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Side-by-side financial comparison of Ramaco Resources, Inc. (METC) and Repay Holdings Corp (RPAY). Click either name above to swap in a different company.
Ramaco Resources, Inc. is the larger business by last-quarter revenue ($121.0M vs $78.6M, roughly 1.5× Repay Holdings Corp). Ramaco Resources, Inc. runs the higher net margin — -11.0% vs -178.3%, a 167.3% gap on every dollar of revenue. On growth, Repay Holdings Corp posted the faster year-over-year revenue change (0.4% vs -27.7%). Repay Holdings Corp produced more free cash flow last quarter ($23.2M vs $-17.5M). Over the past eight quarters, Repay Holdings Corp's revenue compounded faster (-1.3% 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.
Repay Holdings Corp is a leading payment technology provider delivering integrated end-to-end payment processing solutions for businesses across North America. Its offerings include credit/debit card processing, ACH transfer services, POS system integrations and digital payment tools, serving retail, healthcare, automotive and e-commerce segments to help clients streamline transaction workflows and boost operational efficiency.
METC vs RPAY — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $121.0M | $78.6M |
| Net Profit | $-13.3M | $-140.1M |
| Gross Margin | 15.8% | 74.2% |
| Operating Margin | -12.0% | -182.2% |
| Net Margin | -11.0% | -178.3% |
| Revenue YoY | -27.7% | 0.4% |
| Net Profit YoY | -5468.2% | -3304.1% |
| EPS (diluted) | — | $-1.68 |
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 | — | $78.6M | ||
| Q3 25 | $121.0M | $77.7M | ||
| Q2 25 | $153.0M | $75.6M | ||
| Q1 25 | $134.7M | $77.3M | ||
| Q4 24 | $170.9M | $78.3M | ||
| Q3 24 | $167.4M | $79.1M | ||
| Q2 24 | $155.3M | $74.9M | ||
| Q1 24 | $172.7M | $80.7M |
| Q4 25 | — | $-140.1M | ||
| Q3 25 | $-13.3M | $-6.4M | ||
| Q2 25 | $-14.0M | $-102.3M | ||
| Q1 25 | $-9.5M | $-7.9M | ||
| Q4 24 | $3.9M | $-4.1M | ||
| Q3 24 | $-239.0K | $3.2M | ||
| Q2 24 | $5.5M | $-4.1M | ||
| Q1 24 | $2.0M | $-5.2M |
| Q4 25 | — | 74.2% | ||
| Q3 25 | 15.8% | 74.4% | ||
| Q2 25 | 12.3% | 75.7% | ||
| Q1 25 | 15.2% | 75.9% | ||
| Q4 24 | 20.4% | 76.3% | ||
| Q3 24 | 19.5% | 77.8% | ||
| Q2 24 | 21.0% | 78.2% | ||
| Q1 24 | 19.1% | 76.2% |
| Q4 25 | — | -182.2% | ||
| Q3 25 | -12.0% | -3.9% | ||
| Q2 25 | -9.1% | -138.7% | ||
| Q1 25 | -8.9% | -4.7% | ||
| Q4 24 | 3.7% | -1.5% | ||
| Q3 24 | 1.0% | -0.9% | ||
| Q2 24 | 3.5% | -4.6% | ||
| Q1 24 | 1.9% | -3.1% |
| Q4 25 | — | -178.3% | ||
| Q3 25 | -11.0% | -8.3% | ||
| Q2 25 | -9.1% | -135.2% | ||
| Q1 25 | -7.0% | -10.3% | ||
| Q4 24 | 2.3% | -5.3% | ||
| Q3 24 | -0.1% | 4.1% | ||
| Q2 24 | 3.6% | -5.4% | ||
| Q1 24 | 1.2% | -6.5% |
| Q4 25 | — | $-1.68 | ||
| Q3 25 | — | $-0.08 | ||
| Q2 25 | — | $-1.15 | ||
| Q1 25 | — | $-0.09 | ||
