Atlanta-based Delta Air Lines is one of the world's largest airlines, with a network of over 300 destinations in more than 50 countries. Delta operates a hub-and-spoke network, where it gathers and distributes passengers across the globe through its biggest hubs in Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. Delta has historically earned most of its international revenue and profits from flying passengers over the Atlantic Ocean.
Employees103,000IPOAug 27, 2021SIC4512HQPost Office Box 20706, Atlanta, GA, USA, 30320-6001
to
Financials
Profitability
Metric
Current
Margins
Gross Margin
24.2%
Operating Margin
9.2%
EBITDA Margin
10.8%
Net Margin
7.9%
OCF Margin
—
FCF Margin
6.1%
Returns on Capital
ROE
28.5%
ROA
6.4%
ROIC
5.6%
ROCE
13.7%
ROC (Greenblatt)
15.2%
3Y ROIIC
20.2%
Consistency
Years Profitable / 10Y
9
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
7.99
Forward P/E
9.14
P/E ex-NRI
10.43
Shiller P/E (CAPE)
21.05
Cash Flow Multiples
P/FCF
10.44
P/OCF
4.81
P/Owner Earnings
15.22
FCF Yield
9.60%
Enterprise Value Multiples
EV / EBIT
8.15
EV / Forward EBIT
7.67
EV / EBITDA
8.15
EV / Forward EBITDA
5.57
EV / Revenue
0.88
EV / Forward Revenue
0.89
Asset / Sales
P/S
0.63
P/B
1.92
P/Tangible Book
7.80
Growth-Adjusted
PEG
—
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
1.16%
Forward Dividend Yield
1.23%
3Y Dividend Growth
0.0%
Payout Ratio
0.11
5Y Yield on Cost
1.09%
Buybacks & Dilution
3Y Buyback Ratio
−0.60%
5Y Share Change
2.8%
Combined
Shareholder Yield
9.56%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
0.97
Gross Debt / EBITDA
2.95
Cash / Debt
0.21
Equity / Assets
0.26
Coverage
Interest Coverage
8.56
Short-Term Liquidity
Current Ratio
0.40
Quick Ratio
0.34
Cash Ratio
0.16
Composite Scores
Piotroski F-Score
7
Altman Z-Score
1.44
Split History
Date
Split
No split history found.
Ex-date
Amount
Pay date
2026-02-26
$0.1875
2026-03-19
2025-10-16
$0.1875
2025-11-06
2025-07-31
$0.1875
2025-08-21
2025-05-13
$0.15
2025-06-03
2025-02-27
$0.15
2025-03-20
2024-10-10
$0.15
2024-10-31
2024-07-30
$0.15
2024-08-20
2024-05-13
$0.1
2024-06-04
2024-02-23
$0.1
2024-03-18
2023-10-11
$0.1
2023-11-02
10 of 11
View allDate
Transcript
Type
2026-07-10
Q2 2026 Delta Air Lines Inc Earnings Call Transcript
Earnings Call
2026-06-18
Delta Air Lines Inc Annual Shareholders Meeting Transcript
Shareholders and Annual Meetings
2026-06-03
Delta Air Lines Inc at TD Cowen Future of the Consumer Conference Transcript
Conference Presentations
2026-04-08
Q1 2026 Delta Air Lines Inc Earnings Call Transcript
Earnings Call
2026-03-17
Delta Air Lines Inc at JPMorgan Industrials Conference Transcript
Conference Presentations
2026-01-13
Q4 2025 Delta Air Lines Inc Earnings Call Transcript
Earnings Call
2025-12-03
Delta Air Lines Inc at Morgan Stanley Global Consumer & Retail Conference Transcript
Conference Presentations
2025-10-09
Q3 2025 Delta Air Lines Inc Earnings Call Transcript
Earnings Call
2025-07-10
Q2 2025 Delta Air Lines Inc Earnings Call Transcript
Earnings Call
2025-04-09
Q1 2025 Delta Air Lines Inc Earnings Call Transcript
Earnings Call
10 of 60
5-Step DuPont Analysis
ROE %
27.70%
×
×
Net Margin %
7.90%
×
×
Operating Margin %
9.19%
Operating Income
$5.82B
÷
Revenue
$63.36B
×
Tax Burden
0.8095
Net Income
$5.01B
÷
Pretax Income
$6.18B
×
Interest Burden
1.0622
Pretax Income
$6.18B
÷
Operating Income
$5.82B
×
Asset Turnover
0.81
÷
Revenue
$63.36B
÷
Average Total Assets
$78.34B
Begin Total Assets
$75.37B
End Total Assets
$81.32B
×
Equity Multiplier
4.33
÷
Avg Total Assets
$78.34B
÷
Avg Stockholders Equity
$18.07B
Begin Equity
$15.29B
End Equity
$20.85B