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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Operating margin	37%-0.8pp	37.8%-0.5pp	38.3%+0.4pp	38%-0.9pp	38.9%-1.3pp
Net margin	29.4%+1.0pp	28.4%+2.3pp	26.1%-0.4pp	26.5%-0.2pp	26.7%-2.6pp
Returns
Return on equity	111.3%-2.5pp	113.8%+1.5pp	112.3%-12.1pp	124.5%-13.7pp	138.2%-30.0pp
Return on invested capital	54.8%-0.3pp	55.1%+0.4pp	54.6%0.0pp	54.7%-1.7pp	56.3%-2.6pp
Efficiency
Asset turnover	3.2×0.0×	3.2×0.0×	3.3×0.0×	3.3×0.0×	3.3×0.0×
Liquidity
Current ratio	1.6×0.0×	1.6×0.0×	1.5×0.0×	1.5×0.0×	1.5×0.0×
Leverage
Debt-to-equity	4.2×-0.4×	4.6×-0.5×	5.1×-0.6×	5.8×-0.7×	6.5×-0.9×
Net debt / EBITDA	7.6×-0.4×	8×-0.4×	8.3×-0.4×	8.8×-0.2×	8.9×-0.3×
Valuation
Market capitalization	$158.15B+10.7%	$142.89B+4.6%	$136.62B+3.4%	$132.12B+1.5%	$130.12B-1.9%
Price / earnings	34×+2.0×	32×-2.2×	34.2×+1.0×	33.2×+0.4×	32.8×+1.6×
Price / sales	2.5×+0.2×	2.3×+0.1×	2.2×0.0×	2.2×0.0×	2.1×-0.1×
Price / book	8.1×+0.3×	7.8×-0.4×	8.2×-0.4×	8.6×-0.6×	9.2×-0.9×
EV / EBITDA	26.6×+1.6×	25×+0.5×	24.5×-0.1×	24.7×+0.2×	24.4×-0.4×
Dividend yield	4.4%-0.2pp	4.6%+0.1pp	4.4%+0.2pp	4.2%+0.4pp	3.8%+0.6pp

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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.