NYSE : CVI
CVR Energy, Inc. — Financial statements
Energy · Oil & Gas Refining & Marketing · United States
Last price 58.37 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.87B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
CVR Energy, Inc. (CVI) reported revenue of 8.47B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 8.47B | 7.16B | 7.61B | 9.25B | 10.90B | 7.24B |
| Cost of Revenue | 7.55B | 6.42B | 7.12B | 7.68B | 9.48B | 6.75B |
| Gross Profit | 924.00M | 740.00M | 495.00M | 1.56B | 1.41B | 488.00M |
| Selling, General & Admin | 148.00M | 148.00M | 139.00M | 141.00M | 149.00M | 119.00M |
| Other Operating Expenses | 5.00M | 2.00M | 2.00M | |||
| Operating Expenses | 569.00M | 553.00M | 437.00M | 441.00M | 437.00M | 398.00M |
| Operating Income | 355.00M | 187.00M | 58.00M | 1.12B | 974.00M | 90.00M |
| Interest Expense | -167.00M | -139.00M | -115.00M | -90.00M | -93.00M | -138.00M |
| Interest & Investment Income | 31.00M | 31.00M | 38.00M | 38.00M | 8.00M | 102.00M |
| Other Non Operating Income (Expenses) | 19.00M | 6.00M | 14.00M | 14.00M | -77.00M | 15.00M |
| EBT Excluding Unusual Items | 238.00M | 85.00M | -5.00M | 1.08B | 812.00M | 69.00M |
| Gain (Loss) on Sale of Investments | 24.00M | |||||
| Gain (Loss) on Sale of Assets | -11.00M | -3.00M | ||||
| Asset Writedown | -5.00M | -5.00M | ||||
| Pretax Income | 233.00M | 80.00M | 19.00M | 1.08B | 801.00M | 66.00M |
| Income Tax Expense | 62.00M | -10.00M | -26.00M | 207.00M | 157.00M | -8.00M |
| Earnings From Continuing Operations | 171.00M | 90.00M | 45.00M | 878.00M | 644.00M | 74.00M |
| Minority Interest in Earnings | -102.00M | -63.00M | -38.00M | -109.00M | -181.00M | -49.00M |
| Net Income | 69.00M | 27.00M | 7.00M | 769.00M | 463.00M | 25.00M |
| Net Income to Common | 69.00M | 27.00M | 7.00M | 769.00M | 463.00M | 25.00M |
| Shares Outstanding (Basic) | 100.50M | 100.50M | 100.50M | 100.50M | 100.50M | 100.50M |
| Shares Outstanding (Diluted) | 100.50M | 100.50M | 100.50M | 100.50M | 100.50M | 100.50M |
| EPS (Basic) | 0.69 | 0.27 | 0.07 | 7.65 | 4.61 | 0.25 |
| EPS (Diluted) | 0.69 | 0.27 | 0.07 | 7.65 | 4.61 | 0.25 |
| Free Cash Flow | 344.00M | -238.00M | 172.00M | 686.00M | 693.00M | 147.00M |
| Free Cash Flow Per Share | 3.42 | -2.37 | 1.71 | 6.83 | 6.90 | 1.46 |
| Dividend Per Share | 0.57 | 0.37 | 1.00 | 2.00 | 1.70 | |
| Gross Margin | 10.90% | 10.33% | 6.50% | 16.91% | 12.95% | 6.74% |
| Operating Margin | 4.19% | 2.61% | 0.76% | 12.14% | 8.94% | 1.24% |
| Profit Margin | 0.81% | 0.38% | 0.09% | 8.32% | 4.25% | 0.34% |
| Free Cash Flow Margin | 4.06% | -3.32% | 2.26% | 7.42% | 6.36% | 2.03% |
| EBITDA | 771.00M | 590.00M | 356.00M | 1.42B | 1.26B | 369.00M |
| EBITDA Margin | 9.10% | 8.24% | 4.68% | 15.37% | 11.58% | 5.10% |
| D&A For EBITDA | 416.00M | 403.00M | 298.00M | 298.00M | 288.00M | 279.00M |
| EBIT | 355.00M | 187.00M | 58.00M | 1.12B | 974.00M | 90.00M |
