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Side-by-side financial comparison of Ramaco Resources, Inc. (METC) and Ouster, Inc. (OUST). Click either name above to swap in a different company.
Ramaco Resources, Inc. is the larger business by last-quarter revenue ($121.0M vs $48.6M, roughly 2.5× Ouster, Inc.). Ouster, Inc. runs the higher net margin — 8.2% vs -11.0%, a 19.2% gap on every dollar of revenue. On growth, Ouster, Inc. posted the faster year-over-year revenue change (48.9% vs -27.7%). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (34.2% 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.
Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.
METC vs OUST — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $121.0M | $48.6M |
| Net Profit | $-13.3M | $4.0M |
| Gross Margin | 15.8% | 42.9% |
| Operating Margin | -12.0% | 17.6% |
| Net Margin | -11.0% | 8.2% |
| Revenue YoY | -27.7% | 48.9% |
| Net Profit YoY | -5468.2% | — |
| EPS (diluted) | — | $0.06 |
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 | — | $48.6M | ||
| Q4 25 | — | $62.2M | ||
| Q3 25 | $121.0M | $39.5M | ||
| Q2 25 | $153.0M | $35.0M | ||
| Q1 25 | $134.7M | $32.6M | ||
| Q4 24 | $170.9M | $30.1M | ||
| Q3 24 | $167.4M | $28.1M | ||
| Q2 24 | $155.3M | $27.0M |
| Q1 26 | — | $4.0M | ||
| Q4 25 | — | — | ||
| Q3 25 | $-13.3M | $-21.7M | ||
| Q2 25 | $-14.0M | $-20.6M | ||
| Q1 25 | $-9.5M | $-22.0M | ||
| Q4 24 | $3.9M | — | ||
| Q3 24 | $-239.0K | $-25.6M | ||
| Q2 24 | $5.5M | $-23.9M |
| Q1 26 | — | 42.9% | ||
| Q4 25 | — | 60.2% | ||
| Q3 25 | 15.8% | 42.1% | ||
| Q2 25 | 12.3% | 45.2% | ||
| Q1 25 | 15.2% | 41.3% | ||
| Q4 24 | 20.4% | 43.8% | ||
| Q3 24 | 19.5% | 38.3% | ||
| Q2 24 | 21.0% | 33.7% |
| Q1 26 | — | 17.6% | ||
| Q4 25 | — | 1.5% | ||
| Q3 25 | -12.0% | -61.4% | ||
| Q2 25 | -9.1% | -76.5% | ||
| Q1 25 | -8.9% | -73.0% | ||
| Q4 24 | 3.7% | -85.1% | ||
| Q3 24 | 1.0% | -98.0% | ||
| Q2 24 | 3.5% | -93.6% |
| Q1 26 | — | 8.2% | ||
| Q4 25 | — | — | ||
| Q3 25 | -11.0% | -55.0% | ||
| Q2 25 | -9.1% | -58.8% | ||
| Q1 25 | -7.0% | -67.5% | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | -0.1% | -91.1% | ||
| Q2 24 | 3.6% | -88.4% |
| Q1 26 | — | $0.06 | ||
| Q4 25 | — | $0.10 | ||
| Q3 25 | — | $-0.37 | ||
| Q2 25 | — | $-0.38 | ||
| Q1 25 | — | $-0.42 | ||
| Q4 24 | $0.06 | $-0.46 | ||
| Q3 24 | $-0.03 | $-0.54 | ||
| Q2 24 | $0.08 | $-0.53 |
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 | $173.1M |
| Total DebtLower is stronger | $116.3M | — |
| Stockholders' EquityBook value | $526.9M | $275.6M |
| Total Assets | $849.7M | $381.5M |
| Debt / EquityLower = less leverage | 0.22× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $173.1M | ||
| Q4 25 | — | $208.6M | ||
| Q3 25 | $193.8M | $244.5M | ||
| Q2 25 | $28.1M | $226.5M | ||
| Q1 25 | $43.5M | $168.2M | ||
| Q4 24 | $33.0M | $172.0M | ||
| Q3 24 | $22.9M | $151.4M | ||
| Q2 24 | $27.6M | $184.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $116.3M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $88.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $275.6M | ||
| Q4 25 | — | $261.7M | ||
| Q3 25 | $526.9M | $247.4M | ||
| Q2 25 | $347.4M | $221.0M | ||
| Q1 25 | $355.2M | $167.9M | ||
| Q4 24 | $362.8M | $180.9M | ||
| Q3 24 | $361.8M | $171.7M | ||
| Q2 24 | $366.1M | $170.6M |
| Q1 26 | — | $381.5M | ||
| Q4 25 | — | $349.5M | ||
| Q3 25 | $849.7M | $353.8M | ||
| Q2 25 | $674.6M | $321.8M | ||
| Q1 25 | $685.7M | $268.6M | ||
| Q4 24 | $674.7M | $276.1M | ||
| Q3 24 | $645.4M | $255.2M | ||
| Q2 24 | $659.2M | $309.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.22× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.24× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| Free Cash FlowOCF − Capex | $-17.5M | — |
| FCF MarginFCF / Revenue | -14.5% | — |
| Capex IntensityCapex / Revenue | 13.3% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-24.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $-15.4M | ||
| Q3 25 | $-1.4M | $-18.3M | ||
| Q2 25 | $-4.3M | $-1.3M | ||
| Q1 25 | $26.0M | $-4.9M | ||
| Q4 24 | $15.7M | $-2.6M | ||
| Q3 24 | $37.4M | $-3.8M | ||
| Q2 24 | $34.4M | $-21.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-37.2M | ||
| Q3 25 | $-17.5M | $-20.0M | ||
| Q2 25 | $-19.8M | $-2.2M | ||
| Q1 25 | $7.6M | $-5.4M | ||
| Q4 24 | $5.1M | $-4.0M | ||
| Q3 24 | $25.6M | $-4.3M | ||
| Q2 24 | $20.3M | $-22.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -59.8% | ||
| Q3 25 | -14.5% | -50.7% | ||
| Q2 25 | -13.0% | -6.3% | ||
| Q1 25 | 5.6% | -16.6% | ||
| Q4 24 | 3.0% | -13.3% | ||
| Q3 24 | 15.3% | -15.4% | ||
| Q2 24 | 13.1% | -81.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 35.0% | ||
| Q3 25 | 13.3% | 4.3% | ||
| Q2 25 | 10.2% | 2.5% | ||
| Q1 25 | 13.7% | 1.7% | ||
| Q4 24 | 6.2% | 4.8% | ||
| Q3 24 | 7.0% | 2.0% | ||
| Q2 24 | 9.1% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.06× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 6.21× | — |
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% |
OUST
| Product revenue | $48.2M | 99% |
| Royalties | $347.0K | 1% |
