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Side-by-side financial comparison of CVR ENERGY INC (CVI) and RENAISSANCERE HOLDINGS LTD (RNR). Click either name above to swap in a different company.
RENAISSANCERE HOLDINGS LTD is the larger business by last-quarter revenue ($2.2B vs $1.8B, roughly 1.2× CVR ENERGY INC). RENAISSANCERE HOLDINGS LTD runs the higher net margin — 23.5% vs -6.1%, a 29.6% gap on every dollar of revenue. On growth, CVR ENERGY INC posted the faster year-over-year revenue change (-7.0% vs -36.8%). Over the past eight quarters, CVR ENERGY INC's revenue compounded faster (-1.4% CAGR vs -11.9%).
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.
RenaissanceRe Holdings Ltd is a Bermudian provider of reinsurance, insurance and other related business services. The company operates in reinsurance, insurance and ventures.
CVI vs RNR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.8B | $2.2B |
| Net Profit | $-110.0M | $515.8M |
| Gross Margin | -3.1% | — |
| Operating Margin | -5.3% | — |
| Net Margin | -6.1% | 23.5% |
| Revenue YoY | -7.0% | -36.8% |
| Net Profit YoY | -492.9% | 72.6% |
| EPS (diluted) | $-1.09 | $6.57 |
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.
| Q1 26 | — | $2.2B | ||
| Q4 25 | $1.8B | $3.0B | ||
| Q3 25 | $1.9B | $3.2B | ||
| Q2 25 | $1.8B | $3.2B | ||
| Q1 25 | $1.6B | $3.5B | ||
| Q4 24 | $1.9B | $2.3B | ||
| Q3 24 | $1.8B | $4.0B | ||
| Q2 24 | $2.0B | $2.8B |
| Q1 26 | — | $515.8M | ||
| Q4 25 | $-110.0M | $760.5M | ||
| Q3 25 | $374.0M | $916.5M | ||
| Q2 25 | $-114.0M | $835.4M | ||
| Q1 25 | $-123.0M | $170.0M | ||
| Q4 24 | $28.0M | $-189.7M | ||
| Q3 24 | $-124.0M | $1.2B | ||
| Q2 24 | $21.0M | $503.9M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | -5.3% | 42.5% | ||
| Q3 25 | 26.3% | 46.3% | ||
| Q2 25 | -5.8% | 41.8% | ||
| Q1 25 | -8.0% | -2.0% | ||
| Q4 24 | 1.1% | -3.6% | ||
| Q3 24 | -6.2% | 43.7% | ||
| Q2 24 | 1.4% | 25.0% |
| Q1 26 | — | 23.5% | ||
| Q4 25 | -6.1% | 25.6% | ||
| Q3 25 | 19.2% | 28.7% | ||
| Q2 25 | -6.5% | 26.1% | ||
| Q1 25 | -7.5% | 4.9% | ||
| Q4 24 | 1.4% | -8.3% | ||
| Q3 24 | -6.8% | 29.8% | ||
| Q2 24 | 1.1% | 17.8% |
| Q1 26 | — | $6.57 | ||
| Q4 25 | $-1.09 | $16.16 | ||
| Q3 25 | $3.72 | $19.40 | ||
| Q2 25 | $-1.14 | $17.20 | ||
| Q1 25 | $-1.22 | $3.27 | ||
| Q4 24 | $0.28 | $-3.76 | ||
| Q3 24 | $-1.24 | $22.62 | ||
| Q2 24 | $0.21 | $9.41 |
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 | $1.6B |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $730.0M | $4.3B |
| Total Assets | $3.7B | $53.7B |
| Debt / EquityLower = less leverage | 2.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.6B | ||
| Q4 25 | $511.0M | $1.7B | ||
| Q3 25 | $670.0M | $1.7B | ||
| Q2 25 | $596.0M | $1.4B | ||
| Q1 25 | $695.0M | $1.6B | ||
| Q4 24 | $987.0M | $1.7B | ||
| Q3 24 | $534.0M | $1.6B | ||
| Q2 24 | $586.0M | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $2.3B | ||
| Q3 25 | $1.8B | $2.2B | ||
| Q2 25 | $1.8B | $2.3B | ||
| Q1 25 | $1.9B | $2.8B | ||
| Q4 24 | $1.9B | $1.9B | ||
| Q3 24 | $1.6B | $1.9B | ||
| Q2 24 | $1.6B | $2.0B |
| Q1 26 | — | $4.3B | ||
| Q4 25 | $730.0M | $11.6B | ||
| Q3 25 | $840.0M | $11.5B | ||
| Q2 25 | $466.0M | $10.8B | ||
| Q1 25 | $580.0M | $10.3B | ||
| Q4 24 | $703.0M | $10.6B | ||
| Q3 24 | $675.0M | $11.2B | ||
| Q2 24 | $849.0M | $10.2B |
| Q1 26 | — | $53.7B | ||
| Q4 25 | $3.7B | $53.8B | ||
| Q3 25 | $4.0B | $54.5B | ||
| Q2 25 | $4.0B | $54.7B | ||
| Q1 25 | $4.3B | $53.6B | ||
| Q4 24 | $4.3B | $50.7B | ||
| Q3 24 | $3.9B | $52.8B | ||
| Q2 24 | $4.0B | $51.6B |
| Q1 26 | — | — | ||
| Q4 25 | 2.40× | 0.20× | ||
| Q3 25 | 2.17× | 0.19× | ||
| Q2 25 | 3.97× | 0.21× | ||
| Q1 25 | 3.29× | 0.27× | ||
| Q4 24 | 2.71× | 0.18× | ||
| Q3 24 | 2.33× | 0.17× | ||
| Q2 24 | 1.86× | 0.19× |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 3.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $0 | $483.0M | ||
| Q3 25 | $163.0M | $1.6B | ||
| Q2 25 | $176.0M | $1.5B | ||
| Q1 25 | $-195.0M | $157.8M | ||
| Q4 24 | $98.0M | $778.9M | ||
| Q3 24 | $48.0M | $1.5B | ||
| Q2 24 | $81.0M | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $125.0M | — | ||
| Q2 25 | $135.0M | — | ||
| Q1 25 | $-246.0M | — | ||
| Q4 24 | $43.0M | — | ||
| Q3 24 | $14.0M | — | ||
| Q2 24 | $38.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 6.4% | — | ||
| Q2 25 | 7.7% | — | ||
| Q1 25 | -14.9% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 0.8% | — | ||
| Q2 24 | 1.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | — | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 2.8% | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 2.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.64× | ||
| Q3 25 | 0.44× | 1.73× | ||
| Q2 25 | — | 1.76× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | 3.50× | — | ||
| Q3 24 | — | 1.26× | ||
| Q2 24 | 3.86× | 2.41× |
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% |
RNR
Segment breakdown not available.
