vs
Side-by-side financial comparison of WARRIOR MET COAL, INC. (HCC) and Perella Weinberg Partners (PWP). 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 $219.2M, roughly 2.1× Perella Weinberg Partners). WARRIOR MET COAL, INC. runs the higher net margin — 15.8% vs 6.3%, a 9.5% gap on every dollar of revenue. On growth, WARRIOR MET COAL, INC. posted the faster year-over-year revenue change (52.1% vs -2.9%). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% 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.
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.
HCC vs PWP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $458.6M | $219.2M |
| Net Profit | $72.3M | $13.8M |
| Gross Margin | 36.7% | — |
| Operating Margin | 17.3% | 8.5% |
| Net Margin | 15.8% | 6.3% |
| Revenue YoY | 52.1% | -2.9% |
| Net Profit YoY | — | — |
| EPS (diluted) | $1.37 | $0.11 |
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 | $219.2M | ||
| Q3 25 | $328.6M | $164.6M | ||
| Q2 25 | $297.5M | $155.3M | ||
| Q1 25 | $299.9M | $211.8M | ||
| Q4 24 | $297.5M | $225.7M | ||
| Q3 24 | $327.7M | $278.2M | ||
| Q2 24 | $396.5M | $272.0M |
| Q1 26 | $72.3M | — | ||
| Q4 25 | $23.0M | $13.8M | ||
| Q3 25 | $36.6M | $6.0M | ||
| Q2 25 | $5.6M | $2.7M | ||
| Q1 25 | $-8.2M | $17.3M | ||
| Q4 24 | $1.1M | — | ||
| Q3 24 | $41.8M | $16.4M | ||
| Q2 24 | $70.7M | $-66.0M |
| 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% | 8.5% | ||
| Q3 25 | 6.3% | 5.4% | ||
| Q2 25 | 2.6% | 5.8% | ||
| Q1 25 | -5.8% | 5.5% | ||
| Q4 24 | -1.4% | — | ||
| Q3 24 | 11.9% | 12.9% | ||
| Q2 24 | 17.9% | -30.2% |
| Q1 26 | 15.8% | — | ||
| Q4 25 | 6.0% | 6.3% | ||
| Q3 25 | 11.1% | 3.6% | ||
| Q2 25 | 1.9% | 1.8% | ||
| Q1 25 | -2.7% | 8.2% | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 12.7% | 5.9% | ||
| Q2 24 | 17.8% | -24.3% |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $0.43 | $0.11 | ||
| Q3 25 | $0.70 | $0.08 | ||
| Q2 25 | $0.11 | $0.04 | ||
| Q1 25 | $-0.16 | $0.24 | ||
| Q4 24 | $0.02 | — | ||
| Q3 24 | $0.80 | $0.24 | ||
| Q2 24 | $1.35 | $-1.21 |
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 | $255.9M |
| Total DebtLower is stronger | $154.4M | — |
| Stockholders' EquityBook value | — | $-127.4M |
| Total Assets | $2.8B | $797.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $233.2M | — | ||
| Q4 25 | $300.0M | $255.9M | ||
| Q3 25 | $336.3M | $185.5M | ||
| Q2 25 | $383.3M | $145.0M | ||
| Q1 25 | $454.9M | $111.2M | ||
| Q4 24 | $491.5M | $407.4M | ||
| Q3 24 | $583.2M | $335.1M | ||
| Q2 24 | $709.0M | $185.3M |
| 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 24 | $153.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $-127.4M | ||
| Q3 25 | $2.1B | $-302.4M | ||
| Q2 25 | $2.1B | $-318.4M | ||
| Q1 25 | $2.1B | $-323.1M | ||
| Q4 24 | $2.1B | $-421.4M | ||
| Q3 24 | $2.1B | $-360.8M | ||
| Q2 24 | $2.0B | $-283.0M |
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | $797.6M | ||
| Q3 25 | $2.7B | $650.2M | ||
| Q2 25 | $2.6B | $606.7M | ||
| Q1 25 | $2.6B | $570.5M | ||
| Q4 24 | $2.6B | $876.8M | ||
| Q3 24 | $2.6B | $810.9M | ||
| Q2 24 | $2.6B | $645.5M |
| 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× | — | ||
| 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 | — | $34.8M |
| Free Cash FlowOCF − Capex | — | $30.5M |
| FCF MarginFCF / Revenue | — | 13.9% |
| Capex IntensityCapex / Revenue | — | 2.0% |
| Cash ConversionOCF / Net Profit | — | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $76.1M | $34.8M | ||
| Q3 25 | $104.7M | $59.2M | ||
| Q2 25 | $37.5M | $56.1M | ||
| Q1 25 | $10.9M | $-176.5M | ||
| Q4 24 | $54.2M | $223.4M | ||
| Q3 24 | $62.2M | $200.3M | ||
| Q2 24 | $147.0M | $90.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $30.5M | ||
| Q3 25 | — | $57.6M | ||
| Q2 25 | — | $55.3M | ||
| Q1 25 | — | $-177.6M | ||
| Q4 24 | — | $207.0M | ||
| Q3 24 | — | $199.3M | ||
| Q2 24 | — | $83.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.9% | ||
| Q3 25 | — | 35.0% | ||
| Q2 25 | — | 35.6% | ||
| Q1 25 | — | -83.8% | ||
| Q4 24 | — | 91.7% | ||
| Q3 24 | — | 71.6% | ||
| Q2 24 | — | 30.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 2.3% |
| Q1 26 | — | — | ||
| Q4 25 | 3.31× | 2.52× | ||
| Q3 25 | 2.86× | 9.85× | ||
| Q2 25 | 6.70× | 20.50× | ||
| Q1 25 | — | -10.18× | ||
| Q4 24 | 47.68× | — | ||
| Q3 24 | 1.49× | 12.23× | ||
| 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% |
PWP
Segment breakdown not available.
