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Side-by-side financial comparison of Delek US Holdings, Inc. (DK) and IMPERIAL OIL LTD (IMO). Click either name above to swap in a different company.
IMPERIAL OIL LTD is the larger business by last-quarter revenue ($8.2B vs $2.4B, roughly 3.4× Delek US Holdings, Inc.). IMPERIAL OIL LTD runs the higher net margin — 4.4% vs 3.2%, a 1.1% gap on every dollar of revenue. On growth, Delek US Holdings, Inc. posted the faster year-over-year revenue change (2.3% vs -10.5%). IMPERIAL OIL LTD produced more free cash flow last quarter ($938.8M vs $382.8M). Over the past eight quarters, IMPERIAL OIL LTD's revenue compounded faster (-4.2% CAGR vs -11.9%).
Delek US Holdings, Inc. is an oil refining, logistics and biofuels company founded in 2001 and headquartered in Brentwood, Tennessee.
Imperial Oil Limited is a Canadian petroleum company. It is Canada's second-largest integrated oil company that is also occasionally known as Imperial Esso. It is majority-owned by American oil company ExxonMobil, with a 69.6% ownership stake in the company. It is a producer of crude oil, diluted bitumen, and natural gas. Imperial Oil is one of Canada's major petroleum refiners and petrochemical producers. It supplies Esso-brand service stations.
DK vs IMO — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $2.4B | $8.2B |
| Net Profit | $78.3M | $359.2M |
| Gross Margin | 9.3% | — |
| Operating Margin | 6.8% | 5.6% |
| Net Margin | 3.2% | 4.4% |
| Revenue YoY | 2.3% | -10.5% |
| Net Profit YoY | 118.9% | -59.8% |
| EPS (diluted) | $1.23 | — |
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 | $8.2B | ||
| Q3 25 | $2.9B | $8.8B | ||
| Q2 25 | $2.8B | $8.2B | ||
| Q1 25 | $2.6B | $9.1B | ||
| Q4 24 | $2.4B | $9.2B | ||
| Q3 24 | $3.0B | $9.7B | ||
| Q2 24 | $3.3B | $9.8B | ||
| Q1 24 | $3.1B | $9.0B |
| Q4 25 | $78.3M | $359.2M | ||
| Q3 25 | $178.0M | $393.5M | ||
| Q2 25 | $-106.4M | $692.8M | ||
| Q1 25 | $-172.7M | $940.2M | ||
| Q4 24 | $-413.8M | $894.3M | ||
| Q3 24 | $-76.8M | $903.0M | ||
| Q2 24 | $-37.2M | $827.1M | ||
| Q1 24 | $-32.6M | $872.4M |
| 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% | 5.6% | ||
| Q3 25 | 10.2% | 5.8% | ||
| Q2 25 | -1.2% | 11.1% | ||
| Q1 25 | -4.8% | 13.5% | ||
| Q4 24 | -17.0% | 12.5% | ||
| Q3 24 | -4.0% | 12.1% | ||
| Q2 24 | 0.1% | 11.1% | ||
| Q1 24 | 0.9% | 12.8% |
| Q4 25 | 3.2% | 4.4% | ||
| Q3 25 | 6.2% | 4.5% | ||
| Q2 25 | -3.8% | 8.4% | ||
| Q1 25 | -6.5% | 10.3% | ||
| Q4 24 | -17.4% | 9.7% | ||
| Q3 24 | -2.5% | 9.3% | ||
| Q2 24 | -1.1% | 8.5% | ||
| Q1 24 | -1.0% | 9.7% |
| Q4 25 | $1.23 | — | ||
| Q3 25 | $2.93 | — | ||
| Q2 25 | $-1.76 | — | ||
| Q1 25 | $-2.78 | — | ||
| Q4 24 | $-6.48 | — | ||
| Q3 24 | $-1.20 | — | ||
| Q2 24 | $-0.58 | — | ||
| Q1 24 | $-0.51 | — |
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 | $833.7M |
| Total DebtLower is stronger | $3.2B | $2.9B |
