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Side-by-side financial comparison of Delek US Holdings, Inc. (DK) and SHOPIFY INC. (SHOP). Click either name above to swap in a different company.
SHOPIFY INC. is the larger business by last-quarter revenue ($3.7B vs $2.6B, roughly 1.4× Delek US Holdings, Inc.). SHOPIFY INC. runs the higher net margin — 20.2% vs -7.7%, a 27.9% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (30.6% vs -4.9%). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% CAGR vs -10.8%).
Delek US Holdings, Inc. is an oil refining, logistics and biofuels company founded in 2001 and headquartered in Brentwood, Tennessee.
Shopify Inc., stylized as shopify, is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario that operates a platform for retail point-of-sale systems. The company has over 5 million customers and processed US$292.3 billion in transactions in 2024, of which 57% was in the United States. Major customers include Tesla, LVMH, Nestlé, PepsiCo, AB InBev, Kraft Heinz, Lindt, Whole Foods Market, Red Bull, and Hyatt.
DK vs SHOP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.6B | $3.7B |
| Net Profit | $-201.3M | $743.0M |
| Gross Margin | -5.8% | 46.1% |
| Operating Margin | — | 17.2% |
| Net Margin | -7.7% | 20.2% |
| Revenue YoY | -4.9% | 30.6% |
| Net Profit YoY | — | -42.5% |
| EPS (diluted) | $-3.34 | $0.58 |
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 | $3.7B | ||
| Q3 25 | $2.9B | $2.8B | ||
| Q2 25 | $2.8B | $2.7B | ||
| Q1 25 | $2.6B | $2.4B | ||
| Q4 24 | $2.4B | $2.8B | ||
| Q3 24 | $3.0B | $2.2B | ||
| Q2 24 | $3.3B | $2.0B |
| Q1 26 | $-201.3M | — | ||
| Q4 25 | $78.3M | $743.0M | ||
| Q3 25 | $178.0M | $264.0M | ||
| Q2 25 | $-106.4M | $906.0M | ||
| Q1 25 | $-172.7M | $-682.0M | ||
| Q4 24 | $-413.8M | $1.3B | ||
| Q3 24 | $-76.8M | $828.0M | ||
| Q2 24 | $-37.2M | $171.0M |
| Q1 26 | -5.8% | — | ||
| Q4 25 | 9.3% | 46.1% | ||
| Q3 25 | 13.8% | 48.9% | ||
| Q2 25 | 1.9% | 48.6% | ||
| Q1 25 | -2.4% | 49.5% | ||
| Q4 24 | -5.7% | 48.1% | ||
| Q3 24 | -0.7% | 51.7% | ||
| Q2 24 | 0.5% | 51.1% |
| Q1 26 | — | — | ||
| Q4 25 | 6.8% | 17.2% | ||
| Q3 25 | 10.2% | 12.1% | ||
| Q2 25 | -1.2% | 10.9% | ||
| Q1 25 | -4.8% | 8.6% | ||
| Q4 24 | -17.0% | 16.5% | ||
| Q3 24 | -4.0% | 13.1% | ||
| Q2 24 | 0.1% | 11.8% |
| Q1 26 | -7.7% | — | ||
| Q4 25 | 3.2% | 20.2% | ||
| Q3 25 | 6.2% | 9.3% | ||
| Q2 25 | -3.8% | 33.8% | ||
| Q1 25 | -6.5% | -28.9% | ||
| Q4 24 | -17.4% | 46.0% | ||
| Q3 24 | -2.5% | 38.3% | ||
| Q2 24 | -1.1% | 8.4% |
| Q1 26 | $-3.34 | — | ||
| Q4 25 | $1.23 | $0.58 | ||
| Q3 25 | $2.93 | $0.20 | ||
| Q2 25 | $-1.76 | $0.69 | ||
| Q1 25 | $-2.78 | $-0.53 | ||
| Q4 24 | $-6.48 | $0.99 | ||
| Q3 24 | $-1.20 | $0.64 | ||
