CVI
CVR Energy, Inc.
Oil & Gas Refining & Marketing
Market Cap$3.28B
5Y Perf.+101.9%
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Stock Comparison
CVI vs CLMT vs PARR vs DKL
Revenue, margins, valuation, and 5-year total return — side by side.
CLMT
Calumet, Inc.
Oil & Gas Exploration & Production
Market Cap$3.00B
5Y Perf.+1246.7%
PARR
Par Pacific Holdings, Inc.
Oil & Gas Refining & Marketing
Market Cap$3.08B
5Y Perf.+570.1%
DKL
Delek Logistics Partners, LP
Oil & Gas Midstream
Market Cap$2.71B
5Y Perf.+114.3%
CVI vs CLMT vs PARR vs DKL — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | CVI | CLMT | PARR | DKL |
|---|---|---|---|---|
| Industry | Oil & Gas Refining & Marketing | Oil & Gas Exploration & Production | Oil & Gas Refining & Marketing | Oil & Gas Midstream |
| Market Cap | $3.28B | $3.00B | $3.08B | $2.71B |
| Revenue (TTM) | $7.50B | $4.05B | $7.54B | $1.06B |
| Net Income (TTM) | $-42M | $-37M | $454M | $170M |
| Gross Margin | 1.4% | 8.2% | 19.5% | 19.2% |
| Operating Margin | -0.6% | 4.8% | 8.2% | 16.5% |
| Forward P/E | 35.3x | 452.4x | 5.6x | 13.8x |
| Total Debt | $1.83B | $2.37B | $1.39B | $35M |
| Cash & Equiv. | $511M | $38M | $164M | $11M |
CVI vs CLMT vs PARR vs DKL — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
CVI
CLMT
PARR
DKL
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| CVR Energy, Inc. (CVI) | 100 | 201.9 | +101.9% |
| Calumet, Inc. (CLMT) | 100 | 1346.7 | +1246.7% |
| Par Pacific Holding… (PARR) | 100 | 670.1 | +570.1% |
| Delek Logistics Par… (DKL) | 100 | 214.3 | +114.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CVI vs CLMT vs PARR vs DKL
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: PARR and DKL are tied at the top with 3 categories each — the right choice depends on your priorities. Delek Logistics Partners, LP is the stronger pick specifically for growth and revenue expansion and profitability and margin quality. CVI also leads in specific categories worth noting. As sector peers, any of these can serve as alternatives in the same allocation.
CVI
CVR Energy, Inc.
The Defensive Pick
CVI is the clearest fit if your priority is sleep-well-at-night and defensive.
- Lower volatility, beta 0.11, current ratio 1.79x
- Beta 0.11, current ratio 1.79x
- Beta 0.11 vs CLMT's 0.40
Best for: sleep-well-at-night and defensive
CLMT
Calumet, Inc.
The Long-Run Compounder
CLMT is the clearest fit if your priority is long-term compounding.
- 8.3% 10Y total return vs PARR's 255.3%
Best for: long-term compounding
PARR
Par Pacific Holdings, Inc.
The Value Play
PARR carries the broadest edge in this set and is the clearest fit for value and momentum.
- Lower P/E (5.6x vs 13.8x)
- +276.6% vs DKL's +45.1%
- 11.2% ROA vs CLMT's -1.4%, ROIC 15.1% vs 0.3%
Best for: value and momentum
DKL
Delek Logistics Partners, LP
The Income Pick
DKL is the #2 pick in this set and the best alternative if income & stability and growth exposure is your priority.
- Dividend streak 5 yrs, beta 0.35, yield 8.7%
- Rev growth 7.7%, EPS growth 10.4%, 3Y rev CAGR -0.7%
- 7.7% revenue growth vs PARR's -6.4%
- 16.0% margin vs CLMT's -0.9%
Best for: income & stability and growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | DKL | 7.7% revenue growth vs PARR's -6.4% |
| Value | PARR | Lower P/E (5.6x vs 13.8x) |
| Quality / Margins | DKL | 16.0% margin vs CLMT's -0.9% |
| Stability / Safety | CVI | Beta 0.11 vs CLMT's 0.40 |
| Dividends | DKL | 8.7% yield; 5-year raise streak; the other 3 pay no meaningful dividend |
| Momentum (1Y) | PARR | +276.6% vs DKL's +45.1% |
| Efficiency (ROA) | PARR | 11.2% ROA vs CLMT's -1.4%, ROIC 15.1% vs 0.3% |
CVI vs CLMT vs PARR vs DKL — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2024
FY 2025
FY 2023
CVI vs CLMT vs PARR vs DKL — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLPARRLAGGINGCLMT
Who Leads Where
DKL leads in 2 of 6 categories
PARR leads 2 • CVI leads 0 • CLMT leads 0 • 2 tied
Explore the data ↓CLMTCalumet, Inc.
