Alliance Resource Partners, L.P. · ARLP
—
$473M
—
—
—
$704M
—
—
—
$625M
—
—
—
$590M
$540M
—
—
$536M
$516M
—
20-quarter listed-company comparison
Thermal Coal Stocks
Thermal Coal: Core Natural Resources, Inc. owns the largest revenue base AND the fastest current growth.
01 · the industry itself · before any single company
How has Thermal Coal moved against S&P 500?
The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this industry is 29% behind S&P 500. Earnings across its companies fell 79% on average over the last four reported quarters.
BASING · 1y −5.1%⚠Price down, no fundamental support0 of 5 companies ahead of S&P 500 by 5% or more over three months
RS — · 1/5 >200d (+1) · 0/5 lead (+0) · EPS 0/5↑
Thermal Coal, equal-weighted, based at 200
S&P 500, same base, same start
trailing 12-month earnings per share rising
falling
Thermal Coal, equal-weighted, based at 200
S&P 500, same base, same start
trailing 12-month earnings per share rising
falling
Thermal Coal, equal-weighted, based at 200
S&P 500, same base, same start
trailing 12-month earnings per share rising
falling
Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 5 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
02 · sector relative strength, before individual stocks
Is Thermal Coal outperforming S&P 500?
Thermal Coal has underperformed S&P 500 by 4.2% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 8.8%. 0 of 5 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Alliance Resource Partners, L.P. is the strongest against the sector itself at +8.7%.
-8.8%Sector vs S&P 500 · 13 weeks
-4.2%Sector vs S&P 500 · 52 weeks
0/5Stocks leading S&P 500
2/5Stocks leading sector
Sector metric: — as of latest available · unclassified · direction unavailable.
The central tension: current leadership is concentrated, so durability matters more than rank.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
Thermal Coal has underperformed S&P 500 by 4.2% over 52 weeks and 8.8% over 13 weeks. 0 of 5 covered companies beat the S&P 500 on Mansfield relative strength, while 2 of 5 beat the sector itself. Core Natural Resources, Inc. leads with revenue of $4,231 million, based on 3 of 5 comparable companies through Mar 2026.
Companies
5
complete canonical membership
Combined market value
$11.8B
Core Natural Resources, Inc.
Revenue growing
2/3
positive TTM year-on-year growth
Beating S&P 500
0/5
positive Mansfield relative strength
Comparing 3 of 5
03 · research priority, made explicit
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Alliance Resource Partners, L.P. has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 51% evidence confidence.
Natural Resource Partners L.P. looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
How this score is built, and what the marks mean
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led S&P 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Alliance Resource Partners, L.P.ARLP | 63.4/100Thin evidence · provisional51% evidence | BASING | 18.4/35 Revenue — · PAT — · OPM change -13.2 pp 26% evidence | 15.2/25 ROCE 7.2% · OPM 4.2% 76% evidence | 11.5/20 P/E 11.7× · PEG — 15% evidence | 18.3/20 RS sector 8.7% · RS bench -7.1% · 1Y 1.7%0 of 12 weeks ahead 100% evidence |
