# SunCoke Energy, Inc. (SXC)

> Source: Nexqual · https://nexqual.com/SXC · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, SunCoke Energy, Inc. (SXC), nexqual.com/SXC" · informational, not investment advice.

**Price:** USD 9.71 (-1.82% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 9.89 · day 9.68–9.9 · 52w 5.52–10.68 · market cap $824M · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.90B, net income -$54.7M (-2.9% margin), free cash flow $29.1M (SEC filings).
- Analysts: Hold (mean 2.50 on a 1–5 scale) (2 analysts), mean target USD 9.5 (range 9–10).
- Total return with dividends: 1Y +29.2% vs S&P 500 +14.9%; 5Y +78.9% vs S&P 500 +80.3%.
- Next earnings: 2026-10-27, EPS estimate USD 0.11, revenue estimate $458M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.46B | $1.97B | $2.06B | $1.94B | $1.84B | $1.90B |
| Operating income | $142M | $154M | $125M | $152M | -$44.4M | -$51.0M |
| Net income | $43.4M | $101M | $57.5M | $95.9M | -$44.2M | -$54.7M |
| EPS (diluted) | $0.52 | $1.19 | $0.68 | $1.12 | -$0.52 | — |
| Free cash flow | $135M | $133M | $140M | $95.9M | $42.3M | $29.1M |
| Operating margin | 9.7% | 7.8% | 6.1% | 7.8% | -2.4% | -2.7% |
| Net margin | 3.0% | 5.1% | 2.8% | 5.0% | -2.4% | -2.9% |
| Revenue growth | +9.2% | +35.5% | +4.6% | -6.2% | -5.1% | — |
| Cash + short-term investments | $63.8M | $90.0M | $140M | $190M | $88.7M | — |
| Total debt | $614M | $532M | $490M | $492M | $686M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 0.4x · EV/EBITDA 11.0x · EV/Sales 0.8x · P/FCF 28.3x · P/B 1.4x · FCF yield 3.53% · Earnings yield -6.64% · Dividend yield (paid, TTM) 5.00% · Net debt $611M · EV $1.44B
P/E at fiscal year-ends: Dec 2024 9.5x, Dec 2023 15.9x.

## Analysts
Consensus Hold (mean 2.50 on a 1–5 scale), 2 analysts; mean target USD 9.5 (low 9, high 10).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +29.2% | +78.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +29.3% | +12.3% |
| Volatility (annualized) | 45.5% | 40.4% |
| Max drawdown | -32.0% (Feb 2026→Feb 2026) | -51.7% (Nov 2024→Feb 2026) |

## Peers (Coking Coal)
METC (Ramaco Resources, Inc.) USD 7.23 -0.69% · AMR (Alpha Metallurgical Resources, ) USD 159.39 -0.30% · HCC (Warrior Met Coal, Inc.) USD 83 -1.44% · GFI (Gold Fields Limited) USD 35.14 -4.51% · NTR (Nutrien Ltd.) USD 69.09 +1.42% · STLD (Steel Dynamics, Inc.) USD 239.9 -3.25%

## More
Full page: https://nexqual.com/SXC · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Reportable Segment, Aggregation before Other Operating | $465.9M | 98.0% | +9.5% |
| — Domestic Coke (part of Reportable Segment, Aggregation before Other Operating) | $367.5M | 77.3% | -10.5% |
| — Industrial Services (part of Reportable Segment, Aggregation before Other Operating) | $98.4M | 20.7% | +551.7% |
| Corporate and Other | $9.4M | 2.0% | +9.3% |
| Total revenue | $475.3M | 100% | — |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Cokemaking | $357.5M | 75.2% | -10.0% |
| Industrial Services | $97.6M | 20.5% | +602.2% |
| Operating and licensing fees | $9.4M | 2.0% | +9.3% |
| Energy | $9.3M | 2.0% | -25.6% |
| Other | $1.5M | 0.3% | -21.1% |
| Total revenue | $475.3M | 100% | — |

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Domestic | $448.0M | 94.3% | +5.3% |
| International | $27.3M | 5.7% | +217.4% |
| Total revenue | $475.3M | 100% | — |

## Customer concentration

Period ended 2025-12-31: 61.6%, 14.2% of revenue from unnamed direct customers (10-K, filed 2026-02-20).

## Company outlook (8-K filed 2026-07-30)

- "(1) The production of foundry coke does not replace blast furnace coke on a ton for ton basis, resulting in a difference between guidance of ~3,400Kt coke sales (inclusive of foundry and blast) versus the stated Domestic Coke blast furnace equivalent capacity of ~3,690Kt RELATED COMMUNICATIONS We will host our quarterly earnings call at 11:00 am ET (10:00 a.m."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.11 | $0.09 | +22.2% | $458.3M | 1 |
| Next quarter (ends 2026-12-31) | $0.10 | $0.09 | +11.1% | $461.3M | 1 |
| Current fiscal year (ends 2026-12-31) | $0.32 | $0.20 | +60.0% | $1.85B | 1 |
| Next fiscal year (ends 2027-12-31) | $0.29 | $-0.19 | -252.6% | $1.84B | 1 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-12-18 (includes earnings 2026-10-27): ±16.0%; last 8 reports averaged ±10.2%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-12-18 | 56 | 49.3% | ±16.0% |
| 2027-03-19 | 147 | 45.2% | ±23.2% |
| 2027-06-17 | 237 | 52.4% | ±33.5% |