Which Is a Better Investment, Delek US Holdings Inc or Icahn Enterprises LP Stock?

By AAII Staff
August 03, 2026
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Sifting through countless of stocks in the Oil, Gas & Consumable Fuels industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Delek US Holdings, Inc. or Icahn Enterprises L.P. because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how Delek US Holdings, Inc. and Icahn Enterprises L.P. compare based on key financial metrics to determine which better meets your investment needs.

About Delek US Holdings, Inc. and Icahn Enterprises L.P.

Delek US Holdings, Inc. engages in the integrated downstream energy business in the United States. The company operates in two segments Refining and Logistics. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminals. It owns and operates refineries located in Tyler, Texas; El Dorado, Arkansas; Big Spring, Texas; and Krotz Springs, Louisiana. The Logistics segment gathers, transports, and stores crude oil and natural gas, intermediate, and refined products; and markets, distributes, transports, and stores refined products, as well as disposes and recycles water for third parties. It owns or leases crude oil transportation pipelines, refined product pipelines, crude oil gathering systems, and associated crude oil storage tanks; and owns and operates light product distribution terminals, as well as markets light products using third-party terminals. It serves oil companies, independent refiners and marketers, jobbers, distributors, utility and transportation companies, government, and independent retail fuel operators. Delek US Holdings, Inc. was founded in 2001 and is headquartered in Brentwood, Tennessee.

Icahn Enterprises L.P., through its subsidiaries engages in the investment, energy, automotive, food packaging, real estate, home fashion and pharma in the United States and internationally. The Investment segment invests its proprietary capital through various private investment funds; and it provides investment advisory, administrative, and back-office services to the investment funds. The Energy segment engages in refining and marketing petroleum in the form of gasoline, diesel, jet fuel, and distillates; renewable fuels business refines renewable feedstocks, such as soybean oil, corn oil, and other related renewable feedstocks into renewable diesel and markets renewable products; and nitrogen fertilizer business produces and markets nitrogen fertilizers in the form of urea ammonium nitrate and ammonia. The Automotive segment engages in repair and maintenance of automotive; sale of installed parts or materials related to automotive services; and sale of automotive aftermarket parts and retailed merchandise. The Food Packaging segment produces and sells cellulosic, fibrous, and plastic casings used to prepare and pack processed meat products. The Real Estate segment consists of investment properties, including land, retail, office, and industrial properties; and development and sale of single-family homes; and the operations of a resort and two country clubs. The Home Fashion segment manufactures, sources, markets, distributes, and sells home fashion consumer products. The Pharma segment offers pharmaceutical products and services; and develops approved therapies and product candidates. Icahn Enterprises L.P. was incorporated in 1987 and is headquartered in Sunny Isles Beach, Florida.

Latest Oil, Gas & Consumable Fuels and Delek US Holdings, Inc., Icahn Enterprises L.P. Stock News

As of July 31, 2026, Delek US Holdings, Inc. had a $4.2 billion market capitalization, compared to the Oil, Gas & Consumable Fuels median of $2.7 million. Delek US Holdings, Inc.’s stock is NA in 2026, NA in the previous five trading days and up 196.51% in the past year.

Currently, Delek US Holdings, Inc. does not have a price-earnings ratio. Delek US Holdings, Inc.’s trailing 12-month revenue is $10.7 billion with a -0.5% net profit margin. Year-over-year quarterly sales growth most recently was 0.4%. Analysts expect adjusted earnings to reach $7.300 per share for the current fiscal year. Delek US Holdings, Inc. currently has a 1.5% dividend yield.

Currently, Icahn Enterprises L.P. does not have a price-earnings ratio. Icahn Enterprises L.P.’s trailing 12-month revenue is $9.8 billion with a -3.4% net profit margin. Year-over-year quarterly sales growth most recently was 19.8%. There are no analysts providing consensus earnings estimates for the current fiscal year. Icahn Enterprises L.P. currently has a 25.7% dividend yield.

How We Compare Delek US Holdings, Inc. and Icahn Enterprises L.P. Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Delek US Holdings, Inc. and Icahn Enterprises L.P.’s stock grades to see how they measure up against one another.

