vs
Side-by-side financial comparison of Core Natural Resources, Inc. (CNR) and Ramaco Resources, Inc. (METC). Click either name above to swap in a different company.
Core Natural Resources, Inc. is the larger business by last-quarter revenue ($1.0B vs $121.0M, roughly 8.6× Ramaco Resources, Inc.). Core Natural Resources, Inc. runs the higher net margin — -7.6% vs -11.0%, a 3.4% gap on every dollar of revenue. On growth, Core Natural Resources, Inc. posted the faster year-over-year revenue change (81.8% vs -27.7%). Core Natural Resources, Inc. produced more free cash flow last quarter ($26.0M vs $-17.5M). Over the past eight quarters, Core Natural Resources, Inc.'s revenue compounded faster (38.1% CAGR vs -22.7%).
Arch Resources, previously known as Arch Coal, was an American coal mining and processing company. The company mined, processed, and marketed bituminous and sub-bituminous coal with low sulfur content in the United States. Arch Resources was the second-largest supplier of coal in the United States, behind Peabody Energy. As of 2011 the company supplied 15% of the domestic market. Demand came mainly from generators of electricity.
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.
CNR vs METC — Head-to-Head
Income Statement — Q4 2025 vs Q3 2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $121.0M |
| Net Profit | $-79.0M | $-13.3M |
| Gross Margin | — | 15.8% |
| Operating Margin | -9.3% | -12.0% |
| Net Margin | -7.6% | -11.0% |
| Revenue YoY | 81.8% | -27.7% |
| Net Profit YoY | -356.3% | -5468.2% |
| EPS (diluted) | $-1.51 | — |
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 | $1.0B | — | ||
| Q3 25 | $1.0B | $121.0M | ||
| Q2 25 | $1.1B | $153.0M | ||
| Q1 25 | $1.0B | $134.7M | ||
| Q4 24 | $573.6M | $170.9M | ||
| Q3 24 | $553.4M | $167.4M | ||
| Q2 24 | $490.7M | $155.3M | ||
| Q1 24 | $546.7M | $172.7M |
| Q4 25 | $-79.0M | — | ||
| Q3 25 | $31.6M | $-13.3M | ||
| Q2 25 | $-36.6M | $-14.0M | ||
| Q1 25 | $-69.3M | $-9.5M | ||
| Q4 24 | $30.8M | $3.9M | ||
| Q3 24 | $95.6M | $-239.0K | ||
| Q2 24 | $58.1M | $5.5M | ||
| Q1 24 | $101.9M | $2.0M |
| 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% |
| Q4 25 | -9.3% | — | ||
| Q3 25 | -1.2% | -12.0% | ||
| Q2 25 | -1.7% | -9.1% | ||
| Q1 25 | -5.3% | -8.9% | ||
| Q4 24 | 6.6% | 3.7% | ||
| Q3 24 | 21.2% | 1.0% | ||
| Q2 24 | 14.6% | 3.5% | ||
| Q1 24 | 22.7% | 1.9% |
| Q4 25 | -7.6% | — | ||
| Q3 25 | 3.2% | -11.0% | ||
| Q2 25 | -3.3% | -9.1% | ||
| Q1 25 | -6.8% | -7.0% | ||
| Q4 24 | 5.4% | 2.3% | ||
| Q3 24 | 17.3% | -0.1% | ||
| Q2 24 | 11.8% | 3.6% | ||
| Q1 24 | 18.6% | 1.2% |
| Q4 25 | $-1.51 | — | ||
| Q3 25 | $0.61 | — | ||
| Q2 25 | $-0.70 | — | ||
| Q1 25 | $-1.38 | — | ||
| Q4 24 | $1.04 | $0.06 | ||
| Q3 24 | $3.22 | $-0.03 | ||
| Q2 24 | $1.96 | $0.08 | ||
| Q1 24 | $3.39 | $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 | $432.2M | $193.8M |
| Total DebtLower is stronger | $354.2M | $116.3M |
| Stockholders' EquityBook value | $3.7B | $526.9M |
