BP PLC vs DELEK US HOLDINGS, INC., two Oil & Gas Refining stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Delek's 17% return on equity looks respectable until the denominator is inspected: 10.57 turns of debt against a sliver of equity, a small distressed refiner where the ratio measures leverage, not skill, and the negative operating margin (negative 6.8%) is the honest read. BP earns 1.8% on equity across an integrated global book, unlevered but impairment-hit. Neither has a usable P/E. Delek yields 16.6% in free cash and pays a 2.1% dividend from a balance sheet stretched to 10x; BP yields 24.1% from a fortress sheet. The pair is scale-and-survival against distress: BP can lose money for a year and shrug, Delek cannot, and the leverage line is the whole difference.
Comparison updated 2026-07-11.
| Metric | BP | DK |
|---|---|---|
| Price | $37.12 | $47.83 |
| Market cap | $101.5B | $2.9B |
| Sector | Oil & Gas Refining | Oil & Gas Refining |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | — | -1.0% |
| P/B | 1.37 | 9.54 |
| P/S | 0.53 | 0.27 |
| EV/EBITDA | 2.1 | 8.4 |
| Revenue growth | +6.9% | -4.7% |
| Operating margin | 6.6% | -6.8% |
| Net margin | 0.7% | -0.5% |
| Return on equity | 1.8% | -17.0% |
| Return on assets | 0.5% | -0.7% |
| Return on invested capital | 13.5% | 5.6% |
| FCF yield | 24.1% | 16.6% |
| Dividend yield | — | 2.1% |
| Debt / equity | 0.00 | 10.57 |
| Current ratio | 1.26 | 0.76 |
| Altman Z (solvency) | 1.23 | 7.11 |
| Piotroski F (quality) | 8 / 9 | 5 / 9 |
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.