CVR Energy (CVI) Financials

$31.19 -0.63 (-1.98%)

Closing price 09/12/2025 03:59 PM Eastern

Extended Trading

$31.16 -0.03 (-0.10%)

As of 09/12/2025 07:20 PM Eastern

Annual Income Statements for CVR Energy

This table shows CVR Energy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	174	170	25	263	259	380	-256	25	463	769	7.00
Consolidated Net Income / (Loss)	309	298	9.00	258	366	362	-320	74	644	878	45
Net Income / (Loss) Continuing Operations	309	298	9.00	258	366	362	-320	74	644	878	45
Total Pre-Tax Income	407	382	-11	38	445	491	-415	66	801	1,085	19
Total Operating Income	264	422	70	145	532	580	-333	87	963	1,123	58
Total Gross Profit	380	501	190	272	661	702	-189	218	1,130	1,273	205
Total Revenue	9,110	5,433	4,782	5,988	7,124	6,364	3,930	7,242	10,896	9,247	7,610
Operating Revenue	9,110	5,433	4,782	5,988	7,124	6,364	3,930	7,242	10,896	9,247	7,610
Total Cost of Revenue	8,729	4,932	4,592	5,716	6,463	5,662	4,119	7,024	9,766	7,974	7,405
Operating Cost of Revenue	8,729	4,932	4,592	5,716	6,463	5,662	4,119	7,024	9,766	7,974	7,405
Total Operating Expenses	116	79	120	127	129	122	144	131	167	150	147
Selling, General & Admin Expense	110	99	110	113	112	117	86	119	149	141	139
Depreciation Expense	6.30	7.70	9.00	11	11	9.00	10	9.00	7.00	7.00	8.00
Other Special Charges / (Income)	0.00	-27	1.00	3.00	6.00	-4.00	7.00	3.00	11	2.00	0.00
Total Other Income / (Expense), net	143	-39	-81	-107	-87	-89	-82	-21	-162	-38	-39
Interest & Investment Income	0.90	1.00	-	-	0.00	0.00	41	-36	-85	-52	-77
Other Income / (Expense), net	182	8.10	2.00	2.00	15	13	7.00	15	-77	14	38
Income Tax Expense	98	85	-20	-220	79	129	-95	-8.00	157	207	-26
Net Income / (Loss) Attributable to Noncontrolling Interest	136	128	-16	-5.00	107	-18	-64	49	181	109	38
Basic Earnings per Share	$2.00	$1.95	$0.28	$3.03	$2.80	$3.78	($2.54)	$0.25	$4.60	$7.65	$0.06
Weighted Average Basic Shares Outstanding	86.80M	86.80M	86.80M	86.80M	92.50M	100.50M	100.50M	100.50M	100.50M	100.50M	100.50M
Diluted Earnings per Share	$2.00	$1.95	$0.28	$3.03	$2.80	$3.78	($2.54)	$0.25	$4.60	$7.65	$0.06
Weighted Average Diluted Shares Outstanding	86.80M	86.80M	86.80M	86.80M	92.50M	100.50M	100.50M	100.50M	100.50M	100.50M	100.50M
Weighted Average Basic & Diluted Shares Outstanding	86.80M	86.80M	86.80M	86.80M	92.50M	100.50M	100.50M	100.53M	100.53M	100.53M	100.53M

This table shows CVR Energy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	93	111	195	130	353	91	82	21	-124	28	-123
Consolidated Net Income / (Loss)	80	172	259	168	354	97	90	38	-122	39	-105
Net Income / (Loss) Continuing Operations	80	172	259	168	354	97	90	38	-122	39	-105
Total Pre-Tax Income	87	222	315	212	438	120	107	12	-128	28	-154
Total Operating Income	103	238	330	224	445	124	123	27	-113	21	-131
Total Gross Profit	140	288	371	257	485	160	161	57	-71	58	-91
Total Revenue	2,699	2,680	2,286	2,236	2,522	2,203	1,863	1,967	1,833	1,947	1,646
Operating Revenue	2,699	2,680	2,286	2,236	2,522	2,203	1,863	1,967	1,833	1,947	1,646
Total Cost of Revenue	2,559	2,392	1,915	1,979	2,037	2,043	1,702	1,910	1,904	1,889	1,737
Operating Cost of Revenue	2,559	2,392	1,915	1,979	2,037	2,043	1,702	1,910	1,904	1,889	1,737
Total Operating Expenses	37	50	41	33	40	36	38	30	42	37	40
Selling, General & Admin Expense	35	38	39	32	38	32	36	28	40	35	37
Depreciation Expense	1.00	2.00	2.00	1.00	1.00	3.00	1.00	2.00	2.00	3.00	2.00
Other Special Charges / (Income)	1.00	-	0.00	0.00	1.00	1.00	1.00	0.00	0.00	-1.00	1.00
Total Other Income / (Expense), net	-16	-16	-15	-12	-7.00	-4.00	-16	-15	-15	7.00	-23
Interest & Investment Income	-19	-19	-18	-16	-11	-7.00	-20	-19	-18	-20	-25
Other Income / (Expense), net	3.00	3.00	3.00	4.00	4.00	3.00	4.00	4.00	3.00	27	2.00
Income Tax Expense	7.00	50	56	44	84	23	17	-26	-6.00	-11	-49
Net Income / (Loss) Attributable to Noncontrolling Interest	-13	61	64	38	1.00	6.00	8.00	17	2.00	11	18
Basic Earnings per Share	$0.92	$1.11	$1.94	$1.29	$3.51	$0.91	$0.81	$0.21	($1.24)	$0.28	($1.22)
Weighted Average Basic Shares Outstanding	100.50M	100.50M	100.50M	100.50M	100.50M	100.50M	100.50M	100.50M	100.50M	100.50M	100.50M
Diluted Earnings per Share	$0.92	$1.11	$1.94	$1.29	$3.51	$0.91	$0.81	$0.21	($1.24)	$0.28	($1.22)
Weighted Average Diluted Shares Outstanding	100.50M	100.50M	100.50M	100.50M	100.50M	100.50M	100.50M	100.50M	100.50M	100.50M	100.50M
Weighted Average Basic & Diluted Shares Outstanding	100.53M	100.53M	100.53M	100.53M	100.53M	100.53M	100.53M	100.53M	100.53M	100.53M	100.53M

