Delta Air Lines, Inc. — DAL
| Close Price | Market Cap | P/E Ratio | Forward P/E Ratio | Implied Growth* | Implied Forward Growth* | Dividend | P/B Ratio |
|---|---|---|---|---|---|---|---|
| $60.98 | $39.82B | 8.9 | 8.7 | 2.9% | 2.7% | $0.75 124.0% | 2.3 |
Revenue & Net Income
| Date | Revenue | Net Income | EPS | Revenue Change | Net Income Change | EPS Change | |
|---|---|---|---|---|---|---|---|
| 0 | 2020-12-31 | $17.1B | $-12.4B | $-19.49 | N/A | N/A | N/A |
| 1 | 2021-12-31 | $29.9B | $280.0M | $0.44 | 74.9% | -102.3% | -102.3% |
| 2 | 2022-12-31 | $50.6B | $1.3B | $2.07 | 69.2% | 370.7% | 370.5% |
| 3 | 2023-12-31 | $58.0B | $4.6B | $7.21 | 14.8% | 249.7% | 248.3% |
| 4 | 2024-12-31 | $61.6B | $3.5B | $5.39 | 6.2% | -25.0% | -25.2% |
| 5 | TTM 2025-03-31 | $61.9B | $3.7B | $5.64 | 0.5% | 5.9% | 4.6% |
| 6 | Average | 33.1% | 99.8% | 99.2% |
EPS
Forecasts
Y/Y % Change
DAL Year-over-Year Growth
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Average | |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth (%) | 74.9% | 69.2% | 14.8% | 6.2% | 0.3% | 4.3% | 28.3% | |
| Revenue Analysts (#) | 0 | 0 | 0 | 0 | 0 | 6 | 6 | |
| EPS Growth (%) | -102.3% | 370.7% | 249.7% | -25.0% | 6.3% | 19.7% | 86.5% | |
| EPS Analysts (#) | 0 | 0 | 0 | 0 | 0 | 9 | 9 |
Expenses
| Year | Revenue ($) | Cost of Revenue ($) | Sales & Marketing ($) | G&A ($) | SG&A ($) | Facilities / D&A ($) | Personnel ($) |
|---|---|---|---|---|---|---|---|
| 2021 | $29.9B | $25.7B | $953.0M | $-343.0M | $610.0M | $2.0B | $-343.0M |
| 2022 | $50.6B | $37.3B | $1.9B | $563.0M | $2.5B | $2.1B | $563.0M |
| 2023 | $58.0B | $40.2B | $2.3B | $1.4B | $3.7B | $2.3B | $1.4B |
| 2024 | $61.6B | $42.6B | $2.5B | $1.4B | $3.9B | $2.5B | $1.4B |
| TTM | $61.9B | $41.4B | $2.5B | $1.3B | $3.8B | $3.9B | $1.3B |
| Year | Revenue Change (%) | Cost of Revenue Change (%) | Sales & Marketing Change (%) | G&A Change (%) | SG&A Change (%) | Facilities / D&A Change (%) | Personnel Change (%) |
|---|---|---|---|---|---|---|---|
| 2022 | 69.18 | 45.42 | 98.43 | -264.14 | 302.30 | 5.46 | -264.14 |
| 2023 | 14.76 | 7.70 | 23.43 | 145.65 | 51.47 | 11.11 | 145.65 |
| 2024 | 6.19 | 5.93 | 6.47 | 0.43 | 4.22 | 7.35 | 0.43 |
| TTM | 0.46 | -2.83 | 0.12 | -3.60 | -1.21 | 55.67 | -3.60 |
No unmapped expenses.
Segment Performance
SEGMENTS v2025-09-09 · 2025-09-05 14:58 UTC — Values are shown in a single scale for this table: $B. TTM values are bold. “% of Total (TTM)” shows revenue mix.
