Forensic Analysis · Energy / Oil & Gas · as of Jun 27, 2026
Alpha Metallurgical Resources, Inc. (AMR)
A forensic read on Alpha Metallurgical Resources, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
B · Sound & dependable
Forensic grade
Safe
Financial health
7.1
Altman Z-score
Clean
Earnings quality
5
Forensic signals
-2.5%
ROE
$2.1B
Market cap
0.73%
Dividend yield
Alpha Metallurgical Resources, Inc. earns a B (Sound & dependable) forensic quality grade, and its Altman Z-score is 7.1, placing it in the Safe zone. 5 forensic signals were flagged in its latest SEC filings, led by inventory days.
What the filings flag
33dInventory days.Days inventory outstanding moved from 21 to 33 FY2024→FY2025 (against revenue (COGS not disclosed); inventory +14% vs -28% in revenue). Inventory is outrunning what's being sold — a flag for softening demand or obsolescence risk ahead.
-3%Return on invested capital.Return on invested capital is -3% and slipping from 91% — well below its ~8% cost of capital, so reinvested dollars may be destroying value, not building it.
1% of revStock-based comp load.Stock-based compensation ran 1% of revenue and 77% of free cash flow in FY2025 — about $1.05 per diluted share. Heavy — a large slice of 'free cash flow' is really being paid out in stock, so the true owner cash per share is well below the headline.
$124MGoodwill impairments.Took $124M of goodwill writedowns across 1 year(s) (FY2019 ($124M)) — about 7% of net income over the span. Writedowns mean past acquisitions underperformed what was paid for them — worth weighing on capital-allocation skill.
-89%Dividend — cut.The payout was CUT ~89% in FY2024 (from FY2023). It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies — weigh the cut when judging reliability.
Key fundamentals
Net Margin-2.9%
Debt / Equity0.01x
Free Cash Flow$17.8M
Latest Revenue$2.13B
Return on Equity-4.0%
Revenue Growth YoY-28.0%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on Alpha Metallurgical Resources, Inc.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about AMR's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown