# Ramaco Resources, Inc. (METC)

**Exchange:** NASDAQ  
**Sector:** Basic Materials  
**Price:** $14.87 (+4.13%)

> Ramaco Resources Inc. is a U.S.-based producer of premium metallurgical coal and industrial minerals, primarily supplying the steel and allied industries. The company develops, mines, and processes high-carbon coal products tailored for blast-furnace and electric-arc furnace steelmakers, alongside industrial rock deposits that yield filter stone, construction aggregates, and lime feedstock. Its flagship operation is the Elk Creek underground mine in Wyoming County, West Virginia, complemented by the advanced-stage Brook Trout development project and rights to additional mineral resources. Ramaco Resources Inc. also advances rare earth and critical mineral development through initiatives like a pilot processing plant and lab at the fully permitted Brook Mine, the first new rare earth mine in America in 70 years. With operations spanning Kentucky, West Virginia, Virginia, and Wyoming, the company serves domestic and global customers including integrated steel producers and specialty chemical manufacturers, emphasizing operational efficiency, environmental stewardship, and safety. Founded in 2010 and headquartered in Lexington, Kentucky, Ramaco Resources Inc. plays a key role in strengthening domestic supply chains for essential materials in steel production and emerging technologies.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $537M | — | -$56M | -$51M | — |
| 2024 | $666M | — | $17M | $11M | — |
| 2023 | $694M | — | $95M | $82M | — |
| 2022 | $566M | — | $150M | $116M | — |
| 2021 | $283M | — | $40M | $40M | — |
| 2020 | $169M | — | -$19M | -$5M | — |
| 2019 | $169M | — | $30M | $25M | — |
| 2018 | $228M | — | $24M | $25M | — |
| 2017 | $61M | — | -$16M | -$15M | — |
| 2016 | $5M | — | -$8M | -$8M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $1.14B | $657M | $484M | $440M | $468M |
| 2024 | $675M | $312M | $363M | $33M | $88M |
| 2023 | $666M | $296M | $370M | $42M | $91M |
| 2022 | $596M | $287M | $309M | $36M | $129M |
| 2021 | $329M | $118M | $211M | $22M | $46M |
| 2020 | $229M | $60M | $169M | $5M | $13M |
| 2019 | $227M | $57M | $170M | $6M | $10M |
| 2018 | $188M | $47M | $141M | $7M | $9M |
| 2017 | $148M | $35M | $113M | $6M | — |
| 2016 | $119M | $35M | -$5M | $5M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $2M | — | — |
| 2024 | $113M | — | — |
| 2023 | $161M | $83M | $78M |
| 2022 | $188M | $123M | $65M |
| 2021 | $53M | $29M | $24M |
| 2020 | $13M | $25M | -$11M |
| 2019 | $42M | $46M | -$3M |
| 2018 | $36M | $48M | -$12M |
| 2017 | -$8M | $75M | -$84M |
| 2016 | -$4M | $17M | -$21M |
| 2015 | -$2M | $5M | -$7M |

Source: [CompaniesByCap](https://companiesbycap.com/company/METC)