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Side-by-side financial comparison of CVR ENERGY INC (CVI) and Dover Corporation (DOV). Click either name above to swap in a different company.

Dover Corporation is the larger business by last-quarter revenue ($2.1B vs $1.8B, roughly 1.2× CVR ENERGY INC). Dover Corporation runs the higher net margin — 13.4% vs -6.1%, a 19.5% gap on every dollar of revenue. On growth, Dover Corporation posted the faster year-over-year revenue change (12.5% vs -7.0%). Over the past eight quarters, CVR ENERGY INC's revenue compounded faster (-1.4% CAGR vs -1.8%).

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.

Dover Corporation is an American conglomerate manufacturer of industrial products. The Downers Grove, Illinois-based company was founded in 1955. As of 2021, Dover's business was divided into five segments: Engineered Products, Clean Energy and Fueling, Imaging & Identification, Pumps & Process Solutions and Climate and Sustainability Technologies. Dover is a constituent of the S&P 500 index and trades on the New York Stock Exchange under the symbol DOV. Dover was ranked 448 in the 2024 Fortu...

CVI vs DOV — Head-to-Head

Bigger by revenue
DOV
DOV
1.2× larger
DOV
$2.1B
$1.8B
CVI
Growing faster (revenue YoY)
DOV
DOV
+19.5% gap
DOV
12.5%
-7.0%
CVI
Higher net margin
DOV
DOV
19.5% more per $
DOV
13.4%
-6.1%
CVI
Faster 2-yr revenue CAGR
CVI
CVI
Annualised
CVI
-1.4%
-1.8%
DOV

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CVI
CVI
DOV
DOV
Revenue
$1.8B
$2.1B
Net Profit
$-110.0M
$282.1M
Gross Margin
-3.1%
39.1%
Operating Margin
-5.3%
16.5%
Net Margin
-6.1%
13.4%
Revenue YoY
-7.0%
12.5%
Net Profit YoY
-492.9%
22.2%
EPS (diluted)
$-1.09
$2.06

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.