| EBIT Margin | 4.19% | 2.61% | 0.76% | 12.14% | 8.94% | 1.24% |
| Effective Tax Rate | 26.61% | 19.08% | 19.60% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 737.00M | 511.00M | 987.00M | 581.00M | 510.00M | 510.00M |
| Cash & Short-Term Investments | 737.00M | 511.00M | 987.00M | 581.00M | 510.00M | 510.00M |
| Accounts Receivable | 327.00M | 235.00M | 295.00M | 286.00M | 358.00M | 299.00M |
| Receivables | 327.00M | 235.00M | 295.00M | 286.00M | 358.00M | 299.00M |
| Inventory | 603.00M | 472.00M | 502.00M | 604.00M | 624.00M | 484.00M |
| Prepaid Expenses | 23.00M | 29.00M | 16.00M | 59.00M | 94.00M | |
| Restricted Cash | 7.00M | 7.00M | ||||
| Other Current Assets | 27.00M | 20.00M | 24.00M | 649.00M | 69.00M | |
| Total Current Assets | 1.72B | 1.27B | 1.82B | 2.18B | 1.59B | 1.37B |
| Property, Plant & Equipment | 2.02B | 2.12B | 2.25B | 2.27B | 2.29B | 2.31B |
| Long-Term Investments | 17.00M | 24.00M | 100.00M | 76.00M | ||
| Other Long-Term Assets | 341.00M | 303.00M | 164.00M | 154.00M | 163.00M | 227.00M |
| Total Assets | 4.08B | 3.71B | 4.26B | 4.71B | 4.12B | 3.91B |
| Accounts Payable | 494.00M | 415.00M | 538.00M | 530.00M | 497.00M | 409.00M |
| Accrued Expenses | 576.00M | 238.00M | 481.00M | 491.00M | 869.00M | 639.00M |
| Current Portion of Long-Term Debt | 12.00M | 14.00M | 12.00M | 599.00M | ||
| Current Portion of Leases | 16.00M | 16.00M | 16.00M | 21.00M | 21.00M | 19.00M |
| Current Income Taxes Payable | 25.00M | |||||
| Current Unearned Revenue | 32.00M | 23.00M | 51.00M | 16.00M | 48.00M | 87.00M |
| Other Current Liabilities | 81.00M | 4.00M | 2.00M | |||
| Total Current Liabilities | 1.21B | 706.00M | 1.10B | 1.68B | 1.44B | 1.16B |
| Long-Term Debt | 1.72B | 1.70B | 1.86B | 1.54B | 1.54B | 1.61B |
| Long-Term Leases | 52.00M | 103.00M | 104.00M | 72.00M | 67.00M | 72.00M |
| Long-Term Unearned Revenue | 17.00M | 21.00M | 27.00M | 33.00M | ||
| Long-Term Deferred Tax Liabilities | 251.00M | 269.00M | 277.00M | 327.00M | 249.00M | 268.00M |
| Other Long-Term Liabilities | 85.00M | 13.00M | 11.00M | 13.00M | 30.00M | 34.00M |
| Total Liabilities | 3.33B | 2.81B | 3.38B | 3.67B | 3.33B | 3.14B |
| Common Stock | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Additional Paid-In Capital | 1.51B | 1.51B | 1.51B | 1.51B | 1.51B | 1.51B |
| Retained Earnings | -982.00M | -777.00M | -804.00M | -660.00M | -976.00M | -956.00M |
| Treasury Stock | -2.00M | -2.00M | -2.00M | -2.00M | -2.00M | -2.00M |
| Total Common Equity | 525.00M | 730.00M | 703.00M | 847.00M | 531.00M | 553.00M |
| Minority Interest | 219.00M | 168.00M | 185.00M | 191.00M | 260.00M | 217.00M |
| Shareholders' Equity | 744.00M | 898.00M | 888.00M | 1.04B | 791.00M | 770.00M |
| Total Liabilities & Equity | 4.08B | 3.71B | 4.26B | 4.71B | 4.12B | 3.91B |
| Total Debt | 1.80B | 1.83B | 1.99B | 2.23B | 1.63B | 1.70B |
| Net Cash (Debt) | -1.06B | -1.32B | -1.00B | -1.65B | -1.12B | -1.19B |
