Cash flow Ramaco Resources, Inc. Nasdaq

Stocks

METCB

US75134P5017

Iron & Steel

Market Closed - Nasdaq 16:00:00 2026-09-30 EDT			5-day change	1st Jan Change
4.490 ^USD	+6.15%		-12.65%	-59.77%

09-10	Ramaco Resources, Inc. Announces Former U.S. Senator Joe Manchin Stepping Down from the Board of Directors	CI
08-20	Ramaco Resources, Inc. Announces Management Changes, Effective August 20, 2026	CI

6d52784aaf4da75f0b7.0sIEuL6kMt7ixOawtPOsNWH2VAUtN8sq_oKVDOooC6s.hI4z4vf7UZvQoITK7ZacAFmzJU5gWYNjt-P9eKVwauSag2_v88xLn5Wd0g

Published financial data: RAMACO RESOURCES, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Revenues	283M	566M	694M	666M	537M
Total Revenues	283M	566M	694M	666M	537M
Cost of Goods Sold, Total	195M	333M	494M	533M	453M
Gross Profit	87.98M	233M	200M	133M	83.23M
Selling General & Admin Expenses, Total	21.63M	40.03M	48.83M	53.19M	69.36M
Depreciation & Amortization - (IS)	26.2M	41.19M	54.25M	65.62M	68.16M
Other Operating Expenses	615K	1.12M	1.4M	1.46M	1.67M
Other Operating Expenses, Total	48.45M	82.34M	104M	120M	139M
Operating Income	39.53M	150M	95.24M	12.74M	-55.96M
Interest Expense, Total	-2.56M	-6.83M	-8.9M	-6.12M	-7.8M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-2.56M	-6.83M	-8.9M	-6.12M	-7.8M
Other Non Operating Income (Expenses)	2.03M	524K	8.13M	4.41M	1.62M
EBT, Excl. Unusual Items	39.01M	144M	94.47M	11.02M	-62.14M
Gain (Loss) On Sale Of Assets	-	2.11M	-	-	-
Insurance Settlements	-	-	10.19M	-	-
Legal Settlements	-	-	-	3.9M	-
Other Unusual Items	5.4M	-	-	-	-
EBT, Incl. Unusual Items	44.41M	146M	105M	14.92M	-62.14M
Income Tax Expense	4.65M	30.15M	22.35M	3.73M	-10.69M
Earnings From Continuing Operations	39.76M	116M	82.31M	11.19M	-51.45M
Net Income to Company	39.76M	116M	82.31M	11.19M	-51.45M
Net Income - (IS)	39.76M	116M	82.31M	11.19M	-51.45M
Preferred Dividend and Other Adjustments	-	-	2.77M	-	936K
Net Income to Common Incl Extra Items	39.76M	116M	79.54M	11.19M	-52.38M
Net Income to Common Excl. Extra Items	39.76M	116M	79.54M	11.19M	-52.38M
Per Share Items
Net EPS - Basic	0.9	2.63	1.67	0.22	-0.89
Basic EPS - Continuing Operations	0.9	2.63	1.67	0.22	-0.89
Basic Weighted Average Shares Outstanding	43.96M	44.16M	47.64M	51.63M	58.65M
Net EPS - Diluted	0.9	2.6	1.64	0.21	-0.89
Diluted EPS - Continuing Operations	0.9	2.6	1.64	0.21	-0.89
Diluted Weighted Average Shares Outstanding	44.26M	44.7M	48.54M	53.65M	58.65M
Normalized Basic EPS	0.55	2.04	1.24	0.13	-0.66
Normalized Diluted EPS	0.55	2.01	1.22	0.13	-0.66
Dividend Per Share	-	0.45	0.5	0.55	0.21
Payout Ratio	-	17.27	31.37	219.82	-8.44
Supplemental Items
EBITDA	65.24M	188M	151M	79.82M	13.87M
