$56.92

-0.48 (-0.84%)

Weekly Expected Move ±2.7%

$54 $56 $57 $59 $61

NYSE · Energy · Oil & Gas Midstream · Tech Score Strong Buy · Power 70 · $3.3B mcap · 22M float · 0.702% daily turnover · Short 59% of daily vol

Credit Risk of going bust: lower than 58% of companies Debt: 42.3% of company value Bonds: $195.5M held by 267 funds, 236 bp over Treasuries → details ▾

Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $2.23 (down 96%), Delek Logistics Partners, LP would be worth roughly what it owes.
Total debt $2.41B against a stock market value of $3.29B.
Distance to default 6.02 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $1.19B (short-term plus half of long-term), stock volatility 29.8%; Altman Z'' 0.68. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NO EDGE

30.6 / 100

NoneWeakNarrowWide

Primary source: Cost Advantage · ROIC: 7.9%

Cost Advantage ★

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. DKL has No discernible competitive edge (30.6/100). The business operates without significant structural advantages. The primary source of advantage is Cost Advantage. ROIC of 7.9% suggests modest returns relative to capital deployed.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

$57

Low

$57

Avg Target

$57

High

Based on 1 analyst since Aug 5, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 2Hold: 8Sell: 1Strong Sell: 0

Rating Summary

ConsensusHold

Avg Target$57.00

Analysts1

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-09-21	UBS	—	$56	$57	+1	-0.6%	$57.37
2026-07-16	UBS	—	Initiated	$56	—	-0.2%	$56.12
2026-04-30	Raymond James	—	$55	$60	+5	+13.9%	$52.69
2026-04-21	Mizuho Securities	—	$45	$52	+7	+2.5%	$50.74
2026-03-05	Raymond James	Justin Jenkins	$45	$55	+10	+2.8%	$53.52
2025-08-29	Mizuho Securities	—	Initiated	$45	—	+2.7%	$43.82
2024-11-18	Truist Financial	Neal Dingmann	$46	$50	+4	+29.1%	$38.74
2024-10-17	Bank of America Securities	Jean Ann Salisbury	Initiated	$36	—	-8.2%	$39.21
2024-08-28	Citigroup	Douglas Irwin	$48	$45	-3	+15.9%	$38.83
2024-04-19	Truist Financial	Neal Dingmann	Initiated	$46	—	+21.1%	$38.00
2024-03-18	Raymond James	Justin Jenkins	Initiated	$45	—	+10.4%	$40.76
2022-12-09	Citigroup	—	Initiated	$48	—	+5.6%	$45.46

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

C+

Oct 27, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. DKL receives an overall rating of C+. Strongest factors: ROA (4/5). Areas of concern: ROE (1/5), D/E (1/5), P/E (2/5), P/B (1/5).

Rating Change History

Date	From	To
2026-07-16	B-	C+
2026-07-06	C+	B-
2026-07-02	B-	C+
2026-07-01	C+	B-
2026-05-04	B-	C+
2026-04-29	B+	B-
2026-04-24	B	B+
2026-04-16	B+	B
2026-04-01	B	B+
2026-02-27	B+	B

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 44 Grade C

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. DKL scores highest in Momentum (86/100) and lowest in Balance Sheet (19/100). A grade of C represents mixed fundamentals — strengths in some areas offset by weaknesses.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

1.34

Distress Zone

Piotroski F-Score

6/9

✓ ✓ ✗ ✓ ✗ ✓ ✓ ✗ ✓

Beneish M-Score

-2.38

Unlikely Manipulator

Ohlson O-Score

-5.98

Bankruptcy prob: 0.3%

Low Risk

Credit Rating

B-

Score: 20.0/100

Trend: Stable

Earnings Quality

75/100

OCF/NI: 2.17x

Accruals: -6.4%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. DKL scores 1.34, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. DKL scores 6/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. DKL's score of -2.38 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. DKL's implied 0.3% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. DKL receives an estimated rating of B- (score: 20.0/100), with a stable trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). DKL's score of 75/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

19.83x

PEG

-7.31x

P/S

2.74x

P/B

-43.68x

P/FCF

21.39x

P/OCF

8.21x

EV/EBITDA

11.06x

EV/Revenue

4.28x

EV/EBIT

16.02x

EV/FCF

40.06x

Earnings Yield

5.61%

FCF Yield

4.67%

Shareholder Yield

9.10%

Graham Number

—

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 19.8x earnings, DKL trades at a reasonable valuation. An earnings yield of 5.6% exceeds typical risk-free rates, suggesting equities are being compensated for risk.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

