HF Sinclair Corporation (DINO) Income Statement
DINO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsDINO revenue and net income
Where DINO's revenue goes
2025Each bar shows an amount and its share of revenue. DINO kept 2.2% of revenue as net income.
DINO profit margins
DINO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −6.0% | −11.1% | +19.2% | +7.3% |
| Gross profit | −56.6% | −41.1% | +16.5% | −5.4% |
| Operating income | +258.6% | −38.7% | — | −2.8% |
| Net income | +227.1% | −41.7% | — | −2.4% |
| EPS (diluted) | +417.3% | −28.9% | — | +0.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
DINO quarterly EPS vs estimates
HF Sinclair beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 28, 2026 (estimate $7.82).
DINO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $26.87B | $28.58B | $31.96B | $38.20B | $18.39B | $11.18B | $17.49B | $17.71B | $14.25B | $10.54B |
| Cost of revenue | $25.48B | $25.37B | $26.83B | $31.39B | $15.76B | $10.53B | $15.19B | $14.51B | $11.77B | $8.84B |
| Gross profit | $1.39B | $3.21B | $5.14B | $6.82B | $2.63B | $649.9M | $2.29B | $3.20B | $2.48B | $1.70B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $456.0M | $447.0M | $450.0M | $426.5M | $362.0M | $314 | $354.2M | $290.4M | $264.9M | $125.6M |
| Total operating expenses | $456.0M | $2.95B | $2.94B | $2.76B | $1.88B | $1.38B | $1.02B | $1.58B | $1.56B | $1.14B |
| Operating income | $936.0M | $261.0M | $2.20B | $4.05B | $749.2M | −$733.7M | $1.28B | $1.62B | $903.9M | −$102.6M |
| Interest income | $42.0M | $75.0M | $79.6M | $30.2M | $111.7M | $110.0M | $22.1M | $16.9M | $3.7M | $2.5M |
| Interest expense | $217.0M | $165.0M | $190.8M | $175.6M | $125.2M | $126.5M | $143.3M | $131.4M | $117.6M | $72.2M |
| Income before taxes | $732.0M | $218.0M | $2.15B | $3.94B | $787.2M | −$747.0M | $1.17B | $1.52B | $868.9M | −$171.5M |
| Income taxes | $146.0M | $34.0M | $441.6M | $894.9M | $123.9M | −$232.1M | $299.2M | $347.2M | −$12.4M | $19.4M |
| Net income | $579.0M | $177.0M | $1.59B | $2.92B | $558.3M | −$601.4M | $772.4M | $1.10B | $805.4M | −$260.5M |
| EBITDA | $1.86B | $1.22B | $3.11B | $4.77B | $1.42B | −$99.6M | $1.82B | $2.09B | $1.40B | $263.2M |
| EPS (diluted) | $5.07 | $0.98 | $9.53 | $14.13 | $1.51 | −$0.87 | $4.88 | $6.45 | $2.24 | $0.54 |
| Gross margin | 5.2% | 11.2% | 16.1% | 17.8% | 14.3% | 5.8% | 13.1% | 18.1% | 17.4% | 16.1% |
| Operating margin | 3.5% | 0.9% | 6.9% | 10.6% | 4.1% | −6.6% | 7.3% | 9.2% | 6.3% | −1.0% |
| Net margin | 2.2% | 0.6% | 5.0% | 7.6% | 3.0% | −5.4% | 4.4% | 6.2% | 5.7% | −2.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.39B | $7.12B | $6.46B | $7.25B | $6.78B | $6.37B | $6.50B | $7.21B | $7.85B | $7.03B | $7.66B | $8.91B |
| Cost of revenue | $9.04B | $6.10B | $6.33B | $5.76B | $6.39B | $6.18B | $5.94B | $6.57B | $6.95B | $5.91B | $6.96B | $7.09B |
| Gross profit | $1.34B | $1.02B | $131.0M | $1.49B | $398.0M | $190.0M | $557.8M | $636.8M | $893.1M | $1.12B | $702.8M | $1.82B |
| Sales, general & admin | — | $115.0M | $133.0M | $105.0M | $114.0M | $104.0M | $120.8M | $118.0M | $104.9M | $103.4M | $150.7M | $124.2M |
