vs
CVR ENERGY INC（CVI）与ICAHN ENTERPRISES L.P.（IEP）财务数据对比。点击上方公司名可切换其他公司
ICAHN ENTERPRISES L.P.的季度营收约是CVR ENERGY INC的1.5倍（$2.7B vs $1.8B）。ICAHN ENTERPRISES L.P.净利率更高（0.0% vs -6.1%，领先6.1%）。ICAHN ENTERPRISES L.P.同比增速更快（5.4% vs -7.0%）。过去两年ICAHN ENTERPRISES L.P.的营收复合增速更高（4.5% 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。
伊坎企业有限合伙企业是美国上市的 Master 有限合伙企业与多元化集团，总部位于佛罗里达州阳光岛海滩的弥尔顿大厦。公司投资布局覆盖能源、汽车、食品包装、金属、房地产、家居时尚等多个领域，由知名投资人卡尔·伊坎控股，其持股比例达86%。
CVI vs IEP — 直观对比
营收规模更大
IEP
是对方的1.5倍
$1.8B
营收增速更快
IEP
高出12.3%
-7.0%
净利率更高
IEP
高出6.1%
-6.1%
两年增速更快
IEP
近两年复合增速
-1.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $2.7B |
| 净利润 | $-110.0M | $1.0M |
| 毛利率 | -3.1% | — |
| 营业利润率 | -5.3% | 0.6% |
| 净利率 | -6.1% | 0.0% |
| 营收同比 | -7.0% | 5.4% |
| 净利润同比 | -492.9% | 101.0% |
| 每股收益（稀释后） | $-1.09 | — |
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CVIIEP
| Q4 25 | $1.8B | $2.7B | ||
| Q3 25 | $1.9B | $2.7B | ||
| Q2 25 | $1.8B | $2.4B | ||
| Q1 25 | $1.6B | $1.9B | ||
| Q4 24 | $1.9B | $2.6B | ||
| Q3 24 | $1.8B | $2.8B | ||
| Q2 24 | $2.0B | $2.2B | ||
| Q1 24 | $1.9B | $2.5B |
净利润CVIIEP
| Q4 25 | $-110.0M | $1.0M | ||
| Q3 25 | $374.0M | $287.0M | ||
| Q2 25 | $-114.0M | $-165.0M | ||
| Q1 25 | $-123.0M | $-422.0M | ||
| Q4 24 | $28.0M | $-98.0M | ||
| Q3 24 | $-124.0M | $22.0M | ||
| Q2 24 | $21.0M | $-331.0M | ||
| Q1 24 | $82.0M | $-38.0M |
毛利率CVIIEP
| 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CVIIEP
| Q4 25 | -5.3% | 0.6% | ||
| Q3 25 | 26.3% | 19.7% | ||
| Q2 25 | -5.8% | -10.4% | ||
| Q1 25 | -8.0% | -35.0% | ||
| Q4 24 | 1.1% | -5.2% | ||
| Q3 24 | -6.2% | 2.4% | ||
| Q2 24 | 1.4% | -21.9% | ||
| Q1 24 | 6.6% | -0.8% |
净利率CVIIEP
| Q4 25 | -6.1% | 0.0% | ||
| Q3 25 | 19.2% | 10.5% | ||
| Q2 25 | -6.5% | -7.0% | ||
| Q1 25 | -7.5% | -22.6% | ||
| Q4 24 | 1.4% | -3.8% | ||
| Q3 24 | -6.8% | 0.8% | ||
| Q2 24 | 1.1% | -15.0% | ||
| Q1 24 | 4.4% | -1.5% |
每股收益（稀释后）CVIIEP
| Q4 25 | $-1.09 | — | ||
| Q3 25 | $3.72 | — | ||
| Q2 25 | $-1.14 | — | ||
| Q1 25 | $-1.22 | — | ||
| Q4 24 | $0.28 | — | ||
| Q3 24 | $-1.24 | — | ||
| Q2 24 | $0.21 | — | ||
| Q1 24 | $0.81 | — |
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 | $1.4B |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $730.0M | — |
| 总资产 | $3.7B | $14.2B |
| 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CVIIEP
| Q4 25 | $511.0M | $1.4B | ||
| Q3 25 | $670.0M | $1.8B | ||
| Q2 25 | $596.0M | $1.8B | ||
| Q1 25 | $695.0M | $2.2B | ||
| Q4 24 | $987.0M | $2.6B | ||
