HF Sinclair Corporation (DINO) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$4.49	$5.31	+18.3%	—	—	—
Q4 26	-$0.05	$0.69	+1480.0%	—	—	—
Q3 26	$0.45	$1.2	+166.7%	—	—	—
Q2 26	$1.86	$2.44	+31.2%	—	—	—
Q1 26	$1.08	$1.7	+57.4%	—	—	—
Q4 25	-$0.41	-$0.27	+34.1%	—	—	—
Q3 25	-$0.84	-$1.02	-21.4%	—	—	—
Q2 25	$0.33	$0.51	+54.5%	—	—	—
Q1 25	$0.71	$0.78	+9.9%	—	—	—
Q4 24	$0.65	$0.71	+9.2%	—	—	—
Q3 24	$0.72	$0.87	+20.8%	—	—	—
Q2 24	$3.7	$4.06	+9.7%	—	—	—
Q1 24	$2.29	$2.6	+13.5%	—	—	—
Q4 23	$1.52	$2	+31.6%	—	—	—
Q3 23	$3.6	$2.97	-17.5%	—	—	—
Q2 23	$4.22	$4.58	+8.5%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$3.08	—	—	$26.9B	—
FY24	—	$0.91	—	—	$28.6B	—
FY23	—	$8.29	—	—	$32B	—
FY22	—	$14.3	—	—	$38.2B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$10.5B	$14.3B	$17.7B	$17.5B	$11.2B	$18.4B	$38.2B	$32B	$28.6B	$26.9B
YoY change	-20.4%	+35.3%	+24.3%	-1.29%	-36%	+64.4%	+107.8%	-16.3%	-10.6%	-5.99%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	10.5B	14.3B	17.7B	17.5B	11.2B	18.4B	38.2B	32B	28.6B	26.9B
Cost of revenue	8.8B	11.8B	14.5B	14.3B	9.8B	15.8B	31.4B	26.8B	27.9B	25.5B
Gross profit	1.7B	2.5B	3.2B	3.2B	1.4B	2.6B	6.8B	5.1B	725M	1.4B
Gross margin	16.1%	17.4%	18.1%	18.2%	12.7%	14.3%	17.8%	16.1%	2.54%	5.18%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	125.9M	265.7M	290.4M	354.2M	313.6M	362M	426.5M	498.2M	447M	456M
Operating expenses	1.1B	1.6B	1.6B	1.7B	1.6B	1.9B	2.8B	2.9B	2.9B	465M
Operating income	551.5M	919.8M	1.6B	1.4B	-188.4M	749.2M	4.1B	2.2B	278M	927M
Operating margin	5.23%	6.45%	9.17%	8.18%	-1.69%	4.07%	10.6%	6.89%	0.97%	3.45%
Non-operating income, net	-653.3M	62.9M	14.9M	-137.1M	-439.7M	159.1M	27.2M	47.3M	30M	-20M
Pretax income	-171.5M	868.9M	1.5B	1.2B	-747M	787.2M	3.9B	2.2B	218M	732M
Income tax	19.4M	-12.4M	347.2M	299.2M	-232.1M	123.9M	894.9M	441.6M	34M	146M
Net income	-190.9M	881.2M	1.2B	872.4M	-514.9M	663.3M	3B	1.7B	184M	586M
Net margin	-1.81%	6.18%	6.65%	4.99%	-4.6%	3.61%	7.96%	5.35%	0.64%	2.18%
EBITDA	933M	1.4B	2.1B	2B	346.7M	1.3B	4.7B	3.1B	1.2B	1.9B
EPS	-1.48	4.54	6.25	4.64	-3.72	3.39	14.3	8.29	0.91	3.08
Diluted EPS	-1.48	4.52	6.19	4.61	-3.72	3.39	14.3	8.29	0.91	3.08