EBITA	40.15M	152M	96.65M	14.2M	-54.29M
EBIT	39.53M	150M	95.24M	12.74M	-55.96M
EBITDAR	65.34M	188M	151M	80.57M	14.27M
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	10.46	20.63	21.35	24.99	17.21
Current Domestic Taxes	3K	924K	3.64M	2.05M	1.02M
Total Current Taxes	3K	924K	3.64M	2.05M	1.02M
Deferred Domestic Taxes	4.64M	29.23M	18.71M	1.68M	-11.72M
Total Deferred Taxes	4.64M	29.23M	18.71M	1.68M	-11.72M
Normalized Net Income	24.38M	90.05M	59.04M	6.89M	-38.84M
Interest Capitalized	-	1.06M	1.14M	1.5M	1.21M
Interest on Long-Term Debt	-	-	-	2.4M	2.7M
Supplemental Operating Expense Items
General and Administrative Expenses	-	-	-	-	-
Net Rental Expense, Total	100K	200K	200K	750K	400K
Imputed Operating Lease Interest Expense	59.25K	133K	134K	447K	101K
Imputed Operating Lease Depreciation	40.75K	67.31K	66.11K	303K	299K
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	17.47M	17.57M
Stock-Based Comp., Other (Total)	5.26M	8.22M	12.9M	-	-
Total Stock-Based Compensation	5.26M	8.22M	12.9M	17.47M	17.57M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Assets
Cash And Equivalents	21.89M	35.61M	41.96M	33.01M	440M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	21.89M	35.61M	41.96M	33.01M	440M
Accounts Receivable, Total	44.45M	41.17M	96.87M	73.58M	54.35M
Other Receivables	-	14.6M	-	-	-
Total Receivables	44.45M	55.77M	96.87M	73.58M	54.35M
Inventory	15.79M	44.97M	37.16M	43.36M	87.16M
Prepaid Expenses	3.71M	5.13M	12.95M	12.98M	10.25M
Restricted Cash	915K	900K	800K	800K	800K
Other Current Assets, Total	-	5.1M	-	3.9M	4.7M
Total Current Assets	86.76M	147M	190M	168M	598M
Gross Property Plant And Equipment	316M	555M	610M	697M	790M
Accumulated Depreciation	-80.27M	-112M	-140M	-201M	-262M
Net Property Plant And Equipment	236M	443M	470M	496M	529M
Long-term Investments	-	-	-	-	-
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	6.04M	5.41M	6.18M	11.27M	14.14M
Total Assets	329M	596M	666M	675M	1.14B
Liabilities
Accounts Payable, Total	15.35M	34.82M	51.62M	48.86M	41.6M
Accrued Expenses, Total	19.66M	46.26M	52.09M	61.37M	52.9M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	7.67M	75.64M	56.53M	359K	56K
Current Portion of Leases	3.49M	6.09M	5.59M	6.51M	7.64M
Other Current Liabilities	489K	29K	4.15M	5.34M	7.31M
Total Current Liabilities	46.66M	163M	170M	122M	110M
Long-Term Debt	35.7M	51.59M	33.64M	88.19M	451M
Long-Term Leases	4.6M	5.5M	5.36M	8.61M	10.97M
Deferred Tax Liability Non Current	6.41M	35.64M	54.35M	56.03M	44.31M
Other Non Current Liabilities	24.59M	31.57M	32.88M	36.62M	40.86M
Total Liabilities	118M	287M	296M	312M	657M
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	441K	442K	528K	533K	551K
