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Side-by-side financial comparison of Ramaco Resources, Inc. (METC) and PDF SOLUTIONS INC (PDFS). Click either name above to swap in a different company.

Ramaco Resources, Inc. is the larger business by last-quarter revenue ($121.0M vs $62.4M, roughly 1.9× PDF SOLUTIONS INC). PDF SOLUTIONS INC runs the higher net margin — -0.1% vs -11.0%, a 10.9% gap on every dollar of revenue. On growth, PDF SOLUTIONS INC posted the faster year-over-year revenue change (24.6% vs -27.7%). PDF SOLUTIONS INC produced more free cash flow last quarter ($7.5M vs $-17.5M). Over the past eight quarters, PDF SOLUTIONS INC's revenue compounded faster (22.9% 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.

PDF Solutions, Inc. is an American multinational software and engineering services company based in Santa Clara, California. The company is listed in the Nasdaq stock exchange under the ticker symbol PDFS.

METC vs PDFS — Head-to-Head

Bigger by revenue
METC
METC
1.9× larger
METC
$121.0M
$62.4M
PDFS
Growing faster (revenue YoY)
PDFS
PDFS
+52.3% gap
PDFS
24.6%
-27.7%
METC
Higher net margin
PDFS
PDFS
10.9% more per $
PDFS
-0.1%
-11.0%
METC
More free cash flow
PDFS
PDFS
$25.1M more FCF
PDFS
$7.5M
$-17.5M
METC
Faster 2-yr revenue CAGR
PDFS
PDFS
Annualised
PDFS
22.9%
-22.7%
METC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
METC
METC
PDFS
PDFS
Revenue
$121.0M
$62.4M
Net Profit
$-13.3M
$-48.0K
Gross Margin
15.8%
72.9%
Operating Margin
-12.0%
5.5%
Net Margin
-11.0%
-0.1%
Revenue YoY
-27.7%
24.6%
Net Profit YoY
-5468.2%
-108.9%
EPS (diluted)
$0.00

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.

