Warrior Met Coal, Inc. (HCC) Stock Analysis
Basic Materials · Coking Coal · NYSE
Warrior Met Coal, Inc. (HCC) posted $1.31B in revenue for fiscal 2025 (down 14.1% year over year), at a 4.4% net margin, and has compounded revenue about 10.8%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Warrior Met Coal, Inc.
Warrior Met Coal, Inc. has grown revenue from $297.63M to $1.31B over the last 10 fiscal years, compounding about 10.8% a year. The most recent year was down 14.1%, so growth has cooled from its longer-run pace.
Net margin sits at 4.4%, down 12 points year over year on a 25% gross margin. It carries about $154.25M of total debt.
At today's valuation the market is pricing in roughly -5.2% annual free-cash-flow growth — versus the 13.2% it actually delivered over the last five years, so the price is arguably undemanding against what it has already proven. The one thing worth a second look in the filings is receivables growing faster than sales.
Synthesised from Warrior Met Coal, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Warrior Met Coal, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $297.63M | $1.17B | $1.38B | $1.27B | $782.74M | $1.06B | $1.74B | $1.68B | $1.53B | $1.31B |
| Gross profit | — | $576.56M | $661.36M | $547.56M | $157.57M | $504.93M | $1.03B | $766.36M | $517.92M | $327.64M |
| Net income | $-49.67M | $455.05M | $696.79M | $301.70M | $-35.76M | $150.88M | $641.30M | $478.63M | $250.60M | $57.00M |
| Net margin | -16.7% | 38.9% | 50.6% | 23.8% | -4.6% | 14.2% | 36.9% | 28.5% | 16.4% | 4.4% |
Source: Warrior Met Coal, Inc. SEC filings (10-K).
Warrior Met Coal, Inc.: 3 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Receivables growing faster than salesAccounts receivable rose 28.9% while revenue rose -14.1% in the latest year — a gap that can signal looser credit terms or pulled-forward sales. Worth checking days-sales-outstanding.
- Inventory building faster than salesInventory rose 13.7% versus revenue -14.1% — possible overproduction or softening demand.
- Net margin shrinkingNet margin fell from 36.9% to 4.4% over ~3 years — profitability is compressing.
What growth is priced into HCC stock?
At today's market cap of $5.04B, Warrior Met Coal, Inc. is priced for free-cash-flow growth of about -5.2% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $636.66M from the FY ending 2022-12-31). For comparison, free cash flow actually grew 13.2%/yr over the last five fiscal years and revenue 10.8%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 10 years of Warrior Met Coal, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Warrior Met Coal, Inc. financial history by metric
Compare Warrior Met Coal, Inc. with peers
About Warrior Met Coal, Inc.
Warrior Met Coal, Inc. engages in the production and export of non-thermal steelmaking coal for the steel production by metal manufacturers in Europe, South America, and Asia. It offers hard-coking coal through the operation of underground mines located in Alabama. The company also sells natural gas extracted as a byproduct from coal production. Warrior Met Coal, Inc. was incorporated in 2015 and is headquartered in Brookwood, Alabama.
Warrior Met Coal, Inc. — frequently asked questions
What is Warrior Met Coal, Inc.'s revenue?
Warrior Met Coal, Inc. (HCC) reported revenue of $1.31B for fiscal year 2025, down 14.1% from the prior year, according to its SEC filings.
Is Warrior Met Coal, Inc. profitable?
Yes. HCC earned net income of $57.00M in fiscal 2025, a net margin of 4.4%.
What is HCC's P/E ratio?
Warrior Met Coal, Inc. trades at a price-to-earnings ratio of about 36.6 based on the latest data in our nightly-refreshed cache.
How fast is Warrior Met Coal, Inc. growing?
HCC's revenue grew at roughly 10.8% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Warrior Met Coal, Inc. have?
As of fiscal year 2025, HCC carried roughly $154.25M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Warrior Met Coal, Inc.'s gross margin?
HCC's gross margin was 25.0% in fiscal 2025 — gross profit of $327.64M on revenue of $1.31B.
What is Warrior Met Coal, Inc.'s market cap?
Warrior Met Coal, Inc. (HCC) has a market capitalization of about $5.04B, based on the latest data in our nightly-refreshed cache.
When does Warrior Met Coal, Inc.'s fiscal year end?
HCC's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into HCC stock?
At today's market cap of $5.04B, Warrior Met Coal, Inc. is priced for free-cash-flow growth of about -5.2% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $636.66M from the FY ending 2022-12-31). For comparison, free cash flow actually grew 13.2%/yr over the last five fiscal years and revenue 10.8%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Warrior Met Coal, Inc.'s official SEC filings (10-K and 10-Q), covering 10 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.