Financials Ramaco Resources, Inc. Nasdaq

Stocks

METCB

US75134P5017

Iron & Steel

Real-time Estimate Cboe BZX Other stock markets 19:05:25 09/07/2026 BST			5-day change	1st Jan Change
7.875 ^USD	-2.05%		+1.22%	-31.30%

06-29	Ramaco Resources, Inc.(NasdaqGS:METC.B) added to Russell 2000 Index	CI
06-29	Ramaco Resources, Inc.(NasdaqGS:METC.B) added to Russell 2500 Growth Benchmark	CI

Projected Income Statement: Ramaco Resources, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	283.4	565.7	693.5	666.3	536.6	597.4	711.9	887.9
Change	-	99.61%	22.6%	-3.93%	-19.46%	11.32%	19.18%	24.71%
EBITDA ¹	79.04	204.6	182.1	105.8	36.06	45.95	125.3	152.3
Change	-	158.79%	-10.96%	-41.91%	-65.92%	27.44%	172.72%	21.56%
EBIT ¹	39.53	150.4	95.24	16.64	-55.96	-53.23	14.19	43.66
Change	-	280.41%	-36.67%	-82.53%	-436.35%	4.88%	126.66%	207.66%
Interest Paid ¹	-2.556	-6.829	-8.903	-6.123	-7.804	-1.639	-1.95	-2
Earnings before Tax (EBT) ¹	44.41	146.2	104.7	14.92	-62.14	-52.42	21.48	54.01
Change	-	229.22%	-28.41%	-85.74%	-516.49%	15.64%	140.98%	151.38%
Net income ¹	39.76	116	82.31	11.19	-51.45	-39.93	15.84	40.9
Change	-	191.86%	-29.07%	-86.4%	-559.67%	22.39%	139.67%	158.2%
Announcement Date	24/02/22	08/03/23	07/03/24	10/03/25	25/02/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	76.06	76.38	87.51	154.9	138.7	136.9	135.2	166.4	137.5	187	202.7	172.7	155.3	167.4	170.9	134.7	153	121	128	121.6	133.1	160.9	175.3	148.7	150.2	170.9	181.8
Change	-	0.42%	14.57%	77%	-10.48%	-1.25%	-1.24%	23.02%	-17.37%	36.01%	8.43%	-14.82%	-10.05%	7.79%	2.08%	-21.2%	13.59%	-20.9%	5.79%	-5%	9.48%	20.82%	8.95%	-15.15%	1.04%	13.75%	6.38%
EBITDA ¹	18.08	17.8	31.61	64.06	57.86	50.7	31.93	48.25	30.01	45.41	58.45	24.18	28.8	23.62	29.2	9.788	9.005	8.367	8.896	-1.793	5.504	17.37	23.1	28.27	39.1	39.1	37
Change	-	-1.54%	77.55%	102.63%	-9.68%	-12.36%	-37.02%	51.1%	-37.8%	51.29%	28.73%	-58.63%	19.1%	-17.99%	23.62%	-66.47%	-8%	-7.08%	6.32%	-120.16%	406.95%	215.65%	32.95%	22.41%	38.29%	0%	-5.37%
EBIT ¹	7.021	8.767	22.5	52.89	42.69	36.69	18.12	31.87	10.05	16.08	37.25	3.275	5.415	1.594	6.352	-12.02	-13.84	-14.48	-13.11	-24.3	-18.69	-7.789	-2.419	-10.14	-16.12	-10.23	-7.684
Change	-	24.87%	156.64%	135.07%	-19.29%	-14.05%	-50.61%	75.86%	-68.48%	60.07%	131.65%	-91.21%	65.34%	-70.56%	298.49%	-289.26%	-15.16%	-4.61%	9.49%	-85.44%	23.1%	58.33%	68.95%	-319.15%	-59.02%	36.53%	24.9%
Charge d'intérêts ¹	-0.283	-0.933	-1.138	-1.13	-1.937	-2.255	-1.506	-2.309	-2.518	-2.447	-1.63	-1.332	-1.481	-1.696	-1.614	-2.23	-2.818	-2.25	-0.506	-0.334	-0.575	-0.4833	-0.55	-0.4	-0.4	-0.4	-0.4
Earnings before Tax (EBT) ¹	10.17	8.623	21.64	52.13	43.1	33.5	17.47	30.8	10.02	24.97	38.87	2.572	6.456	-0.178	6.07	-13.75	-16	-16.61	-15.78	-24.15	-16.93	-7.271	-4.083	-15.8	-16.02	-10.13	-7.584
Change	-	-15.21%	150.9%	140.93%	-17.32%	-22.27%	-47.85%	76.32%	-67.46%	149.1%	55.67%	-93.38%	151.01%	-102.76%	3,510.11%	-326.47%	-16.42%	-3.77%	4.97%	-53.06%	29.9%	57.06%	43.84%	-286.84%	-1.42%	36.76%	25.15%
Net income ¹	9.942	7.035	18.64	41.47	33.28	26.9	14.39	25.26	7.556	19.46	30.04	2.032	5.541	-0.239	3.858	-9.457	-13.97	-13.31	-14.7	-18.32	-13.89	-5.81	-1.888	-12.24	-12.42	-7.852	-5.878
Change	-	-29.24%	164.93%	122.51%	-19.75%	-19.16%	-46.53%	75.57%	-70.08%	157.57%	54.34%	-93.24%	172.69%	-104.31%	1,714.23%	-345.13%	-47.76%	4.77%	-10.5%	-24.58%	24.15%	58.19%	67.5%	-548.41%	-1.42%	36.76%	25.14%
Announcement Date	02/08/21	02/11/21	24/02/22	11/05/22	08/08/22	07/11/22	08/03/23	03/05/23	08/08/23	07/11/23	07/03/24	08/05/24	07/08/24	04/11/24	10/03/25	12/05/25	31/07/25	27/10/25	25/02/26	11/05/26	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Ramaco Resources, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	21.5	-	58.6	-	11.1	122	125	433
Change	-	-	-	-	-	1,002.08%	2.46%	246.4%
Announcement Date	24/02/22	08/03/23	07/03/24	10/03/25	25/02/26	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Ramaco Resources, Inc.

