vs
Side-by-side financial comparison of WARRIOR MET COAL, INC. (HCC) and New Fortress Energy Inc. (NFE). 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 $326.2M, roughly 1.4× New Fortress Energy Inc.). WARRIOR MET COAL, INC. runs the higher net margin — 15.8% vs -259.7%, a 275.4% gap on every dollar of revenue. On growth, WARRIOR MET COAL, INC. posted the faster year-over-year revenue change (52.1% vs -7.0%). Over the past eight quarters, WARRIOR MET COAL, INC.'s revenue compounded faster (7.5% CAGR vs -26.8%).
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.
New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.
HCC vs NFE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $458.6M | $326.2M |
| Net Profit | $72.3M | $-847.1M |
| Gross Margin | 36.7% | 35.5% |
| Operating Margin | 17.3% | -193.0% |
| Net Margin | 15.8% | -259.7% |
| Revenue YoY | 52.1% | -7.0% |
| Net Profit YoY | — | -277.4% |
| EPS (diluted) | $1.37 | $-3.03 |
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.
| Q1 26 | $458.6M | — | ||
| Q4 25 | $384.0M | $326.2M | ||
| Q3 25 | $328.6M | $240.3M | ||
| Q2 25 | $297.5M | $228.1M | ||
| Q1 25 | $299.9M | $384.9M | ||
| Q4 24 | $297.5M | $350.7M | ||
| Q3 24 | $327.7M | $446.0M | ||
| Q2 24 | $396.5M | $291.2M |
| Q1 26 | $72.3M | — | ||
| Q4 25 | $23.0M | $-847.1M | ||
| Q3 25 | $36.6M | $-263.0M | ||
| Q2 25 | $5.6M | $-546.5M | ||
| Q1 25 | $-8.2M | $-175.4M | ||
| Q4 24 | $1.1M | $-224.4M | ||
| Q3 24 | $41.8M | $9.3M | ||
| Q2 24 | $70.7M | $-88.9M |
| Q1 26 | 36.7% | — | ||
| Q4 25 | 29.5% | 35.5% | ||
| Q3 25 | 27.1% | 18.1% | ||
| Q2 25 | 23.9% | 8.4% | ||
| Q1 25 | 18.1% | 21.4% | ||
| Q4 24 | 23.1% | 17.6% | ||
| Q3 24 | 29.3% | 27.1% | ||
| Q2 24 | 34.1% | 23.8% |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 9.0% | -193.0% | ||
| Q3 25 | 6.3% | -37.4% | ||
| Q2 25 | 2.6% | -170.3% | ||
| Q1 25 | -5.8% | -3.3% | ||
| Q4 24 | -1.4% | 65.0% | ||
| Q3 24 | 11.9% | 17.8% | ||
| Q2 24 | 17.9% | 12.3% |
| Q1 26 | 15.8% | — | ||
| Q4 25 | 6.0% | -259.7% | ||
| Q3 25 | 11.1% | -109.4% | ||
| Q2 25 | 1.9% | -239.6% | ||
| Q1 25 | -2.7% | -45.6% | ||
| Q4 24 | 0.4% | -64.0% | ||
| Q3 24 | 12.7% | 2.1% | ||
| Q2 24 | 17.8% | -30.5% |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $0.43 | $-3.03 | ||
| Q3 25 | $0.70 | $-0.96 | ||
| Q2 25 | $0.11 | $-1.99 | ||
| Q1 25 | $-0.16 | $-0.65 | ||
| Q4 24 | $0.02 | $-1.10 | ||
| Q3 24 | $0.80 | $0.03 | ||
| Q2 24 | $1.35 | $-0.42 |
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 | $226.5M |
| Total DebtLower is stronger | $154.4M | $8.2B |
| Stockholders' EquityBook value | — | $182.6M |
| Total Assets | $2.8B | $10.6B |
| Debt / EquityLower = less leverage | — | 44.78× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $233.2M | — | ||
| Q4 25 | $300.0M | $226.5M | ||
| Q3 25 | $336.3M | $145.2M | ||
| Q2 25 | $383.3M | $551.1M | ||
| Q1 25 | $454.9M | $447.9M | ||
| Q4 24 | $491.5M | $492.9M | ||
| Q3 24 | $583.2M | $90.8M | ||
| Q2 24 | $709.0M | $133.0M |
| Q1 26 | $154.4M | — | ||
| Q4 25 | $154.3M | $8.2B | ||
| Q3 25 | $154.1M | — | ||
| Q2 25 | $153.9M | — | ||
| Q1 25 | $153.8M | — | ||
| Q4 24 | $153.6M | $8.9B | ||
| Q3 24 | $153.5M | — | ||
| Q2 24 | $153.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $182.6M | ||
| Q3 25 | $2.1B | $1.1B | ||
| Q2 25 | $2.1B | $1.3B | ||
| Q1 25 | $2.1B | $1.8B | ||
| Q4 24 | $2.1B | $1.9B | ||
| Q3 24 | $2.1B | $1.6B | ||
| Q2 24 | $2.0B | $1.6B |
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | $10.6B | ||
| Q3 25 | $2.7B | $12.0B | ||
| Q2 25 | $2.6B | $12.0B | ||
| Q1 25 | $2.6B | $13.1B | ||
| Q4 24 | $2.6B | $12.9B | ||
| Q3 24 | $2.6B | $12.0B | ||
| Q2 24 | $2.6B | $11.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.07× | 44.78× | ||
| Q3 25 | 0.07× | — | ||
| Q2 25 | 0.07× | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | 0.07× | 4.74× | ||
| Q3 24 | 0.07× | — | ||
| Q2 24 | 0.07× | — |
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 | — | $-76.2M |
| Free Cash FlowOCF − Capex | — | $-134.8M |
| FCF MarginFCF / Revenue | — | -41.3% |
| Capex IntensityCapex / Revenue | — | 18.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $76.1M | $-76.2M | ||
| Q3 25 | $104.7M | $-171.0M | ||
| Q2 25 | $37.5M | $-329.0M | ||
| Q1 25 | $10.9M | $-7.2M | ||
| Q4 24 | $54.2M | $445.3M | ||
| Q3 24 | $62.2M | $-20.0M | ||
| Q2 24 | $147.0M | $113.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-134.8M | ||
| Q3 25 | — | $-231.6M | ||
| Q2 25 | — | $-726.7M | ||
| Q1 25 | — | $-262.3M | ||
| Q4 24 | — | $-210.3M | ||
| Q3 24 | — | $-367.0M | ||
| Q2 24 | — | $-493.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | -41.3% | ||
| Q3 25 | — | -96.4% | ||
| Q2 25 | — | -318.6% | ||
| Q1 25 | — | -68.2% | ||
| Q4 24 | — | -60.0% | ||
| Q3 24 | — | -82.3% | ||
| Q2 24 | — | -169.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 18.0% | ||
| Q3 25 | — | 25.2% | ||
| Q2 25 | — | 174.4% | ||
| Q1 25 | — | 66.3% | ||
| Q4 24 | — | 187.0% | ||
| Q3 24 | — | 77.8% | ||
| Q2 24 | — | 208.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.31× | — | ||
| Q3 25 | 2.86× | — | ||
| Q2 25 | 6.70× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 47.68× | — | ||
| Q3 24 | 1.49× | -2.15× | ||
| Q2 24 | 2.08× | — |
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% |
NFE
Segment breakdown not available.
