Flagship explainer

How Warrior Met Coal, Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$1.3B · 100%Cost of revenue$982M · 75%Gross profit$328M · 25%Operating income$45.7M · 3%Income before tax$54.4M · 4%Income tax−$2.6M · −0%Net income$57M · 4%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$1.3B100%
Cost of revenue$982M75%
$328M25%
$45.7M3%
Income before tax$54.4M4%
Income tax−$2.6M−0%
$57M4%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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