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Side-by-side financial comparison of WARRIOR MET COAL, INC. (HCC) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
WARRIOR MET COAL, INC. is the larger business by last-quarter revenue ($384.0M vs $340.0M, roughly 1.1× Walker & Dunlop, Inc.). WARRIOR MET COAL, INC. runs the higher net margin — 6.0% vs -12.9%, a 18.9% gap on every dollar of revenue. On growth, WARRIOR MET COAL, INC. posted the faster year-over-year revenue change (29.1% vs -0.4%). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs -12.7%).
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.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
HCC vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $384.0M | $340.0M |
| Net Profit | $23.0M | $-13.9M |
| Gross Margin | 29.5% | — |
| Operating Margin | 9.0% | -17.2% |
| Net Margin | 6.0% | -12.9% |
| Revenue YoY | 29.1% | -0.4% |
| Net Profit YoY | 1919.5% | -131.0% |
| EPS (diluted) | $0.43 | $-0.41 |
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.
| Q4 25 | $384.0M | $340.0M | ||
| Q3 25 | $328.6M | $337.7M | ||
| Q2 25 | $297.5M | $319.2M | ||
| Q1 25 | $299.9M | $237.4M | ||
| Q4 24 | $297.5M | $341.5M | ||
| Q3 24 | $327.7M | $292.3M | ||
| Q2 24 | $396.5M | $270.7M | ||
| Q1 24 | $503.5M | $228.1M |
| Q4 25 | $23.0M | $-13.9M | ||
| Q3 25 | $36.6M | $33.5M | ||
| Q2 25 | $5.6M | $34.0M | ||
| Q1 25 | $-8.2M | $2.8M | ||
| Q4 24 | $1.1M | $44.8M | ||
| Q3 24 | $41.8M | $28.8M | ||
| Q2 24 | $70.7M | $22.7M | ||
| Q1 24 | $137.0M | $11.9M |
| 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 24 | 43.3% | — |
| Q4 25 | 9.0% | -17.2% | ||
| Q3 25 | 6.3% | 13.6% | ||
| Q2 25 | 2.6% | 14.5% | ||
| Q1 25 | -5.8% | 2.2% | ||
| Q4 24 | -1.4% | 15.3% | ||
| Q3 24 | 11.9% | 12.8% | ||
| Q2 24 | 17.9% | 10.4% | ||
| Q1 24 | 29.6% | 6.0% |
| Q4 25 | 6.0% | -12.9% | ||
| Q3 25 | 11.1% | 9.9% | ||
| Q2 25 | 1.9% | 10.6% | ||
| Q1 25 | -2.7% | 1.2% | ||
| Q4 24 | 0.4% | 13.1% | ||
| Q3 24 | 12.7% | 9.9% | ||
| Q2 24 | 17.8% | 8.4% | ||
| Q1 24 | 27.2% | 5.2% |
| Q4 25 | $0.43 | $-0.41 | ||
| Q3 25 | $0.70 | $0.98 | ||
| Q2 25 | $0.11 | $0.99 | ||
| Q1 25 | $-0.16 | $0.08 | ||
| Q4 24 | $0.02 | $1.32 | ||
| Q3 24 | $0.80 | $0.85 | ||
| Q2 24 | $1.35 | $0.67 | ||
| Q1 24 | $2.62 | $0.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $300.0M | $299.3M |
| Total DebtLower is stronger | $154.3M | — |
| Stockholders' EquityBook value | $2.1B | $1.7B |
| Total Assets | $2.8B | $5.1B |
| Debt / EquityLower = less leverage | 0.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $300.0M | $299.3M | ||
| Q3 25 | $336.3M | $274.8M | ||
| Q2 25 | $383.3M | $233.7M | ||
| Q1 25 | $454.9M | $181.0M | ||
| Q4 24 | $491.5M | $279.3M | ||
| Q3 24 | $583.2M | $179.8M | ||
| Q2 24 | $709.0M | $208.1M | ||
| Q1 24 | $693.9M | $216.5M |
| 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 24 | $153.2M | — |
| Q4 25 | $2.1B | $1.7B | ||
| Q3 25 | $2.1B | $1.8B | ||
| Q2 25 | $2.1B | $1.8B | ||
| Q1 25 | $2.1B | $1.7B | ||
| Q4 24 | $2.1B | $1.7B | ||
| Q3 24 | $2.1B | $1.7B | ||
| Q2 24 | $2.0B | $1.7B | ||
| Q1 24 | $2.0B | $1.7B |
| Q4 25 | $2.8B | $5.1B | ||
| Q3 25 | $2.7B | $5.8B | ||
| Q2 25 | $2.6B | $4.7B | ||
| Q1 25 | $2.6B | $4.5B | ||
| Q4 24 | $2.6B | $4.4B | ||
| Q3 24 | $2.6B | $4.6B | ||
| Q2 24 | $2.6B | $4.2B | ||
| Q1 24 | $2.5B | $3.8B |
| 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× | — | ||
| Q1 24 | 0.08× | — |
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 | $76.1M | $-664.3M |
| Free Cash FlowOCF − Capex | — | $-680.1M |
| FCF MarginFCF / Revenue | — | -200.0% |
| Capex IntensityCapex / Revenue | — | 4.6% |
| Cash ConversionOCF / Net Profit | 3.31× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $76.1M | $-664.3M | ||
| Q3 25 | $104.7M | $-948.1M | ||
| Q2 25 | $37.5M | $-238.5M | ||
| Q1 25 | $10.9M | $-281.1M | ||
| Q4 24 | $54.2M | $129.4M | ||
| Q3 24 | $62.2M | $-202.0M | ||
| Q2 24 | $147.0M | $-237.8M | ||
| Q1 24 | $104.1M | $38.4M |
| Q4 25 | — | $-680.1M | ||
| Q3 25 | — | $-950.4M | ||
| Q2 25 | — | $-241.0M | ||
| Q1 25 | — | $-284.7M | ||
| Q4 24 | — | $116.4M | ||
| Q3 24 | — | $-204.0M | ||
| Q2 24 | — | $-241.7M | ||
| Q1 24 | — | $35.2M |
| Q4 25 | — | -200.0% | ||
| Q3 25 | — | -281.5% | ||
| Q2 25 | — | -75.5% | ||
| Q1 25 | — | -120.0% | ||
| Q4 24 | — | 34.1% | ||
| Q3 24 | — | -69.8% | ||
| Q2 24 | — | -89.3% | ||
| Q1 24 | — | 15.4% |
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 1.4% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | 3.31× | — | ||
| Q3 25 | 2.86× | -28.34× | ||
| Q2 25 | 6.70× | -7.02× | ||
| Q1 25 | — | -102.07× | ||
| Q4 24 | 47.68× | 2.89× | ||
| Q3 24 | 1.49× | -7.01× | ||
| Q2 24 | 2.08× | -10.49× | ||
| Q1 24 | 0.76× | 3.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HCC
| Mining Segment | $373.6M | 97% |
| Other | $10.4M | 3% |
WD
Segment breakdown not available.
