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Core Natural Resources, Inc. (CNR) 10-Year Financial Performance & Capital Metrics

CNR • • Industrial / General
EnergyCoalDiversified Coal & MineralsIntegrated Coal & Minerals
AboutCore Natural Resources, Inc., together with its subsidiaries, produces and sells bituminous coal in the United States and internationally. It operates through two segments, Pennsylvania Mining Complex (PAMC) and CONSOL Marine Terminal. The company's PAMC segment engages in the mining, preparing, and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant. Its CONSOL Marine Terminal segment provides coal export terminal services through the Port of Baltimore. The company also develops and operates the Itmann Mining Complex located in Wyoming County, West Virginia; and Greenfield Reserves and Resources located in the Northern Appalachian, Central Appalachian, and Illinois basins. The company was formerly known as CONSOL Energy Inc. and changed its name to Core Natural Resources, Inc. in January 2025. Core Natural Resources, Inc. was founded in 1864 and is headquartered in Canonsburg, Pennsylvania.Show more
  • Revenue $2.15B -14.3%
  • EBITDA $489M -50.6%
  • Net Income $286M -56.3%
  • EPS (Diluted) 9.65 -51.2%
  • Gross Margin 76.84% -2.3%
  • EBITDA Margin 22.75% -42.3%
  • Operating Margin 12.34% -58.6%
  • Net Margin 13.33% -49.1%
  • ROE 19.67% -62.4%
  • ROIC 14.57% -65.5%
  • Debt/Equity 0.14 -13.8%
  • Interest Coverage 11.95 -53.1%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 40.9%
  • ✓Strong 5Y profit CAGR of 30.4%
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Share count reduced 10.1% through buybacks
  • ✓Healthy 5Y average net margin of 12.3%
  • ✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.48%
5Y9.33%
3Y19.44%
TTM66.21%

Profit (Net Income) CAGR

10Y-0.16%
5Y30.39%
3Y103.25%
TTM-110.52%

EPS CAGR

10Y4.51%
5Y27.99%
3Y115.82%
TTM-103.13%

ROCE

10Y Avg12.5%
5Y Avg16.25%
3Y Avg27.2%
Latest11.55%

Peer Comparison

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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
BTUPeabody Energy Corporation4.38B36.0613.36-14.35%-0.83%-0.91%4.65%0.13
NRPNatural Resource Partners L.P.1.54B117.3710.34-16.56%67.92%24.13%16.11%0.26
NCNACCO Industries, Inc.274.03M46.4710.2110.67%10.32%6.8%0.27
CNRCore Natural Resources, Inc.5.02B98.0210.16-14.28%-1.18%-1.15%5.94%0.14
ARLPAlliance Resource Partners, L.P.3.12B24.338.78-4.6%10.88%13.37%11.98%0.26

