CNR
Core Natural Resources, Inc.
Coal
Market Cap$4.49B
5Y Perf.+1200.4%
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Stock Comparison
CNR vs ARLP
Revenue, margins, valuation, and 5-year total return — side by side.
ARLP
Alliance Resource Partners, L.P.
Coal
Market Cap$3.29B
5Y Perf.+706.0%
CNR vs ARLP — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | CNR | ARLP |
|---|---|---|
| Industry | Coal | Coal |
| Market Cap | $4.49B | $3.29B |
| Revenue (TTM) | $4.16B | $2.17B |
| Net Income (TTM) | $-153M | $246M |
| Gross Margin | -0.0% | 23.9% |
| Operating Margin | -5.1% | 14.4% |
| Forward P/E | 24.3x | 11.2x |
| Total Debt | $354M | $480M |
| Cash & Equiv. | $432M | $71M |
CNR vs ARLP — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
CNR
ARLP
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Core Natural Resour… (CNR) | 100 | 1300.4 | +1200.4% |
| Alliance Resource P… (ARLP) | 100 | 806.0 | +706.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CNR vs ARLP
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: ARLP leads in 5 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Core Natural Resources, Inc. is the stronger pick specifically for growth and revenue expansion and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
CNR
Core Natural Resources, Inc.
The Growth Play
CNR is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 93.8%, EPS growth -130.9%, 3Y rev CAGR 22.2%
- 321.6% 10Y total return vs ARLP's 195.5%
- 93.8% revenue growth vs ARLP's -10.4%
Best for: growth exposure and long-term compounding
ARLP
Alliance Resource Partners, L.P.
The Income Pick
ARLP carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 0 yrs, beta 0.07, yield 10.3%
- Lower volatility, beta 0.07, Low D/E 25.8%, current ratio 2.10x
- Beta 0.07, yield 10.3%, current ratio 2.10x
Best for: income & stability and sleep-well-at-night
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | CNR | 93.8% revenue growth vs ARLP's -10.4% |
| Value | ARLP | Lower P/E (11.2x vs 24.3x) |
| Quality / Margins | ARLP | 11.3% margin vs CNR's -3.7% |
| Stability / Safety | ARLP | Beta 0.07 vs CNR's 0.20 |
| Dividends | ARLP | 10.3% yield, vs CNR's 0.6% |
| Momentum (1Y) | CNR | +18.2% vs ARLP's +3.9% |
| Efficiency (ROA) | ARLP | 8.6% ROA vs CNR's -2.5%, ROIC 12.9% vs -6.5% |
CNR vs ARLP — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2021
FY 2025
CNR vs ARLP — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLARLPLAGGINGCNR
CNRCore Natural Resource…
0leads
ARLPAlliance Resource Par…
4leads
6 Total Categories
CATEGORYLEADERvs CNRMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
ARLP5/6
Valuation MetricsMultiples, price ratios, and targets
Tied
—
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
ARLP5/8
Total Returns1Y, 3Y, 5Y total returns with dividends
Tied
—
Risk & VolatilityBeta, volatility, and downside exposure
ARLP2/2
Analyst OutlookRatings, price targets, and dividends
ARLP1/1
Income & Cash Flow (Last 12 Months)
ARLP leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CNR is the larger business by revenue, generating $4.2B annually — 1.9x ARLP's $2.2B. ARLP is the more profitable business, keeping 11.3% of every revenue dollar as net income compared to CNR's -3.7%. On growth, CNR holds the edge at +83.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | CNRCore Natural Reso… | ARLPAlliance Resource… |
|---|---|---|
| RevenueTrailing 12 months | $4.2B | $2.2B |
| EBITDAEarnings before interest/tax | $410M | $626M |
| Net IncomeAfter-tax profit | -$153M | $246M |
| Free Cash FlowCash after capex | $21M | $339M |
| Gross MarginGross profit ÷ Revenue | -0.0% | +23.9% |
| Operating MarginEBIT ÷ Revenue | -5.1% | +14.4% |
| Net MarginNet income ÷ Revenue | -3.7% | +11.3% |
| FCF MarginFCF ÷ Revenue | +0.5% | +15.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +83.0% | -4.5% |
| EPS Growth (YoY)Latest quarter vs prior year | -2.5% | -87.7% |
ARLP leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
Evenly matched — CNR and ARLP each lead in 3 of 6 comparable metrics.