This table details how cash moves in and out of CVR Energy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-88	11	-29	-254	186	-16	22	-157	0.00	669	-199
Net Cash From Operating Activities	640	537	267	248	628	747	90	396	967	948	404
Net Cash From Continuing Operating Activities	640	537	267	248	628	747	90	396	966	948	404
Net Income / (Loss) Continuing Operations	309	298	9.00	258	366	362	-320	74	644	878	45
Consolidated Net Income / (Loss)	309	298	9.00	258	366	362	-320	74	644	878	45
Depreciation Expense	154	164	193	258	274	287	278	279	288	298	298
Non-Cash Adjustments To Reconcile Net Income	-51	-2.90	16	30	25	33	87	-20	84	42	3.00
Changes in Operating Assets and Liabilities, net	225	75	49	-298	-37	65	45	63	-50	-270	58
Net Cash From Investing Activities	-297	-151	-201	-276	-108	-121	-423	-238	-271	-239	-121
Net Cash From Continuing Investing Activities	-297	-151	-201	-276	-108	-121	-423	-238	-271	-239	-121
Purchase of Property, Plant & Equipment	-218	-219	-133	-120	-102	-121	-124	-224	-191	-205	-179
Sale and/or Maturity of Investments	0.00	68	-	-	-	-	0.00	4.00	3.00	23	9.00
Other Investing Activities, net	-	-	1.00	-80	-7.00	-37	-160	-5.00	-83	-57	49
Net Cash From Financing Activities	-432	-375	-95	-226	-334	-642	355	-315	-696	-40	-482
Net Cash From Continuing Financing Activities	-432	-375	-95	-226	-334	-642	355	-315	-696	-40	-482
Repayment of Debt	-1.20	-1.30	-508	-3.00	-3.00	-5.00	-517	-592	-72	-9.00	-612
Repurchase of Common Equity	-	-	-	-	0.00	0.00	-7.00	-1.00	-12	0.00	0.00
Payment of Dividends	-619	-373	-174	-223	-331	-637	-121	-272	-612	-631	-195
Issuance of Debt	0.00	0.00	629	-	0.00	0.00	1,000	550	0.00	600	325

This table details how cash moves in and out of CVR Energy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-275	-108	91	150	138	290	-542	-58	-52	453	-292
Net Cash From Operating Activities	156	99	247	367	370	-36	177	81	48	98	-195
Net Cash From Continuing Operating Activities	156	98	247	367	370	-36	177	81	48	98	-195
Net Income / (Loss) Continuing Operations	80	172	259	168	354	97	90	38	-123	40	-105
Consolidated Net Income / (Loss)	80	172	259	168	354	97	90	38	-123	40	-105
Depreciation Expense	75	73	68	73	80	77	76	73	75	74	68
Non-Cash Adjustments To Reconcile Net Income	15	30	9.00	28	-110	115	12	1.00	8.00	-18	7.00
Changes in Operating Assets and Liabilities, net	-14	-177	-89	98	46	-325	-1.00	-31	88	2.00	-165
Net Cash From Investing Activities	-61	-54	-34	-96	-51	-58	-55	-74	-35	43	-82
Net Cash From Continuing Investing Activities	-61	-54	-34	-96	-51	-58	-55	-74	-35	43	-82
Purchase of Property, Plant & Equipment	-57	-46	-45	-55	-50	-55	-47	-43	-34	-55	-51
Sale of Property, Plant & Equipment	-	-	0.00	-	1.00	-	1.00	-	-	-	6.00
Sale and/or Maturity of Investments	-	3.00	19	1.00	1.00	2.00	3.00	1.00	1.00	4.00	4.00
Other Investing Activities, net	-4.00	-11	-8.00	-42	-3.00	-4.00	-12	-32	-2.00	95	-41
Net Cash From Financing Activities	-370	-153	-122	-121	-181	384	-664	-65	-65	312	-15
Net Cash From Continuing Financing Activities	-370	-153	-122	-121	-181	384	-664	-65	-65	312	-15
Repayment of Debt	-1.00	-1.00	-2.00	-	-3.00	-4.00	-603	-1.00	-2.00	-6.00	-3.00
Payment of Dividends	-369	-152	-120	-121	-178	-212	-61	-64	-63	-7.00	-12

This table presents CVR Energy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	3,463	3,299	4,050	3,807	4,000	3,905	3,978	3,906	4,119	4,707	4,263
Total Current Assets	1,457	1,274	1,316	1,078	1,293	1,274	1,402	1,369	1,593	2,179	1,824
Cash & Equivalents	754	765	736	482	668	652	667	510	510	581	987
Accounts Receivable	181	107	152	179	169	182	178	299	358	286	295
Inventories, net	330	290	349	369	380	373	298	484	624	604	502
Prepaid Expenses	175	104	68	48	76	67	259	76	101	59	16
Other Current Assets	-	-	-	-	-	-	-	-	-	649	24
Plant, Property, & Equipment, net	1,916	1,967	2,672	2,588	2,430	0.00	0.00	2,273	2,247	0.00	2,176
Total Noncurrent Assets	90	59	63	141	277	2,631	2,576	264	279	2,528	263
Other Noncurrent Operating Assets	40	18	16	141	277	2,631	2,576	264	279	2,528	263
Total Liabilities & Shareholders' Equity	3,463	3,299	4,050	3,807	4,000	3,905	3,978	3,906	4,119	4,707	4,263
Total Liabilities	1,787	1,699	2,341	2,103	2,057	2,237	2,759	3,136	3,328	3,669	3,375
Total Current Liabilities	424	485	566	544	496	596	659	1,156	1,439	1,682	1,098
Short-Term Debt	0.00	125	-	-	-	5.00	8.00	-	6.00	606	12
Accounts Payable	275	262	262	334	320	412	282	409	497	530	538
Other Current Liabilities	70	26	219	210	176	179	369	747	936	546	548
Total Noncurrent Liabilities	1,364	1,214	1,775	1,559	1,561	1,641	2,100	1,980	1,889	1,987	2,277
Long-Term Debt	674	541	1,163	1,164	1,167	1,190	1,683	1,654	1,585	1,579	1,907
Noncurrent Deferred & Payable Income Tax Liabilities	638	640	580	386	380	396	368	268	249	327	277
Other Noncurrent Operating Liabilities	52	34	32	9.00	14	55	49	58	55	81	93
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,675	1,601	1,710	1,704	1,943	1,668	1,219	770	791	1,038	888
Total Preferred & Common Equity	988	984	858	919	1,286	1,393	1,019	553	531	847	703
Total Common Equity	988	984	858	919	1,286	1,393	1,019	553	531	847	703
Common Stock	1,176	1,176	1,199	1,198	1,475	1,508	1,511	1,511	1,509	1,509	1,509
Retained Earnings	-185	-189	-338	-277	-187	-113	-490	-956	-976	-660	-804
Treasury Stock	-2.30	-2.30	-2.30	-2.00	-2.00	-2.00	-2.00	-2.00	-2.00	-2.00	-2.00
Noncontrolling Interest	687	616	852	785	657	275	200	217	260	191	185