0leads
CVICVR Energy, Inc.
0leads
DKLDelek Logistics Partn…
2leads
PARRPar Pacific Holdings,…
2leads
6 Total Categories
CATEGORYLEADERvs DKLvs CVIMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
DKL3/6
Valuation MetricsMultiples, price ratios, and targets
PARR4/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
PARR5/9
Total Returns1Y, 3Y, 5Y total returns with dividends
Tied
—
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
DKL1/1
Income & Cash Flow (Last 12 Months)
DKL leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
PARR is the larger business by revenue, generating $7.5B annually — 7.1x DKL's $1.1B. DKL is the more profitable business, keeping 16.0% of every revenue dollar as net income compared to CLMT's -0.9%. On growth, CVI holds the edge at +20.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | CVICVR Energy, Inc. | CLMTCalumet, Inc. | PARRPar Pacific Holdi… | DKLDelek Logistics P… |
|---|---|---|---|---|
| RevenueTrailing 12 months | $7.5B | $4.0B | $7.5B | $1.1B |
| EBITDAEarnings before interest/tax | $370M | $256M | $760M | $310M |
| Net IncomeAfter-tax profit | -$42M | -$37M | $454M | $170M |
| Free Cash FlowCash after capex | $69M | -$76M | $282M | $112M |
| Gross MarginGross profit ÷ Revenue | +1.4% | +8.2% | +19.5% | +19.2% |
| Operating MarginEBIT ÷ Revenue | -0.6% | +4.8% | +8.2% | +16.5% |
| Net MarginNet income ÷ Revenue | -0.6% | -0.9% | +6.0% | +16.0% |
| FCF MarginFCF ÷ Revenue | +0.9% | -1.9% | +3.7% | +10.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | +20.3% | -2.0% | +4.5% | +19.0% |
| EPS Growth (YoY)Latest quarter vs prior year | -56.6% | +4.1% | +2.9% | -17.8% |
DKL leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
PARR leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
At 8.7x trailing earnings, PARR trades at a 93% valuation discount to CVI's 120.7x P/E. On an enterprise value basis, PARR's 6.3x EV/EBITDA is more attractive than CLMT's 34.0x.
| Metric | CVICVR Energy, Inc. | CLMTCalumet, Inc. | PARRPar Pacific Holdi… | DKLDelek Logistics P… |
|---|---|---|---|---|
| Market CapShares × price | $3.3B | $3.0B | $3.1B | $2.7B |
| Enterprise ValueMkt cap + debt − cash | $4.6B | $5.3B | $4.3B | $2.7B |
| Trailing P/EPrice ÷ TTM EPS | 120.74x | -12.96x | 8.69x | 15.46x |
| Forward P/EPrice ÷ next-FY EPS est. | 35.30x | 452.42x | 5.62x | 13.82x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — |
| EV / EBITDAEnterprise value multiple | 8.07x | 33.98x | 6.30x | 8.81x |
| Price / SalesMarket cap ÷ Revenue | 0.46x | 0.72x | 0.41x | 2.68x |
| Price / BookPrice ÷ Book value/share | 3.65x | — | 2.04x | 446.88x |
| Price / FCFMarket cap ÷ FCF | — | — | 10.39x | — |
PARR leads this category, winning 4 of 5 comparable metrics.
