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Operates petroleum refineries in the US Gulf Coast, Permian and Rockies, plus retail fuel stores and midstream logistics.
Operates petroleum refineries in the US Gulf Coast, Permian and Rockies, plus retail fuel stores and midstream logistics.
Buys crude, refines it and sells the products at market prices, so profit is the refining margin, the gap between product prices and crude cost, which swings with supply and demand. Delek Logistics, a majority-owned pipeline and terminal partnership, earns fees for moving and storing crude and fuels, much of it for Delek's own refineries, and pays cash back to the parent.
Moat: narrow (scale, installed base). Regional refining scale and owned logistics/retail integration, but exposed to refining margin cycles.
Headquarters: Brentwood, Tennessee, United States · Founded: 2001 · Employees: 1,902
Size Delek US (DK) is a United States Energy company (Oil Refining/Marketing) with a market value of $3.92B, the 1362nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $63.95 on 6 Nov 2026.
Performance Over six months the shares gained 38.9%, against +3.6% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 11.4% over the last twelve months (peer median +17.0%); the operating margin is 6.1% (peer median 6.4%).
Valuation It trades at 3.2× forward earnings against a peer median of 7.4× (2nd cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -10% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -18 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 10.8 points above its cost of capital (6.7% WACC).
Credit Delek US has 1 bond outstanding ($700M), rated BB- by the agencies.
Short interest Short interest is 11.7% of the free float (15 Oct 2026).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $12.1B | $10.7B | $11.9B | $16.5B | $20.2B |
| Revenue growth | — | -10% | -28% | -19% | — |
| Gross profit | $906M | $568M | -$57.5M | $598M | $825M |
| EBITDA | $1.15B | $794M | $133M | $677M | $828M |
| Net income | $224M | -$22.8M | -$658M | $19.8M | $257M |
| Free cash flow | $700M | $22.0M | -$490M | $636M | $124M |
| Capital expenditure | $604M | $542M | $431M | $397M | $317M |
| Total debt | $3.26B | $3.31B | $2.86B | $2.74B | $3.23B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Delek US DK | $3.92B | +39% | +11% | 6% | 3.2× | -10.1% |
| HF Sinclair DINO | $16.7B | +34% | +29% | 14% | 5.0× | -20.0% |
| Par Pacific PARR | $3.41B | +6% | +29% | 13% | 3.4× | n/a |
| Marathon Petroleum MPC | $101B | +53% | +32% | 12% | 5.1× | -16.8% |
| Valero Energy VLO | $96.6B | +44% | +25% | 12% | 5.6× | -16.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.5% | -17.2% | 10th highest of 21 |
| 6-month return | +38.9% | +3.6% | 2nd highest of 21 |
| Distance from 52-week high | -22.3% | -26.1% | 8th highest of 21 |
| Revenue growth (TTM) | +11.4% | +17.0% | 7th lowest of 21 |
| Operating margin | 6.1% | 6.4% | 9th lowest of 21 |
| Forward P/E | 3.2× | 7.4× | 2nd cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -10.1% | -8.0% | 7th least demanding of 14 |
| Growth delivered (Del g) | +8.0% | +13.8% | 3rd lowest of 14 |
| Hurdle (Req g minus delivered) | -18.1 pp | -25.0 pp | 6th most demanding of 14 |
| ROIC minus cost of capital | +10.8 pp | +9.2 pp | 10th highest of 21 |
| EV / EBITDA | 5.9× | 4.6× | 3rd most expensive of 13 |
| Net debt / EBITDA | 2.3× | 1.5× | 5th most indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Delek US DK | United States | $3.92B | +39% | +11% | 6% | 3.2× | -10.1% | +8.0% |
| CVR Energy CVI | United States | $3.83B | +14% | +34% | 11% | 5.2× | -17.9% | +12.8% |
| Sinopec Shanghai Petrochemical 600688.SS | China | $3.75B | -5% | -4% | 0% | 59.0× | n/a | n/a |
| Cosmo Energy 5021.T | Japan | $3.74B | -10% | 0% | 9% | 7.0× | -18.5% | +3.7% |
| Calumet CLMT | United States | $3.48B | +24% | +13% | 1% | 9.1× | 39.0% | +12.8% |
| Par Pacific PARR | United States | $3.41B | +6% | +29% | 13% | 3.4× | n/a | n/a |
| Icahn Enterprises L.P IEP | United States | $3.38B | -41% | +16% | -7% | 9.5× | n/a | n/a |
| Mangalore Refinery & Petrochemicals MRPL.NS | India | $3.26B | +13% | +38% | 6% | 4.6× | -6.0% | +22.9% |
| DOF DOFG.OL | Norway | $3.24B | -12% | +22% | 26% | 7.8× | 0.9% | +28.0% |
| Viva Energy VEA.AX | Australia | $3.04B | +19% | -2% | 4% | 7.8× | -15.1% | +18.2% |
| Ampol ALD.AX | Australia | $5.95B | +6% | +15% | 6% | 10.8× | -14.0% | +15.4% |
| Chennai Petroleum CHENNPETRO.NS | India | $2.27B | +34% | +31% | 10% | 3.5× | -12.0% | +28.6% |
| Castrol India CASTROLIND.NS | India | $2.00B | +3% | +17% | 20% | 17.9× | 10.7% | +13.8% |
| PBF Energy PBF | United States | $8.16B | +65% | +32% | 8% | 2.6× | n/a | n/a |
| Hindustan Petroleum HINDPETRO.NS | India | $8.67B | -2% | +17% | 0% | n/a | 24.7% | +13.6% |
| S-Oil 010950.KS | South Korea | $9.00B | -21% | +19% | 10% | 3.5× | n/a | n/a |
| Idemitsu Kosan 5019.T | Japan | $9.54B | -9% | -3% | 6% | 7.1× | -12.8% | +12.2% |
| SK Innovation 096770.KS | South Korea | $13.4B | -25% | +26% | 9% | 4.5× | n/a | n/a |
| North Huajin Chemical Industries 000059.SZ | China | $1.10B | -20% | +3% | 1% | 14.1× | -8.0% | +4.6% |
| North Atlantic Energies NAE.PA | France | $1.09B | +30% | -23% | 3% | n/a | n/a | n/a |
| Bharat Petroleum BPCL.NS | India | $14.7B | +4% | +22% | 3% | 23.1× | 5.7% | +14.5% |
Delek US has 1 bond outstanding with $700M face value. The agencies rate it BB-.