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

KeyCorp is the larger business by last-quarter revenue ($2.0B vs $1.0B, roughly 1.9× Core Natural Resources, Inc.). KeyCorp runs the higher net margin — 25.4% vs -7.6%, a 33.0% gap on every dollar of revenue. On growth, KeyCorp posted the faster year-over-year revenue change (131.8% vs 81.8%). KeyCorp produced more free cash flow last quarter ($2.1B vs $26.0M). Over the past eight quarters, Core Natural Resources, Inc.'s revenue compounded faster (38.1% CAGR vs 14.4%).

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.

Key is a Japanese visual novel studio known for making dramatic and plot-oriented titles. It was formed on July 21, 1998, as a brand under the publisher Visual Arts, and is located in Kita, Osaka.

CNR vs KEY — Head-to-Head

Bigger by revenue
KEY
KEY
1.9× larger
KEY
$2.0B
$1.0B
CNR
Growing faster (revenue YoY)
KEY
KEY
+50.0% gap
KEY
131.8%
81.8%
CNR
Higher net margin
KEY
KEY
33.0% more per $
KEY
25.4%
-7.6%
CNR
More free cash flow
KEY
KEY
$2.1B more FCF
KEY
$2.1B
$26.0M
CNR
Faster 2-yr revenue CAGR
CNR
CNR
Annualised
CNR
38.1%
14.4%
KEY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CNR
CNR
KEY
KEY
Revenue
$1.0B
$2.0B
Net Profit
$-79.0M
$510.0M
Gross Margin
Operating Margin
-9.3%
32.3%
Net Margin
-7.6%
25.4%
Revenue YoY
81.8%
131.8%
Net Profit YoY
-356.3%
309.0%
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.

Revenue
CNR
CNR
KEY
KEY
Q4 25
$1.0B
$2.0B
Q3 25
$1.0B
$1.9B
Q2 25
$1.1B
$1.8B
Q1 25
$1.0B
$1.8B
Q4 24
$573.6M
$865.0M
Q3 24
$553.4M
$695.0M
Q2 24
$490.7M
$1.5B
Q1 24
$546.7M
$1.5B
Net Profit
CNR
CNR
KEY
KEY
Q4 25
$-79.0M
$510.0M
Q3 25
$31.6M
$489.0M
Q2 25
$-36.6M
$425.0M
Q1 25
$-69.3M
$405.0M
Q4 24
$30.8M
$-244.0M
Q3 24
$95.6M
$-410.0M
Q2 24
$58.1M
$274.0M
Q1 24
$101.9M
$219.0M
Operating Margin
CNR
CNR
KEY
KEY
Q4 25
-9.3%
32.3%
Q3 25
-1.2%
31.8%
Q2 25
-1.7%
29.3%
Q1 25
-5.3%
29.0%
Q4 24
6.6%
-92.6%
Q3 24
21.2%
-72.8%
Q2 24
14.6%
22.0%
Q1 24
22.7%
18.1%
Net Margin
CNR
CNR
KEY
KEY
Q4 25
-7.6%
25.4%
Q3 25
3.2%
25.8%
Q2 25
-3.3%
23.1%
Q1 25
-6.8%
22.8%
Q4 24
5.4%
-54.7%
Q3 24
17.3%
-59.0%
Q2 24
11.8%
18.0%
Q1 24
18.6%
14.3%
EPS (diluted)
CNR
CNR
KEY
KEY
Q4 25
$-1.51
$0.43
Q3 25
$0.61
$0.41
Q2 25
$-0.70
$0.35
Q1 25
$-1.38
$0.33
Q4 24
$1.04
$-0.30
Q3 24
$3.22
$-0.47
Q2 24
$1.96
$0.25
Q1 24
$3.39
$0.20

