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Side-by-side financial comparison of Ramaco Resources, Inc. (METC) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.

Ramaco Resources, Inc. is the larger business by last-quarter revenue ($121.0M vs $71.1M, roughly 1.7× RE/MAX Holdings, Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -11.0%, a 13.0% gap on every dollar of revenue. On growth, RE/MAX Holdings, Inc. posted the faster year-over-year revenue change (-1.8% vs -27.7%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $-17.5M). Over the past eight quarters, RE/MAX Holdings, Inc.'s revenue compounded faster (-4.7% 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.

RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.

METC vs RMAX — Head-to-Head

Bigger by revenue
METC
METC
1.7× larger
METC
$121.0M
$71.1M
RMAX
Growing faster (revenue YoY)
RMAX
RMAX
+25.9% gap
RMAX
-1.8%
-27.7%
METC
Higher net margin
RMAX
RMAX
13.0% more per $
RMAX
2.0%
-11.0%
METC
More free cash flow
RMAX
RMAX
$51.0M more FCF
RMAX
$33.5M
$-17.5M
METC
Faster 2-yr revenue CAGR
RMAX
RMAX
Annualised
RMAX
-4.7%
-22.7%
METC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
METC
METC
RMAX
RMAX
Revenue
$121.0M
$71.1M
Net Profit
$-13.3M
$1.4M
Gross Margin
15.8%
Operating Margin
-12.0%
13.1%
Net Margin
-11.0%
2.0%
Revenue YoY
-27.7%
-1.8%
Net Profit YoY
-5468.2%
-75.2%
EPS (diluted)

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
RMAX
RMAX
Q4 25
$71.1M
Q3 25
$121.0M
$73.2M
Q2 25
$153.0M
$72.8M
Q1 25
$134.7M
$74.5M
Q4 24
$170.9M
$72.5M
Q3 24
$167.4M
$78.5M
Q2 24
$155.3M
$78.5M
Q1 24
$172.7M
$78.3M
Net Profit
METC
METC
RMAX
RMAX
Q4 25
$1.4M
Q3 25
$-13.3M
$4.0M
Q2 25
$-14.0M
$4.7M
Q1 25
$-9.5M
$-2.0M
Q4 24
$3.9M
$5.8M
Q3 24
$-239.0K
$966.0K
Q2 24
$5.5M
$3.7M
Q1 24
$2.0M
$-3.4M
Gross Margin
METC
METC
RMAX
RMAX
Q4 25
Q3 25
15.8%
Q2 25
12.3%
Q1 25
15.2%
Q4 24
20.4%
Q3 24
19.5%
Q2 24
21.0%
Q1 24
19.1%
Operating Margin
METC
METC
RMAX
RMAX
Q4 25
13.1%
Q3 25
-12.0%
25.0%
Q2 25
-9.1%
19.3%
Q1 25
-8.9%
7.2%
Q4 24
3.7%
5.9%
Q3 24
1.0%
19.4%
Q2 24
3.5%
20.6%
Q1 24
1.9%
5.8%
Net Margin
METC
METC
RMAX
RMAX
Q4 25
2.0%
Q3 25
-11.0%
5.4%
Q2 25
-9.1%
6.4%
Q1 25
-7.0%
-2.6%
Q4 24
2.3%
8.0%
Q3 24
-0.1%
1.2%
Q2 24
3.6%
4.7%
Q1 24
1.2%
-4.3%
EPS (diluted)
METC
METC
RMAX
RMAX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0.06
Q3 24
$-0.03
Q2 24
$0.08
Q1 24
$0.00

