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Delta Air Lines DAL Price / earnings

Price / earnings at other companies

Southwest Airlines logo
Southwest AirlinesLUV
22.6×-13.9×
United Airlines Holdings logo
United Airlines HoldingsUAL
8.1×+1.9×
General Dynamics logo
General DynamicsGD
21.4×+3.0×
FTAI Aviation Ltd. logo
FTAI Aviation Ltd.FTAI
46.8×-113×
American Express logo
American ExpressAXP
18.5×+0.1×
Valero Energy logo
Valero EnergyVLO
17.6×-27.1×

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/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 / earnings?
Delta Air Lines (DAL) reported price / earnings of 9.7× in Q1 2026.
How has Delta Air Lines's price / earnings changed year-over-year?
Delta Air Lines's price / earnings increased by 26.0% year-over-year, from 7.7× to 9.7×.
What is the long-term trend for Delta Air Lines's price / earnings?
Over 3 years (2022 to 2025), Delta Air Lines's price / earnings has grown at a -29.3% compound annual growth rate (CAGR), from 90.4× to 32×.
What does price / earnings mean?
How many dollars investors pay for each dollar of the company's annual profit.
How do you interpret price / earnings?
Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.
How does price / earnings compare across companies?
Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.