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Side-by-side financial comparison of GRID DYNAMICS HOLDINGS, INC. (GDYN) 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 $106.2M, roughly 1.1× GRID DYNAMICS HOLDINGS, INC.). GRID DYNAMICS HOLDINGS, INC. runs the higher net margin — 0.3% vs -11.0%, a 11.3% gap on every dollar of revenue. On growth, GRID DYNAMICS HOLDINGS, INC. posted the faster year-over-year revenue change (5.9% vs -27.7%). GRID DYNAMICS HOLDINGS, INC. produced more free cash flow last quarter ($6.1M vs $-17.5M). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (15.3% CAGR vs -22.7%).

Escape Dynamics, Inc. was a Colorado-based technology company that operated 2010–2015 focused on bringing to market single-stage-to-orbit reusable electromagnetically powered spaceplanes.

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.

GDYN vs METC — Head-to-Head

Bigger by revenue
METC
METC
1.1× larger
METC
$121.0M
$106.2M
GDYN
Growing faster (revenue YoY)
GDYN
GDYN
+33.6% gap
GDYN
5.9%
-27.7%
METC
Higher net margin
GDYN
GDYN
11.3% more per $
GDYN
0.3%
-11.0%
METC
More free cash flow
GDYN
GDYN
$23.6M more FCF
GDYN
$6.1M
$-17.5M
METC
Faster 2-yr revenue CAGR
GDYN
GDYN
Annualised
GDYN
15.3%
-22.7%
METC

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
GDYN
GDYN
METC
METC
Revenue
$106.2M
$121.0M
Net Profit
$306.0K
$-13.3M
Gross Margin
34.0%
15.8%
Operating Margin
0.5%
-12.0%
Net Margin
0.3%
-11.0%
Revenue YoY
5.9%
-27.7%
Net Profit YoY
-93.2%
-5468.2%
EPS (diluted)
$0.01

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
GDYN
GDYN
METC
METC
Q4 25
$106.2M
Q3 25
$104.2M
$121.0M
Q2 25
$101.1M
$153.0M
Q1 25
$100.4M
$134.7M
Q4 24
$100.3M
$170.9M
Q3 24
$87.4M
$167.4M
Q2 24
$83.0M
$155.3M
Q1 24
$79.8M
$172.7M
Net Profit
GDYN
GDYN
METC
METC
Q4 25
$306.0K
Q3 25
$1.2M
$-13.3M
Q2 25
$5.3M
$-14.0M
Q1 25
$2.9M
$-9.5M
Q4 24
$4.5M
$3.9M
Q3 24
$4.3M
$-239.0K
Q2 24
$-817.0K
$5.5M
Q1 24
$-3.9M
$2.0M
Gross Margin
GDYN
GDYN
METC
METC
Q4 25
34.0%
Q3 25
33.3%
15.8%
Q2 25
34.1%
12.3%
Q1 25
36.8%
15.2%
Q4 24
36.9%
20.4%
Q3 24
37.4%
19.5%
Q2 24
35.6%
21.0%
Q1 24
34.7%
19.1%
Operating Margin
GDYN
GDYN
METC
METC
Q4 25
0.5%
Q3 25
-0.2%
-12.0%
Q2 25
-0.1%
-9.1%
Q1 25
-2.0%
-8.9%
Q4 24
1.3%
3.7%
Q3 24
2.4%
1.0%
Q2 24
0.0%
3.5%
Q1 24
-6.9%
1.9%
Net Margin
GDYN
GDYN
METC
METC
Q4 25
0.3%
Q3 25
1.1%
-11.0%
Q2 25
5.2%
-9.1%
Q1 25
2.9%
-7.0%
Q4 24
4.5%
2.3%
Q3 24
4.9%
-0.1%
Q2 24
-1.0%
3.6%
Q1 24
-4.9%
1.2%
EPS (diluted)
GDYN
GDYN
METC
METC
Q4 25
$0.01
Q3 25
$0.01
Q2 25
$0.06
Q1 25
$0.03
Q4 24
$0.06
$0.06
Q3 24
$0.05
$-0.03
Q2 24
$-0.01
$0.08
Q1 24
$-0.05
$0.00

