HCC vs. STLD

Last updated Apr 1, 2026

Compare and contrast key facts about Warrior Met Coal, Inc. (HCC) and Steel Dynamics, Inc. (STLD).

Performance

HCC vs. STLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Warrior Met Coal, Inc. (HCC) and Steel Dynamics, Inc. (STLD). The values are adjusted to include any dividend payments, if applicable.

HCC vs. STLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HCC Warrior Met Coal, Inc.	5.75%	63.49%	-9.79%	81.59%	41.03%	21.82%	2.30%	1.98%	23.20%	125.04%
STLD Steel Dynamics, Inc.	6.55%	50.70%	-1.99%	22.75%	60.14%	71.42%	12.46%	16.78%	-29.02%	32.75%

Fundamentals

Market Cap HCC : $4.91B STLD : $26.32B
EPS HCC : $1.08 STLD : $8.03
PE Ratio HCC : 86.03 STLD : 22.43
PS Ratio HCC : 3.75 STLD : 1.46
PB Ratio HCC : 2.29 STLD : 2.94
Total Revenue (TTM) HCC : $1.31B STLD : $18.18B
Gross Profit (TTM) HCC : $728.88M STLD : $2.38B
EBITDA (TTM) HCC : $143.41M STLD : $2.11B

Returns By Period

In the year-to-date period, HCC achieves a 5.75% return, which is significantly lower than STLD's 6.55% return.

HCC

• 1D: -1.14%
• 1M: 11.91%
• YTD: 5.75%
• 6M: 46.65%
• 1Y: 96.17%
• 3Y*: 37.58%
• 5Y*: 43.74%
• 10Y*: —

STLD

• 1D: 5.11%
• 1M: -6.51%
• YTD: 6.55%
• 6M: 29.88%
• 1Y: 45.86%
• 3Y*: 18.48%
• 5Y*: 30.71%
• 10Y*: 25.35%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

HCC vs. STLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HCC

HCC Risk / Return Rank: 88
HCC Sharpe Ratio Rank: 88
HCC Sortino Ratio Rank: 88
HCC Omega Ratio Rank: 84
HCC Calmar Ratio Rank: 90
HCC Martin Ratio Rank: 90

STLD

STLD Risk / Return Rank: 79
STLD Sharpe Ratio Rank: 80
STLD Sortino Ratio Rank: 77
STLD Omega Ratio Rank: 73
STLD Calmar Ratio Rank: 81
STLD Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HCC vs. STLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Warrior Met Coal, Inc. (HCC) and Steel Dynamics, Inc. (STLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	HCC	STLD	Difference
Sharpe ratio Return per unit of total volatility	1.75	1.23	+0.53
Sortino ratio Return per unit of downside risk	2.61	1.90	+0.71
Omega ratio Gain probability vs. loss probability	1.32	1.23	+0.09
Calmar ratio Return relative to maximum drawdown	3.80	2.35	+1.45
Martin ratio Return relative to average drawdown	10.78	7.63	+3.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HCC vs. STLD - Sharpe Ratio Comparison

The current HCC Sharpe Ratio is 1.75, which is higher than the STLD Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of HCC and STLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HCC	STLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.75	1.23	+0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	0.81	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.32	+0.34

Correlation

The correlation between HCC and STLD is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

HCC vs. STLD - Dividend Comparison

HCC's dividend yield for the trailing twelve months is around 0.34%, less than STLD's 1.13% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HCC Warrior Met Coal, Inc.	0.34%	0.36%	1.51%	1.90%	4.45%	0.78%	0.94%	21.85%	27.91%	45.17%	0.00%	0.00%
STLD Steel Dynamics, Inc.	1.13%	1.18%	1.61%	1.44%	1.39%	1.68%	2.71%	2.82%	2.50%	1.44%	1.57%	3.08%

Drawdowns

HCC vs. STLD - Drawdown Comparison

The maximum HCC drawdown since its inception was -64.81%, smaller than the maximum STLD drawdown of -87.05%. Use the drawdown chart below to compare losses from any high point for HCC and STLD.

Drawdown Indicators

	HCC	STLD	Difference
Max Drawdown Largest peak-to-trough decline	-64.81%	-87.05%	+22.24%
Max Drawdown (1Y) Largest decline over 1 year	-24.41%	-20.33%	-4.08%
Max Drawdown (5Y) Largest decline over 5 years	-45.53%	-32.20%	-13.33%
Max Drawdown (10Y) Largest decline over 10 years	—	-68.46%	—
Current Drawdown Current decline from peak	-8.98%	-12.26%	+3.28%
Average Drawdown Average peak-to-trough decline	-18.23%	-33.48%	+15.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.59%	6.26%	+2.33%

Volatility

HCC vs. STLD - Volatility Comparison

Warrior Met Coal, Inc. (HCC) has a higher volatility of 16.02% compared to Steel Dynamics, Inc. (STLD) at 11.06%. This indicates that HCC's price experiences larger fluctuations and is considered to be riskier than STLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HCC	STLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.02%	11.06%	+4.96%
Volatility (6M) Calculated over the trailing 6-month period	37.00%	24.29%	+12.71%
Volatility (1Y) Calculated over the trailing 1-year period	55.23%	37.62%	+17.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.54%	38.01%	+11.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.35%	39.19%	+13.16%

Financials

HCC vs. STLD - Profitability Comparison

The chart below illustrates the profitability comparison between Warrior Met Coal, Inc. and Steel Dynamics, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

HCC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Warrior Met Coal, Inc. reported a gross profit of 379.95M and revenue of 383.99M. Therefore, the gross margin over that period was 99.0%.

STLD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Steel Dynamics, Inc. reported a gross profit of 522.07M and revenue of 4.41B. Therefore, the gross margin over that period was 11.8%.

HCC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Warrior Met Coal, Inc. reported an operating income of 34.65M and revenue of 383.99M, resulting in an operating margin of 9.0%.

STLD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Steel Dynamics, Inc. reported an operating income of 310.23M and revenue of 4.41B, resulting in an operating margin of 7.0%.

HCC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Warrior Met Coal, Inc. reported a net income of 22.96M and revenue of 383.99M, resulting in a net margin of 6.0%.

STLD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Steel Dynamics, Inc. reported a net income of 266.03M and revenue of 4.41B, resulting in a net margin of 6.0%.