CNX RESOURCES CORP (CNX) Fundamental Analysis & Valuation

NYSE:CNX • US12653C1080

40.995 USD
+0.23 (+0.58%)
Last: Mar 12, 2026, 12:37 PM
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This CNX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

Overall CNX gets a fundamental rating of 5 out of 10. We evaluated CNX against 207 industry peers in the Oil, Gas & Consumable Fuels industry. CNX scores excellent on profitability, but there are concerns on its financial health. CNX has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

7

1. CNX Profitability Analysis

1.1 Basic Checks

  • CNX had positive earnings in the past year.
  • In the past year CNX had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: CNX reported negative net income in multiple years.
  • Each year in the past 5 years CNX had a positive operating cash flow.
CNX Yearly Net Income VS EBIT VS OCF VS FCFCNX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B

1.2 Ratios

  • The Return On Assets of CNX (6.96%) is better than 76.33% of its industry peers.
  • CNX has a better Return On Equity (14.60%) than 75.36% of its industry peers.
  • The Return On Invested Capital of CNX (7.71%) is better than 71.50% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for CNX is significantly below the industry average of 22.52%.
  • The last Return On Invested Capital (7.71%) for CNX is above the 3 year average (4.26%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 6.96%
ROE 14.6%
ROIC 7.71%
ROA(3y)8.62%
ROA(5y)3.6%
ROE(3y)17.28%
ROE(5y)6.71%
ROIC(3y)4.26%
ROIC(5y)10.76%
CNX Yearly ROA, ROE, ROICCNX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20

1.3 Margins

  • The Profit Margin of CNX (32.32%) is better than 88.41% of its industry peers.
  • CNX's Operating Margin of 39.79% is amongst the best of the industry. CNX outperforms 87.44% of its industry peers.
  • CNX's Operating Margin has declined in the last couple of years.
  • Looking at the Gross Margin, with a value of 71.60%, CNX belongs to the top of the industry, outperforming 83.09% of the companies in the same industry.
  • In the last couple of years the Gross Margin of CNX has grown nicely.
Industry RankSector Rank
OM 39.79%
PM (TTM) 32.32%
GM 71.6%
OM growth 3Y-16.18%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.66%
GM growth 5Y5.42%
CNX Yearly Profit, Operating, Gross MarginsCNX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 100 -100

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3

2. CNX Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CNX is destroying value.
  • CNX has less shares outstanding than it did 1 year ago.
  • CNX has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, CNX has a worse debt to assets ratio.
CNX Yearly Shares OutstandingCNX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
CNX Yearly Total Debt VS Total AssetsCNX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • CNX has an Altman-Z score of 1.45. This is a bad value and indicates that CNX is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of 1.45, CNX perfoms like the industry average, outperforming 54.11% of the companies in the same industry.
  • CNX has a debt to FCF ratio of 4.59. This is a neutral value as CNX would need 4.59 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 4.59, CNX is in the better half of the industry, outperforming 69.08% of the companies in the same industry.
  • CNX has a Debt/Equity ratio of 0.52. This is a neutral value indicating CNX is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.52, CNX is in line with its industry, outperforming 48.31% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.52
Debt/FCF 4.59
Altman-Z 1.45
ROIC/WACC0.99
WACC7.78%
CNX Yearly LT Debt VS Equity VS FCFCNX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 0.44 indicates that CNX may have some problems paying its short term obligations.
  • CNX has a Current ratio of 0.44. This is amonst the worse of the industry: CNX underperforms 87.44% of its industry peers.
  • A Quick Ratio of 0.41 indicates that CNX may have some problems paying its short term obligations.
  • CNX has a Quick ratio of 0.41. This is amonst the worse of the industry: CNX underperforms 86.47% of its industry peers.
Industry RankSector Rank
Current Ratio 0.44
Quick Ratio 0.41
CNX Yearly Current Assets VS Current LiabilitesCNX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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6

