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Delek US Holdings, Inc.

DK Energy Oil & Gas Refining & Marketing

Delek US Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $10.7 billion, down 9.53% from fiscal 2024.

Revenue
+47.8%
EPS
+256.8%
Free cash flow
+173.9%
Total debt
+2.87%

Quarter to June 2026, against a year earlier

70.33 3.24 −4.40%
Market cap
$4.5B
P/E
19.1×
Fwd P/E
5.8×
Dividend yield
1.45%
F-score
5/9
Altman Z
1.74
Beneish M
−3.34
Dividend safety
14/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 46.52
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — 12 1 6 2 — 7 4 — —
Insider Ownership 2.44%

Capital & Financial Ratios $m

Size
Market Cap 4,500.00
Revenue ttm 12,056.50
Net income ttm 281.10
Free cash flow ttm 672.30
Net debt Q 2,561.10
Valuation
P/E 19.11
Forward P/E 5.75
Price / sales 0.36
Forward P/S Powerpack
Price / FCF 6.41
Price / book 10.20 (above 6: high)
Financial health
Current ratio Q 0.76 (below 1: weak)
Debt / equity Q 7.55 (above 2: weak)
Interest coverage Q 3.02
Growth
Revenue growth Q +47.83% (above 0%: growing)
Operating income growth Q +1,002.69% (above 0%: growing)
EPS, this year +175.45% (at or above 15%: strong)
EPS, next year A −39.77% (below 0%: weak)
Revenue, next year A +35.02% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +50.48% (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 0.6×, against a ten-year median of 0.4×; over the ten years it ranged from 0.2× in 2023 to 0.7× in 2018.
P/E against its own 10 years 73.23%
10-year low 10-year high
P/S against its own 10 years 88.36%
10-year low 10-year high
P/B against its own 10 years 98.46%
10-year low 10-year high
EV/Sales against its own 10 years 96.55%
10-year low 10-year high
EV/FCF against its own 10 years 41.97%
10-year low 10-year high

Dividends raised 3 years running

Yield
1.45%
Annual rate
1.02
Payout ratio
28.7%
Growth, 2016–25
+6.07%/yr
  1. 0.60 ’16
  2. 0.60 ’17 +0%
  3. 0.96 ’18 +60%
  4. 1.14 ’19 +19%
  5. 0.93 ’20 −18%
  6. 0.41 ’22 −56%
  7. 0.93 ’23 +126%
  8. 1.01 ’24 +9%
  9. 1.02 ’25 +1%
  10. 1.01 ’26e −1%
paid forecast Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 822 736 626 629
Receivables 784 618 649 866
Inventory 941 893 726 999
Other 78 86 68 109
2,666 2,332 2,068 2,603
2023 2024 2025 Q'26
Payables 1,814 1,814 1,634 1,853
ST’ Debt 45 10 10 9
Other 0 — — —
2,685 2,516 2,529 3,411

Compound Annual Growth %

10y 5y 3y
Sales 8.41% 7.99% (18.49%)
Cash Flow 11.53% 0.00% 8.00%
Earnings 0.00% 0.00% 0.00%
Book Value (8.66%) (13.42%) (20.01%)

Earnings Trends EPS, adjusted, against the consensus

Jun 2026 Estimate 2.21 Actual 5.48

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2025 0.28 1.52 Beat by 1.24
Dec 2025 −0.25 0.44 Beat by 0.69
Mar 2026 −1.56 0.08 Beat by 1.64
Jun 2026 2.21 5.48 Beat by 3.27
Sep 2026 7.59 — Reports 6 November 2026

