📊 DK Key Takeaways
Investment Thesis
Delek US Holdings faces severe profitability challenges with negative net income and deteriorating returns on equity and assets despite moderate operating margins. The company's highly leveraged balance sheet (5.91x debt-to-equity) combined with weak liquidity metrics (0.82x current ratio) and minimal free cash flow generation creates financial stress. Declining revenue (-9.5% YoY) in a capital-intensive refining business suggests structural headwinds that constrain recovery potential.
DK Strengths
- Positive operating cash flow of $535.8M demonstrates underlying operational cash generation capability
- Interest coverage ratio of 9.6x indicates sufficient ability to service debt obligations currently
- Substantial cash reserves of $625.8M provides near-term liquidity buffer for operations
DK Risks
- Negative net margin (-0.2%) and net income decline of -152.7% YoY indicate fundamental profitability deterioration
- Highly leveraged capital structure with debt-to-equity of 5.91x and long-term debt of $3.2B limits financial flexibility
- Weak liquidity position with current ratio of 0.82x and quick ratio of 0.53x creates refinancing and operational risk
- Revenue contraction of 9.5% YoY combined with minimal free cash flow (0.1% FCF margin) suggests difficulty funding growth or debt reduction
- Negative ROE (-4.2%) and ROA (-0.3%) indicate shareholder value destruction in the current environment
Key Metrics to Watch
- Net income trend and path to profitability - critical for viability assessment
- Debt-to-equity ratio reduction and refinancing ability - monitor leverage reduction progress
- Free cash flow generation and sustainability - essential for debt servicing and financial stability
- Revenue stabilization and operating margin resilience - indicators of competitive positioning in refining sector
- Current ratio improvement and working capital management - signals of operational health
DK Financial Metrics
💡 AI Analyst Insight
The relatively thin 0.1% FCF margin may limit capital allocation flexibility. The current ratio below 1.0x warrants monitoring of short-term liquidity.
DK Profitability Ratios
DK vs Energy Sector
How Delek US Holdings, Inc. compares to Energy sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
DK Balance Sheet & Liquidity
DK 5-Year Financial Trend
5-Year Trend Summary: Delek US Holdings, Inc.'s revenue has grown significantly by 55% over the 5-year period, indicating strong business expansion. The most recent EPS of $0.30 reflects profitable operations.
DK Growth Metrics (YoY)
DK Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $2.9B | -$76.8M | $-1.20 |
| Q2 2025 | $2.8B | -$37.2M | $-0.58 |
| Q1 2025 | $2.6B | -$32.6M | $-0.51 |
| Q3 2024 | $3.0B | -$76.8M | $-1.20 |
| Q2 2024 | $3.4B | -$8.3M | $-0.13 |
| Q1 2024 | $3.2B | -$32.6M | $-0.51 |
| Q3 2023 | $4.7B | $7.4M | $0.10 |
| Q2 2023 | $4.2B | -$8.3M | $-0.13 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
DK Capital Allocation
DK SEC Filings
Access official SEC EDGAR filings for Delek US Holdings, Inc. (CIK: 0001694426)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Mar 20, 2026 | 4 | xslF345X06/wk-form4_1774052193.xml | View → |
| Mar 20, 2026 | 4 | xslF345X06/wk-form4_1774052165.xml | View → |
| Mar 17, 2026 | 4 | xslF345X05/wk-form4_1773797639.xml | View → |
| Mar 12, 2026 | 4 | xslF345X05/wk-form4_1773360352.xml | View → |
| Mar 12, 2026 | 4 | xslF345X05/wk-form4_1773360346.xml | View → |
❓ Frequently Asked Questions about DK
What is the AI rating for DK?
Delek US Holdings, Inc. (DK) has an AI rating of SELL with 78% confidence, based on fundamental analysis of SEC EDGAR filings.
What are DK's key strengths?
Claude: Positive operating cash flow of $535.8M demonstrates underlying operational cash generation capability. Interest coverage ratio of 9.6x indicates sufficient ability to service debt obligations currently.
What are the risks of investing in DK?
Claude: Negative net margin (-0.2%) and net income decline of -152.7% YoY indicate fundamental profitability deterioration. Highly leveraged capital structure with debt-to-equity of 5.91x and long-term debt of $3.2B limits financial flexibility.
What is DK's revenue and growth?
Delek US Holdings, Inc. reported revenue of $10.7B.
Does DK pay dividends?
Delek US Holdings, Inc. pays dividends, with $62.0M distributed to shareholders in the trailing twelve months.
Where can I find DK SEC filings?
Official SEC filings for Delek US Holdings, Inc. (CIK: 0001694426) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is DK's EPS?
Delek US Holdings, Inc. has a diluted EPS of $-0.38.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.