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Side-by-side financial comparison of WARRIOR MET COAL, INC. (HCC) and TIC Solutions, Inc. (TIC). Click either name above to swap in a different company.
TIC Solutions, Inc. is the larger business by last-quarter revenue ($508.3M vs $458.6M, roughly 1.1× WARRIOR MET COAL, INC.). WARRIOR MET COAL, INC. runs the higher net margin — 15.8% vs -9.3%, a 25.1% gap on every dollar of revenue.
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.
HCC vs TIC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $458.6M | $508.3M |
| Net Profit | $72.3M | $-47.2M |
| Gross Margin | 36.7% | 35.2% |
| Operating Margin | 17.3% | -3.8% |
| Net Margin | 15.8% | -9.3% |
| Revenue YoY | 52.1% | — |
| Net Profit YoY | — | — |
| EPS (diluted) | $1.37 | — |
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 | $508.3M | ||
| Q3 25 | $328.6M | $473.9M | ||
| Q2 25 | $297.5M | $313.9M | ||
| Q1 25 | $299.9M | $234.2M | ||
| Q4 24 | $297.5M | — | ||
| Q3 24 | $327.7M | — | ||
| Q2 24 | $396.5M | — |
| Q1 26 | $72.3M | — | ||
| Q4 25 | $23.0M | $-47.2M | ||
| Q3 25 | $36.6M | $-13.9M | ||
| Q2 25 | $5.6M | $-233.0K | ||
| Q1 25 | $-8.2M | $-25.8M | ||
| Q4 24 | $1.1M | — | ||
| Q3 24 | $41.8M | — | ||
| Q2 24 | $70.7M | — |
| Q1 26 | 36.7% | — | ||
| Q4 25 | 29.5% | 35.2% | ||
| Q3 25 | 27.1% | 32.2% | ||
| Q2 25 | 23.9% | 23.6% | ||
| Q1 25 | 18.1% | 18.6% | ||
| Q4 24 | 23.1% | — | ||
| Q3 24 | 29.3% | — | ||
| Q2 24 | 34.1% | — |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 9.0% | -3.8% | ||
| Q3 25 | 6.3% | -1.4% | ||
| Q2 25 | 2.6% | 5.8% | ||
| Q1 25 | -5.8% | -4.0% | ||
| Q4 24 | -1.4% | — | ||
| Q3 24 | 11.9% | — | ||
| Q2 24 | 17.9% | — |
| Q1 26 | 15.8% | — | ||
| Q4 25 | 6.0% | -9.3% | ||
| Q3 25 | 11.1% | -2.9% | ||
| Q2 25 | 1.9% | -0.1% | ||
| Q1 25 | -2.7% | -11.0% | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 12.7% | — | ||
| Q2 24 | 17.8% | — |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $0.43 | — | ||
| Q3 25 | $0.70 | $-0.08 | ||
| Q2 25 | $0.11 | — | ||
| Q1 25 | $-0.16 | — | ||
| Q4 24 | $0.02 | — | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $233.2M | $439.5M |
| Total DebtLower is stronger | $154.4M | $1.6B |
| Stockholders' EquityBook value | — | $2.2B |
| Total Assets | $2.8B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $233.2M | — | ||
| Q4 25 | $300.0M | $439.5M | ||
| Q3 25 | $336.3M | $164.4M | ||
| Q2 25 | $383.3M | $130.1M | ||
| Q1 25 | $454.9M | $155.7M | ||
| Q4 24 | $491.5M | — | ||
| Q3 24 | $583.2M | — | ||
| Q2 24 | $709.0M | — |
| Q1 26 | $154.4M | — | ||
| Q4 25 | $154.3M | $1.6B | ||
| Q3 25 | $154.1M | $1.6B | ||
| Q2 25 | $153.9M | $751.3M | ||
| Q1 25 | $153.8M | $752.4M | ||
| Q4 24 | $153.6M | — | ||
| Q3 24 | $153.5M | — | ||
| Q2 24 | $153.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.1B | $2.2B | ||
| Q3 25 | $2.1B | $2.0B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $2.1B | $1.1B | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.0B | — |
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | $4.4B | ||
| Q3 25 | $2.7B | $4.2B | ||
| Q2 25 | $2.6B | $2.2B | ||
| Q1 25 | $2.6B | $2.2B | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.6B | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.07× | 0.74× | ||
| Q3 25 | 0.07× | 0.83× | ||
| Q2 25 | 0.07× | 0.64× | ||
| Q1 25 | 0.07× | 0.67× | ||
| 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 | — | $49.7M |
| Free Cash FlowOCF − Capex | — | $37.1M |
| FCF MarginFCF / Revenue | — | 7.3% |
| Capex IntensityCapex / Revenue | — | 2.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $61.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $76.1M | $49.7M | ||
| Q3 25 | $104.7M | $19.0M | ||
| Q2 25 | $37.5M | $-6.5M | ||
| Q1 25 | $10.9M | $32.8M | ||
| Q4 24 | $54.2M | — | ||
| Q3 24 | $62.2M | — | ||
| Q2 24 | $147.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $37.1M | ||
| Q3 25 | — | $10.3M | ||
| Q2 25 | — | $-14.5M | ||
| Q1 25 | — | $28.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.3% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | -4.6% | ||
| Q1 25 | — | 12.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.5% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.31× | — | ||
| Q3 25 | 2.86× | — | ||
| Q2 25 | 6.70× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 47.68× | — | ||
| 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
| Sales | $448.5M | 98% |
| Other revenues | $10.1M | 2% |
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
