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

CVR ENERGY INC is the larger business by last-quarter revenue ($1.8B vs $1.1B, roughly 1.6× Fabrinet). Fabrinet runs the higher net margin — 9.9% vs -6.1%, a 16.0% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs -7.0%). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% 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.

Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.

CVI vs FN — Head-to-Head

Bigger by revenue
CVI
CVI
1.6× larger
CVI
$1.8B
$1.1B
FN
Growing faster (revenue YoY)
FN
FN
+42.9% gap
FN
35.9%
-7.0%
CVI
Higher net margin
FN
FN
16.0% more per $
FN
9.9%
-6.1%
CVI
Faster 2-yr revenue CAGR
FN
FN
Annualised
FN
24.4%
-1.4%
CVI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
CVI
CVI
FN
FN
Revenue
$1.8B
$1.1B
Net Profit
$-110.0M
$112.6M
Gross Margin
-3.1%
12.2%
Operating Margin
-5.3%
10.1%
Net Margin
-6.1%
9.9%
Revenue YoY
-7.0%
35.9%
Net Profit YoY
-492.9%
30.0%
EPS (diluted)
$-1.09
$3.11

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
FN
FN
Q4 25
$1.8B
$1.1B
Q3 25
$1.9B
$978.1M
Q2 25
$1.8B
$909.7M
Q1 25
$1.6B
$871.8M
Q4 24
$1.9B
$833.6M
Q3 24
$1.8B
$804.2M
Q2 24
$2.0B
$753.3M
Q1 24
$1.9B
$731.5M
Net Profit
CVI
CVI
FN
FN
Q4 25
$-110.0M
$112.6M
Q3 25
$374.0M
$95.9M
Q2 25
$-114.0M
$87.2M
Q1 25
$-123.0M
$81.3M
Q4 24
$28.0M
$86.6M
Q3 24
$-124.0M
$77.4M
Q2 24
$21.0M
$81.1M
Q1 24
$82.0M
$80.9M
Gross Margin
CVI
CVI
FN
FN
Q4 25
-3.1%
12.2%
Q3 25
28.8%
11.9%
Q2 25
-3.7%
12.2%
Q1 25
-5.5%
11.7%
Q4 24
3.0%
12.1%
Q3 24
-3.9%
12.3%
Q2 24
2.9%
12.3%
Q1 24
8.6%
12.4%
Operating Margin
CVI
CVI
FN
FN
Q4 25
-5.3%
10.1%
Q3 25
26.3%
9.6%
Q2 25
-5.8%
9.8%
Q1 25
-8.0%
9.0%
Q4 24
1.1%
9.5%
Q3 24
-6.2%
9.6%
Q2 24
1.4%
9.7%
Q1 24
6.6%
9.7%
Net Margin
CVI
CVI
FN
FN
Q4 25
-6.1%
9.9%
Q3 25
19.2%
9.8%
Q2 25
-6.5%
9.6%
Q1 25
-7.5%
9.3%
Q4 24
1.4%
10.4%
Q3 24
-6.8%
9.6%
Q2 24
1.1%
10.8%
Q1 24
4.4%
11.1%
EPS (diluted)
CVI
CVI
FN
FN
Q4 25
$-1.09
$3.11
Q3 25
$3.72
$2.66
Q2 25
$-1.14
$2.41
Q1 25
$-1.22
$2.25
Q4 24
$0.28
$2.38
Q3 24
$-1.24
$2.13
Q2 24
$0.21
$2.22
Q1 24
$0.81
$2.21

Balance Sheet & Financial Strength

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

Metric
CVI
CVI
FN
FN
Cash + ST InvestmentsLiquidity on hand
$511.0M
$960.8M
Total DebtLower is stronger
$1.8B
Stockholders' EquityBook value
$730.0M
$2.2B
Total Assets
$3.7B
$3.3B
Debt / EquityLower = less leverage
2.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVI
CVI
FN
FN
Q4 25
$511.0M
$960.8M
Q3 25
$670.0M
$968.8M
Q2 25
$596.0M
$934.2M
Q1 25
$695.0M
$950.7M
Q4 24
$987.0M
$934.6M
Q3 24
$534.0M
$908.9M
Q2 24
$586.0M
$858.6M
Q1 24
$644.0M
$794.0M
Total Debt
CVI
CVI
FN
FN
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
Q1 24
$1.6B
Stockholders' Equity
CVI
CVI
FN
FN
Q4 25
$730.0M
$2.2B
Q3 25
$840.0M
$2.1B
Q2 25
$466.0M
$2.0B
Q1 25
$580.0M
$1.9B
Q4 24
$703.0M
$1.8B
Q3 24
$675.0M
$1.8B
Q2 24
$849.0M
$1.7B
Q1 24
$879.0M
$1.7B
Total Assets
CVI
CVI
FN
FN
Q4 25
$3.7B
$3.3B
Q3 25
$4.0B
$3.0B
Q2 25
$4.0B
$2.8B
Q1 25
$4.3B
$2.6B
Q4 24
$4.3B
$2.5B
Q3 24
$3.9B
$2.4B
Q2 24
$4.0B
$2.3B
Q1 24
$4.1B
$2.2B
Debt / Equity
CVI
CVI
FN
FN
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×
Q1 24
1.79×

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
FN
FN
Operating Cash FlowLast quarter
$0
$46.3M
Free Cash FlowOCF − Capex
$-5.3M
FCF MarginFCF / Revenue
-0.5%
Capex IntensityCapex / Revenue
3.0%
4.6%
Cash ConversionOCF / Net Profit
0.41×
TTM Free Cash FlowTrailing 4 quarters
$102.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVI
CVI
FN
FN
Q4 25
$0
$46.3M
Q3 25
$163.0M
$102.6M
Q2 25
$176.0M
$55.1M
Q1 25
$-195.0M
$74.2M
Q4 24
$98.0M
$115.9M
Q3 24
$48.0M
$83.2M
Q2 24
$81.0M
$83.1M
Q1 24
$177.0M
$100.9M
Free Cash Flow
CVI
CVI
FN
FN
Q4 25
$-5.3M
Q3 25
$125.0M
$57.3M
Q2 25
$135.0M
$4.7M
Q1 25
$-246.0M
$45.7M
Q4 24
$43.0M
$94.0M
Q3 24
$14.0M
$62.9M
Q2 24
$38.0M
$70.4M
Q1 24
$130.0M
$87.3M
FCF Margin
CVI
CVI
FN
FN
Q4 25
-0.5%
Q3 25
6.4%
5.9%
Q2 25
7.7%
0.5%
Q1 25
-14.9%
5.2%
Q4 24
2.2%
11.3%
Q3 24
0.8%
7.8%
Q2 24
1.9%
9.3%
Q1 24
7.0%
11.9%
Capex Intensity
CVI
CVI
FN
FN
Q4 25
3.0%
4.6%
Q3 25
2.0%
4.6%
Q2 25
2.3%
5.5%
Q1 25
3.1%
3.3%
Q4 24
2.8%
2.6%
Q3 24
1.9%
2.5%
Q2 24
2.2%
1.7%
Q1 24
2.5%
1.9%
Cash Conversion
CVI
CVI
FN
FN
Q4 25
0.41×
Q3 25
0.44×
1.07×
Q2 25
0.63×
Q1 25
0.91×
Q4 24
3.50×
1.34×
Q3 24
1.07×
Q2 24
3.86×
1.02×
Q1 24
2.16×
1.25×

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%

FN
FN

Optical Communications$832.6M73%
Non Optical Communications$300.3M27%

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