CVR Energy Inc. Common Stock (CVI)

FairStock Score: 17/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with what I know: CVR Energy refines oil, produces renewable fuels, and makes nitrogen fertilizer. That mix gives some diversification, but refining remains a cyclical, price-taking business with little durable moat. The reported record is wildly uneven. In fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $2.0B and net income was a loss of $192.0M, or $1.91 per diluted share. Fiscal Q2 2026, the quarter ended 2026-06-30, revenue rose to $2.7B but net income was still a loss of $3.0M, or $0.03 per share. By contrast, fiscal Q3 2025, the quarter ended 2025-09-30, produced net income of $374.0M and EPS of $3.72. For fiscal 2025, the year ended 2025-12-31, net income was just $27.0M, or $0.27 per share. That is not a stable earnings stream. The balance sheet and valuation give me pause. Debt-to-equity is 2.42, the Altman Z-Score is 1.69, and ROCE is only 5.50%. The FairStock P/E is 91.48 and P/B is 12.09 at the 2026-10-13 close of $63.12; the Graham Number is $9.00, implying a -601.33% margin of safety. FCF is a positive $387.0M, giving a 6.1% FCF yield, and the Piotroski F-Score is 7/9. Still, the FairStock Score is 17/100. Growth numbers look huge—revenue +55.48%, profit +97.37%—but they are from a cyclical, loss-prone base. I would want a much lower price before calling this a margin-of-safety bargain.

In plain English: CVR Energy runs oil refineries and also makes renewable fuels and nitrogen fertilizer. The business is very up and down: it lost money in the latest two reported quarters but had a large profit in late 2025, and its recent full-year profit was small. At $63.12, the shares look expensive compared with recent earnings and accounting value, even though the company is generating positive cash flow.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer