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CVI logoCVR Energy, Inc.(CVI)Earnings, Financials & Key Ratios

CVI•NYSE
$32.79
$3.3B mkt cap·121.4× P/E·Price updated May 6, 2026
SectorEnergyIndustryOil Refining & MarketingSub-IndustryPetroleum Refining and Marketing
AboutCVR Energy, Inc., together with its subsidiaries, engages in the petroleum refining and nitrogen fertilizer manufacturing activities in the United States. It operates in two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment refines and markets gasoline, diesel fuel, and other refined products. It also owns and operates a coking medium-sour crude oil refinery in southeast Kansas; and a crude oil refinery in Wynnewood, Oklahoma, as well as supporting logistics assets. This segment primarily serves retailers, railroads, farm co-operatives, and other refiners/marketers. The Nitrogen Fertilizer segment owns and operates a nitrogen fertilizer plant in North America that utilizes a pet coke gasification process to produce nitrogen fertilizer products; and a nitrogen fertilizer facility in East Dubuque, Illinois that produces nitrogen fertilizers in the form of ammonia and urea ammonium nitrate (UAN). It primarily markets UAN products to agricultural customers; and ammonia products to agricultural and industrial customers. The company was founded in 1906 and is headquartered in Sugar Land, Texas. CVR Energy, Inc. is a subsidiary of Icahn Enterprises L.P.Show more
  • Revenue$7.16B-5.9%
  • EBITDA$570M+60.1%
  • Net Income$27M+285.7%
  • EPS (Diluted)0.27+287.4%
  • Gross Margin4.4%+69.9%
  • EBITDA Margin7.96%+70.1%
  • Operating Margin2.33%+205.9%
  • Net Margin0.38%+309.8%
  • ROE3.02%+315.9%
  • ROIC6.18%+219.0%
  • Debt/Equity2.04-6.4%
  • Interest Coverage1.59+27.6%
Technical→

CVI Key Insights

CVR Energy, Inc. (CVI) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 29.3%
  • ✓Strong Piotroski F-Score: 8/9
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 12.8%
  • ✓Efficient asset utilization: 1.9x turnover

✗Weaknesses

  • ✗High debt to equity ratio of 2.0x
  • ✗Negative free cash flow

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

CVI Price & Volume

CVR Energy, Inc. (CVI) stock price & volume — 10-year historical chart

Loading chart...

CVI Growth Metrics

CVR Energy, Inc. (CVI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years2.8%
5 Years12.75%
3 Years-13.05%
TTM1.38%

Profit CAGR

10 Years-16.79%
5 Years-
3 Years-61.22%
TTM78.68%

EPS CAGR

10 Years-17.94%
5 Years-
3 Years-61.14%
TTM78.97%

Return on Capital

10 Years11.46%
5 Years16.98%
3 Years15.53%
Last Year5.34%

CVI Recent Earnings

CVR Energy, Inc. (CVI) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Apr 29, 2026
EPS
$1.24
Est $0.54
-129.6%
Revenue
$2.0B
Est $1.7B
+14.3%
Q1 2026
Feb 18, 2026
EPS
$0.80
Est $0.84
+4.8%
Revenue
$1.8B
Est $1.7B
+6.7%
Q4 2025
Oct 29, 2025
EPS
$0.40
Est $0.20
+100.0%
Revenue
$1.9B
Est $1.7B
+12.8%
Q3 2025
Jul 30, 2025
EPS
$0.23
Est $0.08
-187.5%
Revenue
$1.8B
Est $1.7B
+4.3%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 29, 2026
$1.24vs $0.54-129.6%
$2.0Bvs $1.7B+14.3%
Q1 2026Feb 18, 2026
$0.80vs $0.84+4.8%
$1.8Bvs $1.7B+6.7%
Q4 2025Oct 29, 2025
$0.40vs $0.20+100.0%
$1.9Bvs $1.7B+12.8%
Q3 2025Jul 30, 2025
$0.23vs $0.08-187.5%
$1.8Bvs $1.7B+4.3%
Based on last 12 quarters of dataView full earnings history →

