CNX RESOURCES CORP (CNX) Fundamental Analysis & Valuation

NYSE:CNX • US12653C1080

42.38 USD
+0.47 (+1.12%)
At close: Mar 4, 2026
42.9 USD
+0.52 (+1.23%)
After Hours: 3/4/2026, 8:17:06 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 is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

7

1. CNX Profitability Analysis

1.1 Basic Checks

  • In the past year CNX was profitable.
  • 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.
  • CNX had a positive operating cash flow in each of the past 5 years.
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 75.36% of its industry peers.
  • CNX has a better Return On Equity (14.60%) than 75.85% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 7.71%, CNX is in the better half of the industry, outperforming 71.50% of the companies in the same industry.
  • CNX had an Average Return On Invested Capital over the past 3 years of 4.26%. This is significantly below the industry average of 22.19%.
  • 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 89.37% of its industry peers.
  • CNX has a better Operating Margin (39.79%) than 86.96% of its industry peers.
  • In the last couple of years the Operating Margin of CNX has declined.
  • CNX's Gross Margin of 71.60% is amongst the best of the industry. CNX outperforms 82.61% of its industry peers.
  • CNX's Gross Margin has improved in the last couple of years.
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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ROAROEROICOperating and Profit MarginShow most profitable peers

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.
  • 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 1.48. 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 1.48, CNX perfoms like the industry average, outperforming 54.59% of the companies in the same industry.
  • The Debt to FCF ratio of CNX is 4.59, which is a neutral value as it means it would take CNX, 4.59 years of fcf income to pay off all of its debts.
  • CNX's Debt to FCF ratio of 4.59 is fine compared to the rest of the industry. CNX outperforms 67.63% of its industry peers.
  • A Debt/Equity ratio of 0.52 indicates that CNX is somewhat dependend on debt financing.
  • CNX has a Debt to Equity ratio (0.52) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.52
Debt/FCF 4.59
Altman-Z 1.48
ROIC/WACC1
WACC7.74%
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

  • CNX has a Current 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.
  • CNX's Current ratio of 0.44 is on the low side compared to the rest of the industry. CNX is outperformed by 86.47% 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 worse Quick ratio (0.41) 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. CNX Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 40.78% over the past year.
  • CNX shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 20.55% yearly.
  • The Revenue has grown by 23.54% in the past year. This is a very strong growth!
  • Measured over the past years, CNX shows a quite strong growth in Revenue. The Revenue has been growing by 14.34% on average per year.
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

  • CNX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.05% yearly.
  • Based on estimates for the next years, CNX will show a small growth in Revenue. The Revenue will grow by 6.57% on average per year.
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

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past 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

5

4. CNX Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 16.82, CNX is valued correctly.
  • CNX's Price/Earnings ratio is in line with the industry average.
  • CNX is valuated rather cheaply when we compare the Price/Earnings ratio to 27.03, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 17.05, CNX is valued on the expensive side.
  • The rest of the industry has a similar Price/Forward Earnings ratio as CNX.
  • CNX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.11, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 16.82
Fwd PE 17.05
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.
  • 81.16% of the companies in the same industry are more expensive than CNX, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 11.3
EV/EBITDA 6.27
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.
  • A more expensive valuation may be justified as CNX's earnings are expected to grow with 15.05% in the coming years.
PEG (NY)N/A
PEG (5Y)0.82
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%

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 (3/4/2026, 8:17:06 PM)

After market: 42.9 +0.52 (+1.23%)

42.38

+0.47 (+1.12%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)01-29
Earnings (Next)04-22
Inst Owners103.12%
Inst Owner Change-1.57%
Ins Owners2.76%
Ins Owner Change0.74%
Market Cap6.03B
Revenue(TTM)1.96B
Net Income(TTM)633.16M
Analysts50.91
Price Target37.15 (-12.34%)
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 16.82
Fwd PE 17.05
P/S 3.08
P/FCF 11.3
P/OCF 5.87
P/B 1.39
P/tB 1.53
EV/EBITDA 6.27
EPS(TTM)2.52
EY5.95%
EPS(NY)2.49
Fwd EY5.86%
FCF(TTM)3.75
FCFY8.85%
OCF(TTM)7.23
OCFY17.05%
SpS13.76
BVpS30.46
TBVpS27.78
PEG (NY)N/A
PEG (5Y)0.82
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 1.48
F-Score8
WACC7.74%
ROIC/WACC1
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.