SunCoke Energy, Inc.
SXC · Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) · 84.9M shares · +3%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $2M (gross $7M, SBC $5M)
Reference price $5.53 · est. market cap ~$469M — last insider purchase, 2026-02-26 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D50Cokemaking and industrial-services operator with a small loss year, elevated leverage and heavy customer concentration.
Strengths
- Positive FCF ~$42M (58th pct) and current ratio 2.1 (55th pct); take-or-pay contracts and foundry-coke expansion
- OCF margin ~6% remains positive despite the reported net loss
Risks
- Net margin -2.4%, ROE -7.4% (36th pct) and operating margin negative; D/E 1.15 (81st pct)
- Substantial revenue concentration in a few steel customers and cyclical coke/coal exposure
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
-2.4%
Net margin
-2.4%
Return on equity
-7.4%
Return on assets
-2.5%
ROIC
-2.7%
Revenue growth (QoQ)
-5.2%
Net-income growth
-146.1%
Debt / equity
1.1×
Net debt / EBITDA
5.5×
Current ratio
2.1×
Free cash flow
$42M
EBITDA
$109M
Tangible book value
$498M
Cash & investments
$89M
Stock comp / revenue
0.1%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-14 | Anton Arthur F | Grant | 22K | — |
| 2026-02-26 | Mikhalevsky Andrei Alexander | Buy | 5.0K | $5.53 |
| 2026-02-25 | Hardesty Phillip Michael | Buy | 12K | $5.83 |
| 2026-02-25 | Marinko Mark W. | Buy | 400 | $5.83 |
| 2026-02-25 | Marinko Mark W. | Buy | 9.6K | $5.84 |
| 2026-02-25 | Hardesty Phillip Michael | Buy | 291 | $5.82 |
| 2026-02-24 | Hardesty Phillip Michael | Tax withheld | 3.7K | $6.22 |
| 2026-02-24 | Hardesty Phillip Michael | Other | 11K | — |
| 2026-02-24 | Gates Katherine T | Option exercise | 18K | — |
| 2026-02-24 | Gates Katherine T | Tax withheld | 7.9K | $5.88 |
| 2026-02-24 | Gates Katherine T | Option exercise | 38K | — |
| 2026-02-24 | Gates Katherine T | Tax withheld | 17K | $6.22 |
| 2026-02-24 | Gates Katherine T | Other | 11K | — |
| 2026-02-24 | Marinko Mark W. | Option exercise | 8.5K | — |
| 2026-02-24 | Marinko Mark W. | Option exercise | 7.6K | — |
| 2026-02-24 | Marinko Mark W. | Tax withheld | 3.8K | $5.88 |
| 2026-02-24 | Marinko Mark W. | Tax withheld | 3.4K | $6.22 |
| 2026-02-24 | Marinko Mark W. | Other | 4.6K | — |
| 2026-02-24 | Hardesty Phillip Michael | Option exercise | 8.7K | — |
| 2026-02-24 | Hardesty Phillip Michael | Tax withheld | 4.1K | $5.88 |
| 2026-02-24 | Hardesty Phillip Michael | Option exercise | 7.8K | — |
| 2026-02-23 | Gates Katherine T | Option exercise | 49K | — |
| 2026-02-23 | Quanci John F | Option exercise | 5.5K | $6.22 |
| 2026-02-23 | Quanci John F | Disposition | 5.5K | $6.22 |
| 2026-02-23 | Quanci John F | Option exercise | 5.0K | $6.22 |
| 2026-02-23 | Quanci John F | Disposition | 5.0K | $6.22 |
| 2026-02-23 | Quanci John F | Option exercise | 5.5K | $6.22 |
| 2026-02-23 | Quanci John F | Disposition | 5.5K | $6.22 |
| 2026-02-23 | Gates Katherine T | Tax withheld | 22K | $6.22 |
| 2026-02-23 | Marinko Mark W. | Option exercise | 8.5K | — |
| 2026-02-23 | Marinko Mark W. | Tax withheld | 4.2K | $6.22 |
| 2026-02-23 | Hardesty Phillip Michael | Option exercise | 8.7K | — |
| 2026-02-23 | Hardesty Phillip Michael | Tax withheld | 4.6K | $6.22 |