Revenue
METC
METC
PDFS
PDFS
Q4 25
$62.4M
Q3 25
$121.0M
$57.1M
Q2 25
$153.0M
$51.7M
Q1 25
$134.7M
$47.8M
Q4 24
$170.9M
$50.1M
Q3 24
$167.4M
$46.4M
Q2 24
$155.3M
$41.7M
Q1 24
$172.7M
$41.3M
Net Profit
METC
METC
PDFS
PDFS
Q4 25
$-48.0K
Q3 25
$-13.3M
$1.3M
Q2 25
$-14.0M
$1.1M
Q1 25
$-9.5M
$-3.0M
Q4 24
$3.9M
$539.0K
Q3 24
$-239.0K
$2.2M
Q2 24
$5.5M
$1.7M
Q1 24
$2.0M
$-393.0K
Gross Margin
METC
METC
PDFS
PDFS
Q4 25
72.9%
Q3 25
15.8%
72.3%
Q2 25
12.3%
71.2%
Q1 25
15.2%
72.9%
Q4 24
20.4%
68.3%
Q3 24
19.5%
73.1%
Q2 24
21.0%
70.6%
Q1 24
19.1%
67.3%
Operating Margin
METC
METC
PDFS
PDFS
Q4 25
5.5%
Q3 25
-12.0%
8.5%
Q2 25
-9.1%
2.2%
Q1 25
-8.9%
-7.4%
Q4 24
3.7%
1.0%
Q3 24
1.0%
4.6%
Q2 24
3.5%
0.6%
Q1 24
1.9%
-4.7%
Net Margin
METC
METC
PDFS
PDFS
Q4 25
-0.1%
Q3 25
-11.0%
2.3%
Q2 25
-9.1%
2.2%
Q1 25
-7.0%
-6.3%
Q4 24
2.3%
1.1%
Q3 24
-0.1%
4.8%
Q2 24
3.6%
4.1%
Q1 24
1.2%
-1.0%
EPS (diluted)
METC
METC
PDFS
PDFS
Q4 25
$0.00
Q3 25
$0.03
Q2 25
$0.03
Q1 25
$-0.08
Q4 24
$0.06
$0.01
Q3 24
$-0.03
$0.06
Q2 24
$0.08
$0.04
Q1 24
$0.00
$-0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
METC
METC
PDFS
PDFS
Cash + ST InvestmentsLiquidity on hand
$193.8M
$42.2M
Total DebtLower is stronger
$116.3M
$67.0M
Stockholders' EquityBook value
$526.9M
$271.0M
Total Assets
$849.7M
$418.7M
Debt / EquityLower = less leverage
0.22×
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
METC
METC
PDFS
PDFS
Q4 25
$42.2M
Q3 25
$193.8M
$35.9M
Q2 25
$28.1M
$40.4M
Q1 25
$43.5M
$54.1M
Q4 24
$33.0M
$114.9M
Q3 24
$22.9M
$120.2M
Q2 24
$27.6M
$117.9M
Q1 24
$30.5M
$122.9M
Total Debt
METC
METC
PDFS
PDFS
Q4 25
$67.0M
Q3 25
$116.3M
$67.6M
Q2 25
$68.1M
Q1 25
$68.7M
Q4 24
$88.2M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
METC
METC
PDFS
PDFS
Q4 25
$271.0M
Q3 25
$526.9M
$264.4M
Q2 25
$347.4M
$257.5M
Q1 25
$355.2M
$249.0M
Q4 24
$362.8M
$246.0M
Q3 24
$361.8M
$240.5M
Q2 24
$366.1M
$232.2M
Q1 24
$372.3M
$225.4M
Total Assets
METC
METC
PDFS
PDFS
Q4 25
$418.7M
Q3 25
$849.7M
$406.4M
Q2 25
$674.6M
$391.1M
Q1 25
$685.7M
$390.0M
Q4 24
$674.7M
$315.3M
Q3 24
$645.4M
$307.4M
Q2 24
$659.2M
$298.0M
Q1 24
$674.0M
$286.8M
Debt / Equity
METC
METC
PDFS
PDFS
Q4 25
0.25×
Q3 25
0.22×
0.26×
Q2 25
0.26×
Q1 25
0.28×
Q4 24
0.24×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
METC
METC
PDFS
PDFS
Operating Cash FlowLast quarter
$-1.4M
$17.3M
Free Cash FlowOCF − Capex
$-17.5M
$7.5M
FCF MarginFCF / Revenue
-14.5%
12.1%
Capex IntensityCapex / Revenue
13.3%
15.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-24.7M
$-8.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
METC
METC
PDFS
PDFS
Q4 25
$17.3M
Q3 25
$-1.4M
$3.3M
Q2 25
$-4.3M
$-5.2M
Q1 25
$26.0M
$8.6M
Q4 24
$15.7M
$1.6M
Q3 24
$37.4M
$9.3M
Q2 24
$34.4M
$684.0K
Q1 24
$25.2M
$-1.9M
Free Cash Flow
METC
METC
PDFS
PDFS
Q4 25
$7.5M
Q3 25
$-17.5M
$-2.9M
Q2 25
$-19.8M
$-13.8M
Q1 25
$7.6M
$535.0K
Q4 24
$5.1M
$-4.0M
Q3 24
$25.6M
$5.1M
Q2 24
$20.3M
$-4.6M
Q1 24
$6.5M
$-3.9M
FCF Margin
METC
METC
PDFS
PDFS
Q4 25
12.1%
Q3 25
-14.5%
-5.1%
Q2 25
-13.0%
-26.6%
Q1 25
5.6%
1.1%
Q4 24
3.0%
-8.0%
Q3 24
15.3%
11.0%
Q2 24
13.1%
-11.1%
Q1 24
3.7%
-9.4%
Capex Intensity
METC
METC
PDFS
PDFS
Q4 25
15.7%
Q3 25
13.3%
10.8%
Q2 25
10.2%
16.5%
Q1 25
13.7%
17.0%
Q4 24
6.2%
11.3%
Q3 24
7.0%
9.0%
Q2 24
9.1%
12.8%
Q1 24
10.8%
4.9%
Cash Conversion
METC
METC
PDFS
PDFS
Q4 25
Q3 25
2.54×
Q2 25
-4.55×
Q1 25
Q4 24
4.06×
2.98×
Q3 24
4.20×
Q2 24
6.21×
0.40×
Q1 24
12.40×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

METC
METC

Export Coal Revenues$73.0M60%
Domestic Coal Revenues$48.0M40%

PDFS
PDFS

Volumebased$38.0M61%
Other$24.4M39%

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