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Delta Air Lines, Inc.(DAL)Earnings, Financials & Key Ratios
DAL•NYSE
$73.32
$47.89B mkt cap·9.6× P/E·Price updated May 6, 2026
AboutDelta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon. The company sells its tickets through various distribution channels, including delta.com and the Fly Delta app, reservations, online travel agencies, traditional brick and mortar, and other agencies. It also provides aircraft maintenance and engineering support, repair, and overhaul services; and vacation packages to third-party consumers, as well as aircraft charters, and management and programs. The company operates through a fleet of approximately 1,200 aircrafts. Delta Air Lines, Inc. was founded in 1924 and is based in Atlanta, Georgia.Show more
- Revenue$63.36B+2.8%
- EBITDA$8.27B-2.9%
- Net Income$5B+44.8%
- EPS (Diluted)7.66+43.7%
- Gross Margin22.84%-14.9%
- EBITDA Margin13.04%-5.5%
- Operating Margin9.19%-5.5%
- Net Margin7.9%+40.8%
- ROE27.77%+6.0%
- ROIC12.04%-5.4%
- Debt/Equity1.02-31.8%
- Interest Coverage8.57+6.8%
DAL Key Insights
Delta Air Lines, Inc. (DAL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Excellent 3Y average ROE of 35.4%
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 30.0%
- ✓Trading near 52-week high
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
DAL Price & Volume
Delta Air Lines, Inc. (DAL) stock price & volume — 10-year historical chart
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DAL Growth Metrics
Delta Air Lines, Inc. (DAL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years4.53%
5 Years29.96%
3 Years7.8%
TTM2.79%
Profit CAGR
10 Years1.01%
5 Years-
3 Years56.01%
TTM44.81%
EPS CAGR
10 Years3.13%
5 Years-
3 Years54.92%
TTM43.79%
Return on Capital
10 Years8.76%
5 Years9.34%
3 Years11.9%
Last Year11.39%
DAL Recent Earnings
Delta Air Lines, Inc. (DAL) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
Apr 8, 2026EPS
$0.64
Est $0.58
+10.3%
Revenue
$14.2B
Est $14.0B
+1.1%
Q1 2026
Jan 13, 2026EPS
$1.55
Est $1.53
+1.3%
Revenue
$14.6B
Est $14.7B
-0.5%
Q4 2025
Oct 9, 2025EPS
$1.71
Est $1.57
+8.9%
Revenue
$16.7B
Est $15.1B
+10.5%
Q3 2025
Jul 10, 2025EPS
$2.10
Est $2.06
+1.9%
Revenue
$16.6B
Est $15.5B
+7.7%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 8, 2026 | $0.64vs $0.58+10.3% | $14.2Bvs $14.0B+1.1% |
| Q1 2026 | Jan 13, 2026 | $1.55vs $1.53+1.3% | $14.6Bvs $14.7B-0.5% |
| Q4 2025 | Oct 9, 2025 | $1.71vs $1.57+8.9% | $16.7Bvs $15.1B+10.5% |
| Q3 2025 | Jul 10, 2025 | $2.10vs $2.06+1.9% | $16.6Bvs $15.5B+7.7% |
Based on last 12 quarters of dataView full earnings history →
DAL Peer Comparison
Delta Air Lines, Inc. (DAL) competitors in Commercial passenger airlines — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 UAL | 32.48B | 100.03 | 9.79 | 3.52% | 6.06% | 24.91% | 2.03 | |