EPS $

Mar Jun Sep Dec Year
’26 (3.34) 2.71 — — —
’25 (2.78) (1.76) 2.93 1.26 (0.38)
’24 (0.51) (0.58) (1.20) (6.55) (8.77)
’23 0.95 (0.13) 1.97 (2.57) 0.30
’22 0.09 5.05 0.10 (1.73) 3.59
’21 (0.85) (0.65) 0.24 (0.57) (1.73)
’20 (4.28) 1.18 (1.20) (3.98) (8.26)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 2,653 4,087 — — —
’25 2,642 2,765 2,887 2,429 10,723
’24 3,128 3,308 3,042 2,374 11,852
’23 3,924 4,196 4,629 3,718 16,467
’22 4,459 5,983 5,325 4,034 19,801
’21 2,392 2,192 2,957 3,108 10,648
’20 1,821 1,536 2,063 1,882 7,302
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 461 263 — — —
’25 (62) 51 44 503 536
’24 167 (48) (22) (163) (67)
’23 395 95 433 91 1,014
’22 27 559 130 (291) 425
’21 (34) 169 75 161 371
’20 (154) (169) (77) 117 (283)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 268 86 — — —
’25 (198) (116) (66) 385 4
’24 128 (119) (140) (356) (487)
’23 183 29 389 18 619
’22 (4) 489 35 (380) 140
’21 (83) 95 46 102 160
’20 (343) (217) (83) 89 (555)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
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 Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 4,198 7,267 10,233 9,298 7,302 10,648 19,801 16,467 11,852 10,723 12,057 +11.0% 14,478 13,422 11,662 +2.8%
Gross margin, % 0.76 5.94 9.51 9.57 (3.57) 2.35 3.78 3.33 (0.36) 5.71 7.12 +4.9 pt
EBT (391) 299 486 403 (767) (137) 322 17 (706) 39 310 n/m
EBT margin, % (9.32) 4.12 4.74 4.33 (10.51) (1.29) 1.63 0.10 (5.96) 0.36 2.57 +9.7 pt
Net income (133) 323 375 336 (574) (95) 291 47 (521) 43 281 n/m
Per share, $
Per share, $ Revenue 67.79 101.54 123.59 122.58 99.21 143.93 279.72 251.77 185.53 176.64 196.63 +11.2%
Earnings (2.49) 4.04 4.18 4.09 (8.26) (1.73) 3.63 0.30 (8.77) (0.38) 3.68 (18.9%)
Cash flow 4.01 4.47 6.77 7.58 (3.84) 5.02 6.01 15.50 (1.05) 8.83 20.73 +9.2%
Capex (0.76) (2.48) (3.78) (5.80) (3.70) (2.86) (4.03) (6.04) (6.58) (8.76) (9.76) +31.3%
Free cash flow 3.25 1.99 2.99 1.79 (7.54) 2.16 1.97 9.46 (7.63) 0.07 10.96 (35.0%)
Book value 19.10 27.45 21.84 24.20 15.29 13.71 15.11 14.67 9.00 9.02 6.89 (8.0%)
Shares, m 62 72 83 76 74 74 71 65 64 61 61 (0.2%)
Valuation, ×
Valuation, × P/E 0.00 10.33 7.80 8.28 0.00 0.00 7.20 109.88 0.00 0.00 19.11 14.3
P/S 0.37 0.35 0.26 0.27 0.16 0.10 0.09 0.10 0.10 0.17 0.36 0.2
P/B 1.32 1.31 1.49 1.39 1.05 1.09 1.71 1.80 2.05 3.29 10.20 1.6
EV/Sales 0.41 0.43 0.33 0.39 0.38 0.23 0.20 0.21 0.27 0.41 0.57 0.3
EV/FCF 8.49 21.77 13.71 27.00 (4.94) 15.43 28.90 5.66 (6.59) 1,075.07 10.22 118.4
Cash, $m
Cash, $m Operating cash flow 248 320 560 575 (283) 371 425 1,014 (67) 536 1,271 +8.9%
Capex (47) (177) (313) (440) (272) (211) (286) (395) (420) (532) (598) +31.0%
Free cash flow 201 142 248 135 (555) 160 140 619 (487) 4 672 (35.1%)
Balance, $m
Balance, $m Working capital 462 (60) 757 607 396 (107) 631 (19) (184) (461) (808) n/m
Net debt 144 534 704 1,112 1,561 1,362 2,212 1,778 2,030 2,607 2,561 +38.0%
Shareholders’ equity 1,183 1,964 1,808 1,835 1,125 1,014 1,070 960 575 547 423 (8.2%)
Returns, %
Returns, % ROA (4.88) 6.48 5.82 4.86 (9.30) (1.98) 3.43 0.26 (8.10) (0.34) 3.07 +4.5 pt
ROIC (2.32) 4.51 15.22 10.44 (17.04) (0.91) 8.71 5.59 (11.79) 5.96 12.22 +8.3 pt
ROE (12.12) 18.36 18.03 17.05 (41.31) (12.00) 24.68 1.95 (73.02) (4.06) 62.57 +8.1 pt
People
People Employees 1,326 3,941 3,717 3,814 3,532 3,312 3,746 3,591 1,987 1,902 — +4.1%
Revenue/emp, $m 3.17 1.84 2.75 2.44 2.07 3.22 5.29 4.59 5.96 5.64 — +6.6%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Delek US Holdings, Inc. 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
SUN Sunoco LP $14.5B 15.6× 7.3× +164.55% (above 0%: growing) +184.85% (above 0%: growing) +955.68% (above 0%: growing) 10.27% 4.09% Compare
PBF PBF Energy Inc. $9.3B 6.8× 2.7× +56.23% (above 0%: growing) +15,420.00% (above 0%: growing) +4,076.29% (above 0%: growing) 15.56% 10.89% Compare
UGP Ultrapar Participacoes S.A. $6.2B 9.2× — +36.71% (above 0%: growing) +61.11% (above 0%: growing) +873.56% (above 0%: growing) 11.12% 7.25% Compare
CVI CVR Energy Inc. $5.9B 85.8× 20.1× +55.48% (above 0%: growing) n/m +104.65% (above 0%: growing) 4.27% 2.85% Compare
DK Delek US Holdings, Inc. $4.5B 20.0× 5.8× +47.83% (above 0%: growing) n/m +173.86% (above 0%: growing) 8.93% 7.40%
PARR Par Pacific Holdings, Inc. $3.8B 4.4× 3.4× +56.80% (above 0%: growing) +707.63% (above 0%: growing) +176.88% (above 0%: growing) 28.72% 21.37% Compare
IEP Icahn Enterprises L.P. $3.7B — (loss-making) 18.5× +25.58% (above 0%: growing) n/m +12.90% (above 0%: growing) 3.09% (8.67%) Compare
DKL Delek Logistics Partners, L.P. $3.2B 19.5× 16.1× +56.18% (above 0%: growing) −34.94% (below 0%: shrinking) +193.34% (above 0%: growing) 17.18% 16.09% Compare
WKC World Kinect Corporation $1.9B — (loss-making) 12.2× +50.29% (above 0%: growing) n/m −363.91% (below 0%: shrinking) 2.69% 0.71% Compare
Median of peers $4.8B 12.4× 12.2× +55.83% +184.85% +185.11% 10.69% 5.67%

