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Ramaco Resources Valuation Multiples
Discover revenue and EBITDA valuation multiples for Ramaco Resources and similar public comparables like Flowco Holdings, 2G Energy, Exmar, North Atlantic Energies and more.
Ramaco Resources Overview
About Ramaco Resources
Ramaco Resources Inc is a United States-based company that operates as a pure-play metallurgical coal company with operations in southern West Virginia and southwestern Virginia. Its portfolio includes high-quality metallurgical coal reserves & resources, with a focus on properties such as Elk Creek, Berwind, Knox Creek, and Maben. These properties are strategically located to serve North American blast furnace steel mills and coke plants, as well as international metallurgical coal consumers. Additionally, the company controls mineral deposits in Sheridan, Wyoming, exploring potential opportunities in rare earth elements and coal-to-carbon-based products. Operations are concentrated in the Appalachian basin, with active mines at Elk Creek, Berwind, Knox Creek, and Maben mining complexes.
Founded
2016
HQ
Employees
984
Website
Sectors
Financials (LTM)
EV
$917M
Ramaco Resources Financials
Ramaco Resources reported last 12-month revenue of $568M and EBITDA of $51M.
In the same LTM period, Ramaco Resources generated $102M in gross profit, $51M in EBITDA, and had net loss of ($41M).
Revenue (LTM)
Ramaco Resources P&L
In the most recent fiscal year, Ramaco Resources reported revenue of $537M and EBITDA of $37M.
Ramaco Resources expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $568M | XXX | $537M | XXX | XXX | XXX |
| Gross Profit | $102M | XXX | $83M | XXX | XXX | XXX |
| Gross Margin | 18% | XXX | 16% | XXX | XXX | XXX |
| EBITDA | $51M | XXX | $37M | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | 7% | XXX | XXX | XXX |
| EBIT Margin | (8%) | XXX | (10%) | XXX | XXX | XXX |
| Net Profit | ($41M) | XXX | ($51M) | XXX | XXX | XXX |
| Net Margin | (7%) | XXX | (10%) | XXX | XXX | XXX |
| Net Debt | — | — | $11M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Ramaco Resources Stock Performance
Ramaco Resources has current market cap of $888M, and enterprise value of $917M.
Market Cap Evolution
Ramaco Resources' stock price is $13.15.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $917M | $888M | -2.7% | XXX | XXX | XXX | $-0.76 |
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Start Free TrialRamaco Resources Valuation Multiples
Ramaco Resources trades at 1.6x EV/Revenue multiple, and 17.9x EV/EBITDA.
EV / Revenue (LTM)
Ramaco Resources Financial Valuation Multiples
As of April 11, 2026, Ramaco Resources has market cap of $888M and EV of $917M.
Equity research analysts estimate Ramaco Resources' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Ramaco Resources has a P/E ratio of (21.5x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $888M | XXX | $888M | XXX | XXX | XXX |
| EV (current) | $917M | XXX | $917M | XXX | XXX | XXX |
| EV/Revenue | 1.6x | XXX | 1.7x | XXX | XXX | XXX |
| EV/EBITDA | 17.9x | XXX | 24.7x | XXX | XXX | XXX |
| EV/EBIT | (20.6x) | XXX | (17.1x) | XXX | XXX | XXX |
| EV/Gross Profit | 9.0x | XXX | 11.0x | XXX | XXX | XXX |
| P/E | (21.5x) | XXX | (17.3x) | XXX | XXX | XXX |
| EV/FCF | (20.8x) | XXX | (17.4x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Ramaco Resources Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Ramaco Resources Margins & Growth Rates
Ramaco Resources' revenue in the last 12 month grew by 19%.
Ramaco Resources' revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.
Ramaco Resources' rule of 40 is 35% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Ramaco Resources' rule of X is 68% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Ramaco Resources Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 19% | XXX | 22% | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Growth | 99% | XXX | 139% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 35% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 68% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 26% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Ramaco Resources Public Comps
See public comps and valuation multiples for other Oil & Gas comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Flowco Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| 2G Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Exmar | XXX | XXX | XXX | XXX | XXX | XXX |
| North Atlantic Energies | XXX | XXX | XXX | XXX | XXX | XXX |
| JANAF | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Ramaco Resources M&A Activity
Ramaco Resources acquired XXX companies to date.
Last acquisition by Ramaco Resources was on XXXXXXXX, XXXXX. Ramaco Resources acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Ramaco Resources
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialRamaco Resources Investment Activity
Ramaco Resources invested in XXX companies to date.
Ramaco Resources made its latest investment on XXXXXXXX, XXXXX. Ramaco Resources invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Ramaco Resources
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Ramaco Resources
| When was Ramaco Resources founded? | Ramaco Resources was founded in 2016. |
| Where is Ramaco Resources headquartered? | Ramaco Resources is headquartered in United States. |
| How many employees does Ramaco Resources have? | As of today, Ramaco Resources has over 984 employees. |
| Who is the CEO of Ramaco Resources? | Ramaco Resources' CEO is Randall W. Atkins. |
| Is Ramaco Resources publicly listed? | Yes, Ramaco Resources is a public company listed on Nasdaq. |
| What is the stock symbol of Ramaco Resources? | Ramaco Resources trades under METC ticker. |
| When did Ramaco Resources go public? | Ramaco Resources went public in 2017. |
| Who are competitors of Ramaco Resources? | Ramaco Resources main competitors are Flowco Holdings, 2G Energy, Exmar, North Atlantic Energies. |
| What is the current market cap of Ramaco Resources? | Ramaco Resources' current market cap is $888M. |
| What is the current revenue of Ramaco Resources? | Ramaco Resources' last 12 months revenue is $568M. |
| What is the current revenue growth of Ramaco Resources? | Ramaco Resources revenue growth (NTM/LTM) is 19%. |
| What is the current EV/Revenue multiple of Ramaco Resources? | Current revenue multiple of Ramaco Resources is 1.6x. |
| Is Ramaco Resources profitable? | Yes, Ramaco Resources is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Ramaco Resources? | Ramaco Resources' last 12 months EBITDA is $51M. |
| What is Ramaco Resources' EBITDA margin? | Ramaco Resources' last 12 months EBITDA margin is 9%. |
| What is the current EV/EBITDA multiple of Ramaco Resources? | Current EBITDA multiple of Ramaco Resources is 17.9x. |
| What is the current FCF of Ramaco Resources? | Ramaco Resources' last 12 months FCF is ($44M). |
| What is Ramaco Resources' FCF margin? | Ramaco Resources' last 12 months FCF margin is (8%). |
| What is the current EV/FCF multiple of Ramaco Resources? | Current FCF multiple of Ramaco Resources is (20.8x). |
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