vs
Side-by-side financial comparison of WARRIOR MET COAL, INC. (HCC) and MATERION Corp (MTRN). Click either name above to swap in a different company.
MATERION Corp is the larger business by last-quarter revenue ($489.8M vs $384.0M, roughly 1.3× WARRIOR MET COAL, INC.). WARRIOR MET COAL, INC. runs the higher net margin — 6.0% vs 1.3%, a 4.6% gap on every dollar of revenue. On growth, WARRIOR MET COAL, INC. posted the faster year-over-year revenue change (29.1% vs 12.1%). Over the past eight quarters, MATERION Corp's revenue compounded faster (12.7% CAGR vs -12.7%).
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.
Materion Corp. is a multinational company specializing in high-performance advanced materials. Among its products are advanced beryllium metals, thin film deposition materials, high-performance alloys and composites, specialty engineered beryllium, engineered metals, technical ceramics, tantalum, niobium, other precious and non-precious metals, inorganic chemicals, and specialty coatings.
HCC vs MTRN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $384.0M | $489.8M |
| Net Profit | $23.0M | $6.6M |
| Gross Margin | 29.5% | 13.0% |
| Operating Margin | 9.0% | 2.2% |
| Net Margin | 6.0% | 1.3% |
| Revenue YoY | 29.1% | 12.1% |
| Net Profit YoY | 1919.5% | 113.5% |
| EPS (diluted) | $0.43 | $0.30 |
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.
| Q4 25 | $384.0M | $489.8M | ||
| Q3 25 | $328.6M | $444.8M | ||
| Q2 25 | $297.5M | $431.7M | ||
| Q1 25 | $299.9M | $420.3M | ||
| Q4 24 | $297.5M | $436.9M | ||
| Q3 24 | $327.7M | $436.7M | ||
| Q2 24 | $396.5M | $425.9M | ||
| Q1 24 | $503.5M | $385.3M |
| Q4 25 | $23.0M | $6.6M | ||
| Q3 25 | $36.6M | $25.4M | ||
| Q2 25 | $5.6M | $25.1M | ||
| Q1 25 | $-8.2M | $17.7M | ||
| Q4 24 | $1.1M | $-48.9M | ||
| Q3 24 | $41.8M | $22.3M | ||
| Q2 24 | $70.7M | $19.0M | ||
| Q1 24 | $137.0M | $13.4M |
| Q4 25 | 29.5% | 13.0% | ||
| Q3 25 | 27.1% | 19.4% | ||
| Q2 25 | 23.9% | 19.1% | ||
| Q1 25 | 18.1% | 18.1% | ||
| Q4 24 | 23.1% | 21.3% | ||
| Q3 24 | 29.3% | 18.5% | ||
| Q2 24 | 34.1% | 19.0% | ||
| Q1 24 | 43.3% | 18.5% |
| Q4 25 | 9.0% | 2.2% | ||
| Q3 25 | 6.3% | 7.9% | ||
| Q2 25 | 2.6% | 8.5% | ||
| Q1 25 | -5.8% | 6.5% | ||
| Q4 24 | -1.4% | -8.8% | ||
| Q3 24 | 11.9% | 7.2% | ||
| Q2 24 | 17.9% | 7.5% | ||
| Q1 24 | 29.6% | 5.8% |
| Q4 25 | 6.0% | 1.3% | ||
| Q3 25 | 11.1% | 5.7% | ||
| Q2 25 | 1.9% | 5.8% | ||
| Q1 25 | -2.7% | 4.2% | ||
| Q4 24 | 0.4% | -11.2% | ||
| Q3 24 | 12.7% | 5.1% | ||
| Q2 24 | 17.8% | 4.5% | ||
| Q1 24 | 27.2% | 3.5% |
| Q4 25 | $0.43 | $0.30 | ||
| Q3 25 | $0.70 | $1.22 | ||
| Q2 25 | $0.11 | $1.21 | ||
| Q1 25 | $-0.16 | $0.85 | ||
| Q4 24 | $0.02 | $-2.34 | ||
| Q3 24 | $0.80 | $1.07 | ||
| Q2 24 | $1.35 | $0.91 | ||
| Q1 24 | $2.62 | $0.64 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $300.0M | $13.7M |
