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Side-by-side financial comparison of American Resources Corp (AREC) and Core Natural Resources, Inc. (CNR). Click either name above to swap in a different company.

Core Natural Resources, Inc. is the larger business by last-quarter revenue ($1.0B vs $165, roughly 6317969.7× American Resources Corp). Core Natural Resources, Inc. runs the higher net margin — -7.6% vs -4667098.8%, a 4667091.2% gap on every dollar of revenue. On growth, Core Natural Resources, Inc. posted the faster year-over-year revenue change (81.8% vs -99.9%). Over the past eight quarters, Core Natural Resources, Inc.'s revenue compounded faster (38.1% CAGR vs -99.5%).

REX American Resources Corp. is an American producer and retailer of ethanol, distillers grains and natural gas as well as a holding company in energy entities. It was founded in 1980 and is headquartered in Dayton, Ohio. The company has the entire ownership of three affiliated corporations including Rex Radio and Television, Inc., Stereo Town, Inc. and Kelly & Cohen Appliances, Inc. As of 2012, the company has the ownership of 22 national retail stores and invested in five ethanol production...

Arch Resources, previously known as Arch Coal, was an American coal mining and processing company. The company mined, processed, and marketed bituminous and sub-bituminous coal with low sulfur content in the United States. Arch Resources was the second-largest supplier of coal in the United States, behind Peabody Energy. As of 2011 the company supplied 15% of the domestic market. Demand came mainly from generators of electricity.

AREC vs CNR — Head-to-Head

Bigger by revenue
CNR
CNR
6317969.7× larger
CNR
$1.0B
$165
AREC
Growing faster (revenue YoY)
CNR
CNR
+181.7% gap
CNR
81.8%
-99.9%
AREC
Higher net margin
CNR
CNR
4667091.2% more per $
CNR
-7.6%
-4667098.8%
AREC
Faster 2-yr revenue CAGR
CNR
CNR
Annualised
CNR
38.1%
-99.5%
AREC

Income Statement — Q3 2025 vs Q4 2025

Metric
AREC
AREC
CNR
CNR
Revenue
$165
$1.0B
Net Profit
$-7.7M
$-79.0M
Gross Margin
-41374.5%
Operating Margin
-2656743.0%
-9.3%
Net Margin
-4667098.8%
-7.6%
Revenue YoY
-99.9%
81.8%
Net Profit YoY
27.5%
-356.3%
EPS (diluted)
$-0.05
$-1.51

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AREC
AREC
CNR
CNR
Q4 25
$1.0B
Q3 25
$165
$1.0B
Q2 25
$1.1B
Q1 25
$31.9K
$1.0B
Q4 24
$49.7K
$573.6M
Q3 24
$235.4K
$553.4M
Q2 24
$4.1K
$490.7M
Q1 24
$94.0K
$546.7M
Net Profit
AREC
AREC
CNR
CNR
Q4 25
$-79.0M
Q3 25
$-7.7M
$31.6M
Q2 25
$-36.6M
Q1 25
$-6.7M
$-69.3M
Q4 24
$-14.6M
$30.8M
Q3 24
$-10.6M
$95.6M
Q2 24
$-7.0M
$58.1M
Q1 24
$-7.0M
$101.9M
Gross Margin
AREC
AREC
CNR
CNR
Q4 25
Q3 25
-41374.5%
Q2 25
Q1 25
-470.0%
Q4 24
Q3 24
-85.8%
Q2 24
Q1 24
-938.6%
Operating Margin
AREC
AREC
CNR
CNR
Q4 25
-9.3%
Q3 25
-2656743.0%
-1.2%
Q2 25
-1.7%
Q1 25
-15608.8%
-5.3%
Q4 24
-21019.9%
6.6%
Q3 24
-3750.1%
21.2%
Q2 24
-152122.5%
14.6%
Q1 24
-7158.3%
22.7%
Net Margin
AREC
AREC
CNR
CNR
Q4 25
-7.6%
Q3 25
-4667098.8%
3.2%
Q2 25
-3.3%
Q1 25
-20847.7%
-6.8%
Q4 24
-29402.3%
5.4%
Q3 24
-4513.4%
17.3%
Q2 24
-170873.1%
11.8%
Q1 24
-7467.8%
18.6%
EPS (diluted)
AREC
AREC
CNR
CNR
Q4 25
$-1.51
Q3 25
$-0.05
$0.61
Q2 25
$-0.70
Q1 25
$-0.08
$-1.38
Q4 24
$1.04
Q3 24
$-0.14
$3.22
Q2 24
$1.96
Q1 24
$-0.09
$3.39

