CVR Energy Inc. (CVI) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 26	-$0.62	-$1.24	-100.0%	—	$2B	—
Q4 25	-$3.78	-$0.97	+74.3%	—	$1.8B	—
Q3 25	$0.23	$0.4	+73.9%	—	$1.9B	—
Q2 25	-$0.13	-$0.23	-76.9%	—	$1.8B	—
Q1 25	-$0.88	-$0.58	+34.1%	—	$1.6B	—
Q4 24	-$0.62	-$0.13	+79.0%	—	$1.9B	—
Q3 24	-$0.08	-$0.5	-525.0%	—	$1.8B	—
Q2 24	-$0.22	$0.09	+140.9%	—	$2B	—
Q1 24	$0.17	$0.04	-76.5%	—	$1.9B	—
Q4 23	$0.29	$0.65	+124.1%	—	$2.2B	—
Q3 23	$1.93	$1.89	-2.1%	—	$2.5B	—
Q2 23	$1.21	$1.65	+36.4%	—	$2.2B	—
Q1 23	$1.04	$1.44	+38.5%	—	$2.3B	—
Q4 22	$1.49	$1.68	+12.8%	—	$2.7B	—
Q3 22	$1.9	$1.9	0.0%	—	$2.7B	—
Q2 22	$2.3	$2.45	+6.5%	—	$3.1B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.27	—	—	$7.2B	—
FY24	—	$0.06	—	—	$7.6B	—
FY23	—	$7.65	—	—	$9.2B	—
FY22	—	$4.6	—	—	$10.9B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$4.8B	$6B	$7.1B	$6.4B	$3.9B	$7.2B	$10.9B	$9.2B	$7.6B	$7.2B
YoY change	-12%	+25.2%	+19%	-10.7%	-38.2%	+84.3%	+50.5%	-15.1%	-17.7%	-5.89%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	4.8B	6B	7.1B	6.4B	3.9B	7.2B	10.9B	9.2B	7.6B	7.2B
Cost of revenue	4.6B	5.7B	6.5B	5.7B	4.1B	7B	9.8B	8B	7.4B	6.8B
Gross profit	181M	261M	650M	693M	-199M	209M	1.1B	1.3B	197M	337M
Gross margin	3.79%	4.36%	9.12%	10.9%	-5.06%	2.89%	10.3%	13.7%	2.59%	4.71%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	110M	113M	112M	117M	86M	119M	149M	141M	139M	148M
Operating expenses	110M	113M	112M	117M	86M	119M	149M	141M	139M	155M
Operating income	71M	148M	538M	576M	-285M	90M	974M	1.1B	58M	182M
Operating margin	1.48%	2.47%	7.55%	9.05%	-7.25%	1.24%	8.94%	12.2%	0.76%	2.54%
Non-operating income, net	1M	-1M	9M	17M	—	93M	-88M	12M	38M	6M
Pretax income	-11M	38M	445M	491M	-415M	66M	801M	1.1B	19M	80M
Income tax	-20M	-220M	79M	129M	-95M	-8M	157M	207M	-26M	-10M
Net income	9M	258M	366M	362M	-320M	74M	644M	878M	45M	90M
Net margin	0.19%	4.31%	5.14%	5.69%	-8.14%	1.02%	5.91%	9.49%	0.59%	1.26%
EBITDA	266M	408M	827M	876M	0	384M	1.2B	1.4B	394M	591M
EPS	0.28	2.7	3.12	3.78	-2.54	0.25	4.6	7.65	0.06	0.27
Diluted EPS	0.28	2.7	3.12	3.78	-2.54	0.25	4.6	7.65	0.06	0.27

