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	Jul 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Cap	57,944	45,330	39,112	25,886	21,072	25,010
Market Cap Growth	59.58%	15.90%	51.09%	22.84%	-15.75%	-2.54%
Enterprise Value	74,363	62,394	59,914	50,399	46,248	49,470
Last Close Price	88.59	69.40	60.50	40.23	32.86	39.08

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	14.70	9.06	11.35	5.61	15.95	88.82
Forward PE	10.53	10.33	8.24	6.83	6.15	22.05
PEG Ratio	0.60	1.28	0.96	0.20	1.74	1.74
PS Ratio	0.85	0.72	0.63	0.45	0.42	0.84
PB Ratio	2.66	2.17	2.56	2.33	3.20	6.43
P/TBV Ratio	9.51	8.84	-	-	-	-
P/FCF Ratio	16.99	11.80	13.56	22.69	-	1471.17
P/OCF Ratio	7.12	5.43	4.87	4.00	3.31	7.66

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
EV/Sales Ratio	1.09	0.98	0.97	0.87	0.91	1.65
EV/EBITDA Ratio	13.48	7.55	7.04	6.41	8.02	12.74
EV/EBIT Ratio	13.48	10.72	9.99	9.13	12.63	26.23
EV/FCF Ratio	21.81	16.24	20.77	44.17	-	2910.00

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Debt / Equity Ratio	0.77	0.91	1.37	2.22	4.35	8.57
Debt / EBITDA Ratio	3.82	2.59	2.81	3.61	5.50	9.21
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	2.98	2.07	2.44	3.12	4.37	6.30
Net Debt / FCF Ratio	4.82	4.44	7.21	21.48	-8392.00	1438.82
Asset Turnover	0.81	0.81	0.83	0.80	0.70	0.41
Inventory Turnover	22.05	29.23	31.05	29.36	29.59	28.04
Quick Ratio	0.27	0.26	0.24	0.26	0.37	0.65
Current Ratio	0.42	0.40	0.37	0.39	0.50	0.76
Return on Equity (ROE)	18.52%	27.69%	26.19%	52.12%	25.18%	10.33%
Return on Assets (ROA)	5.11%	6.01%	5.97%	6.22%	3.48%	1.84%
Return on Invested Capital (ROIC)	11.44%	12.73%	12.41%	13.47%	8.39%	5.06%
Return on Capital Employed (ROCE)	10.37%	11.37%	12.50%	11.80%	7.48%	3.51%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Earnings Yield	6.82%	11.04%	8.81%	17.82%	6.27%	1.13%
FCF Yield	5.88%	8.48%	7.38%	4.41%	-	0.07%
Dividend Yield	0.97%	0.98%	0.83%	0.50%	0.00%	0.00%
Payout Ratio	14.27%	8.79%	9.29%	2.78%	0.00%	0.00%
Buyback Yield / Dilution	-0.92%	-0.93%	-0.78%	-0.31%	0.00%	-0.79%
Total Shareholder Return	0.05%	0.05%	0.05%	0.19%	0.00%	-0.79%

SEC Filings: 10-K · 10-Q

Data Source: Fiscal.ai Last updated: Jul 10, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 26, 2026

Data Sources Report a data error