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DAL · NYSE · United States · Air Transportation, Scheduled
In shortDELTA AIR LINES, INC. is profitable, generates cash and carries moderate debt, with revenue growing (+2.8% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 9.2% | 47/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 7.9% | 52/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 27.7% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 13.8% | 92/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.40× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.64× | 76/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 1.09× | 83/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | – | n/a |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 0.03 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 6.1% | 44/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.77× | 58/100 |
| Years with positive free cash flow (last 5) | 4 of 5 | 75/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 35.4% | 0/100 |
| Operating margin volatility | 1.5% | 95/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 7.8% | 60/100 |
|---|---|---|
| EPS growth, 3-year average | 54.9% | 100/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 29,899 | 50,582 | 58,048 | 61,643 | 63,364 |
| Operating income | 1,886 | 3,661 | 5,521 | 5,995 | 5,822 |
| Pre-tax income | 398 | 1,914 | 5,608 | 4,658 | 6,185 |
| Income tax | 118 | 596 | 999 | 1,201 | 1,180 |
| Net income | 280 | 1,318 | 4,609 | 3,457 | 5,005 |
| Diluted EPS | $0.44 | $2.06 | $7.17 | $5.33 | $7.66 |
| Diluted shares (millions) | 641 | 641 | 643 | 648 | 654 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of DELTA AIR LINES, INC. are included in the Investor plan. Try free for 7 days →
0.03 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Sep 30, 2026 · Data updated Oct 9, 2026