HCC Financials Warrior Met Coal, Inc.

10 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Aug 9, 2026, 10:19 UTC Overview →

Growth & profitability

Revenue has grown 10.8% per year over the past 5 years.
Operating margin has expanded, at 3.5% in the latest year.
Free cash flow has grown 13.2% per year over the past 5 years.

Financial health

The company holds more cash ($300M) than total debt ($154M).
Total debt has grown slower than revenue (-16.5% vs 10.8% per year).
Operating income covered interest expense 4.7× in the latest year.
Total debt is 0.7× EBITDA.

Shareholder returns

Dividends have been paid for 9 consecutive years, consuming 31.3% of earnings.
The dividend has grown 11.4% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$1.3B	$57M	25.0%	3.5%	2.7%	2.0%	—	$154M	$300M
2024	$1.5B	$251M	34.0%	16.7%	12.0%	9.7%	—	$154M	$492M
2023	$1.7B	$479M	45.7%	32.3%	25.5%	20.3%	—	$153M	$738M
2022	$1.7B	$641M	59.1%	46.1%	44.3%	31.6%	$637M	$303M	$829M
2021	$1.1B	$151M	47.7%	23.0%	17.3%	10.3%	$294M	$340M	$396M
2020	$783M	-$36M	20.1%	-3.5%	-4.9%	-2.6%	$25M	$380M	$212M
2019	$1.3B	$302M	43.2%	30.2%	39.4%	22.4%	$426M	$339M	$193M
2018	$1.4B	$697M	48.0%	36.9%	97.8%	49.9%	$458M	$469M	$206M
2017	$1.2B	$455M	49.3%	36.2%	110.2%	45.8%	$342M	$346M	$35M
2016	—	-$50M	—	—	-6.6%	-5.2%	—	$7M	$150M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Jun '26	$510M	$87M	33.3%	18.5%	3.8%	3.0%	—	$155M	$302M
Mar '26	$459M	$72M	36.7%	17.3%	3.3%	2.6%	—	$154M	$203M
Dec '25	$384M	$23M	29.5%	9.0%	1.1%	0.8%	—	$154M	$300M
Sep '25	$329M	$37M	27.1%	6.3%	1.7%	1.4%	—	$154M	$336M
Jun '25	$298M	$6M	23.9%	2.6%	0.3%	0.2%	—	$154M	$383M
Mar '25	$300M	-$8M	18.1%	-5.8%	-0.4%	-0.3%	—	$154M	$455M
Dec '24	$297M	$1M	23.1%	-1.4%	0.1%	0.0%	—	$154M	$492M
Sep '24	$328M	$42M	29.3%	11.9%	2.0%	1.6%	—	$153M	$583M
Jun '24	$397M	$71M	34.1%	17.9%	3.5%	2.8%	—	$153M	$709M
Mar '24	$504M	$137M	43.3%	29.6%	6.9%	5.5%	—	$153M	$694M
Dec '23	$364M	$129M	48.7%	36.7%	6.9%	5.5%	—	$153M	$738M
Sep '23	$423M	$85M	38.5%	25.4%	4.9%	3.8%	$32M	$153M	$687M
Jun '23	$380M	$82M	39.3%	23.8%	4.9%	3.7%	-$12M	$295M	$827M
Mar '23	$510M	$182M	54.4%	41.1%	11.5%	8.5%	$125M	$295M	$863M
Dec '22	$345M	$100M	47.6%	34.1%	6.9%	4.9%	$110M	$303M	$829M
Sep '22	$390M	$98M	47.9%	31.9%	7.3%	5.1%	$206M	$304M	$746M
Jun '22	$625M	$297M	69.4%	59.6%	23.0%	15.6%	$261M	$340M	$645M
Mar '22	$379M	$146M	64.3%	49.3%	14.4%	8.9%	$60M	$340M	$434M
Dec '21	$416M	$138M	62.7%	44.3%	15.9%	9.5%	$151M	$340M	$396M
Sep '21	$202M	$38M	54.6%	25.3%	5.2%	2.9%	$52M	$340M	$268M

Valuation over time

How the market has priced HCC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 3.0× (Mar '23) to 76.1× (Nov '26).
The price-to-sales ratio has risen from 1.1× (Mar '23) to 3.3× (Nov '26).
The dividend yield has fallen from 4.1% (Mar '23) to 0.4% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is HCC growing its revenue and profit?

Over the past 5 years, Warrior Met Coal, Inc.'s revenue has grown 10.8% per year. These are computed facts, not advice.

How much debt does HCC have?

As of FY2025, Warrior Met Coal, Inc. reported $154M of total debt against $300M of cash; operating income covered interest expense 4.7×.

What is HCC's profit margin?

In FY2025, gross margin was 25.0%, operating margin 3.5%, and net margin 4.4%.

What is HCC's P/E ratio?

Warrior Met Coal, Inc.'s P/E (TTM) is 19.78 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the HCC stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 76.1× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.