| Net Cash Per Share | -10.57 | -13.11 | -9.98 | -16.45 | -11.15 | -11.81 |
| Filing Date Shares Outstanding | 100.53M | 100.53M | 100.53M | 100.53M | 100.53M | 100.53M |
| Total Common Shares Outstanding | 100.53M | 100.53M | 100.53M | 100.53M | 100.53M | 100.53M |
| Working Capital | 506.00M | 561.00M | 726.00M | 497.00M | 154.00M | 213.00M |
| Book Value Per Share | 5.22 | 7.26 | 6.99 | 8.43 | 5.28 | 5.50 |
| Tangible Book Value | 525.00M | 730.00M | 703.00M | 847.00M | 531.00M | 553.00M |
| Tangible Book Value Per Share | 5.22 | 7.26 | 6.99 | 8.43 | 5.28 | 5.50 |
| Land | 76.00M | 75.00M | 74.00M | 74.00M | 72.00M | 71.00M |
| Buildings | 153.00M | 153.00M | 148.00M | 124.00M | 86.00M | 88.00M |
| Machinery | 4.55B | 4.51B | 4.43B | 4.32B | 4.23B | 4.07B |
| Construction In Progress | 255.00M | 215.00M | 171.00M | 193.00M | 143.00M | 142.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 69.00M | 27.00M | 7.00M | 769.00M | 463.00M | 25.00M |
| Depreciation & Amortization | 416.00M | 403.00M | 298.00M | 298.00M | 288.00M | 279.00M |
| Loss (Gain) From Sale of Assets | 3.00M | |||||
| Asset Writedown & Restructuring Costs | 7.00M | 7.00M | -24.00M | 2.00M | ||
| Loss (Gain) From Sale of Investments | 11.00M | -81.00M | ||||
| Loss (Gain) on Equity Investments | 1.00M | 1.00M | ||||
| Stock-Based Compensation | 35.00M | 42.00M | 15.00M | 34.00M | 71.00M | 46.00M |
| Other Operating Activities | 367.00M | 73.00M | 22.00M | 150.00M | 172.00M | -53.00M |
| Change in Accounts Receivable | -82.00M | 60.00M | -9.00M | 51.00M | -78.00M | -91.00M |
| Change in Inventory | -114.00M | 8.00M | 96.00M | 15.00M | -140.00M | -182.00M |
| Change in Accounts Payable | 26.00M | -143.00M | 2.00M | 37.00M | 78.00M | 122.00M |
| Change in Unearned Revenue | 17.00M | -34.00M | 29.00M | -24.00M | -20.00M | 27.00M |
| Change in Other Net Operating Assets | -208.00M | -300.00M | -32.00M | -384.00M | 122.00M | 301.00M |
| Operating Cash Flow | 534.00M | 144.00M | 404.00M | 948.00M | 967.00M | 396.00M |
| Capital Expenditures | -190.00M | -382.00M | -232.00M | -262.00M | -274.00M | -249.00M |
| Sale of Property, Plant & Equipment | 7.00M | |||||
| Investment in Securities | 17.00M | 17.00M | 101.00M | 23.00M | 3.00M | 4.00M |
| Other Investing Activities | -8.00M | 3.00M | 10.00M | |||
| Investing Cash Flow | -181.00M | -362.00M | -121.00M | -239.00M | -271.00M | -238.00M |
| Long-Term Debt Issued | 325.00M | 600.00M | 550.00M | |||
| Long-Term Debt Repaid | -168.00M | -600.00M | -65.00M | -582.00M | ||
| Net Debt Issued (Repaid) | -70.00M | -168.00M | -275.00M | 600.00M | -65.00M | -32.00M |
| Common Dividends Paid | -10.00M | -151.00M | -202.00M | -121.00M | -241.00M | |
| Other Financing Activities | -132.00M | -90.00M | -56.00M | -187.00M | -148.00M | -42.00M |
| Financing Cash Flow | -212.00M | -258.00M | -482.00M | -40.00M | -696.00M | -315.00M |
| Net Cash Flow | 141.00M | -476.00M | -199.00M | 669.00M | -157.00M | |