| Total operating expenses | $130.0M | $115.0M | $133.0M | $929.0M | $123.0M | $109.0M | $783.8M | $757.6M | $696.2M | $710.5M | $780.2M | $746.7M |
| Operating income | $1.22B | $907.0M | −$2.0M | $564.0M | $275.0M | $81.0M | −$226.0M | −$120.7M | $196.9M | $410.8M | −$77.4M | $1.07B |
| Interest income | — | $10.0M | $15.0M | $11.0M | $7.0M | $9.0M | $16.0M | $18.3M | $18.5M | $22.2M | $31.4M | $24.6M |
| Interest expense | $20.0M | $44.0M | $74.0M | $51.0M | $43.0M | $49.0M | $38.5M | $40.4M | $45.4M | $40.7M | $49.3M | $48.7M |
| Income before taxes | $1.17B | $839.0M | −$41.0M | $528.0M | $246.0M | −$1.0M | −$230.2M | −$131.3M | $177.5M | $402.1M | −$72.7M | $1.06B |
| Income taxes | $279.0M | $191.0M | −$14.0M | $123.0M | $36.0M | $1.0M | −$18.2M | −$57.3M | $24.0M | $85.5M | −$39.0M | $235.0M |
| Net income | $892.0M | $648.0M | −$28.0M | $403.0M | $208.0M | −$4.0M | −$213.5M | −$75.9M | $151.8M | $314.7M | −$62.2M | $790.9M |
| EBITDA | $1.44B | $1.11B | $261.0M | $809.0M | $520.0M | $273.0M | $26.5M | $118.8M | $428.2M | $641.5M | $188.3M | $1.30B |
| EPS (diluted) | $5.31 | $0.69 | $1.20 | $2.44 | $1.70 | −$0.27 | −$1.02 | $0.51 | $0.78 | $0.71 | $0.87 | $4.06 |
| Gross margin | 12.9% | 14.3% | 2.0% | 20.6% | 5.9% | 3.0% | 8.6% | 8.8% | 11.4% | 16.0% | 9.2% | 20.4% |
| Operating margin | 11.7% | 12.7% | −0.0% | 7.8% | 4.1% | 1.3% | −3.5% | −1.7% | 2.5% | 5.8% | −1.0% | 12.0% |
| Net margin | 8.6% | 9.1% | −0.4% | 5.6% | 3.1% | −0.1% | −3.3% | −1.1% | 1.9% | 4.5% | −0.8% | 8.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in DINO's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
DINO financial results
In fiscal year 2025 (ended December 31, 2025), HF Sinclair reported revenue of $26.9 billion, down 6.0% from the year before. It had net income of $579.0 million (up 227.1%), a net profit margin of 2.2%. Diluted earnings per share came to $5.07. Over five years revenue grew at an average rate of 19.2% a year.
See the DINO stock overview for the latest quote and news, or the DINO chart for price history and technical indicators.
DINO income statement FAQ
What is HF Sinclair's annual revenue?
HF Sinclair reported total revenue of $26.9 billion for fiscal year 2025, which ended on December 31, 2025. That was down 6.0% from $28.6 billion the previous year.
Is HF Sinclair profitable?
Yes. HF Sinclair reported net income of $579.0 million in fiscal 2025, a net profit margin of 2.2%; its operating margin was 3.5%.
What is HF Sinclair's gross margin?
HF Sinclair's gross margin was 5.2% in fiscal 2025: for every $100 of revenue, HF Sinclair kept $5 after the direct cost of its products and services.
How fast is HF Sinclair growing?
Revenue grew 19.2% a year on average over the last five fiscal years, from $11.2 billion to $26.9 billion.
What are HF Sinclair's earnings per share?
HF Sinclair earned $5.07 per diluted share in fiscal 2025, compared with $0.98 a year earlier.
When will HF Sinclair report its next earnings?
HF Sinclair is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 before the market opens.
When does HF Sinclair's fiscal year end?
HF Sinclair's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.