DELEK US HOLDINGS, INC. vs Exxon Mobil Corporation, two Oil & Gas Refining stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
The margin gap is total: ExxonMobil nets 7.6% of revenue across its integrated global book while Delek, a small distressed refiner, posts a negative 0.5% net and negative 6.8% operating margin. Exxon earns 9.7% on equity at near-zero debt; Delek's 17% return on equity is 10.57 turns of leverage on a sliver of equity, an artifact, not a strength. The scale gap is astronomical, $573B against $2.9B. Exxon pays a 2.9% dividend at 23 times earnings; Delek pays 2.1% from a stretched sheet with no usable multiple. The pair prices the industry's largest, healthiest integrated against one of its smallest, most leveraged refiners; they share a downstream function and nothing about their survivability.
Comparison updated 2026-07-11.
| Metric | DK | XOM |
|---|---|---|
| Price | $47.83 | $136.40 |
| Market cap | $2.9B | $573.2B |
| Sector | Oil & Gas Refining | Oil & Gas Refining |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | -1.0% | +1.4% |
| P/E | — | 23.0 |
| P/B | 9.54 | 2.20 |
| P/S | 0.27 | 1.71 |
| EV/EBITDA | 8.4 | 21.4 |
| Revenue growth | -4.7% | -4.2% |
| Operating margin | -6.8% | — |
| Net margin | -0.5% | 7.6% |
| Return on equity | -17.0% | 9.7% |
| Return on assets | -0.7% | 5.5% |
| Return on invested capital | 5.6% | — |
| FCF yield | 16.6% | 3.3% |
| Dividend yield | 2.1% | 2.9% |
| Debt / equity | 10.57 | 0.06 |
| Current ratio | 0.76 | 1.04 |
| Altman Z (solvency) | 7.11 | 3.87 |
| Piotroski F (quality) | 5 / 9 | 8 / 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.