Core Natural Resources vs Centrus Energy
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KIRAβs take AI analyst
I put Core Natural Resources and Centrus Energy side by side, using each oneβs latest annual report. Here is what stands out:
- 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%).
- Centrus Energy turned more of its sales into free cash flow (7.0% FCF margin, against 0.5%).
- Investors pay more for each dollar of Centrus Energyβs earnings: a P/E of 47.7x against 44.5x for Core Natural Resources.
Who comes out ahead
Of the 9 measures where higher (or lower) is clearly better, how many each company leads.
Core Natural Resources
CNR
2/9
Revenue growth5-year growth
Centrus Energy
LEU
6/9
Operating marginNet marginFCF marginReturn on equityNet debt / EBITDAShare count change
Side by side
Best in the row
| Latest fiscal year | CNR FY25 | LEU FY25 |
|---|---|---|
| Size | ||
| Market cap | $4.5B | $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 | 44.5x | 47.7x |
| Piotroski F-score | 4 | 4 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
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.