 AAL | 8.54B | 12.94 | 76.12 | 0.78% | 0.36% | |||
 LUV | 20.38B | 41.50 | 52.53 | 2.11% | 2.83% | 10.67% | 0.75 | |
 ALK | 4.64B | 40.51 | 46.56 | 21.34% | 0.7% | 2.43% | 1.67 | |
 JBLU | 1.87B | 5.04 | -3.04 | -2.34% | -7.78% | -33.13% | 4.84 | |
 ULCC | 1.1B | 4.78 | -7.97 | -1.35% | -9.62% | -88.57% | 11.13 | |
 SKYW | 3.53B | 87.82 | 8.49 | 15.03% | 10.42% | 16% | 0.87 | |
 MESA | 879.48M | 21.00 | -0.04 | -19.93% | -43.64% | -5.29% |
Compare DAL vs Peers
Delta Air Lines, Inc. (DAL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
DAL Income Statement
Delta Air Lines, Inc. (DAL) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 41.14B | 44.44B | 47.01B | 17.09B | 29.9B | 50.58B | 58.05B | 61.64B | 63.36B |
| Revenue Growth % | 4.28% | 8.02% | 5.78% | -63.63% | 74.9% | 69.18% | 14.76% | 6.19% | 2.79% |
| Cost of Goods Sold | 29.63B | 33.34B | 33.41B | 21.46B | 27.77B | 39.42B | 42.53B | 45.09B | 48.89B |
| COGS % of Revenue | 72.02% | 75.01% | 71.07% | 125.55% | 92.87% | 77.94% | 73.27% | 73.14% | 77.16% |
| Gross Profit | 11.51B▲ 0% | 11.1B▼ 3.5% | 13.6B▲ 22.5% | -4.37B▼ 132.1% | 2.13B▲ 148.8% | 11.16B▲ 423.2% | 15.52B▲ 39.1% | 16.56B▲ 6.7% | 14.47B▼ 12.6% |
| Gross Margin % | 27.98% | 24.99% | 28.93% | -25.55% | 7.13% | 22.06% | 26.73% | 26.86% | 22.84% |
| Gross Profit Growth % | -6.32% | -3.54% | 22.47% | -132.12% | 148.83% | 423.21% | 39.05% | 6.7% | -12.57% |
| Operating Expenses | 5.54B | 5.84B | 6.98B | 8.1B | 247M | 7.5B | 10B | 10.56B | 8.65B |
| OpEx % of Revenue | 13.48% | 13.14% | 14.85% | 47.39% | 0.83% | 14.83% | 17.22% | 17.13% | 13.66% |
| Selling, General & Admin | 1.83B | 1.94B | 2.28B | 424M | 502M | 2.45B | 3.72B | 3.87B | 2.48B |
| SG&A % of Revenue | 4.44% | 4.37% | 4.84% | 2.48% | 1.68% | 4.85% | 6.4% | 6.28% | 3.92% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 3.72B | 3.9B | 4.7B | 7.68B | -255M | 5.04B | 6.28B | 6.69B | 6.17B |
| Operating Income | 5.97B▲ 0% | 5.26B▼ 11.8% | 6.62B▲ 25.7% | -12.47B▼ 288.4% | 1.89B▲ 115.1% | 3.66B▲ 94.1% | 5.52B▲ 50.8% | 6B▲ 8.6% | 5.82B▼ 2.9% |
| Operating Margin % | 14.5% | 11.85% | 14.08% | -72.94% | 6.31% | 7.24% | 9.51% | 9.73% | 9.19% |
| Operating Income Growth % | -14.72% | -11.77% | 25.72% | -288.41% | 115.13% | 94.11% | 50.81% | 8.59% | -2.89% |
| EBITDA | 8.19B | 7.59B | 9.2B | -10.16B | 3.88B | 5.77B | 7.86B | 8.51B | 8.27B |
| EBITDA Margin % | 19.9% | 17.09% | 19.57% | -59.41% | 12.99% | 11.4% | 13.54% | 13.8% | 13.04% |
| EBITDA Growth % | -7.98% | -7.27% | 21.15% | -210.41% | 138.24% | 48.51% | 36.3% | 8.22% | -2.86% |
| D&A (Non-Cash Add-back) | 2.22B | 2.33B | 2.58B | 2.31B | 2B | 2.11B | 2.34B | 2.51B | 2.44B |
| EBIT | 5.9B | 5.46B | 6.5B | -14.66B | 1.68B | 2.94B | 6.44B | 5.41B | 5.59B |
| Net Interest Income | -396M | -311M | -301M | -929M | -1.28B | -1.03B | -834M | -747M | -679M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 396M | 311M | 301M | 929M | 1.28B | 1.03B | 834M | 747M | 679M |
