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Side-by-side financial comparison of WARRIOR MET COAL, INC. (HCC) and VAIL RESORTS INC (MTN). 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 $271.0M, roughly 1.7× VAIL RESORTS INC). WARRIOR MET COAL, INC. runs the higher net margin — 15.8% vs -68.9%, a 84.7% gap on every dollar of revenue. On growth, WARRIOR MET COAL, INC. posted the faster year-over-year revenue change (52.1% vs 4.1%). Over the past eight quarters, WARRIOR MET COAL, INC.'s revenue compounded faster (7.5% CAGR vs -49.9%).

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.

Vail Resorts, Inc. is an American mountain resort company headquartered in Broomfield, Colorado. The company is divided among divisions that own and operate 42 mountain resorts in four countries, along with hotels, lodging, condominiums, and golf courses that comprise property real estate holdings.

HCC vs MTN — Head-to-Head

Bigger by revenue
HCC
HCC
1.7× larger
HCC
$458.6M
$271.0M
MTN
Growing faster (revenue YoY)
HCC
HCC
+47.9% gap
HCC
52.1%
4.1%
MTN
Higher net margin
HCC
HCC
84.7% more per $
HCC
15.8%
-68.9%
MTN
Faster 2-yr revenue CAGR
HCC
HCC
Annualised
HCC
7.5%
-49.9%
MTN

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
HCC
HCC
MTN
MTN
Revenue
$458.6M
$271.0M
Net Profit
$72.3M
$-186.8M
Gross Margin
36.7%
Operating Margin
17.3%
-77.4%
Net Margin
15.8%
-68.9%
Revenue YoY
52.1%
4.1%
Net Profit YoY
-8.1%
EPS (diluted)
$1.37
$-5.20

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
HCC
HCC
MTN
MTN
Q1 26
$458.6M
Q4 25
$384.0M
$271.0M
Q3 25
$328.6M
$271.3M
Q2 25
$297.5M
$1.3B
Q1 25
$299.9M
$1.1B
Q4 24
$297.5M
$260.3M
Q3 24
$327.7M
$265.4M
Q2 24
$396.5M
$1.3B
Net Profit
HCC
HCC
MTN
MTN
Q1 26
$72.3M
Q4 25
$23.0M
$-186.8M
Q3 25
$36.6M
$-185.5M
Q2 25
$5.6M
$392.8M
Q1 25
$-8.2M
$245.5M
Q4 24
$1.1M
$-172.8M
Q3 24
$41.8M
$-175.4M
Q2 24
$70.7M
$362.0M
Gross Margin
HCC
HCC
MTN
MTN
Q1 26
36.7%
Q4 25
29.5%
Q3 25
27.1%
Q2 25
23.9%
Q1 25
18.1%
Q4 24
23.1%
Q3 24
29.3%
Q2 24
34.1%
Operating Margin
HCC
HCC
MTN
MTN
Q1 26
17.3%
Q4 25
9.0%
-77.4%
Q3 25
6.3%
-75.1%
Q2 25
2.6%
44.9%
Q1 25
-5.8%
33.8%
Q4 24
-1.4%
-77.6%
Q3 24
11.9%
-74.9%
Q2 24
17.9%
42.6%
Net Margin
HCC
HCC
MTN
MTN
Q1 26
15.8%
Q4 25
6.0%
-68.9%
Q3 25
11.1%
-68.4%
Q2 25
1.9%
30.3%
Q1 25
-2.7%
21.6%
Q4 24
0.4%
-66.4%
Q3 24
12.7%
-66.1%
Q2 24
17.8%
28.2%
EPS (diluted)
HCC
HCC
MTN
MTN
Q1 26
$1.37
Q4 25
$0.43
$-5.20
Q3 25
$0.70
$-4.96
Q2 25
$0.11
$10.54
Q1 25
$-0.16
$6.56
Q4 24
$0.02
$-4.61
Q3 24
$0.80
$-4.63
Q2 24
$1.35
$9.54

