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Side-by-side financial comparison of Core Natural Resources, Inc. (CNR) and UNITED THERAPEUTICS Corp (UTHR). 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 $790.2M, roughly 1.3× UNITED THERAPEUTICS Corp). UNITED THERAPEUTICS Corp runs the higher net margin — 46.1% vs -7.6%, a 53.7% gap on every dollar of revenue. On growth, Core Natural Resources, Inc. posted the faster year-over-year revenue change (81.8% vs 7.4%). UNITED THERAPEUTICS Corp produced more free cash flow last quarter ($173.3M vs $26.0M). Over the past eight quarters, Core Natural Resources, Inc.'s revenue compounded faster (38.1% CAGR vs 8.0%).

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.

United Therapeutics Corporation is an American biotechnology company that develops pharmaceuticals and technologies related to organ transplantation, including xenotransplantation. Many of the company's products are focused towards lung disease and organ manufacturing. United Therapeutics is co-headquartered in Silver Spring, Maryland and Research Triangle Park, North Carolina, with additional facilities in Magog and Bromont, Quebec; Melbourne and Jacksonville, Florida; Blacksburg, Virginia; ...

CNR vs UTHR — Head-to-Head

Bigger by revenue
CNR
CNR
1.3× larger
CNR
$1.0B
$790.2M
UTHR
Growing faster (revenue YoY)
CNR
CNR
+74.4% gap
CNR
81.8%
7.4%
UTHR
Higher net margin
UTHR
UTHR
53.7% more per $
UTHR
46.1%
-7.6%
CNR
More free cash flow
UTHR
UTHR
$147.3M more FCF
UTHR
$173.3M
$26.0M
CNR
Faster 2-yr revenue CAGR
CNR
CNR
Annualised
CNR
38.1%
8.0%
UTHR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CNR
CNR
UTHR
UTHR
Revenue
$1.0B
$790.2M
Net Profit
$-79.0M
$364.3M
Gross Margin
86.9%
Operating Margin
-9.3%
45.1%
Net Margin
-7.6%
46.1%
Revenue YoY
81.8%
7.4%
Net Profit YoY
-356.3%
20.9%
EPS (diluted)
$-1.51
$7.66

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
UTHR
UTHR
Q4 25
$1.0B
$790.2M
Q3 25
$1.0B
$799.5M
Q2 25
$1.1B
$798.6M
Q1 25
$1.0B
$794.4M
Q4 24
$573.6M
$735.9M
Q3 24
$553.4M
$748.9M
Q2 24
$490.7M
$714.9M
Q1 24
$546.7M
$677.7M
Net Profit
CNR
CNR
UTHR
UTHR
Q4 25
$-79.0M
$364.3M
Q3 25
$31.6M
$338.7M
Q2 25
$-36.6M
$309.5M
Q1 25
$-69.3M
$322.2M
Q4 24
$30.8M
$301.3M
Q3 24
$95.6M
$309.1M
Q2 24
$58.1M
$278.1M
Q1 24
$101.9M
$306.6M
Gross Margin
CNR
CNR
UTHR
UTHR
Q4 25
86.9%
Q3 25
87.4%
Q2 25
89.0%
Q1 25
88.4%
Q4 24
89.7%
Q3 24
88.9%
Q2 24
89.1%
Q1 24
89.2%
Operating Margin
CNR
CNR
UTHR
UTHR
Q4 25
-9.3%
45.1%
Q3 25
-1.2%
48.6%
Q2 25
-1.7%
45.6%
Q1 25
-5.3%
48.2%
Q4 24
6.6%
48.6%
Q3 24
21.2%
45.8%
Q2 24
14.6%
44.7%
Q1 24
22.7%
52.6%
Net Margin
CNR
CNR
UTHR
UTHR
Q4 25
-7.6%
46.1%
Q3 25
3.2%
42.4%
Q2 25
-3.3%
38.8%
Q1 25
-6.8%
40.6%
Q4 24
5.4%
40.9%
Q3 24
17.3%
41.3%
Q2 24
11.8%
38.9%
Q1 24
18.6%
45.2%
EPS (diluted)
CNR
CNR
UTHR
UTHR
Q4 25
$-1.51
$7.66
Q3 25
$0.61
$7.16
Q2 25
$-0.70
$6.41
Q1 25
$-1.38
$6.63
Q4 24
$1.04
$6.23
Q3 24
$3.22
$6.39
Q2 24
$1.96
$5.85
Q1 24
$3.39
$6.17

