Delek Us Holdings, Inc. (DK) intrinsic value & 10-year financials
Delek Us Holdings, Inc. (DK) has a Graham intrinsic value of $6.34 per share. At $76.59 on Oct 17, 2026, the stock trades 1108% above that value. Over the last 10 fiscal years revenue grew 11.9% a year to $10.7B, with an average return on invested capital of 3.2%.
- Graham intrinsic value
- $6.34
- Share price (Oct 17, 2026)
- $76.59
- Price vs Graham value
- 1108% above
- Market cap
- $4.6B
- Revenue (FY2025)
- $10.7B
- Revenue growth (10-yr CAGR)
- 11.9%
- ROIC (10-yr avg)
- 3.2%
- Free cash flow (FY2025)
- $6.3M
DK 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $10.7B | -$22.8M | -$0.38 | $6.3M | 2.8% | 7.9% |
| FY2024 | $11.9B | -$560.4M | -$8.77 | -$494.5M | -4.1% | -15.0% |
| FY2023 | $16.9B | $19.8M | $0.30 | $594.0M | 1.7% | 7.1% |
| FY2022 | $20.2B | $257.1M | $3.59 | $113.9M | 2.4% | 13.4% |
| FY2021 | $10.6B | -$203.5M | -$2.75 | $149.2M | -1.2% | -3.8% |
| FY2020 | $7.3B | -$608.0M | -$8.26 | -$552.3M | -10.0% | -18.7% |
| FY2019 | $9.3B | $310.6M | $4.06 | $162.2M | 5.3% | 14.3% |
| FY2018 | $10.2B | $340.1M | $3.95 | $238.3M | 6.0% | 18.8% |
| FY2017 | $7.3B | $288.8M | $4.00 | $160.1M | 2.6% | 9.7% |
| FY2016 | $3.9B | -$153.7M | -$2.49 | $221.9M | -1.3% | -1.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Delek US Holdings, Inc. is a consistent compounder, expanding top-line revenue at 11.9% annually over the past decade.
Delek US Holdings, Inc. has historically struggled to out-earn its cost of capital, averaging just 3.2% ROIC.
Over the decade, Delek US Holdings, Inc. shows that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Delek US Holdings, Inc. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $6.34 per share.