DK vs PBF vs CVI vs PARR vs CLMT

For growth investors, Calumet, Inc.

(CLMT) is the stronger pick with 0. 2% revenue growth year-over-year, versus -11. 4% for PBF Energy Inc. (PBF). Par Pacific Holdings, Inc. (PARR) offers the better valuation at 8. 7x trailing P/E (5. 6x forward), making it the more compelling value choice. Analysts rate Par Pacific Holdings, Inc. (PARR) a "Buy" — based on 17 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, Par Pacific Holdings, Inc.

(PARR) is the cheapest at 8. 7x versus CVR Energy, Inc. at 120. 7x. On forward P/E, Par Pacific Holdings, Inc. is actually cheaper at 5. 6x.

Over the past 5 years, Calumet, Inc.

(CLMT) delivered a total return of +496. 7%, compared to +95. 6% for Delek US Holdings, Inc. (DK). Over 10 years, the gap is even starker: CLMT returned +830. 4% versus PBF's +70. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Par Pacific Holdings, Inc.

(PARR) is the lower-risk stock at -0. 01β versus Calumet, Inc. 's 0. 40β — meaning CLMT is approximately -4578% more volatile than PARR relative to the S&P 500. On balance sheet safety, PBF Energy Inc. (PBF) carries a lower debt/equity ratio of 53% versus 6% for Delek US Holdings, Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Calumet, Inc.

(CLMT) is pulling ahead at 0. 2% versus -11. 4% for PBF Energy Inc. (PBF). On earnings-per-share growth, the picture is similar: Par Pacific Holdings, Inc. grew EPS 1314% year-over-year, compared to -552. 5% for Calumet, Inc.. Over a 3-year CAGR, CLMT leads at 10. 0% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Par Pacific Holdings, Inc.

(PARR) is the more profitable company, earning 4. 9% net margin versus -5. 3% for Calumet, Inc. — meaning it keeps 4. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PARR leads at 7. 2% versus -0. 2% for PBF. At the gross margin level — before operating expenses — PARR leads at 18. 1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

On forward earnings alone, Par Pacific Holdings, Inc.

(PARR) trades at 5. 6x forward P/E versus 452. 4x for Calumet, Inc. — 446. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for DK: -0. 8% to $44. 33.

In this comparison, PBF (2.

7% yield), DK (2. 3% yield) pay a dividend. CVI, PARR, CLMT do not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, PBF Energy Inc.

(PBF) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 13), 2. 7% yield). Both have compounded well over 10 years (PBF: +70. 2%, CVI: +253. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: DK is a small-cap quality compounder stock; PBF is a small-cap quality compounder stock; CVI is a small-cap quality compounder stock; PARR is a small-cap deep-value stock; CLMT is a small-cap quality compounder stock. DK, PBF pay a dividend while CVI, PARR, CLMT do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.