What is the purpose of comparing CVR Partners with Latham Group on this page?

The page compares two different business models and capital structures to help readers understand how each operates within its market, how they generate revenue, and how risks and opportunities differ. It does not make recommendations; instead, it presents data points, trends, and context to aid informed understanding of both stocks in a neutral framework.

How should I interpret earnings and revenue figures side by side for the two stocks?

Earnings per share (EPS) and net sales provide different insights: EPS reflects profitability on a per-share basis, while revenue shows top‑line activity. For CVR Partners, recent earnings exceeded expectations but revenue declined in 2024. For Latham, phrasing focuses on backlog and project-driven revenue. Compare both metrics to gauge profitability against sales growth or decline.

What does ‘backlog’ mean, and why is it relevant for Latham Group?

Backlog represents signed contracts or orders expected to be fulfilled in the future. It provides visibility into future revenue and cash flow. For Latham Group, backlog growth implies potential revenue visibility and scaling opportunities as projects advance, though execution and costs may affect eventual profitability.

What should I consider about CVR Partners’ debt when evaluating risk?

CVR Partners carries a relatively high debt-to-equity ratio, signalling higher financial leverage. Investors should assess interest burden, maturity profiles, and whether cash flows from operations are sufficient to service debt during downturns in fertilizer markets, alongside other risk factors such as commodity price volatility.

How does market volatility affect the two stocks differently?

CVR Partners faces commodity-driven risk due to fertilizer pricing cycles, which can compress margins during downturns. Latham Group’s performance is tied to construction activity and public spending, making it sensitive to economic cycles but potentially steadier in regions with robust infrastructure investment, subject to competitive pricing pressures.

What role does efficiency and utilisation play in comparing CVR Partners with Latham Group?

CVR Partners reports high plant utilisation and positive cash flow, indicating efficient asset use and potential growth capacity within its niche. In contrast, Latham Group focuses on project execution and diversification across states, where operational efficiency and cost control directly impact margins amid competitive bidding.

How do external factors like supply and demand affect each stock’s earnings trajectory?

Fertiliser markets are sensitive to commodity cycles, so CVR Partners’ earnings can swing with energy and feedstock prices. Public works spending and infrastructure demand influence Latham Group’s revenue potential. Both faces external factors, but the drivers differ: commodity volatility for CVR Partners and macroeconomic cycles for Latham.

What data should a beginner prioritise when comparing these stocks side by side?

Prioritise revenue and earnings trends, debt levels, cash flow, and capital expenditure requirements. Also review backlog for Latham and utilisation rates for CVR Partners. Understanding volatility exposure and regulatory or contract risks helps contextualise performance beyond headline numbers.

How should I use this page to form a neutral understanding of the stocks?

Use the balanced sections on business models, market context, and risk factors to form a neutral view. Focus on data rather than forward-looking opinions, compare underlying drivers of profit, and note any highlighted risks such as debt or volatility that could affect future performance.

What is the educational disclaimer of this page?

This page presents educational content comparing CVR Partners and Latham Group in a neutral, non-advisory manner. It is not intended as financial advice, and readers should consider their own circumstances and consult a professional before making investment decisions.

CVR Partners vs Latham

CVR Partners produces nitrogen fertilizer from petroleum coke at its U.S. facilities, linking its earnings directly to natural gas prices and agricultural commodity cycles, while Latham Group manufactures fiberglass swimming pools for residential customers whose renovation appetite tracks housing market sentiment. Both companies sell big-ticket products to end markets that swing sharply with macroeconomic conditions. The CVR Partners vs Latham comparison reveals how input cost volatility, seasonal demand patterns, and capital return structures differ between a commodity-driven fertilizer producer and a consumer-facing pool manufacturer.

Comparison Snapshot

Key Financial Metrics

UAN

Metric

SWIM

$1.38B

Market Cap

$704.10M

N/A

Potential Profit

27.39%

N/A

Analyst Rating

Buy

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CVR Partners vs Ecovyst

CVR Partners produces nitrogen fertilizers at its U.S. plants and sells them to corn belt farmers, while Ecovyst supplies specialty silicas and sulfuric acid regeneration services to refinery and industrial customers. Both companies serve process industries where commodity input costs and industrial demand drive earnings swings. CVR Partners vs Ecovyst compares a nitrogen fertilizer MLP that pays out nearly all cash flow against a specialty chemical and services company reinvesting for growth.