| Exact sum: 18.4 + 15.2 + 11.5 + 18.3 = 63.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 2NACCO Industries, Inc.NC | 54.9/100Mixed-positive evidence75% evidence | ASLEEP | 15.8/35 Revenue 10% · PAT -40% · OPM change 5.8 pp 83% evidence | 11.8/25 ROCE 1.8% · OPM 17.5% 76% evidence | 14.3/20 P/E 18.1× · PEG 0.14 65% evidence | 13.0/20 RS sector 5.2% · RS bench -10.2% · 1Y 28.6%0 of 12 weeks ahead 70% evidence |
| Exact sum: 15.8 + 11.8 + 14.3 + 13 = 54.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Core Natural Resources, Inc.CNR | 49.2/100Mixed-negative evidence64% evidence | BASING | 24.5/35 Revenue 60.6% · PAT -154.3% · OPM change 8.4 pp 62% evidence | 6.4/25 ROCE 0.2% · OPM 1.2% 76% evidence | 8.5/20 P/E 32× · PEG — 15% evidence | 9.8/20 RS sector -1.4% · RS bench -16.1% · 1Y 6.5%0 of 12 weeks ahead 100% evidence |
| Exact sum: 24.5 + 6.4 + 8.5 + 9.8 = 49.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4Natural Resource Partners L.P.NRP | 44.2/100Mixed-negative evidence75% evidence | BASING | 8.1/35 Revenue -16.1% · PAT -30.9% · OPM change -8.2 pp 83% evidence | 15.8/25 ROCE 3.8% · OPM 60.2% 76% evidence | 15.0/20 P/E 14.2× · PEG 0.14 65% evidence | 5.3/20 RS sector -5.8% · RS bench -19.8% · 1Y -6.1%0 of 12 weeks ahead 70% evidence |
| Exact sum: 8.1 + 15.8 + 15 + 5.3 = 44.2 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity. | ||||||
| 5Peabody Energy CorporationBTU | 30.4/100Thin evidence · provisional52% evidence | ASLEEP | 12.7/35 Revenue — · PAT — · OPM change -7.9 pp 45% evidence | 3.9/25 ROCE -2.2% · OPM -4.5% 76% evidence | 10.8/20 P/E 13× · PEG — 15% evidence | 3.0/20 RS sector -14.7% · RS bench -28.3% · 1Y 29.5%0 of 12 weeks ahead 70% evidence |
| Exact sum: 12.7 + 3.9 + 10.8 + 3 = 30.4 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
04 · what price has already done
Market action
Peabody Energy Corporation has the strongest one-year price move in Thermal Coal at +29.5%. Alliance Resource Partners, L.P. leads on Mansfield relative strength against the S&P 500 at -7.1%. 0 of 5 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-08-04.
Price and relative strength
Every company, the sector's own index and S&P 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.
How far ahead of or behind S&P 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS S&P 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.
The same measure taken against Thermal Coal itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.
05 · compare level, then change
Revenue Scale & Growth Durability
Core Natural Resources, Inc. has the highest Revenue among the 5 Thermal Coal companies compared here, at $4,231 million. NACCO Industries, Inc. is next at $275 million. The same company also holds the highest Revenue growth, at 60.6%. 3 of 5 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Core Natural Resources, Inc. is the scale leader at $4,231 million, 15.4× the revenue of NACCO Industries, Inc.. Core Natural Resources, Inc.'s growth is 60.6% from a $4,231 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderCore Natural Resources, Inc. · $4,231 million
