CNX Resources Corporation (CNX) Financial Ratios
29 years of historical data (1997–2025) · Energy · Oil & Gas Exploration & Production
EV/EBITDA
↑
5.26
+20% vs avg
5yr avg: 4.40
30Y Low1.5·High23.4
P/FCF
↑
8.83
↓-38% vs avg
5yr avg: 14.16
30Y Low4.8·High57.9
P/B Ratio
↑
1.23
+12% vs avg
5yr avg: 1.10
30Y Low0.3·High9.6
ROE
↑
15.0%
↓+73% vs avg
5yr avg: 8.7%
30Y Low-19%·High175%
Debt/EBITDA
↑
1.80
↑+21% vs avg
5yr avg: 1.49
30Y Low0.6·High7.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CNX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
CNX Resources Corporation trades at 8.3x earnings, 46% above its 5-year average of 5.7x, sitting at the 10th percentile of its historical range. Compared to the Energy sector median P/E of 15.6x, the stock trades at a discount of 47%. On a free-cash-flow basis, the stock trades at 8.8x P/FCF, 38% below the 5-year average of 14.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.7B | $5.9B | $5.5B | $3.8B | $3.2B | $3.0B | $2.2B | $1.7B | $2.5B | $3.4B | $4.2B |
| Enterprise Value | $7.2B | $8.3B | $7.8B | $6.2B | $5.6B | $5.2B | $4.7B | $4.6B | $4.8B | $5.1B | $6.9B |
| P/E Ratio → | 8.34 | 9.24 | — | 2.22 | — | — | — | 52.06 | 3.08 | 8.87 | — |
| P/S Ratio | 2.20 | 2.75 | 4.12 | 2.63 | 0.81 | 1.25 | 1.98 | 1.09 | 1.40 | 2.82 | 4.93 |
| P/B Ratio | 1.23 | 1.36 | 1.35 | 0.88 | 1.08 | 0.80 | 0.49 | 0.34 | 0.48 | 0.87 | 1.06 |
| P/FCF | 8.83 | 11.04 | 20.14 | 28.41 | 4.77 | 6.45 | 6.99 | — | — | 213.30 | 17.25 |
| P/OCF | 4.58 | 5.73 | 6.80 | 4.71 | 2.58 | 3.21 | 2.71 | 1.72 | 2.77 | 5.21 | 8.91 |
P/E links to full P/E history page with 30-year chart
CNX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
CNX Resources Corporation's enterprise value stands at 5.3x EBITDA, 20% above its 5-year average of 4.4x. The Energy sector median is 7.9x, placing the stock at a 33% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.90 | 5.81 | 4.24 | 1.42 | 2.20 | 4.30 | 2.99 | 2.75 | 4.24 | 8.13 |
| EV / EBITDA | 5.26 | 6.13 | 6.87 | 5.11 | 1.55 | 2.33 | 4.35 | 2.57 | 3.01 | 4.83 | 11.38 |
| EV / EBIT | 9.10 | 8.57 | 2087.37 | 2.77 | — | — | 137.60 | 25.09 | 9.33 | 105.73 | — |
| EV / FCF | — | 15.63 | 28.40 | 45.90 | 8.30 | 11.38 | 15.19 | — | — | 320.95 | 28.44 |
CNX Profitability
Margins and return-on-capital ratios measuring operating efficiency
CNX Resources Corporation earns an operating margin of 36.8%, significantly above the Energy sector average of 13.8%. Operating margins have compressed from 53.4% to 36.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 15.0% indicates solid capital efficiency, compared to the sector median of 7.2%. ROIC of 9.0% represents adequate returns on invested capital versus a sector median of 6.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 47.2% | 47.2% | 59.9% | 62.5% | 83.0% | 78.3% | 58.4% | 66.7% | 71.8% | 53.8% | 35.8% |
| Operating Margin | 36.8% | 36.8% | 48.5% | 53.4% | 79.7% | 72.7% | 47.0% | 54.5% | 63.5% | 42.0% | 21.9% |
| Net Profit Margin | 29.6% | 29.6% | -6.7% | 117.6% | -3.6% | -20.9% | -44.6% | -5.2% | 45.4% | 31.8% | -100.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.0% | 15.0% | -2.1% | 47.1% | -4.3% | -12.3% | -10.3% | -1.6% | 17.7% | 9.7% | -19.3% |
| ROA | 7.2% | 7.2% | -1.1% | 20.1% | -1.7% | -6.2% | -5.7% | -0.9% | 10.3% | 4.7% | -8.4% |
| ROIC | 9.0% | 9.0% | 7.5% | 9.7% | 41.6% | 20.1% | 5.2% | 8.2% | 12.8% | 6.2% | 1.8% |
| ROCE | 10.3% | 10.3% | 8.6% | 10.4% | 43.6% | 23.5% | 6.3% | 10.1% | 15.3% | 6.8% | 2.1% |
CNX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
CNX Resources Corporation carries a Debt/EBITDA ratio of 1.8x, which is manageable (31% below the sector average of 2.6x). Net debt stands at $2.5B ($2.5B total debt minus $779000 cash). Interest coverage of 5.7x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.57 | 0.57 | 0.56 | 0.54 | 0.81 | 0.61 | 0.57 | 0.59 | 0.47 | 0.57 | 0.70 |
| Debt / EBITDA | 1.80 | 1.80 | 2.01 | 1.95 | 0.67 | 1.01 | 2.36 | 1.64 | 1.49 | 2.10 | 4.58 |
