NYSE : DINO
HF Sinclair Corporation — Financial statements
Energy · Oil & Gas Refining & Marketing · United States
Last price 115 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 19.71B
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Financial statements
HF Sinclair Corporation (DINO) reported revenue of 34.83B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 34.83B | 26.87B | 28.58B | 31.96B | 38.20B | 18.39B |
| Cost of Revenue | 28.56B | 24.57B | 26.99B | 28.49B | 33.07B | 16.77B |
| Gross Profit | 6.28B | 2.30B | 1.59B | 3.47B | 5.14B | 1.62B |
| Selling, General & Admin | 524.00M | 456.00M | 447.00M | 497.00M | 374.00M | 354.21M |
| Other Operating Expenses | 17.00M | |||||
| Operating Expenses | 1.49B | 1.38B | 1.28B | 1.27B | 1.03B | 857.75M |
| Operating Income | 4.79B | 919.00M | 313.00M | 2.20B | 4.11B | 757.99M |
| Interest Expense | -179.00M | -217.00M | -165.00M | -191.00M | -176.00M | -125.17M |
| Interest & Investment Income | 65.00M | 42.00M | 75.00M | 94.00M | 30.00M | 4.02M |
| Earnings From Equity Investments | 25.00M | 33.00M | 32.00M | 17.00M | 12.43M | |
| Currency Exchange Gain (Loss) | 5.00M | 5.00M | 3.00M | -2.00M | -2.94M | |
| Other Non Operating Income (Expenses) | 14.00M | 8.36M | ||||
| EBT Excluding Unusual Items | 4.72B | 782.00M | 255.00M | 2.13B | 3.96B | 654.69M |
| Merger & Restructuring Charges | -53.00M | -8.80M | ||||
| Gain (Loss) on Sale of Investments | -7.00M | -47.00M | ||||
| Gain (Loss) on Sale of Assets | 2.00M | 13.00M | 15.00M | 27.00M | 14.00M | 89.77M |
| Asset Writedown | -77.00M | -3.00M | -17.00M | |||
| Legal Settlements | 11.00M | 11.00M | ||||
| Other Unusual Items | -28.00M | -24.00M | -35.00M | 1.00M | 51.50M | |
| Pretax Income | 4.62B | 732.00M | 218.00M | 2.15B | 3.94B | 787.15M |
| Income Tax Expense | 1.09B | 146.00M | 34.00M | 442.00M | 895.00M | 123.90M |
| Earnings From Continuing Operations | 3.53B | 586.00M | 184.00M | 1.71B | 3.04B | 663.25M |
| Minority Interest in Earnings | -6.00M | -7.00M | -7.00M | -121.00M | -118.00M | -104.93M |
| Net Income | 3.53B | 579.00M | 177.00M | 1.59B | 2.92B | 558.32M |
| Preferred Dividends & Other Adjustments | 26.00M | 5.00M | 2.00M | 14.00M | 30.00M | 7.46M |
| Net Income to Common | 3.50B | 574.00M | 175.00M | 1.58B | 2.89B | 550.86M |
| Shares Outstanding (Basic) | 179.67M | 186.47M | 192.07M | 190.03M | 202.57M | 162.57M |
| Shares Outstanding (Diluted) | 179.67M | 186.47M | 192.07M | 190.03M | 202.57M | 162.57M |
| EPS (Basic) | 19.49 | 3.08 | 0.91 | 8.29 | 14.28 | 3.39 |
| EPS (Diluted) | 19.48 | 3.08 | 0.91 | 8.29 | 14.28 | 3.39 |