Profit & Loss

Nov 2015Oct 2016Oct 2017Oct 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+1.34B1.14B1.32B1.47B1.38B879.46M1.26B2.28B2.51B2.15B
Revenue Growth %-0.2%-0.15%0.16%0.11%-0.07%-0.36%0.43%0.81%0.1%-0.14%
Cost of Goods Sold+215.84M224.59M245.69M244.84M226.76M250.75M328.4M409.32M535.42M497.55M
COGS % of Revenue0.16%0.2%0.19%0.17%0.16%0.29%0.26%0.18%0.21%0.23%
Gross Profit+1.12B918.92M1.08B1.23B1.15B628.71M932.63M1.87B1.97B1.65B
Gross Margin %0.84%0.8%0.81%0.83%0.84%0.71%0.74%0.82%0.79%0.77%
Gross Profit Growth %-0.23%-0.18%0.17%0.14%-0.06%-0.45%0.48%1.01%0.05%-0.16%
Operating Expenses+755.31M927.2M970.31M1.01B1.02B740.3M832.45M1.07B1.22B1.39B
OpEx % of Revenue0.56%0.81%0.73%0.69%0.74%0.84%0.66%0.47%0.49%0.65%
Selling, General & Admin55.72M50.03M83.61M65.35M67.11M72.1M87.16M116.7M103.47M115.22M
SG&A % of Revenue0.04%0.04%0.06%0.04%0.05%0.08%0.07%0.05%0.04%0.05%
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses699.59M877.18M886.71M946.45M948.01M668.2M745.29M949.22M1.12B1.27B
Operating Income+369.35M-8.28M105.4M216.16M133.67M-111.59M100.18M804.78M747.68M265.23M
Operating Margin %0.28%-0.01%0.08%0.15%0.1%-0.13%0.08%0.35%0.3%0.12%
Operating Income Growth %0.41%-1.02%13.73%1.05%-0.38%-1.83%1.9%7.03%-0.07%-0.65%
EBITDA+564.69M169.84M277.41M417.42M340.77M99.17M324.76M1.03B989M488.75M
EBITDA Margin %0.42%0.15%0.21%0.28%0.25%0.11%0.26%0.45%0.39%0.23%
EBITDA Growth %0.2%-0.7%0.63%0.5%-0.18%-0.71%2.27%2.18%-0.04%-0.51%
D&A (Non-Cash Add-back)195.34M178.12M172M201.26M207.1M210.76M224.58M226.88M241.32M223.53M
EBIT450.57M79.07M195.9M271.46M164.56M51.94M98.75M621.08M807.2M352.84M
Net Interest Income+-7.13M-12.89M-23.48M-81.7M-63.53M-59.96M-60.05M-46.61M-15.73M-2.97M
Interest Income410K1.17M2.62M2.15M2.94M1.23M3.29M6.03M13.6M19.22M
Interest Expense7.54M14.05M26.1M83.85M66.46M61.19M63.34M52.64M29.32M22.19M
Other Income/Expense73.67M73.3M64.39M-28.55M-35.58M102.35M-64.77M-236.34M30.19M65.42M
Pretax Income+443.03M65.02M169.8M187.61M98.1M-9.24M35.41M568.44M777.87M330.65M
Pretax Margin %0.33%0.06%0.13%0.13%0.07%-0.01%0.03%0.25%0.31%0.15%
Income Tax+125.61M14.56M87.23M8.83M4.54M3.97M1.3M101.46M121.98M44.24M
Effective Tax Rate %0.69%0.64%0.4%0.82%0.77%1.06%0.96%0.82%0.84%0.87%
Net Income+307.01M41.5M67.63M152.98M76M-9.76M34.11M466.98M655.89M286.4M
Net Margin %0.23%0.04%0.05%0.1%0.06%-0.01%0.03%0.2%0.26%0.13%
Net Income Growth %0.06%-0.86%0.63%1.26%-0.5%-1.13%4.5%12.69%0.4%-0.56%
Net Income (Continuing)317.42M50.45M82.57M178.78M93.56M-13.21M34.11M466.98M655.89M286.4M
Discontinued Operations0000000000
Minority Interest153.75M142.49M139.38M141.68M137.2M00000
EPS (Diluted)+10.981.482.405.382.81-0.370.9613.0719.799.65
EPS Growth %0.77%-0.87%0.62%1.24%-0.48%-1.13%3.59%12.61%0.51%-0.51%
EPS (Basic)10.981.482.425.482.82-0.370.9913.4119.919.67
Diluted Shares Outstanding27.97M28.05M28.18M28.42M27.07M26.36M35.53M35.73M33.14M29.81M
Basic Shares Outstanding27.97M28.05M27.95M27.93M26.94M26.36M34.45M34.82M32.94M29.68M
Dividend Payout Ratio1.5%6.53%8.6%0.12%---0.15%0.12%0.06%

