Cnx Res Corp Financials
This page shows Cnx Res Corp (CNX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Operating cash flow stays sturdier than reported profit, funding a reinvestment-heavy business that carries little idle cash.
From FY2024 to FY2025, net income moved from-$90M to$633M , but operating cash flow stayed strong in both years. That gap points to a steadier cash engine than the income statement suggests, and FY2025 free cash flow of$534M shows a large share of cash still gets absorbed by sustaining investment.
Liquidity is deliberately thin: FY2025 ended with just
Free cash flow is being actively redirected rather than stockpiled: FY2025 buybacks of
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Cnx Res Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Cnx Res Corp's revenue surged 76.8% year-over-year to $2.2B, reflecting rapid business expansion. This strong growth earns a score of 1/100.
Cnx Res Corp carries a low D/E ratio of 0.51, meaning only $0.51 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 92/100, indicating a strong balance sheet with room for future borrowing.
Cnx Res Corp's current ratio of 0.44 is below the typical benchmark, resulting in a score of 3/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Cnx Res Corp converts 23.8% of revenue into free cash flow ($534.0M). This strong cash generation earns a score of 73/100.
Cnx Res Corp's ROE of 14.6% shows moderate profitability relative to equity, earning a score of 43/100. This is up from -2.2% the prior year.
Cnx Res Corp passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Cnx Res Corp generates $1.63 in operating cash flow ($1.0B OCF vs $633.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Cnx Res Corp generated $2.2B in revenue in fiscal year 2025. This represents an increase of 76.8% from the prior year.
Cnx Res Corp reported $633.2M in net income in fiscal year 2025. This represents an increase of 799.7% from the prior year.
Cnx Res Corp earned $3.98 per diluted share (EPS) in fiscal year 2025. This represents an increase of 763.3% from the prior year.
Cash & Balance Sheet
Cnx Res Corp generated $534.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 93.9% from the prior year.
Cnx Res Corp held $779K in cash against $2.2B in long-term debt as of fiscal year 2025.
Cnx Res Corp paid $0.00 per share in dividends in fiscal year 2025.
Cnx Res Corp had 142M shares outstanding in fiscal year 2025. This represents a decrease of 4.3% from the prior year.
Margins & Returns
Cnx Res Corp's net profit margin was 28.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 35.4 percentage points from the prior year.
Cnx Res Corp's ROE was 14.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 16.8 percentage points from the prior year.
Capital Allocation
Cnx Res Corp spent $523.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 184.2% from the prior year.
Cnx Res Corp invested $495.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 8.4% from the prior year.
CNX Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $786.7M+28.9% | $610.5M+4.6% | $583.8M-39.3% | $962.4M+1068.2% | $82.4M-39.7% | $136.6M-67.8% | $424.2M+32.0% | $321.4M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $40.5M-3.6% | $42.0M-2.3% | $43.0M-2.4% | $44.0M+5.8% | $41.6M+13.7% | $36.6M-3.5% | $37.9M-1.8% | $38.6M |
| Income Tax | $80.3M+185.1% | $28.2M-55.7% | $63.6M-58.5% | $153.1M+303.9% | -$75.1M-52.1% | -$49.4M-390.1% | $17.0M+464.0% | $3.0M |
| Net Income | $348.1M+77.4% | $196.3M-2.9% | $202.1M-53.3% | $432.5M+318.8% | -$197.7M-36.7% | -$144.6M-320.7% | $65.5M+458.9% | -$18.3M |
| EPS (Diluted) | $2.18 | N/A | $1.21-52.2% | $2.53+288.8% | $-1.34 | N/A | $0.37+408.3% | $-0.12 |
CNX Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.1B+0.4% | $9.1B+2.1% | $8.9B-0.9% | $9.0B-0.7% | $9.0B+6.3% | $8.5B-0.3% | $8.5B-0.8% | $8.6B |
| Current Assets | $458.3M-6.5% | $490.3M+35.9% | $360.9M-8.5% | $394.2M-7.3% | $425.4M+14.8% | $370.6M+11.3% | $332.9M-9.7% | $368.5M |
| Cash & Equivalents | $3.7M+381.1% | $779K-83.5% | $4.7M+39.6% | $3.4M+29.7% | $2.6M-84.8% | $17.2M+1212.8% | $1.3M-66.6% | $3.9M |
| Inventory | $30.1M+14.9% | $26.2M-15.0% | $30.8M-21.6% | $39.3M+42.5% | $27.6M+89.3% | $14.6M+12.4% | $13.0M-10.6% | $14.5M |
| Accounts Receivable | $209.5M-20.8% | $264.7M+87.3% | $141.3M-21.6% | $180.2M-27.0% | $246.8M+37.4% | $179.5M+76.4% | $101.8M-5.8% | $108.1M |
| Goodwill | $323.3M0.0% | $323.3M0.0% | $323.3M0.0% | $323.3M0.0% | $323.3M0.0% | $323.3M0.0% | $323.3M0.0% | $323.3M |
