WARRIOR MET COAL, INC. (HCC) FY2025 10-K Annual Report

Filed: Feb 12, 2026
Energy
Silver OresSEC EDGAR

WARRIOR MET COAL, INC. (HCC) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 12, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

WARRIOR MET COAL, INC. FY2025 10-K Analysis

Business Overview

  • Core business model: Mining and sale of metallurgical coal primarily for steel production
  • No new products, services, or segments introduced or emphasized this year; focus remains on metallurgical coal assets
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Management Discussion & Analysis

  • Revenue $1.31B, down 15% YoY from $1.53B, driven by -29.5% price decline offset by +21% volume increase (8.7M vs 7.2M tons sold)
  • Net income $57M (4.4% margin) vs $251M (16.4% margin) in 2024; operating income 3.5% vs 16.7%; adjusted EBITDA $256.5M vs $447.9M
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Risk Factors

  • IRS private letter ruling Sept 18, 2017 on Section 382 NOL utilization exception dependent on accurate representations to IRS
  • Alabama House Bill 170 repeal of corporate income tax throwback rule effective Jan 1, 2021 limits use of $45.0M state deferred tax assets
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WARRIOR MET COAL, INC. FY2025 Key Financial Metrics
XBRL

Revenue

$1.3B

-14.1% YoY

Net Income

$57M

-77.3% YoY

Operating Margin

3.5%

-1322bp YoY

Net Margin

4.4%

-1208bp YoY

ROE

2.7%

-932bp YoY

Total Assets

$2.8B

+7.4% YoY

EPS (Diluted)

$1.08

-77.5% YoY

Operating Cash Flow

$229M

-37.6% YoY

Source: XBRL data from WARRIOR MET COAL, INC. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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