vs
CVR ENERGY INC（CVI）与Graham Holdings Co（GHC）财务数据对比。点击上方公司名可切换其他公司
CVR ENERGY INC的季度营收约是Graham Holdings Co的1.4倍（$1.8B vs $1.3B），Graham Holdings Co净利率更高（8.7% vs -6.1%，领先14.8%），Graham Holdings Co同比增速更快（0.4% vs -7.0%），过去两年Graham Holdings Co的营收复合增速更高（4.2% vs -1.4%）
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。
Graham Holdings是一家总部位于美国弗吉尼亚州阿灵顿县、在特拉华州注册的多元化综合控股集团，曾持有知名媒体《华盛顿邮报》与《新闻周刊》的所有权，旗下业务覆盖多个领域，在北美市场拥有深厚的行业运营积淀。
CVI vs GHC — 直观对比
营收规模更大
CVI
是对方的1.4倍
$1.3B
营收增速更快
GHC
高出7.4%
-7.0%
净利率更高
GHC
高出14.8%
-6.1%
两年增速更快
GHC
近两年复合增速
-1.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.3B |
| 净利润 | $-110.0M | $108.7M |
| 毛利率 | -3.1% | — |
| 营业利润率 | -5.3% | 3.8% |
| 净利率 | -6.1% | 8.7% |
| 营收同比 | -7.0% | 0.4% |
| 净利润同比 | -492.9% | -80.2% |
| 每股收益（稀释后） | $-1.09 | $24.76 |
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CVIGHC
| Q4 25 | $1.8B | $1.3B | ||
| Q3 25 | $1.9B | $1.3B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $1.6B | $1.2B | ||
| Q4 24 | $1.9B | $1.2B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $2.0B | $1.2B | ||
| Q1 24 | $1.9B | $1.2B |
净利润CVIGHC
| Q4 25 | $-110.0M | $108.7M | ||
| Q3 25 | $374.0M | $122.9M | ||
| Q2 25 | $-114.0M | $36.7M | ||
| Q1 25 | $-123.0M | $23.9M | ||
| Q4 24 | $28.0M | $548.8M | ||
| Q3 24 | $-124.0M | $72.5M | ||
| Q2 24 | $21.0M | $-21.0M | ||
| Q1 24 | $82.0M | $124.4M |
毛利率CVIGHC
| 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% | — | ||
| Q1 24 | 8.6% | — |
营业利润率CVIGHC
| Q4 25 | -5.3% | 3.8% | ||
| Q3 25 | 26.3% | 5.2% | ||
| Q2 25 | -5.8% | 6.0% | ||
| Q1 25 | -8.0% | 4.1% | ||
| Q4 24 | 1.1% | 5.8% | ||
| Q3 24 | -6.2% | 6.8% | ||
| Q2 24 | 1.4% | 2.2% | ||
| Q1 24 | 6.6% | 3.1% |
净利率CVIGHC
| Q4 25 | -6.1% | 8.7% | ||
| Q3 25 | 19.2% | 9.6% | ||
| Q2 25 | -6.5% | 3.0% | ||
| Q1 25 | -7.5% | 2.0% | ||
| Q4 24 | 1.4% | 44.1% | ||
| Q3 24 | -6.8% | 6.0% | ||
| Q2 24 | 1.1% | -1.8% | ||
| Q1 24 | 4.4% | 10.8% |
每股收益（稀释后）CVIGHC
| Q4 25 | $-1.09 | $24.76 | ||
| Q3 25 | $3.72 | $27.91 | ||
| Q2 25 | $-1.14 | $8.35 | ||
| Q1 25 | $-1.22 | $5.45 | ||
| Q4 24 | $0.28 | $124.05 | ||
| Q3 24 | $-1.24 | $16.42 | ||
| Q2 24 | $0.21 | $-4.79 | ||
| Q1 24 | $0.81 | $27.72 |
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 | $267.0M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $730.0M | $4.8B |
| 总资产 | $3.7B | $8.4B |
| 负债/权益比越低杠杆越低 | 2.40× | — |
8季度趋势，按日历期对齐
现金及短期投资CVIGHC
| Q4 25 | $511.0M | $267.0M | ||
| Q3 25 | $670.0M | $190.8M | ||
| Q2 25 | $596.0M | $176.2M | ||
| Q1 25 | $695.0M | $156.7M | ||
| Q4 24 | $987.0M | $260.9M | ||
| Q3 24 | $534.0M | $244.4M | ||
