Head to head · SEC data as of July 18, 2026

Southwest vs Delta: which has the stronger fundamentals?

Southwest

59

Quality score · out of 100

Delta

77

Quality score · out of 100

Delta comes in ahead: a quality score of 77 versus 59 for Southwest. Delta wins on net margin (5.8% vs 2.8%), ROE (18.1% vs 11.9%) and cash generation (FCF) (5.4% vs -1.3%). Southwest doesn't take a single major metric today.

The metrics, head to head

MetricSouthwestDelta
Quality score (0-100)5977
Net margin2.8%5.8%
Gross margin
ROE11.9%18.1%
Net debt/EBITDA0.58×1.02×
FCF margin-1.3%5.4%
Revenue growth (annualized)24.8%28.7%
Earnings growth (annualized)-1.7%79%

TTM metrics with official SEC data, refreshed daily. Bold green marks the winner of each metric. A dash means the metric doesn't apply or isn't reliable.

What each one does

Southwest. Southwest Airlines is the original low-cost carrier: decades of cheap point-to-point flights, nothing but Boeing 737s and a famous culture. Pushed by an activist investor, it is breaking its historic taboos: assigned seats, premium fares and bag fees.

Delta. 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.

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What this comparison doesn't tell you

The score measures business quality, not whether the stock is cheap or expensive: the better company can be the worse investment if you overpay. For the valuation verdict, enter each one's current price in the analyzer:

Analyze Southwest →Analyze Delta →

Frequently asked questions

Who has the stronger fundamentals today, Southwest or Delta?

By the StockSemáforo model (profitability, growth and financial strength, built on official SEC data), Delta scores higher: 77 versus 59 out of 100. The score is recomputed nightly with the latest filings.

Does that make Delta the better investment?

No. The score measures business quality, not valuation: an excellent company can trade at an excessive price and be a poor investment at that price. To find out whether it's cheap or expensive, enter its current quote in the StockSemáforo analyzer.

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