Balance Sheet

Nov 2015Oct 2016Oct 2017Oct 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+183.3M200.13M399.24M473.95M338.03M292.94M386.34M598.48M601.01M785.96M
Cash & Short-Term Investments6.64M13.31M153.98M235.68M80.29M50.85M149.91M273.07M281.3M460.23M
Cash Only6.64M13.31M153.98M235.68M80.29M50.85M149.91M273.07M199.37M408.24M
Short-Term Investments0000000081.93M51.99M
Accounts Receivable98.58M119.06M168.1M128.94M172.67M160.45M115.73M196.64M160.38M162.65M
Days Sales Outstanding26.843846.4331.9645.8266.5933.531.4823.3527.63
Inventory52.98M50.16M53.42M48.65M54.13M56.2M62.88M66.29M88.15M96.2M
Days Inventory Outstanding89.5981.5279.3672.5287.1381.8169.8859.1160.170.57
Other Current Assets00029.26M0032.6M40.37M71.17M66.87M
Total Non-Current Assets+2.68B2.49B2.31B2.29B2.36B2.23B2.19B2.11B2.07B2.09B
Property, Plant & Equipment2.33B2.18B2.12B2.11B2.16B2.1B2B1.98B1.92B1.93B
Fixed Asset Turnover0.58x0.52x0.62x0.70x0.64x0.42x0.63x1.15x1.31x1.11x
Goodwill158.03M154.27M148.29M148.29M000001.11B
Intangible Assets156.4M146.77M137.15M127.53M000002.39B
Long-Term Investments-314.42M-301.04M-285.44M-275.82M0000012.05M
Other Non-Current Assets-214.77M-178.59M-174.94M-173.12M87.47M59.11M129.66M126.01M156.22M-3.34B
Total Assets+2.87B2.69B2.71B2.76B2.69B2.52B2.57B2.7B2.68B2.88B
Asset Turnover0.47x0.43x0.49x0.53x0.51x0.35x0.49x0.84x0.94x0.75x
Asset Growth %2.78%-0.06%0.01%0.02%-0.02%-0.06%0.02%0.05%-0.01%0.08%
Total Current Liabilities+356.99M379.09M316.05M492.18M392.26M368.47M445.23M448.8M443.72M518.68M
Accounts Payable89.4M82.9M109.1M130.93M106.22M71.23M76.56M130.23M137.24M143.63M
Days Payables Outstanding151.19134.72162.08195.19170.98103.6885.09116.1393.56105.37
Short-Term Debt675K460K22.48M134.81M50.27M53.85M57.33M28.85M11.11M112.86M
Deferred Revenue (Current)1000K1000K1000K151K000966K1000K0
Other Current Liabilities222.45M97.22M137.41M94.05M77.23M95.72M173.78M158.29M137.23M123.81M
Current Ratio0.51x0.53x1.26x0.96x0.86x0.80x0.87x1.33x1.35x1.52x
Quick Ratio0.37x0.40x1.09x0.86x0.72x0.64x0.73x1.19x1.16x1.33x
Cash Conversion Cycle-34.76-15.2-36.29-90.71-38.0344.7118.29-25.54-10.11-7.17
Total Non-Current Liabilities+1.45B1.51B1.94B1.72B1.73B1.6B1.46B1.09B887.84M792.61M
Long-Term Debt285.78M301.83M856.65M708.54M653.8M566.86M568.05M342.11M181.88M79.52M
Capital Lease Obligations749K11.81M8.64M25.69M64.45M71.86M41.87M28.3M14.57M20.74M
Deferred Tax Liabilities000000021.91M36.22M49.21M
Other Non-Current Liabilities1.16B1.19B1.08B982.71M1.01B962.66M845.55M697.43M655.17M643.14M
Total Liabilities1.81B1.89B2.36B2.21B2.12B1.97B1.9B1.54B1.33B1.31B
Total Debt+287.56M317.71M890.93M869.04M788M712.8M673.94M404.18M212.33M213.74M
Net Debt280.92M304.4M736.96M633.36M707.71M661.95M524.02M131.11M12.96M-194.5M
Debt / Equity0.27x0.40x2.59x1.58x1.38x1.29x1.00x0.35x0.16x0.14x
Debt / EBITDA0.51x1.87x3.21x2.08x2.31x7.19x2.08x0.39x0.21x0.44x
Net Debt / EBITDA0.50x1.79x2.66x1.52x2.08x6.67x1.61x0.13x0.01x-0.40x
Interest Coverage48.96x-0.59x4.04x2.58x2.01x-1.82x1.58x15.29x25.50x11.95x
Total Equity+1.06B800.12M343.64M551.61M572.39M553.52M672.81M1.17B1.34B1.57B
Equity Growth %3.31%-0.25%-0.57%0.61%0.04%-0.03%0.22%0.73%0.15%0.17%
Book Value per Share37.9728.5312.2019.4121.1420.9918.9432.6340.5452.61
Total Shareholders' Equity908.09M657.63M204.26M409.94M435.2M553.52M672.81M1.17B1.34B1.57B
Common Stock00280K274K259K340K345K347K299K294K
Retained Earnings00-43.71M182.15M259.9M246.85M280.96M668.88M944.34M1.16B
Treasury Stock0000000000
Accumulated OCI-368.39M-400.06M-305.1M-323.48M-348.73M-336.56M-255.44M-149.64M-149.06M-134.57M
Minority Interest153.75M142.49M139.38M141.68M137.2M00000

