Alliance Resource Partners, L.P. (ARLP) Key Metrics
ARLP valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.31B
- Enterprise value
- $3.77B
- P/E (TTM)
- 12.6 10-yr median 6.2
- Forward P/E
- 9.0
- PEG ratio
- 0.55
- Price / sales
- 1.5 10-yr median 1.1
- Price / book
- 1.9 10-yr median 1.6
- EV / EBITDA
- 11.2 10-yr median 5.2
- Dividend yield
- 9.32% $2.40 a year
- Beta
- 0.30
ARLP key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsARLP valuation Price multiples at each fiscal year-end price.
ARLP returns How much profit the business earns on the capital it uses.
ARLP per-share figures Results divided by the shares outstanding at year-end.
ARLP financial health Debt, liquidity and how easily interest is covered.
ARLP efficiency & capital use Working capital cycle and where the cash goes.
ARLP valuation history
ARLP returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ARLP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ARLP cash returned to shareholders
ARLP price vs earnings per share
ARLP key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $2.98B | $3.36B | $2.69B | $2.58B | $1.61B | $569.7M | $1.39B | $2.27B | $1.94B | $1.67B |
| Enterprise value | $3.39B | $3.71B | $2.98B | $2.72B | $1.94B | $1.12B | $2.16B | $2.74B | $2.51B | $2.29B |
| P/E ratio | 9.6 | 9.3 | 4.3 | 4.5 | 9.0 | — | 3.5 | 6.2 | 6.4 | 4.9 |
| Price / sales | 1.4 | 1.4 | 1.0 | 1.1 | 1.0 | 0.4 | 0.7 | 1.1 | 1.1 | 0.9 |
| Price / book | 1.6 | 1.8 | 1.5 | 1.6 | 1.3 | 0.5 | 1.1 | 1.9 | 1.7 | 1.5 |
| Price / free cash flow | 7.7 | 9.0 | 7.4 | 5.1 | 5.3 | 2.0 | 6.6 | 4.9 | 4.6 | 2.7 |
| Price / operating cash flow | 4.6 | 4.2 | 3.2 | 3.3 | 3.8 | 1.4 | 2.7 | 3.3 | 3.4 | 2.4 |
| EV / sales | 1.5 | 1.5 | 1.2 | 1.1 | 1.2 | 0.8 | 1.1 | 1.4 | 1.4 | 1.2 |
| EV / EBITDA | 5.0 | 5.3 | 3.1 | 4.1 | 8.9 | 4.9 | 4.9 | 6.7 | 7.3 | 6.2 |
| EV / free cash flow | 8.7 | 9.9 | 8.2 | 5.4 | 6.4 | 4.0 | 10.3 | 5.9 | 5.9 | 3.8 |
| Earnings yield | 10.4% | 10.7% | 23.4% | 22.3% | 11.1% | −22.7% | 28.8% | 16.2% | 15.6% | 20.3% |
| Free cash flow yield | 13.0% | 11.1% | 13.4% | 19.6% | 18.8% | 49.1% | 15.1% | 20.4% | 21.7% | 36.4% |
| Dividend yield | 11.3% | 10.8% | 13.5% | 7.4% | 3.2% | 9.1% | 20.1% | 12.2% | 12.4% | 14.9% |
| Shareholder yield (dividends + buybacks) | 11.5% | 11.3% | 14.3% | 7.4% | 3.3% | 9.1% | 21.7% | 15.3% | 12.5% | 14.9% |
| Share price at fiscal year-end | $23.23 | $26.29 | $21.18 | $20.32 | $12.64 | $4.48 | $10.82 | $17.34 | $19.70 | $22.45 |
| Per share | ||||||||||
| Revenue per share | $17.10 | $19.14 | $20.18 | $18.92 | $12.35 | $10.44 | $15.31 | $15.32 | $18.20 | $25.98 |
| Earnings per share | $2.42 | $2.82 | $4.95 | $4.54 | $1.40 | −$1.02 | $3.12 | $2.80 | $3.08 | $4.56 |
| Operating cash flow per share | $5.07 | $6.28 | $6.53 | $6.23 | $3.34 | $3.15 | $4.02 | $5.33 | $5.75 | $9.46 |
