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Side-by-side financial comparison of CVR ENERGY INC (CVI) and Snap Inc (SNAP). Click either name above to swap in a different company.

CVR ENERGY INC is the larger business by last-quarter revenue ($2.0B vs $1.7B, roughly 1.2× Snap Inc). Snap Inc runs the higher net margin — 2.6% vs -8.1%, a 10.7% gap on every dollar of revenue. On growth, CVR ENERGY INC posted the faster year-over-year revenue change (20.3% vs 10.2%). Snap Inc produced more free cash flow last quarter ($205.6M vs $21.0M). Over the past eight quarters, Snap Inc's revenue compounded faster (19.9% 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.

Snap Inc. is an American technology company, founded on September 16, 2011, by Evan Spiegel, Bobby Murphy, and Reggie Brown, based in Santa Monica, California. The company developed and maintains technological products and services, namely Snapchat, Spectacles, Bitmoji, and SnapBoost. The company was named Snapchat Inc. at its inception, but it was rebranded Snap Inc. on September 24, 2016, to include the Spectacles product under the company name.

CVI vs SNAP — Head-to-Head

Bigger by revenue
CVI
CVI
1.2× larger
CVI
$2.0B
$1.7B
SNAP
Growing faster (revenue YoY)
CVI
CVI
+10.1% gap
CVI
20.3%
10.2%
SNAP
Higher net margin
SNAP
SNAP
10.7% more per $
SNAP
2.6%
-8.1%
CVI
More free cash flow
SNAP
SNAP
$184.6M more FCF
SNAP
$205.6M
$21.0M
CVI
Faster 2-yr revenue CAGR
SNAP
SNAP
Annualised
SNAP
19.9%
0.3%
CVI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CVI
CVI
SNAP
SNAP
Revenue
$2.0B
$1.7B
Net Profit
$-160.0M
$45.2M
Gross Margin
-5.2%
59.1%
Operating Margin
2.9%
Net Margin
-8.1%
2.6%
Revenue YoY
20.3%
10.2%
Net Profit YoY
-56.1%
396.7%
EPS (diluted)
$-1.91
$0.03

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
SNAP
SNAP
Q1 26
$2.0B
Q4 25
$1.8B
$1.7B
Q3 25
$1.9B
$1.5B
Q2 25
$1.8B
$1.3B
Q1 25
$1.6B
$1.4B
Q4 24
$1.9B
$1.6B
Q3 24
$1.8B
$1.4B
Q2 24
$2.0B
$1.2B
Net Profit
CVI
CVI
SNAP
SNAP
Q1 26
$-160.0M
Q4 25
$-110.0M
$45.2M
Q3 25
$374.0M
$-103.5M
Q2 25
$-114.0M
$-262.6M
Q1 25
$-123.0M
$-139.6M
Q4 24
$28.0M
$9.1M
Q3 24
$-124.0M
$-153.2M
Q2 24
$21.0M
$-248.6M
Gross Margin
CVI
CVI
SNAP
SNAP
Q1 26
-5.2%
Q4 25
-3.1%
59.1%
Q3 25
28.8%
55.3%
Q2 25
-3.7%
51.4%
Q1 25
-5.5%
53.1%
Q4 24
3.0%
56.9%
Q3 24
-3.9%
53.5%
Q2 24
2.9%
52.4%
Operating Margin
CVI
CVI
SNAP
SNAP
Q1 26
Q4 25
-5.3%
2.9%
Q3 25
26.3%
-8.5%
Q2 25
-5.8%
-19.3%
Q1 25
-8.0%
-14.2%
Q4 24
1.1%
-1.7%
Q3 24
-6.2%
-12.6%
Q2 24
1.4%
-20.5%
Net Margin
CVI
CVI
SNAP
SNAP
Q1 26
-8.1%
Q4 25
-6.1%
2.6%
Q3 25
19.2%
-6.9%
Q2 25
-6.5%
-19.5%
Q1 25
-7.5%
-10.2%
Q4 24
1.4%
0.6%
Q3 24
-6.8%
-11.2%
Q2 24
1.1%
-20.1%
EPS (diluted)
CVI
CVI
SNAP
SNAP
Q1 26
$-1.91
Q4 25
$-1.09
$0.03
Q3 25
$3.72
$-0.06
Q2 25
$-1.14
$-0.16
Q1 25
$-1.22
$-0.08
Q4 24
$0.28
$0.01
Q3 24
$-1.24
$-0.09
Q2 24
$0.21
$-0.15

