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Side-by-side financial comparison of CVR ENERGY INC (CVI) and WATSCO INC (WSO). 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× WATSCO INC). WATSCO INC runs the higher net margin — 6.1% vs -8.1%, a 14.1% gap on every dollar of revenue. On growth, CVR ENERGY INC posted the faster year-over-year revenue change (20.3% vs 0.1%). Over the past eight quarters, CVR ENERGY INC's revenue compounded faster (0.3% CAGR vs -15.3%).
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.
Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the United States. Watsco was founded more than 60 years ago as a manufacturer of parts, components, and tools used in the HVAC/R industry. In 1989, the company shifted from manufacturing to distribution, by acquiring Gemaire Distributors Inc., a South Florida-based Rheem distributor.
CVI vs WSO — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $1.5B |
| Net Profit | $-160.0M | $92.9M |
| Gross Margin | -5.2% | 27.9% |
| Operating Margin | — | 7.2% |
| Net Margin | -8.1% | 6.1% |
| Revenue YoY | 20.3% | 0.1% |
| Net Profit YoY | -56.1% | -1.7% |
| EPS (diluted) | $-1.91 | — |
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 | $1.5B | ||
| Q4 25 | $1.8B | $1.6B | ||
| Q3 25 | $1.9B | $2.1B | ||
| Q2 25 | $1.8B | $2.1B | ||
| Q1 25 | $1.6B | $1.5B | ||
| Q4 24 | $1.9B | $1.8B | ||
| Q3 24 | $1.8B | $2.2B | ||
| Q2 24 | $2.0B | $2.1B |
| Q1 26 | $-160.0M | $92.9M | ||
| Q4 25 | $-110.0M | $71.7M | ||
| Q3 25 | $374.0M | $161.6M | ||
| Q2 25 | $-114.0M | $183.6M | ||
| Q1 25 | $-123.0M | $80.1M | ||
| Q4 24 | $28.0M | $96.8M | ||
| Q3 24 | $-124.0M | $171.0M | ||
| Q2 24 | $21.0M | $181.4M |
| Q1 26 | -5.2% | 27.9% | ||
| Q4 25 | -3.1% | 27.1% | ||
| Q3 25 | 28.8% | 27.5% | ||
| Q2 25 | -3.7% | 29.3% | ||
| Q1 25 | -5.5% | 28.1% | ||
| Q4 24 | 3.0% | 26.7% | ||
| Q3 24 | -3.9% | 26.2% | ||
| Q2 24 | 2.9% | 27.1% |
| Q1 26 | — | 7.2% | ||
| Q4 25 | -5.3% | 6.4% | ||
| Q3 25 | 26.3% | 11.4% | ||
| Q2 25 | -5.8% | 13.2% | ||
| Q1 25 | -8.0% | 7.3% | ||
| Q4 24 | 1.1% | 7.8% | ||
| Q3 24 | -6.2% | 11.6% | ||
| Q2 24 | 1.4% | 12.6% |
| Q1 26 | -8.1% | 6.1% | ||
| Q4 25 | -6.1% | 4.5% | ||
| Q3 25 | 19.2% | 7.8% | ||
| Q2 25 | -6.5% | 8.9% | ||
| Q1 25 | -7.5% | 5.2% | ||
| Q4 24 | 1.4% | 5.5% | ||
| Q3 24 | -6.8% | 7.9% | ||
| Q2 24 | 1.1% | 8.5% |
| Q1 26 | $-1.91 | — | ||
| Q4 25 | $-1.09 | $1.82 | ||
| Q3 25 | $3.72 | $3.98 | ||
| Q2 25 | $-1.14 | $4.52 | ||
| Q1 25 | $-1.22 | $1.93 | ||
| Q4 24 | $0.28 | $2.42 | ||
| Q3 24 | $-1.24 | $4.22 | ||
| Q2 24 | $0.21 | $4.49 |
