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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Operating margin	37.8%-2.4pp	40.2%+3.8pp	36.3%+9.1pp	27.3%+167pp
Net margin	28.4%-0.9pp	29.3%+6.5pp	22.8%+13.5pp	9.2%+146pp
Returns
Return on equity	113.8%-54.4pp	168.2%-24.3pp	192.5%+52.2pp	140.3%+424pp
Return on invested capital	55.1%-3.9pp	58.9%+6.2pp	52.7%+13.6pp	39.1%+107pp
Efficiency
Asset turnover	3.2×0.0×	3.2×+0.2×	3.1×+0.7×	2.4×+1.2×
Liquidity
Current ratio	1.6×0.0×	1.6×-0.2×	1.8×-0.6×	2.4×-0.9×
Leverage
Debt-to-equity	4.6×-2.7×	7.3×-5.5×	12.9×-16.8×	29.7×-95.7×
Net debt / EBITDA	8×-1.2×	9.2×-3.7×	12.9×-5.9×	18.8×—
Valuation
Market capitalization	$142.89B+7.8%	$132.59B+29.9%	$102.04B+23.5%	$82.6B-25.1%
Price / earnings	32×+0.8×	31.2×-3.3×	34.5×-56.0×	90.4×—
Price / sales	2.3×+0.1×	2.2×+0.4×	1.8×-0.1×	2×-3.9×
Price / book	7.8×-2.3×	10.1×-2.1×	12.2×-8.2×	20.4×-81.7×
EV / EBITDA	25×+0.2×	24.8×-1.9×	26.8×-8.7×	35.4×—
Dividend yield	4.6%+1.4pp	3.2%—	——	——

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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.