CNX Resources Corporation (CNX) Key Metrics
CNX valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $5.31B
- Enterprise value
- $7.26B
- P/E (TTM)
- 5.8 10-yr median 6.0
- Forward P/E
- 8.4
- PEG ratio
- 1.93
- Price / sales
- 2.5 10-yr median 2.3
- Price / book
- 1.0 10-yr median 0.9
- EV / EBITDA
- 3.8 10-yr median 13.2
- Dividend yield
- —
- Beta
- 0.69
CNX key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCNX valuation Price multiples at each fiscal year-end price.
CNX returns How much profit the business earns on the capital it uses.
CNX per-share figures Results divided by the shares outstanding at year-end.
CNX financial health Debt, liquidity and how easily interest is covered.
CNX efficiency & capital use Working capital cycle and where the cash goes.
CNX valuation history
CNX returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CNX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CNX cash returned to shareholders
CNX price vs earnings per share
CNX key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $5.90B | $5.55B | $3.84B | $3.19B | $2.97B | $2.15B | $1.69B | $2.45B | $3.38B | $3.49B |
| Enterprise value | $8.35B | $7.82B | $6.20B | $5.56B | $5.24B | $4.67B | $4.61B | $4.83B | $5.08B | $6.20B |
| P/E ratio | 9.3 | — | 2.2 | — | — | — | — | 3.1 | 8.9 | — |
| Price / sales | 2.8 | 3.9 | 2.5 | 0.8 | 1.2 | 2.0 | 1.1 | 1.4 | 2.7 | 3.9 |
| Price / book | 1.4 | 1.4 | 0.9 | 1.1 | 0.8 | 0.5 | 0.4 | 0.6 | 0.9 | 0.9 |
| Price / free cash flow | 11.0 | 20.1 | 28.4 | 4.8 | 6.4 | 7.0 | — | — | 213.3 | 14.4 |
| Price / operating cash flow | 5.7 | 6.8 | 4.7 | 2.6 | 3.2 | 2.7 | 1.7 | 2.8 | 5.2 | 7.4 |
| EV / sales | 3.9 | 5.4 | 4.1 | 1.4 | 2.2 | 4.3 | 3.0 | 2.7 | 4.1 | 6.9 |
| EV / EBITDA | 5.4 | 15.2 | 2.2 | 14.7 | 176.0 | 67.0 | 6.4 | 2.8 | 11.6 | 369.4 |
| EV / free cash flow | 15.6 | 28.4 | 45.9 | 8.3 | 11.4 | 15.2 | — | — | 320.9 | 25.6 |
| Earnings yield | 10.7% | −1.6% | 44.8% | −4.5% | −16.8% | −22.5% | −4.8% | 32.5% | 11.3% | −24.3% |
| Free cash flow yield | 9.1% | 5.0% | 3.5% | 21.0% | 15.5% | 14.3% | −12.6% | −9.4% | 0.5% | 7.0% |
| Dividend yield | — | — | 50.0% | — | 14.4% | 55.8% | 46.0% | 38.4% | 0.9% | 0.1% |
| Shareholder yield (dividends + buybacks) | 8.9% | 3.3% | 58.4% | 17.7% | 22.8% | 57.6% | 53.4% | 54.2% | 4.2% | 0.1% |
| Share price at fiscal year-end | $36.77 | $36.67 | $20.00 | $16.84 | $13.75 | $10.80 | $8.85 | $11.42 | $14.63 | $15.21 |
| Per share | ||||||||||
| Revenue per share | $13.36 | $9.51 | $7.84 | $20.71 | $11.06 | $5.45 | $8.11 | $8.20 | $5.40 | $3.93 |
| Earnings per share | $3.95 | −$0.60 | $8.96 | −$0.75 | −$2.31 | −$2.43 | −$0.42 | $3.71 | $1.65 | −$3.70 |
| Operating cash flow per share | $6.42 | $5.39 | $4.24 | $6.52 | $4.29 | $3.99 | $5.14 | $4.13 | $2.81 | $2.05 |
| Free cash flow per share | $3.33 | $1.82 | $0.70 | $3.53 | $2.13 | $1.54 | −$1.11 | −$1.07 | $0.07 | $1.06 |
| Cash per share | $0.00 | $0.11 | $0.00 | $0.11 | $0.02 | $0.08 | $0.09 | $0.08 | $2.20 | $0.26 |
| Book value per share | $27.05 | $27.08 | $22.71 | $15.57 | $17.13 | $22.20 | $21.81 | $20.17 | $16.89 | $16.56 |
| Tangible book value per share | $24.67 | $24.53 | $18.98 | $13.46 | $15.25 | $20.12 | $17.13 | $15.98 | $16.89 | $16.56 |
| Dividends per share | — | — | $10.01 | — | $1.97 | $6.03 | $4.07 | $4.38 | $0.14 | $0.01 |
| Capex per share | $3.09 | $3.57 | $3.54 | $2.99 | $2.16 | $2.45 | $6.25 | $5.20 | $2.74 | $0.99 |
| Debt per share | $15.29 | $15.15 | $12.32 | $12.60 | $10.52 | $12.74 | $15.42 | $11.18 | $9.59 | $12.09 |
