ARLP vs BTU: Alliance Resource Partners LP and Peabody Energy compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Alliance Resource Partners LP is the larger company, worth $3.2B, close to Peabody Energy's $3.0B.
- Peabody Energy grew revenue faster over the last year (+12.7% vs +0.8%).
- Alliance Resource Partners LP keeps more of each dollar of revenue as operating profit (14.7% vs -5.6%).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | ARLP | BTU |
|---|---|---|
| Market cap | $3.2B | $3.0B |
| Share price | $24.62 | $25.13 |
| Revenue (last fiscal year) | $2.2B | $3.9B |
| Free cash flow (last fiscal year) | $388M | -$78M |
| Revenue growth, last year | +0.8% | +12.7% |
| Revenue growth per year, last 5 fiscal years | +8.6% | +3.9% |
| Operating margin | 14.7% | -5.6% |
| Net margin | 12.2% | -4.5% |
| Return on equity | — | -5.6% |
| P/E (trailing) | 13.1x | — |
| Price / free cash flow | 8.27x | 5.73x |
| EV / EBITDA | 5.62x | 11.9x |
| FCF growth the price implies | -6.8% | — |
| Dividend yield | 9.6% | 1.2% |
| Debt / equity | — | 0.66x |
| Fundamental grade | B | D |
| Superinvestors holding it | 4 | 3 |
| Insider purchases, last 12 months | 6 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Alliance Resource Partners LP
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $1.6B | $309M | 14.2% |
| 2022 | $2.4B | $516M | 27.6% |
| 2023 | $2.6B | $445M | 26.2% |
| 2024 | $2.4B | $374M | 16.1% |
| 2025 | $2.2B | $388M | 17.6% |
Peabody Energy
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $3.3B | $237M | 13.0% |
| 2022 | $5.0B | $952M | 27.7% |
| 2023 | $4.9B | $687M | 21.7% |
| 2024 | $4.2B | $205M | 10.5% |
| 2025 | $3.9B | -$78M | -2.1% |
Where the revenue comes from
Alliance Resource Partners LP · by segments, 2024
Illinois Basin Coal$1.5B61%
Appalachia Segment$743M30%
Oil & Gas Royalties$139M6%
Coal Royalties$70M3%
Peabody Energy · by segments, 2025
Powder River Basin$1.2B30%
Seaborne Metallurgical$1.0B27%
Seaborne Thermal$908M24%
Other U.S. Thermal$707M18%
Corporate and Other (1)$56M1%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open ARLP in InvestinglyQuestions
Which is bigger, Alliance Resource Partners LP or Peabody Energy?
Alliance Resource Partners LP (ARLP), at $3.2B against $3.0B.
Which grows faster, ARLP or BTU?
Peabody Energy: revenue grew +12.7% over the last year, against +0.8%.
More comparisons
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.