American Resources's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of American Resources (AREC) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: American Resources vs Its Competitors
- TTM: Trailing 12-month revenue of 0M vs 35,503M combined for its competitors (0.0% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-133.5% annualized vs trailing 12 months), vs decelerating (-8.7%) for its tracked peer group.
- Scale: American Resources ranks #9 of 10 companies by market capitalization in the Coal Mining industry, holding 0.5% of industry market cap.
- Peer differentiation: Revenue per employee of $0.00M compares with $0.78M for the peer group (0.0x).
- Structure: American Resources operates in the following segments: Consolidated, American Metals.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
API endpoints for this dataset
American Resources vs. its Competitors, Q4 2025
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in American Resources reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across American Resources and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| American Resources Corporation | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (4) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (5) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across American Resources's competitor groups requires a Commercial License.
American Resources's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| American Resources Corporation | - | - | - | No |
| Competitors combined (11) | ||||
| High-Confidence Competitors (5) | ||||
| Similar-Size Competitors (5) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
AREC Stock Performance relative to its Competitors
AREC Stock Performance relative to High-Confidence Competitors
AREC Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Suncoke Energy Inc | 282.9% | Outperformed |
| 2 | Warrior Met Coal Inc | 282.9% | Outperformed |
| 3 | Natural Resource Partners Lp | 282.9% | Outperformed |
| 4 | Cleveland cliffs Inc | 282.9% | Outperformed |
| 5 | Cnx Resources Corporation | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for American Resources's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
American Resources's Comment on Competition and Industry Peers
Publicly Traded Peers of American Resources Corporation
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 American Resources Corporation |
95.13 | 0.38 |
 Cleveland cliffs Inc |
6,578.04 | 20,073.00 |
 Cnx Resources Corporation |
5,155.01 | 2,595.63 |
 Warrior Met Coal Inc |
4,449.09 | 1,680.86 |
 Alliance Resource Partners Lp |
3,137.99 | 2,174.46 |
 Arch Resources Inc |
2,440.02 | 2,415.16 |
| SUBTOTAL | 28,362.34 | 37,919.02 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on American Resources Corporation versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
American Resources's Competitors Named by the Company
Competitive relationships identified from American Resources reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Ramaco Resources | Company report | 85% |
| Arch Resources | Company report | 85% |
| Warrior Met Coal | Company report | 85% |
| MP Materials | Company report | 85% |
| Contura Energy | Company report | 85% |
| Lithium Americas | Company report | 85% |
| Corsa Coal Corporation | Company report | 85% |
| Coronado Coal | Company report | 85% |
| Blackhawk Mining | Company report | 85% |
| Alpha Metallurgical Resources Inc | Company report | 85% |
| Alliance Resource Partners Lp | Company report | 85% |
| Newstream Energy Technologies Group Inc | Company report | 85% |
| Cleveland cliffs Inc | Company report | 85% |
| Nacco Industries Inc | Company report | 85% |
| Rhino Resource Partners Lp | Company report | 85% |
| Aurasource Inc | Company report | 85% |
| Suncoke Energy Inc | Company report | 85% |
| Peabody Energy Corp | Company report | 85% |
| Natural Resource Partners Lp | Company report | 85% |
| Consol Coal Resources Lp | Company report | 85% |
Company report basis, confidence, active dates and source counts for American Resources's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
American Resources's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| American Resources Corporation | Consolidated 99.91 % |
| Cleveland cliffs Inc | Steelmaking 97.86 % |
| Cnx Resources Corporation | Shale 69.92 % |
| Warrior Met Coal Inc | Mining Segment 98.64 % |
| Alliance Resource Partners Lp | Illinois Basin Segment 62.37 % |
| Arch Resources Inc | Metallurgical Segment 66.80 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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American Resources's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| American Resources Corporation | 95 | 2,761 | 388,398 |
| Cleveland cliffs Inc | 6,578 | 802,920 | -18,080 |
| Cnx Resources Corporation | 5,155 | 6,655,451 | 2,340,785 |
| Warrior Met Coal Inc | 4,449 | 1,131,889 | 147,697 |
| Alliance Resource Partners Lp | 3,138 | 608,240 | 76,352 |
| Arch Resources Inc | 2,440 | 710,341 | 52,780 |
| PEERS TOTAL | 28,267 | 784,448 | 19,159 |
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American Resources's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Arch Resources Inc | Foreign Countries 59.18 % |
| Suncoke Energy Inc | United States 94.48 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
American Resources's Position in Industry Market Structure