Valuation Metrics
On an enterprise value basis, ARLP's 5.4x EV/EBITDA is more attractive than CNR's 10.9x.
| Metric | CNRCore Natural Reso… | ARLPAlliance Resource… |
|---|---|---|
| Market CapShares × price | $4.5B | $3.3B |
| Enterprise ValueMkt cap + debt − cash | $4.4B | $3.7B |
| Trailing P/EPrice ÷ TTM EPS | -29.72x | 10.56x |
| Forward P/EPrice ÷ next-FY EPS est. | 24.33x | 11.17x |
| PEG RatioP/E ÷ EPS growth rate | 0.87x | — |
| EV / EBITDAEnterprise value multiple | 10.90x | 5.40x |
| Price / SalesMarket cap ÷ Revenue | 1.08x | 1.50x |
| Price / BookPrice ÷ Book value/share | 1.24x | 1.76x |
| Price / FCFMarket cap ÷ FCF | 212.29x | 8.48x |
Evenly matched — CNR and ARLP each lead in 3 of 6 comparable metrics.
Profitability & Efficiency
ARLP leads this category, winning 5 of 8 comparable metrics.
Profitability & Efficiency
ARLP delivers a 13.5% return on equity — every $100 of shareholder capital generates $14 in annual profit, vs $-4 for CNR. CNR carries lower financial leverage with a 0.10x debt-to-equity ratio, signaling a more conservative balance sheet compared to ARLP's 0.26x.
| Metric | CNRCore Natural Reso… | ARLPAlliance Resource… |
|---|---|---|
| ROE (TTM)Return on equity | -4.1% | +13.5% |
| ROA (TTM)Return on assets | -2.5% | +8.6% |
| ROICReturn on invested capital | -6.5% | +12.9% |
| ROCEReturn on capital employed | -5.6% | +14.5% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 4 |
| Debt / EquityFinancial leverage | 0.10x | 0.26x |
| Net DebtTotal debt minus cash | -$78M | $409M |
| Cash & Equiv.Liquid assets | $432M | $71M |
| Total DebtShort + long-term debt | $354M | $480M |
| Interest CoverageEBIT ÷ Interest expense | -5.57x | 7.19x |
ARLP leads this category, winning 5 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
Evenly matched — CNR and ARLP each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CNR five years ago would be worth $70,375 today (with dividends reinvested), compared to $61,901 for ARLP. Over the past 12 months, CNR leads with a +18.2% total return vs ARLP's +3.9%. The 3-year compound annual growth rate (CAGR) favors ARLP at 19.9% vs CNR's 13.2% — a key indicator of consistent wealth creation.
| Metric | CNRCore Natural Reso… | ARLPAlliance Resource… |
|---|---|---|
| YTD ReturnYear-to-date | -1.4% | +12.3% |
| 1-Year ReturnPast 12 months | +18.2% | +3.9% |
| 3-Year ReturnCumulative with dividends | +45.0% | +72.4% |
| 5-Year ReturnCumulative with dividends | +603.8% | +519.0% |
| 10-Year ReturnCumulative with dividends | +321.6% | +195.5% |
| CAGR (3Y)Annualised 3-year return | +13.2% | +19.9% |
Evenly matched — CNR and ARLP each lead in 3 of 6 comparable metrics.
Risk & Volatility
ARLP leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
ARLP is the less volatile stock with a 0.07 beta — it tends to amplify market swings less than CNR's 0.20 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ARLP currently trades 86.8% from its 52-week high vs CNR's 77.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | CNRCore Natural Reso… | ARLPAlliance Resource… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.20x | 0.07x |
| 52-Week HighHighest price in past year | $114.80 | $29.45 |
| 52-Week LowLowest price in past year | $63.36 | $22.20 |
| % of 52W HighCurrent price vs 52-week peak | +77.1% | +86.8% |
| RSI (14)Momentum oscillator 0–100 | 43.7 | 44.2 |
| Avg Volume (50D)Average daily shares traded | 1.0M | 380K |
ARLP leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
ARLP leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates CNR as "Buy" and ARLP as "Hold". Consensus price targets imply 30.1% upside for CNR (target: $115) vs 17.4% for ARLP (target: $30). For income investors, ARLP offers the higher dividend yield at 10.28% vs CNR's 0.58%.
