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Side-by-side financial comparison of Delek US Holdings, Inc. (DK) and PulteGroup (PHM). Click either name above to swap in a different company.
PulteGroup is the larger business by last-quarter revenue ($3.4B vs $2.4B, roughly 1.4× Delek US Holdings, Inc.). PulteGroup runs the higher net margin — 10.2% vs 3.2%, a 7.0% gap on every dollar of revenue. On growth, Delek US Holdings, Inc. posted the faster year-over-year revenue change (2.3% vs -12.4%). Over the past eight quarters, Delek US Holdings, Inc.'s revenue compounded faster (-11.9% CAGR vs -13.9%).
Delek US Holdings, Inc. is an oil refining, logistics and biofuels company founded in 2001 and headquartered in Brentwood, Tennessee.
PulteGroup, Inc. is an American residential home-construction company based in Atlanta, Georgia, United States. As of 2023, the company is the third-largest home-construction company in the United States based on the number of homes closed. In total, the company has built over 775,000 homes.
DK vs PHM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.4B | $3.4B |
| Net Profit | $78.3M | $347.0M |
| Gross Margin | 9.3% | — |
| Operating Margin | 6.8% | — |
| Net Margin | 3.2% | 10.2% |
| Revenue YoY | 2.3% | -12.4% |
| Net Profit YoY | 118.9% | -33.6% |
| 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.
| Q1 26 | — | $3.4B | ||
| Q4 25 | $2.4B | $4.6B | ||
| Q3 25 | $2.9B | $4.4B | ||
| Q2 25 | $2.8B | $4.4B | ||
| Q1 25 | $2.6B | $3.9B | ||
| Q4 24 | $2.4B | $4.9B | ||
| Q3 24 | $3.0B | $4.5B | ||
| Q2 24 | $3.3B | $4.6B |
| Q1 26 | — | $347.0M | ||
| Q4 25 | $78.3M | $501.6M | ||
| Q3 25 | $178.0M | $585.8M | ||
| Q2 25 | $-106.4M | $608.5M | ||
| Q1 25 | $-172.7M | $522.8M | ||
| Q4 24 | $-413.8M | $913.2M | ||
| Q3 24 | $-76.8M | $697.9M | ||
| Q2 24 | $-37.2M | $809.1M |
| Q1 26 | — | — | ||
| Q4 25 | 9.3% | — | ||
| Q3 25 | 13.8% | 27.8% | ||
| Q2 25 | 1.9% | 28.6% | ||
| Q1 25 | -2.4% | 28.8% | ||
| Q4 24 | -5.7% | — | ||
| Q3 24 | -0.7% | 30.4% | ||
| Q2 24 | 0.5% | 31.4% |
| Q1 26 | — | — | ||
| Q4 25 | 6.8% | — | ||
| Q3 25 | 10.2% | — | ||
| Q2 25 | -1.2% | — | ||
| Q1 25 | -4.8% | — | ||
| Q4 24 | -17.0% | — | ||
| Q3 24 | -4.0% | — | ||
| Q2 24 | 0.1% | — |
| Q1 26 | — | 10.2% | ||
| Q4 25 | 3.2% | 10.9% | ||
| Q3 25 | 6.2% | 13.3% | ||
| Q2 25 | -3.8% | 13.8% | ||
| Q1 25 | -6.5% | 13.4% | ||
| Q4 24 | -17.4% | 18.6% | ||
| Q3 24 | -2.5% | 15.6% | ||
| Q2 24 | -1.1% | 17.6% |
| Q1 26 | — | — | ||
| Q4 25 | $1.23 | $2.56 | ||
| Q3 25 | $2.93 | $2.96 | ||
| Q2 25 | $-1.76 | $3.03 | ||
| Q1 25 | $-2.78 | $2.57 | ||
| Q4 24 | $-6.48 | $4.41 | ||
| Q3 24 | $-1.20 | $3.35 | ||
| Q2 24 | $-0.58 | $3.83 |
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 | $1.8B |
| Total DebtLower is stronger | $3.2B | — |
| Stockholders' EquityBook value | $547.3M | $13.0B |
