vs
Side-by-side financial comparison of CVR ENERGY INC (CVI) and RXO, Inc. (RXO). Click either name above to swap in a different company.
CVR ENERGY INC is the larger business by last-quarter revenue ($2.0B vs $1.5B, roughly 1.3× RXO, Inc.). RXO, Inc. runs the higher net margin — -3.1% vs -8.1%, a 4.9% gap on every dollar of revenue. On growth, CVR ENERGY INC posted the faster year-over-year revenue change (20.3% vs -11.9%). CVR ENERGY INC produced more free cash flow last quarter ($21.0M vs $-9.0M). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% 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.
RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.
CVI vs RXO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $1.5B |
| Net Profit | $-160.0M | $-46.0M |
| Gross Margin | -5.2% | — |
| Operating Margin | — | -2.9% |
| Net Margin | -8.1% | -3.1% |
| Revenue YoY | 20.3% | -11.9% |
| Net Profit YoY | -56.1% | -84.0% |
| EPS (diluted) | $-1.91 | $-0.28 |
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 | $2.0B | — | ||
| Q4 25 | $1.8B | $1.5B | ||
| Q3 25 | $1.9B | $1.4B | ||
| Q2 25 | $1.8B | $1.4B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | $1.9B | $1.7B | ||
| Q3 24 | $1.8B | $1.0B | ||
| Q2 24 | $2.0B | $930.0M |
| Q1 26 | $-160.0M | — | ||
| Q4 25 | $-110.0M | $-46.0M | ||
| Q3 25 | $374.0M | $-14.0M | ||
| Q2 25 | $-114.0M | $-9.0M | ||
| Q1 25 | $-123.0M | $-31.0M | ||
| Q4 24 | $28.0M | $-25.0M | ||
| Q3 24 | $-124.0M | $-243.0M | ||
| Q2 24 | $21.0M | $-7.0M |
| Q1 26 | -5.2% | — | ||
| 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% | -2.9% | ||
| Q3 25 | 26.3% | -0.5% | ||
| Q2 25 | -5.8% | — | ||
| Q1 25 | -8.0% | -2.1% | ||
| Q4 24 | 1.1% | -1.4% | ||
| Q3 24 | -6.2% | -1.9% | ||
| Q2 24 | 1.4% | — |
| Q1 26 | -8.1% | — | ||
| Q4 25 | -6.1% | -3.1% | ||
| Q3 25 | 19.2% | -1.0% | ||
| Q2 25 | -6.5% | -0.6% | ||
| Q1 25 | -7.5% | -2.2% | ||
| Q4 24 | 1.4% | -1.5% | ||
| Q3 24 | -6.8% | -23.4% | ||
| Q2 24 | 1.1% | -0.8% |
| Q1 26 | $-1.91 | — | ||
| Q4 25 | $-1.09 | $-0.28 | ||
| Q3 25 | $3.72 | $-0.08 | ||
| Q2 25 | $-1.14 | $-0.05 | ||
| Q1 25 | $-1.22 | $-0.18 | ||
| Q4 24 | $0.28 | $-0.17 | ||
| Q3 24 | $-1.24 | $-1.81 | ||
| Q2 24 | $0.21 | $-0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $512.0M | $17.0M |
| Total DebtLower is stronger | — | $387.0M |
| Stockholders' EquityBook value | — | $1.5B |
| Total Assets | $3.9B | $3.3B |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.0M | — | ||
| Q4 25 | $511.0M | $17.0M | ||
| Q3 25 | $670.0M | $25.0M | ||
| Q2 25 | $596.0M | $18.0M | ||
| Q1 25 | $695.0M | $16.0M | ||
| Q4 24 | $987.0M | $35.0M | ||
| Q3 24 | $534.0M | $55.0M | ||
| Q2 24 | $586.0M | $7.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $387.0M | ||
| Q3 25 | $1.8B | $387.0M | ||
| Q2 25 | $1.8B | $387.0M | ||
| Q1 25 | $1.9B | $387.0M | ||
| Q4 24 | $1.9B | $351.0M | ||
| Q3 24 | $1.6B | $352.0M | ||
| Q2 24 | $1.6B | $370.0M |
| Q1 26 | — | — | ||
| Q4 25 | $730.0M | $1.5B | ||
| Q3 25 | $840.0M | $1.6B | ||
| Q2 25 | $466.0M | $1.6B | ||
| Q1 25 | $580.0M | $1.6B | ||
| Q4 24 | $703.0M | $1.6B | ||
| Q3 24 | $675.0M | $1.7B | ||
| Q2 24 | $849.0M | $579.0M |
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.7B | $3.3B | ||
| Q3 25 | $4.0B | $3.2B | ||
| Q2 25 | $4.0B | $3.2B | ||
| Q1 25 | $4.3B | $3.3B | ||
| Q4 24 | $4.3B | $3.4B | ||
| Q3 24 | $3.9B | $3.4B | ||
| Q2 24 | $4.0B | $1.8B |
| Q1 26 | — | — | ||
| Q4 25 | 2.40× | 0.25× | ||
| Q3 25 | 2.17× | 0.24× | ||
| Q2 25 | 3.97× | 0.24× | ||
| Q1 25 | 3.29× | 0.24× | ||
| Q4 24 | 2.71× | 0.22× | ||
| Q3 24 | 2.33× | 0.21× | ||
| Q2 24 | 1.86× | 0.64× |
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 | — | $7.0M |
| Free Cash FlowOCF − Capex | $21.0M | $-9.0M |
| FCF MarginFCF / Revenue | 1.1% | -0.6% |
| Capex IntensityCapex / Revenue | 1.5% | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $0 | $7.0M | ||
| Q3 25 | $163.0M | $23.0M | ||
| Q2 25 | $176.0M | $23.0M | ||
| Q1 25 | $-195.0M | $-2.0M | ||
| Q4 24 | $98.0M | $-7.0M | ||
| Q3 24 | $48.0M | $-7.0M | ||
| Q2 24 | $81.0M | $-5.0M |
| Q1 26 | $21.0M | — | ||
| Q4 25 | — | $-9.0M | ||
| Q3 25 | $125.0M | $9.0M | ||
| Q2 25 | $135.0M | $9.0M | ||
| Q1 25 | $-246.0M | $-17.0M | ||
| Q4 24 | $43.0M | $-19.0M | ||
| Q3 24 | $14.0M | $-18.0M | ||
| Q2 24 | $38.0M | $-16.0M |
| Q1 26 | 1.1% | — | ||
| Q4 25 | — | -0.6% | ||
| Q3 25 | 6.4% | 0.6% | ||
| Q2 25 | 7.7% | 0.6% | ||
| Q1 25 | -14.9% | -1.2% | ||
| Q4 24 | 2.2% | -1.1% | ||
| Q3 24 | 0.8% | -1.7% | ||
| Q2 24 | 1.9% | -1.7% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 3.0% | 1.1% | ||
| Q3 25 | 2.0% | 1.0% | ||
| Q2 25 | 2.3% | 1.0% | ||
| Q1 25 | 3.1% | 1.0% | ||
| Q4 24 | 2.8% | 0.7% | ||
| Q3 24 | 1.9% | 1.1% | ||
| Q2 24 | 2.2% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.44× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.50× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.86× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVI
Segment breakdown not available.
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