This table presents CVR Energy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	4,206	4,208	4,217	4,421	4,093	4,003	3,878	4,251
Total Current Assets	1,658	1,637	1,646	1,887	1,555	1,492	1,408	1,649
Cash & Equivalents	618	601	751	889	644	586	534	695
Accounts Receivable	320	330	300	316	253	298	281	320
Inventories, net	632	609	524	610	601	543	498	585
Prepaid Expenses	88	97	71	72	36	36	25	15
Other Current Assets	-	-	-	-	21	29	70	34
Plant, Property, & Equipment, net	2,267	2,241	2,235	2,227	2,210	2,192	2,164	2,167
Total Noncurrent Assets	281	330	336	307	328	319	306	435
Other Noncurrent Operating Assets	281	330	336	307	328	319	306	435
Total Liabilities & Shareholders' Equity	4,206	4,208	4,217	4,421	4,093	4,003	3,878	4,251
Total Liabilities	3,435	3,279	3,240	3,269	3,026	2,962	3,022	3,480
Total Current Liabilities	1,531	1,347	1,285	1,311	1,043	1,022	1,055	1,254
Accounts Payable	557	512	466	566	551	523	464	620
Other Current Liabilities	974	835	819	745	484	491	583	634
Total Noncurrent Liabilities	1,904	1,932	1,955	1,958	1,983	1,940	1,967	2,226
Long-Term Debt	1,587	1,584	1,584	1,583	1,577	1,576	1,574	1,906
Noncurrent Deferred & Payable Income Tax Liabilities	245	251	273	276	322	278	309	228
Other Noncurrent Operating Liabilities	72	97	98	99	84	86	84	92
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	771	929	977	1,152	1,067	1,041	856	771
Total Preferred & Common Equity	560	675	755	957	879	849	675	580
Total Common Equity	560	675	755	957	879	849	675	580
Common Stock	1,509	1,509	1,509	1,509	1,509	1,509	1,509	1,509
Retained Earnings	-947	-832	-752	-550	-628	-658	-832	-927
Treasury Stock	-2.00	-2.00	-2.00	-2.00	-2.00	-2.00	-2.00	-2.00
Noncontrolling Interest	211	254	222	195	188	192	181	191

