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Side-by-side financial comparison of Delek US Holdings, Inc. (DK) and HERTZ GLOBAL HOLDINGS, INC (HTZ). Click either name above to swap in a different company.
Delek US Holdings, Inc. is the larger business by last-quarter revenue ($2.4B vs $2.0B, roughly 1.2× HERTZ GLOBAL HOLDINGS, INC). Delek US Holdings, Inc. runs the higher net margin — 3.2% vs -9.6%, a 12.8% gap on every dollar of revenue. On growth, Delek US Holdings, Inc. posted the faster year-over-year revenue change (2.3% vs -0.6%). Over the past eight quarters, HERTZ GLOBAL HOLDINGS, INC's revenue compounded faster (-1.3% CAGR vs -11.9%).
Delek US Holdings, Inc. is an oil refining, logistics and biofuels company founded in 2001 and headquartered in Brentwood, Tennessee.
Hertz Global Holdings, Inc., known as Hertz, is an American car rental company based in Estero, Florida. The company operates its namesake Hertz brand, along with the brands Dollar Rent A Car, Firefly Car Rental, and Thrifty Car Rental.
DK vs HTZ — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.4B | $2.0B |
| Net Profit | $78.3M | $-194.0M |
| Gross Margin | 9.3% | — |
| Operating Margin | 6.8% | -11.0% |
| Net Margin | 3.2% | -9.6% |
| Revenue YoY | 2.3% | -0.6% |
| Net Profit YoY | 118.9% | 59.5% |
| EPS (diluted) | $1.23 | $-0.46 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $2.4B | $2.0B | ||
| Q3 25 | $2.9B | $2.5B | ||
| Q2 25 | $2.8B | $2.2B | ||
| Q1 25 | $2.6B | $1.8B | ||
| Q4 24 | $2.4B | $2.0B | ||
| Q3 24 | $3.0B | $2.6B | ||
| Q2 24 | $3.3B | $2.4B | ||
| Q1 24 | $3.1B | $2.1B |
| Q4 25 | $78.3M | $-194.0M | ||
| Q3 25 | $178.0M | $184.0M | ||
| Q2 25 | $-106.4M | $-294.0M | ||
| Q1 25 | $-172.7M | $-443.0M | ||
| Q4 24 | $-413.8M | $-479.0M | ||
| Q3 24 | $-76.8M | $-1.3B | ||
| Q2 24 | $-37.2M | $-865.0M | ||
| Q1 24 | $-32.6M | $-186.0M |
| Q4 25 | 9.3% | — | ||
| Q3 25 | 13.8% | — | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | -2.4% | — | ||
| Q4 24 | -5.7% | — | ||
| Q3 24 | -0.7% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 3.0% | — |
| Q4 25 | 6.8% | -11.0% | ||
| Q3 25 | 10.2% | 9.4% | ||
| Q2 25 | -1.2% | -14.5% | ||
| Q1 25 | -4.8% | -29.0% | ||
| Q4 24 | -17.0% | -27.6% | ||
| Q3 24 | -4.0% | -62.9% | ||
| Q2 24 | 0.1% | -20.1% | ||
| Q1 24 | 0.9% | -27.9% |
| Q4 25 | 3.2% | -9.6% | ||
| Q3 25 | 6.2% | 7.4% | ||
| Q2 25 | -3.8% | -13.5% | ||
| Q1 25 | -6.5% | -24.4% | ||
| Q4 24 | -17.4% | -23.5% | ||
| Q3 24 | -2.5% | -51.7% | ||
| Q2 24 | -1.1% | -36.8% | ||
| Q1 24 | -1.0% | -8.9% |
| Q4 25 | $1.23 | $-0.46 | ||
| Q3 25 | $2.93 | $0.42 | ||
| Q2 25 | $-1.76 | $-0.95 | ||
| Q1 25 | $-2.78 | $-1.44 | ||
| Q4 24 | $-6.48 | $-1.57 | ||
| Q3 24 | $-1.20 | $-4.34 | ||
| Q2 24 | $-0.58 | $-2.82 | ||
