Sector Alpha Week of 2026-07-28
20-quarter listed-company comparison

Coking Coal Stocks

Coking Coal: Alpha Metallurgical Resources, Inc. owns the largest revenue base; Warrior Met Coal, Inc. has the fastest current growth.

The industry itself · before any single company

How has Coking Coal moved against S&P 500?

The line below covers 5.2 years. Over the most recent two of them this industry is 48% behind S&P 500. Earnings across its companies fell 98% on average over the last four reported quarters.

BASING · 1y −12.9%⚠Price down, no fundamental support1 of 4 companies ahead of S&P 500 by 5% or more over three months

RS — · 1/4 >200d (+0) · 1/4 lead (+0) · EPS 1/4↑

2005001000202620252024202320222021 685348 TRAILING 12-MONTH EPS · 100 AT THE START0100196Mar 22Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 4 reportingJun 2022 · trailing 12-month earnings per share at 166, against 100 at the start · no comparable year yet · 4 reportingSep 2022 · trailing 12-month earnings per share at 196, against 100 at the start · no comparable year yet · 4 reportingDec 2022 · trailing 12-month earnings per share at 191, against 100 at the start · no comparable year yet · 4 reportingMar 2023 · trailing 12-month earnings per share at 178, against 100 at the start · up 77.9% on a year ago · 4 reportingJun 2023 · trailing 12-month earnings per share at 149, against 100 at the start · down 21.2% on a year ago · 4 reportingSep 2023 · trailing 12-month earnings per share at 115, against 100 at the start · down 41.5% on a year ago · 4 reportingDec 2023 · trailing 12-month earnings per share at 117, against 100 at the start · down 38.5% on a year ago · 4 reportingMar 2024 · trailing 12-month earnings per share at 109, against 100 at the start · down 40.6% on a year ago · 4 reportingJun 2024 · trailing 12-month earnings per share at 100, against 100 at the start · down 28.9% on a year ago · 4 reportingSep 2024 · trailing 12-month earnings per share at 95, against 100 at the start · down 30.5% on a year ago · 4 reportingDec 2024 · trailing 12-month earnings per share at 58, against 100 at the start · down 59.4% on a year ago · 4 reportingMar 2025 · trailing 12-month earnings per share at 19, against 100 at the start · down 85.5% on a year ago · 4 reportingJun 2025 · trailing 12-month earnings per share at 6, against 100 at the start · down 95.2% on a year ago · 4 reportingSep 2025 · trailing 12-month earnings per share at 5, against 100 at the start · down 95.4% on a year ago · 4 reportingDec 2025 · trailing 12-month earnings per share at 0, against 100 at the start · down 100.0% on a year ago · 4 reportingMar 2026 · trailing 12-month earnings per share at 0, against 100 at the start · down 100.0% on a year ago · 4 reportingNot reported yet — earnings trail price by a quarter or two0 · Mar 26No earnings on file this far back — the price series reaches further than the filings do
2005001000202620252024202320222021 685348 TRAILING 12-MONTH EPS · 100 AT THE START0100196Mar 22Mar 23Mar 24Mar 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 4 reportingJun 2022 · trailing 12-month earnings per share at 166, against 100 at the start · no comparable year yet · 4 reportingSep 2022 · trailing 12-month earnings per share at 196, against 100 at the start · no comparable year yet · 4 reportingDec 2022 · trailing 12-month earnings per share at 191, against 100 at the start · no comparable year yet · 4 reportingMar 2023 · trailing 12-month earnings per share at 178, against 100 at the start · up 77.9% on a year ago · 4 reportingJun 2023 · trailing 12-month earnings per share at 149, against 100 at the start · down 21.2% on a year ago · 4 reportingSep 2023 · trailing 12-month earnings per share at 115, against 100 at the start · down 41.5% on a year ago · 4 reportingDec 2023 · trailing 12-month earnings per share at 117, against 100 at the start · down 38.5% on a year ago · 4 reportingMar 2024 · trailing 12-month earnings per share at 109, against 100 at the start · down 40.6% on a year ago · 4 reportingJun 2024 · trailing 12-month earnings per share at 100, against 100 at the start · down 28.9% on a year ago · 4 reportingSep 2024 · trailing 12-month earnings per share at 95, against 100 at the start · down 30.5% on a year ago · 4 reportingDec 2024 · trailing 12-month earnings per share at 58, against 100 at the start · down 59.4% on a year ago · 4 reportingMar 2025 · trailing 12-month earnings per share at 19, against 100 at the start · down 85.5% on a year ago · 4 reportingJun 2025 · trailing 12-month earnings per share at 6, against 100 at the start · down 95.2% on a year ago · 4 reportingSep 2025 · trailing 12-month earnings per share at 5, against 100 at the start · down 95.4% on a year ago · 4 reportingDec 2025 · trailing 12-month earnings per share at 0, against 100 at the start · down 100.0% on a year ago · 4 reportingMar 2026 · trailing 12-month earnings per share at 0, against 100 at the start · down 100.0% on a year ago · 4 reportingNot reported yet — earnings trail price by a quarter or two0No earnings on file this far back — the price series reaches further than the filings do
Coking Coal, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy NarrowHow much of the industry is participating, how recently, and whether the movers score well.
Together1 of 4 stocks moving
Fresh0 crossed in the last 4 weeks
Backed by scoresmovers score −6 vs the industry average
Down the cap ladder — bar is now, tick is four weeks ago
Large 0/10
Mid 1/20
Small 0/10

Participation is not spreading downward this month; the larger companies are still carrying most of it.

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 4 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Coking Coal outperforming S&P 500?

Coking Coal has outperformed S&P 500 by 8.5% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 14.3%. 1 of 5 covered companies currently beats the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. SunCoke Energy, Inc. is the strongest against the sector itself at +39.9%.

-14.3%Sector vs S&P 500 · 13 weeks
+8.5%Sector vs S&P 500 · 52 weeks
1/5Stocks leading S&P 500
2/5Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Coking Coal has outperformed S&P 500 by 8.5% over 52 weeks and 14.3% over 13 weeks. 1 of 5 covered companies beat the S&P 500 on Mansfield relative strength, while 2 of 5 beat the sector itself. Alpha Metallurgical Resources, Inc. leads with revenue of $2,122 million, based on 5 of 5 comparable companies through Mar 2026.

