Ramaco Resources (METC) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Ramaco Resources

NasdaqGS•Basic Materials•Coking Coal

$13.20+0.85(0.07%)Market closed

Market Cap

$664.61M

P/S

1.3x

P/B

1.8x

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.

How this company scores

WeakMetricSide Score: 34/100

Strongest: Profitability (11/25); weakest: Growth (2/25).

Profitability11/25

Growth2/25

Balance Sheet & Red Flags10/25

Cash & Earnings Quality11/25

Strengths

Long cash runwayCash-backed earningsImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 46.2x5y range 0.0x – 46.2x

Currently above its 12-quarter median.

P/S · 1.3x5y range 0.0x – 2.0x

Currently above its 18-quarter median.

P/B · 1.8x5y range 0.0x – 2.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $664.61M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $515.41M
Q. Revenue: $144.80M
TTM EBITDA: $-5.64M
TTM Op. Income: $-72.64M
Q. Op. Income: $-18.25M
TTM Net Income: $-61.75M
Q. Net Income: $-15.41M
EPS: $-0.26
Shares Out.: $64.59M

$515.41M in TTM revenue declined 17.7% YoY, reaching $144.80M last quarter. TTM EBITDA of $-5.64M and TTM operating income of $-72.64M show growth is flowing through to the bottom line. However, net income is negative at $61.75M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 7 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 11.5%
EBITDA Margin: -1.0%
Op. Margin: -12.6%
Net Margin: -10.6%

Op. margin of -12.6% is down 3.6% YoY — costs are rising relative to revenue. Net margin at -10.6% and gross margin of 11.5% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 39% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 1.3x
P/B Ratio: 1.8x

P/S of 1.3x and P/B of 1.8x. P/S is low relative to typical market levels. Over the past year, P/E is up 0% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.02B
Cash: $282.54M
Long-Term Debt: $452.81M
Book Value: $376.07M
D/E Ratio: 1.2
Debt/EBITDA: N/A

With $1.02B in assets and $452.81M in long-term debt, D/E is 1.2and book value is $376.07M — moderate leverage. Across the last 8 quarters, debt/equity has risen for 3 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $12.17M
TTM Free Cash Flow: $-115.61M
FCF Margin: -22.4%
FCF / Net Income: 1.9

TTM FCF of $-115.61M on $12.17M in operating cash flow. The FCF / Net Income ratio of 1.9x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 728% — an improving trend.