Tearsheet

Investment Highlights

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Market Valuation

 9/4/252024202320222021
Share Price CYE$16.30$9.44$11.68  
Market Cap CYE ($ Mil)873.3503.6478.8--
Total Debt ($ Mil)134.3102.3100.6138.151.4
Total Cash ($ Mil)28.133.042.035.621.9
Enterprise Value ($ Mil)979.5605.9579.4  
Valuation Ratios     
P/S TTM1.40.60.80.00.0
P/EBIT TTM-70.720.25.20.00.0
P/E TTM-44.138.07.20.00.0
Sector Ratios     
P/S TTM (Sector)0.80.70.80.70.9
P/EBIT TTM (Sector)6.25.85.73.84.7
P/E TTM (Sector)5.26.26.24.25.7
 9/4/2520242023
Share Price CYE$16.30$9.44$11.68
Market Cap CYE ($ Mil)873.3503.6478.8
Total Debt ($ Mil)134.3102.3100.6
Total Cash ($ Mil)28.133.042.0
Enterprise Value ($ Mil)979.5605.9579.4
Valuation Ratios   
P/S TTM1.40.60.8
P/EBIT TTM-70.720.25.2
P/E TTM-44.138.07.2
Sector Ratios   
P/S TTM (Sector)0.80.70.8
P/EBIT TTM (Sector)6.25.85.7
P/E TTM (Sector)5.26.26.2

Business Description

Ramaco Resources, Inc. produces and sells metallurgical coal. The company's development portfolio includes the Elk Creek project consisting of approximately 20,200 acres of controlled mineral and 16 seams located in southern West Virginia; the Berwind property comprising approximately 41,300 acres of controlled mineral and an area of Squire Jim seam coal deposits, which is situated on the border of West Virginia and Virginia; the Knox Creek property consisting of approximately 62,100 acres of controlled mineral that is located in Virginia; and the RAM Mine property comprising approximately 1,570 acres of controlled mineral, which is situated in southwestern Pennsylvania. Show more

Price Returns Compared

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 202020212022202320242025Total [1]
Returns
METCB Return-----19%-10%-26%
Peers Return-1%34%31%2%-11%2%61%
S&P 500 Return16%27%-19%24%23%10%100%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: GGB, HCC, ANGGF, CISXF, ERELY.
[3] 2025 data is for the year up to 9/3/2025 (YTD)

Recent Active Movers

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Peer Comparisons for Ramaco Resources

Financials

METCBGGBHCCANGGFCISXFERELYMedian
NameRamaco R.Gerdau Warrior .Angang S.China St.Eregli D. 
Mkt Price-3.0355.690.28--3.03
Mkt Cap-6.12.9---4.5
Rev LTM-69,1021,22398,251340,477198,79998,251
Op Inc LTM-5,68625-5,222-1,5115,38825
FCF LTM-3,346-225-11,689-9,3571,560
FCF 3Y Avg-3,899113-3,301-8,2361,707
CFO LTM-10,530165-55,06723,70117,115
CFO 3Y Avg-9,803520-42,52217,65313,728

Growth & Margins

METCBGGBHCCANGGFCISXFERELYMedian
NameRamaco R.Gerdau Warrior .Angang S.China St.Eregli D. 
Rev Chg LTM-7.0%-27.5%-11.4%-6.7%7.8%-6.7%
Rev Chg 3Y Avg--6.6%-7.8%-9.8%-11.9%23.8%-7.8%
Rev Chg Q-5.5%-25.0%-14.8%-10.0%-17.9%-14.8%
QoQ Delta Rev Chg LTM-1.3%-7.5%-4.0%-2.7%-4.4%-4.0%
Op Mgn LTM-8.2%2.1%-5.3%-0.4%2.7%2.1%
Op Mgn 3Y Avg-12.0%21.5%-4.4%-0.3%5.9%5.9%
QoQ Delta Op Mgn LTM--0.3%-4.6%0.2%-1.1%-1.3%-1.1%
CFO/Rev LTM-15.2%13.5%-16.2%11.9%14.4%
CFO/Rev 3Y Avg-14.0%32.6%-11.8%10.2%12.9%
FCF/Rev LTM-4.8%-18.4%-3.4%-4.7%-0.6%
FCF/Rev 3Y Avg-5.5%5.4%-1.0%-4.9%3.2%

Valuation

METCBGGBHCCANGGFCISXFERELYMedian
NameRamaco R.Gerdau Warrior .Angang S.China St.Eregli D. 
Mkt Cap-6.12.9---4.5
P/S-0.12.4---1.2
P/EBIT-1.157.1---29.1
P/E-1.972.6---37.2
P/CFO-0.617.8---9.2
Total Yield-53.7%2.0%---27.8%
Dividend Yield-0.0%0.6%---0.3%
FCF Yield 3Y Avg-53.3%5.3%---29.3%
D/E-3.20.1---1.6
Net D/E-1.7-0.1---0.8

Returns

METCBGGBHCCANGGFCISXFERELYMedian
NameRamaco R.Gerdau Warrior .Angang S.China St.Eregli D. 
1M Rtn-4.5%5.7%61.2%--5.7%
3M Rtn-8.2%17.7%83.1%--17.7%
6M Rtn-6.0%14.5%47.0%--14.5%
12M Rtn-0.3%-0.7%43.5%--0.3%
3Y Rtn-0.3%83.9%-36.2%--0.3%
1M Excs Rtn-2.6%3.8%59.3%--3.8%
3M Excs Rtn--0.5%13.1%75.1%--13.1%
6M Excs Rtn--1.5%2.7%35.4%--2.7%
12M Excs Rtn--19.9%-24.2%28.2%---19.9%
3Y Excs Rtn--60.8%9.1%-95.2%---60.8%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Single Segment694566283169230
Total694566283169230


Price Behavior

Short Interest

Short Interest: As Of Date8152025
Short Interest: Shares Quantity154,200
Short Interest: % Change Since 731202541.3%
Average Daily Volume230,815
Days-to-Cover Short Interest1
Basic Shares Quantity53,560,000
Short % of Basic Shares0.3%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/31/2025-6.9%3.0%19.7%
3/10/20259.4%0.0%-24.8%
11/4/20242.5%5.1%8.8%
8/7/20243.9%4.5%2.6%
3/7/20246.4%0.0%0.5%
11/7/20230.8%24.2%26.2%
8/8/2023-4.4%-15.9%-30.4%
3/8/2023   
...
SUMMARY STATS   
# Positive565
# Negative171617
Median Positive3.9%3.8%8.8%
Median Negative-5.7%-15.9%-27.6%
Max Positive9.4%24.2%26.2%
Max Negative-6.9%-15.9%-30.4%

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0LAWRENCE BRYAN H 8112025Sell18.75527,9109,898,31258,071,262Form
1LEIDEL PETER A 8112025Sell18.75527,9109,898,31258,071,262Form
2LEIDEL PETER A 3272025Sell8.6746,296401,39132,272,462Form
3LAWRENCE BRYAN H 3272025Sell8.6746,296401,39132,272,462Form
4Yorktown XI Associates LLC 3272025Sell8.6756,603490,75439,458,874Form