Cash Flow

Nov 2015Oct 2016Oct 2017Oct 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+291.69M329.11M248.11M413.52M244.57M129.33M305.57M650.99M857.95M476.39M
Operating CF Margin %0.22%0.29%0.19%0.28%0.18%0.15%0.24%0.29%0.34%0.22%
Operating CF Growth %-0.46%0.13%-0.25%0.67%-0.41%-0.47%1.36%1.13%0.32%-0.44%
Net Income317.42M50.45M82.57M178.78M93.56M-13.21M34.11M466.98M655.89M286.4M
Depreciation & Amortization0000000000
Stock-Based Compensation8.41M12.89M22.09M10.23M12.76M11.58M6.63M7.89M10.05M6.17M
Deferred Taxes72.62M91.53M16.61M-16.48M-17.42M11.69M-14.76M49.39M14.12M8.82M
Other Non-Cash Items210.61M181.49M158.97M213.48M235.97M182.81M221.4M210.11M237.11M222.72M
Working Capital Changes-317.36M-7.25M-32.13M27.51M-80.31M-63.53M58.19M-83.37M-59.22M-47.73M
Change in Receivables63.76M-17.61M-44.42M39.16M-38.96M11.13M44.71M-52.58M36.92M49.24M
Change in Inventory4.95M3.35M-3.26M4.77M-5.49M-2.07M-6.68M-3.02M-21.54M12.77M
Change in Payables-575K-4.15M7.04M37.49M-21.71M-30.76M11.47M39.23M11.45M4.57M
Cash from Investing+-130.27M-45.76M-56.83M-153.65M-172.54M-76.33M-127.36M-142.18M-259.43M-165.03M
Capital Expenditures-143.05M-53.6M-81.41M-145.75M-169.74M-86M-132.75M-171.51M-167.79M-177.99M
CapEx % of Revenue0.11%0.05%0.06%0.1%0.12%0.1%0.11%0.08%0.07%0.08%
Acquisitions----------
Investments----------
Other Investing12.78M7.84M24.58M-7.9M-2.8M9.67M5.39M29.33M-13.43M-21.06M
Cash from Financing+-154.92M-276.68M-50.61M-148.92M-256.67M-82.44M-30.85M-380.07M-682.2M-107.08M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-461.05M-270.97M-581.5M-18.23M000-71.49M-75.47M-15.86M
Share Repurchases----------
Other Financing-21.4M-22.14M-56.35M-30.93M-40.04M-15.44M-4.67M-14.22M-15.61M-8.87M
Net Change in Cash----------
Free Cash Flow+148.64M275.51M166.7M267.78M74.83M43.33M172.82M479.48M690.16M298.4M
FCF Margin %0.11%0.24%0.13%0.18%0.05%0.05%0.14%0.21%0.28%0.14%
FCF Growth %-0.24%0.85%-0.39%0.61%-0.72%-0.42%2.99%1.77%0.44%-0.57%
FCF per Share5.319.825.929.422.761.644.8613.4220.8210.01
FCF Conversion (FCF/Net Income)0.95x7.93x3.67x2.70x3.22x-13.26x8.96x1.39x1.31x1.66x
Interest Paid0000063M54.4M50.84M29.25M23.79M
Taxes Paid000001.48M3.2M55.75M111.3M39.25M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)46.93%4.46%11.83%34.17%13.52%-1.73%5.56%50.8%52.28%19.67%
Return on Invested Capital (ROIC)31.51%-0.51%7.24%14.31%8.13%-6.71%6.23%48.41%42.27%14.57%
Gross Margin83.9%80.36%81.41%83.38%83.51%71.49%73.96%82.05%78.64%76.84%
Net Margin22.9%3.63%5.12%10.39%5.53%-1.11%2.7%20.48%26.17%13.33%
Debt / Equity0.27x0.40x2.59x1.58x1.38x1.29x1.00x0.35x0.16x0.14x
Interest Coverage48.96x-0.59x4.04x2.58x2.01x-1.82x1.58x15.29x25.50x11.95x
FCF Conversion0.95x7.93x3.67x2.70x3.22x-13.26x8.96x1.39x1.31x1.66x
Revenue Growth-20.27%-14.7%15.56%11.46%-6.6%-36.07%43.39%80.81%9.94%-14.28%

