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Side-by-side financial comparison of CVR ENERGY INC (CVI) and EnerSys (ENS). Click either name above to swap in a different company.
CVR ENERGY INC is the larger business by last-quarter revenue ($1.8B vs $919.1M, roughly 2.0× EnerSys). EnerSys runs the higher net margin — 9.8% vs -6.1%, a 15.9% gap on every dollar of revenue. On growth, EnerSys posted the faster year-over-year revenue change (1.4% vs -7.0%). Over the past eight quarters, EnerSys's revenue compounded faster (0.5% CAGR vs -1.4%).
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.
EnerSys is a stored energy systems and technology provider for industrial applications. The company manufactures reserve-power and motive-power batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosures.
CVI vs ENS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.8B | $919.1M |
| Net Profit | $-110.0M | $90.4M |
| Gross Margin | -3.1% | 30.1% |
| Operating Margin | -5.3% | 13.5% |
| Net Margin | -6.1% | 9.8% |
| Revenue YoY | -7.0% | 1.4% |
| Net Profit YoY | -492.9% | -21.3% |
| EPS (diluted) | $-1.09 | $2.40 |
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.
| Q4 25 | $1.8B | $919.1M | ||
| Q3 25 | $1.9B | $951.3M | ||
| Q2 25 | $1.8B | $893.0M | ||
| Q1 25 | $1.6B | $974.8M | ||
| Q4 24 | $1.9B | $906.2M | ||
| Q3 24 | $1.8B | $883.7M | ||
| Q2 24 | $2.0B | $852.9M | ||
| Q1 24 | $1.9B | $910.7M |
| Q4 25 | $-110.0M | $90.4M | ||
| Q3 25 | $374.0M | $68.4M | ||
| Q2 25 | $-114.0M | $57.5M | ||
| Q1 25 | $-123.0M | $96.5M | ||
| Q4 24 | $28.0M | $114.8M | ||
| Q3 24 | $-124.0M | $82.3M | ||
| Q2 24 | $21.0M | $70.1M | ||
| Q1 24 | $82.0M | $60.9M |
| Q4 25 | -3.1% | 30.1% | ||
| Q3 25 | 28.8% | 29.1% | ||
| Q2 25 | -3.7% | 28.4% | ||
| Q1 25 | -5.5% | 31.2% | ||
| Q4 24 | 3.0% | 32.9% | ||
| Q3 24 | -3.9% | 28.5% | ||
| Q2 24 | 2.9% | 27.9% | ||
| Q1 24 | 8.6% | 27.9% |
| Q4 25 | -5.3% | 13.5% | ||
| Q3 25 | 26.3% | 9.7% | ||
| Q2 25 | -5.8% | 9.7% | ||
| Q1 25 | -8.0% | 13.5% | ||
| Q4 24 | 1.1% | 15.7% | ||
| Q3 24 | -6.2% | 11.2% | ||
| Q2 24 | 1.4% | 10.7% | ||
| Q1 24 | 6.6% | 8.9% |
| Q4 25 | -6.1% | 9.8% | ||
| Q3 25 | 19.2% | 7.2% | ||
| Q2 25 | -6.5% | 6.4% | ||
| Q1 25 | -7.5% | 9.9% | ||
| Q4 24 | 1.4% | 12.7% | ||
| Q3 24 | -6.8% | 9.3% | ||
| Q2 24 | 1.1% | 8.2% | ||
| Q1 24 | 4.4% | 6.7% |
| Q4 25 | $-1.09 | $2.40 | ||
| Q3 25 | $3.72 | $1.80 | ||
| Q2 25 | $-1.14 | $1.46 | ||
| Q1 25 | $-1.22 | $2.39 | ||
| Q4 24 | $0.28 | $2.88 | ||
| Q3 24 | $-1.24 | $2.01 | ||
| Q2 24 | $0.21 | $1.71 | ||
| Q1 24 | $0.81 | $1.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $511.0M | $450.1M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $730.0M | $1.9B |
| Total Assets | $3.7B | $4.0B |
| Debt / EquityLower = less leverage | 2.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $511.0M | $450.1M | ||
| Q3 25 | $670.0M | $388.6M | ||
