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Side-by-side financial comparison of WARRIOR MET COAL, INC. (HCC) and PHINIA INC. (PHIN). Click either name above to swap in a different company.
PHINIA INC. is the larger business by last-quarter revenue ($889.0M vs $458.6M, roughly 1.9× WARRIOR MET COAL, INC.). On growth, WARRIOR MET COAL, INC. posted the faster year-over-year revenue change (52.1% vs 6.7%). Over the past eight quarters, WARRIOR MET COAL, INC.'s revenue compounded faster (7.5% CAGR vs 1.5%).
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.
PHINIA Inc. is a global automotive technology provider specializing in fuel injection systems, starters, alternators, and hybrid/electric vehicle components. It serves OEMs and aftermarket customers across North America, Europe, Asia Pacific and key markets, covering passenger car, commercial vehicle and industrial mobility segments.
HCC vs PHIN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $458.6M | $889.0M |
| Net Profit | $72.3M | — |
| Gross Margin | 36.7% | 21.7% |
| Operating Margin | 17.3% | 7.8% |
| Net Margin | 15.8% | — |
| Revenue YoY | 52.1% | 6.7% |
| Net Profit YoY | — | — |
| EPS (diluted) | $1.37 | $1.14 |
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 | $889.0M | ||
| Q3 25 | $328.6M | $908.0M | ||
| Q2 25 | $297.5M | $890.0M | ||
| Q1 25 | $299.9M | $796.0M | ||
| Q4 24 | $297.5M | $833.0M | ||
| Q3 24 | $327.7M | $839.0M | ||
| Q2 24 | $396.5M | $868.0M |
| Q1 26 | $72.3M | — | ||
| Q4 25 | $23.0M | — | ||
| Q3 25 | $36.6M | $13.0M | ||
| Q2 25 | $5.6M | $46.0M | ||
| Q1 25 | $-8.2M | $26.0M | ||
| Q4 24 | $1.1M | — | ||
| Q3 24 | $41.8M | $31.0M | ||
| Q2 24 | $70.7M | $14.0M |
| Q1 26 | 36.7% | — | ||
| Q4 25 | 29.5% | 21.7% | ||
| Q3 25 | 27.1% | 22.0% | ||
| Q2 25 | 23.9% | 22.1% | ||
| Q1 25 | 18.1% | 21.6% | ||
| Q4 24 | 23.1% | 22.7% | ||
| Q3 24 | 29.3% | 22.3% | ||
| Q2 24 | 34.1% | 21.7% |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 9.0% | 7.8% | ||
| Q3 25 | 6.3% | 3.7% | ||
| Q2 25 | 2.6% | 10.0% | ||
| Q1 25 | -5.8% | 7.8% | ||
| Q4 24 | -1.4% | 6.1% | ||
| Q3 24 | 11.9% | 7.9% | ||
| Q2 24 | 17.9% | 8.2% |
| Q1 26 | 15.8% | — | ||
| Q4 25 | 6.0% | — | ||
| Q3 25 | 11.1% | 1.4% | ||
| Q2 25 | 1.9% | 5.2% | ||
| Q1 25 | -2.7% | 3.3% | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 12.7% | 3.7% | ||
| Q2 24 | 17.8% | 1.6% |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $0.43 | $1.14 | ||
| Q3 25 | $0.70 | $0.33 | ||
| Q2 25 | $0.11 | $1.14 | ||
| Q1 25 | $-0.16 | $0.63 | ||
| Q4 24 | $0.02 | $0.13 | ||
| Q3 24 | $0.80 | $0.70 | ||
| Q2 24 | $1.35 | $0.31 |
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 | $359.0M |
| Total DebtLower is stronger | $154.4M | $970.0M |
| Stockholders' EquityBook value | — | $1.6B |
| Total Assets | $2.8B | $3.8B |
| Debt / EquityLower = less leverage | — | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $233.2M | — | ||
| Q4 25 | $300.0M | $359.0M | ||
| Q3 25 | $336.3M | $349.0M | ||
| Q2 25 | $383.3M | $347.0M | ||
| Q1 25 | $454.9M | $373.0M | ||
| Q4 24 | $491.5M | $484.0M | ||
| Q3 24 | $583.2M | $477.0M | ||
| Q2 24 | $709.0M | $339.0M |
| Q1 26 | $154.4M | — | ||
| Q4 25 | $154.3M | $970.0M | ||
| Q3 25 | $154.1M | $990.0M | ||
| Q2 25 | $153.9M | $990.0M | ||
| Q1 25 | $153.8M | $989.0M | ||
| Q4 24 | $153.6M | $988.0M | ||
| Q3 24 | $153.5M | $987.0M | ||
| Q2 24 | $153.3M | $821.0M |
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $1.6B | ||
| Q3 25 | $2.1B | $1.6B | ||
| Q2 25 | $2.1B | $1.6B | ||
| Q1 25 | $2.1B | $1.5B | ||
| Q4 24 | $2.1B | $1.6B | ||
| Q3 24 | $2.1B | $1.7B | ||
| Q2 24 | $2.0B | $1.7B |
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | $3.8B | ||
| Q3 25 | $2.7B | $4.0B | ||
| Q2 25 | $2.6B | $3.9B | ||
| Q1 25 | $2.6B | $3.7B | ||
| Q4 24 | $2.6B | $3.8B | ||
| Q3 24 | $2.6B | $4.0B | ||
| Q2 24 | $2.6B | $3.9B |
| Q1 26 | — | — | ||
| Q4 25 | 0.07× | 0.61× | ||
| Q3 25 | 0.07× | 0.62× | ||
| Q2 25 | 0.07× | 0.61× | ||
| Q1 25 | 0.07× | 0.64× | ||
| Q4 24 | 0.07× | 0.63× | ||
| Q3 24 | 0.07× | 0.58× | ||
| Q2 24 | 0.07× | 0.47× |
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 | — | $96.0M |
| Free Cash FlowOCF − Capex | — | $67.0M |
| FCF MarginFCF / Revenue | — | 7.5% |
| Capex IntensityCapex / Revenue | — | 3.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $188.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $76.1M | $96.0M | ||
| Q3 25 | $104.7M | $119.0M | ||
| Q2 25 | $37.5M | $57.0M | ||
| Q1 25 | $10.9M | $40.0M | ||
| Q4 24 | $54.2M | $73.0M | ||
| Q3 24 | $62.2M | $95.0M | ||
| Q2 24 | $147.0M | $109.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $67.0M | ||
| Q3 25 | — | $93.0M | ||
| Q2 25 | — | $23.0M | ||
| Q1 25 | — | $5.0M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | — | $70.0M | ||
| Q2 24 | — | $92.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.5% | ||
| Q3 25 | — | 10.2% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 6.4% | ||
| Q3 24 | — | 8.3% | ||
| Q2 24 | — | 10.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 2.9% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 3.0% | ||
| Q2 24 | — | 2.0% |
| Q1 26 | — | — | ||
| Q4 25 | 3.31× | — | ||
| Q3 25 | 2.86× | 9.15× | ||
| Q2 25 | 6.70× | 1.24× | ||
| Q1 25 | — | 1.54× | ||
| Q4 24 | 47.68× | — | ||
| Q3 24 | 1.49× | 3.06× | ||
| Q2 24 | 2.08× | 7.79× |
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% |
PHIN
| Customer | $618.0M | 70% |
| Fuel Systems | $194.0M | 22% |
| Other | $77.0M | 9% |
