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Side-by-side financial comparison of Core Natural Resources, Inc. (CNR) and Liberty Energy Inc. (LBRT). 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 $1.0B, roughly 1.0× Liberty Energy Inc.). Liberty Energy Inc. runs the higher net margin — 2.2% vs -7.6%, a 9.8% gap on every dollar of revenue. On growth, Core Natural Resources, Inc. posted the faster year-over-year revenue change (81.8% vs 4.5%). Over the past eight quarters, Core Natural Resources, Inc.'s revenue compounded faster (38.1% CAGR vs -6.2%).
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.
Liberty Energy Inc. is a North American energy services provider specializing in hydraulic fracturing and well completion solutions for oil and gas operators. It serves clients across major U.S. shale basins, offering low-emission equipment and tailored support to optimize well productivity.
CNR vs LBRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.0B |
| Net Profit | $-79.0M | $22.6M |
| Gross Margin | — | — |
| Operating Margin | -9.3% | 2.2% |
| Net Margin | -7.6% | 2.2% |
| Revenue YoY | 81.8% | 4.5% |
| Net Profit YoY | -356.3% | 64.8% |
| EPS (diluted) | $-1.51 | $0.14 |
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.
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.0B | $1.0B | ||
| Q3 25 | $1.0B | $947.4M | ||
| Q2 25 | $1.1B | $1.0B | ||
| Q1 25 | $1.0B | $977.5M | ||
| Q4 24 | $573.6M | $943.6M | ||
| Q3 24 | $553.4M | $1.1B | ||
| Q2 24 | $490.7M | $1.2B |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $-79.0M | $13.7M | ||
| Q3 25 | $31.6M | $43.1M | ||
| Q2 25 | $-36.6M | $71.0M | ||
| Q1 25 | $-69.3M | $20.1M | ||
| Q4 24 | $30.8M | $51.9M | ||
| Q3 24 | $95.6M | $73.8M | ||
| Q2 24 | $58.1M | $108.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 20.6% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | — | 22.1% | ||
| Q1 25 | — | 22.1% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | — | 27.9% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | -9.3% | 1.9% | ||
| Q3 25 | -1.2% | -0.3% | ||
| Q2 25 | -1.7% | 3.6% | ||
| Q1 25 | -5.3% | 1.9% | ||
| Q4 24 | 6.6% | 2.6% | ||
| Q3 24 | 21.2% | 9.4% | ||
| Q2 24 | 14.6% | 12.2% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | -7.6% | 1.3% | ||
| Q3 25 | 3.2% | 4.5% | ||
| Q2 25 | -3.3% | 6.8% | ||
| Q1 25 | -6.8% | 2.1% | ||
| Q4 24 | 5.4% | 5.5% | ||
| Q3 24 | 17.3% | 6.5% | ||
| Q2 24 | 11.8% | 9.3% |
| Q1 26 | — | $0.14 | ||
| Q4 25 | $-1.51 | $0.08 | ||
| Q3 25 | $0.61 | $0.26 | ||
| Q2 25 | $-0.70 | $0.43 | ||
| Q1 25 | $-1.38 | $0.12 | ||
| Q4 24 | $1.04 | $0.31 | ||
| Q3 24 | $3.22 | $0.44 | ||
| Q2 24 | $1.96 | $0.64 |
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 | $699.1M |
| Total DebtLower is stronger | $354.2M | $7.1M |
| Stockholders' EquityBook value | $3.7B | $1.9B |
| Total Assets | $6.1B | $4.4B |
| Debt / EquityLower = less leverage | 0.10× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $699.1M | ||
| Q4 25 | $432.2M | $27.6M | ||
| Q3 25 | $444.7M | $13.5M | ||
| Q2 25 | $413.2M | $19.6M | ||
| Q1 25 | $388.5M | $24.1M | ||
| Q4 24 | $460.2M | $20.0M | ||
| Q3 24 | $331.7M | $23.0M | ||
| Q2 24 | $216.1M | $30.0M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $354.2M | $246.6M | ||
| Q3 25 | $334.5M | — | ||
| Q2 25 | $334.0M | — | ||
| Q1 25 | $329.8M | — | ||
| Q4 24 | $94.8M | $190.5M | ||
| Q3 24 | $83.7M | — | ||
| Q2 24 | $184.9M | — |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $3.7B | $2.1B | ||
| Q3 25 | $3.8B | $2.1B | ||
| Q2 25 | $3.8B | $2.0B | ||
| Q1 25 | $3.9B | $2.0B | ||
| Q4 24 | $1.6B | $2.0B | ||
| Q3 24 | $1.5B | $2.0B | ||
| Q2 24 | $1.4B | $1.9B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $6.1B | $3.6B | ||
| Q3 25 | $6.2B | $3.5B | ||
| Q2 25 | $6.2B | $3.4B | ||
| Q1 25 | $6.3B | $3.4B | ||
| Q4 24 | $2.9B | $3.3B | ||
| Q3 24 | $2.8B | $3.3B | ||
| Q2 24 | $2.7B | $3.2B |
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.10× | 0.12× | ||
| Q3 25 | 0.09× | — | ||
| Q2 25 | 0.09× | — | ||
| Q1 25 | 0.08× | — | ||
| Q4 24 | 0.06× | 0.10× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $107.3M | — |
| Free Cash FlowOCF − Capex | $26.0M | — |
| FCF MarginFCF / Revenue | 2.5% | — |
| Capex IntensityCapex / Revenue | 7.8% | 13.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $21.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $107.3M | $195.4M | ||
| Q3 25 | $87.9M | $51.5M | ||
| Q2 25 | $220.2M | $170.6M | ||
| Q1 25 | $-109.6M | $192.1M | ||
| Q4 24 | $121.3M | $177.3M | ||
| Q3 24 | $161.3M | $244.5M | ||
| Q2 24 | $116.3M | $248.2M |
| Q1 26 | — | — | ||
| Q4 25 | $26.0M | $-10.0M | ||
| Q3 25 | $38.6M | $-67.2M | ||
| Q2 25 | $131.0M | $33.1M | ||
| Q1 25 | $-174.5M | $58.2M | ||
| Q4 24 | $80.5M | $-26.2M | ||
| Q3 24 | $121.9M | $77.9M | ||
| Q2 24 | $60.9M | $112.2M |
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | -1.0% | ||
| Q3 25 | 3.9% | -7.1% | ||
| Q2 25 | 11.9% | 3.2% | ||
| Q1 25 | -17.1% | 6.0% | ||
| Q4 24 | 14.0% | -2.8% | ||
| Q3 24 | 22.0% | 6.8% | ||
| Q2 24 | 12.4% | 9.7% |
| Q1 26 | — | 13.1% | ||
| Q4 25 | 7.8% | 19.8% | ||
| Q3 25 | 4.9% | 12.5% | ||
| Q2 25 | 8.1% | 13.2% | ||
| Q1 25 | 6.4% | 13.7% | ||
| Q4 24 | 7.1% | 21.6% | ||
| Q3 24 | 7.1% | 14.6% | ||
| Q2 24 | 11.3% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.28× | ||
| Q3 25 | 2.78× | 1.20× | ||
| Q2 25 | — | 2.40× | ||
| Q1 25 | — | 9.55× | ||
| Q4 24 | 3.94× | 3.42× | ||
| Q3 24 | 1.69× | 3.31× | ||
| Q2 24 | 2.00× | 2.29× |
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% |
LBRT
Segment breakdown not available.
