Ramaco Resources, Inc. (METCB)
Ramaco Resources, Inc. specializes in the extraction, development, and global distribution of metallurgical coal. The firm's portfolio encompasses significant development properties, such as the Elk Creek project situated in southern West Virginia, the Berwind property located on the border between West Virginia and Virginia, the Knox Creek property within Virginia, and the RAM Mine in southwestern Pennsylvania. Ramaco provides its coking coal to blast furnace steel manufacturers and coke production facilities throughout the United States, in addition to international consumers of metallurgical coal. Founded in 2015, the company's main office is located in Lexington, Kentucky.
Sector: Silver Ores
Industry: Coal
Ramaco Resources, Inc.
+3.90%$4.00
AH Close$4.00+0.00%vs close
AH Close$4.00+0.00%vs close
Mkt Cap$47.23M
Float7.13M
O/S11.81M
Inst Own57.1%
Div Yield15.14%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$536.62M
Net Income-$51.45M
Total Assets$1.14B
Free Cash Flow-$60.81M
Debt & Equity
Debt 49%
Equity 51%
Total Debt$468.88M
Total Equity$483.57M
Shares Outstanding
Short Interest
Split History7 splits
- 1.0:1Forward splitSep 11, 20261 share → 1.0
- 1.0:1Forward splitJun 12, 20261 share → 1.0
- 1.0:1Forward splitMar 13, 20261 share → 1.0
- 1.0:1Forward splitMar 13, 20261 share → 1.0
- 1.0:1Forward splitDec 5, 20251 share → 1.0
- 1.0:1Forward splitSep 5, 20251 share → 1.0
- 1.0:1Forward splitDec 2, 20241 share → 1.0
Balance Sheet Details
Assets$1.14B
Liabilities$657M
Accounts Receivable$54.35M
Accounts Payable$41.6M
Inventory$87.16M
PP&E (Net)$527.71M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Revenue | $536.62M | $666.29M | $693.52M | $565.69M | $283.39M | $168.91M | $230.21M | $227.57M | $61.04M | $5.22M | $0 | $0 |
| YoY Growth | -19.5% | -3.9% | 22.6% | 99.6% | 67.8% | -26.6% | 1.2% | 272.9% | 1070.2% | - | - | - |
| Cost of Revenue | $523.21M | $600.37M | $549.45M | $375.27M | $222.23M | $166.99M | $182.5M | $189.47M | $64.34M | $5.29M | $1.01M | $1.01M |
| Gross Profit | $13.41M | $65.92M | $144.08M | $190.42M | $61.16M | $1.93M | $47.71M | $38.1M | -$3.3M | -$78K | -$1.01M | -$1.01M |
| Gross Margin | 2.5% | 9.9% | 20.8% | 33.7% | 21.6% | 1.1% | 20.7% | 16.7% | -5.4% | -1.5% | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $69.36M | $49.29M | $48.83M | $40.03M | $21.63M | $21.02M | $18.18M | $14.01M | $12.59M | $7.45M | $1.32M | $759K |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $69.36M | $49.29M | $48.83M | $40.03M | $21.63M | $21.02M | $18.18M | $14.01M | $12.59M | $7.45M | $1.32M | $759K |
| Operating Income (EBIT) | -$55.96M | $16.64M | $95.25M | $150.39M | $39.53M | -$19.09M | $29.53M | $24.1M | -$15.89M | -$7.53M | -$2.33M | -$1.77M |
| Operating Margin | -10.4% | 2.5% | 13.7% | 26.6% | 13.9% | -11.3% | 12.8% | 10.6% | -26.0% | -144.4% | - | - |
| Interest Expense | $7.8M | $6.12M | $8.9M | $6.83M | $2.56M | $1.22M | $1.19M | $1.46M | $23K | $124K | $2K | $622 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $36K | $295K | $139K | $0 | $0 |
