How Warrior Met Coal makes money

Period

FY2025

How does Warrior Met Coal make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Warrior Met Coal Inc. · FY2025 · year ended 2025-12-31

Revenue$1.3BGross profit$328M · 25%Cost of revenue$982M · 75%Operating income$46M · 3%Operating expenses$282M · 22%SG&A$66M · 5%Other opex$216M · 17%Pre-tax income$57M · 4%Other income$11M · 1%Net income$57M · 4%Product$1.3B · 97%Product & Service Other$33M · 3%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.