| Free Cash Flow | 3.27B | 866.00M | 640.00M | 1.91B | 3.25B | -406.73M |
| Free Cash Flow Per Share | 18.20 | 4.64 | 3.33 | 10.06 | 16.06 | -2.50 |
| Dividend Per Share | 2.02 | 2.00 | 2.00 | 1.80 | 1.20 | 0.35 |
| Gross Margin | 18.01% | 8.56% | 5.57% | 10.86% | 13.45% | 8.79% |
| Operating Margin | 13.74% | 3.42% | 1.09% | 6.89% | 10.75% | 4.12% |
| Profit Margin | 10.05% | 2.14% | 0.61% | 4.93% | 7.57% | 3.00% |
| Free Cash Flow Margin | 9.39% | 3.22% | 2.24% | 5.98% | 8.52% | -2.21% |
| EBITDA | 5.42B | 1.49B | 881.00M | 2.73B | 4.61B | 1.12B |
| EBITDA Margin | 15.55% | 5.56% | 3.08% | 8.56% | 12.05% | 6.12% |
| D&A For EBITDA | 629.00M | 575.00M | 568.00M | 532.00M | 498.00M | 366.64M |
| EBIT | 4.79B | 919.00M | 313.00M | 2.20B | 4.11B | 757.99M |
| EBIT Margin | 13.74% | 3.42% | 1.09% | 6.89% | 10.75% | 4.12% |
| Effective Tax Rate | 23.51% | 19.95% | 15.60% | 20.53% | 22.74% | 15.74% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 3.33B | 978.00M | 800.00M | 1.35B | 1.67B | 234.44M |
| Cash & Short-Term Investments | 3.33B | 978.00M | 800.00M | 1.35B | 1.67B | 234.44M |
| Accounts Receivable | 2.14B | 1.14B | 1.25B | 1.73B | 1.70B | 1.24B |
| Other Receivables | 3.00M | 47.00M | 70.00M | 56.00M | 53.56M | 97.38M |
| Receivables | 2.14B | 1.18B | 1.32B | 1.78B | 1.76B | 1.34B |
| Inventory | 3.43B | 2.57B | 2.80B | 2.92B | 3.21B | 2.12B |
| Prepaid Expenses | 72.00M | 73.00M | 76.00M | 85.00M | 93.36M | 60.15M |
| Other Current Assets | 19.00M | 5.00M | 19.00M | 4.00M | 18.65M | 6.46M |
| Total Current Assets | 8.99B | 4.81B | 5.01B | 6.15B | 6.75B | 3.76B |
| Property, Plant & Equipment | 6.89B | 6.88B | 6.91B | 6.97B | 7.04B | 5.81B |
| Long-Term Investments | 246.00M | |||||
| Goodwill | 2.98B | 2.98B | 2.98B | 2.98B | 2.98B | 2.29B |
| Other Intangible Assets | 697.00M | 301.00M | 351.00M | 411.00M | 463.73M | 299.06M |
| Long-Term Deferred Charges | 894.00M | 883.00M | 777.00M | 645.00M | 376.16M | 397.38M |
| Other Long-Term Assets | 654.00M | 611.00M | 561.00M | 518.99M | 353.63M | |
| Total Assets | 20.70B | 16.51B | 16.64B | 17.72B | 18.13B | 12.92B |
| Accounts Payable | 2.61B | 1.90B | 2.24B | 2.21B | 2.33B | 1.61B |
| Accrued Expenses | 486.00M | 310.00M | 315.00M | 381.00M | 424.19M | 266.47M |
| Short-Term Debt | 107.00M | 94.00M | 32.00M | 37.00M | ||
| Current Portion of Long-Term Debt | 350.00M | 306.96M | ||||
| Current Portion of Leases | 104.00M | 99.00M | 88.00M | 118.00M | 160.45M | 158.52M |
| Current Income Taxes Payable | 445.00M | 5.00M | 3.00M | 9.00M | 7.82M | 25.16M |
| Other Current Liabilities | 217.00M | 75.00M | 19.00M | 24.00M | 12.01M | 1.83M |
