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Side-by-side financial comparison of WARRIOR MET COAL, INC. (HCC) and IDEX Corporation (IEX). Click either name above to swap in a different company.
WARRIOR MET COAL, INC. is the larger business by last-quarter revenue ($458.6M vs $398.4M, roughly 1.2× IDEX Corporation). IDEX Corporation runs the higher net margin — 30.1% vs 15.8%, a 14.3% gap on every dollar of revenue. On growth, WARRIOR MET COAL, INC. posted the faster year-over-year revenue change (52.1% vs 16.7%). Over the past eight quarters, WARRIOR MET COAL, INC.'s revenue compounded faster (7.5% CAGR vs -29.4%).
Warrior Met Coal, Inc. (ticker HCC) is a U.S.-headquartered mining enterprise that produces and distributes high-grade metallurgical coal, a key raw material for steel production. It serves steel manufacturers and industrial clients across core markets including North America, Europe, and Asia.
IDEX can refer to several things, including:International Defence Exhibition, a biennial arms and defense technology sales exhibition IDEX Corporation, a publicly listed company that makes fluidics systems and specialty engineered products Ideanomics, a publicly traded company that trades under the IDEX ticker symbol.
HCC vs IEX — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $458.6M | $398.4M |
| Net Profit | $72.3M | $120.0M |
| Gross Margin | 36.7% | 99.9% |
| Operating Margin | 17.3% | 43.3% |
| Net Margin | 15.8% | 30.1% |
| Revenue YoY | 52.1% | 16.7% |
| Net Profit YoY | — | 25.7% |
| EPS (diluted) | $1.37 | $1.61 |
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.
| Q2 26 | — | $398.4M | ||
| Q1 26 | $458.6M | $407.7M | ||
| Q4 25 | $384.0M | $899.1M | ||
| Q3 25 | $328.6M | $878.7M | ||
| Q2 25 | $297.5M | $865.4M | ||
| Q1 25 | $299.9M | $814.3M | ||
| Q4 24 | $297.5M | $862.9M | ||
| Q3 24 | $327.7M | $798.2M |
| Q2 26 | — | $120.0M | ||
| Q1 26 | $72.3M | $128.3M | ||
| Q4 25 | $23.0M | $128.3M | ||
| Q3 25 | $36.6M | $127.8M | ||
| Q2 25 | $5.6M | $131.6M | ||
| Q1 25 | $-8.2M | $95.5M | ||
| Q4 24 | $1.1M | $123.2M | ||
| Q3 24 | $41.8M | $119.1M |
| Q2 26 | — | 99.9% | ||
| Q1 26 | 36.7% | 94.9% | ||
| Q4 25 | 29.5% | 43.1% | ||
| Q3 25 | 27.1% | 44.5% | ||
| Q2 25 | 23.9% | 45.3% | ||
| Q1 25 | 18.1% | 45.3% | ||
| Q4 24 | 23.1% | 42.5% | ||
| Q3 24 | 29.3% | 44.3% |
| Q2 26 | — | 43.3% | ||
| Q1 26 | 17.3% | 45.0% | ||
| Q4 25 | 9.0% | 20.4% | ||
| Q3 25 | 6.3% | 21.1% | ||
| Q2 25 | 2.6% | 21.7% | ||
| Q1 25 | -5.8% | 17.4% | ||
| Q4 24 | -1.4% | 19.2% | ||
| Q3 24 | 11.9% | 21.0% |
| Q2 26 | — | 30.1% | ||
| Q1 26 | 15.8% | 31.5% | ||
| Q4 25 | 6.0% | 14.3% | ||
| Q3 25 | 11.1% | 14.5% | ||
| Q2 25 | 1.9% | 15.2% | ||
| Q1 25 | -2.7% | 11.7% | ||
| Q4 24 | 0.4% | 14.3% | ||
| Q3 24 | 12.7% | 14.9% |
| Q2 26 | — | $1.61 | ||
| Q1 26 | $1.37 | $1.71 | ||
| Q4 25 | $0.43 | $1.71 | ||
| Q3 25 | $0.70 | $1.70 | ||
