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

Iron Mountain is the larger business by last-quarter revenue ($1.8B vs $1.8B, roughly 1.0× CVR ENERGY INC). Iron Mountain runs the higher net margin — 5.1% vs -6.1%, a 11.1% gap on every dollar of revenue. On growth, Iron Mountain posted the faster year-over-year revenue change (16.6% vs -7.0%). Over the past eight quarters, Iron Mountain's revenue compounded faster (11.7% 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.

Iron Mountain Inc. is an American enterprise information management services company founded in 1951 and headquartered in Portsmouth, New Hampshire. Its records management, information destruction, and data backup and recovery services are supplied to more than 220,000 customers in 58 countries throughout North America, Europe, Latin America, Africa, Asia, and Oceania.

CVI vs IRM — Head-to-Head

Bigger by revenue
IRM
IRM
1.0× larger
IRM
$1.8B
$1.8B
CVI
Growing faster (revenue YoY)
IRM
IRM
+23.5% gap
IRM
16.6%
-7.0%
CVI
Higher net margin
IRM
IRM
11.1% more per $
IRM
5.1%
-6.1%
CVI
Faster 2-yr revenue CAGR
IRM
IRM
Annualised
IRM
11.7%
-1.4%
CVI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CVI
CVI
IRM
IRM
Revenue
$1.8B
$1.8B
Net Profit
$-110.0M
$93.1M
Gross Margin
-3.1%
Operating Margin
-5.3%
18.5%
Net Margin
-6.1%
5.1%
Revenue YoY
-7.0%
16.6%
Net Profit YoY
-492.9%
-11.9%
EPS (diluted)
$-1.09
$0.31

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
IRM
IRM
Q4 25
$1.8B
$1.8B
Q3 25
$1.9B
$1.8B
Q2 25
$1.8B
$1.7B
Q1 25
$1.6B
$1.6B
Q4 24
$1.9B
$1.6B
Q3 24
$1.8B
$1.6B
Q2 24
$2.0B
$1.5B
Q1 24
$1.9B
$1.5B
Net Profit
CVI
CVI
IRM
IRM
Q4 25
$-110.0M
$93.1M
Q3 25
$374.0M
$86.2M
Q2 25
$-114.0M
$-43.3M
Q1 25
$-123.0M
$16.2M
Q4 24
$28.0M
$105.7M
Q3 24
$-124.0M
$-33.7M
Q2 24
$21.0M
$34.6M
Q1 24
$82.0M
$77.0M
Gross Margin
CVI
CVI
IRM
IRM
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%
Operating Margin
CVI
CVI
IRM
IRM
Q4 25
-5.3%
18.5%
Q3 25
26.3%
17.6%
Q2 25
-5.8%
15.2%
Q1 25
-8.0%
16.0%
Q4 24
1.1%
17.9%
Q3 24
-6.2%
16.1%
Q2 24
1.4%
15.0%
Q1 24
6.6%
16.6%
Net Margin
CVI
CVI
IRM
IRM
Q4 25
-6.1%
5.1%
Q3 25
19.2%
4.9%
Q2 25
-6.5%
-2.5%
Q1 25
-7.5%
1.0%
Q4 24
1.4%
6.7%
Q3 24
-6.8%
-2.2%
Q2 24
1.1%
2.3%
Q1 24
4.4%
5.2%
EPS (diluted)
CVI
CVI
IRM
IRM
Q4 25
$-1.09
$0.31
Q3 25
$3.72
$0.28
Q2 25
$-1.14
$-0.15
Q1 25
$-1.22
$0.05
Q4 24
$0.28
$0.35
Q3 24
$-1.24
$-0.11
Q2 24
$0.21
$0.12
Q1 24
$0.81
$0.25

