Delta Air Lines, Inc. — DAL

Close PriceMarket CapP/E RatioForward P/E RatioImplied Growth*Implied Forward Growth*DividendP/B Ratio
$82.48$54.19B12.010.26.3%4.7%$0.75
0.9%		2.6

Latest Headlines

Revenue & Net Income

Revenue & Net Income
Date Revenue Net_Income EPS Last_Updated Revenue_Change Net_Income_Change EPS_Change
0 2020-12-31 $17,095M $-12,385M $-19.49 2024-02-08 22:12:04 N/A N/A N/A
1 2021-12-31 $29,899M $280M $0.44 2026-02-13 08:36:11 74.9% -102.3% -102.3%
2 2022-12-31 $50,582M $1,318M $2.07 2026-05-29 09:07:16 69.2% 370.7% 370.5%
3 2023-12-31 $58,048M $4,609M $7.21 2026-05-29 09:07:16 14.8% 249.7% 248.3%
4 2024-12-31 $61,643M $3,457M $5.39 2026-05-29 09:07:16 6.2% -25.0% -25.2%
5 2025-12-31 $63,364M $5,005M $7.72 2026-05-29 09:07:16 2.8% 44.8% 43.2%
6 TTM 2026-03-31 $65,178M $4,477M $6.85 2026-04-13 08:42:25 2.9% -10.5% -11.3%

EPS

EPS

Forecasts

Revenue/Net Income Forecast EPS Forecast

Y/Y % Change

Revenue YoY Change EPS YoY Change
YoY Growth Rates

DAL Year-over-Year Growth

  2020 2021 2022 2023 2024 2025 2026 2027 Average
Revenue Growth (%) 74.9% 69.2% 14.8% 6.2% 2.8% 11.1% 2.7% 26.0%
Revenue Analysts (#) 0 0 0 0 0 0 10 10
EPS Growth (%) -102.3% 370.7% 249.7% -25.0% 44.8% -27.1% 44.2% 79.3%
EPS Analysts (#) 0 0 0 0 0 0 22 8

Forward Estimate History

How the next-FY EPS and revenue estimates have drifted over time. One line per fiscal year – past lines end when that FY became current.

Forward EPS projection history by FY Forward revenue projection history by FY

Expenses

Revenue vs Expenses
Year Revenue ($) Cost of Revenue ($) Sales & Marketing ($) G&A ($) SG&A ($) Facilities / D&A ($) Personnel ($)
2022 $50.6B $37.9B $1.9B $-292.0M $1.9B $2.1B $-292.0M
2023 $58.0B $41.6B $2.3B $244.0M $2.3B $2.3B $244.0M
2024 $61.6B $44.0B $2.5B $1.4B $2.5B $2.5B $1.4B
2025 $63.4B $45.6B $2.5B $0.0 $2.5B $2.4B $0.0
TTM $65.2B $45.6B $2.5B $862.0M $2.5B $4.2B $862.0M
Expenses % of Revenue
Year Revenue Change (%) Cost of Revenue Change (%) Sales & Marketing Change (%) G&A Change (%) SG&A Change (%) Facilities / D&A Change (%) Personnel Change (%)
2023 14.76 9.75 23.43 -183.56 23.43 11.11 -183.56
2024 6.19 5.75 6.47 469.26 6.47 7.35 469.26
2025 2.79 3.75 0.00 -100.00 0.00 -2.79 -100.00
TTM 2.86 0.05 1.57 inf 1.57 70.90 inf
No unmapped expenses.

