CVR Energy Inc (CVI)
CVR Energy, Inc., together with its subsidiaries, engages in renewable fuels and petroleum refining and marketing, and nitrogen fertilizer manufacturing activities in the United States. It operates through three segments: Petroleum, Renewables, and Nitrogen Fertilizer. The Petroleum segment refines and markets transportation fuels, such as gasoline, diesel, jet fuel, and distillates; and includes crude gathering and logistics activities that support refinery operations. This segment also owns and operates a coking, medium-sour crude oil refinery in Kansas; and a crude oil refinery in Oklahoma. This segment serves retailers, railroads, farm cooperatives, and other refiners/marketers. The Renewables segment refines renewable feedstocks, including soybean oil, corn oil, and other renewable feedstocks into renewable diesel; and marketing of renewables products. The Nitrogen Fertilizer segment owns and operates a nitrogen fertilizer plant in Coffeyville, Kansas that utilizes a pet coke gasification process to produce nitrogen fertilizer products; and a nitrogen fertilizer facility in East Dubuque, Illinois that produces nitrogen fertilizers in the form of ammonia and urea ammonium nitrate (UAN) and nitric acid. This segment primarily markets UAN products to agricultural customers; and ammonia products to agricultural and industrial customers. The company was founded in 1906 and is headquartered in Sugar Land, Texas. CVR Energy, Inc. is a subsidiary of Icahn Enterprises Holdings L.P.
- Symbol
- CVI
- Exchange
- NYSE
- Sector
- Energy
- Industry
- Oil & Gas Refining & Marketing
- Market cap
- $5.21B
- 52 week range
- 19.62 - 55.19
Valuation
- Share price
- $51.80 (close of 2026-09-23)
- P/E (TTM)
- 75.07x
- Price to book
- 7.00x
- Price to free cash flow
- 14.83x
- Enterprise value
- $6.27B
- Book value per share
- $7.40
Price performance
| Period | Change |
|---|
| 1 day | -2.54% |
| 5 days | -0.71% |
| 1 month | +31.11% |
| 3 months | +90.44% |
| 6 months | +59.63% |
| Year to date | +103.62% |
| 1 year | +46.70% |
| 3 years | +53.35% |
| 5 years | +237.90% |
| 10 years | +252.14% |
| All time | +155.80% |
Profitability and growth
- Return on equity
- 3.01%
- Return on invested capital
- 8.39%
- Return on assets
- 0.73%
- Return on capital employed
- 6.07%
- Gross margin
- 4.83%
- Net margin
- 0.38%
- EBITDA margin
- 8.17%
- Revenue growth
- -5.89%
- Net income growth
- 285.71%
- Free cash flow growth
- -118.22%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 6.74%
- Current ratio
- 1.42x
- Net debt to EBITDA
- 1.35x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $7.16B
- Cost of revenue
- $6.82B
- Gross profit
- $346.00M
- EBITDA
- $585.00M
- Net income
- $27.00M
- Earnings per share
- $0.27
- Shares outstanding
- 100.50M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $7.16B | $346.00M | $27.00M | $0.27 |
| 2024-12-31 | $7.61B | $205.00M | $7.00M | $0.06 |
| 2023-12-31 | $9.25B | $1.27B | $769.00M | $7.65 |
| 2022-12-31 | $10.90B | $1.13B | $463.00M | $4.60 |
| 2021-12-31 | $7.24B | $218.00M | $25.00M | $0.25 |
| 2020-12-31 | $3.93B | $-189.00M | $-256.00M | $-2.54 |
| 2019-12-31 | $6.36B | $702.00M | $380.00M | $3.78 |
| 2018-12-31 | $7.12B | $661.00M | $259.00M | $2.80 |
| 2017-12-31 | $5.99B | $272.00M | $263.00M | $3.03 |
| 2016-12-31 | $4.78B | $190.00M | $25.00M | $0.28 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 4.83% | 0.38% | 3.01% | 8.39% |
| 2024-12-31 | 2.69% | 0.09% | 0.79% | 3.16% |
| 2023-12-31 | 13.77% | 8.32% | 74.08% | 34.49% |
| 2022-12-31 | 10.37% | 4.25% | 58.53% | 42.71% |
| 2021-12-31 | 3.01% | 0.35% | 3.25% | 26.61% |
| 2020-12-31 | -4.81% | -6.51% | -21.00% | -38.02% |
| 2019-12-31 | 11.03% | 5.97% | 22.78% | 41.19% |
| 2018-12-31 | 9.28% | 3.64% | 13.33% | 33.46% |
| 2017-12-31 | 4.54% | 4.39% | 14.43% | 10.81% |
| 2016-12-31 | 3.97% | 0.52% | 1.40% | 6.65% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $511.00M | $1.70B |
| 2024-12-31 | $987.00M | $1.90B |
| 2023-12-31 | $581.00M | $2.10B |
| 2022-12-31 | $510.00M | $1.50B |
| 2021-12-31 | $510.00M | - |
| 2020-12-31 | $667.00M | - |
| 2019-12-31 | $652.00M | - |
| 2019-01-01 | $668.00M | - |
| 2018-12-31 | $668.00M | - |
| 2017-12-31 | $482.00M | - |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $-41.00M | $42.00M |
| 2024-12-31 | $225.00M | $15.00M |
| 2023-12-31 | $743.00M | $34.00M |
| 2022-12-31 | $776.00M | $71.00M |
| 2021-12-31 | $172.00M | $46.00M |
| 2020-12-31 | $-34.00M | $4.00M |
| 2019-12-31 | $626.00M | $17.00M |
| 2018-12-31 | $526.00M | $16.00M |
| 2017-12-31 | $128.00M | $19.00M |
| 2016-12-31 | $134.00M | $9.00M |
Dividend history
- Most recent payment
- 2026-08-10
- Paid in the last twelve months
- $0.20
| Payment date | Dividend per share |
|---|
| 2026-08-10 | $0.10 |
| 2026-05-11 | $0.10 |
| 2024-08-12 | $0.50 |
| 2024-05-10 | $0.50 |
| 2024-03-01 | $0.50 |
| 2023-11-10 | $2.00 |
| 2023-08-11 | $1.50 |
| 2023-05-12 | $0.50 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-04
- Consensus EPS estimate
- $1.59
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-29 | Jun/2026 | $0.18 |
| 2026-04-29 | - | - |
| 2026-02-18 | - | - |
| 2025-10-29 | - | - |
| 2025-07-30 | - | - |
| 2025-07-28 | - | - |
| 2025-04-28 | - | - |
| 2025-02-18 | - | - |
Filings and sources
- Company website
- cvrenergy.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
Similar companies
Valero Energy Corp (VLO) · Phillips 66 (PSX) · ConocoPhillips (COP) · Occidental Petroleum Corp (OXY) · Devon Energy Corp (DVN) · EQT Corp (EQT) · APA Corp (APA) · SLB Limited (SLB)
All Energy companies
Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
Explore
Company directory · S&P 500 heatmap · Earnings calendar · Super investor holdings · Congress trades