Is the Coking Coal sector outperforming S&P 500?

Coking Coal has outperformed S&P 500 by 8.5% over 52 weeks and 14.3% over 13 weeks. 1 of 5 covered companies beat the S&P 500 on Mansfield relative strength, while 2 of 5 beat the sector itself.

Which Coking Coal company is largest by revenue?

Alpha Metallurgical Resources, Inc. leads with revenue of $2,122 million, based on 5 of 5 comparable companies through Mar 2026.

Which Coking Coal company is growing fastest?

Warrior Met Coal, Inc. has the fastest current revenue growth at 11.2%, across 4 of 5 comparable companies.

Which Coking Coal company has the strongest 4-Factor Sector Score?

Warrior Met Coal, Inc. ranks first at 68.2/100 with 77.7% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Coking Coal company reports the most CAPEX?

Warrior Met Coal, Inc. reports the largest latest CAPEX at $80 million, with 5 of 5 companies comparable.

Which Coking Coal company has the least gross debt?

Alpha Metallurgical Resources, Inc. has the lowest comparable gross debt at $12 million. SunCoke Energy, Inc. has the highest at $662 million.

Which Coking Coal company has the lowest comparable PEG?

Warrior Met Coal, Inc. has the lowest comparable Guarded PEG at 1.17, among 1 of 5 companies that pass the metric’s comparability rules.

How much history does this Coking Coal comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
5
complete canonical membership
Combined market value
$8.2B
Warrior Met Coal, Inc.
Revenue growing
1/4
positive TTM year-on-year growth
Beating S&P 500
1/5
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Warrior Met Coal, Inc. has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 77.7% evidence confidence.
SunCoke Energy, Inc. has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Warrior Met Coal, Inc. · HCC

68.2/100 · Favorable setup · 78% evidence

Exact sum: 26.7 + 16.4 + 12.7 + 12.4 = 68.2

Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.

26.7/35Growth & earnings

Revenue 11.2% · PAT 30.2% · OPM change 23.1 pp

71% evidence

16.4/25Capital efficiency

ROCE 3.2% · debt/equity 0.11×

80% evidence

12.7/20Valuation

P/E 35.6× · PEG 1.17

65% evidence

12.4/20Relative strength

RS sector 13.6% · RS bench -8.6% · 1Y 53.4%

100% evidence

2. SunCoke Energy, Inc. · SXC

46.1/100 · Mixed-negative evidence · 76% evidence

Exact sum: 7 + 8.3 + 10.8 + 20 = 46.1

Decision use: Price leads the evidence: RS versus the benchmark is 13.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

7.0/35Growth & earnings

Revenue -1.4% · PAT -160.4% · OPM change -5.9 pp

95% evidence

8.3/25Capital efficiency

ROCE 0.3% · debt/equity 1.08×

80% evidence

10.8/20Valuation

P/E 10.7× · PEG —

15% evidence

20.0/20Relative strength

RS sector 39.9% · RS bench 13.3% · 1Y 27%

100% evidence

3. Alpha Metallurgical Resources, Inc. · AMR

41.8/100 · Mixed-negative evidence · 68% evidence

Exact sum: 17.5 + 10.4 + 9.3 + 4.6 = 41.8

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

17.5/35Growth & earnings

Revenue -19.2% · PAT -244.4% · OPM change 5.6 pp

71% evidence

10.4/25Capital efficiency

ROCE -0.5% · debt/equity 0.01×

80% evidence

9.3/20Valuation

P/E 62× · PEG —

15% evidence

4.6/20Relative strength

RS sector -5.4% · RS bench -24.3% · 1Y 26.1%

100% evidence

4. Ramaco Resources, Inc. · METCB

28.4/100 · Adverse evidence · 62% evidence

Exact sum: 11.2 + 5.7 + 8.5 + 3 = 28.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

11.2/35Growth & earnings

Revenue -8.6% · PAT -6100% · OPM change -11.1 pp

71% evidence

5.7/25Capital efficiency

ROCE -3.2% · debt/equity 1.07×

80% evidence

8.5/20Valuation

P/E 84.4× · PEG —

15% evidence

3.0/20Relative strength

RS sector -35.6% · RS bench -48.4% · 1Y -43.5%

70% evidence

5. American Resources Corporation · AREC

39.5/100 · Thin evidence · provisional · 50% evidence

Exact sum: 9.6 + 13.1 + 11.5 + 5.3 = 39.5

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

9.6/35Growth & earnings

Revenue — · PAT — · OPM change -30439.3 pp

45% evidence

13.1/25Capital efficiency

ROCE 4.2% · debt/equity 0.21×

68% evidence

11.5/20Valuation

P/E 3.9× · PEG —

15% evidence

5.3/20Relative strength

RS sector -23.3% · RS bench -39.4% · 1Y 45.8%

70% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Alpha Metallurgical Resources, Inc. has the highest Revenue among the 5 Coking Coal companies compared here, at $2,122 million. SunCoke Energy, Inc. is next at $1,856 million. Warrior Met Coal, Inc. has the highest Revenue growth at 11.2%, so level and change sit with different companies. 5 of 5 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Alpha Metallurgical Resources, Inc. is the scale leader at $2,122 million, 14.3% ahead of SunCoke Energy, Inc.. Warrior Met Coal, Inc.'s growth is 11.2% from a $1,470 million base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderAlpha Metallurgical Resources, Inc. · $2,122 million
Gap14.3% versus #2 · SunCoke Energy, Inc.
Persistence0/8 recent comparable periods
Coverage5/5 companies · 99 observations