| Total Current Liabilities | 3.97B | 2.48B | 3.04B | 2.77B | 3.25B | 2.07B |
| Long-Term Debt | 2.77B | 2.77B | 2.29B | 2.74B | 2.95B | 3.07B |
| Long-Term Leases | 376.00M | 364.00M | 372.00M | 324.00M | 304.58M | 365.30M |
| Pension & Post-Retirement Benefits | 29.95M | 35.07M | ||||
| Long-Term Deferred Tax Liabilities | 1.37B | 1.24B | 1.22B | 1.30B | 1.26B | 837.40M |
| Other Long-Term Liabilities | 427.00M | 403.00M | 370.00M | 344.00M | 317.18M | 246.17M |
| Total Liabilities | 8.91B | 7.26B | 7.30B | 7.48B | 8.11B | 6.62B |
| Common Stock | 2.00M | 2.00M | 2.00M | 2.00M | 2.23M | 2.56M |
| Additional Paid-In Capital | 6.03B | 6.01B | 6.00B | 5.99B | 6.47B | 4.22B |
| Retained Earnings | 8.65B | 5.37B | 5.17B | 5.38B | 4.13B | 4.41B |
| Treasury Stock | -2.92B | -2.17B | -1.84B | -1.19B | -1.34B | -2.95B |
| Comprehensive Income & Other | -46.00M | -26.00M | -47.00M | -12.00M | -22.01M | 2.67M |
| Total Common Equity | 11.72B | 9.18B | 9.28B | 10.17B | 9.24B | 5.69B |
| Minority Interest | 64.00M | 65.00M | 68.00M | 68.00M | 773.76M | 606.58M |
| Shareholders' Equity | 11.78B | 9.25B | 9.35B | 10.24B | 10.02B | 6.29B |
| Total Liabilities & Equity | 20.70B | 16.51B | 16.64B | 17.72B | 18.13B | 12.92B |
| Total Debt | 3.36B | 3.33B | 3.13B | 3.22B | 3.72B | 3.60B |
| Net Cash (Debt) | -28.00M | -2.35B | -2.33B | -1.86B | -2.06B | -3.36B |
| Net Cash Per Share | -0.16 | -12.59 | -12.13 | -9.81 | -10.15 | -20.68 |
| Filing Date Shares Outstanding | 171.37M | 180.27M | 188.41M | 198.57M | 196.19M | 163.00M |
| Total Common Shares Outstanding | 172.83M | 181.79M | 188.41M | 200.00M | 197.08M | 163.00M |
| Working Capital | 5.03B | 2.33B | 1.97B | 3.37B | 3.50B | 1.70B |
| Book Value Per Share | 67.81 | 50.52 | 49.24 | 50.85 | 46.90 | 34.89 |
| Tangible Book Value | 8.04B | 5.91B | 5.95B | 6.78B | 5.80B | 3.10B |
| Tangible Book Value Per Share | 46.55 | 32.48 | 31.58 | 33.90 | 29.44 | 18.99 |
| Land | 814.00M | 790.00M | 766.00M | 741.87M | 607.55M | |
| Machinery | 44.00M | 42.00M | 38.00M | 43.80M | 27.81M | |
| Construction In Progress | 401.00M | 310.00M | 291.00M | 324.92M | 710.30M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 3.53B | 579.00M | 177.00M | 1.59B | 2.92B | 558.32M |
| Depreciation & Amortization | 629.00M | 575.00M | 568.00M | 532.00M | 498.00M | 366.64M |
| Other Amortization | 334.00M | 334.00M | 264.00M | 239.00M | 159.00M | 136.90M |
| Loss (Gain) From Sale of Assets | -2.00M | -2.00M | -7.00M | -2.00M | -89.77M | |
| Asset Writedown & Restructuring Costs | 77.00M | 3.00M | 17.00M | |||
