Delta Air Lines
DAL
82.97
-0.69
-0.82%
Delta Air Lines
US · DAL
#415 by market cap
Listed 2007
82.97
-0.69
-0.82%
Live - 5344 symbols - heartbeat 68s ago
· 2026-10-08 08:29
Pre-market
81.52
-1.75%
After-hours
83.10
+0.16%
Overnight
82.04
-1.12%
- Market cap
- 54.56B
- P/E (TTM)i
- 13.76
- P/Bi
- 2.50
- EPSi
- 7.66
- Div yieldi
- 0.90%
- 52W posi
- 69%
Reader sentiment
Are you bullish or bearish on DAL?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 1.54, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +2.79% YoY
Margins
- Gross margin
- 24.17%
- Operating margin
- 9.19%
- Net margin
- 7.90%
Key ratios & quality
- Enterprise valuei
- 65.17B
- PEG ratioi
- 0.25
- Altman Z-Scorei
- 1.54
PEG uses trailing P/E against the 3-year net income growth rate (56.01%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 44.44B | 47.01B | 17.10B | 29.90B | 50.58B | 58.05B | 61.64B | 63.36B |
| Gross profit | 11.10B | 13.60B | -4.37B | 2.13B | 10.60B | 14.14B | 15.17B | 15.31B |
| Selling & admin expenses | 1.94B | 2.21B | 643.00M | 953.00M | 1.89B | 2.33B | 2.49B | 2.49B |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 5.26B | 6.62B | -4.25B | 1.89B | 3.66B | 5.52B | 6.00B | 5.82B |
| Pretax profit | 5.15B | 6.20B | -15.59B | 398.00M | 1.91B | 5.61B | 4.66B | 6.19B |
| Tax | 1.22B | 1.43B | -3.20B | 118.00M | 596.00M | 999.00M | 1.20B | 1.18B |
| Net profit | 3.94B | 4.77B | -12.39B | 280.00M | 1.32B | 4.61B | 3.46B | 5.01B |
| Basic EPS | 6 | 7 | -19 | 0 | 2 | 7 | 5 | 8 |
| Diluted EPS | 5.67 | 7.30 | -19.49 | 0.44 | 2.06 | 7.17 | 5.33 | 7.66 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 14.04B | 16.65B | 16.67B | 16.00B | 15.85B | 19.76B |
| Gross profit | 2.94B | 4.61B | 4.07B | 3.78B | 2.95B | 4.54B |
| Selling & admin expenses | 552.00M | 673.00M | 645.00M | 616.00M | 590.00M | 726.00M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 569.00M | 2.10B | 1.68B | 1.47B | 501.00M | 1.86B |
| Pretax profit | 320.00M | 2.57B | 1.78B | 1.51B | -214.00M | 2.01B |
| Tax | 80.00M | 444.00M | 360.00M | 294.00M | 75.00M | 405.00M |
| Net profit | 240.00M | 2.13B | 1.42B | 1.22B | -289.00M | 1.60B |
| Basic EPS | 0 | 3 | 2 | 2 | 0 | 2 |
| Diluted EPS | 0.37 | 3.27 | 2.17 | 1.86 | -0.44 | 2.44 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 6.34B | 8.25B | 17.40B | 15.94B | 13.01B | 10.27B | 9.84B | 10.97B |
| Cash & ST investments | 1.57B | 2.88B | 14.10B | 11.32B | 6.53B | 3.87B | 3.07B | 4.31B |
| Inventory | 1.06B | 1.25B | 732.00M | 1.10B | 1.42B | 1.31B | 1.43B | 1.60B |
| Total assets | 60.27B | 64.53B | 72.00B | 72.46B | 72.29B | 73.64B | 75.37B | 81.32B |
| Total current liabilities | 18.58B | 20.20B | 15.93B | 20.97B | 25.94B | 26.42B | 26.67B | 27.62B |
| Short-term debt | 2.47B | 3.09B | 2.41B | 2.49B | 3.07B | 3.74B | 2.94B | 2.41B |
| Long-term debt | 8.25B | 8.87B | 27.43B | 25.14B | 20.67B | 17.07B | 14.02B | 12.51B |
| Total liabilities | 46,579,000,000.00 | 49,174,000,000.00 | 70,462,000,000.00 | 68,572,000,000.00 | 65,706,000,000.00 | 62,539,000,000.00 | 60,079,000,000.00 | 60,464,000,000.00 |
| Total equity | 13.69B | 15.36B | 1.53B | 3.89B | 6.58B | 11.11B | 15.29B | 20.85B |
| Retained earnings | 10.04B | 12.45B | -428.00M | -148.00M | 1.17B | 5.65B | 8.78B | 13.34B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 11.24B | 10.98B | 11.23B | 10.97B | 13.66B | 14.24B |
| Cash & ST investments | 3.71B | 3.33B | 3.79B | 4.31B | 5.05B | 4.67B |
| Inventory | 1.49B | 1.53B | 1.54B | 1.60B | 1.77B | 2.56B |
| Total assets | 77.34B | 78.40B | 79.62B | 81.32B | 84.43B | 86.32B |
| Total current liabilities | 29.70B | 28.55B | 28.25B | 27.62B | 32.70B | 33.60B |