This table displays calculated financial ratios and metrics derived from CVR Energy's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.38%	-40.36%	-11.97%	25.22%	18.97%	-10.67%	-38.25%	84.27%	50.46%	-15.13%	-17.70%
EBITDA Growth	-34.89%	-1.13%	-55.58%	52.83%	102.72%	7.19%	-105.45%	893.75%	208.14%	22.23%	-72.54%
EBIT Growth	-42.88%	-3.70%	-83.24%	104.17%	272.11%	8.41%	-154.97%	131.29%	768.63%	28.33%	-91.56%
NOPAT Growth	-61.78%	63.50%	-85.08%	1,909.13%	-55.55%	-2.27%	-154.51%	141.85%	693.73%	17.37%	-84.88%
Net Income Growth	-40.73%	-3.75%	-96.98%	2,766.67%	41.86%	-1.09%	-188.40%	123.13%	770.27%	36.34%	-94.87%
EPS Growth	-53.16%	-2.50%	-85.64%	982.14%	-7.59%	35.00%	-167.20%	109.84%	1,740.00%	66.30%	-99.22%
Operating Cash Flow Growth	45.49%	-16.16%	-50.26%	-7.12%	153.23%	18.95%	-87.95%	340.00%	144.19%	-1.96%	-57.38%
Free Cash Flow Firm Growth	-47.16%	52.75%	-240.29%	225.53%	-47.69%	72.61%	-140.25%	260.90%	91.36%	-83.00%	591.44%
Invested Capital Growth	-4.24%	-5.41%	41.98%	11.97%	2.35%	-9.46%	1.45%	-14.67%	-2.19%	41.13%	-31.11%
Revenue Q/Q Growth	-6.12%	-13.27%	7.71%	4.17%	2.08%	-2.59%	-10.25%	15.89%	5.49%	-4.91%	-3.25%
EBITDA Q/Q Growth	-1.20%	-1.16%	49.04%	16.58%	13.52%	-6.38%	-132.88%	81.43%	20.04%	-7.12%	-17.23%
EBIT Q/Q Growth	-2.32%	-1.65%	967.47%	7.93%	30.18%	-9.19%	-146.97%	256.92%	28.59%	-9.11%	-45.14%
NOPAT Q/Q Growth	-37.11%	-5.22%	314.07%	503.94%	-30.27%	-13.21%	-141.30%	274.19%	21.41%	-8.50%	-8.05%
Net Income Q/Q Growth	-8.57%	-2.71%	114.29%	573.63%	-24.51%	-15.62%	-50.23%	346.67%	29.58%	-7.87%	-56.31%
EPS Q/Q Growth	-11.50%	-0.51%	187.50%	531.25%	-40.04%	-7.80%	-76.39%	189.29%	36.90%	-2.55%	-91.30%
Operating Cash Flow Q/Q Growth	-1.43%	-25.63%	86.19%	-33.88%	40.49%	-1.06%	-42.31%	-3.41%	9.64%	-12.47%	49.63%
Free Cash Flow Firm Q/Q Growth	-19.39%	-35.93%	23.33%	88.54%	60.61%	10.37%	-42.07%	9.93%	6.46%	-84.36%	949.68%
Invested Capital Q/Q Growth	-8.07%	5.25%	-1.39%	23.17%	4.94%	-0.54%	-3.03%	2.41%	7.59%	43.12%	-4.41%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	4.17%	9.22%	3.97%	4.54%	9.28%	11.03%	-4.81%	3.01%	10.37%	13.77%	2.69%
EBITDA Margin	6.62%	10.98%	5.54%	6.76%	11.52%	13.83%	-1.22%	5.26%	10.77%	15.52%	5.18%
Operating Margin	2.90%	7.76%	1.46%	2.42%	7.47%	9.11%	-8.47%	1.20%	8.84%	12.14%	0.76%
EBIT Margin	4.90%	7.91%	1.51%	2.45%	7.68%	9.32%	-8.30%	1.41%	8.13%	12.30%	1.26%
Profit (Net Income) Margin	3.40%	5.48%	0.19%	4.31%	5.14%	5.69%	-8.14%	1.02%	5.91%	9.50%	0.59%
Tax Burden Percent	76.00%	77.90%	-81.82%	678.95%	82.25%	73.73%	77.11%	112.12%	80.40%	80.92%	236.84%
Interest Burden Percent	91.24%	88.97%	-15.28%	25.85%	81.35%	82.80%	127.30%	64.71%	90.41%	95.43%	19.79%
Effective Tax Rate	24.00%	22.10%	0.00%	-578.95%	17.75%	26.27%	0.00%	-12.12%	19.60%	19.08%	-136.84%
Return on Invested Capital (ROIC)	12.39%	21.27%	2.70%	43.59%	18.13%	18.38%	-10.47%	4.69%	40.90%	40.26%	6.16%
ROIC Less NNEP Spread (ROIC-NNEP)	-68.91%	53.81%	-22.16%	-88.09%	6.01%	5.79%	-21.56%	2.52%	29.19%	37.97%	-1.13%
Return on Net Nonoperating Assets (RNNOA)	5.24%	-3.09%	-2.15%	-28.47%	1.95%	1.67%	-11.70%	2.75%	41.61%	55.75%	-1.48%
Return on Equity (ROE)	17.63%	18.18%	0.54%	15.12%	20.07%	20.05%	-22.17%	7.44%	82.51%	96.01%	4.67%
Cash Return on Invested Capital (CROIC)	16.72%	26.83%	-32.00%	32.30%	15.81%	28.31%	-11.90%	20.52%	43.12%	6.15%	43.00%
Operating Return on Assets (OROA)	12.52%	12.71%	1.96%	3.74%	14.01%	15.00%	-8.27%	2.59%	22.08%	25.76%	2.14%
Return on Assets (ROA)	8.68%	8.81%	0.24%	6.57%	9.38%	9.16%	-8.12%	1.88%	16.05%	19.90%	1.00%
Return on Common Equity (ROCE)	10.93%	10.95%	0.30%	7.87%	12.14%	14.88%	-18.52%	5.88%	57.30%	72.33%	3.76%
Return on Equity Simple (ROE_SIMPLE)	31.31%	30.26%	1.05%	28.07%	28.46%	25.99%	-31.40%	13.38%	121.28%	103.66%	6.40%
Net Operating Profit after Tax (NOPAT)	201	328	49	984	438	428	-233	98	774	909	137
NOPAT Margin	2.21%	6.05%	1.02%	16.44%	6.14%	6.72%	-5.93%	1.35%	7.11%	9.83%	1.81%
Net Nonoperating Expense Percent (NNEP)	81.30%	-32.53%	24.86%	131.68%	12.12%	12.59%	11.09%	2.17%	11.71%	2.29%	7.28%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	32.50%	28.20%	4.89%
Cost of Revenue to Revenue	95.83%	90.78%	96.03%	95.46%	90.72%	88.97%	104.81%	96.99%	89.63%	86.23%	97.31%
SG&A Expenses to Revenue	1.20%	1.82%	2.30%	1.89%	1.57%	1.84%	2.19%	1.64%	1.37%	1.52%	1.83%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	1.27%	1.46%	2.51%	2.12%	1.81%	1.92%	3.66%	1.81%	1.53%	1.62%	1.93%
Earnings before Interest and Taxes (EBIT)	446	430	72	147	547	593	-326	102	886	1,137	96
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	603	597	265	405	821	880	-48	381	1,174	1,435	394
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.12	1.20	1.00	1.49	1.23	1.42	0.75	1.95	4.89	3.42	2.68
Price to Tangible Book Value (P/TBV)	1.17	1.25	1.05	1.49	1.23	1.42	0.75	1.95	4.89	3.42	2.68
Price to Revenue (P/Rev)	0.12	0.22	0.18	0.23	0.22	0.31	0.19	0.15	0.24	0.31	0.25
Price to Earnings (P/E)	6.37	6.97	34.32	5.22	6.09	5.20	0.00	43.04	5.61	3.76	269.13
Dividend Yield	39.21%	14.70%	20.24%	12.65%	15.95%	15.51%	36.15%	22.42%	13.39%	6.95%	10.67%
Earnings Yield	15.71%	14.36%	2.91%	19.16%	16.43%	19.22%	0.00%	2.32%	17.82%	26.58%	0.37%
Enterprise Value to Invested Capital (EV/IC)	1.08	1.13	1.00	1.19	1.12	1.26	0.89	1.27	2.10	1.77	1.65
Enterprise Value to Revenue (EV/Rev)	0.19	0.31	0.45	0.47	0.38	0.44	0.51	0.34	0.36	0.51	0.39
Enterprise Value to EBITDA (EV/EBITDA)	2.84	2.85	8.04	7.01	3.33	3.18	0.00	6.40	3.35	3.27	7.62
Enterprise Value to EBIT (EV/EBIT)	3.84	3.95	29.60	19.32	4.99	4.71	0.00	23.89	4.45	4.12	31.26
Enterprise Value to NOPAT (EV/NOPAT)	8.53	5.17	43.49	2.88	6.24	6.54	0.00	24.98	5.09	5.16	21.85
Enterprise Value to Operating Cash Flow (EV/OCF)	2.68	3.16	7.98	11.45	4.35	3.74	22.10	6.15	4.07	4.95	7.43
Enterprise Value to Free Cash Flow (EV/FCFF)	6.32	4.10	0.00	3.89	7.16	4.24	0.00	5.71	4.83	33.79	3.13
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.40	0.42	0.68	0.68	0.60	0.72	1.39	2.15	2.01	2.11	2.16
Long-Term Debt to Equity	0.40	0.34	0.68	0.68	0.60	0.71	1.38	2.15	2.00	1.52	2.15
Financial Leverage	-0.08	-0.06	0.10	0.32	0.32	0.29	0.54	1.09	1.43	1.47	1.32
Leverage Ratio	2.03	2.06	2.22	2.30	2.14	2.19	2.73	3.96	5.14	4.83	4.66
Compound Leverage Factor	1.85	1.84	-0.34	0.60	1.74	1.81	3.48	2.56	4.65	4.60	0.92