Balance Sheet & Financial Strength

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

Metric
CNR
CNR
KEY
KEY
Cash + ST InvestmentsLiquidity on hand
$432.2M
$10.2B
Total DebtLower is stronger
$354.2M
$9.9B
Stockholders' EquityBook value
$3.7B
$20.4B
Total Assets
$6.1B
$184.4B
Debt / EquityLower = less leverage
0.10×
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNR
CNR
KEY
KEY
Q4 25
$432.2M
$10.2B
Q3 25
$444.7M
$13.3B
Q2 25
$413.2M
$11.6B
Q1 25
$388.5M
$15.3B
Q4 24
$460.2M
$17.5B
Q3 24
$331.7M
$22.8B
Q2 24
$216.1M
$15.5B
Q1 24
$172.6M
$13.2B
Total Debt
CNR
CNR
KEY
KEY
Q4 25
$354.2M
$9.9B
Q3 25
$334.5M
$10.9B
Q2 25
$334.0M
$12.1B
Q1 25
$329.8M
$12.4B
Q4 24
$94.8M
$12.1B
Q3 24
$83.7M
$15.7B
Q2 24
$184.9M
$16.9B
Q1 24
$185.5M
$20.8B
Stockholders' Equity
CNR
CNR
KEY
KEY
Q4 25
$3.7B
$20.4B
Q3 25
$3.8B
$20.1B
Q2 25
$3.8B
$19.5B
Q1 25
$3.9B
$19.0B
Q4 24
$1.6B
$18.2B
Q3 24
$1.5B
$16.9B
Q2 24
$1.4B
$14.8B
Q1 24
$1.4B
$14.5B
Total Assets
CNR
CNR
KEY
KEY
Q4 25
$6.1B
$184.4B
Q3 25
$6.2B
$187.4B
Q2 25
$6.2B
$185.5B
Q1 25
$6.3B
$188.7B
Q4 24
$2.9B
$187.2B
Q3 24
$2.8B
$189.8B
Q2 24
$2.7B
$187.4B
Q1 24
$2.7B
$187.5B
Debt / Equity
CNR
CNR
KEY
KEY
Q4 25
0.10×
0.49×
Q3 25
0.09×
0.54×
Q2 25
0.09×
0.62×
Q1 25
0.08×
0.65×
Q4 24
0.06×
0.67×
Q3 24
0.05×
0.93×
Q2 24
0.13×
1.14×
Q1 24
0.13×
1.43×

Cash Flow & Capital Efficiency

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

Metric
CNR
CNR
KEY
KEY
Operating Cash FlowLast quarter
$107.3M
$2.2B
Free Cash FlowOCF − Capex
$26.0M
$2.1B
FCF MarginFCF / Revenue
2.5%
104.8%
Capex IntensityCapex / Revenue
7.8%
5.3%
Cash ConversionOCF / Net Profit
4.33×
TTM Free Cash FlowTrailing 4 quarters
$21.2M
$3.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNR
CNR
KEY
KEY
Q4 25
$107.3M
$2.2B
Q3 25
$87.9M
$396.0M
Q2 25
$220.2M
$1.2B
Q1 25
$-109.6M
$-140.0M
Q4 24
$121.3M
$664.0M
Q3 24
$161.3M
$-1.2B
Q2 24
$116.3M
$-217.0M
Q1 24
$77.5M
$359.0M
Free Cash Flow
CNR
CNR
KEY
KEY
Q4 25
$26.0M
$2.1B
Q3 25
$38.6M
$367.0M
Q2 25
$131.0M
$1.2B
Q1 25
$-174.5M
$-150.0M
Q4 24
$80.5M
$599.0M
Q3 24
$121.9M
$-1.2B
Q2 24
$60.9M
$-230.0M
Q1 24
$35.1M
$347.0M
FCF Margin
CNR
CNR
KEY
KEY
Q4 25
2.5%
104.8%
Q3 25
3.9%
19.4%
Q2 25
11.9%
65.8%
Q1 25
-17.1%
-8.5%
Q4 24
14.0%
69.2%
Q3 24
22.0%
-175.8%
Q2 24
12.4%
-15.1%
Q1 24
6.4%
22.6%
Capex Intensity
CNR
CNR
KEY
KEY
Q4 25
7.8%
5.3%
Q3 25
4.9%
1.5%
Q2 25
8.1%
1.3%
Q1 25
6.4%
0.6%
Q4 24
7.1%
7.5%
Q3 24
7.1%
2.4%
Q2 24
11.3%
0.9%
Q1 24
7.7%
0.8%
Cash Conversion
CNR
CNR
KEY
KEY
Q4 25
4.33×
Q3 25
2.78×
0.81×
Q2 25
2.90×
Q1 25
-0.35×
Q4 24
3.94×
Q3 24
1.69×
Q2 24
2.00×
-0.79×
Q1 24
0.76×
1.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

KEY
KEY

Segment breakdown not available.

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