CVI CVR ENERGY INC

Overview and Growth

In fiscal 2025, CVR ENERGY INC recorded $7.16B of revenue, net income of $27.00M, and an operating cash inflow of $144.00M. Revenue of $7.16B sets the scale for evaluating how effectively sales translated into profit and cash during the year. The top line contracted 5.9% from $7.61B in fiscal 2024; this top-line contraction left the company with a smaller revenue base. Diluted earnings per share were $0.27, translating the period’s attributable earnings into the amount reported for each diluted share. Diluted EPS increased by 350.0% from $0.06 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. Asset turnover was 1.93x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The first profit layer was $346.00M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross margin was 4.8%, so that share of each revenue unit remained after the cost of revenue reported for the period. Operations produced $182.00M of income after the reported operating expense base, before the remaining non-operating and tax effects. Relative to revenue, operating income represented 2.5%, showing how efficiently sales converted into operating profit. Net income came to $27.00M, completing the progression from revenue through gross and operating profitability to the final reported result. Measured against reported revenue, net income produced a 0.4% margin after operating costs and the remaining recognized items. Before income taxes, the company reported $80.00M of earnings, providing a bridge between the operating result and final net income. The pretax margin was 1.1%, relating income before taxes directly to revenue. An income-tax benefit of $10.00M improved the final result relative to pretax income or loss. The tax benefit equaled 12.5% of positive pretax income, lifting the after-tax result.

Liquidity and Capital Structure

At period end, the $3.71B asset base was financed through $2.81B of liabilities and $898.00M of equity. The near-term balance sheet paired $1.27B of current assets with $706.00M of current liabilities at the reporting date. At 1.79x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Cash and equivalents totaled $511.00M, identifying the most liquid reported component available within the broader current-asset balance. The cash balance equaled 72.4% of current liabilities, showing how much near-term coverage came from cash alone. Total debt was $1.70B, establishing the amount of borrowing carried within the company’s capital structure. The debt-to-equity relationship was 1.89x, showing how much debt the company carried for each unit of book equity. The debt-to-assets relationship was 45.9%, comparing borrowing with the total asset balance. The liabilities-to-assets relationship was 75.8%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 13.8% of total assets, showing the liquid cash component within the company’s broader resource base.

Cash Flow and Earnings Quality

The company reported $144.00M of operating cash flow, a cash inflow that shows the cash generated by operations. Against net income, operating cash flow measured 5.33x, showing the relationship between accrual earnings and operating cash. Capital spending was $185.00M, absorbing part of the cash generated from operations before free cash flow. Capital spending absorbed 128.5% of operating cash flow, quantifying the share of cash from operations directed to investment. Negative free cash flow was $41.00M, leaving a cash deficit after capital spending and reducing financial flexibility. Free-cash-flow margin was -0.6%, reflecting a cash deficit equal to 0.6% of revenue after capital spending. Relative to total assets, the post-investment cash deficit measured 1.1%.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.