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	2.5B	2.2B	1.9B	2B	1.8B	1.9B	1.6B	1.8B	1.9B	1.8B	2B	2.7B
Cost of revenue	2B	2B	1.7B	1.9B	1.9B	1.9B	1.7B	1.8B	1.4B	1.9B	2.1B	2.6B
Gross profit	484M	156M	160M	55M	-73M	56M	-93M	-68M	558M	-59M	-105M	114M
Gross margin	19.2%	7.08%	8.59%	2.8%	-3.98%	2.88%	-5.65%	-3.86%	28.7%	-3.26%	-5.3%	4.16%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	38M	32M	36M	28M	40M	36M	37M	36M	42M	33M	39M	34M
Operating expenses	38M	32M	36M	28M	40M	36M	37M	36M	42M	33M	40M	36M
Operating income	446M	124M	124M	27M	-113M	20M	-130M	-104M	516M	-99M	-145M	78M
Operating margin	17.7%	5.63%	6.66%	1.37%	-6.16%	1.03%	-7.9%	-5.91%	26.5%	-5.47%	-7.32%	2.85%
Non-operating income, net	3M	3M	3M	4M	3M	29M	1M	2M	-2M	5M	14M	3M
Pretax income	438M	119M	107M	12M	-128M	28M	-154M	-132M	489M	-123M	-189M	56M
Income tax	84M	22M	17M	-26M	-6M	-12M	-49M	-42M	88M	-7M	-29M	10M
Net income	354M	97M	90M	38M	-122M	40M	-105M	-90M	401M	-116M	-160M	46M
Net margin	14%	4.41%	4.83%	1.93%	-6.66%	2.05%	-6.38%	-5.11%	20.6%	-6.41%	-8.08%	1.68%
EBITDA	530M	205M	204M	104M	-35M	122M	-60M	-25M	630M	51M	-52M	161M
EPS	3.51	0.91	0.81	0.21	-1.24	0.28	-1.22	-1.14	3.72	-1.1	-1.91	-0.03
Diluted EPS	3.51	0.91	0.81	0.21	-1.24	0.28	-1.22	-1.14	3.72	-1.1	-1.91	-0.03

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	2.2B	3.2B	3.2B	4.1B	1.5B	1.7B	3.1B	3B	1.9B	2.6B	5.1B
Enterprise value	2.6B	3.9B	3.7B	4.6B	2.5B	2.9B	4.2B	4.7B	2.8B	3.8B	6.5B
Shares outstanding	86.8M	86.8M	92.5M	100.5M	100.5M	100.5M	100.5M	100.5M	100.5M	100.5M	100.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	244.9	12.5	8.71	11.2	—	22.8	4.89	3.47	41.9	28.4	73.2
P/S	0.46	0.54	0.45	0.64	0.38	0.23	0.29	0.33	0.25	0.36	0.6
P/B	1.29	1.9	1.64	2.44	1.23	2.19	3.98	2.93	2.12	2.85	9.68
EV/EBITDA	9.9	9.6	4.46	5.27	—	7.43	3.58	3.25	7.19	6.47	8.38
EV/Sales	0.55	0.65	0.52	0.73	0.65	0.39	0.39	0.5	0.37	0.53	0.76
Earnings yield	0.41%	7.98%	11.5%	8.91%	—	4.38%	20.4%	28.8%	2.39%	3.52%	1.37%
FCF yield	6.08%	1.48%	16.2%	14.5%	-12.9%	8.7%	22%	22.5%	9.13%	-9.31%	4.2%
PEG	—	—	—	—	—	—	—	—	—	—	-0.75

