DINO financial statements

The full income statement, balance sheet, and cash-flow statement for HF Sinclair Corporation (DINO), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-06 190.8M2024-09 188.2M2024-12 188.4M2025-03 188.4M2025-06 187.1M2025-09 183.9M2025-12 180.3M2026-03 180.3M2026-06 177.8M-6.8% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	26.9B YoY-6.0%	28.6B YoY-10.6%	32.0B YoY-16.3%	38.2B YoY+107.8%	18.4B YoY+64.4%
Cost of revenue	—	—	25.8B YoY-16.0%	30.7B YoY+97.1%	15.6B YoY+70.0%
	—	—	2.44B YoY+4.4%	2.33B YoY+53.9%	1.52B YoY+16.7%
Selling, general & administrative	456M YoY+2.0%	447M YoY-10.1%	497M YoY+16.4%	427M YoY+18.0%	362M YoY+15.4%
Amortization of intangibles	55.0M YoY+0.0%	55.0M YoY+0.0%	55.0M YoY+7.8%	51.0M YoY+43.3%	35.6M YoY+4.4%
Operating income	927M YoY+255.2%	261M YoY-88.2%	2.20B YoY-45.7%	4.05B YoY+441.1%	749M YoY+202.1%
Interest expense	217M YoY+31.5%	165M YoY-13.5%	191M YoY+8.6%	176M YoY+40.3%	125M YoY-1.1%
Interest & investment income	42.0M YoY-44.0%	75.0M YoY-20.2%	94.0M YoY+213.3%	30.0M YoY+646.5%	4.02M YoY-47.3%
Other non-operating income	-53.0M YoY-453.3%	15.0M YoY-50.0%	30.0M YoY+7.1%	28.0M YoY-26.2%	38.0M YoY+385.4%
Equity-method income	33.0M YoY+3.1%	32.0M YoY+88.2%	17.0M	0.00 YoY-100.0%	12.4M YoY+87.0%
Pre-tax income	732M YoY+235.8%	218M YoY-89.9%	2.15B YoY-45.3%	3.94B YoY+400.0%	787M YoY+205.4%
Income tax	146M YoY+329.4%	34.0M YoY-92.3%	442M YoY-50.6%	895M YoY+622.4%	124M YoY+153.4%
	579M YoY+227.1%	177M YoY-88.9%	1.59B YoY-45.6%	2.92B YoY+423.5%	558M YoY+192.8%
Net income to non-controlling interest	7.00M YoY+0.0%	7.00M YoY-94.2%	121M YoY+2.5%	118M YoY+12.5%	105M YoY+21.2%
Net income to common	574M YoY+228.0%	175M YoY-88.9%	1.58B YoY-45.5%	2.89B YoY+425.2%	551M YoY+191.3%
	$3.08 YoY+238.5%	$0.91 YoY-89.0%	$8.29 YoY-41.9%	$14.28 YoY+321.2%	$3.39 YoY+191.1%
EPS (basic)	$3.08 YoY+238.5%	$0.91 YoY-89.0%	$8.29 YoY-41.9%	$14.28 YoY+321.2%	$3.39 YoY+191.1%
	186M YoY-2.9%	192M YoY+1.1%	190M YoY-6.2%	203M YoY+24.6%	163M YoY+0.4%
	186M YoY-2.9%	192M YoY+1.1%	190M YoY-6.2%	203M YoY+24.6%	163M YoY+0.4%
Dividends per share	$2.00 YoY+0.0%	$2.00 YoY+11.1%	$1.80 YoY+50.0%	$1.20 YoY-14.3%	$1.40 YoY+0.0%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	4.81B YoY-4.0%	5.01B YoY-18.4%	6.15B YoY-8.9%	6.75B YoY+79.4%	3.76B
Cash & equivalents	978M YoY+22.3%	800M YoY-40.9%	1.35B YoY-18.7%	1.67B YoY+610.2%	234M YoY-82.9%
Accounts receivable	1.14B YoY-9.2%	1.25B YoY-27.5%	1.73B YoY+1.3%	1.70B YoY+37.1%	1.24B
Inventory	2.57B YoY-8.0%	2.80B YoY-4.2%	2.92B YoY-9.1%	3.21B YoY+51.5%	2.12B
Other current assets	78.0M YoY-17.9%	95.0M YoY+6.7%	89.0M YoY-20.5%	112M YoY+68.2%	66.6M
	16.5B YoY-0.8%	16.6B YoY-6.1%	17.7B YoY-2.3%	18.1B YoY+40.3%	12.9B