| Q2 25 | $0.11 | $1.74 | ||
| Q1 25 | $-0.16 | $1.26 | ||
| Q4 24 | $0.02 | $1.61 | ||
| Q3 24 | $0.80 | $1.57 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $233.2M | $586.2M |
| Total DebtLower is stronger | $154.4M | — |
| Stockholders' EquityBook value | — | $4.0B |
| Total Assets | $2.8B | $6.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $586.2M | ||
| Q1 26 | $233.2M | $580.0M | ||
| Q4 25 | $300.0M | $580.0M | ||
| Q3 25 | $336.3M | $593.8M | ||
| Q2 25 | $383.3M | $568.2M | ||
| Q1 25 | $454.9M | $594.1M | ||
| Q4 24 | $491.5M | $620.8M | ||
| Q3 24 | $583.2M | $633.2M |
| Q2 26 | — | — | ||
| Q1 26 | $154.4M | — | ||
| Q4 25 | $154.3M | $1.8B | ||
| Q3 25 | $154.1M | $1.9B | ||
| Q2 25 | $153.9M | $1.9B | ||
| Q1 25 | $153.8M | $2.0B | ||
| Q4 24 | $153.6M | $2.0B | ||
| Q3 24 | $153.5M | $2.1B |
| Q2 26 | — | $4.0B | ||
| Q1 26 | — | $4.0B | ||
| Q4 25 | $2.1B | $4.0B | ||
| Q3 25 | $2.1B | $4.0B | ||
| Q2 25 | $2.1B | $4.0B | ||
| Q1 25 | $2.1B | $3.9B | ||
| Q4 24 | $2.1B | $3.8B | ||
| Q3 24 | $2.1B | $3.8B |
| Q2 26 | — | $6.9B | ||
| Q1 26 | $2.8B | $6.9B | ||
| Q4 25 | $2.8B | $6.9B | ||
| Q3 25 | $2.7B | $7.0B | ||
| Q2 25 | $2.6B | $6.9B | ||
| Q1 25 | $2.6B | $6.8B | ||
| Q4 24 | $2.6B | $6.7B | ||
| Q3 24 | $2.6B | $7.0B |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.07× | 0.45× | ||
| Q3 25 | 0.07× | 0.48× | ||
| Q2 25 | 0.07× | 0.46× | ||
| Q1 25 | 0.07× | 0.50× | ||
| Q4 24 | 0.07× | 0.52× | ||
| Q3 24 | 0.07× | 0.55× |
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 | — | — |
| Free Cash FlowOCF − Capex | — | $86.0M |
| FCF MarginFCF / Revenue | — | 21.6% |
| Capex IntensityCapex / Revenue | — | 4.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $654.3M |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $76.1M | $209.5M | ||
| Q3 25 | $104.7M | $203.5M | ||
| Q2 25 | $37.5M | $161.7M | ||
| Q1 25 | $10.9M | $105.7M | ||
| Q4 24 | $54.2M | $172.6M | ||
| Q3 24 | $62.2M | $205.3M |
| Q2 26 | — | $86.0M | ||
| Q1 26 | — | $189.8M | ||
| Q4 25 | — | $189.8M | ||
| Q3 25 | — | $188.7M | ||
| Q2 25 | — | $146.9M | ||
| Q1 25 | — | $91.4M | ||
| Q4 24 | — | $157.1M | ||
| Q3 24 | — | $191.6M |
| Q2 26 | — | 21.6% | ||
| Q1 26 | — | 46.6% | ||
| Q4 25 | — | 21.1% | ||
| Q3 25 | — | 21.5% | ||
| Q2 25 | — | 17.0% | ||
| Q1 25 | — | 11.2% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | — | 24.0% |
| Q2 26 | — | 4.4% | ||
| Q1 26 | — | 15.6% | ||
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | — | 1.7% |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 3.31× | 1.63× | ||
| Q3 25 | 2.86× | 1.59× | ||
| Q2 25 | 6.70× | 1.23× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | 47.68× | 1.40× | ||
| Q3 24 | 1.49× | 1.72× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HCC
| Sales | $448.5M | 98% |
| Other revenues | $10.1M | 2% |
IEX
Segment breakdown not available.
