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

CVR ENERGY INC is the larger business by last-quarter revenue ($1.8B vs $1.6B, roughly 1.2× ON Semiconductor). ON Semiconductor runs the higher net margin — 16.4% vs -6.1%, a 22.5% gap on every dollar of revenue. On growth, CVR ENERGY INC posted the faster year-over-year revenue change (-7.0% vs -10.0%). Over the past eight quarters, CVR ENERGY INC's revenue compounded faster (-1.4% CAGR vs -12.3%).

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.

Fairchild Semiconductor International, Inc. was an American semiconductor company based in San Jose, California. It was founded in 1957 as a division of Fairchild Camera and Instrument by the "traitorous eight" who defected from Shockley Semiconductor Laboratory. It became a pioneer in the manufacturing of transistors and of integrated circuits. Schlumberger bought the firm in 1979 and sold it to National Semiconductor in 1987; Fairchild was spun off as an independent company again in 1997. I...

CVI vs ON — Head-to-Head

Bigger by revenue
CVI
CVI
1.2× larger
CVI
$1.8B
$1.6B
ON
Growing faster (revenue YoY)
CVI
CVI
+3.0% gap
CVI
-7.0%
-10.0%
ON
Higher net margin
ON
ON
22.5% more per $
ON
16.4%
-6.1%
CVI
Faster 2-yr revenue CAGR
CVI
CVI
Annualised
CVI
-1.4%
-12.3%
ON

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CVI
CVI
ON
ON
Revenue
$1.8B
$1.6B
Net Profit
$-110.0M
$255.0M
Gross Margin
-3.1%
37.9%
Operating Margin
-5.3%
17.0%
Net Margin
-6.1%
16.4%
Revenue YoY
-7.0%
-10.0%
Net Profit YoY
-492.9%
-32.9%
EPS (diluted)
$-1.09
$0.63

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
ON
ON
Q4 25
$1.8B
$1.6B
Q3 25
$1.9B
$1.5B
Q2 25
$1.8B
$1.4B
Q1 25
$1.6B
Q4 24
$1.9B
$1.7B
Q3 24
$1.8B
$1.8B
Q2 24
$2.0B
$1.7B
Q1 24
$1.9B
$1.9B
Net Profit
CVI
CVI
ON
ON
Q4 25
$-110.0M
$255.0M
Q3 25
$374.0M
$170.3M
Q2 25
$-114.0M
$-486.1M
Q1 25
$-123.0M
Q4 24
$28.0M
$379.9M
Q3 24
$-124.0M
$401.7M
Q2 24
$21.0M
$338.2M
Q1 24
$82.0M
$453.0M
Gross Margin
CVI
CVI
ON
ON
Q4 25
-3.1%
37.9%
Q3 25
28.8%
37.6%
Q2 25
-3.7%
20.3%
Q1 25
-5.5%
Q4 24
3.0%
45.2%
Q3 24
-3.9%
45.4%
Q2 24
2.9%
45.2%
Q1 24
8.6%
45.8%
Operating Margin
CVI
CVI
ON
ON
Q4 25
-5.3%
17.0%
Q3 25
26.3%
13.2%
Q2 25
-5.8%
-39.7%
Q1 25
-8.0%
Q4 24
1.1%
23.7%
Q3 24
-6.2%
25.3%
Q2 24
1.4%
22.4%
Q1 24
6.6%
28.2%
Net Margin
CVI
CVI
ON
ON
Q4 25
-6.1%
16.4%
Q3 25
19.2%
11.6%
Q2 25
-6.5%
-33.6%
Q1 25
-7.5%
Q4 24
1.4%
22.1%
Q3 24
-6.8%
22.8%
Q2 24
1.1%
19.5%
Q1 24
4.4%
24.3%
EPS (diluted)
CVI
CVI
ON
ON
Q4 25
$-1.09
$0.63
Q3 25
$3.72
$0.41
Q2 25
$-1.14
$-1.15
Q1 25
$-1.22
Q4 24
$0.28
$0.88
Q3 24
$-1.24
$0.93
Q2 24
$0.21
$0.78
Q1 24
$0.81
$1.04

