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Side-by-side financial comparison of WARRIOR MET COAL, INC. (HCC) and Smith Douglas Homes Corp. (SDHC). 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 $260.4M, roughly 1.8× Smith Douglas Homes Corp.). WARRIOR MET COAL, INC. runs the higher net margin — 15.8% vs 1.4%, a 14.4% gap on every dollar of revenue. On growth, WARRIOR MET COAL, INC. posted the faster year-over-year revenue change (52.1% vs -9.4%). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% 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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
HCC vs SDHC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $458.6M | $260.4M |
| Net Profit | $72.3M | $3.5M |
| Gross Margin | 36.7% | 19.9% |
| Operating Margin | 17.3% | 6.5% |
| Net Margin | 15.8% | 1.4% |
| Revenue YoY | 52.1% | -9.4% |
| Net Profit YoY | — | -14.3% |
| EPS (diluted) | $1.37 | $0.39 |
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 | $260.4M | ||
| Q3 25 | $328.6M | $262.0M | ||
| Q2 25 | $297.5M | $223.9M | ||
| Q1 25 | $299.9M | $224.7M | ||
| Q4 24 | $297.5M | $287.5M | ||
| Q3 24 | $327.7M | $277.8M | ||
| Q2 24 | $396.5M | $220.9M |
| Q1 26 | $72.3M | — | ||
| Q4 25 | $23.0M | $3.5M | ||
| Q3 25 | $36.6M | $2.1M | ||
| Q2 25 | $5.6M | $2.4M | ||
| Q1 25 | $-8.2M | $2.7M | ||
| Q4 24 | $1.1M | $4.1M | ||
| Q3 24 | $41.8M | $5.3M | ||
| Q2 24 | $70.7M | $3.6M |
| Q1 26 | 36.7% | — | ||
| Q4 25 | 29.5% | 19.9% | ||
| Q3 25 | 27.1% | 21.0% | ||
| Q2 25 | 23.9% | 23.2% | ||
| Q1 25 | 18.1% | 23.8% | ||
| Q4 24 | 23.1% | 25.5% | ||
| Q3 24 | 29.3% | 26.5% | ||
| Q2 24 | 34.1% | 26.7% |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 9.0% | 6.5% | ||
| Q3 25 | 6.3% | 6.6% | ||
| Q2 25 | 2.6% | 7.7% | ||
| Q1 25 | -5.8% | 8.7% | ||
| Q4 24 | -1.4% | 10.4% | ||
| Q3 24 | 11.9% | 14.2% | ||
| Q2 24 | 17.9% | 11.7% |
| Q1 26 | 15.8% | — | ||
| Q4 25 | 6.0% | 1.4% | ||
| Q3 25 | 11.1% | 0.8% | ||
| Q2 25 | 1.9% | 1.1% | ||
| Q1 25 | -2.7% | 1.2% | ||
| Q4 24 | 0.4% | 1.4% | ||
| Q3 24 | 12.7% | 1.9% | ||
| Q2 24 | 17.8% | 1.7% |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $0.43 | $0.39 | ||
| Q3 25 | $0.70 | $0.24 | ||
| Q2 25 | $0.11 | $0.26 | ||
| Q1 25 | $-0.16 | $0.30 | ||
| Q4 24 | $0.02 | $0.50 | ||
| Q3 24 | $0.80 | $0.58 | ||
| Q2 24 | $1.35 | $0.40 |
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 | $12.7M |
| Total DebtLower is stronger | $154.4M | — |
| Stockholders' EquityBook value | — | $86.7M |
| Total Assets | $2.8B | $557.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $233.2M | — | ||
| Q4 25 | $300.0M | $12.7M | ||
| Q3 25 | $336.3M | $14.8M | ||
| Q2 25 | $383.3M | $16.8M | ||
| Q1 25 | $454.9M | $12.7M | ||
| Q4 24 | $491.5M | $22.4M | ||
| Q3 24 | $583.2M | $23.7M | ||
| Q2 24 | $709.0M | $17.3M |
| 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 | $86.7M | ||
| Q3 25 | $2.1B | $82.2M | ||
| Q2 25 | $2.1B | $80.0M | ||
| Q1 25 | $2.1B | $76.9M | ||
| Q4 24 | $2.1B | $73.6M | ||
| Q3 24 | $2.1B | $68.4M | ||
| Q2 24 | $2.0B | $62.1M |
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | $557.6M | ||
| Q3 25 | $2.7B | $571.6M | ||
| Q2 25 | $2.6B | $570.2M | ||
| Q1 25 | $2.6B | $513.9M | ||
| Q4 24 | $2.6B | $475.9M | ||
| Q3 24 | $2.6B | $460.1M | ||
| Q2 24 | $2.6B | $429.3M |
| 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 | — | $9.8M |
| Free Cash FlowOCF − Capex | — | $8.7M |
| FCF MarginFCF / Revenue | — | 3.4% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | — | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $76.1M | $9.8M | ||
| Q3 25 | $104.7M | $22.8M | ||
| Q2 25 | $37.5M | $-28.9M | ||
| Q1 25 | $10.9M | $-34.9M | ||
| Q4 24 | $54.2M | $5.5M | ||
| Q3 24 | $62.2M | $22.9M | ||
| Q2 24 | $147.0M | $39.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | $8.7M | ||
| Q3 25 | — | $21.4M | ||
| Q2 25 | — | $-31.1M | ||
| Q1 25 | — | $-35.9M | ||
| Q4 24 | — | $4.8M | ||
| Q3 24 | — | $22.3M | ||
| Q2 24 | — | $-2.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 8.2% | ||
| Q2 25 | — | -13.9% | ||
| Q1 25 | — | -16.0% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | — | 8.0% | ||
| Q2 24 | — | -1.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | 3.31× | 2.77× | ||
| Q3 25 | 2.86× | 10.70× | ||
| Q2 25 | 6.70× | -12.24× | ||
| Q1 25 | — | -13.01× | ||
| Q4 24 | 47.68× | 1.33× | ||
| Q3 24 | 1.49× | 4.28× | ||
| Q2 24 | 2.08× | 0.01× |
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% |
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
