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Side-by-side financial comparison of Core Natural Resources, Inc. (CNR) and MSCI Inc. (MSCI). 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 $822.5M, roughly 1.3× MSCI Inc.). MSCI Inc. runs the higher net margin — 34.6% vs -7.6%, a 42.2% gap on every dollar of revenue. On growth, Core Natural Resources, Inc. posted the faster year-over-year revenue change (81.8% vs 10.6%). MSCI Inc. produced more free cash flow last quarter ($488.7M vs $26.0M). Over the past eight quarters, Core Natural Resources, Inc.'s revenue compounded faster (38.1% CAGR vs 10.0%).
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.
MSCI Inc. is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate finance products. It operates the MSCI World, MSCI Emerging Markets, and MSCI All Country World (ACWI) indices, among others.
CNR vs MSCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $822.5M |
| Net Profit | $-79.0M | $284.7M |
| Gross Margin | — | — |
| Operating Margin | -9.3% | 56.4% |
| Net Margin | -7.6% | 34.6% |
| Revenue YoY | 81.8% | 10.6% |
| Net Profit YoY | -356.3% | -6.8% |
| EPS (diluted) | $-1.51 | $3.81 |
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 | $822.5M | ||
| Q3 25 | $1.0B | $793.4M | ||
| Q2 25 | $1.1B | $772.7M | ||
| Q1 25 | $1.0B | $745.8M | ||
| Q4 24 | $573.6M | $743.5M | ||
| Q3 24 | $553.4M | $724.7M | ||
| Q2 24 | $490.7M | $707.9M | ||
| Q1 24 | $546.7M | $680.0M |
| Q4 25 | $-79.0M | $284.7M | ||
| Q3 25 | $31.6M | $325.4M | ||
| Q2 25 | $-36.6M | $303.6M | ||
| Q1 25 | $-69.3M | $288.6M | ||
| Q4 24 | $30.8M | $305.5M | ||
| Q3 24 | $95.6M | $280.9M | ||
| Q2 24 | $58.1M | $266.8M | ||
| Q1 24 | $101.9M | $256.0M |
| Q4 25 | -9.3% | 56.4% | ||
| Q3 25 | -1.2% | 56.4% | ||
| Q2 25 | -1.7% | 55.0% | ||
| Q1 25 | -5.3% | 50.6% | ||
| Q4 24 | 6.6% | 54.5% | ||
| Q3 24 | 21.2% | 55.4% | ||
| Q2 24 | 14.6% | 54.0% | ||
| Q1 24 | 22.7% | 49.9% |
| Q4 25 | -7.6% | 34.6% | ||
| Q3 25 | 3.2% | 41.0% | ||
| Q2 25 | -3.3% | 39.3% | ||
| Q1 25 | -6.8% | 38.7% | ||
| Q4 24 | 5.4% | 41.1% | ||
| Q3 24 | 17.3% | 38.8% | ||
| Q2 24 | 11.8% | 37.7% | ||
| Q1 24 | 18.6% | 37.6% |
| Q4 25 | $-1.51 | $3.81 | ||
| Q3 25 | $0.61 | $4.25 | ||
| Q2 25 | $-0.70 | $3.92 | ||
| Q1 25 | $-1.38 | $3.71 | ||
| Q4 24 | $1.04 | $3.89 | ||
| Q3 24 | $3.22 | $3.57 | ||
| Q2 24 | $1.96 | $3.37 | ||
| Q1 24 | $3.39 | $3.22 |
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 | $515.3M |
| Total DebtLower is stronger | $354.2M | $6.2B |
| Stockholders' EquityBook value | $3.7B | $-2.7B |
| Total Assets | $6.1B | $5.7B |
| Debt / EquityLower = less leverage | 0.10× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $432.2M | $515.3M | ||
| Q3 25 | $444.7M | $400.1M | ||
| Q2 25 | $413.2M | $347.3M | ||
| Q1 25 | $388.5M | $360.7M | ||
| Q4 24 | $460.2M | $409.4M | ||
| Q3 24 | $331.7M | $501.0M | ||
| Q2 24 | $216.1M | $451.4M | ||
| Q1 24 | $172.6M | $519.3M |
| Q4 25 | $354.2M | $6.2B | ||
| Q3 25 | $334.5M | $5.5B | ||
| Q2 25 | $334.0M | $4.5B | ||
| Q1 25 | $329.8M | $4.5B | ||
| Q4 24 | $94.8M | $4.5B | ||
| Q3 24 | $83.7M | $4.5B | ||
| Q2 24 | $184.9M | $4.5B | ||
| Q1 24 | $185.5M | $4.5B |
| Q4 25 | $3.7B | $-2.7B | ||
| Q3 25 | $3.8B | $-1.9B | ||
| Q2 25 | $3.8B | $-886.2M | ||
| Q1 25 | $3.9B | $-958.6M | ||
| Q4 24 | $1.6B | $-940.0M | ||
| Q3 24 | $1.5B | $-751.0M | ||
| Q2 24 | $1.4B | $-734.5M | ||
| Q1 24 | $1.4B | $-650.5M |
| Q4 25 | $6.1B | $5.7B | ||
| Q3 25 | $6.2B | $5.4B | ||
| Q2 25 | $6.2B | $5.4B | ||
| Q1 25 | $6.3B | $5.3B | ||
| Q4 24 | $2.9B | $5.4B | ||
| Q3 24 | $2.8B | $5.4B | ||
| Q2 24 | $2.7B | $5.5B | ||
| Q1 24 | $2.7B | $5.5B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $107.3M | $501.1M |
| Free Cash FlowOCF − Capex | $26.0M | $488.7M |
| FCF MarginFCF / Revenue | 2.5% | 59.4% |
| Capex IntensityCapex / Revenue | 7.8% | 1.5% |
| Cash ConversionOCF / Net Profit | — | 1.76× |
| TTM Free Cash FlowTrailing 4 quarters | $21.2M | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $107.3M | $501.1M | ||
| Q3 25 | $87.9M | $449.4M | ||
| Q2 25 | $220.2M | $336.1M | ||
| Q1 25 | $-109.6M | $301.7M | ||
| Q4 24 | $121.3M | $430.6M | ||
| Q3 24 | $161.3M | $421.6M | ||
| Q2 24 | $116.3M | $349.2M | ||
| Q1 24 | $77.5M | $300.1M |
| Q4 25 | $26.0M | $488.7M | ||
| Q3 25 | $38.6M | $445.5M | ||
| Q2 25 | $131.0M | $324.7M | ||
| Q1 25 | $-174.5M | $290.2M | ||
| Q4 24 | $80.5M | $416.4M | ||
| Q3 24 | $121.9M | $415.0M | ||
| Q2 24 | $60.9M | $340.6M | ||
| Q1 24 | $35.1M | $295.9M |
| Q4 25 | 2.5% | 59.4% | ||
| Q3 25 | 3.9% | 56.2% | ||
| Q2 25 | 11.9% | 42.0% | ||
| Q1 25 | -17.1% | 38.9% | ||
| Q4 24 | 14.0% | 56.0% | ||
| Q3 24 | 22.0% | 57.3% | ||
| Q2 24 | 12.4% | 48.1% | ||
| Q1 24 | 6.4% | 43.5% |
| Q4 25 | 7.8% | 1.5% | ||
| Q3 25 | 4.9% | 0.5% | ||
| Q2 25 | 8.1% | 1.5% | ||
| Q1 25 | 6.4% | 1.5% | ||
| Q4 24 | 7.1% | 1.9% | ||
| Q3 24 | 7.1% | 0.9% | ||
| Q2 24 | 11.3% | 1.2% | ||
| Q1 24 | 7.7% | 0.6% |
| Q4 25 | — | 1.76× | ||
| Q3 25 | 2.78× | 1.38× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | 1.05× | ||
| Q4 24 | 3.94× | 1.41× | ||
| Q3 24 | 1.69× | 1.50× | ||
| Q2 24 | 2.00× | 1.31× | ||
| Q1 24 | 0.76× | 1.17× |
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% |
MSCI
| Recurring Subscriptions | $246.4M | 30% |
| Asset Based Fees | $211.7M | 26% |
| Analytics Segment | $182.3M | 22% |
| Sustainability And Climate Segment | $90.3M | 11% |
| Other | $70.9M | 9% |
| Non Recurring | $21.1M | 3% |