Debt to Total Capital	28.67%	29.37%	40.48%	40.59%	37.52%	41.74%	58.11%	68.23%	66.79%	67.79%	68.36%
Short-Term Debt to Total Capital	0.00%	5.51%	0.00%	0.00%	0.00%	0.17%	0.27%	0.00%	0.25%	18.80%	0.43%
Long-Term Debt to Total Capital	28.67%	23.86%	40.48%	40.59%	37.52%	41.56%	57.84%	68.23%	66.54%	48.99%	67.94%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	29.26%	27.20%	29.64%	27.37%	21.13%	9.61%	6.87%	8.95%	10.92%	5.93%	6.59%
Common Equity to Total Capital	42.07%	43.43%	29.87%	32.04%	41.35%	48.66%	35.02%	22.81%	22.29%	26.28%	25.04%
Debt to EBITDA	1.12	1.12	4.39	2.87	1.42	1.36	-35.23	4.34	1.36	1.52	4.87
Net Debt to EBITDA	-0.13	-0.17	1.59	1.68	0.61	0.62	-21.33	3.00	0.92	1.12	2.37
Long-Term Debt to EBITDA	1.12	0.91	4.39	2.87	1.42	1.35	-35.06	4.34	1.35	1.10	4.84
Debt to NOPAT	3.35	2.03	23.73	1.18	2.67	2.79	-7.25	16.96	2.05	2.40	13.97
Net Debt to NOPAT	-0.40	-0.30	8.60	0.69	1.14	1.27	-4.39	11.73	1.40	1.77	6.78
Long-Term Debt to NOPAT	3.35	1.65	23.73	1.18	2.67	2.78	-7.22	16.96	2.05	1.74	13.88
Altman Z-Score	3.71	2.70	1.56	2.16	2.87	2.83	0.94	1.87	3.54	3.17	2.13
Noncontrolling Interest Sharing Ratio	38.00%	39.79%	44.35%	47.94%	39.54%	25.81%	16.45%	20.97%	30.56%	24.66%	19.52%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.44	2.63	2.32	1.98	2.61	2.14	2.13	1.18	1.11	1.30	1.66
Quick Ratio	2.21	1.80	1.57	1.22	1.69	1.40	1.28	0.70	0.60	0.52	1.17
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	271	414	-581	729	382	659	-265	427	816	139	959
Operating Cash Flow to CapEx	293.31%	245.56%	200.75%	206.67%	621.78%	889.29%	73.17%	182.49%	506.28%	462.44%	225.70%
Free Cash Flow to Firm to Interest Expense	6.78	8.56	-7.00	6.69	3.74	6.46	-2.04	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	16.01	11.09	3.22	2.28	6.16	7.32	0.69	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	10.55	6.57	1.61	1.17	5.17	6.50	-0.25	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.56	1.61	1.30	1.52	1.83	1.61	1.00	1.84	2.72	2.10	1.70
Accounts Receivable Turnover	43.06	37.65	36.88	36.19	40.94	36.26	21.83	30.36	33.17	28.72	26.20
Inventory Turnover	20.39	15.92	14.37	15.92	17.26	15.04	12.28	17.96	17.63	12.99	13.39
Fixed Asset Turnover	4.82	2.80	2.06	2.28	2.84	0.00	0.00	0.00	4.82	0.00	0.00
Accounts Payable Turnover	26.74	18.38	17.56	19.19	19.76	15.47	11.87	20.33	21.56	15.53	13.87
Days Sales Outstanding (DSO)	8.48	9.70	9.90	10.09	8.91	10.07	16.72	12.02	11.00	12.71	13.93
Days Inventory Outstanding (DIO)	17.90	22.93	25.40	22.93	21.15	24.27	29.73	20.32	20.71	28.11	27.26
Days Payable Outstanding (DPO)	13.65	19.85	20.79	19.02	18.47	23.59	30.75	17.95	16.93	23.50	26.32
Cash Conversion Cycle (CCC)	12.72	12.77	14.51	14.00	11.60	10.74	15.70	14.38	14.78	17.31	14.87
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,587	1,501	2,131	2,386	2,442	2,211	2,243	1,914	1,872	2,642	1,820
Invested Capital Turnover	5.62	3.52	2.63	2.65	2.95	2.74	1.76	3.48	5.76	4.10	3.41
Increase / (Decrease) in Invested Capital	-70	-86	630	255	56	-231	32	-329	-42	770	-822
Enterprise Value (EV)	1,714	1,698	2,131	2,839	2,732	2,795	1,989	2,437	3,939	4,688	3,001
Market Capitalization	1,107	1,181	858	1,372	1,576	1,977	765	1,076	2,598	2,893	1,884
Book Value per Share	$11.38	$11.33	$9.88	$10.58	$12.79	$13.86	$10.14	$5.50	$5.28	$8.43	$6.99
Tangible Book Value per Share	$10.91	$10.86	$9.41	$10.58	$12.79	$13.86	$10.14	$5.50	$5.28	$8.43	$6.99
Total Capital	2,349	2,266	2,872	2,868	3,110	2,863	2,910	2,424	2,382	3,223	2,807
Total Debt	674	666	1,163	1,164	1,167	1,195	1,691	1,654	1,591	2,185	1,919
Total Long-Term Debt	674	541	1,163	1,164	1,167	1,190	1,683	1,654	1,585	1,579	1,907
Net Debt	-80	-100	421	682	499	543	1,024	1,144	1,081	1,604	932
Capital Expenditures (CapEx)	218	219	133	120	101	84	123	217	191	205	179
Debt-free, Cash-free Net Working Capital (DFCFNWC)	279	149	14	52	129	31	84	-297	-350	522	-249
Debt-free Net Working Capital (DFNWC)	1,033	914	750	534	797	683	751	213	160	1,103	738
Net Working Capital (NWC)	1,033	789	750	534	797	678	743	213	154	497	726
Net Nonoperating Expense (NNE)	-109	31	40	726	72	66	87	24	130	31	92
Net Nonoperating Obligations (NNO)	-89	-100	421	682	499	543	1,024	1,144	1,081	1,604	932
Total Depreciation and Amortization (D&A)	157	167	193	258	274	287	278	279	288	298	298
Debt-free, Cash-free Net Working Capital to Revenue	3.07%	2.74%	0.29%	0.87%	1.81%	0.49%	2.14%	-4.10%	-3.21%	5.65%	-3.27%
Debt-free Net Working Capital to Revenue	11.34%	16.82%	15.68%	8.92%	11.19%	10.73%	19.11%	2.94%	1.47%	11.93%	9.70%
Net Working Capital to Revenue	11.34%	14.52%	15.68%	8.92%	11.19%	10.65%	18.91%	2.94%	1.41%	5.37%	9.54%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.00	$1.95	$0.28	$2.70	$3.12	$3.78	($2.54)	$0.25	$4.60	$7.65	$0.06
Adjusted Weighted Average Basic Shares Outstanding	86.80M	86.80M	86.83M	86.83M	100.53M	100.53M	100.53M	100.50M	100.50M	100.50M	100.50M
Adjusted Diluted Earnings per Share	$2.00	$1.95	$0.28	$2.70	$3.12	$3.78	($2.54)	$0.25	$4.60	$7.65	$0.06
Adjusted Weighted Average Diluted Shares Outstanding	86.80M	86.80M	86.83M	86.83M	100.53M	100.53M	100.53M	100.50M	100.50M	100.50M	100.50M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$2.70	$3.12	$3.78	($2.54)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	86.83M	86.83M	86.80M	86.80M	92.50M	100.50M	100.50M	100.53M	100.53M	100.53M	100.53M
Normalized Net Operating Profit after Tax (NOPAT)	201	307	50	104	442	425	-200	63	783	910	41
Normalized NOPAT Margin	2.21%	5.65%	1.04%	1.73%	6.21%	6.67%	-5.08%	0.87%	7.19%	9.85%	0.53%
Pre Tax Income Margin	4.47%	7.04%	-0.23%	0.63%	6.25%	7.72%	-10.56%	0.91%	7.35%	11.73%	0.25%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	11.16	8.88	0.87	1.35	5.36	5.81	-2.51	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	5.02	6.79	0.59	9.03	4.29	4.19	-1.79	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	5.70	4.36	-0.73	0.25	4.37	4.99	-3.45	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-0.44	2.27	-1.01	7.93	3.30	3.37	-2.74	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	200.10%	125.39%	1,933.33%	86.43%	90.44%	175.97%	-37.81%	367.57%	95.03%	71.87%	433.33%
Augmented Payout Ratio	200.10%	125.39%	1,933.33%	86.43%	90.44%	175.97%	-40.00%	368.92%	96.89%	71.87%	433.33%