Investor read: Alpha Metallurgical Resources, Inc. is the scale benchmark; Warrior Met Coal, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Alpha Metallurgical Resources, Inc.'s growth falls below Warrior Met Coal, Inc.'s for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Alpha Metallurgical Resources, Inc. AMR$2.1B
2SunCoke Energy, Inc. SXC$1.9B
3Warrior Met Coal, Inc. HCC$1.5B
4Ramaco Resources, Inc. METCB$574M
5American Resources Corporation AREC$0M
Revenue growthfastest growers
1Warrior Met Coal, Inc. HCC11%
2SunCoke Energy, Inc. SXC-1.4%
3Ramaco Resources, Inc. METCB-8.6%
4Alpha Metallurgical Resources, Inc. AMR-19%
Revenue · company comparison
5/5 level · 4/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Alpha Metallurgical Resources, Inc. AMR$525M-1.3%Mar 2026
Warrior Met Coal, Inc. HCC$459M53%Mar 2026
SunCoke Energy, Inc. SXC$455M4.4%Mar 2026
Ramaco Resources, Inc. METCB$122M-9.6%Mar 2026
American Resources Corporation AREC$0M-100%Dec 2025
Full 20-quarter history · every available company

Revenue · reported quarter history

Alpha Metallurgical Resources, Inc. · AMR

$395M
$649M
$828M
$1.1B
$1.3B
$870M
$823M
$911M
$858M
$742M
$960M
$864M
$804M
$672M
$617M
$532M
$550M
$527M
$520M
$525M

American Resources Corporation · AREC

$0M
$3M
$0M
$9M
$16M
$10M
$0M
$9M
$2M
$6M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
—

Ramaco Resources, Inc. · METCB

$76M
$76M
$88M
$155M
$139M
$137M
$135M
$166M
$137M
$187M
$203M
$173M
$155M
$167M
$171M
$135M
$153M
$171M
$128M
$122M

SunCoke Energy, Inc. · SXC

$364M
$367M
$365M
$440M
$502M
$517M
$514M
$488M
$534M
$520M
$521M
$488M
$471M
$490M
$486M
$436M
$434M
$487M
$480M
$455M

Warrior Met Coal, Inc. · HCC

$227M
$202M
$416M
$379M
$625M
$390M
$345M
$510M
$380M
$423M
$364M
$504M
$397M
$328M
$297M
$300M
$298M
$329M
$384M
$459M

Revenue growth · reported quarter history

Alpha Metallurgical Resources, Inc. · AMR

—
—
—
—
238%
34%
-0.6%
-15%
-36%
-15%
17%
-5.2%
-6.3%
-9.4%
-36%
-38%
-32%
-22%
-16%
-1.3%

American Resources Corporation · AREC

—
—
—
—
—
233%
—
0.0%
-88%
-40%
—
-100%
-100%
-100%
—
—
—
—
—
—

Ramaco Resources, Inc. · METCB

—
—
—
—
83%
80%
53%
7.1%
-1.4%
37%
50%
4.2%
13%
-11%
-16%
-22%
-1.3%
2.4%
-25%
-9.6%

SunCoke Energy, Inc. · SXC

—
—
—
—
38%
41%
41%
11%
6.4%
0.6%
1.4%
0.0%
-12%
-5.8%
-6.7%
-11%
-7.9%
-0.6%
-1.2%
4.4%

Warrior Met Coal, Inc. · HCC

—
—
—
—
175%
93%
-17%
35%
-39%
8.5%
5.5%
-1.2%
4.5%
-22%
-18%
-40%
-25%
0.3%
29%
53%
02 · compare level, then change

Operating Economics & Margin Trend

Warrior Met Coal, Inc. has the highest OPM among the 5 Coking Coal companies compared here, at 17.3%. SunCoke Energy, Inc. is next at 1%. The same company also holds the highest Margin change, at +23.1 percentage points. 4 of 5 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Warrior Met Coal, Inc. leads both opm at 17.3% and margin change at +23.1 percentage points.

LeaderWarrior Met Coal, Inc. · 17.3%
Gap17.3× versus #2 · SunCoke Energy, Inc.
Persistence2/8 recent comparable periods
Coverage4/5 companies · 87 observations

Investor read: Warrior Met Coal, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Warrior Met Coal, Inc. HCC17%
2SunCoke Energy, Inc. SXC1.0%
3Alpha Metallurgical Resources, Inc. AMR-2.0%
4Ramaco Resources, Inc. METCB-20%
Margin changefastest expanders
1Warrior Met Coal, Inc. HCC+23.1 pp
2Alpha Metallurgical Resources, Inc. AMR+5.6 pp
3SunCoke Energy, Inc. SXC−5.9 pp
4Ramaco Resources, Inc. METCB−11.1 pp
5American Resources Corporation AREC−30,439.3 pp
Operating margin · company comparison
4/5 level · 5/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyOPMMargin changeReported
Warrior Met Coal, Inc. HCC17%+23.1 ppMar 2026
SunCoke Energy, Inc. SXC1.0%−5.9 ppMar 2026
Alpha Metallurgical Resources, Inc. AMR-2.0%+5.6 ppMar 2026
Ramaco Resources, Inc. METCB-20%−11.1 ppMar 2026
American Resources Corporation AREC-32%−30,439.3 ppDec 2025
Full 20-quarter history · every available company

OPM · reported quarter history

Alpha Metallurgical Resources, Inc. · AMR

-0.6%
15%
34%
42%
49%
30%
26%
35%
25%
16%
22%
16%
8.8%
0.8%
1.6%
-7.6%
0.5%
-0.5%
-4.1%
-2.0%

American Resources Corporation · AREC

—
-279%
—
-44%
-26%
-49%
—
-30%
-367%
-32%
—
—
—
—
—
—
—
—
—
—

Ramaco Resources, Inc. · METCB

9.2%
12%
26%
34%
31%
27%
13%
19%
7.3%
8.6%
18%
1.9%
3.5%
1.0%
3.7%
-8.9%
-9.1%
-8.5%
-12%
-20%

SunCoke Energy, Inc. · SXC

9.3%
11%
7.7%
11%
6.9%
9.2%
4.5%
6.5%
7.0%
5.7%
5.0%
7.1%
7.4%
9.6%
7.3%
6.9%
2.3%
2.8%
-20%
1.0%

Warrior Met Coal, Inc. · HCC

-1.2%
25%
44%
49%
60%
32%
34%
41%
24%
25%
37%
30%
18%
12%
-1.4%
-5.8%
2.6%
6.3%
9.0%
17%

