vs

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

CVR ENERGY INC is the larger business by last-quarter revenue ($2.0B vs $1.1B, roughly 1.8× Virtu Financial, Inc.). Virtu Financial, Inc. runs the higher net margin — 31.6% vs -8.1%, a 39.7% gap on every dollar of revenue. On growth, Virtu Financial, Inc. posted the faster year-over-year revenue change (30.7% vs 20.3%). Over the past eight quarters, Virtu Financial, Inc.'s revenue compounded faster (25.7% 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.

Virtu Financial, Inc. is an American high-frequency trading company. The company went public on the Nasdaq in 2015.

CVI vs VIRT — Head-to-Head

Bigger by revenue
CVI
CVI
1.8× larger
CVI
$2.0B
$1.1B
VIRT
Growing faster (revenue YoY)
VIRT
VIRT
+10.4% gap
VIRT
30.7%
20.3%
CVI
Higher net margin
VIRT
VIRT
39.7% more per $
VIRT
31.6%
-8.1%
CVI
Faster 2-yr revenue CAGR
VIRT
VIRT
Annualised
VIRT
25.7%
0.3%
CVI

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CVI
CVI
VIRT
VIRT
Revenue
$2.0B
$1.1B
Net Profit
$-160.0M
$346.6M
Gross Margin
-5.2%
Operating Margin
37.4%
Net Margin
-8.1%
31.6%
Revenue YoY
20.3%
30.7%
Net Profit YoY
-56.1%
82.8%
EPS (diluted)
$-1.91
$1.99

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
VIRT
VIRT
Q1 26
$2.0B
$1.1B
Q4 25
$1.8B
$969.9M
Q3 25
$1.9B
$824.8M
Q2 25
$1.8B
$999.6M
Q1 25
$1.6B
$837.9M
Q4 24
$1.9B
$834.3M
Q3 24
$1.8B
$706.8M
Q2 24
$2.0B
$693.0M
Net Profit
CVI
CVI
VIRT
VIRT
Q1 26
$-160.0M
$346.6M
Q4 25
$-110.0M
$139.9M
Q3 25
$374.0M
$77.6M
Q2 25
$-114.0M
$151.2M
Q1 25
$-123.0M
$99.7M
Q4 24
$28.0M
$94.1M
Q3 24
$-124.0M
$60.0M
Q2 24
$21.0M
$66.6M
Gross Margin
CVI
CVI
VIRT
VIRT
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%
Operating Margin
CVI
CVI
VIRT
VIRT
Q1 26
37.4%
Q4 25
-5.3%
35.4%
Q3 25
26.3%
21.8%
Q2 25
-5.8%
34.7%
Q1 25
-8.0%
26.7%
Q4 24
1.1%
24.3%
Q3 24
-6.2%
20.8%
Q2 24
1.4%
22.4%
Net Margin
CVI
CVI
VIRT
VIRT
Q1 26
-8.1%
31.6%
Q4 25
-6.1%
14.4%
Q3 25
19.2%
9.4%
Q2 25
-6.5%
15.1%
Q1 25
-7.5%
11.9%
Q4 24
1.4%
11.3%
Q3 24
-6.8%
8.5%
Q2 24
1.1%
9.6%
EPS (diluted)
CVI
CVI
VIRT
VIRT
Q1 26
$-1.91
$1.99
Q4 25
$-1.09
$1.54
Q3 25
$3.72
$0.86
Q2 25
$-1.14
$1.65
Q1 25
$-1.22
$1.08
Q4 24
$0.28
$1.03
Q3 24
$-1.24
$0.64
Q2 24
$0.21
$0.71

