Latest Ratios: P/E Ratio 12.2x · EV/EBITDA 8.2x · ROE 35.3%. (2008–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.2B | $1.1B | $803M | $692M | $1.1B | $884M | $179M | $351M | $385M | $372M | $621M |
| Enterprise Value | $1.7B | $1.6B | $1.3B | $1.2B | $1.5B | $1.4B | $788M | $950M | $952M | $948M | $1.2B |
| P/E Ratio → | 12.22 | 10.99 | 13.19 | 4.02 | 3.72 | 11.31 | — | — | — | — | — |
| P/S Ratio | 1.99 | 1.79 | 1.53 | 1.02 | 1.28 | 1.66 | 0.51 | 0.87 | 1.10 | 1.12 | 1.74 |
| P/B Ratio | 4.53 | 4.08 | 2.74 | 2.29 | 2.59 | 2.58 | 0.57 | 0.84 | — | 0.68 | 0.99 |
| P/FCF | 12.19 | 10.96 | 7.08 | 3.16 | 4.15 | 5.26 | 157.04 | 17.13 | 30.99 | — | 28.56 |
| P/OCF | 8.05 | 7.24 | 5.33 | 2.84 | 3.53 | 4.68 | 9.09 | 8.97 | 11.95 | 35.73 | 13.81 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.65 | 2.49 | 1.76 | 1.84 | 2.60 | 2.25 | 2.35 | 2.71 | 2.87 | 3.34 |
| EV / EBITDA | 8.17 | 7.60 | 7.34 | 4.26 | 3.82 | 6.67 | 19.14 | 8.86 | 12.23 | 14.64 | 13.99 |
| EV / EBIT | 13.32 | 12.39 | 14.42 | 5.95 | 4.79 | 9.96 | — | 34.36 | 142.06 | — | 54.16 |
| EV / FCF | — | 16.27 | 11.54 | 5.46 | 5.98 | 8.25 | 690.26 | 46.34 | 76.63 | — | 54.67 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.0% | 27.0% | 22.6% | 34.1% | 42.2% | 30.4% | 7.1% | 14.0% | 9.0% | 5.0% | 15.7% |
| Operating Margin | 21.4% | 21.4% | 17.2% | 29.6% | 38.3% | 25.3% | -10.0% | 6.8% | 1.8% | -2.8% | 7.5% |
| Net Profit Margin | 16.3% | 16.3% | 11.6% | 25.3% | 34.3% | 14.7% | -28.1% | -8.7% | -14.2% | -22.0% | -7.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 35.3% | 35.3% | 20.4% | 48.3% | 76.1% | 23.8% | -26.8% | -1028.0% | -73.0% | -12.4% | -5.3% |
| ROA | 9.9% | 9.9% | 6.1% | 16.6% | 25.8% | 7.2% | -9.0% | -2.9% | -4.0% | -5.7% | -2.9% |
| ROIC | 12.2% | 12.2% | 8.4% | 17.9% | 27.8% | 11.4% | -2.7% | 3.5% | 0.7% | -0.6% | 2.4% |
| ROCE | 14.6% | 14.6% | 10.0% | 21.5% | 33.0% | 14.0% | -3.5% | 2.5% | 0.5% | -0.8% | 3.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.23 | 2.23 | 2.04 | 1.82 | 1.35 | 1.80 | 2.04 | 1.52 | — | 1.14 | 1.00 |
| Debt / EBITDA | 2.80 | 2.80 | 3.35 | 1.96 | 1.39 | 2.96 | 15.52 | 5.93 | 8.08 | 9.66 | 7.34 |
| Net Debt / Equity | — | 1.97 | 1.73 | 1.67 | 1.14 | 1.47 | 1.94 | 1.43 | — | 1.05 | 0.91 |
| Net Debt / EBITDA | 2.48 | 2.48 | 2.84 | 1.80 | 1.17 | 2.42 | 14.78 | 5.59 | 7.28 | 8.90 | 6.68 |
| Debt / FCF | — | 5.30 | 4.46 | 2.30 | 1.84 | 2.99 | 533.22 | 29.21 | 45.64 | — | 26.11 |
| Interest Coverage | 4.28 | 4.28 | 3.04 | 7.03 | 9.42 | 2.28 | -0.55 | 0.44 | 0.11 | -0.15 | 0.45 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.21 | 2.21 | 2.10 | 2.20 | 2.11 | 1.62 | 1.55 | 1.73 | 1.58 | 2.12 | 2.13 |
| Quick Ratio | 1.36 | 1.36 | 1.42 | 1.28 | 1.49 | 1.30 | 0.99 | 1.01 | 1.06 | 1.16 | 1.21 |
| Cash Ratio | 0.72 | 0.72 | 0.82 | 0.60 | 0.68 | 0.70 | 0.40 | 0.49 | 0.50 | 0.88 | 0.88 |
| Asset Turnover | — | 0.63 | 0.52 | 0.70 | 0.76 | 0.47 | 0.34 | 0.36 | 0.28 | 0.27 | 0.27 |
| Inventory Turnover | 5.35 | 5.35 | 5.38 | 6.49 | 6.23 | 7.09 | 7.68 | 6.44 | 5.02 | 5.81 | 5.16 |
| Days Sales Outstanding | — | 35.51 | 45.31 | 22.44 | 39.51 | 60.55 | 38.48 | 30.94 | 64.11 | 10.87 | 14.26 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 10.5% | 11.6% | 8.8% | 40.6% | 19.2% | 5.6% | — | 12.9% | — | 0.6% | 11.2% |
| Payout Ratio | 127.7% | 127.7% | 116.1% | 163.2% | 71.4% | 63.6% | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.2% | 9.1% | 7.6% | 24.9% | 26.9% | 8.8% | — | — | — | — | — |
| FCF Yield | 8.2% | 9.1% | 14.1% | 31.7% | 24.1% | 19.0% | 0.6% | 5.8% | 3.2% | — | 3.5% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 1.2% | 0.1% | 3.9% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 10.5% | 11.6% | 8.8% | 40.6% | 20.4% | 5.7% | 3.9% | 12.9% | 0.0% | 0.6% | 11.2% |
