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Side-by-side financial comparison of Delek US Holdings, Inc. (DK) and RXO, Inc. (RXO). 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 $1.5B, roughly 1.7× RXO, Inc.). Delek US Holdings, Inc. runs the higher net margin — 3.2% vs -3.1%, a 6.4% gap on every dollar of revenue. On growth, Delek US Holdings, Inc. posted the faster year-over-year revenue change (2.3% vs -11.9%). Delek US Holdings, Inc. produced more free cash flow last quarter ($382.8M vs $-9.0M). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% CAGR vs -11.9%).
Delek US Holdings, Inc. is an oil refining, logistics and biofuels company founded in 2001 and headquartered in Brentwood, Tennessee.
RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.
DK vs RXO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.4B | $1.5B |
| Net Profit | $78.3M | $-46.0M |
| Gross Margin | 9.3% | — |
| Operating Margin | 6.8% | -2.9% |
| Net Margin | 3.2% | -3.1% |
| Revenue YoY | 2.3% | -11.9% |
| Net Profit YoY | 118.9% | -84.0% |
| EPS (diluted) | $1.23 | $-0.28 |
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 | $1.5B | ||
| Q3 25 | $2.9B | $1.4B | ||
| Q2 25 | $2.8B | $1.4B | ||
| Q1 25 | $2.6B | $1.4B | ||
| Q4 24 | $2.4B | $1.7B | ||
| Q3 24 | $3.0B | $1.0B | ||
| Q2 24 | $3.3B | $930.0M | ||
| Q1 24 | $3.1B | $913.0M |
| Q4 25 | $78.3M | $-46.0M | ||
| Q3 25 | $178.0M | $-14.0M | ||
| Q2 25 | $-106.4M | $-9.0M | ||
| Q1 25 | $-172.7M | $-31.0M | ||
| Q4 24 | $-413.8M | $-25.0M | ||
| Q3 24 | $-76.8M | $-243.0M | ||
| Q2 24 | $-37.2M | $-7.0M | ||
| Q1 24 | $-32.6M | $-15.0M |
| 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% | -2.9% | ||
| Q3 25 | 10.2% | -0.5% | ||
| Q2 25 | -1.2% | — | ||
| Q1 25 | -4.8% | -2.1% | ||
| Q4 24 | -17.0% | -1.4% | ||
| Q3 24 | -4.0% | -1.9% | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.9% | -1.3% |
| Q4 25 | 3.2% | -3.1% | ||
| Q3 25 | 6.2% | -1.0% | ||
| Q2 25 | -3.8% | -0.6% | ||
| Q1 25 | -6.5% | -2.2% | ||
| Q4 24 | -17.4% | -1.5% | ||
| Q3 24 | -2.5% | -23.4% | ||
| Q2 24 | -1.1% | -0.8% | ||
| Q1 24 | -1.0% | -1.6% |
| Q4 25 | $1.23 | $-0.28 | ||
| Q3 25 | $2.93 | $-0.08 | ||
| Q2 25 | $-1.76 | $-0.05 | ||
| Q1 25 | $-2.78 | $-0.18 | ||
| Q4 24 | $-6.48 | $-0.17 | ||
| Q3 24 | $-1.20 | $-1.81 | ||
| Q2 24 | $-0.58 | $-0.06 | ||
| Q1 24 | $-0.51 | $-0.13 |
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 | $17.0M |
| Total DebtLower is stronger | $3.2B | $387.0M |
| Stockholders' EquityBook value | $547.3M | $1.5B |
| Total Assets | $6.8B | $3.3B |
| Debt / EquityLower = less leverage | 5.91× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $625.8M | $17.0M | ||
