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HF Sinclair Corporation

DINO Energy Oil & Gas Refining & Marketing

Revenue
+49.7%
EPS
+429.3%
Free cash flow
+138.4%
Total debt
+0.22%

Quarter to September 2026, against a year earlier

98.54 6.03 −5.77%
Market cap
$16.8B
P/E
5.0×
Fwd P/E
4.4×
Dividend yield
2.06%
F-score
7/9
Altman Z
3.15
Beneish M
−2.93
Dividend safety
65/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Refining
  • Marketing
  • Lubricants & Specialties
  • Renewables
  • Midstream

Every year since 2020 →

Insider Decisions last twelve months

Bought, $m 3.52
Sold, $m 1.71
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — 1 1 — 1 — 1 —
Sell — — — — — 3 1 — 1 — — —
Insider Ownership 8.07%

Capital & Financial Ratios $m

Size
Market Cap 16,750.00
Revenue ttm 34,834.00
Net income ttm 3,533.00
Free cash flow ttm 3,200.00
Net debt Q (559.00)
Valuation
P/E 5.00
Forward P/E 4.35
Price / sales 0.50
Forward P/S Powerpack
Price / FCF 5.42
Price / book 1.47
Financial health
Current ratio Q 2.27 (at or above 1.5: strong)
Debt / equity Q 0.24 (at or below 0.5: strong)
Interest coverage Q 49.48
Growth
Revenue growth Q +49.73% (above 0%: growing)
Operating income growth Q +373.76% (above 0%: growing)
EPS, this year +364.40% (at or above 15%: strong)
EPS, next year A −32.11% (below 0%: weak)
Revenue, next year A +25.78% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +17.44% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.5×, against a ten-year median of 0.5×; over the ten years it ranged from 0.3× in 2023 to 1.0× in 2018.
P/E against its own 10 years 12.88%
10-year low 10-year high
P/S against its own 10 years 77.37%
10-year low 10-year high
P/B against its own 10 years 88.85%
10-year low 10-year high
EV/Sales against its own 10 years 51.67%
10-year low 10-year high
EV/FCF against its own 10 years 9.61%
10-year low 10-year high

Dividends

Yield
2.06%
Annual rate
2.03
Payout ratio
10.3%
Growth, 2018–26
−35.2%/yr
  1. 66.00 ’18
  2. 67.00 ’19 +2
  3. 35.70 ’20 −47
  4. 0.35 ’21 −99
  5. 1.20 ’22 +243
  6. 1.80 ’23 +50
  7. 2.00 ’24 +11
  8. 2.00 ’25 +0
  9. 2.05 ’26 +2
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,354 800 978 3,333
Receivables 1,781 1,321 1,183 2,139
Inventory 2,922 2,798 2,573 3,432
Other 89 95 78 91
6,146 5,014 4,812 8,995
2023 2024 2025 Q'26
Payables 2,206 2,236 1,902 2,611
ST’ Debt — 350 — —
Other — — — —
2,775 3,043 2,485 3,970

Compound Annual Growth %

10y 5y 3y
Sales 7.34% 19.16% (11.07%)
Cash Flow 2.92% 23.49% (29.65%)
Earnings (2.48%) 0.00% (41.68%)
Book Value 4.76% 10.08% (2.63%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 8.17 Actual 11.75

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.44 1.20 Beat by 0.76
Q1 FY26 −0.15 0.69 Beat by 0.84
Q2 FY26 4.39 5.31 Beat by 0.92
Q3 FY26 8.17 11.75 Beat by 3.58
Q4 FY26 7.76 — Reports 17 February 2027

EPS $

Mar Jun Sep Dec Year
’26 3.56 4.93 11.38 — —
’25 (0.02) 1.10 2.15 (0.16) 3.08
’24 1.57 0.79 (0.40) (1.14) 0.91
’23 1.79 2.62 4.23 (0.34) 8.29
’22 0.90 5.43 4.45 2.92 14.28
’21 0.90 1.03 1.71 (0.24) 3.39
’20 (1.88) (1.09) (0.01) (0.73) (3.72)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 7,123 10,390 10,857 — —
’25 6,370 6,784 7,251 6,464 26,869
’24 7,027 7,846 7,207 6,500 28,580
’23 7,565 7,834 8,905 7,660 31,964
’22 7,459 11,162 10,599 8,985 38,205
’21 3,504 4,577 4,685 5,623 18,389
’20 3,401 2,063 2,819 2,901 11,184
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 457 1,510 1,784 — —
’25 (89) 587 809 8 1,315
’24 317 224 709 (140) 1,110
’23 178 490 1,399 230 2,297
’22 461 1,528 873 915 3,777
’21 62 428 249 (333) 407
’20 190 119 82 67 458
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 355 1,392 1,647 — —
’25 (175) 478 691 (194) 800
’24 229 140 586 (311) 644
’23 79 410 1,333 107 1,929
’22 305 1,370 773 808 3,256
’21 (88) 252 133 (598) (300)
’20 106 73 0 (50) 129
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing −12.3% a year for ten years. It grew 14.8% a year over the last ten.

