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

Eversource Energy is the larger business by last-quarter revenue ($3.4B vs $2.0B, roughly 1.7× CVR ENERGY INC). Eversource Energy runs the higher net margin — 12.6% vs -8.1%, a 20.6% gap on every dollar of revenue. On growth, CVR ENERGY INC posted the faster year-over-year revenue change (20.3% vs 13.4%). CVR ENERGY INC produced more free cash flow last quarter ($21.0M vs $-67.3M). Over the past eight quarters, Eversource Energy's revenue compounded faster (0.6% CAGR vs 0.3%).

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.

Eversource Energy is a publicly traded, Fortune 500 energy company headquartered in Springfield, Massachusetts with additional corporate offices in Hartford, Connecticut, and Boston, Massachusetts, with several regulated subsidiaries offering retail electricity, natural gas service and water service to approximately 4 million customers in Connecticut, Massachusetts, and New Hampshire.

CVI vs ES — Head-to-Head

Bigger by revenue
ES
ES
1.7× larger
ES
$3.4B
$2.0B
CVI
Growing faster (revenue YoY)
CVI
CVI
+6.9% gap
CVI
20.3%
13.4%
ES
Higher net margin
ES
ES
20.6% more per $
ES
12.6%
-8.1%
CVI
More free cash flow
CVI
CVI
$88.3M more FCF
CVI
$21.0M
$-67.3M
ES
Faster 2-yr revenue CAGR
ES
ES
Annualised
ES
0.6%
0.3%
CVI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CVI
CVI
ES
ES
Revenue
$2.0B
$3.4B
Net Profit
$-160.0M
$423.2M
Gross Margin
-5.2%
Operating Margin
21.1%
Net Margin
-8.1%
12.6%
Revenue YoY
20.3%
13.4%
Net Profit YoY
-56.1%
468.8%
EPS (diluted)
$-1.91
$1.11

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
ES
ES
Q1 26
$2.0B
Q4 25
$1.8B
$3.4B
Q3 25
$1.9B
$3.2B
Q2 25
$1.8B
$2.8B
Q1 25
$1.6B
$4.1B
Q4 24
$1.9B
$3.0B
Q3 24
$1.8B
$3.1B
Q2 24
$2.0B
$2.5B
Net Profit
CVI
CVI
ES
ES
Q1 26
$-160.0M
Q4 25
$-110.0M
$423.2M
Q3 25
$374.0M
$369.4M
Q2 25
$-114.0M
$354.6M
Q1 25
$-123.0M
$552.7M
Q4 24
$28.0M
$74.4M
Q3 24
$-124.0M
$-116.2M
Q2 24
$21.0M
$337.2M
Gross Margin
CVI
CVI
ES
ES
Q1 26
-5.2%
Q4 25
-3.1%
Q3 25
28.8%
Q2 25
-3.7%
Q1 25
-5.5%
Q4 24
3.0%
Q3 24
-3.9%
Q2 24
2.9%
Operating Margin
CVI
CVI
ES
ES
Q1 26
Q4 25
-5.3%
21.1%
Q3 25
26.3%
21.4%
Q2 25
-5.8%
23.4%
Q1 25
-8.0%
22.5%
Q4 24
1.1%
11.7%
Q3 24
-6.2%
20.0%
Q2 24
1.4%
23.8%
Net Margin
CVI
CVI
ES
ES
Q1 26
-8.1%
Q4 25
-6.1%
12.6%
Q3 25
19.2%
11.5%
Q2 25
-6.5%
12.5%
Q1 25
-7.5%
13.4%
Q4 24
1.4%
2.5%
Q3 24
-6.8%
-3.8%
Q2 24
1.1%
13.3%
EPS (diluted)
CVI
CVI
ES
ES
Q1 26
$-1.91
Q4 25
$-1.09
$1.11
Q3 25
$3.72
$0.99
Q2 25
$-1.14
$0.96
Q1 25
$-1.22
$1.50
Q4 24
$0.28
$0.16
Q3 24
$-1.24
$-0.33
Q2 24
$0.21
$0.95