Balance Sheet & Financial Strength

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

Metric
CNR
CNR
UTHR
UTHR
Cash + ST InvestmentsLiquidity on hand
$432.2M
$2.9B
Total DebtLower is stronger
$354.2M
Stockholders' EquityBook value
$3.7B
$7.1B
Total Assets
$6.1B
$7.9B
Debt / EquityLower = less leverage
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNR
CNR
UTHR
UTHR
Q4 25
$432.2M
$2.9B
Q3 25
$444.7M
$2.8B
Q2 25
$413.2M
$3.0B
Q1 25
$388.5M
$3.3B
Q4 24
$460.2M
$3.3B
Q3 24
$331.7M
$3.3B
Q2 24
$216.1M
$3.0B
Q1 24
$172.6M
$2.7B
Total Debt
CNR
CNR
UTHR
UTHR
Q4 25
$354.2M
Q3 25
$334.5M
Q2 25
$334.0M
Q1 25
$329.8M
Q4 24
$94.8M
Q3 24
$83.7M
Q2 24
$184.9M
Q1 24
$185.5M
Stockholders' Equity
CNR
CNR
UTHR
UTHR
Q4 25
$3.7B
$7.1B
Q3 25
$3.8B
$6.6B
Q2 25
$3.8B
$7.2B
Q1 25
$3.9B
$6.8B
Q4 24
$1.6B
$6.4B
Q3 24
$1.5B
$6.1B
Q2 24
$1.4B
$5.7B
Q1 24
$1.4B
$5.3B
Total Assets
CNR
CNR
UTHR
UTHR
Q4 25
$6.1B
$7.9B
Q3 25
$6.2B
$7.4B
Q2 25
$6.2B
$7.9B
Q1 25
$6.3B
$7.7B
Q4 24
$2.9B
$7.4B
Q3 24
$2.8B
$7.1B
Q2 24
$2.7B
$6.7B
Q1 24
$2.7B
$6.5B
Debt / Equity
CNR
CNR
UTHR
UTHR
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
CNR
CNR
UTHR
UTHR
Operating Cash FlowLast quarter
$107.3M
$346.2M
Free Cash FlowOCF − Capex
$26.0M
$173.3M
FCF MarginFCF / Revenue
2.5%
21.9%
Capex IntensityCapex / Revenue
7.8%
21.9%
Cash ConversionOCF / Net Profit
0.95×
TTM Free Cash FlowTrailing 4 quarters
$21.2M
$1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNR
CNR
UTHR
UTHR
Q4 25
$107.3M
$346.2M
Q3 25
$87.9M
$562.1M
Q2 25
$220.2M
$191.7M
Q1 25
$-109.6M
$461.2M
Q4 24
$121.3M
$341.2M
Q3 24
$161.3M
$377.2M
Q2 24
$116.3M
$232.2M
Q1 24
$77.5M
$376.5M
Free Cash Flow
CNR
CNR
UTHR
UTHR
Q4 25
$26.0M
$173.3M
Q3 25
$38.6M
$351.6M
Q2 25
$131.0M
$129.5M
Q1 25
$-174.5M
$386.3M
Q4 24
$80.5M
$254.5M
Q3 24
$121.9M
$300.7M
Q2 24
$60.9M
$187.1M
Q1 24
$35.1M
$338.3M
FCF Margin
CNR
CNR
UTHR
UTHR
Q4 25
2.5%
21.9%
Q3 25
3.9%
44.0%
Q2 25
11.9%
16.2%
Q1 25
-17.1%
48.6%
Q4 24
14.0%
34.6%
Q3 24
22.0%
40.2%
Q2 24
12.4%
26.2%
Q1 24
6.4%
49.9%
Capex Intensity
CNR
CNR
UTHR
UTHR
Q4 25
7.8%
21.9%
Q3 25
4.9%
26.3%
Q2 25
8.1%
7.8%
Q1 25
6.4%
9.4%
Q4 24
7.1%
11.8%
Q3 24
7.1%
10.2%
Q2 24
11.3%
6.3%
Q1 24
7.7%
5.6%
Cash Conversion
CNR
CNR
UTHR
UTHR
Q4 25
0.95×
Q3 25
2.78×
1.66×
Q2 25
0.62×
Q1 25
1.43×
Q4 24
3.94×
1.13×
Q3 24
1.69×
1.22×
Q2 24
2.00×
0.83×
Q1 24
0.76×
1.23×

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%

UTHR
UTHR

Tyvaso DPI$338.6M43%
Remodulin$128.0M16%
Nebulized Tyvaso$125.7M16%
Orenitram$121.2M15%
Unituxin$62.3M8%
Adcirca$7.8M1%
Other$6.6M1%

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