Core Natural Resources
CNR Β· Coal & Consumable Fuels
$92.10
4.2%Centrus Energy
LEU Β· Coal & Consumable Fuels
$102.45
1.6%The short version
- Core Natural Resources is the larger business, with $4.2B of revenue in fiscal 2025 against $449M for Centrus Energy, about 9.3 times as much.
- Core Natural Resources grew revenue faster (86.2%, against 1.5%).
- Centrus Energy kept more of each dollar of sales as operating profit (11.2% operating margin, against β4.4% operating margin).
- Centrus Energy turned more of its sales into free cash flow (7.0% FCF margin, against 0.5% FCF margin).
- Investors pay more for each dollar of Centrus Energyβs earnings: a P/E of 47.7x against 46.3x for Core Natural Resources.
| Latest fiscal year | CNR Β· FY25 | LEU Β· FY25 |
|---|---|---|
| Size | ||
| Market cap | $4.7B | $2.2B |
| Revenue | $4.2B | $449M |
| Free cash flow | $21.2M | $31.3M |
| Net income | β$153M | $77.8M |
| Growth | ||
| Revenue growth | 86.2% | 1.5% |
| 5-year growth | 32.5% | 12.7% |
| Share count change | 72.4% | 21.7% |
| Profitability | ||
| Gross margin | β | 26.2% |
| Operating margin | β4.4% | 11.2% |
| Net margin | β3.7% | 17.3% |
| FCF margin | 0.5% | 7.0% |
| Return on capital | β5.7% | β |
| Return on equity | β5.8% | 16.8% |
| Balance sheet | ||
| Net debt | $20.3M | β$782M |
| Net debt / EBITDA | 0.1x | β13.0x |
| Dividends and buybacks | $251M | $0.0M |
| Valuation & quality | ||
| P/E | 46.3x | 47.7x |
| Piotroski F-score | 4 | 4 |
FY16
CNR $1.2B
LEU $311M
FY17
CNR $1.4B
LEU $218M
FY18
CNR $1.5B
LEU $193M
FY19
CNR $1.4B
LEU $210M
FY20
CNR $1.0B
LEU $247M
FY21
CNR $1.3B
LEU $298M
FY22
CNR $2.1B
LEU $294M
FY23
CNR $2.6B
LEU $320M
FY24
CNR $2.2B
LEU $442M
FY25
CNR $4.2B
LEU $449M
CNR
LEU
FY16
CNR β
LEU β19.8%
FY17
CNR β
LEU β20.5%
FY18
CNR β
LEU β47.9%
FY19
CNR β
LEU β9.4%
FY20
CNR β
LEU 20.6%
FY21
CNR β
LEU 22.9%
FY22
CNR β
LEU 20.3%
FY23
CNR 31.3%
LEU 16.4%
FY24
CNR 15.7%
LEU 10.9%
FY25
CNR β4.4%
LEU 11.2%
CNR
LEU
FY16
CNR $276M
LEU $34.7M
FY17
CNR $167M
LEU β$16.6M
FY18
CNR $268M
LEU β$74.5M
FY19
CNR $74.8M
LEU $11.2M
FY20
CNR $43.3M
LEU $65.7M
FY21
CNR $173M
LEU $48.8M
FY22
CNR $479M
LEU $19.9M
FY23
CNR $690M
LEU $7.5M
FY24
CNR $298M
LEU $32.9M
FY25
CNR $21.2M
LEU $31.3M
CNR
LEU
FY16
CNR β
LEU β
FY17
CNR 8.4%
LEU β
FY18
CNR 23.4%
LEU β
FY19
CNR 13.4%
LEU β
FY20
CNR 3.5%
LEU β
FY21
CNR 8.2%
LEU β
FY22
CNR 41.6%
LEU β
FY23
CNR 53.4%
LEU β
FY24
CNR 23.6%
LEU β
FY25
CNR β5.7%
LEU β
CNR
LEU
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.