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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$1.0B
$176M
21.2%
17.9%
—
6.3%
-$31M
$2.3B
$11M
2024
$941M
$143M
25.9%
21.6%
—
7.0%
$77M
$1.9B
$5M
2023
$1.0B
$126M
27.9%
23.4%
—
7.7%
$129M
$1.7B
$4M
2022
$1.0B
$159M
24.1%
20.2%
—
9.5%
$51M
$1.7B
$8M
2021
$701M
$165M
30.8%
27.2%
—
17.6%
$252M
$899M
$4M
2020
$563M
$159M
36.7%
31.9%
—
16.7%
$180M
—
$4M
2019
$584M
$97M
25.9%
21.5%
—
13.0%
$121M
—
$6M
2018
$658M
$90M
22.6%
19.1%
—
14.4%
$140M
—
$5M
2017
—
$69M
—
—
—
15.6%
$73M
—
$5M
2016
—
$63M
—
—
—
15.1%
$89M
—
$59000
2015
—
$66M
—
—
—
17.6%
$48M
—
$0
2014
—
$70M
—
—
—
21.1%
$76M
—
$2M
2013
—
$33M
—
—
—
11.1%
$11M
—
$924000
2012
—
$14M
—
—
—
4.9%
-$14M
—
$23M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Jun '26
$385M
$29M
17.2%
16.1%
—
1.0%
$12M
$2.4B
$14M
Mar '26
$297M
$32M
15.8%
13.4%
—
1.1%
$122M
$2.3B
$10M
Dec '25
$256M
$47M
17.2%
14.2%
—
1.7%
$13M
$2.3B
$11M
Sep '25
$261M
$46M
20.6%
17.4%
—
1.7%
-$12M
$2.3B
$7M
Jun '25
$246M
$45M
25.8%
21.3%
—
1.6%
-$7M
$2.2B
$1M
Mar '25
$250M
$39M
21.5%
19.0%
—
1.6%
-$24M
$2.1B
$2M
Dec '24
$210M
$35M
23.4%
18.1%
—
1.7%
$4M
$1.9B
$5M
Sep '24
$214M
$34M
22.8%
14.9%
—
1.7%
-$32M
$1.9B
$7M
Jun '24
$265M
$41M
28.1%
25.9%
—
2.5%
$72M
$1.6B
$5M
Mar '24
$252M
$33M
28.4%
25.6%
—
2.0%
$33M
$1.6B
$10M
Dec '23
$254M
$22M
29.3%
20.7%
—
1.3%
$77M
$1.7B
$4M
Sep '23
$276M
$35M
25.1%
22.7%
—
2.0%
$44M
$1.7B
$4M
Jun '23
$247M
$32M
27.5%
24.3%
—
1.9%
$7M
$1.7B
$8M
Mar '23
$244M
$37M
30.2%
26.3%
—
2.2%
$1M
$1.7B
$11M
Dec '22
$269M
$43M
24.9%
22.9%
—
2.5%
-$170M
$1.7B
$8M
Sep '22
$294M
$45M
24.5%
20.1%
—
2.7%
$123M
$1.4B
$15M
Jun '22
$267M
$32M
21.4%
15.8%
—
2.0%
$60M
$1.5B
$14M
Mar '22
$207M
$40M
25.6%
22.7%
—
4.2%
$37M
—
$3M
Dec '21
$190M
$42M
0.0%
26.0%
—
4.5%
$42M
$899M
$4M
Sep '21
$190M
$44M
0.0%
26.7%
—
4.7%
$71M
—
$5M
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 risen from 16.0× (Mar '23) to 16.2× (Nov '26).
The price-to-sales ratio has risen from 2.4× (Mar '23) to 2.8× (Nov '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?
Delek Logistics Partners, LP's P/E (TTM) is 18.56 as of the 2026-11-03 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the DKL stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 16.2× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.