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 $5.2B against $3.9B — 1.3× the size. Par Pacific Holdings, Inc. trades at the lower P/E: 4.4× against 75.6×. 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 75.65 4.42 15.04
P/S 0.61 0.44 0.41
P/B 6.95 1.90 1.87
Price to free cash flow 14.32 9.03 8.78
EV/EBITDA 8.00 3.32 7.94
EV/Sales 0.73 0.50 0.59
Earnings yield 1.32% 22.62% 6.15%
Free cash flow yield 6.98% 11.08% 10.47%

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% —
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 10.47% — 3.64%
Payout ratio 0.34 0.00 0.14

Size

Metric CVI PARR Oil & Gas Refining & Marketing median
Market cap 5.16b 3.85b 4.12b

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