DK

MKT CAP:$2B

Delek US Holdings, Inc.

Market Cap

$2B

Energy·Oil & Gas Refining & Marketing·🇺🇸 United States·NYSE

Energy·Oil & Gas Refining & Marketing·🇺🇸·NYSE

Stock Price

$40.25+$10.47 (+35.16%)

Apr 24, 2026

Company Details

Delek US Holdings, Inc. engages in the integrated downstream energy business in the United States. The company operates through three segments: Refining, Logistics, and Retail. The Refining segment processes crude oil and other feedstock fo...

CEO

Avigal Soreq

IPO Date

May 4, 2006

Website

www.delekus.com

Key Metrics TTM

Revenue

$15.3B

— YoY

Net Income

$497M

EPS (Diluted)

$6.89

Free Cash Flow

$704M

Revenue / Share

$251.57

Gross Margin

9.1%

Operating Margin

5.4%

Net Margin

3.2%

FCF Margin

4.6%

P/S

0.2x

P/E

4.8x

Earnings Reports

Q4 2025

May 6, 2026

PENDING

Q3 2025

Nov 7, 2025

$2.9BEPS $2.93

Q4 2023

Feb 28, 2024

$4.0BEPS -$2.57

Q2 2022

Aug 5, 2022

$6.0BEPS $5.05

Q4 2018

Mar 1, 2019

$2.4BEPS $1.48

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 16	$1.1B	$53M	-$3M
Q4 18	$2.4B	$271M	$183M
Q2 22	$6.0B	$639M	$493M
Q4 23	$4.0B	-$16M	-$138M
Q3 25	$2.9B	$494M	$296M

Valuation

Quarter	P/S	P/E
Q3 16	—	—
Q4 18	—	—
Q2 22	—	—
Q4 23	0.2x	15.3x
Q3 25	0.2x	4.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 16	-$35M	-$35M
Q4 18	$359M	$265M
Q2 22	$559M	$491M
Q4 23	$95M	$12M
Q3 25	$44M	-$64M

Capital Expenditures

Quarter	CapEx
Q3 16	$100.0K
Q4 18	$94M
Q2 22	$69M
Q4 23	$83M
Q3 25	$108M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 25	+167.3%	+139.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 16	$4M	0.4%
Q4 18	$6M	0.2%
Q2 22	$7M	0.1%
Q4 23	$7M	0.2%
Q3 25	$7M	0.2%

OpEx Breakdown

Quarter	G&A	S&M
Q3 16	$25M	—
Q4 18	$72M	—
Q2 22	$122M	—
Q4 23	$67M	—
Q3 25	$51M	$4M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$854M	$0	$854M
Q2 22	$1.2B	$0	$1.2B
Q3 22	$1.2B	$0	$1.2B
Q4 22	$841M	$0	$841M
Q1 23	$865M	$0	$865M
Q2 23	$822M	$0	$822M
Q3 23	$902M	$0	$902M
Q4 23	$822M	$0	$822M
Q1 24	$753M	$0	$753M
Q2 24	$658M	$0	$658M
Q3 24	$1.0B	$0	$1.0B
Q4 24	$736M	$0	$736M
Q1 25	$624M	$0	$624M
Q2 25	$616M	$0	$616M
Q3 25	$631M	$0	$631M
Q4 25	$626M	$0	$626M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 16	62M	—	—
Q4 18	83M	+33.5%	—
Q2 22	72M	-13.1%	—
Q4 23	64M	-10.6%	—
Q3 25	61M	-4.8%	-1.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 16	—	—
Q4 18	$649.3K	4K
Q2 22	$2M	3K
Q4 23	$1M	4K
Q3 25	$1M	2K

Revenue / Employee