CNX Resources (CNX) Return on Invested Capital [ROIC] (2009 - 2026)
CNX Resources' Return on Invested Capital [ROIC] was 6.29% in Q3 2026, up 6.78 percentage points from -0.48% a year earlier but down 0.19 percentage points from the prior quarter.
Powered by 
Analysis
CNX Resources (CNX) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at CNX Resources came in at 1.82%, up 9.42 percentage points from FY2024.
- Return on Invested Capital [ROIC] shows a five-year change of +12.21 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was -7.60% in FY2024 (-29.52 pp), 21.92% in FY2023 (+31.54 pp), -9.62% in FY2022 (+4.19 pp) and -13.81% in FY2021 (-3.41 pp).
- Quarterly Return on Invested Capital [ROIC] has moved between -11.03% (Q1 2025) and 19.30% (Q4 2023) over five years.
- Compared with a year earlier, Return on Invested Capital [ROIC] has increased for four straight quarters, with an average year-over-year change of -0.49 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q3 2023 (a gain of 22.63 percentage points); the worst was Q4 2024 (a drop of 26.92 percentage points).
- Per Business Quant data, CNX's Return on Invested Capital [ROIC] in the three quarters before Q3 2026 was 6.48% (Q2 2026), 10.07% (Q1 2026) and 1.23% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 13.86% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | - |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 12.13% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | - |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 9.03% |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 25.32% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 57.33% |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 25.31% |
| 10 | CNX Resources | 5.26 Bn | 5.25 Bn | 483.67 Mn | 14.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 14.74% |
| Jun 30, 2026 | 13.50% |
| Mar 31, 2026 | 17.20% |
| Dec 31, 2025 | 9.49% |
| Sep 30, 2025 | 4.37% |
| Jun 30, 2025 | 4.25% |
| Mar 31, 2025 | -2.84% |
| Dec 31, 2024 | 0.36% |
| Sep 30, 2024 | 8.96% |
| Jun 30, 2024 | 11.87% |
| Mar 31, 2024 | 21.16% |
| Dec 31, 2023 | 36.72% |
| Sep 30, 2023 | 39.29% |
| Jun 30, 2023 | 33.56% |
| Mar 31, 2023 | 30.86% |
| Dec 31, 2022 | 0.46% |
| Sep 30, 2022 | -14.29% |
| Jun 30, 2022 | -25.41% |
| Mar 31, 2022 | -30.71% |
| Dec 31, 2021 | -10.88% |
API Access
CNX Resources Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=CNX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "CNX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=CNX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();