TORVANTA
Other · S&P 500 · data as of 2026-10-05

CNX stock analysis: CNX

CNX (CNX) is an S&P 500 company in Other. It grades strongest on value and growth.

The model's view of CNX · subscribers

Where CNX ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with CNX · updated 2026-10-05 · from prices and SEC filings

CNX price performance

CNX against the S&P 500, one year
+0%+20%S&P 500 +18%CNX -1%2025-09-292026-10-05
Year to date-12.3%S&P 500 +14.5% · behind by 26.8 pts
1 year-1.9%S&P 500 +17.0% · behind by 19.0 pts
3 years+48.2%S&P 500 +89.3% · behind by 41.1 pts
5 years+149.5%S&P 500 +91.3% · ahead by 58.2 pts

Total returns with dividends reinvested.

CNX factor grades

Each grade compares CNX with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

AValueP/E 5.3x (industry 20.1x)FCF yield 11.0% (industry 6.0%)
A-GrowthRevenue growth +62% (industry +8%)EPS growth +856% (industry +10%)
B+Profitability
CMomentum12-month change -2%From 52-wk high -24%

CNX in plain numbers

CNX key statistics

SectorOther
Industryn/a
IndexS&P 500
Market value$4.8B
Revenue growth (y/y)+62%
Free-cash-flow yield11.0%
Dividend yieldn/a
Next earnings (expected)2026-10-29
Valuation measures
Market value$4.8B
Enterprise value$7.0B
P/E (trailing)5.3x
Forward P/E (Torvanta estimate)3.5x
PEG (Torvanta estimate)0.07
Price / sales1.8x
Price / book1.0x
EV / revenue2.7x
Financial highlights
Revenue, last 12 months$2.6B
Net income, last 12 months$949.4M
EPS, last 12 months (GAAP)$6.12
Net margin36.5%
Return on equity21.2%
Cash$6.2M
Total debt$2.2B
Debt / equity0.46x
Free cash flow, last 12 months$526.0M
Current ratio0.72x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

CNX earnings trends

Revenue vs earnings
-$197.7M$92.3M$382.4M$672.4M$1.0BSep 2024 Revenue: $424.2MDec 2024 Revenue: $136.6MMar 2025 Revenue: $82.4MJun 2025 Revenue: $1.0BSep 2025 Revenue: $583.8MDec 2025 Revenue: $610.5MMar 2026 Revenue: $786.7MJun 2026 Revenue: $618.5MSep 2024 Net income: $65.5MDec 2024 Net income: -$144.6MMar 2025 Net income: -$197.7MJun 2025 Net income: $432.5MSep 2025 Net income: $202.1MDec 2025 Net income: $196.3MMar 2026 Net income: $348.1MJun 2026 Net income: $202.9MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 15.4%Net margin: -105.9%Net margin: -240.0%Net margin: 44.9%Net margin: 34.6%Net margin: 32.1%Net margin: 44.3%Net margin: 32.8%-240%-98%45%■ Revenue ■ Net income ━ Net margin
Earnings per share$-1.3$-0.4$0.6$1.6$2.5Sep 2024 EPS (GAAP, diluted): $0.4Dec 2024 EPS (GAAP, diluted): $-0.9Mar 2025 EPS (GAAP, diluted): $-1.3Jun 2025 EPS (GAAP, diluted): $2.5Sep 2025 EPS (GAAP, diluted): $1.2Dec 2025 EPS (GAAP, diluted): $1.4Mar 2026 EPS (GAAP, diluted): $2.2Jun 2026 EPS (GAAP, diluted): $1.3Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 +227% · Jun 2026 -48%

From the company's 10-Q and 10-K filings with the SEC.

CNX financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$756.8M$1.3B$3.4B$1.3B$2.2B
Net income-$498.6M-$142.1M$1.7B-$90.5M$633.2M
EPS (GAAP)$-2.37$-0.70$8.95$-0.63$3.81
Free cash flow$460.5M$669.3M$135.2M$275.4M$534.0M

CNX earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-30$1.32-48%-36%+0.8%
2026-04-30$2.18n/a+855%-4.9%
2026-01-29$1.41n/a+347%+6.1%
2025-10-30$1.21+227%+38%+6.7%
2025-07-24$2.53n/a+199%-6.6%
2025-04-24$-1.34-3450%-79%-8.4%

Companies similar to CNX

CompanyMarket valueP/ERevenue growthOperating margin12-month change
CNX CNX$4.8B5.3x+62%n/a-2%
DIOD DIOD$4.8B55.7x+18%4.8%+97%compare
SON SON$4.8B4.7x+17%13.6%+16%compare
HAE HAE$4.8B50.6x+0%11.9%+107%compare
MIDD MIDD$4.8Bn/a-3%15.7%-5%
STWD STWD$4.8B22.0x+12%n/a-25%
PECO PECO$4.8B32.5x+8%n/a+15%

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Frequently asked questions

Is CNX stock a buy?

Torvanta does not tell individuals what to buy. Its grades for CNX are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is CNX's P/E ratio?

CNX trades at about 5.3 times its last 12 months of GAAP earnings reported to the SEC, and about 3.5 times Torvanta's own estimate of the next 12 months.

When does CNX report earnings next?

Based on its filing history, Torvanta expects CNX to report around 2026-10-29.

How has CNX performed against the S&P 500?

Over the past year CNX returned -1.9%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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