vs

Side-by-side financial comparison of AXIS CAPITAL HOLDINGS LTD (AXS) and Core Natural Resources, Inc. (CNR). Click either name above to swap in a different company.

AXIS CAPITAL HOLDINGS LTD is the larger business by last-quarter revenue ($1.6B vs $1.0B, roughly 1.6× Core Natural Resources, Inc.). AXIS CAPITAL HOLDINGS LTD runs the higher net margin — 15.5% vs -7.6%, a 23.1% gap on every dollar of revenue. On growth, Core Natural Resources, Inc. posted the faster year-over-year revenue change (81.8% vs 8.0%). Over the past eight quarters, Core Natural Resources, Inc.'s revenue compounded faster (38.1% CAGR vs 6.4%).

AXIS Capital Holdings Limited is the holding company for AXIS group of companies. It offers various risk transfer products and services through subsidiaries and branch networks in Bermuda, the United States, Canada, Europe and Singapore. The company offers insurance services including property, professional lines, terrorism, marine, energy, environmental and other insurance. The reinsurance services include property, professional lines, credit and bond, and others.

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.

AXS vs CNR — Head-to-Head

Bigger by revenue
AXS
AXS
1.6× larger
AXS
$1.6B
$1.0B
CNR
Growing faster (revenue YoY)
CNR
CNR
+73.8% gap
CNR
81.8%
8.0%
AXS
Higher net margin
AXS
AXS
23.1% more per $
AXS
15.5%
-7.6%
CNR
Faster 2-yr revenue CAGR
CNR
CNR
Annualised
CNR
38.1%
6.4%
AXS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AXS
AXS
CNR
CNR
Revenue
$1.6B
$1.0B
Net Profit
$254.8M
$-79.0M
Gross Margin
Operating Margin
15.6%
-9.3%
Net Margin
15.5%
-7.6%
Revenue YoY
8.0%
81.8%
Net Profit YoY
31.3%
-356.3%
EPS (diluted)
$-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
AXS
AXS
CNR
CNR
Q1 26
$1.6B
Q4 25
$1.7B
$1.0B
Q3 25
$1.7B
$1.0B
Q2 25
$1.6B
$1.1B
Q1 25
$1.5B
$1.0B
Q4 24
$1.5B
$573.6M
Q3 24
$1.6B
$553.4M
Q2 24
$1.5B
$490.7M
Net Profit
AXS
AXS
CNR
CNR
Q1 26
$254.8M
Q4 25
$289.6M
$-79.0M
Q3 25
$301.9M
$31.6M
Q2 25
$223.4M
$-36.6M
Q1 25
$194.1M
$-69.3M
Q4 24
$293.6M
$30.8M
Q3 24
$180.7M
$95.6M
Q2 24
$212.0M
$58.1M
Operating Margin
AXS
AXS
CNR
CNR
Q1 26
15.6%
Q4 25
19.0%
-9.3%
Q3 25
22.1%
-1.2%
Q2 25
17.2%
-1.7%
Q1 25
15.5%
-5.3%
Q4 24
18.6%
6.6%
Q3 24
14.2%
21.2%
Q2 24
17.4%
14.6%
Net Margin
AXS
AXS
CNR
CNR
Q1 26
15.5%
Q4 25
16.7%
-7.6%
Q3 25
18.0%
3.2%
Q2 25
13.7%
-3.3%
Q1 25
12.8%
-6.8%
Q4 24
20.0%
5.4%
Q3 24
11.2%
17.3%
Q2 24
14.6%
11.8%
EPS (diluted)
AXS
AXS
CNR
CNR
Q1 26
Q4 25
$3.63
$-1.51
Q3 25
$3.74
$0.61
Q2 25
$2.72
$-0.70
Q1 25
$2.26
$-1.38
Q4 24
$3.38
$1.04
Q3 24
$2.04
$3.22
Q2 24
$2.40
$1.96

Balance Sheet & Financial Strength

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

Metric
AXS
AXS
CNR
CNR
Cash + ST InvestmentsLiquidity on hand
$862.5M
$432.2M
Total DebtLower is stronger
$354.2M
Stockholders' EquityBook value
$6.4B
$3.7B
Total Assets
$35.6B
$6.1B
Debt / EquityLower = less leverage
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXS
AXS
CNR
CNR
Q1 26
$862.5M
Q4 25
$820.3M
$432.2M
Q3 25
$825.9M
$444.7M
Q2 25
$852.1M
$413.2M
Q1 25
$2.8B
$388.5M
Q4 24
$2.1B
$460.2M
Q3 24
$981.0M
$331.7M
Q2 24
$1.1B
$216.1M
Total Debt
AXS
AXS
CNR
CNR
Q1 26
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
Stockholders' Equity
AXS
AXS
CNR
CNR
Q1 26
$6.4B
Q4 25
$6.4B
$3.7B
Q3 25
$6.4B
$3.8B
Q2 25
$6.2B
$3.8B
Q1 25
$5.9B
$3.9B
Q4 24
$6.1B
$1.6B
Q3 24
$6.1B
$1.5B
Q2 24
$5.7B
$1.4B
Total Assets
AXS
AXS
CNR
CNR
Q1 26
$35.6B
Q4 25
$34.5B
$6.1B
Q3 25
$34.3B
$6.2B
Q2 25
$34.2B
$6.2B
Q1 25
$33.2B
$6.3B
Q4 24
$32.5B
$2.9B
Q3 24
$32.7B
$2.8B
Q2 24
$32.1B
$2.7B
Debt / Equity
AXS
AXS
CNR
CNR
Q1 26
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×

Cash Flow & Capital Efficiency

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

Metric
AXS
AXS
CNR
CNR
Operating Cash FlowLast quarter
$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
AXS
AXS
CNR
CNR
Q1 26
Q4 25
$630.4M
$107.3M
Q3 25
$673.8M
$87.9M
Q2 25
$-1.7B
$220.2M
Q1 25
$309.1M
$-109.6M
Q4 24
$355.5M
$121.3M
Q3 24
$587.0M
$161.3M
Q2 24
$518.1M
$116.3M
Free Cash Flow
AXS
AXS
CNR
CNR
Q1 26
Q4 25
$26.0M
Q3 25
$38.6M
Q2 25
$131.0M
Q1 25
$-174.5M
Q4 24
$80.5M
Q3 24
$121.9M
Q2 24
$60.9M
FCF Margin
AXS
AXS
CNR
CNR
Q1 26
Q4 25
2.5%
Q3 25
3.9%
Q2 25
11.9%
Q1 25
-17.1%
Q4 24
14.0%
Q3 24
22.0%
Q2 24
12.4%
Capex Intensity
AXS
AXS
CNR
CNR
Q1 26
Q4 25
7.8%
Q3 25
4.9%
Q2 25
8.1%
Q1 25
6.4%
Q4 24
7.1%
Q3 24
7.1%
Q2 24
11.3%
Cash Conversion
AXS
AXS
CNR
CNR
Q1 26
Q4 25
2.18×
Q3 25
2.23×
2.78×
Q2 25
-7.41×
Q1 25
1.59×
Q4 24
1.21×
3.94×
Q3 24
3.25×
1.69×
Q2 24
2.44×
2.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AXS
AXS

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%

Related Comparisons