Delta Air Lines, Inc. DAL SPX

Industrials · Airlines · United States

https://www.delta.com

Delta 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, Detroit, Minneapolis-St. Paul, 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, Bogota, Lima, Mexico City, London-Heathrow, Paris-Charles de Gaulle, Santiago (Chile), Sao Paulo, Seoul-Incheon, and Tokyo. It also provides aircraft maintenance and engineering support, repair, and overhaul services; and vacation packages. The company operates through a fleet of approximately 1,314 aircraft. Delta Air Lines, Inc. was founded in 1924 and is headquartered in Atlanta, Georgia.

Market & Price

Market Cap

$54.19B

Current Price

$82.48

High / Low (52W)

$82.49 / $46.48

Beta

1.25

Valuation

Stock P/E

12.04

Industry PE

28.38

Forward P/E

10.23

PEG Ratio

0.21

Book Value

$31.18

Price to Book

2.65

P/S

0.83

EV/EBITDA

9.03

Dividend Yield

0.91%

Profitability & Returns

ROCE

12.78%

ROE

24.99%

ROA

4.34%

Profit Margin

6.87%

Op Margin

3.18%

EPS (Latest Qtr)

$-0.44

EPS (TTM)

$6.85

Balance Sheet & Liquidity

Debt/Equity

1.05

Quick Ratio

0.28

Current Ratio

0.42

Debt

$21.40B

Total Assets

$81.32B

Current Assets

$10.97B

Working Capital

$-16.66B

Ownership

Promoter Holding

6.53%

Chg in Prom Hold

-0.00%

FII / Inst Holding

83.77%

Chg in FII Hold

-0.00%

Financial Snapshot

Enterprise Value

$70.24B

Total Revenue (TTM)

$65.18B

EBITDA

$7.78B

Free Cash Flow

$3.09B

Operating Cash Flow

$8.40B

Shares Outstanding

656.99M

Gross Margin

19.90%

Payout Ratio

10.40%

Growth (CAGR)

Revenue 5Y

7.80%

Profit 5Y

56.01%

Revenue (YoY)

12.90%

Earnings (YoY)

PROS

Strong return on equity of 25.0%.
Profit CAGR of 56.0% over 5 years.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	DAL Delta Air Lines, Inc. SPX	82.48	12.04	$54.19B	0.91%	12.78%	24.99%	7.80%	56.01%
2	CAT Caterpillar Inc. SPX	875.87	43.66	$403.42B	0.69%	19.42%	51.33%	4.38%	9.83%
3	GE GE Aerospace SPX	323.76	40.17	$338.27B	0.58%	11.89%	45.43%	16.32%	195.89%
4	GEV GE Vernova Inc. SPXAI	968.32	28.33	$260.21B	0.21%	6.30%	75.71%	8.68%	92.84%
5	RTX RTX Corporation SPX	179.66	33.64	$241.95B	1.54%	9.41%	11.57%	9.72%	9.01%
6	UNP Union Pacific Corporation SPX	262.64	21.60	$155.93B	2.10%	16.19%	40.69%	-0.49%	0.66%
7	ETN Eaton Corporation plc SPXAI	400.60	39.20	$155.55B	1.10%	16.23%	20.84%	9.77%	18.41%
8	HON Honeywell International Inc. NDXSPX	237.86	38.00	$150.72B	2.00%	13.57%	24.26%	1.82%	-1.62%
9	DE Deere & Company SPX	542.18	30.67	$146.45B	1.20%	12.82%	18.35%	-4.50%	-11.00%

Quarterly Results

Figures in USD.