| Other Income/Expense | -466M | -113M | -420M | -3.12B | -1.49B | -1.75B | 87M | -1.34B | 363M |
| Pretax Income | 5.5B▲ 0% | 5.15B▼ 6.3% | 6.2B▲ 20.3% | -15.59B▼ 351.5% | 398M▲ 102.6% | 1.91B▲ 380.9% | 5.61B▲ 193.0% | 4.66B▼ 16.9% | 6.18B▲ 32.8% |
| Pretax Margin % | 13.37% | 11.59% | 13.19% | -91.18% | 1.33% | 3.78% | 9.66% | 7.56% | 9.76% |
| Income Tax | 2.29B | 1.22B | 1.43B | -3.2B | 118M | 596M | 999M | 1.2B | 1.18B |
| Effective Tax Rate % | 41.73% | 23.61% | 23.09% | 20.54% | 29.65% | 31.14% | 17.81% | 25.78% | 19.08% |
| Net Income | 3.21B▲ 0% | 3.94B▲ 22.8% | 4.77B▲ 21.1% | -12.38B▼ 359.8% | 280M▲ 102.3% | 1.32B▲ 370.7% | 4.61B▲ 249.7% | 3.46B▼ 25.0% | 5B▲ 44.8% |
| Net Margin % | 7.79% | 8.86% | 10.14% | -72.45% | 0.94% | 2.61% | 7.94% | 5.61% | 7.9% |
| Net Income Growth % | -23.6% | 22.78% | 21.14% | -359.81% | 102.26% | 370.71% | 249.7% | -24.99% | 44.78% |
| Net Income (Continuing) | 3.21B | 3.94B | 4.77B | -12.38B | 280M | 1.32B | 4.61B | 3.46B | 5B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 4.43▲ 0% | 5.67▲ 28.0% | 7.30▲ 28.7% | -19.47▼ 366.7% | 0.44▲ 102.3% | 2.06▲ 368.2% | 7.17▲ 248.1% | 5.33▼ 25.7% | 7.66▲ 43.7% |
| EPS Growth % | -23.49% | 27.99% | 28.75% | -366.71% | 102.26% | 368.18% | 248.06% | -25.66% | 43.71% |
| EPS (Basic) | 4.53 | 5.69 | 7.32 | -19.47 | 0.44 | 2.07 | 7.21 | 5.39 | 7.72 |
| Diluted Shares Outstanding | 723.48M | 694M | 653M | 636M | 641M | 641M | 643M | 648M | 654M |
| Basic Shares Outstanding | 707.2M | 691M | 651M | 636M | 636M | 638M | 639M | 648M | 648M |
| Dividend Payout Ratio | 22.81% | 23.1% | 20.56% | - | - | - | 2.78% | 9.29% | 8.79% |
DAL Balance Sheet
Delta Air Lines, Inc. (DAL) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 7.8B | 6.34B | 8.25B | 17.4B | 15.94B | 13.01B | 10.27B | 9.84B | 10.97B |
| Cash & Short-Term Investments | 2.64B | 1.56B | 2.88B | 14.1B | 11.32B | 6.53B | 3.87B | 3.07B | 4.31B |
| Cash Only | 1.81B | 1.56B | 2.88B | 8.31B | 7.93B | 3.27B | 2.74B | 3.07B | 4.31B |
| Short-Term Investments | 825M | 0 | 0 | 5.79B | 3.39B | 3.27B | 1.13B | 0 | 0 |
| Accounts Receivable | 2.38B | 2.31B | 2.85B | 1.4B | 2.4B | 3.18B | 3.13B | 3.22B | 2.85B |
| Days Sales Outstanding | 21.09 | 19.01 | 22.16 | 29.81 | 29.35 | 22.92 | 19.68 | 19.09 | 16.42 |
| Inventory | 1.33B | 1.05B | 1.25B | 732M | 1.1B | 1.42B | 1.31B | 1.43B | 1.6B |
| Days Inventory Outstanding | 16.37 | 11.55 | 13.67 | 12.45 | 14.43 | 13.18 | 11.28 | 11.56 | 11.95 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 1.96B | 2.12B | 2.21B |
| Total Non-Current Assets | 45.87B | 53.93B | 56.28B | 54.59B | 56.52B | 59.28B | 63.38B | 65.53B | 70.22B |
| Property, Plant & Equipment | 26.56B | 34.33B | 36.94B | 32.26B | 35.92B | 40.15B | 42.49B | 44.24B | 45.99B |
