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← CockpitCompetitor Analysis › HCC Warrior Met Coal, Inc.Open in the cockpit ↗

Warrior Met Coal, Inc.HCCCompetitor analysis, valuation and peers

United States · USD·Energy›Coal

Mines metallurgical (coking) coal in Alabama, primarily for export to global steelmakers.

Momentum weak 39
Mkt cap
$4.44B
US dollars, full cap
Free float
98%
of shares outstanding
$/day
$59.8M
20-day average traded
Fwd P/E
8.6×
forward earnings
ROIC−WACC
-0.4 pp
WACC 8.5%
Hurdle
n/a
no reverse DCF
Next earnings
103 days
17 Feb 2027
Close · USD$84.15
1D+4.2%
1W-2.1%
1M-6.3%
3M-11.8%
6M-2.0%
YTD-4.6%
1Y+27.4%
ATR %5.0%
Beta0.26
52w lowhigh24.5% off high

What Warrior Met Coal does

Mines metallurgical (coking) coal in Alabama, primarily for export to global steelmakers.

Sells high-grade coking coal, used to make steel, priced off published benchmark indices, so earnings follow global steel demand rather than a fixed price. Most is shipped through the Port of Mobile to buyers overseas. The big change is Blue Creek, a new mine in Alabama to add capacity.

Products and services

  • Hard coking coal
  • PCI coal (pulverized coal injection)

Customers

  • Steel producers in Europe, South America and Asia

Where it sits in the supply chain

  • Energy
  • Coal
  • Metallurgical coal mining

What could go right

  • Global steel production/metallurgical coal demand
  • Export price premiums for high-quality coal

What could go wrong

  • Global steel demand cyclicality
  • Coal mining regulatory/ESG pressure

Moat: narrow (scale, installed base). Low-cost, high-quality Alabama coking coal reserves with established export logistics, but a commodity subject to global steel demand.

Headquarters: Brookwood, Alabama, US · Founded: 2016 · Employees: 1,485

Named competitors

Warrior Met Coal at a glance

Size Warrior Met Coal (HCC) is a United States Energy company (Coal) with a market value of $4.44B, the 1274th largest of 3,117 United States companies the cockpit tracks. Shares closed at $84.15 on 6 Nov 2026.

Performance Over six months the shares fell 2.0%, against -10.3% for the median peer and -1.1% for the United States market (cap-weighted) — 5th highest of 21 in its peer set.

Growth Revenue grew 37.5% over the last twelve months (peer median +1.8%); the operating margin is 13.6% (peer median 9.4%).

Valuation It trades at 8.6× forward earnings against a peer median of 11.0× (3rd cheapest of 18).

Capital Return on invested capital runs 0.4 points below its cost of capital (8.5% WACC).

Short interest Short interest is 8.1% of the free float (15 Oct 2026).

Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).

Relative performance

10012011 May 202611 Aug 20266 Nov 2026HCC 97Peer median 87
Six months, rebased to 100: Warrior Met Coal against the median of its 20 peers (local-currency closes).

Warrior Met Coal financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$1.68B$1.31B$1.53B$1.68B$1.74B
Revenue growth—-14%-9%-4%—
Gross profit$302M$111M$320M$603M$886M
EBITDA$443M$236M$417M$682M$956M
Net income$219M$57.0M$251M$479M$641M
Free cash flow-$45.7M-$182M-$121M$176M$584M
Capital expenditure$347M$412M$488M$525M$258M
Total debt$269M$271M$173M$173M$336M

Quarterly statements and history in the cockpit →

Warrior Met Coal competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%-10%0%-20%-10%0%600348WHCCNRYAL601001600925000983601918600985600546601699ARLPNHC601666000937601101000723600403BTUAMRHCC6-month return →1-month return →
Up and to the right = strong over both horizons. Warrior Met Coal is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%10×15×20×600348WHCCNRYAL601001000983601918600985600546601699ARLP601666000937601101BTUAMRHCCRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Warrior Met Coal is the large dot.

