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Side-by-side financial comparison of Delek US Holdings, Inc. (DK) and SEALED AIR CORP (SEE). 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 $1.4B, roughly 1.9× SEALED AIR CORP). SEALED AIR CORP runs the higher net margin — 3.1% vs -7.7%, a 10.8% gap on every dollar of revenue. On growth, SEALED AIR CORP posted the faster year-over-year revenue change (2.6% vs -4.9%). Over the past eight quarters, SEALED AIR CORP's revenue compounded faster (2.7% CAGR vs -10.8%).
Delek US Holdings, Inc. is an oil refining, logistics and biofuels company founded in 2001 and headquartered in Brentwood, Tennessee.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
DK vs SEE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.6B | $1.4B |
| Net Profit | $-201.3M | $43.8M |
| Gross Margin | -5.8% | 28.6% |
| Operating Margin | — | 11.4% |
| Net Margin | -7.7% | 3.1% |
| Revenue YoY | -4.9% | 2.6% |
| Net Profit YoY | — | 700.0% |
| EPS (diluted) | $-3.34 | $0.30 |
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 | $2.6B | — | ||
| Q4 25 | $2.4B | $1.4B | ||
| Q3 25 | $2.9B | $1.3B | ||
| Q2 25 | $2.8B | $1.3B | ||
| Q1 25 | $2.6B | $1.3B | ||
| Q4 24 | $2.4B | $1.4B | ||
| Q3 24 | $3.0B | $1.3B | ||
| Q2 24 | $3.3B | $1.3B |
| Q1 26 | $-201.3M | — | ||
| Q4 25 | $78.3M | $43.8M | ||
| Q3 25 | $178.0M | $255.1M | ||
| Q2 25 | $-106.4M | $93.1M | ||
| Q1 25 | $-172.7M | $113.5M | ||
| Q4 24 | $-413.8M | $-7.3M | ||
| Q3 24 | $-76.8M | $91.7M | ||
| Q2 24 | $-37.2M | $98.3M |
| Q1 26 | -5.8% | — | ||
| Q4 25 | 9.3% | 28.6% | ||
| Q3 25 | 13.8% | 29.8% | ||
| Q2 25 | 1.9% | 30.7% | ||
| Q1 25 | -2.4% | 30.9% | ||
| Q4 24 | -5.7% | 30.0% | ||
| Q3 24 | -0.7% | 30.1% | ||
| Q2 24 | 0.5% | 31.2% |
| Q1 26 | — | — | ||
| Q4 25 | 6.8% | 11.4% | ||
| Q3 25 | 10.2% | 13.8% | ||
| Q2 25 | -1.2% | 15.0% | ||
| Q1 25 | -4.8% | 14.5% | ||
| Q4 24 | -17.0% | 11.7% | ||
| Q3 24 | -4.0% | 13.9% | ||
| Q2 24 | 0.1% | 15.4% |
| Q1 26 | -7.7% | — | ||
| Q4 25 | 3.2% | 3.1% | ||
| Q3 25 | 6.2% | 19.0% | ||
| Q2 25 | -3.8% | 7.0% | ||
| Q1 25 | -6.5% | 9.0% | ||
| Q4 24 | -17.4% | -0.5% | ||
| Q3 24 | -2.5% | 6.9% | ||
| Q2 24 | -1.1% | 7.4% |
| Q1 26 | $-3.34 | — | ||
| Q4 25 | $1.23 | $0.30 | ||
| Q3 25 | $2.93 | $1.73 | ||
| Q2 25 | $-1.76 | $0.63 | ||
| Q1 25 | $-2.78 | $0.77 | ||
| Q4 24 | $-6.48 | $-0.05 | ||
| Q3 24 | $-1.20 | $0.63 | ||
| Q2 24 | $-0.58 | $0.67 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $624.1M | $344.0M |
| Total DebtLower is stronger | $3.2B | $3.3B |
| Stockholders' EquityBook value | $302.0M | $1.2B |
| Total Assets | $7.6B | $7.0B |
| Debt / EquityLower = less leverage | 10.54× | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $624.1M | — | ||
