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How CVR Energy (CVI) makes money

CVR Energy (CVI) made $3.3B of revenue in the third quarter 2026 (Q3 2026), +69% from a year earlier. Of every dollar of revenue, 22¢ was left as operating profit, 17¢ was left as net earnings.

Drawing the Sankey…

CVR Energy: revenue by line, Q1 2025 to Q1 2026CVR Energy: revenue by line, Q1 2025 to Q1 2026Petroleum SegmentNitrogen Fertilizer S…Renewables SegmentPetroleum Segment: $1.8B latest$1.8BNitrogen Fertilizer Segment: $180M latest$180MRenewables Segment: $0 latestQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026
The mix barely moved between Q1 2025 and Q1 2026.
CVR Energy revenue by quarterCVR Energy revenue by quarter$1.6BQ1 2025$1.8BQ2 2025$1.9BQ3 2025$1.8BQ4 2025$2.0BQ1 2026$2.7BQ2 2026$3.3BQ3 2026
CVR Energy: where each dollar of revenue goesCVR Energy: where each dollar of revenue goesOperating profit22¢Income tax4¢Net earnings17¢Operating cash flow20¢Free cash flow18¢

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$3.3B100.0%
Operating profit$724M22.1%
Income tax$141M4.3%
Net earnings$570M17.4%
Operating cash flow$655M20.0%
Free cash flow$593M18.1%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$3.3B+69%
Q2 2026$2.7B+56%
Q1 2026$2.0B+20%
Q4 2025$1.8B-7%
Q3 2025$1.9B+6%
Q2 2025$1.8B-10%
Q1 2025$1.6B-12%

From CVR Energy's 10-Q filed Nov 3, 2026 (on EDGAR).

Questions

How does CVR Energy make money?

CVR Energy (CVI) made $3.3B of revenue in the third quarter 2026 (Q3 2026), +69% from a year earlier. Of every dollar of revenue, 22¢ was left as operating profit, 17¢ was left as net earnings.

What is CVR Energy's profit margin?

Net earnings were $570M, 17.4% of revenue, in the third quarter 2026; the operating margin was 22.1%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.