DKL
Delek Logistics Partners, LP
Oil & Gas Midstream
Market Cap$2.71B
5Y Perf.+114.3%
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Stock Comparison
DKL vs MPLX vs CAPL vs EPD vs PAA
Revenue, margins, valuation, and 5-year total return — side by side.
MPLX
MPLX Lp
Oil & Gas Midstream
Market Cap$57.12B
5Y Perf.+196.3%
CAPL
CrossAmerica Partners LP
Oil & Gas Refining & Marketing
Market Cap$812M
5Y Perf.+41.1%
EPD
Enterprise Products Partners L.P.
Oil & Gas Midstream
Market Cap$81.56B
5Y Perf.+97.5%
PAA
Plains All American Pipeline, L.P.
Oil & Gas Midstream
Market Cap$15.58B
5Y Perf.+127.7%
DKL vs MPLX vs CAPL vs EPD vs PAA — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | DKL | MPLX | CAPL | EPD | PAA |
|---|---|---|---|---|---|
| Industry | Oil & Gas Midstream | Oil & Gas Midstream | Oil & Gas Refining & Marketing | Oil & Gas Midstream | Oil & Gas Midstream |
| Market Cap | $2.71B | $57.12B | $812M | $81.56B | $15.58B |
| Revenue (TTM) | $1.06B | $12.54B | $4.62B | $52.60B | $44.26B |
| Net Income (TTM) | $170M | $4.71B | $60M | $5.80B | $1.44B |
| Gross Margin | 19.2% | 60.0% | 8.5% | 13.6% | 3.3% |
| Operating Margin | 16.5% | 44.9% | 2.6% | 13.5% | 3.2% |
| Forward P/E | 13.8x | 12.7x | 49.5x | 13.1x | 13.8x |
| Total Debt | $35M | $26.16B | $908M | $34.93B | $7.93B |
| Cash & Equiv. | $11M | $2.14B | $3M | $1.25B | $348M |
DKL vs MPLX vs CAPL vs EPD vs PAA — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
DKL
MPLX
CAPL
EPD
PAA
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Delek Logistics Par… (DKL) | 100 | 214.3 | +114.3% |
| MPLX Lp (MPLX) | 100 | 296.3 | +196.3% |
| CrossAmerica Partne… (CAPL) | 100 | 141.1 | +41.1% |
| Enterprise Products… (EPD) | 100 | 197.5 | +97.5% |
| Plains All American… (PAA) | 100 | 227.7 | +127.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: DKL vs MPLX vs CAPL vs EPD vs PAA
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: MPLX leads in 4 of 7 categories (5-stock set), making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. CrossAmerica Partners LP is the stronger pick specifically for capital preservation and lower volatility and dividend income and shareholder returns. DKL also leads in specific categories worth noting. As sector peers, any of these can serve as alternatives in the same allocation.
DKL
Delek Logistics Partners, LP
The Momentum Pick
DKL ranks third and is worth considering specifically for momentum.
- +45.1% vs CAPL's +2.7%
Best for: momentum
MPLX
MPLX Lp
The Growth Play
MPLX carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 8.4%, EPS growth 14.5%, 3Y rev CAGR 3.9%
- 184.4% 10Y total return vs DKL's 207.3%
- 8.4% revenue growth vs CAPL's -10.6%
- Lower P/E (12.7x vs 13.1x)
Best for: growth exposure and long-term compounding
CAPL
CrossAmerica Partners LP
The Income Pick
CAPL is the #2 pick in this set and the best alternative if income & stability and defensive is your priority.
- Dividend streak 2 yrs, beta 0.06, yield 9.9%
- Beta 0.06, yield 9.9%, current ratio 0.72x
- Beta 0.06 vs DKL's 0.35
- 9.9% yield, 2-year raise streak, vs EPD's 5.7%
Best for: income & stability and defensive
EPD
Enterprise Products Partners L.P.
The Defensive Pick
EPD is the clearest fit if your priority is sleep-well-at-night.
- Lower volatility, beta 0.06, current ratio 1.04x
Best for: sleep-well-at-night
PAA
Plains All American Pipeline, L.P.
The Income Angle
Among these 5 stocks, PAA doesn't own a clear edge in any measured category.