| 2025-11-07 | Hardesty Phillip Michael | Buy | 800 | $6.63 |
| 2025-11-07 | Hardesty Phillip Michael | Buy | 9.2K | $6.64 |
| 2025-11-07 | Hardesty Phillip Michael | Buy | 2.0K | $6.62 |
| 2025-11-06 | Della Ratta Ralph M Jr | Buy | 7.3K | $6.86 |
| 2025-05-15 | Anton Arthur F | Grant | 14K | — |
| 2025-03-07 | Marinko Mark W. | Option exercise | 8.8K | — |
| 2025-03-07 | Marinko Mark W. | Tax withheld | 3.9K | $9.05 |
| 2025-02-24 | Hardesty Phillip Michael | Option exercise | 8.7K | — |
| 2025-02-24 | Hardesty Phillip Michael | Tax withheld | 3.7K | $9.20 |
| 2025-02-24 | Hardesty Phillip Michael | Option exercise | 7.8K | — |
| 2025-02-24 | Hardesty Phillip Michael | Tax withheld | 3.3K | $9.20 |
| 2025-02-24 | Quanci John F | Option exercise | 6.5K | — |
| 2025-02-24 | Quanci John F | Disposition | 6.5K | $9.23 |
| 2025-02-24 | Gates Katherine T | Option exercise | 11K | — |
| 2025-02-24 | Gates Katherine T | Tax withheld | 4.7K | $9.23 |
| 2025-02-24 | Hardesty Phillip Michael | Option exercise | 10K | — |
| 2025-02-24 | Hardesty Phillip Michael | Tax withheld | 4.3K | $9.23 |
| 2025-02-24 | Marinko Mark W. | Tax withheld | 3.8K | $9.20 |
| 2025-02-24 | Marinko Mark W. | Option exercise | 7.6K | — |
| 2025-02-24 | Marinko Mark W. | Tax withheld | 3.4K | $9.20 |
| 2025-02-24 | Quanci John F | Option exercise | 5.5K | — |
| 2025-02-24 | Quanci John F | Disposition | 5.5K | $9.20 |
| 2025-02-24 | Quanci John F | Option exercise | 5.0K | — |
| 2025-02-24 | Quanci John F | Disposition | 5.0K | $9.20 |
| 2025-02-24 | Gates Katherine T | Option exercise | 18K | — |
| 2025-02-24 | Gates Katherine T | Tax withheld | 7.9K | $9.20 |
| 2025-02-24 | Gates Katherine T | Option exercise | 38K | — |
| 2025-02-24 | Gates Katherine T | Tax withheld | 17K | $9.20 |
| 2025-02-24 | Marinko Mark W. | Option exercise | 8.5K | — |
| 2025-02-21 | Hardesty Phillip Michael | Other | 18K | $9.51 |
| 2025-02-21 | Gates Katherine T | Other | 20K | $9.51 |
| 2025-02-21 | Marinko Mark W. | Other | 16K | $9.51 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-19 | Shareholder vote | filing ↗ |
| 2026-04-30 | ResultsReg FDOtherExhibits | filing ↗ |
| 2026-02-24 | Exec/director change | filing ↗ |
| 2026-02-17 | ResultsReg FDExhibits | filing ↗ |
| 2026-01-22 | Material agreementReg FDExhibits | filing ↗ |
| 2026-01-15 | Exec/director changeExhibits | filing ↗ |
| 2025-11-18 | Material agreementReg FDExhibits | filing ↗ |
| 2025-11-04 | ResultsReg FDOtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-19 | 2026-05-14 | 0001514705-26-000027 ↗ |
| 10-Q | 2026-04-30 | 2026-03-31 | 0001514705-26-000022 ↗ |
| 8-K | 2026-04-30 | 2026-04-30 | 0001514705-26-000019 ↗ |
| 8-K | 2026-02-24 | 2026-02-24 | 0001514705-26-000012 ↗ |
| 10-K | 2026-02-20 | 2025-12-31 | 0001514705-26-000010 ↗ |
| 8-K | 2026-02-17 | 2026-02-17 | 0001514705-26-000007 ↗ |
| 8-K | 2026-01-22 | 2026-01-22 | 0001514705-26-000005 ↗ |
| 8-K | 2026-01-15 | 2026-01-15 | 0001514705-26-000002 ↗ |
| 8-K | 2025-11-18 | 2025-11-12 | 0001514705-25-000038 ↗ |
| 8-K | 2025-11-04 | 2025-11-04 | 0001514705-25-000034 ↗ |
| 10-Q | 2025-11-04 | 2025-09-30 | 0001514705-25-000036 ↗ |
| 8-K/A | 2025-10-16 | 2025-08-01 | 0001514705-25-000027 ↗ |