Implied
−12.3%
10 years, reported
14.8%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 10,536 14,251 17,715 17,487 11,184 18,389 38,205 31,964 28,580 26,869 34,834 +11.0% 33,795 32,832 30,260 +4.0%
Gross margin, % 16.80 19.53 21.30 20.41 18.11 15.35 19.70 19.33 13.99 19.01 24.57 +2.2 pt
EBT (172) 869 1,524 1,172 (747) 787 3,936 2,153 218 732 4,619 n/m
EBT margin, % (1.63) 6.10 8.61 6.70 (6.68) 4.28 10.30 6.74 0.76 2.72 13.26 +4.4 pt
Net income (191) 881 1,177 872 (515) 663 3,041 1,711 184 586 3,533 n/m
Per share, $
Per share, $ Revenue 59.83 80.89 101.22 105.16 69.04 113.12 188.61 168.20 148.80 144.10 198.07 +10.3%
Earnings (1.48) 4.54 6.25 4.64 (3.72) 3.39 14.28 8.29 0.91 3.08 19.71 n/m
Cash flow 3.45 5.40 8.88 9.31 2.83 2.50 18.65 12.09 5.78 7.05 21.37 +8.3%
Capex (2.72) (1.54) (1.76) (1.77) (2.03) (4.35) (2.57) (1.94) (2.43) (2.76) (3.18) +0.2%
Free cash flow 0.73 3.86 7.12 7.55 0.80 (1.85) 16.07 10.15 3.35 4.29 18.20 +21.8%
Book value 30.11 33.47 36.91 39.15 35.33 38.72 49.45 53.87 48.66 49.60 67.00 +5.7%
Shares, m 176 176 175 166 162 163 203 190 192 186 181 +0.6%
Valuation, ×
Valuation, × P/E 0.00 11.30 8.19 10.98 0.00 9.64 3.62 6.76 42.74 15.01 5.00 10.8
P/S 0.56 0.63 0.51 0.48 0.37 0.29 0.26 0.33 0.24 0.32 0.50 0.4
P/B 1.12 1.53 1.39 1.30 0.73 0.85 1.00 1.04 0.72 0.93 1.47 1.1
EV/Sales 0.67 0.77 0.58 0.58 0.55 0.45 0.30 0.39 0.30 0.40 0.49 0.5
EV/FCF 54.78 16.03 8.19 8.09 47.21 (27.72) 3.58 6.41 13.31 13.42 5.35 14.3
Cash, $m
Cash, $m Operating cash flow 607 951 1,554 1,549 458 407 3,777 2,297 1,110 1,315 3,759 +9.0%
Capex (479) (271) (308) (294) (329) (707) (521) (368) (466) (515) (559) +0.8%
Free cash flow 128 681 1,246 1,255 129 (300) 3,256 1,929 644 800 3,200 +22.6%
Balance, $m
Balance, $m Working capital 1,768 1,640 2,128 1,620 1,936 1,697 3,503 3,371 1,971 2,327 5,025 +3.1%
Net debt 1,100 1,868 1,257 1,716 1,918 2,997 1,590 1,385 1,838 1,791 (559) +5.6%
Shareholders’ equity 5,302 5,897 6,459 6,509 5,722 6,294 10,018 10,237 9,346 9,249 11,784 +6.4%
Returns, %
Returns, % ROA (2.93) 8.00 10.09 6.66 (5.10) 4.51 18.64 8.79 1.02 3.46 18.45 +6.4 pt
ROIC (1.00) 7.25 13.15 9.70 (6.00) 5.04 21.83 11.85 1.46 5.25 26.14 +6.3 pt
ROE (4.71) 14.38 17.71 11.90 (9.86) 9.17 35.47 15.56 1.79 6.17 32.92 +10.9 pt
People
People Employees 2,676 3,522 3,622 4,074 3,891 4,208 5,223 5,218 5,297 5,165 — +7.6%
Revenue/emp, $m 3.94 4.05 4.89 4.29 2.87 4.37 7.31 6.13 5.40 5.20 — +3.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Business profile

Updated

HF Sinclair is an independent energy company that turns crude oil and other raw materials into fuels and specialty products. Founded in 1947 and headquartered in Dallas, it sells gasoline, diesel and jet fuel, as well as renewable diesel, lubricants and asphalt.

