HF Sinclair Corporation

DINO Energy Oil & Gas Refining & Marketing

HF Sinclair Corporation’s revenue for fiscal 2025 (year ended December 2025) was $26.9 billion, down 5.99% from fiscal 2024. In the quarter to June 2026, revenue grew 53.2%, EPS grew 348.2%, free cash flow grew 191.2% and total debt rose 3.55%, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.

125.29 0.59 +0.47%
Market cap
$22.2B
P/E
12.0×
Fwd P/E
6.2×
Dividend yield
1.62%
F-score
7/9
Altman Z
3.15
Beneish M
−2.93
Dividend safety
65/100

Insider Decisions trades per month

Total buys 2.42
Total sells 1.73
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — 1 1 — 1 — —
Sell 1 — — — — — 3 1 — 1 — —
Insider Ownership 6.51%

Capital & Financial Ratios $m

Market Cap 22,170.00
Revenue 31,228.00
Net Income 1,921.00
Free Cash Flow 2,244.00
Net Debt 510.00
Current Ratio 1.97 (at or above 1.5: strong)
Debt/Equity 0.27 (at or below 0.5: strong)
P/E ratio 11.96
Fwd P/E 6.20
P/S ratio 0.72
P/B ratio 2.17
Past 5Y EPS Growth —
This Y EPS Growth 269.28% (at or above 15%: strong)
Next Y EPS Growth (21.74%) (below 0%: weak)
Next Y revenue growth 31.11% (at or above 10%: strong)
Next 5Y EPS Growth 19.17% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 71.68%
10-year low 10-year high
P/S against its own 10 years 96.13%
10-year low 10-year high
P/B against its own 10 years 99.59%
10-year low 10-year high
EV/Sales against its own 10 years 93.84%
10-year low 10-year high
EV/FCF against its own 10 years 44.53%
10-year low 10-year high

Dividends

Payout Ratio 0.19
Annual Dividend Rate 2.03
Annual Dividend Yield 1.62%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 2.05
0.50
0.50
0.53
2025 2.00
0.50
0.50
0.50
0.50
2024 2.00
0.50
0.50
0.50
0.50
2023 1.80
0.45
0.45
0.45
0.45
2022 1.20
0.40
0.40
0.40
2021 0.35
0.35
2020 35.70
17.50
17.50
0.35
0.35
2019 67.00
16.50
16.50
16.50
17.50
2018 66.00
16.50
16.50
16.50
16.50
2017 66.00
16.50
16.50
16.50
16.50
2016 66.00
16.50
16.50
16.50
16.50
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,354 800 978 2,262
Receivables 1,781 1,321 1,183 1,747
Inventory 2,922 2,798 2,573 3,276
Other 89 95 78 102
6,146 5,014 4,812 7,387
2023 2024 2025 Q'26
Payables 2,206 2,236 1,902 2,489
ST’ Debt — 350 — —
Other — — — —
2,775 3,043 2,485 3,748

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%)

Revenue $m

Mar Jun Sep Dec Year
’26 7,123 10,390 — — —
’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 — — —
’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 — — —
’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.

EPS $

Mar Jun Sep Dec Year
’26 3.56 4.93 — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

2.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 22.07 23.46 42.42 37.73 16.81 24.60 29.14 37.12 33.47 24.66

