vs
Side-by-side financial comparison of CVR ENERGY INC (CVI) and PBF Energy Inc. (PBF). Click either name above to swap in a different company.
PBF Energy Inc. is the larger business by last-quarter revenue ($7.1B vs $1.8B, roughly 3.9× CVR ENERGY INC). PBF Energy Inc. runs the higher net margin — 1.1% vs -6.1%, a 7.2% gap on every dollar of revenue. On growth, PBF Energy Inc. posted the faster year-over-year revenue change (-2.9% vs -7.0%). Over the past eight quarters, CVR ENERGY INC's revenue compounded faster (-1.4% CAGR vs -9.1%).
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.
PBF Energy Inc. is a petroleum refining and logistics company that produces and sells transportation fuels, heating oils, lubricants, petrochemical feedstocks, and other petroleum products. The company owns and operated 6 refineries throughout the United States, located in Chalmette, Louisiana; Toledo, Ohio; Paulsboro, New Jersey; the Delaware City Refinery in Delaware City; Torrance, California; Martinez, California. PBF produces a range of products including gasoline, ultra-low-sulfur diese...
CVI vs PBF — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $1.8B | $7.1B |
| Net Profit | $-110.0M | $78.4M |
| Gross Margin | -3.1% | -1.8% |
| Operating Margin | -5.3% | 1.8% |
| Net Margin | -6.1% | 1.1% |
| Revenue YoY | -7.0% | -2.9% |
| Net Profit YoY | -492.9% | 127.1% |
| EPS (diluted) | $-1.09 | $0.74 |
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 | $7.1B | ||
| Q3 25 | $1.9B | $7.7B | ||
| Q2 25 | $1.8B | $7.5B | ||
| Q1 25 | $1.6B | $7.1B | ||
| Q4 24 | $1.9B | $7.4B | ||
| Q3 24 | $1.8B | $8.4B | ||
| Q2 24 | $2.0B | $8.7B | ||
| Q1 24 | $1.9B | $8.6B |
| Q4 25 | $-110.0M | $78.4M | ||
| Q3 25 | $374.0M | $170.1M | ||
| Q2 25 | $-114.0M | $-5.2M | ||
| Q1 25 | $-123.0M | $-401.8M | ||
| Q4 24 | $28.0M | $-289.3M | ||
| Q3 24 | $-124.0M | $-285.9M | ||
| Q2 24 | $21.0M | $-65.2M | ||
| Q1 24 | $82.0M | $106.6M |
| Q4 25 | -3.1% | -1.8% | ||
| Q3 25 | 28.8% | 0.5% | ||
| Q2 25 | -3.7% | -0.8% | ||
| Q1 25 | -5.5% | -5.9% | ||
| Q4 24 | 3.0% | -4.2% | ||
| Q3 24 | -3.9% | -3.4% | ||
| Q2 24 | 2.9% | 0.1% | ||
| Q1 24 | 8.6% | 2.5% |
| Q4 25 | -5.3% | 1.8% | ||
| Q3 25 | 26.3% | 3.7% | ||
| Q2 25 | -5.8% | 0.6% | ||
| Q1 25 | -8.0% | -7.2% | ||
| Q4 24 | 1.1% | -5.2% | ||
| Q3 24 | -6.2% | -4.6% | ||
| Q2 24 | 1.4% | -0.9% | ||
| Q1 24 | 6.6% | 1.7% |
| Q4 25 | -6.1% | 1.1% | ||
| Q3 25 | 19.2% | 2.2% | ||
| Q2 25 | -6.5% | -0.1% | ||
| Q1 25 | -7.5% | -5.7% | ||
| Q4 24 | 1.4% | -3.9% | ||
| Q3 24 | -6.8% | -3.4% | ||
| Q2 24 | 1.1% | -0.7% | ||
| Q1 24 | 4.4% | 1.2% |
| Q4 25 | $-1.09 | $0.74 | ||
| Q3 25 | $3.72 | $1.45 | ||
| Q2 25 | $-1.14 | $-0.05 | ||
| Q1 25 | $-1.22 | $-3.53 | ||
| Q4 24 | $0.28 | $-2.41 | ||
| Q3 24 | $-1.24 | $-2.49 | ||
| Q2 24 | $0.21 | $-0.56 | ||