1.000

NI / EBT

Interest Burden

0.481

EBT / EBIT

EBIT Margin

0.267

EBIT / Rev

Asset Turnover

0.427

Rev / Assets

Equity Multiplier

-150.760

Assets / Equity

ROE

-826.1%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. DKL's ROE of -826.1% is driven by Asset Turnover (0.427), indicating efficient use of assets to generate revenue. A tax burden ratio of 1.00 indicates minimal tax leakage — the company retains over 90% of pre-tax earnings.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

1.42%

Fair P/E

11.33x

Intrinsic Value

$32.80

Price/Value

1.57x

Margin of Safety

-57.13%

Premium

57.13%

Assessment

Neutral

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with DKL's realized 1.4% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. DKL trades at a 57% premium to its adjusted intrinsic value of $32.80, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 11.3x compares to the current market P/E of 19.8x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$56.81

Median 1Y

$60.78

5th Pctile

$27.03

95th Pctile

$136.72

Ann. Volatility

47.0%

Analyst Target

$57.00

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

—

Revenue / Employee

—

Rev: $1,013,323,000

Profit / Employee

—

NI: $176,460,000

SGA / Employee

—

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	-1.5%	-1.6%	-1.5%	-1.4%	-1.4%	-1.5%	-1.4%	-1.3%	-1.2%	-92.6%	-1.5%	-1.4%	-1.4%	-2.3%	5.4%	-15.8%	-11.9%	8.5%	4.4%	-8.3%	-8.26%
ROA	17.4%	17.4%	17.8%	12.3%	12.3%	12.2%	11.9%	9.5%	8.8%	7.6%	7.3%	7.9%	7.1%	7.7%	7.4%	7.0%	7.0%	7.3%	6.4%	5.5%	5.48%
ROIC	22.8%	23.5%	23.9%	13.4%	14.7%	13.4%	14.1%	15.0%	15.3%	15.2%	15.2%	16.2%	11.6%	10.5%	8.2%	7.6%	10.1%	6.0%	7.6%	7.9%	7.91%
ROCE	24.9%	25.7%	26.6%	15.0%	16.5%	15.4%	16.0%	16.9%	17.3%	17.4%	17.1%	18.2%	14.9%	15.1%	13.1%	13.5%	14.1%	14.7%	15.3%	13.5%	13.47%
Gross Margin	30.5%	29.3%	25.6%	21.4%	24.5%	24.9%	30.2%	27.5%	25.1%	29.3%	28.4%	27.6%	22.2%	22.8%	21.5%	25.3%	20.2%	16.9%	15.4%	17.2%	17.18%
Operating Margin	26.7%	26.0%	22.7%	15.8%	20.1%	22.9%	26.3%	24.3%	22.7%	20.7%	25.6%	25.9%	14.9%	18.1%	19.0%	21.7%	17.4%	14.3%	13.4%	16.1%	16.09%
Net Margin	23.0%	22.0%	19.1%	12.1%	15.2%	15.9%	15.3%	12.9%	12.6%	8.7%	13.0%	15.5%	15.7%	16.8%	15.6%	18.1%	17.4%	18.5%	10.9%	7.5%	7.50%
EBITDA Margin	36.9%	36.7%	32.0%	24.2%	30.3%	34.4%	38.3%	37.6%	35.6%	33.9%	40.3%	38.7%	43.3%	46.8%	43.2%	46.4%	49.0%	51.4%	40.5%	22.0%	22.03%
FCF Margin	40.4%	36.3%	31.1%	24.5%	27.1%	4.4%	1.1%	-3.9%	-11.7%	12.2%	15.2%	21.2%	14.9%	7.9%	1.5%	-7.3%	-4.2%	-4.3%	10.1%	10.7%	10.70%
OCF Margin	43.3%	39.8%	35.2%	30.9%	36.9%	18.5%	16.2%	11.7%	0.5%	22.1%	23.3%	28.0%	27.5%	21.9%	20.7%	23.2%	25.9%	22.9%	34.9%	27.9%	27.86%
ROA 3Y Avg	snapshot only																				6.32%
ROIC 3Y Avg	snapshot only																				9.81%
ROIC Economic	snapshot only																				7.91%
Cash ROA	snapshot only																				11.64%
Cash ROIC	snapshot only																				14.37%
CROIC	snapshot only																				5.52%
NOPAT Margin	snapshot only																				15.33%
Pretax Margin	snapshot only																				12.85%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				1.53%
SBC / Revenue	snapshot only																				0.00%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	8.07	7.73	7.98	9.64	10.20	9.18	9.96	11.76	9.88	12.09	12.42	12.47	13.94	13.63	14.39	14.32	14.46	13.54	15.71	17.81	19.833
P/S Ratio	2.03	1.82	1.78	1.77	1.68	1.41	1.46	1.75	1.40	1.50	1.47	1.56	1.83	2.07	2.29	2.37	2.46	2.36	2.51	2.29	2.743
P/B Ratio	-12.63	-12.26	-12.59	-12.99	-14.11	-13.18	-13.31	-14.23	-10.42	-9.43	-35.54	-31.76	-40.03	54.74	22.01	68.30	136.15	390.81	-132.35	-39.60	-43.682
P/FCF	5.03	5.01	5.72	7.25	6.21	32.10	137.56	-44.65	-11.99	12.21	9.67	7.35	12.26	26.09	150.60	-32.46	-58.23	-55.27	24.90	21.39	21.392
P/OCF	4.69	4.57	5.06	5.75	4.57	7.59	9.01	14.99	272.82	6.77	6.29	5.56	6.66	9.42	11.05	10.22	9.50	10.32	7.20	8.21	8.212
EV/EBITDA	8.64	8.26	8.31	11.26	10.60	10.04	9.67	9.79	8.51	8.75	8.23	8.25	9.68	9.69	10.72	10.66	5.31	5.01	10.09	11.06	11.057
EV/Revenue	3.44	3.12	3.00	3.57	3.20	3.02	3.06	3.41	3.10	3.18	3.03	3.06	3.76	4.07	4.58	4.79	2.46	2.38	4.70	4.28	4.284
EV/EBIT	10.67	10.18	10.16	14.01	13.52	12.96	12.71	13.03	11.43	11.98	11.38	11.33	13.14	13.01	14.28	14.14	7.12	6.78	13.86	16.02	16.022
EV/FCF	8.53	8.60	9.66	14.58	11.81	68.90	288.73	-87.18	-26.49	25.94	19.96	14.44	25.16	51.32	301.94	-65.43	-58.25	-55.83	46.56	40.06	40.056
Earnings Yield	12.4%	12.9%	12.5%	10.4%	9.8%	10.9%	10.0%	8.5%	10.1%	8.3%	8.1%	8.0%	7.2%	7.3%	7.0%	7.0%	6.9%	7.4%	6.4%	5.6%	5.61%
FCF Yield	19.9%	20.0%	17.5%	13.8%	16.1%	3.1%	0.7%	-2.2%	-8.3%	8.2%	10.3%	13.6%	8.2%	3.8%	0.7%	-3.1%	-1.7%	-1.8%	4.0%	4.7%	4.67%
EV/OCF	snapshot only																				15.377
EV/Gross Profit	snapshot only																				24.714
Acquirers Multiple	snapshot only																				27.937
Shareholder Yield	snapshot only																				9.10%

