HCC WARRIOR MET COAL, INC.

Overview and Growth

Fiscal 2025 results for WARRIOR MET COAL, INC. combined $1.31B of revenue with net income of $57.00M and an operating cash inflow of $229.25M. At $1.31B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. The top line contracted 14.1% from $1.53B in fiscal 2024; this top-line contraction left the company with a smaller revenue base. On a per-share basis, diluted EPS was $1.08, which connects the reported earnings outcome with the company’s diluted share count. Against diluted EPS of $4.79 in fiscal 2024, the current result was 77.5% lower. The company employed $2.78B of total assets, the balance-sheet base supporting its current operating and cash-flow results. The revenue-to-assets relationship was 0.47x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The first profit layer was $327.64M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross margin was 25.0%, so that share of each revenue unit remained after the cost of revenue reported for the period. Operating income was $45.71M, the earnings remaining from reported operations after the company’s recognized operating cost structure. Operating margin measured 3.5%, showing the portion of revenue preserved after the full set of operating costs. After all reported below-operating-line items, the company recorded net income of $57.00M for the fiscal year. The final earnings result represented 4.4% of revenue, connecting the absolute net income figure with the company’s top-line scale. Pretax income was $54.44M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Pretax income represented 4.2% of revenue, placing earnings before tax in the context of the company’s operating scale. An income-tax benefit of $2.55M improved the final result relative to pretax income or loss. The tax benefit equaled 4.7% of positive pretax income, lifting the after-tax result. The relationship between net income and period-end equity was 2.7%, indicating the profitability achieved on book capital. The net-income-to-assets relationship measured 2.0%, showing earnings relative to the full balance sheet.

Liquidity and Capital Structure

At period end, the $2.78B asset base was financed through $642.41M of liabilities and $2.14B of equity. At period end, current assets of $820.25M compared with current liabilities of $257.02M, defining the company’s short-term resource position. Current assets covered current liabilities by 3.19x, leaving a positive buffer for near-term obligations. The company held $299.96M in cash and equivalents, a narrower liquidity measure than total current assets. The cash balance equaled 116.7% of current liabilities, showing how much near-term coverage came from cash alone. Borrowings totaled $154.25M, adding a fixed financing obligation alongside the company’s equity capital. The debt-to-equity relationship was 0.07x, showing how much debt the company carried for each unit of book equity. Relative to total assets, debt measured 5.5%, showing how much of the asset base was matched by borrowing. Relative to total assets, liabilities measured 23.1%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 10.8% of total assets, showing the liquid cash component within the company’s broader resource base. Compared with $2.59B in fiscal 2024, the current asset base moved 7.4% and finished higher. Reported equity changed 2.4% from $2.09B in fiscal 2024, placing the current capital base higher year over year.

Cash Flow and Earnings Quality

Cash flow from operations was $229.25M, a reported cash inflow that can be compared directly with net income and capital spending. Operating cash flow equaled 4.02x of net income, showing how strongly accounting earnings converted into cash from operations.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.