ARLP Nasdaq Bituminous Coal & Lignite Surface Mining Financials FY2016βFY2025
Alliance Resource Partners Lp had $2.2B of revenue in fiscal 2025, down 10.4% on the year before. Over five years, revenue changed +10.6% a year on average.
Last close Β· Oct 23, 2026
$26.14
1.1%Hi! I read Alliance Resource Partners Lpβs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
β10.4%
No. Sales fell 10.4% last year.
Does it make a profit?
14.2%
Yes. It keeps 14.2% of every sale as profit.
Does profit turn into cash?
17.7%
Yes. 17.7% of sales ends up as free cash.
Is debt under control?
0.6x
Yes. It could repay its debt with 0.6 years of operating profit.
How healthy are the accounts?
4 / 8
Mixed. It passes 4 of 8 health tests.
How is the share priced?
12.8x
One share costs 12.8 times its yearly profit per share.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Alliance Resource Partners Lp had $2.2B of revenue in fiscal 2025, down 10.4% on the year before. Over five years, revenue changed +10.6% a year on average. Its operating margin was 17.6%, up 1.5Β pts: of every 100 in sales, about 18 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Alliance Resource Partners Lp made $311M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew β3.8% a year.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was $388M in fiscal 2025, 17.7% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $0.1M of shares on the open market and sold none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.1M
1 insider
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
Can it carry its debts, and how well does it use its money?
KIRA Β· Alliance Resource Partners Lp owes $380M more than it holds in cash, about 0.6 years of operating profit.
Cash, debt and the ratios that show how comfortably Alliance Resource Partners Lp can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $122M | $296M | $59.8M | $137M | $71.2M |
| Debt incl. finance leases | $436M | $422M | $338M | $474M | $451M |
| Net debt / EBITDA | 0.6x | 0.1x | 0.3x | 0.5x | 0.6x |
| Interest coverage | 5.7x | 17.9x | 18.6x | 11.2x | 9.7x |
| Current ratio | 1.9x | 2.6x | 2.3x | 2.2x | 2.1x |
| Quick ratio | 1.6x | 2.3x | 1.7x | 1.7x | 1.4x |
| Total assets | $2.2B | $2.7B | $2.8B | $2.9B | $2.9B |
| Total liabilities | $933M | $1.0B | $930M | $1.1B | $994M |
| Net debt (β = net cash) | $314M | $126M | $278M | $337M | $380M |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Alliance Resource Partners Lp passes 4 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 5 / 8 | 6 / 8 | 6 / 8 | 4 / 8 | 7 / 8 | 8 / 8 | 7 / 8 | 3 / 8 | 4 / 8 |
| Accruals ratio | β16.6% | β11.4% | β14.2% | β4.6% | β22.3% | β11.4% | β8.7% | β7.0% | β15.5% | β11.8% |
| Altman Z'' | β | β | β | β | β | β | β | β | β | β |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $1.9B | $1.8B | $2.0B | $2.0B | $1.3B | $1.6B | $2.4B | $2.6B | $2.4B | $2.2B |
| Net interest income | β$30.7M | β$39.3M | β$40.1M | β$45.5M | $45.5M | $39.1M | $35.3M | $26.7M | β | β |
| Operating income | $368M | $332M | $372M | $259M | β$82.9M | $224M | $667M | $672M | $394M | $385M |
| Interest expense | $30.7M | $39.4M | $40.2M | $45.9M | $45.6M | $39.2M | $37.3M | $36.1M | $35.2M | $39.7M |
| Pretax income | $340M | $304M | $367M | $407M | β$129M | $184M | $642M | $644M | $381M | $336M |
| Income tax | $0.0M | $0.2M | $0.0M | β$0.2M | $0.0M | $0.4M | $54.0M | $8.3M | $15.9M | $18.8M |
| Net income | $339M | $304M | $367M | $399M | β$129M | $183M | $586M | $630M | $361M | $311M |
| Diluted EPS | $3.39 | $2.80 | $2.74 | β | β$1.02 | $1.36 | $4.39 | $4.81 | $2.77 | $2.40 |
| Diluted shares | 0.07B | 0.10B | 0.13B | 0.13B | 0.13B | 0.13B | 0.13B | 0.13B | 0.13B | 0.13B |
| Cash flow | ||||||||||
| Cash from operations | $704M | $556M | $694M | $515M | $401M | $432M | $802M | $824M | $803M | $651M |