Margin change · reported quarter history

Alpha Metallurgical Resources, Inc. · AMR

—
—
—
—
+49.1 pp
+14.8 pp
−7.2 pp
−7.8 pp
−23.1 pp
−14.4 pp
−4.1 pp
−18.1 pp
−16.6 pp
−15.0 pp
−20.6 pp
−24.0 pp
−8.3 pp
−1.3 pp
−5.7 pp
+5.6 pp

American Resources Corporation · AREC

—
—
—
+56,055.4 pp
+1,395.1 pp
+230.0 pp
−24,583.8 pp
+14.2 pp
−341.9 pp
+16.8 pp
+59,357.6 pp
−7,128.6 pp
−2,05,563.6 pp
−3,718.2 pp
+15,515.8 pp
−8,450.5 pp
+1,54,855.0 pp
−26,52,989.9 pp
−30,439.3 pp
—

Ramaco Resources, Inc. · METCB

—
—
—
—
+21.6 pp
+15.3 pp
−12.3 pp
−14.9 pp
−23.5 pp
−18.2 pp
+5.0 pp
−17.3 pp
−3.8 pp
−7.6 pp
−14.7 pp
−10.8 pp
−12.6 pp
−9.5 pp
−15.9 pp
−11.1 pp

SunCoke Energy, Inc. · SXC

—
—
—
—
−2.4 pp
−2.1 pp
−3.2 pp
−4.6 pp
+0.1 pp
−3.5 pp
+0.5 pp
+0.6 pp
+0.4 pp
+3.9 pp
+2.3 pp
−0.2 pp
−5.1 pp
−6.8 pp
−27.7 pp
−5.9 pp

Warrior Met Coal, Inc. · HCC

—
—
—
—
+60.8 pp
+6.6 pp
−10.2 pp
−8.2 pp
−35.8 pp
−6.5 pp
+2.6 pp
−11.5 pp
−5.9 pp
−13.5 pp
−38.1 pp
−35.4 pp
−15.3 pp
−5.6 pp
+10.4 pp
+23.1 pp
03 · compare level, then change

Profit Scale & Acceleration

Warrior Met Coal, Inc. has the highest Net profit among the 5 Coking Coal companies compared here, at $138 million. American Resources Corporation is next at $14 million net cash. SunCoke Energy, Inc. has the highest Profit growth at -160.4%, so level and change sit with different companies. Its Net profit series carries 20 reported observations across the 20-quarter window.

What the numbers say: Warrior Met Coal, Inc. leads with $138 million of TTM profit, 1085.7% above American Resources Corporation. SunCoke Energy, Inc. shows -160.4% growth from a $61 million net cash profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderWarrior Met Coal, Inc. · $138 million
Gap1085.7% versus #2 · American Resources Corporation
Persistence1/8 recent comparable periods
Coverage5/5 companies · 99 observations

Investor read: Warrior Met Coal, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Warrior Met Coal, Inc. HCC$138M
2American Resources Corporation AREC$-14M
3Alpha Metallurgical Resources, Inc. AMR$-39M
4Ramaco Resources, Inc. METCB$-60M
5SunCoke Energy, Inc. SXC$-61M
Profit growthfastest growers
1SunCoke Energy, Inc. SXC-160%
Net profit · company comparison
5/5 level · 1/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
Warrior Met Coal, Inc. HCC$72M2,200%Mar 2026
American Resources Corporation AREC$10M-23%Dec 2025
SunCoke Energy, Inc. SXC$-3M-116%Mar 2026
Alpha Metallurgical Resources, Inc. AMR$-11M-250%Mar 2026
Ramaco Resources, Inc. METCB$-18M-475%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Alpha Metallurgical Resources, Inc. · AMR

$-19M
$84M
$256M
$401M
$574M
$253M
$221M
$271M
$181M
$94M
$176M
$127M
$59M
$4M
$-2M
$-34M
$-5M
$-6M
$-17M
$-11M

American Resources Corporation · AREC

$-7M
$-9M
$-11M
$-3M
$-2M
$-5M
$-11M
$-3M
$-8M
$-2M
$11M
$-7M
$-11M
$-11M
$13M
$-7M
$-9M
$-8M
$10M
—

Ramaco Resources, Inc. · METCB

$10M
$7M
$19M
$41M
$33M
$27M
$14M
$25M
$8M
$19M
$30M
$2M
$6M
$0M
$4M
$-9M
$-14M
$-13M
$-15M
$-18M

SunCoke Energy, Inc. · SXC

$-8M
$24M
$14M
$31M
$19M
$43M
$13M
$18M
$22M
$9M
$15M
$21M
$23M
$33M
$26M
$19M
$4M
$24M
$-86M
$-3M

Warrior Met Coal, Inc. · HCC

$-5M
$38M
$138M
$146M
$297M
$98M
$100M
$182M
$82M
$85M
$129M
$137M
$71M
$42M
$1M
$-8M
$6M
$37M
$23M
$72M

Profit growth · reported quarter history

Alpha Metallurgical Resources, Inc. · AMR

—
—
—
—
—
201%
-14%
-32%
-68%
-63%
-20%
-53%
-67%
-96%
-101%
-127%
-108%
-250%
—
—

American Resources Corporation · AREC

—
—
—
—
—
—
—
—
—
—
—
—
—
—
18%
—
—
—
-23%
—

Ramaco Resources, Inc. · METCB

—
—
—
—
230%
286%
-26%
-39%
-76%
-30%
114%
-92%
-25%
-100%
-87%
-550%
-333%
—
-475%
—

SunCoke Energy, Inc. · SXC

—
—
—
—
—
79%
-7.1%
-42%
16%
-79%
15%
17%
4.6%
267%
73%
-9.5%
-83%
-27%
-431%
-116%

Warrior Met Coal, Inc. · HCC

—
—
—
—
—
158%
-28%
25%
-72%
-13%
29%
-25%
-13%
-51%
-99%
-106%
-92%
-12%
2,200%
—
04 · compare level, then change

Capacity Spending & Returns On It

Warrior Met Coal, Inc. has the highest CAPEX among the 5 Coking Coal companies compared here, at $80 million. Alpha Metallurgical Resources, Inc. is next at $41 million. The same company also holds the highest CAPEX intensity, at 17.4%. 5 of 5 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Warrior Met Coal, Inc. reports $80 million of CAPEX; Warrior Met Coal, Inc. has the highest covered intensity at 17.4%. Coverage is only 5 of 5 companies and 97 reported observations, so this is partial evidence—not a complete sector rank.

