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Side-by-side financial comparison of Core Natural Resources, Inc. (CNR) and WARRIOR MET COAL, INC. (HCC). 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 $384.0M, roughly 2.7× WARRIOR MET COAL, INC.). WARRIOR MET COAL, INC. runs the higher net margin — 6.0% vs -7.6%, a 13.6% gap on every dollar of revenue. On growth, Core Natural Resources, Inc. posted the faster year-over-year revenue change (81.8% vs 29.1%). Over the past eight quarters, Core Natural Resources, Inc.'s revenue compounded faster (38.1% CAGR vs -12.7%).
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.
Warrior Met Coal, Inc. (ticker HCC) is a U.S.-headquartered mining enterprise that produces and distributes high-grade metallurgical coal, a key raw material for steel production. It serves steel manufacturers and industrial clients across core markets including North America, Europe, and Asia.
CNR vs HCC — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $384.0M |
| Net Profit | $-79.0M | $23.0M |
| Gross Margin | — | 29.5% |
| Operating Margin | -9.3% | 9.0% |
| Net Margin | -7.6% | 6.0% |
| Revenue YoY | 81.8% | 29.1% |
| Net Profit YoY | -356.3% | 1919.5% |
| EPS (diluted) | $-1.51 | $0.43 |
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.
| Q4 25 | $1.0B | $384.0M | ||
| Q3 25 | $1.0B | $328.6M | ||
| Q2 25 | $1.1B | $297.5M | ||
| Q1 25 | $1.0B | $299.9M | ||
| Q4 24 | $573.6M | $297.5M | ||
| Q3 24 | $553.4M | $327.7M | ||
| Q2 24 | $490.7M | $396.5M | ||
| Q1 24 | $546.7M | $503.5M |
| Q4 25 | $-79.0M | $23.0M | ||
| Q3 25 | $31.6M | $36.6M | ||
| Q2 25 | $-36.6M | $5.6M | ||
| Q1 25 | $-69.3M | $-8.2M | ||
| Q4 24 | $30.8M | $1.1M | ||
| Q3 24 | $95.6M | $41.8M | ||
| Q2 24 | $58.1M | $70.7M | ||
| Q1 24 | $101.9M | $137.0M |
| Q4 25 | — | 29.5% | ||
| Q3 25 | — | 27.1% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | — | 23.1% | ||
| Q3 24 | — | 29.3% | ||
| Q2 24 | — | 34.1% | ||
| Q1 24 | — | 43.3% |
| Q4 25 | -9.3% | 9.0% | ||
| Q3 25 | -1.2% | 6.3% | ||
| Q2 25 | -1.7% | 2.6% | ||
| Q1 25 | -5.3% | -5.8% | ||
| Q4 24 | 6.6% | -1.4% | ||
| Q3 24 | 21.2% | 11.9% | ||
| Q2 24 | 14.6% | 17.9% | ||
| Q1 24 | 22.7% | 29.6% |
| Q4 25 | -7.6% | 6.0% | ||
| Q3 25 | 3.2% | 11.1% | ||
| Q2 25 | -3.3% | 1.9% | ||
| Q1 25 | -6.8% | -2.7% | ||
| Q4 24 | 5.4% | 0.4% | ||
| Q3 24 | 17.3% | 12.7% | ||
| Q2 24 | 11.8% | 17.8% | ||
| Q1 24 | 18.6% | 27.2% |
| Q4 25 | $-1.51 | $0.43 | ||
| Q3 25 | $0.61 | $0.70 | ||
| Q2 25 | $-0.70 | $0.11 | ||
| Q1 25 | $-1.38 | $-0.16 | ||
| Q4 24 | $1.04 | $0.02 | ||
| Q3 24 | $3.22 | $0.80 | ||
| Q2 24 | $1.96 | $1.35 | ||
| Q1 24 | $3.39 | $2.62 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $432.2M | $300.0M |
| Total DebtLower is stronger | $354.2M | $154.3M |
