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Side-by-side financial comparison of CVR ENERGY INC (CVI) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
CVR ENERGY INC is the larger business by last-quarter revenue ($2.0B vs $1.4B, roughly 1.4× SEALED AIR CORP). SEALED AIR CORP runs the higher net margin — 3.1% vs -8.1%, a 11.2% gap on every dollar of revenue. On growth, CVR ENERGY INC posted the faster year-over-year revenue change (20.3% vs 2.6%). SEALED AIR CORP produced more free cash flow last quarter ($257.7M vs $21.0M). Over the past eight quarters, SEALED AIR CORP's revenue compounded faster (2.7% 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.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
CVI vs SEE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $1.4B |
| Net Profit | $-160.0M | $43.8M |
| Gross Margin | -5.2% | 28.6% |
| Operating Margin | — | 11.4% |
| Net Margin | -8.1% | 3.1% |
| Revenue YoY | 20.3% | 2.6% |
| Net Profit YoY | -56.1% | 700.0% |
| EPS (diluted) | $-1.91 | $0.30 |
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 | $1.4B | ||
| Q3 25 | $1.9B | $1.3B | ||
| Q2 25 | $1.8B | $1.3B | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $1.9B | $1.4B | ||
| Q3 24 | $1.8B | $1.3B | ||
| Q2 24 | $2.0B | $1.3B |
| Q1 26 | $-160.0M | — | ||
| Q4 25 | $-110.0M | $43.8M | ||
| Q3 25 | $374.0M | $255.1M | ||
| Q2 25 | $-114.0M | $93.1M | ||
| Q1 25 | $-123.0M | $113.5M | ||
| Q4 24 | $28.0M | $-7.3M | ||
| Q3 24 | $-124.0M | $91.7M | ||
| Q2 24 | $21.0M | $98.3M |
| Q1 26 | -5.2% | — | ||
| Q4 25 | -3.1% | 28.6% | ||
| Q3 25 | 28.8% | 29.8% | ||
| Q2 25 | -3.7% | 30.7% | ||
| Q1 25 | -5.5% | 30.9% | ||
| Q4 24 | 3.0% | 30.0% | ||
| Q3 24 | -3.9% | 30.1% | ||
| Q2 24 | 2.9% | 31.2% |
| Q1 26 | — | — | ||
| Q4 25 | -5.3% | 11.4% | ||
| Q3 25 | 26.3% | 13.8% | ||
| Q2 25 | -5.8% | 15.0% | ||
| Q1 25 | -8.0% | 14.5% | ||
| Q4 24 | 1.1% | 11.7% | ||
| Q3 24 | -6.2% | 13.9% | ||
| Q2 24 | 1.4% | 15.4% |
| Q1 26 | -8.1% | — | ||
| Q4 25 | -6.1% | 3.1% | ||
| Q3 25 | 19.2% | 19.0% | ||
| Q2 25 | -6.5% | 7.0% | ||
| Q1 25 | -7.5% | 9.0% | ||
| Q4 24 | 1.4% | -0.5% | ||
| Q3 24 | -6.8% | 6.9% | ||
| Q2 24 | 1.1% | 7.4% |
| Q1 26 | $-1.91 | — | ||
| Q4 25 | $-1.09 | $0.30 | ||
| Q3 25 | $3.72 | $1.73 | ||
| Q2 25 | $-1.14 | $0.63 | ||
| Q1 25 | $-1.22 | $0.77 | ||
| Q4 24 | $0.28 | $-0.05 | ||
| Q3 24 | $-1.24 | $0.63 | ||
| Q2 24 | $0.21 | $0.67 |
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 | $344.0M |
| Total DebtLower is stronger | — | $3.3B |
| Stockholders' EquityBook value | — | $1.2B |
| Total Assets | $3.9B | $7.0B |
| Debt / EquityLower = less leverage | — | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.0M | — | ||
| Q4 25 | $511.0M | $344.0M | ||
