PEABODY ENERGY CORP

BTU

Peabody Energy Corporation engages in the production of metallurgical and thermal coal. It operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, and Other U.S. Thermal segments.

Country: United StatesPrice: $25.48Market Cap: $3.1B

Company Profile

Industry: Coal
SIC Sector: Coal Mining
Size: Mid Cap($3.1B)
Revenue: $3.9B-8.9% YoY
Net Income: $42.5M-110.5% YoY

Financial Snapshot

Operating Margin-2.1%
Return on Equity-1.2%
Debt / Equity--
Current Ratio1.85
EPS (Diluted)$-0.43−46.0%
Buybacks (1y)$0
Buybacks (2y)$183.1M
Shares Retired14.2% / 5.4% 2y

Similar Companies

HCCWARRIOR MET COAL, INC.
$5.2B
CNRCore Natural Resources, Inc.
$4.8B
ARLPALLIANCE RESOURCE PARTNERS LP
$3.3B
AMRAlpha Metallurgical Resources, Inc.
$2.1B

Shareholder Return

Fiscal 2025

Retired 14.2% of shares last year, 5.4% over two.

Buybacks
$0
Dividends
$36.5M

The share count fell without reported repurchases, so this is not a buyback — the two figures are independent and are not reconciled.

What drove EPS

A buyback raises earnings per share without the company earning more. This splits each year's change into the two.

FY22
158.1% = 255.2% + −27.3%
FY23
−39.8% = −38.2% + −2.7%
FY24
−46.0% = −50.5% + 9.2%
Earnings Fewer shares More shares

The two parts do not sum exactly to the total — the difference is the cross-term, plus preferred capital where the company has any. It is left visible rather than distributed into the other two.

Share count is the denominator the filer used for diluted EPS, recovered as net income ÷ EPS — not the balance-sheet count, which is a point-in-time figure and would put the timing difference into this split. Years with a loss are omitted: a smaller share count makes a loss per share larger, so the decomposition inverts.

Company Financials

Annual data (10-K) · Last 5 years

MetricFY 2025FY 2024FY 2023FY 2022FY 2021
Market Cap$3.1B$2.5Best.$3.3Best.$3.9Best.$1.4Best.
Revenue$3.9B↓9%$4.2B↓14%$4.9B↓1%$5.0B↑50%$3.3B
Operating Income-$80.1M↓118%$445.3M↓59%$1.1B↓22%$1.4B↑220%$432.2M
Net Income-$42.5M↓111%$403.5M↓51%$815.6M↓38%$1.3B↑255%$371.4M
EPS (Diluted)$-0.43↓116%$2.70↓46%$5.00↓40%$8.31↑158%$3.22
Gross Margin—————
Operating Margin-2.1%↓120%10.5%↓52%21.7%↓22%27.7%↑113%13.0%
ROE-1.2%↓111%11.1%↓52%23.0%↓44%40.8%↑94%21.1%
Total Debt----------
Shareholders' Equity$3.5B↓3%$3.7B↑3%$3.5B↑10%$3.2B↑83%$1.8B
Current Ratio1.85↓14%2.15↑4%2.06↓20%2.58↑34%1.93
Debt / Equity—————
Operating Cash Flow$333.7M↓45%$606.5M↓41%$1.0B↓12%$1.2B↑179%$420.0M
Free Cash Flow-$77.7M↓138%$205.2M↓70%$687.2M↓28%$952.1M↑302%$236.9M
Scored from 10-K1d ago
MetricMarks

Risk-Aware Value

Akre

Three-Legged Stool

Druckenmiller

Macro-Enhanced Growth

Spier

Value Checklist

Pabrai

Dhandho Framework

Munger

Quality Focus

Ackman

Activist Value

Piotroski

F-Score

Greenblatt

Magic Formula

Lynch

GARP

Buffett

Quality Compounder

Graham

Defensive Value

VerdictHOLDFAILHOLDBUYBUYPASSFAILPASSNot rankedFAILPASSFAIL
Score
Analysis
Intrinsic ValueN/AN/AN/AN/AN/A
Margin of SafetyN/A+57.4%-0.1%+50.4%-343.1%+57.9%N/A+12.2%+18.1%N/AN/AN/A
Data As Of10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)10-K (2026-08-15)

