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Core Natural Resources vs Ramaco Resources: CNR and METC compared
Core Natural Resources is the larger company: $1.1B of revenue in its latest quarter (Q3 2026) against $150M for Ramaco Resources (Q3 2026). Ramaco Resources is growing faster (+24% against +14% a year earlier). Core Natural Resources is more profitable, with an operating margin of 0.6% against -14.1%.
Where the money goes: CNR and METC
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.
Ramaco Resources (METC) · Q3 2026
Ramaco Resources, Q3 2026: revenue $150M (+24% year over year), operating margin -14.1%, net loss $18.2M, operating cash flow −$12.0M. The chart follows the revenue to costs, profit and cash.
| Core Natural Resources (CNR) | Ramaco Resources (METC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.1B | $150M |
| Revenue growth, Y/Y | +14% | +24% |
| Operating margin | 0.6% | -14.1% |
| Net earnings | $9.0M | −$18.2M |
| Net margin | 0.8% | -12.1% |
| Operating cash flow | $175M | −$12.0M |
| Free cash flow | $80.3M | — |
| Market value | $3.9B | — |
| P/E | 50.8× | — |
| Analysts’ mean target | $110.50 | — |
Where the revenue comes from
Core Natural Resources
- Coal: $1.1B (99%)
- Third-Party Terminal Revenue: $9.2M (1%)
Ramaco Resources
- Export revenue, excluding Canada: $97.1M (65%)
- North American revenue: $53.0M (35%)
Questions
Which is bigger, Core Natural Resources or Ramaco Resources?
Core Natural Resources is the larger company: $1.1B of revenue in its latest quarter (Q3 2026) against $150M for Ramaco Resources (Q3 2026).
Is Core Natural Resources or Ramaco Resources growing faster?
Ramaco Resources is growing faster (+24% against +14% a year earlier).
Which is more profitable, Core Natural Resources or Ramaco Resources?
Core Natural Resources is more profitable, with an operating margin of 0.6% against -14.1%.
More: Core Natural Resources earnings · how Core Natural Resources makes money · Ramaco Resources earnings · how Ramaco Resources makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.