| Q4 24 | $0.06 | $-0.04 | ||
| Q3 24 | $-0.03 | $0.03 | ||
| Q2 24 | $0.08 | $-0.04 | ||
| Q1 24 | $0.00 | $-0.06 |
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 | $115.7M |
| Total DebtLower is stronger | $116.3M | $280.1M |
| Stockholders' EquityBook value | $526.9M | $484.4M |
| Total Assets | $849.7M | $1.2B |
| Debt / EquityLower = less leverage | 0.22× | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $115.7M | ||
| Q3 25 | $193.8M | $95.7M | ||
| Q2 25 | $28.1M | $162.6M | ||
| Q1 25 | $43.5M | $165.5M | ||
| Q4 24 | $33.0M | $189.5M | ||
| Q3 24 | $22.9M | $168.7M | ||
| Q2 24 | $27.6M | $147.1M | ||
| Q1 24 | $30.5M | $128.3M |
| Q4 25 | — | $280.1M | ||
| Q3 25 | $116.3M | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | $88.2M | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
| Q4 25 | — | $484.4M | ||
| Q3 25 | $526.9M | $616.9M | ||
| Q2 25 | $347.4M | $633.7M | ||
| Q1 25 | $355.2M | $755.7M | ||
| Q4 24 | $362.8M | $761.3M | ||
| Q3 24 | $361.8M | $754.7M | ||
| Q2 24 | $366.1M | $815.4M | ||
| Q1 24 | $372.3M | $813.8M |
| Q4 25 | — | $1.2B | ||
| Q3 25 | $849.7M | $1.3B | ||
| Q2 25 | $674.6M | $1.4B | ||
| Q1 25 | $685.7M | $1.5B | ||
| Q4 24 | $674.7M | $1.6B | ||
| Q3 24 | $645.4M | $1.6B | ||
| Q2 24 | $659.2M | $1.5B | ||
| Q1 24 | $674.0M | $1.5B |
| Q4 25 | — | 0.58× | ||
| Q3 25 | 0.22× | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | 0.24× | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.53× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | $-17.5M | $23.2M |
| FCF MarginFCF / Revenue | -14.5% | 29.6% |
| Capex IntensityCapex / Revenue | 13.3% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-24.7M | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $23.3M | ||
| Q3 25 | $-1.4M | $32.2M | ||
| Q2 25 | $-4.3M | $33.1M | ||
| Q1 25 | $26.0M | $2.5M | ||
| Q4 24 | $15.7M | $34.3M | ||
| Q3 24 | $37.4M | $60.1M | ||
| Q2 24 | $34.4M | $31.0M | ||
| Q1 24 | $25.2M | $24.8M |
| Q4 25 | — | $23.2M | ||
| Q3 25 | $-17.5M | $32.1M | ||
| Q2 25 | $-19.8M | $33.0M | ||
| Q1 25 | $7.6M | $2.4M | ||
| Q4 24 | $5.1M | $34.0M | ||
| Q3 24 | $25.6M | $59.8M | ||
| Q2 24 | $20.3M | $30.5M | ||
| Q1 24 | $6.5M | $24.7M |
| Q4 25 | — | 29.6% | ||
| Q3 25 | -14.5% | 41.3% | ||
| Q2 25 | -13.0% | 43.6% | ||
| Q1 25 | 5.6% | 3.0% | ||
| Q4 24 | 3.0% | 43.5% | ||
| Q3 24 | 15.3% | 75.6% | ||
| Q2 24 | 13.1% | 40.7% | ||
| Q1 24 | 3.7% | 30.6% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | 13.3% | 0.2% | ||
| Q2 25 | 10.2% | 0.1% | ||
| Q1 25 | 13.7% | 0.2% | ||
| Q4 24 | 6.2% | 0.3% | ||
| Q3 24 | 7.0% | 0.3% | ||
| Q2 24 | 9.1% | 0.6% | ||
| Q1 24 | 10.8% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.06× | — | ||
| Q3 24 | — | 18.52× | ||
| 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
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