Gap15.4× versus #2 · NACCO Industries, Inc.
Persistence5/8 recent comparable periods
Coverage3/5 companies · 83 observations
Investor read: Core Natural Resources, Inc. is the scale benchmark; Core Natural Resources, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Core Natural Resources, Inc.'s growth falls below Core Natural Resources, Inc.'s for two consecutive comparable reports while operating margin also compresses.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
Revenue growthfastest growers
Revenue · company comparison
3/5 level · 3/5 change
On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.
All-company data · latest reported quarter
In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| Core Natural Resources, Inc. CNR | $1.1B | 6.6% | Mar 2026 |
| Peabody Energy Corporation BTU | $973M | 3.8% | Jun 2026 |
| Alliance Resource Partners, L.P. ARLP | $516M | -4.4% | Jun 2026 |
| NACCO Industries, Inc. NC | $63M | -4.6% | Mar 2026 |
| Natural Resource Partners L.P. NRP | $47M | -16% | Mar 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Core Natural Resources, Inc. · CNR
$149M
$481M
$359M
$545M
$562M
$637M
$689M
$661M
$570M
$587M
$547M
$491M
$553M
$574M
$1.0B
$1.1B
$1.0B
$1.0B
$1.1B
—
NACCO Industries, Inc. · NC
$52M
$49M
$55M
$61M
$62M
$64M
$50M
$61M
$47M
$57M
$53M
$52M
$62M
$70M
$66M
$68M
$77M
$67M
$63M
—
Natural Resource Partners L.P. · NRP
$50M
$73M
$75M
$85M
$87M
$81M
$80M
$64M
$73M
$76M
$71M
$57M
$52M
$65M
$56M
$47M
$51M
$48M
$47M
—
Peabody Energy Corporation · BTU
$679M
$1.3B
$691M
$1.3B
$1.3B
$1.6B
$1.4B
$1.3B
$1.1B
$1.2B
$984M
$1.0B
$1.1B
$1.1B
$937M
$890M
$1.0B
$1.0B
$973M
—
Revenue growth · reported quarter history
Alliance Resource Partners, L.P. · ARLP
—
29%
—
—
—
49%
—
—
—
-11%
—
—
—
-5.6%
—
—
—
-9.2%
-4.4%
—
Core Natural Resources, Inc. · CNR
—
—
—
90%
277%
32%
92%
21%
1.4%
-7.9%
-21%
-26%
-3.0%
-2.2%
86%
124%
81%
82%
6.6%
—
NACCO Industries, Inc. · NC
—
—
—
33%
19%
31%
-9.1%
0.0%
-24%
-11%
6.0%
-15%
32%
23%
25%
31%
24%
-4.3%
-4.6%
—
Natural Resource Partners L.P. · NRP
—
—
—
136%
74%
11%
6.7%
-25%
-16%
-6.2%
-11%
-11%
-29%
-14%
-21%
-18%
-1.9%
-26%
-16%
—
Peabody Energy Corporation · BTU
—
—
—
83%
98%
29%
97%
-4.0%
-20%
-24%
-28%
-18%
0.8%
-9.1%
-4.8%
-15%
-7.0%
-9.0%
3.8%
—
06 · compare level, then change
Operating Economics & Margin Trend
Natural Resource Partners L.P. has the highest OPM among the 5 Thermal Coal companies compared here, at 60.2%. NACCO Industries, Inc. is next at 17.5%. Core Natural Resources, Inc. has the highest Margin change at +8.4 percentage points, so level and change sit with different companies. 5 of 5 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Natural Resource Partners L.P. leads opm at 60.2%; Core Natural Resources, Inc. leads margin change at +8.4 percentage points.
LeaderNatural Resource Partners L.P. · 60.2%
Gap244% versus #2 · NACCO Industries, Inc.
Persistence3/8 recent comparable periods
Coverage5/5 companies · 83 observations
Investor read: Natural Resource Partners L.P. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
Margin changefastest expanders
Operating margin · company comparison
5/5 level · 5/5 change
All-company data · latest reported quarter