Balance Sheet & Financial Strength

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

Metric
METC
METC
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$193.8M
$118.7M
Total DebtLower is stronger
$116.3M
$432.2M
Stockholders' EquityBook value
$526.9M
$452.4M
Total Assets
$849.7M
$582.5M
Debt / EquityLower = less leverage
0.22×
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
METC
METC
RMAX
RMAX
Q4 25
$118.7M
Q3 25
$193.8M
$107.5M
Q2 25
$28.1M
$94.3M
Q1 25
$43.5M
$89.1M
Q4 24
$33.0M
$96.6M
Q3 24
$22.9M
$83.8M
Q2 24
$27.6M
$66.1M
Q1 24
$30.5M
$82.1M
Total Debt
METC
METC
RMAX
RMAX
Q4 25
$432.2M
Q3 25
$116.3M
$433.3M
Q2 25
$434.4M
Q1 25
$435.3M
Q4 24
$88.2M
$436.2M
Q3 24
$437.2M
Q2 24
$438.1M
Q1 24
$439.0M
Stockholders' Equity
METC
METC
RMAX
RMAX
Q4 25
$452.4M
Q3 25
$526.9M
$448.1M
Q2 25
$347.4M
$442.4M
Q1 25
$355.2M
$433.5M
Q4 24
$362.8M
$429.5M
Q3 24
$361.8M
$423.1M
Q2 24
$366.1M
$418.4M
Q1 24
$372.3M
$412.0M
Total Assets
METC
METC
RMAX
RMAX
Q4 25
$582.5M
Q3 25
$849.7M
$582.2M
Q2 25
$674.6M
$574.8M
Q1 25
$685.7M
$571.4M
Q4 24
$674.7M
$581.6M
Q3 24
$645.4M
$578.6M
Q2 24
$659.2M
$571.4M
Q1 24
$674.0M
$566.7M
Debt / Equity
METC
METC
RMAX
RMAX
Q4 25
0.96×
Q3 25
0.22×
0.97×
Q2 25
0.98×
Q1 25
1.00×
Q4 24
0.24×
1.02×
Q3 24
1.03×
Q2 24
1.05×
Q1 24
1.07×

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
RMAX
RMAX
Operating Cash FlowLast quarter
$-1.4M
$40.9M
Free Cash FlowOCF − Capex
$-17.5M
$33.5M
FCF MarginFCF / Revenue
-14.5%
47.1%
Capex IntensityCapex / Revenue
13.3%
10.4%
Cash ConversionOCF / Net Profit
28.39×
TTM Free Cash FlowTrailing 4 quarters
$-24.7M
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
METC
METC
RMAX
RMAX
Q4 25
$40.9M
Q3 25
$-1.4M
$17.7M
Q2 25
$-4.3M
$4.6M
Q1 25
$26.0M
$5.7M
Q4 24
$15.7M
$59.7M
Q3 24
$37.4M
$17.6M
Q2 24
$34.4M
$15.9M
Q1 24
$25.2M
$9.4M
Free Cash Flow
METC
METC
RMAX
RMAX
Q4 25
$33.5M
Q3 25
$-17.5M
$16.4M
Q2 25
$-19.8M
$2.9M
Q1 25
$7.6M
$4.0M
Q4 24
$5.1M
$53.0M
Q3 24
$25.6M
$16.3M
Q2 24
$20.3M
$14.0M
Q1 24
$6.5M
$6.8M
FCF Margin
METC
METC
RMAX
RMAX
Q4 25
47.1%
Q3 25
-14.5%
22.4%
Q2 25
-13.0%
4.0%
Q1 25
5.6%
5.3%
Q4 24
3.0%
73.2%
Q3 24
15.3%
20.8%
Q2 24
13.1%
17.8%
Q1 24
3.7%
8.6%
Capex Intensity
METC
METC
RMAX
RMAX
Q4 25
10.4%
Q3 25
13.3%
1.8%
Q2 25
10.2%
2.2%
Q1 25
13.7%
2.3%
Q4 24
6.2%
9.1%
Q3 24
7.0%
1.7%
Q2 24
9.1%
2.4%
Q1 24
10.8%
3.3%
Cash Conversion
METC
METC
RMAX
RMAX
Q4 25
28.39×
Q3 25
4.45×
Q2 25
0.97×
Q1 25
Q4 24
4.06×
10.28×
Q3 24
18.22×
Q2 24
6.21×
4.29×
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%

RMAX
RMAX

Franchising Segment$50.1M70%
Broker Fees$13.9M20%
Annual Dues$7.4M10%

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