vs

Side-by-side financial comparison of WARRIOR MET COAL, INC. (HCC) and SFL Corp Ltd. (SFL). 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 $353.7M, roughly 1.3× SFL Corp Ltd.). WARRIOR MET COAL, INC. runs the higher net margin — 15.8% vs 1.1%, a 14.6% gap on every dollar of revenue. On growth, WARRIOR MET COAL, INC. posted the faster year-over-year revenue change (52.1% vs -27.0%).

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.

SFL Corp Ltd is a global maritime transportation and vessel owning enterprise with a diversified fleet including container ships, oil tankers, dry bulk carriers and offshore support vessels. It serves international logistics, energy and bulk commodity sectors, offering long-term and spot charter services to clients across major global trade routes.

HCC vs SFL — Head-to-Head

Bigger by revenue
HCC
HCC
1.3× larger
HCC
$458.6M
$353.7M
SFL
Growing faster (revenue YoY)
HCC
HCC
+79.0% gap
HCC
52.1%
-27.0%
SFL
Higher net margin
HCC
HCC
14.6% more per $
HCC
15.8%
1.1%
SFL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
HCC
HCC
SFL
SFL
Revenue
$458.6M
$353.7M
Net Profit
$72.3M
$4.0M
Gross Margin
36.7%
Operating Margin
17.3%
22.8%
Net Margin
15.8%
1.1%
Revenue YoY
52.1%
-27.0%
Net Profit YoY
-93.9%
EPS (diluted)
$1.37
$0.03

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.

Revenue
HCC
HCC
SFL
SFL
Q1 26
$458.6M
Q4 25
$384.0M
$353.7M
Q3 25
$328.6M
Q2 25
$297.5M
Q1 25
$299.9M
Q4 24
$297.5M
$484.4M
Q3 24
$327.7M
Q2 24
$396.5M
Net Profit
HCC
HCC
SFL
SFL
Q1 26
$72.3M
Q4 25
$23.0M
$4.0M
Q3 25
$36.6M
Q2 25
$5.6M
Q1 25
$-8.2M
Q4 24
$1.1M
$64.7M
Q3 24
$41.8M
Q2 24
$70.7M
Gross Margin
HCC
HCC
SFL
SFL
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%
Operating Margin
HCC
HCC
SFL
SFL
Q1 26
17.3%
Q4 25
9.0%
22.8%
Q3 25
6.3%
Q2 25
2.6%
Q1 25
-5.8%
Q4 24
-1.4%
32.8%
Q3 24
11.9%
Q2 24
17.9%
Net Margin
HCC
HCC
SFL
SFL
Q1 26
15.8%
Q4 25
6.0%
1.1%
Q3 25
11.1%
Q2 25
1.9%
Q1 25
-2.7%
Q4 24
0.4%
13.4%
Q3 24
12.7%
Q2 24
17.8%
EPS (diluted)
HCC
HCC
SFL
SFL
Q1 26
$1.37
Q4 25
$0.43
$0.03
Q3 25
$0.70
Q2 25
$0.11
Q1 25
$-0.16
Q4 24
$0.02
$0.49
Q3 24
$0.80
Q2 24
$1.35

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HCC
HCC
SFL
SFL
Cash + ST InvestmentsLiquidity on hand
$233.2M
$150.8M
Total DebtLower is stronger
$154.4M
$2.6B
Stockholders' EquityBook value
$960.9M
Total Assets
$2.8B
$3.6B
Debt / EquityLower = less leverage
2.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HCC
HCC
SFL
SFL
Q1 26
$233.2M
Q4 25
$300.0M
$150.8M
Q3 25
$336.3M
Q2 25
$383.3M
Q1 25
$454.9M
Q4 24
$491.5M
$134.6M
Q3 24
$583.2M
Q2 24
$709.0M
Total Debt
HCC
HCC
SFL
SFL
Q1 26
$154.4M
Q4 25
$154.3M
$2.6B
Q3 25
$154.1M
Q2 25
$153.9M
Q1 25
$153.8M
Q4 24
$153.6M
$2.9B
Q3 24
$153.5M
Q2 24
$153.3M
Stockholders' Equity
HCC
HCC
SFL
SFL
Q1 26
Q4 25
$2.1B
$960.9M
Q3 25
$2.1B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$2.1B
$1.1B
Q3 24
$2.1B
Q2 24
$2.0B
Total Assets
HCC
HCC
SFL
SFL
Q1 26
$2.8B
Q4 25
$2.8B
$3.6B
Q3 25
$2.7B
Q2 25
$2.6B
Q1 25
$2.6B
Q4 24
$2.6B
$4.1B
Q3 24
$2.6B
Q2 24
$2.6B
Debt / Equity
HCC
HCC
SFL
SFL
Q1 26
Q4 25
0.07×
2.69×
Q3 25
0.07×
Q2 25
0.07×
Q1 25
0.07×
Q4 24
0.07×
2.54×
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
HCC
HCC
SFL
SFL
Operating Cash FlowLast quarter
$118.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
29.75×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HCC
HCC
SFL
SFL
Q1 26
Q4 25
$76.1M
$118.4M
Q3 25
$104.7M
Q2 25
$37.5M
Q1 25
$10.9M
Q4 24
$54.2M
$182.4M
Q3 24
$62.2M
Q2 24
$147.0M
Cash Conversion
HCC
HCC
SFL
SFL
Q1 26
Q4 25
3.31×
29.75×
Q3 25
2.86×
Q2 25
6.70×
Q1 25
Q4 24
47.68×
2.82×
Q3 24
1.49×
Q2 24
2.08×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HCC
HCC

Sales$448.5M98%
Other revenues$10.1M2%

SFL
SFL

Segment breakdown not available.

Related Comparisons