HF Sinclair (DINO) Gross Margin (2021 - 2026)
HF Sinclair's Gross Margin was 29.03% in Q3 2026, up 16.58 percentage points from 12.45% a year earlier and up 13.89 percentage points from the prior quarter.
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Analysis
HF Sinclair (DINO) Gross Margin (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, HF Sinclair's Gross Margin was 18.01% through Sep 30, 2026, up 10.35 percentage points year-over-year; for FY2025, it was 8.56%, up 3.12 percentage points from FY2024.
- Gross Margin shows a five-year change of -8.84 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 5.45% in FY2024 (-5.41 pp), 10.86% in FY2023 (-2.59 pp), 13.45% in FY2022 (-1.90 pp) and 15.35% in FY2021 (-2.06 pp).
- The Q3 2026 figure marks the highest quarterly Gross Margin in data going back to Q1 2021.
- Compared with a year earlier, Gross Margin has increased for six straight quarters, with an average year-over-year change of +5.39 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q3 2026 (a gain of 16.58 percentage points); the worst was Q4 2022 (a drop of 18.29 percentage points).
- Per Business Quant data, DINO's Gross Margin in the three quarters before Q3 2026 was 15.14% (Q2 2026), 16.72% (Q1 2026) and 5.55% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 125.20 Bn | 108.95 Bn | 9.27 Bn | 17.72% |
| 2 | Valero Energy | 109.03 Bn | 80.89 Bn | 9.41 Bn | 20.41% |
| 3 | HF Sinclair | 19.74 Bn | 12.02 Bn | 3.15 Bn | 29.03% |
| 4 | Sunoco | 9.45 Bn | 3.83 Bn | 1.46 Bn | 10.27% |
| 5 | PBF Energy | 8.92 Bn | 8.92 Bn | - | - |
| 6 | Ultrapar Holdings | 6.08 Bn | -1.15 Bn | 912.61 Mn | 11.12% |
| 7 | Cvr Energy | 5.64 Bn | 3.21 Bn | 117.00 Mn | 4.27% |
| 8 | Delek US Holdings | 4.32 Bn | 1.81 Bn | 365.10 Mn | 8.93% |
| 9 | Bw Lpg | 3.57 Bn | 2.55 Bn | - | - |
| 10 | Par Pacific Holdings | 3.49 Bn | 2.81 Bn | 852.68 Mn | 28.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 29.03% |
| Jun 30, 2026 | 15.14% |
| Mar 31, 2026 | 16.72% |
| Dec 31, 2025 | 5.55% |
| Sep 30, 2025 | 12.45% |
| Jun 30, 2025 | 9.20% |
| Mar 31, 2025 | 6.51% |
| Dec 31, 2024 | 1.85% |
| Sep 30, 2024 | 3.01% |
| Jun 30, 2024 | 6.46% |
| Mar 31, 2024 | 10.13% |
| Dec 31, 2023 | 3.72% |
| Sep 30, 2023 | 15.62% |
| Jun 30, 2023 | 13.03% |
| Mar 31, 2023 | 18.68% |
| Dec 31, 2022 | -6.48% |
| Sep 30, 2022 | 20.82% |
| Jun 30, 2022 | 22.82% |
| Mar 31, 2022 | 12.83% |
| Dec 31, 2021 | 11.82% |
API Access
HF Sinclair Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=DINO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "DINO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=DINO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();