Delek Logistics Partners, LP (DKL) Financial Ratios
15 years of historical data (2011–2025) · Energy · Oil & Gas Midstream
EV/EBITDA
↓
8.84
↓-21% vs avg
5yr avg: 11.15
30Y Low7.8·High19.7
P/FCF
↑
N/A
—
5yr avg: 23.17
30Y Low6.0·High43.3
P/B Ratio
↑
448.81
↑+101% vs avg
5yr avg: 223.65
30Y Low5.3·High66.5
ROE
↑
847.5%
↓+36% vs avg
5yr avg: 624.6%
30Y Low8%·High402%
Debt/EBITDA
↓
0.11
↓-97% vs avg
5yr avg: 4.25
30Y Low0.1·High6.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DKL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Delek Logistics Partners, LP trades at 15.5x earnings, 17% above its 5-year average of 13.2x, sitting at the 86th percentile of its historical range. Compared to the Energy sector median P/E of 16.9x, the stock trades at a discount of 8%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.7B | $2.4B | $2.0B | $1.9B | $2.0B | $1.9B | $1.1B | $780M | $714M | $773M | $696M |
| Enterprise Value | $2.7B | $2.4B | $3.9B | $3.6B | $3.6B | $2.8B | $2.1B | $1.6B | $1.4B | $1.2B | $1.1B |
| P/E Ratio → | 15.53 | 13.52 | 14.13 | 14.94 | 12.36 | 11.27 | 7.66 | 12.25 | 7.91 | 15.17 | 13.79 |
| P/S Ratio | 2.69 | 2.36 | 2.13 | 1.85 | 1.90 | 2.65 | 1.91 | 1.34 | 1.09 | 1.44 | 1.55 |
| P/B Ratio | 448.81 | 390.82 | 56.48 | — | — | — | — | — | — | — | — |
| P/FCF | — | — | 26.92 | 15.07 | 43.30 | 7.39 | 5.98 | 6.43 | — | 11.12 | 7.78 |
| P/OCF | 11.49 | 10.08 | 9.72 | 8.36 | 10.25 | 6.75 | 5.57 | 5.98 | 4.82 | 8.81 | 6.91 |
P/E links to full P/E history page with 30-year chart
DKL EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Delek Logistics Partners, LP's enterprise value stands at 8.8x EBITDA, 21% below its 5-year average of 11.2x. The Energy sector median is 8.1x, placing the stock at a 9% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.38 | 4.13 | 3.53 | 3.51 | 3.96 | 3.70 | 2.76 | 2.14 | 2.21 | 2.43 |
| EV / EBITDA | 8.84 | 7.77 | 12.81 | 10.63 | 13.01 | 11.53 | 9.37 | 10.09 | 8.91 | 10.79 | 11.02 |
| EV / EBIT | 15.06 | 6.78 | 13.22 | 13.29 | 15.07 | 12.88 | 10.32 | 11.11 | 11.21 | 12.79 | 14.23 |
| EV / FCF | — | — | 52.15 | 28.79 | 80.11 | 11.04 | 11.61 | 13.28 | — | 17.13 | 12.17 |
DKL Profitability
Margins and return-on-capital ratios measuring operating efficiency
Delek Logistics Partners, LP earns an operating margin of 18.0%, above the Energy sector average of 14.5%. Operating margins have compressed from 23.4% to 18.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. Return on equity of 847.5% is exceptionally high, though this is partly amplified by negative book value driven by aggressive share buybacks — well above the sector median of 7.9%. ROIC of 14.1% represents solid returns on invested capital versus a sector median of 6.4%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 20.9% | 20.9% | 25.9% | 27.4% | 23.8% | 30.6% | 36.7% | 25.9% | 22.6% | 22.7% | 24.3% |
| Operating Margin | 18.0% | 18.0% | 21.6% | 23.4% | 20.2% | 27.2% | 31.9% | 21.5% | 19.1% | 16.4% | 17.3% |
| Net Profit Margin | 17.4% | 17.4% | 15.2% | 12.4% | 15.3% | 23.5% | 28.3% | 16.6% | 13.7% | 12.9% | 14.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 847.5% | 847.5% | 401.6% | — | — | — | — | — | — | — | — |
| ROA | 7.3% | 7.3% | 7.7% | 7.6% | 12.2% | 17.4% | 18.7% | 14.1% | 16.9% | 16.2% | 15.9% |
| ROIC | 14.1% | 14.1% | 8.8% | 11.5% | 13.2% | 16.7% | 17.0% | 15.3% | 20.1% | 17.5% | 16.5% |
| ROCE | 8.3% | 8.3% | 11.6% | 15.3% | 17.4% | 21.6% | 22.0% | 19.4% | 25.2% | 21.9% | 20.7% |
DKL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Delek Logistics Partners, LP carries a Debt/EBITDA ratio of 0.1x, which is very conservative (95% below the sector average of 2.4x). Net debt stands at $24M ($35M total debt minus $11M cash). Interest coverage of just 2.0x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 5.75 | 5.75 | 53.11 | — | — | — | — | — | — | — | — |
| Debt / EBITDA | 0.11 | 0.11 | 6.22 | 5.08 | 6.01 | 3.83 | 4.56 | 5.24 | 4.43 | 3.83 | 3.98 |
| Net Debt / Equity | — | 3.97 | 52.95 | — | — | — | — | — | — | — | — |
| Net Debt / EBITDA | 0.08 | 0.08 | 6.20 | 5.07 | 5.98 | 3.81 | 4.54 | 5.20 | 4.40 | 3.79 | 3.98 |
| Debt / FCF | — | — | 25.24 | 13.72 | 36.81 | 3.65 | 5.63 | 6.85 | — | 6.01 | 4.39 |