LeaderWarrior Met Coal, Inc. · $80 million
Gap95.1% versus #2 · Alpha Metallurgical Resources, Inc.
Persistence8/8 recent comparable periods
Coverage5/5 companies · 97 observations

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1Warrior Met Coal, Inc. HCC$80M
2Alpha Metallurgical Resources, Inc. AMR$41M
3Ramaco Resources, Inc. METCB$17M
4SunCoke Energy, Inc. SXC$17M
5American Resources Corporation AREC$1M
CAPEX intensityhighest reinvestment intensity
1Warrior Met Coal, Inc. HCC17%
2Ramaco Resources, Inc. METCB14%
3Alpha Metallurgical Resources, Inc. AMR7.8%
4SunCoke Energy, Inc. SXC3.7%
5American Resources Corporation AREC0.0%
Capital expenditure · company comparison
5/5 level · 5/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyCAPEXCAPEX intensityReported
Warrior Met Coal, Inc. HCC$80M17%Mar 2026
Alpha Metallurgical Resources, Inc. AMR$41M7.8%Mar 2026
Ramaco Resources, Inc. METCB$17M14%Mar 2026
SunCoke Energy, Inc. SXC$17M3.7%Mar 2026
American Resources Corporation AREC$1M0.0%Dec 2025
Full 20-quarter history · every available company

CAPEX · reported quarter history

Alpha Metallurgical Resources, Inc. · AMR

$18M
$22M
$23M
$28M
$42M
$33M
$61M
$74M
$55M
$55M
$62M
$64M
$61M
$37M
$37M
$38M
$35M
$27M
$27M
$41M

American Resources Corporation · AREC

$0M
$2M
$0M
$1M
$0M
$5M
$5M
$1M
$0M
—
$3M
$1M
$1M
—
$2M
$0M
$0M
$0M
$1M
—

Ramaco Resources, Inc. · METCB

$5M
$9M
$12M
$20M
$34M
$38M
$32M
$24M
$24M
$17M
$18M
$19M
$21M
$17M
$12M
$20M
$16M
$17M
$12M
$17M

SunCoke Energy, Inc. · SXC

$14M
$18M
$47M
$13M
$21M
$22M
$20M
$23M
$28M
$34M
$25M
$16M
$18M
$15M
$25M
$5M
$13M
$26M
$24M
$17M

Warrior Met Coal, Inc. · HCC

$15M
$10M
$24M
$20M
$79M
$56M
$98M
$83M
$147M
$112M
$182M
$102M
$122M
$123M
$142M
$79M
$94M
$124M
$104M
$80M

CAPEX intensity · reported quarter history

Alpha Metallurgical Resources, Inc. · AMR

4.6%
3.4%
2.8%
2.6%
3.1%
3.8%
7.4%
8.1%
6.4%
7.4%
6.5%
7.4%
7.6%
5.5%
6.0%
7.1%
6.4%
5.1%
5.2%
7.8%

American Resources Corporation · AREC

—
67%
—
11%
0.0%
50%
—
11%
0.0%
—
—
—
—
—
—
—
—
—
—
—

Ramaco Resources, Inc. · METCB

6.6%
12%
14%
13%
25%
28%
24%
15%
18%
9.1%
8.9%
11%
14%
10%
7.0%
15%
11%
9.9%
9.4%
14%

SunCoke Energy, Inc. · SXC

3.8%
4.9%
13%
3.0%
4.2%
4.3%
3.9%
4.7%
5.2%
6.5%
4.8%
3.3%
3.8%
3.1%
5.1%
1.1%
3.0%
5.3%
5.0%
3.7%

Warrior Met Coal, Inc. · HCC

6.6%
5.0%
5.8%
5.3%
13%
14%
28%
16%
39%
27%
50%
20%
31%
38%
48%
26%
32%
38%
27%
17%
Annual capital allocation · 5-year view
5/5 capacity base · 5/5 OCF · 5/5 CAPEX · 5/5 FCF

Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.

Full annual capacity base, operating cash flow, CAPEX and free cash flow history

Capacity base · net fixed assets + CWIP · fiscal-year history

Operating cash flow · fiscal-year history

CAPEX · reported cash flow · fiscal-year history

Free cash flow · fiscal-year history

05 · compare level, then change

Debt Load & Balance-Sheet Headroom

Alpha Metallurgical Resources, Inc. has the lowest Gross debt among the 5 Coking Coal companies compared here, at $12 million. American Resources Corporation is next at $20 million. The same company also holds the lowest Net debt, at $355 million net cash. 5 of 5 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Alpha Metallurgical Resources, Inc. has the clearest covered balance-sheet capacity with $355 million net cash and gross debt of $12 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderAlpha Metallurgical Resources, Inc. · $12 million
Gap40% versus #2 · American Resources Corporation
Persistence8/8 recent comparable periods
Coverage5/5 companies · 99 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Alpha Metallurgical Resources, Inc. AMR$12M
2American Resources Corporation AREC$20M
3Warrior Met Coal, Inc. HCC$234M
4Ramaco Resources, Inc. METCB$469M
5SunCoke Energy, Inc. SXC$662M
Net debtlowest net debt
1Alpha Metallurgical Resources, Inc. AMR$-355M
2American Resources Corporation AREC$-52M
3Warrior Met Coal, Inc. HCC$1M
4Ramaco Resources, Inc. METCB$114M
5SunCoke Energy, Inc. SXC$558M
Debt and balance-sheet capacity · company comparison
5/5 level · 5/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGross debtNet debtReported
SunCoke Energy, Inc. SXC$662M$558MMar 2026
Ramaco Resources, Inc. METCB$469M$114MMar 2026
Warrior Met Coal, Inc. HCC$234M$1MMar 2026
American Resources Corporation AREC$20M$-52MDec 2025
Alpha Metallurgical Resources, Inc. AMR$12M$-355MMar 2026
Full 20-quarter history · every available company

