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NYSE · CIK 0000027904 · AIR TRANSPORTATION, SCHEDULED

DELTA AIR LINES, INC.

DAL chart by TradingView
P/E 15.6xP/B 2.8xP/SALES 0.9xEV/EBITDA 8.7xFCF YIELD

PRICE HISTORY

LIVE · NYSE
DAL chart by TradingView
REVENUE FY2025 ENDED DEC 2025
$63.4B
EBITDA
$8.3B
FREE CASH FLOW
$3.8B
EPS
$7.65
GROSS MARGIN
ROIC
16.77%
Q2 FY26ENDED JUN 2026HOVERDRAG ACROSS ANY CHART TO SCRUB ALL 24 · 40 QUARTERS SHOWNVALUATIONGROWTHPROFITABILITY & RETURNSCASH & CAPITALBALANCE SHEET

VALUATION

what you pay for a unit of the business7 CHARTS

P / E RATIO (TTM)

15.6x
+152%
LATEST · Q2 FY26
15.6xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
5.2x216.7x

P / SALES (TTM)

0.9x
+22%
LATEST · Q2 FY26
0.9xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
0.4x2.4x

P / BOOK

2.8x
+21%
LATEST · Q2 FY26
2.8xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
1.3x63.7x

EV / EBITDA (TTM)

8.7x
+89%
LATEST · Q2 FY26
8.7xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
3.1x32.6x

EV / REVENUE (TTM)

1.0x
-1%
LATEST · Q2 FY26
1.0xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
0.5x3.9x

FCF YIELD (TTM)

-4.9pp
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-22.29%13.95%

DIVIDEND YIELD (TTM)

-1.6pp
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
0.00%5.47%

GROWTH

is the business getting bigger5 CHARTS

REVENUE

$19.8B
+88%
LATEST · Q2 FY26
19.8BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EBITDA (DERIVED)

$2.5B
+3%
LATEST · Q2 FY26
2.5BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

NET INCOME

$1.6B
+27%
LATEST · Q2 FY26
1.6BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

EPS (DILUTED)

$2.44
+44%
LATEST · Q2 FY26
2.44Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

REVENUE GROWTH YOY

18.67%
+24.3pp
LATEST · Q2 FY26
18.67%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-88.29%385.42%

PROFITABILITY & RETURNS

what survives to the bottom, and what it earns on capital4 CHARTS

FCF MARGIN

-3.4pp
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-88.44%15.51%

RETURN ON CAPITAL

13.14%
-13.9pp
LATEST · Q2 FY26
13.14%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-66.83%27.02%

RETURN ON EQUITY (TTM)

18.11%
-19.7pp
LATEST · Q2 FY26
18.11%Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
-2702.90%44.92%

MARGIN FUNNEL

every line is a share of the same revenue, so they read on one scale — the gaps are what each layer takes out, and net rises above operating when income arrives from outside the business
GROSS MARGIN
OPERATING MARGIN9.43%
NET MARGIN8.12%
FCF MARGIN
65.44-58.62-182.68-306.74-430.79OPERNETFCFQ3 FY16Q3 FY17Q3 FY18Q3 FY19Q3 FY20Q3 FY21Q3 FY22Q3 FY23Q3 FY24Q3 FY25Q2 FY26

CASH & CAPITAL

where the money actually goes5 CHARTS

FREE CASH FLOW

+5%
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

STOCK-BASED COMP

LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

CAPITAL EXPENDITURE

+76%
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

SHARES OUTSTANDING

0.66B
-12%
LATEST · Q2 FY26
0.66BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DIVIDEND / SHARE

-6%
LATEST · Q2 FY26
Q3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

BALANCE SHEET

how much cushion there is3 CHARTS

CASH & EQUIVALENTS

$4.7B
+185%
LATEST · Q2 FY26
4.7BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

TOTAL DEBT

$12.9B
+84%
LATEST · Q2 FY26
12.9BQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26

DEBT / EBITDA (TTM)

1.6x
+103%
LATEST · Q2 FY26
1.6xQ3 FY16Q3 FY18Q3 FY20Q3 FY22Q3 FY24Q2 FY26
0.8x24.2x

OWNERSHIP

10 LARGEST HOLDERS · WHO OWNS THE FLOAT
INSTITUTIONS 83.20%INSIDERS 6.51%OTHER / RETAIL 10.28%1,861 INSTITUTIONAL FILERS
HOLDER% HELDSHARESVALUECHANGE
Blackrock Inc.6.71%44.1M$4.03B-1.3%
Vanguard Capital Management LLC6.38%41.9M$3.83BNEW
Berkshire Hathaway, Inc6.05%39.8M$3.64BNEW
Sanders Capital, LLC4.48%29.5M$2.69B-0.4%
FMR, LLC4.18%27.5M$2.51B+0.3%
Vanguard Portfolio Management LLC4.16%27.4M$2.50BNEW
State Street Corporation3.57%23.5M$2.14B+1.3%
Capital International Investors3.13%20.6M$1.88B-15.0%
Harris Associates L.P.2.74%18.0M$1.64B-8.5%
Geode Capital Management, LLC2.73%18.0M$1.64B+3.2%
AS OF 2026-03-31 · MOST RECENT 13F FILINGS
SOURCE → 10-K · 10-Q · 8-K / GUIDANCE · ALL FILINGS
FILING DATA AS OF 2026-08-10. Figures are derived from public SEC EDGAR filings (40most recent quarters shown, Q4 implied as full-year minus Q1-Q3). Valuation multiples use each period’s fiscal period-end close. Live price charts and quotes are provided by TradingView. This page is informational only — it is not investment advice, and figures are not warranted for accuracy. EBITDA is not a GAAP measure; it is derived as operating income + D&A. Verify against the linked source filing before relying on any number here.