| Interest Coverage | 1.99 | 1.99 | 1.95 | 1.89 | 2.94 | 4.28 | 4.72 | 3.06 | 3.05 | 3.89 | 5.63 |
DKL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.12x means Delek Logistics Partners, LP can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 0.84x to 1.12x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.12 | 1.12 | 1.64 | 0.84 | 0.61 | 0.24 | 1.04 | 0.96 | 0.89 | 1.59 | 1.55 |
| Quick Ratio | 1.07 | 1.07 | 1.58 | 0.82 | 0.60 | 0.21 | 0.93 | 0.60 | 0.74 | 0.93 | 1.12 |
| Cash Ratio | 0.03 | 0.03 | 0.06 | 0.04 | 0.08 | 0.04 | 0.15 | 0.16 | 0.12 | 0.15 | 0.00 |
| Asset Turnover | — | 0.36 | 0.46 | 0.62 | 0.62 | 0.75 | 0.59 | 0.78 | 1.05 | 1.21 | 1.08 |
| Inventory Turnover | 44.75 | 44.75 | 128.41 | 327.16 | 532.56 | 202.27 | 114.06 | 34.30 | 92.71 | 19.96 | 38.24 |
| Days Sales Outstanding | — | 41.26 | 43.00 | 24.89 | 18.78 | 8.01 | 14.00 | 8.25 | 11.98 | 16.37 | 17.95 |
DKL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Delek Logistics Partners, LP returns 9.0% to shareholders annually — split between a 8.7% dividend yield and 0.4% buyback yield. The payout ratio exceeds 100% at 134.9%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 6.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 8.7% | 10.0% | 10.2% | 9.6% | 8.7% | 8.7% | 10.2% | 10.5% | 24.2% | 8.9% | 8.7% |
| Payout Ratio | 134.9% | 134.9% | 143.5% | 142.6% | 107.6% | 98.1% | 68.6% | 84.8% | 191.8% | 98.6% | 96.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.4% | 7.4% | 7.1% | 6.7% | 8.1% | 8.9% | 13.1% | 8.2% | 12.6% | 6.6% | 7.3% |
| FCF Yield | — | — | 3.7% | 6.6% | 2.3% | 13.5% | 16.7% | 15.5% | — | 9.0% | 12.9% |
| Buyback Yield | 0.4% | 0.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 9.0% | 10.4% | 10.2% | 9.6% | 8.7% | 8.7% | 10.2% | 10.5% | 24.2% | 8.9% | 8.7% |
| Shares Outstanding | — | $54M | $47M | $44M | $44M | $43M | $34M | $24M | $24M | $24M | $24M |
Peer Comparison
Compare DKL with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 DKLYou | $3B | 15.5 | 8.8 | — | 20.9% | 18.0% | 847.5% | 14.1% | 0.1 |
 MPLX | $57B | 11.5 | 13.2 | 13.8 | 45.2% | 40.3% | 34.4% | 9.9% | 4.3 |
 CAPL | $790M | 19.0 | 5.7 | 14.2 | 9.2% | 5.6% | — | 18.1% | 3.1 |
 EPD | $81B | 14.1 | 12.1 | 27.4 | 13.6% | 13.1% | 19.3% | 8.3% | 3.7 |
 PAA | $16B | 30.4 | 10.5 | 8.4 | 3.4% | 2.4% | 5.8% | 4.2% | 3.6 |
 TRGP | $54B | 29.3 | 14.3 | 13.7 | 26.5% | 20.1% | 48.4% | 13.3% | 3.5 |
 WES | $17B | 13.8 | 10.9 | 11.5 | 68.5% | 41.3% | 31.0% | 10.5% | 3.9 |
 NGL | $2B | -26.5 | 8.5 | 38.1 | 20.4% | 9.5% | 4.6% | 6.4% | 5.2 |
 DK | $3B | -118.4 | 6.9 | 125.4 | 5.3% | 3.7% | -4.1% | 9.9% | 4.2 |
 PSX | $69B | 15.9 | 13.3 | 25.2 | 4.9% | 2.7% | 15.0% | 5.3% | 3.4 |
 MPC | $72B | 18.5 | 11.4 | 15.2 | 7.5% | 4.3% | 16.7% | 8.3% | 3.8 |
| Energy Median | — | 16.9 | 8.1 | 14.1 | 32.7% | 14.5% | 7.9% | 6.4% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 15 years · Updated daily
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Start ComparisonDKL — Frequently Asked Questions
Quick answers to the most common questions about buying DKL stock.
What is Delek Logistics Partners, LP's P/E ratio?
Delek Logistics Partners, LP's current P/E ratio is 15.5x. The historical average is 16.7x. This places it at the 86th percentile of its historical range.
What is Delek Logistics Partners, LP's EV/EBITDA?
Delek Logistics Partners, LP's current EV/EBITDA is 8.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.8x.
What is Delek Logistics Partners, LP's ROE?
Delek Logistics Partners, LP's return on equity (ROE) is 847.5%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 136.9%.
Is DKL stock overvalued?
Based on historical data, Delek Logistics Partners, LP is trading at a P/E of 15.5x. This is at the 86th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Delek Logistics Partners, LP's dividend yield?
Delek Logistics Partners, LP's current dividend yield is 8.68% with a payout ratio of 134.9%.
What are Delek Logistics Partners, LP's profit margins?
Delek Logistics Partners, LP has 20.9% gross margin and 18.0% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Delek Logistics Partners, LP have?
Delek Logistics Partners, LP's Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.