| Fixed Asset Turnover | 1.55x | 1.29x | 1.27x | 0.53x | 0.83x | 1.26x | 1.37x | 1.39x | 1.38x |
| Goodwill | 9.79B | 9.78B | 9.78B | 9.75B | 9.75B | 9.75B | 9.75B | 9.75B | 9.75B |
| Intangible Assets | 4.85B | 4.83B | 5.17B | 6.01B | 6B | 5.99B | 5.98B | 5.97B | 5.97B |
| Long-Term Investments | 0 | 0 | 2.57B | 1.67B | 1.71B | 2.13B | 3.46B | 2.85B | 4.22B |
| Other Non-Current Assets | 3.31B | 4.74B | 1.71B | 2.91B | 1.77B | 934M | 1.69B | 2.71B | 4.29B |
| Total Assets | 53.29B▲ 0% | 60.27B▲ 13.1% | 64.53B▲ 7.1% | 72B▲ 11.6% | 72.47B▲ 0.7% | 72.28B▼ 0.3% | 73.64B▲ 1.9% | 75.37B▲ 2.3% | 81.19B▲ 7.7% |
| Asset Turnover | 0.77x | 0.74x | 0.73x | 0.24x | 0.41x | 0.70x | 0.79x | 0.82x | 0.78x |
| Asset Growth % | 3.97% | 13.09% | 7.07% | 11.57% | 0.66% | -0.27% | 1.89% | 2.35% | 7.71% |
| Total Current Liabilities | 18.96B | 18.58B | 20.2B | 15.93B | 20.97B | 25.94B | 26.42B | 26.67B | 27.67B |
| Accounts Payable | 3.63B | 2.98B | 3.27B | 2.84B | 4.24B | 5.11B | 4.45B | 4.65B | 5.23B |
| Days Payables Outstanding | 44.77 | 32.59 | 35.68 | 48.3 | 55.74 | 47.28 | 38.16 | 37.64 | 39.02 |
| Short-Term Debt | 2.24B | 1.52B | 2.29B | 1.73B | 1.78B | 2.36B | 2.98B | 2.17B | 2.41B |
| Deferred Revenue (Current) | 2.76B | 2.99B | 3.22B | 1.78B | 2.71B | 3.43B | 3.91B | 4.31B | 4.88B |
| Other Current Liabilities | 5.43B | 5.74B | 5.85B | 5.14B | 7.33B | 9.26B | 8.14B | 8.19B | 9.44B |
| Current Ratio | 0.41x | 0.34x | 0.41x | 1.09x | 0.76x | 0.50x | 0.39x | 0.37x | 0.40x |
| Quick Ratio | 0.34x | 0.28x | 0.35x | 1.05x | 0.71x | 0.45x | 0.34x | 0.32x | 0.34x |
| Cash Conversion Cycle | -7.31 | -2.03 | 0.15 | -6.04 | -11.96 | -11.17 | -7.2 | -6.99 | -10.65 |
| Total Non-Current Liabilities | 22.18B | 28B | 28.97B | 54.53B | 47.61B | 39.77B | 36.12B | 33.41B | 32.77B |
| Long-Term Debt | 6.59B | 8.25B | 8.87B | 27.43B | 25.14B | 20.67B | 17.07B | 14.02B | 12.51B |
| Capital Lease Obligations | 0 | 5.8B | 5.29B | 5.71B | 7.06B | 6.87B | 6.47B | 5.81B | 5.35B |
| Deferred Tax Liabilities | 0 | 163M | 1.46B | 0 | 0 | 24M | 908M | 2.18B | 3.37B |
| Other Non-Current Liabilities | 12.03B | 10.13B | 9.84B | 15.99B | 10.56B | 7.76B | 7.16B | 6.89B | 7.15B |
| Total Liabilities | 41.14B | 46.58B | 49.17B | 70.46B | 68.57B | 65.71B | 62.54B | 60.08B | 60.43B |
| Total Debt | 8.83B | 16.53B | 17.25B | 35.55B | 34.68B | 30.61B | 27.28B | 22.77B | 21.08B |
| Net Debt | 7.02B | 14.96B | 14.37B | 27.24B | 26.75B | 27.34B | 24.54B | 19.7B | 16.77B |
| Debt / Equity | 0.71x | 1.21x | 1.12x | 23.17x | 8.92x | 4.65x | 2.46x | 1.49x | 1.02x |
| Debt / EBITDA | 1.08x | 2.18x | 1.88x | - | 8.93x | 5.31x | 3.47x | 2.68x | 2.55x |
| Net Debt / EBITDA | 0.86x | 1.97x | 1.56x | - | 6.89x | 4.74x | 3.12x | 2.32x | 2.03x |
| Interest Coverage | 15.07x | 16.93x | 21.99x | -13.42x | 1.47x | 3.56x | 6.62x | 8.03x | 8.57x |
