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Held by 250 of 6,047 reporting institutions (93th percentile) — extremely crowded.
Data as of Q2 2026
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Ranked against 6 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-06-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HCC | $4.7B | 83.2× | 19.6× | 3.6× | -14.1% | 25.0% | 4.4% | 2.7% | 2.5% | -0.6× | 338 |
| CNR | $4.4B | — | 9.9× | 1.1× | 86.2% | — | -3.7% | -4.2% | -3.8% | -0.1× | 354 |
| BTU | $3.0B | — | 8.1× | 0.8× | -8.9% | — | -1.1% | -1.2% | -1.2% | -1.9× | 325 |
| AMR | $2.2B | — | 16.4× | 1.0× | -28.0% | — | -2.9% | -4.0% | -4.0% | -3.2× | 250 |
| CODQL | $2.0B | — | — | 1.0× | -22.2% | 21.8% | -22.2% | -66.5% | -32.3% | — | — |
| METC | $541M | — | 46.6× | 1.0× | -19.5% | 15.5% | -9.6% | -10.6% | -5.4% | 2.2× | 207 |
| NC | $276M | 15.5× | 6.9× | 1.0× | 16.6% | 13.9% | 6.3% | 4.1% | 3.3% | 1.1× | 92 |
Peers = companies sharing AMR's sector (Bituminous Coal & Lignite Surface Mining) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 3 positive fiscal years (FY2023, FY2024, FY2025). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $174.28 today, the market must believe free cash flow compounds -9.0%/yr for a decade (off $334.9M on the 3-yr avg basis).
On the basis ($319.9M) the requirement is -8.2%/yr. Shares issued to employees are added back in operating cash flow, so this basis treats them as free.
The market's -9.0% is more optimistic than its 8-yr track record.
Default is 11.1% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 0.01B shares (market data) · net debt -$358.5M
Today's price is outside this grid at every discount rate shown — the assumptions it requires lie beyond the plotted range, which is itself the finding.
mean 256.7% · volatility σ 591% · implied rate exceeded in 2/7 yrs
Central path = implied -9.0%/yr growth; shaded band = ±1σ (591%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $415K dividends + $0 buybacks = $415K returned on $17.8M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 9 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Insufficient data. Current ROIC on all capital: -4%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 9 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-10-08
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.13B 100.0% | $2.96B 100.0% | $3.47B 100.0% | $4.10B 100.0% | $2.26B 100.0% | $1.42B 100.0% | $2.00B 100.0% | $2.03B 100.0% | $1.65B 100.0% |
| Selling, General & Admin | $60.2M 2.8% | $74.0M 2.5% | $82.4M 2.4% | $71.6M 1.7% | $63.9M 2.8% | $57.4M 4.1% | $79.0M 3.9% | $59.3M 2.9% | $67.5M 4.1% |
| Total Operating Expenses | $2.19B 102.9% | $2.73B 92.3% | $2.61B 75.1% | $2.52B 61.5% | $1.90B 84.1% | $1.59B 112.1% | $2.17B 108.4% | $1.84B 90.5% | $1.47B 88.9% |
| Operating Income | -$61.4M -2.9% | $227.9M 7.7% | $863.1M 24.9% | $1.58B 38.5% | $359.2M 15.9% | -$170.7M -12.1% | -$169.1M -8.4% | $193.8M 9.5% | $182.4M 11.1% |
| Interest Expense | $3.0M 0.1% | $3.8M 0.1% | $6.9M 0.2% | $21.8M 0.5% | $69.7M 3.1% | $74.5M 5.3% | $67.5M 3.4% | $38.8M 1.9% | $36.0M 2.2% |
| Interest & Investment Income | $15.5M 0.7% | $18.2M 0.6% | $11.9M 0.3% | $3.2M 0.1% | $336K 0.0% | $7.0M 0.5% | $7.2M 0.4% | $1.9M 0.1% | $210K 0.0% |
| Other Income (Expense), net | -$26.1M -1.2% | -$17.1M -0.6% | -$17.6M -0.5% | -$26.1M -0.6% | -$67.0M -3.0% | -$72.9M -5.2% | -$103.8M -5.2% | -$56.3M -2.8% | -$76.6M -4.6% |
| Pretax Income | -$87.5M -4.1% | $210.8M 7.1% | $845.5M 24.4% | $1.55B 37.9% | $292.2M 12.9% | -$243.6M -17.2% | -$272.9M -13.6% | $137.5M 6.8% | $105.8M 6.4% |
| Income Tax Expense | -$25.8M -1.2% | $23.2M 0.8% | $123.5M 3.6% | $106.2M 2.6% | $3.4M 0.2% | -$2.2M -0.2% | -$53.3M -2.7% | -$165.4M -8.1% | -$68.0M -4.1% |
| Net Income | -$61.7M -2.9% | $187.6M 6.3% | $722.0M 20.8% | $1.45B 35.3% | $288.8M 12.8% | -$446.9M -31.6% | -$316.3M -15.8% | $299.2M 14.7% | $154.5M 9.4% |
| Per Share | |||||||||
| EPS (Basic) | -$4.75 | $14.41 | $51.18 | $82.82 | $15.66 | -$24.42 | -$16.82 | $27.28 | $15.12 |
| EPS (Diluted) | -$4.75 | $14.28 | $49.30 | $79.49 | $15.30 | -$24.42 | -$16.82 | $25.54 | $14.35 |
| Weighted Avg Shares (Basic) | 13.0M | 13.0M | 14.1M | 17.5M | 18.4M | 18.3M | 18.8M | 11.0M | 10.2M |
| Weighted Avg Shares (Diluted) | 13.0M | 13.1M | 14.6M | 18.2M | 18.9M | 18.3M | 18.8M | 11.7M | 10.8M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $301.9M covers all $11.0M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2022-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~40.6% on $7.4M of debt.