Operating lease right-of-use	349M YoY-1.7%	355M YoY+2.0%	348M YoY-0.9%	351M YoY-11.4%	396M
Goodwill	2.98B YoY+0.0%	2.98B YoY-0.0%	2.98B YoY+0.0%	2.98B YoY+29.9%	2.29B
Intangible assets	301M YoY-14.2%	351M YoY-14.6%	411M YoY-11.4%	464M YoY+55.1%	299M
Other non-current assets	4.82B YoY+2.1%	4.72B YoY+2.6%	4.59B YoY+5.9%	4.34B YoY+29.7%	3.34B
	2.48B YoY-18.3%	3.04B YoY+9.7%	2.77B YoY-14.5%	3.25B YoY+57.1%	2.07B
Accounts payable	1.90B YoY-14.9%	2.24B YoY+1.4%	2.21B YoY-5.5%	2.33B YoY+44.7%	1.61B
Accrued liabilities	493M YoY+30.8%	377M YoY-16.8%	453M YoY-6.9%	487M YoY+53.9%	316M
Short-term & current debt	0.00 YoY-100.0%	350M	0.00 YoY-100.0%	307M	0.00
Current lease liability	85.0M YoY+10.4%	77.0M YoY-28.0%	107M YoY-2.7%	110M YoY-0.6%	111M
Finance lease liability (current)	14.0M YoY+27.3%	11.0M YoY+0.0%	11.0M YoY+2.6%	10.7M YoY+2.0%	10.5M
	7.26B YoY-0.5%	7.30B YoY-2.4%	7.48B	—	—
Long-term debt	2.77B YoY+21.0%	2.29B YoY-16.5%	2.74B YoY-7.1%	2.95B YoY-4.0%	3.07B
Non-current lease liability	289M YoY-4.0%	301M YoY+20.9%	249M YoY-2.1%	254M YoY-17.7%	309M
Operating lease liability (total)	374M YoY-1.1%	378M YoY+6.2%	356M YoY-2.2%	364M YoY-13.2%	419M
Finance lease liability (total)	89.0M YoY+8.5%	82.0M YoY-4.7%	86.0M YoY+40.8%	61.1M YoY-8.9%	67.1M
Finance lease liability	75.0M YoY+5.6%	71.0M YoY-5.3%	75.0M YoY+48.9%	50.4M YoY-11.0%	56.6M
Deferred tax liabilities	1.24B YoY+1.3%	1.22B YoY-5.6%	1.30B YoY+2.8%	1.26B YoY+50.7%	837M
Other non-current liabilities	478M YoY+8.4%	441M YoY+5.3%	419M YoY+5.4%	397M YoY+17.7%	338M
	9.18B YoY-1.0%	9.28B YoY-8.8%	10.2B YoY+10.0%	9.24B YoY+62.5%	5.69B YoY-0.6%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	2.00M YoY+0.0%	2.00M YoY+0.0%	2.00M YoY-10.4%	2.23M YoY-12.8%	2.56M
Additional paid-in capital	6.01B YoY+0.2%	6.00B YoY+0.1%	5.99B YoY-7.3%	6.47B YoY+53.3%	4.22B
Retained earnings	5.37B YoY+3.9%	5.17B YoY-3.9%	5.38B YoY+30.2%	4.13B YoY-6.4%	4.41B
Treasury stock	2.17B YoY+17.8%	1.84B YoY+54.5%	1.19B YoY-10.6%	1.34B YoY-54.8%	2.95B
Accumulated other comprehensive income	-26.0M YoY+44.7%	-47.0M YoY-291.7%	-12.0M YoY+45.5%	-22.0M YoY-924.1%	2.67M
Non-controlling interest	65.0M YoY-4.4%	68.0M YoY+0.0%	68.0M YoY-91.2%	774M YoY+27.6%	607M
Total equity incl. non-controlling	9.25B YoY-1.0%	9.35B YoY-8.7%	10.2B YoY+2.2%	10.0B YoY+59.1%	6.29B YoY+10.0%
Total liabilities & equity	16.5B YoY-0.8%	16.6B YoY-6.1%	17.7B YoY-2.3%	18.1B YoY+40.3%	12.9B
	223M YoY+0.0%	223M YoY+0.0%	223M YoY+0.0%	223M YoY-12.8%	256M
	—	—	—	—	163M YoY+0.4%
	180M YoY-4.3%	188M YoY-5.1%	199M YoY+1.2%	196M	—
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.31B YoY+18.5%	1.11B YoY-51.7%	2.30B YoY-39.2%	3.78B YoY+828.7%	407M YoY-11.2%
Depreciation & amortization	909M YoY+9.3%	832M YoY+7.9%	771M YoY+17.4%	657M YoY+30.5%	504M YoY-3.3%