| Total Equity | 12.53B▲ 0% | 13.69B▲ 9.2% | 15.36B▲ 12.2% | 1.53B▼ 90.0% | 3.89B▲ 153.4% | 6.58B▲ 69.3% | 11.11B▲ 68.7% | 15.29B▲ 37.7% | 20.75B▲ 35.7% |
| Equity Growth % | 1.98% | 9.23% | 12.21% | -90.01% | 153.39% | 69.33% | 68.72% | 37.71% | 35.7% |
| Book Value per Share | 17.32 | 19.72 | 23.52 | 2.41 | 6.06 | 10.27 | 17.27 | 23.60 | 31.73 |
| Total Shareholders' Equity | 12.53B | 13.69B | 15.36B | 1.53B | 3.89B | 6.58B | 11.11B | 15.29B | 20.75B |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 9.64B | 10.04B | 12.45B | -428M | -148M | 1.17B | 5.65B | 8.78B | 0 |
| Treasury Stock | -158M | -198M | -236M | -259M | -282M | -313M | -341M | -251M | 0 |
| Accumulated OCI | -7.62B | -7.83B | -7.99B | -9.04B | -7.13B | -5.8B | -5.84B | -4.98B | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
DAL Cash Flow Statement
Delta Air Lines, Inc. (DAL) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 5.15B | 7.01B | 8.44B | -3.79B | 3.26B | 6.36B | 6.46B | 8.03B | 8.34B |
| Operating CF Margin % | 12.51% | 15.78% | 17.95% | -22.19% | 10.91% | 12.58% | 11.14% | 13.02% | 13.17% |
| Operating CF Growth % | -28.55% | 36.25% | 20.29% | -144.96% | 186.03% | 95.04% | 1.57% | 24.15% | 3.95% |
| Net Income | 3.58B | 3.94B | 4.77B | -12.38B | 280M | 1.32B | 4.61B | 3.46B | 5.01B |
| Depreciation & Amortization | 2.23B | 2.33B | 2.58B | 2.31B | 2B | 2.11B | 2.34B | 2.51B | 2.44B |
| Stock-Based Compensation | 169M | 0 | 161M | 119M | 0 | 150M | 0 | 0 | 0 |
| Deferred Taxes | 2.07B | 1.36B | 1.47B | -3.11B | 115M | 591M | 980M | 1.16B | 0 |
| Other Non-Cash Items | -3.25B | -790M | -1.07B | 7.88B | -1.64B | 392M | -1.44B | 190M | 893M |
| Working Capital Changes | 608M | 176M | 526M | 1.39B | 2.51B | 1.81B | -29M | 710M | 0 |
| Change in Receivables | -328M | 108M | -775M | 1.17B | -981M | -728M | 0 | -126M | 0 |
| Change in Inventory | -397M | 324M | -139M | 354M | -318M | -158M | 121M | 0 | 0 |
| Change in Payables | 992M | -418M | 144M | -1.17B | 981M | 0 | 0 | 0 | 0 |
| Cash from Investing | -5.37B | -4.39B | -4.58B | -9.24B | -897M | -6.92B | -3.15B | -3.74B | -4.19B |
| Capital Expenditures | -3.89B | -5.17B | -4.94B | -1.9B | -3.25B | -6.37B | -5.32B | -5.14B | -4.5B |
| CapEx % of Revenue | 9.46% | 11.63% | 10.5% | 11.11% | 10.86% | 12.59% | 9.17% | 8.34% | 7.1% |
| Acquisitions | -1.25B | 0 | 109M | -2.1B | 0 | -870M | -152M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 111M | 154M | 325M | 551M | -31M | 210M | 92M | 264M | 315M |
| Cash from Financing | -730M | -1.73B | -2.88B | 19.36B | -3.85B | -4.54B | -3.39B | -4.26B | -3.08B |
| Debt Issued (Net) | -1.26B | -3.05B | -1.26B | 19.8B | -5.83B | -4.47B | -4.07B | -3.95B | -1.72B |
| Equity Issued (Net) | -1000K | -1000K | -1000K | -1000K | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -731M | -909M | -980M | -260M | 0 | 0 | -128M | -321M | -440M |
