Alpha Metallurgical Resources, Inc. (AMR) intrinsic value & 10-year financials
Alpha Metallurgical Resources, Inc. (AMR) has a Graham intrinsic value of $185.54 per share. At $166.73 on Oct 17, 2026, the stock trades 10% below that value. Over the last 10 fiscal years revenue grew 3.3% a year to $2.1B, with an average return on invested capital of 34.4%.
- Graham intrinsic value
- $185.54
- Share price (Oct 17, 2026)
- $166.73
- Price vs Graham value
- 10% below
- Market cap
- $2.2B
- Revenue (FY2025)
- $2.1B
- Revenue growth (10-yr CAGR)
- 3.3%
- ROIC (10-yr avg)
- 34.4%
- Free cash flow (FY2025)
- $17.8M
AMR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.1B | -$61.7M | -$4.75 | $17.8M | -2.9% | -3.7% |
| FY2024 | $2.9B | $187.6M | $14.28 | $381.1M | 7.7% | 16.3% |
| FY2023 | $3.5B | $722.0M | $49.30 | $605.8M | 25.0% | 60.0% |
| FY2022 | $4.1B | $1.4B | $79.49 | $1.3B | 38.6% | 143.5% |
| FY2021 | $2.3B | $288.8M | $15.30 | $91.6M | 15.9% | 45.3% |
| FY2020 | $1.4B | -$446.9M | -$24.42 | $9.7M | -12.1% | -19.8% |
| FY2019 | $2.3B | -$316.3M | -$16.82 | -$60.5M | -6.9% | -10.7% |
| FY2018 | $2.0B | $299.2M | $25.54 | $76.5M | 9.6% | 22.2% |
| FY2017 | $1.6B | $154.5M | $14.35 | $241.6M | 11.1% | 56.4% |
| FY2016 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Alpha Metallurgical Resources, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Alpha Metallurgical Resources, Inc. has earned high returns on invested capital, averaging 34.4% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Alpha Metallurgical Resources, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Alpha Metallurgical Resources, Inc. is modeled at 3.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $185.54 per share.