| Free cash flow per share | $3.02 | $2.93 | $2.85 | $3.97 | $2.38 | $2.20 | $1.63 | $3.54 | $4.28 | $8.18 |
| Cash per share | $0.55 | $1.07 | $0.47 | $2.33 | $0.96 | $0.44 | $0.28 | $1.87 | $0.07 | $0.54 |
| Book value per share | $14.35 | $14.32 | $14.42 | $12.70 | $9.64 | $8.34 | $9.78 | $9.04 | $11.61 | $14.63 |
| Tangible book value per share | $14.35 | $14.32 | $14.42 | $12.66 | $9.57 | $8.27 | $7.65 | $7.93 | $10.07 | $12.44 |
| Dividends per share | $2.63 | $2.84 | $2.87 | $1.50 | $0.41 | $0.41 | $2.17 | $2.11 | $2.44 | $3.33 |
| Capex per share | $2.05 | $3.35 | $3.68 | $2.25 | $0.97 | $0.95 | $2.39 | $1.79 | $1.47 | $1.28 |
| Debt per share | $3.74 | $3.80 | $2.76 | $3.41 | $3.54 | $4.80 | $6.32 | $5.46 | $5.82 | $8.90 |
| Shares outstanding | 128.4M | 128.0M | 127.2M | 127.2M | 127.2M | 127.2M | 128.1M | 130.8M | 98.7M | 74.4M |
| Change in shares outstanding | +0.3% | +0.6% | −0.0% | +0.0% | 0.0% | −0.7% | −2.0% | +32.5% | +32.8% | +0.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 16.9% | 19.7% | 36.5% | 40.6% | 15.6% | −11.2% | 32.8% | 31.5% | 27.2% | 32.7% |
| Return on invested capital (ROIC) | 16.4% | 18.9% | 34.2% | 36.4% | 13.8% | −3.6% | 14.1% | 22.1% | 19.2% | 20.4% |
| Return on assets (ROA) | 10.8% | 12.7% | 22.8% | 23.6% | 8.2% | −5.4% | 16.0% | 15.9% | 13.8% | 14.9% |
| Return on tangible assets | 10.9% | 12.4% | 22.6% | 21.2% | 8.3% | −6.0% | 17.3% | 16.3% | 14.7% | 16.7% |
| Free cash flow margin | 17.7% | 15.3% | 14.1% | 21.0% | 19.2% | 21.0% | 10.7% | 23.1% | 23.5% | 31.5% |
| Income quality (OCF / net income) | 2.09 | 2.23 | 1.32 | 1.37 | 2.39 | — | 1.29 | 1.90 | 1.87 | 2.07 |
| Financial health | ||||||||||
| Total debt | $480.0M | $486.8M | $350.8M | $434.3M | $450.7M | $609.8M | $809.5M | $713.3M | $574.0M | $662.1M |
| Cash & short-term investments | $71.2M | $137.0M | $59.8M | $296.0M | $122.4M | $55.6M | $36.5M | $244.2M | $6.8M | $39.8M |
| Net debt | $408.8M | $349.8M | $291.0M | $138.3M | $328.3M | $554.2M | $773.0M | $469.2M | $567.3M | $622.3M |
| Debt / equity | 0.26 | 0.27 | 0.19 | 0.27 | 0.37 | 0.57 | 0.65 | 0.60 | 0.50 | 0.61 |
| Debt / assets | 0.17 | 0.17 | 0.13 | 0.16 | 0.21 | 0.28 | 0.31 | 0.30 | 0.26 | 0.30 |
| Net debt / EBITDA | 0.61 | 0.50 | 0.31 | 0.21 | 1.51 | 2.41 | 1.74 | 1.15 | 1.65 | 1.68 |
| Current ratio | 2.10 | 2.20 | 2.27 | 2.56 | 1.91 | 1.15 | 1.63 | 1.51 | 0.97 | 0.85 |
| Quick ratio | 1.41 | 1.68 | 1.71 | 2.26 | 1.57 | 0.88 | 1.12 | 1.33 | 0.76 | 0.66 |
| Interest coverage | 9.7 | 12.1 | 18.6 | 17.6 | 5.6 | -1.8 | 5.7 | 9.3 | 8.3 | 11.9 |
| Working capital | $225.6M | $280.1M | $288.7M | $399.2M | $161.7M | $31.2M | $124.0M | $169.8M | −$8.0M | −$50.2M |
| Invested capital | $2.25B | $2.18B | $2.13B | $1.75B | $1.55B | $1.62B | $2.03B | $1.65B | $1.71B | $1.71B |