Intangible amortization	55.0M YoY+0.0%	55.0M YoY+0.0%	55.0M YoY+7.8%	51.0M YoY+43.3%	35.6M YoY+4.4%
Share-based compensation	33.0M YoY+43.5%	23.0M YoY-43.9%	41.0M YoY+32.3%	31.0M YoY-21.1%	39.3M YoY+24.1%
Deferred income taxes	7.00M YoY+114.3%	-49.0M YoY-125.4%	193M YoY+264.2%	53.0M YoY-58.8%	129M YoY+172.8%
Change in receivables	-123M YoY+73.4%	-463M YoY-2823.5%	17.0M YoY+325.0%	4.00M YoY-99.3%	614M YoY+341.2%
Change in inventory	171M YoY+223.9%	-138M YoY-360.0%	-30.0M YoY-113.4%	224M YoY-35.0%	345M YoY+249.7%
Change in payables	-345M YoY-1480.0%	25.0M YoY+122.9%	-109M YoY-156.2%	194M YoY-68.3%	612M YoY+353.3%
	-516M YoY-10.3%	-468M YoY-26.1%	-371M YoY+52.1%	-774M YoY+41.7%	-1.33B YoY-302.0%
Capital expenditure	449M YoY-4.5%	470M YoY+22.1%	385M YoY-26.5%	524M YoY-27.7%	725M YoY+167.7%
Free cash flow	866M YoY+35.3%	640M YoY-66.5%	1.91B YoY-41.2%	3.25B YoY+1121.7%	-318M YoY-270.2%
Acquisitions	0.00	0.00	0.00 YoY-100.0%	251M YoY-59.8%	624M
Other investing activities	1.00M YoY-50.0%	2.00M YoY-33.3%	3.00M	—	—
	-631M YoY+46.6%	-1.18B YoY+47.3%	-2.24B YoY-43.8%	-1.56B YoY-637.0%	-212M YoY-160.0%
Long-term debt issued	1.89B	0.00	0.00 YoY-100.0%	400M	0.00 YoY-100.0%
Long-term debt repaid	0.00	0.00 YoY-100.0%	308M YoY+643.2%	41.4M	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	354M YoY-47.3%	672M YoY-32.7%	999M YoY-27.2%	1.37B YoY+19338.9%	7.06M YoY-7.6%
Dividends paid	376M YoY-2.6%	386M YoY+13.2%	341M YoY+33.2%	256M YoY+344.0%	57.7M YoY-74.9%
Other financing activities	-3.00M	0.00	0.00 YoY+100.0%	-3.00M YoY-3.8%	-2.89M YoY-573.9%
FX effect on cash	10.0M YoY+171.4%	-14.0M YoY-300.0%	7.00M YoY+163.6%	-11.0M YoY-617.1%	-1.53M YoY-171.0%
Net change in cash	178M YoY+132.1%	-554M YoY-78.1%	-311M YoY-121.7%	1.43B YoY+226.2%	-1.13B YoY-334.7%
Interest paid	139M YoY-15.2%	164M YoY-19.2%	203M YoY+26.9%	160M YoY+17.3%	136M YoY+13.4%
Income taxes paid	51.0M YoY-53.6%	110M YoY-56.2%	251M YoY-69.2%	816M YoY+4229.6%	-19.8M YoY-136.4%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	8.31B YoY+25.8%	6.60B YoY-33.9%	9.98B YoY-4.1%	10.4B YoY+94.9%	5.34B YoY+27.3%
P/E	14.3× YoY-61.5%	37.3× YoY+736.8%	4.5× YoY-1.7%	4.5× YoY-52.6%	9.6×
P/S	0.3× YoY+33.8%	0.2× YoY-23.0%	0.3× YoY+0.3%	0.3× YoY+2.9%	0.3× YoY-22.6%
P/B	0.9× YoY+27.1%	0.7× YoY-30.0%	1.0× YoY-12.0%	1.2× YoY+23.0%	0.9× YoY+28.0%
P/FCF	9.6× YoY-7.0%	10.3× YoY+166.9%	3.9× YoY-29.9%	5.5×	—
	7.0% YoY+160.0%	2.7% YoY-88.0%	22.4% YoY+1.7%	22.0% YoY+111.0%	10.4%
	10.4% YoY+7.6%	9.7% YoY-62.5%	25.9% YoY+42.6%	18.1%	—
	4.3% YoY-23.9%	5.7% YoY+76.2%	3.2% YoY+40.1%	2.3% YoY-45.9%	4.3% YoY-21.1%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: DINO's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all DINO filings on SEC EDGAR → Not investment advice.