| Other Income (Expense) | -$6.18M | -$1.72M | $9.42M | -$4.19M | $4.87M | $10.7M | $565K | $1.09M | $476K | $15K | -$2K | -$622 |
| Income Before Tax (EBT) | -$62.14M | $14.92M | $104.66M | $146.19M | $44.41M | -$8.39M | $30.1M | $25.19M | -$15.42M | -$7.52M | -$2.33M | -$1.77M |
| Income Tax Expense | -$10.69M | $3.73M | $22.35M | $30.15M | $4.65M | -$3.48M | $5.16M | $113K | $0 | $0 | $0 | $0 |
| Net Income | -$51.45M | $11.19M | $82.31M | $116.04M | $39.76M | -$4.91M | $24.93M | $25.07M | -$15.42M | -$7.52M | -$2.33M | -$1.77M |
| Net Income Margin | -9.6% | 1.7% | 11.9% | 20.5% | 14.0% | -2.9% | 10.8% | 11.0% | -25.3% | -144.1% | - | - |
| Supplementary Data | ||||||||||||
| EPS | -1.03 | 0.21 | 1.73 | 2.63 | 0.90 | -0.12 | 0.61 | 0.63 | -0.41 | -0.19 | -0.06 | -0.05 |
| Diluted EPS | -1.03 | 0.21 | 1.73 | 2.60 | 0.90 | -0.12 | 0.61 | 0.62 | -0.41 | -0.19 | -0.06 | -0.04 |
| Weighted Average OS | 49.77M | 44.61M | 44.75M | 44.16M | 43.96M | 42.46M | 40.84M | 40.04M | 37.58M | 39.06M | 39.06M | 39.06M |
| EBITDA | $15.49M | $88.12M | $169.22M | $195.33M | $73.78M | $14.31M | $51.32M | $39.57M | -$11.83M | -$6.91M | -$2.26M | -$1.7M |
| EBITDA Margin | 2.9% | 13.2% | 24.4% | 34.5% | 26.0% | 8.5% | 22.3% | 17.4% | -19.4% | -132.5% | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Assets | ||||||||||||
| Current Assets | ||||||||||||
| Cash and Cash Equivalents | $440.35M | $33.01M | $41.96M | $35.61M | $21.89M | $5.3M | $5.53M | $6.95M | $5.93M | $5.2M | $994K | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.2M | $55.24M | $0 | $0 |
| Cash and Short-Term Investments | $440.35M | $33.01M | $41.96M | $35.61M | $21.89M | $5.3M | $5.53M | $6.95M | $11.13M | $60.43M | $994K | $0 |
| Accounts Receivable | $54.35M | $73.58M | $96.87M | $41.17M | $44.45M | $20.3M | $19.26M | $10.73M | $7.17M | $915K | $0 | $0 |
| Inventory | $87.16M | $43.36M | $37.16M | $44.97M | $15.79M | $11.95M | $15.26M | $14.19M | $10.06M | $1.52M | $0 | $0 |
| Other Current Assets | $15.75M | $4.7M | $800K | $15.5M | $900K | $1.41M | $1.53M | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $597.61M | $167.63M | $189.74M | $147.49M | $86.76M | $42.5M | $44.32M | $35.02M | $29.46M | $63.26M | $1.25M | $105K |
| Long-Term Assets | ||||||||||||
| Property, Plant & Equipment Net | $527.71M | $495.78M | $469.91M | $443.44M | $236.23M | $180.64M | $178.2M | $149.21M | $115.45M | $46.43M | $16.01M | $10.38M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.2M | $0 | $1.39M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $22.3M | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $15.26M | $11.27M | $6.18M | $5.41M | $6.04M | $5.48M | $4.29M | -$18.28M | $3.19M | $4.32M | $3.09M | $0 |
| Total Long-Term Assets | $542.96M | $507.05M | $476.1M | $448.85M | $242.27M | $186.12M | $182.49M | $153.22M | $118.64M | $55.95M | $19.1M | $11.77M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.14B | $674.69M | $665.84M | $596.34M | $329.03M | $228.62M | $226.81M | $188.24M | $148.1M | $119.21M | $20.35M | $11.87M |
| Liabilities | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts Payable | $41.6M | $48.85M | $51.62M | $34.83M | $15.35M | $11.74M | $10.66M | $16.39M | $19.53M | $8.96M | $640K | $0 |
