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CVR ENERGY INC（CVI）与Ventas（VTR）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Ventas的1.1倍（$1.8B vs $1.7B），Ventas净利率更高（3.6% vs -6.1%，领先9.6%），Ventas同比增速更快（22.0% vs -7.0%），过去两年Ventas的营收复合增速更高（17.5% 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。
Ventas是一家领先的医疗地产投资信托企业，旗下资产涵盖养老社区、医疗办公楼、生命科学研究设施及康复医疗中心等，主要在北美、英国地区运营，为医疗服务及生命科学机构提供专业物业解决方案。
CVI vs VTR — 直观对比
营收规模更大
CVI
是对方的1.1倍
$1.7B
营收增速更快
VTR
高出29.0%
-7.0%
净利率更高
VTR
高出9.6%
-6.1%
两年增速更快
VTR
近两年复合增速
-1.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.7B |
| 净利润 | $-110.0M | $59.0M |
| 毛利率 | -3.1% | — |
| 营业利润率 | -5.3% | — |
| 净利率 | -6.1% | 3.6% |
| 营收同比 | -7.0% | 22.0% |
| 净利润同比 | -492.9% | 19.0% |
| 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CVIVTR
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.8B | $1.6B | ||
| Q3 25 | $1.9B | $1.5B | ||
| Q2 25 | $1.8B | $1.4B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | $1.9B | $1.3B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $2.0B | $1.2B |
净利润CVIVTR
| Q1 26 | — | $59.0M | ||
| Q4 25 | $-110.0M | $73.0M | ||
| Q3 25 | $374.0M | $68.7M | ||
| Q2 25 | $-114.0M | $71.5M | ||
| Q1 25 | $-123.0M | $48.4M | ||
| Q4 24 | $28.0M | $58.7M | ||
| Q3 24 | $-124.0M | $21.0M | ||
| Q2 24 | $21.0M | $21.2M |
毛利率CVIVTR
| Q1 26 | — | — | ||
| 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% | — |
营业利润率CVIVTR
| Q1 26 | — | — | ||
| Q4 25 | -5.3% | 4.9% | ||
| Q3 25 | 26.3% | 3.0% | ||
| Q2 25 | -5.8% | 3.0% | ||
| Q1 25 | -8.0% | 3.0% | ||
| Q4 24 | 1.1% | -0.0% | ||
| Q3 24 | -6.2% | 1.5% | ||
| Q2 24 | 1.4% | -1.6% |
净利率CVIVTR
| Q1 26 | — | 3.6% | ||
| Q4 25 | -6.1% | 4.7% | ||
| Q3 25 | 19.2% | 4.6% | ||
| Q2 25 | -6.5% | 5.0% | ||
| Q1 25 | -7.5% | 3.6% | ||
| Q4 24 | 1.4% | 4.6% | ||
| Q3 24 | -6.8% | 1.7% | ||
| Q2 24 | 1.1% | 1.8% |
每股收益（稀释后）CVIVTR
| Q1 26 | — | — | ||
| Q4 25 | $-1.09 | $0.15 | ||
| Q3 25 | $3.72 | $0.14 | ||
| Q2 25 | $-1.14 | $0.15 | ||
| Q1 25 | $-1.22 | $0.10 | ||
| Q4 24 | $0.28 | $0.13 | ||
| Q3 24 | $-1.24 | $0.05 | ||
| Q2 24 | $0.21 | $0.05 |
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 | $183.6M |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $730.0M | $13.2B |
| 总资产 | $3.7B | $27.7B |
| 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CVIVTR
| Q1 26 | — | $183.6M | ||
| Q4 25 | $511.0M | $741.1M | ||
| Q3 25 | $670.0M | $188.6M | ||
| Q2 25 | $596.0M | $614.2M | ||
| Q1 25 | $695.0M | $182.3M | ||
| Q4 24 | $987.0M | $897.9M | ||
| Q3 24 | $534.0M | $1.1B | ||
| Q2 24 | $586.0M | $557.1M |
总债务CVIVTR
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $13.0B | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.9B | $13.5B | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.6B | — |
股东权益CVIVTR
| Q1 26 | — | $13.2B | ||
| Q4 25 | $730.0M | $12.5B | ||
| Q3 25 | $840.0M | $12.4B | ||
| Q2 25 | $466.0M | $11.5B | ||
| Q1 25 | $580.0M | $11.5B | ||
| Q4 24 | $703.0M | $10.8B | ||
| Q3 24 | $675.0M | $9.8B | ||
| Q2 24 | $849.0M | $9.6B |
总资产CVIVTR
| Q1 26 | — | $27.7B | ||
| Q4 25 | $3.7B | $27.6B | ||
| Q3 25 | $4.0B | $26.9B | ||
| Q2 25 | $4.0B | $26.5B | ||
| Q1 25 | $4.3B | $26.0B | ||
| Q4 24 | $4.3B | $26.2B | ||
| Q3 24 | $3.9B | $25.3B | ||
| Q2 24 | $4.0B | $24.5B |
负债/权益比CVIVTR
| Q1 26 | — | — | ||
| Q4 25 | 2.40× | 1.04× | ||
| Q3 25 | 2.17× | — | ||
| Q2 25 | 3.97× | — | ||
| Q1 25 | 3.29× | — | ||
| Q4 24 | 2.71× | 1.26× | ||
| Q3 24 | 2.33× | — | ||
| Q2 24 | 1.86× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 3.0% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流CVIVTR
| Q1 26 | — | — | ||
| Q4 25 | $0 | $471.7M | ||
| Q3 25 | $163.0M | $378.6M | ||
| Q2 25 | $176.0M | $475.3M | ||
| Q1 25 | $-195.0M | $321.1M | ||
| Q4 24 | $98.0M | $373.6M | ||
| Q3 24 | $48.0M | $353.7M | ||
| Q2 24 | $81.0M | $335.9M |
自由现金流CVIVTR
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $125.0M | — | ||
| Q2 25 | $135.0M | — | ||
| Q1 25 | $-246.0M | — | ||
| Q4 24 | $43.0M | — | ||
| Q3 24 | $14.0M | — | ||
| Q2 24 | $38.0M | — |
自由现金流率CVIVTR
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 6.4% | — | ||
| Q2 25 | 7.7% | — | ||
| Q1 25 | -14.9% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 0.8% | — | ||
| Q2 24 | 1.9% | — |
资本支出强度CVIVTR
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | — | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 2.8% | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 2.2% | — |
现金转化率CVIVTR
| Q1 26 | — | — | ||
| Q4 25 | — | 6.46× | ||
| Q3 25 | 0.44× | 5.51× | ||
| Q2 25 | — | 6.65× | ||
| Q1 25 | — | 6.64× | ||
| Q4 24 | 3.50× | 6.36× | ||
| Q3 24 | — | 16.84× | ||
| Q2 24 | 3.86× | 15.87× |
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% |
VTR
| Resident fees and services | $1.3B | 78% |
| Outpatient medical and research portfolio | $230.1M | 14% |
| Triple-net leased properties | $123.1M | 7% |
| Third-party capital management revenues | $4.4M | 0% |