Balance Sheet & Financial Strength

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

Metric
GDYN
GDYN
METC
METC
Cash + ST InvestmentsLiquidity on hand
$342.1M
$193.8M
Total DebtLower is stronger
$116.3M
Stockholders' EquityBook value
$542.1M
$526.9M
Total Assets
$612.9M
$849.7M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDYN
GDYN
METC
METC
Q4 25
$342.1M
Q3 25
$338.6M
$193.8M
Q2 25
$336.8M
$28.1M
Q1 25
$325.5M
$43.5M
Q4 24
$334.7M
$33.0M
Q3 24
$231.3M
$22.9M
Q2 24
$256.0M
$27.6M
Q1 24
$249.4M
$30.5M
Total Debt
GDYN
GDYN
METC
METC
Q4 25
Q3 25
$116.3M
Q2 25
Q1 25
Q4 24
$88.2M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
GDYN
GDYN
METC
METC
Q4 25
$542.1M
Q3 25
$537.7M
$526.9M
Q2 25
$532.2M
$347.4M
Q1 25
$517.4M
$355.2M
Q4 24
$517.8M
$362.8M
Q3 24
$400.2M
$361.8M
Q2 24
$388.4M
$366.1M
Q1 24
$382.8M
$372.3M
Total Assets
GDYN
GDYN
METC
METC
Q4 25
$612.9M
Q3 25
$613.2M
$849.7M
Q2 25
$608.9M
$674.6M
Q1 25
$590.9M
$685.7M
Q4 24
$592.2M
$674.7M
Q3 24
$477.3M
$645.4M
Q2 24
$443.6M
$659.2M
Q1 24
$435.3M
$674.0M
Debt / Equity
GDYN
GDYN
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
GDYN
GDYN
METC
METC
Operating Cash FlowLast quarter
$9.9M
$-1.4M
Free Cash FlowOCF − Capex
$6.1M
$-17.5M
FCF MarginFCF / Revenue
5.7%
-14.5%
Capex IntensityCapex / Revenue
3.6%
13.3%
Cash ConversionOCF / Net Profit
32.34×
TTM Free Cash FlowTrailing 4 quarters
$25.3M
$-24.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDYN
GDYN
METC
METC
Q4 25
$9.9M
Q3 25
$7.0M
$-1.4M
Q2 25
$14.4M
$-4.3M
Q1 25
$9.4M
$26.0M
Q4 24
$7.1M
$15.7M
Q3 24
$9.2M
$37.4M
Q2 24
$10.7M
$34.4M
Q1 24
$3.2M
$25.2M
Free Cash Flow
GDYN
GDYN
METC
METC
Q4 25
$6.1M
Q3 25
$2.9M
$-17.5M
Q2 25
$10.2M
$-19.8M
Q1 25
$6.0M
$7.6M
Q4 24
$4.4M
$5.1M
Q3 24
$5.9M
$25.6M
Q2 24
$8.0M
$20.3M
Q1 24
$43.0K
$6.5M
FCF Margin
GDYN
GDYN
METC
METC
Q4 25
5.7%
Q3 25
2.8%
-14.5%
Q2 25
10.1%
-13.0%
Q1 25
6.0%
5.6%
Q4 24
4.4%
3.0%
Q3 24
6.8%
15.3%
Q2 24
9.7%
13.1%
Q1 24
0.1%
3.7%
Capex Intensity
GDYN
GDYN
METC
METC
Q4 25
3.6%
Q3 25
3.9%
13.3%
Q2 25
4.1%
10.2%
Q1 25
3.3%
13.7%
Q4 24
2.6%
6.2%
Q3 24
3.7%
7.0%
Q2 24
3.2%
9.1%
Q1 24
4.0%
10.8%
Cash Conversion
GDYN
GDYN
METC
METC
Q4 25
32.34×
Q3 25
5.92×
Q2 25
2.73×
Q1 25
3.21×
Q4 24
1.56×
4.06×
Q3 24
2.15×
Q2 24
6.21×
Q1 24
12.40×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GDYN
GDYN

Other$30.6M29%
Technology Media And Telecom$30.1M28%
Financial Service$24.3M23%
Manufactured Product Other$10.8M10%
Related Party$7.6M7%
Health Care$2.8M3%

METC
METC

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

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