Ramaco Resources, Inc. (METCB) Key Metrics
METCB valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $251.5M
- Enterprise value
- $722.8M
- P/E (TTM)
- —
- Forward P/E
- 5.7
- PEG ratio
- —
- Price / sales
- 0.5 10-yr median 0.8
- Price / book
- 0.8 10-yr median 1.2
- EV / EBITDA
- — 10-yr median 5.6
- Dividend yield
- 2.86% $0.61 a year
- Beta
- 1.54
METCB key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsMETCB valuation Price multiples at each fiscal year-end price.
METCB returns How much profit the business earns on the capital it uses.
METCB per-share figures Results divided by the shares outstanding at year-end.
METCB financial health Debt, liquidity and how easily interest is covered.
METCB efficiency & capital use Working capital cycle and where the cash goes.
METCB valuation history
METCB returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
METCB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
METCB cash returned to shareholders
METCB price vs earnings per share
METCB key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $571.1M | $425.7M | $562.3M | — | — | — | — | — | — | — |
| Enterprise value | $599.6M | $496.4M | $621.5M | — | — | — | — | — | — | — |
| P/E ratio | — | 38.0 | 6.8 | — | — | — | — | — | — | — |
| Price / sales | 1.1 | 0.6 | 0.8 | — | — | — | — | — | — | — |
| Price / book | 1.2 | 1.2 | 1.5 | — | — | — | — | — | — | — |
| Price / free cash flow | — | 9.7 | 7.2 | — | — | — | — | — | — | — |
| Price / operating cash flow | 290.0 | 3.8 | 3.5 | — | — | — | — | — | — | — |
| EV / sales | 1.1 | 0.7 | 0.9 | — | — | — | — | — | — | — |
| EV / EBITDA | 38.7 | 5.6 | 3.7 | — | — | — | — | — | — | — |
| EV / free cash flow | — | 11.3 | 8.0 | — | — | — | — | — | — | — |
| Earnings yield | −9.0% | 2.6% | 14.6% | — | — | — | — | — | — | — |
| Free cash flow yield | −10.6% | 10.3% | 13.9% | — | — | — | — | — | — | — |
| Dividend yield | 0.8% | 5.8% | 4.6% | — | — | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 0.8% | 5.8% | 4.6% | — | — | — | — | — | — | — |
| Share price at fiscal year-end | $11.47 | $9.54 | $12.57 | — | — | — | — | — | — | — |
| Per share | ||||||||||
| Revenue per share | $10.78 | $14.94 | $15.50 | $12.65 | $6.40 | $3.98 | $5.64 | $5.65 | $1.62 | $0.13 |
| Earnings per share | −$1.03 | $0.25 | $1.84 | $2.60 | $0.90 | −$0.12 | $0.61 | $0.62 | −$0.41 | −$0.19 |
| Operating cash flow per share | $0.04 | $2.53 | $3.60 | $4.20 | $1.21 | $0.31 | $1.04 | $0.90 | −$0.23 | −$0.10 |
| Free cash flow per share | −$1.22 | $0.98 | $1.75 | $1.45 | −$0.14 | −$0.27 | −$0.08 | −$0.30 | −$2.23 | −$0.53 |
| Cash per share | $8.85 | $0.74 | $0.94 | $0.80 | $0.49 | $0.12 | $0.14 | $0.17 | $0.30 | $1.55 |
| Book value per share | $9.72 | $8.13 | $8.26 | $6.92 | $4.77 | $3.98 | $4.16 | $3.50 | $3.02 | $2.14 |
| Tangible book value per share | $9.72 | $8.13 | $8.26 | $6.92 | $4.77 | $3.98 | $4.16 | $3.50 | $3.02 | $2.14 |
| Dividends per share | $0.09 | $0.55 | $0.58 | $0.45 | $0.45 | $0.47 | $0.49 | — | $0.14 | — |
| Capex per share | $1.26 | $1.54 | $1.85 | $2.75 | $1.35 | $0.58 | $1.12 | $1.20 | $2.00 | $0.43 |
| Debt per share | $9.42 | $2.32 | $2.26 | $3.11 | $1.16 | $0.41 | $0.32 | $0.24 | — | $0.28 |
| Shares outstanding | 49.8M | 44.6M | 44.8M | 44.7M | 44.3M | 42.5M | 40.8M | 40.3M | 37.6M | 39.1M |
| Change in shares outstanding | +11.6% | −0.3% | +0.1% | +1.0% | +4.2% | +4.0% | +1.4% | +7.1% | −3.7% | −1.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −12.2% | 3.1% | 24.3% | 44.6% | 20.9% | −2.9% | 16.0% | 19.7% | −15.6% | −16.6% |
| Return on invested capital (ROIC) | −9.4% | 2.9% | 17.8% | 36.6% | 16.8% | −8.4% | 15.2% | 19.5% | −18.4% | −23.4% |
| Return on assets (ROA) | −5.7% | 1.7% | 13.0% | 25.1% | 14.3% | −2.2% | 12.0% | 14.9% | −11.5% | −10.8% |
| Return on tangible assets | −4.5% | 1.7% | 12.4% | 19.5% | 12.1% | −2.1% | 11.0% | 13.3% | −10.4% | −6.3% |
| Free cash flow margin | −11.3% | 6.6% | 11.3% | 11.5% | −2.2% | −6.8% | −1.5% | −5.3% | −137.3% | −394.7% |
| Income quality (OCF / net income) | — | 10.07 | 1.96 | 1.62 | 1.34 | — | 1.70 | 1.44 | — | — |
| Financial health | ||||||||||
| Total debt | $468.9M | $103.7M | $101.1M | $138.8M | $51.5M | $17.6M | $13.1M | $9.5M | — | $11.1M |
| Cash & short-term investments | $440.3M | $33.0M | $42.0M | $35.6M | $21.9M | $5.3M | $5.5M | $7.0M | $11.1M | $60.4M |
| Net debt | $28.5M | $70.7M | $59.2M | $103.2M | $29.6M | $12.3M | $7.6M | $2.5M | −$11.1M | −$49.3M |
| Debt / equity | 0.97 | 0.29 | 0.27 | 0.45 | 0.24 | 0.10 | 0.08 | 0.07 | — | 0.13 |
| Debt / assets | 0.41 | 0.15 | 0.15 | 0.23 | 0.16 | 0.08 | 0.06 | 0.05 | — | 0.09 |
| Net debt / EBITDA | 1.84 | 0.80 | 0.35 | 0.53 | 0.40 | 0.86 | 0.15 | 0.06 | — | — |
| Current ratio | 5.46 | 1.37 | 1.12 | 0.91 | 1.86 | 1.46 | 1.68 | 1.17 | 1.31 | 4.12 |
| Quick ratio | 4.66 | 1.02 | 0.90 | 0.63 | 1.52 | 1.05 | 1.10 | 0.70 | 0.87 | 4.02 |
| Interest coverage | -7.2 | 2.7 | 10.7 | 22.0 | 15.5 | -15.6 | 24.8 | 16.5 | -695.8 | -60.7 |
| Working capital | $488.1M | $45.2M | $19.8M | −$15.4M | $40.1M | $13.4M | $17.9M | $5.2M | $7.0M | $47.9M |
| Invested capital | $512.1M | $433.5M | $428.8M | $412.4M | $240.6M | $181.4M | $177.7M | $143.6M | $102.3M | $34.5M |
| Tangible asset value | $483.6M | $362.8M | $369.6M | $309.2M | $211.1M | $169.1M | $170.1M | $141.1M | $113.4M | $83.8M |
| Net current asset value | −$59.4M | −$144.2M | −$106.5M | −$139.7M | −$31.2M | −$17.0M | −$12.4M | −$12.1M | −$5.2M | $27.8M |
| Graham number | — | $6.78 | $18.49 | $20.10 | $9.82 | — | $7.56 | $7.01 | — | — |
| Graham net-net per share | −$2.66 | −$4.53 | −$3.64 | −$4.43 | −$1.24 | −$0.78 | −$0.71 | −$0.62 | −$0.35 | $0.68 |
| Capital allocation | ||||||||||
| Dividends paid | $4.3M | $24.6M | $25.8M | $20.0M | $20.0M | $20.0M | $20.0M | — | $5.4M | — |
| Share buybacks (net) | — | — | — | — | — | $221,000 | $20,000 | — | — | — |
| Dividend payout ratio | — | 219.8% | 31.4% | 17.3% | 50.4% | — | 80.4% | — | — | — |
| Dividends + buybacks / free cash flow | — | 56.1% | 33.0% | 30.9% | — | — | — | — | — | — |
| Capex / revenue | 11.7% | 10.3% | 12.0% | 21.7% | 21.0% | 14.7% | 19.9% | 21.2% | 122.9% | 320.6% |
| Capex / operating cash flow | 3,188.5% | 61.1% | 51.5% | 65.5% | 111.8% | 185.9% | 107.9% | 133.6% | — | — |
| Capex / depreciation | 0.90 | 1.03 | 1.49 | 3.09 | 2.22 | 1.15 | 2.28 | 3.73 | 21.08 | 34.77 |
| Stock-based compensation / revenue | 3.3% | 2.6% | 1.9% | 1.5% | 1.9% | 2.5% | 1.8% | 1.2% | 4.6% | 5.7% |
| SG&A / revenue | 12.9% | 7.4% | 7.0% | 7.1% | 7.6% | 12.4% | 7.9% | 6.2% | 20.6% | 142.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 43.5 | 46.7 | 36.3 | 27.6 | 41.7 | 42.7 | 23.8 | 14.4 | 24.2 | 64.0 |
| Days of inventory on hand | 45.5 | 24.5 | 27.3 | 29.6 | 22.8 | 29.7 | 29.4 | 23.4 | 32.8 | 104.7 |
| Days payables outstanding | 31.6 | 30.5 | 28.7 | 24.4 | 22.2 | 24.5 | 27.1 | 34.6 | 80.8 | 330.8 |
| Cash conversion cycle (days) | 57.5 | 40.6 | 34.9 | 32.8 | 42.2 | 48.0 | 26.2 | 3.1 | -23.8 | -162.1 |
| Receivables turnover | 8.39 | 7.82 | 10.05 | 13.21 | 8.75 | 8.54 | 15.36 | 25.44 | 15.11 | 5.70 |
| Payables turnover | 11.57 | 11.95 | 12.71 | 14.96 | 16.41 | 14.91 | 13.49 | 10.55 | 4.52 | 1.10 |
| Inventory turnover | 8.02 | 14.91 | 13.38 | 12.35 | 16.02 | 12.27 | 12.40 | 15.63 | 11.12 | 3.49 |
| Asset turnover | 0.59 | 0.99 | 1.10 | 1.22 | 1.02 | 0.74 | 1.11 | 1.35 | 0.46 | 0.07 |
| Average receivables | $64.0M | $85.2M | $69.0M | $42.8M | $32.4M | $19.8M | $15.0M | $8.9M | $4.0M | $914,741 |
| Average payables | $45.2M | $50.2M | $43.2M | $25.1M | $13.5M | $11.2M | $13.5M | $18.0M | $14.2M | $4.8M |
| Average inventory | $65.3M | $40.3M | $41.1M | $30.4M | $13.9M | $13.6M | $14.7M | $12.1M | $5.8M | $1.5M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from METCB'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.
METCB valuation and financial ratios
Ramaco Resources earned a return on equity of −12.2% and a return on invested capital of −9.4% in fiscal 2025. It ended the year with $468.9 million of debt and $440.3 million in cash and short-term investments, net debt of $28.5 million. It returned $4.3 million to shareholders: $4.3 million in dividends and $0 in share buybacks. The share count rose 27.4% from 39.1M to 49.8M over 9 years.
See the METCB income statement, the METCB chart for price history, or the METCB stock overview for the latest quote and news.
METCB key metrics FAQ
What is Ramaco Resources's EV/EBITDA?
Ramaco Resources's enterprise value was 38.7 times EBITDA at the end of fiscal 2025 (enterprise value $599.6 million, EBITDA $15.5 million).
What is Ramaco Resources's return on equity?
Ramaco Resources's return on equity (ROE) was −12.2% in fiscal 2025: net income of -$51.4 million on average shareholders' equity of $423.2 million.
What is Ramaco Resources's ROIC?
Ramaco Resources's return on invested capital was −9.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Ramaco Resources have?
Ramaco Resources had total debt of $468.9 million at the end of fiscal 2025, a debt-to-equity ratio of 0.97 and $28.5 million of net debt (1.84 times EBITDA).
What is Ramaco Resources's dividend yield?
Ramaco Resources's forward dividend yield is 2.86%. Ramaco Resources paid $4.3 million in dividends in fiscal 2025 ($0.09 per share), a payout ratio of —.
What is Ramaco Resources's free cash flow yield?
Ramaco Resources generated -$60.8 million of free cash flow in fiscal 2025, a free cash flow yield of −10.6% on its market value at year-end ($571.1 million).
What is Ramaco Resources's current ratio?
Ramaco Resources's current ratio was 5.46 at the end of fiscal 2025: current assets were 5.46 times current liabilities.