| Total Assets | $6.1B | $849.7M |
| Debt / EquityLower = less leverage | 0.10× | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $432.2M | — | ||
| Q3 25 | $444.7M | $193.8M | ||
| Q2 25 | $413.2M | $28.1M | ||
| Q1 25 | $388.5M | $43.5M | ||
| Q4 24 | $460.2M | $33.0M | ||
| Q3 24 | $331.7M | $22.9M | ||
| Q2 24 | $216.1M | $27.6M | ||
| Q1 24 | $172.6M | $30.5M |
| Q4 25 | $354.2M | — | ||
| Q3 25 | $334.5M | $116.3M | ||
| Q2 25 | $334.0M | — | ||
| Q1 25 | $329.8M | — | ||
| Q4 24 | $94.8M | $88.2M | ||
| Q3 24 | $83.7M | — | ||
| Q2 24 | $184.9M | — | ||
| Q1 24 | $185.5M | — |
| Q4 25 | $3.7B | — | ||
| Q3 25 | $3.8B | $526.9M | ||
| Q2 25 | $3.8B | $347.4M | ||
| Q1 25 | $3.9B | $355.2M | ||
| Q4 24 | $1.6B | $362.8M | ||
| Q3 24 | $1.5B | $361.8M | ||
| Q2 24 | $1.4B | $366.1M | ||
| Q1 24 | $1.4B | $372.3M |
| Q4 25 | $6.1B | — | ||
| Q3 25 | $6.2B | $849.7M | ||
| Q2 25 | $6.2B | $674.6M | ||
| Q1 25 | $6.3B | $685.7M | ||
| Q4 24 | $2.9B | $674.7M | ||
| Q3 24 | $2.8B | $645.4M | ||
| Q2 24 | $2.7B | $659.2M | ||
| Q1 24 | $2.7B | $674.0M |
| Q4 25 | 0.10× | — | ||
| Q3 25 | 0.09× | 0.22× | ||
| Q2 25 | 0.09× | — | ||
| Q1 25 | 0.08× | — | ||
| Q4 24 | 0.06× | 0.24× | ||
| Q3 24 | 0.05× | — | ||
| Q2 24 | 0.13× | — | ||
| Q1 24 | 0.13× | — |
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 | $107.3M | $-1.4M |
| Free Cash FlowOCF − Capex | $26.0M | $-17.5M |
| FCF MarginFCF / Revenue | 2.5% | -14.5% |
| Capex IntensityCapex / Revenue | 7.8% | 13.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $21.2M | $-24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $107.3M | — | ||
| Q3 25 | $87.9M | $-1.4M | ||
| Q2 25 | $220.2M | $-4.3M | ||
| Q1 25 | $-109.6M | $26.0M | ||
| Q4 24 | $121.3M | $15.7M | ||
| Q3 24 | $161.3M | $37.4M | ||
| Q2 24 | $116.3M | $34.4M | ||
| Q1 24 | $77.5M | $25.2M |
| Q4 25 | $26.0M | — | ||
| Q3 25 | $38.6M | $-17.5M | ||
| Q2 25 | $131.0M | $-19.8M | ||
| Q1 25 | $-174.5M | $7.6M | ||
| Q4 24 | $80.5M | $5.1M | ||
| Q3 24 | $121.9M | $25.6M | ||
| Q2 24 | $60.9M | $20.3M | ||
| Q1 24 | $35.1M | $6.5M |
| Q4 25 | 2.5% | — | ||
| Q3 25 | 3.9% | -14.5% | ||
| Q2 25 | 11.9% | -13.0% | ||
| Q1 25 | -17.1% | 5.6% | ||
| Q4 24 | 14.0% | 3.0% | ||
| Q3 24 | 22.0% | 15.3% | ||
| Q2 24 | 12.4% | 13.1% | ||
| Q1 24 | 6.4% | 3.7% |
| Q4 25 | 7.8% | — | ||
| Q3 25 | 4.9% | 13.3% | ||
| Q2 25 | 8.1% | 10.2% | ||
| Q1 25 | 6.4% | 13.7% | ||
| Q4 24 | 7.1% | 6.2% | ||
| Q3 24 | 7.1% | 7.0% | ||
| Q2 24 | 11.3% | 9.1% | ||
| Q1 24 | 7.7% | 10.8% |
| Q4 25 | — | — | ||
| Q3 25 | 2.78× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.94× | 4.06× | ||
| Q3 24 | 1.69× | — | ||
| Q2 24 | 2.00× | 6.21× | ||
| Q1 24 | 0.76× | 12.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CNR
| Other | $397.4M | 38% |
| Power Generation | $376.5M | 36% |
| PRB | $183.0M | 18% |
| Metallurgical | $42.0M | 4% |
| Industrial | $34.1M | 3% |
| Terminal Revenue | $6.4M | 1% |
| Other Revenue | $3.0M | 0% |
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
