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Side-by-side financial comparison of Core Natural Resources, Inc. (CNR) and WillScot Holdings Corp (WSC). 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 $566.0M, roughly 1.8× WillScot Holdings Corp). Core Natural Resources, Inc. runs the higher net margin — -7.6% vs -33.1%, a 25.5% gap on every dollar of revenue. On growth, Core Natural Resources, Inc. posted the faster year-over-year revenue change (81.8% vs -6.1%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $26.0M). Over the past eight quarters, Core Natural Resources, Inc.'s revenue compounded faster (38.1% CAGR vs -1.8%).

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.

WillScot Holdings Corp is a leading provider of modular space solutions and portable storage services across North America. It serves a wide range of sectors including construction, commercial development, education, healthcare, government projects, and special events, offering flexible, scalable temporary and semi-permanent space solutions tailored to diverse client needs.

CNR vs WSC — Head-to-Head

Bigger by revenue
CNR
CNR
1.8× larger
CNR
$1.0B
$566.0M
WSC
Growing faster (revenue YoY)
CNR
CNR
+87.8% gap
CNR
81.8%
-6.1%
WSC
Higher net margin
CNR
CNR
25.5% more per $
CNR
-7.6%
-33.1%
WSC
More free cash flow
WSC
WSC
$123.7M more FCF
WSC
$149.7M
$26.0M
CNR
Faster 2-yr revenue CAGR
CNR
CNR
Annualised
CNR
38.1%
-1.8%
WSC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CNR
CNR
WSC
WSC
Revenue
$1.0B
$566.0M
Net Profit
$-79.0M
$-187.3M
Gross Margin
50.4%
Operating Margin
-9.3%
-32.5%
Net Margin
-7.6%
-33.1%
Revenue YoY
81.8%
-6.1%
Net Profit YoY
-356.3%
-310.0%
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
WSC
WSC
Q4 25
$1.0B
$566.0M
Q3 25
$1.0B
$566.8M
Q2 25
$1.1B
$589.1M
Q1 25
$1.0B
$559.6M
Q4 24
$573.6M
$602.5M
Q3 24
$553.4M
$601.4M
Q2 24
$490.7M
$604.6M
Q1 24
$546.7M
$587.2M
Net Profit
CNR
CNR
WSC
WSC
Q4 25
$-79.0M
$-187.3M
Q3 25
$31.6M
$43.3M
Q2 25
$-36.6M
$47.9M
Q1 25
$-69.3M
$43.1M
Q4 24
$30.8M
$89.2M
Q3 24
$95.6M
$-70.5M
Q2 24
$58.1M
$-46.9M
Q1 24
$101.9M
$56.2M
Gross Margin
CNR
CNR
WSC
WSC
Q4 25
50.4%
Q3 25
49.7%
Q2 25
50.3%
Q1 25
53.7%
Q4 24
55.8%
Q3 24
53.5%
Q2 24
54.1%
Q1 24
54.0%
Operating Margin
CNR
CNR
WSC
WSC
Q4 25
-9.3%
-32.5%
Q3 25
-1.2%
21.0%
Q2 25
-1.7%
21.5%
Q1 25
-5.3%
21.3%
Q4 24
6.6%
28.9%
Q3 24
21.2%
-5.9%
Q2 24
14.6%
-0.9%
Q1 24
22.7%
22.1%
Net Margin
CNR
CNR
WSC
WSC
Q4 25
-7.6%
-33.1%
Q3 25
3.2%
7.6%
Q2 25
-3.3%
8.1%
Q1 25
-6.8%
7.7%
Q4 24
5.4%
14.8%
Q3 24
17.3%
-11.7%
Q2 24
11.8%
-7.7%
Q1 24
18.6%
9.6%
EPS (diluted)
CNR
CNR
WSC
WSC
Q4 25
$-1.51
$-1.02
Q3 25
$0.61
$0.24
Q2 25
$-0.70
$0.26
Q1 25
$-1.38
$0.23
Q4 24
$1.04
$0.48
Q3 24
$3.22
$-0.37
Q2 24
$1.96
$-0.25
Q1 24
$3.39
$0.29