Profitability & Efficiency
PARR leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
DKL delivers a 19.2% return on equity — every $100 of shareholder capital generates $19 in annual profit, vs $-5 for CVI. PARR carries lower financial leverage with a 0.90x debt-to-equity ratio, signaling a more conservative balance sheet compared to DKL's 5.75x. On the Piotroski fundamental quality scale (0–9), CVI scores 8/9 vs CLMT's 2/9, reflecting strong financial health.
| Metric | CVICVR Energy, Inc. | CLMTCalumet, Inc. | PARRPar Pacific Holdi… | DKLDelek Logistics P… |
|---|---|---|---|---|
| ROE (TTM)Return on equity | -5.0% | — | +32.2% | +19.2% |
| ROA (TTM)Return on assets | -1.1% | -1.4% | +11.2% | +6.1% |
| ROICReturn on invested capital | +6.2% | +0.3% | +15.1% | +14.1% |
| ROCEReturn on capital employed | +5.3% | +0.5% | +18.9% | +8.3% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 2 | 7 | 4 |
| Debt / EquityFinancial leverage | 2.04x | — | 0.90x | 5.75x |
| Net DebtTotal debt minus cash | $1.3B | $2.3B | $1.2B | $24M |
| Cash & Equiv.Liquid assets | $511M | $38M | $164M | $11M |
| Total DebtShort + long-term debt | $1.8B | $2.4B | $1.4B | $35M |
| Interest CoverageEBIT ÷ Interest expense | -0.41x | 0.65x | 14.33x | 1.66x |
PARR leads this category, winning 5 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
Evenly matched — CLMT and PARR each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CLMT five years ago would be worth $59,672 today (with dividends reinvested), compared to $18,598 for DKL. Over the past 12 months, PARR leads with a +276.6% total return vs DKL's +45.1%. The 3-year compound annual growth rate (CAGR) favors PARR at 43.8% vs DKL's 13.3% — a key indicator of consistent wealth creation.
| Metric | CVICVR Energy, Inc. | CLMTCalumet, Inc. | PARRPar Pacific Holdi… | DKLDelek Logistics P… |
|---|---|---|---|---|
| YTD ReturnYear-to-date | +30.9% | +77.0% | +73.8% | +13.4% |
| 1-Year ReturnPast 12 months | +59.8% | +204.9% | +276.6% | +45.1% |
| 3-Year ReturnCumulative with dividends | +55.6% | +98.7% | +197.6% | +45.6% |
| 5-Year ReturnCumulative with dividends | +147.0% | +496.7% | +325.5% | +86.0% |
| 10-Year ReturnCumulative with dividends | +253.4% | +830.4% | +255.3% | +207.3% |
| CAGR (3Y)Annualised 3-year return | +15.9% | +25.7% | +43.8% | +13.3% |
Evenly matched — CLMT and PARR each lead in 3 of 6 comparable metrics.
Risk & Volatility
Evenly matched — CLMT and PARR each lead in 1 of 2 comparable metrics.
Risk & Volatility
PARR is the less volatile stock with a -0.01 beta — it tends to amplify market swings less than CLMT's 0.40 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CLMT currently trades 93.7% from its 52-week high vs CVI's 78.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | CVICVR Energy, Inc. | CLMTCalumet, Inc. | PARRPar Pacific Holdi… | DKLDelek Logistics P… |
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.11x | 0.40x | -0.01x | 0.35x |
| 52-Week HighHighest price in past year | $41.67 | $36.94 | $70.39 | $55.89 |
| 52-Week LowLowest price in past year | $19.63 | $11.02 | $14.18 | $37.50 |
| % of 52W HighCurrent price vs 52-week peak | +78.2% | +93.7% | +88.4% | +91.3% |
| RSI (14)Momentum oscillator 0–100 | 52.8 | 59.2 | 49.5 | 50.0 |
| Avg Volume (50D)Average daily shares traded | 1.3M | 1.2M | 1.5M | 64K |
Evenly matched — CLMT and PARR each lead in 1 of 2 comparable metrics.
Analyst Outlook
DKL leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Analyst consensus: CVI as "Hold", CLMT as "Hold", PARR as "Buy", DKL as "Hold". Consensus price targets imply 9.8% upside for DKL (target: $56) vs -10.4% for CLMT (target: $31). DKL is the only dividend payer here at 8.72% yield — a key consideration for income-focused portfolios.
| Metric | CVICVR Energy, Inc. | CLMTCalumet, Inc. | PARRPar Pacific Holdi… | DKLDelek Logistics P… |
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold | Buy | Hold |
| Price TargetConsensus 12-month target | $30.00 | $31.00 | $61.60 | $56.00 |
| # AnalystsCovering analysts | 18 | 23 | 17 | 10 |
| Dividend YieldAnnual dividend ÷ price | — | — | — | +8.7% |
| Dividend StreakConsecutive years of raises | 0 | 0 | 1 | 5 |
| Dividend / ShareAnnual DPS | — | — | — | $4.45 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | +4.1% | +0.4% |
DKL leads this category, winning 1 of 1 comparable metric.
