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Side-by-side financial comparison of WARRIOR MET COAL, INC. (HCC) and ONESPAWORLD HOLDINGS Ltd (OSW). 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 $242.1M, roughly 1.9× ONESPAWORLD HOLDINGS Ltd). WARRIOR MET COAL, INC. runs the higher net margin — 15.8% vs 5.0%, a 10.8% gap on every dollar of revenue. On growth, WARRIOR MET COAL, INC. posted the faster year-over-year revenue change (52.1% vs 11.5%). Over the past eight quarters, WARRIOR MET COAL, INC.'s revenue compounded faster (7.5% CAGR vs 7.1%).
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.
HCC vs OSW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $458.6M | $242.1M |
| Net Profit | $72.3M | $12.1M |
| Gross Margin | 36.7% | — |
| Operating Margin | 17.3% | 6.8% |
| Net Margin | 15.8% | 5.0% |
| Revenue YoY | 52.1% | 11.5% |
| Net Profit YoY | — | -16.2% |
| EPS (diluted) | $1.37 | $0.12 |
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 | $242.1M | ||
| Q3 25 | $328.6M | $258.5M | ||
| Q2 25 | $297.5M | $240.7M | ||
| Q1 25 | $299.9M | $219.6M | ||
| Q4 24 | $297.5M | $217.2M | ||
| Q3 24 | $327.7M | $241.7M | ||
| Q2 24 | $396.5M | $224.9M |
| Q1 26 | $72.3M | — | ||
| Q4 25 | $23.0M | $12.1M | ||
| Q3 25 | $36.6M | $24.3M | ||
| Q2 25 | $5.6M | $19.9M | ||
| Q1 25 | $-8.2M | $15.3M | ||
| Q4 24 | $1.1M | $14.4M | ||
| Q3 24 | $41.8M | $21.6M | ||
| Q2 24 | $70.7M | $15.8M |
| 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% | — |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 9.0% | 6.8% | ||
| Q3 25 | 6.3% | 10.2% | ||
| Q2 25 | 2.6% | 9.2% | ||
| Q1 25 | -5.8% | 7.7% | ||
| Q4 24 | -1.4% | 7.9% | ||
| Q3 24 | 11.9% | 10.3% | ||
| Q2 24 | 17.9% | 8.4% |
| Q1 26 | 15.8% | — | ||
| Q4 25 | 6.0% | 5.0% | ||
| Q3 25 | 11.1% | 9.4% | ||
| Q2 25 | 1.9% | 8.3% | ||
| Q1 25 | -2.7% | 7.0% | ||
| Q4 24 | 0.4% | 6.6% | ||
| Q3 24 | 12.7% | 8.9% | ||
| Q2 24 | 17.8% | 7.0% |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $0.43 | $0.12 | ||
| Q3 25 | $0.70 | $0.23 | ||
| Q2 25 | $0.11 | $0.19 | ||
| Q1 25 | $-0.16 | $0.15 | ||
| Q4 24 | $0.02 | $0.13 | ||
| Q3 24 | $0.80 | $0.20 | ||
| Q2 24 | $1.35 | $0.15 |
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 | $16.3M |
| Total DebtLower is stronger | $154.4M | $84.0M |
| Stockholders' EquityBook value | — | $542.6M |
| Total Assets | $2.8B | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $233.2M | — | ||
| Q4 25 | $300.0M | $16.3M | ||
| Q3 25 | $336.3M | $29.6M | ||
| Q2 25 | $383.3M | $35.0M | ||
| Q1 25 | $454.9M | $22.6M | ||
| Q4 24 | $491.5M | $57.4M | ||
| Q3 24 | $583.2M | $48.8M | ||
| Q2 24 | $709.0M | $62.5M |
| Q1 26 | $154.4M | — | ||
| Q4 25 | $154.3M | $84.0M | ||
| Q3 25 | $154.1M | $85.2M | ||
| Q2 25 | $153.9M | $96.2M | ||
| Q1 25 | $153.8M | $97.4M | ||
| Q4 24 | $153.6M | $98.6M | ||
| Q3 24 | $153.5M | $98.7M | ||
| Q2 24 | $153.3M | $123.8M |
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $542.6M | ||
| Q3 25 | $2.1B | $552.8M | ||
| Q2 25 | $2.1B | $548.3M | ||
| Q1 25 | $2.1B | $530.6M | ||
| Q4 24 | $2.1B | $554.5M | ||
| Q3 24 | $2.1B | $540.1M | ||
| Q2 24 | $2.0B | $532.7M |
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | $707.1M | ||
| Q3 25 | $2.7B | $732.6M | ||
| Q2 25 | $2.6B | $731.8M | ||
| Q1 25 | $2.6B | $708.7M | ||
| Q4 24 | $2.6B | $746.4M | ||
| Q3 24 | $2.6B | $734.0M | ||
| Q2 24 | $2.6B | $756.8M |
| Q1 26 | — | — | ||
| Q4 25 | 0.07× | 0.15× | ||
| Q3 25 | 0.07× | 0.15× | ||
| Q2 25 | 0.07× | 0.18× | ||
| Q1 25 | 0.07× | 0.18× | ||
| Q4 24 | 0.07× | 0.18× | ||
| Q3 24 | 0.07× | 0.18× | ||
| Q2 24 | 0.07× | 0.23× |
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 | — | $20.0M |
| Free Cash FlowOCF − Capex | — | $14.9M |
| FCF MarginFCF / Revenue | — | 6.2% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $76.1M | $20.0M | ||
| Q3 25 | $104.7M | $33.2M | ||
| Q2 25 | $37.5M | $20.3M | ||
| Q1 25 | $10.9M | $10.1M | ||
| Q4 24 | $54.2M | $16.6M | ||
| Q3 24 | $62.2M | $28.6M | ||
| Q2 24 | $147.0M | $18.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $14.9M | ||
| Q3 25 | — | $27.6M | ||
| Q2 25 | — | $17.6M | ||
| Q1 25 | — | $8.4M | ||
| Q4 24 | — | $13.2M | ||
| Q3 24 | — | $27.5M | ||
| Q2 24 | — | $17.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | 10.7% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 11.4% | ||
| Q2 24 | — | 7.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.1% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | 3.31× | 1.65× | ||
| Q3 25 | 2.86× | 1.36× | ||
| Q2 25 | 6.70× | 1.02× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | 47.68× | 1.15× | ||
| Q3 24 | 1.49× | 1.33× | ||
| Q2 24 | 2.08× | 1.19× |
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% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
