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

74.20 6.02 −7.50%
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) Operating margin

Alert me on Operating margin

Core Natural Resources, Inc.'s operating margin over the twelve months to 30 September 2026 was 2.22%, up 6.6 percentage points from fiscal 2025 (−4.37%). Over the past ten years it has ranged from −4.37% (fiscal 2025) to 32.1% (fiscal 2023) — the current reading is the lowest in ten years. That is below the Thermal Coal industry median of 9.06% and below the Energy sector median of 15.2%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 −4.37% (20.59)
FY2024 16.2% (15.83)
FY2023 32.1% 2.23
FY2022 29.8% 22.03
FY2021 7.79% 4.80
FY2020 2.99% (10.22)
FY2019 13.2% (4.77)
FY2018 18.0% 4.11
FY2017 13.9% 7.45
FY2016 6.42% (25.27)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 0.58% (13.07)
Jun 2026 13.7% 10.63
Mar 2026 3.02% 12.33
Dec 2025 −9.31% (8.13)
36 more quarters

Against its own ten years

Low −4.37% High 32.1%
Ten-year median 13.9%
Current reading's percentile 16

Operating margin against peers

Company Operating margin
NRP Natural Resource Partners LP compare 59.3%
ARLP Alliance Resource Partners, L.P. compare 14.7%
NC NACCO Industries, Inc. compare 9.06%
CNR Core Natural Resources, Inc. 2.22%
BTU Peabody Energy Corporation compare −4.50%
Thermal Coal industry median 9.06%
Energy sector median 15.2%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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