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	8.9B	7.7B	7B	7.8B	7.2B	6.5B	6.4B	6.8B	7.3B	6.5B	7.1B	—
Cost of revenue	7.1B	7B	5.9B	7B	7.2B	6.6B	6.2B	6.4B	6.6B	6.3B	6.2B	—
Gross profit	1.8B	702.8M	1.1B	893.1M	7.3M	-98.2M	190M	398M	673M	131M	962M	—
Gross margin	20.4%	9.17%	16%	11.4%	0.1%	-1.51%	2.98%	5.87%	9.28%	2.03%	13.5%	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	124.2M	150.7M	103.4M	104.9M	118M	120.8M	104M	114M	105M	133M	115M	—
Operating expenses	746.7M	780.2M	710.5M	696.2M	747.6M	776.8M	109M	123M	109M	124M	115M	—
Operating income	1.1B	-77.4M	410.8M	196.9M	-110.8M	-219M	81M	275M	564M	7M	847M	—
Operating margin	12%	-1.01%	5.85%	2.51%	-1.54%	-3.37%	1.27%	4.05%	7.78%	0.11%	11.9%	—
Non-operating income, net	12.8M	22.6M	9.8M	7.5M	1.5M	11.2M	-42M	17M	4M	1M	23M	—
Pretax income	1.1B	-72.7M	402.1M	177.5M	-131.3M	-230.2M	-1M	246M	528M	-41M	839M	—
Income tax	235M	-39M	85.5M	24M	-57.3M	-18.2M	1M	36M	123M	-14M	189M	—
Net income	825.1M	-33.7M	316.6M	153.5M	-74.1M	-212M	-2M	210M	405M	-27M	650M	—
Net margin	9.26%	-0.44%	4.51%	1.96%	-1.03%	-3.26%	-0.03%	3.1%	5.59%	-0.42%	9.13%	—
EBITDA	1.3B	172.6M	639.1M	428.9M	126.5M	23.7M	326M	518M	811M	209M	1.1B	—
EPS	4.23	-0.34	1.57	0.79	-0.4	-1.14	-0.02	1.1	2.15	-0.16	3.56	4.93
Diluted EPS	4.23	-0.34	1.57	0.79	-0.4	-1.14	-0.02	1.1	2.15	-0.16	3.56	4.93

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	5.8B	9B	8.9B	8.4B	4.2B	5.3B	—	10.6B	6.7B	8.6B	14.7B
Enterprise value	6.9B	10.9B	10.2B	10.5B	6.3B	8.6B	—	12.3B	9B	10.8B	16.8B
Shares outstanding	176.1M	176.2M	175M	166.3M	162M	162.6M	202.6M	190M	192.1M	186.5M	186.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	10.2	7.6	9.67	—	8.03	—	6.17	36.6	14.7	8.45
P/S	0.55	0.63	0.51	0.48	0.37	0.29	—	0.33	0.24	0.32	0.5
P/B	1.09	1.53	1.39	1.3	0.73	0.85	—	1.03	0.72	0.93	1.53
EV/EBITDA	7.36	8.07	4.89	5.32	18.3	6.77	—	3.99	7.42	5.82	5.25
EV/Sales	0.65	0.76	0.58	0.6	0.57	0.47	—	0.38	0.32	0.4	0.54
Earnings yield	—	9.77%	13.2%	10.3%	—	12.4%	—	16.2%	2.73%	6.82%	11.8%
FCF yield	2.2%	7.53%	13.9%	14.9%	3.05%	-7.63%	—	18.1%	9.51%	9.24%	13.8%
PEG	—	—	—	—	—	—	—	—	—	—	0.02

