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Side-by-side financial comparison of AMPCO PITTSBURGH CORP (AP) and CVR PARTNERS, LP (UAN). Click either name above to swap in a different company.
CVR PARTNERS, LP is the larger business by last-quarter revenue ($180.0M vs $104.4M, roughly 1.7× AMPCO PITTSBURGH CORP). CVR PARTNERS, LP runs the higher net margin — 27.7% vs -55.2%, a 83.0% gap on every dollar of revenue. On growth, CVR PARTNERS, LP posted the faster year-over-year revenue change (26.0% vs 11.5%). Over the past eight quarters, CVR PARTNERS, LP's revenue compounded faster (16.4% CAGR vs -2.6%).
Ampco-Pittsburgh Corporation is a specialty steel manufacturer headquartered in Downtown Pittsburgh, Pennsylvania. It is one of several companies to bear the Ampco name, and it should not be confused with the Milwaukee-based copper base alloy producer, Ampco Metal Inc.; the Miami-based cabinetry company; the Swiss aluminum corporation; or the Dallas-based tool company. Ampco was formed in 1929 and is a conglomerate made up of several previously established small steel makers. Five small compa...
CVR Partners, LP is a leading North American producer of nitrogen-based fertilizer products, primarily urea ammonium nitrate (UAN) and ammonia. It serves agricultural, industrial and commercial markets across the U.S. and Canada, delivering cost-effective, high-quality nutrient solutions for crop production and diverse industrial use cases.
AP vs UAN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $104.4M | $180.0M |
| Net Profit | $-57.7M | $49.9M |
| Gross Margin | — | 37.5% |
| Operating Margin | -54.0% | 32.0% |
| Net Margin | -55.2% | 27.7% |
| Revenue YoY | 11.5% | 26.0% |
| Net Profit YoY | -1958.9% | 84.3% |
| EPS (diluted) | $-2.87 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $180.0M | ||
| Q4 25 | $104.4M | $131.1M | ||
| Q3 25 | $103.7M | $163.5M | ||
| Q2 25 | $108.9M | $168.6M | ||
| Q1 25 | $99.2M | $142.9M | ||
| Q4 24 | $93.6M | $139.6M | ||
| Q3 24 | $92.1M | $125.2M | ||
| Q2 24 | $107.1M | $132.9M |
| Q1 26 | — | $49.9M | ||
| Q4 25 | $-57.7M | $-10.3M | ||
| Q3 25 | $-2.2M | $43.1M | ||
| Q2 25 | $-7.3M | $38.8M | ||
| Q1 25 | $1.1M | $27.1M | ||
| Q4 24 | $3.1M | $18.3M | ||
| Q3 24 | $-2.0M | $3.8M | ||
| Q2 24 | $2.0M | $26.2M |
| Q1 26 | — | 37.5% | ||
| Q4 25 | — | 4.4% | ||
| Q3 25 | — | 37.0% | ||
| Q2 25 | — | 32.4% | ||
| Q1 25 | — | 29.7% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | — | 14.7% | ||
| Q2 24 | — | 30.0% |
| Q1 26 | — | 32.0% | ||
| Q4 25 | -54.0% | -2.2% | ||
| Q3 25 | 1.1% | 31.0% | ||
| Q2 25 | -2.8% | 27.5% | ||
| Q1 25 | 3.9% | 24.2% | ||
| Q4 24 | 5.5% | 18.4% | ||
| Q3 24 | 2.0% | 8.8% | ||
| Q2 24 | 4.7% | 25.3% |
| Q1 26 | — | 27.7% | ||
| Q4 25 | -55.2% | -7.8% | ||
| Q3 25 | -2.1% | 26.3% | ||
| Q2 25 | -6.7% | 23.0% | ||
| Q1 25 | 1.2% | 19.0% | ||
| Q4 24 | 3.3% | 13.1% | ||
| Q3 24 | -2.1% | 3.0% | ||
| Q2 24 | 1.9% | 19.7% |
| Q1 26 | — | — | ||
| Q4 25 | $-2.87 | $-0.98 | ||
| Q3 25 | $-0.11 | $4.08 | ||
| Q2 25 | $-0.36 | $3.67 | ||
| Q1 25 | $0.06 | $2.56 | ||
| Q4 24 | $0.16 | $1.73 | ||
| Q3 24 | $-0.10 | $0.36 | ||
