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Side-by-side financial comparison of Confluent, Inc. (CFLT) 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 $314.8M, roughly 1.2× Confluent, Inc.). WARRIOR MET COAL, INC. runs the higher net margin — 6.0% vs -25.2%, a 31.2% gap on every dollar of revenue. On growth, WARRIOR MET COAL, INC. posted the faster year-over-year revenue change (29.1% vs 20.5%). Over the past eight quarters, Confluent, Inc.'s revenue compounded faster (20.4% CAGR vs -12.7%).
Confluent, Inc. is an American technology company headquartered in Mountain View, California. Confluent was founded by Jay Kreps, Jun Rao and Neha Narkhede on September 23, 2014, in order to commercialize an open-source streaming platform Apache Kafka, created by the same founders while working at LinkedIn in 2008 as a B2B infrastructure company. Confluent's products are the Confluent Cloud, Confluent Platform, Connectors, Apache Flink, Stream Governance and Confluent Hub.
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.
CFLT vs HCC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $314.8M | $384.0M |
| Net Profit | $-79.2M | $23.0M |
| Gross Margin | 74.7% | 29.5% |
| Operating Margin | -31.5% | 9.0% |
| Net Margin | -25.2% | 6.0% |
| Revenue YoY | 20.5% | 29.1% |
| Net Profit YoY | 10.0% | 1919.5% |
| EPS (diluted) | $-0.23 | $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.
| Q4 25 | $314.8M | $384.0M | ||
| Q3 25 | $298.5M | $328.6M | ||
| Q2 25 | $282.3M | $297.5M | ||
| Q1 25 | $271.1M | $299.9M | ||
| Q4 24 | $261.2M | $297.5M | ||
| Q3 24 | $250.2M | $327.7M | ||
| Q2 24 | $235.0M | $396.5M | ||
| Q1 24 | $217.2M | $503.5M |
| Q4 25 | $-79.2M | $23.0M | ||
| Q3 25 | $-66.5M | $36.6M | ||
| Q2 25 | $-82.0M | $5.6M | ||
| Q1 25 | $-67.6M | $-8.2M | ||
| Q4 24 | $-88.1M | $1.1M | ||
| Q3 24 | $-74.1M | $41.8M | ||
| Q2 24 | $-89.9M | $70.7M | ||
| Q1 24 | $-93.0M | $137.0M |
| Q4 25 | 74.7% | 29.5% | ||
| Q3 25 | 74.2% | 27.1% | ||
| Q2 25 | 73.7% | 23.9% | ||
| Q1 25 | 74.5% | 18.1% | ||
| Q4 24 | 74.1% | 23.1% | ||
| Q3 24 | 74.5% | 29.3% | ||
| Q2 24 | 72.3% | 34.1% | ||
| Q1 24 | 71.8% | 43.3% |
| Q4 25 | -31.5% | 9.0% | ||
| Q3 25 | -27.9% | 6.3% | ||
| Q2 25 | -34.2% | 2.6% | ||
| Q1 25 | -37.3% | -5.8% | ||
| Q4 24 | -40.5% | -1.4% | ||
| Q3 24 | -37.4% | 11.9% | ||
| Q2 24 | -46.1% | 17.9% | ||
| Q1 24 | -51.3% | 29.6% |
| Q4 25 | -25.2% | 6.0% | ||
| Q3 25 | -22.3% | 11.1% | ||
| Q2 25 | -29.0% | 1.9% | ||
| Q1 25 | -24.9% | -2.7% | ||
| Q4 24 | -33.7% | 0.4% | ||
| Q3 24 | -29.6% | 12.7% | ||
| Q2 24 | -38.3% | 17.8% | ||
| Q1 24 | -42.8% | 27.2% |
| Q4 25 | $-0.23 | $0.43 | ||
| Q3 25 | $-0.19 | $0.70 | ||
| Q2 25 | $-0.24 | $0.11 | ||
| Q1 25 | $-0.20 | $-0.16 | ||
| Q4 24 | $-0.26 | $0.02 | ||
| Q3 24 | $-0.23 | $0.80 | ||
| Q2 24 | $-0.28 | $1.35 | ||
| Q1 24 | $-0.30 | $2.62 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $347.2M | $300.0M |
| Total DebtLower is stronger | $1.1B | $154.3M |
| Stockholders' EquityBook value | $1.2B | $2.1B |
| Total Assets | $3.0B | $2.8B |
| Debt / EquityLower = less leverage | 0.94× | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $347.2M | $300.0M | ||
| Q3 25 | $298.5M | $336.3M | ||
| Q2 25 | $295.6M | $383.3M | ||
| Q1 25 | $278.6M | $454.9M | ||
| Q4 24 | $386.0M | $491.5M | ||
| Q3 24 | $322.6M | $583.2M | ||
| Q2 24 | $311.3M | $709.0M | ||
| Q1 24 | $336.4M | $693.9M |
| Q4 25 | $1.1B | $154.3M | ||
| Q3 25 | $1.1B | $154.1M | ||
| Q2 25 | $1.1B | $153.9M | ||
| Q1 25 | $1.1B | $153.8M | ||
| Q4 24 | $1.1B | $153.6M | ||
| Q3 24 | $1.1B | $153.5M | ||
| Q2 24 | $1.1B | $153.3M | ||
| Q1 24 | $1.1B | $153.2M |
| Q4 25 | $1.2B | $2.1B | ||
| Q3 25 | $1.1B | $2.1B | ||
| Q2 25 | $1.1B | $2.1B | ||
| Q1 25 | $1.0B | $2.1B | ||
| Q4 24 | $961.2M | $2.1B | ||
| Q3 24 | $934.3M | $2.1B | ||
| Q2 24 | $873.9M | $2.0B | ||
| Q1 24 | $845.2M | $2.0B |
| Q4 25 | $3.0B | $2.8B | ||
| Q3 25 | $2.9B | $2.7B | ||
| Q2 25 | $2.8B | $2.6B | ||
| Q1 25 | $2.7B | $2.6B | ||
| Q4 24 | $2.7B | $2.6B | ||
| Q3 24 | $2.6B | $2.6B | ||
| Q2 24 | $2.5B | $2.6B | ||
| Q1 24 | $2.4B | $2.5B |
| Q4 25 | 0.94× | 0.07× | ||
| Q3 25 | 0.98× | 0.07× | ||
| Q2 25 | 1.03× | 0.07× | ||
| Q1 25 | 1.07× | 0.07× | ||
| Q4 24 | 1.14× | 0.07× | ||
| Q3 24 | 1.17× | 0.07× | ||
| Q2 24 | 1.25× | 0.07× | ||
| Q1 24 | 1.29× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $42.1M | $76.1M |
| Free Cash FlowOCF − Capex | $41.7M | — |
| FCF MarginFCF / Revenue | 13.2% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | — | 3.31× |
| TTM Free Cash FlowTrailing 4 quarters | $60.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.1M | $76.1M | ||
| Q3 25 | $30.8M | $104.7M | ||
| Q2 25 | $18.1M | $37.5M | ||
| Q1 25 | $-26.8M | $10.9M | ||
| Q4 24 | $35.2M | $54.2M | ||
| Q3 24 | $15.6M | $62.2M | ||
| Q2 24 | $8.6M | $147.0M | ||
| Q1 24 | $-26.0M | $104.1M |
| Q4 25 | $41.7M | — | ||
| Q3 25 | $30.0M | — | ||
| Q2 25 | $17.2M | — | ||
| Q1 25 | $-28.2M | — | ||
| Q4 24 | $34.5M | — | ||
| Q3 24 | $15.0M | — | ||
| Q2 24 | $7.5M | — | ||
| Q1 24 | $-26.1M | — |
| Q4 25 | 13.2% | — | ||
| Q3 25 | 10.0% | — | ||
| Q2 25 | 6.1% | — | ||
| Q1 25 | -10.4% | — | ||
| Q4 24 | 13.2% | — | ||
| Q3 24 | 6.0% | — | ||
| Q2 24 | 3.2% | — | ||
| Q1 24 | -12.0% | — |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 0.1% | — |
| 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
CFLT
| Confluent Cloud | $169.4M | 54% |
| Post Contract Customer Support | $93.8M | 30% |
| License | $38.4M | 12% |
| Services | $13.2M | 4% |
HCC
| Mining Segment | $373.6M | 97% |
| Other | $10.4M | 3% |
