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Side-by-side financial comparison of CVR ENERGY INC (CVI) and SHOPIFY INC. (SHOP). Click either name above to swap in a different company.
SHOPIFY INC. is the larger business by last-quarter revenue ($3.7B vs $2.0B, roughly 1.9× CVR ENERGY INC). SHOPIFY INC. runs the higher net margin — 20.2% vs -8.1%, a 28.3% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (30.6% vs 20.3%). SHOPIFY INC. produced more free cash flow last quarter ($715.0M vs $21.0M). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% 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.
Shopify Inc., stylized as shopify, is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario that operates a platform for retail point-of-sale systems. The company has over 5 million customers and processed US$292.3 billion in transactions in 2024, of which 57% was in the United States. Major customers include Tesla, LVMH, Nestlé, PepsiCo, AB InBev, Kraft Heinz, Lindt, Whole Foods Market, Red Bull, and Hyatt.
CVI vs SHOP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $3.7B |
| Net Profit | $-160.0M | $743.0M |
| Gross Margin | -5.2% | 46.1% |
| Operating Margin | — | 17.2% |
| Net Margin | -8.1% | 20.2% |
| Revenue YoY | 20.3% | 30.6% |
| Net Profit YoY | -56.1% | -42.5% |
| EPS (diluted) | $-1.91 | $0.58 |
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 | $3.7B | ||
| Q3 25 | $1.9B | $2.8B | ||
| Q2 25 | $1.8B | $2.7B | ||
| Q1 25 | $1.6B | $2.4B | ||
| Q4 24 | $1.9B | $2.8B | ||
| Q3 24 | $1.8B | $2.2B | ||
| Q2 24 | $2.0B | $2.0B |
| Q1 26 | $-160.0M | — | ||
| Q4 25 | $-110.0M | $743.0M | ||
| Q3 25 | $374.0M | $264.0M | ||
| Q2 25 | $-114.0M | $906.0M | ||
| Q1 25 | $-123.0M | $-682.0M | ||
| Q4 24 | $28.0M | $1.3B | ||
| Q3 24 | $-124.0M | $828.0M | ||
| Q2 24 | $21.0M | $171.0M |
| Q1 26 | -5.2% | — | ||
| Q4 25 | -3.1% | 46.1% | ||
| Q3 25 | 28.8% | 48.9% | ||
| Q2 25 | -3.7% | 48.6% | ||
| Q1 25 | -5.5% | 49.5% | ||
| Q4 24 | 3.0% | 48.1% | ||
| Q3 24 | -3.9% | 51.7% | ||
| Q2 24 | 2.9% | 51.1% |
| Q1 26 | — | — | ||
| Q4 25 | -5.3% | 17.2% | ||
| Q3 25 | 26.3% | 12.1% | ||
| Q2 25 | -5.8% | 10.9% | ||
| Q1 25 | -8.0% | 8.6% | ||
| Q4 24 | 1.1% | 16.5% | ||
| Q3 24 | -6.2% | 13.1% | ||
| Q2 24 | 1.4% | 11.8% |
| Q1 26 | -8.1% | — | ||
| Q4 25 | -6.1% | 20.2% | ||
| Q3 25 | 19.2% | 9.3% | ||
| Q2 25 | -6.5% | 33.8% | ||
| Q1 25 | -7.5% | -28.9% | ||
| Q4 24 | 1.4% | 46.0% | ||
| Q3 24 | -6.8% | 38.3% | ||
| Q2 24 | 1.1% | 8.4% |
| Q1 26 | $-1.91 | — | ||
| Q4 25 | $-1.09 | $0.58 | ||
| Q3 25 | $3.72 | $0.20 | ||
| Q2 25 | $-1.14 | $0.69 | ||
| Q1 25 | $-1.22 | $-0.53 | ||
| Q4 24 | $0.28 | $0.99 | ||
| Q3 24 | $-1.24 | $0.64 | ||
| Q2 24 | $0.21 | $0.13 |
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 | $5.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $13.5B |
| Total Assets | $3.9B | $15.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.0M | — | ||
| Q4 25 | $511.0M | $5.8B | ||
| Q3 25 | $670.0M | $6.3B | ||
| Q2 25 | $596.0M | $5.8B | ||
| Q1 25 | $695.0M | $5.5B | ||
| Q4 24 | $987.0M | $5.5B | ||
| Q3 24 | $534.0M | — | ||
| Q2 24 | $586.0M | — |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | $730.0M | $13.5B | ||
| Q3 25 | $840.0M | $12.5B | ||
| Q2 25 | $466.0M | $12.1B | ||
| Q1 25 | $580.0M | $11.1B | ||
| Q4 24 | $703.0M | $11.6B | ||
| Q3 24 | $675.0M | $10.1B | ||
| Q2 24 | $849.0M | $9.2B |
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.7B | $15.2B | ||
| Q3 25 | $4.0B | $15.0B | ||
| Q2 25 | $4.0B | $14.6B | ||
| Q1 25 | $4.3B | $13.4B | ||
| Q4 24 | $4.3B | $13.9B | ||
| Q3 24 | $3.9B | — | ||
| Q2 24 | $4.0B | — |
| Q1 26 | — | — | ||
| 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× | — |
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 | — | $725.0M |
| Free Cash FlowOCF − Capex | $21.0M | $715.0M |
| FCF MarginFCF / Revenue | 1.1% | 19.5% |
| Capex IntensityCapex / Revenue | 1.5% | 0.3% |
| Cash ConversionOCF / Net Profit | — | 0.98× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $0 | $725.0M | ||
| Q3 25 | $163.0M | $513.0M | ||
| Q2 25 | $176.0M | $428.0M | ||
| Q1 25 | $-195.0M | $367.0M | ||
| Q4 24 | $98.0M | $615.0M | ||
| Q3 24 | $48.0M | $423.0M | ||
| Q2 24 | $81.0M | $340.0M |
| Q1 26 | $21.0M | — | ||
| Q4 25 | — | $715.0M | ||
| Q3 25 | $125.0M | $507.0M | ||
| Q2 25 | $135.0M | $422.0M | ||
| Q1 25 | $-246.0M | $363.0M | ||
| Q4 24 | $43.0M | $611.0M | ||
| Q3 24 | $14.0M | $421.0M | ||
| Q2 24 | $38.0M | $333.0M |
| Q1 26 | 1.1% | — | ||
| Q4 25 | — | 19.5% | ||
| Q3 25 | 6.4% | 17.8% | ||
| Q2 25 | 7.7% | 15.7% | ||
| Q1 25 | -14.9% | 15.4% | ||
| Q4 24 | 2.2% | 21.7% | ||
| Q3 24 | 0.8% | 19.5% | ||
| Q2 24 | 1.9% | 16.3% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 3.0% | 0.3% | ||
| Q3 25 | 2.0% | 0.2% | ||
| Q2 25 | 2.3% | 0.2% | ||
| Q1 25 | 3.1% | 0.2% | ||
| Q4 24 | 2.8% | 0.1% | ||
| Q3 24 | 1.9% | 0.1% | ||
| Q2 24 | 2.2% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.98× | ||
| Q3 25 | 0.44× | 1.94× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.50× | 0.48× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | 3.86× | 1.99× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVI
Segment breakdown not available.
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
