Oil & Gas Exploration & Production
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BKV vs CNX
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Exploration & Production
BKV vs CNX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Exploration & Production | Oil & Gas Exploration & Production |
| Market Cap | $3.13B | $5.10B |
| Revenue (TTM) | $1.08B | $2.32B |
| Net Income (TTM) | $295M | $1.18B |
| Gross Margin | 64.1% | 28.7% |
| Operating Margin | 23.2% | 21.4% |
| Forward P/E | 15.1x | 12.4x |
| Total Debt | $487M | $2.45B |
| Cash & Equiv. | $199M | $779K |
BKV vs CNX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Sep 24 | May 26 | Return |
|---|---|---|---|
| BKV Corporation (BKV) | 100 | 158.4 | +58.4% |
| CNX Resources Corpo… (CNX) | 100 | 110.3 | +10.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: BKV vs CNX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
BKV is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 1 yrs, beta 0.81
- Lower volatility, beta 0.81, Low D/E 23.6%, current ratio 1.78x
- +58.5% vs CNX's +13.9%
CNX carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 59.2%, EPS growth 7.6%, 3Y rev CAGR -18.3%
- 160.3% 10Y total return vs BKV's 61.0%
- Beta 0.12, current ratio 0.44x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 59.2% revenue growth vs BKV's 48.2% | |
| Value | Lower P/E (12.4x vs 15.1x) | |
| Quality / Margins | 50.9% margin vs BKV's 27.3% | |
| Stability / Safety | Beta 0.12 vs BKV's 0.81 | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +58.5% vs CNX's +13.9% | |
| Efficiency (ROA) | 17.5% ROA vs BKV's 9.5%, ROIC 9.0% vs 5.9% |
BKV vs CNX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
BKV vs CNX — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
Evenly matched — BKV and CNX each lead in 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CNX is the larger business by revenue, generating $2.3B annually — 2.1x BKV's $1.1B. CNX is the more profitable business, keeping 50.9% of every revenue dollar as net income compared to BKV's 27.3%. On growth, BKV holds the edge at +91.7% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $1.1B | $2.3B |
| EBITDAEarnings before interest/tax | $423M | $1.1B |
| Net IncomeAfter-tax profit | $295M | $1.2B |
| Free Cash FlowCash after capex | $1M | $282M |
| Gross MarginGross profit ÷ Revenue | +64.1% | +28.7% |
| Operating MarginEBIT ÷ Revenue | +23.2% | +21.4% |
| Net MarginNet income ÷ Revenue | +27.3% | +50.9% |
| FCF MarginFCF ÷ Revenue | +0.1% | +12.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +91.7% | +28.8% |
| EPS Growth (YoY)Latest quarter vs prior year | +145.2% | +2.7% |
Valuation Metrics
CNX leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
At 9.0x trailing earnings, CNX trades at a 39% valuation discount to BKV's 14.9x P/E. On an enterprise value basis, CNX's 5.5x EV/EBITDA is more attractive than BKV's 10.7x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $3.1B | $5.1B |
| Enterprise ValueMkt cap + debt − cash | $3.4B | $7.6B |
| Trailing P/EPrice ÷ TTM EPS | 14.86x | 9.03x |
| Forward P/EPrice ÷ next-FY EPS est. | 15.11x | 12.39x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 10.73x | 5.55x |
| Price / SalesMarket cap ÷ Revenue | 3.49x | 2.38x |
| Price / BookPrice ÷ Book value/share | 1.30x | 1.33x |
| Price / FCFMarket cap ÷ FCF | — | 9.55x |
Profitability & Efficiency
Evenly matched — BKV and CNX each lead in 4 of 8 comparable metrics.
Profitability & Efficiency
CNX delivers a 27.5% return on equity — every $100 of shareholder capital generates $27 in annual profit, vs $15 for BKV. BKV carries lower financial leverage with a 0.24x debt-to-equity ratio, signaling a more conservative balance sheet compared to CNX's 0.57x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +15.2% | +27.5% |
| ROA (TTM)Return on assets | +9.5% | +17.5% |
| ROICReturn on invested capital | +5.9% | +9.0% |
| ROCEReturn on capital employed | +6.4% | +10.3% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 6 |
| Debt / EquityFinancial leverage | 0.24x | 0.57x |
| Net DebtTotal debt minus cash | $287M | $2.5B |
| Cash & Equiv.Liquid assets | $199M | $779,000 |
| Total DebtShort + long-term debt | $487M | $2.5B |
| Interest CoverageEBIT ÷ Interest expense | 16.65x | 7.11x |
Total Returns (Dividends Reinvested)
CNX leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CNX five years ago would be worth $26,127 today (with dividends reinvested), compared to $16,100 for BKV. Over the past 12 months, BKV leads with a +58.5% total return vs CNX's +13.9%. The 3-year compound annual growth rate (CAGR) favors CNX at 32.9% vs BKV's 17.2% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +5.6% | -1.5% |
| 1-Year ReturnPast 12 months | +58.5% | +13.9% |
| 3-Year ReturnCumulative with dividends | +61.0% | +134.7% |
| 5-Year ReturnCumulative with dividends | +61.0% | +161.3% |
| 10-Year ReturnCumulative with dividends | +61.0% | +160.3% |
| CAGR (3Y)Annualised 3-year return | +17.2% | +32.9% |
Risk & Volatility
Evenly matched — BKV and CNX each lead in 1 of 2 comparable metrics.
