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Side-by-side financial comparison of WARRIOR MET COAL, INC. (HCC) and SM Energy Co (SM). Click either name above to swap in a different company.
SM Energy Co is the larger business by last-quarter revenue ($704.9M vs $458.6M, roughly 1.5× WARRIOR MET COAL, INC.). On growth, WARRIOR MET COAL, INC. posted the faster year-over-year revenue change (52.1% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% 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.
SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.
HCC vs SM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $458.6M | $704.9M |
| Net Profit | $72.3M | — |
| Gross Margin | 36.7% | — |
| Operating Margin | 17.3% | 25.9% |
| Net Margin | 15.8% | — |
| Revenue YoY | 52.1% | -17.3% |
| Net Profit YoY | — | — |
| EPS (diluted) | $1.37 | $0.94 |
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 | $704.9M | ||
| Q3 25 | $328.6M | $811.6M | ||
| Q2 25 | $297.5M | $792.9M | ||
| Q1 25 | $299.9M | $844.5M | ||
| Q4 24 | $297.5M | $852.0M | ||
| Q3 24 | $327.7M | $643.6M | ||
| Q2 24 | $396.5M | $634.6M |
| Q1 26 | $72.3M | — | ||
| Q4 25 | $23.0M | — | ||
| Q3 25 | $36.6M | $155.1M | ||
| Q2 25 | $5.6M | $201.7M | ||
| Q1 25 | $-8.2M | $182.3M | ||
| Q4 24 | $1.1M | — | ||
| Q3 24 | $41.8M | $240.5M | ||
| Q2 24 | $70.7M | $210.3M |
| 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% | 25.9% | ||
| Q3 25 | 6.3% | 30.4% | ||
| Q2 25 | 2.6% | 37.2% | ||
| Q1 25 | -5.8% | 32.7% | ||
| Q4 24 | -1.4% | 33.7% | ||
| Q3 24 | 11.9% | 51.4% | ||
| Q2 24 | 17.9% | 44.0% |
| Q1 26 | 15.8% | — | ||
| Q4 25 | 6.0% | — | ||
| Q3 25 | 11.1% | 19.1% | ||
| Q2 25 | 1.9% | 25.4% | ||
| Q1 25 | -2.7% | 21.6% | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 12.7% | 37.4% | ||
| Q2 24 | 17.8% | 33.1% |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $0.43 | $0.94 | ||
| Q3 25 | $0.70 | $1.35 | ||
| Q2 25 | $0.11 | $1.76 | ||
| Q1 25 | $-0.16 | $1.59 | ||
| Q4 24 | $0.02 | $1.63 | ||
| Q3 24 | $0.80 | $2.09 | ||
| Q2 24 | $1.35 | $1.82 |
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 | $368.0M |
| Total DebtLower is stronger | $154.4M | — |
| Stockholders' EquityBook value | — | $4.8B |
| Total Assets | $2.8B | $9.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $233.2M | — | ||
| Q4 25 | $300.0M | $368.0M | ||
| Q3 25 | $336.3M | $162.3M | ||
| Q2 25 | $383.3M | $101.9M | ||
| Q1 25 | $454.9M | $54.0K | ||
| Q4 24 | $491.5M | — | ||
| Q3 24 | $583.2M | $1.7B | ||
| Q2 24 | $709.0M | $487.9M |
| 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 | $4.8B | ||
| Q3 25 | $2.1B | $4.7B | ||
| Q2 25 | $2.1B | $4.6B | ||
| Q1 25 | $2.1B | $4.4B | ||
| Q4 24 | $2.1B | $4.2B | ||
| Q3 24 | $2.1B | $4.1B | ||
| Q2 24 | $2.0B | $3.8B |
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | $9.3B | ||
| Q3 25 | $2.7B | $9.1B | ||
| Q2 25 | $2.6B | $9.0B | ||
| Q1 25 | $2.6B | $8.8B | ||
| Q4 24 | $2.6B | $8.6B | ||
| Q3 24 | $2.6B | $8.0B | ||
| Q2 24 | $2.6B | $6.7B |
| 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 | — | $451.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $76.1M | $451.9M | ||
| Q3 25 | $104.7M | $505.0M | ||
| Q2 25 | $37.5M | $571.1M | ||
| Q1 25 | $10.9M | $483.0M | ||
| Q4 24 | $54.2M | $578.4M | ||
| Q3 24 | $62.2M | $452.3M | ||
| Q2 24 | $147.0M | $476.4M |
| Q1 26 | — | — | ||
| Q4 25 | 3.31× | — | ||
| Q3 25 | 2.86× | 3.26× | ||
| Q2 25 | 6.70× | 2.83× | ||
| Q1 25 | — | 2.65× | ||
| Q4 24 | 47.68× | — | ||
| Q3 24 | 1.49× | 1.88× | ||
| Q2 24 | 2.08× | 2.27× |
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% |
SM
Segment breakdown not available.
