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HF Sinclair Corp. (DINO)

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HF Sinclair Corp. (DINO) reported revenue of $10.4 billion for Q2 FY2026, the quarter ended 30 June 2026, up 53.2% on the same quarter a year earlier. Net income was $892 million, up 328.8% on the year, and diluted earnings per share $4.93. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue$10.4 billionup 53.2%
Net income$892 millionup 328.8%
Diluted EPS$4.93
QuarterQ2 FY2026ended 30 June 2026

HF Sinclair (DINO) in brief

HF Sinclair (DINO) reported revenue of $26.9 billion for fiscal 2025, the year ended 31 December 2025, down 6.0% on the year before.
Read moreNet income was $579 million and diluted earnings per share $3.08. Revenue was $28.6 billion in fiscal 2024, $32.0 billion in fiscal 2023, $38.2 billion in fiscal 2022 and $18.4 billion in fiscal 2021. Net income in the same years was $177 million, $1.6 billion, $2.9 billion and $558 million. Over the twelve months to 30 June 2026, HF Sinclair reported revenue of $31.2 billion and net income of $1.9 billion. Revenue grew 19.2% a year, compounded, over the five years to fiscal 2025. HF Sinclair declared $2.00 a share in dividends over the last four quarters and had 178 million shares outstanding at the latest filed count. At 30 June 2026 it carried $2.8 billion of debt and $2.3 billion of cash. At the close of 8 October 2026 the market cap of HF Sinclair was $21.5 billion, 11.5 times its earnings over the last twelve months.

Ratios

From the filings

ROE18.6%
ROCE19.8%
Operating margin8.3%
Net margin6.1%
FCF margin7.4%
Interest cover14.69
Debt to equity0.27
Cash conversion1.45
Share count, 1 year-5.0%
Sales CAGR, 3 years-11.1%
Profit CAGR, 3 years-41.7%
EPS, TTM$10.48

At the close of 8 October 2026

Price$120.72
Market cap$21.5 billion
Stock P/E11.52
Price to book2.09
EV / EBITDA6.28
Dividend yield1.7%
Market cap / sales0.69
52-week high$120.72
52-week low$45.88
Price, 1 year130.6%
Price CAGR, 3 years31.6%
Price CAGR, 5 years28.3%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as HF Sinclair Corp. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
DINOgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on DINO

Filings28 in twelve months: 18 current reports (8-K), about 7 officer or director change; 5 regulation fd disclosure; 4 material agreement; 4 results of operations; 1 other events
Planned insider sales6 Form 144 notices in twelve months, $10.1 million; latest 5 August 2026
Options tapeput/call 0.64 by open interest at the 8 October 2026 close; the straddle prices a 6.0% move to 16 October 2026
13F holders8 of the followed funds hold it; largest Citadel Advisors; 4 Schedule 13D or 13G filings in twelve months
Insider trading6 sales and 3 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest9.8 million shares short, 4.01 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024 †Q2 FY2024 †Q3 FY2024 †Q4 FY2024 * †Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue8,9057,6607,0277,8467,2076,5006,3706,7847,2516,4647,12310,390
Cost of revenue6,9366,4715,9267,3396,9906,3805,9556,1606,3486,1055,9328,817
Gross profit1,9701,1891,1015072171204156249033591,1911,573
Gross margin22%16%16%6%3%2%7%9%12%6%17%15%
SG&A124151103104118122104114105133115130
Operating income1,071-77.4411197-121-22681.02755647.08471,168
Operating margin12%-1%6%3%-2%-3%1%4%8%0%12%11%
Interest expense48.749.340.745.040.038.549.053.051.064.041.020.0
Pre-tax income1,060-72.7402178-131-230-1.0246528-41.08391,172
Tax rate22%n/a21%13%n/an/an/a15%23%n/a23%24%
Net income791-62.2315152-75.9-214-4.0208403-28.0648892
Net margin9%-1%4%2%-1%-3%-0%3%6%-0%9%9%
Diluted EPS$4.23-$0.34$1.57$0.79-$0.40-$1.14-$0.02$1.10$2.15-$0.16$3.56$4.93
Operating cash flow1,399231317226708-140-89.05878098.04571,510
Capital expenditure75.511489.184.212417386.0111121131102118
Free cash flow1,323117228142584-313-175476688-1233551,392
Buybacks5861661703711274.70.050.016613876.0179
Dividends paid83.681.999.095.995.395.595.095.094.092.091.089.0
Shares outstanding180m199m192m191m188m188m188m187m184m180m180m178m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 7 fiscal years and the trailing twelve months