This table displays calculated financial ratios and metrics derived from CVR Energy's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	43.34%	26.83%	-3.67%	-28.88%	-6.56%	-17.80%	-18.50%	-12.03%	-27.32%	-11.62%	-11.65%
EBITDA Growth	-25.82%	166.10%	44.24%	-24.94%	192.27%	-35.03%	-49.38%	-65.45%	-106.62%	-40.20%	-130.05%
EBIT Growth	-40.11%	447.73%	57.82%	-30.49%	323.58%	-47.30%	-61.86%	-86.40%	-124.50%	-62.20%	-201.57%
NOPAT Growth	-21.88%	223.82%	50.74%	-43.65%	279.74%	-45.64%	-61.87%	-51.83%	-121.99%	-70.82%	-188.64%
Net Income Growth	-24.53%	588.00%	69.28%	-29.71%	342.50%	-43.60%	-65.25%	-77.38%	-134.46%	-59.79%	-216.67%
EPS Growth	10.84%	953.85%	108.60%	-21.34%	281.52%	-18.02%	-58.25%	-83.72%	-135.33%	-69.23%	-250.62%
Operating Cash Flow Growth	12.23%	607.14%	-23.29%	-5.90%	137.18%	-136.36%	-28.34%	-77.93%	-87.03%	372.22%	-210.17%
Free Cash Flow Firm Growth	-60.42%	-41.34%	-72.07%	-69.22%	13.39%	-395.84%	-94.97%	-217.13%	-154.05%	227.10%	-980.94%
Invested Capital Growth	-6.90%	-2.19%	6.88%	3.13%	6.09%	41.13%	5.02%	12.65%	3.14%	-31.11%	-1.29%
Revenue Q/Q Growth	-14.15%	-0.70%	-14.70%	-2.19%	12.79%	-12.65%	-15.43%	5.58%	-6.81%	6.22%	-15.46%
EBITDA Q/Q Growth	-54.86%	73.48%	27.71%	-24.94%	75.75%	-61.44%	-0.49%	-48.77%	-133.65%	448.57%	-150.00%
EBIT Q/Q Growth	-67.68%	127.36%	38.17%	-31.53%	96.93%	-71.71%	0.00%	-75.59%	-454.84%	143.64%	-368.75%
NOPAT Q/Q Growth	-69.93%	94.69%	47.15%	-34.58%	102.61%	-72.13%	3.22%	-17.36%	-192.51%	136.98%	-413.50%
Net Income Q/Q Growth	-66.53%	115.00%	50.58%	-35.14%	110.71%	-72.60%	-7.22%	-57.78%	-421.05%	131.97%	-369.23%
EPS Q/Q Growth	-43.90%	20.65%	74.77%	-33.51%	172.09%	-74.07%	-10.99%	-74.07%	-690.48%	122.58%	-535.71%
Operating Cash Flow Q/Q Growth	-60.00%	-36.54%	149.49%	48.58%	0.82%	-109.73%	591.67%	-54.24%	-40.74%	104.17%	-298.98%
Free Cash Flow Firm Q/Q Growth	-43.79%	1.20%	-34.48%	-17.41%	107.05%	-364.04%	101.11%	-2,024.12%	4.46%	720.90%	-107.72%
Invested Capital Q/Q Growth	-0.85%	7.59%	2.14%	-5.33%	1.99%	43.12%	-24.00%	1.54%	-6.62%	-4.41%	8.90%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	5.19%	10.75%	16.23%	11.49%	19.23%	7.26%	8.64%	2.90%	-3.87%	2.98%	-5.53%
EBITDA Margin	6.71%	11.72%	17.54%	13.46%	20.98%	9.26%	10.90%	5.29%	-1.91%	6.27%	-3.71%
Operating Margin	3.82%	8.88%	14.44%	10.02%	17.64%	5.63%	6.60%	1.37%	-6.16%	1.08%	-7.96%
EBIT Margin	3.93%	8.99%	14.57%	10.20%	17.80%	5.76%	6.82%	1.58%	-6.00%	2.47%	-7.84%
Profit (Net Income) Margin	2.96%	6.42%	11.33%	7.51%	14.04%	4.40%	4.83%	1.93%	-6.66%	2.00%	-6.38%
Tax Burden Percent	91.95%	77.48%	82.22%	79.25%	80.82%	80.83%	84.11%	316.67%	95.31%	139.29%	68.18%
Interest Burden Percent	82.08%	92.12%	94.59%	92.98%	97.55%	94.49%	84.25%	38.71%	116.36%	58.33%	119.38%
Effective Tax Rate	8.05%	22.52%	17.78%	20.75%	19.18%	19.17%	15.89%	-216.67%	0.00%	-39.29%	0.00%
Return on Invested Capital (ROIC)	20.09%	39.60%	69.33%	44.10%	77.34%	18.64%	25.00%	19.32%	-18.10%	5.12%	-20.65%
ROIC Less NNEP Spread (ROIC-NNEP)	18.67%	38.49%	68.03%	42.85%	76.66%	18.40%	23.60%	14.13%	-23.03%	5.89%	-21.88%
Return on Net Nonoperating Assets (RNNOA)	25.19%	54.86%	71.46%	32.14%	66.30%	27.01%	22.75%	12.82%	-19.98%	7.76%	-25.62%
Return on Equity (ROE)	45.28%	94.46%	140.79%	76.24%	143.64%	45.65%	47.75%	32.15%	-38.08%	12.88%	-46.26%
Cash Return on Invested Capital (CROIC)	42.49%	43.12%	40.17%	37.70%	49.48%	6.15%	32.88%	20.05%	4.87%	43.00%	-5.57%
Operating Return on Assets (OROA)	10.04%	24.42%	36.82%	22.72%	40.13%	12.08%	14.49%	3.28%	-11.38%	4.18%	-13.89%
Return on Assets (ROA)	7.58%	17.43%	28.64%	16.74%	31.64%	9.23%	10.27%	4.02%	-12.62%	3.40%	-11.30%
Return on Common Equity (ROCE)	33.22%	65.60%	102.88%	57.04%	113.31%	34.40%	37.18%	25.55%	-30.95%	10.37%	-36.72%
Return on Equity Simple (ROE_SIMPLE)	88.75%	0.00%	111.11%	89.93%	99.58%	0.00%	80.66%	68.20%	15.26%	0.00%	-25.86%
Net Operating Profit after Tax (NOPAT)	95	184	271	178	360	100	103	86	-79	29	-92
NOPAT Margin	3.51%	6.88%	11.87%	7.94%	14.26%	4.55%	5.55%	4.35%	-4.32%	1.50%	-5.57%
Net Nonoperating Expense Percent (NNEP)	1.42%	1.11%	1.30%	1.24%	0.68%	0.24%	1.40%	5.19%	4.93%	-0.77%	1.24%
Return On Investment Capital (ROIC_SIMPLE)	-	7.74%	-	-	-	3.11%	-	-	-	1.04%	-3.43%
Cost of Revenue to Revenue	94.81%	89.25%	83.77%	88.51%	80.77%	92.74%	91.36%	97.10%	103.87%	97.02%	105.53%
SG&A Expenses to Revenue	1.30%	1.42%	1.71%	1.43%	1.51%	1.45%	1.93%	1.42%	2.18%	1.80%	2.25%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	1.37%	1.87%	1.79%	1.48%	1.59%	1.63%	2.04%	1.53%	2.29%	1.90%	2.43%
Earnings before Interest and Taxes (EBIT)	106	241	333	228	449	127	127	31	-110	48	-129
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	181	314	401	301	529	204	203	104	-35	122	-61
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.98	4.89	4.09	3.41	3.18	3.42	3.93	3.11	3.43	2.68	3.36
Price to Tangible Book Value (P/TBV)	3.98	4.89	4.09	3.41	3.18	3.42	3.93	3.11	3.43	2.68	3.36
Price to Revenue (P/Rev)	0.22	0.24	0.26	0.26	0.31	0.31	0.39	0.31	0.29	0.25	0.26
Price to Earnings (P/E)	6.59	5.61	4.89	4.86	3.86	3.76	5.27	4.83	33.07	269.13	0.00
Dividend Yield	12.01%	13.39%	14.43%	8.60%	7.60%	6.95%	5.82%	7.62%	8.68%	10.67%	10.31%
Earnings Yield	15.18%	17.82%	20.44%	20.56%	25.92%	26.58%	18.98%	20.72%	3.02%	0.37%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.96	2.10	2.09	2.00	2.13	1.77	2.28	1.88	1.86	1.65	1.69
Enterprise Value to Revenue (EV/Rev)	0.33	0.36	0.37	0.37	0.40	0.51	0.52	0.45	0.45	0.39	0.45
Enterprise Value to EBITDA (EV/EBITDA)	3.48	3.35	3.08	3.03	2.55	3.27	3.71	3.68	7.45	7.62	25.79
Enterprise Value to EBIT (EV/EBIT)	4.94	4.45	3.96	4.00	3.14	4.12	4.93	5.22	20.25	31.26	0.00
Enterprise Value to NOPAT (EV/NOPAT)	5.34	5.09	4.61	4.99	3.96	5.16	6.19	6.23	23.72	21.85	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	3.86	4.07	4.48	4.18	3.63	4.95	5.22	6.47	13.13	7.43	104.76