Analyst estimates 2026–2028

Powerpack
High 41.29 52.00 83.28 58.88 51.75 42.39 66.19 62.20 64.16 56.58
People
People Employees 2,676 3,522 3,622 4,074 3,891 4,208 5,223 5,218 5,297 5,165
Revenue/emp, $m 3.94 4.05 4.89 4.29 2.87 4.37 7.31 6.13 5.40 5.20
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
Gross margin, % 16.80 19.53 21.30 20.41 18.11 15.35 19.70 19.33 13.99 19.01
EBT (172) 869 1,524 1,172 (747) 787 3,936 2,153 218 732
EBT margin, % (1.63) 6.10 8.61 6.70 (6.68) 4.28 10.30 6.74 0.76 2.72
Net income (191) 881 1,177 872 (515) 663 3,041 1,711 184 586
Depreciation 1,017 429 437 663 1,066 504 657 771 832 909
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
Earnings (1.48) 4.54 6.25 4.64 (3.72) 3.39 14.28 8.29 0.91 3.08
Cash flow 3.45 5.40 8.88 9.31 2.83 2.50 18.65 12.09 5.78 7.05
Capex (2.72) (1.54) (1.76) (1.77) (2.03) (4.35) (2.57) (1.94) (2.43) (2.76)
Free cash flow 0.73 3.86 7.12 7.55 0.80 (1.85) 16.07 10.15 3.35 4.29
Book value 30.11 33.47 36.91 39.15 35.33 38.72 49.45 53.87 48.66 49.60
Shares, m 176 176 175 166 162 163 203 190 192 186
Valuation, ×
Valuation, × P/E 0.00 11.30 8.19 10.98 0.00 9.64 3.62 6.76 42.74 15.01
P/S 0.56 0.63 0.51 0.48 0.37 0.29 0.26 0.33 0.24 0.32
P/B 1.12 1.53 1.39 1.30 0.73 0.85 1.00 1.04 0.72 0.93
EV/Sales 0.67 0.77 0.58 0.58 0.55 0.45 0.30 0.39 0.30 0.40
EV/FCF 54.78 16.03 8.19 8.09 47.21 (27.72) 3.58 6.41 13.31 13.42
Cash, $m
Cash, $m Operating cash flow 607 951 1,554 1,549 458 407 3,777 2,297 1,110 1,315
Capex (479) (271) (308) (294) (329) (707) (521) (368) (466) (515)
Free cash flow 128 681 1,246 1,255 129 (300) 3,256 1,929 644 800
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
Total debt 2,235 2,499 2,412 2,602 3,287 3,232 3,255 2,739 2,638 2,769
Net debt 1,100 1,868 1,257 1,716 1,918 2,997 1,590 1,385 1,838 1,791
Shareholders’ equity 5,302 5,897 6,459 6,509 5,722 6,294 10,018 10,237 9,346 9,249
Returns, %
Returns, % ROA (2.93) 8.00 10.09 6.66 (5.10) 4.51 18.64 8.79 1.02 3.46
ROIC (1.00) 7.25 13.15 9.70 (6.00) 5.04 21.83 11.85 1.46 5.25
ROE (4.71) 14.38 17.71 11.90 (9.86) 9.17 35.47 15.56 1.79 6.17
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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 $115.4B 16.7× 9.2× +53.06% (above 0%: growing) +346.05% (above 0%: growing) +2,432.17% (above 0%: growing) 14.39% 9.14% Compare
DINO HF Sinclair Corporation $22.2B 12.0× 6.2× +53.15% (above 0%: growing) +348.18% (above 0%: growing) +191.21% (above 0%: growing) 21.72% 11.24%
PBF PBF Energy Inc. $10.3B 7.4× 4.0× +56.23% (above 0%: growing) n/m +4,076.29% (above 0%: growing) 15.56% 10.89% Compare
SUN Sunoco LP $9.9B 16.3× 7.2× +164.55% (above 0%: growing) +184.85% (above 0%: growing) +955.68% (above 0%: growing) 10.27% 4.09% Compare
UGP Ultrapar Participacoes S.A. $8.2B 12.4× — +36.71% (above 0%: growing) +61.11% (above 0%: growing) +873.56% (above 0%: growing) 11.12% 7.25% Compare
CVI CVR Energy Inc. $6.2B 90.3× 90.4× +55.48% (above 0%: growing) n/m +104.65% (above 0%: growing) 4.27% 2.85% Compare
IEP Icahn Enterprises L.P. $4.7B — (loss-making) 18.5× +25.58% (above 0%: growing) n/m +12.90% (above 0%: growing) 3.09% (8.67%) Compare
DK Delek US Holdings, Inc. $4.7B 20.8× 12.2× +47.83% (above 0%: growing) n/m +173.86% (above 0%: growing) 8.93% 7.40% Compare
PARR Par Pacific Holdings, Inc. $4.2B 4.8× 4.1× +56.80% (above 0%: growing) +707.63% (above 0%: growing) +176.88% (above 0%: growing) 28.72% 21.37% Compare
Median of peers $7.2B 16.3× 9.2× +54.27% +265.45% +525.22% 10.69% 7.33%

All 19 Oil & Gas Refining & Marketing stocks →

HF Sinclair Corporation (DINO) key facts

  • Concern: HF Sinclair Corporation’s revenue for fiscal 2025 (year ended December 2025) was $26.9 billion, down 5.99% from fiscal 2024.
  • HF Sinclair Corporation (DINO) is an Oil & Gas Refining & Marketing company in the Energy sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, DINO traded at $125.29, a market capitalization of $22.2 billion.
  • HF Sinclair Corporation pays an annual dividend of $2.03 per share, a yield of 1.62%, with a payout ratio of 19.3%.
  • Return on equity was 6.17% and debt-to-equity 0.27.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 3.15 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

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stockrow.com/DINO · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com