Balance Sheet & Financial Strength

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

Metric
HCC
HCC
MTN
MTN
Cash + ST InvestmentsLiquidity on hand
$233.2M
$581.5M
Total DebtLower is stronger
$154.4M
$2.6B
Stockholders' EquityBook value
$156.5M
Total Assets
$2.8B
$5.8B
Debt / EquityLower = less leverage
16.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HCC
HCC
MTN
MTN
Q1 26
$233.2M
Q4 25
$300.0M
$581.5M
Q3 25
$336.3M
$440.3M
Q2 25
$383.3M
$467.0M
Q1 25
$454.9M
$488.2M
Q4 24
$491.5M
$403.8M
Q3 24
$583.2M
$322.8M
Q2 24
$709.0M
$705.4M
Total Debt
HCC
HCC
MTN
MTN
Q1 26
$154.4M
Q4 25
$154.3M
$2.6B
Q3 25
$154.1M
$2.6B
Q2 25
$153.9M
$2.1B
Q1 25
$153.8M
$2.1B
Q4 24
$153.6M
$2.7B
Q3 24
$153.5M
$2.7B
Q2 24
$153.3M
$2.7B
Stockholders' Equity
HCC
HCC
MTN
MTN
Q1 26
Q4 25
$2.1B
$156.5M
Q3 25
$2.1B
$424.5M
Q2 25
$2.1B
$895.4M
Q1 25
$2.1B
$530.7M
Q4 24
$2.1B
$444.1M
Q3 24
$2.1B
$723.5M
Q2 24
$2.0B
$1.0B
Total Assets
HCC
HCC
MTN
MTN
Q1 26
$2.8B
Q4 25
$2.8B
$5.8B
Q3 25
$2.7B
$5.8B
Q2 25
$2.6B
$5.8B
Q1 25
$2.6B
$5.5B
Q4 24
$2.6B
$5.6B
Q3 24
$2.6B
$5.7B
Q2 24
$2.6B
$5.8B
Debt / Equity
HCC
HCC
MTN
MTN
Q1 26
Q4 25
0.07×
16.51×
Q3 25
0.07×
6.11×
Q2 25
0.07×
2.35×
Q1 25
0.07×
3.99×
Q4 24
0.07×
6.10×
Q3 24
0.07×
3.76×
Q2 24
0.07×
2.69×

Cash Flow & Capital Efficiency

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

Metric
HCC
HCC
MTN
MTN
Operating Cash FlowLast quarter
$315.9M
Free Cash FlowOCF − Capex
$244.3M
FCF MarginFCF / Revenue
90.1%
Capex IntensityCapex / Revenue
26.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$352.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HCC
HCC
MTN
MTN
Q1 26
Q4 25
$76.1M
$315.9M
Q3 25
$104.7M
$-171.6M
Q2 25
$37.5M
$117.7M
Q1 25
$10.9M
$326.3M
Q4 24
$54.2M
$282.4M
Q3 24
$62.2M
$-94.2M
Q2 24
$147.0M
$109.9M
Free Cash Flow
HCC
HCC
MTN
MTN
Q1 26
Q4 25
$244.3M
Q3 25
$-227.5M
Q2 25
$84.5M
Q1 25
$251.2M
Q4 24
$211.4M
Q3 24
$-150.3M
Q2 24
$85.0M
FCF Margin
HCC
HCC
MTN
MTN
Q1 26
Q4 25
90.1%
Q3 25
-83.9%
Q2 25
6.5%
Q1 25
22.1%
Q4 24
81.2%
Q3 24
-56.6%
Q2 24
6.6%
Capex Intensity
HCC
HCC
MTN
MTN
Q1 26
Q4 25
26.4%
Q3 25
20.6%
Q2 25
2.6%
Q1 25
6.6%
Q4 24
27.3%
Q3 24
21.1%
Q2 24
1.9%
Cash Conversion
HCC
HCC
MTN
MTN
Q1 26
Q4 25
3.31×
Q3 25
2.86×
Q2 25
6.70×
0.30×
Q1 25
1.33×
Q4 24
47.68×
Q3 24
1.49×
Q2 24
2.08×
0.30×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HCC
HCC

Sales$448.5M98%
Other revenues$10.1M2%

MTN
MTN

Dining$84.6M31%
Lodgingrevenueexcludingpayrollcostreimbursements$67.2M25%
Other Mountain Revenue$55.1M20%
Managedcondominiumrooms$26.1M10%
Owned Hotel Revenue$12.7M5%
Other Lodging Revenue$10.2M4%
Other$5.9M2%
Transportation$4.8M2%
Payrollcostreimbursements$4.4M2%

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