Fiscal Period: December	2021	2023	2024	2025	2026	2027	2028
CAPEX ¹	29.47	82.9	68.8	62.78	85.86	72.67	65
Change	-	-	-17.01%	-8.75%	36.77%	-15.37%	-10.55%
Free Cash Flow (FCF) ¹	47.02	67.97	43.82	-60.81	-62.44	31.54	46.2
Change	-	-	-35.53%	-238.77%	-2.68%	150.5%	46.5%
Announcement Date	24/02/22	07/03/24	10/03/25	25/02/26	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Ramaco Resources, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	27.89%	36.16%	26.26%	15.88%	6.72%	7.69%	17.6%	17.16%
EBIT Margin (%)	13.95%	26.58%	13.73%	2.5%	-10.43%	-8.91%	1.99%	4.92%
EBT Margin (%)	15.67%	25.84%	15.09%	2.24%	-11.58%	-8.78%	3.02%	6.08%
Net margin (%)	14.03%	20.51%	11.87%	1.68%	-9.59%	-6.68%	2.22%	4.61%
FCF margin (%)	16.59%	-	9.8%	6.58%	-11.33%	-10.45%	4.43%	5.2%
FCF / Net Income (%)	118.26%	-	82.57%	391.56%	118.21%	156.4%	199.1%	112.97%
Profitability
ROA	-	-	-	-	-	-	-	-
ROE	20.92%	-	24.25%	-	-12.16%	-7.85%	4.26%	12.22%
Financial Health
Leverage (Debt/EBITDA)	0.27x	-	0.32x	-	0.31x	2.65x	1x	2.84x
Debt / Free cash flow	0.46x	-	0.86x	-	-0.18x	-1.95x	3.97x	9.37x
Capital Intensity
CAPEX / Current Assets (%)	10.4%	-	11.95%	10.33%	11.7%	14.37%	10.21%	7.32%
CAPEX / EBITDA (%)	37.28%	-	45.52%	65.03%	174.13%	186.87%	57.99%	42.67%
CAPEX / FCF (%)	62.67%	-	121.97%	157%	-103.24%	-137.51%	230.43%	140.69%
Items per share
Cash flow per share ¹	1.205	-	-	-	0.0408	0.91	2.03	-
Change	-	-	-	-	-	2,130.39%	123.08%	-
Dividend per Share ¹	-	-	0.5	0.55	-	0.0267	0.0433	0.05
Change	-	-	-	10%	-	-	62.47%	15.39%
Book Value Per Share ¹	4.787	-	6.998	-	7.308	6.48	6.88	7.81
Change	-	-	-	-	-	-11.33%	6.17%	13.52%
EPS ¹	0.9	2.6	1.73	0.11	-0.99	-0.7883	0.0717	0.49
Change	-	188.89%	-33.46%	-93.64%	-1,000%	20.37%	109.09%	583.69%
Nbr of stocks (in thousands)	44,109	44,122	53,377	53,216	66,449	65,311	65,311	65,311
Announcement Date	24/02/22	08/03/23	07/03/24	10/03/25	25/02/26	-	-	-