Revenue
CVI
CVI
DOV
DOV
Q1 26
$2.1B
Q4 25
$1.8B
$2.1B
Q3 25
$1.9B
$2.1B
Q2 25
$1.8B
$2.0B
Q1 25
$1.6B
$1.9B
Q4 24
$1.9B
$1.5B
Q3 24
$1.8B
$2.0B
Q2 24
$2.0B
$2.2B
Net Profit
CVI
CVI
DOV
DOV
Q1 26
$282.1M
Q4 25
$-110.0M
$282.1M
Q3 25
$374.0M
$302.0M
Q2 25
$-114.0M
$279.1M
Q1 25
$-123.0M
$230.8M
Q4 24
$28.0M
$1.4B
Q3 24
$-124.0M
$347.1M
Q2 24
$21.0M
$281.8M
Gross Margin
CVI
CVI
DOV
DOV
Q1 26
39.1%
Q4 25
-3.1%
39.1%
Q3 25
28.8%
40.1%
Q2 25
-3.7%
39.9%
Q1 25
-5.5%
40.0%
Q4 24
3.0%
41.4%
Q3 24
-3.9%
38.5%
Q2 24
2.9%
37.7%
Operating Margin
CVI
CVI
DOV
DOV
Q1 26
16.5%
Q4 25
-5.3%
16.5%
Q3 25
26.3%
18.2%
Q2 25
-5.8%
17.3%
Q1 25
-8.0%
15.9%
Q4 24
1.1%
14.0%
Q3 24
-6.2%
16.8%
Q2 24
1.4%
17.0%
Net Margin
CVI
CVI
DOV
DOV
Q1 26
13.4%
Q4 25
-6.1%
13.4%
Q3 25
19.2%
14.5%
Q2 25
-6.5%
13.6%
Q1 25
-7.5%
12.4%
Q4 24
1.4%
96.4%
Q3 24
-6.8%
17.5%
Q2 24
1.1%
12.9%
EPS (diluted)
CVI
CVI
DOV
DOV
Q1 26
$2.06
Q4 25
$-1.09
$2.06
Q3 25
$3.72
$2.19
Q2 25
$-1.14
$2.02
Q1 25
$-1.22
$1.67
Q4 24
$0.28
$10.38
Q3 24
$-1.24
$2.51
Q2 24
$0.21
$2.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CVI
CVI
DOV
DOV
Cash + ST InvestmentsLiquidity on hand
$511.0M
Total DebtLower is stronger
$1.8B
$3.3B
Stockholders' EquityBook value
$730.0M
$7.4B
Total Assets
$3.7B
$13.4B
Debt / EquityLower = less leverage
2.40×
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVI
CVI
DOV
DOV
Q1 26
Q4 25
$511.0M
Q3 25
$670.0M
Q2 25
$596.0M
Q1 25
$695.0M
Q4 24
$987.0M
Q3 24
$534.0M
Q2 24
$586.0M
Total Debt
CVI
CVI
DOV
DOV
Q1 26
$3.3B
Q4 25
$1.8B
$3.3B
Q3 25
$1.8B
$3.1B
Q2 25
$1.8B
$3.1B
Q1 25
$1.9B
$3.0B
Q4 24
$1.9B
$2.9B
Q3 24
$1.6B
$3.0B
Q2 24
$1.6B
$3.0B
Stockholders' Equity
CVI
CVI
DOV
DOV
Q1 26
$7.4B
Q4 25
$730.0M
$7.4B
Q3 25
$840.0M
$7.7B
Q2 25
$466.0M
$7.4B
Q1 25
$580.0M
$7.1B
Q4 24
$703.0M
$7.0B
Q3 24
$675.0M
$5.7B
Q2 24
$849.0M
$5.4B
Total Assets
CVI
CVI
DOV
DOV
Q1 26
$13.4B
Q4 25
$3.7B
$13.4B
Q3 25
$4.0B
$13.4B
Q2 25
$4.0B
$13.2B
Q1 25
$4.3B
$12.6B
Q4 24
$4.3B
$12.5B
Q3 24
$3.9B
$11.9B
Q2 24
$4.0B
$11.3B
Debt / Equity
CVI
CVI
DOV
DOV
Q1 26
0.45×
Q4 25
2.40×
0.45×
Q3 25
2.17×
0.40×
Q2 25
3.97×
0.41×
Q1 25
3.29×
0.42×
Q4 24
2.71×
0.42×
Q3 24
2.33×
0.53×
Q2 24
1.86×
0.55×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CVI
CVI
DOV
DOV
Operating Cash FlowLast quarter
$0
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVI
CVI
DOV
DOV
Q1 26
Q4 25
$0
$543.9M
Q3 25
$163.0M
$424.2M
Q2 25
$176.0M
$212.3M
Q1 25
$-195.0M
$157.5M
Q4 24
$98.0M
$439.0M
Q3 24
$48.0M
$353.2M
Q2 24
$81.0M
$203.7M
Free Cash Flow
CVI
CVI
DOV
DOV
Q1 26
Q4 25
$487.0M
Q3 25
$125.0M
$370.1M
Q2 25
$135.0M
$151.4M
Q1 25
$-246.0M
$109.3M
Q4 24
$43.0M
$385.0M
Q3 24
$14.0M
$325.0M
Q2 24
$38.0M
$162.8M
FCF Margin
CVI
CVI
DOV
DOV
Q1 26
Q4 25
23.2%
Q3 25
6.4%
17.8%
Q2 25
7.7%
7.4%
Q1 25
-14.9%
5.9%
Q4 24
2.2%
25.8%
Q3 24
0.8%
16.4%
Q2 24
1.9%
7.5%
Capex Intensity
CVI
CVI
DOV
DOV
Q1 26
Q4 25
3.0%
2.7%
Q3 25
2.0%
2.6%
Q2 25
2.3%
3.0%
Q1 25
3.1%
2.6%
Q4 24
2.8%
3.6%
Q3 24
1.9%
1.4%
Q2 24
2.2%
1.9%
Cash Conversion
CVI
CVI
DOV
DOV
Q1 26
Q4 25
1.93×
Q3 25
0.44×
1.40×
Q2 25
0.76×
Q1 25
0.68×
Q4 24
3.50×
0.31×
Q3 24
1.02×
Q2 24
3.86×
0.72×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CVI
CVI

Petroleum Segment$1.6B91%
Product UAN$64.0M4%
Product Ammonia$51.0M3%
Renewables Diesel$27.0M1%
Product Urea Products$8.0M0%
Renewable Fuel Credits$7.0M0%

DOV
DOV

Segment breakdown not available.

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