InsiderClue
Stocks · Silver Ores

Ramaco Resources, Inc.

METC Clue Score38
United States Fiscal year ends December CIK 0001687187
$8.70 +2.47% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $8.70 −41.49% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 3 Feb 2017. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue5.2Operating income−7.5Net income−7.5Fiscal year 2017Revenue61.0 +1,070.2%Operating income−15.9Net income−15.4EPS, diluted−0.41Fiscal year 2018Revenue227.6 +272.9%Operating income24.1Net income25.1EPS, diluted0.62Fiscal year 2019Revenue168.9 −25.8%Operating income29.5Net income24.9 −0.6%EPS, diluted0.61 −1.6%Fiscal year 2020Revenue168.9 +0.0%Operating income−19.1Net income−4.9 −119.7%EPS, diluted−0.12 −119.7%Fiscal year 2021Revenue283.4 +67.8%Operating income39.5Net income39.8EPS, diluted0.90Fiscal year 2022Revenue565.7 +99.6%Operating income150.4Net income116.0 +191.9%EPS, diluted2.60 +188.9%Fiscal year 2023Revenue693.5 +22.6%Operating income95.2Net income82.3 −29.1%EPS, diluted1.73 −33.5%Fiscal year 2024Revenue666.3 −3.9%Operating income16.6Net income11.2 −86.4%EPS, diluted0.11 −93.6%Fiscal year 2025Revenue536.6 −19.5%Operating income−56.0Net income−51.4 −559.7%EPS, diluted−0.99 −1,000.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 5.2 61.0 227.6 168.9 168.9 283.4 565.7 693.5 666.3 536.6
Growth +1,070.2% +272.9% −25.8% +0.0% +67.8% +99.6% +22.6% −3.9% −19.5%
Operating income −7.5 −15.9 24.1 29.5 −19.1 39.5 150.4 95.2 16.6 −56.0
Net income −7.5 −15.4 25.1 24.9 −4.9 39.8 116.0 82.3 11.2 −51.4
Growth −0.6% −119.7% +191.9% −29.1% −86.4% −559.7%
EPS, diluted n/a −0.41 0.62 0.61 −0.12 0.90 2.60 1.73 0.11 −0.99
Growth −1.6% −119.7% +188.9% −33.5% −93.6% −1,000.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin−144.4%Net margin−144.1%Free cash flow margin−394.6%Fiscal year 2017Operating margin−26.0%Net margin−25.3%Free cash flow margin−136.8%Fiscal year 2018Operating margin10.6%Net margin11.0%Free cash flow margin−5.3%Fiscal year 2019Operating margin17.5%Net margin14.8%Free cash flow margin−2.0%Fiscal year 2020Operating margin−11.3%Net margin−2.9%Free cash flow margin−6.8%Fiscal year 2021Operating margin13.9%Net margin14.0%Free cash flow margin8.4%Fiscal year 2022Operating margin26.6%Net margin20.5%Free cash flow margin11.5%Fiscal year 2023Operating margin13.7%Net margin11.9%Free cash flow margin11.3%Fiscal year 2024Operating margin2.5%Net margin1.7%Fiscal year 2025Operating margin−10.4%Net margin−9.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin −144.4% −26.0% 10.6% 17.5% −11.3% 13.9% 26.6% 13.7% 2.5% −10.4%
Net margin −144.1% −25.3% 11.0% 14.8% −2.9% 14.0% 20.5% 11.9% 1.7% −9.6%
Free cash flow margin −394.6% −136.8% −5.3% −2.0% −6.8% 8.4% 11.5% 11.3% n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−3.9Capital expenditure−16.7Free cash flow−20.6Fiscal year 2017Operating cash flow−8.5Capital expenditure−75.0Free cash flow−83.5Fiscal year 2018Operating cash flow36.2Capital expenditure−48.1Free cash flow−12.0Fiscal year 2019Operating cash flow42.4Capital expenditure−45.7Free cash flow−3.3Fiscal year 2020Operating cash flow13.3Capital expenditure−24.8Free cash flow−11.4Fiscal year 2021Operating cash flow53.3Capital expenditure−29.5Free cash flow23.9Dividends paid−20.0Fiscal year 2022Operating cash flow187.9Capital expenditure−123.0Free cash flow64.9 +171.7%Dividends paid−20.0Fiscal year 2023Operating cash flow161.0Capital expenditure−82.9Free cash flow78.1 +20.5%Dividends paid−25.8Fiscal year 2024Operating cash flow112.7Dividends paid−24.6Fiscal year 2025Operating cash flow2.0Dividends paid−4.3
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −3.9 −8.5 36.2 42.4 13.3 53.3 187.9 161.0 112.7 2.0
Capital expenditure −16.7 −75.0 −48.1 −45.7 −24.8 −29.5 −123.0 −82.9 n/a n/a
Free cash flow −20.6 −83.5 −12.0 −3.3 −11.4 23.9 64.9 78.1 n/a n/a
Growth +171.7% +20.5%
Dividends paid n/a n/a n/a n/a n/a −20.0 −20.0 −25.8 −24.6 −4.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash5.2Shareholders’ equity−5.0Fiscal year 2017Cash5.9Shareholders’ equity113.4Fiscal year 2018Cash7.0Total debt9.5Net cash (debt)−2.5Shareholders’ equity141.1Debt to equity0.07Fiscal year 2019Cash5.5Total debt12.9Net cash (debt)−7.4Shareholders’ equity170.1Debt to equity0.08Fiscal year 2020Cash5.3Total debt17.5Net cash (debt)−12.2Shareholders’ equity169.1Debt to equity0.10Fiscal year 2021Cash21.9Total debt11.0Net cash (debt)10.9Shareholders’ equity211.1Debt to equity0.05Fiscal year 2022Cash35.6Total debt54.4Net cash (debt)−18.8Shareholders’ equity309.2Debt to equity0.18Fiscal year 2023Cash42.0Total debt56.9Net cash (debt)−14.9Shareholders’ equity369.6Debt to equity0.15Fiscal year 2024Cash33.0Total debt0.4Net cash (debt)32.6Shareholders’ equity362.8Debt to equity0.00Fiscal year 2025Cash440.3Total debt467.6Net cash (debt)−27.3Shareholders’ equity483.6Debt to equity0.97
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 5.2 5.9 7.0 5.5 5.3 21.9 35.6 42.0 33.0 440.3
Total debt n/a n/a 9.5 12.9 17.5 11.0 54.4 56.9 0.4 467.6
Net cash (debt) n/a n/a −2.5 −7.4 −12.2 10.9 −18.8 −14.9 32.6 −27.3
Shareholders’ equity −5.0 113.4 141.1 170.1 169.1 211.1 309.2 369.6 362.8 483.6
Debt to equity n/a n/a 0.07 0.08 0.10 0.05 0.18 0.15 0.00 0.97