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	3.79%	4.36%	9.12%	10.9%	-5.06%	2.89%	10.3%	13.7%	2.59%	4.71%	4.16%
Operating margin	1.48%	2.47%	7.55%	9.05%	-7.25%	1.24%	8.94%	12.2%	0.76%	2.54%	2.85%
Net margin	0.19%	4.31%	5.14%	5.69%	-8.14%	1.02%	5.91%	9.49%	0.59%	1.26%	0.81%
ROE	0.53%	15.1%	18.8%	21.7%	-26.3%	9.61%	81.4%	84.6%	5.07%	10%	24.3%
ROA	0.22%	6.78%	9.15%	9.27%	-8.04%	1.89%	15.6%	18.7%	1.06%	2.43%	5.5%
ROIC	3.32%	6.2%	18.1%	19.1%	-12.6%	4.66%	41.5%	34.3%	3.16%	8.39%	14.2%
Return on tangible assets	0.23%	6.93%	9.15%	9.27%	-8.04%	1.89%	15.6%	18.7%	1.06%	2.43%	4.19%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.32	1.98	2.61	2.14	2.13	1.18	1.11	1.3	1.66	1.79	1.42
Quick ratio	1.71	1.3	1.84	1.51	1.68	0.77	0.67	0.94	1.2	1.13	0.92
Debt / equity	0.68	0.68	0.6	0.72	1.4	2.17	2.03	2.12	2.18	1.98	2.42
Debt / assets	0.29	0.31	0.29	0.31	0.43	0.43	0.39	0.47	0.45	0.48	0.44
Net debt / EBITDA	1.61	1.68	0.61	0.64	—	3.03	0.92	1.13	2.41	2.15	1.34
Interest coverage	0.87	1.35	5.36	5.81	-2.19	1.56	10.4	21.9	1.25	1.74	2.7
Effective tax rate	0%	0%	17.8%	26.3%	0%	0%	19.6%	19.1%	0%	0%	26.6%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	55.1	69	77	63.3	39.1	72.1	108.4	92	75.7	71.3	84.3
EPS (basic)	0.28	2.7	3.12	3.78	-2.54	0.25	4.6	7.65	0.06	0.27	0.27
EPS (diluted)	0.28	2.7	3.12	3.78	-2.54	0.25	4.6	7.65	0.06	0.27	0.69
Book value per share	19.7	19.6	21	16.6	12.1	7.66	7.87	10.3	8.84	8.94	5.22
FCF per share	1.54	0.55	5.6	5.85	-1.92	1.46	6.9	6.83	1.71	-2.37	3.42
Cash per share	8.48	5.55	7.22	6.49	6.64	5.07	5.07	5.78	9.82	5.08	7.33
Capex per share	—	—	—	0	0	0.2	0	0	—	3.8	1.89

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	0%	0%	0.28%	0%	0%	—	5.33%	2.24%
Capex / operating cash flow	—	—	—	0%	0%	4.26%	0%	0%	—	265.3%	35.6%
Payout ratio	1.9K%	67.4%	65%	84.5%	-37.8%	325.7%	75%	51.6%	335.6%	0%	14.5%
Dividend yield	7.9%	5.38%	7.46%	7.53%	8.08%	14.3%	15.3%	14.9%	8.02%	0%	0.39%

Yield

0.39%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.10

ex-dividend Aug 10, 2026

Payout ratio

14%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 10, 2026	$0.10
May 11, 2026	$0.10
Aug 12, 2024	$0.50