FY2019FY2020FY2021FY2022 †FY2023 †FY2024 †FY2025TTM
Revenue17,48711,18418,38938,20531,96428,58026,86931,228
Cost of revenue13,9189,15915,56730,68025,78427,02324,56827,202
Gross profit3,5682,0252,8227,5256,1801,5572,3014,026
Gross margin20.4%18.1%15.3%19.7%19.3%5.4%8.6%12.9%
Selling, general and administrative354314362426497447456483
Operating income1,277-7347494,0542,2032619272,586
Operating margin7.3%-6.6%4.1%10.6%6.9%0.9%3.5%8.3%
Interest expense143127125176191165217176
Pre-tax income1,172-7477873,9362,1532187322,498
Income tax299-23212489544234.0146577
Effective tax rate25.5%n/a15.7%22.7%20.5%15.6%19.9%23.1%
Net income772-6015582,9231,5901775791,915
Net margin4.4%-5.4%3.0%7.6%5.0%0.6%2.2%6.1%
Diluted EPS$4.61-$3.72$3.39$14.28$8.29$0.91$3.08$10.48
Filing8-K8-K8-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2019FY2020FY2021FY2022 †FY2023 †FY2024 †FY2025TTM
Operating cash flow1,5494584073,7772,2971,1101,3152,784
Capital expenditure264271725524385470449472
Free cash flow1,285187-3183,2531,9126408662,312
Free cash flow margin7.3%1.7%-1.7%8.5%6.0%2.2%3.2%7.4%
Cash from investing-973-330-1,327-774-371-468-516-603
Cash from financing-848353-212-1,561-2,244-1,182-631-792
Depreciation and amortisation510521504657771832909915
Share-based compensation42.331.739.331.041.023.033.037.0
Buybacks5337.67.11,372999672354559
Dividends paid22522957.7256341386376366
Dividend per share$1.34$1.40$0.35$1.20$1.80$2.00$2.00n/a
Diluted shares, weighted167m162m163m203m190m192m186m179m
Shares outstanding at period end162m162m163mn/an/an/an/a178m
Filing8-K8-K8-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2019FY2020FY2021FY2022 †FY2023 †FY2024 †FY2025TTM
Funded by
Shareholders' equity6,5095,1685,6889,24410,1699,2789,18410,285
Non-controlling interestn/a55460777468.068.065.065.0
Debtn/a3,1433,0903,2762,7562,6382,7692,772
Operating lease liabilitiesn/a286309254249301289297
Finance lease liabilitiesn/a5.156.650.474.971.075.071.0
Other liabilitiesn/a2,3513,1674,5284,3994,2874,1285,504
Total liabilities and equityn/a11,50712,91718,12517,71616,64316,51018,994
Owned
Goodwilln/a2,2942,2932,9782,9782,9772,9782,978
Intangible assetsn/a335299464411351301n/a
Cash and equivalents8851,3682341,6651,3548009782,262
Receivablesn/a6301,2421,7031,7251,2511,1361,745
Inventoryn/a1,1732,1223,2152,9222,7982,5733,276
Other assetsn/a5,7066,7268,1018,3278,4668,5448,733
Total assetsn/a11,50712,91718,12517,71616,64316,51018,994
Filing8-K8-K8-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a19.2%-11.1%16.3%
Profit growth, compoundedn/an/a-41.7%n/a
Return on equity, averagen/a13.1%7.9%6.3%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Transportation