| Capital expenditure | $91.1M | $145M | $233M | $306M | $121M | $123M | $286M | $379M | $429M | $263M |
| Free cash flow | $612M | $411M | $461M | $209M | $280M | $309M | $516M | $445M | $374M | $388M |
| Depreciation and amortization | $337M | $269M | $280M | $309M | $313M | $265M | $277M | $268M | $285M | $299M |
| Stock-based compensation | $13.9M | $12.3M | $12.1M | $11.9M | $3.3M | $5.7M | $11.0M | $12.9M | $10.6M | $8.9M |
| Acquisitions | $1.0M | β | β | $320M | β | β | $92.6M | $14.5M | $0.0M | $10.0M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $39.8M | $6.8M | $244M | $36.5M | $55.6M | $122M | $296M | $59.8M | $137M | $71.2M |
| Total debt | $550M | $488M | $656M | $781M | $593M | $435M | $422M | $337M | $473M | $451M |
| Finance lease liabilities | β | β | β | $10.6M | $2.2M | $1.5M | β | $0.5M | $0.4M | $0.3M |
| Current assets | $277M | $282M | $501M | $320M | $246M | $339M | $658M | $516M | $513M | $430M |
| Current liabilities | $327M | $290M | $331M | $196M | $215M | $178M | $256M | $227M | $233M | $204M |
| Inventory | $61.1M | $60.3M | $59.2M | $101M | $56.4M | $60.3M | $77.3M | $128M | $121M | $143M |
| Property and equipment, net | $1.6B | $1.5B | $1.4B | $2.0B | β | β | β | β | β | β |
| Goodwill | $136M | $136M | $136M | $136M | $4.4M | $4.4M | β | β | β | β |
| Intangible assets | $26.6M | $16.1M | $9.3M | $9.7M | $6.0M | $2.2M | $1.0M | β | β | β |
| Total assets | $2.2B | $2.2B | $2.4B | $2.6B | $2.2B | $2.2B | $2.7B | $2.8B | $2.9B | $2.9B |
| Total liabilities | $1.1B | $1.1B | $1.2B | $1.3B | $1.1B | $933M | $1.0B | $930M | $1.1B | $994M |
| Margins | ||||||||||
| Operating margin | 19.1% | 18.5% | 18.6% | 13.2% | β6.2% | 14.2% | 27.6% | 26.2% | 16.1% | 17.6% |
| EBITDA margin | 36.5% | 33.5% | 32.6% | 29.0% | 17.4% | 30.9% | 39.0% | 36.6% | 27.8% | 31.2% |
| Net margin | 17.6% | 16.9% | 18.3% | 20.4% | β9.7% | 11.6% | 24.2% | 24.5% | 14.7% | 14.2% |
| FCF margin | 31.7% | 22.9% | 23.0% | 10.7% | 21.0% | 19.6% | 21.3% | 17.3% | 15.3% | 17.7% |
| Net interest share of revenue | β1.6% | β2.2% | β2.0% | β2.3% | 3.4% | 2.5% | 1.5% | 1.0% | β | β |
| Returns | ||||||||||
| Return on capital employed | 19.7% | 17.2% | 18.0% | 10.9% | β4.2% | 10.9% | 27.0% | 26.3% | 14.7% | 14.5% |
| Return on assets | 15.5% | 13.8% | 15.9% | 16.0% | β5.4% | 8.3% | 23.7% | 22.8% | 12.7% | 10.8% |
| Growth | ||||||||||
| Revenue growth | β | β7.0% | 11.5% | β2.1% | β32.3% | 18.9% | 53.2% | 6.1% | β4.6% | β10.4% |
| Net income growth | β | β10.5% | 20.7% | 8.9% | β132.4% | β | 220.7% | 7.5% | β42.7% | β13.8% |
| EPS growth | β | β17.4% | β2.1% | β | β | β | 222.8% | 9.6% | β42.4% | β13.4% |
| FCF growth | β | β32.9% | 12.1% | β54.6% | 33.7% | 10.6% | 66.9% | β13.8% | β15.8% | 3.6% |
| Share count change | β | 32.8% | 32.5% | β2.0% | β0.7% | 0.0% | 0.0% | β0.0% | 0.6% | 0.3% |
| Financial health | ||||||||||
| Net debt / EBITDA | 0.7x | 0.8x | 0.6x | 1.3x | 2.3x | 0.6x | 0.1x | 0.3x | 0.5x | 0.6x |
| Interest coverage | 12.0x | 8.4x | 9.3x | 5.7x | β1.8x | 5.7x | 17.9x | 18.6x | 11.2x | 9.7x |
| Current ratio | 0.8x | 1.0x | 1.5x | 1.6x | 1.1x | 1.9x | 2.6x | 2.3x | 2.2x | 2.1x |
| Quick ratio | 0.7x | 0.8x | 1.3x | 1.1x | 0.9x | 1.6x | 2.3x | 1.7x | 1.7x | 1.4x |
| Capital allocation | ||||||||||
| Capex / revenue | 4.7% | 8.1% | 11.7% | 15.6% | 9.1% | 7.8% | 11.8% | 14.8% | 17.5% | 12.0% |
| Stock comp / revenue | 0.7% | 0.7% | 0.6% | 0.6% | 0.3% | 0.4% | 0.5% | 0.5% | 0.4% | 0.4% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 5.0 | 6.0 | 6.0 | 4.0 | 7.0 | 8.0 | 7.0 | 3.0 | 4.0 |
| Accruals ratio | β16.6% | β11.4% | β14.2% | β4.6% | β22.3% | β11.4% | β8.7% | β7.0% | β15.5% | β11.8% |
Source: SEC EDGAR XBRL filings (CIK 0001086600). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
