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Delek US Holdings vs Calumet: DK and CLMT compared
Delek US Holdings is the larger company: $4.4B of revenue in its latest quarter (Q3 2026) against $1.7B for Calumet (Q3 2026). Calumet is growing faster (+56% against +52% a year earlier). Delek US Holdings is more profitable, with an operating margin of 34.6% against 27.0%.
Where the money goes: DK and CLMT
Delek US Holdings (DK) · Q3 2026
Delek US Holdings, Q3 2026: revenue $4.4B (+52% year over year), operating margin 34.6%, net earnings $1.1B, operating cash flow $567M. The chart follows the revenue to costs, profit and cash.
Calumet (CLMT) · Q3 2026
Calumet, Q3 2026: revenue $1.7B (+56% year over year), operating margin 27.0%, net earnings $256M, operating cash flow $218M. The chart follows the revenue to costs, profit and cash.
| Delek US Holdings (DK) | Calumet (CLMT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $4.4B | $1.7B |
| Revenue growth, Y/Y | +52% | +56% |
| Gross margin | — | 32.3% |
| Operating margin | 34.6% | 27.0% |
| Net earnings | $1.1B | $256M |
| Net margin | 25.8% | 15.2% |
| Operating cash flow | $567M | $218M |
| Free cash flow | $456M | $207M |
| Market value | $3.9B | $3.5B |
| P/E | 3.1× | — |
| Analysts’ mean target | $85.79 | $55.80 |
Questions
Which is bigger, Delek US Holdings or Calumet?
Delek US Holdings is the larger company: $4.4B of revenue in its latest quarter (Q3 2026) against $1.7B for Calumet (Q3 2026).
Is Delek US Holdings or Calumet growing faster?
Calumet is growing faster (+56% against +52% a year earlier).
Which is more profitable, Delek US Holdings or Calumet?
Delek US Holdings is more profitable, with an operating margin of 34.6% against 27.0%.
More: Delek US Holdings earnings · how Delek US Holdings makes money · Calumet earnings · how Calumet makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.