DINONYSEPipe Lines (No Natural Gas)Fiscal year ends December 31
HF Sinclair Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$124.42−0.87 (-0.69%)
Close on Oct 19, 2026
- Market cap
- $22.32B
- P/E (TTM)
- 11.9
- Dividend yield
- 1.61%
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
8.6%−9.5 pts over 5 years
Operating margin
3.5%+10.0 pts over 5 years
Net margin
2.2%+7.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -6.0% | -11.1% | +19.2% | – | |
| Gross profit | +47.8% | -23.5% | +2.6% | – | |
| Operating income | +255.2% | -38.8% | – | – | |
| Net income | +227.1% | -41.7% | – | – | |
| EPS, diluted | +238.5% | -40.0% | – | – | |
| Free cash flow | +35.3% | -35.7% | +35.9% | – | |
| Dividend per share | 0.0% | +18.6% | +7.4% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 6.3% | |
| Return on assets | – | – | 3.5% | |
| Current ratio | – | – | 1.94 | |
| Debt to equity | – | – | 0.30 | |
| Net debt to EBITDA | – | – | 0.98× | |
| Interest coverage | – | -5.8× | 4.3× | |
| Inventory turnover | – | – | 9.1× | |
| Capex to revenue | – | 2.4% | 1.7% | |
| Diluted shares | – | 162M | 186M |
Where the cash went
Fiscal 2021 to 2025, five years combined
HF Sinclair generated $8.91B from operations and spent $7.37B on capital expenditure, dividends and share buybacks. 35% of that went back into the business.
Generated
$8.91B
Used
$7.37B
Capital expenditure$2.55B35%Dividends$1.42B19%Share buybacks$3.40B46%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin2.2%
×Asset turnover1.62×
×Equity multiplier1.80×
=Return on equity, FY20256.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 2.2% | 1.62× | 1.80× | 6.3% |
| FY2024 | 0.6% | 1.66× | 1.77× | 1.8% |
| FY2023 | 5.0% | 1.78× | 1.85× | 16.4% |
| FY2022 | 7.7% | 2.46× | 2.08× | 39.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$579.00M
- Cash generatingOperating cash flow above zero$1.32B
- Return on assets improvedROA up on the prior year1.0% → 3.5%
- Earnings backed by cashOperating cash flow above net income$1.32B vs $579.00M
- Less leverageLong-term debt to assets fell13.7% → 16.8%
- Better liquidityCurrent ratio rose1.65 → 1.94
- No dilutionShare count did not rise192M → 186M
- Gross margin improvedGross margin up on the prior year5.45% → 8.56%
- More efficientAsset turnover rose1.61 → 1.61