Warrior Met Coal, Inc. (HCC) Income Statement
HCC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsHCC revenue and net income
Where HCC's revenue goes
2025Each bar shows an amount and its share of revenue. HCC kept 4.4% of revenue as net income.
HCC profit margins
HCC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −14.1% | −9.0% | +10.8% | +9.2% |
| Gross profit | −65.1% | −49.9% | +80.9% | — |
| Operating income | −82.1% | −61.6% | — | — |
| Net income | −77.3% | −55.4% | — | — |
| EPS (diluted) | −77.9% | −56.1% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HCC quarterly EPS vs estimates
Warrior Met Coal beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 4, 2026 (estimate $1.50).
HCC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.31B | $1.53B | $1.68B | $1.74B | $1.06B | $782.7M | $1.27B | $1.38B | $1.17B | $369.0M |
| Cost of revenue | $1.20B | $1.21B | $1.08B | $852.9M | $724.6M | $777.0M | $847.9M | $726.8M | $621.0M | $423.6M |
| Gross profit | $111.2M | $318.5M | $601.5M | $885.8M | $334.6M | $5.7M | $420.4M | $651.2M | $548.1M | −$54.6M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | — |
| Sales, general & admin | $65.7M | $63.1M | $51.8M | $48.8M | $35.6M | $32.9M | $37.0M | $36.6M | $36.5M | $35.7M |
| Total operating expenses | $65.7M | $63.6M | $60.1M | $84.4M | $90.9M | $32.9M | $37.0M | $133.8M | $111.9M | $29.5M |
| Operating income | $45.6M | $254.9M | $541.4M | $801.4M | $243.8M | −$27.1M | $383.4M | $508.3M | $423.4M | −$84.1M |
| Interest income | $18.5M | $33.0M | $40.7M | $19.0M | $35.4M | $32.3M | $29.3M | $37.3M | $6.9M | $18.3M |
| Interest expense | $9.7M | $4.3M | $18.0M | $31.4M | $36.5M | $32.3M | $29.3M | $37.3M | $6.9M | $0 |
| Income before taxes | $54.4M | $283.7M | $551.4M | $783.1M | $200.0M | −$55.9M | $367.1M | $471.0M | $416.5M | −$111.5M |
| Income taxes | −$2.6M | $33.1M | $72.8M | $141.8M | $49.1M | −$20.1M | $65.4M | −$225.8M | −$38.6M | $36,000 |
| Net income | $57.0M | $250.6M | $478.6M | $641.3M | $150.9M | −$35.8M | $301.7M | $696.8M | $455.0M | −$111.5M |
| EBITDA | $252.8M | $447.4M | $696.7M | $929.8M | $377.9M | $94.5M | $493.8M | $611.9M | $498.8M | −$12.8M |
| EPS (diluted) | $1.09 | $4.93 | $9.54 | $12.84 | $4.47 | −$0.70 | $5.48 | $8.60 | $8.84 | −$2.12 |
| Gross margin | 8.5% | 20.9% | 35.9% | 50.9% | 31.6% | 0.7% | 33.1% | 47.3% | 46.9% | −14.8% |
| Operating margin | 3.5% | 16.7% | 32.3% | 46.1% | 23.0% | −3.5% | 30.2% | 36.9% | 36.2% | −22.8% |
| Net margin | 4.4% | 16.4% | 28.5% | 36.9% | 14.2% | −4.6% | 23.8% | 50.6% | 38.9% | −30.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $509.7M | $458.6M | $384.1M | $327.9M | $298.8M | $298.2M | $297.5M | $327.7M | $396.5M | $503.5M | $363.8M | $423.5M |
| Cost of revenue | $405.4M | $351.0M | $331.2M | $290.7M | $277.9M | $298.9M | $283.9M | $277.1M | $310.1M | $335.6M | $217.1M | $304.3M |
| Gross profit | $104.3M | $107.6M | $52.9M | $37.2M | $20.9M | −$659,999 | $13.5M | $50.6M | $86.4M | $167.9M | $146.7M | $119.2M |
| Sales, general & admin | $9.8M | $28.2M | $18.1M | $17.2M | $11.9M | $18.4M | $17.6M | $11.4M | $15.4M | $18.9M | $14.5M | $11.1M |