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| Natural Resource Partners L.P. NRP | 60% | −8.2 pp | Mar 2026 |
| NACCO Industries, Inc. NC | 18% | +5.8 pp | Mar 2026 |
| Alliance Resource Partners, L.P. ARLP | 4.2% | −13.2 pp | Jun 2026 |
| Core Natural Resources, Inc. CNR | 1.2% | +8.4 pp | Mar 2026 |
| Peabody Energy Corporation BTU | -4.5% | −7.9 pp | Jun 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
Alliance Resource Partners, L.P. · ARLP
—
13%
—
—
—
31%
—
—
—
19%
—
—
—
2.6%
17%
—
—
18%
4.2%
—
Core Natural Resources, Inc. · CNR
-93%
37%
2.4%
30%
36%
39%
41%
32%
23%
86%
19%
14%
18%
28%
-7.2%
-0.8%
-0.8%
-15%
1.2%
—
NACCO Industries, Inc. · NC
53%
22%
27%
48%
16%
25%
3.6%
2.9%
-14%
-119%
8.9%
14%
32%
5.5%
12%
-0.1%
8.8%
11%
18%
—
Natural Resource Partners L.P. · NRP
65%
75%
78%
75%
77%
68%
79%
73%
74%
68%
76%
74%
66%
70%
68%
71%
67%
70%
60%
—
Peabody Energy Corporation · BTU
-6.5%
41%
-10%
34%
31%
36%
30%
21%
15%
20%
5.2%
22%
11%
3.6%
3.4%
-4.3%
-8.0%
0.8%
-4.5%
—
Margin change · reported quarter history
Alliance Resource Partners, L.P. · ARLP
—
+0.5 pp
—
—
—
+18.3 pp
—
—
—
−12.7 pp
—
—
—
−15.9 pp
—
—
—
+15.6 pp
−13.2 pp
—
Core Natural Resources, Inc. · CNR
—
—
—
+26.1 pp
+128.9 pp
+2.1 pp
+38.8 pp
+2.1 pp
−13.8 pp
+46.8 pp
−21.8 pp
−17.9 pp
−4.2 pp
−58.2 pp
−26.6 pp
−15.1 pp
−19.2 pp
−43.0 pp
+8.4 pp
—
NACCO Industries, Inc. · NC
—
—
—
+29.5 pp
−37.4 pp
+2.5 pp
−23.6 pp
−45.5 pp
−29.4 pp
−143.3 pp
+5.3 pp
+11.2 pp
+45.4 pp
+124.3 pp
+2.8 pp
−14.2 pp
−23.1 pp
+5.8 pp
+5.8 pp
—
Natural Resource Partners L.P. · NRP
—
—
—
+12.9 pp
+12.3 pp
−7.0 pp
+0.5 pp
−2.4 pp
−2.6 pp
+0.7 pp
−2.2 pp
+0.7 pp
−8.0 pp
+1.8 pp
−8.0 pp
−2.4 pp
+0.1 pp
−0.1 pp
−8.2 pp
—
Peabody Energy Corporation · BTU
—
—
—
+34.6 pp
+37.8 pp
−5.4 pp
+39.9 pp
−13.4 pp
−16.6 pp
−15.5 pp
−24.5 pp
+1.8 pp
−3.7 pp
−16.7 pp
−1.8 pp
−26.7 pp
−19.0 pp
−2.8 pp
−7.9 pp
—
07 · compare level, then change
Profit Scale & Acceleration
Natural Resource Partners L.P. has the highest Net profit among the 5 Thermal Coal companies compared here, at $116 million. NACCO Industries, Inc. is next at $21 million. The same company also holds the highest Profit growth, at -30.9%. 3 of 5 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Natural Resource Partners L.P. leads with $116 million of TTM profit, 452.4% above NACCO Industries, Inc.. Natural Resource Partners L.P. shows -30.9% growth from a $116 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderNatural Resource Partners L.P. · $116 million
Gap452.4% versus #2 · NACCO Industries, Inc.
Persistence0/8 recent comparable periods
Coverage3/5 companies · 83 observations
Investor read: Natural Resource Partners L.P. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
Net profit · company comparison
3/5 level · 2/5 change
All-company data · latest reported quarter
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Core Natural Resources, Inc. CNR | $21M | -355% | Mar 2026 |
| Natural Resource Partners L.P. NRP | $20M | -50% | Mar 2026 |
| Alliance Resource Partners, L.P. ARLP | $11M | -86% | Jun 2026 |
| NACCO Industries, Inc. NC | $9M | 80% | Mar 2026 |