| Shares outstanding | 160.4M | 151.3M | 192.0M | 189.5M | 216.0M | 199.2M | 190.7M | 214.6M | 231.0M | 229.4M |
| Change in shares outstanding | +6.0% | −21.2% | +1.3% | −12.3% | +8.4% | +4.5% | −11.1% | −7.1% | +0.7% | +0.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 15.0% | −2.1% | 47.1% | −4.3% | −12.3% | −11.3% | −1.9% | 19.4% | 9.9% | −20.0% |
| Return on invested capital (ROIC) | 9.4% | 2.0% | 4.0% | 36.4% | 14.1% | 5.7% | 2.0% | 7.2% | 0.4% | −2.9% |
| Return on assets (ROA) | 7.2% | −1.1% | 20.1% | −1.7% | −6.2% | −5.7% | −0.9% | 10.3% | 4.7% | −8.4% |
| Return on tangible assets | 7.3% | −1.1% | 21.8% | −1.8% | −6.5% | −6.3% | −1.0% | 10.4% | 5.5% | −9.2% |
| Free cash flow margin | 24.9% | 19.1% | 9.0% | 17.1% | 19.3% | 28.4% | −13.7% | −13.1% | 1.3% | 26.9% |
| Income quality (OCF / net income) | 1.63 | — | 0.47 | — | — | — | — | 1.11 | 1.70 | — |
| Financial health | ||||||||||
| Total debt | $2.45B | $2.29B | $2.37B | $2.39B | $2.27B | $2.54B | $2.94B | $2.40B | $2.21B | $2.77B |
| Cash & short-term investments | $779,000 | $17.2M | $443,000 | $21.3M | $3.6M | $15.6M | $16.3M | $17.2M | $509.2M | $60.5M |
| Net debt | $2.45B | $2.28B | $2.36B | $2.37B | $2.27B | $2.52B | $2.93B | $2.38B | $1.71B | $2.71B |
| Debt / equity | 0.57 | 0.56 | 0.54 | 0.81 | 0.61 | 0.57 | 0.71 | 0.55 | 0.57 | 0.73 |
| Debt / assets | 0.27 | 0.27 | 0.27 | 0.28 | 0.28 | 0.32 | 0.32 | 0.28 | 0.32 | 0.30 |
| Net debt / EBITDA | 1.58 | 4.41 | 0.84 | 6.28 | 76.24 | 36.14 | 4.07 | 1.37 | 3.90 | 161.66 |
| Current ratio | 0.44 | 0.33 | 0.51 | 0.44 | 0.48 | 0.62 | 0.94 | 0.96 | 1.93 | 0.67 |
| Quick ratio | 0.41 | 0.32 | 0.49 | 0.42 | 0.48 | 0.60 | 0.93 | 0.94 | 1.91 | 0.60 |
| Interest coverage | 4.6 | 1.1 | 2.2 | 20.4 | 7.6 | 3.0 | 1.7 | 3.8 | 0.2 | -1.4 |
| Working capital | −$634.0M | −$751.9M | −$401.2M | −$739.0M | −$494.8M | −$168.0M | −$30.8M | −$21.3M | $410.8M | −$313.9M |
| Invested capital | $6.79B | $6.37B | $6.73B | $5.32B | $5.97B | $6.94B | $7.09B | $6.71B | $5.60B | $6.51B |
| Tangible asset value | $3.96B | $3.71B | $3.64B | $2.55B | $3.29B | $4.01B | $4.07B | $4.18B | $3.90B | $3.94B |
| Net current asset value | −$4.27B | −$4.04B | −$3.84B | −$4.99B | −$3.94B | −$3.35B | −$3.60B | −$3.01B | −$2.18B | −$4.62B |
| Graham number | $49.02 | — | $67.67 | — | — | — | — | $41.04 | $25.03 | — |
| Graham net-net per share | −$28.06 | −$28.03 | −$21.64 | −$27.78 | −$19.17 | −$17.50 | −$20.56 | −$14.81 | −$10.13 | −$21.88 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $1.92B | — | $426.2M | $1.20B | $776.8M | $940.5M | $31.9M | $2.3M |
| Share buybacks (net) | $523.6M | $184.2M | $319.9M | $565.1M | $249.8M | $39.3M | $123.8M | $387.1M | $109.9M | $1.6M |
| Dividend payout ratio | — | — | 111.7% | — | — | — | — | 118.1% | 8.4% | — |
| Dividends + buybacks / free cash flow | 98.1% | 66.9% | — | 84.4% | 146.8% | 402.8% | — | — | 895.1% | 1.6% |
| Capex / revenue | 23.1% | 37.5% | 45.1% | 14.4% | 19.5% | 44.9% | 77.1% | 63.4% | 50.7% | 25.2% |
| Capex / operating cash flow | 48.1% | 66.2% | 83.4% | 45.8% | 50.3% | 61.3% | 121.6% | 126.0% | 97.6% | 48.3% |
| Capex / depreciation | 0.86 | 1.11 | 1.57 | 1.23 | 0.22 | 0.97 | 2.35 | 2.26 | 1.54 | 0.54 |
| Stock-based compensation / revenue | 1.1% | 1.4% | 1.3% | 0.4% | 0.7% | 1.3% | 2.5% | 1.2% | 1.4% | 3.5% |
| R&D / revenue | — | — | — | — | 0.9% | 1.4% | — | — | — | — |
| SG&A / revenue | 7.0% | 11.0% | 8.3% | 3.1% | 4.7% | 10.1% | 9.3% | 7.7% | 7.5% | 11.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 44.6 | 42.0 | 59.2 | 32.3 | 37.4 | 60.5 | 73.5 | 67.4 | 60.4 | 93.7 |