Enterprise Value to Free Cash Flow (EV/FCFF)	4.44	4.83	5.38	5.40	4.43	33.79	7.12	9.92	38.78	3.13	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.06	2.01	1.71	1.62	1.37	2.11	1.49	1.52	1.85	2.16	2.47
Long-Term Debt to Equity	2.06	2.00	1.71	1.62	1.37	1.52	1.48	1.51	1.84	2.15	2.47
Financial Leverage	1.35	1.43	1.05	0.75	0.86	1.47	0.96	0.91	0.87	1.32	1.17
Leverage Ratio	5.26	5.14	4.74	4.36	4.49	4.83	4.16	4.07	4.13	4.66	4.54
Compound Leverage Factor	4.32	4.74	4.48	4.06	4.38	4.56	3.50	1.58	4.81	2.72	5.42
Debt to Total Capital	67.30%	66.79%	63.03%	61.85%	57.88%	67.79%	59.77%	60.34%	64.89%	68.36%	71.20%
Short-Term Debt to Total Capital	0.00%	0.25%	0.00%	0.00%	0.00%	18.80%	0.30%	0.30%	0.33%	0.43%	0.00%
Long-Term Debt to Total Capital	67.30%	66.54%	63.03%	61.85%	57.88%	48.99%	59.46%	60.04%	64.56%	67.94%	71.20%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	8.95%	10.92%	10.11%	8.67%	7.13%	5.93%	7.09%	7.31%	7.42%	6.59%	7.13%
Common Equity to Total Capital	23.75%	22.29%	26.86%	29.48%	34.99%	26.28%	33.14%	32.34%	27.69%	25.04%	21.67%
Debt to EBITDA	1.62	1.36	1.22	1.32	1.02	1.52	1.28	1.52	3.32	4.87	14.66
Net Debt to EBITDA	0.99	0.92	0.76	0.70	0.45	1.12	0.76	0.96	2.20	2.37	9.32
Long-Term Debt to EBITDA	1.62	1.35	1.22	1.32	1.02	1.10	1.27	1.52	3.31	4.84	14.66
Debt to NOPAT	2.49	2.05	1.83	2.18	1.59	2.40	2.14	2.58	10.59	13.97	-13.89
Net Debt to NOPAT	1.52	1.40	1.13	1.15	0.70	1.77	1.27	1.62	7.01	6.78	-8.83
Long-Term Debt to NOPAT	2.49	2.05	1.83	2.18	1.59	1.74	2.13	2.56	10.54	13.88	-13.89
Altman Z-Score	2.65	3.02	3.14	2.86	3.08	2.46	2.88	2.61	2.20	2.10	1.78
Noncontrolling Interest Sharing Ratio	26.63%	30.56%	26.93%	25.18%	21.11%	24.66%	22.14%	20.52%	18.73%	19.52%	20.62%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.08	1.11	1.22	1.28	1.44	1.30	1.49	1.46	1.33	1.66	1.32
Quick Ratio	0.61	0.60	0.69	0.82	0.92	0.52	0.86	0.87	0.77	1.17	0.81
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	224	226	148	123	254	-670	7.46	-144	-137	851	-66
Operating Cash Flow to CapEx	273.68%	215.22%	548.89%	667.27%	755.10%	-65.45%	384.78%	188.37%	141.18%	178.18%	-433.33%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	2.56	2.72	2.53	2.23	2.25	2.10	2.13	2.08	1.90	1.70	1.77
Accounts Receivable Turnover	36.89	33.17	31.65	27.58	30.58	28.72	30.27	28.61	26.35	26.20	25.80
Inventory Turnover	17.86	17.63	14.81	14.20	13.40	12.99	12.83	14.42	13.64	13.39	12.55
Fixed Asset Turnover	0.00	4.82	0.00	0.00	4.33	0.00	3.97	3.86	3.58	0.00	3.38
Accounts Payable Turnover	19.48	21.56	15.67	15.63	14.82	15.53	14.60	15.56	14.68	13.87	12.71
Days Sales Outstanding (DSO)	9.89	11.00	11.53	13.23	11.94	12.71	12.06	12.76	13.85	13.93	14.14
Days Inventory Outstanding (DIO)	20.44	20.71	24.64	25.71	27.23	28.11	28.45	25.32	26.75	27.26	29.09
Days Payable Outstanding (DPO)	18.73	16.93	23.29	23.36	24.62	23.50	25.00	23.47	24.87	26.32	28.72
Cash Conversion Cycle (CCC)	11.60	14.78	12.89	15.59	14.55	17.31	15.51	14.61	15.73	14.87	14.51
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,740	1,872	1,912	1,810	1,846	2,642	2,008	2,039	1,904	1,820	1,982
Invested Capital Turnover	5.72	5.76	5.84	5.55	5.42	4.10	4.50	4.45	4.20	3.41	3.71
Increase / (Decrease) in Invested Capital	-129	-42	123	55	106	770	96	229	58	-822	-26
Enterprise Value (EV)	3,406	3,939	3,996	3,628	3,933	4,688	4,586	3,830	3,544	3,001	3,352
Market Capitalization	2,226	2,598	2,759	2,573	3,044	2,893	3,457	2,640	2,315	1,884	1,950
Book Value per Share	$5.57	$5.28	$6.71	$7.51	$9.52	$8.43	$8.75	$8.45	$6.71	$6.99	$5.77
Tangible Book Value per Share	$5.57	$5.28	$6.71	$7.51	$9.52	$8.43	$8.75	$8.45	$6.71	$6.99	$5.77
Total Capital	2,358	2,382	2,513	2,561	2,735	3,223	2,652	2,625	2,438	2,807	2,677
Total Debt	1,587	1,591	1,584	1,584	1,583	2,185	1,585	1,584	1,582	1,919	1,906
Total Long-Term Debt	1,587	1,585	1,584	1,584	1,583	1,579	1,577	1,576	1,574	1,907	1,906
Net Debt	969	1,081	983	833	694	1,604	941	998	1,048	932	1,211
Capital Expenditures (CapEx)	57	46	45	55	49	55	46	43	34	55	45
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-491	-350	-311	-390	-313	522	-124	-108	-173	-249	-300
Debt-free Net Working Capital (DFNWC)	127	160	290	361	576	1,103	520	478	361	738	395
Net Working Capital (NWC)	127	154	290	361	576	497	512	470	353	726	395
Net Nonoperating Expense (NNE)	15	12	12	9.51	5.66	3.23	13	48	43	-9.75	13
Net Nonoperating Obligations (NNO)	969	1,081	983	833	694	1,604	941	998	1,048	932	1,211
Total Depreciation and Amortization (D&A)	75	73	68	73	80	77	76	73	75	74	68
Debt-free, Cash-free Net Working Capital to Revenue	-4.75%	-3.21%	-2.88%	-3.94%	-3.22%	5.65%	-1.41%	-1.26%	-2.20%	-3.27%	-4.06%
Debt-free Net Working Capital to Revenue	1.23%	1.47%	2.68%	3.65%	5.92%	11.93%	5.89%	5.59%	4.59%	9.70%	5.34%
Net Working Capital to Revenue	1.23%	1.41%	2.68%	3.65%	5.92%	5.37%	5.80%	5.49%	4.49%	9.54%	5.34%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.92	$1.11	$1.94	$1.29	$3.51	$0.91	$0.81	$0.21	($1.24)	$0.28	($1.22)
Adjusted Weighted Average Basic Shares Outstanding	100.50M	100.50M	100.50M	100.50M	100.50M	100.50M	100.50M	100.50M	100.50M	100.50M	100.50M
Adjusted Diluted Earnings per Share	$0.92	$1.11	$1.94	$1.29	$3.51	$0.91	$0.81	$0.21	($1.24)	$0.28	($1.22)
Adjusted Weighted Average Diluted Shares Outstanding	100.50M	100.50M	100.50M	100.50M	100.50M	100.50M	100.50M	100.50M	100.50M	100.50M	100.50M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	100.53M	100.53M	100.53M	100.53M	100.53M	100.53M	100.53M	100.53M	100.53M	100.53M	100.53M
Normalized Net Operating Profit after Tax (NOPAT)	96	184	271	178	360	101	104	19	-79	14	-91
Normalized NOPAT Margin	3.54%	6.88%	11.87%	7.94%	14.29%	4.59%	5.60%	0.96%	-4.32%	0.72%	-5.53%
Pre Tax Income Margin	3.22%	8.28%	13.78%	9.48%	17.37%	5.45%	5.74%	0.61%	-6.98%	1.44%	-9.36%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	96.58%	95.03%	92.80%	112.22%	59.92%	71.87%	80.68%	88.95%	388.35%	433.33%	-97.33%
Augmented Payout Ratio	98.99%	96.89%	92.80%	112.22%	59.92%	71.87%	80.68%	88.95%	388.35%	433.33%	-97.33%