Metric	Jun 2015	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	10.75B	11.06B	-	9.97B	11.78B	11.95B	10.74B	10.47B	12.54B	12.56B	11.44B	8.59B	1.47B	3.06B	4.15B	7.13B	9.15B	9.35B	13.82B	13.97B	12.76B	15.58B	15.49B	13.75B	16.66B	-	-	14.04B	16.65B	16.67B	16.00B	15.85B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11.10B	12.08B	12.60B	12.22B	12.91B
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.94B	4.57B	4.07B	3.78B	2.95B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.37B	2.47B	2.39B	2.31B	2.45B
Operating Income	2.47B	2.21B	1.72B	1.54B	2.42B	1.97B	1.02B	999.00M	1.98B	1.82B	1.16B	844.00M	1.68B	1.65B	1.09B	1.02B	2.13B	2.07B	1.40B	-410.00M	-4.82B	-6.39B	-1.40B	816.00M	2.21B	-783.00M	1.52B	1.46B	-277.00M	2.49B	1.98B	614.00M	2.27B	-	-	569.00M	2.10B	1.68B	1.47B	501.00M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	499.00M	2.75B	1.95B	1.67B	-63.00M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	179.00M	172.00M	171.00M	158.00M	151.00M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	320.00M	2.57B	1.78B	1.51B	-214.00M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	80.00M	444.00M	360.00M	294.00M	75.00M
Net Income	1.49B	1.31B	980.00M	946.00M	1.55B	1.26B	622.00M	561.00M	1.19B	1.16B	299.00M	557.00M	1.04B	1.32B	1.02B	730.00M	1.44B	1.50B	1.10B	-534.00M	-5.72B	-5.38B	-1.18B	652.00M	1.21B	-940.00M	735.00M	695.00M	-363.00M	1.83B	1.11B	37.00M	1.30B	-	-	240.00M	2.13B	1.42B	1.22B	-289.00M
Diluted EPS	1.83	1.65	1.25	1.21	2.03	1.69	0.84	0.77	1.62	1.61	0.42	0.79	1.49	1.92	1.49	1.09	2.21	2.31	1.71	-0.84	-9.01	-8.47	-1.85	1.02	1.89	-1.48	1.15	1.08	-0.57	2.84	1.72	0.06	2.01	-	-	0.37	3.27	2.17	1.86	-0.44

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	39.45B	41.14B	44.44B	47.01B	17.09B	-	50.58B	58.05B	61.64B	63.36B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	39.98B	43.91B	46.48B	48.05B
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	10.60B	14.13B	15.17B	15.31B
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	6.94B	8.61B	9.17B	9.49B
Operating Income	-324.00M	2.22B	1.98B	2.17B	3.40B	2.21B	7.80B	7.00B	5.97B	5.26B	6.62B	-12.47B	-	3.66B	5.52B	6.00B	5.82B
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	5.05B	8.78B	7.92B	9.31B
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	1.03B	834.00M	747.00M	679.00M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	1.91B	5.61B	4.66B	6.18B
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	596.00M	999.00M	1.20B	1.18B
Net Income	-1.24B	593.00M	854.00M	1.01B	10.54B	659.00M	4.53B	4.20B	3.21B	3.94B	4.77B	-12.38B	-	1.32B	4.61B	3.46B	5.00B
Diluted EPS	-1.50	0.70	1.01	1.19	12.29	0.78	5.63	5.55	4.43	5.67	7.30	-19.49	-	2.06	7.17	5.33	7.66