Balance Sheet & Financial Strength

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

Metric
CVI
CVI
VIRT
VIRT
Cash + ST InvestmentsLiquidity on hand
$512.0M
$973.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.2B
Total Assets
$3.9B
$25.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVI
CVI
VIRT
VIRT
Q1 26
$512.0M
$973.2M
Q4 25
$511.0M
$1.1B
Q3 25
$670.0M
$707.9M
Q2 25
$596.0M
$752.1M
Q1 25
$695.0M
$723.6M
Q4 24
$987.0M
$872.5M
Q3 24
$534.0M
$701.4M
Q2 24
$586.0M
$684.8M
Total Debt
CVI
CVI
VIRT
VIRT
Q1 26
Q4 25
$1.8B
$2.0B
Q3 25
$1.8B
$2.0B
Q2 25
$1.8B
$1.7B
Q1 25
$1.9B
$1.7B
Q4 24
$1.9B
$1.7B
Q3 24
$1.6B
$1.7B
Q2 24
$1.6B
$1.7B
Stockholders' Equity
CVI
CVI
VIRT
VIRT
Q1 26
$2.2B
Q4 25
$730.0M
$1.6B
Q3 25
$840.0M
$1.5B
Q2 25
$466.0M
$1.4B
Q1 25
$580.0M
$1.3B
Q4 24
$703.0M
$1.3B
Q3 24
$675.0M
$1.2B
Q2 24
$849.0M
$1.2B
Total Assets
CVI
CVI
VIRT
VIRT
Q1 26
$3.9B
$25.1B
Q4 25
$3.7B
$20.2B
Q3 25
$4.0B
$21.3B
Q2 25
$4.0B
$19.3B
Q1 25
$4.3B
$17.5B
Q4 24
$4.3B
$15.4B
Q3 24
$3.9B
$14.4B
Q2 24
$4.0B
$13.9B
Debt / Equity
CVI
CVI
VIRT
VIRT
Q1 26
Q4 25
2.40×
1.29×
Q3 25
2.17×
1.40×
Q2 25
3.97×
1.24×
Q1 25
3.29×
1.33×
Q4 24
2.71×
1.39×
Q3 24
2.33×
1.41×
Q2 24
1.86×
1.41×

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
VIRT
VIRT
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$21.0M
FCF MarginFCF / Revenue
1.1%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVI
CVI
VIRT
VIRT
Q1 26
Q4 25
$0
$518.4M
Q3 25
$163.0M
$-68.7M
Q2 25
$176.0M
$62.8M
Q1 25
$-195.0M
$15.0M
Q4 24
$98.0M
$599.0M
Q3 24
$48.0M
$112.1M
Q2 24
$81.0M
$490.8M
Free Cash Flow
CVI
CVI
VIRT
VIRT
Q1 26
$21.0M
Q4 25
$495.6M
Q3 25
$125.0M
$-76.7M
Q2 25
$135.0M
$57.6M
Q1 25
$-246.0M
$9.2M
Q4 24
$43.0M
$586.6M
Q3 24
$14.0M
$106.2M
Q2 24
$38.0M
$486.9M
FCF Margin
CVI
CVI
VIRT
VIRT
Q1 26
1.1%
Q4 25
51.1%
Q3 25
6.4%
-9.3%
Q2 25
7.7%
5.8%
Q1 25
-14.9%
1.1%
Q4 24
2.2%
70.3%
Q3 24
0.8%
15.0%
Q2 24
1.9%
70.3%
Capex Intensity
CVI
CVI
VIRT
VIRT
Q1 26
1.5%
Q4 25
3.0%
2.4%
Q3 25
2.0%
1.0%
Q2 25
2.3%
0.5%
Q1 25
3.1%
0.7%
Q4 24
2.8%
1.5%
Q3 24
1.9%
0.8%
Q2 24
2.2%
0.6%
Cash Conversion
CVI
CVI
VIRT
VIRT
Q1 26
Q4 25
3.71×
Q3 25
0.44×
-0.89×
Q2 25
0.42×
Q1 25
0.15×
Q4 24
3.50×
6.37×
Q3 24
1.87×
Q2 24
3.86×
7.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CVI
CVI

Segment breakdown not available.

VIRT
VIRT

Trading income, net$789.1M72%
Commissions, net and technology services$186.6M17%
Other$119.6M11%

Related Comparisons