Key Takeaway
DKL leads in 2 of 6 categories (Income & Cash Flow, Analyst Outlook). PARR leads in 2 (Valuation Metrics, Profitability & Efficiency). 2 tied.
Best OverallPar Pacific Holdings, Inc. (PARR)Leads 2 of 6 categories
Loading custom metrics...
CVI vs CLMT vs PARR vs DKL: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is CVI or CLMT or PARR or DKL a better buy right now?
For growth investors, Delek Logistics Partners, LP (DKL) is the stronger pick with 7.
7% revenue growth year-over-year, versus -6. 4% for Par Pacific Holdings, Inc. (PARR). Par Pacific Holdings, Inc. (PARR) offers the better valuation at 8. 7x trailing P/E (5. 6x forward), making it the more compelling value choice. Analysts rate Par Pacific Holdings, Inc. (PARR) a "Buy" — based on 17 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — CVI or CLMT or PARR or DKL?
On trailing P/E, Par Pacific Holdings, Inc.
(PARR) is the cheapest at 8. 7x versus CVR Energy, Inc. at 120. 7x. On forward P/E, Par Pacific Holdings, Inc. is actually cheaper at 5. 6x.
03Which is the better long-term investment — CVI or CLMT or PARR or DKL?
Over the past 5 years, Calumet, Inc.
(CLMT) delivered a total return of +496. 7%, compared to +86. 0% for Delek Logistics Partners, LP (DKL). Over 10 years, the gap is even starker: CLMT returned +830. 4% versus DKL's +207. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — CVI or CLMT or PARR or DKL?
By beta (market sensitivity over 5 years), Par Pacific Holdings, Inc.
(PARR) is the lower-risk stock at -0. 01β versus Calumet, Inc. 's 0. 40β — meaning CLMT is approximately -4578% more volatile than PARR relative to the S&P 500. On balance sheet safety, Par Pacific Holdings, Inc. (PARR) carries a lower debt/equity ratio of 90% versus 6% for Delek Logistics Partners, LP — giving it more financial flexibility in a downturn.
05Which is growing faster — CVI or CLMT or PARR or DKL?
By revenue growth (latest reported year), Delek Logistics Partners, LP (DKL) is pulling ahead at 7.
7% versus -6. 4% for Par Pacific Holdings, Inc. (PARR). On earnings-per-share growth, the picture is similar: Par Pacific Holdings, Inc. grew EPS 1314% year-over-year, compared to -552. 5% for Calumet, Inc.. Over a 3-year CAGR, CLMT leads at 10. 0% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — CVI or CLMT or PARR or DKL?
Delek Logistics Partners, LP (DKL) is the more profitable company, earning 17.
4% net margin versus -5. 3% for Calumet, Inc. — meaning it keeps 17. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: DKL leads at 18. 0% versus 0. 2% for CLMT. At the gross margin level — before operating expenses — DKL leads at 20. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is CVI or CLMT or PARR or DKL more undervalued right now?
On forward earnings alone, Par Pacific Holdings, Inc.
(PARR) trades at 5. 6x forward P/E versus 452. 4x for Calumet, Inc. — 446. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for DKL: 9. 8% to $56. 00.
08Which pays a better dividend — CVI or CLMT or PARR or DKL?
In this comparison, DKL (8.
7% yield) pays a dividend. CVI, CLMT, PARR do not pay a meaningful dividend and should not be held primarily for income.
09Is CVI or CLMT or PARR or DKL better for a retirement portfolio?
For long-horizon retirement investors, Delek Logistics Partners, LP (DKL) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
35), 8. 7% yield, +207. 3% 10Y return). Both have compounded well over 10 years (DKL: +207. 3%, CVI: +253. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between CVI and CLMT and PARR and DKL?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: CVI is a small-cap quality compounder stock; CLMT is a small-cap quality compounder stock; PARR is a small-cap deep-value stock; DKL is a small-cap deep-value stock. DKL pays a dividend while CVI, CLMT, PARR do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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