Best for: energy exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | MPLX | 8.4% revenue growth vs CAPL's -10.6% |
| Value | MPLX | Lower P/E (12.7x vs 13.1x) |
| Quality / Margins | MPLX | 37.5% margin vs CAPL's 1.3% |
| Stability / Safety | CAPL | Beta 0.06 vs DKL's 0.35 |
| Dividends | CAPL | 9.9% yield, 2-year raise streak, vs EPD's 5.7% |
| Momentum (1Y) | DKL | +45.1% vs CAPL's +2.7% |
| Efficiency (ROA) | MPLX | 11.3% ROA vs PAA's 4.8%, ROIC 9.9% vs 4.2% |
DKL vs MPLX vs CAPL vs EPD vs PAA — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2023
FY 2025
FY 2025
FY 2025
FY 2024
DKL vs MPLX vs CAPL vs EPD vs PAA — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLDKLLAGGINGEPD
Who Leads Where
MPLX leads in 1 of 6 categories
DKL leads 1 • PAA leads 1 • CAPL leads 0 • EPD leads 0 • 3 tied
Explore the data ↓EPDEnterprise Products P…
0leads
CAPLCrossAmerica Partners…
0leads
PAAPlains All American P…
1leads
MPLXMPLX Lp
1leads
DKLDelek Logistics Partn…
1leads
6 Total Categories
CATEGORYLEADERvs MPLXvs PAAMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
MPLX4/6
Valuation MetricsMultiples, price ratios, and targets
Tied
—
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
DKL3/9
Total Returns1Y, 3Y, 5Y total returns with dividends
PAA4/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
MPLX leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
EPD is the larger business by revenue, generating $52.6B annually — 49.6x DKL's $1.1B. MPLX is the more profitable business, keeping 37.5% of every revenue dollar as net income compared to CAPL's 1.3%. On growth, DKL holds the edge at +19.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | DKLDelek Logistics P… | MPLXMPLX Lp | CAPLCrossAmerica Part… | EPDEnterprise Produc… | PAAPlains All Americ… |
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $1.1B | $12.5B | $4.6B | $52.6B | $44.3B |
| EBITDAEarnings before interest/tax | $310M | $7.0B | $200M | $9.7B | $2.4B |
| Net IncomeAfter-tax profit | $170M | $4.7B | $60M | $5.8B | $1.4B |
| Free Cash FlowCash after capex | $112M | $5.0B | $75M | $3.0B | $2.4B |
| Gross MarginGross profit ÷ Revenue | +19.2% | +60.0% | +8.5% | +13.6% | +3.3% |
| Operating MarginEBIT ÷ Revenue | +16.5% | +44.9% | +2.6% | +13.5% | +3.2% |
| Net MarginNet income ÷ Revenue | +16.0% | +37.5% | +1.3% | +11.0% | +3.2% |
| FCF MarginFCF ÷ Revenue | +10.6% | +39.8% | +1.6% | +5.6% | +5.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +19.0% | +5.2% | -100.0% | -2.9% | -19.1% |
| EPS Growth (YoY)Latest quarter vs prior year | -17.8% | -17.3% | +2.4% | +2.7% | +14.0% |
MPLX leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
Evenly matched — MPLX and CAPL and PAA each lead in 2 of 6 comparable metrics.
Valuation Metrics
At 11.7x trailing earnings, MPLX trades at a 61% valuation discount to PAA's 30.3x P/E. On an enterprise value basis, CAPL's 5.8x EV/EBITDA is more attractive than MPLX's 13.3x.
| Metric | DKLDelek Logistics P… | MPLXMPLX Lp | CAPLCrossAmerica Part… | EPDEnterprise Produc… | PAAPlains All Americ… |
|---|---|---|---|---|---|
| Market CapShares × price | $2.7B | $57.1B | $812M | $81.6B | $15.6B |
| Enterprise ValueMkt cap + debt − cash | $2.7B | $81.1B | $1.7B | $115.2B | $23.2B |
| Trailing P/EPrice ÷ TTM EPS | 15.46x | 11.67x | 19.54x | 14.18x | 30.26x |
| Forward P/EPrice ÷ next-FY EPS est. | 13.82x | 12.71x | 49.53x | 13.14x | 13.77x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | 1.54x | — |
| EV / EBITDAEnterprise value multiple | 8.81x | 13.27x | 5.80x | 12.10x | 10.51x |
| Price / SalesMarket cap ÷ Revenue | 2.68x | 4.83x | 0.22x | 1.55x | 0.31x |
| Price / BookPrice ÷ Book value/share | 446.88x | 3.95x | — | 2.70x | 1.18x |
| Price / FCFMarket cap ÷ FCF | — | 13.93x | 14.57x | 27.51x | 8.33x |
Evenly matched — MPLX and CAPL and PAA each lead in 2 of 6 comparable metrics.
Profitability & Efficiency
DKL leads this category, winning 3 of 9 comparable metrics.
