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Side-by-side financial comparison of Purple Innovation, Inc. (PRPL) and CVR PARTNERS, LP (UAN). Click either name above to swap in a different company.
CVR PARTNERS, LP is the larger business by last-quarter revenue ($180.0M vs $140.7M, roughly 1.3× Purple Innovation, Inc.). CVR PARTNERS, LP runs the higher net margin — 27.7% vs -2.3%, a 30.0% gap on every dollar of revenue. On growth, CVR PARTNERS, LP posted the faster year-over-year revenue change (26.0% vs 9.1%). Over the past eight quarters, CVR PARTNERS, LP's revenue compounded faster (16.4% CAGR vs 8.3%).
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
CVR Partners, LP is a leading North American producer of nitrogen-based fertilizer products, primarily urea ammonium nitrate (UAN) and ammonia. It serves agricultural, industrial and commercial markets across the U.S. and Canada, delivering cost-effective, high-quality nutrient solutions for crop production and diverse industrial use cases.
PRPL vs UAN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $140.7M | $180.0M |
| Net Profit | $-3.2M | $49.9M |
| Gross Margin | 41.9% | 37.5% |
| Operating Margin | -1.6% | 32.0% |
| Net Margin | -2.3% | 27.7% |
| Revenue YoY | 9.1% | 26.0% |
| Net Profit YoY | 62.1% | 84.3% |
| EPS (diluted) | $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.
| Q1 26 | — | $180.0M | ||
| Q4 25 | $140.7M | $131.1M | ||
| Q3 25 | $118.8M | $163.5M | ||
| Q2 25 | $105.1M | $168.6M | ||
| Q1 25 | $104.2M | $142.9M | ||
| Q4 24 | $129.0M | $139.6M | ||
| Q3 24 | $118.6M | $125.2M | ||
| Q2 24 | $120.3M | $132.9M |
| Q1 26 | — | $49.9M | ||
| Q4 25 | $-3.2M | $-10.3M | ||
| Q3 25 | $-11.7M | $43.1M | ||
| Q2 25 | $-17.3M | $38.8M | ||
| Q1 25 | $-19.1M | $27.1M | ||
| Q4 24 | $-8.5M | $18.3M | ||
| Q3 24 | $-39.2M | $3.8M | ||
| Q2 24 | $27.0K | $26.2M |
| Q1 26 | — | 37.5% | ||
| Q4 25 | 41.9% | 4.4% | ||
| Q3 25 | 42.8% | 37.0% | ||
| Q2 25 | 35.9% | 32.4% | ||
| Q1 25 | 39.4% | 29.7% | ||
| Q4 24 | 42.9% | 23.8% | ||
| Q3 24 | 29.7% | 14.7% | ||
| Q2 24 | 40.7% | 30.0% |
| Q1 26 | — | 32.0% | ||
| Q4 25 | -1.6% | -2.2% | ||
| Q3 25 | -10.2% | 31.0% | ||
| Q2 25 | -13.5% | 27.5% | ||
| Q1 25 | -13.9% | 24.2% | ||
| Q4 24 | -6.0% | 18.4% | ||
| Q3 24 | -39.5% | 8.8% | ||
| Q2 24 | -12.1% | 25.3% |
| Q1 26 | — | 27.7% | ||
| Q4 25 | -2.3% | -7.8% | ||
| Q3 25 | -9.9% | 26.3% | ||
| Q2 25 | -16.5% | 23.0% | ||
| Q1 25 | -18.4% | 19.0% | ||
| Q4 24 | -6.6% | 13.1% | ||
| Q3 24 | -33.1% | 3.0% | ||
| Q2 24 | 0.0% | 19.7% |
| Q1 26 | — | — | ||
| Q4 25 | $0.03 | $-0.98 | ||
| Q3 25 | $0.11 | $4.08 | ||
| Q2 25 | $0.16 | $3.67 | ||
| Q1 25 | $0.18 | $2.56 | ||
| Q4 24 | $0.08 | $1.73 | ||
| Q3 24 | $0.36 | $0.36 | ||
