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Delek US Holdings, Inc.（DK）与PBF Energy Inc.（PBF）财务数据对比。点击上方公司名可切换其他公司
PBF Energy Inc.的季度营收约是Delek US Holdings, Inc.的2.9倍（$7.1B vs $2.4B）。Delek US Holdings, Inc.净利率更高（3.2% vs 1.1%，领先2.1%）。Delek US Holdings, Inc.同比增速更快（2.3% vs -2.9%）。Delek US Holdings, Inc.自由现金流更多（$382.8M vs $77.0M）。过去两年PBF Energy Inc.的营收复合增速更高（-9.1% vs -11.9%）
Delek US Holdings, Inc.成立于2001年，总部位于美国田纳西州布伦特伍德，是一家深耕炼油、物流及生物燃料领域的能源企业，业务覆盖能源产业链上下游相关环节，为市场提供稳定的能源相关产品与配套服务。
PBF能源是一家美国石油炼制与物流企业，主营交通燃料、取暖油、润滑剂、石化原料及其他石油产品的生产与销售，在美国拥有并运营6座炼油厂，分布于路易斯安那州查尔梅特、俄亥俄州托莱多、新泽西州保尔斯伯勒、特拉华州特拉华城、加利福尼亚州托伦斯和马丁内斯。
DK vs PBF — 直观对比
营收规模更大
PBF
是对方的2.9倍
$2.4B
营收增速更快
DK
高出5.2%
-2.9%
净利率更高
DK
高出2.1%
1.1%
自由现金流更多
DK
多$305.8M
$77.0M
两年增速更快
PBF
近两年复合增速
-11.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.4B | $7.1B |
| 净利润 | $78.3M | $78.4M |
| 毛利率 | 9.3% | -1.8% |
| 营业利润率 | 6.8% | 1.8% |
| 净利率 | 3.2% | 1.1% |
| 营收同比 | 2.3% | -2.9% |
| 净利润同比 | 118.9% | 127.1% |
| 每股收益（稀释后） | $1.23 | $0.74 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收DKPBF
| Q4 25 | $2.4B | $7.1B | ||
| Q3 25 | $2.9B | $7.7B | ||
| Q2 25 | $2.8B | $7.5B | ||
| Q1 25 | $2.6B | $7.1B | ||
| Q4 24 | $2.4B | $7.4B | ||
| Q3 24 | $3.0B | $8.4B | ||
| Q2 24 | $3.3B | $8.7B | ||
| Q1 24 | $3.1B | $8.6B |
净利润DKPBF
| Q4 25 | $78.3M | $78.4M | ||
| Q3 25 | $178.0M | $170.1M | ||
| Q2 25 | $-106.4M | $-5.2M | ||
| Q1 25 | $-172.7M | $-401.8M | ||
| Q4 24 | $-413.8M | $-289.3M | ||
| Q3 24 | $-76.8M | $-285.9M | ||
| Q2 24 | $-37.2M | $-65.2M | ||
| Q1 24 | $-32.6M | $106.6M |
毛利率DKPBF
| Q4 25 | 9.3% | -1.8% | ||
| Q3 25 | 13.8% | 0.5% | ||
| Q2 25 | 1.9% | -0.8% | ||
| Q1 25 | -2.4% | -5.9% | ||
| Q4 24 | -5.7% | -4.2% | ||
| Q3 24 | -0.7% | -3.4% | ||
| Q2 24 | 0.5% | 0.1% | ||
| Q1 24 | 3.0% | 2.5% |
营业利润率DKPBF
| Q4 25 | 6.8% | 1.8% | ||
| Q3 25 | 10.2% | 3.7% | ||
| Q2 25 | -1.2% | 0.6% | ||
| Q1 25 | -4.8% | -7.2% | ||
| Q4 24 | -17.0% | -5.2% | ||
| Q3 24 | -4.0% | -4.6% | ||
| Q2 24 | 0.1% | -0.9% | ||
| Q1 24 | 0.9% | 1.7% |
净利率DKPBF
| Q4 25 | 3.2% | 1.1% | ||
| Q3 25 | 6.2% | 2.2% | ||
| Q2 25 | -3.8% | -0.1% | ||
| Q1 25 | -6.5% | -5.7% | ||
| Q4 24 | -17.4% | -3.9% | ||
| Q3 24 | -2.5% | -3.4% | ||
| Q2 24 | -1.1% | -0.7% | ||
| Q1 24 | -1.0% | 1.2% |
每股收益（稀释后）DKPBF
| Q4 25 | $1.23 | $0.74 | ||
| Q3 25 | $2.93 | $1.45 | ||
| Q2 25 | $-1.76 | $-0.05 | ||
| Q1 25 | $-2.78 | $-3.53 | ||
| Q4 24 | $-6.48 | $-2.41 | ||
| Q3 24 | $-1.20 | $-2.49 | ||
| Q2 24 | $-0.58 | $-0.56 | ||
| Q1 24 | $-0.51 | $0.86 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $625.8M | $527.9M |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $547.3M | $5.3B |
| 总资产 | $6.8B | $13.0B |
| 负债/权益比越低杠杆越低 | 5.91× | — |
8季度趋势，按日历期对齐
现金及短期投资DKPBF
| Q4 25 | $625.8M | $527.9M | ||
| Q3 25 | $630.9M | $482.0M | ||
| Q2 25 | $615.5M | $590.7M | ||
| Q1 25 | $623.8M | $468.6M | ||
| Q4 24 | $735.6M | $536.1M | ||
| Q3 24 | $1.0B | $976.7M | ||
| Q2 24 | $657.9M | $1.4B | ||
| Q1 24 | $753.4M | $1.4B |
总债务DKPBF
| 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 24 | $2.5B | — |
股东权益DKPBF
| Q4 25 | $547.3M | $5.3B | ||
| Q3 25 | $444.8M | $5.2B | ||
| Q2 25 | $294.9M | $5.1B | ||
| Q1 25 | $429.4M | $5.1B | ||
| Q4 24 | $575.2M | $5.5B | ||
| Q3 24 | $875.4M | $5.9B | ||
| Q2 24 | $982.8M | $6.3B | ||
| Q1 24 | $1.0B | $6.5B |
总资产DKPBF
| Q4 25 | $6.8B | $13.0B | ||
| Q3 25 | $7.1B | $13.0B | ||
| Q2 25 | $7.1B | $13.0B | ||
| Q1 25 | $6.9B | $13.0B | ||
| Q4 24 | $6.7B | $12.7B | ||
| Q3 24 | $7.0B | $13.1B | ||
| Q2 24 | $6.9B | $14.1B | ||
| Q1 24 | $7.2B | $13.8B |
负债/权益比DKPBF
| 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× | — | ||
| Q1 24 | 2.41× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $502.8M | $366.6M |
| 自由现金流经营现金流 - 资本支出 | $382.8M | $77.0M |
| 自由现金流率自由现金流/营收 | 15.8% | 1.1% |
| 资本支出强度资本支出/营收 | 4.9% | 4.1% |
| 现金转化率经营现金流/净利润 | 6.42× | 4.68× |
| 过去12个月自由现金流最近4个季度 | $6.3M | $-783.2M |
8季度趋势，按日历期对齐
经营现金流DKPBF
| Q4 25 | $502.8M | $366.6M | ||
| Q3 25 | $44.0M | $25.7M | ||
| Q2 25 | $51.4M | $191.1M | ||
| Q1 25 | $-62.4M | $-661.4M | ||
| Q4 24 | $-163.5M | $-329.7M | ||
| Q3 24 | $-21.6M | $-68.0M | ||
| Q2 24 | $-48.4M | $425.3M | ||
| Q1 24 | $166.7M | $15.8M |
自由现金流DKPBF
| Q4 25 | $382.8M | $77.0M | ||
| Q3 25 | $-64.0M | $-122.8M | ||
| Q2 25 | $-114.4M | $35.0M | ||
| Q1 25 | $-198.1M | $-772.4M | ||
| Q4 24 | $-354.0M | $-425.7M | ||
| Q3 24 | $-140.6M | $-169.8M | ||
| Q2 24 | $-128.3M | $371.8M | ||
| Q1 24 | $128.4M | $-123.8M |
自由现金流率DKPBF
| Q4 25 | 15.8% | 1.1% | ||
| Q3 25 | -2.2% | -1.6% | ||
| Q2 25 | -4.1% | 0.5% | ||
| Q1 25 | -7.5% | -10.9% | ||
| Q4 24 | -14.9% | -5.8% | ||
| Q3 24 | -4.6% | -2.0% | ||
| Q2 24 | -3.9% | 4.3% | ||
| Q1 24 | 4.1% | -1.4% |
资本支出强度DKPBF
| Q4 25 | 4.9% | 4.1% | ||
| Q3 25 | 3.7% | 1.9% | ||
| Q2 25 | 6.0% | 2.1% | ||
| Q1 25 | 5.1% | 1.6% | ||
| Q4 24 | 8.0% | 1.3% | ||
| Q3 24 | 3.9% | 1.2% | ||
| Q2 24 | 2.4% | 0.6% | ||
| Q1 24 | 1.2% | 1.6% |
现金转化率DKPBF
| Q4 25 | 6.42× | 4.68× | ||
| Q3 25 | 0.25× | 0.15× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.15× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
PBF
| Gasoline And Distillate | $6.4B | 89% |
| Asphaltand Residual Oil | $283.6M | 4% |
| Other | $149.4M | 2% |
| Chemicals | $145.1M | 2% |
| Logistics Group | $93.5M | 1% |
| Lubricants | $81.9M | 1% |
