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

CVR ENERGY INC is the larger business by last-quarter revenue ($1.8B vs $909.4M, roughly 2.0× Nextpower Inc.). Nextpower Inc. runs the higher net margin — 14.4% vs -6.1%, a 20.5% gap on every dollar of revenue. On growth, Nextpower Inc. posted the faster year-over-year revenue change (33.9% vs -7.0%). Over the past eight quarters, Nextpower Inc.'s revenue compounded faster (11.1% 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.

Nextpower Inc. (NXT) is a global energy technology provider based in Fremont, California.

CVI vs NXT — Head-to-Head

Bigger by revenue
CVI
CVI
2.0× larger
CVI
$1.8B
$909.4M
NXT
Growing faster (revenue YoY)
NXT
NXT
+40.8% gap
NXT
33.9%
-7.0%
CVI
Higher net margin
NXT
NXT
20.5% more per $
NXT
14.4%
-6.1%
CVI
Faster 2-yr revenue CAGR
NXT
NXT
Annualised
NXT
11.1%
-1.4%
CVI

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
CVI
CVI
NXT
NXT
Revenue
$1.8B
$909.4M
Net Profit
$-110.0M
$131.2M
Gross Margin
-3.1%
31.7%
Operating Margin
-5.3%
19.4%
Net Margin
-6.1%
14.4%
Revenue YoY
-7.0%
33.9%
Net Profit YoY
-492.9%
13.8%
EPS (diluted)
$-1.09
$0.85

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
NXT
NXT
Q4 25
$1.8B
$909.4M
Q3 25
$1.9B
$905.3M
Q2 25
$1.8B
$864.3M
Q1 25
$1.6B
$924.3M
Q4 24
$1.9B
$679.4M
Q3 24
$1.8B
$635.6M
Q2 24
$2.0B
$719.9M
Q1 24
$1.9B
$736.5M
Net Profit
CVI
CVI
NXT
NXT
Q4 25
$-110.0M
$131.2M
Q3 25
$374.0M
$146.9M
Q2 25
$-114.0M
$157.2M
Q1 25
$-123.0M
$156.8M
Q4 24
$28.0M
$115.3M
Q3 24
$-124.0M
$115.4M
Q2 24
$21.0M
$121.7M
Q1 24
$82.0M
$205.2M
Gross Margin
CVI
CVI
NXT
NXT
Q4 25
-3.1%
31.7%
Q3 25
28.8%
32.4%
Q2 25
-3.7%
32.6%
Q1 25
-5.5%
33.1%
Q4 24
3.0%
35.5%
Q3 24
-3.9%
35.4%
Q2 24
2.9%
33.0%
Q1 24
8.6%
46.2%
Operating Margin
CVI
CVI
NXT
NXT
Q4 25
-5.3%
19.4%
Q3 25
26.3%
20.0%
Q2 25
-5.8%
21.5%
Q1 25
-8.0%
21.1%
Q4 24
1.1%
22.1%
Q3 24
-6.2%
21.0%
Q2 24
1.4%
22.2%
Q1 24
6.6%
36.8%
Net Margin
CVI
CVI
NXT
NXT
Q4 25
-6.1%
14.4%
Q3 25
19.2%
16.2%
Q2 25
-6.5%
18.2%
Q1 25
-7.5%
17.0%
Q4 24
1.4%
17.0%
Q3 24
-6.8%
18.2%
Q2 24
1.1%
16.9%
Q1 24
4.4%
27.9%
EPS (diluted)
CVI
CVI
NXT
NXT
Q4 25
$-1.09
$0.85
Q3 25
$3.72
$0.97
Q2 25
$-1.14
$1.04
Q1 25
$-1.22
$1.05
Q4 24
$0.28
$0.79
Q3 24
$-1.24
$0.79
Q2 24
$0.21
$0.84
Q1 24
$0.81
$1.52

