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

CVR ENERGY INC is the larger business by last-quarter revenue ($2.0B vs $1.9B, roughly 1.1× Primoris Services Corp). Primoris Services Corp runs the higher net margin — 2.8% vs -8.1%, a 10.9% gap on every dollar of revenue. On growth, CVR ENERGY INC posted the faster year-over-year revenue change (20.3% vs 6.7%). Primoris Services Corp produced more free cash flow last quarter ($121.1M vs $21.0M). Over the past eight quarters, Primoris Services Corp's revenue compounded faster (14.7% CAGR vs 0.3%).

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.

Primoris Services Corporation is a publicly traded specialty construction and infrastructure company based in the United States, with a particular focus on pipelines for natural gas, wastewater and water. As of 2014 it was a Fortune 1000 company.

CVI vs PRIM — Head-to-Head

Bigger by revenue
CVI
CVI
1.1× larger
CVI
$2.0B
$1.9B
PRIM
Growing faster (revenue YoY)
CVI
CVI
+13.6% gap
CVI
20.3%
6.7%
PRIM
Higher net margin
PRIM
PRIM
10.9% more per $
PRIM
2.8%
-8.1%
CVI
More free cash flow
PRIM
PRIM
$100.1M more FCF
PRIM
$121.1M
$21.0M
CVI
Faster 2-yr revenue CAGR
PRIM
PRIM
Annualised
PRIM
14.7%
0.3%
CVI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CVI
CVI
PRIM
PRIM
Revenue
$2.0B
$1.9B
Net Profit
$-160.0M
$51.7M
Gross Margin
-5.2%
9.4%
Operating Margin
4.2%
Net Margin
-8.1%
2.8%
Revenue YoY
20.3%
6.7%
Net Profit YoY
-56.1%
-4.2%
EPS (diluted)
$-1.91
$0.94

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
PRIM
PRIM
Q1 26
$2.0B
Q4 25
$1.8B
$1.9B
Q3 25
$1.9B
$2.2B
Q2 25
$1.8B
$1.9B
Q1 25
$1.6B
$1.6B
Q4 24
$1.9B
$1.7B
Q3 24
$1.8B
$1.6B
Q2 24
$2.0B
$1.6B
Net Profit
CVI
CVI
PRIM
PRIM
Q1 26
$-160.0M
Q4 25
$-110.0M
$51.7M
Q3 25
$374.0M
$94.6M
Q2 25
$-114.0M
$84.3M
Q1 25
$-123.0M
$44.2M
Q4 24
$28.0M
$54.0M
Q3 24
$-124.0M
$58.4M
Q2 24
$21.0M
$49.5M
Gross Margin
CVI
CVI
PRIM
PRIM
Q1 26
-5.2%
Q4 25
-3.1%
9.4%
Q3 25
28.8%
10.8%
Q2 25
-3.7%
12.3%
Q1 25
-5.5%
10.4%
Q4 24
3.0%
10.6%
Q3 24
-3.9%
12.0%
Q2 24
2.9%
11.9%
Operating Margin
CVI
CVI
PRIM
PRIM
Q1 26
Q4 25
-5.3%
4.2%
Q3 25
26.3%
6.3%
Q2 25
-5.8%
6.7%
Q1 25
-8.0%
4.3%
Q4 24
1.1%
5.0%
Q3 24
-6.2%
6.0%
Q2 24
1.4%
5.5%
Net Margin
CVI
CVI
PRIM
PRIM
Q1 26
-8.1%
Q4 25
-6.1%
2.8%
Q3 25
19.2%
4.3%
Q2 25
-6.5%
4.5%
Q1 25
-7.5%
2.7%
Q4 24
1.4%
3.1%
Q3 24
-6.8%
3.5%
Q2 24
1.1%
3.2%
EPS (diluted)
CVI
CVI
PRIM
PRIM
Q1 26
$-1.91
Q4 25
$-1.09
$0.94
Q3 25
$3.72
$1.73
Q2 25
$-1.14
$1.54
Q1 25
$-1.22
$0.81
Q4 24
$0.28
$0.98
Q3 24
$-1.24
$1.07
Q2 24
$0.21
$0.91