| Q3 24 | $534.0M | $2.3B | ||
| Q2 24 | $586.0M | $2.2B | ||
| Q1 24 | $644.0M | $2.5B |
总债务CVIIEP
| 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CVIIEP
| Q4 25 | $730.0M | — | ||
| Q3 25 | $840.0M | — | ||
| Q2 25 | $466.0M | — | ||
| Q1 25 | $580.0M | — | ||
| Q4 24 | $703.0M | — | ||
| Q3 24 | $675.0M | — | ||
| Q2 24 | $849.0M | — | ||
| Q1 24 | $879.0M | — |
总资产CVIIEP
| Q4 25 | $3.7B | $14.2B | ||
| Q3 25 | $4.0B | $14.8B | ||
| Q2 25 | $4.0B | $14.8B | ||
| Q1 25 | $4.3B | $15.5B | ||
| Q4 24 | $4.3B | $16.3B | ||
| Q3 24 | $3.9B | $17.4B | ||
| Q2 24 | $4.0B | $18.0B | ||
| Q1 24 | $4.1B | $20.1B |
负债/权益比CVIIEP
| 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 | $-421.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-496.0M |
| 自由现金流率自由现金流/营收 | — | -18.4% |
| 资本支出强度资本支出/营收 | 3.0% | 2.8% |
| 现金转化率经营现金流/净利润 | — | -421.00× |
| 过去12个月自由现金流最近4个季度 | — | $-654.0M |
8季度趋势，按日历期对齐
经营现金流CVIIEP
| Q4 25 | $0 | $-421.0M | ||
| Q3 25 | $163.0M | $15.0M | ||
| Q2 25 | $176.0M | $275.0M | ||
| Q1 25 | $-195.0M | $-182.0M | ||
| Q4 24 | $98.0M | $244.0M | ||
| Q3 24 | $48.0M | $-54.0M | ||
| Q2 24 | $81.0M | $893.0M | ||
| Q1 24 | $177.0M | $-251.0M |
自由现金流CVIIEP
| Q4 25 | — | $-496.0M | ||
| Q3 25 | $125.0M | $-67.0M | ||
| Q2 25 | $135.0M | $179.0M | ||
| Q1 25 | $-246.0M | $-270.0M | ||
| Q4 24 | $43.0M | $156.0M | ||
| Q3 24 | $14.0M | $-112.0M | ||
| Q2 24 | $38.0M | $827.0M | ||
| Q1 24 | $130.0M | $-319.0M |
自由现金流率CVIIEP
| Q4 25 | — | -18.4% | ||
| Q3 25 | 6.4% | -2.5% | ||
| Q2 25 | 7.7% | 7.6% | ||
| Q1 25 | -14.9% | -14.5% | ||
| Q4 24 | 2.2% | 6.1% | ||
| Q3 24 | 0.8% | -4.0% | ||
| Q2 24 | 1.9% | 37.6% | ||
| Q1 24 | 7.0% | -12.9% |
资本支出强度CVIIEP
| Q4 25 | 3.0% | 2.8% | ||
| Q3 25 | 2.0% | 3.0% | ||
| Q2 25 | 2.3% | 4.1% | ||
| Q1 25 | 3.1% | 4.7% | ||
| Q4 24 | 2.8% | 3.4% | ||
| Q3 24 | 1.9% | 2.1% | ||
| Q2 24 | 2.2% | 3.0% | ||
| Q1 24 | 2.5% | 2.8% |
现金转化率CVIIEP
| Q4 25 | — | -421.00× | ||
| Q3 25 | 0.44× | 0.05× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.50× | — | ||
| Q3 24 | — | -2.45× | ||
| 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% |
IEP
| Public Utilities Inventory Petroleum Products | $1.6B | 61% |
| Other | $381.0M | 14% |
| Automotive Services | $345.0M | 13% |
| Nitrogen Fertilizer Products | $131.0M | 5% |
| Food Packaging Segment | $82.0M | 3% |
| Home Fashion Segment | $45.0M | 2% |
| Renewable Products | $32.0M | 1% |
| Pharma Segment | $23.0M | 1% |
| Holding Company | $11.0M | 0% |