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 | $392.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $3.2B |
| Total Assets | $3.9B | $4.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $512.0M | $392.7M | ||
| Q4 25 | $511.0M | $733.3M | ||
| Q3 25 | $670.0M | $524.3M | ||
| Q2 25 | $596.0M | $293.0M | ||
| Q1 25 | $695.0M | $431.8M | ||
| Q4 24 | $987.0M | $781.9M | ||
| Q3 24 | $534.0M | $550.0M | ||
| Q2 24 | $586.0M | $424.9M |
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $361.6M | ||
| Q3 25 | $1.8B | $340.8M | ||
| Q2 25 | $1.8B | $338.7M | ||
| Q1 25 | $1.9B | $346.4M | ||
| Q4 24 | $1.9B | $337.2M | ||
| Q3 24 | $1.6B | $321.0M | ||
| Q2 24 | $1.6B | $307.1M |
| Q1 26 | — | $3.2B | ||
| Q4 25 | $730.0M | $2.8B | ||
| Q3 25 | $840.0M | $2.8B | ||
| Q2 25 | $466.0M | $2.8B | ||
| Q1 25 | $580.0M | $2.7B | ||
| Q4 24 | $703.0M | $2.7B | ||
| Q3 24 | $675.0M | $2.7B | ||
| Q2 24 | $849.0M | $2.6B |
| Q1 26 | $3.9B | $4.6B | ||
| Q4 25 | $3.7B | $4.4B | ||
| Q3 25 | $4.0B | $4.6B | ||
| Q2 25 | $4.0B | $4.7B | ||
| Q1 25 | $4.3B | $4.5B | ||
| Q4 24 | $4.3B | $4.5B | ||
| Q3 24 | $3.9B | $4.5B | ||
| Q2 24 | $4.0B | $4.4B |
| Q1 26 | — | — | ||
| Q4 25 | 2.40× | 0.13× | ||
| Q3 25 | 2.17× | 0.12× | ||
| Q2 25 | 3.97× | 0.12× | ||
| Q1 25 | 3.29× | 0.13× | ||
| Q4 24 | 2.71× | 0.13× | ||
| Q3 24 | 2.33× | 0.12× | ||
| Q2 24 | 1.86× | 0.12× |
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 | — | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $0 | $399.8M | ||
| Q3 25 | $163.0M | $354.9M | ||
| Q2 25 | $176.0M | $-7.4M | ||
| Q1 25 | $-195.0M | $-177.6M | ||
| Q4 24 | $98.0M | $378.9M | ||
| Q3 24 | $48.0M | $232.8M | ||
| Q2 24 | $81.0M | $57.7M |
| Q1 26 | $21.0M | — | ||
| Q4 25 | — | $388.5M | ||
| Q3 25 | $125.0M | $346.1M | ||
| Q2 25 | $135.0M | $-14.3M | ||
| Q1 25 | $-246.0M | $-185.2M | ||
| Q4 24 | $43.0M | $370.9M | ||
| Q3 24 | $14.0M | $223.0M | ||
| Q2 24 | $38.0M | $51.3M |
| Q1 26 | 1.1% | — | ||
| Q4 25 | — | 24.6% | ||
| Q3 25 | 6.4% | 16.7% | ||
| Q2 25 | 7.7% | -0.7% | ||
| Q1 25 | -14.9% | -12.1% | ||
| Q4 24 | 2.2% | 21.1% | ||
| Q3 24 | 0.8% | 10.3% | ||
| Q2 24 | 1.9% | 2.4% |
| Q1 26 | 1.5% | — | ||
| Q4 25 | 3.0% | 0.7% | ||
| Q3 25 | 2.0% | 0.4% | ||
| Q2 25 | 2.3% | 0.3% | ||
| Q1 25 | 3.1% | 0.5% | ||
| Q4 24 | 2.8% | 0.5% | ||
| Q3 24 | 1.9% | 0.5% | ||
| Q2 24 | 2.2% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.57× | ||
| Q3 25 | 0.44× | 2.20× | ||
| Q2 25 | — | -0.04× | ||
| Q1 25 | — | -2.22× | ||
| Q4 24 | 3.50× | 3.91× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | 3.86× | 0.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
