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ICL vs Cvr Partners: revenue, profit, margins and growth compared

ICL brought in $7.2B of revenue in fiscal 2025, Cvr Partners $606M in fiscal 2025. Revenue changed by +4.6% at ICL and +15.4% at Cvr Partners on the year before, so Cvr Partners grew faster. ICL kept 3.2% of its revenue as net profit, Cvr Partners 16.3%.

Side by side, latest fiscal year

ICLUAN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$7.2B$606M
Revenue growth+4.6%+15.4%
Net income$226M$98.7M
Net margin3.2%16.3%
Free cash flown/a$98.8M
Free cash flow marginn/a16.3%
Earnings per share (diluted)$0.18$9.33
Cash$291M$69.2M
Debtn/a$569.8M
Price to earningsn/a13.2
Market value$6.6B$1.3B
Dividend yieldn/an/a
Rank by revenue in sector#95 of 451 · Industrials#303 of 451 · Industrials

Over the years

Revenue
ICL FY2018: $5.6BICL FY2019: $5.3BICL FY2020: $5BICL FY2021: $7BICL FY2022: $10BICL FY2023: $7.5BICL FY2024: $6.8BICL FY2025: $7.2BUAN FY2018: $351.1MUAN FY2019: $404.2MUAN FY2020: $350MUAN FY2021: $532.6MUAN FY2022: $835.6MUAN FY2023: $681.5MUAN FY2024: $525.3MUAN FY2025: $606MFY18FY19FY20FY21FY22FY23FY24FY25
ICL $7.2BUAN $606M
Net income
ICL FY2018: $1.2BICL FY2019: $475MICL FY2020: $11MICL FY2021: $783MICL FY2022: $2.2BICL FY2023: $647MICL FY2024: $407MICL FY2025: $226MUAN FY2018: -$50MUAN FY2019: -$35MUAN FY2020: -$98.2MUAN FY2021: $78.2MUAN FY2022: $286.8MUAN FY2023: $172.4MUAN FY2024: $60.9MUAN FY2025: $98.7MFY18FY19FY20FY21FY22FY23FY24FY25
ICL $226MUAN $98.7M
Net margin
ICL FY2018: 22.3%ICL FY2019: 9.0%ICL FY2020: 0.2%ICL FY2021: 11.3%ICL FY2022: 21.6%ICL FY2023: 8.6%ICL FY2024: 5.9%ICL FY2025: 3.2%UAN FY2018: -14.2%UAN FY2019: -8.7%UAN FY2020: -28.1%UAN FY2021: 14.7%UAN FY2022: 34.3%UAN FY2023: 25.3%UAN FY2024: 11.6%UAN FY2025: 16.3%FY18FY19FY20FY21FY22FY23FY24FY25
ICL 3.2%UAN 16.3%
Revenue growth
ICL FY2019: -5.1%ICL FY2020: -4.3%ICL FY2021: +37.9%ICL FY2022: +44.0%ICL FY2023: -24.8%ICL FY2024: -9.2%ICL FY2025: +4.6%UAN FY2019: +15.1%UAN FY2020: -13.4%UAN FY2021: +52.2%UAN FY2022: +56.9%UAN FY2023: -18.4%UAN FY2024: -22.9%UAN FY2025: +15.4%FY19FY20FY21FY22FY23FY24FY25
ICL +4.6%UAN +15.4%
Free cash flow
UAN FY2018: $12.4MUAN FY2019: $20.5MUAN FY2020: $1.1MUAN FY2021: $168.1MUAN FY2022: $256.8MUAN FY2023: $219.3MUAN FY2024: $113.5MUAN FY2025: $98.8MFY18FY19FY20FY21FY22FY23FY24FY25
ICLUAN $98.8M

Fiscal years as each company reports them; the two may end in different months.

Questions about ICL and Cvr Partners

Which is bigger by revenue, ICL or Cvr Partners?

ICL is bigger by revenue: $7.2B in fiscal 2025, against $606M for Cvr Partners in fiscal 2025.

Which keeps more of its revenue as profit, ICL or Cvr Partners?

ICL had a net margin of 3.2% in fiscal 2025; Cvr Partners had 16.3% in fiscal 2025.

Which grew revenue faster, ICL or Cvr Partners?

In their latest fiscal years revenue changed by +4.6% at ICL and +15.4% at Cvr Partners.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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