Delek US Holdings (HAM:DEH) Gross Margin %: -5.12% (As of Mar. 2026)


HAM:DEH Delek US Holdings Inc HAM:DEH
52 GF Score
Price €46.34
GF Value €17.62
! 8 Warning Signs
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What is Delek US Holdings Gross Margin %?

Delek US Holdings HAM:DEH +0.61% 52 Gross Margin % is -5.12% as of Mar. 2026. GuruFocus rates HAM:DEH with a GF Score™ of 52/100 and a GF Value™ of €17.62. The stock has 8 warning signs investors should review. Among 869 Oil & Gas companies, Delek US Holdings ranks worse than 88.38% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Delek US Holdings's Gross Profit for the three months ended in Mar. 2026 was €-118 Mil. Delek US Holdings's Revenue for the three months ended in Mar. 2026 was €2,295 Mil. Therefore, Delek US Holdings's Gross Margin % for the quarter that ended in Mar. 2026 was -5.12%.


The historical rank and industry rank for Delek US Holdings's Gross Margin % or its related term are showing as below:

HAM:DEH' s Gross Margin % Range Over the Past 10 Years
Min: -3.93   Med: 3.48   Max: 9.32
Current: 4.87


During the past 13 years, the highest Gross Margin % of Delek US Holdings was 9.32%. The lowest was -3.93%. And the median was 3.48%.

HAM:DEH's Gross Margin % is ranked worse than
88.38% of 869 companies
in the Oil & Gas industry
Industry Median: 25.7 vs HAM:DEH: 4.87

Delek US Holdings had a gross margin of -5.12% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Delek US Holdings was 0.00% per year.


Delek US Holdings  (HAM:DEH) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Delek US Holdings had a gross margin of -5.12% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Delek US Holdings Gross Margin % Related Terms


Delek US Holdings Gross Margin % Historical Data

* Premium members only.

The historical data trend for Delek US Holdings's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Delek US Holdings Gross Margin % Chart

Delek US Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.12 3.72 3.23 -0.57 5.49

Delek US Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.65 1.65 13.59 9.08 -5.12

HAM:DEH vs PARR, CVI, DKL: Gross Margin % Comparison

For the Oil & Gas Refining & Marketing subindustry, Delek US Holdings's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Delek US Holdings Gross Margin % vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Delek US Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Delek US Holdings's Gross Margin % falls into.


HAM:DEH
52GF Score
Delek US Holdings Inc HAM:DEH
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Delek US Holdings Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Delek US Holdings's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=502.7 / 9157.357
=(Revenue - Cost of Goods Sold) / Revenue
=(9157.357 - 8654.693) / 9157.357
=5.49 %

Delek US Holdings's Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=-117.6 / 2294.931
=(Revenue - Cost of Goods Sold) / Revenue
=(2294.931 - 2412.484) / 2294.931
=-5.12 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of -5.12% mean?
Delek US Holdings (HAM:DEH) has a Gross Margin % of -5.12% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Delek US Holdings and its competitors. According to the industry distribution chart, Delek US Holdings ranks #768 out of 869 companies in the Oil & Gas industry, placing it in the top 88.4%.
Is Delek US Holdings' Gross Margin % too high?
Delek US Holdings' current Gross Margin % is -5.12%. Based on the distribution chart, Delek US Holdings ranks #768 out of 869 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Delek US Holdings has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does Delek US Holdings' Gross Margin % compare to PARR and CVI?
According to the Oil & Gas industry distribution chart, Delek US Holdings ranks #768 out of 869 companies for Gross Margin %. This places Delek US Holdings in the lower half of its industry. The industry median Gross Margin % is 25.70. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.70, based on 869 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Delek US Holdings and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delek US Holdings's current Gross Margin % is -5.12%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delek US Holdings stock overvalued right now?
Delek US Holdings (HAM:DEH) has a current Gross Margin % of -5.12%. The stock's GF Value™ is €17.62, compared to a current price of €46.34 — trading 163% above its estimated fair value. The current Gross Margin % is -5.12%. Delek US Holdings' overall GF Score™ is 52/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Delek US Holdings (HAM:DEH), the current Gross Margin % is -5.12% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Delek US Holdings (HAM:DEH) Overvalued in 2026?

Based on GuruFocus' analysis, Delek US Holdings stock appears to be overvalued. The current stock price of €46.34 is trading 163% above its estimated GF Value™ of €17.62.

Key valuation signals for HAM:DEH:

  • Gross Margin %: -5.12%
  • GF Value™: €17.62 vs. price of €46.34 (163% above fair value)
  • GF Score™: 52/100 with 8 warning signs

No single metric tells the full story. See the HAM:DEH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Delek US Holdings Business Description

Industry EnergyOil & Gas
Other Exchanges DK:USADEH:Germany
Address 310 Seven Springs Way, Suite 500, Brentwood, TN, USA, 37027
Delek US Holdings Inc is an integrated energy business focused on petroleum refining, transportation and storage; wholesale crude oil, intermediate, and refined products, and convenience stores retailing. The company owns and operates independent refineries that produce a variety of petroleum products for transportation and industrial markets in the United States. It has three segments: Refining segment and Logistics segment and retail segment. The logistics segment generates revenue through gathering, transporting, and storing crude oil and intermediate products, as well as by marketing, storing, and distributing refined products. The company also offers a collection of retail fuel and convenience stores operating in the Southeast region of the United States.
52GF Score

Get the complete analysis for HAM:DEH

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€46.34
Price
€17.62
GF Value