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Side-by-side financial comparison of Bath & Body Works, Inc. (BBWI) and CVR ENERGY INC (CVI). Click either name above to swap in a different company.
CVR ENERGY INC is the larger business by last-quarter revenue ($2.0B vs $1.6B, roughly 1.2× Bath & Body Works, Inc.). Bath & Body Works, Inc. runs the higher net margin — 4.8% vs -8.1%, a 12.9% gap on every dollar of revenue. On growth, CVR ENERGY INC posted the faster year-over-year revenue change (20.3% vs -1.0%). CVR ENERGY INC produced more free cash flow last quarter ($21.0M vs $-1.0M). Over the past eight quarters, CVR ENERGY INC's revenue compounded faster (0.3% CAGR vs -26.0%).
Bath & Body Works, Inc. is an American specialty retail company based in Columbus, Ohio. It owns Bath & Body Works, posted $7.4 billion in revenue in 2023, and was listed as 481 on the 2024 Fortune 500 list of largest United States companies by revenue.
CVR Energy Inc is a United States-based energy holding company operating two core segments: petroleum refining and nitrogen fertilizer manufacturing. It produces a wide range of products including gasoline, diesel, jet fuel, and agricultural fertilizers, primarily serving commercial, industrial and agricultural customers across North America.
BBWI vs CVI — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $2.0B |
| Net Profit | $77.0M | $-160.0M |
| Gross Margin | 41.3% | -5.2% |
| Operating Margin | 10.1% | — |
| Net Margin | 4.8% | -8.1% |
| Revenue YoY | -1.0% | 20.3% |
| Net Profit YoY | -27.4% | -56.1% |
| EPS (diluted) | $0.37 | $-1.91 |
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 | — | $2.0B | ||
| Q4 25 | $1.6B | $1.8B | ||
| Q3 25 | $1.5B | $1.9B | ||
| Q2 25 | $1.4B | $1.8B | ||
| Q1 25 | $2.8B | $1.6B | ||
| Q4 24 | $1.6B | $1.9B | ||
| Q3 24 | $1.5B | $1.8B | ||
| Q2 24 | $1.4B | $2.0B |
| Q1 26 | — | $-160.0M | ||
| Q4 25 | $77.0M | $-110.0M | ||
| Q3 25 | $64.0M | $374.0M | ||
| Q2 25 | $105.0M | $-114.0M | ||
| Q1 25 | $453.0M | $-123.0M | ||
| Q4 24 | $106.0M | $28.0M | ||
| Q3 24 | $152.0M | $-124.0M | ||
| Q2 24 | $87.0M | $21.0M |
| Q1 26 | — | -5.2% | ||
| Q4 25 | 41.3% | -3.1% | ||
| Q3 25 | 41.3% | 28.8% | ||
| Q2 25 | 45.4% | -3.7% | ||
| Q1 25 | 46.7% | -5.5% | ||
| Q4 24 | 43.5% | 3.0% | ||
| Q3 24 | 41.0% | -3.9% | ||
| Q2 24 | 43.8% | 2.9% |
| Q1 26 | — | — | ||
| Q4 25 | 10.1% | -5.3% | ||
| Q3 25 | 10.1% | 26.3% | ||
| Q2 25 | 14.7% | -5.8% | ||
| Q1 25 | 24.3% | -8.0% | ||
| Q4 24 | 13.5% | 1.1% | ||
| Q3 24 | 12.0% | -6.2% | ||
| Q2 24 | 13.5% | 1.4% |
| Q1 26 | — | -8.1% | ||
| Q4 25 | 4.8% | -6.1% | ||
| Q3 25 | 4.1% | 19.2% | ||
| Q2 25 | 7.4% | -6.5% | ||
| Q1 25 | 16.3% | -7.5% | ||
| Q4 24 | 6.6% | 1.4% | ||
| Q3 24 | 10.0% | -6.8% | ||
| Q2 24 | 6.3% | 1.1% |
| Q1 26 | — | $-1.91 | ||
| Q4 25 | $0.37 | $-1.09 | ||
| Q3 25 | $0.30 | $3.72 | ||
| Q2 25 | $0.49 | $-1.14 | ||
| Q1 25 | $2.06 | $-1.22 | ||
| Q4 24 | $0.49 | $0.28 | ||
| Q3 24 | $0.68 | $-1.24 | ||
| Q2 24 | $0.38 | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $236.0M | $512.0M |