Revenue by Segment

2013201420152016201720182019202020212024
Windows------1.93B126.06M6.97B-
Windows Growth--------93.47%5426.60%-
Commercial------1.85B478.06M5.69B-
Commercial Growth--------74.13%1090.29%-
Siding------1.11B1.14B4.09B-
Siding Growth-------2.75%258.36%-
Engineered Building Systems----1.35B1.55B----
Engineered Building Systems Growth-----14.76%----
Metal Components----2.13B1.3B----
Metal Components Growth------38.82%----
Insulated Metal Panels-----929.17M----
Insulated Metal Panels Growth----------
Metal Coil Coating----383.22M625.11M----
Metal Coil Coating Growth-----63.12%----
Intersegment Sales-232.53M-240.74M-256.05M-279.08M------
Intersegment Sales Growth--3.53%-6.36%-9.00%------

Revenue by Geography

2013201420152016201720182019202020212024
UNITED STATES1.19B1.26B1.47B1.59B1.67B1.87B4.53B--4.92B
UNITED STATES Growth-5.51%16.81%8.16%4.85%12.45%141.52%---
CANADA102.07M92.24M72.57M61.78M73.09M99.31M340.25M305.78M422.87M377.98M
CANADA Growth--9.63%-21.33%-14.86%18.30%35.87%242.63%-10.13%38.29%-10.62%
Other Countries6.62M15.83M15.95M22.88M16.71M24.68M19.73M--2.32M
Other Countries Growth-139.12%0.73%43.46%-26.95%47.68%-20.05%---
MEXICO7.38M4.42M5.69M4.06M4.91M2.46M3.38M3.09M9.42M-
MEXICO Growth--40.13%28.73%-28.60%20.94%-49.90%37.44%-8.52%204.46%-
CHINA---6.73M8.92M4K1K---
CHINA Growth----32.53%-99.96%-75.00%---

Frequently Asked Questions

Valuation & Price

Core Natural Resources, Inc. (CNR) has a price-to-earnings (P/E) ratio of 10.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Core Natural Resources, Inc. (CNR) reported $3.69B in revenue for fiscal year 2024. This represents a 285% increase from $959.6M in 2011.

Core Natural Resources, Inc. (CNR) saw revenue decline by 14.3% over the past year.

Core Natural Resources, Inc. (CNR) reported a net loss of $43.4M for fiscal year 2024.

Dividend & Returns

Yes, Core Natural Resources, Inc. (CNR) pays a dividend with a yield of 0.54%. This makes it attractive for income-focused investors.

Core Natural Resources, Inc. (CNR) has a return on equity (ROE) of 19.7%. This is reasonable for most industries.

Core Natural Resources, Inc. (CNR) generated $75.6M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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