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HF Sinclair vs Delek Logistics Partners: revenue, profit, margins and growth compared

HF Sinclair brought in $26.9B of revenue in fiscal 2025, Delek Logistics Partners $1B in fiscal 2025. Revenue changed by -6.0% at HF Sinclair and +7.7% at Delek Logistics Partners on the year before, so Delek Logistics Partners grew faster. HF Sinclair kept 2.2% of its revenue as net profit, Delek Logistics Partners 17.4%. Free cash flow was $866M at HF Sinclair and -$30.6M at Delek Logistics Partners.

Side by side, latest fiscal year

DINODKL
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$26.9B$1B
Revenue growth-6.0%+7.7%
Net income$579M$176.5M
Net margin2.2%17.4%
Free cash flow$866M-$30.6M
Free cash flow margin3.2%-3.0%
Earnings per share (diluted)$3.08n/a
Cash$978M$10.9M
Debt$2.8B$2.3B
Price to earnings34.7n/a
Market value$19B$2.9B
Dividend yield1.87%n/a
Rank by revenue in sector#12 of 129 · Energy#81 of 129 · Energy

Over the years

Revenue
DINO FY2020: $11.2BDINO FY2022: $18.4BDINO FY2022: $38.2BDINO FY2023: $32BDINO FY2024: $28.6BDINO FY2025: $26.9BDKL FY2018: $657.6MDKL FY2019: $584MDKL FY2020: $563.4MDKL FY2021: $700.9MDKL FY2022: $1BDKL FY2023: $1BDKL FY2024: $940.6MDKL FY2025: $1BFY18FY19FY20FY21FY22FY23FY24FY25
DINO $26.9BDKL $1B
Net income
DINO FY2020: -$601.4MDINO FY2022: $558.3MDINO FY2022: $2.9BDINO FY2023: $1.6BDINO FY2024: $177MDINO FY2025: $579MDKL FY2018: $90.2MDKL FY2019: $96.7MDKL FY2020: $159.3MDKL FY2021: $164.8MDKL FY2022: $159.1MDKL FY2023: $126.2MDKL FY2024: $142.7MDKL FY2025: $176.5MFY18FY19FY20FY21FY22FY23FY24FY25
DINO $579MDKL $176.5M
Net margin
DINO FY2020: -5.4%DINO FY2022: 3.0%DINO FY2022: 7.7%DINO FY2023: 5.0%DINO FY2024: 0.6%DINO FY2025: 2.2%DKL FY2018: 13.7%DKL FY2019: 16.6%DKL FY2020: 28.3%DKL FY2021: 23.5%DKL FY2022: 15.3%DKL FY2023: 12.4%DKL FY2024: 15.2%DKL FY2025: 17.4%FY18FY19FY20FY21FY22FY23FY24FY25
DINO 2.2%DKL 17.4%
Revenue growth
DINO FY2022: +64.4%DINO FY2022: +107.8%DINO FY2023: -16.3%DINO FY2024: -10.6%DINO FY2025: -6.0%DKL FY2019: -11.2%DKL FY2020: -3.5%DKL FY2021: +24.4%DKL FY2022: +47.9%DKL FY2023: -1.5%DKL FY2024: -7.8%DKL FY2025: +7.7%FY19FY20FY21FY22FY23FY24FY25
DINO -6.0%DKL +7.7%
Free cash flow
DINO FY2020: $187.1MDINO FY2022: -$318.4MDINO FY2022: $3.3BDINO FY2023: $1.9BDINO FY2024: $640MDINO FY2025: $866MDKL FY2018: $140MDKL FY2019: $121.3MDKL FY2020: $179.7MDKL FY2021: $252.1MDKL FY2022: $51.1MDKL FY2023: $129.2MDKL FY2024: $77.3MDKL FY2025: -$30.6MFY18FY19FY20FY21FY22FY23FY24FY25
DINO $866MDKL -$30.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about HF Sinclair and Delek Logistics Partners

Which is bigger by revenue, HF Sinclair or Delek Logistics Partners?

HF Sinclair is bigger by revenue: $26.9B in fiscal 2025, against $1B for Delek Logistics Partners in fiscal 2025.

Which keeps more of its revenue as profit, HF Sinclair or Delek Logistics Partners?

HF Sinclair had a net margin of 2.2% in fiscal 2025; Delek Logistics Partners had 17.4% in fiscal 2025.

Which grew revenue faster, HF Sinclair or Delek Logistics Partners?

In their latest fiscal years revenue changed by -6.0% at HF Sinclair and +7.7% at Delek Logistics Partners.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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