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Friday 6 November 2026 Export CNR’s income statement to Excel — free account

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
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Core Natural Resources, Inc. (CNR) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Core Natural Resources, Inc. (CNR) trades at a P/B ratio of 1.0×. Over the past ten years it has ranged from 0.2× (March 2020) to 3.3× (August 2022); the current reading is higher than 26% of that period. That is in line with the Thermal Coal industry median of 1.0× and below the Energy sector median of 1.4×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 1.2× (38.76%)
FY2024 2.0× (18.57%)
FY2023 2.5× 42.42%
FY2022 1.7× 49.94%
FY2021 1.2× 242.06%
FY2020 0.3× (50.29%)
FY2019 0.7× (57.46%)
FY2018 1.6× (48.68%)
FY2017 3.1× 652.95%
FY2016 0.4× 0.00%

Quarterly newest first

Period P/B ratio Change
Sep 2026 1.2× 7.82%
Jun 2026 1.1× (25.71%)
Mar 2026 1.5× 18.12%
Dec 2025 1.2× 8.52%
36 more quarters

Against its own ten years

Low 0.2× High 3.3×
Ten-year median 1.6×
Current reading's percentile 26

P/B ratio against peers

Company P/B ratio
NC NACCO Industries, Inc. compare 0.6×
BTU Peabody Energy Corporation compare 0.6×
CNR Core Natural Resources, Inc. 1.0×
ARLP Alliance Resource Partners, L.P. compare 1.8×
NRP Natural Resource Partners LP compare 2.3×
Thermal Coal industry median 1.0×
Energy sector median 1.4×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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