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%-0.8pp	9.2%-0.5pp	9.7%+0.4pp	9.3%-0.9pp	9.6%-1.3pp
Net margin	6.9%+1.0pp	7.9%+2.3pp	7.4%-0.4pp	7.2%-0.2pp	5.9%-2.6pp
EBITDA margin	12.6%-1.0pp	13%-0.8pp	13.6%+0.2pp	13.3%-1.0pp	13.6%-1.3pp
Returns
Return on equity	25%-2.5pp	27.7%+1.5pp	28.5%-12.1pp	30.1%-13.7pp	27.5%-30.0pp
Return on assets	5.5%+0.7pp	6.4%+1.7pp	6%-0.3pp	5.8%-0.2pp	4.8%-2.0pp
Return on invested capital	13.5%-0.3pp	13.2%+0.4pp	14.1%0.0pp	13.9%-1.7pp	13.8%-2.6pp
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×
Quick ratio	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Cash ratio	0.2×0.0×	0.2×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Leverage
Debt-to-equity	1×-0.4×	1×-0.5×	1.1×-0.6×	1.2×-0.7×	1.4×-0.9×
Debt-to-assets	0.2×0.0×	0.2×-0.1×	0.3×-0.1×	0.3×-0.1×	0.3×-0.1×
Net debt / EBITDA	1.7×-0.4×	1.9×-0.4×	1.9×-0.4×	2.1×-0.2×	2.1×-0.3×
Valuation
Market capitalization	$43.42B+54.2%	$45.32B+16.1%	$37.05B+13.8%	$32.36B+6.6%	$28.16B-8.1%
Enterprise value	$57.56B+25.8%	$61.09B+4.6%	$53.36B+3.5%	$49.44B-0.1%	$45.75B-10.9%
Price / earnings	9.7×+2.0×	9.1×-2.2×	8×+1.0×	7.2×+0.4×	7.7×+1.6×
Price / sales	0.7×+0.2×	0.7×+0.1×	0.6×0.0×	0.5×0.0×	0.5×-0.1×
Price / book	2.1×+0.3×	2.2×-0.4×	2×-0.4×	1.9×-0.6×	1.8×-0.9×
EV / EBITDA	7×+1.6×	7.4×+0.5×	6.3×-0.1×	6×+0.2×	5.4×-0.4×
EV / sales	0.9×+0.1×	1×0.0×	0.8×0.0×	0.8×0.0×	0.7×-0.1×
Earnings yield	10.3%-2.7pp	11%+2.2pp	12.5%-1.8pp	13.9%-0.9pp	13%-3.4pp
Dividend yield	1.1%-0.2pp	1%+0.1pp	1.1%+0.2pp	1.2%+0.4pp	1.3%+0.6pp
PEG ratio	0.4×—	0.2×—	——	——	——

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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.