CVR Partners LP (UAN) financial statements
CVR Partners LP reported revenue of $606M in fiscal 2025, up 6.1% a year over 9 years.
Net income was $99M and the operating margin 21.2%, against 6.9% in 2016.
Free cash flow was $99M.
The diluted share count fell 90% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from CVR Partners LP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $356M | $331M | $351M | $404M | $350M | $533M | $836M | $681M | $525M | $606M |
| Cost of revenue | $302M | $315M | $319M | $348M | $325M | $371M | $483M | $449M | $406M | $443M |
| Gross profit | $54M | $16M | $32M | $57M | $25M | $162M | $352M | $232M | $119M | $163M |
| Selling, general and admin | $29M | $26M | $25M | $26M | $18M | $27M | $32M | $30M | $28M | $34M |
| Operating income | $25M | -$10M | $6M | $27M | -$35M | $134M | $320M | $201M | $90M | $129M |
| Interest expense | $49M | $63M | — | — | — | — | — | — | — | — |
| Pre-tax income | -$27M | -$73M | -$50M | -$35M | -$98M | $78M | $287M | $173M | $61M | $99M |
| Income tax | $329,000 | $220,000 | -$46,000 | -$18,000 | $30,000 | $57,000 | $160,000 | $289,000 | $77,000 | -$23,000 |
| Net income | -$27M | -$73M | -$50M | -$35M | -$98M | $78M | $287M | $172M | $61M | $99M |
| EPS (diluted) | -$0.26 | -$0.64 | -$4.42 | -$3.09 | -$8.77 | $7.31 | $27.07 | $16.31 | $5.76 | $9.33 |
| Diluted shares | 103M | 113M | 11M | 11M | 11M | 11M | 11M | 11M | 11M | 11M |
| Gross margin | 15.2% | 4.7% | 9.0% | 14.0% | 7.1% | 30.4% | 42.2% | 34.1% | 22.6% | 27.0% |
| Operating margin | 6.9% | -3.1% | 1.8% | 6.8% | -10.0% | 25.3% | 38.3% | 29.6% | 17.2% | 21.2% |
| Net margin | -7.6% | -22.0% | -14.2% | -8.7% | -28.1% | 14.7% | 34.3% | 25.3% | 11.6% | 16.3% |
Balance sheet
Fiscal years, from CVR Partners LP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $56M | $49M | $62M | $37M | $31M | $113M | $86M | $45M | $91M | $69M |
| Receivables | $14M | $10M | $62M | $34M | $37M | $88M | $90M | $42M | $65M | $59M |
| Inventory | $58M | $53M | $64M | $48M | $42M | $52M | $78M | $69M | $76M | $83M |
| Total current assets | $135M | $118M | $194M | $125M | $118M | $262M | $266M | $166M | $234M | $214M |
| Property, plant and equipment | $1.1B | $1.1B | $1.0B | $952M | $898M | $850M | $811M | $761M | $736M | $712M |
| Goodwill | $41M | $41M | $41M | $41M | $0 | $0 | $0 | — | — | — |
| Total assets | $1.3B | $1.2B | $1.3B | $1.1B | $1.0B | $1.1B | $1.1B | $975M | $1.0B | $969M |
| Total current liabilities | $63M | $56M | $123M | $76M | $76M | $162M | $126M | $75M | $111M | $97M |
| Long-term debt | $623M | $626M | $629M | $632M | $634M | $611M | $547M | $547M | $568M | $569M |
| Net debt | $568M | $577M | $567M | $595M | $606M | $498M | $460M | $502M | $477M | $500M |
Cash flow
Fiscal years, from CVR Partners LP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $45M | $10M | $32M | $39M | $20M | $189M | $301M | $244M | $151M | $150M |
| Capital spending | $23M | $15M | $20M | $19M | $19M | $21M | $45M | $24M | $37M | $51M |
| Free cash flow | $22M | -$4M | $12M | $21M | $1M | $168M | $257M | $219M | $113M | $99M |
| Stock-based compensation | $3M | $3M | $3M | $3M | $1M | $23M | $25M | $8M | $5M | $10M |
| Share buybacks (net) | — | — | $0 | $0 | -$7M | -$529,000 | -$12M | $0 | $0 | — |
| Net borrowing | $300M | $0 | — | $0 | $0 | -$32M | -$65M | $0 | $0 | — |
| Free cash flow margin | 6.1% | -1.3% | 3.5% | 5.1% | 0.3% | 31.6% | 30.7% | 32.2% | 21.6% | 16.3% |
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Open UAN in InvestinglyQuestions
What was CVR Partners LP's revenue in 2025?
$606M in fiscal 2025, from its 10-K filing.
How much free cash flow does CVR Partners LP generate?
$99M in fiscal 2025 (operating cash flow minus capital spending).
From CVR Partners LP's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.