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Side-by-side financial comparison of Ramaco Resources, Inc. (METC) and Metallus Inc. (MTUS). Click either name above to swap in a different company.
Metallus Inc. is the larger business by last-quarter revenue ($267.3M vs $121.0M, roughly 2.2× Ramaco Resources, Inc.). Metallus Inc. runs the higher net margin — -5.3% vs -11.0%, a 5.6% gap on every dollar of revenue. On growth, Metallus Inc. posted the faster year-over-year revenue change (11.1% vs -27.7%). Ramaco Resources, Inc. produced more free cash flow last quarter ($-17.5M vs $-37.2M). Over the past eight quarters, Metallus Inc.'s revenue compounded faster (-8.8% CAGR vs -22.7%).
Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.
METC vs MTUS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $121.0M | $267.3M |
| Net Profit | $-13.3M | $-14.3M |
| Gross Margin | 15.8% | 2.2% |
| Operating Margin | -12.0% | -7.7% |
| Net Margin | -11.0% | -5.3% |
| Revenue YoY | -27.7% | 11.1% |
| Net Profit YoY | -5468.2% | 33.2% |
| EPS (diluted) | — | $-0.34 |
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 | — | $267.3M | ||
| Q3 25 | $121.0M | $305.9M | ||
| Q2 25 | $153.0M | $304.6M | ||
| Q1 25 | $134.7M | $280.5M | ||
| Q4 24 | $170.9M | $240.5M | ||
| Q3 24 | $167.4M | $227.2M | ||
| Q2 24 | $155.3M | $294.7M | ||
| Q1 24 | $172.7M | $321.6M |
| Q4 25 | — | $-14.3M | ||
| Q3 25 | $-13.3M | $8.1M | ||
| Q2 25 | $-14.0M | $3.7M | ||
| Q1 25 | $-9.5M | $1.3M | ||
| Q4 24 | $3.9M | $-21.4M | ||
| Q3 24 | $-239.0K | $-5.9M | ||
| Q2 24 | $5.5M | $4.6M | ||
| Q1 24 | $2.0M | $24.0M |
| Q4 25 | — | 2.2% | ||
| Q3 25 | 15.8% | 11.4% | ||
| Q2 25 | 12.3% | 10.6% | ||
| Q1 25 | 15.2% | 7.8% | ||
| Q4 24 | 20.4% | 4.5% | ||
| Q3 24 | 19.5% | 5.3% | ||
| Q2 24 | 21.0% | 8.2% | ||
| Q1 24 | 19.1% | 15.7% |
| Q4 25 | — | -7.7% | ||
| Q3 25 | -12.0% | 3.6% | ||
| Q2 25 | -9.1% | 2.8% | ||
| Q1 25 | -8.9% | 1.0% | ||
| Q4 24 | 3.7% | -10.1% | ||
| Q3 24 | 1.0% | -3.1% | ||
| Q2 24 | 3.5% | 2.1% | ||
| Q1 24 | 1.9% | 9.3% |
| Q4 25 | — | -5.3% | ||
| Q3 25 | -11.0% | 2.6% | ||
| Q2 25 | -9.1% | 1.2% | ||
| Q1 25 | -7.0% | 0.5% | ||
| Q4 24 | 2.3% | -8.9% | ||
| Q3 24 | -0.1% | -2.6% | ||
| Q2 24 | 3.6% | 1.6% | ||
| Q1 24 | 1.2% | 7.5% |
| Q4 25 | — | $-0.34 | ||
| Q3 25 | — | $0.19 | ||
| Q2 25 | — | $0.09 | ||
| Q1 25 | — | $0.03 | ||
| Q4 24 | $0.06 | $-0.46 | ||
| Q3 24 | $-0.03 | $-0.13 | ||
| Q2 24 | $0.08 | $0.10 | ||
| Q1 24 | $0.00 | $0.52 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $193.8M | $156.7M |
| Total DebtLower is stronger | $116.3M | — |
| Stockholders' EquityBook value | $526.9M | $686.0M |
| Total Assets | $849.7M | $1.1B |
| Debt / EquityLower = less leverage | 0.22× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $156.7M | ||
| Q3 25 | $193.8M | $191.5M | ||
