DELEK US HOLDINGS, INC. vs SUNOCO LP, two Oil & Gas Refining stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
What is priced in: neither Delek nor Sunoco carries a usable P/E, and both throw off large free-cash figures for opposite reasons, Delek's 16.6% a suppressed-earnings artifact, Sunoco's 28.5% an MLP distribution mechanic. Delek is a distressed small refiner at 10.57 turns of debt with a negative operating margin; Sunoco is a fuel-distribution MLP at a thin-but-positive 3.1% net margin on a toll model. Both pay something, Delek a 2.1% dividend it can barely afford, Sunoco its distribution. The pair is downstream oil's fragile edge: a leveraged refiner one bad spread from trouble against a pass-through distributor built to yield; the free-cash figures flatter both and mean opposite things.
Comparison updated 2026-07-11.
| Metric | DK | SUN |
|---|---|---|
| Price | $47.83 | $66.32 |
| Market cap | $2.9B | $3.4B |
| Sector | Oil & Gas Refining | Oil & Gas Refining |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | -1.0% | +2.7% |
| P/B | 9.54 | — |
| P/S | 0.27 | 0.11 |
| EV/EBITDA | 8.4 | 2.3 |
| Revenue growth | -4.7% | +40.5% |
| Operating margin | -6.8% | 8.1% |
| Net margin | -0.5% | 3.1% |
| Return on equity | -17.0% | — |
| Return on assets | -0.7% | 3.2% |
| Return on invested capital | 5.6% | 9907.9% |
| FCF yield | 16.6% | 28.5% |
| Dividend yield | 2.1% | — |
| Debt / equity | 10.57 | — |
| Current ratio | 0.76 | 1.40 |
| Altman Z (solvency) | 7.11 | 1.28 |
| Piotroski F (quality) | 5 / 9 | 7 / 9 |
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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.