DKL vs MPLX
Delek Logistics Partners, LP and Mplx LP, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | DKL | MPLX |
|---|---|---|
| Revenue | $1.0B | $13.0B |
| Net income | $176.5M | $5.0B |
| Gross margin | 21.2% | · |
| Net margin | 17.4% | 38.1% |
| Return on equity | · | · |
| Diluted EPS | · | · |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | $-30.6M | $4.1B |
| Equity | · | · |
| Net debt / equity | · | · |
| Current ratio | 1.12× | 1.23× |
| Revenue CAGR 5y | 12.5% | 11.4% |
| Profit CAGR 5y | 2.1% | · |
MPLX bills 12.8× the revenue of DKL, and keeps more of each dollar of revenue as profit (38.1% against 17.4%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | DKL | MPLX |
|---|---|---|
| FY2025 | $1.0B | $13.0B |
| FY2024 | $940.6M | $11.9B |
| FY2023 | $1.0B | $11.3B |
| FY2022 | $1.0B | $11.6B |
| FY2021 | $700.9M | $10.0B |
| FY2020 | $563.4M | $7.6B |
| FY2019 | $584.0M | $9.0B |
| FY2018 | $657.6M | $7.0B |
| FY2017 | $538.1M | $3.9B |
| FY2016 | $448.1M | $3.0B |
Bottom line
| Fiscal year | DKL | MPLX |
|---|---|---|
| FY2025 | $176.5M | $5.0B |
| FY2024 | $142.7M | $4.4B |
| FY2023 | $126.2M | $4.0B |
| FY2022 | $159.1M | $4.0B |
| FY2021 | $164.8M | $3.1B |
| FY2020 | $159.3M | $-720.0M |
| FY2019 | $96.7M | $1.0B |
| FY2018 | $90.2M | $1.8B |
| FY2017 | $69.4M | $794.0M |
| FY2016 | $62.8M | $233.0M |
13 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$11,984,677,000 | MPLX |
| FY2024 | −$10,992,364,000 | MPLX |
| FY2023 | −$10,260,591,000 | MPLX |
| FY2022 | −$10,576,593,000 | MPLX |
| FY2021 | −$9,326,098,000 | MPLX |
| FY2020 | −$7,005,582,000 | MPLX |
| FY2019 | −$8,457,008,000 | MPLX |
| FY2018 | −$6,347,391,000 | MPLX |
| FY2017 | −$3,328,925,000 | MPLX |
| FY2016 | −$2,580,941,000 | MPLX |
| FY2015 | −$511,331,000 | MPLX |
| FY2014 | +$48,253,000 | DKL |
| FY2013 | +$421,428,000 | DKL |
The higher-revenue side has changed between DKL and MPLX over this period. The gap has widened since the earliest year compared.
13 of 16 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −20.7 pp | MPLX |
| FY2024 | −21.3 pp | MPLX |
| FY2023 | −22.8 pp | MPLX |
| FY2022 | −18.9 pp | MPLX |
| FY2021 | −7.5 pp | MPLX |
| FY2020 | +37.3 pp | DKL |
| FY2019 | +0.4 pp | DKL |
| FY2018 | −14.9 pp | MPLX |
| FY2017 | −8.7 pp | MPLX |
| FY2016 | −0.3 pp | MPLX |
| FY2015 | −19.0 pp | MPLX |
The higher net margin has changed hands between DKL and MPLX over this period.
11 of 13 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MPLX's net margin has been more volatile than DKL's over the 11 comparable fiscal years — 13.3 percentage points of standard deviation against 4.9.
11 of 13 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between DKL and MPLX over these 11 fiscal years — DKL led in 2 and MPLX in 9.
11 of 13 comparable fiscal years — a year missing data on either side is not counted.