Key Financial Trends

CVR Energy (NYSE: CVI) has experienced considerable fluctuations in financial performance over the past several quarters and years, as seen in its income statements, cash flow statements, and balance sheets from Q3 2022 through Q1 2025.

Positive factors impacting CVR Energy’s financials:

Strong revenue generation with operating revenue reaching up to $2.69 billion in Q3 2022, although it declined to ~$1.65 billion in Q1 2025 reflecting industry cycles.
Operating cost management resulted in positive gross profits in many quarters, such as $485 million in Q3 2023 and $160 million in Q4 2023.
Periods of net income and earnings per share gains, for example, net income of $354 million with a diluted EPS of $3.51 in Q3 2023 and $259 million with $1.94 EPS in Q1 2023, indicating profitability during favorable market conditions.
Substantial cash flow from operating activities in profitable quarters, notably $370 million in Q3 2023 and $247 million in Q1 2023, supporting operational liquidity.
Investments in property, plant & equipment remained consistent, showing the company’s commitment to maintaining and upgrading its asset base for future operations.
Cash and equivalents have generally remained strong, with $695 million reported as of Q1 2025, providing liquidity buffers.
Total equity and noncontrolling interests have been positive and somewhat stable, e.g., $771 million in Q1 2025 and over $1 billion in several previous quarters, reflecting solid shareholder value.

Neutral factors to consider:

Depreciation expense remains significant (around $2M to $77M quarterly), which is typical for capital-intensive energy companies.
Non-cash adjustments frequently impact operating cash flow, sometimes substantially positive or negative, reflecting accounting timing and valuation adjustments.
Capital expenditures and asset sales tend to balance out to some extent, with occasional net cash outflows reflecting business reinvestment strategies.

Negative factors affecting CVR Energy’s recent financial performance:

Recent quarter Q1 2025 shows operating losses with a gross profit of negative $91 million and net loss attributable to common shareholders of $123 million, indicating challenges in the current market climate or cost pressures.
Negative operating cash flows in Q1 2025 at -$195 million, combined with negative investing (-$82 million) and financing (-$15 million) cash flows, leading to a cash decrease of $292 million, pointing to liquidity strain.
Interest & investment income contributions have been negative in recent quarters, such as -$25 million in Q1 2025, worsening overall profitability.
Increasing liabilities, particularly long-term debt which has risen to about $1.9 billion in Q1 2025, posing higher financial leverage and risk.
Retained earnings remain deeply negative (e.g., -$927 million in Q1 2025), highlighting historical cumulative losses or dividend distributions exceeding earnings.
Large fluctuations in accounts payable and other current liabilities could indicate working capital management challenges.

Summary: CVR Energy has demonstrated periods of strong profitability and cash flow generation in 2022 and 2023, with solid earnings and healthy operating cash flows. However, in Q1 2025, the company faced significant losses and negative cash flows, likely due to increased operating costs and weaker margins. The firm maintains a substantial asset base and liquidity coverage but must manage its elevated debt and negative retained earnings. Investors should watch for improvements in operational efficiency and market conditions that could restore profitability and stabilize cash flows going forward.

09/14/25 06:45 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About CVR Energy's Financials

When does CVR Energy's fiscal year end?

According to the most recent income statement we have on file, CVR Energy's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has CVR Energy's net income changed over the last 10 years?

CVR Energy's net income appears to be on an upward trend, with a most recent value of $45 million in 2024, falling from $309.40 million in 2014. The previous period was $878 million in 2023. Check out CVR Energy's forecast to explore projected trends and price targets.

What is CVR Energy's operating income?

CVR Energy's total operating income in 2024 was $58 million, based on the following breakdown:

Total Gross Profit: $205 million
Total Operating Expenses: $147 million

How has CVR Energy's revenue changed over the last 10 years?

Over the last 10 years, CVR Energy's total revenue changed from $9.11 billion in 2014 to $7.61 billion in 2024, a change of -16.5%.

How much debt does CVR Energy have?

CVR Energy's total liabilities were at $3.38 billion at the end of 2024, a 8.0% decrease from 2023, and a 88.8% increase since 2014.

How much cash does CVR Energy have?

In the past 10 years, CVR Energy's cash and equivalents has ranged from $482 million in 2017 to $987 million in 2024, and is currently $987 million as of their latest financial filing in 2024.

How has CVR Energy's book value per share changed over the last 10 years?

Over the last 10 years, CVR Energy's book value per share changed from 11.38 in 2014 to 6.99 in 2024, a change of -38.5%.

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This page (NYSE:CVI) was last updated on 9/14/2025 by MarketBeat.com Staff

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CVR Energy (CVI) Financials

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CVR Energy (CVI) Financials

Annual Income Statements for CVR Energy

Quarterly Income Statements for CVR Energy

Annual Cash Flow Statements for CVR Energy

Quarterly Cash Flow Statements for CVR Energy

Annual Balance Sheets for CVR Energy

Quarterly Balance Sheets for CVR Energy

Annual Metrics And Ratios for CVR Energy

Quarterly Metrics And Ratios for CVR Energy

Key Financial Trends

Financials Breakdown Chart

Frequently Asked Questions About CVR Energy's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools