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Side-by-side financial comparison of Fastly, Inc. (FSLY) and Ramaco Resources, Inc. (METC). Click either name above to swap in a different company.
Fastly, Inc. is the larger business by last-quarter revenue ($173.0M vs $121.0M, roughly 1.4× Ramaco Resources, Inc.). Ramaco Resources, Inc. runs the higher net margin — -11.0% vs -11.9%, a 0.9% gap on every dollar of revenue. On growth, Fastly, Inc. posted the faster year-over-year revenue change (19.8% vs -27.7%). Fastly, Inc. produced more free cash flow last quarter ($4.1M vs $-17.5M). Over the past eight quarters, Fastly, Inc.'s revenue compounded faster (14.3% CAGR vs -22.7%).
Fastly, Inc. is an American company based in San Francisco, which describes itself as a cloud computing company. Fastly provides content delivery network services, image optimization, and load balancing services. Fastly's cloud security services include denial-of-service attack protection, bot mitigation, and a web application firewall.
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.
FSLY vs METC — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $173.0M | $121.0M |
| Net Profit | $-20.5M | $-13.3M |
| Gross Margin | 62.5% | 15.8% |
| Operating Margin | 23.7% | -12.0% |
| Net Margin | -11.9% | -11.0% |
| Revenue YoY | 19.8% | -27.7% |
| Net Profit YoY | 47.6% | -5468.2% |
| EPS (diluted) | $-0.13 | — |
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.
| Q1 26 | $173.0M | — | ||
| Q4 25 | $172.6M | — | ||
| Q3 25 | $158.2M | $121.0M | ||
| Q2 25 | $148.7M | $153.0M | ||
| Q1 25 | $144.5M | $134.7M | ||
| Q4 24 | $140.6M | $170.9M | ||
| Q3 24 | $137.2M | $167.4M | ||
| Q2 24 | $132.4M | $155.3M |
| Q1 26 | $-20.5M | — | ||
| Q4 25 | $-15.5M | — | ||
| Q3 25 | $-29.5M | $-13.3M | ||
| Q2 25 | $-37.5M | $-14.0M | ||
| Q1 25 | $-39.1M | $-9.5M | ||
| Q4 24 | $-32.9M | $3.9M | ||
| Q3 24 | $-38.0M | $-239.0K | ||
| Q2 24 | $-43.7M | $5.5M |
| Q1 26 | 62.5% | — | ||
| Q4 25 | 61.4% | — | ||
| Q3 25 | 58.4% | 15.8% | ||
| Q2 25 | 54.5% | 12.3% | ||
| Q1 25 | 53.2% | 15.2% | ||
| Q4 24 | 53.4% | 20.4% | ||
| Q3 24 | 54.5% | 19.5% | ||
| Q2 24 | 55.1% | 21.0% |
| Q1 26 | 23.7% | — | ||
| Q4 25 | -8.7% | — | ||
| Q3 25 | -18.2% | -12.0% | ||
| Q2 25 | -24.8% | -9.1% | ||
| Q1 25 | -26.4% | -8.9% | ||
| Q4 24 | -24.4% | 3.7% | ||
| Q3 24 | -29.6% | 1.0% | ||
| Q2 24 | -35.3% | 3.5% |
| Q1 26 | -11.9% | — | ||
| Q4 25 | -9.0% | — | ||
| Q3 25 | -18.6% | -11.0% | ||
| Q2 25 | -25.2% | -9.1% | ||
| Q1 25 | -27.1% | -7.0% | ||
| Q4 24 | -23.4% | 2.3% | ||
| Q3 24 | -27.7% | -0.1% | ||
| Q2 24 | -33.0% | 3.6% |
| Q1 26 | $-0.13 | — | ||
| Q4 25 | $-0.10 | — | ||
| Q3 25 | $-0.20 | — | ||
| Q2 25 | $-0.26 | — | ||
| Q1 25 | $-0.27 | — | ||
| Q4 24 | $-0.23 | $0.06 | ||
| Q3 24 | $-0.27 | $-0.03 | ||
| Q2 24 | $-0.32 | $0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $146.7M | $193.8M |
| Total DebtLower is stronger | — | $116.3M |
| Stockholders' EquityBook value | $977.1M | $526.9M |
| Total Assets | $1.5B | $849.7M |
| Debt / EquityLower = less leverage | — | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $146.7M | — | ||
| Q4 25 | $361.8M | — | ||
| Q3 25 | $342.9M | $193.8M | ||
| Q2 25 | $321.2M | $28.1M | ||
| Q1 25 | $307.3M | $43.5M | ||
| Q4 24 | $295.9M | $33.0M | ||
| Q3 24 | $308.2M | $22.9M | ||
| Q2 24 | $311.8M | $27.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $116.3M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $88.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $977.1M | — | ||
| Q4 25 | $929.6M | — | ||
| Q3 25 | $937.0M | $526.9M | ||
| Q2 25 | $942.6M | $347.4M | ||
| Q1 25 | $957.0M | $355.2M | ||
| Q4 24 | $965.3M | $362.8M | ||
| Q3 24 | $969.5M | $361.8M | ||
| Q2 24 | $981.2M | $366.1M |
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $849.7M | ||
| Q2 25 | $1.5B | $674.6M | ||
| Q1 25 | $1.4B | $685.7M | ||
| Q4 24 | $1.5B | $674.7M | ||
| Q3 24 | $1.5B | $645.4M | ||
| Q2 24 | $1.5B | $659.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.22× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.24× | ||
| Q3 24 | — | — | ||
| Q2 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 | $28.9M | $-1.4M |
| Free Cash FlowOCF − Capex | $4.1M | $-17.5M |
| FCF MarginFCF / Revenue | 2.4% | -14.5% |
| Capex IntensityCapex / Revenue | 14.3% | 13.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $55.2M | $-24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $28.9M | — | ||
| Q4 25 | $22.4M | — | ||
| Q3 25 | $28.9M | $-1.4M | ||
| Q2 25 | $25.8M | $-4.3M | ||
| Q1 25 | $17.3M | $26.0M | ||
| Q4 24 | $5.2M | $15.7M | ||
| Q3 24 | $5.0M | $37.4M | ||
| Q2 24 | $-4.9M | $34.4M |
| Q1 26 | $4.1M | — | ||
| Q4 25 | $12.2M | — | ||
| Q3 25 | $22.9M | $-17.5M | ||
| Q2 25 | $15.9M | $-19.8M | ||
| Q1 25 | $14.7M | $7.6M | ||
| Q4 24 | $251.0K | $5.1M | ||
| Q3 24 | $3.0M | $25.6M | ||
| Q2 24 | $-6.7M | $20.3M |
| Q1 26 | 2.4% | — | ||
| Q4 25 | 7.1% | — | ||
| Q3 25 | 14.5% | -14.5% | ||
| Q2 25 | 10.7% | -13.0% | ||
| Q1 25 | 10.2% | 5.6% | ||
| Q4 24 | 0.2% | 3.0% | ||
| Q3 24 | 2.2% | 15.3% | ||
| Q2 24 | -5.1% | 13.1% |
| Q1 26 | 14.3% | — | ||
| Q4 25 | 5.9% | — | ||
| Q3 25 | 3.8% | 13.3% | ||
| Q2 25 | 6.6% | 10.2% | ||
| Q1 25 | 1.8% | 13.7% | ||
| Q4 24 | 3.5% | 6.2% | ||
| Q3 24 | 1.5% | 7.0% | ||
| Q2 24 | 1.3% | 9.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.06× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 6.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FSLY
| Network Services | $126.2M | 73% |
| Security | $38.8M | 22% |
| Other | $8.0M | 5% |
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
