Where do Delta Air Lines's ratios come from?

Every ratio is computed from Delta Air Lines's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Delta Air Lines DAL Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Operating margin	8.8%-0.4pp	9.2%-0.5pp	9.7%+0.3pp	9.3%-0.3pp	9.6%-0.1pp
Net margin	6.9%-1.0pp	7.9%+0.5pp	7.4%+0.1pp	7.2%+1.3pp	5.9%+0.3pp
Returns
Return on equity	25%-2.7pp	27.7%-0.8pp	28.5%-1.6pp	30.1%+2.6pp	27.5%+1.3pp
Return on invested capital	13.5%+0.3pp	13.2%-0.9pp	14.1%+0.2pp	13.9%+0.1pp	13.8%+1.0pp
Efficiency
Asset turnover	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.8×0.0×
Liquidity
Current ratio	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Leverage
Debt-to-equity	1×0.0×	1×-0.1×	1.1×-0.1×	1.2×-0.2×	1.4×-0.1×
Net debt / EBITDA	1.7×-0.2×	1.9×0.0×	1.9×-0.2×	2.1×0.0×	2.1×-0.2×
Valuation
Market capitalization	$43.42B-4.2%	$45.32B+22.3%	$37.05B+14.5%	$32.36B+14.9%	$28.16B-27.9%
Price / earnings	9.7×+0.6×	9.1×+1.0×	8×+0.8×	7.2×-0.5×	7.7×-3.6×
Price / sales	0.7×0.0×	0.7×+0.1×	0.6×+0.1×	0.5×+0.1×	0.5×-0.2×
Price / book	2.1×0.0×	2.2×+0.2×	2×+0.1×	1.9×0.0×	1.8×-0.7×
EV / EBITDA	7×-0.4×	7.4×+1.1×	6.3×+0.3×	6×+0.6×	5.4×-1.4×
Dividend yield	1.1%+0.1pp	1%-0.1pp	1.1%-0.1pp	1.2%-0.1pp	1.3%+0.4pp

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Where do Delta Air Lines's ratios come from?: Every ratio is computed from Delta Air Lines's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.