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$2.5B	$2.2B	$1.9B	$2B	$1.8B	$1.9B	$1.6B	$1.8B	$1.9B	$1.8B	$2B	$2.7B
YoY change	-6.56%	-17.8%	-18.5%	-12%	-27.3%	-11.6%	-11.6%	-10.5%	+6.06%	-7.04%	+20.3%	+55.5%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	735.8M	482M	668M	652M	667M	510M	510M	581M	987M	511M
Receivables	151.9M	179M	169M	182M	178M	299M	358M	286M	295M	235M
Inventory	349.2M	369M	380M	373M	298M	484M	624M	604M	502M	472M
Total current assets	1.3B	1.1B	1.3B	1.3B	1.4B	1.4B	1.6B	2.2B	1.8B	1.3B
Property, plant & equipment	2.6B	2.6B	2.3B	2.2B	2.2B	2.2B	2.2B	2.1B	2B	1.9B
Goodwill & intangibles	82.4M	82.4M	—	—	—	—	—	—	—	—
Total assets	4.1B	3.8B	4B	3.9B	4B	3.9B	4.1B	4.7B	4.3B	3.7B
Accounts payable	251M	334M	320M	412M	282M	409M	497M	530M	538M	415M
Short-term debt	1.8M	2M	3M	19M	22M	19M	21M	620M	28M	30M
Total current liabilities	565.9M	544M	496M	596M	659M	1.2B	1.4B	1.7B	1.1B	706M
Long-term debt	1.2B	1.2B	1.2B	1.2B	1.7B	1.7B	1.6B	1.6B	1.9B	1.8B
Total liabilities	2.3B	2.1B	2.1B	2.2B	2.8B	3.1B	3.3B	3.7B	3.4B	2.8B
Shareholders' equity	1.7B	1.7B	1.9B	1.7B	1.2B	770M	791M	1B	888M	898M
Total debt	1.2B	1.2B	1.2B	1.2B	1.7B	1.7B	1.6B	2.2B	1.9B	1.8B
Net debt	428.8M	684M	502M	557M	1B	1.2B	1.1B	1.6B	948M	1.3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	889M	581M	644M	586M	534M	987M	695M	596M	670M	511M	512M	737M
Receivables	316M	286M	253M	298M	281M	295M	320M	245M	253M	235M	329M	327M
Inventory	610M	604M	601M	543M	498M	502M	585M	503M	509M	472M	553M	603M
Total current assets	1.9B	2.2B	1.6B	1.5B	1.4B	1.8B	1.6B	1.4B	1.5B	1.3B	1.5B	1.7B
Property, plant & equipment	2.1B	2.1B	2.1B	2B	2B	2B	2B	2B	2B	1.9B	1.9B	1.9B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	4.4B	4.7B	4.1B	4B	3.9B	4.3B	4.3B	4B	4B	3.7B	3.9B	4.1B
Accounts payable	566M	530M	551M	523M	464M	538M	620M	462M	437M	415M	532M	494M
Short-term debt	20M	620M	23M	23M	22M	28M	28M	28M	30M	30M	28M	28M
Total current liabilities	1.3B	1.7B	1B	1B	1.1B	1.1B	1.3B	1.2B	755M	706M	1B	1.2B
Long-term debt	1.6B	1.6B	1.6B	1.6B	1.6B	1.9B	1.9B	1.8B	1.8B	1.8B	1.8B	1.8B
Total liabilities	3.3B	3.7B	3B	3B	3B	3.4B	3.5B	3.3B	3B	2.8B	3.1B	3.3B
Shareholders' equity	1.2B	1B	1.1B	1B	856M	888M	771M	666M	1B	898M	735M	744M
Total debt	1.6B	2.2B	1.6B	1.6B	1.6B	1.9B	1.9B	1.9B	1.9B	1.8B	1.8B	1.8B
Net debt	714M	1.6B	956M	1B	1.1B	948M	1.2B	1.3B	1.2B	1.3B	1.3B	1.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	9M	258M	366M	362M	-320M	74M	644M	878M	45M	90M
Depreciation & amortization	193M	258M	274M	287M	278M	279M	288M	298M	298M	403M
Stock-based compensation	9M	19M	16M	17M	4M	46M	71M	34M	15M	42M
Change in working capital	114M	-95.6M	-59M	25M	93M	165M	-9M	-324M	53M	-398M
Operating cash flow	247M	226.4M	649M	721M	94M	470M	979M	959M	373M	144M
Capital expenditure	—	—	—	0	0	-20M	0	0	—	-382M
Investing cash flow	-67.3M	-75.9M	2M	38M	-299M	-9M	6M	23M	111M	-362M
Dividends paid	-174M	-174M	-238M	-306M	-121M	-241M	-483M	-453M	-151M	0
Share repurchases	—	0	0	-301M	-7M	-1M	-12M	0	0	—
Financing cash flow	-95M	-227.8M	-334M	-642M	355M	-315M	-696M	-40M	-482M	-258M
Net change in cash	84.7M	-77.3M	317M	117M	150M	146M	289M	942M	2M	-476M
Free cash flow	134M	48M	518M	588M	-193M	147M	693M	686M	172M	-238M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	354M	97M	90M	38M	-123M	40M	-105M	-90M	401M	-116M	-160M	46M
Depreciation & amortization	80M	77M	76M	73M	75M	74M	68M	78M	112M	145M	79M	80M
Stock-based compensation	15M	4M	10M	0	3M	2M	6M	12M	19M	5M	12M	-1M
Change in working capital	-131M	80M	-20M	29M	62M	-52M	-107M	211M	-474M	-27M	-14M	162M
Operating cash flow	323M	299M	153M	97M	52M	36M	-186M	176M	163M	0	64M	307M
Capital expenditure	—	—	—	—	—	—	—	-189M	-43M	-56M	-47M	-44M
Investing cash flow	1M	1M	4M	1M	1M	13M	12M	-185M	-42M	-63M	-43M	-43M
Dividends paid	-150M	-202M	-50M	-51M	-50M	0	0	0	0	0	—	—
Share repurchases	0	0	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-181M	-216M	-664M	-65M	-65M	-13M	-15M	-90M	-47M	-106M	-20M	-29M
Net change in cash	143M	84M	-507M	33M	-12M	36M	-189M	-99M	74M	-169M	1M	235M
Free cash flow	317M	-95M	118M	6M	12M	36M	-289M	-13M	120M	-56M	17M	263M

CVR Energy Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement