CVR Energy Inc. (CVI) vs Par Pacific Holdings, Inc. (PARR)

CVR Energy Inc. and Par Pacific Holdings, Inc. are both Oil & Gas Refining & Marketing companies. CVR Energy Inc. is the larger, with a market value of $6.2B against $4.2B — 1.5× the size. Par Pacific Holdings, Inc. trades at the lower P/E: 4.8× against 90.3×. CVR Energy Inc. grew revenue faster over the last twelve months: 17.9% against 13.2%. Par Pacific Holdings, Inc. has the higher net margin (9.94% vs 0.81%) and the higher return on invested capital (28.4% vs 12.3%). Across the 21 metrics below, Par Pacific Holdings, Inc. leads on 20 and CVR Energy Inc. on 1.

Valuation

Metric CVI PARR Oil & Gas Refining & Marketing median
P/E 90.32 4.76 16.35
P/S 0.73 0.47 0.44
P/B 8.30 2.04 2.05
Price to free cash flow 17.10 9.72 9.98
EV/EBITDA 9.29 3.54 8.04
EV/Sales 0.85 0.53 0.59
Earnings yield 1.11% 21.00% 5.71%
Free cash flow yield 5.85% 10.29% 9.13%

Profitability

Metric CVI PARR Oil & Gas Refining & Marketing median
Gross margin 6.10% 23.06% 12.22%
Operating margin 4.12% 13.43% 5.35%
Net margin 0.81% 9.94% 2.08%
Free cash flow margin 4.26% 4.83% 4.25%
Return on equity 9.79% 54.74% 11.39%
Return on assets 1.71% 20.33% 5.22%
Return on invested capital 12.27% 28.42% 11.54%

Growth

Metric CVI PARR Oil & Gas Refining & Marketing median
Revenue growth (TTM) 17.89% 13.19% 13.37%
EPS growth (last fiscal year) 350.00% 1,313.56% 31.15%
Revenue growth, 5-year CAGR 12.75% 19.02% 12.77%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CVI PARR Oil & Gas Refining & Marketing median
Debt to equity 2.38 0.38 0.44
Current ratio 1.42 1.84 1.32
Net debt to EBITDA 2.08 0.95 2.07

Dividend

Metric CVI PARR Oil & Gas Refining & Marketing median
Dividend yield 0.93% — 1.71%
Payout ratio 0.84 — 0.35

Size

Metric CVI PARR Oil & Gas Refining & Marketing median
Market cap 6.20b 4.20b 4.71b

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