Profitability & Efficiency
DKL delivers a 19.2% return on equity — every $100 of shareholder capital generates $19 in annual profit, vs $6 for PAA. PAA carries lower financial leverage with a 0.61x debt-to-equity ratio, signaling a more conservative balance sheet compared to DKL's 5.75x. On the Piotroski fundamental quality scale (0–9), MPLX scores 6/9 vs PAA's 4/9, reflecting solid financial health.
| Metric | DKLDelek Logistics P… | MPLXMPLX Lp | CAPLCrossAmerica Part… | EPDEnterprise Produc… | PAAPlains All Americ… |
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +19.2% | +32.8% | — | +19.3% | +6.3% |
| ROA (TTM)Return on assets | +6.1% | +11.3% | +6.0% | +7.5% | +4.8% |
| ROICReturn on invested capital | +14.1% | +9.9% | +18.1% | +8.3% | +4.2% |
| ROCEReturn on capital employed | +8.3% | +12.9% | +23.4% | +10.9% | +5.4% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 6 | 5 | 6 | 4 |
| Debt / EquityFinancial leverage | 5.75x | 1.80x | — | 1.14x | 0.61x |
| Net DebtTotal debt minus cash | $24M | $24.0B | $905M | $33.7B | $7.6B |
| Cash & Equiv.Liquid assets | $11M | $2.1B | $3M | $1.2B | $348M |
| Total DebtShort + long-term debt | $35M | $26.2B | $908M | $34.9B | $7.9B |
| Interest CoverageEBIT ÷ Interest expense | 1.66x | 5.85x | 1.86x | 5.21x | 7.00x |
DKL leads this category, winning 3 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
PAA leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in PAA five years ago would be worth $29,517 today (with dividends reinvested), compared to $15,614 for CAPL. Over the past 12 months, DKL leads with a +45.1% total return vs CAPL's +2.7%. The 3-year compound annual growth rate (CAGR) favors PAA at 27.5% vs CAPL's 10.4% — a key indicator of consistent wealth creation.
| Metric | DKLDelek Logistics P… | MPLXMPLX Lp | CAPLCrossAmerica Part… | EPDEnterprise Produc… | PAAPlains All Americ… |
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +13.4% | +6.4% | +8.4% | +20.7% | +25.9% |
| 1-Year ReturnPast 12 months | +45.1% | +22.5% | +2.7% | +31.7% | +41.8% |
| 3-Year ReturnCumulative with dividends | +45.6% | +95.7% | +34.7% | +73.8% | +107.0% |
| 5-Year ReturnCumulative with dividends | +86.0% | +157.2% | +56.1% | +105.7% | +195.2% |
| 10-Year ReturnCumulative with dividends | +207.3% | +184.4% | +87.5% | +119.8% | +54.1% |
| CAGR (3Y)Annualised 3-year return | +13.3% | +25.1% | +10.4% | +20.2% | +27.5% |
PAA leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
Evenly matched — CAPL and PAA each lead in 1 of 2 comparable metrics.
Risk & Volatility
CAPL is the less volatile stock with a 0.06 beta — it tends to amplify market swings less than DKL's 0.35 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. PAA currently trades 95.9% from its 52-week high vs CAPL's 90.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | DKLDelek Logistics P… | MPLXMPLX Lp | CAPLCrossAmerica Part… | EPDEnterprise Produc… | PAAPlains All Americ… |
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.35x | 0.18x | 0.06x | 0.06x | 0.11x |
| 52-Week HighHighest price in past year | $55.89 | $59.98 | $23.62 | $39.73 | $23.04 |
| 52-Week LowLowest price in past year | $37.50 | $47.80 | $19.61 | $29.90 | $15.69 |
| % of 52W HighCurrent price vs 52-week peak | +91.3% | +93.8% | +90.2% | +95.0% | +95.9% |
| RSI (14)Momentum oscillator 0–100 | 50.0 | 46.5 | 41.3 | 47.0 | 53.4 |
| Avg Volume (50D)Average daily shares traded | 64K | 1.8M | 50K | 4.1M | 3.4M |
Evenly matched — CAPL and PAA each lead in 1 of 2 comparable metrics.
Analyst Outlook
Evenly matched — CAPL and EPD each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: DKL as "Hold", MPLX as "Buy", CAPL as "Hold", EPD as "Buy", PAA as "Buy". Consensus price targets imply 9.8% upside for DKL (target: $56) vs -1.9% for EPD (target: $37). For income investors, CAPL offers the higher dividend yield at 9.86% vs EPD's 5.67%.
| Metric | DKLDelek Logistics P… | MPLXMPLX Lp | CAPLCrossAmerica Part… | EPDEnterprise Produc… | PAAPlains All Americ… |
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy | Hold | Buy | Buy |
| Price TargetConsensus 12-month target | $56.00 | $60.25 | — | $37.00 | $22.60 |
| # AnalystsCovering analysts | 10 | 28 | 15 | 45 | 42 |
| Dividend YieldAnnual dividend ÷ price | +8.7% | +7.0% | +9.9% | +5.7% | +5.7% |
| Dividend StreakConsecutive years of raises | 5 | 3 | 2 | 15 | 3 |
| Dividend / ShareAnnual DPS | $4.45 | $3.94 | $2.10 | $2.14 | $1.27 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.4% | +0.7% | 0.0% | +0.4% | 0.0% |
Evenly matched — CAPL and EPD each lead in 1 of 2 comparable metrics.
