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

Veralto is the larger business by last-quarter revenue ($1.4B vs $1.0B, roughly 1.4× Core Natural Resources, Inc.). Veralto runs the higher net margin — 17.9% vs -7.6%, a 25.4% gap on every dollar of revenue. On growth, Core Natural Resources, Inc. posted the faster year-over-year revenue change (81.8% vs 6.8%). Veralto produced more free cash flow last quarter ($170.0M vs $26.0M). Over the past eight quarters, Core Natural Resources, Inc.'s revenue compounded faster (38.1% CAGR vs 6.8%).

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.

Veralto Corporation is an American technology company headquartered in Waltham, Massachusetts. It produces products related to water analytics, water treatment, marking and coding, and packaging and color.

CNR vs VLTO — Head-to-Head

Bigger by revenue
VLTO
VLTO
1.4× larger
VLTO
$1.4B
$1.0B
CNR
Growing faster (revenue YoY)
CNR
CNR
+75.0% gap
CNR
81.8%
6.8%
VLTO
Higher net margin
VLTO
VLTO
25.4% more per $
VLTO
17.9%
-7.6%
CNR
More free cash flow
VLTO
VLTO
$144.0M more FCF
VLTO
$170.0M
$26.0M
CNR
Faster 2-yr revenue CAGR
CNR
CNR
Annualised
CNR
38.1%
6.8%
VLTO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CNR
CNR
VLTO
VLTO
Revenue
$1.0B
$1.4B
Net Profit
$-79.0M
$254.0M
Gross Margin
60.1%
Operating Margin
-9.3%
23.8%
Net Margin
-7.6%
17.9%
Revenue YoY
81.8%
6.8%
Net Profit YoY
-356.3%
12.9%
EPS (diluted)
$-1.51
$1.02

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
VLTO
VLTO
Q1 26
$1.4B
Q4 25
$1.0B
$1.4B
Q3 25
$1.0B
$1.4B
Q2 25
$1.1B
$1.3B
Q1 25
$1.0B
Q4 24
$573.6M
$1.3B
Q3 24
$553.4M
$1.3B
Q2 24
$490.7M
$1.3B
Net Profit
CNR
CNR
VLTO
VLTO
Q1 26
$254.0M
Q4 25
$-79.0M
$239.0M
Q3 25
$31.6M
$222.0M
Q2 25
$-36.6M
$225.0M
Q1 25
$-69.3M
Q4 24
$30.8M
$227.0M
Q3 24
$95.6M
$219.0M
Q2 24
$58.1M
$203.0M
Gross Margin
CNR
CNR
VLTO
VLTO
Q1 26
60.1%
Q4 25
60.1%
Q3 25
60.0%
Q2 25
60.4%
Q1 25
Q4 24
59.6%
Q3 24
59.6%
Q2 24
60.1%
Operating Margin
CNR
CNR
VLTO
VLTO
Q1 26
23.8%
Q4 25
-9.3%
23.2%
Q3 25
-1.2%
22.8%
Q2 25
-1.7%
24.2%
Q1 25
-5.3%
Q4 24
6.6%
22.9%
Q3 24
21.2%
23.4%
Q2 24
14.6%
23.2%
Net Margin
CNR
CNR
VLTO
VLTO
Q1 26
17.9%
Q4 25
-7.6%
17.0%
Q3 25
3.2%
16.2%
Q2 25
-3.3%
16.9%
Q1 25
-6.8%
Q4 24
5.4%
16.9%
Q3 24
17.3%
16.7%
Q2 24
11.8%
15.8%
EPS (diluted)
CNR
CNR
VLTO
VLTO
Q1 26
$1.02
Q4 25
$-1.51
$0.95
Q3 25
$0.61
$0.89
Q2 25
$-0.70
$0.90
Q1 25
$-1.38
Q4 24
$1.04
$0.91
Q3 24
$3.22
$0.88
Q2 24
$1.96
$0.81