| Q2 25 | $28.1M | $190.8M | ||
| Q1 25 | $43.5M | $180.3M | ||
| Q4 24 | $33.0M | $240.7M | ||
| Q3 24 | $22.9M | $254.6M | ||
| Q2 24 | $27.6M | $272.8M | ||
| Q1 24 | $30.5M | $278.1M |
| Q4 25 | — | — | ||
| Q3 25 | $116.3M | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | $88.2M | $5.4M | ||
| Q3 24 | — | $13.2M | ||
| Q2 24 | — | $13.2M | ||
| Q1 24 | — | $13.2M |
| Q4 25 | — | $686.0M | ||
| Q3 25 | $526.9M | $697.7M | ||
| Q2 25 | $347.4M | $690.0M | ||
| Q1 25 | $355.2M | $686.1M | ||
| Q4 24 | $362.8M | $690.5M | ||
| Q3 24 | $361.8M | $712.7M | ||
| Q2 24 | $366.1M | $736.3M | ||
| Q1 24 | $372.3M | $739.3M |
| Q4 25 | — | $1.1B | ||
| Q3 25 | $849.7M | $1.2B | ||
| Q2 25 | $674.6M | $1.1B | ||
| Q1 25 | $685.7M | $1.1B | ||
| Q4 24 | $674.7M | $1.1B | ||
| Q3 24 | $645.4M | $1.1B | ||
| Q2 24 | $659.2M | $1.1B | ||
| Q1 24 | $674.0M | $1.2B |
| Q4 25 | — | — | ||
| Q3 25 | 0.22× | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | 0.24× | 0.01× | ||
| Q3 24 | — | 0.02× | ||
| Q2 24 | — | 0.02× | ||
| Q1 24 | — | 0.02× |
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 | $-1.4M | $-1.9M |
| Free Cash FlowOCF − Capex | $-17.5M | $-37.2M |
| FCF MarginFCF / Revenue | -14.5% | -13.9% |
| Capex IntensityCapex / Revenue | 13.3% | 13.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-24.7M | $-93.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-1.9M | ||
| Q3 25 | $-1.4M | $22.0M | ||
| Q2 25 | $-4.3M | $34.8M | ||
| Q1 25 | $26.0M | $-38.9M | ||
| Q4 24 | $15.7M | $13.9M | ||
| Q3 24 | $37.4M | $-15.3M | ||
| Q2 24 | $34.4M | $8.3M | ||
| Q1 24 | $25.2M | $33.4M |
| Q4 25 | — | $-37.2M | ||
| Q3 25 | $-17.5M | $-6.4M | ||
| Q2 25 | $-19.8M | $17.0M | ||
| Q1 25 | $7.6M | $-66.4M | ||
| Q4 24 | $5.1M | $-1.3M | ||
| Q3 24 | $25.6M | $-32.9M | ||
| Q2 24 | $20.3M | $-5.8M | ||
| Q1 24 | $6.5M | $16.0M |
| Q4 25 | — | -13.9% | ||
| Q3 25 | -14.5% | -2.1% | ||
| Q2 25 | -13.0% | 5.6% | ||
| Q1 25 | 5.6% | -23.7% | ||
| Q4 24 | 3.0% | -0.5% | ||
| Q3 24 | 15.3% | -14.5% | ||
| Q2 24 | 13.1% | -2.0% | ||
| Q1 24 | 3.7% | 5.0% |
| Q4 25 | — | 13.2% | ||
| Q3 25 | 13.3% | 9.3% | ||
| Q2 25 | 10.2% | 5.8% | ||
| Q1 25 | 13.7% | 9.8% | ||
| Q4 24 | 6.2% | 6.3% | ||
| Q3 24 | 7.0% | 7.7% | ||
| Q2 24 | 9.1% | 4.8% | ||
| Q1 24 | 10.8% | 5.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.72× | ||
| Q2 25 | — | 9.41× | ||
| Q1 25 | — | -29.92× | ||
| Q4 24 | 4.06× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 6.21× | 1.80× | ||
| Q1 24 | 12.40× | 1.39× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
MTUS
| Industrial Market Sector | $95.3M | 36% |
| Manufactured Components | $67.8M | 25% |
| Aerospace And Defense | $39.6M | 15% |
| Seamless Mechanical Tubing | $31.3M | 12% |
| Energy Market Sector | $18.3M | 7% |
| Other | $11.3M | 4% |
| Other Market Sector | $3.7M | 1% |
