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Side-by-side financial comparison of WARRIOR MET COAL, INC. (HCC) and POTLATCHDELTIC CORP (PCH). 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 $314.2M, roughly 1.5× POTLATCHDELTIC CORP). WARRIOR MET COAL, INC. runs the higher net margin — 15.8% vs 8.2%, a 7.5% gap on every dollar of revenue. On growth, WARRIOR MET COAL, INC. posted the faster year-over-year revenue change (52.1% vs 23.1%). Over the past eight quarters, POTLATCHDELTIC CORP's revenue compounded faster (11.1% 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.
POTLATCHDELTIC CORPPCHEarnings & Financial Report
PotlatchDeltic Corporation is an American diversified forest products company based in Spokane, Washington.
HCC vs PCH — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $458.6M | $314.2M |
| Net Profit | $72.3M | $25.9M |
| Gross Margin | 36.7% | 18.2% |
| Operating Margin | 17.3% | 11.2% |
| Net Margin | 15.8% | 8.2% |
| Revenue YoY | 52.1% | 23.1% |
| Net Profit YoY | — | 682.5% |
| EPS (diluted) | $1.37 | $0.33 |
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 | — | ||
| Q3 25 | $328.6M | $314.2M | ||
| Q2 25 | $297.5M | $275.0M | ||
| Q1 25 | $299.9M | $268.3M | ||
| Q4 24 | $297.5M | $258.1M | ||
| Q3 24 | $327.7M | $255.1M | ||
| Q2 24 | $396.5M | $320.7M |
| Q1 26 | $72.3M | — | ||
| Q4 25 | $23.0M | — | ||
| Q3 25 | $36.6M | $25.9M | ||
| Q2 25 | $5.6M | $7.4M | ||
| Q1 25 | $-8.2M | $25.8M | ||
| Q4 24 | $1.1M | $5.2M | ||
| Q3 24 | $41.8M | $3.3M | ||
| Q2 24 | $70.7M | $13.7M |
| Q1 26 | 36.7% | — | ||
| Q4 25 | 29.5% | — | ||
| Q3 25 | 27.1% | 18.2% | ||
| Q2 25 | 23.9% | 13.0% | ||
| Q1 25 | 18.1% | 17.8% | ||
| Q4 24 | 23.1% | 13.4% | ||
| Q3 24 | 29.3% | 10.8% | ||
| Q2 24 | 34.1% | 11.9% |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 9.0% | — | ||
| Q3 25 | 6.3% | 11.2% | ||
| Q2 25 | 2.6% | 5.0% | ||
| Q1 25 | -5.8% | 10.3% | ||
| Q4 24 | -1.4% | 5.2% | ||
| Q3 24 | 11.9% | 2.8% | ||
| Q2 24 | 17.9% | 5.4% |
| Q1 26 | 15.8% | — | ||
| Q4 25 | 6.0% | — | ||
| Q3 25 | 11.1% | 8.2% | ||
| Q2 25 | 1.9% | 2.7% | ||
| Q1 25 | -2.7% | 9.6% | ||
| Q4 24 | 0.4% | 2.0% | ||
| Q3 24 | 12.7% | 1.3% | ||
| Q2 24 | 17.8% | 4.3% |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $0.43 | — | ||
| Q3 25 | $0.70 | $0.33 | ||
| Q2 25 | $0.11 | $0.09 | ||
| Q1 25 | $-0.16 | $0.33 | ||
| Q4 24 | $0.02 | $0.07 | ||
| Q3 24 | $0.80 | $0.04 | ||
| Q2 24 | $1.35 | $0.17 |
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 | $88.8M |
| Total DebtLower is stronger | $154.4M | — |
| Stockholders' EquityBook value | — | $1.9B |
| Total Assets | $2.8B | $3.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $233.2M | — | ||
| Q4 25 | $300.0M | — | ||
| Q3 25 | $336.3M | $88.8M | ||
| Q2 25 | $383.3M | $95.3M | ||
| Q1 25 | $454.9M | $147.5M | ||
| Q4 24 | $491.5M | $151.6M | ||
| Q3 24 | $583.2M | $161.1M | ||
| Q2 24 | $709.0M | $199.7M |
| Q1 26 | $154.4M | — | ||
| Q4 25 | $154.3M | — | ||
| Q3 25 | $154.1M | — | ||
| Q2 25 | $153.9M | — | ||
| Q1 25 | $153.8M | — | ||
| Q4 24 | $153.6M | $1.0B | ||
| Q3 24 | $153.5M | — | ||
| Q2 24 | $153.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | $1.9B | ||
| Q2 25 | $2.1B | $1.9B | ||
| Q1 25 | $2.1B | $2.0B | ||
| Q4 24 | $2.1B | $2.0B | ||
| Q3 24 | $2.1B | $2.1B | ||
| Q2 24 | $2.0B | $2.1B |
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.7B | $3.2B | ||
| Q2 25 | $2.6B | $3.2B | ||
| Q1 25 | $2.6B | $3.3B | ||
| Q4 24 | $2.6B | $3.3B | ||
| Q3 24 | $2.6B | $3.3B | ||
| Q2 24 | $2.6B | $3.4B |
| Q1 26 | — | — | ||
| Q4 25 | 0.07× | — | ||
| Q3 25 | 0.07× | — | ||
| Q2 25 | 0.07× | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | 0.07× | 0.51× | ||
| 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 | — | $65.7M |
| Free Cash FlowOCF − Capex | — | $50.1M |
| FCF MarginFCF / Revenue | — | 15.9% |
| Capex IntensityCapex / Revenue | — | 4.9% |
| Cash ConversionOCF / Net Profit | — | 2.54× |
| TTM Free Cash FlowTrailing 4 quarters | — | $132.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $76.1M | — | ||
| Q3 25 | $104.7M | $65.7M | ||
| Q2 25 | $37.5M | $41.0M | ||
| Q1 25 | $10.9M | $49.1M | ||
| Q4 24 | $54.2M | $45.4M | ||
| Q3 24 | $62.2M | $26.5M | ||
| Q2 24 | $147.0M | $100.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $50.1M | ||
| Q2 25 | — | $30.6M | ||
| Q1 25 | — | $26.3M | ||
| Q4 24 | — | $25.4M | ||
| Q3 24 | — | $-8.2M | ||
| Q2 24 | — | $72.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 15.9% | ||
| Q2 25 | — | 11.1% | ||
| Q1 25 | — | 9.8% | ||
| Q4 24 | — | 9.9% | ||
| Q3 24 | — | -3.2% | ||
| Q2 24 | — | 22.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 4.9% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | 8.5% | ||
| Q4 24 | — | 7.7% | ||
| Q3 24 | — | 13.6% | ||
| Q2 24 | — | 8.8% |
| Q1 26 | — | — | ||
| Q4 25 | 3.31× | — | ||
| Q3 25 | 2.86× | 2.54× | ||
| Q2 25 | 6.70× | 5.58× | ||
| Q1 25 | — | 1.90× | ||
| Q4 24 | 47.68× | 8.74× | ||
| Q3 24 | 1.49× | 7.99× | ||
| Q2 24 | 2.08× | 7.35× |
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% |
PCH
| Lumber | $131.8M | 42% |
| Timberlands | $52.5M | 17% |
| Rural Real Estate | $51.3M | 16% |
| Residuals And Panels | $34.0M | 11% |
| Pulpwood | $16.7M | 5% |
| Development Real Estate | $14.6M | 5% |
| Other | $8.1M | 3% |
| Other Products | $5.2M | 2% |
