Delek US Holdings (DK) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Delek US Holdings

NYSE•Energy•Oil & Gas Refining & Marketing

$79.16+1.02(0.01%)Pre-market

Market Cap

$5.00B

P/E

22.3x

P/S

0.4x

P/B

11.8x

Delek US Holdings, Inc. engages in the integrated downstream energy business in the United States. The company operates in two segments Refining and Logistics. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminals. It owns and operates refineries located in Tyler, Texas; El Dorado, Arkansas; Big Spring, Texas; and Krotz Springs, Louisiana. The Logistics segment gathers, transports, and stores crude oil and natural gas, intermediate, and refined products; and markets, distributes, transports, and stores refined products, as well as disposes and recycles water for third parties. It owns or leases crude oil transportation pipelines, refined product pipelines, crude oil gathering systems, and associated crude oil storage tanks; and owns and operates light product distribution terminals, as well as markets light products using third-party terminals. It serves oil companies, independent refiners and marketers, jobbers, distributors, utility and transportation companies, government, and independent retail fuel operators. Delek US Holdings, Inc. was founded in 2001 and is headquartered in Brentwood, Tennessee.

How this company scores

GoodMetricSide Score: 65/100

Strongest: Growth (20/25); weakest: Balance Sheet & Red Flags (10/25).

Profitability19/25

Growth20/25

Balance Sheet & Red Flags10/25

Cash & Earnings Quality16/25

Strengths

High ROERising earningsProfit converts from growthImproving leverage

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 22.3x5y range 4.9x – 83.4x

Currently above its 7-quarter median.

P/S · 0.4x5y range 0.1x – 0.4x

Currently above its 20-quarter median.

P/B · 11.8x5y range 1.2x – 11.8x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 5 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $5.00B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $12.06B
Q. Revenue: $4.09B
TTM EBITDA: $1.00B
TTM Op. Income: $583.40M
Q. Op. Income: $302.40M
TTM Net Income: $224.50M
Q. Net Income: $169.50M
EPS: $2.76
Shares Out.: $61.32M

$12.06B in TTM revenue grew 13.6% YoY, reaching $4.09B last quarter. TTM EBITDA of $1.00B and TTM operating income of $583.40M show growth is flowing through to the bottom line. TTM net income of $224.50M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 3 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 10.2%
Op. Margin: 7.4%
Net Margin: 4.1%

Op. margin of 7.4% is up 8.6% YoY — cost efficiency is improving. Net margin at 4.1% Over the past year, operating margin is up 711% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 22.3x
P/S Ratio: 0.4x
P/B Ratio: 11.8x

At 22.3x P/E, the stock trades within typical market levels. P/S of 0.4x and P/B of 11.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $7.55B
Cash: $628.60M
Long-Term Debt: $3.18B
Book Value: $422.70M
D/E Ratio: 7.5
Debt/EBITDA: 7.6

With $7.55B in assets and $3.18B in long-term debt, D/E is 7.5and book value is $422.70M — elevated leverage, meaning significant financial risk in a downturn. Over the past year, debt/equity is down 28% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $262.90M
TTM Free Cash Flow: $681.30M
FCF Margin: 5.7%
FCF / Net Income: 3.0

TTM FCF of $681.30M on $262.90M in operating cash flow. The FCF / Net Income ratio of 3.0x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 5 consecutive quarters — an improving trend.