| Q2 24 | $586.0M | $140.7M | ||
| Q1 24 | $644.0M | $130.9M |
总债务CVIGHC
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.6B | — |
股东权益CVIGHC
| Q4 25 | $730.0M | $4.8B | ||
| Q3 25 | $840.0M | $4.5B | ||
| Q2 25 | $466.0M | $4.4B | ||
| Q1 25 | $580.0M | $4.3B | ||
| Q4 24 | $703.0M | $4.3B | ||
| Q3 24 | $675.0M | $4.0B | ||
| Q2 24 | $849.0M | $4.0B | ||
| Q1 24 | $879.0M | $4.0B |
总资产CVIGHC
| Q4 25 | $3.7B | $8.4B | ||
| Q3 25 | $4.0B | $7.9B | ||
| Q2 25 | $4.0B | $7.6B | ||
| Q1 25 | $4.3B | $7.6B | ||
| Q4 24 | $4.3B | $7.7B | ||
| Q3 24 | $3.9B | $7.4B | ||
| Q2 24 | $4.0B | $7.2B | ||
| Q1 24 | $4.1B | $7.3B |
负债/权益比CVIGHC
| Q4 25 | 2.40× | — | ||
| Q3 25 | 2.17× | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.29× | — | ||
| Q4 24 | 2.71× | — | ||
| Q3 24 | 2.33× | — | ||
| Q2 24 | 1.86× | — | ||
| Q1 24 | 1.79× | — |
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 | $28.3M |
| 自由现金流经营现金流 - 资本支出 | — | $5.0M |
| 自由现金流率自由现金流/营收 | — | 0.4% |
| 资本支出强度资本支出/营收 | 3.0% | 1.9% |
| 现金转化率经营现金流/净利润 | — | 0.26× |
| 过去12个月自由现金流最近4个季度 | — | $275.3M |
8季度趋势，按日历期对齐
经营现金流CVIGHC
| Q4 25 | $0 | $28.3M | ||
| Q3 25 | $163.0M | $178.1M | ||
| Q2 25 | $176.0M | $94.8M | ||
| Q1 25 | $-195.0M | $46.0M | ||
| Q4 24 | $98.0M | $116.3M | ||
| Q3 24 | $48.0M | $237.6M | ||
| Q2 24 | $81.0M | $52.0M | ||
| Q1 24 | $177.0M | $1.1M |
自由现金流CVIGHC
| Q4 25 | — | $5.0M | ||
| Q3 25 | $125.0M | $161.8M | ||
| Q2 25 | $135.0M | $78.0M | ||
| Q1 25 | $-246.0M | $30.5M | ||
| Q4 24 | $43.0M | $91.1M | ||
| Q3 24 | $14.0M | $219.4M | ||
| Q2 24 | $38.0M | $33.7M | ||
| Q1 24 | $130.0M | $-20.2M |
自由现金流率CVIGHC
| Q4 25 | — | 0.4% | ||
| Q3 25 | 6.4% | 12.6% | ||
| Q2 25 | 7.7% | 6.4% | ||
| Q1 25 | -14.9% | 2.6% | ||
| Q4 24 | 2.2% | 7.3% | ||
| Q3 24 | 0.8% | 18.2% | ||
| Q2 24 | 1.9% | 2.8% | ||
| Q1 24 | 7.0% | -1.8% |
资本支出强度CVIGHC
| Q4 25 | 3.0% | 1.9% | ||
| Q3 25 | 2.0% | 1.3% | ||
| Q2 25 | 2.3% | 1.4% | ||
| Q1 25 | 3.1% | 1.3% | ||
| Q4 24 | 2.8% | 2.0% | ||
| Q3 24 | 1.9% | 1.5% | ||
| Q2 24 | 2.2% | 1.5% | ||
| Q1 24 | 2.5% | 1.8% |
现金转化率CVIGHC
| Q4 25 | — | 0.26× | ||
| Q3 25 | 0.44× | 1.45× | ||
| Q2 25 | — | 2.58× | ||
| Q1 25 | — | 1.93× | ||
| Q4 24 | 3.50× | 0.21× | ||
| Q3 24 | — | 3.28× | ||
| Q2 24 | 3.86× | — | ||
| Q1 24 | 2.16× | 0.01× |
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% |
GHC
| Products | $602.7M | 48% |
| Kaplan International | $251.9M | 20% |
| Manufacturing | $117.8M | 9% |
| Television Broadcasting | $110.5M | 9% |
| Higher Education | $83.8M | 7% |
| Supplemental Education | $74.9M | 6% |
| Related Party | $4.4M | 0% |
