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Side-by-side financial comparison of CVR ENERGY INC (CVI) and Graham Holdings Co (GHC). Click either name above to swap in a different company.
CVR ENERGY INC is the larger business by last-quarter revenue ($1.8B vs $1.3B, roughly 1.4× Graham Holdings Co). Graham Holdings Co runs the higher net margin — 8.7% vs -6.1%, a 14.8% gap on every dollar of revenue. On growth, Graham Holdings Co posted the faster year-over-year revenue change (0.4% vs -7.0%). Over the past eight quarters, Graham Holdings Co's revenue compounded faster (4.2% 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.
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
CVI vs GHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.8B | $1.3B |
| Net Profit | $-110.0M | $108.7M |
| Gross Margin | -3.1% | — |
| Operating Margin | -5.3% | 3.8% |
| Net Margin | -6.1% | 8.7% |
| Revenue YoY | -7.0% | 0.4% |
| Net Profit YoY | -492.9% | -80.2% |
| EPS (diluted) | $-1.09 | $24.76 |
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 | $1.3B | ||
| Q3 25 | $1.9B | $1.3B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $1.6B | $1.2B | ||
| Q4 24 | $1.9B | $1.2B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $2.0B | $1.2B | ||
| Q1 24 | $1.9B | $1.2B |
| Q4 25 | $-110.0M | $108.7M | ||
| Q3 25 | $374.0M | $122.9M | ||
| Q2 25 | $-114.0M | $36.7M | ||
| Q1 25 | $-123.0M | $23.9M | ||
| Q4 24 | $28.0M | $548.8M | ||
| Q3 24 | $-124.0M | $72.5M | ||
| Q2 24 | $21.0M | $-21.0M | ||
| Q1 24 | $82.0M | $124.4M |
| 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% | — | ||
| Q1 24 | 8.6% | — |
| Q4 25 | -5.3% | 3.8% | ||
| Q3 25 | 26.3% | 5.2% | ||
| Q2 25 | -5.8% | 6.0% | ||
| Q1 25 | -8.0% | 4.1% | ||
| Q4 24 | 1.1% | 5.8% | ||
| Q3 24 | -6.2% | 6.8% | ||
| Q2 24 | 1.4% | 2.2% | ||
| Q1 24 | 6.6% | 3.1% |
| Q4 25 | -6.1% | 8.7% | ||
| Q3 25 | 19.2% | 9.6% | ||
| Q2 25 | -6.5% | 3.0% | ||
| Q1 25 | -7.5% | 2.0% | ||
| Q4 24 | 1.4% | 44.1% | ||
| Q3 24 | -6.8% | 6.0% | ||
| Q2 24 | 1.1% | -1.8% | ||
| Q1 24 | 4.4% | 10.8% |
| Q4 25 | $-1.09 | $24.76 | ||
| Q3 25 | $3.72 | $27.91 | ||
| Q2 25 | $-1.14 | $8.35 | ||
| Q1 25 | $-1.22 | $5.45 | ||
| Q4 24 | $0.28 | $124.05 | ||
| Q3 24 | $-1.24 | $16.42 | ||
| Q2 24 | $0.21 | $-4.79 | ||
| Q1 24 | $0.81 | $27.72 |
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 | $267.0M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $730.0M | $4.8B |
| Total Assets | $3.7B | $8.4B |
| Debt / EquityLower = less leverage | 2.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $511.0M | $267.0M | ||
| Q3 25 | $670.0M | $190.8M | ||
| Q2 25 | $596.0M | $176.2M | ||
| Q1 25 | $695.0M | $156.7M | ||
| Q4 24 | $987.0M | $260.9M | ||
| Q3 24 | $534.0M | $244.4M | ||
| Q2 24 | $586.0M | $140.7M | ||
| Q1 24 | $644.0M | $130.9M |
| 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 | — |
| Q4 25 | $730.0M | $4.8B | ||
| Q3 25 | $840.0M | $4.5B | ||
| Q2 25 | $466.0M | $4.4B | ||
| Q1 25 | $580.0M | $4.3B | ||
| Q4 24 | $703.0M | $4.3B | ||
| Q3 24 | $675.0M | $4.0B | ||
| Q2 24 | $849.0M | $4.0B | ||
| Q1 24 | $879.0M | $4.0B |
| Q4 25 | $3.7B | $8.4B | ||
| Q3 25 | $4.0B | $7.9B | ||
| Q2 25 | $4.0B | $7.6B | ||
| Q1 25 | $4.3B | $7.6B | ||
| Q4 24 | $4.3B | $7.7B | ||
| Q3 24 | $3.9B | $7.4B | ||
| Q2 24 | $4.0B | $7.2B | ||
| Q1 24 | $4.1B | $7.3B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $0 | $28.3M |
| Free Cash FlowOCF − Capex | — | $5.0M |
| FCF MarginFCF / Revenue | — | 0.4% |
| Capex IntensityCapex / Revenue | 3.0% | 1.9% |
| Cash ConversionOCF / Net Profit | — | 0.26× |
| TTM Free Cash FlowTrailing 4 quarters | — | $275.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $0 | $28.3M | ||
| Q3 25 | $163.0M | $178.1M | ||
| Q2 25 | $176.0M | $94.8M | ||
| Q1 25 | $-195.0M | $46.0M | ||
| Q4 24 | $98.0M | $116.3M | ||
| Q3 24 | $48.0M | $237.6M | ||
| Q2 24 | $81.0M | $52.0M | ||
| Q1 24 | $177.0M | $1.1M |
| Q4 25 | — | $5.0M | ||
| Q3 25 | $125.0M | $161.8M | ||
| Q2 25 | $135.0M | $78.0M | ||
| Q1 25 | $-246.0M | $30.5M | ||
| Q4 24 | $43.0M | $91.1M | ||
| Q3 24 | $14.0M | $219.4M | ||
| Q2 24 | $38.0M | $33.7M | ||
| Q1 24 | $130.0M | $-20.2M |
| Q4 25 | — | 0.4% | ||
| Q3 25 | 6.4% | 12.6% | ||
| Q2 25 | 7.7% | 6.4% | ||
| Q1 25 | -14.9% | 2.6% | ||
| Q4 24 | 2.2% | 7.3% | ||
| Q3 24 | 0.8% | 18.2% | ||
| Q2 24 | 1.9% | 2.8% | ||
| Q1 24 | 7.0% | -1.8% |
| Q4 25 | 3.0% | 1.9% | ||
| Q3 25 | 2.0% | 1.3% | ||
| Q2 25 | 2.3% | 1.4% | ||
| Q1 25 | 3.1% | 1.3% | ||
| Q4 24 | 2.8% | 2.0% | ||
| Q3 24 | 1.9% | 1.5% | ||
| Q2 24 | 2.2% | 1.5% | ||
| Q1 24 | 2.5% | 1.8% |
| Q4 25 | — | 0.26× | ||
| Q3 25 | 0.44× | 1.45× | ||
| Q2 25 | — | 2.58× | ||
| Q1 25 | — | 1.93× | ||
| Q4 24 | 3.50× | 0.21× | ||
| Q3 24 | — | 3.28× | ||
| Q2 24 | 3.86× | — | ||
| Q1 24 | 2.16× | 0.01× |
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% |
GHC
| Products | $602.7M | 48% |
| Kaplan International | $251.9M | 20% |
| Manufacturing | $117.8M | 9% |
| Television Broadcasting | $110.5M | 9% |
| Higher Education | $83.8M | 7% |
| Supplemental Education | $74.9M | 6% |
| Related Party | $4.4M | 0% |