| Stockholders' EquityBook value | $3.7B | $2.1B |
| Total Assets | $6.1B | $2.8B |
| Debt / EquityLower = less leverage | 0.10× | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $432.2M | $300.0M | ||
| Q3 25 | $444.7M | $336.3M | ||
| Q2 25 | $413.2M | $383.3M | ||
| Q1 25 | $388.5M | $454.9M | ||
| Q4 24 | $460.2M | $491.5M | ||
| Q3 24 | $331.7M | $583.2M | ||
| Q2 24 | $216.1M | $709.0M | ||
| Q1 24 | $172.6M | $693.9M |
| Q4 25 | $354.2M | $154.3M | ||
| Q3 25 | $334.5M | $154.1M | ||
| Q2 25 | $334.0M | $153.9M | ||
| Q1 25 | $329.8M | $153.8M | ||
| Q4 24 | $94.8M | $153.6M | ||
| Q3 24 | $83.7M | $153.5M | ||
| Q2 24 | $184.9M | $153.3M | ||
| Q1 24 | $185.5M | $153.2M |
| Q4 25 | $3.7B | $2.1B | ||
| Q3 25 | $3.8B | $2.1B | ||
| Q2 25 | $3.8B | $2.1B | ||
| Q1 25 | $3.9B | $2.1B | ||
| Q4 24 | $1.6B | $2.1B | ||
| Q3 24 | $1.5B | $2.1B | ||
| Q2 24 | $1.4B | $2.0B | ||
| Q1 24 | $1.4B | $2.0B |
| Q4 25 | $6.1B | $2.8B | ||
| Q3 25 | $6.2B | $2.7B | ||
| Q2 25 | $6.2B | $2.6B | ||
| Q1 25 | $6.3B | $2.6B | ||
| Q4 24 | $2.9B | $2.6B | ||
| Q3 24 | $2.8B | $2.6B | ||
| Q2 24 | $2.7B | $2.6B | ||
| Q1 24 | $2.7B | $2.5B |
| Q4 25 | 0.10× | 0.07× | ||
| Q3 25 | 0.09× | 0.07× | ||
| Q2 25 | 0.09× | 0.07× | ||
| Q1 25 | 0.08× | 0.07× | ||
| Q4 24 | 0.06× | 0.07× | ||
| Q3 24 | 0.05× | 0.07× | ||
| Q2 24 | 0.13× | 0.07× | ||
| Q1 24 | 0.13× | 0.08× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $107.3M | $76.1M |
| Free Cash FlowOCF − Capex | $26.0M | — |
| FCF MarginFCF / Revenue | 2.5% | — |
| Capex IntensityCapex / Revenue | 7.8% | — |
| Cash ConversionOCF / Net Profit | — | 3.31× |
| TTM Free Cash FlowTrailing 4 quarters | $21.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $107.3M | $76.1M | ||
| Q3 25 | $87.9M | $104.7M | ||
| Q2 25 | $220.2M | $37.5M | ||
| Q1 25 | $-109.6M | $10.9M | ||
| Q4 24 | $121.3M | $54.2M | ||
| Q3 24 | $161.3M | $62.2M | ||
| Q2 24 | $116.3M | $147.0M | ||
| Q1 24 | $77.5M | $104.1M |
| 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 | — | ||
| Q1 24 | $35.1M | — |
| 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% | — | ||
| Q1 24 | 6.4% | — |
| 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% | — | ||
| Q1 24 | 7.7% | — |
| Q4 25 | — | 3.31× | ||
| Q3 25 | 2.78× | 2.86× | ||
| Q2 25 | — | 6.70× | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.94× | 47.68× | ||
| Q3 24 | 1.69× | 1.49× | ||
| Q2 24 | 2.00× | 2.08× | ||
| Q1 24 | 0.76× | 0.76× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CNR
| Other | $397.4M | 38% |
| Power Generation | $376.5M | 36% |
| PRB | $183.0M | 18% |
| Metallurgical | $42.0M | 4% |
| Industrial | $34.1M | 3% |
| Terminal Revenue | $6.4M | 1% |
| Other Revenue | $3.0M | 0% |
HCC
| Mining Segment | $373.6M | 97% |
| Other | $10.4M | 3% |