Additional Paid In Capital	164M	169M	277M	293M	483M
Retained Earnings	47.07M	140M	91.94M	69.53M	-311K
Total Common Equity	211M	309M	370M	363M	484M
Total Equity	211M	309M	370M	363M	484M
Total Liabilities And Equity	329M	596M	666M	675M	1.14B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	44.27M	44.45M	54.03M	54.77M	67.71M
ECS Total Common Shares Outstanding	44.09M	44.16M	53.75M	54.15M	66.75M
Book Value / Share	4.79	7	6.88	6.7	7.24
Tangible Book Value	211M	309M	370M	363M	484M
Tangible Book Value Per Share	4.79	7	6.88	6.7	7.24
Total Debt	51.46M	139M	101M	104M	470M
Net Debt	29.57M	103M	59.17M	70.66M	29.68M
Debt Equivalent Oper. Leases	800K	1.6M	1.6M	6M	3.2M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	-	-	-	19.71M	31.69M
Inventories - Finished Goods, Total	-	-	-	17.97M	48.52M
Inventories - Others	-	-	-	5.68M	6.94M
Machinery, Total	167M	233M	290M	332M	390M
Full Time Employees	454	725	811	984	900

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Net Income	39.76M	116M	82.31M	11.19M	-51.45M
Depreciation & Amortization - CF	26.2M	41.19M	54.25M	65.62M	68.16M
Amortization of Goodwill and Intangible Assets - (CF)	615K	1.12M	1.4M	1.46M	1.67M
Depreciation & Amortization, Total	26.82M	42.31M	55.66M	67.08M	69.82M
Amortization of Deferred Charges, Total - (CF)	214K	491K	776K	934K	2.71M
(Gain) Loss From Sale Of Asset	-	-1.36M	-	-18K	38K
Stock-Based Compensation (CF)	5.26M	8.22M	12.9M	17.47M	17.57M
Other Operating Activities, Total	-763K	29.23M	8.52M	1.68M	-11.72M
Change In Accounts Receivable	-24.15M	3.28M	-55.69M	23.28M	19.23M
Change In Inventories	-3.84M	-29.18M	7.81M	-6.2M	-43.8M
Change In Accounts Payable	-1.82M	12.73M	24.55M	-4.83M	-10.04M
Change in Other Net Operating Assets	11.87M	6.11M	24.2M	2.08M	9.6M
Cash from Operations	53.34M	188M	161M	113M	1.97M
Capital Expenditure	-59.61M	-135M	-84.65M	-70.34M	-65.71M
Cash Acquisitions	-	-11.9M	1.18M	-	-
Sale (Purchase) of Real Estate properties	-	-	-	-	-18.54M
Sale (Purchase) of Intangible assets	-	2M	-	260K	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	-	-1.06M	11.26M	-755K	586K
Cash from Investing	-59.61M	-146M	-72.21M	-70.84M	-83.66M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	54.37M	42M	130M	199M	450M
Total Debt Issued	54.37M	42M	130M	199M	450M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-28.24M	-46.09M	-174M	-207M	-97.37M
Total Debt Repaid	-28.24M	-46.09M	-174M	-207M	-97.37M
Issuance of Common Stock	-	107K	-	534K	190M
Repurchase of Common Stock	-539K	-3.18M	-7.32M	-10.58M	-3.49M
Issuance of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-	-20.04M	-25.82M	-24.6M	-4.34M
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-20.04M	-25.82M	-24.6M	-4.34M
Other Financing Activities, Total	-3.22M	-1.29M	-5.21M	-8.54M	-46.05M
Cash from Financing	22.37M	-28.5M	-82.52M	-50.79M	489M
Net Change in Cash	16.1M	13.67M	6.31M	-8.96M	407M
Supplemental Items
Cash Interest Paid	1.6M	6M	8.11M	4.76M	8.06M
Cash Income Tax Paid (Refund)	9K	15.5M	-10.99M	1.23M	1.89M
Levered Free Cash Flow	-20.54M	6.6M	29.5M	40.38M	-51.84M
Unlevered Free Cash Flow	-19.16M	10.38M	34.29M	43.28M	-49.68M
Change In Net Working Capital	16.33M	1.39M	9.15M	-20.85M	36.39M
Net Debt Issued / Repaid	26.13M	-4.09M	-44.17M	-7.6M	353M

Fiscal Period: December	2021 (USD)	2022 (USD)	2023 (USD)	2024 (USD)	2025 (USD)
Profitability
Return on Assets	8.86	20.31	9.43	1.19	-3.85
Return on Total Capital	11	26.46	12.96	1.7	-4.93
Return On Equity %	20.92	44.61	24.25	3.06	-12.16
Return on Common Equity	20.92	44.61	23.44	3.06	-12.38
Margin Analysis
Gross Profit Margin %	31.05	41.14	28.8	19.96	15.51
SG&A Margin	7.63	7.08	7.04	7.98	12.93
EBITDA Margin %	23.02	33.21	21.76	11.98	2.58
EBITA Margin %	14.17	26.78	13.94	2.13	-10.12
EBIT Margin %	13.95	26.58	13.73	1.91	-10.43
Income From Continuing Operations Margin %	14.03	20.51	11.87	1.68	-9.59
Net Income Margin %	14.03	20.51	11.87	1.68	-9.59
Net Avail. For Common Margin %	14.03	20.51	11.47	1.68	-9.76
Normalized Net Income Margin	8.6	15.92	8.51	1.03	-7.24
Levered Free Cash Flow Margin	-7.25	1.17	4.25	6.06	-9.66
Unlevered Free Cash Flow Margin	-6.76	1.84	4.94	6.5	-9.26
Asset Turnover
Asset Turnover	1.02	1.22	1.1	0.99	0.59
Fixed Assets Turnover	1.36	1.66	1.52	1.38	1.05
Receivables Turnover (Average Receivables)	8.75	13.21	10.05	7.82	8.39
Inventory Turnover (Average Inventory)	14.09	10.96	12.02	13.25	6.95
Short Term Liquidity
Current Ratio	1.86	0.91	1.12	1.37	5.46
Quick Ratio	1.42	0.56	0.82	0.87	4.52
Operating Cash Flow to Current Liabilities	1.14	1.15	0.95	0.92	0.02
Days Sales Outstanding (Average Receivables)	41.7	27.62	36.32	46.81	43.51
Days Outstanding Inventory (Average Inventory)	25.91	33.31	30.36	27.63	52.53
Average Days Payable Outstanding	24.81	25.28	32.46	34.08	33.2
Cash Conversion Cycle (Average Days)	42.79	35.65	34.22	40.36	62.84
Long Term Solvency
Total Debt/Equity	24.38	44.9	27.36	28.57	97.2
Total Debt / Total Capital	19.6	30.99	21.48	22.22	49.29
LT Debt/Equity	19.09	18.46	10.55	26.68	95.61
Long-Term Debt / Total Capital	15.35	12.74	8.29	20.75	48.48
Total Liabilities / Total Assets	35.85	48.15	44.49	46.23	57.6
EBIT / Interest Expense	15.47	22.02	10.7	2.08	-7.17
EBITDA / Interest Expense	25.56	27.54	16.97	13.16	1.83
(EBITDA - Capex) / Interest Expense	2.24	7.8	7.46	1.67	-6.59