CVI Peer Comparison

CVR Energy, Inc. (CVI) competitors in Petroleum Refining and Marketing — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
DKL logoDKLDelek Logistics Partners, LPDirect Competitor2.72B51.2415.537.73%16%19.17%5.75
DK logoDKDelek US Holdings, Inc.Direct Competitor2.76B45.00-118.42-9.53%-0.48%-12.94%6.13
PBF logoPBFPBF Energy Inc.Direct Competitor4.88B41.59-29.92-11.42%-0.54%-2.98%0.53
PARR logoPARRPar Pacific Holdings, Inc.Direct Competitor3.08B62.298.70-6.39%6.02%32.37%0.90
CLMT logoCLMTCalumet, Inc.Direct Competitor2.99B34.50-12.920.2%-0.92%
MPC logoMPCMarathon Petroleum CorporationProduct Competitor72.38B245.7818.52-4.44%3.41%19.57%1.43
VLO logoVLOValero Energy CorporationProduct Competitor70.78B236.6931.27-5.54%3.33%15.69%0.44
PSX logoPSXPhillips 66Product Competitor68.85B171.7215.91-7.64%3.04%14.14%0.76

Compare CVI vs Peers

CVR Energy, Inc. (CVI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs DKL

Most directly comparable listed peer for CVI.

Scale Benchmark

vs MPC

Larger-name benchmark to compare CVI against a more recognizable public peer.

Peer Set

Compare Top 5

vs DKL, DK, PBF, PARR

CVI Income Statement

CVR Energy, Inc. (CVI) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Sales/Revenue5.99B7.12B6.36B3.93B7.24B10.9B9.25B7.61B7.16B7.5B
Revenue Growth %25.22%18.97%-10.67%-38.25%84.27%50.46%-15.13%-17.7%-5.89%1.38%
Cost of Goods Sold5.73B6.47B5.67B4.13B7.03B9.77B7.98B7.41B6.85B7.39B
COGS % of Revenue95.64%90.88%89.11%105.06%97.11%89.69%86.31%97.41%95.6%-
Gross Profit
261M▲ 0%
650M▲ 149.0%
693M▲ 6.6%
-199M▼ 128.7%
209M▲ 205.0%
1.12B▲ 437.3%
1.27B▲ 12.7%
197M▼ 84.4%
315M▲ 59.9%
107M▲ 0%
Gross Margin %4.36%9.12%10.89%-5.06%2.89%10.31%13.69%2.59%4.4%1.43%
Gross Profit Growth %44.2%149.04%6.62%-128.72%205.03%437.32%12.73%-84.44%59.9%-
Operating Expenses116M118M113M134M122M160M143M139M148M150M
OpEx % of Revenue1.94%1.66%1.78%3.41%1.68%1.47%1.55%1.83%2.07%-
Selling, General & Admin113M112M117M86M119M149M141M139M148M150M
SG&A % of Revenue1.89%1.57%1.84%2.19%1.64%1.37%1.52%1.83%2.07%-
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses3M6M-4M48M3M11M2M000