| Total DebtLower is stronger | $154.3M | $460.6M |
| Stockholders' EquityBook value | $2.1B | $943.3M |
| Total Assets | $2.8B | $1.8B |
| Debt / EquityLower = less leverage | 0.07× | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $300.0M | $13.7M | ||
| Q3 25 | $336.3M | $16.4M | ||
| Q2 25 | $383.3M | $12.6M | ||
| Q1 25 | $454.9M | $15.6M | ||
| Q4 24 | $491.5M | $16.7M | ||
| Q3 24 | $583.2M | $17.9M | ||
| Q2 24 | $709.0M | $17.1M | ||
| Q1 24 | $693.9M | $13.1M |
| Q4 25 | $154.3M | $460.6M | ||
| Q3 25 | $154.1M | $458.9M | ||
| Q2 25 | $153.9M | $427.6M | ||
| Q1 25 | $153.8M | $453.0M | ||
| Q4 24 | $153.6M | $443.9M | ||
| Q3 24 | $153.5M | — | ||
| Q2 24 | $153.3M | — | ||
| Q1 24 | $153.2M | $477.9M |
| Q4 25 | $2.1B | $943.3M | ||
| Q3 25 | $2.1B | $934.6M | ||
| Q2 25 | $2.1B | $910.6M | ||
| Q1 25 | $2.1B | $887.9M | ||
| Q4 24 | $2.1B | $868.9M | ||
| Q3 24 | $2.1B | $931.9M | ||
| Q2 24 | $2.0B | $907.1M | ||
| Q1 24 | $2.0B | $889.9M |
| Q4 25 | $2.8B | $1.8B | ||
| Q3 25 | $2.7B | $1.8B | ||
| Q2 25 | $2.6B | $1.7B | ||
| Q1 25 | $2.6B | $1.8B | ||
| Q4 24 | $2.6B | $1.7B | ||
| Q3 24 | $2.6B | $1.9B | ||
| Q2 24 | $2.6B | $1.8B | ||
| Q1 24 | $2.5B | $1.8B |
| Q4 25 | 0.07× | 0.49× | ||
| Q3 25 | 0.07× | 0.49× | ||
| Q2 25 | 0.07× | 0.47× | ||
| Q1 25 | 0.07× | 0.51× | ||
| Q4 24 | 0.07× | 0.51× | ||
| Q3 24 | 0.07× | — | ||
| Q2 24 | 0.07× | — | ||
| Q1 24 | 0.08× | 0.54× |
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 | $76.1M | $19.5M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.31× | 2.97× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.1M | $19.5M | ||
| Q3 25 | $104.7M | $18.3M | ||
| Q2 25 | $37.5M | $49.9M | ||
| Q1 25 | $10.9M | $15.5M | ||
| Q4 24 | $54.2M | $76.3M | ||
| Q3 24 | $62.2M | $5.1M | ||
| Q2 24 | $147.0M | $20.3M | ||
| Q1 24 | $104.1M | $-13.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $3.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-24.3M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $-35.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -5.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -9.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.7% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 5.5% |
| Q4 25 | 3.31× | 2.97× | ||
| Q3 25 | 2.86× | 0.72× | ||
| Q2 25 | 6.70× | 1.99× | ||
| Q1 25 | — | 0.88× | ||
| Q4 24 | 47.68× | — | ||
| Q3 24 | 1.49× | 0.23× | ||
| Q2 24 | 2.08× | 1.07× | ||
| Q1 24 | 0.76× | -1.03× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HCC
| Mining Segment | $373.6M | 97% |
| Other | $10.4M | 3% |
MTRN
| Electronic Materials | $313.9M | 64% |
| Aerospaceand Defense | $48.4M | 10% |
| Industrial Components | $34.3M | 7% |
| Precision Optics | $27.5M | 6% |
| Other End Market | $22.3M | 5% |
| Energy | $18.8M | 4% |
| Automotive Electronics | $18.5M | 4% |
| Semiconductor | $3.6M | 1% |
| Consumer Electronics | $362.0K | 0% |
