Delta Air Lines, Inc. (DAL)

Delta Air Lines Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 21, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	53,902	45,015	38,787	25,762	21,031	24,925
Market Cap Growth	39.80%	16.06%	50.56%	22.49%	-15.62%	-2.40%
Enterprise Value	70,321	63,302	60,298	48,656	44,599	47,020
Last Close Price	82.41	68.86	59.32	39.02	31.72	37.72

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 21, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	13.67	8.99	11.22	5.59	15.96	89.02
Forward PE	9.85	10.33	8.24	6.83	6.15	22.05
PS Ratio	0.79	0.71	0.63	0.44	0.42	0.83
PB Ratio	2.47	2.16	2.54	2.32	3.20	6.41
P/TBV Ratio	8.84	8.77	-	-	-	-
P/FCF Ratio	15.81	11.71	13.45	22.58	-	1466.18
P/OCF Ratio	6.63	5.40	4.83	3.99	3.31	7.64
PEG Ratio	0.58	1.28	0.96	0.20	1.74	1.74

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 21, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
EV/Sales Ratio	1.03	1.00	0.98	0.84	0.88	1.57
EV/EBITDA Ratio	9.37	8.15	7.54	6.68	7.75	-
EV/EBIT Ratio	13.28	11.22	10.38	9.22	11.29	-
EV/FCF Ratio	20.62	16.47	20.90	42.64	-	2765.89

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 21, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Debt / Equity Ratio	0.97	1.02	1.56	2.56	4.82	9.21
Debt / EBITDA Ratio	1.72	1.73	1.98	2.64	3.59	16.05
Debt / FCF Ratio	6.18	5.56	8.27	24.87	-	2104.65
Net Debt / Equity Ratio	0.75	0.82	1.36	2.21	3.83	6.29
Net Debt / EBITDA Ratio	2.19	2.20	2.60	3.37	4.38	-51.17
Net Debt / FCF Ratio	4.82	4.44	7.21	21.48	-8392.00	1438.82
Asset Turnover	0.83	0.81	0.83	0.80	0.70	0.41
Inventory Turnover	27.19	33.28	35.28	33.50	32.46	30.31
Quick Ratio	0.27	0.26	0.24	0.27	0.37	0.66
Current Ratio	0.42	0.40	0.37	0.39	0.50	0.76
Return on Equity (ROE)	20.13%	27.69%	26.19%	52.12%	25.18%	10.33%
Return on Assets (ROA)	4.02%	4.50%	4.87%	4.52%	3.41%	-1.88%
Return on Invested Capital (ROIC)	10.98%	12.34%	12.03%	12.88%	9.05%	-5.84%
Return on Capital Employed (ROCE)	10.00%	10.50%	11.90%	11.20%	8.50%	-4.20%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 21, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Earnings Yield	7.33%	11.12%	8.91%	17.89%	6.27%	1.12%
FCF Yield	6.33%	8.54%	7.44%	4.43%	-0.01%	0.07%
Dividend Yield	1.04%	1.03%	0.93%	0.77%	-	-
Payout Ratio	14.27%	8.79%	9.29%	2.78%	-	-
Buyback Yield / Dilution	-0.92%	-0.93%	-0.78%	-0.31%	-0.31%	-0.79%
Total Shareholder Return	0.12%	0.11%	0.15%	0.46%	-0.31%	-0.79%

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Jul 10, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 22, 2026

Data Sources Report a data error