FMC vs CVR Partners, LP
FMC is the larger business, with $3.47bn of revenue in fiscal 2025 against $606m for CVR Partners, LP (5.7 times as much). CVR Partners, LP grew faster (15.4% against -18.3%). CVR Partners, LP kept more of each dollar of sales as profit: a net margin of 16.3% against -64.6%.
| Latest fiscal year | FMCFMC, 2025 | CVR Partners, LPUAN, 2025 |
|---|---|---|
| Revenue | $3.47bn | $606m |
| Revenue growth | -18.3% | 15.4% |
| Net income | −$2.24bn | $98.7m |
| Operating margin | -47.0% | — |
| Net margin | -64.6% | 16.3% |
| Return on equity | -68.3% | — |
| Free cash flow | −$103m | $98.8m |
| Cash | $585m | $69.2m |
| Total debt | $4.07bn | $570m |
| Debt to equity | 196.7% | — |
| Dividend per share | $1.82 | — |
| Dividend yield | 11.9% | — |
| Share buybacks | $0 | — |
| Employees | 5,500 | 320 |
| Market value | $820m | $1.25bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 56 (Moderate) | 40 (Weak) |
| Insider trades, 12 months | 3 buys, 1 sales | 0 buys, 0 sales |