DKNYSEPetroleum RefiningFiscal year ends December 31
Delek US Holdings, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$75.08−1.51 (-1.97%)
Close on Oct 19, 2026
- Market cap
- $4.69B
- P/E (TTM)
- 20.9
- Dividend yield
- 1.36%
Margins
Share of revenue, fiscal years 2014 to 2025
Gross margin
5.7%+9.3 pts over 5 years
Operating margin
2.8%+12.8 pts over 5 years
Net margin
-0.2%+8.2 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 | -9.5% | -18.5% | +8.0% | +9.6% | |
| Gross profit | – | -6.5% | – | +33.7% | |
| Operating income | – | -13.0% | – | +15.9% | |
| Free cash flow | – | -64.9% | – | – | |
| Dividend per share | +1.5% | +18.7% | +1.9% | +5.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -12.1% | – | – | |
| Return on assets | – | -9.3% | -0.3% | |
| Current ratio | 1.49 | 1.21 | 0.82 | |
| Debt to equity | 0.70 | – | – | |
| Net debt to EBITDA | 2.14× | -3.36× | 3.73× | |
| Interest coverage | -0.9× | -5.7× | – | |
| Inventory turnover | – | 9.0× | 12.5× | |
| Capex to revenue | 1.1% | 3.7% | 4.9% | |
| Diluted shares | 62M | 74M | 61M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Delek US generated $2.41B from operations and spent $2.15B on capital expenditure, dividends and share buybacks. 86% of that went back into the business.
Generated
$2.41B
Used
$2.15B
Capital expenditure$1.85B86%Dividends$229.30M11%Share buybacks$64.00M3%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.0%
×Asset turnover1.63×
×Equity multiplier2.83×
=Return on equity, FY201718.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2017 | 4.0% | 1.63× | 2.83× | 18.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$22.80M
- Cash generatingOperating cash flow above zero$535.80M
- Return on assets improvedROA up on the prior year-7.8% → -0.3%
- Earnings backed by cashOperating cash flow above net income$535.80M vs -$22.80M
- Less leverageLong-term debt to assets fell41.3% → 47.1%
- Better liquidityCurrent ratio rose0.93 → 0.82
- No dilutionShare count did not rise64M → 61M
- Gross margin improvedGross margin up on the prior year-0.36% → 5.71%
- More efficientAsset turnover rose1.65 → 1.61