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EV / sales at other companies

Southwest Airlines logo
Southwest AirlinesLUV
0.7×0.0×
United Airlines Holdings logo
United Airlines HoldingsUAL
0.9×+0.1×
General Dynamics logo
General DynamicsGD
1.8×+0.1×
FTAI Aviation Ltd. logo
FTAI Aviation Ltd.FTAI
9.9×+2.1×
American Express logo
American ExpressAXP
2.9×+0.1×
Valero Energy logo
Valero EnergyVLO
0.6×+0.3×

Other financials

Income statement

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Revenue$15.9B+12.9%
Operating income$501.0M-12.0%
Net income-$289.0M-220%
EPS (diluted)-$0.44-219%

Balance sheet

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Cash & equivalents$5.2B+32.8%
Total debt$19.4B-10.0%
Total equity$20.4B+31.9%
Total assets$84.4B+9.2%

Cash flow

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Operating cash flow$2.4B+2.3%

Valuation

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Market cap$55.31B+54.2%
Enterprise value$69.44B+25.8%
P/E12.4×+2.6×
P/S0.9×+0.3×

Profitability

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Operating margin8.8%-0.8pp
Net margin6.9%+1.0pp

Returns & leverage

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Return on equity25%-2.5pp
Debt / equity-0.4×
Current ratio0.4×0.0×

Where this comes from

Calculated from Delta Air Lines’s reported figures.

Based on the most recent quarter.

The official record: Delta Air Lines’s 10-Q, filed April 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Delta Air Lines's EV / sales?
Delta Air Lines (DAL) reported EV / sales of 0.9× in Q1 2026.
How has Delta Air Lines's EV / sales changed year-over-year?
Delta Air Lines's EV / sales increased by 19.5% year-over-year, from 0.7× to 0.9×.
What is the long-term trend for Delta Air Lines's EV / sales?
Over 4 years (2021 to 2025), Delta Air Lines's EV / sales has grown at a -26.0% compound annual growth rate (CAGR), from 11.2× to 3.3×.
What does EV / sales mean?
What the whole business costs relative to its annual sales.
How do you interpret EV / sales?
A fallback valuation gauge for pre-profit or cyclical firms. Like P/S, only comparable across similar-margin businesses, but it accounts for debt and cash unlike P/S.
How does EV / sales compare across companies?
Compare within a margin cohort; the debt-and-cash adjustment makes it cleaner than P/S for leveraged firms.