Balance Sheet & Financial Strength

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

Metric
CVI
CVI
ES
ES
Cash + ST InvestmentsLiquidity on hand
$512.0M
$135.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$16.2B
Total Assets
$3.9B
$63.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVI
CVI
ES
ES
Q1 26
$512.0M
Q4 25
$511.0M
$135.4M
Q3 25
$670.0M
$259.3M
Q2 25
$596.0M
$343.7M
Q1 25
$695.0M
$111.4M
Q4 24
$987.0M
$26.7M
Q3 24
$534.0M
$97.9M
Q2 24
$586.0M
Total Debt
CVI
CVI
ES
ES
Q1 26
Q4 25
$1.8B
Q3 25
$1.8B
Q2 25
$1.8B
Q1 25
$1.9B
Q4 24
$1.9B
Q3 24
$1.6B
Q2 24
$1.6B
Stockholders' Equity
CVI
CVI
ES
ES
Q1 26
Q4 25
$730.0M
$16.2B
Q3 25
$840.0M
$16.0B
Q2 25
$466.0M
$15.7B
Q1 25
$580.0M
$15.3B
Q4 24
$703.0M
$15.0B
Q3 24
$675.0M
$15.0B
Q2 24
$849.0M
$14.8B
Total Assets
CVI
CVI
ES
ES
Q1 26
$3.9B
Q4 25
$3.7B
$63.8B
Q3 25
$4.0B
$61.7B
Q2 25
$4.0B
$61.0B
Q1 25
$4.3B
$60.2B
Q4 24
$4.3B
$59.6B
Q3 24
$3.9B
$58.6B
Q2 24
$4.0B
$58.4B
Debt / Equity
CVI
CVI
ES
ES
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
CVI
CVI
ES
ES
Operating Cash FlowLast quarter
$916.1M
Free Cash FlowOCF − Capex
$21.0M
$-67.3M
FCF MarginFCF / Revenue
1.1%
-2.0%
Capex IntensityCapex / Revenue
1.5%
29.2%
Cash ConversionOCF / Net Profit
2.16×
TTM Free Cash FlowTrailing 4 quarters
$-45.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVI
CVI
ES
ES
Q1 26
Q4 25
$0
$916.1M
Q3 25
$163.0M
$1.1B
Q2 25
$176.0M
$1.1B
Q1 25
$-195.0M
$1.0B
Q4 24
$98.0M
$642.1M
Q3 24
$48.0M
$555.6M
Q2 24
$81.0M
$670.7M
Free Cash Flow
CVI
CVI
ES
ES
Q1 26
$21.0M
Q4 25
$-67.3M
Q3 25
$125.0M
$-26.3M
Q2 25
$135.0M
$15.3M
Q1 25
$-246.0M
$33.2M
Q4 24
$43.0M
$-546.5M
Q3 24
$14.0M
$-515.4M
Q2 24
$38.0M
$-400.8M
FCF Margin
CVI
CVI
ES
ES
Q1 26
1.1%
Q4 25
-2.0%
Q3 25
6.4%
-0.8%
Q2 25
7.7%
0.5%
Q1 25
-14.9%
0.8%
Q4 24
2.2%
-18.4%
Q3 24
0.8%
-16.8%
Q2 24
1.9%
-15.8%
Capex Intensity
CVI
CVI
ES
ES
Q1 26
1.5%
Q4 25
3.0%
29.2%
Q3 25
2.0%
35.0%
Q2 25
2.3%
36.7%
Q1 25
3.1%
24.5%
Q4 24
2.8%
40.0%
Q3 24
1.9%
35.0%
Q2 24
2.2%
42.3%
Cash Conversion
CVI
CVI
ES
ES
Q1 26
Q4 25
2.16×
Q3 25
0.44×
2.98×
Q2 25
2.98×
Q1 25
1.88×
Q4 24
3.50×
8.63×
Q3 24
Q2 24
3.86×
1.99×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CVI
CVI

Segment breakdown not available.

ES
ES

Residential$1.2B35%
Commercial$789.0M23%
Eversource Electric Transmission$573.8M17%
Wholesale Transmission Revenue$570.0M17%
Industrial$102.6M3%
Water Distribution Segment$58.4M2%
Eversource Water$56.3M2%
Other Revenue Adjustmentsfrom Contractswith Customers$25.9M1%

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