Balance Sheet & Financial Strength

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

Metric
CVI
CVI
IRM
IRM
Cash + ST InvestmentsLiquidity on hand
$511.0M
$158.5M
Total DebtLower is stronger
$1.8B
$16.2B
Stockholders' EquityBook value
$730.0M
$-981.0M
Total Assets
$3.7B
$21.1B
Debt / EquityLower = less leverage
2.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVI
CVI
IRM
IRM
Q4 25
$511.0M
$158.5M
Q3 25
$670.0M
Q2 25
$596.0M
Q1 25
$695.0M
Q4 24
$987.0M
$155.7M
Q3 24
$534.0M
Q2 24
$586.0M
Q1 24
$644.0M
Total Debt
CVI
CVI
IRM
IRM
Q4 25
$1.8B
$16.2B
Q3 25
$1.8B
$15.5B
Q2 25
$1.8B
$14.8B
Q1 25
$1.9B
$14.2B
Q4 24
$1.9B
$13.0B
Q3 24
$1.6B
$13.2B
Q2 24
$1.6B
$12.8B
Q1 24
$1.6B
$12.6B
Stockholders' Equity
CVI
CVI
IRM
IRM
Q4 25
$730.0M
$-981.0M
Q3 25
$840.0M
$-882.0M
Q2 25
$466.0M
$-767.4M
Q1 25
$580.0M
$-698.5M
Q4 24
$703.0M
$-503.1M
Q3 24
$675.0M
$-259.0M
Q2 24
$849.0M
$-132.9M
Q1 24
$879.0M
$18.5M
Total Assets
CVI
CVI
IRM
IRM
Q4 25
$3.7B
$21.1B
Q3 25
$4.0B
$20.6B
Q2 25
$4.0B
$20.2B
Q1 25
$4.3B
$19.4B
Q4 24
$4.3B
$18.7B
Q3 24
$3.9B
$18.5B
Q2 24
$4.0B
$18.0B
Q1 24
$4.1B
$17.8B
Debt / Equity
CVI
CVI
IRM
IRM
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×
679.18×

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
IRM
IRM
Operating Cash FlowLast quarter
$0
$500.0M
Free Cash FlowOCF − Capex
$-16.2M
FCF MarginFCF / Revenue
-0.9%
Capex IntensityCapex / Revenue
3.0%
28.0%
Cash ConversionOCF / Net Profit
5.37×
TTM Free Cash FlowTrailing 4 quarters
$-931.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVI
CVI
IRM
IRM
Q4 25
$0
$500.0M
Q3 25
$163.0M
$267.6M
Q2 25
$176.0M
$375.1M
Q1 25
$-195.0M
$197.3M
Q4 24
$98.0M
$431.6M
Q3 24
$48.0M
$252.9M
Q2 24
$81.0M
$382.2M
Q1 24
$177.0M
$130.0M
Free Cash Flow
CVI
CVI
IRM
IRM
Q4 25
$-16.2M
Q3 25
$125.0M
$-256.3M
Q2 25
$135.0M
$-181.6M
Q1 25
$-246.0M
$-477.5M
Q4 24
$43.0M
$-186.0M
Q3 24
$14.0M
$-143.2M
Q2 24
$38.0M
$-14.6M
Q1 24
$130.0M
$-251.1M
FCF Margin
CVI
CVI
IRM
IRM
Q4 25
-0.9%
Q3 25
6.4%
-14.6%
Q2 25
7.7%
-10.6%
Q1 25
-14.9%
-30.0%
Q4 24
2.2%
-11.8%
Q3 24
0.8%
-9.2%
Q2 24
1.9%
-1.0%
Q1 24
7.0%
-17.0%
Capex Intensity
CVI
CVI
IRM
IRM
Q4 25
3.0%
28.0%
Q3 25
2.0%
29.9%
Q2 25
2.3%
32.5%
Q1 25
3.1%
42.4%
Q4 24
2.8%
39.1%
Q3 24
1.9%
25.4%
Q2 24
2.2%
25.9%
Q1 24
2.5%
25.8%
Cash Conversion
CVI
CVI
IRM
IRM
Q4 25
5.37×
Q3 25
0.44×
3.10×
Q2 25
Q1 25
12.15×
Q4 24
3.50×
4.08×
Q3 24
Q2 24
3.86×
11.04×
Q1 24
2.16×
1.69×

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%

IRM
IRM

Storage Rental$1.1B58%
Services$781.9M42%

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