CVR Partners vs McEwen

CVR Partners produces nitrogen fertilizers from petroleum coke feedstock at its Kansas facilities and distributes nearly all available cash to unitholders as an MLP, making its payout a direct function of fertilizer pricing and natural gas costs while McEwen Mining explores and extracts gold and silver with a founder-driven philosophy and a gold royalty subsidiary it's been quietly building alongside the operating mines. Both companies operate in commodities but respond to entirely different supply-demand dynamics and carry completely different capital return philosophies and balance sheet structures. The CVR Partners vs McEwen comparison reveals which commodity play actually delivers more cash to its owners after covering the ongoing capital requirements of the underlying business through a full cycle.

CVR Partners vs Stepan

CVR Partners produces nitrogen fertilizers from petroleum coke and natural gas at its US facilities while Stepan Company manufactures surfactants, polymers, and specialty chemicals used across consumer products, agriculture, and industrial applications, pairing a commodity fertilizer producer against a more diversified specialty chemical manufacturer. Both companies convert hydrocarbon feedstocks into value-added products, so natural gas and energy prices run directly through both cost structures in meaningful ways. The CVR Partners vs Stepan comparison examines fertilizer pricing cycles, specialty chemical margin profiles, and which business offers more earnings stability across different commodity price environments over time.

Investment Analysis

CVR Partners

UAN

Pros

CVR Partners reported strong Q3 2025 earnings with EPS of $4.08 and net sales of $164 million, exceeding market expectations.
The company operates two nitrogen fertilizer plants with unique feedstock processes, including petroleum coke gasification, providing operational diversity.
CVR Partners maintains high plant utilization with 101% combined ammonia production and positive cash flow generation supporting growth.

Considerations

Revenue declined by 22.91% in 2024 compared to the previous year, with earnings down 64.68%, indicating recent profitability pressure.
The stock has a relatively high debt-to-equity ratio of 1.80, raising concerns about financial leverage and risk.
Fertilizer prices are subject to supply-demand fluctuations and commodity volatility, exposing the company to cyclical market risks.

Latham

SWIM

Pros

Latham Group, Inc. focuses on infrastructure, providing essential construction services that benefit from ongoing government spending on public works.
The company has diversified operations across multiple states, reducing exposure to regional economic downturns.
Recent contract wins and backlog growth signal positive revenue visibility and scaling opportunities.

Considerations

Latham Group operates in a highly competitive industry with thin margins and exposure to fluctuating commodity costs impacting profitability.
The company’s earnings are sensitive to economic cycles, making it vulnerable to downturns in construction demand.
Execution risks related to large project management and regulatory compliance remain potential headwinds for timely delivery and cost control.

About CVR Partners and Latham

CVR Partners (UAN)

CVR Partners, LP owns, operates and grows its nitrogen fertilizer business. The Company produces and distributes nitrogen fertilizer products, which are used by farmers to improve the yield and quality of their crops, primarily corn and wheat. It produces these products at two manufacturing facilities, one located in Coffeyville, Kansas, operated by its subsidiary, Coffeyville Resources Nitrogen Fertilizers, LLC, and one located in East Dubuque, Illinois operated by its subsidiary, East Dubuque Nitrogen Fertilizers, LLC. The facilities manufacture ammonia and can further upgrade such ammonia to other nitrogen fertilizer products, principally urea ammonium nitrate (UAN). Its products are sold on a wholesale basis in the United States of America. Coffeyville, Kansas, nitrogen fertilizer manufacturing facility includes a 1,300-ton-per-day ammonia unit, a 3,100-ton-per-day UAN unit and a dual-train gasifier complex with a capacity of 89 million standard cubic feet per day of hydrogen.

Latham (SWIM)

Latham Group, Inc. is a prominent designer, manufacturer, and marketer of in-ground residential swimming pools. Operating in North America, Australia, and New Zealand, the company offers a comprehensive portfolio of pools and related products. Its main offerings include customisable fibreglass pools, packaged pools, vinyl pool liners, and safety covers. Under its master brand, Latham, the Pool Company, it manages several sub-brands like Narellan, Radiant, and CoverStar. The company aims to be a one-stop shop for homeowners looking to install or upgrade a pool, providing a wide variety of shapes, sizes, and features. For investors, Latham represents a business tied to the home improvement and outdoor living markets, which can be influenced by consumer spending habits and housing trends. As with any investment, its value can go down as well as up.

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CVR Partners vs Latham

Comparison Snapshot