Key Takeaway
MPLX leads in 1 of 6 categories (Income & Cash Flow). DKL leads in 1 (Profitability & Efficiency). 3 tied.
Best OverallDelek Logistics Partners, LP (DKL)Leads 1 of 6 categories
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DKL vs MPLX vs CAPL vs EPD vs PAA: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is DKL or MPLX or CAPL or EPD or PAA a better buy right now?
For growth investors, MPLX Lp (MPLX) is the stronger pick with 8.
4% revenue growth year-over-year, versus -10. 6% for CrossAmerica Partners LP (CAPL). MPLX Lp (MPLX) offers the better valuation at 11. 7x trailing P/E (12. 7x forward), making it the more compelling value choice. Analysts rate MPLX Lp (MPLX) a "Buy" — based on 28 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.
02Which has the better valuation — DKL or MPLX or CAPL or EPD or PAA?
On trailing P/E, MPLX Lp (MPLX) is the cheapest at 11.
7x versus Plains All American Pipeline, L. P. at 30. 3x. On forward P/E, MPLX Lp is actually cheaper at 12. 7x.
03Which is the better long-term investment — DKL or MPLX or CAPL or EPD or PAA?
Over the past 5 years, Plains All American Pipeline, L.
P. (PAA) delivered a total return of +195. 2%, compared to +56. 1% for CrossAmerica Partners LP (CAPL). Over 10 years, the gap is even starker: DKL returned +207. 3% versus PAA's +54. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — DKL or MPLX or CAPL or EPD or PAA?
By beta (market sensitivity over 5 years), CrossAmerica Partners LP (CAPL) is the lower-risk stock at 0.
06β versus Delek Logistics Partners, LP's 0. 35β — meaning DKL is approximately 531% more volatile than CAPL relative to the S&P 500. On balance sheet safety, Plains All American Pipeline, L. P. (PAA) carries a lower debt/equity ratio of 61% versus 6% for Delek Logistics Partners, LP — giving it more financial flexibility in a downturn.
05Which is growing faster — DKL or MPLX or CAPL or EPD or PAA?
By revenue growth (latest reported year), MPLX Lp (MPLX) is pulling ahead at 8.
4% versus -10. 6% for CrossAmerica Partners LP (CAPL). On earnings-per-share growth, the picture is similar: CrossAmerica Partners LP grew EPS 109. 6% year-over-year, compared to -47. 9% for Plains All American Pipeline, L. P.. Over a 3-year CAGR, PAA leads at 6. 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.
06Which has better profit margins — DKL or MPLX or CAPL or EPD or PAA?
MPLX Lp (MPLX) is the more profitable company, earning 41.
6% net margin versus 1. 1% for CrossAmerica Partners LP — meaning it keeps 41. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MPLX leads at 40. 3% versus 2. 4% for PAA. At the gross margin level — before operating expenses — MPLX leads at 45. 2%, 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.
07Is DKL or MPLX or CAPL or EPD or PAA more undervalued right now?
On forward earnings alone, MPLX Lp (MPLX) trades at 12.
7x forward P/E versus 49. 5x for CrossAmerica Partners LP — 36. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for DKL: 9. 8% to $56. 00.
08Which pays a better dividend — DKL or MPLX or CAPL or EPD or PAA?
All stocks in this comparison pay dividends.
CrossAmerica Partners LP (CAPL) offers the highest yield at 9. 9%, versus 5. 7% for Enterprise Products Partners L. P. (EPD).
09Is DKL or MPLX or CAPL or EPD or PAA better for a retirement portfolio?
For long-horizon retirement investors, Enterprise Products Partners L.
P. (EPD) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 06), 5. 7% yield, +119. 8% 10Y return). Both have compounded well over 10 years (EPD: +119. 8%, DKL: +207. 3%), 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.
10What are the main differences between DKL and MPLX and CAPL and EPD and PAA?
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: DKL is a small-cap deep-value stock; MPLX is a mid-cap deep-value stock; CAPL is a small-cap income-oriented stock; EPD is a mid-cap deep-value stock; PAA is a mid-cap income-oriented stock. 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.
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Revenue Growth>
%
(DKL: 19.0% · MPLX: 5.2%)Net Margin>
%
(DKL: 16.0% · MPLX: 37.5%)P/E Ratio<
x
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