| Tangible asset value | $1.86B | $1.85B | $1.86B | $1.70B | $1.22B | $1.06B | $992.6M | $1.04B | $998.9M | $930.4M |
| Net current asset value | −$563.5M | −$549.0M | −$413.7M | −$365.2M | −$594.1M | −$848.0M | −$1.00B | −$706.4M | −$786.2M | −$822.9M |
| Graham number | $27.98 | $30.15 | $40.10 | $36.00 | $17.43 | — | $26.20 | $23.88 | $28.35 | $38.76 |
| Graham net-net per share | −$5.86 | −$5.72 | −$4.62 | −$3.91 | −$5.37 | −$7.30 | −$8.68 | −$6.13 | −$9.06 | −$12.30 |
| Capital allocation | ||||||||||
| Dividends paid | $337.2M | $363.4M | $364.6M | $190.8M | $52.2M | $51.8M | $278.4M | $275.9M | $240.8M | $247.9M |
| Share buybacks (net) | $7.1M | $15.5M | $19.4M | $0 | $1.1M | $0 | $22.9M | $70.6M | $3.0M | $1.3M |
| Dividend payout ratio | 108.4% | 100.7% | 57.9% | 33.1% | 29.3% | — | 69.7% | 75.3% | 79.3% | 73.0% |
| Dividends + buybacks / free cash flow | 88.8% | 101.2% | 106.1% | 37.7% | 17.6% | 18.5% | 144.1% | 74.8% | 57.7% | 41.0% |
| Capex / revenue | 12.0% | 17.5% | 18.3% | 11.9% | 7.8% | 9.1% | 15.6% | 11.7% | 8.1% | 4.9% |
| Capex / operating cash flow | 40.4% | 53.4% | 56.4% | 36.2% | 28.9% | 30.2% | 59.4% | 33.5% | 25.6% | 13.6% |
| Capex / depreciation | 0.88 | 1.50 | 1.75 | 1.05 | 0.48 | 0.26 | 0.98 | 0.83 | 0.54 | 0.30 |
| Stock-based compensation / revenue | −0.3% | 0.4% | 0.5% | 0.4% | 0.4% | 0.3% | 0.6% | 0.6% | 0.7% | 0.7% |
| SG&A / revenue | 3.8% | 3.4% | 3.1% | 3.5% | 5.0% | 4.5% | 3.7% | 3.7% | 3.6% | 3.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 25.7 | 35.0 | 38.6 | 28.8 | 27.7 | 37.1 | 31.4 | 32.6 | 34.0 | 26.1 |
| Days of inventory on hand | 27.8 | 23.3 | 20.6 | 15.1 | 16.6 | 21.3 | 18.0 | 14.0 | 15.7 | 22.3 |
| Days payables outstanding | 19.0 | 19.4 | 20.4 | 18.0 | 16.7 | 17.3 | 19.8 | 22.6 | 20.9 | 18.0 |
| Cash conversion cycle (days) | 34.5 | 38.9 | 38.7 | 25.9 | 27.6 | 41.1 | 29.5 | 23.9 | 28.8 | 30.3 |
| Receivables turnover | 14.22 | 10.44 | 9.47 | 12.66 | 13.18 | 9.84 | 11.63 | 11.21 | 10.74 | 13.98 |
| Payables turnover | 19.18 | 18.81 | 17.85 | 20.25 | 21.87 | 21.10 | 18.41 | 16.16 | 17.46 | 20.22 |
| Inventory turnover | 13.11 | 15.64 | 17.72 | 24.24 | 21.95 | 17.13 | 20.30 | 26.15 | 23.17 | 16.39 |
| Asset turnover | 0.76 | 0.86 | 0.93 | 0.98 | 0.73 | 0.56 | 0.79 | 0.87 | 0.81 | 0.85 |
| Average receivables | $154.3M | $234.6M | $271.2M | $190.1M | $119.1M | $135.0M | $168.6M | $178.6M | $167.3M | $138.2M |
| Average payables | $90.0M | $103.2M | $101.7M | $82.4M | $58.5M | $64.0M | $88.5M | $96.7M | $80.5M | $73.8M |
| Average inventory | $131.6M | $124.1M | $102.4M | $68.8M | $58.4M | $78.9M | $80.3M | $59.7M | $60.7M | $91.1M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.2% | 0.4% | 0.4% | 10.5% | 6.1% | 6.9% | 7.4% |