| Q1 24 | $-0.51 | $-0.61 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $625.8M | $565.0M |
| Total DebtLower is stronger | $3.2B | — |
| Stockholders' EquityBook value | $547.3M | $-459.0M |
| Total Assets | $6.8B | $22.3B |
| Debt / EquityLower = less leverage | 5.91× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $625.8M | $565.0M | ||
| Q3 25 | $630.9M | $1.1B | ||
| Q2 25 | $615.5M | $503.0M | ||
| Q1 25 | $623.8M | $626.0M | ||
| Q4 24 | $735.6M | $592.0M | ||
| Q3 24 | $1.0B | $501.0M | ||
| Q2 24 | $657.9M | $568.0M | ||
| Q1 24 | $753.4M | $465.0M |
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.5B | — |
| Q4 25 | $547.3M | $-459.0M | ||
| Q3 25 | $444.8M | $-317.0M | ||
| Q2 25 | $294.9M | $-504.0M | ||
| Q1 25 | $429.4M | $-262.0M | ||
| Q4 24 | $575.2M | $153.0M | ||
| Q3 24 | $875.4M | $681.0M | ||
| Q2 24 | $982.8M | $2.0B | ||
| Q1 24 | $1.0B | $2.8B |
| Q4 25 | $6.8B | $22.3B | ||
| Q3 25 | $7.1B | $23.0B | ||
| Q2 25 | $7.1B | $23.1B | ||
| Q1 25 | $6.9B | $22.0B | ||
| Q4 24 | $6.7B | $21.8B | ||
| Q3 24 | $7.0B | $23.0B | ||
| Q2 24 | $6.9B | $25.2B | ||
| Q1 24 | $7.2B | $24.3B |
| Q4 25 | 5.91× | — | ||
| Q3 25 | 7.14× | — | ||
| Q2 25 | 10.51× | — | ||
| Q1 25 | 7.07× | — | ||
| Q4 24 | 4.81× | — | ||
| Q3 24 | 3.19× | — | ||
| Q2 24 | 2.50× | — | ||
| Q1 24 | 2.41× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $502.8M | $193.0M |
| Free Cash FlowOCF − Capex | $382.8M | — |
| FCF MarginFCF / Revenue | 15.8% | — |
| Capex IntensityCapex / Revenue | 4.9% | — |
| Cash ConversionOCF / Net Profit | 6.42× | — |
| TTM Free Cash FlowTrailing 4 quarters | $6.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $502.8M | $193.0M | ||
| Q3 25 | $44.0M | $835.0M | ||
| Q2 25 | $51.4M | $346.0M | ||
| Q1 25 | $-62.4M | $251.0M | ||
| Q4 24 | $-163.5M | $414.0M | ||
| Q3 24 | $-21.6M | $894.0M | ||
| Q2 24 | $-48.4M | $546.0M | ||
| Q1 24 | $166.7M | $370.0M |
| Q4 25 | $382.8M | — | ||
| Q3 25 | $-64.0M | — | ||
| Q2 25 | $-114.4M | — | ||
| Q1 25 | $-198.1M | — | ||
| Q4 24 | $-354.0M | — | ||
| Q3 24 | $-140.6M | — | ||
| Q2 24 | $-128.3M | — | ||
| Q1 24 | $128.4M | — |
| Q4 25 | 15.8% | — | ||
| Q3 25 | -2.2% | — | ||
| Q2 25 | -4.1% | — | ||
| Q1 25 | -7.5% | — | ||
| Q4 24 | -14.9% | — | ||
| Q3 24 | -4.6% | — | ||
| Q2 24 | -3.9% | — | ||
| Q1 24 | 4.1% | — |
| Q4 25 | 4.9% | — | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | 6.0% | — | ||
| Q1 25 | 5.1% | — | ||
| Q4 24 | 8.0% | — | ||
| Q3 24 | 3.9% | — | ||
| Q2 24 | 2.4% | — | ||
| Q1 24 | 1.2% | — |
| Q4 25 | 6.42× | — | ||
| Q3 25 | 0.25× | 4.54× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DK
| Refining | $2.2B | 91% |
| Other | $173.0M | 7% |
| Gravity Water Intermediate Holdings LLC Gravity | $22.5M | 1% |
| Related Party | $20.8M | 1% |
| Logistics | $1.3M | 0% |
HTZ
Segment breakdown not available.