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
5.2 61.0 227.6 168.9 168.9 283.4 565.7 693.5 666.3 536.6
Growth +1,070.2% +272.9% −25.8% +0.0% +67.8% +99.6% +22.6% −3.9% −19.5%
n/a 60.5 176.6 162.5 145.5 195.4 333.0 493.8 533.3 453.4
7.5 12.6 14.0 18.2 21.0 21.6 40.0 48.8 49.3 69.4
−7.5 −15.9 24.1 29.5 −19.1 39.5 150.4 95.2 16.6 −56.0
Growth +22.6% −164.7% +280.4% −36.7% −82.5% −436.4%
−7.5 −15.4 25.2 30.1 −8.4 44.4 146.2 104.7 14.9 −62.1
0.0 0.0 0.1 5.2 −3.5 4.6 30.2 22.4 3.7 −10.7
−7.5 −15.4 25.1 24.9 −4.9 39.8 116.0 82.3 11.2 −51.4
Growth −0.6% −119.7% +191.9% −29.1% −86.4% −559.7%
Per share
n/a −0.41 0.63 0.61 −0.12 0.90 2.63 1.77 0.11 −0.99
n/a −0.41 0.62 0.61 −0.12 0.90 2.60 1.73 0.11 −0.99
Growth −1.6% −119.7% +188.9% −33.5% −93.6% −1,000.0%
n/a 37.6 40.0 40.8 42.5 44.0 44.2 n/a n/a n/a
n/a 37.6 40.3 40.8 42.5 44.3 44.7 n/a n/a n/a
Growth +7.1% +1.4% +4.0% +4.2% +1.0%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 26.0% a year over five years.
  • The diluted share count rose 19.0% in five years, which is dilution.
  • Operating margin is flat at -10.4%.
  • A net loss in 4 of 10 years on file.