Balance Sheet & Financial Strength

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

Metric
CVI
CVI
NXT
NXT
Cash + ST InvestmentsLiquidity on hand
$511.0M
$952.6M
Total DebtLower is stronger
$1.8B
Stockholders' EquityBook value
$730.0M
$2.2B
Total Assets
$3.7B
$3.8B
Debt / EquityLower = less leverage
2.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVI
CVI
NXT
NXT
Q4 25
$511.0M
$952.6M
Q3 25
$670.0M
$845.3M
Q2 25
$596.0M
$743.4M
Q1 25
$695.0M
$766.1M
Q4 24
$987.0M
$693.5M
Q3 24
$534.0M
$561.9M
Q2 24
$586.0M
$471.9M
Q1 24
$644.0M
$474.1M
Total Debt
CVI
CVI
NXT
NXT
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
NXT
NXT
Q4 25
$730.0M
$2.2B
Q3 25
$840.0M
$2.0B
Q2 25
$466.0M
$1.8B
Q1 25
$580.0M
$1.6B
Q4 24
$703.0M
$1.4B
Q3 24
$675.0M
$1.3B
Q2 24
$849.0M
$1.1B
Q1 24
$879.0M
$961.0M
Total Assets
CVI
CVI
NXT
NXT
Q4 25
$3.7B
$3.8B
Q3 25
$4.0B
$3.7B
Q2 25
$4.0B
$3.4B
Q1 25
$4.3B
$3.2B
Q4 24
$4.3B
$3.0B
Q3 24
$3.9B
$2.8B
Q2 24
$4.0B
$2.6B
Q1 24
$4.1B
$2.5B
Debt / Equity
CVI
CVI
NXT
NXT
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
NXT
NXT
Operating Cash FlowLast quarter
$0
$123.3M
Free Cash FlowOCF − Capex
$118.5M
FCF MarginFCF / Revenue
13.0%
Capex IntensityCapex / Revenue
3.0%
0.5%
Cash ConversionOCF / Net Profit
0.94×
TTM Free Cash FlowTrailing 4 quarters
$587.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVI
CVI
NXT
NXT
Q4 25
$0
$123.3M
Q3 25
$163.0M
$186.9M
Q2 25
$176.0M
$81.3M
Q1 25
$-195.0M
$237.3M
Q4 24
$98.0M
$143.8M
Q3 24
$48.0M
$153.8M
Q2 24
$81.0M
$120.8M
Q1 24
$177.0M
$111.5M
Free Cash Flow
CVI
CVI
NXT
NXT
Q4 25
$118.5M
Q3 25
$125.0M
$171.4M
Q2 25
$135.0M
$70.1M
Q1 25
$-246.0M
$227.2M
Q4 24
$43.0M
$134.9M
Q3 24
$14.0M
$141.8M
Q2 24
$38.0M
$118.0M
Q1 24
$130.0M
$109.2M
FCF Margin
CVI
CVI
NXT
NXT
Q4 25
13.0%
Q3 25
6.4%
18.9%
Q2 25
7.7%
8.1%
Q1 25
-14.9%
24.6%
Q4 24
2.2%
19.9%
Q3 24
0.8%
22.3%
Q2 24
1.9%
16.4%
Q1 24
7.0%
14.8%
Capex Intensity
CVI
CVI
NXT
NXT
Q4 25
3.0%
0.5%
Q3 25
2.0%
1.7%
Q2 25
2.3%
1.3%
Q1 25
3.1%
1.1%
Q4 24
2.8%
1.3%
Q3 24
1.9%
1.9%
Q2 24
2.2%
0.4%
Q1 24
2.5%
0.3%
Cash Conversion
CVI
CVI
NXT
NXT
Q4 25
0.94×
Q3 25
0.44×
1.27×
Q2 25
0.52×
Q1 25
1.51×
Q4 24
3.50×
1.25×
Q3 24
1.33×
Q2 24
3.86×
0.99×
Q1 24
2.16×
0.54×

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%

NXT
NXT

Transferred Over Time$763.9M84%
Transferred At Point In Time$145.4M16%

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