Segment Performance

axis1_DAL_Passenger.png axis1_DAL_Passenger_Air_Traffic.png axis1_DAL_Product_And_Service_Other.png axis1_DAL_Product_And_Service_Other_Refinery.png axis1_DAL_Passenger_Loyalty_Travel_Awards.png axis1_DAL_Product_And_Service_Other_Loyalty_Program.png axis1_DAL_Passenger_Travel_Related_Services.png axis1_DAL_Product_And_Service_Other_Miscellaneous.png axis1_DAL_Product_And_Service_Other_Ancillary_Businesses.png axis1_DAL_Cargo_And_Freight.png axis1_DAL_Sales_To_Airline.png axis1_DAL_Exchanged_Products.png axis1_DAL_Product_And_Service_Other_M_R_O_Business.png axis1_DAL_Sales_Of_Refined_Products_To_Third_Parties.png
SEGMENTS v2025-09-09 · 2026-05-29 09:07 UTC — Units: $B. Rows list fiscal years (last 3 + TTM) with revenue for each segment; the final row shows the TTM revenue mix (operating income columns display “—” where mix is not applicable).
Year Passenger Rev Passenger Air Traffic Rev Product And Service Other Rev Product And Service Other Refinery Rev Passenger Loyalty Travel Awards Rev Product And Service Other Loyalty Program Rev Passenger Travel Related Services Rev Product And Service Other Miscellaneous Rev Product And Service Other Ancillary Businesses Rev Cargo And Freight Rev Sales To Airline Rev Exchanged Products Rev Product And Service Other M R O Business Rev Sales Of Refined Products To Third Parties Rev Total Rev
2023 195.6B 43.6B 16.8B 3.38B 3.46B 3.09B 1.85B 1.10B 0.84B 0.72B -1.53B -4.75B – -0.30B 263.9B
2024 203.6B 45.1B 19.9B 4.64B 3.84B 3.30B 1.96B 1.22B 0.77B 0.82B -1.42B -2.97B 0.66B -0.23B 281.1B
2025 207.1B 45.5B 21.4B 5.08B 4.24B 3.36B 2.04B 1.32B 0.94B 0.90B -1.15B -1.16B 0.82B -0.15B 290.2B
TTM 505.8B 111.4B 52.6B 12.4B 10B 8.96B 4.98B 2.66B 2.24B 2.16B -3.21B – – – 710.1B
% of Total (TTM) 71.2% 15.7% 7.4% 1.8% 1.4% 1.3% 0.7% 0.4% 0.3% 0.3% -0.5% – – – 100%

Segment Performance (Axis 2)

axis2_DAL_Airline.png axis2_DAL_Refinery.png
SEGMENTS v2025-09-09 · 2026-05-29 09:07 UTC — Units: $B. Rows list fiscal years (last 3 + TTM) with revenue and operating income for each segment; the final row shows the TTM revenue mix (operating income columns display “—” where mix is not applicable).
Year Airline Rev Airline OI Refinery Rev Refinery OI Total Rev Total OI
2023 54.7B 5.14B 7.57B 0.39B 62.2B 5.52B
2024 57B 5.96B 7.77B 0.04B 64.8B 6.00B
2025 58.3B 5.67B 6.96B 0.16B 65.2B 5.82B
TTM 142.5B 12.7B 18.5B 0.15B 160.9B 12.9B
% of Total (TTM) 88.5% — 11.5% — 100% —

Balance Sheet

Balance Sheet
  Metric Value
0 Total Assets $84,431M
1 Cash $5,053M
2 Total Liabilities $64,055M
3 Total Debt $20,299M
4 Total Equity $20,376M
5 Debt to Equity Ratio 1.00

EPS & Dividend

EPS & Dividend

Valuation

Valuation
Share Price Treasury Yield Estimates Fair Value (P/E) Fair Value (P/S) Current P/S Current P/E
$82.48 4.5% Nicks Growth: 3%
Nick's Expected Margin: 8%
FINVIZ Growth: 17%		 Nicks: 9
Finviz: 33		 Nick's: 0.691 0.8 12.0
Basis Year Nicks Valuation Nicks vs Share Price Finviz Valuation Finviz vs Share Price
$6.85 EPS TTM $59.17 -28.3% $223.57 171.1%
$5.56 EPS 2026 $48.00 -41.8% $181.37 119.9%
$8.01 EPS 2027 $69.22 -16.1% $261.53 217.1%

Implied Growth

Implied Growth
Average Median Std Dev Current Percentile
TTM Forward TTM Forward TTM Forward TTM Forward TTM Forward
Timeframe
1 Year 3.07% 2.49% 2.92% 2.41% 0.99% 0.82% 6.33% 4.69% 100.0% 100.0%
3 Years 3.07% 2.49% 2.92% 2.41% 0.99% 0.82% 6.33% 4.69% 100.0% 100.0%
5 Years 3.07% 2.49% 2.92% 2.41% 0.99% 0.82% 6.33% 4.69% 100.0% 100.0%
10 Years 3.07% 2.49% 2.92% 2.41% 0.99% 0.82% 6.33% 4.69% 100.0% 100.0%

← Back