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Delta Air Lines DAL Price / book

Price / book at other companies

Southwest Airlines logo
Southwest AirlinesLUV
2.7×+0.6×
United Airlines Holdings logo
United Airlines HoldingsUAL
1.9×+0.1×
General Dynamics logo
General DynamicsGD
3.6×+0.3×
FTAI Aviation Ltd. logo
FTAI Aviation Ltd.FTAI
58.2×-344×
American Express logo
American ExpressAXP
6.1×+0.1×
Valero Energy logo
Valero EnergyVLO
3.1×+1.3×

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$54.04B+54.2%
Enterprise value$68.17B+25.8%
P/E12.1×+2.5×
P/S0.8×+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 price / book?
Delta Air Lines (DAL) reported price / book of 2.1× in Q1 2026.
How has Delta Air Lines's price / book changed year-over-year?
Delta Air Lines's price / book increased by 16.9% year-over-year, from 1.8× to 2.1×.
What is the long-term trend for Delta Air Lines's price / book?
Over 4 years (2021 to 2025), Delta Air Lines's price / book has grown at a -47.4% compound annual growth rate (CAGR), from 102.1× to 7.8×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.