Computed from ARLP's annual financial statements (latest annual report filed February 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
ARLP valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Alliance Resource Partners traded at 9.6 times earnings, against a 10-year median of 6.2. Based on the latest twelve months, the trailing P/E is 12.6 and the forward P/E is 9.0. Alliance Resource Partners earned a return on equity of 16.9% and a return on invested capital of 16.4% in fiscal 2025. It ended the year with $480.0 million of debt and $71.2 million in cash and short-term investments, net debt of $408.8 million. It returned $344.3 million to shareholders: $337.2 million in dividends and $7.1 million in share buybacks, 89% of free cash flow. The share count rose 72.7% from 74.4M to 128.4M over 9 years.
See the ARLP income statement, the ARLP chart for price history, or the ARLP stock overview for the latest quote and news.
ARLP key metrics FAQ
What is Alliance Resource Partners's P/E ratio?
Alliance Resource Partners's trailing P/E ratio is 12.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 9.0. At the end of fiscal 2025 it was 9.6, compared with a 10-year median of 6.2.
What is Alliance Resource Partners's EV/EBITDA?
Alliance Resource Partners's enterprise value was 5.0 times EBITDA at the end of fiscal 2025 (enterprise value $3.4 billion, EBITDA $675.2 million); the current EV/EBITDA is 11.2.
What is Alliance Resource Partners's return on equity?
Alliance Resource Partners's return on equity (ROE) was 16.9% in fiscal 2025: net income of $311.2 million on average shareholders' equity of $1.8 billion.
What is Alliance Resource Partners's ROIC?
Alliance Resource Partners's return on invested capital was 16.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Alliance Resource Partners have?
Alliance Resource Partners had total debt of $480.0 million at the end of fiscal 2025, a debt-to-equity ratio of 0.26 and $408.8 million of net debt (0.61 times EBITDA).
What is Alliance Resource Partners's dividend yield?
Alliance Resource Partners's forward dividend yield is 9.32%. Alliance Resource Partners paid $337.2 million in dividends in fiscal 2025 ($2.63 per share), a payout ratio of 108.4%.
Does Alliance Resource Partners buy back its shares?
Yes. Alliance Resource Partners spent $7.1 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.3% over the year, to 128.4M..
What is Alliance Resource Partners's free cash flow yield?
Alliance Resource Partners generated $387.9 million of free cash flow in fiscal 2025, a free cash flow yield of 13.0% on its market value at year-end ($3.0 billion).
What is Alliance Resource Partners's current ratio?
Alliance Resource Partners's current ratio was 2.10 at the end of fiscal 2025: current assets were 2.10 times current liabilities.