# HF Sinclair Corporation (DINO) — Stock CV

HF Sinclair Corporation is a $21.6B industrial company. Revenue grew 16.3% over the last year, it keeps 6¢ of every dollar of sales as profit, and its net debt equals ~0.8 years of free cash flow. It trades at 11.3× earnings — in the most expensive third of its own history.

> HF Sinclair is an integrated petroleum refiner that owns and operates seven refineries serving the Rockies, midcontinent, Southwest, and Pacific Northwest, with a total crude oil throughput capacity of 678,000 barrels per day. It can produce 380 million gallons of renewable diesel annually.

## Identity

- **Ticker**: DINO
- **Sector**: Industrials
- **Industry**: Pipe Lines (No Natural Gas)
- **Headquarters**: DALLAS, TX
- **Employees**: 5 165
- **Website**: https://www.hfsinclair.com
- **Market cap**: $21.6B
- **Last price**: $121.45
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $31.2B
- **Net income**: $1.92B
- **Free cash flow**: $2.31B
- **Net debt**: $1.79B
- **P/E**: 11.3
- **Revenue growth (YoY)**: 16.3%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 80 |
| Growth | 43 |
| Profitability | 50 |
| Health | 40 |
| Quality | 90 |
| Moat | 36 |

## Qualifications (beginner checklist) — 8 of 11 passed

- [x] Revenue growing — +16.3% YoY
- [x] Profitable — $1.92B TTM
- [ ] Profit growing — -40.0% YoY
- [x] Generates cash — $2.31B TTM
- [x] Debt under control — ~0.8y of cash flow to repay
- [x] Established company — $21.6B market cap
- [ ] Not printing shares — +14.4% shares over ~5y
- [x] Proven track record — 5/5 profitable years
- [ ] Financially stable — health score 28/100
- [x] Pays a dividend — yield 1.70%
- [x] Valuation not extreme — P/E 11.3

## Experience (career milestones)

- **Q2 2026** — 2 open-market insider purchases: ~17K shares bought by insiders
- **2023** — The succeeding company, HF Sinclair Corporation, finalized the merger in December 2023
- **FY2022** — Best year on record: $2.92B net income
- **FY2021** — Profitable every year on record: 5 consecutive profitable years in our data
- **FY2021** — Revenue already above $10B: $18.4B in first reported year
- **2019** — HollyFrontier acquired Sonneborn, a manufacturer of food grade white mineral oils and waxes in…
- **2017** — The company acquired Suncor Energy's Petro-Canada Lubricants unit in Mississauga, Ontario, Canada…
- **2009** — Holly Corporation acquired 2 refineries in Tulsa, Oklahoma: one from Sinclair Oil Corporation for $128…
- **2003** — Frontier Oil agreed to acquire Holly but Holly later cancelled the merger, leading to litigation
- **1947** — General Appliance Corporation incorporated in 1947 and changed its name to Holly Corporation in 1952

## Strengths

- Revenue growing 16.3% year over year

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $18.4B | $551M | -$407M |
| FY2022 | $38.2B | $2.92B | $3.29B |
| FY2023 | $32.0B | $1.59B | $1.94B |
| FY2024 | $28.6B | $177M | $640M |
| FY2025 | $26.9B | $579M | $866M |

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Source: https://stockcv.com/DINO — derived from company filings; may be delayed or incomplete. Information, not investment advice.