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AREC
AREC
CNR
CNR
Cash + ST InvestmentsLiquidity on hand
$2.1M
$432.2M
Total DebtLower is stronger
$354.2M
Stockholders' EquityBook value
$-80.7M
$3.7B
Total Assets
$202.4M
$6.1B
Debt / EquityLower = less leverage
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AREC
AREC
CNR
CNR
Q4 25
$432.2M
Q3 25
$2.1M
$444.7M
Q2 25
$413.2M
Q1 25
$24.6K
$388.5M
Q4 24
$1.2M
$460.2M
Q3 24
$991.7K
$331.7M
Q2 24
$554.4K
$216.1M
Q1 24
$172.6M
Total Debt
AREC
AREC
CNR
CNR
Q4 25
$354.2M
Q3 25
$334.5M
Q2 25
$334.0M
Q1 25
$329.8M
Q4 24
$94.8M
Q3 24
$83.7M
Q2 24
$184.9M
Q1 24
$185.5M
Stockholders' Equity
AREC
AREC
CNR
CNR
Q4 25
$3.7B
Q3 25
$-80.7M
$3.8B
Q2 25
$3.8B
Q1 25
$-84.1M
$3.9B
Q4 24
$-79.5M
$1.6B
Q3 24
$-51.8M
$1.5B
Q2 24
$-44.1M
$1.4B
Q1 24
$-52.2M
$1.4B
Total Assets
AREC
AREC
CNR
CNR
Q4 25
$6.1B
Q3 25
$202.4M
$6.2B
Q2 25
$6.2B
Q1 25
$203.6M
$6.3B
Q4 24
$205.9M
$2.9B
Q3 24
$211.6M
$2.8B
Q2 24
$195.5M
$2.7B
Q1 24
$216.1M
$2.7B
Debt / Equity
AREC
AREC
CNR
CNR
Q4 25
0.10×
Q3 25
0.09×
Q2 25
0.09×
Q1 25
0.08×
Q4 24
0.06×
Q3 24
0.05×
Q2 24
0.13×
Q1 24
0.13×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AREC
AREC
CNR
CNR
Operating Cash FlowLast quarter
$-8.0M
$107.3M
Free Cash FlowOCF − Capex
$26.0M
FCF MarginFCF / Revenue
2.5%
Capex IntensityCapex / Revenue
7.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$21.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AREC
AREC
CNR
CNR
Q4 25
$107.3M
Q3 25
$-8.0M
$87.9M
Q2 25
$220.2M
Q1 25
$-1.4M
$-109.6M
Q4 24
$-3.7M
$121.3M
Q3 24
$-4.3M
$161.3M
Q2 24
$-8.5M
$116.3M
Q1 24
$-4.8M
$77.5M
Free Cash Flow
AREC
AREC
CNR
CNR
Q4 25
$26.0M
Q3 25
$38.6M
Q2 25
$131.0M
Q1 25
$-174.5M
Q4 24
$80.5M
Q3 24
$-4.8M
$121.9M
Q2 24
$60.9M
Q1 24
$35.1M
FCF Margin
AREC
AREC
CNR
CNR
Q4 25
2.5%
Q3 25
3.9%
Q2 25
11.9%
Q1 25
-17.1%
Q4 24
14.0%
Q3 24
-2045.0%
22.0%
Q2 24
12.4%
Q1 24
6.4%
Capex Intensity
AREC
AREC
CNR
CNR
Q4 25
7.8%
Q3 25
4.9%
Q2 25
8.1%
Q1 25
6.4%
Q4 24
7.1%
Q3 24
205.0%
7.1%
Q2 24
11.3%
Q1 24
7.7%
Cash Conversion
AREC
AREC
CNR
CNR
Q4 25
Q3 25
2.78×
Q2 25
Q1 25
Q4 24
3.94×
Q3 24
1.69×
Q2 24
2.00×
Q1 24
0.76×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AREC
AREC

Segment breakdown not available.

CNR
CNR

Other$397.4M38%
Power Generation$376.5M36%
PRB$183.0M18%
Metallurgical$42.0M4%
Industrial$34.1M3%
Terminal Revenue$6.4M1%
Other Revenue$3.0M0%

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