UAN · Cvr Partners, LP - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · UAN

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$606.04M	$525.32M	$681.48M	$835.58M	$532.58M	$349.95M
Cost of Revenue	$442.67M	$406.46M	$449.01M	$483.22M	$370.54M	$325.11M
Gross Profit	$163.37M	$118.86M	$232.46M	$352.37M	$162.04M	$24.84M
R&D	-	-	-	-	-	-
SG&A	$33.59M	$28.41M	$29.52M	$32.19M	$26.61M	$18.17M
Total Operating Expenses	-	-	-	-	-	-
D&A	$81.87M	$88.10M	$79.72M	$82.14M	$73.48M	$76.08M
Operating Income	$128.66M	$90.35M	$201.41M	$319.91M	$134.48M	($34.88M)
Interest Expense	-	-	-	-	-	-
Income Tax	($23.0K)	$77.0K	$289.0K	$160.0K	$57.0K	$30.0K
Net Income	$98.66M	$60.90M	$172.43M	$286.80M	$78.16M	($98.18M)
EPS - Basic	$9.33	$5.76	$16.31	$27.07	($8.77)	-
EPS - Diluted	$9.33	$5.76	$16.31	$27.07	($8.77)	-

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$69.24M	$90.86M	$45.28M	$86.34M	$112.52M	$30.56M
Accounts Receivable	$58.96M	$65.22M	$41.89M	$90.45M	$88.35M	$36.90M
Inventory	$82.68M	$75.58M	$69.17M	$77.52M	$52.27M	$42.35M
Accounts Payable	-	-	-	$45.52M	$41.50M	$19.54M
Current Assets	$213.87M	$233.54M	$165.87M	$265.70M	$262.25M	$118.21M
Total Assets	$969.46M	$1.02B	$975.33M	$1.10B	$1.13B	$1.03B
Current Liabilities	$96.77M	$111.35M	$75.47M	$126.06M	$161.86M	$76.34M
Long-term Debt	-	$547.71M◇	$547.31M	$546.80M	$610.64M	$633.94M
Total Liabilities	-	-	-	-	-	-
Stockholders' Equity	-	-	-	-	-	-
Retained Earnings	-	-	-	-	-	-

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$149.64M	$150.54M	$243.53M	$301.46M	$188.72M	$19.74M
Investing Cash Flow	($44.09M)	($31.89M)	($2.72M)	($44.62M)	($20.34M)	($18.55M)
Financing Cash Flow	($127.17M)	($73.07M)	($281.86M)	($283.02M)	($86.43M)	($7.63M)
CapEx	$50.80M	$37.07M	$24.20M	$44.67M	$20.59M	$18.60M
Free Cash Flow	$98.84M	$113.47M	$219.33M	$256.80M	$168.13M	$1.14M