Balance Sheet & Financial Strength

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

Metric
CVI
CVI
PRIM
PRIM
Cash + ST InvestmentsLiquidity on hand
$512.0M
$535.5M
Total DebtLower is stronger
$469.9M
Stockholders' EquityBook value
$1.7B
Total Assets
$3.9B
$4.4B
Debt / EquityLower = less leverage
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVI
CVI
PRIM
PRIM
Q1 26
$512.0M
Q4 25
$511.0M
$535.5M
Q3 25
$670.0M
$431.4M
Q2 25
$596.0M
$390.3M
Q1 25
$695.0M
$351.6M
Q4 24
$987.0M
$455.8M
Q3 24
$534.0M
$352.7M
Q2 24
$586.0M
$207.4M
Total Debt
CVI
CVI
PRIM
PRIM
Q1 26
Q4 25
$1.8B
$469.9M
Q3 25
$1.8B
$486.0M
Q2 25
$1.8B
$603.1M
Q1 25
$1.9B
$612.0M
Q4 24
$1.9B
$734.8M
Q3 24
$1.6B
$903.7M
Q2 24
$1.6B
$933.0M
Stockholders' Equity
CVI
CVI
PRIM
PRIM
Q1 26
Q4 25
$730.0M
$1.7B
Q3 25
$840.0M
$1.6B
Q2 25
$466.0M
$1.5B
Q1 25
$580.0M
$1.4B
Q4 24
$703.0M
$1.4B
Q3 24
$675.0M
$1.4B
Q2 24
$849.0M
$1.3B
Total Assets
CVI
CVI
PRIM
PRIM
Q1 26
$3.9B
Q4 25
$3.7B
$4.4B
Q3 25
$4.0B
$4.6B
Q2 25
$4.0B
$4.5B
Q1 25
$4.3B
$4.2B
Q4 24
$4.3B
$4.2B
Q3 24
$3.9B
$4.2B
Q2 24
$4.0B
$4.0B
Debt / Equity
CVI
CVI
PRIM
PRIM
Q1 26
Q4 25
2.40×
0.28×
Q3 25
2.17×
0.30×
Q2 25
3.97×
0.39×
Q1 25
3.29×
0.42×
Q4 24
2.71×
0.52×
Q3 24
2.33×
0.67×
Q2 24
1.86×
0.72×

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
PRIM
PRIM
Operating Cash FlowLast quarter
$142.9M
Free Cash FlowOCF − Capex
$21.0M
$121.1M
FCF MarginFCF / Revenue
1.1%
6.5%
Capex IntensityCapex / Revenue
1.5%
1.2%
Cash ConversionOCF / Net Profit
2.76×
TTM Free Cash FlowTrailing 4 quarters
$340.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVI
CVI
PRIM
PRIM
Q1 26
Q4 25
$0
$142.9M
Q3 25
$163.0M
$182.9M
Q2 25
$176.0M
$78.5M
Q1 25
$-195.0M
$66.2M
Q4 24
$98.0M
$298.3M
Q3 24
$48.0M
$222.5M
Q2 24
$81.0M
$16.1M
Free Cash Flow
CVI
CVI
PRIM
PRIM
Q1 26
$21.0M
Q4 25
$121.1M
Q3 25
$125.0M
$148.4M
Q2 25
$135.0M
$45.3M
Q1 25
$-246.0M
$25.6M
Q4 24
$43.0M
$270.0M
Q3 24
$14.0M
$158.8M
Q2 24
$38.0M
$-8.1M
FCF Margin
CVI
CVI
PRIM
PRIM
Q1 26
1.1%
Q4 25
6.5%
Q3 25
6.4%
6.8%
Q2 25
7.7%
2.4%
Q1 25
-14.9%
1.6%
Q4 24
2.2%
15.5%
Q3 24
0.8%
9.6%
Q2 24
1.9%
-0.5%
Capex Intensity
CVI
CVI
PRIM
PRIM
Q1 26
1.5%
Q4 25
3.0%
1.2%
Q3 25
2.0%
1.6%
Q2 25
2.3%
1.8%
Q1 25
3.1%
2.5%
Q4 24
2.8%
1.6%
Q3 24
1.9%
3.9%
Q2 24
2.2%
1.5%
Cash Conversion
CVI
CVI
PRIM
PRIM
Q1 26
Q4 25
2.76×
Q3 25
0.44×
1.93×
Q2 25
0.93×
Q1 25
1.50×
Q4 24
3.50×
5.53×
Q3 24
3.81×
Q2 24
3.86×
0.32×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CVI
CVI

Segment breakdown not available.

PRIM
PRIM

Energy Segment$1.2B64%
Unit Price Contracts$473.7M25%
Cost Reimbursable Contracts$121.3M7%
Other$74.9M4%

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