CVICVR Energy, Inc.
Is the business good?
The checks split: 8 of 9 health tests passed and earnings fully cash-backed (2.1×), but margins compressing and returns that lean on debt.
High fundamental quality. Nine pass/fail tests of year-over-year health from the filings.
Operating profit is fully backed by cash.
Operating margin has narrowed over the past few years, profitability per dollar of sales is eroding.
Leverage-amplified, a high assets-to-equity ratio does much of the work. ROE 7% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is CVI?
CVR Energy, Inc. earns 18% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 8.6 points above what the capital costs: growth creates value
- Operating margin
- 4.1%
Operating margin · Oil & Gas Refining & Marketing median 5.8% · 12 months to Q2 2026
- Cash conversion
- 2.08×
Cash conversion · operating cash flow covers the operating profit after tax
- Share count, year on year
- 0.00%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | −8.5% |
| FY2021 | 1.2% |
| FY2022 | 8.8% |
| FY2023 | 12% |
| FY2024 | 0.76% |
| FY2025 | 2.5% |
Details›
- Gross margin12 months to Q2 2026
- 6.1%
- Operating margin12 months to Q2 2026
- 4.1%
- Net margin12 months to Q2 2026
- 0.81%
- Free cash flow margin
- 4.1%
- Revenue, trailing twelve months
- $8.47B
- Free cash flow, trailing twelve months
- $351M
- Net income, trailing twelve months
- $69M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 18%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Oil & Gas Refining & Marketing
Ranks #2 of 9 by RyuScore