Warrior Met Coal competitors and peer comparison

Head to head with its named competitors (HCC vs CNR vs AMR vs TECK-B.TO)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Warrior Met Coal HCC$4.44B-2%+37%14%8.6×n/a
Core Natural Resources CNR$3.94B-7%+30%-1%16.4×-1.6%
Alpha Metallurgical Resources AMR$1.87B-20%-13%-2%22.5×n/a
Teck Resources TECK-B.TO$29.9B+3%+44%34%16.2×4.6%
Ramaco Resources METC$366M-58%-6%-14%n/an/a
Peabody Energy BTU$1.95B-32%+3%-4%6.3×n/a
Whitehaven Coal WHC.AX$3.97B-10%-7%10%10.6×4.2%
Stanmore Resources SMR.AX$1.54B+5%-6%0%21.5×-9.9%

How Warrior Met Coal compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Warrior Met Coal against its 20 peers (data as of 6 Nov 2026)
MeasureHCCPeer medianRank in peer set
1-month return-6.3%-11.0%6th highest of 21
6-month return-2.0%-10.3%5th highest of 21
Distance from 52-week high-24.5%-28.3%8th highest of 21
Revenue growth (TTM)+37.5%+1.8%highest of 21
Operating margin13.6%9.4%8th highest of 21
Forward P/E8.6×11.0×3rd cheapest of 18
ROIC minus cost of capital-0.4 pp+1.7 pp8th lowest of 21
EV / EBITDA9.9×6.6×2nd most expensive of 8
Net debt / EBITDA-0.1×-0.2×4th most indebted of 8

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Warrior Met Coal HCCUnited States$4.44B-2%+37%14%8.6×n/an/a
Shan Xi Hua Yang Group New Energy 600348.SSChina$4.54B-20%-10%21%12.8×n/an/a
Whitehaven Coal WHC.AXAustralia$3.97B-10%-7%10%10.6×4.2%+28.2%
Core Natural Resources CNRUnited States$3.94B-7%+30%-1%16.4×-1.6%+32.9%
Yancoal Australia YAL.AXAustralia$5.07B-16%-1%8%10.4×-2.3%+10.6%
Jinneng Holding Shanxi Coal Industry 601001.SSChina$3.87B-20%+4%24%11.8×-13.4%+3.7%
Jiangsu Xukuang Energy 600925.SSChina$3.77B-10%+19%10%n/a-2.7%+4.8%
Shanxi Coking Coal Energy 000983.SZChina$5.38B-10%-5%9%12.7×-6.4%+2.7%
China Coal Xinji Energy 601918.SSChina$3.67B+5%+28%24%10.2×n/an/a
Huaibei Mining 600985.SSChina$5.70B-5%+9%7%11.2×-5.8%-4.7%
Shanxi Coal International Energy 600546.SSChina$3.29B-21%-10%21%9.9×-16.9%-10.0%
Shanxi Lu'An Environmental Energy Development 601699.SSChina$6.03B-17%-1%10%10.9×n/an/a
Alliance Resource Partners, L.P ARLPUnited States$3.14B-2%-2%18%8.2×-10.0%+10.6%
New Hope NHC.AXAustralia$3.08B+5%0%16%11.0×-1.1%+11.0%
Pingdingshan Tianan Coal Mining 601666.SSChina$2.83B-10%+17%8%14.4×n/an/a
Jizhong Energy Resources 000937.SZChina$2.48B-17%+7%8%15.2×-4.2%-6.0%
Beijing Haohua Energy Resource 601101.SSChina$2.39B-5%+3%24%9.3×-9.6%+14.4%
Shanxi Meijin Energy 000723.SZChina$2.15B-27%-2%-8%n/an/an/a
Henan Dayou Energy 600403.SSChina$2.04B-2%+6%-29%n/an/an/a
Peabody Energy BTUUnited States$1.95B-32%+3%-4%6.3×n/an/a
Alpha Metallurgical Resources AMRUnited States$1.87B-20%-13%-2%22.5×n/an/a

Questions

Who are Warrior Met Coal's main competitors?
Named competitors: Core Natural Resources (CNR), Alpha Metallurgical Resources (AMR), Teck Resources (TECK-B.TO), Coronado Global Resources (private or unlisted), Ramaco Resources (METC), Peabody Energy (BTU). The cockpit's measured peer set (industry) also includes Shan Xi Hua Yang Group New Energy (600348.SS), Whitehaven Coal (WHC.AX), Core Natural Resources (CNR), Yancoal Australia (YAL.AX), Jinneng Holding Shanxi Coal Industry (601001.SS), Jiangsu Xukuang Energy (600925.SS).
Is Warrior Met Coal expensive compared with its peers?
On forward p/e it trades at 8.6× against a peer median of 11.0×, 3rd cheapest of 18 in its peer set.
How has Warrior Met Coal stock performed?
Over six months to 6 Nov 2026 the shares returned -2.0% against -10.3% for the median peer; over one year +27.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.