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Core Natural Resources vs Warrior MET Coal: CNR and HCC compared
Core Natural Resources is the larger company: $1.1B of revenue in its latest quarter (Q3 2026) against $508M for Warrior MET Coal (Q3 2026). Warrior MET Coal is growing faster (+55% against +14% a year earlier). Warrior MET Coal is more profitable, with an operating margin of 10.0% against 0.6%.
Where the money goes: CNR and HCC
Core Natural Resources (CNR) · Q3 2026
Core Natural Resources, Q3 2026: revenue $1.1B (+14% year over year), operating margin 0.6%, net earnings $9.0M, operating cash flow $175M. The chart follows the revenue to costs, profit and cash.
Warrior MET Coal (HCC) · Q3 2026
Warrior MET Coal, Q3 2026: revenue $508M (+55% year over year), operating margin 10.0%, net earnings $49.3M, operating cash flow $166M. The chart follows the revenue to costs, profit and cash.
| Core Natural Resources (CNR) | Warrior MET Coal (HCC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.1B | $508M |
| Revenue growth, Y/Y | +14% | +55% |
| Operating margin | 0.6% | 10.0% |
| Net earnings | $9.0M | $49.3M |
| Net margin | 0.8% | 9.7% |
| Operating cash flow | $175M | $166M |
| Free cash flow | $80.3M | $139M |
| Market value | $3.9B | $4.5B |
| P/E | 50.8× | 19.2× |
| Analysts’ mean target | $110.50 | $106.50 |
Where the revenue comes from
Core Natural Resources
- Coal: $1.1B (99%)
- Third-Party Terminal Revenue: $9.2M (1%)
Warrior MET Coal
- Product: $501M (99%)
- Product and Service Other: $6.9M (1%)
Questions
Which is bigger, Core Natural Resources or Warrior MET Coal?
Core Natural Resources is the larger company: $1.1B of revenue in its latest quarter (Q3 2026) against $508M for Warrior MET Coal (Q3 2026).
Is Core Natural Resources or Warrior MET Coal growing faster?
Warrior MET Coal is growing faster (+55% against +14% a year earlier).
Which is more profitable, Core Natural Resources or Warrior MET Coal?
Warrior MET Coal is more profitable, with an operating margin of 10.0% against 0.6%.
More: Core Natural Resources earnings · how Core Natural Resources makes money · Warrior MET Coal earnings · how Warrior MET Coal makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.