CVR Partners LP (UAN)

Basic Materials · Agricultural Inputs
$124.75 -0.85% on the day Market cap $1.2B 52-week range $89.20 to $139.50 Prices as of Oct 11, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Free cash flow growth the price needs
-1% a year for 10 years

At a market value of $1.2B, CVR Partners LP's free cash flow of $99M (fiscal 2025) would need to grow about -1% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 9 years.

Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from CVR Partners LP's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.

Implied by the price-1.2% a year
Free cash flow, last 9 years18.3% a year
Revenue, same period6.1% a year
Price to free cash flow12.5x

Fundamental grade

A

Five factors scored 1 to 9 from UAN's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation8
Profitability8
Growth8
Financial health9
Cash efficiency7

Results from SEC filings

Fiscal years, from CVR Partners LP's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.

Fiscal year20212022202320242025
Revenue$533M$836M$681M$525M$606M
Net income$78M$287M$172M$61M$99M
Free cash flow$168M$257M$219M$113M$99M
EPS (diluted)$7.31$27.07$16.31$5.76$9.33
Operating margin25.3%38.3%29.6%17.2%21.2%

Where the revenue comes from

Revenue by products, fiscal 2025. Every breakdown, year by year.

UAN$374M62%
Ammonia$143M24%
Other revenue$51M8%
Urea products$37M6%

Superinvestors who own UAN

From each investor's latest 13F filing (what a 13F shows). 1 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Carl Icahn
Icahn Capital
Held $464M5.6%Q2 2026

Insider buying

Open-market purchases by CVR Partners LP's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you. Every purchase since records began.

No open-market insider purchases of UAN in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

What growth does CVR Partners LP's stock price imply?

At a market value of $1.2B, CVR Partners LP would need its free cash flow to grow about -1% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 18% a year.

Are CVR Partners LP insiders buying the stock?

No open-market insider purchases of UAN in the last 12 months, according to SEC Form 4 filings.

Which superinvestors own CVR Partners LP?

1 of the superinvestors Investingly tracks hold UAN in their latest 13F, including Carl Icahn.

Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.