METCRamaco Resources, Inc.
Silver Ores
- Revenue
- $537M
- 19% YoY
- Operating margin
- -10.4%
- 518% YoY
- EBITDA
- $12M
- 85% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 15.2×
- $185M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear3% of revenueOver 10% of revenue
- Payouts exceed cash flowFired220% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear—Over 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $283M | $566M | $694M | $666M | $537M | 19% |
| Operating income | $40M | $150M | $95M | $17M | −$56M | 436% |
| Net income | $40M | $116M | $82M | $11M | −$51M | 560% |
| Operating cash flow | $53M | $188M | $161M | $113M | $2M | 98% |
| Capex | $29M | $123M | $83M | — | — | |
| Stock-based comp | $5M | $8M | $13M | $17M | $18M | 0.6% |
| Dividends | $20M | $20M | $26M | $25M | $4M | 82% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $9M | $16M | 719 | 343 |
| FY2024 | $8M | −$3M | 388 | 188 |
| FY2023 | $8M | $20M | 602 | 226 |
| FY2022 | $6M | −$895K | 255 | 185 |
| FY2021 | $4M | $16M | 380 | 105 |