Cash vs short-term debt unavailable.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-10-08
Where each multiple sits in its own 9-yr range · 64th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 9-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE -4% against ROIC -4% — -0% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 4.5× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| SG&A | 2.9 | 3.9 | 4.1 | 2.8 | 1.7 | 2.4 | 2.5 | 2.8 |
| Operating Income | 9.5 | -8.4 | -12.1 | 15.9 | 38.5 | 24.9 | 7.7 | -2.9 |
| Income Tax | -8.1 | -2.7 | -0.2 | 0.2 | 2.6 | 3.6 | 0.8 | -1.2 |
| Net Income | 14.7 | -15.8 | -31.6 | 12.8 | 35.3 | 20.8 | 6.3 | -2.9 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on AMR: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Earns -15.57pts against its cost of capital — capital is being consumed, not created.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2019 | -12.8% | 11.1% (today's — no rate published for this year) | -23.9pts |
| FY2020 | -21.1% | 11.1% (today's — no rate published for this year) | -32.2pts |
| FY2021 | 32.9% | 6.6% | 26.3pts |
| FY2022 | 115.2% | 8.8% | 106.4pts |
| FY2023 | 55.5% | 7.5% | 48.0pts |
| FY2024 | 16.4% | 9.9% | 6.6pts |
| FY2025 | -4.4% | 11.3% | -15.8pts |
| Now | -4.0% | 11.1% | -15.1pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2017 | not reported | 11.1% | 9.4% |
| FY2018 | not reported | 9.5% | 14.7% |
| FY2019 | not reported | -8.4% | -15.8% |
| FY2020 | not reported | -12.1% | -31.6% |
| FY2021 | not reported | 15.9% | 12.8% |
| FY2022 | not reported | 38.5% | 35.3% |
| FY2023 | not reported | 24.9% | 20.8% |
| FY2024 | not reported | 7.7% | 6.3% |
| FY2025 | not reported | -2.9% | -2.9% |
Return on equity (-4%) and return on invested capital (-4%) are within a couple of points in FY2025, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
$11M of goodwill — 1% of invested capital. The gap is what was paid above the fair value of what was bought; it is real capital shareholders provided, so neither bar is the whole answer.
ROIC ex-goodwill is -4.48% against -4.44% reported — the return is earned on a capital base inflated by what was paid for acquisitions, not by the operating business alone.
Converts 1.02x of reported profit into free cash flow over 4 years, with accruals negative.
Reported free cash flow is $18M; after share-based compensation it is $4M. The difference is a real cost that the cash flow statement adds back.
Stressed coverage falls to -14.2x — below the level at which interest is reliably covered.
| EBITDA decline | Interest coverage |
|---|---|
| 0% | -20.33x |
| 5% | -19.31x |
| 10% | -18.29x |
| 15% | -17.28x |
| 20% | -16.26x |
| 25% | -15.24x |
| 30% | -14.23x |
| 35% | -13.21x |
| 40% | -12.20x |
| 45% | -11.18x |
| 50% | -10.16x |
| 55% | -9.15x |
| 60% | -8.13x |
This schedule comes from a filing dated 2022-12-31, 1378 days old. Maturities are shown relative to that date, not to today.
Ladder as of 2022-12-31 (10-K); cash from the 2022-12-31 balance sheet; FCF from FY2022.
Balance sheet at 2022-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Operating leases are $5,337,000 of the $12,768,000 total — a fixed obligation that does not appear in a headline debt figure.
At $174.28, free cash flow must compound -8.93%/yr for 10 years. It has no positive compounding record to compare against.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2021 | 849.0% | −8.9% |
| FY2022 | 1340.0% | −8.9% |
| FY2023 | −54.1% | −8.9% |
| FY2024 | −37.1% | −8.9% |
| FY2025 | −95.3% | −8.9% |
The implied rate has been matched or beaten in 2 of the last 5 years.
| Step | Amount | Running total |
|---|---|---|
| Net income | −$62M | −$62M |
| Share-based comp | $14M | −$48M |
| Other non-cash & working capital | $193M | $145M |
| Operating cash flow | $145M | $145M |
| Capex | −$127M | $18M |
| Free cash flow | $18M | $18M |
| FCF after SBC | $4M | $4M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | -29.2% | -35.0% | -5.8 points |
| FY2021 | 59.5% | 235.9% | 176.4 points |
| FY2022 | 81.6% | -16.8% | -98.4 points |
| FY2023 | -15.4% | 25.2% | 40.5 points |
| FY2024 | -14.8% | -28.9% | -14.1 points |
| FY2025 | -28.0% | -23.1% | 4.9 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2019 | 40.9 days | not reported | not reported | not reported |
| FY2020 | 37.5 days | not reported | not reported | not reported |
| FY2021 | 79.1 days | not reported | not reported | not reported |
| FY2022 | 36.2 days | not reported | not reported | not reported |
| FY2023 | 53.6 days | not reported | not reported | not reported |
| FY2024 | 44.7 days | not reported | not reported | not reported |
| FY2025 | 47.8 days | not reported | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | -19.5 percent |
| FY2020 | -34.3 percent |
| FY2021 | 6.1 percent |
| FY2022 | -1.5 percent |
| FY2023 | -5.4 percent |
| FY2024 | -16.1 percent |
| FY2025 | -9.1 percent |
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2025) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.