| Q1 24 | $0.81 | $0.86 |
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 | $527.9M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $730.0M | $5.3B |
| Total Assets | $3.7B | $13.0B |
| Debt / EquityLower = less leverage | 2.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $511.0M | $527.9M | ||
| Q3 25 | $670.0M | $482.0M | ||
| Q2 25 | $596.0M | $590.7M | ||
| Q1 25 | $695.0M | $468.6M | ||
| Q4 24 | $987.0M | $536.1M | ||
| Q3 24 | $534.0M | $976.7M | ||
| Q2 24 | $586.0M | $1.4B | ||
| Q1 24 | $644.0M | $1.4B |
| 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 | $5.3B | ||
| Q3 25 | $840.0M | $5.2B | ||
| Q2 25 | $466.0M | $5.1B | ||
| Q1 25 | $580.0M | $5.1B | ||
| Q4 24 | $703.0M | $5.5B | ||
| Q3 24 | $675.0M | $5.9B | ||
| Q2 24 | $849.0M | $6.3B | ||
| Q1 24 | $879.0M | $6.5B |
| Q4 25 | $3.7B | $13.0B | ||
| Q3 25 | $4.0B | $13.0B | ||
| Q2 25 | $4.0B | $13.0B | ||
| Q1 25 | $4.3B | $13.0B | ||
| Q4 24 | $4.3B | $12.7B | ||
| Q3 24 | $3.9B | $13.1B | ||
| Q2 24 | $4.0B | $14.1B | ||
| Q1 24 | $4.1B | $13.8B |
| 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 | $366.6M |
| Free Cash FlowOCF − Capex | — | $77.0M |
| FCF MarginFCF / Revenue | — | 1.1% |
| Capex IntensityCapex / Revenue | 3.0% | 4.1% |
| Cash ConversionOCF / Net Profit | — | 4.68× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-783.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $0 | $366.6M | ||
| Q3 25 | $163.0M | $25.7M | ||
| Q2 25 | $176.0M | $191.1M | ||
| Q1 25 | $-195.0M | $-661.4M | ||
| Q4 24 | $98.0M | $-329.7M | ||
| Q3 24 | $48.0M | $-68.0M | ||
| Q2 24 | $81.0M | $425.3M | ||
| Q1 24 | $177.0M | $15.8M |
| Q4 25 | — | $77.0M | ||
| Q3 25 | $125.0M | $-122.8M | ||
| Q2 25 | $135.0M | $35.0M | ||
| Q1 25 | $-246.0M | $-772.4M | ||
| Q4 24 | $43.0M | $-425.7M | ||
| Q3 24 | $14.0M | $-169.8M | ||
| Q2 24 | $38.0M | $371.8M | ||
| Q1 24 | $130.0M | $-123.8M |
| Q4 25 | — | 1.1% | ||
| Q3 25 | 6.4% | -1.6% | ||
| Q2 25 | 7.7% | 0.5% | ||
| Q1 25 | -14.9% | -10.9% | ||
| Q4 24 | 2.2% | -5.8% | ||
| Q3 24 | 0.8% | -2.0% | ||
| Q2 24 | 1.9% | 4.3% | ||
| Q1 24 | 7.0% | -1.4% |
| Q4 25 | 3.0% | 4.1% | ||
| Q3 25 | 2.0% | 1.9% | ||
| Q2 25 | 2.3% | 2.1% | ||
| Q1 25 | 3.1% | 1.6% | ||
| Q4 24 | 2.8% | 1.3% | ||
| Q3 24 | 1.9% | 1.2% | ||
| Q2 24 | 2.2% | 0.6% | ||
| Q1 24 | 2.5% | 1.6% |
| Q4 25 | — | 4.68× | ||
| Q3 25 | 0.44× | 0.15× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.50× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.86× | — | ||
| Q1 24 | 2.16× | 0.15× |
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% |
PBF
| Gasoline And Distillate | $6.4B | 89% |
| Asphaltand Residual Oil | $283.6M | 4% |
| Other | $149.4M | 2% |
| Chemicals | $145.1M | 2% |
| Logistics Group | $93.5M | 1% |
| Lubricants | $81.9M | 1% |