Risk & Volatility
CNX is the less volatile stock with a 0.12 beta — it tends to amplify market swings less than BKV's 0.81 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. BKV currently trades 88.3% from its 52-week high vs CNX's 82.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.81x | 0.12x |
| 52-Week HighHighest price in past year | $32.81 | $43.62 |
| 52-Week LowLowest price in past year | $17.82 | $27.72 |
| % of 52W HighCurrent price vs 52-week peak | +88.3% | +82.4% |
| RSI (14)Momentum oscillator 0–100 | 52.4 | 34.6 |
| Avg Volume (50D)Average daily shares traded | 1.0M | 2.0M |
Analyst Outlook
BKV leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates BKV as "Buy" and CNX as "Hold". Consensus price targets imply 18.2% upside for BKV (target: $34) vs 0.7% for CNX (target: $36).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $34.25 | $36.17 |
| # AnalystsCovering analysts | 7 | 41 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | 1 | 0 |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +10.3% |
CNX leads in 2 of 6 categories (Valuation Metrics, Total Returns). BKV leads in 1 (Analyst Outlook). 3 tied.
BKV vs CNX: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is BKV or CNX a better buy right now?
For growth investors, CNX Resources Corporation (CNX) is the stronger pick with 59.
2% revenue growth year-over-year, versus 48. 2% for BKV Corporation (BKV). CNX Resources Corporation (CNX) offers the better valuation at 9. 0x trailing P/E (12. 4x forward), making it the more compelling value choice. Analysts rate BKV Corporation (BKV) a "Buy" — based on 7 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — BKV or CNX?
On trailing P/E, CNX Resources Corporation (CNX) is the cheapest at 9.
0x versus BKV Corporation at 14. 9x. On forward P/E, CNX Resources Corporation is actually cheaper at 12. 4x.
03Which is the better long-term investment — BKV or CNX?
Over the past 5 years, CNX Resources Corporation (CNX) delivered a total return of +161.
3%, compared to +61. 0% for BKV Corporation (BKV). Over 10 years, the gap is even starker: CNX returned +160. 3% versus BKV's +61. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — BKV or CNX?
By beta (market sensitivity over 5 years), CNX Resources Corporation (CNX) is the lower-risk stock at 0.
12β versus BKV Corporation's 0. 81β — meaning BKV is approximately 571% more volatile than CNX relative to the S&P 500. On balance sheet safety, BKV Corporation (BKV) carries a lower debt/equity ratio of 24% versus 57% for CNX Resources Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — BKV or CNX?
By revenue growth (latest reported year), CNX Resources Corporation (CNX) is pulling ahead at 59.
2% versus 48. 2% for BKV Corporation (BKV). On earnings-per-share growth, the picture is similar: CNX Resources Corporation grew EPS 763. 3% year-over-year, compared to 196. 5% for BKV Corporation. Over a 3-year CAGR, CNX leads at -18. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — BKV or CNX?
CNX Resources Corporation (CNX) is the more profitable company, earning 29.
6% net margin versus 19. 3% for BKV Corporation — meaning it keeps 29. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CNX leads at 36. 8% versus 17. 8% for BKV. At the gross margin level — before operating expenses — CNX leads at 47. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is BKV or CNX more undervalued right now?
On forward earnings alone, CNX Resources Corporation (CNX) trades at 12.
4x forward P/E versus 15. 1x for BKV Corporation — 2. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for BKV: 18. 2% to $34. 25.
08Which pays a better dividend — BKV or CNX?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is BKV or CNX better for a retirement portfolio?
For long-horizon retirement investors, CNX Resources Corporation (CNX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
12), +160. 3% 10Y return). Both have compounded well over 10 years (CNX: +160. 3%, BKV: +61. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between BKV and CNX?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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