.2M
$193.8M
Total DebtLower is stronger
$116.3M
Stockholders' EquityBook value
$896.9M
$526.9M
Total Assets
$8.2B
$849.7M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFST
BFST
METC
METC
Q4 25
$411.2M
Q3 25
$399.1M
$193.8M
Q2 25
$495.8M
$28.1M
Q1 25
$312.9M
$43.5M
Q4 24
$319.1M
$33.0M
Q3 24
$213.2M
$22.9M
Q2 24
$208.1M
$27.6M
Q1 24
$185.9M
$30.5M
Total Debt
BFST
BFST
METC
METC
Q4 25
Q3 25
$116.3M
Q2 25
Q1 25
Q4 24
$88.2M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BFST
BFST
METC
METC
Q4 25
$896.9M
Q3 25
$878.4M
$526.9M
Q2 25
$848.4M
$347.4M
Q1 25
$826.3M
$355.2M
Q4 24
$799.5M
$362.8M
Q3 24
$699.5M
$361.8M
Q2 24
$664.5M
$366.1M
Q1 24
$649.0M
$372.3M
Total Assets
BFST
BFST
METC
METC
Q4 25
$8.2B
Q3 25
$8.0B
$849.7M
Q2 25
$7.9B
$674.6M
Q1 25
$7.8B
$685.7M
Q4 24
$7.9B
$674.7M
Q3 24
$6.9B
$645.4M
Q2 24
$6.7B
$659.2M
Q1 24
$6.7B
$674.0M
Debt / Equity
BFST
BFST
METC
METC
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
BFST
BFST
METC
METC
Operating Cash FlowLast quarter
$92.1M
$-1.4M
Free Cash FlowOCF − Capex
$92.0M
$-17.5M
FCF MarginFCF / Revenue
110.7%
-14.5%
Capex IntensityCapex / Revenue
0.1%
13.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$165.6M
$-24.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFST
BFST
METC
METC
Q4 25
$92.1M
Q3 25
$32.4M
$-1.4M
Q2 25
$14.0M
$-4.3M
Q1 25
$28.7M
$26.0M
Q4 24
$61.4M
$15.7M
Q3 24
$21.4M
$37.4M
Q2 24
$15.1M
$34.4M
Q1 24
$7.6M
$25.2M
Free Cash Flow
BFST
BFST
METC
METC
Q4 25
$92.0M
Q3 25
$32.1M
$-17.5M
Q2 25
$13.8M
$-19.8M
Q1 25
$27.7M
$7.6M
Q4 24
$59.8M
$5.1M
Q3 24
$21.0M
$25.6M
Q2 24
$14.0M
$20.3M
Q1 24
$7.2M
$6.5M
FCF Margin
BFST
BFST
METC
METC
Q4 25
110.7%
Q3 25
39.6%
-14.5%
Q2 25
16.9%
-13.0%
Q1 25
34.9%
5.6%
Q4 24
77.1%
3.0%
Q3 24
31.4%
15.3%
Q2 24
21.2%
13.1%
Q1 24
11.8%
3.7%
Capex Intensity
BFST
BFST
METC
METC
Q4 25
0.1%
Q3 25
0.4%
13.3%
Q2 25
0.3%
10.2%
Q1 25
1.3%
13.7%
Q4 24
2.0%
6.2%
Q3 24
0.6%
7.0%
Q2 24
1.6%
9.1%
Q1 24
0.6%
10.8%
Cash Conversion
BFST
BFST
METC
METC
Q4 25
Q3 25
1.42×
Q2 25
0.63×
Q1 25
1.40×
Q4 24
4.06×
Q3 24
1.20×
Q2 24
0.88×
6.21×
Q1 24
0.56×
12.40×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BFST
BFST

Segment breakdown not available.

METC
METC

Export Coal Revenues$73.0M60%
Domestic Coal Revenues$48.0M40%

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