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	0.30	0.24	0.27	0.39	0.28	0.61	0.99	1.51	1.38	0.84	1.84	1.38	1.24	1.64	1.61	0.93	1.03	1.12	0.96	0.96	0.961
Quick Ratio	0.28	0.21	0.25	0.37	0.27	0.60	0.95	1.46	1.33	0.82	1.82	1.35	1.17	1.58	1.52	0.89	0.98	1.07	0.92	0.91	0.912
Debt/Equity	-8.82	-8.85	-8.68	-13.25	-12.85	-15.19	-14.72	-13.61	-12.64	-10.62	-38.03	-30.78	-42.24	53.11	22.14	69.41	0.44	5.75	-115.58	-34.75	-34.749
Net Debt/Equity	—	—	—	—	—	—	—	—	—	—	—	—	—	52.95	22.12	69.36	0.04	3.97	—	—	—
Debt/Assets	0.99	0.98	0.99	0.96	0.90	1.00	1.02	1.04	1.03	1.05	0.98	0.97	0.97	0.92	0.90	0.81	0.00	0.01	0.80	0.84	0.839
Debt/EBITDA	3.56	3.47	3.39	5.71	5.08	5.39	5.10	4.80	4.67	4.64	4.27	4.07	4.98	4.78	5.38	5.38	0.02	0.07	4.71	5.18	5.181
Net Debt/EBITDA	3.54	3.45	3.38	5.66	5.03	5.37	5.07	4.78	4.66	4.63	4.24	4.05	4.96	4.77	5.37	5.37	0.00	0.05	4.69	5.15	5.152
Interest Coverage	4.57	4.28	4.07	3.62	3.34	2.94	2.56	2.32	2.10	1.89	1.81	1.87	1.86	1.95	1.98	1.97	1.98	1.99	1.90	1.47	1.470
Equity Multiplier	-8.88	-8.99	-8.78	-13.82	-14.34	-15.17	-14.41	-13.07	-12.28	-10.15	-38.96	-31.64	-43.47	57.46	24.59	86.05	157.24	454.57	-144.33	-41.43	-41.426
Cash Ratio	snapshot only																				0.028
Debt Service Coverage	snapshot only																				2.130
Cash to Debt	snapshot only																				0.006
FCF to Debt	snapshot only																				0.053
Defensive Interval	snapshot only																				6715.5 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.69	0.74	0.80	0.67	0.75	0.79	0.82	0.64	0.62	0.61	0.62	0.63	0.54	0.51	0.46	0.42	0.41	0.42	0.40	0.43	0.427
Inventory Turnover	224.22	175.25	292.25	223.05	305.27	404.74	362.34	229.64	228.64	392.55	346.06	313.85	163.88	182.24	138.92	75.01	64.52	68.65	57.83	48.54	48.541
Receivables Turnover	28.37	37.89	46.19	27.51	26.67	30.17	26.54	17.98	12.80	21.61	13.35	12.94	10.92	19.63	8.64	4.01	11.81	11.97	7.85	3.14	3.138
Payables Turnover	15.48	12.24	14.88	7.09	5.17	11.57	17.76	10.28	5.96	16.39	27.68	37.23	22.41	20.71	16.61	3.47	4.36	4.79	3.01	2.45	2.450
DSO	13	10	8	13	14	12	14	20	29	17	27	28	33	19	42	91	31	30	46	116	116.3 days
DIO	2	2	1	2	1	1	1	2	2	1	1	1	2	2	3	5	6	5	6	8	7.5 days
DPO	24	30	25	52	71	32	21	36	61	22	13	10	16	18	22	105	84	76	121	149	149.0 days
Cash Conversion Cycle	-9	-18	-15	-37	-56	-19	-6	-14	-31	-4	15	20	19	3	23	-9	-47	-40	-68	-25	-25.2 days
Fixed Asset Turnover	snapshot only																				0.607
Operating Cycle	snapshot only																				123.9 days
Cash Velocity	snapshot only																				87.506
Capital Intensity	snapshot only																				2.394

