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.
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 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
| 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% |
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_KEY
import 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();