Gross debt · reported quarter history

Alpha Metallurgical Resources, Inc. · AMR

$580M
$505M
$449M
$251M
$5M
$5M
$11M
$12M
$11M
$11M
$10M
$9M
$9M
$7M
$6M
$5M
$6M
$13M
$13M
$12M

American Resources Corporation · AREC

$23M
$22M
$16M
$14M
$14M
$17M
$23M
$11M
$58M
$57M
$47M
$205M
$195M
$218M
$221M
$222M
$225M
$229M
$20M
—

Ramaco Resources, Inc. · METCB

$13M
$49M
$51M
$52M
$100M
$134M
$138M
$148M
$158M
$117M
$101M
$103M
$98M
$90M
$102M
$125M
$134M
$136M
$469M
$469M

SunCoke Energy, Inc. · SXC

$653M
$601M
$614M
$628M
$598M
$565M
$532M
$532M
$496M
$496M
$490M
$491M
$491M
$492M
$493M
$493M
$493M
$696M
$688M
$662M

Warrior Met Coal, Inc. · HCC

$444M
$398M
$392M
$387M
$381M
$342M
$336M
$326M
$324M
$176M
$173M
$172M
$171M
$170M
$173M
$172M
$236M
$237M
$238M
$234M

Net debt · reported quarter history

Alpha Metallurgical Resources, Inc. · AMR

$508M
$427M
$368M
$92M
$-157M
$-399M
$-337M
$-211M
$-301M
$-285M
$-258M
$-260M
$-327M
$-478M
$-476M
$-443M
$-443M
$-403M
$-403M
$-355M

American Resources Corporation · AREC

$-5M
$3M
$5M
$9M
$10M
$13M
$12M
$11M
$55M
$54M
$44M
$203M
$194M
$217M
$220M
$222M
$223M
$227M
$-52M
—

Ramaco Resources, Inc. · METCB

$-6M
$2M
$29M
$-19M
$57M
$87M
$102M
$111M
$124M
$74M
$59M
$72M
$70M
$67M
$69M
$82M
$106M
$-58M
$29M
$114M

SunCoke Energy, Inc. · SXC

$601M
$546M
$550M
$548M
$535M
$506M
$442M
$449M
$418M
$370M
$350M
$371M
$409M
$327M
$303M
$299M
$307M
$616M
$599M
$558M

Warrior Met Coal, Inc. · HCC

$169M
$121M
$-12M
$-56M
$-272M
$-412M
$-502M
$-545M
$-512M
$-520M
$-574M
$-531M
$-547M
$-423M
$-333M
$-316M
$-195M
$-156M
$-115M
$1M
06 · compare level, then change

Return On Capital Employed

American Resources Corporation has the highest ROCE among the 5 Coking Coal companies compared here, at 4.2%. Warrior Met Coal, Inc. is next at 3.2%. Warrior Met Coal, Inc. has the highest ROCE change at +3.9 percentage points, so level and change sit with different companies. 5 of 5 companies report a comparable reading, the latest through Dec 2025.

What the numbers say: American Resources Corporation leads ROCE at 4.2%, 1 percentage points above Warrior Met Coal, Inc.. Warrior Met Coal, Inc. has the strongest latest improvement at +3.9 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderAmerican Resources Corporation · 4.2%
Gap31.3% versus #2 · Warrior Met Coal, Inc.
Persistence5/8 recent comparable periods
Coverage5/5 companies · 95 observations

Investor read: American Resources Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1American Resources Corporation AREC4.2%
2Warrior Met Coal, Inc. HCC3.2%
3SunCoke Energy, Inc. SXC0.3%
4Alpha Metallurgical Resources, Inc. AMR-0.5%
5Ramaco Resources, Inc. METCB-3.2%
ROCE changefastest improvers
1Warrior Met Coal, Inc. HCC+3.9 pp
2Alpha Metallurgical Resources, Inc. AMR+1.4 pp
3Ramaco Resources, Inc. METCB−1.0 pp
4SunCoke Energy, Inc. SXC−1.8 pp
5American Resources Corporation AREC−14.1 pp
Return on capital · company comparison
5/5 level · 5/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROCEROCE changeReported
American Resources Corporation AREC4.2%−14.1 ppDec 2025
Warrior Met Coal, Inc. HCC3.2%+3.9 ppMar 2026
SunCoke Energy, Inc. SXC0.3%−1.8 ppMar 2026
Alpha Metallurgical Resources, Inc. AMR-0.5%+1.4 ppMar 2026
Ramaco Resources, Inc. METCB-3.2%−1.0 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Alpha Metallurgical Resources, Inc. · AMR

—
6.6%
19%
29%
40%
16%
13%
17%
11%
5.9%
11%
6.8%
3.3%
0.3%
0.5%
-1.9%
0.1%
-0.1%
-1.0%
-0.5%

American Resources Corporation · AREC

-36%
-58%
-41%
-29%
-14%
-23%
-41%
-12%
-13%
-3.6%
38%
-5.9%
-6.5%
-6.5%
18%
-3.1%
-4.6%
-2.9%
4.2%
—

Ramaco Resources, Inc. · METCB

—
3.7%
9.3%
20%
15%
11%
5.1%
7.8%
2.2%
3.5%
8.0%
0.6%
1.0%
0.3%
1.2%
-2.2%
-2.5%
-2.3%
-2.0%
-3.2%

SunCoke Energy, Inc. · SXC

—
2.8%
1.9%
3.3%
2.4%
3.3%
1.6%
2.2%
2.6%
2.1%
1.8%
2.4%
2.4%
3.3%
2.4%
2.1%
0.7%
0.8%
-6.4%
0.3%

Warrior Met Coal, Inc. · HCC

—
4.2%
14%
14%
25%
8.3%
7.3%
12%
4.7%
5.6%
6.5%
6.9%
3.1%
1.7%
-0.2%
-0.7%
0.3%
0.8%
1.4%
3.2%

ROCE change · reported quarter history

Alpha Metallurgical Resources, Inc. · AMR

—
—
—
—
—
+9.3 pp
−6.1 pp
−12.3 pp
−29.2 pp
−10.0 pp
−1.8 pp
−9.8 pp
−7.8 pp
−5.6 pp
−10.2 pp
−8.7 pp
−3.2 pp
−0.4 pp
−1.5 pp
+1.4 pp