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	15.9%	24.4%	36.5%	41.3%	47.0%	47.9%	42.2%	23.5%	8.2%	-1.5%	-4.1%	-0.6%	-4.9%	-7.8%	-8.8%	-12.1%	-1.8%	7.7%	13.0%	30.3%	30.33%
Net Income	16.9%	3.5%	0.2%	-5.7%	-3.6%	-3.5%	-6.6%	-0.2%	-7.1%	-20.6%	-22.6%	-16.6%	-11.8%	13.0%	22.7%	16.8%	27.0%	23.7%	13.9%	1.0%	0.98%
EPS	-0.8%	3.4%	0.1%	-5.8%	-3.7%	-3.7%	-6.9%	-0.5%	-7.3%	-20.8%	-24.0%	-23.0%	-18.4%	-3.4%	1.6%	3.1%	11.8%	17.9%	14.0%	1.4%	1.42%
FCF	55.1%	41.7%	14.8%	-17.3%	-1.2%	-82.1%	-95.2%	-1.2%	-1.5%	1.7%	12.7%	6.4%	2.2%	-40.3%	-90.9%	-1.3%	-1.3%	-1.6%	6.5%	2.9%	2.91%
EBITDA	15.5%	8.1%	6.7%	5.0%	11.4%	17.6%	24.5%	36.0%	30.3%	18.7%	11.7%	5.7%	1.6%	6.6%	6.0%	6.4%	17.2%	22.1%	23.2%	12.5%	12.50%
Op. Income	13.3%	6.0%	4.4%	0.8%	6.0%	10.1%	16.2%	29.4%	25.7%	14.0%	5.6%	1.5%	-12.4%	-15.1%	-22.4%	-31.1%	-15.1%	-9.8%	-5.6%	7.6%	7.64%
OCF Growth	snapshot only																				56.28%
Asset Growth	snapshot only																				4.27%
Equity Growth	snapshot only																				-3.17%
Debt Growth	snapshot only																				8.44%
Shares Change	snapshot only																				-0.44%
Dividend Growth	snapshot only																				6.33%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	0.1%	2.1%	5.5%	10.6%	16.5%	21.1%	21.7%	23.7%	22.6%	21.9%	23.0%	20.1%	14.8%	10.3%	7.5%	2.6%	0.4%	-0.7%	-0.4%	4.4%	4.41%
Revenue 5Y	8.5%	9.4%	9.8%	11.8%	13.4%	14.0%	13.2%	11.3%	9.8%	9.2%	9.9%	10.6%	10.2%	10.0%	9.5%	10.6%	11.5%	12.5%	13.9%	14.7%	14.71%
EPS 3Y	1.6%	0.9%	1.6%	-0.4%	-2.7%	-2.7%	-5.6%	-5.3%	-4.0%	-7.6%	-10.8%	-10.3%	-10.0%	-9.7%	-10.4%	-7.5%	-5.4%	-3.4%	-4.2%	-7.0%	-6.96%
EPS 5Y	7.9%	8.0%	8.8%	7.2%	6.1%	5.1%	3.3%	1.5%	-1.3%	-4.8%	-5.8%	-5.4%	-7.0%	-6.7%	-8.3%	-7.6%	-4.2%	-2.1%	-3.9%	-5.5%	-5.46%
Net Income 3Y	23.1%	22.3%	23.2%	20.7%	17.9%	18.0%	14.4%	8.0%	1.5%	-7.5%	-10.2%	-7.8%	-7.5%	-4.7%	-3.9%	-0.9%	1.3%	3.5%	2.7%	-0.5%	-0.55%