| Short-term debt | 3.69B | 2.97B | 2.85B | 2.41B | 3.93B | 4.31B |
| Long-term debt | 12.89B | 12.84B | 12.30B | 12.51B | 11.08B | 10.51B |
| Total liabilities | 61,895,000,000.00 | 60,955,000,000.00 | 60,801,000,000.00 | 60,464,000,000.00 | 64,055,000,000.00 | 64,506,000,000.00 |
| Total equity | 15.45B | 17.44B | 18.82B | 20.85B | 20.38B | 21.82B |
| Retained earnings | 8.93B | 10.83B | 12.13B | 13.34B | 12.93B | 14.27B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 7.01B | 8.43B | -3.79B | 3.26B | 6.36B | 6.46B | 8.03B | 8.34B |
| Depreciation & amortization | 2.33B | 2.58B | 2.31B | 2.00B | 2.11B | 2.34B | 2.51B | 2.44B |
| Free cash flow | 1.85B | 3.49B | -5.69B | 17.00M | -3.00M | 1.14B | 2.89B | 3.84B |
| Dividends paid | -909.00M | -980.00M | -260.00M | 0 | 0 | -128.00M | -321.00M | -440.00M |
| Stock buybacks / issuance | -1.58B | -2.03B | -344.00M | -- | -- | -- | -- | -- |
| Ending cash balance | 2.75B | 3.73B | 10.06B | 8.57B | 3.47B | 3.40B | 3.42B | 4.50B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 2.38B | 1.86B | 1.85B | 2.26B | 2.43B | 1.60B |
| Depreciation & amortization | -- | -- | -- | -- | -- | -- |
| Free cash flow | 1.15B | 648.00M | 688.00M | 1.35B | 1.23B | 137.00M |
| Dividends paid | -99.00M | -97.00M | -122.00M | -122.00M | -129.00M | -123.00M |
| Stock buybacks / issuance | -- | -- | -- | -- | -- | -- |
| Ending cash balance | 3.94B | 3.53B | 3.97B | 4.50B | 5.24B | 4.77B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 28.52 | 32.82 | -146.64 | 10.33 | 25.18 | 52.12 | 26.19 | 27.69 |
| ROA %i | 6.93 | 7.64 | -18.14 | 0.39 | 1.82 | 6.32 | 4.64 | 6.39 |
| ROIC %i | 15.76 | 15.91 | -33.42 | 3.11 | 5.35 | 14.01 | 10.49 | 14.03 |
| 5-year avg ROE %i | 28.92 | 34.19 | -4.34 | -9.53 | -9.66 | -5.24 | -6.56 | 28.30 |
| EBIT margin %i | 12.29 | 13.83 | -85.74 | 5.61 | 5.82 | 11.10 | 8.77 | 10.83 |
| FCF / sales %i | 4.15 | 7.42 | -- | 0.06 | -- | 1.97 | 4.68 | 6.07 |
| Current ratioi | 0.34 | 0.41 | 1.09 | 0.76 | 0.50 | 0.39 | 0.37 | 0.40 |
| Quick ratioi | 0.21 | 0.28 | 0.97 | 0.65 | 0.37 | 0.26 | 0.24 | 0.26 |
| Debt / assetsi | 27.42 | 26.74 | 49.38 | 47.86 | 42.34 | 37.04 | 30.21 | 24.93 |
| LT debt / equityi | 102.68 | 92.25 | 2,160.23 | 828.25 | 418.37 | 211.97 | 129.69 | 85.65 |
| Interest coveragei | 17.56 | 21.59 | -15.78 | 1.31 | 2.86 | 7.72 | 7.24 | 10.11 |
| Revenue CAGR (3Y) %i | 2.97 | 6.02 | -25.38 | -12.37 | 2.47 | 50.30 | 27.27 | 7.80 |
| Net income CAGR (3Y) %i | -4.56 | 4.35 | -- | -58.56 | -34.85 | -- | 131.13 | 56.01 |
| FCF CAGR (3Y) %i | -28.17 | -3.01 | -- | -79.04 | -- | -- | 453.65 | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 27.52 | 30.07 | 28.51 | 27.69 | 24.99 | 20.12 |
| ROA %i | 4.81 | 5.84 | 5.97 | 6.39 | 5.53 | 4.80 |
| ROIC %i | 11.18 | 13.28 | 13.31 | 14.03 | 12.73 | 11.02 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 9.00 | 10.27 | 10.45 | 10.83 | 9.67 | 8.36 |
| FCF / sales %i | 4.56 | 3.77 | 4.89 | 6.07 | 6.02 | 4.99 |
| Current ratioi | 0.38 | 0.38 | 0.40 | 0.40 | 0.42 | 0.42 |
| Quick ratioi | 0.25 | 0.25 | 0.26 | 0.26 | 0.28 | 0.27 |
| Debt / assetsi | 28.81 | 27.14 | 26.35 | 24.93 | 24.04 | 23.15 |
| LT debt / equityi | 120.35 | 105.02 | 96.32 | 85.65 | 80.36 | 71.85 |
| Interest coveragei | 7.74 | 9.05 | 9.38 | 10.11 | 9.68 | 9.13 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Airline is the largest reported line at 89.57% of revenue, across 3 reported segments.
- The next-largest line, Refinery, is a distant second at 12.85% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Airline89.57%
Refinery12.85%
Quote time 2026-10-08 08:29:59 · For reference only, not investment advice and not tailored to your situation.