DELTA AIR LINES INC (DAL) Stock Fundamental Analysis

NYSE:DAL • US2473617023

65.7 USD
-4.81 (-6.82%)
At close: Feb 27, 2026
65.661 USD
-0.04 (-0.06%)
After Hours: 2/27/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to DAL. DAL was compared to 22 industry peers in the Passenger Airlines industry. DAL scores excellent on profitability, but there are concerns on its financial health. DAL scores decently on growth, while it is valued quite cheap. This could make an interesting combination.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • In the past year DAL was profitable.
  • In the past year DAL had a positive cash flow from operations.
  • Each year in the past 5 years DAL has been profitable.
  • DAL had a positive operating cash flow in each of the past 5 years.
DAL Yearly Net Income VS EBIT VS OCF VS FCFDAL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B -10B

1.2 Ratios

  • DAL's Return On Assets of 6.17% is amongst the best of the industry. DAL outperforms 86.36% of its industry peers.
  • The Return On Equity of DAL (24.12%) is better than 86.36% of its industry peers.
  • With an excellent Return On Invested Capital value of 8.44%, DAL belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
  • DAL had an Average Return On Invested Capital over the past 3 years of 9.49%. This is significantly below the industry average of 20.65%.
Industry RankSector Rank
ROA 6.17%
ROE 24.12%
ROIC 8.44%
ROA(3y)5.67%
ROA(5y)3.84%
ROE(3y)29.41%
ROE(5y)23.09%
ROIC(3y)9.49%
ROIC(5y)N/A
DAL Yearly ROA, ROE, ROICDAL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -200 -400 -600 -800

1.3 Margins

  • With an excellent Profit Margin value of 7.90%, DAL belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
  • In the last couple of years the Profit Margin of DAL has grown nicely.
  • DAL has a Operating Margin of 9.19%. This is amongst the best in the industry. DAL outperforms 81.82% of its industry peers.
  • DAL's Operating Margin has improved in the last couple of years.
  • The Gross Margin of DAL (50.49%) is comparable to the rest of the industry.
  • DAL's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 9.19%
PM (TTM) 7.9%
GM 50.49%
OM growth 3Y9.53%
OM growth 5YN/A
PM growth 3Y44.73%
PM growth 5YN/A
GM growth 3Y5.38%
GM growth 5Y13.34%
DAL Yearly Profit, Operating, Gross MarginsDAL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40 -60

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so DAL is still creating some value.
  • DAL has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for DAL has been increased compared to 5 years ago.
  • Compared to 1 year ago, DAL has an improved debt to assets ratio.
DAL Yearly Shares OutstandingDAL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
DAL Yearly Total Debt VS Total AssetsDAL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B

2.2 Solvency

  • The Debt to FCF ratio of DAL is 3.67, which is a good value as it means it would take DAL, 3.67 years of fcf income to pay off all of its debts.
  • DAL has a Debt to FCF ratio of 3.67. This is amongst the best in the industry. DAL outperforms 95.45% of its industry peers.
  • DAL has a Debt/Equity ratio of 0.60. This is a neutral value indicating DAL is somewhat dependend on debt financing.
  • The Debt to Equity ratio of DAL (0.60) is better than 86.36% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.6
Debt/FCF 3.68
Altman-Z N/A
ROIC/WACC0.91
WACC9.28%
DAL Yearly LT Debt VS Equity VS FCFDAL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B

2.3 Liquidity

  • A Current Ratio of 0.40 indicates that DAL may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.40, DAL is doing worse than 72.73% of the companies in the same industry.
  • DAL has a Quick Ratio of 0.40. This is a bad value and indicates that DAL is not financially healthy enough and could expect problems in meeting its short term obligations.
  • DAL's Quick ratio of 0.34 is on the low side compared to the rest of the industry. DAL is outperformed by 72.73% of its industry peers.
Industry RankSector Rank
Current Ratio 0.4
Quick Ratio 0.34
DAL Yearly Current Assets VS Current LiabilitesDAL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • The earnings per share for DAL have decreased by -5.52% in the last year.
  • The Earnings Per Share has been growing by 22.07% on average over the past years. This is a very strong growth
  • Looking at the last year, DAL shows a small growth in Revenue. The Revenue has grown by 2.79% in the last year.
  • Measured over the past years, DAL shows a very strong growth in Revenue. The Revenue has been growing by 29.96% on average per year.
EPS 1Y (TTM)-5.52%
EPS 3Y22.07%
EPS 5YN/A
EPS Q2Q%-16.22%
Revenue 1Y (TTM)2.79%
Revenue growth 3Y7.8%
Revenue growth 5Y29.96%
Sales Q2Q%1.17%