| Peabody Energy Corporation BTU | $-25M | -166% | Jun 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Alliance Resource Partners, L.P. · ARLP
—
$52M
—
—
—
$218M
—
—
—
$117M
—
—
—
$18M
$76M
—
—
$84M
$11M
—
Core Natural Resources, Inc. · CNR
$-114M
$117M
$-4M
$126M
$152M
$193M
$230M
$168M
$101M
$157M
$102M
$58M
$96M
$31M
$-69M
$-37M
$32M
$-79M
$21M
—
NACCO Industries, Inc. · NC
$25M
$8M
$13M
$37M
$11M
$14M
$6M
$3M
$-4M
$-44M
$5M
$6M
$16M
$8M
$5M
$3M
$13M
$-4M
$9M
—
Natural Resource Partners L.P. · NRP
$29M
$56M
$64M
$67M
$75M
$63M
$79M
$70M
$64M
$65M
$56M
$46M
$39M
$43M
$40M
$34M
$31M
$31M
$20M
—
Peabody Energy Corporation · BTU
$-60M
$508M
$-120M
$411M
$384M
$642M
$284M
$204M
$129M
$199M
$46M
$211M
$113M
$38M
$38M
$-26M
$-67M
$12M
$-25M
—
Profit growth · reported quarter history
Alliance Resource Partners, L.P. · ARLP
—
49%
—
—
—
319%
—
—
—
-46%
—
—
—
-85%
—
—
—
367%
-86%
—
Core Natural Resources, Inc. · CNR
—
—
—
3,050%
—
65%
—
33%
-34%
-19%
-56%
-65%
-5.0%
-80%
-168%
-164%
-67%
-355%
—
—
NACCO Industries, Inc. · NC
—
—
—
429%
-56%
75%
-54%
-92%
-136%
-414%
-17%
100%
—
—
0.0%
-50%
-19%
-150%
80%
—
Natural Resource Partners L.P. · NRP
—
—
—
347%
159%
13%
23%
4.5%
-15%
3.2%
-29%
-34%
-39%
-34%
-29%
-26%
-21%
-28%
-50%
—
Peabody Energy Corporation · BTU
—
—
—
—
—
26%
—
-50%
-66%
-69%
-84%
3.4%
-12%
-81%
-17%
-112%
-159%
-68%
-166%
—
08 · compare level, then change
Return On Capital Employed
Alliance Resource Partners, L.P. has the highest ROCE among the 5 Thermal Coal companies compared here, at 7.2%. Natural Resource Partners L.P. is next at 3.8%. The same company also holds the highest ROCE change, at +3.1 percentage points. 5 of 5 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Alliance Resource Partners, L.P. leads ROCE at 7.2%, 3.4 percentage points above Natural Resource Partners L.P.. Alliance Resource Partners, L.P. has the strongest latest improvement at +3.1 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
LeaderAlliance Resource Partners, L.P. · 7.2%
Gap89.5% versus #2 · Natural Resource Partners L.P.
Persistence3/8 recent comparable periods
Coverage5/5 companies · 89 observations
Investor read: Alliance Resource Partners, L.P. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
ROCE changefastest improvers
Return on capital · company comparison
5/5 level · 5/5 change
All-company data · latest reported quarter
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| Alliance Resource Partners, L.P. ARLP | 7.2% | +3.1 pp | Jun 2026 |
| Natural Resource Partners L.P. NRP | 3.8% | −1.3 pp | Mar 2026 |
| NACCO Industries, Inc. NC | 1.8% | +0.3 pp | Mar 2026 |
| Core Natural Resources, Inc. CNR | 0.2% | +2.1 pp | Mar 2026 |
| Peabody Energy Corporation BTU | -2.2% | −1.4 pp | Jun 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
Alliance Resource Partners, L.P. · ARLP
0.0%
3.1%
—
—
0.0%
9.9%
—
—
0.0%
4.6%
—
—
0.0%
0.6%
—
—
3.9%
3.7%
1.7%
7.2%
Core Natural Resources, Inc. · CNR
-6.5%
8.3%
0.4%
7.6%
9.5%
11%
13%
9.7%
5.8%
23%
4.7%
3.1%
4.5%
6.9%
-1.9%
-0.2%
-0.2%
-4.1%
0.2%
—
NACCO Industries, Inc. · NC
6.3%
2.4%
3.3%
6.3%
2.0%
3.2%
0.4%
0.3%
-1.2%
-14%
0.9%
1.5%
3.8%
0.7%
1.5%
0.0%
1.2%
1.3%
1.8%
—
Natural Resource Partners L.P. · NRP
3.7%
6.2%
6.7%
7.6%
