Filing Flows › Comparisons › CVI vs CLMT
CVR Energy vs Calumet: CVI and CLMT compared
CVR Energy is the larger company: $3.3B of revenue in its latest quarter (Q3 2026) against $1.7B for Calumet (Q3 2026). CVR Energy is growing faster (+69% against +56% a year earlier). Calumet is more profitable, with an operating margin of 27.0% against 22.1%.
Where the money goes: CVI and CLMT
CVR Energy (CVI) · Q3 2026
CVR Energy, Q3 2026: revenue $3.3B (+69% year over year), operating margin 22.1%, net earnings $570M, operating cash flow $655M. The chart follows the revenue to costs, profit and cash.
Calumet (CLMT) · Q3 2026
Calumet, Q3 2026: revenue $1.7B (+56% year over year), operating margin 27.0%, net earnings $256M, operating cash flow $218M. The chart follows the revenue to costs, profit and cash.
| CVR Energy (CVI) | Calumet (CLMT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $3.3B | $1.7B |
| Revenue growth, Y/Y | +69% | +56% |
| Gross margin | — | 32.3% |
| Operating margin | 22.1% | 27.0% |
| Net earnings | $570M | $256M |
| Net margin | 17.4% | 15.2% |
| Operating cash flow | $655M | $218M |
| Free cash flow | $593M | $207M |
| Market value | $3.8B | $3.5B |
| P/E | 14.2× | — |
| Analysts’ mean target | $47.50 | $55.80 |
Questions
Which is bigger, CVR Energy or Calumet?
CVR Energy is the larger company: $3.3B of revenue in its latest quarter (Q3 2026) against $1.7B for Calumet (Q3 2026).
Is CVR Energy or Calumet growing faster?
CVR Energy is growing faster (+69% against +56% a year earlier).
Which is more profitable, CVR Energy or Calumet?
Calumet is more profitable, with an operating margin of 27.0% against 22.1%.
More: CVR Energy earnings · how CVR Energy makes money · Calumet earnings · how Calumet makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.