Delek US Holdings, Inc. DK

Energy SIC 2911 - Petroleum Refining NAICS Manufacturing › Petroleum and Coal Products Manufacturing › Petroleum Refineries derived NYSE

We are an integrated downstream energy business focused on petroleum refining ("Refining" or our "refining segment") and the transportation, storage and wholesale distribution of crude oil, intermediate and refined products ("Logistics" or our "logistics segment"). Delek US Holdings, Inc., a Delaware corporation formed in 2016 (a successor to the original Delek US Holdings, Inc. which was a Delaware corporation originally formed in 2001), operates through its consolidated subsidiaries, which include Delek US Energy, Inc. (and its subsidiaries) ("Delek Energy") and Alon (and its subsidiaries).

The following map outlines the geography of our integrated downstream energy structure as of December 31, 2025:

Last close 74.41 2026-10-23
Market cap $4.56B 2026-06-30 share count
52-week range 25.85 - 82.27

Valuation FY2025 figures against the last close

P/S0.4x
P/E—
P/FCF723.2x
EV/EBITDA10.3x
Dividend yield1.4%
Diluted EPS-0.38

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $10.72B$11.85B$16.47B$19.80B$10.65B$7.30B$9.30B$10.23B$7.27B$4.20B
Cost of revenue $10.11B$11.90B$15.92B$19.05B$10.40B$7.56B$8.41B$9.26B$6.84B$4.17B
Gross profit $612.1M-$43.1M$548.5M$747.7M$250.5M-$261.0M$890.1M$972.8M$431.7M$31.8M
SG&A $269.5M$252.8M$272.0M$313.7M$200.4M$234.6M$274.7M$247.6M$175.9M$106.1M
Total operating expenses $10.42B$12.34B$16.22B$19.34B$10.68B$8.03B$8.81B$9.62B$375.7M$247.0M
Operating income $301.0M-$491.5M$244.7M$457.5M-$34.7M-$732.3M$492.3M$611.9M$180.3M-$49.2M
Interest expense ——$61.4M$23.4M$18.1M$125.7M$131.1M$125.9M$93.8M$54.4M
Pre-tax income $38.9M-$706.0M$16.6M$321.8M-$137.3M-$767.4M$402.7M$485.5M$299.3M-$391.2M
Income tax $6.8M$107.9M$3.0M$56.4M$42.0M$193.6M$71.7M$101.9M$29.2M$171.5M
Net income -$22.8M-$560.4M$19.8M$257.1M-$128.3M-$611.4M$310.6M$340.1M$288.8M-$153.7M
EPS, basic -0.38-8.770.303.63-1.73-8.314.104.114.04-2.49
EPS, diluted -0.38-8.770.303.59-1.73-8.314.063.954.00-2.49
Shares, diluted (wtd. avg.) 60.7M63.9M65.4M71.5M74.0M73.6M76.6M86.8M72.3M61.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $625.8M$735.6M$821.8M$840.9M$856.5M$787.5M$955.3M$1.08B$931.8M$689.2M
Receivables $648.7M$617.6M$783.7M$1.23B$776.6M$527.9M$792.6M$514.4M$579.6M$265.9M
Inventory $726.0M$893.2M$941.2M$1.52B$1.26B$727.7M$946.7M$677.9M$808.4M$392.4M
Total current assets $2.07B$2.33B$2.67B$3.72B$3.02B$2.30B$2.96B$2.42B$2.61B$1.40B
Property, plant and equipment $3.27B$2.94B$2.70B$2.78B$2.31B$2.37B$2.43B$2.19B$2.14B$1.10B
Goodwill $475.3M$475.3M$687.5M$702.3M$729.7M$729.7M$855.7M$857.8M$816.6M$12.2M
Other intangibles $405.7M$321.6M$287.7M$315.6M$102.7M$107.8M$110.3M$104.4M$101.1M$26.7M
Total assets $6.85B$6.67B$7.17B$8.19B$6.81B$6.13B$7.02B$5.76B$5.94B$2.98B
Accounts payable $1.63B$1.81B$1.81B$1.75B$1.70B$1.14B$1.60B$1.01B$973.4M$494.6M
Short-term debt $9.5M$9.5M$44.5M$74.5M$92.2M$33.4M$36.4M$32.0M$590.2M$84.4M
Total current liabilities $2.53B$2.52B$2.69B$3.09B$3.13B$1.90B$2.36B$1.66B$2.67B$935.2M
Long-term debt $3.22B$2.76B$2.56B$2.98B$2.13B$2.31B$2.03B$1.75B$875.4M$748.5M
Retained earnings -$311.1M-$205.7M$430.0M$507.9M$384.7M$522.0M$1.21B$981.8M$767.8M$522.3M
Total equity $547.3M$575.2M$959.7M$1.07B$1.01B$1.12B$1.84B$1.81B$1.96B$1.18B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $535.8M-$66.8M$1.01B$425.3M$371.4M-$282.9M$575.2M$560.3M$319.7M$248.0M
Depreciation and amortisation $397.8M$374.5M$339.5M$275.0M$264.6M$267.6M$194.3M$199.4M$153.3M$116.4M
Stock-based compensation $86.7M$33.8M$27.5M$29.1M$24.6M$22.8M$25.8M$21.4M$17.5M$16.4M
Capital expenditure $529.5M$427.7M$392.5M$280.2M$222.2M$269.4M$413.0M$322.0M$172.0M$46.3M
Investing cash flow -$697.9M-$241.5M-$408.0M-$931.6M-$178.4M-$191.3M-$691.3M-$125.3M$37.6M$200.7M
Financing cash flow $52.3M$221.7M-$624.7M$491.1M-$124.0M$306.4M-$7.9M-$297.6M-$104.6M-$61.7M
Dividends paid $62.0M$64.2M$60.3M$42.8M$0$69.1M$86.8M$80.1M$44.0M$37.5M
Buybacks —$0$0$64.0M$0$1.9M$178.1M$365.3M$150.0M$6.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-012664.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -10B 0 10B 20B Revenue, FY2016: 4.2B Gross profit, FY2016: 31.8M Net income, FY2016: -153.7M Revenue, FY2017: 7.3B Gross profit, FY2017: 431.7M Net income, FY2017: 288.8M Revenue, FY2018: 10.2B Gross profit, FY2018: 972.8M Net income, FY2018: 340.1M Revenue, FY2019: 9.3B Gross profit, FY2019: 890.1M Net income, FY2019: 310.6M Revenue, FY2020: 7.3B Gross profit, FY2020: -261M Net income, FY2020: -611.4M Revenue, FY2021: 10.6B Gross profit, FY2021: 250.5M Net income, FY2021: -128.3M Revenue, FY2022: 19.8B Gross profit, FY2022: 747.7M Net income, FY2022: 257.1M Revenue, FY2023: 16.5B Gross profit, FY2023: 548.5M Net income, FY2023: 19.8M Revenue, FY2024: 11.9B Gross profit, FY2024: -43.1M Net income, FY2024: -560.4M Revenue, FY2025: 10.7B Gross profit, FY2025: 612.1M Net income, FY2025: -22.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $4.20B $7.27B $10.23B $9.30B $7.30B $10.65B $19.80B $16.47B $11.85B $10.72B
Gross profit $31.8M $431.7M $972.8M $890.1M -$261.0M $250.5M $747.7M $548.5M -$43.1M $612.1M
Net income -$153.7M $288.8M $340.1M $310.6M -$611.4M -$128.3M $257.1M $19.8M -$560.4M -$22.8M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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