| Q4 25 | $625.8M | $344.0M | ||
| Q3 25 | $630.9M | $282.5M | ||
| Q2 25 | $615.5M | $354.4M | ||
| Q1 25 | $623.8M | $335.2M | ||
| Q4 24 | $735.6M | $371.8M | ||
| Q3 24 | $1.0B | $386.0M | ||
| Q2 24 | $657.9M | $388.6M |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $3.3B | ||
| Q3 25 | $3.2B | $4.0B | ||
| Q2 25 | $3.1B | $4.0B | ||
| Q1 25 | $3.0B | $4.2B | ||
| Q4 24 | $2.8B | $4.2B | ||
| Q3 24 | $2.8B | $4.3B | ||
| Q2 24 | $2.5B | $4.4B |
| Q1 26 | $302.0M | — | ||
| Q4 25 | $547.3M | $1.2B | ||
| Q3 25 | $444.8M | $1.2B | ||
| Q2 25 | $294.9M | $953.1M | ||
| Q1 25 | $429.4M | $797.9M | ||
| Q4 24 | $575.2M | $624.5M | ||
| Q3 24 | $875.4M | $771.2M | ||
| Q2 24 | $982.8M | $650.1M |
| Q1 26 | $7.6B | — | ||
| Q4 25 | $6.8B | $7.0B | ||
| Q3 25 | $7.1B | $7.1B | ||
| Q2 25 | $7.1B | $7.2B | ||
| Q1 25 | $6.9B | $7.0B | ||
| Q4 24 | $6.7B | $7.0B | ||
| Q3 24 | $7.0B | $7.3B | ||
| Q2 24 | $6.9B | $7.3B |
| Q1 26 | 10.54× | — | ||
| Q4 25 | 5.91× | 2.65× | ||
| Q3 25 | 7.14× | 3.34× | ||
| Q2 25 | 10.51× | 4.18× | ||
| Q1 25 | 7.07× | 5.26× | ||
| Q4 24 | 4.81× | 6.72× | ||
| Q3 24 | 3.19× | 5.62× | ||
| Q2 24 | 2.50× | 6.81× |
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 | — | $293.6M |
| Free Cash FlowOCF − Capex | — | $257.7M |
| FCF MarginFCF / Revenue | — | 18.5% |
| Capex IntensityCapex / Revenue | — | 2.6% |
| Cash ConversionOCF / Net Profit | — | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | — | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $502.8M | $293.6M | ||
| Q3 25 | $44.0M | $165.9M | ||
| Q2 25 | $51.4M | $136.6M | ||
| Q1 25 | $-62.4M | $31.9M | ||
| Q4 24 | $-163.5M | $244.2M | ||
| Q3 24 | $-21.6M | $170.5M | ||
| Q2 24 | $-48.4M | $188.2M |
| Q1 26 | — | — | ||
| Q4 25 | $382.8M | $257.7M | ||
| Q3 25 | $-64.0M | $119.6M | ||
| Q2 25 | $-114.4M | $93.2M | ||
| Q1 25 | $-198.1M | $-12.0M | ||
| Q4 24 | $-354.0M | $185.1M | ||
| Q3 24 | $-140.6M | $115.2M | ||
| Q2 24 | $-128.3M | $129.5M |
| Q1 26 | — | — | ||
| Q4 25 | 15.8% | 18.5% | ||
| Q3 25 | -2.2% | 8.9% | ||
| Q2 25 | -4.1% | 7.0% | ||
| Q1 25 | -7.5% | -0.9% | ||
| Q4 24 | -14.9% | 13.6% | ||
| Q3 24 | -4.6% | 8.6% | ||
| Q2 24 | -3.9% | 9.7% |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 2.6% | ||
| Q3 25 | 3.7% | 3.4% | ||
| Q2 25 | 6.0% | 3.3% | ||
| Q1 25 | 5.1% | 3.5% | ||
| Q4 24 | 8.0% | 4.4% | ||
| Q3 24 | 3.9% | 4.1% | ||
| Q2 24 | 2.4% | 4.4% |
| Q1 26 | — | — | ||
| Q4 25 | 6.42× | 6.70× | ||
| Q3 25 | 0.25× | 0.65× | ||
| Q2 25 | — | 1.47× | ||
| Q1 25 | — | 0.28× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.86× | ||
| Q2 24 | — | 1.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DK
Segment breakdown not available.
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