Balance Sheet & Financial Strength

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

Metric
CNR
CNR
WSC
WSC
Cash + ST InvestmentsLiquidity on hand
$432.2M
$14.6M
Total DebtLower is stronger
$354.2M
$3.6B
Stockholders' EquityBook value
$3.7B
$856.3M
Total Assets
$6.1B
$5.8B
Debt / EquityLower = less leverage
0.10×
4.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNR
CNR
WSC
WSC
Q4 25
$432.2M
$14.6M
Q3 25
$444.7M
$14.8M
Q2 25
$413.2M
$12.8M
Q1 25
$388.5M
$10.7M
Q4 24
$460.2M
$9.0M
Q3 24
$331.7M
$11.0M
Q2 24
$216.1M
$5.9M
Q1 24
$172.6M
$13.1M
Total Debt
CNR
CNR
WSC
WSC
Q4 25
$354.2M
$3.6B
Q3 25
$334.5M
$3.6B
Q2 25
$334.0M
$3.7B
Q1 25
$329.8M
$3.6B
Q4 24
$94.8M
$3.7B
Q3 24
$83.7M
$3.6B
Q2 24
$184.9M
$3.5B
Q1 24
$185.5M
$3.5B
Stockholders' Equity
CNR
CNR
WSC
WSC
Q4 25
$3.7B
$856.3M
Q3 25
$3.8B
$1.1B
Q2 25
$3.8B
$1.0B
Q1 25
$3.9B
$1.0B
Q4 24
$1.6B
$1.0B
Q3 24
$1.5B
$1.1B
Q2 24
$1.4B
$1.2B
Q1 24
$1.4B
$1.3B
Total Assets
CNR
CNR
WSC
WSC
Q4 25
$6.1B
$5.8B
Q3 25
$6.2B
$6.1B
Q2 25
$6.2B
$6.1B
Q1 25
$6.3B
$6.0B
Q4 24
$2.9B
$6.0B
Q3 24
$2.8B
$6.0B
Q2 24
$2.7B
$6.0B
Q1 24
$2.7B
$6.2B
Debt / Equity
CNR
CNR
WSC
WSC
Q4 25
0.10×
4.15×
Q3 25
0.09×
3.39×
Q2 25
0.09×
3.55×
Q1 25
0.08×
3.56×
Q4 24
0.06×
3.62×
Q3 24
0.05×
3.42×
Q2 24
0.13×
2.88×
Q1 24
0.13×
2.63×

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
WSC
WSC
Operating Cash FlowLast quarter
$107.3M
$158.9M
Free Cash FlowOCF − Capex
$26.0M
$149.7M
FCF MarginFCF / Revenue
2.5%
26.5%
Capex IntensityCapex / Revenue
7.8%
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$21.2M
$737.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNR
CNR
WSC
WSC
Q4 25
$107.3M
$158.9M
Q3 25
$87.9M
$191.2M
Q2 25
$220.2M
$205.3M
Q1 25
$-109.6M
$206.6M
Q4 24
$121.3M
$178.9M
Q3 24
$161.3M
$-1.6M
Q2 24
$116.3M
$175.6M
Q1 24
$77.5M
$208.7M
Free Cash Flow
CNR
CNR
WSC
WSC
Q4 25
$26.0M
$149.7M
Q3 25
$38.6M
$186.9M
Q2 25
$131.0M
$199.0M
Q1 25
$-174.5M
$202.0M
Q4 24
$80.5M
$176.6M
Q3 24
$121.9M
$-4.9M
Q2 24
$60.9M
$169.4M
Q1 24
$35.1M
$202.1M
FCF Margin
CNR
CNR
WSC
WSC
Q4 25
2.5%
26.5%
Q3 25
3.9%
33.0%
Q2 25
11.9%
33.8%
Q1 25
-17.1%
36.1%
Q4 24
14.0%
29.3%
Q3 24
22.0%
-0.8%
Q2 24
12.4%
28.0%
Q1 24
6.4%
34.4%
Capex Intensity
CNR
CNR
WSC
WSC
Q4 25
7.8%
1.6%
Q3 25
4.9%
0.7%
Q2 25
8.1%
1.1%
Q1 25
6.4%
0.8%
Q4 24
7.1%
0.4%
Q3 24
7.1%
0.6%
Q2 24
11.3%
1.0%
Q1 24
7.7%
1.1%
Cash Conversion
CNR
CNR
WSC
WSC
Q4 25
Q3 25
2.78×
4.41×
Q2 25
4.28×
Q1 25
4.80×
Q4 24
3.94×
2.01×
Q3 24
1.69×
Q2 24
2.00×
Q1 24
0.76×
3.71×

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%

WSC
WSC

Modular Space Leasing$249.8M44%
Value Added Product And Services$101.0M18%
Portable Storage Leasing$83.0M15%
Delivery Revenue$48.2M9%
Installation Revenue$45.0M8%
Rental Units$19.7M3%
New Units$15.5M3%
Value Added Services$10.3M2%
Other Leasing Related Products And Services$3.8M1%

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