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Side-by-side financial comparison of WARRIOR MET COAL, INC. (HCC) and OneWater Marine Inc. (ONEW). 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 $442.3M, roughly 1.0× OneWater Marine Inc.). WARRIOR MET COAL, INC. runs the higher net margin — 15.8% vs -2.9%, a 18.7% gap on every dollar of revenue. On growth, WARRIOR MET COAL, INC. posted the faster year-over-year revenue change (52.1% vs -8.5%). Over the past eight quarters, OneWater Marine Inc.'s revenue compounded faster (8.2% CAGR vs 7.5%).
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.
OneWater Marine Inc. is a leading recreational marine retailer headquartered in the U.S. It sells new and pre-owned boats, yachts and marine parts, offers maintenance, repair and financing services, and serves individual and commercial leisure boating customers across North America through its extensive network of local dealerships.
HCC vs ONEW — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $458.6M | $442.3M |
| Net Profit | $72.3M | $-12.9M |
| Gross Margin | 36.7% | 23.9% |
| Operating Margin | 17.3% | 1.7% |
| Net Margin | 15.8% | -2.9% |
| Revenue YoY | 52.1% | -8.5% |
| Net Profit YoY | — | — |
| EPS (diluted) | $1.37 | $-0.78 |
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 | — | $442.3M | ||
| Q1 26 | $458.6M | $380.6M | ||
| Q4 25 | $384.0M | $380.6M | ||
| Q3 25 | $328.6M | $460.1M | ||
| Q2 25 | $297.5M | $552.9M | ||
| Q1 25 | $299.9M | $483.5M | ||
| Q4 24 | $297.5M | $375.8M | ||
| Q3 24 | $327.7M | $377.9M |
| Q2 26 | — | $-12.9M | ||
| Q1 26 | $72.3M | $-7.7M | ||
| Q4 25 | $23.0M | $-7.7M | ||
| Q3 25 | $36.6M | $-113.0M | ||
| Q2 25 | $5.6M | $10.7M | ||
| Q1 25 | $-8.2M | $-368.0K | ||
| Q4 24 | $1.1M | $-12.0M | ||
| Q3 24 | $41.8M | $-9.2M |
| Q2 26 | — | 23.9% | ||
| Q1 26 | 36.7% | 23.5% | ||
| Q4 25 | 29.5% | 23.5% | ||
| Q3 25 | 27.1% | 22.6% | ||
| Q2 25 | 23.9% | 23.3% | ||
| Q1 25 | 18.1% | 22.8% | ||
| Q4 24 | 23.1% | 22.4% | ||
| Q3 24 | 29.3% | 24.0% |
| Q2 26 | — | 1.7% | ||
| Q1 26 | 17.3% | — | ||
| Q4 25 | 9.0% | -1.4% | ||
| Q3 25 | 6.3% | -28.3% | ||
| Q2 25 | 2.6% | 5.5% | ||
| Q1 25 | -5.8% | 3.4% | ||
| Q4 24 | -1.4% | -0.5% | ||
| Q3 24 | 11.9% | 1.2% |
| Q2 26 | — | -2.9% | ||
| Q1 26 | 15.8% | -2.0% | ||
| Q4 25 | 6.0% | -2.0% | ||
| Q3 25 | 11.1% | -24.5% | ||
| Q2 25 | 1.9% | 1.9% | ||
| Q1 25 | -2.7% | -0.1% | ||
| Q4 24 | 0.4% | -3.2% | ||
| Q3 24 | 12.7% | -2.4% |
| Q2 26 | — | $-0.78 | ||
| Q1 26 | $1.37 | $-0.47 | ||
| Q4 25 | $0.43 | — | ||
| Q3 25 | $0.70 | — | ||
| Q2 25 | $0.11 | — | ||
| Q1 25 | $-0.16 | — | ||
| Q4 24 | $0.02 | — | ||
| Q3 24 | $0.80 | — |
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 | — |
| Total DebtLower is stronger | $154.4M | — |
| Stockholders' EquityBook value | — | $269.4M |
| Total Assets | $2.8B | $1.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | — | ||
| Q1 26 | $233.2M | — | ||
| Q4 25 | $300.0M | — | ||
| Q3 25 | $336.3M | — | ||
| Q2 25 | $383.3M | — | ||
| Q1 25 | $454.9M | — | ||
| Q4 24 | $491.5M | — | ||
| Q3 24 | $583.2M | — |
| Q2 26 | — | — | ||
| Q1 26 | $154.4M | — | ||
| Q4 25 | $154.3M | — | ||
| Q3 25 | $154.1M | — | ||
| Q2 25 | $153.9M | — | ||
| Q1 25 | $153.8M | — | ||
| Q4 24 | $153.6M | — | ||
| Q3 24 | $153.5M | — |
| Q2 26 | — | $269.4M | ||
| Q1 26 | — | $277.5M | ||
| Q4 25 | $2.1B | $277.5M | ||
| Q3 25 | $2.1B | $285.0M | ||
| Q2 25 | $2.1B | $393.2M | ||
| Q1 25 | $2.1B | $381.6M | ||
| Q4 24 | $2.1B | $354.8M | ||
| Q3 24 | $2.1B | $360.8M |
| Q2 26 | — | $1.4B | ||
| Q1 26 | $2.8B | $1.4B | ||
| Q4 25 | $2.8B | $1.4B | ||
| Q3 25 | $2.7B | $1.4B | ||
| Q2 25 | $2.6B | $1.5B | ||
| Q1 25 | $2.6B | $1.6B | ||
| Q4 24 | $2.6B | $1.6B | ||
| Q3 24 | $2.6B | $1.6B |
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.07× | — | ||
| Q3 25 | 0.07× | — | ||
| Q2 25 | 0.07× | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | 0.07× | — | ||
| Q3 24 | 0.07× | — |
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% |
ONEW
| New boat | $272.0M | 62% |
| Pre-owned boat | $94.4M | 21% |
| Service, parts & other | $61.9M | 14% |
| Finance & insurance income | $14.0M | 3% |