| Net Debt / Equity | — | 0.57 | 0.56 | 0.54 | 0.80 | 0.61 | 0.57 | 0.59 | 0.47 | 0.44 | 0.69 |
| Net Debt / EBITDA | 1.80 | 1.80 | 2.00 | 1.95 | 0.66 | 1.01 | 2.35 | 1.63 | 1.48 | 1.62 | 4.48 |
| Debt / FCF | — | 4.59 | 8.26 | 17.49 | 3.54 | 4.93 | 8.19 | — | — | 107.65 | 11.19 |
| Interest Coverage | 5.71 | 5.71 | 0.02 | 15.63 | -0.48 | -3.20 | 0.20 | 1.21 | 3.55 | 0.30 | -2.41 |
CNX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.44x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.51x to 0.44x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.44 | 0.44 | 0.33 | 0.51 | 0.44 | 0.48 | 0.62 | 0.94 | 0.96 | 1.93 | 0.67 |
| Quick Ratio | 0.41 | 0.41 | 0.32 | 0.49 | 0.42 | 0.48 | 0.60 | 0.93 | 0.94 | 1.91 | 0.60 |
| Cash Ratio | 0.00 | 0.00 | 0.02 | 0.00 | 0.02 | 0.00 | 0.04 | 0.03 | 0.03 | 1.15 | 0.06 |
| Asset Turnover | — | 0.24 | 0.16 | 0.17 | 0.46 | 0.29 | 0.14 | 0.17 | 0.20 | 0.17 | 0.09 |
| Inventory Turnover | 43.15 | 43.15 | 37.03 | 27.67 | 24.55 | 84.22 | 46.72 | 73.60 | 51.02 | 51.54 | 8.32 |
| Days Sales Outstanding | — | 55.52 | 53.54 | 33.44 | 32.99 | 51.93 | 50.51 | 49.54 | 85.88 | 72.26 | 75.62 |
CNX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
CNX Resources Corporation returns 11.1% to shareholders annually primarily through share buybacks. The earnings yield of 12.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | 0.1% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 12.0% | 10.8% | — | 45.0% | — | — | — | 1.9% | 32.5% | 11.3% | — |
| FCF Yield | 11.3% | 9.1% | 5.0% | 3.5% | 21.0% | 15.5% | 14.3% | — | — | 0.5% | 5.8% |
| Buyback Yield | 11.1% | 8.9% | 3.3% | 8.3% | 17.7% | 8.3% | 1.8% | 7.3% | 15.8% | 3.3% | 0.0% |
| Total Shareholder Yield | 11.1% | 8.9% | 3.3% | 8.3% | 17.7% | 8.3% | 1.8% | 7.3% | 15.8% | 3.3% | 0.1% |
| Shares Outstanding | — | $160M | $151M | $192M | $190M | $216M | $199M | $191M | $215M | $231M | $229M |
Peer Comparison
Compare CNX with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CNXYou | $5B | 8.3 | 5.3 | 8.8 | 47.2% | 36.8% | 15.0% | 9.0% | 1.8 |
 AR | $11B | 16.8 | 9.8 | 8.5 | 22.1% | 16.5% | 8.5% | 5.2% | 3.2 |
 EQT | $32B | 15.6 | 7.0 | 11.4 | 48.9% | 34.7% | 7.9% | 6.9% | 1.4 |
 RRC | $9B | 13.4 | 8.0 | 14.7 | 34.1% | 27.9% | 15.9% | 11.4% | 1.0 |
 CTRA | $25B | 14.5 | 5.9 | 15.1 | 60.4% | 89.1% | 12.3% | 10.9% | 0.8 |
 GPOR | $3B | 7.6 | 4.6 | 10.6 | 70.7% | 37.9% | 23.9% | 14.8% | 1.0 |
 CRK | $4B | 10.0 | 6.9 | — | 21.6% | 19.0% | 14.9% | 4.8% | 2.9 |
 AM | $10B | 25.4 | 15.8 | 13.5 | 65.3% | 51.2% | 20.2% | 9.4% | 3.8 |
 WMB | $92B | 35.0 | 17.9 | 91.2 | 42.9% | 36.8% | 17.5% | 7.7% | 4.4 |
 KMI | $72B | 23.5 | 14.3 | 22.3 | 43.7% | 28.4% | 9.5% | 5.6% | 4.5 |
 HAL | $29B | 23.4 | 10.4 | 17.6 | 15.7% | 10.2% | 12.2% | 10.2% | 2.4 |
| Energy Median | — | 15.6 | 7.9 | 13.9 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 29 years · Updated daily
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CNX — Frequently Asked Questions
Quick answers to the most common questions about buying CNX stock.
What is CNX Resources Corporation's P/E ratio?
CNX Resources Corporation's current P/E ratio is 8.3x. The historical average is 22.9x. This places it at the 10th percentile of its historical range.
What is CNX Resources Corporation's EV/EBITDA?
CNX Resources Corporation's current EV/EBITDA is 5.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.1x.
What is CNX Resources Corporation's ROE?
CNX Resources Corporation's return on equity (ROE) is 15.0%. The historical average is 24.6%.
Is CNX stock overvalued?
Based on historical data, CNX Resources Corporation is trading at a P/E of 8.3x. This is at the 10th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are CNX Resources Corporation's profit margins?
CNX Resources Corporation has 47.2% gross margin and 36.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does CNX Resources Corporation have?
CNX Resources Corporation's Debt/EBITDA ratio is 1.8x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.