HF Sinclair (DINO) Operating Margin (2021 - 2026)
HF Sinclair (DINO) recorded Operating Margin of 24.61% in Q3 2026, up 16.83 percentage points from 7.78% a year earlier and up 13.37 percentage points from the prior quarter.
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Analysis
HF Sinclair (DINO) Operating Margin (2021 - 2026) Analysis & Trends
On a TTM basis, HF Sinclair's Operating Margin came in at 13.48% as of Sep 30, 2026, up 10.90 percentage points year-over-year; for FY2025, it was 3.45%, up 2.54 percentage points from FY2024.
- Annual Operating Margin has a five-year change of +10.01 percentage points (FY2020 to FY2025).
- Across earlier years, Operating Margin came in at 0.91% in FY2024 (-5.98 pp), 6.89% in FY2023 (-3.72 pp), 10.61% in FY2022 (+6.54 pp) and 4.07% in FY2021 (+10.63 pp).
- The Q3 2026 figure is the highest quarterly Operating Margin in data going back to Q1 2021.
- On a year-over-year basis, Operating Margin has increased for six consecutive quarters, with an average year-over-year change of +5.27 percentage points over the last eight quarters.
- Peak year-over-year performance for Operating Margin in the last five years was a gain of 16.83 percentage points in Q3 2026, against a drop of 13.71 percentage points in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 11.24% (Q2 2026), 11.89% (Q1 2026) and 0.11% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marathon Petroleum | 125.20 Bn | 108.95 Bn | 9.27 Bn | 13.99% |
| 2 | Valero Energy | 109.03 Bn | 80.89 Bn | 9.41 Bn | 19.68% |
| 3 | HF Sinclair | 19.74 Bn | 12.02 Bn | 3.15 Bn | 24.61% |
| 4 | Sunoco | 9.45 Bn | 3.83 Bn | 1.46 Bn | 4.09% |
| 5 | PBF Energy | 8.92 Bn | 8.92 Bn | - | - |
| 6 | Ultrapar Holdings | 6.08 Bn | -1.15 Bn | 912.61 Mn | 7.25% |
| 7 | Cvr Energy | 5.64 Bn | 3.21 Bn | 117.00 Mn | 2.85% |
| 8 | Delek US Holdings | 4.32 Bn | 1.81 Bn | 365.10 Mn | 7.40% |
| 9 | Bw Lpg | 3.57 Bn | 2.55 Bn | - | - |
| 10 | Par Pacific Holdings | 3.49 Bn | 2.81 Bn | 852.68 Mn | 21.37% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 24.61% |
| Jun 30, 2026 | 11.24% |
| Mar 31, 2026 | 11.89% |
| Dec 31, 2025 | 0.11% |
| Sep 30, 2025 | 7.78% |
| Jun 30, 2025 | 4.05% |
| Mar 31, 2025 | 1.27% |
| Dec 31, 2024 | -3.48% |
| Sep 30, 2024 | -1.68% |
| Jun 30, 2024 | 2.51% |
| Mar 31, 2024 | 5.85% |
| Dec 31, 2023 | -1.00% |
| Sep 30, 2023 | 12.03% |
| Jun 30, 2023 | 8.99% |
| Mar 31, 2023 | 6.66% |
| Dec 31, 2022 | 9.20% |
| Sep 30, 2022 | 12.53% |
| Jun 30, 2022 | 14.93% |
| Mar 31, 2022 | 3.12% |
| Dec 31, 2021 | -0.36% |
API Access
HF Sinclair Operating 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=operating-margin&ticker=DINO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=DINO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();