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Side-by-side financial comparison of Ramaco Resources, Inc. (METC) and BRC Group Holdings, Inc. (RILY). Click either name above to swap in a different company.

BRC Group Holdings, Inc. is the larger business by last-quarter revenue ($188.3M vs $121.0M, roughly 1.6× Ramaco Resources, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs -11.0%, a 58.9% gap on every dollar of revenue. On growth, BRC Group Holdings, Inc. posted the faster year-over-year revenue change (-21.9% vs -27.7%). Over the past eight quarters, BRC Group Holdings, Inc.'s revenue compounded faster (-15.4% 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 RILY — Head-to-Head

Bigger by revenue
RILY
RILY
1.6× larger
RILY
$188.3M
$121.0M
METC
Growing faster (revenue YoY)
RILY
RILY
+5.9% gap
RILY
-21.9%
-27.7%
METC
Higher net margin
RILY
RILY
58.9% more per $
RILY
47.9%
-11.0%
METC
Faster 2-yr revenue CAGR
RILY
RILY
Annualised
RILY
-15.4%
-22.7%
METC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
METC
METC
RILY
RILY
Revenue
$121.0M
$188.3M
Net Profit
$-13.3M
$90.3M
Gross Margin
15.8%
79.5%
Operating Margin
-12.0%
32.3%
Net Margin
-11.0%
47.9%
Revenue YoY
-27.7%
-21.9%
Net Profit YoY
-5468.2%
1710.8%
EPS (diluted)
$2.78

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
RILY
RILY
Q4 25
$188.3M
Q3 25
$121.0M
$215.3M
Q2 25
$153.0M
$188.2M
Q1 25
$134.7M
$197.2M
Q4 24
$170.9M
$241.0M
Q3 24
$167.4M
$225.5M
Q2 24
$155.3M
$256.0M
Q1 24
$172.7M
$263.4M
Net Profit
METC
METC
RILY
RILY
Q4 25
$90.3M
Q3 25
$-13.3M
$91.1M
Q2 25
$-14.0M
$139.5M
Q1 25
$-9.5M
$-10.0M
Q4 24
$3.9M
$-5.6M
Q3 24
$-239.0K
$-284.4M
Q2 24
$5.5M
$-433.6M
Q1 24
$2.0M
$-49.2M
Gross Margin
METC
METC
RILY
RILY
Q4 25
79.5%
Q3 25
15.8%
83.7%
Q2 25
12.3%
81.3%
Q1 25
15.2%
81.4%
Q4 24
20.4%
79.8%
Q3 24
19.5%
82.1%
Q2 24
21.0%
84.5%
Q1 24
19.1%
85.3%
Operating Margin
METC
METC
RILY
RILY
Q4 25
32.3%
Q3 25
-12.0%
30.4%
Q2 25
-9.1%
5.7%
Q1 25
-8.9%
-31.2%
Q4 24
3.7%
-69.2%
Q3 24
1.0%
-36.4%
Q2 24
3.5%
-90.8%
Q1 24
1.9%
-6.1%
Net Margin
METC
METC
RILY
RILY
Q4 25
47.9%
Q3 25
-11.0%
42.3%
Q2 25
-9.1%
74.1%
Q1 25
-7.0%
-5.1%
Q4 24
2.3%
-2.3%
Q3 24
-0.1%
-126.1%
Q2 24
3.6%
-169.4%
Q1 24
1.2%
-18.7%
EPS (diluted)
METC
METC
RILY
RILY
Q4 25
$2.78
Q3 25
$2.91
Q2 25
$4.50
Q1 25
$-0.39
Q4 24
$0.06
$-0.01
Q3 24
$-0.03
$-9.39
Q2 24
$0.08
$-14.35
Q1 24
$0.00
$-1.71