8.2%
6.4%
7.5%
5.9%
7.1%
6.7%
7.1%
5.5%
4.6%
6.1%
5.1%
4.5%
4.6%
4.6%
3.8%
—
Peabody Energy Corporation · BTU
-1.4%
13%
-1.8%
11%
11%
13%
8.9%
5.6%
3.5%
5.2%
1.0%
4.7%
2.4%
0.8%
0.6%
-0.8%
-1.6%
0.2%
-0.9%
-2.2%
ROCE change · reported quarter history
Alliance Resource Partners, L.P. · ARLP
—
—
—
—
0.0 pp
+6.8 pp
—
—
0.0 pp
−5.3 pp
—
—
0.0 pp
−4.0 pp
—
—
+3.9 pp
+3.1 pp
—
—
Core Natural Resources, Inc. · CNR
—
—
—
—
+16.0 pp
+3.1 pp
+12.7 pp
+2.1 pp
−3.7 pp
+11.1 pp
−8.4 pp
−6.6 pp
−1.3 pp
−15.6 pp
−6.6 pp
−3.3 pp
−4.7 pp
−11.0 pp
+2.1 pp
—
NACCO Industries, Inc. · NC
—
—
—
—
−4.3 pp
+0.8 pp
−2.9 pp
−6.0 pp
−3.2 pp
−16.8 pp
+0.5 pp
+1.2 pp
+5.0 pp
+14.3 pp
+0.6 pp
−1.5 pp
−2.6 pp
+0.6 pp
+0.3 pp
—
Natural Resource Partners L.P. · NRP
—
—
—
—
+4.5 pp
+0.2 pp
+0.8 pp
−1.7 pp
−1.1 pp
+0.3 pp
−0.4 pp
−0.4 pp
−2.5 pp
−0.6 pp
−2.0 pp
−1.0 pp
0.0 pp
−1.5 pp
−1.3 pp
—
Peabody Energy Corporation · BTU
—
—
—
—
+12.3 pp
+0.2 pp
+10.7 pp
−5.7 pp
−7.4 pp
−8.2 pp
−7.9 pp
−0.9 pp
−1.1 pp
−4.4 pp
−0.4 pp
−5.5 pp
−4.0 pp
−0.6 pp
−1.5 pp
−1.4 pp
09 · compare level, then change
Valuation Against Growth & Quality
NACCO Industries, Inc. has the lowest PEG among the 5 Thermal Coal companies compared here, at 0.14×. Alliance Resource Partners, L.P. has the lowest P/E at 11.7×, so level and change sit with different companies. 2 of 5 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: NACCO Industries, Inc. has the lowest comparable PEG at 0.14×, 0% below Natural Resource Partners L.P.. Only 2 of 5 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderNACCO Industries, Inc. · 0.14×
Gap0% versus #2 · Natural Resource Partners L.P.
Persistence0/8 recent comparable periods
Coverage2/5 companies · 3 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
P/Elowest P/E
Valuation · company comparison
2/5 level · 5/5 change
All-company data · latest reported quarter
| Company | PEG | P/E | Reported |
|---|---|---|---|
| Natural Resource Partners L.P. NRP | 0.1 | 14.2 | Mar 2026 |
| NACCO Industries, Inc. NC | 0.1 | 18.1 | Mar 2026 |
| Core Natural Resources, Inc. CNR | 0.1 | 32.0 | Mar 2026 |
| Alliance Resource Partners, L.P. ARLP | — | 11.7 | Jun 2026 |
| Peabody Energy Corporation BTU | — | 13.0 | Jun 2026 |
Full 20-quarter history · every available company
PEG · reported quarter history
Core Natural Resources, Inc. · CNR
—
—
—
—
—
—
—
—
—
0.1
—
—
—
—
—
—
—
—
—
—
NACCO Industries, Inc. · NC
—
—
—
—
—
—
0.1
—
—
—
—
—
—
—
—
—
—
—
—
—
Natural Resource Partners L.P. · NRP
—
—
—
—
—
—
—
0.1
—
—
—
—
—
—
—
—
—
—
—
—
P/E · reported quarter history
Alliance Resource Partners, L.P. · ARLP
—
9.3
—
—
—
4.6
—
—
—
4.4
—
—
—
9.5
—
—
13.5
9.7
14.6
11.7
Core Natural Resources, Inc. · CNR
—
23.7
—
14.5
5.9
5.0
3.0
3.2
5.3
5.1
5.1
7.6
7.7
11.1
15.9
32.0
—
—
—
—
NACCO Industries, Inc. · NC
6.1
5.4
5.5
3.4
5.1
3.8
4.0
7.9
14.4
—
—
—
—
6.6
7.3
10.4
10.8
20.9
18.1
—
Natural Resource Partners L.P. · NRP
10.4
7.0
5.9
3.8
3.5
4.1
3.9
4.1
6.6
7.1
6.8
6.7
7.9
9.8
10.0
9.0
9.6
10.4
14.2
—
Peabody Energy Corporation · BTU
—
3.4
10.2
4.1
3.1
3.2
2.5
2.4
3.5
4.9
6.8
5.8
7.0
7.8
5.0
13.0
—
—
—
—
10 · before the conclusion, check the blind spots
What can make this comparison misleading?