American Resources Corporation · AREC

—
—
—
—
+22.1 pp
+34.8 pp
−0.2 pp
+16.7 pp
+0.8 pp
+19.2 pp
+79.1 pp
+6.0 pp
+6.7 pp
−2.9 pp
−19.8 pp
+2.8 pp
+1.9 pp
+3.6 pp
−14.1 pp
—

Ramaco Resources, Inc. · METCB

—
—
—
—
—
+7.3 pp
−4.2 pp
−11.9 pp
−12.3 pp
−7.5 pp
+2.9 pp
−7.2 pp
−1.2 pp
−3.2 pp
−6.8 pp
−2.8 pp
−3.5 pp
−2.6 pp
−3.2 pp
−1.0 pp

SunCoke Energy, Inc. · SXC

—
—
—
—
—
+0.5 pp
−0.3 pp
−1.1 pp
+0.2 pp
−1.2 pp
+0.2 pp
+0.2 pp
−0.2 pp
+1.2 pp
+0.6 pp
−0.3 pp
−1.7 pp
−2.5 pp
−8.8 pp
−1.8 pp

Warrior Met Coal, Inc. · HCC

—
—
—
—
—
+4.1 pp
−7.1 pp
−1.9 pp
−20.4 pp
−2.7 pp
−0.8 pp
−5.0 pp
−1.6 pp
−3.9 pp
−6.7 pp
−7.6 pp
−2.8 pp
−0.9 pp
+1.6 pp
+3.9 pp
07 · compare level, then change

Valuation Against Growth & Quality

Warrior Met Coal, Inc. has the lowest Guarded PEG among the 5 Coking Coal companies compared here, at 1.17×. American Resources Corporation has the lowest P/E at 3.94×, so level and change sit with different companies. 1 of 5 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Warrior Met Coal, Inc. has the lowest comparable Guarded PEG at 1.17×. Only 1 of 5 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderWarrior Met Coal, Inc. · 1.17×
GapNot enough peers
Persistence0/8 recent comparable periods
Coverage1/5 companies · 6 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Warrior Met Coal, Inc. HCC1.2
P/Elowest P/E
1American Resources Corporation AREC3.9
2SunCoke Energy, Inc. SXC10.7
3Warrior Met Coal, Inc. HCC35.6
4Alpha Metallurgical Resources, Inc. AMR62.0
5Ramaco Resources, Inc. METCB84.4
Valuation · company comparison
1/5 level · 5/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGuarded PEGP/EReported
Warrior Met Coal, Inc. HCC1.235.6Mar 2026
SunCoke Energy, Inc. SXC0.510.7Mar 2026
Alpha Metallurgical Resources, Inc. AMR—62.0Mar 2026
Ramaco Resources, Inc. METCB—84.4Mar 2026
American Resources Corporation AREC—3.9Dec 2025
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

SunCoke Energy, Inc. · SXC

—
—
—
—
—
—
—
0.2
0.9
—
—
—
—
0.2
—
0.2
0.5
—
—
—

Warrior Met Coal, Inc. · HCC

—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1.2

P/E · reported quarter history

Alpha Metallurgical Resources, Inc. · AMR

—
—
4.0
3.5
1.9
1.8
1.8
2.1
2.9
5.3
6.9
8.0
8.4
8.7
14.0
62.0
—
—
—
—

American Resources Corporation · AREC

—
—
—
—
—
—
—
—
196.0
27.8
—
—
—
—
—
—
—
—
3.9
—

Ramaco Resources, Inc. · METCB

—
—
—
—
—
—
—
—
8.6
11.1
12.1
14.6
11.8
19.1
84.4
—
—
—
—
—

SunCoke Energy, Inc. · SXC

—
20.9
12.7
13.5
7.0
4.8
7.3
8.7
7.4
15.6
15.8
15.9
13.6
8.7
9.6
8.4
10.0
10.7
—
—

Warrior Met Coal, Inc. · HCC

—
—
8.8
6.0
2.6
2.2
2.8
2.8
4.4
5.9
6.6
7.3
7.8
8.8
11.3
23.7
59.5
95.0
81.6
35.6
08 · compare level, then change

Enterprise Value & Book Value

SunCoke Energy, Inc. has the lowest EV/EBITDA among the 5 Coking Coal companies compared here, at 11.4×. Warrior Met Coal, Inc. is next at 14.6×. The same company also holds the lowest P/BV, at 0.95×. 4 of 5 companies report a comparable reading, the latest through Mar 2026. Its EV/EBITDA series carries 19 reported observations across the 20-quarter window.

What the numbers say: SunCoke Energy, Inc. leads both ev/ebitda at 11.4× and p/bv at 0.95×.

LeaderSunCoke Energy, Inc. · 11.4×
Gap21.9% versus #2 · Warrior Met Coal, Inc.
Persistence0/8 recent comparable periods
Coverage4/5 companies · 68 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1SunCoke Energy, Inc. SXC11.4
2Warrior Met Coal, Inc. HCC14.6
3Alpha Metallurgical Resources, Inc. AMR16.3
4Ramaco Resources, Inc. METCB65.3
P/BVlowest P/BV
1SunCoke Energy, Inc. SXC1.0
2Ramaco Resources, Inc. METCB1.6
3Alpha Metallurgical Resources, Inc. AMR1.7
4Warrior Met Coal, Inc. HCC2.2
5American Resources Corporation AREC2.8
Enterprise and book valuation · company comparison
4/5 level · 5/5 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyEV/EBITDAP/BVReported
Ramaco Resources, Inc. METCB65.31.6Mar 2026
Alpha Metallurgical Resources, Inc. AMR16.31.7Mar 2026
Warrior Met Coal, Inc. HCC14.62.2Mar 2026
SunCoke Energy, Inc. SXC11.41.0Mar 2026
American Resources Corporation AREC—2.8Dec 2025
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Alpha Metallurgical Resources, Inc. · AMR

—
10.9
3.2
2.7
1.3
1.0
1.1
1.4
1.8
3.2
4.1
4.8
4.7
4.3
5.4
5.5
6.8
12.0
19.1
16.3