Balance Sheet & Financial Strength

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

Metric
CVI
CVI
ON
ON
Cash + ST InvestmentsLiquidity on hand
$511.0M
$2.9B
Total DebtLower is stronger
$1.8B
$3.4B
Stockholders' EquityBook value
$730.0M
$7.9B
Total Assets
$3.7B
$13.0B
Debt / EquityLower = less leverage
2.40×
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVI
CVI
ON
ON
Q4 25
$511.0M
$2.9B
Q3 25
$670.0M
$2.8B
Q2 25
$596.0M
$3.0B
Q1 25
$695.0M
Q4 24
$987.0M
$3.0B
Q3 24
$534.0M
$2.8B
Q2 24
$586.0M
$2.7B
Q1 24
$644.0M
$2.6B
Total Debt
CVI
CVI
ON
ON
Q4 25
$1.8B
$3.4B
Q3 25
$1.8B
$3.4B
Q2 25
$1.8B
$3.4B
Q1 25
$1.9B
Q4 24
$1.9B
$3.4B
Q3 24
$1.6B
$3.4B
Q2 24
$1.6B
$3.4B
Q1 24
$1.6B
$3.4B
Stockholders' Equity
CVI
CVI
ON
ON
Q4 25
$730.0M
$7.9B
Q3 25
$840.0M
$7.9B
Q2 25
$466.0M
$8.0B
Q1 25
$580.0M
Q4 24
$703.0M
$8.8B
Q3 24
$675.0M
$8.6B
Q2 24
$849.0M
$8.3B
Q1 24
$879.0M
$8.1B
Total Assets
CVI
CVI
ON
ON
Q4 25
$3.7B
$13.0B
Q3 25
$4.0B
$13.1B
Q2 25
$4.0B
$13.3B
Q1 25
$4.3B
Q4 24
$4.3B
$14.1B
Q3 24
$3.9B
$13.9B
Q2 24
$4.0B
$13.7B
Q1 24
$4.1B
$13.5B
Debt / Equity
CVI
CVI
ON
ON
Q4 25
2.40×
0.43×
Q3 25
2.17×
0.43×
Q2 25
3.97×
0.42×
Q1 25
3.29×
Q4 24
2.71×
0.38×
Q3 24
2.33×
0.39×
Q2 24
1.86×
0.41×
Q1 24
1.79×
0.42×

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
ON
ON
Operating Cash FlowLast quarter
$0
$418.7M
Free Cash FlowOCF − Capex
$372.4M
FCF MarginFCF / Revenue
24.0%
Capex IntensityCapex / Revenue
3.0%
3.0%
Cash ConversionOCF / Net Profit
1.64×
TTM Free Cash FlowTrailing 4 quarters
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVI
CVI
ON
ON
Q4 25
$0
$418.7M
Q3 25
$163.0M
$184.3M
Q2 25
$176.0M
$602.3M
Q1 25
$-195.0M
Q4 24
$98.0M
$579.7M
Q3 24
$48.0M
$465.8M
Q2 24
$81.0M
$362.2M
Q1 24
$177.0M
$498.7M
Free Cash Flow
CVI
CVI
ON
ON
Q4 25
$372.4M
Q3 25
$125.0M
$106.1M
Q2 25
$135.0M
$454.7M
Q1 25
$-246.0M
Q4 24
$43.0M
$434.8M
Q3 24
$14.0M
$293.6M
Q2 24
$38.0M
$207.7M
Q1 24
$130.0M
$276.3M
FCF Margin
CVI
CVI
ON
ON
Q4 25
24.0%
Q3 25
6.4%
7.2%
Q2 25
7.7%
31.5%
Q1 25
-14.9%
Q4 24
2.2%
25.2%
Q3 24
0.8%
16.7%
Q2 24
1.9%
12.0%
Q1 24
7.0%
14.8%
Capex Intensity
CVI
CVI
ON
ON
Q4 25
3.0%
3.0%
Q3 25
2.0%
5.3%
Q2 25
2.3%
10.2%
Q1 25
3.1%
Q4 24
2.8%
8.4%
Q3 24
1.9%
9.8%
Q2 24
2.2%
8.9%
Q1 24
2.5%
11.9%
Cash Conversion
CVI
CVI
ON
ON
Q4 25
1.64×
Q3 25
0.44×
1.08×
Q2 25
Q1 25
Q4 24
3.50×
1.53×
Q3 24
1.16×
Q2 24
3.86×
1.07×
Q1 24
2.16×
1.10×

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%

ON
ON

Industrial Segment$426.3M27%
Other End Markets Segment$337.3M22%
Intelligent Sensing Segments$284.0M18%
Direct Customers$282.4M18%
Intelligent Sensing Group$230.0M15%

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