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Side-by-side financial comparison of GRAN TIERRA ENERGY INC. (GTE) and Ramaco Resources, Inc. (METC). Click either name above to swap in a different company.

GRAN TIERRA ENERGY INC. is the larger business by last-quarter revenue ($124.4M vs $121.0M, roughly 1.0× Ramaco Resources, Inc.). Ramaco Resources, Inc. runs the higher net margin — -11.0% vs -113.4%, a 102.4% gap on every dollar of revenue. On growth, GRAN TIERRA ENERGY INC. posted the faster year-over-year revenue change (-15.5% vs -27.7%). Over the past eight quarters, GRAN TIERRA ENERGY INC.'s revenue compounded faster (-11.1% CAGR vs -22.7%).

Gran Tierra Energy is an energy company founded by Jeffrey Scott, Dana Coffield, Max Wei, Jim Hart and Rafael Orunesu in May 2005. The company, based in Calgary, Alberta, Canada, focuses on oil and gas exploration, development and production, particularly in South America. The company announced its intentions to merge with Solana Resources on 29 July 2008.

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.

GTE vs METC — Head-to-Head

Bigger by revenue
GTE
GTE
1.0× larger
GTE
$124.4M
$121.0M
METC
Growing faster (revenue YoY)
GTE
GTE
+12.2% gap
GTE
-15.5%
-27.7%
METC
Higher net margin
METC
METC
102.4% more per $
METC
-11.0%
-113.4%
GTE
Faster 2-yr revenue CAGR
GTE
GTE
Annualised
GTE
-11.1%
-22.7%
METC

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
GTE
GTE
METC
METC
Revenue
$124.4M
$121.0M
Net Profit
$-141.1M
$-13.3M
Gross Margin
15.8%
Operating Margin
-142.9%
-12.0%
Net Margin
-113.4%
-11.0%
Revenue YoY
-15.5%
-27.7%
Net Profit YoY
-312.6%
-5468.2%
EPS (diluted)
$-3.98

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
GTE
GTE
METC
METC
Q4 25
$124.4M
Q3 25
$149.3M
$121.0M
Q2 25
$152.5M
$153.0M
Q1 25
$170.5M
$134.7M
Q4 24
$147.3M
$170.9M
Q3 24
$151.4M
$167.4M
Q2 24
$165.6M
$155.3M
Q1 24
$157.6M
$172.7M
Net Profit
GTE
GTE
METC
METC
Q4 25
$-141.1M
Q3 25
$-19.9M
$-13.3M
Q2 25
$-12.7M
$-14.0M
Q1 25
$-19.3M
$-9.5M
Q4 24
$-34.2M
$3.9M
Q3 24
$1.1M
$-239.0K
Q2 24
$36.4M
$5.5M
Q1 24
$-78.0K
$2.0M
Gross Margin
GTE
GTE
METC
METC
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%
Operating Margin
GTE
GTE
METC
METC
Q4 25
-142.9%
Q3 25
-20.9%
-12.0%
Q2 25
-5.3%
-9.1%
Q1 25
-9.2%
-8.9%
Q4 24
-14.9%
3.7%
Q3 24
14.5%
1.0%
Q2 24
16.5%
3.5%
Q1 24
11.0%
1.9%
Net Margin
GTE
GTE
METC
METC
Q4 25
-113.4%
Q3 25
-13.4%
-11.0%
Q2 25
-8.4%
-9.1%
Q1 25
-11.3%
-7.0%
Q4 24
-23.2%
2.3%
Q3 24
0.7%
-0.1%
Q2 24
22.0%
3.6%
Q1 24
-0.0%
1.2%
EPS (diluted)
GTE
GTE
METC
METC
Q4 25
$-3.98
Q3 25
$-0.57
Q2 25
$-0.36
Q1 25
$-0.54
Q4 24
$-1.10
$0.06
Q3 24
$0.04
$-0.03
Q2 24
$1.16
$0.08
Q1 24
$0.00
$0.00