| Q3 25 | $670.0M | $282.5M | ||
| Q2 25 | $596.0M | $354.4M | ||
| Q1 25 | $695.0M | $335.2M | ||
| Q4 24 | $987.0M | $371.8M | ||
| Q3 24 | $534.0M | $386.0M | ||
| Q2 24 | $586.0M | $388.6M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $3.3B | ||
| Q3 25 | $1.8B | $4.0B | ||
| Q2 25 | $1.8B | $4.0B | ||
| Q1 25 | $1.9B | $4.2B | ||
| Q4 24 | $1.9B | $4.2B | ||
| Q3 24 | $1.6B | $4.3B | ||
| Q2 24 | $1.6B | $4.4B |
| Q1 26 | — | — | ||
| Q4 25 | $730.0M | $1.2B | ||
| Q3 25 | $840.0M | $1.2B | ||
| Q2 25 | $466.0M | $953.1M | ||
| Q1 25 | $580.0M | $797.9M | ||
| Q4 24 | $703.0M | $624.5M | ||
| Q3 24 | $675.0M | $771.2M | ||
| Q2 24 | $849.0M | $650.1M |
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.7B | $7.0B | ||
| Q3 25 | $4.0B | $7.1B | ||
| Q2 25 | $4.0B | $7.2B | ||
| Q1 25 | $4.3B | $7.0B | ||
| Q4 24 | $4.3B | $7.0B | ||
| Q3 24 | $3.9B | $7.3B | ||
| Q2 24 | $4.0B | $7.3B |
| Q1 26 | — | — | ||
| Q4 25 | 2.40× | 2.65× | ||
| Q3 25 | 2.17× | 3.34× | ||
| Q2 25 | 3.97× | 4.18× | ||
| Q1 25 | 3.29× | 5.26× | ||
| Q4 24 | 2.71× | 6.72× | ||
| Q3 24 | 2.33× | 5.62× | ||
| Q2 24 | 1.86× | 6.81× |
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 | — | $293.6M |
| Free Cash FlowOCF − Capex | $21.0M | $257.7M |
| FCF MarginFCF / Revenue | 1.1% | 18.5% |
| Capex IntensityCapex / Revenue | 1.5% | 2.6% |
| Cash ConversionOCF / Net Profit | — | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | — | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $0 | $293.6M | ||
| Q3 25 | $163.0M | $165.9M | ||
| Q2 25 | $176.0M | $136.6M | ||
| Q1 25 | $-195.0M | $31.9M | ||
| Q4 24 | $98.0M | $244.2M | ||
| Q3 24 | $48.0M | $170.5M | ||
| Q2 24 | $81.0M | $188.2M |
| Q1 26 | $21.0M | — | ||
| Q4 25 | — | $257.7M | ||
| Q3 25 | $125.0M | $119.6M | ||
| Q2 25 | $135.0M | $93.2M | ||
| Q1 25 | $-246.0M | $-12.0M | ||
| Q4 24 | $43.0M | $185.1M | ||
| Q3 24 | $14.0M | $115.2M | ||
| Q2 24 | $38.0M | $129.5M |
| Q1 26 | 1.1% | — | ||
| Q4 25 | — | 18.5% | ||
| Q3 25 | 6.4% | 8.9% | ||
| Q2 25 | 7.7% | 7.0% | ||
| Q1 25 | -14.9% | -0.9% | ||
| Q4 24 | 2.2% | 13.6% | ||
| Q3 24 | 0.8% | 8.6% | ||
| Q2 24 | 1.9% | 9.7% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 3.0% | 2.6% | ||
| Q3 25 | 2.0% | 3.4% | ||
| Q2 25 | 2.3% | 3.3% | ||
| Q1 25 | 3.1% | 3.5% | ||
| Q4 24 | 2.8% | 4.4% | ||
| Q3 24 | 1.9% | 4.1% | ||
| Q2 24 | 2.2% | 4.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.70× | ||
| Q3 25 | 0.44× | 0.65× | ||
| Q2 25 | — | 1.47× | ||
| Q1 25 | — | 0.28× | ||
| Q4 24 | 3.50× | — | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | 3.86× | 1.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVI
Segment breakdown not available.
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