Balance Sheet & Financial Strength

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

Metric
CVI
CVI
SNAP
SNAP
Cash + ST InvestmentsLiquidity on hand
$512.0M
$2.9B
Total DebtLower is stronger
$3.5B
Stockholders' EquityBook value
$2.3B
Total Assets
$3.9B
$7.7B
Debt / EquityLower = less leverage
1.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVI
CVI
SNAP
SNAP
Q1 26
$512.0M
Q4 25
$511.0M
$2.9B
Q3 25
$670.0M
$3.0B
Q2 25
$596.0M
$2.9B
Q1 25
$695.0M
$3.2B
Q4 24
$987.0M
$3.4B
Q3 24
$534.0M
$3.2B
Q2 24
$586.0M
$3.1B
Total Debt
CVI
CVI
SNAP
SNAP
Q1 26
Q4 25
$1.8B
$3.5B
Q3 25
$1.8B
$3.5B
Q2 25
$1.8B
$3.6B
Q1 25
$1.9B
$3.6B
Q4 24
$1.9B
$3.6B
Q3 24
$1.6B
$3.6B
Q2 24
$1.6B
$3.6B
Stockholders' Equity
CVI
CVI
SNAP
SNAP
Q1 26
Q4 25
$730.0M
$2.3B
Q3 25
$840.0M
$2.2B
Q2 25
$466.0M
$2.1B
Q1 25
$580.0M
$2.3B
Q4 24
$703.0M
$2.5B
Q3 24
$675.0M
$2.2B
Q2 24
$849.0M
$2.1B
Total Assets
CVI
CVI
SNAP
SNAP
Q1 26
$3.9B
Q4 25
$3.7B
$7.7B
Q3 25
$4.0B
$7.6B
Q2 25
$4.0B
$7.4B
Q1 25
$4.3B
$7.6B
Q4 24
$4.3B
$7.9B
Q3 24
$3.9B
$7.6B
Q2 24
$4.0B
$7.4B
Debt / Equity
CVI
CVI
SNAP
SNAP
Q1 26
Q4 25
2.40×
1.55×
Q3 25
2.17×
1.59×
Q2 25
3.97×
1.73×
Q1 25
3.29×
1.56×
Q4 24
2.71×
1.49×
Q3 24
2.33×
1.65×
Q2 24
1.86×
1.76×

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
SNAP
SNAP
Operating Cash FlowLast quarter
$269.6M
Free Cash FlowOCF − Capex
$21.0M
$205.6M
FCF MarginFCF / Revenue
1.1%
12.0%
Capex IntensityCapex / Revenue
1.5%
3.7%
Cash ConversionOCF / Net Profit
5.96×
TTM Free Cash FlowTrailing 4 quarters
$437.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVI
CVI
SNAP
SNAP
Q1 26
Q4 25
$0
$269.6M
Q3 25
$163.0M
$146.5M
Q2 25
$176.0M
$88.5M
Q1 25
$-195.0M
$151.6M
Q4 24
$98.0M
$230.6M
Q3 24
$48.0M
$115.9M
Q2 24
$81.0M
$-21.4M
Free Cash Flow
CVI
CVI
SNAP
SNAP
Q1 26
$21.0M
Q4 25
$205.6M
Q3 25
$125.0M
$93.4M
Q2 25
$135.0M
$23.8M
Q1 25
$-246.0M
$114.4M
Q4 24
$43.0M
$182.4M
Q3 24
$14.0M
$71.8M
Q2 24
$38.0M
$-73.4M
FCF Margin
CVI
CVI
SNAP
SNAP
Q1 26
1.1%
Q4 25
12.0%
Q3 25
6.4%
6.2%
Q2 25
7.7%
1.8%
Q1 25
-14.9%
8.4%
Q4 24
2.2%
11.7%
Q3 24
0.8%
5.2%
Q2 24
1.9%
-5.9%
Capex Intensity
CVI
CVI
SNAP
SNAP
Q1 26
1.5%
Q4 25
3.0%
3.7%
Q3 25
2.0%
3.5%
Q2 25
2.3%
4.8%
Q1 25
3.1%
2.7%
Q4 24
2.8%
3.1%
Q3 24
1.9%
3.2%
Q2 24
2.2%
4.2%
Cash Conversion
CVI
CVI
SNAP
SNAP
Q1 26
Q4 25
5.96×
Q3 25
0.44×
Q2 25
Q1 25
Q4 24
3.50×
25.34×
Q3 24
Q2 24
3.86×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CVI
CVI

Segment breakdown not available.

SNAP
SNAP

Advertising Revenue$1.5B86%
Other Revenue$231.9M14%

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