| Q2 24 | $0.00 | $2.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $24.3M | $128.1M |
| Total DebtLower is stronger | $126.7M | — |
| Stockholders' EquityBook value | $-29.7M | — |
| Total Assets | $296.3M | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.1M | ||
| Q4 25 | $24.3M | $69.2M | ||
| Q3 25 | $32.4M | $156.2M | ||
| Q2 25 | $34.2M | $114.4M | ||
| Q1 25 | $21.6M | $121.8M | ||
| Q4 24 | $29.0M | $90.9M | ||
| Q3 24 | $23.4M | $110.5M | ||
| Q2 24 | $23.4M | $47.5M |
| Q1 26 | — | — | ||
| Q4 25 | $126.7M | $569.1M | ||
| Q3 25 | — | $569.1M | ||
| Q2 25 | — | $569.2M | ||
| Q1 25 | — | $569.3M | ||
| Q4 24 | $70.7M | $568.0M | ||
| Q3 24 | $50.8M | $547.7M | ||
| Q2 24 | — | $547.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-29.7M | — | ||
| Q3 25 | $-26.9M | — | ||
| Q2 25 | $-15.6M | — | ||
| Q1 25 | $1.3M | — | ||
| Q4 24 | $20.2M | — | ||
| Q3 24 | $28.0M | — | ||
| Q2 24 | $66.4M | — |
| Q1 26 | — | $1.0B | ||
| Q4 25 | $296.3M | $969.5M | ||
| Q3 25 | $302.1M | $1.0B | ||
| Q2 25 | $303.8M | $998.0M | ||
| Q1 25 | $293.8M | $1.0B | ||
| Q4 24 | $307.8M | $1.0B | ||
| Q3 24 | $309.3M | $986.6M | ||
| Q2 24 | $362.1M | $959.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.50× | — | ||
| Q3 24 | 1.82× | — | ||
| Q2 24 | — | — |
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 | $-5.8M | — |
| Free Cash FlowOCF − Capex | $-7.8M | — |
| FCF MarginFCF / Revenue | -5.5% | — |
| Capex IntensityCapex / Revenue | 1.4% | 7.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-41.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-5.8M | $-21.6M | ||
| Q3 25 | $-968.0K | $91.7M | ||
| Q2 25 | $-4.0M | $24.1M | ||
| Q1 25 | $-23.1M | $55.4M | ||
| Q4 24 | $6.8M | $12.8M | ||
| Q3 24 | $1.1M | $86.7M | ||
| Q2 24 | $-8.9M | $8.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-7.8M | $-45.2M | ||
| Q3 25 | $-1.8M | $80.1M | ||
| Q2 25 | $-7.0M | $18.4M | ||
| Q1 25 | $-25.3M | $45.5M | ||
| Q4 24 | $5.7M | $-5.6M | ||
| Q3 24 | $101.0K | $82.3M | ||
| Q2 24 | $-11.0M | $2.4M |
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | -34.5% | ||
| Q3 25 | -1.5% | 49.0% | ||
| Q2 25 | -6.6% | 10.9% | ||
| Q1 25 | -24.3% | 31.9% | ||
| Q4 24 | 4.4% | -4.0% | ||
| Q3 24 | 0.1% | 65.7% | ||
| Q2 24 | -9.2% | 1.8% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | 1.4% | 18.0% | ||
| Q3 25 | 0.7% | 7.1% | ||
| Q2 25 | 2.8% | 3.4% | ||
| Q1 25 | 2.2% | 6.9% | ||
| Q4 24 | 0.8% | 13.1% | ||
| Q3 24 | 0.9% | 3.6% | ||
| Q2 24 | 1.7% | 4.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.13× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 2.04× | ||
| Q4 24 | — | 0.70× | ||
| Q3 24 | — | 22.78× | ||
| Q2 24 | -330.22× | 0.33× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
UAN
| Fertilizer sales | $166.1M | 92% |
| Other | $14.0M | 8% |
