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Side-by-side financial comparison of Thryv Holdings, Inc. (THRY) and CVR PARTNERS, LP (UAN). Click either name above to swap in a different company.

Thryv Holdings, Inc. is the larger business by last-quarter revenue ($191.6M vs $180.0M, roughly 1.1× CVR PARTNERS, LP). CVR PARTNERS, LP runs the higher net margin — 27.7% vs -5.0%, a 32.8% gap on every dollar of revenue. On growth, CVR PARTNERS, LP posted the faster year-over-year revenue change (26.0% vs 2.7%). Over the past eight quarters, CVR PARTNERS, LP's revenue compounded faster (16.4% CAGR vs -9.4%).

Thryv Holdings, Inc. is a publicly traded software as a service (SaaS) company, providing customer relationship management and online reputation management software for small businesses. It has headquarters in Dallas, Texas, and operates in 48 states across the United States of America with more than 2,400 employees. The company began as a conglomerate of Yellow Pages companies. In June 2020, Thryv reported $1.3 billion in revenue over a twelve-month period.

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.

THRY vs UAN — Head-to-Head

Bigger by revenue
THRY
THRY
1.1× larger
THRY
$191.6M
$180.0M
UAN
Growing faster (revenue YoY)
UAN
UAN
+23.3% gap
UAN
26.0%
2.7%
THRY
Higher net margin
UAN
UAN
32.8% more per $
UAN
27.7%
-5.0%
THRY
Faster 2-yr revenue CAGR
UAN
UAN
Annualised
UAN
16.4%
-9.4%
THRY

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
THRY
THRY
UAN
UAN
Revenue
$191.6M
$180.0M
Net Profit
$-9.7M
$49.9M
Gross Margin
68.0%
37.5%
Operating Margin
5.3%
32.0%
Net Margin
-5.0%
27.7%
Revenue YoY
2.7%
26.0%
Net Profit YoY
-222.5%
84.3%
EPS (diluted)
$-0.21

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
THRY
THRY
UAN
UAN
Q1 26
$180.0M
Q4 25
$191.6M
$131.1M
Q3 25
$201.6M
$163.5M
Q2 25
$210.5M
$168.6M
Q1 25
$181.4M
$142.9M
Q4 24
$186.6M
$139.6M
Q3 24
$179.9M
$125.2M
Q2 24
$224.1M
$132.9M
Net Profit
THRY
THRY
UAN
UAN
Q1 26
$49.9M
Q4 25
$-9.7M
$-10.3M
Q3 25
$5.7M
$43.1M
Q2 25
$13.9M
$38.8M
Q1 25
$-9.6M
$27.1M
Q4 24
$7.9M
$18.3M
Q3 24
$-96.1M
$3.8M
Q2 24
$5.5M
$26.2M
Gross Margin
THRY
THRY
UAN
UAN
Q1 26
37.5%
Q4 25
68.0%
4.4%
Q3 25
67.7%
37.0%
Q2 25
69.7%
32.4%
Q1 25
65.8%
29.7%
Q4 24
65.9%
23.8%
Q3 24
62.3%
14.7%
Q2 24
66.3%
30.0%
Operating Margin
THRY
THRY
UAN
UAN
Q1 26
32.0%
Q4 25
5.3%
-2.2%
Q3 25
9.9%
31.0%
Q2 25
14.0%
27.5%
Q1 25
-1.7%
24.2%
Q4 24
-3.9%
18.4%
Q3 24
-49.2%
8.8%
Q2 24
14.0%
25.3%
Net Margin
THRY
THRY
UAN
UAN
Q1 26
27.7%
Q4 25
-5.0%
-7.8%
Q3 25
2.8%
26.3%
Q2 25
6.6%
23.0%
Q1 25
-5.3%
19.0%
Q4 24
4.2%
13.1%
Q3 24
-53.4%
3.0%
Q2 24
2.5%
19.7%
EPS (diluted)
THRY
THRY
UAN
UAN
Q1 26
Q4 25
$-0.21
$-0.98
Q3 25
$0.13
$4.08
Q2 25
$0.31
$3.67
Q1 25
$-0.22
$2.56
Q4 24
$0.28
$1.73
Q3 24
$-2.65
$0.36
Q2 24
$0.15
$2.48