Balance Sheet & Financial Strength

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

Metric
GTE
GTE
METC
METC
Cash + ST InvestmentsLiquidity on hand
$82.9M
$193.8M
Total DebtLower is stronger
$686.5M
$116.3M
Stockholders' EquityBook value
$228.7M
$526.9M
Total Assets
$1.6B
$849.7M
Debt / EquityLower = less leverage
3.00×
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GTE
GTE
METC
METC
Q4 25
$82.9M
Q3 25
$49.1M
$193.8M
Q2 25
$61.0M
$28.1M
Q1 25
$76.6M
$43.5M
Q4 24
$103.4M
$33.0M
Q3 24
$277.6M
$22.9M
Q2 24
$115.3M
$27.6M
Q1 24
$126.6M
$30.5M
Total Debt
GTE
GTE
METC
METC
Q4 25
$686.5M
Q3 25
$761.8M
$116.3M
Q2 25
$772.6M
Q1 25
$726.3M
Q4 24
$722.1M
$88.2M
Q3 24
$718.4M
Q2 24
$582.1M
Q1 24
$583.1M
Stockholders' Equity
GTE
GTE
METC
METC
Q4 25
$228.7M
Q3 25
$366.0M
$526.9M
Q2 25
$389.8M
$347.4M
Q1 25
$393.8M
$355.2M
Q4 24
$413.6M
$362.8M
Q3 24
$420.9M
$361.8M
Q2 24
$420.9M
$366.1M
Q1 24
$392.0M
$372.3M
Total Assets
GTE
GTE
METC
METC
Q4 25
$1.6B
Q3 25
$1.7B
$849.7M
Q2 25
$1.7B
$674.6M
Q1 25
$1.7B
$685.7M
Q4 24
$1.7B
$674.7M
Q3 24
$1.5B
$645.4M
Q2 24
$1.4B
$659.2M
Q1 24
$1.4B
$674.0M
Debt / Equity
GTE
GTE
METC
METC
Q4 25
3.00×
Q3 25
2.08×
0.22×
Q2 25
1.98×
Q1 25
1.84×
Q4 24
1.75×
0.24×
Q3 24
1.71×
Q2 24
1.38×
Q1 24
1.49×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GTE
GTE
METC
METC
Operating Cash FlowLast quarter
$157.2M
$-1.4M
Free Cash FlowOCF − Capex
$-17.5M
FCF MarginFCF / Revenue
-14.5%
Capex IntensityCapex / Revenue
13.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-24.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GTE
GTE
METC
METC
Q4 25
$157.2M
Q3 25
$48.1M
$-1.4M
Q2 25
$34.7M
$-4.3M
Q1 25
$73.2M
$26.0M
Q4 24
$26.6M
$15.7M
Q3 24
$78.7M
$37.4M
Q2 24
$73.2M
$34.4M
Q1 24
$60.8M
$25.2M
Free Cash Flow
GTE
GTE
METC
METC
Q4 25
Q3 25
$-17.5M
Q2 25
$-19.8M
Q1 25
$7.6M
Q4 24
$5.1M
Q3 24
$25.6M
Q2 24
$20.3M
Q1 24
$6.5M
FCF Margin
GTE
GTE
METC
METC
Q4 25
Q3 25
-14.5%
Q2 25
-13.0%
Q1 25
5.6%
Q4 24
3.0%
Q3 24
15.3%
Q2 24
13.1%
Q1 24
3.7%
Capex Intensity
GTE
GTE
METC
METC
Q4 25
Q3 25
13.3%
Q2 25
10.2%
Q1 25
13.7%
Q4 24
6.2%
Q3 24
7.0%
Q2 24
9.1%
Q1 24
10.8%
Cash Conversion
GTE
GTE
METC
METC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
4.06×
Q3 24
69.42×
Q2 24
2.01×
6.21×
Q1 24
12.40×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GTE
GTE

Colombia Segment$89.1M72%
Other$22.9M18%
Ecuador Segment$12.5M10%

METC
METC

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

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