All 19 Oil & Gas Refining & Marketing stocks →

Delek US Holdings, Inc. (DK) Latest News

29 Oct

Impact 4 · · Insider Monkey
Impact 3 · · Zacks

28 Oct

Impact 3 · · Zacks

23 Oct

Impact 3 · · Simply Wall St.

15 Oct

Impact 4 · · Zacks

14 Oct

Impact 4 · · Zacks

8 Oct

Impact 4 · · Zacks
Impact 3 · · Investing.com

2 Oct

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

28 Sep

Impact 4 ·

24 Sep

Impact 4 ·
Impact 4 · · Business Wire
Impact 3 ·

10 Sep

Impact 3 ·

2 Sep

Impact 4 ·

31 Aug

Impact 4 ·

24 Aug

Impact 4 · · 24/7 Wall St.
Impact 3 ·

21 Aug

Impact 3 ·

11 Aug

Impact 3 ·

8 Aug

Impact 3 · · MarketBeat transcript

6 Aug

Impact 3 · transcript

5 Aug

Impact 4 · · The Motley Fool transcript
Impact 4 ·
Impact 3 · transcript
Impact 3 ·

21 Jul

Impact 4 ·

6 Jul

Impact 3 ·

8 Jun

Impact 3 · · Zacks
stockrow.com/DK · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com