Net Income 5Y	21.1%	21.3%	22.1%	20.4%	19.2%	18.0%	16.0%	14.0%	10.8%	7.0%	6.2%	7.9%	6.1%	8.1%	7.3%	4.2%	3.2%	2.1%	0.2%	-1.5%	-1.55%
EBITDA 3Y	19.4%	19.9%	20.2%	21.1%	23.2%	23.7%	24.4%	22.5%	18.8%	14.7%	14.0%	14.7%	13.8%	14.2%	13.8%	15.2%	15.8%	15.6%	13.4%	8.2%	8.15%
EBITDA 5Y	21.9%	22.2%	22.8%	21.8%	21.7%	22.1%	21.9%	21.1%	19.9%	19.2%	19.3%	20.6%	19.9%	19.1%	17.9%	15.6%	14.8%	14.5%	14.1%	12.5%	12.55%
Gross Profit 3Y	11.7%	10.7%	12.1%	14.0%	15.5%	18.1%	19.3%	17.3%	13.2%	11.3%	10.2%	10.6%	7.9%	3.5%	0.0%	-1.8%	-3.1%	-5.2%	-8.9%	-9.5%	-9.51%
Gross Profit 5Y	14.5%	14.7%	15.4%	15.2%	15.4%	15.4%	15.4%	14.1%	12.8%	12.4%	12.4%	13.8%	11.5%	9.7%	6.9%	4.0%	2.5%	0.5%	-0.7%	-0.5%	-0.49%
Op. Income 3Y	16.3%	14.8%	15.2%	14.7%	15.8%	18.6%	19.8%	18.4%	14.7%	9.9%	8.6%	9.8%	5.3%	2.1%	-1.6%	-3.3%	-2.2%	-4.4%	-8.2%	-9.1%	-9.06%
Op. Income 5Y	19.5%	19.7%	20.4%	19.4%	18.7%	18.9%	18.5%	17.7%	16.0%	13.7%	13.4%	14.7%	11.3%	10.0%	7.1%	3.0%	2.3%	0.4%	-1.3%	-0.4%	-0.38%
FCF 3Y	—	—	18.8%	15.0%	16.2%	-27.9%	-55.3%	—	—	-11.4%	-8.6%	-4.2%	-17.6%	-33.6%	-60.7%	—	—	—	1.1%	—	—
FCF 5Y	26.8%	23.3%	22.6%	22.3%	28.4%	-8.1%	—	—	—	—	2.2%	10.1%	-2.3%	-9.3%	-35.4%	—	—	—	-12.1%	-12.6%	-12.64%
OCF 3Y	61.2%	23.6%	20.8%	21.5%	26.4%	13.8%	7.6%	-6.9%	-69.1%	5.3%	3.0%	2.8%	-1.3%	-9.6%	-9.9%	-6.7%	-10.8%	6.4%	28.8%	39.6%	39.57%
OCF 5Y	26.2%	22.6%	22.1%	23.8%	30.9%	17.0%	14.6%	6.0%	-39.8%	8.8%	9.8%	14.8%	9.2%	9.6%	6.9%	7.0%	6.8%	3.7%	11.0%	4.4%	4.38%
Assets 3Y	10.3%	14.4%	13.5%	27.9%	28.7%	31.1%	21.4%	20.2%	21.3%	19.7%	20.4%	20.2%	28.2%	29.7%	36.8%	19.6%	18.8%	18.3%	19.8%	19.3%	19.25%
Assets 5Y	18.8%	17.6%	17.7%	31.1%	31.1%	30.5%	20.5%	21.1%	19.8%	21.3%	20.9%	16.1%	20.6%	22.4%	20.4%	23.1%	23.5%	23.8%	25.1%	25.1%	25.14%
Equity 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Book Value 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Dividend 3Y	-13.6%	-16.6%	-19.1%	-13.5%	-15.9%	-16.0%	-16.1%	-10.9%	-3.9%	1.6%	0.9%	-0.5%	0.2%	-1.1%	-1.0%	-0.6%	-0.5%	-1.8%	-3.7%	-4.6%	-4.65%

