Forensic Analysis · Energy / Oil & Gas · as of Oct 19, 2026
Cvr Energy Inc (CVI)
A forensic read on Cvr Energy Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Distress
Financial health
0.9
Distress distance
Clean
Earnings quality
3
Forensic signals
89.5
P / E (ttm)
3.7%
ROE
$6.2B
Market cap
6.26%
Dividend yield
-5.9%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Cvr Energy Inc earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 0.9, placing it in the Distress zone. 3 forensic signals were flagged in its latest SEC filings, led by shareholder returns — halted.
What the filings flag
stopped
FY2024→FY2025
Shareholder returns — halted.Capital returns have STOPPED — $151M of buybacks + dividends in FY2024, but ~$0 in FY2025. A halt usually means the company is conserving cash.
+19.3%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +19.3% relative to their own average in FY2025 — scaled by NOA itself, not by total assets, which is what the Forensic Screens card's own accrual row divides by. Accruals are building faster than is comfortable — part of profit is sitting in the balance sheet rather than turning to cash. The build is led by payables paid down 23% against -8% in cost of sales. A cash-flow measure on the same base disagrees: reported earnings ran behind operating cash by 6% of net operating assets, against an accruals ratio of 19.3%. The two are computed differently: the accruals ratio is the change in net operating assets over average net operating assets, while the cash-flow figure is net income less operating cash flow over that same average. Read them as two results, not one.
6.5%
FY2025
Return on invested capital.Return on invested capital is 6.5% in the latest fiscal year, against 29.8% in FY2023, having run between 2.4% and 29.8% across FY2023–FY2025 with no direction held. After-tax operating profit was $909M in FY2023 and $164M in FY2025, with operating income at 12.1% of revenue in FY2023, 0.8% in FY2024 and 2.5% in FY2025. The capital base behind it came down -18% across FY2023–FY2025, from $3.0B to $2.5B, so this return is struck on a smaller base than it started on.
Key fundamentals
Latest Revenue$7.16B
Revenue Growth YoY-5.9%
Revenue CAGR (2yr)-12.0%
Net Margin0.4%
Free Cash Flow-$41.0M
Return on Equity3.7%
Debt / Equity2.42x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Cvr Energy Inc's actual 10-K/10-Q/8-K filings?