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Side-by-side financial comparison of Core Scientific, Inc. (CORZ) 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 $79.8M, roughly 1.5× Core Scientific, Inc.). Core Scientific, Inc. runs the higher net margin — 268.5% vs -11.0%, a 279.5% gap on every dollar of revenue. On growth, Core Scientific, Inc. posted the faster year-over-year revenue change (-16.0% vs -27.7%). Ramaco Resources, Inc. produced more free cash flow last quarter ($-17.5M vs $-450.8M). Over the past eight quarters, Ramaco Resources, Inc.'s revenue compounded faster (-22.7% CAGR vs -33.3%).
Core Scientific is a leading digital asset and high-performance computing infrastructure provider. It operates large energy-efficient data centers across North America, offering cryptocurrency mining services, colocation hosting for blockchain and AI clients, and custom high-performance computing solutions for enterprise tech segments.
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.
CORZ vs METC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $79.8M | $121.0M |
| Net Profit | $214.2M | $-13.3M |
| Gross Margin | 26.0% | 15.8% |
| Operating Margin | -149.5% | -12.0% |
| Net Margin | 268.5% | -11.0% |
| Revenue YoY | -16.0% | -27.7% |
| Net Profit YoY | 180.6% | -5468.2% |
| EPS (diluted) | $-1.63 | — |
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 | $79.8M | — | ||
| Q3 25 | $81.1M | $121.0M | ||
| Q2 25 | $78.6M | $153.0M | ||
| Q1 25 | $79.5M | $134.7M | ||
| Q4 24 | $94.9M | $170.9M | ||
| Q3 24 | $95.4M | $167.4M | ||
| Q2 24 | $141.1M | $155.3M | ||
| Q1 24 | $179.3M | $172.7M |
| Q4 25 | $214.2M | — | ||
| Q3 25 | $-144.0M | $-13.3M | ||
| Q2 25 | $-936.8M | $-14.0M | ||
| Q1 25 | $576.3M | $-9.5M | ||
| Q4 24 | $-265.5M | $3.9M | ||
| Q3 24 | $-455.3M | $-239.0K | ||
| Q2 24 | $-902.2M | $5.5M | ||
| Q1 24 | $210.7M | $2.0M |
| Q4 25 | 26.0% | — | ||
| Q3 25 | 4.8% | 15.8% | ||
| Q2 25 | 6.4% | 12.3% | ||
| Q1 25 | 10.3% | 15.2% | ||
| Q4 24 | 5.0% | 20.4% | ||
| Q3 24 | -0.2% | 19.5% | ||
| Q2 24 | 27.5% | 21.0% | ||
| Q1 24 | 43.3% | 19.1% |
| Q4 25 | -149.5% | — | ||
| Q3 25 | -67.6% | -12.0% | ||
| Q2 25 | -33.4% | -9.1% | ||
| Q1 25 | -59.1% | -8.9% | ||
| Q4 24 | -41.9% | 3.7% | ||
| Q3 24 | -43.2% | 1.0% | ||
| Q2 24 | -64.3% | 3.5% | ||
| Q1 24 | 30.8% | 1.9% |
| Q4 25 | 268.5% | — | ||
| Q3 25 | -177.6% | -11.0% | ||
| Q2 25 | -1191.4% | -9.1% | ||
| Q1 25 | 724.6% | -7.0% | ||
| Q4 24 | -279.7% | 2.3% | ||
| Q3 24 | -477.4% | -0.1% | ||
| Q2 24 | -639.4% | 3.6% | ||
| Q1 24 | 117.5% | 1.2% |
| Q4 25 | $-1.63 | — | ||
| Q3 25 | $-0.45 | — | ||
| Q2 25 | $-0.04 | — | ||
| Q1 25 | $1.24 | — | ||
| Q4 24 | $0.51 | $0.06 | ||
| Q3 24 | $-1.17 | $-0.03 | ||
| Q2 24 | $-5.05 | $0.08 | ||
| Q1 24 | $0.78 | $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 | $311.4M | $193.8M |
