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Friday 6 November 2026 Export CVI’s income statement to Excel — free account

CVR Energy Inc.

CVI Energy Oil & Gas Refining & Marketing

CVR Energy Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.2 billion, down 5.89% from fiscal 2024.

Revenue
+68.8%
EPS
+50.6%
Free cash flow
+374.4%
Total debt
−3.17%

Quarter to September 2026, against a year earlier

39.98 3.03 −7.04%
Market cap
$4.0B
P/E
15.6×
Fwd P/E
20.1×
Dividend yield
1.43%
F-score
8/9
Altman Z
2.53
Beneish M
−2.73
Dividend safety
37/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Petroleum Segment
  • Nitrogen Fertilizer Segment
  • Other, not broken out

Every year since 2016 →

Insider Decisions last twelve months

Bought, $m 16.45
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 1 — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 70.82%

Capital & Financial Ratios $m

Size
Market Cap 4,010.00
Revenue ttm 9,810.00
Net income ttm 333.00
Free cash flow ttm 829.00
Net debt Q 491.00
Valuation
P/E 15.61
Forward P/E 20.10
Price / sales 0.41
Forward P/S Powerpack
Price / FCF 4.85
Price / book 3.20
Financial health
Current ratio Q 1.73 (at or above 1.5: strong)
Debt / equity Q 1.41
Interest coverage Q 34.48
Growth
Revenue growth Q +68.78% (above 0%: growing)
Operating income growth Q +41.41% (above 0%: growing)
EPS, this year +425.39% (at or above 15%: strong)
EPS, next year A +56.58% (at or above 15%: strong)
Revenue, next year A +28.55% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.5×, against a ten-year median of 0.5×; over the ten years it ranged from 0.3× in 2023 to 0.7× in 2019.
P/E against its own 10 years 57.85%
10-year low 10-year high
P/S against its own 10 years 70.33%
10-year low 10-year high
P/B against its own 10 years 78.84%
10-year low 10-year high
EV/Sales against its own 10 years 47.27%
10-year low 10-year high
EV/FCF against its own 10 years 8.83%
10-year low 10-year high

Dividends

Yield
1.43%
Annual rate
0.57
Payout ratio
22.3%
Growth, 2017–25
+1.54%/yr
  1. 2.00 ’17
  2. 2.50 ’18 +25
  3. 3.05 ’19 +22
  4. 1.20 ’20 −61
  5. 2.49 ’21 +108
  6. 0.80 ’22 −68
  7. 2.00 ’23 +150
  8. 1.50 ’24 −25
  9. 2.26 ’25 +51
  10. 0.40 ’26e −82
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,179 987 511 1,278
Receivables 286 295 235 464
Inventory 604 502 472 655
Other 51 24 20 17
2,179 1,824 1,267 2,434
2023 2024 2025 Q'26
Payables 530 538 415 620
ST’ Debt 606 12 — —
Other 546 560 291 785
1,682 1,098 706 1,405

Compound Annual Growth %

10y 5y 3y
Sales 2.80% 12.75% (13.05%)
Cash Flow (12.33%) 9.86% (47.00%)
Earnings (16.79%) 0.00% (61.22%)
Book Value (5.62%) (5.93%) 4.32%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 3.09 Actual 4.00

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 −0.84 −0.80 Beat by 0.04
Q1 FY26 −0.54 −1.24 Miss by 0.70
Q2 FY26 0.18 0.34 Beat by 0.16
Q3 FY26 3.09 4.00 Beat by 0.91
Q4 FY26 2.03 — Reports 17 February 2027

EPS $

Mar Jun Sep Dec Year
’26 (1.91) (0.03) 5.60 — —
’25 (1.22) (1.14) 3.72 (1.10) 0.27
’24 0.81 0.21 (1.24) 0.28 0.06
’23 1.94 1.29 3.51 0.91 7.65
’22 0.93 1.64 0.92 1.11 4.60
’21 (0.39) (0.06) 0.83 (0.14) 0.25
’20 (0.87) (0.05) (0.96) (0.67) (2.54)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,980 2,738 3,281 — —
’25 1,646 1,761 1,944 1,811 7,162
’24 1,863 1,967 1,833 1,947 7,610
’23 2,286 2,236 2,522 2,203 9,247
’22 2,373 3,144 2,699 2,680 10,896
’21 1,463 1,783 1,883 2,113 7,242
’20 1,130 675 1,005 1,120 3,930
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 64 307 655 — —
’25 (195) 176 163 0 144
’24 177 81 48 98 404
’23 247 367 370 (36) 948
’22 322 390 156 99 967
’21 96 147 139 14 396
’20 (58) 9 111 28 90
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 17 264 593 — —
’25 (240) 129 125 (45) (31)
’24 131 38 14 134 317
’23 202 312 321 (91) 744
’22 296 328 99 53 776
’21 63 60 78 (22) 179
’20 (93) (32) 87 5 (33)
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing −11.5% a year for ten years. It grew −6.8% a year over the last ten.

Implied
−11.5%
10 years, reported
−6.8%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 4,782 5,988 7,124 6,364 3,930 7,242 10,896 9,247 7,610 7,162 9,810 +4.6% 9,207 7,825 7,586 +1.9%
Gross margin, % 7.63 8.48 12.82 15.26 1.76 3.01 10.37 13.77 2.69 4.83 7.54 (2.8) pt
EBT (11) 38 445 491 (415) 66 801 1,085 19 80 448 n/m
EBT margin, % (0.23) 0.63 6.25 7.72 (10.56) 0.91 7.35 11.73 0.25 1.12 4.57 +1.4 pt
Net income 9 258 366 362 (320) 74 644 878 45 90 333 +29.2%
Per share, $
Per share, $ Revenue 55.09 68.99 77.02 63.32 39.10 72.06 108.42 92.01 75.72 71.26 97.61 +2.9%
Earnings 0.28 3.03 2.80 3.78 (2.54) 0.25 4.60 7.65 0.06 0.27 2.56 (0.4%)
Cash flow 3.08 2.86 6.79 7.43 0.90 3.94 9.62 9.43 4.02 1.43 10.21 (8.1%)
Capex (1.53) (1.38) (1.09) (0.84) (1.22) (2.16) (1.90) (2.03) (0.87) (1.74) (1.96) +1.4%
Free cash flow 1.54 1.47 5.70 6.60 (0.33) 1.78 7.72 7.40 3.15 (0.31) 8.25 n/m
Book value 19.70 19.63 21.01 16.60 12.13 7.66 7.87 10.33 8.84 8.94 12.51 (8.4%)
Shares, m 87 87 93 101 101 101 101 101 101 101 101 +1.6%
Valuation, ×
Valuation, × P/E 72.14 11.24 9.02 8.70 0.00 70.04 6.37 4.07 312.33 97.85 15.61 59.2
P/S 0.37 0.44 0.36 0.52 0.31 0.23 0.27 0.34 0.25 0.36 0.41 0.3
P/B 1.03 1.55 1.33 1.98 1.00 2.19 3.72 3.02 2.12 2.85 3.20 2.1
EV/Sales 0.48 0.58 0.45 0.61 0.57 0.39 0.37 0.45 0.37 0.53 0.46 0.5
EV/FCF 17.20 26.97 6.11 5.82 (68.37) 15.94 5.19 5.56 8.88 (122.86) 5.45 (10.0)
Cash, $m
Cash, $m Operating cash flow 267 248 628 747 90 396 967 948 404 144 1,026 (6.6%)
Capex (133) (120) (101) (84) (123) (217) (191) (204) (87) (175) (197) +3.1%
Free cash flow 134 128 527 663 (33) 179 776 744 317 (31) 829 n/m
Balance, $m
Balance, $m Working capital 750 534 797 678 743 213 154 497 726 561 1,029 (3.2%)
Net debt 429 684 502 557 1,038 1,163 1,081 1,006 932 1,240 491 +12.5%
Shareholders’ equity 1,710 1,704 1,943 1,668 1,219 770 791 1,038 888 898 1,257 (6.9%)
Returns, %
Returns, % ROA 0.68 6.69 6.64 9.61 (6.49) 0.63 11.54 17.43 0.16 0.68 6.04 0.0 pt
ROIC 2.05 3.80 13.60 16.29 (9.22) 2.81 32.15 34.34 1.99 5.32 20.06 +3.3 pt
ROE 1.51 15.41 14.20 21.05 (17.73) 2.51 59.32 84.09 0.73 3.02 23.06 +1.5 pt
People
People Employees 1,487 959 1,450 1,486 1,423 1,429 1,470 1,566 1,595 1,532 — +0.3%
Revenue/emp, $m 3.22 6.24 4.91 4.28 2.76 5.07 7.41 5.90 4.77 4.67 — +4.2%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

CVR Energy is a holding company that makes and markets transportation fuels and, through its interest in CVR Partners, nitrogen fertilizers. Formed in 2006, it is led by Chief Executive Officer Dane Neumann.

Its petroleum business operates refineries in Coffeyville, Kansas, and Wynnewood, Oklahoma. They turn purchased crude oil into gasoline, diesel, jet fuel and other refined products. CVR also gathers and transports crude oil to support the refineries. It sells fuels primarily to businesses such as retailers, railroads, farm cooperatives and other refiners and marketers, rather than through its own retail business.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Petroleum Segment 6,416 89.58%
Nitrogen Fertilizer Segment 605 8.45%
Other, not broken out 141 1.97%
Gross margin 4.83%
Operating margin 2.54%
Pre-tax margin 1.12%

Revenue by segment since 2016

CVR Energy Inc. vs peers in Oil & Gas Refining & Marketing (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SUN Sunoco LP $12.6B 10.3× 7.3× +198.89% (above 0%: growing) +225.00% (above 0%: growing) +181.78% (above 0%: growing) 8.65% 4.10% Compare
PBF PBF Energy Inc. $8.3B 3.0× 2.7× +58.58% (above 0%: growing) +765.99% (above 0%: growing) +3,603.79% (above 0%: growing) 23.56% 17.32% Compare
UGP Ultrapar Participacoes S.A. $6.0B 8.8× — +36.71% (above 0%: growing) +61.11% (above 0%: growing) +873.56% (above 0%: growing) 11.12% 7.25% Compare
CVI CVR Energy Inc. $4.0B 15.6× 20.1× +68.78% (above 0%: growing) +50.59% (above 0%: growing) +374.40% (above 0%: growing) 23.86% 22.07%
DK Delek US Holdings, Inc. $3.8B 17.0× 5.8× +47.83% (above 0%: growing) n/m +173.86% (above 0%: growing) 8.93% 7.40% Compare
IEP Icahn Enterprises L.P. $3.7B — (loss-making) 18.5× +16.37% (above 0%: growing) n/m +400.00% (above 0%: growing) 0.00% 0.00% Compare
PARR Par Pacific Holdings, Inc. $3.4B 3.5× 3.4× +51.64% (above 0%: growing) +38.16% (above 0%: growing) +328.39% (above 0%: growing) 23.43% 15.47% Compare
DKL Delek Logistics Partners, L.P. $3.0B 17.7× 16.1× +56.18% (above 0%: growing) −34.94% (below 0%: shrinking) +193.34% (above 0%: growing) 17.18% 16.09% Compare
WKC World Kinect Corporation $1.9B — (loss-making) 12.2× +41.30% (above 0%: growing) +60.87% (above 0%: growing) +61.18% (above 0%: growing) 2.17% 0.60% Compare
Median of peers $3.7B 9.6× 7.3× +49.73% +60.99% +260.87% 10.03% 7.33%

All 19 Oil & Gas Refining & Marketing stocks →

From the latest earnings call

Updated

  • CEO Dane Neumann said global conflicts tightened energy and fertilizer markets, benefiting CVR Energy’s assets during the second quarter.
  • Interim CFO Richard Roberts said higher renewable fuel compliance costs and realized derivative losses offset some of the petroleum segment’s gains from wider crack spreads and throughput.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 103.15%
Held by the ten largest 88.17%
Holder Shares Stake Change
ICAHN CARL C 71.20m 70.83% 0.00
BlackRock 5.20m 5.17% +410.12k
Vanguard 3.70m 3.68% −94.91k
State Street 2.15m 2.14% +213.83k
Dimensional Fund Advisors 2.05m 2.04% +143.79k
Allianz Global Investors 945.32k 0.94% −47.19k
Jane Street 889.56k 0.88% +877.43k
CastleKnight Management LP 876.57k 0.87% −71.86k
BNP Paribas 840.23k 0.84% +646.22k
Morgan Stanley 776.04k 0.77% +6.55k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 21 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 8.60m 6.54m 267.00
2024 4.69m 3.77m 197.00
2023 4.50m 5.33m 303.00
2022 4.32m 7.65m 273.00
2021 3.91m 4.62m 127.00
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

CVR Energy Inc. (CVI) Latest News

5 Nov

Impact 4 · · twincities.com

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Impact 3 · · Business Wire
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Impact 3 · · Associated Press

29 Oct

Impact 3 · · Zacks

28 Oct

Impact 4 · · Zacks

27 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Zacks
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20 Oct

Impact 3 · · Business Wire

19 Oct

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16 Oct

Impact 4 · · Investing.com

13 Oct

Impact 4 · · Zacks
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25 Sep

Impact 4 ·

CVI metrics, ten years each

stockrow.com/CVI · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com