3. CNX Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 40.78% over the past year.
  • Measured over the past years, CNX shows a very strong growth in Earnings Per Share. The EPS has been growing by 20.55% on average per year.
  • CNX shows a strong growth in Revenue. In the last year, the Revenue has grown by 23.54%.
  • CNX shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.34% yearly.
EPS 1Y (TTM)40.78%
EPS 3Y0.13%
EPS 5Y20.55%
EPS Q2Q%17.54%
Revenue 1Y (TTM)23.54%
Revenue growth 3Y-20.08%
Revenue growth 5Y14.34%
Sales Q2Q%346.99%

3.2 Future

  • The Earnings Per Share is expected to grow by 16.87% on average over the next years. This is quite good.
  • Based on estimates for the next years, CNX will show a small growth in Revenue. The Revenue will grow by 6.92% on average per year.
EPS Next Y6.21%
EPS Next 2Y27.57%
EPS Next 3Y16.87%
EPS Next 5YN/A
Revenue Next Year4.02%
Revenue Next 2Y6.92%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
CNX Yearly Revenue VS EstimatesCNX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1B 2B 3B
CNX Yearly EPS VS EstimatesCNX Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 1 2 3 4

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Find the best growth stocksShow best growing peers

6

4. CNX Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 16.27, which indicates a correct valuation of CNX.
  • Based on the Price/Earnings ratio, CNX is valued a bit cheaper than 60.87% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of CNX to the average of the S&P500 Index (26.15), we can say CNX is valued slightly cheaper.
  • Based on the Price/Forward Earnings ratio of 15.32, the valuation of CNX can be described as correct.
  • Based on the Price/Forward Earnings ratio, CNX is valued a bit cheaper than the industry average as 62.32% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of CNX to the average of the S&P500 Index (24.27), we can say CNX is valued slightly cheaper.
Industry RankSector Rank
PE 16.27
Fwd PE 15.32
CNX Price Earnings VS Forward Price EarningsCNX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, CNX is valued a bit cheaper than 74.88% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of CNX indicates a rather cheap valuation: CNX is cheaper than 81.64% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 10.93
EV/EBITDA 6.1
CNX Per share dataCNX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • CNX has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as CNX's earnings are expected to grow with 16.87% in the coming years.
PEG (NY)2.62
PEG (5Y)0.79
EPS Next 2Y27.57%
EPS Next 3Y16.87%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. CNX Dividend Analysis

5.1 Amount

  • CNX does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

CNX Fundamentals: All Metrics, Ratios and Statistics

CNX RESOURCES CORP

NYSE:CNX (3/12/2026, 12:37:32 PM)

