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CVICVR Energy, Inc.
$51.80$5.2B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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CVI logo

CVR Energy, Inc.

CVI
NYSE · Oil Refining & Marketing
$51.80
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$5.21B
P/E191.9x
52W High$54.71
Volume1.23M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Refining Margin Whiplash Masks Structural Cash Generation

CVR Energy's fundamentals are dominated by extreme refining margin volatility, with gross margins swinging from -14.5% in 2026Q1 to 4.3% in 2026Q2 and operating income ranging from -$326M to $516M over the past year. The company's asset-heavy model (PP&E of $2...

GrowthMixed
ProfitabilityWeak
ValuationExpensive
TechnicalsStrong
Explore valuation models
MARKET ACTION

CVI price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

7/12 Beats

EPS beat 7 of last 12 quarters

02

Valuation risk

+835% Peers

P/E is 835% above peer median

03

Market leadership

RS 96 · Leader

High momentum (Outperforming 96% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystEstimated earnings · Oct 29

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CVI+107.90%
S&P 500 (^GSPC)+12.39%
1-Year Return
CVI+48.32%
S&P 500 (^GSPC)+15.77%
3-Year Return
CVI+65.64%
S&P 500 (^GSPC)+76.87%
5-Year Return
CVI+312.07%
S&P 500 (^GSPC)+60.45%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
191.9x
Forward P/EExpansion
45.6x
EV/EBITDA100th %ile
11.5x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
191.9x
67.2x
80th· High
EV/EBITDA
11.5x
6.8x
100th· High
Price/FCF
N/A
10.9x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue
$7.16B-5.9% YoY
Net income
$27M+285.7% YoY
Free cash flow
-$41M-123.8% YoY
Operating margin
2.3%+1.6 pts YoY
ROIC (TTM)6.2%
Avg ROIC 5Y-
ROE (TTM)3%
Piotroski Score8 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate7/12 (58%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 29, 2026
$0.34+31.7%
vs $0.26
$2.7B+23.1%
vs $2.2B
Q2 2026
Apr 29, 2026
-$1.24-129.6%
vs -$0.54
$2.0B+14.3%
vs $1.7B
Q1 2026
Feb 18, 2026
-$0.80+4.8%
vs -$0.84
$1.8B+6.7%
vs $1.7B
Q4 2025
Oct 29, 2025
$0.40+100.0%
vs $0.20
$1.9B+12.8%
vs $1.7B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
24/7 Wall Street·4d ago
Carl Icahn Added Nearly 69 Million Shares of His Own Company Last Quarter

Carl Icahn keeps piling into his own holding company even as its units sink to multi-year lows, and the reasons behind his accumulation are far more complicated than a simple vote of confidence.

GuruFocus·Sep 15, 2026
CVR Energy Inc (CVI) Shares Surge 7.3% -- What GF Score of 58 Tells Investors

On September 15, 2026, CVR Energy Inc (CVI) shares rose 7.3% to a current price of $52.17. This move reflects a significant increase in price performance, with

Zacks Investment Research·Aug 10, 2026
Do Options Traders Know Something About CVR Energy Stock We Don't?

Investors need to pay close attention to CVI stock based on the movements in the options market lately.

MarketBeat·Jul 31, 2026
CVR Energy Q2 Earnings Call Highlights

CVR Energy NYSE: CVI reported strong operating performance in the second quarter of 2026, supported by high refinery and ammonia plant utilization, elevated refining margins and favorable fertilizer-market conditions. The company said it generated consolidated net income of $46 million, while reporting a loss per share of $0.03, EBITDA of $161 million and adjusted EBITDA of $209 million.

Filtered for CVR Energy, Inc.More Headlines
04

Compare before deciding

Benchmark CVI against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for CVR Energy, Inc. (CVI)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CVI logoCVICVR Energy, Inc.Current
$51.80$5.21B191.85-5.89%0.38%3.02%—
DKL logoDKLDelek Logistics Partners, LP
$54.97$2.92B16.667.73%12.85%——
DK logoDKDelek US Holdings, Inc.
$72.26$4.43B-190.16-9.53%1.86%45.98%—
PBF logoPBFPBF Energy Inc.
$70.47$8.34B-50.70-11.42%3.94%23.52%—
PARR logoPARRPar Pacific Holdings, Inc.
$76.97$3.86B10.75-6.39%9.94%56.63%—
CLMT logoCLMTCalumet Inc.
$54.38$4.74B-139.44-1.25%-2.98%——

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

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

CVI SEC Filings & Documents

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

8-K Announcements

6
Material company update

Jul 29, 2026·SEC

Material company update

Jun 23, 2026·SEC

Material company update

Jun 5, 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

Jul 29, 2026·SEC

FY 2026

Apr 29, 2026·SEC

FY 2025

Oct 30, 2025·SEC

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CVI Frequently Asked Questions

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

Growth & Financials
What is CVR Energy, Inc.'s revenue?

CVR Energy, Inc. (CVI) reported $8.47B in revenue for fiscal year 2025. This represents a 483% increase from $1.45B in 2005.

How fast is CVR Energy, Inc. growing?

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

Is CVI profitable?

Yes, CVR Energy, Inc. (CVI) is profitable, generating $69.0M in net income for fiscal year 2025 (0.4% net margin).

Dividend & Returns
What is CVI's return on equity?

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

What is CVR Energy, Inc.'s free cash flow?

CVR Energy, Inc. (CVI) generated $346.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in CVI back in 2005?

Total return calculator · dividends reinvested · 21+ years of data

See returns →