| Loss (Gain) From Sale of Investments | 7.00M | 47.00M | ||||
| Loss (Gain) on Equity Investments | 5.00M | -1.00M | 1.00M | 8.00M | 20.00M | |
| Stock-Based Compensation | 39.00M | 33.00M | 23.00M | 41.00M | 31.00M | 39.27M |
| Other Operating Activities | -670.00M | 50.00M | -492.00M | 14.00M | 119.00M | -339.81M |
| Change in Accounts Receivable | -803.00M | 123.00M | 463.00M | -17.00M | -4.00M | -614.41M |
| Change in Inventory | -299.00M | -171.00M | 138.00M | 30.00M | -224.00M | -344.56M |
| Change in Accounts Payable | 370.00M | -345.00M | 25.00M | -109.00M | 194.00M | 612.41M |
| Change in Income Taxes | 449.00M | 26.00M | -20.00M | -2.00M | 26.00M | 16.74M |
| Change in Other Net Operating Assets | 94.00M | 64.00M | -52.00M | -22.00M | 37.00M | 64.93M |
| Operating Cash Flow | 3.76B | 1.31B | 1.11B | 2.30B | 3.78B | 406.68M |
| Capital Expenditures | -488.00M | -449.00M | -470.00M | -385.00M | -524.00M | -813.41M |
| Sale of Property, Plant & Equipment | 1.00M | 6.00M | 4.00M | 17.00M | 3.00M | 106.36M |
| Cash Acquisitions | -38.00M | -251.00M | -624.33M | |||
| Investment in Securities | -24.00M | -2.00M | 4.17M | |||
| Other Investing Activities | -42.00M | -73.00M | -2.00M | -3.00M | ||
| Investing Cash Flow | -591.00M | -516.00M | -468.00M | -371.00M | -774.00M | -1.33B |
| Long-Term Debt Issued | 2.02B | 60.00M | 910.00M | 555.50M | ||
| Total Debt Issued | 101.00M | 2.02B | 60.00M | 910.00M | 555.50M | |
| Long-Term Debt Repaid | -1.89B | -117.00M | -593.00M | -735.00M | -632.99M | |
| Total Debt Repaid | -143.00M | -1.89B | -117.00M | -593.00M | -735.00M | -632.99M |
| Net Debt Issued (Repaid) | -42.00M | 137.00M | -117.00M | -533.00M | 175.00M | -77.49M |
| Repurchase of Common Stock | -872.00M | -354.00M | -672.00M | -999.00M | -1.37B | -7.06M |
| Common Dividends Paid | -365.00M | -376.00M | -386.00M | -341.00M | -256.00M | -57.66M |
| Other Financing Activities | -6.00M | -38.00M | -7.00M | -371.00M | -108.00M | -69.59M |
| Financing Cash Flow | -1.28B | -631.00M | -1.18B | -2.24B | -1.56B | -211.80M |
| Foreign Exchange Rate Adjustments | -1.00M | 10.00M | -14.00M | 7.00M | -11.00M | -1.53M |
| Net Cash Flow | 1.88B | 178.00M | -554.00M | -311.00M | 1.43B | -1.13B |
| Free Cash Flow | 3.27B | 866.00M | 640.00M | 1.91B | 3.25B | -406.73M |
| Free Cash Flow Margin | 9.39% | 3.22% | 2.24% | 5.98% | 8.52% | -2.21% |
| Free Cash Flow Per Share | 18.20 | 4.64 | 3.33 | 10.06 | 16.06 | -2.50 |
| Levered Free Cash Flow | 2.99B | 1.03B | 1.01B | 1.82B | 1.94B | -779.74M |
| Unlevered Free Cash Flow | 3.10B | 1.17B | 1.11B | 1.94B | 2.05B | -701.51M |