| Total operating expenses | $9.8M | $28.2M | $18.1M | $17.2M | $11.9M | $18.4M | $17.7M | $11.5M | $15.5M | $18.9M | $13.2M | $11.5M |
| Operating income | $94.5M | $79.4M | $34.8M | $20.0M | $9.1M | −$19.1M | −$4.2M | $39.1M | $70.9M | $149.1M | $133.6M | $107.8M |
| Interest income | $2.1M | $2.6M | $3.7M | $4.4M | $5.1M | $5.3M | $7.0M | $8.7M | $9.2M | $8.2M | — | $7.3M |
| Interest expense | $5.5M | $3.2M | $2.4M | $2.3M | $2.9M | $2.1M | $813,000 | $1.4M | $915,000 | $1.1M | $32.9M | $7.3M |
| Income before taxes | $91.1M | $78.8M | $35.9M | $22.9M | $9.9M | −$14.2M | $2.0M | $46.4M | $79.2M | $156.1M | $141.2M | $102.2M |
| Income taxes | $3.7M | $6.4M | $12.9M | −$13.7M | $4.3M | −$6.0M | $815,000 | $4.6M | $8.5M | $19.1M | $12.4M | $16.8M |
| Net income | $87.4M | $72.3M | $23.0M | $36.6M | $5.6M | −$8.2M | $1.1M | $41.8M | $70.7M | $137.0M | $128.9M | $85.4M |
| EBITDA | $155.0M | $134.2M | $94.8M | $68.8M | $57.8M | $34.5M | $41.9M | $84.4M | $118.3M | $197.3M | $179.0M | $142.1M |
| EPS (diluted) | $1.65 | $1.37 | $0.44 | $0.70 | $0.11 | −$0.16 | $0.15 | $0.80 | $1.35 | $2.63 | $2.49 | $1.85 |
| Gross margin | 20.5% | 23.5% | 13.8% | 11.3% | 7.0% | −0.2% | 4.5% | 15.4% | 21.8% | 33.4% | 40.3% | 28.2% |
| Operating margin | 18.5% | 17.3% | 9.1% | 6.1% | 3.0% | −6.4% | −1.4% | 11.9% | 17.9% | 29.6% | 36.7% | 25.4% |
| Net margin | 17.2% | 15.8% | 6.0% | 11.2% | 1.9% | −2.7% | 0.4% | 12.7% | 17.8% | 27.2% | 35.4% | 20.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HCC's financial statements (latest annual report filed February 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HCC financial results
In fiscal year 2025 (ended December 31, 2025), Warrior Met Coal reported revenue of $1.3 billion, down 14.1% from the year before. It had net income of $57.0 million (down 77.3%), a net profit margin of 4.4%. Diluted earnings per share came to $1.09. Over five years revenue grew at an average rate of 10.8% a year.
See the HCC stock overview for the latest quote and news, or the HCC chart for price history and technical indicators.
HCC income statement FAQ
What is Warrior Met Coal's annual revenue?
Warrior Met Coal reported total revenue of $1.3 billion for fiscal year 2025, which ended on December 31, 2025. That was down 14.1% from $1.5 billion the previous year.
Is Warrior Met Coal profitable?
Yes. Warrior Met Coal reported net income of $57.0 million in fiscal 2025, a net profit margin of 4.4%; its operating margin was 3.5%.
What is Warrior Met Coal's gross margin?
Warrior Met Coal's gross margin was 8.5% in fiscal 2025: for every $100 of revenue, Warrior Met Coal kept $8 after the direct cost of its products and services.
How fast is Warrior Met Coal growing?
Revenue grew 10.8% a year on average over the last five fiscal years, from $782.7 million to $1.3 billion.
What are Warrior Met Coal's earnings per share?
Warrior Met Coal earned $1.09 per diluted share in fiscal 2025, compared with $4.93 a year earlier.
When will Warrior Met Coal report its next earnings?
Warrior Met Coal is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Warrior Met Coal's fiscal year end?
Warrior Met Coal's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 12, 2026.