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Side-by-side financial comparison of Delek US Holdings, Inc. (DK) and Nasdaq, Inc. (NDAQ). Click either name above to swap in a different company.

Delek US Holdings, Inc. is the larger business by last-quarter revenue ($2.6B vs $2.1B, roughly 1.2× Nasdaq, Inc.). Nasdaq, Inc. runs the higher net margin — 24.3% vs -7.7%, a 31.9% gap on every dollar of revenue. On growth, Nasdaq, Inc. posted the faster year-over-year revenue change (2.0% vs 0.4%). Over the past eight quarters, Nasdaq, Inc.'s revenue compounded faster (9.2% CAGR vs -10.8%).

Delek US Holdings, Inc. is an oil refining, logistics and biofuels company founded in 2001 and headquartered in Brentwood, Tennessee.

Nasdaq Stock Market is an American stock exchange, the second-largest by market cap on the list of stock exchanges, and the first fully electronic stock market. The exchange is based in Manhattan, New York City, and is among the most active stock trading venue by volume in the United States.

DK vs NDAQ — Head-to-Head

Bigger by revenue
DK
DK
1.2× larger
DK
$2.6B
$2.1B
NDAQ
Growing faster (revenue YoY)
NDAQ
NDAQ
+1.5% gap
NDAQ
2.0%
0.4%
DK
Higher net margin
NDAQ
NDAQ
31.9% more per $
NDAQ
24.3%
-7.7%
DK
Faster 2-yr revenue CAGR
NDAQ
NDAQ
Annualised
NDAQ
9.2%
-10.8%
DK

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
DK
DK
NDAQ
NDAQ
Revenue
$2.6B
$2.1B
Net Profit
$-201.3M
$519.0M
Gross Margin
-5.8%
Operating Margin
30.7%
Net Margin
-7.7%
24.3%
Revenue YoY
0.4%
2.0%
Net Profit YoY
-16.6%
31.4%
EPS (diluted)
$-3.34
$0.91

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.

Revenue
DK
DK
NDAQ
NDAQ
Q1 26
$2.6B
$2.1B
Q4 25
$2.4B
$2.1B
Q3 25
$2.9B
$2.0B
Q2 25
$2.8B
$2.1B
Q1 25
$2.6B
$2.1B
Q4 24
$2.4B
$2.0B
Q3 24
$3.0B
$1.9B
Q2 24
$3.3B
$1.8B
Net Profit
DK
DK
NDAQ
NDAQ
Q1 26
$-201.3M
$519.0M
Q4 25
$78.3M
$518.0M
Q3 25
$178.0M
$423.0M
Q2 25
$-106.4M
$452.0M
Q1 25
$-172.7M
$395.0M
Q4 24
$-413.8M
$355.0M
Q3 24
$-76.8M
$306.0M
Q2 24
$-37.2M
$222.0M
Gross Margin
DK
DK
NDAQ
NDAQ
Q1 26
-5.8%
Q4 25
9.3%
65.5%
Q3 25
13.8%
67.2%
Q2 25
1.9%
62.5%
Q1 25
-2.4%
59.2%
Q4 24
-5.7%
60.4%
Q3 24
-0.7%
60.3%
Q2 24
0.5%
64.7%
Operating Margin
DK
DK
NDAQ
NDAQ
Q1 26
30.7%
Q4 25
6.8%
29.7%
Q3 25
10.2%
29.9%
Q2 25
-1.2%
27.2%
Q1 25
-4.8%
26.2%
Q4 24
-17.0%
25.4%
Q3 24
-4.0%
23.6%
Q2 24
0.1%
23.6%
Net Margin
DK
DK
NDAQ
NDAQ
Q1 26
-7.7%
24.3%
Q4 25
3.2%
24.4%
Q3 25
6.2%
21.6%
Q2 25
-3.8%
21.6%
Q1 25
-6.5%
18.9%
Q4 24
-17.4%
17.5%
Q3 24
-2.5%
16.1%
Q2 24
-1.1%
12.4%
EPS (diluted)
DK
DK
NDAQ
NDAQ
Q1 26
$-3.34
$0.91
Q4 25
$1.23
$0.90
Q3 25
$2.93
$0.73
Q2 25
$-1.76
$0.78
Q1 25
$-2.78
$0.68
Q4 24
$-6.48
$0.62
Q3 24
$-1.20
$0.53
Q2 24
$-0.58
$0.38

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DK
DK
NDAQ
NDAQ
Cash + ST InvestmentsLiquidity on hand
$624.1M
$515.0M
Total DebtLower is stronger
$3.2B
$9.0B
Stockholders' EquityBook value
$302.0M
$12.0B
Total Assets
$7.6B
$27.3B
Debt / EquityLower = less leverage
10.54×
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DK
DK
NDAQ
NDAQ
Q1 26
$624.1M
$515.0M
Q4 25
$625.8M
$604.0M
Q3 25
$630.9M
$470.0M
Q2 25
$615.5M
$732.0M
Q1 25
$623.8M
$690.0M
Q4 24
$735.6M
$592.0M
Q3 24
$1.0B
$266.0M
Q2 24
$657.9M
$416.0M
Total Debt
DK
DK
NDAQ
NDAQ
Q1 26
$3.2B
$9.0B
Q4 25
$3.2B
$8.6B
Q3 25
$3.2B
$8.7B
Q2 25
$3.1B
$8.7B
Q1 25
$3.0B
$8.9B
Q4 24
$2.8B
$9.1B
Q3 24
$2.8B
$9.4B
Q2 24
$2.5B
$9.2B
Stockholders' Equity
DK
DK
NDAQ
NDAQ
Q1 26
$302.0M
$12.0B
Q4 25
$547.3M
$12.2B
Q3 25
$444.8M
$12.0B
Q2 25
$294.9M
$11.8B
Q1 25
$429.4M
$11.5B
Q4 24
$575.2M
$11.2B
Q3 24
$875.4M
$11.1B
Q2 24
$982.8M
$10.9B
Total Assets
DK
DK
NDAQ
NDAQ
Q1 26
$7.6B
$27.3B
Q4 25
$6.8B
$31.1B
Q3 25
$7.1B
$30.7B
Q2 25
$7.1B
$30.4B
Q1 25
$6.9B
$30.6B
Q4 24
$6.7B
$30.4B
Q3 24
$7.0B
$30.6B
Q2 24
$6.9B
$30.2B
Debt / Equity
DK
DK
NDAQ
NDAQ
Q1 26
10.54×
0.74×
Q4 25
5.91×
0.70×
Q3 25
7.14×
0.72×
Q2 25
10.51×
0.73×
Q1 25
7.07×
0.77×
Q4 24
4.81×
0.81×
Q3 24
3.19×
0.85×
Q2 24
2.50×
0.85×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DK
DK

Segment breakdown not available.

NDAQ
NDAQ

Market Services$1.0B49%
Capital Access Platforms$565.0M26%
Financial Technology$517.0M24%
Other Revenues$8.0M0%

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