| Shares Outstanding | — | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $10M |
Commodity price volatility exposure
Based on current market data, UAN trades at a P/E of 11.73 and a 10.9% dividend yield, suggesting that investors are pricing the units primarily as a cash-flow-generative vehicle rather than a growth-oriented industrial entity, which contrasts with the valuation multiples observed in broader agricultural input peers.
The 11.73 P/E ratio appears to reflect the market's skepticism regarding the sustainability of peak nitrogen pricing, as the valuation is heavily influenced by the volatility of distributable cash flow. Investors should monitor whether this yield-focused pricing creates a floor for the stock or if it signals an underappreciation of the unique petcoke-based cost advantage.
According to historical financial statements, UAN's ROIC has fluctuated significantly, reaching a peak of 5.6% in 2026Q1, which indicates that the company's ability to compound capital is highly sensitive to plant utilization rates and the prevailing spread between feedstock costs and finished fertilizer market prices.
The modest ROIC levels suggest that the business struggles to consistently exceed its cost of capital during periods of commodity price compression. This performance warrants further investigation into whether the current maintenance capex requirements are effectively enhancing long-term asset reliability or merely sustaining existing production capacity.
As reported in recent quarterly filings, the cash conversion cycle has remained volatile, ranging from 52 to 74 days, which highlights the company's structural reliance on seasonal inventory management and the timing of accounts receivable collections relative to the peak spring and fall agricultural application windows.
The fluctuation in the CCC suggests that UAN's operational efficiency is less about internal process optimization and more about managing the inherent seasonality of the U.S. corn belt. Investors should monitor the DIO trend, as rising inventory levels may indicate a buildup of unsold product during periods of softening demand.
Based on an analysis of the MLP structure, the most commonly misapplied metric for UAN is GAAP net income, which often obscures the firm's true economic performance due to non-cash inventory adjustments and the specific accounting treatment of maintenance capital expenditures required for ongoing plant operations.
Analysts should prioritize Distributable Cash Flow (DCF) over net income to better assess the company's capacity to fund distributions and debt service. Relying on GAAP earnings may lead to an inaccurate assessment of the firm's financial health, as it fails to account for the lumpy nature of turnaround expenses.
Includes 30+ ratios · 18 years · Updated daily
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Quick answers to the most common questions about buying UAN stock.
CVR Partners, LP's current P/E ratio is 12.2x. The historical average is 10.5x. This places it at the 70th percentile of its historical range.
CVR Partners, LP's current EV/EBITDA is 8.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.7x.
CVR Partners, LP's return on equity (ROE) is 35.3%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 8.5%.
Based on historical data, CVR Partners, LP is trading at a P/E of 12.2x. This is at the 70th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
CVR Partners, LP's current dividend yield is 10.46% with a payout ratio of 127.7%.
CVR Partners, LP has 27.0% gross margin and 21.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
CVR Partners, LP's Debt/EBITDA ratio is 2.8x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.