| Q2 24 | $-0.58 | $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 | $624.1M | $5.8B |
| Total DebtLower is stronger | $3.2B | — |
| Stockholders' EquityBook value | $302.0M | $13.5B |
| Total Assets | $7.6B | $15.2B |
| Debt / EquityLower = less leverage | 10.54× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $624.1M | — | ||
| Q4 25 | $625.8M | $5.8B | ||
| Q3 25 | $630.9M | $6.3B | ||
| Q2 25 | $615.5M | $5.8B | ||
| Q1 25 | $623.8M | $5.5B | ||
| Q4 24 | $735.6M | $5.5B | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $657.9M | — |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $2.5B | — |
| Q1 26 | $302.0M | — | ||
| Q4 25 | $547.3M | $13.5B | ||
| Q3 25 | $444.8M | $12.5B | ||
| Q2 25 | $294.9M | $12.1B | ||
| Q1 25 | $429.4M | $11.1B | ||
| Q4 24 | $575.2M | $11.6B | ||
| Q3 24 | $875.4M | $10.1B | ||
| Q2 24 | $982.8M | $9.2B |
| Q1 26 | $7.6B | — | ||
| Q4 25 | $6.8B | $15.2B | ||
| Q3 25 | $7.1B | $15.0B | ||
| Q2 25 | $7.1B | $14.6B | ||
| Q1 25 | $6.9B | $13.4B | ||
| Q4 24 | $6.7B | $13.9B | ||
| Q3 24 | $7.0B | — | ||
| Q2 24 | $6.9B | — |
| Q1 26 | 10.54× | — | ||
| Q4 25 | 5.91× | — | ||
| Q3 25 | 7.14× | — | ||
| Q2 25 | 10.51× | — | ||
| Q1 25 | 7.07× | — | ||
| Q4 24 | 4.81× | — | ||
| 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 | — | $725.0M |
| Free Cash FlowOCF − Capex | — | $715.0M |
| FCF MarginFCF / Revenue | — | 19.5% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | — | 0.98× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $502.8M | $725.0M | ||
| Q3 25 | $44.0M | $513.0M | ||
| Q2 25 | $51.4M | $428.0M | ||
| Q1 25 | $-62.4M | $367.0M | ||
| Q4 24 | $-163.5M | $615.0M | ||
| Q3 24 | $-21.6M | $423.0M | ||
| Q2 24 | $-48.4M | $340.0M |
| Q1 26 | — | — | ||
| Q4 25 | $382.8M | $715.0M | ||
| Q3 25 | $-64.0M | $507.0M | ||
| Q2 25 | $-114.4M | $422.0M | ||
| Q1 25 | $-198.1M | $363.0M | ||
| Q4 24 | $-354.0M | $611.0M | ||
| Q3 24 | $-140.6M | $421.0M | ||
| Q2 24 | $-128.3M | $333.0M |
| Q1 26 | — | — | ||
| Q4 25 | 15.8% | 19.5% | ||
| Q3 25 | -2.2% | 17.8% | ||
| Q2 25 | -4.1% | 15.7% | ||
| Q1 25 | -7.5% | 15.4% | ||
| Q4 24 | -14.9% | 21.7% | ||
| Q3 24 | -4.6% | 19.5% | ||
| Q2 24 | -3.9% | 16.3% |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 0.3% | ||
| Q3 25 | 3.7% | 0.2% | ||
| Q2 25 | 6.0% | 0.2% | ||
| Q1 25 | 5.1% | 0.2% | ||
| Q4 24 | 8.0% | 0.1% | ||
| Q3 24 | 3.9% | 0.1% | ||
| Q2 24 | 2.4% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 6.42× | 0.98× | ||
| Q3 25 | 0.25× | 1.94× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.48× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 1.99× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DK
Segment breakdown not available.
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