| Cash Interest Paid | 166.00M | 139.00M | 164.00M | 203.00M | 160.00M | 136.43M |
| Cash Income Tax Paid | 51.00M | 51.00M | 110.00M | 251.00M | 816.00M | -19.76M |
| Change in Working Capital | -189.00M | -303.00M | 554.00M | -120.00M | 29.00M | -264.88M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 19.27B | 8.48B | 6.59B | 11.11B | 10.42B | 5.33B |
| Enterprise Value | 19.30B | 10.49B | 8.57B | 13.23B | 13.47B | 7.98B |
| Last Close Price | 115.00 | 45.03 | 32.59 | 49.66 | 44.72 | 27.62 |
| PE Ratio | 5.77 | 14.77 | 37.68 | 7.05 | 3.60 | 9.67 |
| Forward PE | 4.97 | 9.01 | 13.12 | 8.09 | 4.38 | 7.88 |
| PS Ratio | 0.57 | 0.32 | 0.23 | 0.35 | 0.27 | 0.29 |
| PB Ratio | 1.70 | 0.92 | 0.71 | 1.09 | 1.04 | 0.85 |
| P/TBV Ratio | 2.45 | 1.44 | 1.11 | 1.64 | 1.79 | 1.72 |
| P/FCF Ratio | 6.02 | 9.79 | 10.30 | 5.81 | 3.20 | |
| P/OCF Ratio | 5.24 | 6.45 | 5.94 | 4.84 | 2.76 | 13.10 |
| PEG Ratio | 0.16 | 0.62 | 11.23 | 0.35 | 48.41 | |
| EV/Sales Ratio | 0.57 | 0.39 | 0.30 | 0.41 | 0.35 | 0.43 |
| EV/EBITDA Ratio | 3.64 | 7.02 | 9.73 | 4.84 | 2.93 | 7.09 |
| EV/EBIT Ratio | 4.12 | 11.41 | 27.39 | 6.00 | 3.28 | 10.53 |
| EV/FCF Ratio | 6.03 | 12.11 | 13.40 | 6.92 | 4.14 | |
| Debt / Equity Ratio | 0.28 | 0.36 | 0.34 | 0.31 | 0.37 | 0.57 |
| Debt / EBITDA Ratio | 0.61 | 2.07 | 3.05 | 1.12 | 0.79 | 2.89 |
| Debt / FCF Ratio | 1.03 | 3.84 | 4.89 | 1.68 | 1.14 | |
| Net Debt / Equity Ratio | 0.00 | 0.25 | 0.25 | 0.18 | 0.20 | 0.53 |
| Net Debt / EBITDA Ratio | 0.01 | 1.57 | 2.65 | 0.68 | 0.45 | 2.99 |
| Net Debt / FCF Ratio | 0.01 | 2.71 | 3.64 | 0.97 | 0.63 | -8.27 |
| Asset Turnover | 1.83 | 1.62 | 1.66 | 1.78 | 2.46 | 1.51 |
| Inventory Turnover | 9.19 | 9.15 | 9.44 | 9.29 | 12.39 | 10.18 |
| Quick Ratio | 1.38 | 0.87 | 0.70 | 1.13 | 1.05 | 0.76 |
| Current Ratio | 2.27 | 1.94 | 1.65 | 2.21 | 2.08 | 1.82 |
| Return on Equity (ROE) | 33.21% | 6.30% | 1.88% | 16.89% | 37.29% | 11.04% |
| Return on Assets (ROA) | 15.77% | 3.46% | 1.14% | 7.68% | 16.54% | 3.88% |
| Return on Invested Capital (ROIC) | 31.52% | 6.32% | 2.22% | 14.49% | 29.20% | 7.26% |
| Return on Capital Employed (ROCE) | 28.60% | 6.60% | 2.30% | 14.70% | 27.60% | 7.00% |
| Earnings Yield | 17.32% | 6.83% | 2.68% | 14.31% | 28.06% | 10.48% |
| FCF Yield | 16.60% | 10.22% | 9.71% | 17.20% | 31.23% | -7.64% |
| Dividend Yield | 1.88% | 4.29% | 5.71% | 3.24% | 2.27% | 1.07% |
| Payout Ratio | 10.78% | 64.94% | 218.08% | 21.45% | 8.76% | 10.33% |
| Buyback Yield / Dilution | 4.35% | 2.92% | -1.07% | 6.19% | -24.60% | -0.36% |
| Total Shareholder Return | 6.17% | 7.21% | 4.64% | 9.43% | -22.33% | 0.71% |