Where They Agree

    Where They Disagree

    • Profitability

      1 of 11 pass — Marks, Akre, Druckenmiller +7 more object

      Margin of SafetyP/B=1.1x
      ✗SpierP/E < 15 AND P/B < 2.0✓PabraiP/B < 1.5 or P/E < 15
      Discount to Intrinsic Value
      ✗Marks>= 20% below intrinsic value
      Positive Net Income Frequency17/25 years positive
      ✓MarksPositive net income in >= 7 of last 10 years
      Return on Equity10.9% (3-yr avg)
      ✗AkreROE > 20% (3-year avg)
      Show 19 more metrics ▾
      EPS Growth Acceleration
      ✗DruckenmillerAccelerating EPS growth
      Operating Income / Revenue-2.1%
      ✗Ackman>= 15%
      Net Income / Shareholders Equity-1.2%
      ✗Ackman>= 15%
      Net Income / Total Assets-0.73%
      ✗PiotroskiROA > 0
      ROA Change YoY6.78% -> -0.73% (delta: -7.51%)
      ✗PiotroskiCurrent ROA > Prior ROA
      (CFO / Total Assets) vs ROACFO/Assets=5.75%, ROA=-0.73%
      ✓PiotroskiCFO/Assets > ROA
      Gross Margin Change YoY
      ✗PiotroskiImproved YoY
      EBIT / Enterprise Value-2.5%
      ✗Greenblatt> 10%
      Earnings Yield + ROC AssessmentEY=-2.5%, ROC=-2.4%
      ✗GreenblattBoth EY > 10% and ROC > 25%
      3-5 Year EPS CAGR
      ✗Lynch15-30% (Fast Grower); > 0% to pass
      ROE-1.2%
      ✗Lynch> 15%
      Net Income Positive (10+ years)17/26 years positive
      ✗BuffettPositive every year for 10+ years
      ROE (5-yr avg)18.9%
      ✓Buffett> 15% (5-yr avg)
      Operating Margin (10-yr trend)-2.1% (latest)
      ✗BuffettStable or rising over 10 years
      Free Cash Flow Proxy$-69.4M
      ✗BuffettPositive and growing
      Earnings Variance (10-yr CoV)
      ✗BuffettCoV < 0.3
      Retained Earnings Effectiveness1.26x
      ✓Buffett$1 retained -> > $1 market value created
      Positive EPS (10 years)14/26 years positive
      ✗GrahamPositive EPS every year for 10 years
      EPS Growth (3-yr avg, 10-yr window)
      ✗Graham>= 33% growth
    • Debt & Leverage

      1 of 8 pass — Marks, Akre, Munger +4 more object

      Interest Coverage & Debt/EBITDAIC=-1.8x, D/EBITDA=N/A
      ✗MarksInterest Coverage > 3x; Debt/EBITDA < 4x
      Debt Levels
      ✗AkreDebt/Equity < 0.3✗MungerDebt/Equity < 0.5
      Total Debt / Shareholders Equity
      ✗Ackman<= 1.0
      LT Debt / Total Assets Change0.00% -> 0.00%
      ✓PiotroskiDecreased YoY
      Show 4 more metrics ▾
      Total Debt / Equity
      ✗Lynch< 0.33
      Cash - Long-term Debt
      ✗LynchPositive preferred
      Debt/Equity & Interest Coverage
      ✗BuffettD/E < 0.5 AND Interest Coverage > 5x
      LT Debt vs Net Current Assets
      ✗GrahamLT Debt <= Net Current Assets
    • Valuation

      1 of 9 pass — Marks, Spier, Pabrai +5 more object

      P/B or P/E vs. Historical AverageP/B=1.1x
      ✓MarksP/E < 15 or P/B < 2.0
      Discount to Intrinsic Value
      ✗Marks>= 20% below intrinsic value
      Price vs. 200-day MAQualitative
      ✓DruckenmillerPrice above 200-day moving average
      Margin of SafetyP/B=1.1x
      ✗SpierP/E < 15 AND P/B < 2.0
      Show 9 more metrics ▾
      P/E or FCF YieldFCF Yield=-2.0%
      ✗PabraiP/E < 15 or FCF Yield > 10%
      Valuation ReasonablenessOE Yield=-1.8%
      ✗MungerP/E < 25 or Owner Earnings Yield > 5%
      Price / FCF per ShareN/A (negative FCF)
      ✗Ackman<= 25
      EBIT / Enterprise Value-2.5%
      ✗Greenblatt> 10%
      Earnings Yield + ROC AssessmentEY=-2.5%, ROC=-2.4%
      ✗GreenblattBoth EY > 10% and ROC > 25%
      P/E / EPS Growth Rate
      ✗Lynch< 1.0 (ideally < 0.5)
      Price / 3-yr avg EPS
      ✗Graham<= 15x
      Price-to-Book Ratio1.1x
      ✓Graham<= 1.5x
      P/E x P/B
      ✗Graham<= 22.5
    • Cash Flow

      2 of 6 pass — Pabrai, Ackman, Lynch +1 more object

      FCF Positive18/24 years FCF positive
      ✓MarksPositive FCF in majority of recent years
      P/E or FCF YieldFCF Yield=-2.0%
      ✗PabraiP/E < 15 or FCF Yield > 10%
      (OCF - CapEx) / Market Cap-2.0%
      ✗Ackman>= 4%
      Price / FCF per ShareN/A (negative FCF)
      ✗Ackman<= 25
      Show 4 more metrics ▾
      Operating Cash Flow$333.7M
      ✓PiotroskiCFO > 0
      (CFO / Total Assets) vs ROACFO/Assets=5.75%, ROA=-0.73%
      ✓PiotroskiCFO/Assets > ROA
      FCF Positive and Growing$-77.7M
      ✗LynchPositive and growing
      Free Cash Flow Proxy$-69.4M
      ✗BuffettPositive and growing
    • Growth

