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

Qnity Electronics, Inc. is the larger business by last-quarter revenue ($1.3B vs $1.0B, roughly 1.3× Core Natural Resources, Inc.). Qnity Electronics, Inc. runs the higher net margin — 12.3% vs -7.6%, a 19.9% gap on every dollar of revenue. On growth, Core Natural Resources, Inc. posted the faster year-over-year revenue change (81.8% vs 10.5%).

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.

CNR vs Q — Head-to-Head

Bigger by revenue
Q
Q
1.3× larger
Q
$1.3B
$1.0B
CNR
Growing faster (revenue YoY)
CNR
CNR
+71.2% gap
CNR
81.8%
10.5%
Q
Higher net margin
Q
Q
19.9% more per $
Q
12.3%
-7.6%
CNR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CNR
CNR
Q
Q
Revenue
$1.0B
$1.3B
Net Profit
$-79.0M
$162.0M
Gross Margin
47.0%
Operating Margin
-9.3%
Net Margin
-7.6%
12.3%
Revenue YoY
81.8%
10.5%
Net Profit YoY
-356.3%
48.6%
EPS (diluted)
$-1.51
$0.72

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
Q
Q
Q1 26
$1.3B
Q4 25
$1.0B
Q3 25
$1.0B
$1.3B
Q2 25
$1.1B
Q1 25
$1.0B
Q4 24
$573.6M
Q3 24
$553.4M
$1.1B
Q2 24
$490.7M
Net Profit
CNR
CNR
Q
Q
Q1 26
$162.0M
Q4 25
$-79.0M
Q3 25
$31.6M
$211.0M
Q2 25
$-36.6M
Q1 25
$-69.3M
Q4 24
$30.8M
Q3 24
$95.6M
$199.0M
Q2 24
$58.1M
Gross Margin
CNR
CNR
Q
Q
Q1 26
47.0%
Q4 25
Q3 25
45.1%
Q2 25
Q1 25
Q4 24
Q3 24
47.0%
Q2 24
Operating Margin
CNR
CNR
Q
Q
Q1 26
Q4 25
-9.3%
Q3 25
-1.2%
21.3%
Q2 25
-1.7%
Q1 25
-5.3%
Q4 24
6.6%
Q3 24
21.2%
21.8%
Q2 24
14.6%
Net Margin
CNR
CNR
Q
Q
Q1 26
12.3%
Q4 25
-7.6%
Q3 25
3.2%
16.5%
Q2 25
-3.3%
Q1 25
-6.8%
Q4 24
5.4%
Q3 24
17.3%
17.3%
Q2 24
11.8%
EPS (diluted)
CNR
CNR
Q
Q
Q1 26
$0.72
Q4 25
$-1.51
Q3 25
$0.61
$1.01
Q2 25
$-0.70
Q1 25
$-1.38
Q4 24
$1.04
Q3 24
$3.22
$0.95
Q2 24
$1.96

Balance Sheet & Financial Strength

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

Metric
CNR
CNR
Q
Q
Cash + ST InvestmentsLiquidity on hand
$432.2M
$857.0M
Total DebtLower is stronger
$354.2M
$4.0B
Stockholders' EquityBook value
$3.7B
$7.5B
Total Assets
$6.1B
$14.1B
Debt / EquityLower = less leverage
0.10×
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNR
CNR
Q
Q
Q1 26
$857.0M
Q4 25
$432.2M
Q3 25
$444.7M
$128.0M
Q2 25
$413.2M
Q1 25
$388.5M
Q4 24
$460.2M
Q3 24
$331.7M
Q2 24
$216.1M
Total Debt
CNR
CNR
Q
Q
Q1 26
$4.0B
Q4 25
$354.2M
Q3 25
$334.5M
$1.7B
Q2 25
$334.0M
Q1 25
$329.8M
Q4 24
$94.8M
Q3 24
$83.7M
Q2 24
$184.9M
Stockholders' Equity
CNR
CNR
Q
Q
Q1 26
$7.5B
Q4 25
$3.7B
Q3 25
$3.8B
$9.1B
Q2 25
$3.8B
Q1 25
$3.9B
Q4 24
$1.6B
Q3 24
$1.5B
$11.1B
Q2 24
$1.4B
Total Assets
CNR
CNR
Q
Q
Q1 26
$14.1B
Q4 25
$6.1B
Q3 25
$6.2B
$12.5B
Q2 25
$6.2B
Q1 25
$6.3B
Q4 24
$2.9B
Q3 24
$2.8B
Q2 24
$2.7B
Debt / Equity
CNR
CNR
Q
Q
Q1 26
0.54×
Q4 25
0.10×
Q3 25
0.09×
0.19×
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
CNR
CNR
Q
Q
Operating Cash FlowLast quarter
$107.3M
Free Cash FlowOCF − Capex
$26.0M
FCF MarginFCF / Revenue
2.5%
Capex IntensityCapex / Revenue
7.8%
9.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$21.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNR
CNR
Q
Q
Q1 26
Q4 25
$107.3M
Q3 25
$87.9M
$782.0M
Q2 25
$220.2M
Q1 25
$-109.6M
Q4 24
$121.3M
Q3 24
$161.3M
Q2 24
$116.3M
Free Cash Flow
CNR
CNR
Q
Q
Q1 26
Q4 25
$26.0M
Q3 25
$38.6M
$568.0M
Q2 25
$131.0M
Q1 25
$-174.5M
Q4 24
$80.5M
Q3 24
$121.9M
Q2 24
$60.9M
FCF Margin
CNR
CNR
Q
Q
Q1 26
Q4 25
2.5%
Q3 25
3.9%
44.5%
Q2 25
11.9%
Q1 25
-17.1%
Q4 24
14.0%
Q3 24
22.0%
Q2 24
12.4%
Capex Intensity
CNR
CNR
Q
Q
Q1 26
9.3%
Q4 25
7.8%
Q3 25
4.9%
16.8%
Q2 25
8.1%
Q1 25
6.4%
Q4 24
7.1%
Q3 24
7.1%
Q2 24
11.3%
Cash Conversion
CNR
CNR
Q
Q
Q1 26
Q4 25
Q3 25
2.78×
3.71×
Q2 25
Q1 25
Q4 24
3.94×
Q3 24
1.69×
Q2 24
2.00×

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%

Q
Q

Segment breakdown not available.

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