Market-capitalization share and concentration across all 9 companies in American Resources's industry classification, broader than the peer set above. Market cap in millions of $.American Resources ranks #9 of 9 companies by market capitalization in its industry, holding 0.54 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,773, indicating a moderately concentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Warrior Met Coal Inc | 4,449 | 25.10 % |
| 2 | Core Natural Resources Inc | 4,003 | 22.58 % |
| 3 | Alliance Resource Partners Lp | 3,138 | 17.70 % |
| 4 | Peabody Energy Corp | 1,956 | 11.03 % |
| 5 | Alpha Metallurgical Resources Inc | 1,234 | 5.2% |
| 6 | Natural Resource Partners Lp | 1,234 | 5.2% |
| 7 | Ramaco Resources Inc | 1,234 | 5.2% |
| 8 | Nacco Industries Inc | 1,234 | 5.2% |
| 9 | American Resources Corporation | 95 | 0.54 % |
| 0 | Coronado Global Resources Inc. | 1,234 | 5.2% |
Market cap and industry share for the rest of American Resources's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
American Resources's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 4 | Peabody Energy Corp | 1,956 | -45.20 % |
| 5 | Alpha Metallurgical Resources Inc | 1,881 | -11.32 % |
| 6 | Natural Resource Partners Lp | 1,234 | 12.3% |
| 7 | Ramaco Resources Inc | 1,234 | 12.3% |
| 8 | Nacco Industries Inc | 1,234 | 12.3% |
| 9 | American Resources Corporation | 95 | -73.04 % |
Market cap, return, momentum, beta and Sharpe ratio for the rest of American Resources's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
American Resources's Valuation vs Competitive Position
Valuation multiples vs the Coal Mining industry average (19 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Coal Mining industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 17.6x | - |
| EV / EBITDA | - | 11.7x | - |
| P/B | -7.0x | 1.3x | -8.2x |
| Return on Equity | - | industry aggregate | - |
| Return on Invested Capital | - | -1.17 % (avg) | - |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
American Resources's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 51.41 % | -22.35 % | -95.67 % | 500.00 % | 409.00 % | -57.58 % | -97.71 % | - |
| Operating Margin | -36.47 % | -244.93 % | -1,552.09 % | -365.34 % | -60.79 % | -68.22 % | - | - |
| Return on Invested Capital | - | -247.43 % | - | -119.84 % | -139.41 % | - | - | - |
| P/E | - | - | - | 106.1x | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
American Resources's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
American Resources falls in the Dog quadrant: relative market share of 0.02x vs its largest competitor, in an industry growing revenue -9.8% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
American Resources's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Moderate | Industry HHI of 1,773 (see Industry Market Structure & Concentration above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on American Resources's dedicated Suppliers and Customers pages, not here.
American Resources's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
American Resources falls in the Low attractiveness / Low strength cell: Harvest / Divest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
American Resources's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Latest-quarter revenue run-rate is decelerating (-133.5% annualized vs trailing 12 months).
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.02x).
Opportunities
No rule matched.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-8.7% annualized).
Methodology: see Methodology: SWOT Analysis.
American Resources's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| American Resources Corporation | 0.12 | 0.61 | - |
| Cleveland cliffs Inc | 0.02 | 1.93 | 1.26 |
| Cnx Resources Corporation | 0.01 | 0.62 | 0.50 |
| Warrior Met Coal Inc | 1.24 | 3.65 | 0.07 |
| Alliance Resource Partners Lp | 0.30 | 1.78 | 0.27 |
| Arch Resources Inc | 0.73 | 2.40 | 0.09 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
American Resources's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| American Resources Corporation | Q4 2025 | - | - |
| Cleveland cliffs Inc | Q3 2026 | +18.5 % | - |
| Cnx Resources Corporation | Q3 2026 | -0.7 % | -18.2 % |
| Warrior Met Coal Inc | Q2 2026 | +71.3 % | +1,459.6 % |
| Alliance Resource Partners Lp | Q2 2026 | +0.7 % | +33.6 % |
| Arch Resources Inc | Q3 2024 | -20.4 % | - |
| PEERS TOTAL | +11.6 % | +329.3 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
American Resources's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| American Resources Corporation | Q4 2025 | - | - |
| Cleveland cliffs Inc | Q3 2026 | +7.7 % | -3.2 % |
| Cnx Resources Corporation | Q3 2026 | +96.8 % | +84.2 % |
| Warrior Met Coal Inc | Q2 2026 | +47.9 % | -69.3 % |
| Alliance Resource Partners Lp | Q2 2026 | - | -25.4 % |
| Arch Resources Inc | Q3 2024 | -6.4 % | -22.3 % |
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American Resources's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| American Resources Corporation | 25.27% | 37.46% | - |
| Cleveland cliffs Inc | - | - | - |
| Cnx Resources Corporation | 10.00% | 10.97% | 19.59% |
| Warrior Met Coal Inc | 7.84% | 8.22% | 10.02% |
| Alliance Resource Partners Lp | 9.45% | 5.99% | 15.04% |
| Arch Resources Inc | 7.40% | 8.66% | 12.29% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
American Resources's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| American Resources Corporation | - | 247.91 |
| Cleveland cliffs Inc | - | 0.33 |
| Cnx Resources Corporation | 5.96 | 1.99 |
| Warrior Met Coal Inc | 20.23 | 2.65 |
| Alliance Resource Partners Lp | 12.01 | 1.44 |
| Arch Resources Inc | 14.28 | 1.01 |
| PEERS AVERAGE | 28.94 | 0.75 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.