Core Natural Resources, Inc.

CNR Energy Thermal Coal

Core Natural Resources, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.2 billion, up 92.4% from fiscal 2024.

Revenue
+14.2%
EPS
−70.5%
Free cash flow
+106.4%
Total debt
+8.92%

Quarter to September 2026, against a year earlier

76.87 1.66 +2.21%
Market cap
$3.7B
P/E
47.6×
Fwd P/E
18.2×
Dividend yield
0.00%
F-score
4/9
Altman Z
1.98
Beneish M
−1.01
Dividend safety
20/100

Core Natural Resources, Inc. (CNR) Gross margin

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Core Natural Resources, Inc.'s gross margin over the twelve months to 30 September 2026 was 17.3%, up 2.4 percentage points from fiscal 2025 (14.9%). Over the past ten years it has ranged from 14.9% (fiscal 2025) to 98.6% (fiscal 2019) — the current reading is the lowest in ten years. That is below the Thermal Coal industry median of 18.9% and below the Energy sector median of 42.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 14.9% (18.97)
FY2024 33.9% (11.18)
FY2023 45.0% (46.28)
FY2022 91.3% (0.43)
FY2021 91.8% (4.34)
FY2020 96.1% (2.54)
FY2019 98.6% 1.47
FY2018 97.2% 2.38
FY2017 94.8% (1.44)
FY2016 96.2% (2.34)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 17.3% (4.81)
Jun 2026 22.1% 3.17
Mar 2026 18.9% 8.56
Dec 2025 10.4% (7.10)
36 more quarters

Against its own ten years

Low 14.9% High 98.6%
Ten-year median 94.8%
Current reading's percentile 14

Gross margin against peers

Company Gross margin
NRP Natural Resource Partners LP compare 100.0%
ARLP Alliance Resource Partners, L.P. compare 35.3%
NC NACCO Industries, Inc. compare 18.9%
CNR Core Natural Resources, Inc. 17.3%
BTU Peabody Energy Corporation compare 10.2%
Thermal Coal industry median 18.9%
Energy sector median 42.1%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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