HNRGNasdaqElectric ServicesFiscal year ends December 31
HALLADOR ENERGY CO
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$11.66−0.05 (-0.43%)
Close on Oct 19, 2026
- Market cap
- $549.57M
- P/E (TTM)
- 583.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
–
Operating margin
13.0%+11.7 pts over 5 years
Net margin
8.9%+11.5 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 | +16.2% | +9.1% | +14.0% | +3.3% | |
| Operating income | – | +26.1% | +81.5% | – | |
| Net income | – | +32.2% | – | +7.6% | |
| EPS, diluted | – | +20.4% | – | +3.5% | |
| Free cash flow | -5.2% | +330.9% | -17.9% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 5.9% | -3.3% | 31.7% | |
| Return on assets | 2.3% | -1.5% | 10.8% | |
| Current ratio | 1.70 | 0.89 | 0.81 | |
| Debt to equity | 1.10 | 0.71 | 0.19 | |
| Net debt to EBITDA | – | 2.89× | 0.19× | |
| Interest coverage | – | 0.2× | 3.6× | |
| Capex to revenue | – | 8.5% | 14.7% | |
| Diluted shares | 29M | 30M | 43M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Hallador Energy generated $308.63M from operations and spent $280.00M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$308.63M
Used
$280.00M
Capital expenditure$280.00M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin8.9%
×Asset turnover1.21×
×Equity multiplier2.94×
=Return on equity, FY202531.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 8.9% | 1.21× | 2.94× | 31.7% |
| FY2024 | -56.0% | 0.84× | 2.57× | -121.3% |
| FY2023 | 7.1% | 1.04× | 2.52× | 18.5% |
| FY2022 | 5.0% | 0.74× | 2.29× | 8.4% |
| FY2021 | -1.5% | 0.67× | 1.84× | -1.9% |
| FY2020 | -2.5% | 0.60× | 2.15× | -3.3% |
| FY2019 | -18.5% | 0.69× | 2.11× | -26.8% |
| FY2018 | 2.6% | 0.57× | 2.05× | 3.0% |
| FY2017 | 12.2% | 0.52× | 2.25× | 14.2% |
| FY2016 | 4.4% | 0.53× | 2.53× | 5.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$41.87M
- Cash generatingOperating cash flow above zero$81.13M
- Return on assets improvedROA up on the prior year-38.3% → 11.3%
- Earnings backed by cashOperating cash flow above net income$81.13M vs $41.87M
- Less leverageLong-term debt to assets fell10.1% → 7.3%
- Better liquidityCurrent ratio rose0.69 → 0.81
- No dilutionShare count did not rise40M → 43M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.69 → 1.27