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Warrior Met Coal, Inc.

Rank #439Hypergrowth

HCC · NYSE · Basic Materials

Warrior Met Coal, Inc. (HCC) — Rank #439 by gross profitability (GP/assets 0.11) · ROE 2.5% · Piotroski F-Score N/A.

As-of 2026-09-15 · CIK 0001691303 · all metrics point-in-time as of the filing date.

About

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.

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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.

Industry
Coking Coal
Sector
Basic Materials
State
DE
Filer Category
Large accelerated filer
Fiscal Year End
December 31

Price History

HCC+338.8% · +34.4% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/S is the primary valuation lens — earnings are reinvested, not available for P/E.

Market Cap

$4.82B

P/E (annual)

84.5

P/S (annual)

3.7

P/B

2.1

P/OCF (annual)

21.0

Shareholder Yield

1.9%

Employees

1,485

Industry

Coking Coal

Exchange

NYSE

Signal Flags

2 green1 yellow
Revenue growth acceleratingGrowth rate increasing year over year
Sequential beat (rev + EPS)Both revenue and EPS exceeded prior quarter — 2-quarter streak
Disclosure regressionA previously-disclosed line item is no longer reported — worth checking the filing for why

Quality Profile

Profitability

GP / assets
0.11
Return on equity
2.5%
Gross margin trend
N/A

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.27
Current ratio
3.93×
Net cash
$147.75M

Cash Flow

1/1 pass
Positive FCF
N/A
Cash-backed earnings
N/A
Accruals healthy
PASS
SBC / revenue
1.5%

Growth

2/2 pass
Revenue growth
340.2%
Piotroski F-Score
N/A
Share dilution
-1.6%

Terry Smith quality gate

Passes 0/5 Terry Smith thresholds

2 of 5 thresholds not computable from filed data.

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / E

Price / diluted EPS

6.6xExpensive
2.2xmed 3.4x10.7x

P / S

Price / revenue per share

1.9xExpensive
0.8xmed 1.5x5.6x

P / B

Price / book value per share

1.7xFair
1.4xmed 1.8x4.0x

P / GP

Price / gross profit per share

4.1xExpensive
1.9xmed 2.8x8.3x

P / FCF

Price / free cash flow per share

N/A
2.4xmed 4.1x52.2x

Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.11

Primary signal (Novy-Marx).

Return on equity

2.5%

Gross margin

25.0%

Revenue growth (YoY)

340.2%

Gross margin improving

Margin trend vs prior year.

N/A

Operating Leverage

2020202120222023
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

-9.0%

Revenue CAGR (5Y)

10.8%

Earnings CAGR (3Y)

-55.4%

FCF CAGR (3Y)

—

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.27

Current ratio

3.93×

Quick ratio

2.42×

Net cash

$147.75M

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

—

Operating cash flow minus capex.

Positive free cash flow

N/A

FCF / net income

—

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

N/A

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

1.5%

Stock-based comp intensity.

Dividend safety

Composite score

1.5 / 5

Weak
Payout ratio
31.3%4/5 Strong
FCF coverage
N/A0/5 Weak
Dividend growth streak
0 yr0/5 Weak
Balance-sheet health
D/E 0.27 · IC N/A2/5 Fair

Piotroski F-Score

F-Score

N/A

Only 7/9 components determinable.

Lifecycle Phase History

20162023
Hypergrowth
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