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Delta Air Lines DAL Return on equity

Return on equity at other companies

Southwest Airlines logo
Southwest AirlinesLUV
10.1%+4.5pp
United Airlines Holdings logo
United Airlines HoldingsUAL
25.7%-7.8pp
General Dynamics logo
General DynamicsGD
18%-0.3pp
FTAI Aviation Ltd. logo
FTAI Aviation Ltd.FTAI
233.3%+164pp
American Express logo
American ExpressAXP
34.4%+0.1pp
Valero Energy logo
Valero EnergyVLO
17.8%+14.0pp

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/E12.1×+2.5×
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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Debt / equity-0.4×
Current ratio0.4×0.0×

Where this comes from

Calculated from Delta Air Lines’s reported figures.

Based on trailing twelve months.

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 return on equity?
Delta Air Lines (DAL) reported return on equity of 25% in Q1 2026.
How has Delta Air Lines's return on equity changed year-over-year?
Delta Air Lines's return on equity decreased by 9.2% year-over-year, from 27.5% to 25%.
What is the long-term trend for Delta Air Lines's return on equity?
Over 4 years (2021 to 2025), Delta Air Lines's return on equity has grown at a -20.4% compound annual growth rate (CAGR), from -284.1% to 113.8%.
What does return on equity mean?
How much profit the company earns on the money shareholders have invested.
How do you interpret return on equity?
Higher is better, but very high ROE can be manufactured by leverage — a thin equity base inflates the ratio. Read it next to debt-to-equity and ROIC to tell genuine returns from balance-sheet engineering.
How does return on equity compare across companies?
Comparable across peers, with the leverage caveat. Negative or near-zero equity makes ROE meaningless, so it is suppressed there.