CVI
CVR Energy, Inc.
CVI's fundamentals are strong, but it looks expensive: trading at 16x earnings, above its usual 9.3x. Analysts expect strong earnings growth.
CVI Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Healthy | |
| Strong |
CVI's revenue, profitability, cash flow and balance sheet are all currently healthy.
CVI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 4.4x | $11.54 | -72% |
| Forward | 4.9x | $41.06 | — |
| Fair | 9.1x | $24.14 | -41% |
| Current | 16x | $41.06 | — |
| Expensive | 38x | $99.14 | +141% |
Historical ranges are pointers, not guarantees.
CVI's PE is in its expensive range at 16x. If earnings grow as analysts expect, today's price would be 4.9x next year's earnings, in its cheap range.
CVI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for CVI, with profitability improving.
CVI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.38 | +217% |
| Q3 2026 | $2.64 | +61% |
| Q2 2026 | $0.69 | +$4.01 |
| Q1 2026 | -$0.42 | +$1.55 |
| Q4 2025 | $0.27 | +350% |
| Q3 2025 | $1.64 | +138% |
| Q2 2025 | -$3.32 | -161% |
| Q1 2025 | -$1.97 | -130% |
| Q4 2024 | $0.06 | -99% |
CVI's earnings per share have fallen from their peak: $2.64 over the past year, against $7.85 in late 2023.
CVI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.3B | +69% |
| Q2 2026 | $2.7B | +55% |
| Q1 2026 | $2B | +20% |
| Q4 2025 | $1.8B | -7% |
| Q3 2025 | $1.9B | +6.1% |
| Q2 2025 | $1.8B | -10% |
| Q1 2025 | $1.6B | -12% |
| Q4 2024 | $1.9B | -12% |
CVI's revenue is growing: $3.3B last quarter, up 69% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 22% | -4.3 points |
| Q2 2026 | 2.9% | +8.7 points |
| Q1 2026 | -7.3% | +0.6 points |
| Q4 2025 | -5.3% | -6.3 points |
| Q3 2025 | 26% | +33 points |
| Q2 2025 | -5.8% | -7.2 points |
| Q1 2025 | -8% | -15 points |
| Q4 2024 | 1.1% | -4.5 points |
CVI's operating margin was 22% last quarter, down 4.3 points from the same quarter a year ago, near the top of its range since 2019.
CVI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $593M | +374% |
| Q2 2026 | $264M | +96% |
| Q1 2026 | $17M | +$263M |
| Q4 2025 | -$55M | -228% |
| Q3 2025 | $125M | +793% |
| Q2 2025 | $135M | +255% |
| Q1 2025 | -$246M | -289% |
| Q4 2024 | $43M | +$134M |
CVI generated $819M in free cash flow over the past year, more than ten times what it generated the year before.
CVI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | -- |
| 3 years | 0% | -- |
| 5 years | 0% | -- |
| Available history | 0% | -- |
CVI has 101M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | — |
| Q1 2022 | $12M |
CVI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 1.5x | Healthy |
| Q1 2026 | 2.2x | Moderate |
| Q4 2025 | 2.1x | Moderate |
| Q3 2025 | 1.9x | Healthy |
| Q1 2025 | 13.2x | High |
| Q4 2024 | 2.6x | Moderate |
| Q3 2024 | 2.3x | Moderate |
CVI's net debt is less than a year of its operating earnings (EBITDA), down from 1.9 years a year ago.
CVI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.0 | Neutral |
| Stochastic | 46.2 | Neutral |
CVI's weekly RSI is 48 (neutral) and its Stochastic is 46 (neutral).
CVI PE vs Energy Sector
| Metric | CVI | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 13x | 19% above |
| PE % | 66 | 61 | 5 pts above |
CVI is trading at 16x earnings, a 19% premium to the Energy sector's median of 13x.
CVI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $52.7 | 22% below |
| 20 week MA | $44.0 | 6.7% below |
| 50 week MA | $34.9 | 18% above |
| 100 week MA | $30.3 | 36% above |
| 200 week MA | $29.8 | 38% above |
CVI has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 38% above its 200-week average.
CVI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $32.0 | $11.6 | -64% |
| 2021 | $11.6 | $16.2 | +40% |
| 2022 | $16.2 | $31.7 | +95% |
| 2023 | $31.7 | $30.3 | -4.4% |
| 2024 | $30.3 | $18.5 | -39% |
| 2025 | $18.5 | $26.0 | +41% |
| 2026 YTD | $26.0 | $41.1 | +58% |
CVI is up 58% so far in 2026, after finishing lower in three of the previous six years.