Using the latest TTM figures, Core Natural Resources shows a gross margin of 17.3%, an operating margin of 2.2%, an EBITDA margin of 16.9%, and a net margin of 1.8%. EBITDA margin drove the available margin improvements with a 4.9 percentage-point increase, while gross margin declined by 1.8 percentage points.
CNR margin history
Looking back over the last 3 years, Core Natural Resources recorded average margins of 27.1% gross, 10.5% operating, 22.78% EBITDA, and 8.53% net. At present, all four current margins are below their three-year averages.
CNR margin expansion
Core Natural Resources's operating margin expanded by 3.5 percentage points, EBITDA margin by 4.9 percentage points, and net margin by 3 percentage points, but gross margin contracted by 1.8 percentage points.
CNR Gross margin
Across the last 3 years, Core Natural Resources had an average gross margin of 27.1%. The current gross margin of 17.3% is 9.8 percentage points below its three-year average. Looking back over the last 3 years, Core Natural Resources's gross margin reached 45% at its highest point in Dec 2023 and 14.9% at its lowest in Dec 2025.
CNR Operating margin
Looking at the last 3 years, Core Natural Resources had an average operating margin of 10.5%. Against its three-year average, Core Natural Resources's operating margin is currently 2.2%, 8.3 percentage points below its three-year average. Looking back over the last 3 years, Core Natural Resources's operating margin reached 32% at its highest point in Dec 2023 and -4.4% at its lowest in Dec 2025.
CNR EBITDA margin
The average EBITDA margin for Core Natural Resources was 22.78% in the last 3 years. Right now, the current EBITDA margin for Core Natural Resources is 16.9%, 5.9 percentage points below its three-year average. The EBITDA margin for Core Natural Resources moved between 10.3% in Dec 2025 and 41.8% in Dec 2023.
CNR Net margin
Across the last 3 years, Core Natural Resources's net margin came to 8.53%. Right now, Core Natural Resources's current net margin is 1.8%, which is 6.7 percentage points below its three-year average. Net margin was highest at 26.2% in Dec 2023 and lowest at -3.7% in Dec 2025.
CNR margin group comparison
Core Natural Resources's gross margin of 17.3% is lower than the Energy sector and the industry average. Looking at the Energy sector average of 42.7%, Core Natural Resources's gross margin is 59% lower.
CNR margin peer comparison
Frequently asked questions
What is Core Natural Resources's gross margin?
The current gross margin for CNR is 17.3% as of Sep 30, 2026.
What is Core Natural Resources's operating margin?
The current operating margin for CNR is 2.2% as of Sep 30, 2026.
What is Core Natural Resources's EBITDA margin?
As of Sep 30, 2026, CNR has an EBITDA margin of 16.9%.
What is Core Natural Resources's net margin?
As of Sep 30, 2026, CNR has a net margin of 1.8%.
What are the average margins of CNR?
Across the last 3 years, CNR averaged 27.1% gross, 10.5% operating, 22.8% EBITDA, and 8.5% net.
What are the highest historical margins of CNR?
In the last 5 years, the highest margins reported by CNR were 50.6% gross in Mar 2023, 37.3% operating in Jun 2023, 46.5% EBITDA in Jun 2023, and 29.2% net in Jun 2023.
What are the lowest historical margins of CNR?
Over the last 5 years, Core Natural Resources's lowest margins were 14.9% gross in Dec 2025, -4.4% operating in Dec 2025, 10.3% EBITDA in Dec 2025, and -3.7% net in Dec 2025.