Ramaco Resources, Inc. (METCB) Stock Analysis
Basic Materials · Coking Coal · NasdaqGS
Ramaco Resources, Inc. (METCB) posted $536.62M in revenue for fiscal 2025 (down 19.5% year over year), with a net loss of $51.45M, and has compounded revenue about 26.0%/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 Ramaco Resources, Inc.
Ramaco Resources, Inc. has grown revenue from $5.22M to $536.62M over the last 10 fiscal years, compounding about 26% a year. The most recent year was down 19.5%, so growth has cooled from its longer-run pace.
Net margin sits at -9.6%, down 11.3 points year over year on a 15.5% gross margin. It carries about $451.42M of total debt.
The one thing worth a second look in the filings is inventory building faster than sales.
Synthesised from Ramaco Resources, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Ramaco Resources, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.22M | $61.04M | $227.57M | $168.91M | $168.91M | $283.39M | $565.69M | $693.52M | $666.29M | $536.62M |
| Gross profit | $3.42M | $514,804 | $51.02M | $6.45M | $23.41M | $87.98M | $232.73M | $199.73M | $133.00M | $83.23M |
| Net income | $-7.51M | $-15.42M | $25.07M | $24.93M | $-4.91M | $39.76M | $116.04M | $82.31M | $11.19M | $-51.45M |
| Net margin | -144.1% | -25.3% | 11.0% | 14.8% | -2.9% | 14.0% | 20.5% | 11.9% | 1.7% | -9.6% |
Source: Ramaco Resources, Inc. SEC filings (10-K). 11 years of history available in the interactive view.
Ramaco Resources, Inc.: 4 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.
- Inventory building faster than salesInventory rose 101.0% versus revenue -19.5% — possible overproduction or softening demand.
- Share count rising (dilution)Shares outstanding grew 43.7% over 4 years (46.2M → 66.3M) — existing holders' stakes are being diluted.
- Heavy debt loadTotal debt of $451.5M is 229.3× last year's operating cash flow — it would take years of cash flow to clear.
- Currently unprofitableThe latest fiscal year was a net loss (net margin -9.6%).
Explore 11 years of Ramaco Resources, 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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Ramaco Resources, Inc. financial history by metric
About Ramaco Resources, Inc.
Ramaco Resources, Inc. engages in the development, operation, and sale of metallurgical coal. The company's development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 88,850 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres located in southern West Virginia; and the Brook Mine property that covers an area of approximately 15,800 acres located in northeastern Wyoming. It serves blast furnace steel mills and coke plants in North America, as well as metallurgical coal consumers internationally. Ramaco Resources, Inc. was founded in 2015 and is based in Lexington, Kentucky.
Ramaco Resources, Inc. — frequently asked questions
What is Ramaco Resources, Inc.'s revenue?
Ramaco Resources, Inc. (METCB) reported revenue of $536.62M for fiscal year 2025, down 19.5% from the prior year, according to its SEC filings.
Is Ramaco Resources, Inc. profitable?
No — METCB reported a net loss of $-51.45M in fiscal 2025.
What is METCB's P/E ratio?
Ramaco Resources, Inc. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Ramaco Resources, Inc. growing?
METCB's revenue grew at roughly 26.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Ramaco Resources, Inc. have?
As of fiscal year 2025, METCB carried roughly $451.42M in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Ramaco Resources, Inc.'s gross margin?
METCB's gross margin was 15.5% in fiscal 2025 — gross profit of $83.23M on revenue of $536.62M.
What is Ramaco Resources, Inc.'s market cap?
Ramaco Resources, Inc. (METCB) has a market capitalization of about $767.76M, based on the latest data in our nightly-refreshed cache.
When does Ramaco Resources, Inc.'s fiscal year end?
METCB's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Ramaco Resources, Inc.'s official SEC filings (10-K and 10-Q), covering 11 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.