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CVR ENERGY INC（CVI）与Delek US Holdings, Inc.（DK）财务数据对比。点击上方公司名可切换其他公司
Delek US Holdings, Inc.的季度营收约是CVR ENERGY INC的1.3倍（$2.4B vs $1.8B）。Delek US Holdings, Inc.净利率更高（3.2% vs -6.1%，领先9.3%）。Delek US Holdings, Inc.同比增速更快（2.3% vs -7.0%）。过去两年CVR ENERGY INC的营收复合增速更高（-1.4% vs -11.9%）
CVR能源是总部位于美国的能源控股企业，主营石油炼制与氮肥制造两大核心业务，生产汽油、柴油、航空燃油及农用化肥等产品，主要面向北美地区的商业、工业及农业客户供货。
Delek US Holdings, Inc.成立于2001年，总部位于美国田纳西州布伦特伍德，是一家深耕炼油、物流及生物燃料领域的能源企业，业务覆盖能源产业链上下游相关环节，为市场提供稳定的能源相关产品与配套服务。
CVI vs DK — 直观对比
营收规模更大
DK
是对方的1.3倍
$1.8B
营收增速更快
DK
高出9.3%
-7.0%
净利率更高
DK
高出9.3%
-6.1%
两年增速更快
CVI
近两年复合增速
-11.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.4B |
| 净利润 | $-110.0M | $78.3M |
| 毛利率 | -3.1% | 9.3% |
| 营业利润率 | -5.3% | 6.8% |
| 净利率 | -6.1% | 3.2% |
| 营收同比 | -7.0% | 2.3% |
| 净利润同比 | -492.9% | 118.9% |
| 每股收益（稀释后） | $-1.09 | $1.23 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CVIDK
| Q4 25 | $1.8B | $2.4B | ||
| Q3 25 | $1.9B | $2.9B | ||
| Q2 25 | $1.8B | $2.8B | ||
| Q1 25 | $1.6B | $2.6B | ||
| Q4 24 | $1.9B | $2.4B | ||
| Q3 24 | $1.8B | $3.0B | ||
| Q2 24 | $2.0B | $3.3B | ||
| Q1 24 | $1.9B | $3.1B |
净利润CVIDK
| Q4 25 | $-110.0M | $78.3M | ||
| Q3 25 | $374.0M | $178.0M | ||
| Q2 25 | $-114.0M | $-106.4M | ||
| Q1 25 | $-123.0M | $-172.7M | ||
| Q4 24 | $28.0M | $-413.8M | ||
| Q3 24 | $-124.0M | $-76.8M | ||
| Q2 24 | $21.0M | $-37.2M | ||
| Q1 24 | $82.0M | $-32.6M |
毛利率CVIDK
| Q4 25 | -3.1% | 9.3% | ||
| Q3 25 | 28.8% | 13.8% | ||
| Q2 25 | -3.7% | 1.9% | ||
| Q1 25 | -5.5% | -2.4% | ||
| Q4 24 | 3.0% | -5.7% | ||
| Q3 24 | -3.9% | -0.7% | ||
| Q2 24 | 2.9% | 0.5% | ||
| Q1 24 | 8.6% | 3.0% |
营业利润率CVIDK
| Q4 25 | -5.3% | 6.8% | ||
| Q3 25 | 26.3% | 10.2% | ||
| Q2 25 | -5.8% | -1.2% | ||
| Q1 25 | -8.0% | -4.8% | ||
| Q4 24 | 1.1% | -17.0% | ||
| Q3 24 | -6.2% | -4.0% | ||
| Q2 24 | 1.4% | 0.1% | ||
| Q1 24 | 6.6% | 0.9% |
净利率CVIDK
| Q4 25 | -6.1% | 3.2% | ||
| Q3 25 | 19.2% | 6.2% | ||
| Q2 25 | -6.5% | -3.8% | ||
| Q1 25 | -7.5% | -6.5% | ||
| Q4 24 | 1.4% | -17.4% | ||
| Q3 24 | -6.8% | -2.5% | ||
| Q2 24 | 1.1% | -1.1% | ||
| Q1 24 | 4.4% | -1.0% |
每股收益（稀释后）CVIDK
| Q4 25 | $-1.09 | $1.23 | ||
| Q3 25 | $3.72 | $2.93 | ||
| Q2 25 | $-1.14 | $-1.76 | ||
| Q1 25 | $-1.22 | $-2.78 | ||
| Q4 24 | $0.28 | $-6.48 | ||
| Q3 24 | $-1.24 | $-1.20 | ||
| Q2 24 | $0.21 | $-0.58 | ||
| Q1 24 | $0.81 | $-0.51 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $511.0M | $625.8M |
| 总债务越低越好 | $1.8B | $3.2B |
| 股东权益账面价值 | $730.0M | $547.3M |
| 总资产 | $3.7B | $6.8B |
| 负债/权益比越低杠杆越低 | 2.40× | 5.91× |
8季度趋势，按日历期对齐
现金及短期投资CVIDK
| Q4 25 | $511.0M | $625.8M | ||
| Q3 25 | $670.0M | $630.9M | ||
| Q2 25 | $596.0M | $615.5M | ||
| Q1 25 | $695.0M | $623.8M | ||
| Q4 24 | $987.0M | $735.6M | ||
| Q3 24 | $534.0M | $1.0B | ||
| Q2 24 | $586.0M | $657.9M | ||
| Q1 24 | $644.0M | $753.4M |
总债务CVIDK