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Delek US Holdings, Inc. and Icahn Enterprises L.P. Stock Value Grades

Company Ticker Value
Delek US Holdings, Inc. DK B
Icahn Enterprises L.P. IEP B

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection.

Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

Delek US Holdings, Inc. has a Value Score of 75, which is Value. Icahn Enterprises L.P. has a Value Score of 62, which is Value.

The Value Stock Winner: It’s a Tie!

Looking at the Value Grade breakdown above, both Delek US Holdings, Inc. and Icahn Enterprises L.P. have a Value Grade of B. For investors who focus solely on a company’s valuation, you will need to conduct further research into both of these companies’ other metrics to see if they could be good additions to your portfolio. It’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Delek US Holdings, Inc. and Icahn Enterprises L.P.’s Quality Grades

Company Ticker Quality
Delek US Holdings, Inc. DK C
Icahn Enterprises L.P. IEP D

Like the Value Grade, AAII’s A+ Investor Quality Grade comes from the percentile rank of key metrics. Specifically, the Quality Score is the percentile rank of the average of the percentile ranks of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and the F-Score.

The score is variable, meaning it can consider all eight measures or, should any of the eight measures not be valid, the remaining measures that are valid. To be assigned a Quality Score, stocks must have a valid (non-null) measure and corresponding ranking for at least four of the eight quality measures.

The Quality Score is used to assess the underlying “quality” of a particular stock. A higher-quality stock possesses traits associated with upside potential and reduced downside risk. Backtesting of the Quality Grade shows that stocks with higher grades, on average, outperformed stocks with lower grades over the period of 1998 through 2019.

Stocks receive better grades (higher scores) for having higher scores for the quality subcomponents and worse grades (lower scores) for lower scores for the subcomponents.

Delek US Holdings, Inc. has a Quality Score of 52, which is Average. Icahn Enterprises L.P. has a Quality Score of 34, which is Weak.

The Quality Stock Winner: No Clear Winner

Neither Delek US Holdings, Inc. or Icahn Enterprises L.P. has a high enough Quality Grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if Delek US Holdings, Inc. or Icahn Enterprises L.P. is the better investment when it comes to quality.

Delek US Holdings, Inc. and Icahn Enterprises L.P.’s Estimate Revisions Grades

Company Ticker Earnings Estimate
Delek US Holdings, Inc. DK A
Icahn Enterprises L.P. IEP na

Earnings estimate revisions scores consider the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

Delek US Holdings, Inc. has a Earnings Estimate Score of 91, which is Very Positive. Icahn Enterprises L.P. does not have a meaningful Earnings Estimate Score.

The Earnings Estimate Revisions Stock Winner: Undetermined

If you are strictly an investor who focuses on earnings estimate revisions, you may want to add Delek US Holdings, Inc. to your watch list. However, because only one of the companies in our comparison has a valid Earnings Estimate Revisions Grade, we cannot call it a clear winner. Evaluation of the other grades for both companies is necessary in order to understand which stock is the better investment based on AAII’s proprietary scores and analysis.

Don’t Forget Your Free Special Report on How A+ Grades Can Help You Make Investment Decisions

Other Delek US Holdings, Inc. and Icahn Enterprises L.P. Grades

In addition to Estimate Revisions, Value and Quality, A+ Investor also provides grades for Growth and Momentum.

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Momentum grades help uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming.

Growth investing builds on the idea that stocks of companies exhibiting strong, consistent and prolonged growth outperform those of slower-growth companies. AAII measures growth through consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Delek US Holdings, Inc. and Icahn Enterprises L.P. pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Delek US Holdings, Inc. or Icahn Enterprises L.P. Stock?

Overall, Delek US Holdings, Inc. stock has a Value Score of 75, Estimate Revisions Score of 91 and Quality Score of 52.

Icahn Enterprises L.P. stock has a Value Score of 62, Estimate Revisions Score of and Quality Score of 34.

Comparing Delek US Holdings, Inc. and Icahn Enterprises L.P.’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

Learn More About A+ Investor

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.



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