40.995

+0.23 (+0.58%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)01-29
Earnings (Next)04-22
Inst Owners95.44%
Inst Owner Change-1.61%
Ins Owners2.73%
Ins Owner Change0.74%
Market Cap5.84B
Revenue(TTM)1.96B
Net Income(TTM)633.16M
Analysts50.48
Price Target37.15 (-9.38%)
Short Float %14.1%
Short Ratio8.06
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)71.19%
Min EPS beat(2)47.59%
Max EPS beat(2)94.78%
EPS beat(4)4
Avg EPS beat(4)48.36%
Min EPS beat(4)20.86%
Max EPS beat(4)94.78%
EPS beat(8)8
Avg EPS beat(8)38.57%
EPS beat(12)11
Avg EPS beat(12)37.6%
EPS beat(16)13
Avg EPS beat(16)29.79%
Revenue beat(2)2
Avg Revenue beat(2)33.45%
Min Revenue beat(2)26.28%
Max Revenue beat(2)40.63%
Revenue beat(4)3
Avg Revenue beat(4)21.7%
Min Revenue beat(4)-84.24%
Max Revenue beat(4)104.15%
Revenue beat(8)4
Avg Revenue beat(8)-1.05%
Revenue beat(12)7
Avg Revenue beat(12)34.05%
Revenue beat(16)11
Avg Revenue beat(16)45.92%
PT rev (1m)0.94%
PT rev (3m)8.02%
EPS NQ rev (1m)14.13%
EPS NQ rev (3m)13.34%
EPS NY rev (1m)7.71%
EPS NY rev (3m)4.26%
Revenue NQ rev (1m)0.63%
Revenue NQ rev (3m)1.91%
Revenue NY rev (1m)1.37%
Revenue NY rev (3m)0.19%
Valuation
Industry RankSector Rank
PE 16.27
Fwd PE 15.32
P/S 2.98
P/FCF 10.93
P/OCF 5.67
P/B 1.35
P/tB 1.48
EV/EBITDA 6.1
EPS(TTM)2.52
EY6.15%
EPS(NY)2.68
Fwd EY6.53%
FCF(TTM)3.75
FCFY9.15%
OCF(TTM)7.23
OCFY17.63%
SpS13.76
BVpS30.46
TBVpS27.79
PEG (NY)2.62
PEG (5Y)0.79
Graham Number41.56
Profitability
Industry RankSector Rank
ROA 6.96%
ROE 14.6%
ROCE 9.78%
ROIC 7.71%
ROICexc 7.71%
ROICexgc 8.1%
OM 39.79%
PM (TTM) 32.32%
GM 71.6%
FCFM 27.26%
ROA(3y)8.62%
ROA(5y)3.6%
ROE(3y)17.28%
ROE(5y)6.71%
ROIC(3y)4.26%
ROIC(5y)10.76%
ROICexc(3y)4.27%
ROICexc(5y)10.78%
ROICexgc(3y)4.49%
ROICexgc(5y)11.4%
ROCE(3y)5.41%
ROCE(5y)13.64%
ROICexgc growth 3Y-35.48%
ROICexgc growth 5YN/A
ROICexc growth 3Y-35.29%
ROICexc growth 5YN/A
OM growth 3Y-16.18%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.66%
GM growth 5Y5.42%
F-Score8
Asset Turnover0.22
Health
Industry RankSector Rank
Debt/Equity 0.52
Debt/FCF 4.59
Debt/EBITDA 1.65
Cap/Depr 86.22%
Cap/Sales 25.27%
Interest Coverage 5.04
Cash Conversion 76.01%
Profit Quality 84.33%
Current Ratio 0.44
Quick Ratio 0.41
Altman-Z 1.45
F-Score8
WACC7.78%
ROIC/WACC0.99
Cap/Depr(3y)118.05%
Cap/Depr(5y)113.45%
Cap/Sales(3y)39.34%
Cap/Sales(5y)30.63%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)40.78%
EPS 3Y0.13%
EPS 5Y20.55%
EPS Q2Q%17.54%
EPS Next Y6.21%
EPS Next 2Y27.57%
EPS Next 3Y16.87%
EPS Next 5YN/A
Revenue 1Y (TTM)23.54%
Revenue growth 3Y-20.08%
Revenue growth 5Y14.34%
Sales Q2Q%346.99%
Revenue Next Year4.02%
Revenue Next 2Y6.92%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y253.48%
EBIT growth 3Y-33.01%
EBIT growth 5YN/A
EBIT Next Year107.73%
EBIT Next 3Y34.18%
EBIT Next 5YN/A
FCF growth 1Y93.86%
FCF growth 3Y-7.25%
FCF growth 5Y11.65%
OCF growth 1Y26.13%
OCF growth 3Y-5.9%
OCF growth 5Y5.29%

CNX RESOURCES CORP / CNX FAQ

What is the ChartMill fundamental rating of CNX RESOURCES CORP (CNX) stock?

ChartMill assigns a fundamental rating of 5 / 10 to CNX.


Can you provide the valuation status for CNX RESOURCES CORP?

ChartMill assigns a valuation rating of 6 / 10 to CNX RESOURCES CORP (CNX). This can be considered as Fairly Valued.


Can you provide the profitability details for CNX RESOURCES CORP?

CNX RESOURCES CORP (CNX) has a profitability rating of 7 / 10.


What is the financial health of CNX RESOURCES CORP (CNX) stock?

The financial health rating of CNX RESOURCES CORP (CNX) is 3 / 10.


What is the expected EPS growth for CNX RESOURCES CORP (CNX) stock?

The Earnings per Share (EPS) of CNX RESOURCES CORP (CNX) is expected to grow by 6.21% in the next year.