| Q4 25 | $1.8B | $3.2B | ||
| Q3 25 | $1.8B | $3.2B | ||
| Q2 25 | $1.8B | $3.1B | ||
| Q1 25 | $1.9B | $3.0B | ||
| Q4 24 | $1.9B | $2.8B | ||
| Q3 24 | $1.6B | $2.8B | ||
| Q2 24 | $1.6B | $2.5B | ||
| Q1 24 | $1.6B | $2.5B |
股东权益CVIDK
| Q4 25 | $730.0M | $547.3M | ||
| Q3 25 | $840.0M | $444.8M | ||
| Q2 25 | $466.0M | $294.9M | ||
| Q1 25 | $580.0M | $429.4M | ||
| Q4 24 | $703.0M | $575.2M | ||
| Q3 24 | $675.0M | $875.4M | ||
| Q2 24 | $849.0M | $982.8M | ||
| Q1 24 | $879.0M | $1.0B |
总资产CVIDK
| Q4 25 | $3.7B | $6.8B | ||
| Q3 25 | $4.0B | $7.1B | ||
| Q2 25 | $4.0B | $7.1B | ||
| Q1 25 | $4.3B | $6.9B | ||
| Q4 24 | $4.3B | $6.7B | ||
| Q3 24 | $3.9B | $7.0B | ||
| Q2 24 | $4.0B | $6.9B | ||
| Q1 24 | $4.1B | $7.2B |
负债/权益比CVIDK
| Q4 25 | 2.40× | 5.91× | ||
| Q3 25 | 2.17× | 7.14× | ||
| Q2 25 | 3.97× | 10.51× | ||
| Q1 25 | 3.29× | 7.07× | ||
| Q4 24 | 2.71× | 4.81× | ||
| Q3 24 | 2.33× | 3.19× | ||
| Q2 24 | 1.86× | 2.50× | ||
| Q1 24 | 1.79× | 2.41× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $0 | $502.8M |
| 自由现金流经营现金流 - 资本支出 | — | $382.8M |
| 自由现金流率自由现金流/营收 | — | 15.8% |
| 资本支出强度资本支出/营收 | 3.0% | 4.9% |
| 现金转化率经营现金流/净利润 | — | 6.42× |
| 过去12个月自由现金流最近4个季度 | — | $6.3M |
8季度趋势，按日历期对齐
经营现金流CVIDK
| Q4 25 | $0 | $502.8M | ||
| Q3 25 | $163.0M | $44.0M | ||
| Q2 25 | $176.0M | $51.4M | ||
| Q1 25 | $-195.0M | $-62.4M | ||
| Q4 24 | $98.0M | $-163.5M | ||
| Q3 24 | $48.0M | $-21.6M | ||
| Q2 24 | $81.0M | $-48.4M | ||
| Q1 24 | $177.0M | $166.7M |
自由现金流CVIDK
| Q4 25 | — | $382.8M | ||
| Q3 25 | $125.0M | $-64.0M | ||
| Q2 25 | $135.0M | $-114.4M | ||
| Q1 25 | $-246.0M | $-198.1M | ||
| Q4 24 | $43.0M | $-354.0M | ||
| Q3 24 | $14.0M | $-140.6M | ||
| Q2 24 | $38.0M | $-128.3M | ||
| Q1 24 | $130.0M | $128.4M |
自由现金流率CVIDK
| Q4 25 | — | 15.8% | ||
| Q3 25 | 6.4% | -2.2% | ||
| Q2 25 | 7.7% | -4.1% | ||
| Q1 25 | -14.9% | -7.5% | ||
| Q4 24 | 2.2% | -14.9% | ||
| Q3 24 | 0.8% | -4.6% | ||
| Q2 24 | 1.9% | -3.9% | ||
| Q1 24 | 7.0% | 4.1% |
资本支出强度CVIDK
| Q4 25 | 3.0% | 4.9% | ||
| Q3 25 | 2.0% | 3.7% | ||
| Q2 25 | 2.3% | 6.0% | ||
| Q1 25 | 3.1% | 5.1% | ||
| Q4 24 | 2.8% | 8.0% | ||
| Q3 24 | 1.9% | 3.9% | ||
| Q2 24 | 2.2% | 2.4% | ||
| Q1 24 | 2.5% | 1.2% |
现金转化率CVIDK
| Q4 25 | — | 6.42× | ||
| Q3 25 | 0.44× | 0.25× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.50× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.86× | — | ||
| Q1 24 | 2.16× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CVI
| Petroleum Segment | $1.6B | 91% |
| Product UAN | $64.0M | 4% |
| Product Ammonia | $51.0M | 3% |
| Renewables Diesel | $27.0M | 1% |
| Product Urea Products | $8.0M | 0% |
| Renewable Fuel Credits | $7.0M | 0% |
DK
| Refining | $2.2B | 91% |
| Other | $173.0M | 7% |
| Gravity Water Intermediate Holdings LLC Gravity | $22.5M | 1% |
| Related Party | $20.8M | 1% |
| Logistics | $1.3M | 0% |