Total Debt / EBITDA	0.79	0.74	0.67	1.29	32.95
Net Debt / EBITDA	0.45	0.55	0.39	0.88	2.08
Total Debt / (EBITDA - Capex)	8.98	2.6	1.52	10.14	-9.14
Net Debt / (EBITDA - Capex)	5.16	1.94	0.89	6.91	-0.58
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	67.77	99.61	22.6	-3.93	-19.46
Gross Profit, 1 Yr. Growth %	275.8	164.52	-14.18	-33.41	-37.42
EBITDA, 1 Yr. Growth %	2.63K	187.92	-21.69	-47.11	-83.44
EBITA, 1 Yr. Growth %	-316.75	277.36	-36.21	-85.31	-399.92
EBIT, 1 Yr. Growth %	-307.05	280.41	-36.67	-86.63	-436.35
Earnings From Cont. Operations, 1 Yr. Growth %	-910.25	191.86	-29.07	-86.4	-559.67
Net Income, 1 Yr. Growth %	-910.25	191.86	-29.07	-86.4	-559.67
Normalized Net Income, 1 Yr. Growth %	-332.3	269.45	-34.43	-87.43	-516.49
Diluted EPS Before Extra, 1 Yr. Growth %	-850	188.89	-36.98	-87.27	-621.94
Accounts Receivable, 1 Yr. Growth %	118.99	-7.38	135.26	-24.04	-26.13
Inventory, 1 Yr. Growth %	32.18	184.8	-17.37	16.67	101.01
Net Property, Plant and Equip., 1 Yr. Growth %	30.77	87.72	5.97	5.5	6.66
Total Assets, 1 Yr. Growth %	43.92	81.24	11.65	1.33	69.05
Tangible Book Value, 1 Yr. Growth %	24.83	46.49	19.54	-1.84	33.28
Common Equity, 1 Yr. Growth %	24.83	46.49	19.54	-1.84	33.28
Cash From Operations, 1 Yr. Growth %	300.69	252.21	-14.28	-30.04	-98.25
Capital Expenditures, 1 Yr. Growth %	140.83	126.04	-37.67	-16.3	-6.59
Levered Free Cash Flow, 1 Yr. Growth %	128.36	-132.15	432.07	34.15	-221.8
Unlevered Free Cash Flow, 1 Yr. Growth %	131.15	-154.19	267.83	24.03	-209.29
Dividend Per Share, 1 Yr. Growth %	-	-	10.38	10	-62.5
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	10.95	83	56.44	8.53	-12.04
Gross Profit, 2 Yr. CAGR %	13.96	215.29	50.67	-24.4	-35.45
EBITDA, 2 Yr. CAGR %	14.73	786.74	50.8	-35.64	-69.69
EBITA, 2 Yr. CAGR %	15.6	185.99	55.15	-69.38	-25.05
EBIT, 2 Yr. CAGR %	15.7	180.65	55.22	-70.9	-23.35
Earnings From Cont. Operations, 2 Yr. CAGR %	26.28	386.29	43.89	-68.94	-20.94
Net Income, 2 Yr. CAGR %	26.28	386.29	43.89	-68.94	-20.94
Normalized Net Income, 2 Yr. CAGR %	13.84	192.55	55.64	-72.34	-19.9
Diluted EPS Before Extra, 2 Yr. CAGR %	21.47	365.47	34.93	-71.67	-26.17
Accounts Receivable, 2 Yr. CAGR %	51.94	42.42	47.62	33.68	-25.09
Inventory, 2 Yr. CAGR %	1.72	94.02	53.41	-1.81	53.14
Net Property, Plant and Equip., 2 Yr. CAGR %	15.14	56.68	41.04	5.74	6.08
Total Assets, 2 Yr. CAGR %	20.44	61.51	42.25	6.37	30.88
Tangible Book Value, 2 Yr. CAGR %	11.4	35.22	32.33	8.32	14.38
Common Equity, 2 Yr. CAGR %	11.4	35.22	32.33	8.32	14.38
Cash From Operations, 2 Yr. CAGR %	12.19	275.67	73.75	-22.56	-88.94
Capital Expenditures, 2 Yr. CAGR %	14.18	133.32	19.16	-28.03	-11.58