| Total DebtLower is stronger | $3.9B | — |
| Stockholders' EquityBook value | $-1.6B | — |
| Total Assets | $5.0B | $3.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $512.0M | ||
| Q4 25 | $236.0M | $511.0M | ||
| Q3 25 | $364.0M | $670.0M | ||
| Q2 25 | $636.0M | $596.0M | ||
| Q1 25 | $674.0M | $695.0M | ||
| Q4 24 | $191.0M | $987.0M | ||
| Q3 24 | $514.0M | $534.0M | ||
| Q2 24 | $855.0M | $586.0M |
| Q1 26 | — | — | ||
| Q4 25 | $3.9B | $1.8B | ||
| Q3 25 | $3.9B | $1.8B | ||
| Q2 25 | $3.9B | $1.8B | ||
| Q1 25 | $3.9B | $1.9B | ||
| Q4 24 | $4.2B | $1.9B | ||
| Q3 24 | $4.2B | $1.6B | ||
| Q2 24 | $4.3B | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $-1.6B | $730.0M | ||
| Q3 25 | $-1.5B | $840.0M | ||
| Q2 25 | $-1.5B | $466.0M | ||
| Q1 25 | $-1.4B | $580.0M | ||
| Q4 24 | $-1.7B | $703.0M | ||
| Q3 24 | $-1.7B | $675.0M | ||
| Q2 24 | $-1.7B | $849.0M |
| Q1 26 | — | $3.9B | ||
| Q4 25 | $5.0B | $3.7B | ||
| Q3 25 | $4.8B | $4.0B | ||
| Q2 25 | $4.9B | $4.0B | ||
| Q1 25 | $4.9B | $4.3B | ||
| Q4 24 | $5.0B | $4.3B | ||
| Q3 24 | $4.9B | $3.9B | ||
| Q2 24 | $5.2B | $4.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.40× | ||
| Q3 25 | — | 2.17× | ||
| Q2 25 | — | 3.97× | ||
| Q1 25 | — | 3.29× | ||
| Q4 24 | — | 2.71× | ||
| Q3 24 | — | 2.33× | ||
| Q2 24 | — | 1.86× |
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 | $80.0M | — |
| Free Cash FlowOCF − Capex | $-1.0M | $21.0M |
| FCF MarginFCF / Revenue | -0.1% | 1.1% |
| Capex IntensityCapex / Revenue | 5.1% | 1.5% |
| Cash ConversionOCF / Net Profit | 1.04× | — |
| TTM Free Cash FlowTrailing 4 quarters | $946.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $80.0M | $0 | ||
| Q3 25 | $-43.0M | $163.0M | ||
| Q2 25 | $188.0M | $176.0M | ||
| Q1 25 | $955.0M | $-195.0M | ||
| Q4 24 | $-99.0M | $98.0M | ||
| Q3 24 | $-46.0M | $48.0M | ||
| Q2 24 | $76.0M | $81.0M |
| Q1 26 | — | $21.0M | ||
| Q4 25 | $-1.0M | — | ||
| Q3 25 | $-99.0M | $125.0M | ||
| Q2 25 | $151.0M | $135.0M | ||
| Q1 25 | $895.0M | $-246.0M | ||
| Q4 24 | $-164.0M | $43.0M | ||
| Q3 24 | $-101.0M | $14.0M | ||
| Q2 24 | $30.0M | $38.0M |
| Q1 26 | — | 1.1% | ||
| Q4 25 | -0.1% | — | ||
| Q3 25 | -6.4% | 6.4% | ||
| Q2 25 | 10.6% | 7.7% | ||
| Q1 25 | 32.1% | -14.9% | ||
| Q4 24 | -10.2% | 2.2% | ||
| Q3 24 | -6.6% | 0.8% | ||
| Q2 24 | 2.2% | 1.9% |
| Q1 26 | — | 1.5% | ||
| Q4 25 | 5.1% | 3.0% | ||
| Q3 25 | 3.6% | 2.0% | ||
| Q2 25 | 2.6% | 2.3% | ||
| Q1 25 | 2.2% | 3.1% | ||
| Q4 24 | 4.0% | 2.8% | ||
| Q3 24 | 3.6% | 1.9% | ||
| Q2 24 | 3.3% | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.04× | — | ||
| Q3 25 | -0.67× | 0.44× | ||
| Q2 25 | 1.79× | — | ||
| Q1 25 | 2.11× | — | ||
| Q4 24 | -0.93× | 3.50× | ||
| Q3 24 | -0.30× | — | ||
| Q2 24 | 0.87× | 3.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BBWI
| Bath Body Works Stores | $1.2B | 77% |
| Bath Body Works Direct | $299.0M | 19% |
| Bath Body Works International | $73.0M | 5% |
CVI
Segment breakdown not available.