| Q2 24 | $0.10 | $2.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.7M | $128.1M |
| Total DebtLower is stronger | $117.9M | — |
| Stockholders' EquityBook value | $32.6M | — |
| Total Assets | $495.4M | $1.0B |
| Debt / EquityLower = less leverage | 3.61× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.1M | ||
| Q4 25 | $10.7M | $69.2M | ||
| Q3 25 | $15.0M | $156.2M | ||
| Q2 25 | $9.9M | $114.4M | ||
| Q1 25 | $7.1M | $121.8M | ||
| Q4 24 | $15.4M | $90.9M | ||
| Q3 24 | $11.8M | $110.5M | ||
| Q2 24 | $7.9M | $47.5M |
| Q1 26 | — | — | ||
| Q4 25 | $117.9M | $569.1M | ||
| Q3 25 | $119.0M | $569.1M | ||
| Q2 25 | $115.9M | $569.2M | ||
| Q1 25 | $115.0M | $569.3M | ||
| Q4 24 | $116.4M | $568.0M | ||
| Q3 24 | $116.0M | $547.7M | ||
| Q2 24 | $119.4M | $547.6M |
| Q1 26 | — | — | ||
| Q4 25 | $32.6M | — | ||
| Q3 25 | $60.1M | — | ||
| Q2 25 | $62.7M | — | ||
| Q1 25 | $64.6M | — | ||
| Q4 24 | $58.9M | — | ||
| Q3 24 | $61.3M | — | ||
| Q2 24 | $58.0M | — |
| Q1 26 | — | $1.0B | ||
| Q4 25 | $495.4M | $969.5M | ||
| Q3 25 | $524.4M | $1.0B | ||
| Q2 25 | $537.2M | $998.0M | ||
| Q1 25 | $536.2M | $1.0B | ||
| Q4 24 | $530.9M | $1.0B | ||
| Q3 24 | $547.4M | $986.6M | ||
| Q2 24 | $560.8M | $959.4M |
| Q1 26 | — | — | ||
| Q4 25 | 3.61× | — | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.78× | — | ||
| Q4 24 | 1.98× | — | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 2.06× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.7M | — |
| Free Cash FlowOCF − Capex | $-64.0K | — |
| FCF MarginFCF / Revenue | -0.1% | — |
| Capex IntensityCapex / Revenue | 2.7% | 7.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-8.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.7M | $-21.6M | ||
| Q3 25 | $6.3M | $91.7M | ||
| Q2 25 | $-2.3M | $24.1M | ||
| Q1 25 | $-5.3M | $55.4M | ||
| Q4 24 | $7.5M | $12.8M | ||
| Q3 24 | $11.4M | $86.7M | ||
| Q2 24 | $-5.3M | $8.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-64.0K | $-45.2M | ||
| Q3 25 | $3.3M | $80.1M | ||
| Q2 25 | $-3.8M | $18.4M | ||
| Q1 25 | $-7.5M | $45.5M | ||
| Q4 24 | $3.7M | $-5.6M | ||
| Q3 24 | $8.4M | $82.3M | ||
| Q2 24 | $-8.0M | $2.4M |
| Q1 26 | — | — | ||
| Q4 25 | -0.1% | -34.5% | ||
| Q3 25 | 3.2% | 49.0% | ||
| Q2 25 | -3.5% | 10.9% | ||
| Q1 25 | -7.5% | 31.9% | ||
| Q4 24 | 4.0% | -4.0% | ||
| Q3 24 | 9.1% | 65.7% | ||
| Q2 24 | -7.5% | 1.8% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 2.7% | 18.0% | ||
| Q3 25 | 2.9% | 7.1% | ||
| Q2 25 | 1.3% | 3.4% | ||
| Q1 25 | 2.2% | 6.9% | ||
| Q4 24 | 4.0% | 13.1% | ||
| Q3 24 | 3.2% | 3.6% | ||
| Q2 24 | 2.5% | 4.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.13× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | -4.62× | 2.04× | ||
| Q4 24 | 2.40× | 0.70× | ||
| Q3 24 | — | 22.78× | ||
| Q2 24 | -2.64× | 0.33× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AP
| Forged And Cast Mill Rolls | $67.0M | 64% |
| Air Handling Systems | $14.3M | 14% |
| Heat Exchange Coils | $13.1M | 13% |
| Centrifugal Pumps | $10.3M | 10% |
| Forged Engineered Products | $4.0M | 4% |
UAN
| Fertilizer sales | $166.1M | 92% |
| Other | $14.0M | 8% |