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Old Dominion Freight Line, Inc. ODFL$37.7 billion35.0024.0%25.8%-0.6%0.000.6%
Carnival Corp. Ltd. CCL$35.1 billion11.4122.1%16.0%5.2%1.737.5%
United Airlines Holdings, Inc. UAL$34.9 billion10.0520.9%7.7%8.5%1.46n/a
Expedia Group, Inc. EXPE$30.9 billion16.84168.4%16.0%12.0%4.520.7%
Expeditors International of Washington Inc. EXPD$25.2 billion28.2043.4%9.8%6.8%0.000.8%
HF Sinclair Corp. DINO$21.5 billion11.5218.6%8.3%16.3%0.271.7%
J.B. Hunt Transport Services, Inc. JBHT$21.5 billion32.3518.4%7.5%5.3%0.310.2%
Xpo, Inc. XPO$21.3 billion53.6720.6%8.8%7.1%1.55n/a
Southwest Airlines Co. LUV$20.2 billion25.3711.8%3.5%9.5%0.541.7%
C. H. Robinson Worldwide, Inc. CHRW$16.6 billion26.9738.9%4.9%-0.1%1.041.8%
ZTO Express (Cayman) Inc. ZTO *$15.7 billion11.9213.7%21.3%10.9%n/a3.3%
Knight-Swift Transportation Holdings Inc. KNX$10.6 billion250.190.6%2.7%4.1%0.271.1%
All 29 in Transportation
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Union Pacific Corp. UNP$165.2 billion22.5335.5%40.0%4.2%1.402.0%
Booking Holdings Inc. BKNG$120.2 billion17.75n/a32.9%12.9%n/a0.2%
CSX Corp. CSX$87.7 billion27.3622.9%34.2%2.5%1.221.1%
United Parcel Service Inc. UPS$80.1 billion17.5030.3%7.3%-0.4%1.587.0%
Royal Caribbean Cruises Ltd. RCL$75.3 billion17.3943.0%27.3%8.7%2.231.8%
Norfolk Southern Corp. NSC$71.2 billion27.0516.2%32.2%3.0%0.981.7%
FedEx Corp. FDX$69.0 billion15.7614.0%5.8%7.7%0.742.0%
Delta Air Lines, Inc. DAL$54.0 billion13.6218.1%8.1%10.3%0.590.8%
Old Dominion Freight Line, Inc. ODFL$37.7 billion35.0024.0%25.8%-0.6%0.000.6%
Carnival Corp. Ltd. CCL$35.1 billion11.4122.1%16.0%5.2%1.737.5%
United Airlines Holdings, Inc. UAL$34.9 billion10.0520.9%7.7%8.5%1.46n/a
Expedia Group, Inc. EXPE$30.9 billion16.84168.4%16.0%12.0%4.520.7%
Expeditors International of Washington Inc. EXPD$25.2 billion28.2043.4%9.8%6.8%0.000.8%
HF Sinclair Corp. DINO$21.5 billion11.5218.6%8.3%16.3%0.271.7%
J.B. Hunt Transport Services, Inc. JBHT$21.5 billion32.3518.4%7.5%5.3%0.310.2%
Xpo, Inc. XPO$21.3 billion53.6720.6%8.8%7.1%1.55n/a
Southwest Airlines Co. LUV$20.2 billion25.3711.8%3.5%9.5%0.541.7%
C. H. Robinson Worldwide, Inc. CHRW$16.6 billion26.9738.9%4.9%-0.1%1.041.8%
ZTO Express (Cayman) Inc. ZTO *$15.7 billion11.9213.7%21.3%10.9%n/a3.3%
Knight-Swift Transportation Holdings Inc. KNX$10.6 billion250.190.6%2.7%4.1%0.271.1%
Saia Inc. SAIA$9.1 billion32.9410.2%11.0%4.8%0.04n/a
American Airlines Group Inc. AAL$8.5 billionn/an/a1.7%7.5%n/a0.0%
Kirby Corp. KEX$7.3 billion21.2510.3%14.0%6.6%0.30n/a
Norwegian Cruise Line Holdings Ltd. NCLH$7.1 billion9.6829.6%15.1%6.2%5.40n/a
Landstar System Inc. LSTR$5.7 billion43.9015.7%3.5%4.1%0.002.1%
Gatx Corp. GATX$5.7 billion16.1213.2%29.1%22.8%4.431.5%
GXO Logistics, Inc. GXO$5.3 billion41.034.4%2.4%7.6%0.82n/a
Alaska AIR Group, Inc. ALK$4.4 billionn/a-4.8%-1.5%9.8%1.650.9%
Brinks Co. BCO$4.2 billion23.6958.3%10.5%8.1%12.541.0%
No other company here shares its SEC industry code (Pipe Lines (No Natural Gas)); these are the names nearest in size in its wider industry, Transportation, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 20261 May 2026EDGAR
10-K31 December 202527 February 2026EDGAR
10-Q30 September 202530 October 2025EDGAR
10-Q30 June 202531 July 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-K31 December 202420 February 2025EDGAR
10-Q30 September 202431 October 2024EDGAR
10-Q30 June 20241 August 2024EDGAR
10-Q31 March 20248 May 2024EDGAR

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