This Thermal Coal comparison names 5 specific ways its own evidence can mislead, all listed below. All 5 companies here report on comparable dates, so no rank carries a stale marker. 1 of the 5 ranked sections has fewer than three usable current readings. A high growth rate can still be a low-base artefact.
Keep these limits visible
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- Thin comparisons: Valuation have fewer than three usable current readings.
11 · evidence and freshness
How was this comparison built?
This comparison is built from the reported filings of 5 Thermal Coal companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-08-04. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-08-04 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
12 · questions investors ask, short speakable answers
Thermal Coal company comparison FAQs
These 22 answers restate the Thermal Coal comparison above in question form. Every one is computed from the same 5 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-08-04. Nothing here is estimated, and none of it is a recommendation.
Is the Thermal Coal sector outperforming S&P 500?
Thermal Coal has underperformed S&P 500 by 4.2% over 52 weeks and 8.8% over 13 weeks. 0 of 5 covered companies beat the S&P 500 on Mansfield relative strength, while 2 of 5 beat the sector itself.
Which Thermal Coal company is largest by revenue?
Core Natural Resources, Inc. leads with revenue of $4,231 million, based on 3 of 5 comparable companies through Mar 2026.
Which Thermal Coal company is growing fastest?
Core Natural Resources, Inc. has the fastest current revenue growth at 60.6%, across 3 of 5 comparable companies.
Which Thermal Coal company has the strongest 4-Factor Sector Score?
Alliance Resource Partners, L.P. ranks first at 63.4/100 with 51% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Thermal Coal company has the lowest comparable PEG?
NACCO Industries, Inc. has the lowest comparable PEG at 0.14, among 2 of 5 companies whose earnings and growth are steady enough for the ratio to mean anything.
How much history does this Thermal Coal comparison include?
The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
Which Thermal Coal company is the biggest?
Core Natural Resources, Inc. is the largest, with trailing-twelve-month revenue of $4,231 million, ahead of NACCO Industries, Inc. at $275 million. That covers 3 of 5 companies with comparable reporting through Mar 2026.
Which Thermal Coal company has the best profit margins?
Natural Resource Partners L.P. has the highest operating margin at 60.2%, from 5 of 5 comparable companies. Core Natural Resources, Inc. shows the biggest recent improvement, at +8.4 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Thermal Coal company makes the most profit?
Natural Resource Partners L.P. earns the most, at $116 million of trailing-twelve-month net profit, from 3 of 5 comparable companies. Natural Resource Partners L.P. has the fastest profit growth at -30.9%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Thermal Coal company earns the highest return on capital?
Alliance Resource Partners, L.P. leads on return on capital employed at 7.2%, across 5 of 5 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which Thermal Coal stock is the cheapest?
On PEG — where a LOWER number is cheaper — NACCO Industries, Inc. screens cheapest at 0.14×. Only 2 of 5 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Is the Thermal Coal sector beating the market?
Thermal Coal has underperformed S&P 500 by 4.2% over the last 52 weeks and 8.8% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 0 of 5 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.
Which Thermal Coal stock has the strongest price momentum?
Alliance Resource Partners, L.P. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Thermal Coal company scores highest for research priority?
Alliance Resource Partners, L.P. scores 63.4 out of 100 with 51% evidence confidence, from 18.4 points on growth and earnings, 15.2 on capital efficiency, 11.5 on valuation and 18.3 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Thermal Coal companies does this comparison cover, and over what period?
It compares 5 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the Thermal Coal sector?
The 5 Thermal Coal companies on this page carry $11,767 million of combined market value. Core Natural Resources, Inc. is the largest at $4,090 million, about 35% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-04.
What is the Thermal Coal sector's P/E ratio?
The median price-to-earnings ratio across the 5 Thermal Coal companies on this page is 14.2×, measured on the 5 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-04.
How is the Thermal Coal sector performing?
0 of the 5 covered Thermal Coal companies are beating S&P 500 on Mansfield relative strength. The sector itself is 4.2% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-04.
How many Thermal Coal stocks are listed in the US?
This comparison covers 5 listed Thermal Coal companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.