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Companies / Materials / Ramaco Resources, Inc.
METC

Ramaco Resources, Inc.

MaterialsMining
Ticker METCLEXINGTON, KYFiscal year ends DecemberBook value per share $9.22Diluted shares 39.4M

Ramaco Resources, Inc. (Nasdaq: METC) operates and develops metallurgical coal mines in southern West Virginia and southwestern Virginia and is developing a rare earth elements and critical minerals business in Wyoming. Its Metallurgical Coal segment supplies coal used in steelmaking to North American steel mills and… From the company’s description.

Over the twelve months to Sep 30, 2026, Ramaco Resources, Inc. reported revenue of $544.51M, down 6.0% from a year earlier, and a net loss of $66.67M. Its operating margin was −14.6%, and operations used $52.77M in cash. In fiscal 2025, it reported revenue of $536.62M, down 19.5% from fiscal 2024, and a net loss of $51.45M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$536.62MFY2025
−19.5% year over year
Last 12 mo $544.51M
-10.43%FY2025
−12.9 percentage points
Last 12 mo -14.56%
$-51.45MFY2025
−559.7% year over year
Last 12 mo $-66.67M
-10.64%FY2025
−13.7 percentage points
Last 12 mo -18.37%
Cash & financing
$1.97MFY2025
−98.3% year over year
Last 12 mo $-52.77M
$-62.53MFY2025
−242.7% year over year
Last 12 mo $-145.36M
0.97FY2025
Was 0.28× a year earlier
Last 12 mo 1.29
52.0MFY2025
−48.9% year over year
Last 12 mo 39.4M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Ramaco Resources, Inc. does

In the company’s own words

Ramaco Resources, Inc. (Nasdaq: METC) operates and develops metallurgical coal mines in southern West Virginia and southwestern Virginia and is developing a rare earth elements and critical minerals business in Wyoming. Its Metallurgical Coal segment supplies coal used in steelmaking to North American steel mills and coke plants, international buyers, and specialty markets; its Rare Earths and Critical Minerals segment centers on the Brook Mine, where coal and carbonaceous materials contain rare earth elements and minerals including gallium, germanium, and scandium. The company also operates a carbon research facility near the Brook Mine focused on advanced carbon products. Its coal portfolio includes the Elk Creek, Berwind, Knox Creek, and Maben complexes, with active mines and preparation and rail-loading facilities. In 2025, Ramaco sold 3.8 million tons of coal and recognized $536.6 million in revenue; 63% of revenue came from export markets and 37% from North America. The Brook Mine began development in 2025, with initial ore material produced for testing.

Company details
Sector
Materials
Industry (SIC)
Mining
Headquarters
LEXINGTON, KY
Fiscal year end
December
CIK
1687187
SIC
1220

Financial performance, year by year

Fiscal 2017–2025 · USD
$-142.69M$85.37M$313.43M$541.48M$769.54M201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Ramaco Resources, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

166
funds hold it
0 of 35
superinvestors hold it
$163.66M
held by funds, at market
20.8%
of shares held by funds
1
bond issues held by funds

Largest fund holders · Ramaco Resources, Inc.’s weight in each

0.65%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.02%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.01%of fund net assets
Fidelity Small Cap Index Fund
FSSNX · Fidelity Salem Street Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

By share class

ClassHeld by fundsFundsShares out
METCClass A Common Stock, $0.01 par value20.8%15851.9M
METCBClass B Common Stock, $0.01 par value11.7%7411.8M

Ramaco Resources, Inc.’s bonds, as funds hold them

Funds report holding 1 issues of Ramaco Resources, Inc.’s debt, $24.08M at market value — what funds hold, not the company’s total debt.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Ramaco Resources, Inc. and its peers compare on margins and cash generation over ten years?”
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