3.2 Future

  • The Earnings Per Share is expected to grow by 0.03% on average over the next years.
  • DAL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.95% yearly.
EPS Next Y24.84%
EPS Next 2Y20.02%
EPS Next 3Y16.08%
EPS Next 5Y0.03%
Revenue Next Year7.21%
Revenue Next 2Y6.42%
Revenue Next 3Y5.91%
Revenue Next 5Y4.95%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
DAL Yearly Revenue VS EstimatesDAL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 20B 40B 60B
DAL Yearly EPS VS EstimatesDAL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 5 -5 -10

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Find the best growth stocksShow best growing peers

9

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 11.29, the valuation of DAL can be described as reasonable.
  • Based on the Price/Earnings ratio, DAL is valued cheaply inside the industry as 86.36% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 27.07. DAL is valued rather cheaply when compared to this.
  • With a Price/Forward Earnings ratio of 9.04, the valuation of DAL can be described as very reasonable.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of DAL indicates a rather cheap valuation: DAL is cheaper than 81.82% of the companies listed in the same industry.
  • DAL is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.05, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 11.29
Fwd PE 9.04
DAL Price Earnings VS Forward Price EarningsDAL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, DAL is valued a bit cheaper than 77.27% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of DAL indicates a rather cheap valuation: DAL is cheaper than 86.36% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 11.17
EV/EBITDA 6.38
DAL Per share dataDAL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • DAL's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • DAL has an outstanding profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as DAL's earnings are expected to grow with 16.08% in the coming years.
PEG (NY)0.45
PEG (5Y)N/A
EPS Next 2Y20.02%
EPS Next 3Y16.08%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 1.06%, DAL has a reasonable but not impressive dividend return.
  • DAL's Dividend Yield is a higher than the industry average which is at 0.83.
  • With a Dividend Yield of 1.06, DAL pays less dividend than the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 1.06%

5.2 History

  • The dividend of DAL decreases each year by -14.50%.
  • DAL has been paying a dividend for at least 10 years, so it has a reliable track record.
  • The dividend of DAL decreased recently.
Dividend Growth(5Y)-14.5%
Div Incr Years1
Div Non Decr Years1
DAL Yearly Dividends per shareDAL Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2023 2024 2025 2026 0.5 1

5.3 Sustainability

  • 8.79% of the earnings are spent on dividend by DAL. This is a low number and sustainable payout ratio.
DP8.79%
EPS Next 2Y20.02%
EPS Next 3Y16.08%
DAL Yearly Income VS Free CF VS DividendDAL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B -10B
DAL Dividend Payout.DAL Dividend Payout, showing the Payout Ratio.DAL Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

DELTA AIR LINES INC

NYSE:DAL (2/27/2026, 8:04:00 PM)

After market: 65.661 -0.04 (-0.06%)

