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	Nov 2, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	54,587	45,015	38,787	25,762	21,031	24,925
Market Cap Growth	42.27%	16.06%	50.56%	22.49%	-15.62%	-2.40%
Enterprise Value	70,735	63,302	60,298	48,656	44,599	47,020
Last Close Price	83.42	68.67	59.15	38.91	31.63	37.62

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 2, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	16.65	8.99	11.22	5.59	15.96	89.02
Forward PE	12.81	10.33	8.24	6.83	6.15	22.05
PS Ratio	0.76	0.71	0.63	0.44	0.42	0.83
PB Ratio	2.42	2.16	2.54	2.32	3.20	6.41
P/TBV Ratio	8.03	8.77	-	-	-	-
P/FCF Ratio	18.06	11.71	13.45	22.58	-	1466.18
P/OCF Ratio	6.82	5.40	4.83	3.99	3.31	7.64
PEG Ratio	0.77	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	Nov 2, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
EV/Sales Ratio	0.99	1.00	0.98	0.84	0.88	1.57
EV/EBITDA Ratio	9.42	8.15	7.54	6.68	7.75	-
EV/EBIT Ratio	13.51	11.22	10.38	9.22	11.29	-
EV/FCF Ratio	23.41	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	Nov 2, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Debt / Equity Ratio	0.89	1.02	1.56	2.56	4.82	9.21
Debt / EBITDA Ratio	1.61	1.73	1.98	2.64	3.59	16.05
Debt / FCF Ratio	6.60	5.56	8.27	24.87	-	2104.65
Net Debt / Equity Ratio	0.72	0.82	1.36	2.21	3.83	6.29
Net Debt / EBITDA Ratio	2.15	2.20	2.60	3.37	4.38	-51.17
Net Debt / FCF Ratio	5.34	4.44	7.21	21.48	-8392.00	1438.82
Asset Turnover	0.87	0.81	0.83	0.80	0.70	0.41
Inventory Turnover	28.21	33.28	35.28	33.50	32.46	30.31
Quick Ratio	0.24	0.26	0.24	0.27	0.37	0.66
Current Ratio	0.40	0.40	0.37	0.39	0.50	0.76
Return on Equity (ROE)	15.91%	27.69%	26.19%	52.12%	25.18%	10.33%
Return on Assets (ROA)	3.95%	4.50%	4.87%	4.52%	3.41%	-1.88%
Return on Invested Capital (ROIC)	10.23%	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	Nov 2, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Earnings Yield	6.01%	11.12%	8.91%	17.89%	6.27%	1.12%
FCF Yield	5.54%	8.54%	7.44%	4.43%	-0.01%	0.07%
Dividend Yield	1.03%	1.03%	0.91%	0.74%	-	-
Payout Ratio	17.16%	8.79%	9.29%	2.78%	-	-
Buyback Yield / Dilution	-0.69%	-0.93%	-0.78%	-0.31%	-0.31%	-0.79%
Total Shareholder Return	0.34%	0.10%	0.13%	0.43%	-0.31%	-0.79%

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Oct 9, 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:

Oct 30, 2026

Data Sources Report a data error