Ramaco Resources, Inc. · METCB

—
—
—
—
—
—
—
—
4.7
5.5
5.0
5.9
5.2
5.6
6.9
6.7
10.8
30.3
65.3
—

SunCoke Energy, Inc. · SXC

—
4.4
4.1
4.6
3.9
3.4
4.1
4.4
3.9
4.7
4.8
5.0
4.9
4.1
4.6
4.2
4.5
6.3
11.3
11.4

Warrior Met Coal, Inc. · HCC

—
8.1
3.4
3.4
1.4
1.1
1.4
1.4
2.3
3.3
3.9
4.3
4.6
5.5
6.1
8.9
11.7
17.9
19.3
14.6

P/BV · reported quarter history

Alpha Metallurgical Resources, Inc. · AMR

—
3.7
2.1
2.6
1.7
1.6
1.6
1.5
1.5
2.2
2.8
2.7
2.2
1.9
1.6
1.0
0.9
1.4
1.7
1.7

American Resources Corporation · AREC

16.1
41.8
-50.0
-46.7
-20.7
-19.8
309.6
15.6
13.9
8.7
-2.6
-5.5
-1.3
-1.4
-1.0
-0.5
-0.8
-2.9
2.8
—

Ramaco Resources, Inc. · METCB

—
—
—
—
—
—
—
—
1.6
1.8
1.9
1.8
1.5
1.5
1.4
1.1
1.3
2.1
1.6
1.6

SunCoke Energy, Inc. · SXC

—
1.1
1.1
1.4
1.1
0.8
1.2
1.3
1.1
1.4
1.5
1.5
1.3
1.1
1.3
1.1
1.1
1.0
1.0
1.0

Warrior Met Coal, Inc. · HCC

—
1.6
1.5
1.9
1.2
1.1
1.2
1.2
1.2
1.5
1.7
1.6
1.6
1.6
1.4
1.2
1.2
1.6
2.2
2.2
09 · let price answer last

Market action

Warrior Met Coal, Inc. has the strongest one-year price move in Coking Coal at +53.4%. SunCoke Energy, Inc. leads on Mansfield relative strength against the S&P 500 at +13.3%. 1 of 5 covered companies is above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Coking Coal comparison names 5 specific ways its own evidence can mislead, all listed below. All 5 companies here report on comparable dates, so no rank carries a stale marker. 1 of the 8 ranked sections has fewer than three usable current readings. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • Thin comparisons: Valuation have fewer than three usable current readings.
10 · the complete set

Which companies are included?

All 5 companies in the canonical Coking Coal membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentals
Warrior Met Coal, Inc. HCC$4.2B$79.02026-07-28Mar 2026
Alpha Metallurgical Resources, Inc. AMR$1.8B$1452026-07-28Mar 2026
Ramaco Resources, Inc. METCB$1.3B$6.82026-07-28Mar 2026
SunCoke Energy, Inc. SXCAHEAD$779M$9.22026-07-28Mar 2026
American Resources Corporation AREC$184M$1.72026-07-28Dec 2025
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 5 Coking Coal companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Mar 2026 and market data through 2026-07-28. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Mar 2026 · up to 20 quarters per company
Market dataThrough 2026-07-28 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Questions investors ask · short, speakable answers

Coking Coal company comparison FAQs

These 18 answers restate the Coking Coal comparison above in question form. Every one is computed from the same 5 companies and the same reported filings as the rankings and charts, current through Mar 2026. Price and relative-strength answers run through 2026-07-28. Nothing here is estimated, and none of it is a recommendation.

Which Coking Coal company is the biggest?

Alpha Metallurgical Resources, Inc. is the largest, with trailing-twelve-month revenue of $2,122 million, ahead of SunCoke Energy, Inc. at $1,856 million. That covers 5 of 5 companies with comparable reporting through Mar 2026.

Which Coking Coal company is growing fastest?

Warrior Met Coal, Inc. has the fastest revenue growth at 11.2% year on year, across 4 of 5 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Coking Coal company has the best profit margins?

Warrior Met Coal, Inc. has the highest operating margin at 17.3%, from 4 of 5 comparable companies. Warrior Met Coal, Inc. shows the biggest recent improvement, at +23.1 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Coking Coal company makes the most profit?

Warrior Met Coal, Inc. earns the most, at $138 million of trailing-twelve-month net profit, from 5 of 5 comparable companies. SunCoke Energy, Inc. has the fastest profit growth at -160.4%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Coking Coal company earns the highest return on capital?

American Resources Corporation leads on return on capital employed at 4.2%, across 5 of 5 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Coking Coal stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Warrior Met Coal, Inc. screens cheapest at 1.17×. Only 1 of 5 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Coking Coal company has the strongest balance sheet?

Alpha Metallurgical Resources, Inc. carries the lowest comparable gross debt at $12 million, from 5 of 5 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Coking Coal company is investing most in new capacity?

Warrior Met Coal, Inc. reports the largest capital spending at $80 million, across 5 of 5 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.

Is the Coking Coal sector beating the market?

Coking Coal has outperformed S&P 500 by 8.5% over the last 52 weeks and 14.3% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 1 of 5 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Coking Coal stock has the strongest price momentum?

SunCoke Energy, Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Coking Coal company scores highest for research priority?

Warrior Met Coal, Inc. scores 68.2 out of 100 with 77.7% evidence confidence, from 26.7 points on growth and earnings, 16.4 on capital efficiency, 12.7 on valuation and 12.4 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Coking Coal companies does this comparison cover, and over what period?

It compares 5 listed companies over up to 20 reported quarters of fundamentals and 5 fiscal years of capital allocation, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Coking Coal sector?

The 5 Coking Coal companies on this page carry $8,238 million of combined market value. Warrior Met Coal, Inc. is the largest at $4,171 million, about 51% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.

What is the Coking Coal sector's P/E ratio?

The median price-to-earnings ratio across the 5 Coking Coal companies on this page is 35.6×, measured on the 5 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.

How is the Coking Coal sector performing?

1 of the 5 covered Coking Coal companies are beating S&P 500 on Mansfield relative strength. The sector itself is 8.5% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.

How many Coking Coal stocks are listed in the US?

This comparison covers 5 listed Coking Coal companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Mar 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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