CNX RESOURCES CORP (CNX) Fundamental Analysis & Valuation

NYSE:CNX • US12653C1080

41.49 USD
-1.12 (-2.63%)
At close: Mar 6, 2026
41.49 USD
0 (0%)
After Hours: 3/6/2026, 8:09:22 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This CNX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to CNX. CNX was compared to 207 industry peers in the Oil, Gas & Consumable Fuels industry. CNX has an excellent profitability rating, but there are concerns on its financial health. CNX has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

7

1. CNX Profitability Analysis

1.1 Basic Checks

  • In the past year CNX was profitable.
  • CNX had a positive operating cash flow in the past year.
  • In multiple years CNX reported negative net income over the last 5 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

  • CNX's Return On Assets of 6.96% is fine compared to the rest of the industry. CNX outperforms 75.36% of its industry peers.
  • CNX has a better Return On Equity (14.60%) than 76.33% of its industry peers.
  • With a decent Return On Invested Capital value of 7.71%, CNX is doing good in the industry, outperforming 71.50% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for CNX is significantly below the industry average of 22.17%.
  • 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

  • CNX has a better Profit Margin (32.32%) than 89.37% of its industry peers.
  • The Operating Margin of CNX (39.79%) is better than 87.44% of its industry peers.
  • CNX's Operating Margin has declined in the last couple of years.
  • The Gross Margin of CNX (71.60%) is better than 83.09% of its industry peers.
  • 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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CNX is destroying value.
  • Compared to 1 year ago, CNX has less shares outstanding
  • The number of shares outstanding for CNX has been reduced compared to 5 years ago.
  • CNX has a worse debt/assets ratio than last year.
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 1.49. This is a bad value and indicates that CNX is not financially healthy and even has some risk of bankruptcy.
  • CNX has a Altman-Z score (1.49) which is comparable to the rest of the 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.
  • CNX has a Debt to FCF ratio of 4.59. This is in the better half of the industry: CNX outperforms 68.12% of its industry peers.
  • A Debt/Equity ratio of 0.52 indicates that CNX is somewhat dependend on debt financing.
  • The Debt to Equity ratio of CNX (0.52) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.52
Debt/FCF 4.59
Altman-Z 1.49
ROIC/WACC0.99
WACC7.79%
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 86.47% of its industry peers.
  • CNX has a Quick Ratio of 0.44. This is a bad value and indicates that CNX is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Quick ratio of CNX (0.41) is worse than 85.99% 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

  • CNX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 40.78%, which is quite impressive.
  • 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.
  • The Revenue has grown by 23.54% in the past year. This is a very strong growth!
  • The Revenue has been growing by 14.34% on average over the past years. This is quite good.
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 15.05% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 6.57% on average over the next years.
EPS Next Y-1.39%
EPS Next 2Y28.27%
EPS Next 3Y15.05%
EPS Next 5YN/A
Revenue Next Year3.77%
Revenue Next 2Y6.57%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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

5

4. CNX Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 16.46, which indicates a correct valuation of CNX.
  • Compared to the rest of the industry, the Price/Earnings ratio of CNX is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Earnings ratio of 26.29, CNX is valued a bit cheaper.
  • The Price/Forward Earnings ratio is 16.70, which indicates a correct valuation of CNX.
  • 60.39% of the companies in the same industry are more expensive than CNX, based on the Price/Forward Earnings ratio.
  • CNX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.57, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 16.46
Fwd PE 16.7
CNX Price Earnings VS Forward Price EarningsCNX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • CNX's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CNX is cheaper than 73.43% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, CNX is valued cheaper than 81.64% of the companies in the same industry.
Industry RankSector Rank
P/FCF 11.06
EV/EBITDA 6.29
CNX Per share dataCNX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • CNX has a very decent profitability rating, which may justify a higher PE ratio.
  • CNX's earnings are expected to grow with 15.05% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)0.8
EPS Next 2Y28.27%
EPS Next 3Y15.05%

More info and screens

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

0

5. CNX Dividend Analysis

5.1 Amount

  • No dividends for CNX!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

CNX Fundamentals: All Metrics, Ratios and Statistics

CNX RESOURCES CORP

NYSE:CNX (3/6/2026, 8:09:22 PM)

After market: 41.49 0 (0%)

41.49

-1.12 (-2.63%)

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-1.57%
Ins Owners2.73%
Ins Owner Change0.74%
Market Cap5.91B
Revenue(TTM)1.96B
Net Income(TTM)633.16M
Analysts50.48
Price Target37.15 (-10.46%)
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)4.9%
PT rev (3m)13.05%
EPS NQ rev (1m)18.3%
EPS NQ rev (3m)15.68%
EPS NY rev (1m)2.38%
EPS NY rev (3m)-1.67%
Revenue NQ rev (1m)3.4%
Revenue NQ rev (3m)0.46%
Revenue NY rev (1m)2.33%
Revenue NY rev (3m)1.97%
Valuation
Industry RankSector Rank
PE 16.46
Fwd PE 16.7
P/S 3.02
P/FCF 11.06
P/OCF 5.74
P/B 1.36
P/tB 1.49
EV/EBITDA 6.29
EPS(TTM)2.52
EY6.07%
EPS(NY)2.49
Fwd EY5.99%
FCF(TTM)3.75
FCFY9.04%
OCF(TTM)7.23
OCFY17.42%
SpS13.76
BVpS30.46
TBVpS27.78
PEG (NY)N/A
PEG (5Y)0.8
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 1.49
F-Score8
WACC7.79%
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 Y-1.39%
EPS Next 2Y28.27%
EPS Next 3Y15.05%
EPS Next 5YN/A
Revenue 1Y (TTM)23.54%
Revenue growth 3Y-20.08%
Revenue growth 5Y14.34%
Sales Q2Q%346.99%
Revenue Next Year3.77%
Revenue Next 2Y6.57%
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 3Y33.79%
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 5 / 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 decline by -1.39% in the next year.