COMPARE · Reviewed July 29, 2026
CNX vs VET
Verdict: Side-by-side breakdown using the Bull Rankings model. CNX scored 72.0, VET scored 65.6 — CNX leads.
Compare another set
CNX
CNX Resources Corp
72
$34.49 · $5.0B
Score gap
6.4
CNX leads
VET
Vermilion Energy Inc.
65.6
$11.44 · $1.8B
fundamentals as of
The model, pillar by pillar (0–100 each)
CNX
stronger →← stronger
VET
88
Qualityreturns · margins · balance sheet
66
90
Growthrevenue & earnings expansion
50
81
Valuevaluation vs sector peers
100
CNX is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
CNX
VET
$557mC+
FCF
$990mC+
+45.2%A
Rev
+14.1%B+
0.56B+
D/E
0.64B
4.2xA
P/E
—
0.09A
PEG
—
—
P/S
1.4xB+
Winner per row is the stronger grade in our model; a tie or a missing value shows no highlight.
Valuation · DCF cross-check
CNX
VET
73% below
Price vs fair valuelower is cheaper
92% below
~-16%/yr
Growth the price implies10-yr FCF · lower = less priced in
decline
+185%
1-yr DCF upside
+909%
+277%
5-yr DCF upside
+1226%
+479%
10-yr DCF upside
+1882%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
CNX
Why this score
- Buying back stock
- Short track record
VET
Why this score
- Raising its dividend
- Cyclical growth
- Short track record
- Foreign reporter (CAD)
The companies
CNXCNX Resources Corp
Why now
Energy · market cap $5.0b. Down 21% from 52-week high of $43.62 — deep drawdown territory. Revenue growing +45% — in hypergrowth territory. PEG 0.09 — paying under fair value for the growth rate.
Moat
Net margin 55% is exceptional — pricing-power territory rare outside premium software, branded staples, and specialty pharma. ROE 27% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which.
Risk
Reserve-replacement treadmill — every barrel or ounce extracted has to be replaced through exploration or acquisition; underspending on replacement reserves shows up in production declines 2-3 years out.
VETVermilion Energy Inc.
Why now
Oil & Gas E&P · market cap $1.8b. Down 23% from 52-week high of $14.82 — deep drawdown territory. Revenue growing +14%, comfortably above the S&P median.
Moat
Turnaround / out-of-favor name — GAAP-unprofitable for now, so the durability case is forward-looking: it rests on a recovery (margin normalization, a cyclical upturn or restructuring) or an un-monetized asset (IP / network effects / first-mover position) rather than on current reported results.
Risk
Currently unprofitable (margin -37.0%) — path to GAAP profitability is the core thesis risk. ROE -29% is below the long-run sustainable threshold of ~10% — capital efficiency would need to improve for the equity base to compound at the market rate. Jurisdictional + permitting risk — mining and extraction operations concentrate exposure to political stability, royalty regimes, and environmental review timelines that can stall production for years.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.