Operating Income
145M▲ 0%
532M▲ 266.9%
580M▲ 9.0%
-333M▼ 157.4%
87M▲ 126.1%
963M▲ 1006.9%
1.12B▲ 16.6%
58M▼ 94.8%
167M▲ 187.9%
-43M▲ 0%
Operating Margin %2.42%7.47%9.11%-8.47%1.2%8.84%12.14%0.76%2.33%-0.57%
Operating Income Growth %107.14%266.9%9.02%-157.41%126.13%1006.9%16.61%-94.84%187.93%-
EBITDA403M806M867M-55M366M1.25B1.42B356M570M370M
EBITDA Margin %6.73%11.31%13.62%-1.4%5.05%11.48%15.37%4.68%7.96%4.94%
EBITDA Growth %53.23%100%7.57%-106.34%765.45%241.8%13.59%-74.95%60.11%236.36%
D&A (Non-Cash Add-back)258M274M287M278M279M288M298M298M403M413M
EBIT147M547M593M-285M183M886M1.14B96M167M-43M
Net Interest Income-109M-102M-102M-130M-117M-85M-52M-77M-105M-105M
Interest Income1.1M000000000
Interest Expense110.1M102M102M130M117M85M52M77M105M105M
Other Income/Expense-107M-87M-89M-82M-21M-162M-38M-39M-87M88M
Pretax Income
38M▲ 0%
445M▲ 1071.1%
491M▲ 10.3%
-415M▼ 184.5%
66M▲ 115.9%
801M▲ 1113.6%
1.08B▲ 35.5%
19M▼ 98.2%
80M▲ 321.1%
45M▲ 0%
Pretax Margin %0.63%6.25%7.72%-10.56%0.91%7.35%11.73%0.25%1.12%0.6%
Income Tax-220M79M129M-95M-8M157M207M-26M-10M10M
Effective Tax Rate %-578.95%17.75%26.27%22.89%-12.12%19.6%19.08%-136.84%-12.5%22.22%
Net Income
263M▲ 0%
259M▼ 1.5%
380M▲ 46.7%
-256M▼ 167.4%
25M▲ 109.8%
463M▲ 1752.0%
769M▲ 66.1%
7M▼ 99.1%
27M▲ 285.7%
-42M▲ 0%
Net Margin %4.39%3.64%5.97%-6.51%0.35%4.25%8.32%0.09%0.38%-0.56%
Net Income Growth %952%-1.52%46.72%-167.37%109.77%1752%66.09%-99.09%285.71%78.68%
Net Income (Continuing)258M366M362M-320M74M644M878M45M90M35M
Discontinued Operations0000000000
Minority Interest785.2M622M275M200M217M260M191M185M168M197M
EPS (Diluted)
2.70▲ 0%
3.12▲ 15.6%
3.78▲ 21.2%
-2.55▼ 167.5%
0.25▲ 109.8%
4.60▲ 1740.0%
7.65▲ 66.3%
0.07▼ 99.1%
0.27▲ 287.4%
-0.42▲ 0%
EPS Growth %864.29%15.56%21.15%-167.46%109.8%1740%66.3%-99.09%287.37%78.97%
EPS (Basic)2.703.123.78-2.550.254.607.650.070.27-
Diluted Shares Outstanding86.8M92.5M100.5M100.5M100.5M100.5M100.5M100.5M100.5M100.5M
Basic Shares Outstanding86.8M92.5M100.5M100.5M100.5M100.5M100.5M100.5M100.5M100.5M
Dividend Payout Ratio66.16%91.89%80.53%-964%104.32%58.91%2157.14%--

