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WARRIOR MET COAL, INC.（HCC）与Ramaco Resources, Inc.（METC）财务数据对比。点击上方公司名可切换其他公司
WARRIOR MET COAL, INC.的季度营收约是Ramaco Resources, Inc.的3.2倍（$384.0M vs $121.0M）。WARRIOR MET COAL, INC.净利率更高（6.0% vs -11.0%，领先17.0%）。WARRIOR MET COAL, INC.同比增速更快（29.1% vs -27.7%）。过去两年WARRIOR MET COAL, INC.的营收复合增速更高（-12.7% vs -22.7%）
Warrior Met Coal（股票代码HCC）是总部位于美国的矿业企业，主营高品质冶金煤的开采与供应，其产品是钢铁制造的核心原材料，主要服务北美、欧洲、亚洲地区的钢铁生产商及工业客户。
Ramaco Resources, Inc.是一家总部位于美国的矿业企业，主营高等级冶金煤生产，在阿巴拉契亚地区运营多处采矿资产，产品供应全球钢铁制造商及工业客户，核心业务为可持续、低成本的冶金煤开采与分销。
HCC vs METC — 直观对比
营收规模更大
HCC
是对方的3.2倍
$121.0M
营收增速更快
HCC
高出56.8%
-27.7%
净利率更高
HCC
高出17.0%
-11.0%
两年增速更快
HCC
近两年复合增速
-22.7%
损益表 — Q4 2025 vs Q3 2025
| 指标 | | |
|---|---|---|
| 营收 | $384.0M | $121.0M |
| 净利润 | $23.0M | $-13.3M |
| 毛利率 | 29.5% | 15.8% |
| 营业利润率 | 9.0% | -12.0% |
| 净利率 | 6.0% | -11.0% |
| 营收同比 | 29.1% | -27.7% |
| 净利润同比 | 1919.5% | -5468.2% |
| 每股收益（稀释后） | $0.43 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收HCCMETC
| Q4 25 | $384.0M | — | ||
| Q3 25 | $328.6M | $121.0M | ||
| Q2 25 | $297.5M | $153.0M | ||
| Q1 25 | $299.9M | $134.7M | ||
| Q4 24 | $297.5M | $170.9M | ||
| Q3 24 | $327.7M | $167.4M | ||
| Q2 24 | $396.5M | $155.3M | ||
| Q1 24 | $503.5M | $172.7M |
净利润HCCMETC
| Q4 25 | $23.0M | — | ||
| Q3 25 | $36.6M | $-13.3M | ||
| Q2 25 | $5.6M | $-14.0M | ||
| Q1 25 | $-8.2M | $-9.5M | ||
| Q4 24 | $1.1M | $3.9M | ||
| Q3 24 | $41.8M | $-239.0K | ||
| Q2 24 | $70.7M | $5.5M | ||
| Q1 24 | $137.0M | $2.0M |
毛利率HCCMETC
| Q4 25 | 29.5% | — | ||
| Q3 25 | 27.1% | 15.8% | ||
| Q2 25 | 23.9% | 12.3% | ||
| Q1 25 | 18.1% | 15.2% | ||
| Q4 24 | 23.1% | 20.4% | ||
| Q3 24 | 29.3% | 19.5% | ||
| Q2 24 | 34.1% | 21.0% | ||
| Q1 24 | 43.3% | 19.1% |
营业利润率HCCMETC
| Q4 25 | 9.0% | — | ||
| Q3 25 | 6.3% | -12.0% | ||
| Q2 25 | 2.6% | -9.1% | ||
| Q1 25 | -5.8% | -8.9% | ||
| Q4 24 | -1.4% | 3.7% | ||
| Q3 24 | 11.9% | 1.0% | ||
| Q2 24 | 17.9% | 3.5% | ||
| Q1 24 | 29.6% | 1.9% |
净利率HCCMETC
| Q4 25 | 6.0% | — | ||
| Q3 25 | 11.1% | -11.0% | ||
| Q2 25 | 1.9% | -9.1% | ||
| Q1 25 | -2.7% | -7.0% | ||
| Q4 24 | 0.4% | 2.3% | ||
| Q3 24 | 12.7% | -0.1% | ||
| Q2 24 | 17.8% | 3.6% | ||
| Q1 24 | 27.2% | 1.2% |
每股收益（稀释后）HCCMETC
| Q4 25 | $0.43 | — | ||
| Q3 25 | $0.70 | — | ||
| Q2 25 | $0.11 | — | ||
| Q1 25 | $-0.16 | — | ||
| Q4 24 | $0.02 | $0.06 | ||
| Q3 24 | $0.80 | $-0.03 | ||
| Q2 24 | $1.35 | $0.08 | ||
| Q1 24 | $2.62 | $0.00 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $300.0M | $193.8M |