| Metric | CNRCore Natural Reso… | ARLPAlliance Resource… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | $115.25 | $30.00 |
| # AnalystsCovering analysts | 17 | 18 |
| Dividend YieldAnnual dividend ÷ price | +0.6% | +10.3% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $0.51 | $2.63 |
| Buyback YieldShare repurchases ÷ mkt cap | +5.0% | 0.0% |
ARLP leads this category, winning 1 of 1 comparable metric.
Key Takeaway
ARLP leads in 4 of 6 categories — strongest in Income & Cash Flow and Profitability & Efficiency. 2 categories are tied.
Best OverallAlliance Resource Partners,… (ARLP)Leads 4 of 6 categories
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CNR vs ARLP: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is CNR or ARLP a better buy right now?
For growth investors, Core Natural Resources, Inc.
(CNR) is the stronger pick with 93. 8% revenue growth year-over-year, versus -10. 4% for Alliance Resource Partners, L. P. (ARLP). Alliance Resource Partners, L. P. (ARLP) offers the better valuation at 10. 6x trailing P/E (11. 2x forward), making it the more compelling value choice. Analysts rate Core Natural Resources, Inc. (CNR) a "Buy" — based on 17 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 — CNR or ARLP?
On forward P/E, Alliance Resource Partners, L.
P. is actually cheaper at 11. 2x.
03Which is the better long-term investment — CNR or ARLP?
Over the past 5 years, Core Natural Resources, Inc.
(CNR) delivered a total return of +603. 8%, compared to +519. 0% for Alliance Resource Partners, L. P. (ARLP). Over 10 years, the gap is even starker: CNR returned +321. 6% versus ARLP's +195. 5%. 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 — CNR or ARLP?
By beta (market sensitivity over 5 years), Alliance Resource Partners, L.
P. (ARLP) is the lower-risk stock at 0. 07β versus Core Natural Resources, Inc. 's 0. 20β — meaning CNR is approximately 179% more volatile than ARLP relative to the S&P 500. On balance sheet safety, Core Natural Resources, Inc. (CNR) carries a lower debt/equity ratio of 10% versus 26% for Alliance Resource Partners, L. P. — giving it more financial flexibility in a downturn.
05Which is growing faster — CNR or ARLP?
By revenue growth (latest reported year), Core Natural Resources, Inc.
(CNR) is pulling ahead at 93. 8% versus -10. 4% for Alliance Resource Partners, L. P. (ARLP). On earnings-per-share growth, the picture is similar: Alliance Resource Partners, L. P. grew EPS -12. 6% year-over-year, compared to -130. 9% for Core Natural Resources, Inc.. Over a 3-year CAGR, CNR leads at 22. 2% 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 — CNR or ARLP?
Alliance Resource Partners, L.
P. (ARLP) is the more profitable company, earning 14. 2% net margin versus -3. 7% for Core Natural Resources, Inc. — meaning it keeps 14. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ARLP leads at 17. 6% versus -5. 2% for CNR. At the gross margin level — before operating expenses — ARLP leads at 21. 3%, 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 CNR or ARLP more undervalued right now?
On forward earnings alone, Alliance Resource Partners, L.
P. (ARLP) trades at 11. 2x forward P/E versus 24. 3x for Core Natural Resources, Inc. — 13. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CNR: 30. 1% to $115. 25.
08Which pays a better dividend — CNR or ARLP?
All stocks in this comparison pay dividends.
Alliance Resource Partners, L. P. (ARLP) offers the highest yield at 10. 3%, versus 0. 6% for Core Natural Resources, Inc. (CNR).
09Is CNR or ARLP better for a retirement portfolio?
For long-horizon retirement investors, Alliance Resource Partners, L.
P. (ARLP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 07), 10. 3% yield, +195. 5% 10Y return). Both have compounded well over 10 years (ARLP: +195. 5%, CNR: +321. 6%), 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 CNR and ARLP?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: CNR is a small-cap high-growth stock; ARLP is a small-cap deep-value stock. 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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