CVI Balance Sheet

CVR Energy, Inc. (CVI) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Current Assets1.09B1.29B1.27B1.4B1.37B1.59B2.18B1.82B1.27B1.46B
Cash & Short-Term Investments481.8M668M652M667M510M510M581M987M511M512M
Cash Only481.8M668M652M667M510M510M581M987M511M512M
Short-Term Investments0000000000
Accounts Receivable179M169M182M178M299M358M286M295M235M329M
Days Sales Outstanding10.918.6610.4416.5315.0711.9911.2914.1511.9812.93
Inventory385.2M380M373M298M484M624M604M502M472M553M
Days Inventory Outstanding24.5521.4224.0126.3425.1223.327.6224.7225.1619.33
Other Current Assets076M000101M629M24M49M41M
Total Non-Current Assets2.71B2.61B2.63B2.58B2.54B2.53B2.53B2.44B2.53B2.4B
Property, Plant & Equipment2.57B2.44B2.34B2.24B2.27B2.25B2.27B2.18B2.05B2.04B
Fixed Asset Turnover2.33x2.91x2.72x1.75x3.19x4.85x4.07x3.50x3.49x4.76x
Goodwill41M000000000
Intangible Assets200K000000000
Long-Term Investments82.8M000001M24M17M17M
Other Non-Current Assets-369.2M-193M295M336M264M279M253M239M459M3.72B
Total Assets
3.81B▲ 0%
3.91B▲ 2.6%
3.9B▼ 0.1%
3.98B▲ 1.9%
3.91B▼ 1.8%
4.12B▲ 5.5%
4.71B▲ 14.3%
4.26B▼ 9.4%
3.79B▼ 11.0%
3.86B▲ 0%
Asset Turnover1.57x1.82x1.63x0.99x1.85x2.65x1.96x1.79x1.89x1.92x
Asset Growth %-6.01%2.63%-0.05%1.87%-1.81%5.45%14.28%-9.43%-11.03%-17.73%
Total Current Liabilities543.7M496M596M659M1.16B1.44B1.68B1.1B706M1.01B
Accounts Payable334M320M412M282M409M497M530M538M415M532M
Days Payables Outstanding21.2918.0426.5224.9321.2318.5624.2426.4922.1222.8
Short-Term Debt2M3M5M2M06M606M12M30M28M
Deferred Revenue (Current)12.9M69M28M31M87M48M16M0092M
Other Current Liabilities137.2M59M8M21M17M35M427M487M261M370M
Current Ratio2.01x2.61x2.14x2.13x1.18x1.11x1.30x1.66x1.79x1.79x
Quick Ratio1.30x1.84x1.51x1.68x0.77x0.67x0.94x1.20x1.13x1.13x
Cash Conversion Cycle14.1712.047.9317.9518.9616.7414.6712.3815.029.46
Total Non-Current Liabilities1.56B1.54B1.64B2.1B1.98B1.89B1.99B2.28B2.19B2.11B
Long-Term Debt1.12B1.17B1.13B1.63B1.61B1.54B1.54B1.86B1.75B1.74B
Capital Lease Obligations43M41M61M55M48M42M37M49M57M185M
Deferred Tax Liabilities385.9M362M396M368M268M249M327M277M356M1.06B
Other Non-Current Liabilities395M-9M55M49M58M55M81M93M11M276M
Total Liabilities3.81B2.66B2.24B2.76B3.14B3.33B3.67B3.38B2.9B3.13B
Total Debt1.17B1.17B1.21B1.71B1.67B1.61B2.2B1.94B1.83B1.8B
Net Debt684.7M502M562M1.04B1.16B1.1B1.62B948M1.32B1.29B
Debt / Equity0.68x0.63x0.73x1.40x2.17x2.03x2.12x2.18x2.04x2.04x
Debt / EBITDA2.89x1.45x1.40x-4.57x1.28x1.55x5.44x3.21x4.87x
Net Debt / EBITDA1.70x0.62x0.65x-3.18x0.88x1.14x2.66x2.32x2.32x
Interest Coverage1.34x5.36x5.81x-2.19x1.56x10.42x21.87x1.25x1.59x-0.41x
Total Equity
1.7B▲ 0%
1.87B▲ 9.6%
1.67B▼ 10.7%
1.22B▼ 26.9%
770M▼ 36.8%
791M▲ 2.7%
1.04B▲ 31.2%
888M▼ 14.5%
898M▲ 1.1%
735M▲ 0%
Equity Growth %-0.33%9.62%-10.71%-26.92%-36.83%2.73%31.23%-14.45%1.13%-17.95%
Book Value per Share19.6320.1916.6012.137.667.8710.338.848.947.31
Total Shareholders' Equity918.8M1.25B1.39B1.02B553M531M847M703M730M538M
Common Stock900K1M1M1M1M1M1M1M1M1M
Retained Earnings-277.4M-226M-113M-490M-956M-976M-660M-804M-777M-969M
Treasury Stock-2M-2M-2M-2M-2M-2M-2M-2M-2M-2M
Accumulated OCI-1.43B-1.64B00000000
Minority Interest785.2M622M275M200M217M260M191M185M168M197M