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.51	0.55	0.56	0.63	0.64	0.63	0.59	0.63	0.63	0.63	0.67	0.80	0.79	0.70	0.65	0.64	0.64	0.56	0.56	0.67	0.674
Earnings Stability	0.93	0.90	0.91	0.92	0.93	0.86	0.81	0.81	0.70	0.36	0.25	0.30	0.16	0.07	0.02	0.01	0.00	0.00	0.06	0.21	0.207
Margin Stability	0.83	0.81	0.79	0.81	0.82	0.80	0.79	0.84	0.83	0.82	0.81	0.84	0.89	0.90	0.92	0.89	0.84	0.78	0.73	0.75	0.746
Rev. Growth Consistency	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.500
Earn. Growth Consistency	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.000
FCF Positive Streak	1	1	1	1	1	1	1	0	0	1	1	0	0	1	1	0	0	0	1	0	0
Earnings Persistence	0.93	0.99	1.00	0.98	0.99	0.99	0.97	1.00	0.97	0.92	0.91	0.93	0.95	0.95	0.91	0.93	0.89	0.91	0.94	1.00	0.996
Earnings Smoothness	0.84	0.97	1.00	0.94	0.96	0.96	0.93	1.00	0.93	0.77	0.75	0.82	0.88	0.88	0.80	0.85	0.76	0.79	0.87	0.99	0.990
ROE Trend	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Gross Margin Trend	0.03	-0.00	-0.03	-0.07	-0.08	-0.10	-0.09	-0.04	-0.02	0.00	0.00	0.01	0.01	-0.00	-0.03	-0.04	-0.05	-0.06	-0.06	-0.08	-0.079
FCF Margin Trend	0.12	0.10	0.02	-0.09	-0.08	-0.30	-0.33	-0.37	-0.45	-0.08	-0.01	0.11	0.07	-0.00	-0.07	-0.16	-0.06	-0.14	0.02	0.04	0.038
Sustainable Growth Rate	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-2.5%	—	—	-3.0%	-1.8%	—	—
Internal Growth Rate	0.4%	0.3%	0.4%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	1.72	1.69	1.58	1.68	2.23	1.21	1.11	0.78	0.04	1.78	1.97	2.24	2.09	1.45	1.30	1.40	1.52	1.31	2.18	2.17	2.169
FCF/OCF	0.93	0.91	0.88	0.79	0.74	0.24	0.07	-0.34	-22.76	0.55	0.65	0.76	0.54	0.36	0.07	-0.31	-0.16	-0.19	0.29	0.38	0.384
FCF/Net Income	snapshot only																				0.833
OCF/EBITDA	snapshot only																				0.719
CapEx/Revenue	3.0%	3.5%	4.1%	6.4%	9.7%	14.2%	15.1%	15.6%	12.2%	9.8%	8.2%	6.8%	12.6%	14.0%	19.2%	30.5%	30.1%	27.1%	24.8%	17.2%	17.17%
CapEx/Depreciation	snapshot only																				1.429
Accruals Ratio	-0.13	-0.12	-0.10	-0.08	-0.15	-0.03	-0.01	0.02	0.08	-0.06	-0.07	-0.10	-0.08	-0.03	-0.02	-0.03	-0.04	-0.02	-0.08	-0.06	-0.064
Sloan Accruals	snapshot only																				-0.046
Cash Flow Adequacy	snapshot only																				0.750
Earnings Quality Score	snapshot only																				0.750