| Total Liabilities | $4.5B-5.3% | $4.8B-0.6% | $4.8B-2.2% | $4.9B-7.2% | $5.3B+19.5% | $4.4B+3.1% | $4.3B-1.6% | $4.4B |
| Current Liabilities | $927.7M-17.5% | $1.1B+5.5% | $1.1B-11.1% | $1.2B-24.3% | $1.6B+41.0% | $1.1B+25.7% | $892.7M-0.1% | $893.4M |
| Long-Term Debt | $2.2B-2.5% | $2.2B-1.5% | $2.2B-1.7% | $2.3B-2.8% | $2.4B+28.0% | $1.8B-6.1% | $2.0B+0.1% | $2.0B |
| Total Equity | $4.6B+6.7% | $4.3B+5.4% | $4.1B+0.6% | $4.1B+8.5% | $3.8B-8.0% | $4.1B-3.7% | $4.3B+0.1% | $4.3B |
| Retained Earnings | $2.3B+14.6% | $2.0B+6.4% | $1.9B+3.8% | $1.8B+23.9% | $1.5B-17.3% | $1.8B-8.4% | $1.9B+1.1% | $1.9B |
CNX Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $277.5M-6.6% | $297.0M+27.1% | $233.8M-17.3% | $282.5M+31.0% | $215.7M-19.8% | $268.8M+58.0% | $170.2M-11.3% | $191.8M |
| Capital Expenditures | $169.9M-2.6% | $174.4M+130.9% | $75.5M-33.5% | $113.6M-13.6% | $131.5M+24.6% | $105.5M-8.1% | $114.7M-24.5% | $151.9M |
| Free Cash Flow | $107.6M-12.3% | $122.6M-22.5% | $158.2M-6.3% | $168.9M+100.6% | $84.2M-48.4% | $163.3M+194.7% | $55.4M+39.1% | $39.8M |
| Investing Cash Flow | -$148.3M+9.9% | -$164.6M-2024.4% | -$7.8M+91.8% | -$94.9M+85.0% | -$633.6M-802.3% | -$70.2M+36.2% | -$110.0M+23.9% | -$144.5M |
| Financing Cash Flow | -$136.5M-0.2% | -$136.3M+39.3% | -$224.6M-21.7% | -$184.6M-149.1% | $375.8M+359.5% | -$144.8M-130.9% | -$62.7M-38.5% | -$45.3M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $54.0M-46.1% | $100.3M-45.0% | $182.4M+57.6% | $115.7M-7.5% | $125.1M+400.4% | $25.0M-60.3% | $63.0M+41.9% | $44.4M |
CNX Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 44.3%+12.1pp | 32.1%-2.5pp | 34.6%-10.3pp | 44.9%+284.9pp | -240.0%-134.1pp | -105.9%-121.3pp | 15.4%+21.1pp | -5.7% |
| Return on Equity | 7.5%+3.0pp | 4.5%-0.4pp | 4.9%-5.7pp | 10.6%+15.8pp | -5.2%-1.7pp | -3.5%-5.1pp | 1.5%+2.0pp | -0.4% |
| Return on Assets | 3.8%+1.7pp | 2.2%-0.1pp | 2.3%-2.5pp | 4.8%+7.0pp | -2.2%-0.5pp | -1.7%-2.5pp | 0.8%+1.0pp | -0.2% |
| Current Ratio | 0.49+0.1 | 0.44+0.1 | 0.340.0 | 0.33+0.1 | 0.27-0.1 | 0.33-0.0 | 0.37-0.0 | 0.41 |
| Debt-to-Equity | 0.47-0.0 | 0.51-0.0 | 0.55-0.0 | 0.56-0.1 | 0.62+0.2 | 0.45-0.0 | 0.460.0 | 0.46 |
| FCF Margin | 13.7%-6.4pp | 20.1%-7.0pp | 27.1%+9.6pp | 17.5%-84.6pp | 102.2%-17.4pp | 119.6%+106.5pp | 13.1%+0.7pp | 12.4% |
Note: The current ratio is below 1.0 (0.44), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Cnx Res Corp's annual revenue?
Cnx Res Corp (CNX) reported $2.2B in total revenue for fiscal year 2025. This represents a 76.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Cnx Res Corp's revenue growing?
Cnx Res Corp (CNX) revenue grew by 76.8% year-over-year, from $1.3B to $2.2B in fiscal year 2025.
Is Cnx Res Corp profitable?
Yes, Cnx Res Corp (CNX) reported a net income of $633.2M in fiscal year 2025, with a net profit margin of 28.3%.
How much debt does Cnx Res Corp have?
As of fiscal year 2025, Cnx Res Corp (CNX) had $779K in cash and equivalents against $2.2B in long-term debt.
What is Cnx Res Corp's net profit margin?
Cnx Res Corp (CNX) had a net profit margin of 28.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Cnx Res Corp's return on equity (ROE)?
Cnx Res Corp (CNX) has a return on equity of 14.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Cnx Res Corp's free cash flow?
Cnx Res Corp (CNX) generated $534.0M in free cash flow during fiscal year 2025. This represents a 93.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Cnx Res Corp's operating cash flow?
Cnx Res Corp (CNX) generated $1.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Cnx Res Corp's total assets?
Cnx Res Corp (CNX) had $9.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Cnx Res Corp's capital expenditures?
Cnx Res Corp (CNX) invested $495.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Cnx Res Corp's current ratio?
Cnx Res Corp (CNX) had a current ratio of 0.44 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Cnx Res Corp's debt-to-equity ratio?
Cnx Res Corp (CNX) had a debt-to-equity ratio of 0.51 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Cnx Res Corp's return on assets (ROA)?
Cnx Res Corp (CNX) had a return on assets of 7.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Cnx Res Corp's Piotroski F-Score?
Cnx Res Corp (CNX) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Cnx Res Corp's earnings high quality?
Cnx Res Corp (CNX) has an earnings quality ratio of 1.63x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Cnx Res Corp?
Cnx Res Corp (CNX) scores 35 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.