Core Natural Resources, Inc. (CNR)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 330,647 | 477,841 | 486,427 | 624,636 | 777,872 | 834,384 | 904,162 | 848,379 | 568,437 | 495,663 | 150,081 | -4,154 | 35,407 | -108,616 | 99,008 | 74,983 | 47,777 | 51,397 | 7,259 | 83,027 |
| Revenue (ttm) | US$ in thousands | 2,148,698 | 2,213,263 | 2,204,294 | 2,371,335 | 2,506,635 | 2,509,437 | 2,530,409 | 2,481,302 | 2,339,875 | 2,037,760 | 1,768,138 | 1,466,444 | 1,261,034 | 1,194,772 | 2,130,006 | 1,948,080 | 1,892,420 | 1,949,596 | 1,043,790 | 1,293,676 |
| Pretax margin | 15.39% | 21.59% | 22.07% | 26.34% | 31.03% | 33.25% | 35.73% | 34.19% | 24.29% | 24.32% | 8.49% | -0.28% | 2.81% | -9.09% | 4.65% | 3.85% | 2.52% | 2.64% | 0.70% | 6.42% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $330,647K ÷ $2,148,698K
= 15.39%
Core Natural Resources, Inc.'s pretax margin has exhibited fluctuations over the periods analyzed. Starting at 6.42% in March 2020, the pretax margin decreased to 0.70% by June 2020, showing early signs of decline. This downward trend continued until September 2021 when the pretax margin reached -9.09%, indicating a significant loss before taxes.
However, the company's financial performance improved from that low point, with the pretax margin gradually recovering and even exceeding previous levels. Notably, by September 2022, the pretax margin surged to 24.32%, signaling a strong profitability rebound. This positive trend continued into the following periods, reaching a peak of 35.73% in June 2023.
Despite some fluctuations, the pretax margin remained relatively high above 20% up to September 2024. However, by the end of December 2024, the pretax margin declined to 15.39%, indicating a slight decrease in profitability compared to the previous quarter. Overall, Core Natural Resources, Inc. demonstrated resilience in managing its profitability, showcasing both recovery from losses and sustained high levels of pretax margins during the periods analyzed.
Peer comparison
Dec 31, 2024