65.7

-4.81 (-6.82%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)01-13
Earnings (Next)04-07
Inst Owners82.88%
Inst Owner Change4.72%
Ins Owners0.29%
Ins Owner Change23.03%
Market Cap42.90B
Revenue(TTM)63.36B
Net Income(TTM)5.01B
Analysts83.75
Price Target83.13 (26.53%)
Short Float %2.46%
Short Ratio1.97
Dividend
Industry RankSector Rank
Dividend Yield 1.06%
Yearly Dividend0.68
Dividend Growth(5Y)-14.5%
DP8.79%
Div Incr Years1
Div Non Decr Years1
Ex-Date02-26
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.52%
Min EPS beat(2)0.51%
Max EPS beat(2)10.53%
EPS beat(4)4
Avg EPS beat(4)7.87%
Min EPS beat(4)0.51%
Max EPS beat(4)19.21%
EPS beat(8)6
Avg EPS beat(8)6.8%
EPS beat(12)9
Avg EPS beat(12)4.94%
EPS beat(16)11
Avg EPS beat(16)3.37%
Revenue beat(2)0
Avg Revenue beat(2)-0.81%
Min Revenue beat(2)-1.57%
Max Revenue beat(2)-0.05%
Revenue beat(4)0
Avg Revenue beat(4)-0.85%
Min Revenue beat(4)-1.57%
Max Revenue beat(4)-0.05%
Revenue beat(8)1
Avg Revenue beat(8)-0.84%
Revenue beat(12)3
Avg Revenue beat(12)-0.21%
Revenue beat(16)7
Avg Revenue beat(16)1.23%
PT rev (1m)2.39%
PT rev (3m)14.78%
EPS NQ rev (1m)-0.61%
EPS NQ rev (3m)2.6%
EPS NY rev (1m)0.26%
EPS NY rev (3m)-0.25%
Revenue NQ rev (1m)-0.01%
Revenue NQ rev (3m)1.5%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)0.93%
Valuation
Industry RankSector Rank
PE 11.29
Fwd PE 9.04
P/S 0.68
P/FCF 11.17
P/OCF 5.14
P/B 2.07
P/tB 8.52
EV/EBITDA 6.38
EPS(TTM)5.82
EY8.86%
EPS(NY)7.27
Fwd EY11.06%
FCF(TTM)5.88
FCFY8.95%
OCF(TTM)12.77
OCFY19.44%
SpS97.04
BVpS31.78
TBVpS7.71
PEG (NY)0.45
PEG (5Y)N/A
Graham Number64.51
Profitability
Industry RankSector Rank
ROA 6.17%
ROE 24.12%
ROCE 10.88%
ROIC 8.44%
ROICexc 9.18%
ROICexgc 13.49%
OM 9.19%
PM (TTM) 7.9%
GM 50.49%
FCFM 6.06%
ROA(3y)5.67%
ROA(5y)3.84%
ROE(3y)29.41%
ROE(5y)23.09%
ROIC(3y)9.49%
ROIC(5y)N/A
ROICexc(3y)10.26%
ROICexc(5y)N/A
ROICexgc(3y)15.66%
ROICexgc(5y)N/A
ROCE(3y)12.24%
ROCE(5y)N/A
ROICexgc growth 3Y5.76%
ROICexgc growth 5YN/A
ROICexc growth 3Y10.02%
ROICexc growth 5YN/A
OM growth 3Y9.53%
OM growth 5YN/A
PM growth 3Y44.73%
PM growth 5YN/A
GM growth 3Y5.38%
GM growth 5Y13.34%
F-Score7
Asset Turnover0.78
Health
Industry RankSector Rank
Debt/Equity 0.6
Debt/FCF 3.68
Debt/EBITDA 1.51
Cap/Depr 184.24%
Cap/Sales 7.1%
Interest Coverage 250
Cash Conversion 100.92%
Profit Quality 76.71%
Current Ratio 0.4
Quick Ratio 0.34
Altman-Z N/A
F-Score7
WACC9.28%
ROIC/WACC0.91
Cap/Depr(3y)205.39%
Cap/Depr(5y)216.16%
Cap/Sales(3y)8.2%
Cap/Sales(5y)9.61%
Profit Quality(3y)61.64%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-5.52%
EPS 3Y22.07%
EPS 5YN/A
EPS Q2Q%-16.22%
EPS Next Y24.84%
EPS Next 2Y20.02%
EPS Next 3Y16.08%
EPS Next 5Y0.03%
Revenue 1Y (TTM)2.79%
Revenue growth 3Y7.8%
Revenue growth 5Y29.96%
Sales Q2Q%1.17%
Revenue Next Year7.21%
Revenue Next 2Y6.42%
Revenue Next 3Y5.91%
Revenue Next 5Y4.95%
EBIT growth 1Y-2.89%
EBIT growth 3Y18.07%
EBIT growth 5YN/A
EBIT Next Year61.33%
EBIT Next 3Y23.75%
EBIT Next 5Y21.71%
FCF growth 1Y33.1%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y3.94%
OCF growth 3Y9.44%
OCF growth 5YN/A

DELTA AIR LINES INC / DAL FAQ

What is the fundamental rating for DAL stock?

ChartMill assigns a fundamental rating of 6 / 10 to DAL.


What is the valuation status of DELTA AIR LINES INC (DAL) stock?

ChartMill assigns a valuation rating of 9 / 10 to DELTA AIR LINES INC (DAL). This can be considered as Undervalued.


How profitable is DELTA AIR LINES INC (DAL) stock?

DELTA AIR LINES INC (DAL) has a profitability rating of 8 / 10.


What are the PE and PB ratios of DELTA AIR LINES INC (DAL) stock?

The Price/Earnings (PE) ratio for DELTA AIR LINES INC (DAL) is 11.29 and the Price/Book (PB) ratio is 2.07.


What is the financial health of DELTA AIR LINES INC (DAL) stock?

The financial health rating of DELTA AIR LINES INC (DAL) is 3 / 10.