| Segment | 2022 Rev ($B) | 2022 OI ($B) | 2023 Rev ($B) | 2023 OI ($B) | 2024 Rev ($B) | 2024 OI ($B) | TTM Rev ($B) | TTM OI ($B) | % of Total (TTM) |
|---|---|---|---|---|---|---|---|---|---|
| Passenger | 161B | 0.00B | 196B | 0.00B | 204B | 0.00B | 205B | 0.00B | 72.6% |
| Passenger Air Traffic | 35.6B | 0.00B | 43.6B | 0.00B | 45.1B | 0.00B | 45.1B | 0.00B | 16.0% |
| Product And Service Other | 18.6B | 0.00B | 16.8B | 0.00B | 19.9B | 0.00B | 19.5B | 0.00B | 6.9% |
| Product And Service Other Refinery | 4.98B | 0.00B | 3.38B | 0.00B | 4.64B | 0.00B | 4.30B | 0.00B | 1.5% |
| Passenger Loyalty Travel Awards | 2.90B | 0.00B | 3.46B | 0.00B | 3.84B | 0.00B | 4.17B | 0.00B | 1.5% |
| Product And Service Other Loyalty Program | 2.60B | 0.00B | 3.09B | 0.00B | 3.30B | 0.00B | 3.35B | 0.00B | 1.2% |
| Passenger Travel Related Services | 1.69B | 0.00B | 1.85B | 0.00B | 1.96B | 0.00B | 2.00B | 0.00B | 0.7% |
| Product And Service Other Miscellaneous | 0.89B | 0.00B | 1.10B | 0.00B | 1.22B | 0.00B | 1.21B | 0.00B | 0.4% |
| Product And Service Other Ancillary Businesses | 0.85B | 0.00B | 0.84B | 0.00B | 0.77B | 0.00B | 0.88B | 0.00B | 0.3% |
| Cargo And Freight | 1.05B | 0.00B | 0.72B | 0.00B | 0.82B | 0.00B | 0.88B | 0.00B | 0.3% |
| Sales Of Refined Products To Third Parties | -0.28B | 0.00B | -0.30B | 0.00B | -0.23B | 0.00B | -0.26B | 0.00B | -0.1% |
| Sales To Airline | -1.98B | 0.00B | -1.53B | 0.00B | -1.42B | 0.00B | -1.17B | 0.00B | -0.4% |
| Exchanged Products | -6.97B | 0.00B | -4.75B | 0.00B | -2.97B | 0.00B | -2.53B | 0.00B | -0.9% |
SEGMENTS v2025-09-09 · 2025-09-05 14:58 UTC — Values are shown in a single scale for this table: $B. TTM values are bold. “% of Total (TTM)” shows revenue mix.
| Segment | 2022 Rev ($B) | 2022 OI ($B) | 2023 Rev ($B) | 2023 OI ($B) | 2024 Rev ($B) | 2024 OI ($B) | TTM Rev ($B) | TTM OI ($B) | % of Total (TTM) |
|---|---|---|---|---|---|---|---|---|---|
| Airline | 45.6B | 2.88B | 54.7B | 5.14B | 57.0B | 5.96B | 57.6B | 5.77B | 89.5% |
| Refinery | 10.7B | 0.78B | 7.57B | 0.39B | 7.77B | 0.04B | 6.75B | -0.15B | 10.5% |
Balance Sheet
| Metric | Value | |
|---|---|---|
| 0 | Total Assets | $77,342M |
| 1 | Cash | $3,711M |
| 2 | Total Liabilities | $61,895M |
| 3 | Total Debt | $22,280M |
| 4 | Total Equity | $15,447M |
| 5 | Debt to Equity Ratio | 1.44 |
EPS & Dividend
Valuation
| Share Price | Treasury Yield | Estimates | Fair Value (P/E) | Fair Value (P/S) | Current P/S | Current P/E |
|---|---|---|---|---|---|---|
| $47.20 | 4.4% | Nicks Growth: 3% Nick's Expected Margin: 8% FINVIZ Growth: 8% |
Nicks: 9 Finviz: 14 |
Nick's: 0.697 | 0.5 | 8.4 |
| Basis | Year | Nicks Valuation | Nicks vs Share Price | Finviz Valuation | Finviz vs Share Price |
|---|---|---|---|---|---|
| $5.64 EPS | TTM | $49.11 | 4.0% | $78.37 | 66.0% |
| $5.08 EPS | 2025 | $44.23 | -6.3% | $70.59 | 49.6% |
| $6.54 EPS | 2026 | $56.94 | 20.6% | $90.88 | 92.5% |
Implied Growth
| Average | Median | Std Dev | Current | Percentile | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | |
| Timeframe | ||||||||||
| 1 Year | 2.62% | 1.95% | 2.76% | 2.08% | 0.63% | 0.74% | 3.02% | 2.71% | 67.2% | 79.3% |
| 3 Years | 2.62% | 1.95% | 2.76% | 2.08% | 0.63% | 0.74% | 3.02% | 2.71% | 67.2% | 79.3% |
| 5 Years | 2.62% | 1.95% | 2.76% | 2.08% | 0.63% | 0.74% | 3.02% | 2.71% | 67.2% | 79.3% |
| 10 Years | 2.62% | 1.95% | 2.76% | 2.08% | 0.63% | 0.74% | 3.02% | 2.71% | 67.2% | 79.3% |