| Share Repurchases | -1.68B | -1.57B | -2.03B | -344M | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 2.94B | 3.81B | 1.39B | 162M | 1.98B | -60M | 805M | 14M | -919M |
| Net Change in Cash | -948M▲ 0% | -202M▲ 78.7% | 1.48B▲ 833.7% | 5.41B▲ 264.7% | -403M▼ 107.5% | -4.69B▼ 1064.3% | -464M▲ 90.1% | 297M▲ 164.0% | 1.16B▲ 291.6% |
| Free Cash Flow | 1.26B▲ 0% | 1.85B▲ 46.9% | 3.5B▲ 89.7% | -5.69B▼ 262.6% | 16M▲ 100.3% | -2M▼ 112.5% | 1.14B▲ 57150.0% | 2.88B▲ 152.8% | 3.84B▲ 33.1% |
| FCF Margin % | 3.06% | 4.15% | 7.45% | -33.3% | 0.05% | -0% | 1.97% | 4.68% | 6.06% |
| FCF Growth % | -67.04% | 46.86% | 89.65% | -262.58% | 100.28% | -112.5% | 57150% | 152.85% | 33.14% |
| FCF per Share | 1.74 | 2.66 | 5.36 | -8.95 | 0.02 | -0.00 | 1.77 | 4.45 | 5.87 |
| FCF Conversion (FCF/Net Income) | 1.61x | 1.78x | 1.77x | 0.31x | 11.65x | 4.83x | 1.40x | 2.32x | 1.67x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
DAL Key Ratios
Delta Air Lines, Inc. (DAL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 36.26% | 25.83% | 30.02% | 32.82% | -146.64% | 10.33% | 25.18% | 52.12% | 26.19% | 27.77% |
| Return on Invested Capital (ROIC) | 30.81% | 24.58% | 16.38% | 17% | -31.97% | 4.76% | 8.51% | 11.9% | 12.73% | 12.04% |
| Gross Margin | 31.14% | 27.98% | 24.99% | 28.93% | -25.55% | 7.13% | 22.06% | 26.73% | 26.86% | 22.84% |
| Net Margin | 10.63% | 7.79% | 8.86% | 10.14% | -72.45% | 0.94% | 2.61% | 7.94% | 5.61% | 7.9% |
| Debt / Equity | 0.60x | 0.71x | 1.21x | 1.12x | 23.17x | 8.92x | 4.65x | 2.46x | 1.49x | 1.02x |
| Interest Coverage | 18.03x | 15.07x | 16.93x | 21.99x | -13.42x | 1.47x | 3.56x | 6.62x | 8.03x | 8.57x |
| FCF Conversion | 1.72x | 1.61x | 1.78x | 1.77x | 0.31x | 11.65x | 4.83x | 1.40x | 2.32x | 1.67x |
| Revenue Growth | -3.08% | 4.28% | 8.02% | 5.78% | -63.63% | 74.9% | 69.18% | 14.76% | 6.19% | 2.79% |
DAL SEC Filings & Documents
Delta Air Lines, Inc. (DAL) SEC filings — annual & quarterly reports (10-K, 10-Q)
DAL Frequently Asked Questions
Delta Air Lines, Inc. (DAL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Delta Air Lines, Inc. (DAL) reported $63.36B in revenue for fiscal year 2025. This represents a 366% increase from $13.59B in 1996.
Delta Air Lines, Inc. (DAL) grew revenue by 2.8% over the past year. Growth has been modest.
Yes, Delta Air Lines, Inc. (DAL) is profitable, generating $5.01B in net income for fiscal year 2025 (7.9% net margin).
Dividend & Returns
Yes, Delta Air Lines, Inc. (DAL) pays a dividend with a yield of 0.92%. This makes it attractive for income-focused investors.
Delta Air Lines, Inc. (DAL) has a return on equity (ROE) of 27.8%. This is excellent, indicating efficient use of shareholder capital.
Delta Air Lines, Inc. (DAL) generated $3.84B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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