AMRNYSEBituminous Coal & Lignite Surface MiningFiscal year ends December 31
Alpha Metallurgical Resources, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$160.09−6.64 (-3.98%)
Close on Oct 19, 2026
- Market cap
- $2.04B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2016 to 2025
Gross margin
9.6%+0.1 pts over 5 years
Operating margin
-2.9%+9.2 pts over 5 years
Net margin
-2.9%+28.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -28.0% | -19.6% | +8.5% | – | |
| Gross profit | -59.5% | -51.7% | +8.7% | – | |
| Free cash flow | -95.3% | -76.2% | +13.0% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -99.7% | -3.9% | |
| Return on assets | – | -22.4% | -2.6% | |
| Current ratio | – | 1.97 | 4.47 | |
| Debt to equity | – | 2.91 | 0.01 | |
| Net debt to EBITDA | – | – | -3.12× | |
| Interest coverage | – | -2.3× | -20.3× | |
| Inventory turnover | – | 9.9× | 10.6× | |
| Capex to revenue | – | 8.4% | 6.0% | |
| Diluted shares | – | 18M | 13M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Alpha Metallurgical Resources generated $3.23B from operations and spent $1.47B on capital expenditure, dividends and share buybacks. 56% of that went back into the business.
Generated
$3.23B
Used
$1.47B
Capital expenditure$818.98M56%Dividends$129.87M9%Share buybacks$522.59M36%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-2.9%
×Asset turnover0.90×
×Equity multiplier1.48×
=Return on equity, FY2025-3.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -2.9% | 0.90× | 1.48× | -3.9% |
| FY2024 | 6.3% | 1.22× | 1.50× | 11.6% |
| FY2023 | 20.8% | 1.47× | 1.57× | 48.1% |
| FY2022 | 35.3% | 1.97× | 2.11× | 146.6% |
| FY2021 | 12.8% | 1.28× | 4.74× | 77.3% |
| FY2020 | -31.6% | 0.71× | 4.44× | -99.7% |
| FY2019 | -15.8% | 0.79× | 2.86× | -35.8% |
| FY2018 | 14.7% | 1.13× | 3.08× | 51.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$61.69M
- Cash generatingOperating cash flow above zero$144.93M
- Return on assets improvedROA up on the prior year7.8% → -2.5%
- Earnings backed by cashOperating cash flow above net income$144.93M vs -$61.69M
- Less leverageLong-term debt to assets fell0.1% → 0.4%
- Better liquidityCurrent ratio rose4.13 → 4.47
- No dilutionShare count did not rise13M → 13M
- Gross margin improvedGross margin up on the prior year17.10% → 9.62%
- More efficientAsset turnover rose1.23 → 0.87