Core Natural Resources, Inc. · Silver Ores

CNR

Moderate riskNext report: Around Nov 5 (est.)

View price ↗

The short version

A company still losing money with steady sales.

Going well

Sales up 86% last year
Little debt
Pays a 0.5% dividend yield

Watch out for

Share count growing 12.9% a year (dilution)
Losing money

Money moves

No insider buying or selling in the last 30 days
Institutions added 0.3% to their holdings in the quarter ending June 2026 (205 bought, 180 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$88.46-4.0% that day

Company value: $4.4B; Share price times all shares
Price vs profit (P/E): 44.5x; You pay about $44 for each $1 of yearly profit
Price vs sales: 1.0x; Company value is 1.0 times a year of sales
Dividend yield: 0.5%; Yearly dividend as a share of today's price
Cash vs value: 11%; Cash as a share of company value
Debt vs value: 9%; Debt as a share of company value

From CNR's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$1.1B+3.5% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $4.3B, up 29% from the 12 months before. Over 5 years, sales grew about 33% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of CNR. Starting points are the company's recent numbers.

Sales growth+29% a yearRecently: +29% a yearProfit margin2%Last 12 months: 2.3%P/E at the end40xToday: 44.5x. Many steady companies trade at 12x to 25xShare count change+10% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$15.3B

Profit in 5 years$305M

Price these guesses point to$152.66+73% vs $88.46 todayAbout +12% a year, before dividends

What today's price needs: with a 2% margin and a 40x P/E, sales would have to grow about 16% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

2/6Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.-5.8%
PassDebt under half of equityNot relying on borrowed money.0.11x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-3.7%
MissProfitable every yearSteady profits, not one good year.8 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$21.2M
MissShare count not growingNot diluting owners. Falling means buybacks.+43.9% in 3 years

Revenue: $4.2B; +86.2% vs prior year
5-year growth: +32.5%/yr; revenue, per year
Total debt: $394.8M; 0.11x equity
Current ratio: 1.60x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 6

Revenue: $1.1B; +3.5% YoY
EPS: $2.51; vs -$0.70
Op. margin: 13.7%; +15.4 pts
Free cash flow: $148.5M
Share count: -3.7%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 0.5
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady+0.3%

Institutions added 0.3% to their holdings. 205 bought, 180 sold.

Shares held by institutions46.9M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+15.8%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

0.1x · $405.2M debt

Shares outstandingLatest reported

50M

Why moderate risk

Losing money
Share count growing 15.8% a year (dilution)

Earnings reports

Last 12

Next reportAround Nov 5 (est.)Estimated from the same quarter last year

Results filedAug 6
Results filedMay 7
Results filedFeb 12
Results filedNov 6, 2025
Results filedAug 5, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

5%+ holder update (passive)Aug 6 · View filing ↗Big holder

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

SDSep 23 · Form SD ↗New insiderAug 20 · Form 3 ↗Leadership changeAug 19 · Form 8-K ↗Earnings resultsAug 6 · Form 8-K ↗Quarterly reportAug 6 · Form 10-Q ↗5%+ holder update (passive)Aug 6 · Form SCHEDULE 13G/A ↗Investor disclosureJun 4 · Form 8-K ↗Current reportMay 19 · Form 8-K ↗New 5%+ holder (passive)May 12 · Form SCHEDULE 13G ↗Earnings resultsMay 7 · Form 8-K ↗Quarterly reportMay 7 · Form 10-Q ↗5%+ holder update (passive)May 6 · Form SCHEDULE 13G/A ↗Current reportMay 4 · Form 8-K ↗New insiderMay 1 · Form 3 ↗New insiderMay 1 · Form 3 ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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