| Free Cash Flow | 344.00M | -238.00M | 172.00M | 686.00M | 693.00M | 147.00M |
| Free Cash Flow Margin | 4.06% | -3.32% | 2.26% | 7.42% | 6.36% | 2.03% |
| Free Cash Flow Per Share | 3.42 | -2.37 | 1.71 | 6.83 | 6.90 | 1.46 |
| Levered Free Cash Flow | 214.50M | -220.00M | 814.38M | -155.38M | 692.62M | 249.00M |
| Unlevered Free Cash Flow | 318.88M | -133.12M | 886.25M | -99.12M | 750.75M | 335.25M |
| Cash Interest Paid | 129.00M | 142.00M | 112.00M | 95.00M | 96.00M | 114.00M |
| Cash Income Tax Paid | -11.00M | 60.00M | 93.00M | 170.00M | 72.00M | |
| Change in Working Capital | -361.00M | -409.00M | 86.00M | -305.00M | -38.00M | 177.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.78B | 2.56B | 1.88B | 3.05B | 3.15B | 1.69B |
| Enterprise Value | 6.84B | 3.99B | 3.16B | 3.98B | 4.37B | 3.03B |
| Last Close Price | 58.37 | 25.28 | 18.62 | 28.60 | 25.65 | 11.91 |
| PE Ratio | 83.75 | 94.72 | 269.13 | 3.96 | 6.80 | 67.60 |
| Forward PE | 7.59 | 32.52 | 63.89 | 9.47 | 7.75 | 28.24 |
| PS Ratio | 0.69 | 0.36 | 0.25 | 0.33 | 0.29 | 0.23 |
| PB Ratio | 11.18 | 2.85 | 2.12 | 2.94 | 3.98 | 2.19 |
| P/TBV Ratio | 11.18 | 3.50 | 2.68 | 3.60 | 5.93 | 3.06 |
| P/FCF Ratio | 17.06 | 10.95 | 4.44 | 4.55 | 11.50 | |
| P/OCF Ratio | 10.99 | 17.76 | 4.66 | 3.21 | 3.26 | 4.27 |
| PEG Ratio | 0.44 | 1.01 | 1.01 | 1.01 | 2.27 | |
| EV/Sales Ratio | 0.82 | 0.56 | 0.42 | 0.43 | 0.40 | 0.42 |
| EV/EBITDA Ratio | 8.99 | 6.77 | 8.89 | 2.80 | 3.46 | 8.22 |
| EV/EBIT Ratio | 19.52 | 21.36 | 54.57 | 3.54 | 4.49 | 33.69 |
| EV/FCF Ratio | 20.15 | 18.40 | 5.80 | 6.31 | 20.62 | |
| Debt / Equity Ratio | 2.42 | 2.04 | 2.24 | 2.15 | 2.06 | 2.20 |
| Debt / EBITDA Ratio | 2.23 | 2.93 | 5.14 | 1.54 | 1.27 | 4.33 |
| Debt / FCF Ratio | 5.23 | 11.57 | 3.26 | 2.35 | 11.54 | |
| Net Debt / Equity Ratio | 1.43 | 1.47 | 1.13 | 1.59 | 1.42 | 1.54 |
| Net Debt / EBITDA Ratio | 1.38 | 2.23 | 2.82 | 1.16 | 0.89 | 3.22 |
| Net Debt / FCF Ratio | 3.09 | -5.54 | 5.83 | 2.41 | 1.62 | 8.07 |
| Asset Turnover | 2.10 | 1.80 | 1.70 | 2.10 | 2.72 | 1.84 |
| Inventory Turnover | 13.65 | 13.19 | 12.87 | 12.51 | 17.12 | 17.27 |
| Quick Ratio | 0.88 | 1.06 | 1.17 | 0.52 | 0.60 | 0.70 |
| Current Ratio | 1.42 | 1.79 | 1.66 | 1.29 | 1.11 | 1.18 |
| Return on Equity (ROE) | 24.25% | 10.08% | 4.67% | 96.01% | 82.51% | 7.44% |
| Return on Assets (ROA) | 5.50% | 2.93% | 0.81% | 15.90% | 15.17% | 1.43% |
| Return on Invested Capital (ROIC) | 13.61% | 9.11% | 2.53% | 39.48% | 40.48% | 4.43% |
| Return on Capital Employed (ROCE) | 12.40% | 6.20% | 1.80% | 37.10% | 36.30% | 3.30% |
| Earnings Yield | 1.19% | 1.06% | 0.37% | 25.25% | 14.70% | 1.48% |
| FCF Yield | 5.86% | -9.31% | 9.13% | 22.52% | 22.00% | 8.70% |
| Dividend Yield | 0.70% | 1.45% | 5.34% | 6.60% | 5.42% | |
| Payout Ratio | 29.13% | 2,157.14% | 26.27% | 26.13% | 964.00% | |
| Total Shareholder Return | 0.69% | 1.45% | 5.34% | 6.60% | 5.42% |