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 $4.0B against $3.4B — 1.2× the size. Par Pacific Holdings, Inc. trades at the lower P/E: 3.5× against 15.6×. CVR Energy Inc. grew revenue faster over the last twelve months: 34.4% against 29.1%. Par Pacific Holdings, Inc. has the higher net margin (9.81% vs 2.70%) and the lower return on invested capital (0.00% vs 20.1%). Across the 21 metrics below, Par Pacific Holdings, Inc. leads on 18 and CVR Energy Inc. on 3.

Valuation

Metric CVI PARR Oil & Gas Refining & Marketing median
P/E 15.61 3.54 8.38
P/S 0.41 0.35 0.33
P/B 3.20 1.70 1.70
Price to free cash flow 4.85 3.26 5.86
EV/EBITDA 4.79 2.77 4.96
EV/Sales 0.46 0.41 0.46
Earnings yield 6.41% 28.22% 9.67%
Free cash flow yield 20.63% 30.65% 15.55%

Profitability

Metric CVI PARR Oil & Gas Refining & Marketing median
Gross margin 7.54% 22.19% 10.93%
Operating margin 5.72% 13.16% 7.14%
Net margin 2.70% 9.81% 2.70%
Free cash flow margin 8.45% 10.67% 6.17%
Return on equity 23.06% 50.86% 21.95%
Return on assets 6.04% 20.46% 5.76%
Return on invested capital 20.06% 0.00% 13.74%

Growth

Metric CVI PARR Oil & Gas Refining & Marketing median
Revenue growth (TTM) 34.42% 29.06% 26.02%
EPS growth (last fiscal year) 350.00% 1,313.56% 37.92%
Revenue growth, 5-year CAGR 12.75% 19.02% 13.17%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CVI PARR Oil & Gas Refining & Marketing median
Debt to equity 1.41 0.22 0.41
Current ratio 1.73 1.65 1.31
Net debt to EBITDA 2.08 0.95 2.07

Dividend

Metric CVI PARR Oil & Gas Refining & Marketing median
Dividend yield 1.43% — 2.20%
Payout ratio 0.22 — 0.25

Size

Metric CVI PARR Oil & Gas Refining & Marketing median
Market cap 4.01b 3.44b 3.91b

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