| Q2 25 | $596.0M | $346.7M | ||
| Q1 25 | $695.0M | $343.1M | ||
| Q4 24 | $987.0M | $463.2M | ||
| Q3 24 | $534.0M | $407.9M | ||
| Q2 24 | $586.0M | $344.1M | ||
| Q1 24 | $644.0M | $333.3M |
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.9B | $1.1B | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.6B | $802.0M |
| Q4 25 | $730.0M | $1.9B | ||
| Q3 25 | $840.0M | $1.9B | ||
| Q2 25 | $466.0M | $1.9B | ||
| Q1 25 | $580.0M | $1.9B | ||
| Q4 24 | $703.0M | $1.8B | ||
| Q3 24 | $675.0M | $1.8B | ||
| Q2 24 | $849.0M | $1.8B | ||
| Q1 24 | $879.0M | $1.8B |
| Q4 25 | $3.7B | $4.0B | ||
| Q3 25 | $4.0B | $4.1B | ||
| Q2 25 | $4.0B | $4.1B | ||
| Q1 25 | $4.3B | $4.0B | ||
| Q4 24 | $4.3B | $4.0B | ||
| Q3 24 | $3.9B | $4.0B | ||
| Q2 24 | $4.0B | $3.6B | ||
| Q1 24 | $4.1B | $3.5B |
| Q4 25 | 2.40× | — | ||
| Q3 25 | 2.17× | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.29× | 0.57× | ||
| Q4 24 | 2.71× | — | ||
| Q3 24 | 2.33× | — | ||
| Q2 24 | 1.86× | — | ||
| Q1 24 | 1.79× | 0.46× |
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 | $0 | $184.6M |
| Free Cash FlowOCF − Capex | — | $171.3M |
| FCF MarginFCF / Revenue | — | 18.6% |
| Capex IntensityCapex / Revenue | 3.0% | 1.4% |
| Cash ConversionOCF / Net Profit | — | 2.04× |
| TTM Free Cash FlowTrailing 4 quarters | — | $441.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $0 | $184.6M | ||
| Q3 25 | $163.0M | $218.0M | ||
| Q2 25 | $176.0M | $968.0K | ||
| Q1 25 | $-195.0M | $135.2M | ||
| Q4 24 | $98.0M | $81.1M | ||
| Q3 24 | $48.0M | $33.6M | ||
| Q2 24 | $81.0M | $10.4M | ||
| Q1 24 | $177.0M | — |
| Q4 25 | — | $171.3M | ||
| Q3 25 | $125.0M | $197.1M | ||
| Q2 25 | $135.0M | $-32.1M | ||
| Q1 25 | $-246.0M | $104.9M | ||
| Q4 24 | $43.0M | $56.8M | ||
| Q3 24 | $14.0M | $3.3M | ||
| Q2 24 | $38.0M | $-25.7M | ||
| Q1 24 | $130.0M | — |
| Q4 25 | — | 18.6% | ||
| Q3 25 | 6.4% | 20.7% | ||
| Q2 25 | 7.7% | -3.6% | ||
| Q1 25 | -14.9% | 10.8% | ||
| Q4 24 | 2.2% | 6.3% | ||
| Q3 24 | 0.8% | 0.4% | ||
| Q2 24 | 1.9% | -3.0% | ||
| Q1 24 | 7.0% | — |
| Q4 25 | 3.0% | 1.4% | ||
| Q3 25 | 2.0% | 2.2% | ||
| Q2 25 | 2.3% | 3.7% | ||
| Q1 25 | 3.1% | 3.1% | ||
| Q4 24 | 2.8% | 2.7% | ||
| Q3 24 | 1.9% | 3.4% | ||
| Q2 24 | 2.2% | 4.2% | ||
| Q1 24 | 2.5% | — |
| Q4 25 | — | 2.04× | ||
| Q3 25 | 0.44× | 3.19× | ||
| Q2 25 | — | 0.02× | ||
| Q1 25 | — | 1.40× | ||
| Q4 24 | 3.50× | 0.71× | ||
| Q3 24 | — | 0.41× | ||
| Q2 24 | 3.86× | 0.15× | ||
| Q1 24 | 2.16× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVI
| Petroleum Segment | $1.6B | 91% |
| Product UAN | $64.0M | 4% |
| Product Ammonia | $51.0M | 3% |
| Renewables Diesel | $27.0M | 1% |
| Product Urea Products | $8.0M | 0% |
| Renewable Fuel Credits | $7.0M | 0% |
ENS
| Energy Systems | $399.5M | 43% |
| Motive Power | $352.0M | 38% |
| Services | $92.6M | 10% |
| Transferred Over Time | $38.2M | 4% |
| Other | $36.8M | 4% |