| Short-Term Debt | $56K | $359K | $56.53M | $75.64M | $7.67M | $4.87M | $3.33M | $5M | $0 | $500K | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $5.84M | $5.34M | $4.15M | $4.61M | $489K | $46K | $19K | $8.45M | $2.89M | $5.9M | -$547 | $0 |
| Total Current Liabilities | $109.5M | $122.43M | $169.99M | $162.84M | $46.66M | $29.11M | $26.41M | $29.84M | $22.42M | $15.36M | $914K | $0 |
| Long-Term Liabilities | ||||||||||||
| Long-Term Debt | $451.36M | $88.19M | $33.65M | $51.59M | $35.7M | $12.58M | $9.61M | $4.47M | $0 | $10.63M | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $44.31M | $0 | $0 | $0 | $0 | $0 | $0 | $22.41M | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $41.65M | $92.65M | $87.23M | $67.21M | $31M | $17.81M | $20.61M | $12.71M | $12.28M | $9.43M | $2.1M | $12.84M |
| Total Long-Term Liabilities | $547.5M | $189.45M | $126.25M | $124.3M | $71.3M | $30.41M | $30.32M | $17.29M | $12.28M | $20.06M | $12.78M | $12.84M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $657M | $311.88M | $296.23M | $287.14M | $117.96M | $59.53M | $56.73M | $47.13M | $34.7M | $35.42M | $13.69M | $12.84M |
| Stockholders' Equity | ||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $88.77M | $0 | $0 |
| Common Stock | $551K | $533K | $528K | $442K | $441K | $427K | $410K | $401K | $396K | $18.25M | $6.66M | $0 |
| Retained Earnings | -$311K | $69.53M | $91.94M | $140.04M | $47.07M | $9.81M | $14.72M | -$10.22M | -$35.29M | -$18.25M | $0 | $0 |
| Comprehensive Income & Other | $0 | -$0 | $0 | -$0 | $0 | -$0 | $0 | $0 | -$35.29M | $0 | $0 | $0 |
| Other Stockholders' Equity | $483.33M | $292.74M | $277.13M | $168.71M | $163.57M | $158.86M | $154.96M | $150.93M | $148.29M | $83.79M | $350 | -$973K |
| Total Equity | $483.57M | $362.81M | $369.61M | $309.2M | $211.07M | $169.09M | $170.08M | $141.11M | $113.4M | $83.79M | $6.66M | -$973K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.14B | $674.69M | $665.84M | $596.34M | $329.03M | $228.62M | $226.81M | $188.24M | $148.1M | $119.21M | $20.35M | $11.87M |
| Supplementary Data | ||||||||||||
| Total Debt | $468.88M | $103.67M | $101.13M | $138.82M | $51.46M | $17.56M | $13.15M | $9.47M | $0 | $11.13M | $10.68M | $0 |
| Net Debt | $28.54M | $70.66M | $59.17M | $103.21M | $29.57M | $12.26M | $7.62M | $2.52M | -$5.93M | $5.93M | $9.69M | $0 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Operating Activities | ||||||||||||
| Net Income | -$51.45M | $11.19M | $82.31M | $116.04M | $39.76M | -$4.91M | $24.93M | $25.07M | -$15.39M | -$7.52M | -$2.34M | -$1.77M |
| Depreciation & Amortization | $69.82M | $67.08M | $55.66M | $42.31M | $26.82M | $21.48M | $20.03M | $12.92M | $3.56M | $481K | $75K | $68K |
| Deferred Income Tax | -$11.72M | $1.68M | $18.71M | $29.23M | $4.64M | -$3.5M | $5.16M | $109K | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $17.57M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||
| Accounts Receivable | $19.23M | $23.28M | -$55.69M | $3.28M | -$24.15M | -$1.04M | -$8.53M | -$3.56M | -$6.25M | -$915K | $0 | $0 |