| Q3 25 | $630.9M | $25.0M | ||
| Q2 25 | $615.5M | $18.0M | ||
| Q1 25 | $623.8M | $16.0M | ||
| Q4 24 | $735.6M | $35.0M | ||
| Q3 24 | $1.0B | $55.0M | ||
| Q2 24 | $657.9M | $7.0M | ||
| Q1 24 | $753.4M | $7.0M |
| Q4 25 | $3.2B | $387.0M | ||
| Q3 25 | $3.2B | $387.0M | ||
| Q2 25 | $3.1B | $387.0M | ||
| Q1 25 | $3.0B | $387.0M | ||
| Q4 24 | $2.8B | $351.0M | ||
| Q3 24 | $2.8B | $352.0M | ||
| Q2 24 | $2.5B | $370.0M | ||
| Q1 24 | $2.5B | $351.0M |
| Q4 25 | $547.3M | $1.5B | ||
| Q3 25 | $444.8M | $1.6B | ||
| Q2 25 | $294.9M | $1.6B | ||
| Q1 25 | $429.4M | $1.6B | ||
| Q4 24 | $575.2M | $1.6B | ||
| Q3 24 | $875.4M | $1.7B | ||
| Q2 24 | $982.8M | $579.0M | ||
| Q1 24 | $1.0B | $582.0M |
| Q4 25 | $6.8B | $3.3B | ||
| Q3 25 | $7.1B | $3.2B | ||
| Q2 25 | $7.1B | $3.2B | ||
| Q1 25 | $6.9B | $3.3B | ||
| Q4 24 | $6.7B | $3.4B | ||
| Q3 24 | $7.0B | $3.4B | ||
| Q2 24 | $6.9B | $1.8B | ||
| Q1 24 | $7.2B | $1.8B |
| Q4 25 | 5.91× | 0.25× | ||
| Q3 25 | 7.14× | 0.24× | ||
| Q2 25 | 10.51× | 0.24× | ||
| Q1 25 | 7.07× | 0.24× | ||
| Q4 24 | 4.81× | 0.22× | ||
| Q3 24 | 3.19× | 0.21× | ||
| Q2 24 | 2.50× | 0.64× | ||
| Q1 24 | 2.41× | 0.60× |
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 | $7.0M |
| Free Cash FlowOCF − Capex | $382.8M | $-9.0M |
| FCF MarginFCF / Revenue | 15.8% | -0.6% |
| Capex IntensityCapex / Revenue | 4.9% | 1.1% |
| Cash ConversionOCF / Net Profit | 6.42× | — |
| TTM Free Cash FlowTrailing 4 quarters | $6.3M | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $502.8M | $7.0M | ||
| Q3 25 | $44.0M | $23.0M | ||
| Q2 25 | $51.4M | $23.0M | ||
| Q1 25 | $-62.4M | $-2.0M | ||
| Q4 24 | $-163.5M | $-7.0M | ||
| Q3 24 | $-21.6M | $-7.0M | ||
| Q2 24 | $-48.4M | $-5.0M | ||
| Q1 24 | $166.7M | $7.0M |
| Q4 25 | $382.8M | $-9.0M | ||
| Q3 25 | $-64.0M | $9.0M | ||
| Q2 25 | $-114.4M | $9.0M | ||
| Q1 25 | $-198.1M | $-17.0M | ||
| Q4 24 | $-354.0M | $-19.0M | ||
| Q3 24 | $-140.6M | $-18.0M | ||
| Q2 24 | $-128.3M | $-16.0M | ||
| Q1 24 | $128.4M | $-4.0M |
| Q4 25 | 15.8% | -0.6% | ||
| Q3 25 | -2.2% | 0.6% | ||
| Q2 25 | -4.1% | 0.6% | ||
| Q1 25 | -7.5% | -1.2% | ||
| Q4 24 | -14.9% | -1.1% | ||
| Q3 24 | -4.6% | -1.7% | ||
| Q2 24 | -3.9% | -1.7% | ||
| Q1 24 | 4.1% | -0.4% |
| Q4 25 | 4.9% | 1.1% | ||
| Q3 25 | 3.7% | 1.0% | ||
| Q2 25 | 6.0% | 1.0% | ||
| Q1 25 | 5.1% | 1.0% | ||
| Q4 24 | 8.0% | 0.7% | ||
| Q3 24 | 3.9% | 1.1% | ||
| Q2 24 | 2.4% | 1.2% | ||
| Q1 24 | 1.2% | 1.2% |
| Q4 25 | 6.42× | — | ||
| Q3 25 | 0.25× | — | ||
| 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% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