CVI Cash Flow Statement

CVR Energy, Inc. (CVI) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations166.9M620M747M90M396M967M948M404M144M144M
Operating CF Margin %2.79%8.7%11.74%2.29%5.47%8.87%10.25%5.31%2.01%-
Operating CF Growth %-37.61%271.48%20.48%-87.95%340%144.19%-1.96%-57.38%-64.36%389.69%
Net Income216.9M411M362M-320M74M644M878M45M27M-42M
Depreciation & Amortization214M213M287M278M279M288M298M298M403M414M
Stock-Based Compensation18.8M16M17M4M46M71M34M15M043M
Deferred Taxes-216.5M59M24M-30M-98M-17M67M-50M-8M12M
Other Non-Cash Items60.3M9M2M83M-82M19M-24M10M131M219M
Working Capital Changes-126.6M-88M55M75M177M-38M-305M86M-409M-326M
Change in Receivables-27.3M56M-40M31M-91M-78M51M-9M60M-10M
Change in Inventory-37.6M-9M-10M9M-182M-140M15M96M8M17M
Change in Payables88.1M-23M94M-121M122M78M37M2M-143M41M
Cash from Investing-195M-100M-121M-423M-238M-271M-239M-121M-362M-323M
Capital Expenditures-118.6M-102M-159M-283M-20M-274M-205M-179M-185M-287M
CapEx % of Revenue1.98%1.43%2.5%7.2%0.28%2.51%2.22%2.35%2.58%-
Acquisitions-76.5M1M37M1M03M22M010M4M
Investments----------
Other Investing100K2M1M-160M-221M0-56M-34M-187M-40M
Cash from Financing-225.9M-334M-642M355M-315M-696M-40M-482M-258M-263M
Debt Issued (Net)-1.8M00500M-32M-65M600M-275M-168M-157M
Equity Issued (Net)00-301M-7M-1M-12M0000
Dividends Paid-173.7M-238M-306M-121M-241M-483M-453M-151M00
Share Repurchases00-301M-7M-1M-12M0000
Other Financing-50.2M-96M-35M-17M-41M-136M-187M-56M-90M-106M
Net Change in Cash
-254M▲ 0%
186M▲ 173.2%
-16M▼ 108.6%
22M▲ 237.5%
-157M▼ 813.6%
0▲ 100.0%
669M▲ 0%
-199M▼ 129.7%
-476M▼ 139.2%
-183M▲ 0%
Free Cash Flow
48.3M▲ 0%
518M▲ 972.5%
588M▲ 13.5%
-193M▼ 132.8%
147M▲ 176.2%
693M▲ 371.4%
686M▼ 1.0%
172M▼ 74.9%
-41M▼ 123.8%
69M▲ 0%
FCF Margin %0.81%7.27%9.24%-4.91%2.03%6.36%7.42%2.26%-0.57%0.92%
FCF Growth %-64.17%972.46%13.51%-132.82%176.17%371.43%-1.01%-74.93%-123.84%143.13%
FCF per Share0.565.605.85-1.921.466.906.831.71-0.41-0.41
FCF Conversion (FCF/Net Income)0.63x2.39x1.97x-0.35x15.84x2.09x1.23x57.71x5.33x-1.64x
Interest Paid106M103M104M0114M96M95M112M069M
Taxes Paid15M31M69M072M170M93M60M00

CVI Key Ratios

CVR Energy, Inc. (CVI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)15.41%14.5%21.49%-17.73%2.51%59.32%84.09%0.73%3.02%-5.03%
Return on Invested Capital (ROIC)4.8%16.77%18.91%-11.13%3.11%37.81%37.08%1.94%6.18%6.18%
Gross Margin4.36%9.12%10.89%-5.06%2.89%10.31%13.69%2.59%4.4%1.43%
Net Margin4.39%3.64%5.97%-6.51%0.35%4.25%8.32%0.09%0.38%-0.56%
Debt / Equity0.68x0.63x0.73x1.40x2.17x2.03x2.12x2.18x2.04x2.04x
Interest Coverage1.34x5.36x5.81x-2.19x1.56x10.42x21.87x1.25x1.59x-0.41x
FCF Conversion0.63x2.39x1.97x-0.35x15.84x2.09x1.23x57.71x5.33x-1.64x
Revenue Growth25.22%18.97%-10.67%-38.25%84.27%50.46%-15.13%-17.7%-5.89%1.38%

CVI SEC Filings & Documents

CVR Energy, Inc. (CVI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 29, 2026·SEC

Material company update

Feb 24, 2026·SEC

Material company update

Feb 18, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 18, 2026·SEC

FY 2025

Feb 19, 2025·SEC

FY 2024

Feb 21, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 29, 2026·SEC

FY 2025

Oct 30, 2025·SEC

FY 2025

Jul 31, 2025·SEC

CVI Frequently Asked Questions

CVR Energy, Inc. (CVI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

CVR Energy, Inc. (CVI) reported $7.50B in revenue for fiscal year 2025. This represents a 415% increase from $1.45B in 2005.

CVR Energy, Inc. (CVI) saw revenue decline by 5.9% over the past year.

CVR Energy, Inc. (CVI) reported a net loss of $42.0M for fiscal year 2025.

Dividend & Returns

CVR Energy, Inc. (CVI) has a return on equity (ROE) of 3.0%. This is below average, suggesting room for improvement.

CVR Energy, Inc. (CVI) generated $69.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More CVI

CVR Energy, Inc. (CVI) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

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