Balance Sheet & Financial Strength

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

Metric
THRY
THRY
UAN
UAN
Cash + ST InvestmentsLiquidity on hand
$10.8M
$128.1M
Total DebtLower is stronger
$253.5M
Stockholders' EquityBook value
$218.1M
Total Assets
$688.6M
$1.0B
Debt / EquityLower = less leverage
1.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
THRY
THRY
UAN
UAN
Q1 26
$128.1M
Q4 25
$10.8M
$69.2M
Q3 25
$11.6M
$156.2M
Q2 25
$10.8M
$114.4M
Q1 25
$11.0M
$121.8M
Q4 24
$16.3M
$90.9M
Q3 24
$12.5M
$110.5M
Q2 24
$15.5M
$47.5M
Total Debt
THRY
THRY
UAN
UAN
Q1 26
Q4 25
$253.5M
$569.1M
Q3 25
$268.2M
$569.1M
Q2 25
$275.6M
$569.2M
Q1 25
$299.0M
$569.3M
Q4 24
$284.3M
$568.0M
Q3 24
$307.8M
$547.7M
Q2 24
$342.1M
$547.6M
Stockholders' Equity
THRY
THRY
UAN
UAN
Q1 26
Q4 25
$218.1M
Q3 25
$221.1M
Q2 25
$214.9M
Q1 25
$193.2M
Q4 24
$196.9M
Q3 24
$94.5M
Q2 24
$183.1M
Total Assets
THRY
THRY
UAN
UAN
Q1 26
$1.0B
Q4 25
$688.6M
$969.5M
Q3 25
$701.8M
$1.0B
Q2 25
$687.7M
$998.0M
Q1 25
$703.7M
$1.0B
Q4 24
$712.2M
$1.0B
Q3 24
$654.8M
$986.6M
Q2 24
$785.5M
$959.4M
Debt / Equity
THRY
THRY
UAN
UAN
Q1 26
Q4 25
1.16×
Q3 25
1.21×
Q2 25
1.28×
Q1 25
1.55×
Q4 24
1.44×
Q3 24
3.26×
Q2 24
1.87×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
THRY
THRY
UAN
UAN
Operating Cash FlowLast quarter
$22.2M
Free Cash FlowOCF − Capex
$12.3M
FCF MarginFCF / Revenue
6.4%
Capex IntensityCapex / Revenue
5.2%
7.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$31.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
THRY
THRY
UAN
UAN
Q1 26
Q4 25
$22.2M
$-21.6M
Q3 25
$22.2M
$91.7M
Q2 25
$29.6M
$24.1M
Q1 25
$-10.5M
$55.4M
Q4 24
$26.1M
$12.8M
Q3 24
$36.0M
$86.7M
Q2 24
$22.2M
$8.6M
Free Cash Flow
THRY
THRY
UAN
UAN
Q1 26
Q4 25
$12.3M
$-45.2M
Q3 25
$14.6M
$80.1M
Q2 25
$21.8M
$18.4M
Q1 25
$-17.6M
$45.5M
Q4 24
$17.3M
$-5.6M
Q3 24
$27.5M
$82.3M
Q2 24
$13.3M
$2.4M
FCF Margin
THRY
THRY
UAN
UAN
Q1 26
Q4 25
6.4%
-34.5%
Q3 25
7.2%
49.0%
Q2 25
10.4%
10.9%
Q1 25
-9.7%
31.9%
Q4 24
9.3%
-4.0%
Q3 24
15.3%
65.7%
Q2 24
5.9%
1.8%
Capex Intensity
THRY
THRY
UAN
UAN
Q1 26
7.6%
Q4 25
5.2%
18.0%
Q3 25
3.8%
7.1%
Q2 25
3.7%
3.4%
Q1 25
3.9%
6.9%
Q4 24
4.7%
13.1%
Q3 24
4.7%
3.6%
Q2 24
4.0%
4.6%
Cash Conversion
THRY
THRY
UAN
UAN
Q1 26
Q4 25
Q3 25
3.93×
2.13×
Q2 25
2.12×
0.62×
Q1 25
2.04×
Q4 24
3.32×
0.70×
Q3 24
22.78×
Q2 24
4.01×
0.33×

Financial Flow Comparison

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

Revenue Breakdown by Segment

THRY
THRY

Software As A Service$119.0M62%
Print$56.2M29%
Digital$16.4M9%

UAN
UAN

Fertilizer sales$166.1M92%
Other$14.0M8%

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