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Side-by-side financial comparison of WARRIOR MET COAL, INC. (HCC) and WORKIVA INC (WK). 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 $238.9M, roughly 1.9× WORKIVA INC). WARRIOR MET COAL, INC. runs the higher net margin — 15.8% vs 4.9%, a 10.8% gap on every dollar of revenue. On growth, WARRIOR MET COAL, INC. posted the faster year-over-year revenue change (52.1% vs 19.5%). Over the past eight quarters, WORKIVA INC's revenue compounded faster (16.6% 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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
HCC vs WK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $458.6M | $238.9M |
| Net Profit | $72.3M | $11.8M |
| Gross Margin | 36.7% | 80.7% |
| Operating Margin | 17.3% | 3.3% |
| Net Margin | 15.8% | 4.9% |
| Revenue YoY | 52.1% | 19.5% |
| Net Profit YoY | — | 234.0% |
| EPS (diluted) | $1.37 | $0.21 |
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 | $238.9M | ||
| Q3 25 | $328.6M | $224.2M | ||
| Q2 25 | $297.5M | $215.2M | ||
| Q1 25 | $299.9M | $206.3M | ||
| Q4 24 | $297.5M | $199.9M | ||
| Q3 24 | $327.7M | $185.6M | ||
| Q2 24 | $396.5M | $177.5M |
| Q1 26 | $72.3M | — | ||
| Q4 25 | $23.0M | $11.8M | ||
| Q3 25 | $36.6M | $2.8M | ||
| Q2 25 | $5.6M | $-19.4M | ||
| Q1 25 | $-8.2M | $-21.4M | ||
| Q4 24 | $1.1M | $-8.8M | ||
| Q3 24 | $41.8M | $-17.0M | ||
| Q2 24 | $70.7M | $-17.5M |
| Q1 26 | 36.7% | — | ||
| Q4 25 | 29.5% | 80.7% | ||
| Q3 25 | 27.1% | 79.3% | ||
| Q2 25 | 23.9% | 77.0% | ||
| Q1 25 | 18.1% | 76.6% | ||
| Q4 24 | 23.1% | 77.1% | ||
| Q3 24 | 29.3% | 76.5% | ||
| Q2 24 | 34.1% | 76.8% |
| Q1 26 | 17.3% | — | ||
| Q4 25 | 9.0% | 3.3% | ||
| Q3 25 | 6.3% | -1.5% | ||
| Q2 25 | 2.6% | -10.3% | ||
| Q1 25 | -5.8% | -12.0% | ||
| Q4 24 | -1.4% | -6.7% | ||
| Q3 24 | 11.9% | -11.7% | ||
| Q2 24 | 17.9% | -13.0% |
| Q1 26 | 15.8% | — | ||
| Q4 25 | 6.0% | 4.9% | ||
| Q3 25 | 11.1% | 1.2% | ||
| Q2 25 | 1.9% | -9.0% | ||
| Q1 25 | -2.7% | -10.4% | ||
| Q4 24 | 0.4% | -4.4% | ||
| Q3 24 | 12.7% | -9.2% | ||
| Q2 24 | 17.8% | -9.9% |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $0.43 | $0.21 | ||
| Q3 25 | $0.70 | $0.05 | ||
| Q2 25 | $0.11 | $-0.35 | ||
| Q1 25 | $-0.16 | $-0.38 | ||
| Q4 24 | $0.02 | $-0.15 | ||
| Q3 24 | $0.80 | $-0.31 | ||
| Q2 24 | $1.35 | $-0.32 |
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 | $338.8M |
| Total DebtLower is stronger | $154.4M | — |
| Stockholders' EquityBook value | — | $-5.4M |
| Total Assets | $2.8B | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $233.2M | — | ||
| Q4 25 | $300.0M | $338.8M | ||
| Q3 25 | $336.3M | $315.9M | ||
| Q2 25 | $383.3M | $284.3M | ||
| Q1 25 | $454.9M | $242.0M | ||
| Q4 24 | $491.5M | $301.8M | ||
| Q3 24 | $583.2M | $248.2M | ||
| Q2 24 | $709.0M | $267.9M |
| 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 | $-5.4M | ||
| Q3 25 | $2.1B | $-36.9M | ||
| Q2 25 | $2.1B | $-66.5M | ||
| Q1 25 | $2.1B | $-75.7M | ||
| Q4 24 | $2.1B | $-41.7M | ||
| Q3 24 | $2.1B | $-50.8M | ||
| Q2 24 | $2.0B | $-77.7M |
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.8B | $1.5B | ||
| Q3 25 | $2.7B | $1.4B | ||
| Q2 25 | $2.6B | $1.3B | ||
| Q1 25 | $2.6B | $1.3B | ||
| Q4 24 | $2.6B | $1.4B | ||
| Q3 24 | $2.6B | $1.3B | ||
| Q2 24 | $2.6B | $1.2B |
| 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 | — | $51.0M |
| Free Cash FlowOCF − Capex | — | $50.7M |
| FCF MarginFCF / Revenue | — | 21.2% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | — | $138.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $76.1M | $51.0M | ||
| Q3 25 | $104.7M | $46.2M | ||
| Q2 25 | $37.5M | $50.3M | ||
| Q1 25 | $10.9M | $-7.4M | ||
| Q4 24 | $54.2M | $44.0M | ||
| Q3 24 | $62.2M | $18.9M | ||
| Q2 24 | $147.0M | $-14.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | $50.7M | ||
| Q3 25 | — | $46.1M | ||
| Q2 25 | — | $49.3M | ||
| Q1 25 | — | $-8.1M | ||
| Q4 24 | — | $43.2M | ||
| Q3 24 | — | $18.7M | ||
| Q2 24 | — | $-122.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | 21.2% | ||
| Q3 25 | — | 20.5% | ||
| Q2 25 | — | 22.9% | ||
| Q1 25 | — | -3.9% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | -0.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.31× | 4.31× | ||
| Q3 25 | 2.86× | 16.57× | ||
| 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% |
WK
| License And Service | $219.3M | 92% |
| XBRL Professional Services | $16.4M | 7% |
| Other Services | $3.2M | 1% |