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	12.1%	12.7%	12.3%	11.1%	10.5%	11.7%	11.1%	9.5%	12.2%	11.8%	12.0%	11.5%	10.7%	10.5%	10.2%	10.4%	9.9%	10.0%	9.0%	8.7%	7.92%
Dividend/Share	$3.67	$3.72	$3.79	$3.85	$3.89	$3.93	$3.97	$4.02	$4.07	$4.13	$4.09	$3.97	$4.11	$4.01	$4.06	$4.24	$4.39	$4.45	$4.46	$4.50	$4.51
Payout Ratio	97.5%	98.1%	97.9%	1.1%	1.1%	1.1%	1.1%	1.1%	1.2%	1.4%	1.5%	1.4%	1.5%	1.4%	1.5%	1.5%	1.4%	1.3%	1.4%	1.6%	1.56%
FCF Payout Ratio	60.8%	63.5%	70.2%	80.2%	65.2%	3.8%	15.2%	—	—	1.4%	1.2%	84.6%	1.3%	2.7%	15.3%	—	—	—	2.2%	1.9%	1.87%
Total Payout Ratio	97.5%	98.1%	97.9%	1.1%	1.1%	1.1%	1.1%	1.1%	1.2%	1.4%	1.5%	1.4%	1.5%	1.4%	1.5%	1.5%	1.5%	1.5%	1.5%	1.6%	1.62%
Div. Increase Streak	1	1	0	1	1	1	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Chowder Number	0.27	0.16	0.06	0.26	0.17	0.18	0.16	0.14	0.17	0.17	0.17	0.19	0.20	0.24	0.30	0.31	0.31	0.26	0.19	0.15	0.146
Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.5%	0.5%	0.8%	0.8%	0.4%	0.4%	0.36%
Net Buyback Yield	-30.2%	0.0%	0.0%	-26.4%	-24.8%	0.0%	0.0%	0.0%	0.0%	0.0%	-8.8%	-8.1%	-7.3%	-15.3%	-7.3%	-7.1%	-6.1%	0.8%	0.4%	0.4%	0.36%
Total Shareholder Return	-18.2%	12.7%	12.3%	-15.4%	-14.3%	11.7%	11.1%	9.5%	12.2%	11.8%	3.3%	3.4%	3.4%	-4.8%	2.9%	3.2%	3.7%	10.8%	9.3%	9.1%	9.10%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.99	0.99	0.99	0.99	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
Interest Burden (EBT/EBIT)	0.78	0.77	0.75	0.72	0.70	0.66	0.61	0.57	0.52	0.47	0.45	0.47	0.46	0.49	0.50	0.49	0.49	0.50	0.47	0.48	0.481
EBIT Margin	0.32	0.31	0.30	0.25	0.24	0.23	0.24	0.26	0.27	0.27	0.27	0.27	0.29	0.31	0.32	0.34	0.35	0.35	0.34	0.27	0.267
Asset Turnover	0.69	0.74	0.80	0.67	0.75	0.79	0.82	0.64	0.62	0.61	0.62	0.63	0.54	0.51	0.46	0.42	0.41	0.42	0.40	0.43	0.427
Equity Multiplier	-8.73	-8.91	-8.65	-11.35	-11.73	-12.18	-11.73	-13.42	-13.21	-12.19	-20.93	-18.34	-19.92	-29.16	73.68	-226.56	-170.36	115.77	68.63	-150.76	-150.760