Its refining customers include other refiners, fuel marketers, retailers, truck stop chains and railroads. The company also sells fuel to branded sites and licenses the Sinclair name to additional locations. Its lubricants businesses supply products for uses ranging from vehicles and industrial equipment to food processing and personal care.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Refining 20,536 76.43%
Marketing 3,142 11.69%
Lubricants & Specialties 2,519 9.38%
Renewables 551 2.05%
Midstream 121 0.45%
Gross margin 19.01%
Operating margin 3.45%
Pre-tax margin 2.72%

Revenue by segment since 2020

HF Sinclair Corporation vs peers in Oil & Gas Refining & Marketing (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
PSX Phillips 66 $96.4B 7.9× 8.9× +46.43% (above 0%: growing) +4,338.63% (above 0%: growing) +936.26% (above 0%: growing) 19.24% 13.46% Compare
DINO HF Sinclair Corporation $16.8B 5.0× 4.4× +49.73% (above 0%: growing) +429.30% (above 0%: growing) +138.35% (above 0%: growing) 35.41% 24.61%
SUN Sunoco LP $12.6B 10.3× 7.3× +198.89% (above 0%: growing) +225.00% (above 0%: growing) +181.78% (above 0%: growing) 8.65% 4.10% Compare
PBF PBF Energy Inc. $8.3B 3.0× 2.7× +58.58% (above 0%: growing) +765.99% (above 0%: growing) +3,603.79% (above 0%: growing) 23.56% 17.32% Compare
UGP Ultrapar Participacoes S.A. $6.0B 8.8× — +36.71% (above 0%: growing) +61.11% (above 0%: growing) +873.56% (above 0%: growing) 11.12% 7.25% Compare
CVI CVR Energy Inc. $4.0B 15.6× 20.1× +68.78% (above 0%: growing) +50.59% (above 0%: growing) +374.40% (above 0%: growing) 23.86% 22.07% Compare
DK Delek US Holdings, Inc. $3.8B 17.0× 5.8× +47.83% (above 0%: growing) n/m +173.86% (above 0%: growing) 8.93% 7.40% Compare
IEP Icahn Enterprises L.P. $3.7B — (loss-making) 18.5× +16.37% (above 0%: growing) n/m +400.00% (above 0%: growing) 0.00% 0.00% Compare
PARR Par Pacific Holdings, Inc. $3.4B 3.5× 3.4× +51.64% (above 0%: growing) +38.16% (above 0%: growing) +328.39% (above 0%: growing) 23.43% 15.47% Compare
Median of peers $5.0B 8.8× 7.3× +49.73% +143.06% +387.20% 15.18% 10.43%

All 19 Oil & Gas Refining & Marketing stocks →

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Freedom Broker Oct 17, 2026 Target raised — 73.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 87.38%
Held by the ten largest 48.68%
Holder Shares Stake Change
BlackRock 18.54m 10.43% −178.10k
Vanguard 17.04m 9.58% −334.29k
TCTC Holdings, LLC 12.33m 6.94% −496.00
Dimensional Fund Advisors 9.53m 5.36% +282.95k
State Street 6.42m 3.61% −241.14k
Charles Schwab 5.57m 3.14% +298.94k
Victory Capital 4.64m 2.61% +413.85k
AQR Capital Management 4.58m 2.57% −499.08k
Citadel Advisors 4.26m 2.40% +3.98m
LSV ASSET MANAGEMENT 3.63m 2.04% −32.90k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

HF Sinclair Corporation (DINO) Latest News

3 Nov

Impact 3 · · Zacks

2 Nov

Impact 3 · · Trefis

29 Oct

Impact 4 · · cstoredive.com
Impact 4 · · Zacks

28 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Associated Press
Impact 4 · · Moby
Impact 4 · · The Motley Fool transcript
Impact 4 · · MarketBeat
Impact 4 · · Zacks
Impact 4 · · Business Wire
Impact 3 · · Trefis

26 Oct

Impact 3 · · Zacks

23 Oct

Impact 3 · · Zacks

22 Oct

Impact 4 · · Zacks
Impact 3 · · Zacks

21 Oct

Impact 4 · · Zacks
Impact 4 · · Zacks
Impact 3 · · Zacks

17 Oct

Impact 4 · · Simply Wall St.

16 Oct

Impact 3 · · Zacks

13 Oct

Impact 3 · · Zacks

12 Oct

Impact 3 · · Zacks

9 Oct

Impact 4 · · Zacks
Impact 3 · · Zacks

6 Oct

Impact 3 · · Zacks

5 Oct

Impact 4 · · Zacks
Impact 3 · · Zacks

2 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.

DINO metrics, ten years each

stockrow.com/DINO · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com