| Days of inventory on hand | 6.6 | 6.1 | 8.8 | 5.4 | 2.8 | 3.2 | 3.0 | 3.8 | 14.4 | 30.8 |
| Days payables outstanding | 45.5 | 48.2 | 63.3 | 50.7 | 42.4 | 61.4 | 77.2 | 81.4 | 69.6 | 77.1 |
| Cash conversion cycle (days) | 5.6 | -0.0 | 4.7 | -13.0 | -2.2 | 2.3 | -0.7 | -10.2 | 5.2 | 47.4 |
| Receivables turnover | 8.19 | 8.69 | 6.17 | 11.32 | 9.77 | 6.03 | 4.97 | 5.42 | 6.05 | 3.89 |
| Payables turnover | 8.02 | 7.58 | 5.77 | 7.20 | 8.61 | 5.94 | 4.73 | 4.49 | 5.24 | 4.73 |
| Inventory turnover | 55.45 | 59.59 | 41.56 | 67.73 | 130.71 | 114.54 | 122.46 | 96.70 | 25.35 | 11.84 |
| Asset turnover | 0.24 | 0.17 | 0.18 | 0.47 | 0.30 | 0.13 | 0.18 | 0.23 | 0.15 | 0.09 |
| Average receivables | $261.7M | $165.7M | $244.3M | $346.9M | $244.7M | $179.9M | $311.3M | $325.1M | $206.5M | $231.3M |
| Average payables | $141.0M | $135.3M | $169.4M | $156.5M | $120.0M | $160.4M | $216.2M | $220.5M | $184.1M | $203.9M |
| Average inventory | $20.4M | $17.2M | $23.5M | $16.7M | $7.9M | $8.3M | $8.3M | $10.2M | $38.1M | $81.4M |
| Intangibles / total assets | 4.2% | 4.5% | 8.3% | 4.7% | 5.0% | 5.1% | 9.9% | 10.5% | 0.0% | 0.0% |
Computed from CNX's annual financial statements (latest annual report filed February 10, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
CNX valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), CNX Resources traded at 9.3 times earnings, against a 10-year median of 6.0. Based on the latest twelve months, the trailing P/E is 5.8 and the forward P/E is 8.4. CNX Resources earned a return on equity of 15.0% and a return on invested capital of 9.4% in fiscal 2025. It ended the year with $2.5 billion of debt and $0.8 million in cash and short-term investments, net debt of $2.5 billion. It returned $523.6 million to shareholders: $0 in dividends and $523.6 million in share buybacks, 98% of free cash flow. The share count fell 30.1% from 229.4M to 160.4M over 9 years.
See the CNX income statement, the CNX chart for price history, or the CNX stock overview for the latest quote and news.
CNX key metrics FAQ
What is CNX Resources's P/E ratio?
CNX Resources's trailing P/E ratio is 5.8 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 8.4. At the end of fiscal 2025 it was 9.3, compared with a 10-year median of 6.0.
What is CNX Resources's EV/EBITDA?
CNX Resources's enterprise value was 5.4 times EBITDA at the end of fiscal 2025 (enterprise value $8.3 billion, EBITDA $1.5 billion); the current EV/EBITDA is 3.8.
What is CNX Resources's return on equity?
CNX Resources's return on equity (ROE) was 15.0% in fiscal 2025: net income of $633.2 million on average shareholders' equity of $4.2 billion.
What is CNX Resources's ROIC?
CNX Resources's return on invested capital was 9.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does CNX Resources have?
CNX Resources had total debt of $2.5 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.57 and $2.5 billion of net debt (1.58 times EBITDA).
Does CNX Resources buy back its shares?
Yes. CNX Resources spent $523.6 million on net share repurchases in fiscal 2025 Shares outstanding changed +6.0% over the year, to 160.4M..
What is CNX Resources's free cash flow yield?
CNX Resources generated $534.0 million of free cash flow in fiscal 2025, a free cash flow yield of 9.1% on its market value at year-end ($5.9 billion).
What is CNX Resources's current ratio?
CNX Resources's current ratio was 0.44 at the end of fiscal 2025: current assets were 0.44 times current liabilities.