CNX CNX Resources margins

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Relative Growth: Rel. Growth: 64
Relative Strength: Rel. Strength: 61
Relative Valuation: Rel. Valuation: 98
Relative Profitability: Rel. Profitability: 98
Gross margin
78.3%
Operating margin
48.4%
EBITDA margin
72.5%
Net margin
36.5%

Based on the latest figures, CNX Resources reports a gross margin of 78.3%, an operating margin of 48.4%, an EBITDA margin of 72.5%, and a net margin of 36.5%. Operating margin had the largest improvement, expanding by 29.9 percentage points, while the other available margins also increased.

CNX margin history

Gross, operating, EBITDA and net margin trends

Looking back over the last 3 years, CNX Resources recorded average margins of 71.07% gross, 32.22% operating, 62.25% EBITDA, and 21.51% net. Compared with their three-year averages, all four current margins are higher.

CNX margin expansion

Year-over-year margin changes in percentage points

The biggest expansion was in operating margin, which rose by 29.9 percentage points. The other available margins also improved.

Gross margin expansion
12.9pp
Operating margin expansion
29.9pp
EBITDA margin expansion
17pp
Net margin expansion
26.8pp

CNX Gross margin

CNX Resources's gross margin averaged 71.07% during the last 3 years. Compared with its three-year average, CNX Resources's current gross margin is 78.3% and is 7.2 percentage points above its three-year average. Over the last 3 years, CNX Resources's gross margin peaked at 84.2% in Dec 2023 and reached a low of 44.1% in Mar 2025.

CNX Operating margin

The average operating margin for CNX Resources was 32.22% during the last 3 years. The latest operating margin for CNX Resources is 48.4%, 16.2 percentage points above its three-year average. The operating margin for CNX Resources moved between -30.6% in Mar 2025 and 65% in Dec 2023.

CNX EBITDA margin

CNX Resources's EBITDA margin averaged 62.25% over the last 3 years. Against its three-year average, CNX Resources's EBITDA margin is currently 72.5%, 10.3 percentage points above its three-year average. Over the last 3 years, CNX Resources's EBITDA margin peaked at 81.5% in Dec 2023 and reached a low of 25.9% in Mar 2025.

CNX Net margin

CNX Resources's net margin averaged 21.51% over the last 3 years. Compared with its three-year average, CNX Resources's current net margin is 36.5% and is 15 percentage points above its three-year average. Over the last 3 years, CNX Resources's net margin peaked at 50.1% in Dec 2023 and reached a low of -30.6% in Mar 2025.

CNX margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 78.3%, CNX is above the Energy sector, the industry and its peers average. Compared to its Energy sector average of 42.7%, CNX Resources's gross margin is 83% higher.

CNX margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is CNX Resources's gross margin?

The current gross margin for CNX is 78.3% as of Jun 30, 2026.

What is CNX Resources's operating margin?

As of Jun 30, 2026, CNX has an operating margin of 48.4%.

What is CNX Resources's EBITDA margin?

As of Jun 30, 2026, CNX has an EBITDA margin of 72.5%.

What is CNX Resources's net margin?

The current net margin for CNX is 36.5% as of Jun 30, 2026.

What are the average margins of CNX?

Across the last 3 years, CNX averaged 71.1% gross, 32.2% operating, 62.3% EBITDA, and 21.5% net.

What are the highest historical margins of CNX?

Over this 5-year history, CNX peaked at 85.5% gross in Sep 2023, 69.5% operating in Sep 2023, 83.2% EBITDA in Sep 2023, and 58% net in Sep 2023.

What are the lowest historical margins of CNX?

Over the last 5 years, CNX Resources's lowest margins were 31.2% gross in Sep 2022, -63.2% operating in Dec 2021, 3.9% EBITDA in Dec 2021, and -75% net in Sep 2022.