| 总债务越低越好 | $154.3M | $116.3M |
| 股东权益账面价值 | $2.1B | $526.9M |
| 总资产 | $2.8B | $849.7M |
| 负债/权益比越低杠杆越低 | 0.07× | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资HCCMETC
| Q4 25 | $300.0M | — | ||
| Q3 25 | $336.3M | $193.8M | ||
| Q2 25 | $383.3M | $28.1M | ||
| Q1 25 | $454.9M | $43.5M | ||
| Q4 24 | $491.5M | $33.0M | ||
| Q3 24 | $583.2M | $22.9M | ||
| Q2 24 | $709.0M | $27.6M | ||
| Q1 24 | $693.9M | $30.5M |
总债务HCCMETC
| Q4 25 | $154.3M | — | ||
| Q3 25 | $154.1M | $116.3M | ||
| Q2 25 | $153.9M | — | ||
| Q1 25 | $153.8M | — | ||
| Q4 24 | $153.6M | $88.2M | ||
| Q3 24 | $153.5M | — | ||
| Q2 24 | $153.3M | — | ||
| Q1 24 | $153.2M | — |
股东权益HCCMETC
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | $526.9M | ||
| Q2 25 | $2.1B | $347.4M | ||
| Q1 25 | $2.1B | $355.2M | ||
| Q4 24 | $2.1B | $362.8M | ||
| Q3 24 | $2.1B | $361.8M | ||
| Q2 24 | $2.0B | $366.1M | ||
| Q1 24 | $2.0B | $372.3M |
总资产HCCMETC
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.7B | $849.7M | ||
| Q2 25 | $2.6B | $674.6M | ||
| Q1 25 | $2.6B | $685.7M | ||
| Q4 24 | $2.6B | $674.7M | ||
| Q3 24 | $2.6B | $645.4M | ||
| Q2 24 | $2.6B | $659.2M | ||
| Q1 24 | $2.5B | $674.0M |
负债/权益比HCCMETC
| Q4 25 | 0.07× | — | ||
| Q3 25 | 0.07× | 0.22× | ||
| Q2 25 | 0.07× | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | 0.07× | 0.24× | ||
| Q3 24 | 0.07× | — | ||
| Q2 24 | 0.07× | — | ||
| Q1 24 | 0.08× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $76.1M | $-1.4M |
| 自由现金流经营现金流 - 资本支出 | — | $-17.5M |
| 自由现金流率自由现金流/营收 | — | -14.5% |
| 资本支出强度资本支出/营收 | — | 13.3% |
| 现金转化率经营现金流/净利润 | 3.31× | — |
| 过去12个月自由现金流最近4个季度 | — | $-24.7M |
8季度趋势，按日历期对齐
经营现金流HCCMETC
| Q4 25 | $76.1M | — | ||
| Q3 25 | $104.7M | $-1.4M | ||
| Q2 25 | $37.5M | $-4.3M | ||
| Q1 25 | $10.9M | $26.0M | ||
| Q4 24 | $54.2M | $15.7M | ||
| Q3 24 | $62.2M | $37.4M | ||
| Q2 24 | $147.0M | $34.4M | ||
| Q1 24 | $104.1M | $25.2M |
自由现金流HCCMETC
| 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 |
自由现金流率HCCMETC
| 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% |
资本支出强度HCCMETC
| 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% |
现金转化率HCCMETC
| Q4 25 | 3.31× | — | ||
| Q3 25 | 2.86× | — | ||
| Q2 25 | 6.70× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 47.68× | 4.06× | ||
| Q3 24 | 1.49× | — | ||
| Q2 24 | 2.08× | 6.21× | ||
| Q1 24 | 0.76× | 12.40× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
HCC
| Mining Segment | $373.6M | 97% |
| Other | $10.4M | 3% |
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
