Warrior Met Coal (HCC) Operating Margin (2016 - 2026)
Warrior Met Coal's Operating Margin came in at 18.54% for Q2 2026, up 15.95 percentage points from 2.60% a year earlier and up 1.24 percentage points from the prior quarter.
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Analysis
Warrior Met Coal (HCC) Operating Margin (2016 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Warrior Met Coal reported Operating Margin of 13.64%, up 11.57 percentage points year-over-year; for FY2025, it came in at 3.49%, down 13.22 percentage points from FY2024.
- Operating Margin has declined in each of the last three years, though with a five-year change of +6.96 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 16.71% in FY2024 (-15.58 pp), 32.29% in FY2023 (-13.80 pp), 46.09% in FY2022 (+23.08 pp) and 23.01% in FY2021 (+26.48 pp).
- The Q2 2026 figure represents the highest quarterly Operating Margin since Q1 2024.
- Year-over-year, Operating Margin has increased for three consecutive quarters, with an average year-over-year change of -7.31 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q4 2021 (a gain of 62.14 percentage points), and the weakest in Q4 2024 (a drop of 38.13 percentage points).
- Business Quant data shows HCC's Operating Margin at 17.31% (Q1 2026), 9.02% (Q4 2025) and 6.31% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cameco | 37.84 Bn | 33.63 Bn | 190.14 Mn | - |
| 2 | NexGen Energy | 5.97 Bn | 3.49 Bn | - | - |
| 3 | Warrior Met Coal | 4.65 Bn | 3.35 Bn | 169.64 Mn | 18.54% |
| 4 | Uranium Energy | 4.61 Bn | 3.03 Bn | 10.03 Mn | -192.95% |
| 5 | Core Natural Resources | 4.31 Bn | 2.55 Bn | 252.03 Mn | 13.65% |
| 6 | Alliance Resource Partners | 3.14 Bn | 2.83 Bn | 202.70 Mn | 17.33% |
| 7 | Peabody Energy | 2.97 Bn | 823.82 Mn | - | -10.51% |
| 8 | Energy Fuels | 2.74 Bn | -196.21 Mn | 14.42 Mn | -121.77% |
| 9 | Centrus Energy | 2.66 Bn | -4.67 Bn | 49.90 Mn | 5.91% |
| 10 | Alpha Metallurgical Resources | 2.11 Bn | 526.83 Mn | 49.19 Mn | -2.13% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.54% |
| Mar 31, 2026 | 17.31% |
| Dec 31, 2025 | 9.02% |
| Sep 30, 2025 | 6.31% |
| Jun 30, 2025 | 2.60% |
| Mar 31, 2025 | -5.80% |
| Dec 31, 2024 | -1.41% |
| Sep 30, 2024 | 11.94% |
| Jun 30, 2024 | 17.88% |
| Mar 31, 2024 | 29.61% |
| Dec 31, 2023 | 36.71% |
| Sep 30, 2023 | 25.44% |
| Jun 30, 2023 | 23.82% |
| Mar 31, 2023 | 41.14% |
| Dec 31, 2022 | 34.11% |
| Sep 30, 2022 | 31.89% |
| Jun 30, 2022 | 59.59% |
| Mar 31, 2022 | 49.35% |
| Dec 31, 2021 | 44.34% |
| Sep 30, 2021 | 25.31% |
API Access
Warrior Met Coal Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=HCC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "HCC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=HCC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();