| Inventory | -$43.8M | -$6.2M | $7.81M | -$29.18M | -$3.84M | $3.31M | -$1.08M | -$4.13M | -$8.54M | -$1.52M | $0 | $0 |
| Accounts Payable | -$10.04M | -$4.83M | $24.55M | $12.73M | -$1.82M | $2.75M | -$7.31M | -$1.52M | $15.54M | $1.86M | $92K | $0 |
| Other Working Capital | $9.6M | $2.08M | $24.2M | $6.11M | $11.87M | -$538K | $5.06M | $3.94M | -$461K | -$560K | $253K | -$4K |
| Total Working Capital Change | -$25.01M | $14.34M | $865K | -$7.07M | -$17.95M | $4.49M | -$11.86M | -$5.27M | $284K | -$215K | $345K | -$4K |
| Other Non-Cash Items | $2.75M | $18.38M | $3.49M | $7.36M | $67K | -$4.25M | $4.12M | $3.21M | $2.8M | $3.39M | $0 | $0 |
| Net Cash from Operating | $1.97M | $112.67M | $161.04M | $187.87M | $53.34M | $13.31M | $42.38M | $36.04M | -$8.75M | -$3.86M | -$1.92M | -$1.7M |
| Investing Activities | ||||||||||||
| Capital Expenditures | -$62.78M | -$68.84M | -$82.9M | -$123.01M | -$59.61M | -$24.75M | -$45.72M | -$48.14M | -$75.04M | -$16.72M | -$4.85M | -$4.18M |
| Acquisitions | $0 | $260K | $574K | -$21.64M | $0 | $0 | $0 | $0 | $0 | -$303K | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$64.78M | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.2M | $55.24M | $4.35M | $1.39M | $0 |
| Other Investing Activities | -$20.88M | -$2.25M | $10.12M | -$1.06M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$83.67M | -$70.83M | -$72.21M | -$145.71M | -$59.61M | -$24.75M | -$45.72M | -$42.94M | -$19.8M | -$77.46M | -$3.46M | -$4.18M |
| Financing Activities | ||||||||||||
| Debt Repaid | -$358.4M | $10.6M | $44.17M | $4.09M | -$23.77M | -$12.89M | -$3.42M | -$8.9M | $11.13M | -$3.95M | $370K | -$4.51M |
| Common Stock Issuance | $802K | $534K | $0 | $107K | $0 | $0 | $0 | $0 | $45.95M | $83.7M | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$4.34M | -$24.6M | -$25.82M | -$20.04M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $134.18M | -$16.12M | -$12.52M | -$4.47M | -$1.4M | -$1.6M | -$590K | -$989K | -$127K | -$2.12M | $6.74M | $1.38M |
| Net Cash from Financing | $489.04M | -$50.79M | -$82.52M | -$28.5M | $22.37M | $11.29M | $2.83M | $7.92M | $29.29M | $85.53M | $6.37M | $5.89M |
| Forex Effect | -$807K | $5K | -$59K | $55K | -$5K | $1.32M | -$904K | -$43 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $407.35M | -$8.95M | $6.25M | $13.72M | $16.09M | $1.17M | -$1.42M | $1.02M | $737K | $4.2M | $994K | $0 |
| Supplementary Data | ||||||||||||
| Operating Cash Flow | $1.97M | $112.67M | $161.04M | $187.87M | $53.34M | $13.31M | $42.38M | $36.04M | -$8.75M | -$3.86M | -$1.92M | -$1.7M |
| Capital Expenditure | -$62.78M | -$68.84M | -$82.9M | -$123.01M | -$59.61M | -$24.75M | -$45.72M | -$48.14M | -$75.04M | -$16.72M | -$4.85M | -$4.18M |
| Free Cash Flow | -$60.81M | $43.82M | $78.13M | $64.86M | -$6.27M | -$11.44M | -$3.34M | -$12.1M | -$83.79M | -$20.58M | -$6.77M | -$5.89M |
| Cash at Beginning | $33.82M | $42.76M | $36.51M | $22.79M | $6.7M | $5.53M | $6.95M | $5.93M | $5.2M | $994K | $0 | $0 |
| Cash at End | $441.17M | $33.81M | $42.76M | $36.51M | $22.79M | $6.7M | $5.53M | $6.95M | $5.93M | $5.2M | $994K | $0 |