Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of Delta Air Lines, Inc.

DAL · NYSE · Industrial

Fundamental quality

ATTRACTIVE

77

out of 100

Delta Air Lines, Inc. earns a fundamental-quality score of 77 out of 100, profiling it as a company with solid fundamentals. Its score rests mainly on its growth (revenue +28.7%/yr). Its weakest area is its profitability (net margin 5.8%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Delta Air Lines is America's best-run airline: a global network from Atlanta, a premium fleet and a loyalty program (SkyMiles) whose American Express partnership generates billions apart from flying. Selling seats is only half its story.

What will shape its future

  • The American Express deal and premium revenue, the cushion separating it from the pack.
  • Fuel prices, the capricious cost no airline controls.
  • The travel cycle: in recessions, even the best airline is still an airline.

Breakdown by area

I.Growth
95

EPS growth: 79% · Revenue growth: 28.7%

II.Profitability
64

Net margin: 5.8% · ROE: 18.1% · ROIC: 14.3%

III.Financial health
73

Net debt/EBITDA: 1.02x · FCF: 5.4%

Source: SEC EDGAR · TTM through 30/06/2026

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its profitability drags it down the most.

Versus its sector

Percentile against the other 69 Industrial companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 32%
ROEbeats 54%
Growthbeats 85%
Cash generationbeats 32%
Less debtbeats 70%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Delta Air Lines, Inc. strengths

  • Growing earnings per share (79% annualized).
  • Revenue growing strongly (28.7% annualized).
  • It has turned profitable after years of losses.
  • Strong return on equity (ROE of 18.1%): it puts shareholder capital to good use.

Delta Air Lines, Inc. risks and weaknesses

  • Erratic free cash flow, with several years in the red.

Delta Air Lines, Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
202017,095-12,385-5,69219,667
202129,8992801717,151
202250,5821,318-318,115
202358,0484,6091,14115,869
202461,6433,4572,88512,278
202563,3645,0053,8438,998

Between 2020 and 2025, revenue went from $17,095M to $63,364M (+271%) and net income went from -$12,385M to $5,005M (+140%). It has also reduced its net debt over the period.

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):

  • Revenue+16%
  • Net income-44.5%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$0.68

per share, yearly

8.8% of earnings

Payout

3 straight years raising it

Growth

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Delta Air Lines, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Delta Air Lines, Inc. a good company to invest in?

In terms of business quality, Delta Air Lines, Inc. scores 77 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Delta Air Lines, Inc. a profitable company?

Delta Air Lines, Inc. is profitable, with a net margin of 5.8%, though a thin one.

Does Delta Air Lines, Inc. have a lot of debt?

Not particularly. Its net debt is 1.02 times its EBITDA, a low level.

Is Delta Air Lines, Inc. growing?

Its revenue has grown 28.7% annualized in recent years and its earnings per share 79%, and without interruption since 2020.

Does Delta Air Lines, Inc. generate cash?

Yes. It converts about 5.4% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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