Levered Free Cash Flow, 2 Yr. CAGR %	11.75	-14.31	19.83	169.9	31.23
Unlevered Free Cash Flow, 2 Yr. CAGR %	10.25	11.92	33.78	115.48	19.32
Dividend Per Share, 2 Yr. CAGR %	-	-	-	10.19	-35.77
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.59	34.94	60.13	32.97	-1.74
Gross Profit, 3 Yr. CAGR %	19.92	50.89	104.33	14.77	-29.02
EBITDA, 3 Yr. CAGR %	20.8	55.91	298.25	6.35	-58.41
EBITA, 3 Yr. CAGR %	17.75	71.48	73.44	-29.28	-28.97
EBIT, 3 Yr. CAGR %	17.94	72.04	70.87	-31.45	-28.08
Earnings From Cont. Operations, 3 Yr. CAGR %	16.61	66.96	155.99	-34.46	-23.75
Net Income, 3 Yr. CAGR %	16.61	66.96	155.99	-34.46	-23.75
Normalized Net Income, 3 Yr. CAGR %	15.7	68.54	77.7	-34.38	-24.45
Diluted EPS Before Extra, 3 Yr. CAGR %	13.23	62.14	139.02	-38.57	-29.96
Accounts Receivable, 3 Yr. CAGR %	60.61	28.83	68.36	18.29	9.7
Inventory, 3 Yr. CAGR %	3.64	43.37	45.98	40.03	24.68
Net Property, Plant and Equip., 3 Yr. CAGR %	16.55	35.51	37.53	28.03	6.05
Total Assets, 3 Yr. CAGR %	20.46	38.02	42.81	27.04	24.13
Tangible Book Value, 3 Yr. CAGR %	14.36	22.05	29.78	19.79	16.08
Common Equity, 3 Yr. CAGR %	14.36	22.05	29.78	19.79	16.08
Cash From Operations, 3 Yr. CAGR %	13.81	64.27	129.56	28.31	-78.12
Capital Expenditures, 3 Yr. CAGR %	7.39	43.37	50.66	5.67	-21.5
Levered Free Cash Flow, 3 Yr. CAGR %	-6.54	-26.23	48.57	25.27	110.68
Unlevered Free Cash Flow, 3 Yr. CAGR %	-8.3	-12.99	60.53	31.21	74.67
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-23.07
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	122.34	56.1	24.96	23.68	26.01
Gross Profit, 5 Yr. CAGR %	154.81	239.63	31.38	14.45	28.87
EBITDA, 5 Yr. CAGR %	56.06	72.4	32.45	10	42.15
EBITA, 5 Yr. CAGR %	40.62	57.79	31.49	-13.92	23.99
EBIT, 5 Yr. CAGR %	39.33	56.75	31.64	-15.48	23.99
Earnings From Cont. Operations, 5 Yr. CAGR %	39.54	49.73	26.84	-14.8	60
Net Income, 5 Yr. CAGR %	39.54	49.73	26.84	-14.8	60
Normalized Net Income, 5 Yr. CAGR %	39.01	56.36	30.26	-18.2	29.85
Diluted EPS Before Extra, 5 Yr. CAGR %	36.15	44.67	21.45	-19.31	49.4
Accounts Receivable, 5 Yr. CAGR %	117.43	41.86	55.28	30.75	21.77
Inventory, 5 Yr. CAGR %	59.73	34.92	21.24	23.22	48.8
Net Property, Plant and Equip., 5 Yr. CAGR %	38.45	30.88	25.79	22.71	23.96
Total Assets, 5 Yr. CAGR %	22.51	32.13	28.74	24.36	37.91
Tangible Book Value, 5 Yr. CAGR %	111.51	22.22	21.24	16.36	23.39
Common Equity, 5 Yr. CAGR %	111.51	22.22	21.24	16.36	23.39
Cash From Operations, 5 Yr. CAGR %	69.07	85.87	34.8	21.6	-31.77
Capital Expenditures, 5 Yr. CAGR %	28.95	12.42	11.95	9	21.56
Levered Free Cash Flow, 5 Yr. CAGR %	26.84	-40.22	3.23	19.68	41.95
Unlevered Free Cash Flow, 5 Yr. CAGR %	25.4	-34.56	6.66	22.38	43.07