Balance Sheet & Financial Strength

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

Metric
METC
METC
RILY
RILY
Cash + ST InvestmentsLiquidity on hand
$193.8M
$226.6M
Total DebtLower is stronger
$116.3M
$1.4B
Stockholders' EquityBook value
$526.9M
$-171.5M
Total Assets
$849.7M
$1.7B
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
METC
METC
RILY
RILY
Q4 25
$226.6M
Q3 25
$193.8M
$184.2M
Q2 25
$28.1M
$267.4M
Q1 25
$43.5M
$138.3M
Q4 24
$33.0M
$146.9M
Q3 24
$22.9M
$159.2M
Q2 24
$27.6M
$236.9M
Q1 24
$30.5M
$190.7M
Total Debt
METC
METC
RILY
RILY
Q4 25
$1.4B
Q3 25
$116.3M
$1.3B
Q2 25
$1.3B
Q1 25
$1.4B
Q4 24
$88.2M
$1.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
METC
METC
RILY
RILY
Q4 25
$-171.5M
Q3 25
$526.9M
$-260.5M
Q2 25
$347.4M
$-351.7M
Q1 25
$355.2M
$-496.8M
Q4 24
$362.8M
$-488.2M
Q3 24
$361.8M
$-497.6M
Q2 24
$366.1M
$-218.3M
Q1 24
$372.3M
$228.4M
Total Assets
METC
METC
RILY
RILY
Q4 25
$1.7B
Q3 25
$849.7M
$1.7B
Q2 25
$674.6M
$1.5B
Q1 25
$685.7M
$1.5B
Q4 24
$674.7M
$1.8B
Q3 24
$645.4M
$2.2B
Q2 24
$659.2M
$3.2B
Q1 24
$674.0M
$5.0B
Debt / Equity
METC
METC
RILY
RILY
Q4 25
Q3 25
0.22×
Q2 25
Q1 25
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
RILY
RILY
Operating Cash FlowLast quarter
$-1.4M
$26.2M
Free Cash FlowOCF − Capex
$-17.5M
FCF MarginFCF / Revenue
-14.5%
Capex IntensityCapex / Revenue
13.3%
Cash ConversionOCF / Net Profit
0.29×
TTM Free Cash FlowTrailing 4 quarters
$-24.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
METC
METC
RILY
RILY
Q4 25
$26.2M
Q3 25
$-1.4M
$-60.6M
Q2 25
$-4.3M
$-25.6M
Q1 25
$26.0M
$184.0K
Q4 24
$15.7M
$-2.7M
Q3 24
$37.4M
$19.5M
Q2 24
$34.4M
$111.5M
Q1 24
$25.2M
$135.4M
Free Cash Flow
METC
METC
RILY
RILY
Q4 25
Q3 25
$-17.5M
Q2 25
$-19.8M
Q1 25
$7.6M
Q4 24
$5.1M
Q3 24
$25.6M
Q2 24
$20.3M
Q1 24
$6.5M
FCF Margin
METC
METC
RILY
RILY
Q4 25
Q3 25
-14.5%
Q2 25
-13.0%
Q1 25
5.6%
Q4 24
3.0%
Q3 24
15.3%
Q2 24
13.1%
Q1 24
3.7%
Capex Intensity
METC
METC
RILY
RILY
Q4 25
Q3 25
13.3%
Q2 25
10.2%
Q1 25
13.7%
Q4 24
6.2%
Q3 24
7.0%
Q2 24
9.1%
Q1 24
10.8%
Cash Conversion
METC
METC
RILY
RILY
Q4 25
0.29×
Q3 25
-0.66×
Q2 25
-0.18×
Q1 25
Q4 24
4.06×
Q3 24
Q2 24
6.21×
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%

RILY
RILY

Transferred At Point In Time$101.4M54%
Wealth Management Segment$30.7M16%
Corporate Finance Consulting And Investment Banking Fees$27.1M14%
Services And Fees$24.8M13%
Commissions Fees And Reimbursed Expenses$4.8M3%

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