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNR
CNR
VLTO
VLTO
Q1 26
Q4 25
$432.2M
$1.8B
Q3 25
$444.7M
$1.6B
Q2 25
$413.2M
$1.2B
Q1 25
$388.5M
Q4 24
$460.2M
$1.1B
Q3 24
$331.7M
$1.3B
Q2 24
$216.1M
$1.0B
Total Debt
CNR
CNR
VLTO
VLTO
Q1 26
Q4 25
$354.2M
$2.7B
Q3 25
$334.5M
$2.7B
Q2 25
$334.0M
$2.6B
Q1 25
$329.8M
Q4 24
$94.8M
$2.6B
Q3 24
$83.7M
$2.6B
Q2 24
$184.9M
$2.6B
Stockholders' Equity
CNR
CNR
VLTO
VLTO
Q1 26
Q4 25
$3.7B
$2.8B
Q3 25
$3.8B
$2.7B
Q2 25
$3.8B
$2.3B
Q1 25
$3.9B
Q4 24
$1.6B
$2.0B
Q3 24
$1.5B
$2.0B
Q2 24
$1.4B
$1.7B
Total Assets
CNR
CNR
VLTO
VLTO
Q1 26
Q4 25
$6.1B
$7.4B
Q3 25
$6.2B
$7.2B
Q2 25
$6.2B
$6.6B
Q1 25
$6.3B
Q4 24
$2.9B
$6.4B
Q3 24
$2.8B
$6.3B
Q2 24
$2.7B
$5.9B
Debt / Equity
CNR
CNR
VLTO
VLTO
Q1 26
Q4 25
0.10×
0.94×
Q3 25
0.09×
1.01×
Q2 25
0.09×
1.14×
Q1 25
0.08×
Q4 24
0.06×
1.28×
Q3 24
0.05×
1.35×
Q2 24
0.13×
1.57×

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
VLTO
VLTO
Operating Cash FlowLast quarter
$107.3M
$182.0M
Free Cash FlowOCF − Capex
$26.0M
$170.0M
FCF MarginFCF / Revenue
2.5%
12.0%
Capex IntensityCapex / Revenue
7.8%
0.8%
Cash ConversionOCF / Net Profit
0.72×
TTM Free Cash FlowTrailing 4 quarters
$21.2M
$893.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNR
CNR
VLTO
VLTO
Q1 26
$182.0M
Q4 25
$107.3M
$270.0M
Q3 25
$87.9M
$339.0M
Q2 25
$220.2M
$157.0M
Q1 25
$-109.6M
Q4 24
$121.3M
$285.0M
Q3 24
$161.3M
$224.0M
Q2 24
$116.3M
$251.0M
Free Cash Flow
CNR
CNR
VLTO
VLTO
Q1 26
$170.0M
Q4 25
$26.0M
$258.0M
Q3 25
$38.6M
$323.0M
Q2 25
$131.0M
$142.0M
Q1 25
$-174.5M
Q4 24
$80.5M
$263.0M
Q3 24
$121.9M
$215.0M
Q2 24
$60.9M
$240.0M
FCF Margin
CNR
CNR
VLTO
VLTO
Q1 26
12.0%
Q4 25
2.5%
18.4%
Q3 25
3.9%
23.6%
Q2 25
11.9%
10.7%
Q1 25
-17.1%
Q4 24
14.0%
19.6%
Q3 24
22.0%
16.4%
Q2 24
12.4%
18.6%
Capex Intensity
CNR
CNR
VLTO
VLTO
Q1 26
0.8%
Q4 25
7.8%
0.9%
Q3 25
4.9%
1.2%
Q2 25
8.1%
1.1%
Q1 25
6.4%
Q4 24
7.1%
1.6%
Q3 24
7.1%
0.7%
Q2 24
11.3%
0.9%
Cash Conversion
CNR
CNR
VLTO
VLTO
Q1 26
0.72×
Q4 25
1.13×
Q3 25
2.78×
1.53×
Q2 25
0.70×
Q1 25
Q4 24
3.94×
1.26×
Q3 24
1.69×
1.02×
Q2 24
2.00×
1.24×

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%

VLTO
VLTO

Segment breakdown not available.

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