Compounded Sales Growth

5 Years:	7.80%
1 Year:	12.90%

Compounded Profit Growth

5 Years:	56.01%
1 Year:	-

Stock Price Performance

1 Year:	+72.49%
6 Months:	+33.42%
3 Months:	+25.87%
1 Month:	+24.79%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	43.19B	43.50B	44.55B	52.10B	54.01B	53.13B	51.85B	53.67B	60.27B	64.53B	72.00B	-	72.29B	73.64B	75.37B	81.32B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13.01B	10.27B	9.84B	10.97B
Cash & Equivalents	4.25B	4.61B	2.89B	2.66B	2.42B	2.84B	2.09B	1.97B	2.76B	1.81B	1.56B	2.88B	8.31B	-	3.27B	2.74B	3.07B	4.31B
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.42B	1.31B	1.43B	1.60B
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.18B	3.13B	3.22B	2.85B
Total Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	65.71B	62.54B	60.08B	60.46B
Current Liabilities	-	-	11.38B	12.70B	13.27B	14.15B	16.85B	17.53B	15.24B	18.96B	18.58B	20.20B	15.93B	-	25.94B	26.42B	26.67B	27.62B
Long Term Debt	-	-	12.55B	11.23B	10.60B	9.40B	8.19B	6.53B	6.00B	6.29B	7.96B	8.05B	26.53B	-	20.67B	17.07B	14.02B	12.51B
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30.61B	27.28B	22.77B	20.27B
Total Equity	874.00M	245.00M	897.00M	-1.40B	-2.13B	11.64B	8.81B	10.85B	11.28B	12.53B	13.69B	15.36B	1.53B	-	6.58B	11.11B	15.29B	20.85B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	651.80M	654.67M	654.57M	659.67M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	1.38B	2.83B	2.83B	2.48B	4.50B	4.95B	7.93B	7.21B	5.02B	7.01B	8.43B	-3.79B	-	6.36B	6.46B	8.03B	8.34B
Investing Cash Flow	-1.01B	-2.03B	-1.50B	-1.96B	-2.76B	-2.46B	-3.96B	-2.15B	-5.27B	-4.39B	-4.56B	-9.24B	-	-6.92B	-3.15B	-3.74B	-4.19B
Financing Cash Flow	-19.00M	-2.52B	-1.57B	-755.00M	-1.32B	-3.24B	-4.09B	-4.26B	-730.00M	-1.73B	-2.88B	19.36B	-	-4.54B	-3.39B	-4.26B	-3.08B
Capital Expenditure	-	-	-	-	-	-	-	-	-	-	-	-	-	-6.37B	-5.32B	-5.14B	-4.50B
Free Cash Flow	-	-	-	-	-	-	-	-	-	-	-	-	-	-3.00M	1.14B	2.88B	3.84B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-5.10B	-78.00M	26.00M	1.08B
Share Buybacks	-	-	0	0	250.00M	1.10B	2.20B	2.60B	1.68B	1.57B	2.03B	344.00M	0	0	-	-	-
Dividends Paid	-	-	0	0	102.00M	251.00M	359.00M	509.00M	731.00M	909.00M	980.00M	260.00M	0	0	128.00M	321.00M	440.00M

Ratios (Annual)

Figures in %.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	21.0%	24.4%	24.6%	24.2%
Operating Margin %	-	-	-	-	-	-	-	17.7%	14.5%	11.8%	14.1%	-72.9%	-	7.2%	9.5%	9.7%	9.2%
Net Margin %	-	-	-	-	-	-	-	10.6%	7.8%	8.9%	10.1%	-72.4%	-	2.6%	7.9%	5.6%	7.9%
ROE %	-504.9%	66.1%	-61.2%	-47.3%	90.5%	7.5%	41.7%	37.2%	25.6%	28.7%	31.0%	-807.4%	-	20.0%	41.5%	22.6%	24.0%
ROCE %	-	7.0%	6.4%	7.0%	9.0%	5.9%	21.9%	19.1%	17.2%	12.6%	14.9%	-22.2%	-	7.9%	11.7%	12.3%	10.8%

Shareholding Pattern

Insiders

6.53%

Institutions

83.77%

Public Float

89.62%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	6.72%	44.12M	$3.64B
2	Vanguard Capital Management LLC	6.38%	41.94M	$3.46B
3	Berkshire Hathaway, Inc	6.06%	39.81M	$3.28B
4	Sanders Capital, LLC	4.49%	29.47M	$2.43B
5	FMR, LLC	4.19%	27.50M	$2.27B
6	Vanguard Portfolio Management LLC	4.17%	27.38M	$2.26B
7	State Street Corporation	3.57%	23.46M	$1.93B
8	Capital International Investors	3.13%	20.57M	$1.70B
9	Harris Associates L.P.	2.74%	18.00M	$1.48B
10	Geode Capital Management, LLC	2.74%	17.97M	$1.48B

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