HF Sinclair Corp
DINO· NYSE· Pipe Lines (No Natural Gas)
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 3.2%
- ROIC, 5 yr avg
- 12.0%
- Revenue, 5 yr CAGR
- +19.2%
We record prices for the companies we cover; DINO is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 186.5M
- Revenue
- $26.9B
- Free cash flow
- $866.0M
- Owner earnings
- $833.0M
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- 3.5%
- Net
- 2.2%
- Free cash flow
- 3.2%
- Owner earnings
- 3.1%
- Stock pay
- 0.1%
Returns
- ROIC, FY2025
- 6.8%
- ROIC, 5 yr avg
- 12.0%
- ROE, FY2025
- 6.3%
- ROE, 5 yr avg
- 13.1%
Growth (CAGR)
- Revenue, 3 yr
- -11.1%
- Revenue, 5 yr
- 19.2%
- Diluted EPS, 3 yr
- -40.0%
- Diluted EPS, 5 yr
- –
- Free cash flow, 3 yr
- -35.7%
- Free cash flow, 5 yr
- 35.9%
Financial health · FY2025
- Cash and investments
- $978.0M
- Total debt
- $2.8B
- Net debt
- $1.8B
- Debt/Equity
- 0.3x
- Debt/FCF
- 3.2x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 64.9%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 2.9%
Financials: ten years from the 10-Ks
Revenue
$26.9B
+19.2% a year over 5 years
FY2020FY2025
Margins
Operating3.5%Net2.2%
FY2025
FY2020FY2025
Free cash flow and owner earnings
Free cash flow$866.0MOwner earnings$833.0M
Free cash flow +35.9% a year
FY2020FY2025
Diluted shares
186.5M
+15.1% over 5 years, net dilution
FY2020FY2025
Return on invested capital
6.8%
FY2025
FY2020FY2025
Net debt (below zero)
-$1.8B
$1.8B more debt than cash
FY2020FY2025
Every figure, year by year
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| The business | ||||||
| Revenue | $11.2B | $18.4B | $38.2B | $32.0B | $28.6B | $26.9B |
| Revenue growth | – | 64.4% | 107.8% | -16.3% | -10.6% | -6.0% |
| Gross margin | – | – | – | – | – | – |
| Operating margin | -6.6% | 4.1% | 10.6% | 6.9% | 0.9% | 3.5% |
| Net income | -$601.4M | $558.3M | $2.9B | $1.6B | $177.0M | $579.0M |
| Net margin | -5.4% | 3.0% | 7.7% | 5.0% | 0.6% | 2.2% |
| Diluted EPS | $-3.72 | $3.39 | $14.28 | $8.29 | $0.91 | $3.08 |
| Return on invested capital? | – | 7.4% | 28.9% | 15.2% | 2.0% | 6.8% |
| Cash | ||||||
| Operating cash flow | $457.9M | $406.7M | $3.8B | $2.3B | $1.1B | $1.3B |
| Capital expenditure | $270.9M | $725.1M | $524.0M | $385.0M | $470.0M | $449.0M |
| Free cash flow | $187.1M | -$318.4M | $3.3B | $1.9B | $640.0M | $866.0M |
| Stock-based compensation | $31.7M | $39.3M | $31.0M | $41.0M | $23.0M | $33.0M |
| Owner earnings? | $155.4M | -$357.7M | $3.2B | $1.9B | $617.0M | $833.0M |
| Free cash flow per share | $1.15 | $-1.96 | $16.06 | $10.06 | $3.33 | $4.64 |
| Capital allocation | ||||||
| Dividends paid | $229.5M | $57.7M | $256.0M | $341.0M | $386.0M | $376.0M |
| Share repurchases | $7.6M | $7.1M | $1.4B | $999.0M | $672.0M | $354.0M |
| Diluted shares | 162.0M | 162.6M | 202.6M | 190.0M | 192.1M | 186.5M |
| Share count change? | – | 0.4% | 24.6% | -6.2% | 1.1% | -2.9% |
| Balance sheet | ||||||
| Cash and equivalents | $1.4B | $234.4M | $1.7B | $1.4B | $800.0M | $978.0M |
| Short-term investments | – | – | – | – | – | – |
| Total debt | – | $3.1B | $3.3B | $2.7B | $2.6B | $2.8B |
| Net debt | – | $2.8B | $1.6B | $1.4B | $1.8B | $1.8B |
| Shareholders' equity | $5.7B | $5.7B | $9.2B | $10.2B | $9.3B | $9.2B |
Latest filings
| 2026-10-28 | 10-Q | Quarterly report |
| 2026-10-28 | 8-K | Earnings release |
| 2026-07-30 | 10-Q | Quarterly report |
| 2026-07-28 | 8-K | Earnings release |
| 2026-05-01 | 10-Q | Quarterly report |
| 2026-05-01 | 8-K | Earnings release |
| 2026-03-31 | DEF 14A | Proxy statement |
| 2026-02-27 | 10-K | Annual report |
| 2026-02-18 | 8-K | Earnings release |
| 2025-10-30 | 10-Q | Quarterly report |
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