Filing Flows › Delek US Holdings (DK) › Q4 2025
Delek US Holdings (DK) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Delek US Holdings (DK) reported revenue of $2.4B for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and -16% from the quarter before. Operating margin was 6.8%, net earnings $78.3M (3.2% of revenue).
Delek US Holdings, Q4 2025: revenue $2.4B (+2% year over year), operating margin 6.8%, net earnings $78.3M, operating cash flow $503M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.4B | -16% | +2% |
| Operating profit | $165M | -44% | — |
| Net earnings | $78.3M | -56% | — |
| Operating cash flow | $503M | 11× | — |
| Free cash flow | $383M | — | — |
What changed
Revenue was $2.4B in Q4 2025, up 2% year over year and down 16% from the previous quarter.
Operating profit was $0.16B, a 6.8% margin (up 23.8 points year over year). Total costs fell 18% while revenue rose 2%. Net earnings were $0.08B. The effective tax rate was 4.1%.
Operating cash flow was $0.50B, 518% of net income including minority interests. Non-cash charges added back $0.10B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.28B. Capital expenditures of $0.12B left free cash flow of $0.38B.
Questions
What was Delek US Holdings' revenue in the fourth quarter 2025?
Delek US Holdings (DK) reported revenue of $2.4B for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and -16% from the quarter before.
Was Delek US Holdings profitable in the fourth quarter 2025?
Operating profit was $165M (6.8% of revenue) and net earnings $78.3M.
Source: Delek US Holdings 10-K on SEC EDGAR.