| Total Assets | $6.8B | $5.2B |
| Debt / EquityLower = less leverage | 5.91× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.8B | ||
| Q4 25 | $625.8M | $2.0B | ||
| Q3 25 | $630.9M | $1.5B | ||
| Q2 25 | $615.5M | $1.2B | ||
| Q1 25 | $623.8M | $1.2B | ||
| Q4 24 | $735.6M | $1.6B | ||
| Q3 24 | $1.0B | $1.4B | ||
| Q2 24 | $657.9M | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | $3.2B | $43.9M | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $2.8B | $31.1M | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $2.5B | — |
| Q1 26 | — | $13.0B | ||
| Q4 25 | $547.3M | $13.0B | ||
| Q3 25 | $444.8M | $12.8B | ||
| Q2 25 | $294.9M | $12.6B | ||
| Q1 25 | $429.4M | $12.3B | ||
| Q4 24 | $575.2M | $12.1B | ||
| Q3 24 | $875.4M | $11.6B | ||
| Q2 24 | $982.8M | $11.2B |
| Q1 26 | — | $5.2B | ||
| Q4 25 | $6.8B | $18.0B | ||
| Q3 25 | $7.1B | $17.9B | ||
| Q2 25 | $7.1B | $17.6B | ||
| Q1 25 | $6.9B | $17.3B | ||
| Q4 24 | $6.7B | $17.4B | ||
| Q3 24 | $7.0B | $17.0B | ||
| Q2 24 | $6.9B | $16.5B |
| Q1 26 | — | — | ||
| Q4 25 | 5.91× | 0.00× | ||
| Q3 25 | 7.14× | — | ||
| Q2 25 | 10.51× | — | ||
| Q1 25 | 7.07× | — | ||
| Q4 24 | 4.81× | 0.00× | ||
| Q3 24 | 3.19× | — | ||
| Q2 24 | 2.50× | — |
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 | $159.8M |
| Free Cash FlowOCF − Capex | $382.8M | — |
| FCF MarginFCF / Revenue | 15.8% | — |
| Capex IntensityCapex / Revenue | 4.9% | 0.7% |
| Cash ConversionOCF / Net Profit | 6.42× | 0.46× |
| TTM Free Cash FlowTrailing 4 quarters | $6.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $159.8M | ||
| Q4 25 | $502.8M | $771.1M | ||
| Q3 25 | $44.0M | $678.4M | ||
| Q2 25 | $51.4M | $287.5M | ||
| Q1 25 | $-62.4M | $134.2M | ||
| Q4 24 | $-163.5M | $567.6M | ||
| Q3 24 | $-21.6M | $455.9M | ||
| Q2 24 | $-48.4M | $417.5M |
| Q1 26 | — | — | ||
| Q4 25 | $382.8M | $739.8M | ||
| Q3 25 | $-64.0M | $651.1M | ||
| Q2 25 | $-114.4M | $253.0M | ||
| Q1 25 | $-198.1M | $104.6M | ||
| Q4 24 | $-354.0M | $543.1M | ||
| Q3 24 | $-140.6M | $417.2M | ||
| Q2 24 | $-128.3M | $386.2M |
| Q1 26 | — | — | ||
| Q4 25 | 15.8% | 16.0% | ||
| Q3 25 | -2.2% | 14.8% | ||
| Q2 25 | -4.1% | 5.7% | ||
| Q1 25 | -7.5% | 2.7% | ||
| Q4 24 | -14.9% | 11.0% | ||
| Q3 24 | -4.6% | 9.3% | ||
| Q2 24 | -3.9% | 8.4% |
| Q1 26 | — | 0.7% | ||
| Q4 25 | 4.9% | 0.7% | ||
| Q3 25 | 3.7% | 0.6% | ||
| Q2 25 | 6.0% | 0.8% | ||
| Q1 25 | 5.1% | 0.8% | ||
| Q4 24 | 8.0% | 0.5% | ||
| Q3 24 | 3.9% | 0.9% | ||
| Q2 24 | 2.4% | 0.7% |
| Q1 26 | — | 0.46× | ||
| Q4 25 | 6.42× | 1.54× | ||
| Q3 25 | 0.25× | 1.16× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.62× | ||
| Q3 24 | — | 0.65× | ||
| Q2 24 | — | 0.52× |
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% |
PHM
| Home sale revenues | $3.3B | 97% |
| Financial Services | $71.7M | 2% |
| Land sale and other revenues | $29.3M | 1% |