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	16.1%	17.4%	18.1%	18.2%	12.7%	14.3%	17.8%	16.1%	2.54%	5.18%	7.83%
Operating margin	5.23%	6.45%	9.17%	8.18%	-1.69%	4.07%	10.6%	6.89%	0.97%	3.45%	11.7%
Net margin	-1.81%	6.18%	6.65%	4.99%	-4.6%	3.61%	7.96%	5.35%	0.64%	2.18%	6.13%
ROE	-3.6%	14.9%	18.2%	13.4%	-9%	10.5%	30.4%	16.7%	1.97%	6.34%	19.5%
ROA	-2.02%	8.24%	10.7%	7.17%	-4.47%	5.13%	16.8%	9.66%	1.11%	3.55%	9.16%
ROIC	8.61%	11.8%	16.3%	12.5%	-2.39%	6.61%	26.2%	14.6%	2.02%	6.45%	11.3%
Return on tangible assets	-3.59%	15.2%	19.2%	13.1%	-8.24%	8.58%	27.1%	15.6%	1.84%	5.89%	11.5%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.63	2.15	2.82	1.96	2.41	1.82	2.08	2.22	1.65	1.94	1.97
Quick ratio	1.58	1.01	1.66	1.09	1.55	0.79	1.09	1.16	0.73	0.9	0.88
Debt / equity	0.42	0.42	0.37	0.45	0.62	0.55	0.36	0.3	0.33	0.35	0.32
Debt / assets	0.24	0.23	0.22	0.24	0.31	0.27	0.2	0.17	0.19	0.2	0.18
Net debt / EBITDA	1.18	1.38	0.6	1.04	6.22	2.57	0.41	0.56	1.89	1.21	0.8
Interest coverage	-1.38	8.39	12.6	9.17	-4.9	7.29	23.4	12.3	2.32	4.37	8.52
Effective tax rate	0%	0%	22.8%	25.5%	0%	15.7%	22.7%	20.5%	15.6%	19.9%	21.2%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	59.8	80.9	101.2	105.2	69	113.1	188.6	168.2	148.8	144.1	171.3
EPS (basic)	-1.48	4.54	6.25	4.64	-3.72	3.39	14.3	8.29	0.91	3.08	3.08
EPS (diluted)	-1.48	4.52	6.19	4.61	-3.72	3.39	14.3	8.29	0.91	3.08	10.4
Book value per share	30.1	33.5	36.9	39.1	35.3	38.7	49.5	53.9	48.7	49.6	57.9
FCF per share	0.72	3.85	7.1	7.55	0.79	-2.5	16.1	10.1	3.33	4.26	7.33
Cash per share	6.44	3.58	6.6	5.32	8.45	1.44	8.22	7.12	4.17	5.24	12.7
Capex per share	2.72	1.55	1.78	1.77	2.04	5	2.59	2.03	2.45	—	2.97

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	4.55%	1.91%	1.76%	1.68%	2.95%	4.42%	1.37%	1.21%	1.64%	—	1.94%
Capex / operating cash flow	-738.9%	30.3%	20.4%	22%	4.5K%	183.8%	14%	16.8%	39.6%	—	34.6%
Payout ratio	-122.6%	26.7%	19.8%	25.8%	-44.6%	8.69%	8.42%	19.9%	209.8%	64.2%	19.1%
Dividend yield	4.06%	2.61%	2.61%	2.67%	5.48%	1.08%	—	3.23%	5.73%	4.38%	2.41%

Yield

2.41%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.525

ex-dividend Aug 11, 2026

Payout ratio

19%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 11, 2026	$0.525
May 11, 2026	$0.50
Mar 2, 2026	$0.50