      1 of 5 pass — Druckenmiller, Ackman, Lynch +1 more object

      Positive Net Income Frequency17/25 years positive
      ✓MarksPositive net income in >= 7 of last 10 years
      EPS Growth Acceleration
      ✗DruckenmillerAccelerating EPS growth
      Revenue Growth RateLatest: -8.9%, Prior: -14.4%
      ✓DruckenmillerRevenue growth accelerating
      3yr Median Revenue Growth-8.9%
      ✗Ackman>= 5%
      Show 5 more metrics ▾
      Positive EPS Growth Frequency
      ✗AckmanPositive EPS growth in >= 3 of last 5 years
      P/E / EPS Growth Rate
      ✗Lynch< 1.0 (ideally < 0.5)
      3-5 Year EPS CAGR
      ✗Lynch15-30% (Fast Grower); > 0% to pass
      Inventory Growth vs Revenue GrowthInv: -2.6% vs Rev: -8.9%
      ✗LynchInventory growth < Revenue growth
      EPS Growth (3-yr avg, 10-yr window)
      ✗Graham>= 33% growth
    • Efficiency

      1 of 6 pass — Akre, Munger, Piotroski +2 more object

      ROIC (high and growing)3/9 years ROIC > 15% (latest: 22.7%)
      ✓AkreROIC > 15% for 3+ years
      Reinvestment Rate x ROIC
      ✗AkreReinvestment Rate * ROIC > 10%
      Return on Invested Capital
      ✗Munger> 15%
      Current Ratio Change YoY2.15 -> 1.85
      ✗PiotroskiIncreased YoY
      Show 5 more metrics ▾
      Revenue / Total Assets Change YoY0.71x -> 0.66x
      ✗PiotroskiImproved YoY
      EBIT / (NWC + Net Fixed Assets)-2.4%
      ✗Greenblatt> 25%
      ROIC (3-5 yr avg)18.2%
      ✓Buffett> 10%
      ROIC - WACC+8.2%
      ✓BuffettPositive (WACC = 10%)
      Current Ratio1.85
      ✗Graham>= 2.0
    • Verdicts

      Split decision: 4 FAIL · 3 PASS · 2 HOLD · 2 BUY

      Overall verdict
      •MarksHOLD (6/8)✗AkreFAIL (2/7)•DruckenmillerHOLD (5/7)✓SpierBUY (7/8)✓PabraiBUY (7/8)✓MungerPASS (4/7)✗AckmanFAIL (2/9)✓PiotroskiPASS (F-Score 4)•GreenblattNot ranked✗LynchFAIL (0/7)✓BuffettPASS (4/9)✗GrahamFAIL (3/9)
    • Valuation models

      Models split on BTU at $25.48 — fair values range $5.75–$60.47

      Akre fair value$59.88
      ✓Akre+57.4% margin vs $25.48
      Druckenmiller fair value$25.46
      ✗Druckenmiller-0.1% margin vs $25.48
      Spier fair value$51.34
      ✓Spier+50.4% margin vs $25.48
      Pabrai fair value$5.75
      ✗Pabrai-343.1% margin vs $25.48
      Show 3 more metrics ▾
      Munger fair value$60.47
      ✓Munger+57.9% margin vs $25.48
      Piotroski fair value$29.03
      ✓Piotroski+12.2% margin vs $25.48
      Greenblatt fair value$31.13
      ✓Greenblatt+18.1% margin vs $25.48

    Historical Score Timeline

    Industry Peers

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    BTU vs Peers — Financial Grading

    Revenue$3.9BTop 25%
    Net Income$42.5MMedian
    ROE-1.2%Median
    D/E—
    Op. Margin-2.1%Median
    Curr. Ratio1.85Median
    CompanyMarket CapPriceRevenueNet IncomeROED/EOp. MarginCurr. RatioGrahamBuffettLynchGreenblattPiotroski
    WARRIOR MET COAL, INC.HCC$5.2B$98.20$1.3B$57.0M2.7%0.073.5%3.193/95/93/70/3F-Score 4
    Core Natural Resources, Inc.CNR$4.8B$95.94$4.2B$153.2M-4.2%0.13-4.4%1.603/94/92/70/3F-Score 3
    ALLIANCE RESOURCE PARTNERS LPARLP$3.3B$25.42$2.2B$311.2M16.9%0.2417.6%2.104/97/95/71/3F-Score 4
    Alpha Metallurgical Resources, Inc.AMR$2.1B$166.05$2.1B$61.7M-4.0%0.00-2.9%4.476/94/92/70/3F-Score 4
    NATURAL RESOURCE PARTNERS LPNRP$1.4B$104.56$207.3M$136.4M21.6%0.0769.6%1.853/95/96/70/3F-Score 5
    Ramaco Resources, Inc.METCZ$1.1B$25.35$536.6M$51.4M-10.6%0.97-10.4%5.463/94/91/70/3F-Score 3
    NACCO INDUSTRIES INCNC$321.8M$42.64$277.2M$17.6M4.1%0.237.9%3.095/92/94/70/3F-Score 6
    Coronado Global Resources Inc.CODQL$310.2M$0.18$1.9B$432.1M-66.5%1.06-17.0%1.552/92/90/70/3F-Score 2