| Total DebtLower is stronger | — | $116.3M |
| Stockholders' EquityBook value | $-962.7M | $526.9M |
| Total Assets | $2.3B | $849.7M |
| Debt / EquityLower = less leverage | — | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $311.4M | — | ||
| Q3 25 | $453.4M | $193.8M | ||
| Q2 25 | $581.3M | $28.1M | ||
| Q1 25 | $697.9M | $43.5M | ||
| Q4 24 | $836.2M | $33.0M | ||
| Q3 24 | $253.0M | $22.9M | ||
| Q2 24 | $96.1M | $27.6M | ||
| Q1 24 | $98.1M | $30.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $116.3M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $88.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-962.7M | — | ||
| Q3 25 | $-1.3B | $526.9M | ||
| Q2 25 | $-1.2B | $347.4M | ||
| Q1 25 | $-308.8M | $355.2M | ||
| Q4 24 | $-943.0M | $362.8M | ||
| Q3 24 | $-826.7M | $361.8M | ||
| Q2 24 | $-1.2B | $366.1M | ||
| Q1 24 | $-318.5M | $372.3M |
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.2B | $849.7M | ||
| Q2 25 | $1.9B | $674.6M | ||
| Q1 25 | $1.5B | $685.7M | ||
| Q4 24 | $1.5B | $674.7M | ||
| Q3 24 | $824.6M | $645.4M | ||
| Q2 24 | $664.2M | $659.2M | ||
| Q1 24 | $814.0M | $674.0M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $278.3M | $-1.4M |
| Free Cash FlowOCF − Capex | $-450.8M | $-17.5M |
| FCF MarginFCF / Revenue | -565.1% | -14.5% |
| Capex IntensityCapex / Revenue | 914.0% | 13.3% |
| Cash ConversionOCF / Net Profit | 1.30× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-779.8M | $-24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $278.3M | — | ||
| Q3 25 | $131.8M | $-1.4M | ||
| Q2 25 | $34.0M | $-4.3M | ||
| Q1 25 | $-45.0M | $26.0M | ||
| Q4 24 | $42.9M | $15.7M | ||
| Q3 24 | $5.7M | $37.4M | ||
| Q2 24 | $1.2M | $34.4M | ||
| Q1 24 | $22.2M | $25.2M |
| Q4 25 | $-450.8M | — | ||
| Q3 25 | $-112.7M | $-17.5M | ||
| Q2 25 | $-87.3M | $-19.8M | ||
| Q1 25 | $-129.0M | $7.6M | ||
| Q4 24 | $-52.1M | $5.1M | ||
| Q3 24 | $-25.5M | $25.6M | ||
| Q2 24 | $-1.9M | $20.3M | ||
| Q1 24 | $-9.7M | $6.5M |
| Q4 25 | -565.1% | — | ||
| Q3 25 | -139.0% | -14.5% | ||
| Q2 25 | -111.0% | -13.0% | ||
| Q1 25 | -162.2% | 5.6% | ||
| Q4 24 | -54.8% | 3.0% | ||
| Q3 24 | -26.7% | 15.3% | ||
| Q2 24 | -1.4% | 13.1% | ||
| Q1 24 | -5.4% | 3.7% |
| Q4 25 | 914.0% | — | ||
| Q3 25 | 301.5% | 13.3% | ||
| Q2 25 | 154.2% | 10.2% | ||
| Q1 25 | 105.6% | 13.7% | ||
| Q4 24 | 100.0% | 6.2% | ||
| Q3 24 | 32.7% | 7.0% | ||
| Q2 24 | 2.2% | 9.1% | ||
| Q1 24 | 17.8% | 10.8% |
| Q4 25 | 1.30× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.08× | — | ||
| Q4 24 | — | 4.06× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 6.21× | ||
| Q1 24 | 0.11× | 12.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CORZ
| Other | $36.3M | 46% |
| Digital Asset Self Mining Service | $31.8M | 40% |
| Colocation Service | $11.6M | 15% |
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