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$8.9B	$7.7B	$7B	$7.8B	$7.2B	$6.5B	$6.4B	$6.8B	$7.3B	$6.5B	$7.1B	—
YoY change	-16%	-14.7%	-7.11%	+0.16%	-19.1%	-15.1%	-9.35%	-13.5%	+0.61%	-0.55%	+11.8%	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	1.1B	630.8M	1.2B	885.2M	1.4B	234.4M	1.7B	1.4B	800M	978M
Receivables	479.2M	720.7M	671.7M	879.7M	630M	1.2B	1.7B	1.7B	1.3B	1.1B
Inventory	1.1B	1.6B	1.4B	1.5B	1.2B	2.1B	3.2B	2.9B	2.8B	2.6B
Total current assets	2.9B	3.1B	3.3B	3.3B	3.3B	3.8B	6.7B	6.1B	5B	4.8B
Property, plant & equipment	4B	4.7B	4.7B	5.3B	4.9B	5.8B	7B	7B	6.9B	6.9B
Goodwill & intangibles	4.1B	4.9B	4.9B	5.5B	5.3B	5.2B	6.9B	6.8B	6.7B	6.6B
Total assets	9.4B	10.7B	11B	12.2B	11.5B	12.9B	18.1B	17.7B	16.6B	16.5B
Accounts payable	935.4M	1.2B	872.6M	1.2B	1B	1.6B	2.3B	2.2B	2.2B	1.9B
Short-term debt	—	—	—	104.4M	97.9M	110.6M	416.9M	107M	438M	99M
Total current liabilities	1.1B	1.4B	1.2B	1.7B	1.4B	2.1B	3.2B	2.8B	3B	2.5B
Long-term debt	2.2B	2.5B	2.4B	2.8B	3.4B	3.4B	3.2B	3B	2.7B	3.1B
Total liabilities	4.1B	4.8B	4.5B	5.7B	5.8B	6.6B	8.1B	7.5B	7.3B	7.3B
Shareholders' equity	5.3B	5.9B	6.5B	6.5B	5.7B	6.3B	10B	10.2B	9.3B	9.2B
Total debt	2.2B	2.5B	2.4B	2.9B	3.5B	3.5B	3.6B	3.1B	3.1B	3.2B
Net debt	1.5B	1.9B	1.3B	2B	2.2B	3.3B	2B	1.7B	2.3B	2.3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Cash & short-term investments	1.6B	2.2B	1.4B	1.2B	866.3M	1.2B	800M	547M	874M	1.5B	978M	1.1B
Receivables	1.6B	1.9B	1.7B	1.8B	1.7B	1.3B	1.3B	1.3B	1.4B	1.3B	1.1B	1.9B
Inventory	3.3B	3.1B	2.9B	3.1B	3.2B	2.7B	2.8B	3B	2.8B	2.8B	2.6B	3.3B
Total current assets	6.7B	7.4B	6.1B	6.3B	5.8B	5.4B	5B	5B	5.2B	5.6B	4.8B	6.4B
Property, plant & equipment	6.9B	6.9B	7B	7B	6.9B	6.9B	6.9B	6.9B	6.9B	6.9B	6.9B	6.9B
Goodwill & intangibles	7.9B	7.9B	6.8B	7.9B	7.9B	7.8B	6.7B	7.8B	7.8B	7.8B	6.6B	7.4B
Total assets	18.2B	18.9B	17.7B	17.9B	17.4B	16.9B	16.6B	16.5B	16.8B	17.3B	16.5B	18.2B
Accounts payable	2B	2.4B	2.2B	2.3B	2.2B	2B	2.2B	2.1B	2.2B	2.2B	1.9B	2.7B
Short-term debt	416.1M	420.8M	107M	98M	88.9M	438.9M	438M	89M	97M	99M	99M	107M
Total current liabilities	2.9B	3.5B	2.8B	2.9B	2.8B	3B	3B	2.7B	2.8B	3B	2.5B	3.6B
Long-term debt	3.1B	3.1B	3B	3B	2.9B	2.7B	2.7B	3B	3.1B	3.1B	3.1B	3.1B
Total liabilities	7.7B	8.3B	7.5B	7.6B	7.4B	7.2B	7.3B	7.3B	7.5B	7.8B	7.3B	8.4B
Shareholders' equity	10.5B	10.6B	10.2B	10.3B	10B	9.7B	9.3B	9.3B	9.3B	9.5B	9.2B	9.7B
Total debt	3.5B	3.5B	3.1B	3.1B	3B	3.1B	3.1B	3.1B	3.1B	3.2B	3.2B	3.3B
Net debt	1.9B	1.3B	1.7B	1.8B	2.2B	1.9B	2.3B	2.6B	2.3B	1.8B	2.3B	2.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-190.9M	881.2M	1.2B	872.4M	-514.9M	663.3M	3B	1.7B	184M	586M
Depreciation & amortization	363M	409.9M	437.3M	509.9M	520.9M	503.5M	656.8M	770.6M	832M	909M
Stock-based compensation	25.6M	42.3M	42.2M	42.3M	31.7M	39.3M	30.3M	41.1M	23M	33M
Change in working capital	50.1M	-38M	-145.9M	286.3M	157.6M	-353M	8.4M	-98.4M	612M	-369M
Operating cash flow	-64.9M	900M	1.5B	1.3B	7.4M	442.5M	3.7B	2.3B	1.2B	1.3B
Capital expenditure	-479.8M	-272.3M	-311M	-293.8M	-330.2M	-813.4M	-524M	-385.4M	-470M	—
Investing cash flow	-801.6M	-959.7M	-360.5M	-974.1M	-331M	-1.3B	-785.1M	-375.5M	-474M	5M
Dividends paid	-234M	-235.5M	-233.5M	-225.2M	-229.5M	-57.7M	-255.9M	-340.7M	-386M	-376M
Share repurchases	-138.1M	-15.9M	-363.4M	-533.1M	-7.6M	-7.1M	-1.4B	-999.3M	-672M	-354M
Financing cash flow	719.2M	386.4M	-753.3M	-805.8M	301.2M	-285.3M	-1.6B	-2.2B	-1.2B	-631M
Net change in cash	-147.3M	326.7M	411.8M	-447.1M	-22.5M	-1.2B	1.4B	-319.3M	-470M	689M
Free cash flow	127.2M	679.1M	1.2B	1.3B	127.8M	-406.7M	3.3B	1.9B	640M	794M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Net income	534.5M	825.1M	-33.7M	316.6M	153.5M	-74M	-212M	-2M	210M	405M	-27M	650M
Depreciation & amortization	189.4M	195.6M	211.7M	198.7M	205.3M	210.8M	218.2M	225M	226M	230M	228M	229M
Stock-based compensation	11.6M	11.5M	14.8M	5.4M	5.7M	4.8M	7.2M	5M	8M	7M	13M	7M
Change in working capital	26.1M	282.2M	-3.3M	-12.8M	11.3M	469.8M	144.2M	-218M	92M	25M	-268M	40M
Operating cash flow	600.1M	1.2B	476M	248.7M	277.6M	657.7M	4.3M	-234M	478M	809M	8M	457M
Capital expenditure	-80.2M	-81.2M	-124M	-89.1M	-84.2M	-123.9M	-173.1M	-86M	-111M	—	—	—
Investing cash flow	-80.6M	-68.1M	-125.8M	-93.3M	-83.8M	-123.6M	-173.4M	-86M	-111M	-27M	28M	-59M
Dividends paid	-87.3M	-83.6M	-81.9M	-99.4M	-95.9M	-95.5M	-95.5M	-95M	-95M	-94M	-92M	-91M
Share repurchases	-2.5M	-585.6M	-165.7M	-169.6M	-371.2M	-126.3M	-4.7M	0	-50M	-166M	-138M	-76M
Financing cash flow	-163.7M	-725.5M	-975.6M	-335.5M	-516.3M	-227.7M	-103.3M	-80M	-159M	-84M	-308M	-125M
Net change in cash	355.9M	377.9M	-625.4M	-180.1M	-322.5M	306.3M	-272.3M	-400M	208M	698M	-272M	273M
Free cash flow	409.8M	1.3B	106.7M	227.8M	141.7M	585.5M	-313.5M	-175M	476M	688M	-195M	355M

Date	Ratio
Jun 8, 2020	1:50
Sep 1, 2011	2:1
Jun 2, 2006	2:1
Aug 31, 2004	2:1
Jul 9, 2001	2:1
Jul 21, 1988	2:1
Dec 23, 1985	2:1

HF Sinclair Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history