| Stockholders' EquityBook value | $547.3M | $16.2B |
| Total Assets | $6.8B | $30.9B |
| Debt / EquityLower = less leverage | 5.91× | 0.18× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $625.8M | $833.7M | ||
| Q3 25 | $630.9M | $1.4B | ||
| Q2 25 | $615.5M | $1.7B | ||
| Q1 25 | $623.8M | $1.3B | ||
| Q4 24 | $735.6M | $714.7M | ||
| Q3 24 | $1.0B | $1.1B | ||
| Q2 24 | $657.9M | $1.5B | ||
| Q1 24 | $753.4M | $858.5M |
| Q4 25 | $3.2B | $2.9B | ||
| Q3 25 | $3.2B | $2.9B | ||
| Q2 25 | $3.1B | $2.9B | ||
| Q1 25 | $3.0B | $2.9B | ||
| Q4 24 | $2.8B | $2.9B | ||
| Q3 24 | $2.8B | $2.9B | ||
| Q2 24 | $2.5B | $2.9B | ||
| Q1 24 | $2.5B | $2.9B |
| Q4 25 | $547.3M | $16.2B | ||
| Q3 25 | $444.8M | $17.3B | ||
| Q2 25 | $294.9M | $18.2B | ||
| Q1 25 | $429.4M | $17.8B | ||
| Q4 24 | $575.2M | $17.1B | ||
| Q3 24 | $875.4M | $17.3B | ||
| Q2 24 | $982.8M | $17.5B | ||
| Q1 24 | $1.0B | $16.9B |
| Q4 25 | $6.8B | $30.9B | ||
| Q3 25 | $7.1B | $31.4B | ||
| Q2 25 | $7.1B | $32.2B | ||
| Q1 25 | $6.9B | $32.0B | ||
| Q4 24 | $6.7B | $31.3B | ||
| Q3 24 | $7.0B | $31.0B | ||
| Q2 24 | $6.9B | $32.2B | ||
| Q1 24 | $7.2B | $31.0B |
| Q4 25 | 5.91× | 0.18× | ||
| Q3 25 | 7.14× | 0.17× | ||
| Q2 25 | 10.51× | 0.16× | ||
| Q1 25 | 7.07× | 0.16× | ||
| Q4 24 | 4.81× | 0.17× | ||
| Q3 24 | 3.19× | 0.17× | ||
| Q2 24 | 2.50× | 0.17× | ||
| Q1 24 | 2.41× | 0.17× |
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 | $1.4B |
| Free Cash FlowOCF − Capex | $382.8M | $938.8M |
| FCF MarginFCF / Revenue | 15.8% | 11.4% |
| Capex IntensityCapex / Revenue | 4.9% | 5.6% |
| Cash ConversionOCF / Net Profit | 6.42× | 3.90× |
| TTM Free Cash FlowTrailing 4 quarters | $6.3M | $3.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $502.8M | $1.4B | ||
| Q3 25 | $44.0M | $1.3B | ||
| Q2 25 | $51.4M | $1.1B | ||
| Q1 25 | $-62.4M | $1.1B | ||
| Q4 24 | $-163.5M | $1.3B | ||
| Q3 24 | $-21.6M | $1.1B | ||
| Q2 24 | $-48.4M | $1.2B | ||
| Q1 24 | $166.7M | $785.5M |
| Q4 25 | $382.8M | $938.8M | ||
| Q3 25 | $-64.0M | $944.6M | ||
| Q2 25 | $-114.4M | $725.6M | ||
| Q1 25 | $-198.1M | $824.2M | ||
| Q4 24 | $-354.0M | $997.2M | ||
| Q3 24 | $-140.6M | $730.7M | ||
| Q2 24 | $-128.3M | $852.6M | ||
| Q1 24 | $128.4M | $422.7M |
| Q4 25 | 15.8% | 11.4% | ||
| Q3 25 | -2.2% | 10.7% | ||
| Q2 25 | -4.1% | 8.8% | ||
| Q1 25 | -7.5% | 9.0% | ||
| Q4 24 | -14.9% | 10.8% | ||
| Q3 24 | -4.6% | 7.5% | ||
| Q2 24 | -3.9% | 8.7% | ||
| Q1 24 | 4.1% | 4.7% |
| Q4 25 | 4.9% | 5.6% | ||
| Q3 25 | 3.7% | 4.2% | ||
| Q2 25 | 6.0% | 4.2% | ||
| Q1 25 | 5.1% | 3.2% | ||
| Q4 24 | 8.0% | 3.4% | ||
| Q3 24 | 3.9% | 3.7% | ||
| Q2 24 | 2.4% | 3.4% | ||
| Q1 24 | 1.2% | 4.0% |
| Q4 25 | 6.42× | 3.90× | ||
| Q3 25 | 0.25× | 3.34× | ||
| Q2 25 | — | 1.54× | ||
| Q1 25 | — | 1.19× | ||
| Q4 24 | — | 1.46× | ||
| Q3 24 | — | 1.20× | ||
| Q2 24 | — | 1.44× | ||
| Q1 24 | — | 0.90× |
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% |
IMO
Segment breakdown not available.