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	27.0%	22.6%	34.1%	42.2%	30.4%	7.1%
Operating margin	21.2%	17.2%	29.6%	38.3%	25.3%	-10.0%
EBITDA margin	34.7%	34.0%	41.3%	48.1%	39.0%	11.8%
Net margin	16.3%	11.6%	25.3%	34.3%	14.7%	-28.1%
Free cash flow margin	16.3%	21.6%	32.2%	30.7%	31.6%	0.3%
FCF / Net income	1.00	1.86	1.27	0.90	2.15	-0.01
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	5.5%	5.4%	4.3%	3.9%	5.0%	5.2%
Effective tax rate	-0.0%	0.1%	0.2%	0.1%	0.1%	-
Return on assets	10.2%	6.0%	17.7%	26.1%	6.9%	-9.5%
Return on equity	-	-	-	-	-	-
Return on invested capital	-	-	-	-	-	-
Liquidity
Current ratio	2.21	2.10	2.20	2.11	1.62	1.55
Quick ratio	1.36	1.42	1.28	1.49	1.30	0.99
Cash ratio	0.72	0.82	0.60	0.68	0.70	0.40
Leverage
Debt / Equity	-	-	-	-	-	-
Debt / Assets	-	0.54	0.56	0.50	0.54	0.61
Debt / EBITDA	-	3.07	1.95	1.36	2.94	15.39
Interest coverage	-	-	-	-	-	-
Equity multiplier	-	-	-	-	-	-
Liabilities / Assets	-	-	-	-	-	-
Efficiency
Asset turnover	0.63	0.52	0.70	0.76	0.47	0.34
Inventory turnover	5.35	5.38	6.49	6.23	7.09	7.68
Days sales outstanding	36d	45d	22d	40d	61d	38d
Days inventory outstanding	68d	68d	56d	59d	51d	48d
Days payable outstanding	-	-	-	34d	41d	22d
Cash conversion cycle	-	-	-	64d	71d	64d
Valuation
P / E	11.0x	13.2x	4.0x	3.7x	-	-
P / B	-	-	-	-	-	-
P / S	1.8x	1.5x	1.0x	1.3x	1.7x	-
EV / EBITDA	4.8x	7.1x	4.2x	3.8x	6.8x	-
Growth
Revenue growth (YoY)	15.4%	-22.9%	-18.4%	56.9%	52.2%	-13.4%
Revenue CAGR (3y)	-10.2%	-0.5%	24.9%	27.4%	14.3%	-
Revenue CAGR (5y)	11.6%	5.4%	13.8%	-	-	-
Gross profit growth (YoY)	37.4%	-48.9%	-34.0%	117.5%	552.3%	-56.1%
Operating income growth (YoY)	42.4%	-55.1%	-37.0%	137.9%	-	-
Net income growth (YoY)	62.0%	-64.7%	-39.9%	267.0%	-	-180.8%
EPS growth (YoY)	62.0%	-64.7%	-39.7%	-	-	-
EPS CAGR (3y)	-29.9%	-	-	-	-	-
EPS CAGR (5y)	-	-	-	-	-	-
FCF growth (YoY)	-12.9%	-48.3%	-14.6%	52.7%	14622.5%	-94.4%
FCF CAGR (5y)	144.0%	40.8%	54.2%	-	50.6%	-54.9%
Book value growth (YoY)	-	-	-	-	-	-

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$606.04M total

Nitrogen Fertilizer Segment$606.04M · 100.0%

Product / service

$606.04M total

Product UAN$374.32M · 61.8%

Product Ammonia$143.09M · 23.6%

Products Other$51.25M · 8.5%

Product Urea Products$37.38M · 6.2%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

8/9

Strong

✓Net income positive
✓Operating cash flow positive
✓ROA improved YoY
✓Cash flow > net income
-Long-term debt decreased
✓Current ratio improved
✓No share dilution
✓Gross margin improved
✓Asset turnover improved

Peer comparison

Same SIC group: Agricultural Chemicals

Company	Revenue (last FY)	Net margin	ROE
SMG	$3.41B	4.3%	-40.6%
CF	$7.08B	20.5%	30.1%
MOS	$12.05B	4.5%	4.5%
CBUS	$3.64M	-3492.3%	-582.2%
AVD	$515.11M	-9.7%	-25.9%

Comparing CVR PARTNERS against the 5 most active filers in the same SIC group.

Dividends

$12.28/share trailing 12 months · +73.0% YoY

Ex-date	Per share
May 11, 2026	$4.0000
Mar 2, 2026	$0.3700
Nov 10, 2025	$4.0200
Aug 11, 2025	$3.8900
May 12, 2025	$2.2600
Mar 3, 2025	$1.7500
Nov 8, 2024	$1.1900
Aug 12, 2024	$1.9000
May 10, 2024	$1.9200
Mar 1, 2024	$1.6800
Nov 10, 2023	$1.5500
Aug 11, 2023	$4.1400
May 12, 2023	$10.4300
Mar 3, 2023	$10.5000
Nov 10, 2022	$1.7700
Aug 11, 2022	$10.0500
May 12, 2022	$2.2600
Mar 4, 2022	$5.2400
Nov 10, 2021	$2.9300
Aug 12, 2021	$1.7200
Nov 1, 2019	$0.7000
Aug 2, 2019	$1.4000
May 3, 2019	$0.7000
Mar 1, 2019	$1.2000

Cells marked with a small ◇ are sourced from SEC's bulk Financial Statement Data Sets, which can lose dimensional context (notably Revenue and Operating Income for issuers that report by segment). These cells will be replaced with authoritative values from the Company Facts API as the backfill completes.