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$3.77	$3.79	$3.87	$3.61	$3.63	$3.65	$3.60	$3.59	$3.37	$2.89	$2.74	$2.77	$2.75	$2.79	$2.78	$2.85	$3.07	$3.30	$3.17	$2.89	$2.89
Book Value/Share	$-2.41	$-2.39	$-2.45	$-2.68	$-2.63	$-2.54	$-2.69	$-2.97	$-3.19	$-3.71	$-0.96	$-1.09	$-0.96	$0.70	$1.82	$0.60	$0.33	$0.11	$-0.38	$-1.30	$-1.30
Tangible Book/Share	$-5.41	$-6.21	$-6.28	$-10.60	$-10.48	$-11.54	$-11.55	$-11.69	$-11.79	$-11.85	$-8.82	$-8.36	$-7.31	$-5.05	$-5.19	$-6.70	$-4.36	$-4.47	$-4.85	$-5.70	$-5.70
Revenue/Share	$14.98	$16.12	$17.35	$19.62	$22.00	$23.80	$24.63	$24.16	$23.74	$23.39	$23.16	$22.16	$20.90	$18.42	$17.50	$17.21	$18.07	$18.92	$19.79	$22.53	$22.55
FCF/Share	$6.05	$5.86	$5.39	$4.80	$5.97	$1.04	$0.26	$-0.95	$-2.77	$2.86	$3.51	$4.70	$3.12	$1.46	$0.27	$-1.26	$-0.76	$-0.81	$2.00	$2.41	$2.41
OCF/Share	$6.49	$6.42	$6.10	$6.05	$8.11	$4.41	$3.98	$2.82	$0.12	$5.16	$5.40	$6.20	$5.75	$4.04	$3.62	$4.00	$4.68	$4.32	$6.91	$6.28	$6.28
Cash/Share	$0.11	$0.10	$0.06	$0.32	$0.34	$0.18	$0.25	$0.18	$0.10	$0.09	$0.22	$0.11	$0.16	$0.11	$0.04	$0.03	$0.13	$0.20	$0.18	$0.26	$0.26
EBITDA/Share	$5.97	$6.10	$6.27	$6.21	$6.64	$7.16	$7.78	$8.43	$8.64	$8.49	$8.52	$8.22	$8.12	$7.73	$7.48	$7.73	$8.38	$9.00	$9.22	$8.73	$8.73
Debt/Share	$21.26	$21.16	$21.26	$35.48	$33.74	$38.62	$39.66	$40.44	$40.33	$39.40	$36.36	$33.43	$40.43	$36.94	$40.23	$41.52	$0.14	$0.66	$43.45	$45.23	$45.23
Net Debt/Share	$21.15	$21.06	$21.20	$35.16	$33.40	$38.44	$39.41	$40.26	$40.24	$39.31	$36.14	$33.32	$40.27	$36.84	$40.19	$41.50	$0.01	$0.45	$43.27	$44.97	$44.97

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.339
Altman Z-Prime	snapshot only																				1.687
Piotroski F-Score	6	6	6	6	5	5	6	5	5	5	5	6	4	6	5	4	5	5	7	6	6
Beneish M-Score	-3.00	-2.99	-2.32	-1.48	-1.58	-0.60	-1.02	-1.77	-1.02	-2.68	-2.26	-2.77	-3.45	-1.89	-1.92	0.83	-2.32	-2.39	-2.63	-2.38	-2.376
Ohlson O-Score	snapshot only																				-5.977
Net-Net WC	snapshot only																				$-46.39
EVA	snapshot only																				$-48603096.18

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				B-
Credit Score	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	20.00	33.81	32.08	19.33	48.49	38.07	20.00	20.00	20.000
Credit Grade	snapshot only																				16
Credit Trend	snapshot only																				0.672
Implied Spread (bps)	snapshot only																				900.000
Industry Credit Rank	snapshot only																				21
Sector Credit Rank	snapshot only																				16

DKL NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Workforce & Productivity

Scaling Efficiency

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