14 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 12.5% per year over the past 5 years.
Net income has grown slower than revenue (2.1% vs 12.5% per year).
Operating margin has contracted, at 17.9% in the latest year.
Financial health
Total debt ($2.3B) exceeds cash ($11M); net debt is $2.3B.
Total debt has grown faster than revenue (27.1% vs 12.5% per year).
Operating income covered interest expense 1.0× in the latest year.
Total debt is 7.6× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$1.0B
$176M
21.2%
17.9%
-$31M
$2.3B
$11M
2024
$941M
$143M
25.9%
21.6%
$77M
$1.9B
$5M
2023
$1.0B
$126M
27.9%
23.4%
$129M
$1.7B
$4M
2022
$1.0B
$159M
24.1%
20.2%
$51M
$1.7B
$8M
2021
$701M
$165M
30.8%
27.2%
$252M
$899M
$4M
2020
$563M
$159M
36.7%
31.9%
$180M
—
$4M
2019
$584M
$97M
25.9%
21.5%
$121M
—
$6M
2018
$658M
$90M
22.6%
19.1%
$140M
—
$5M
2017
—
$69M
—
—
$73M
—
$5M
2016
—
$63M
—
—
$89M
—
$59000
2015
—
$66M
—
—
$48M
—
$0
2014
—
$70M
—
—
$76M
—
$2M
2013
—
$33M
—
—
$11M
—
$924000
2012
—
$14M
—
—
-$14M
—
$23M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$297M
$32M
15.8%
13.4%
$122M
$2.3B
$10M
Dec '25
$256M
$47M
17.2%
14.2%
$13M
$2.3B
$11M
Sep '25
$261M
$46M
20.6%
17.4%
-$12M
$2.3B
$7M
Jun '25
$246M
$45M
25.8%
21.3%
-$7M
$2.2B
$1M
Mar '25
$250M
$39M
21.5%
19.0%
-$24M
$2.1B
$2M
Dec '24
$210M
$35M
23.4%
18.1%
$4M
$1.9B
$5M
Sep '24
$214M
$34M
22.8%
14.9%
-$32M
$1.9B
$7M
Jun '24
$265M
$41M
28.1%
25.9%
$72M
$1.6B
$5M
Mar '24
$252M
$33M
28.4%
25.6%
$33M
$1.6B
$10M
Dec '23
$254M
$22M
29.3%
20.7%
$77M
$1.7B
$4M
Sep '23
$276M
$35M
25.1%
22.7%
$44M
$1.7B
$4M
Jun '23
$247M
$32M
27.5%
24.3%
$7M
$1.7B
$8M
Mar '23
$244M
$37M
30.2%
26.3%
$1M
$1.7B
$11M
Dec '22
$269M
$43M
24.9%
22.9%
-$170M
$1.7B
$8M
Sep '22
$294M
$45M
24.5%
20.1%
$123M
$1.4B
$15M
Jun '22
$267M
$32M
21.4%
15.8%
$60M
$1.5B
$14M
Mar '22
$207M
$40M
25.6%
22.7%
$37M
—
$3M
Dec '21
$190M
$42M
0.0%
26.0%
$42M
$899M
$4M
Sep '21
$190M
$44M
0.0%
26.7%
$71M
—
$5M
Jun '21
$168M
$43M
0.0%
28.7%
$83M
—
$2M
Valuation over time
How the market has priced DKL against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 16.0× (Mar '23) to 15.2× (Jun '26).
The price-to-sales ratio has risen from 2.4× (Mar '23) to 2.6× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is DKL growing its revenue and profit?
Over the past 5 years, Delek Logistics Partners, LP's revenue has grown 12.5% per year, and net income grown 2.1% per year. These are computed facts, not advice.
How much debt does DKL have?
As of FY2025, Delek Logistics Partners, LP reported $2.3B of total debt against $11M of cash; operating income covered interest expense 1.0×.
What is DKL's profit margin?
In FY2025, gross margin was 21.2%, operating margin 17.9%, and net margin 17.4%.
What is DKL's P/E ratio?
As of Jun '26, Delek Logistics Partners, LP traded at a price-to-earnings ratio of about 15.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.