Delta Air Lines, Inc. financials

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DAL CIK 0000027904

Source: EDGAR filings · Built 2026-06-02T02:48:17Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 3.73B 2.69B 877.00M -366.00M -319.00M -5.95B
EBITDA 8.27B 8.51B 7.86B 5.77B 3.88B -10.16B
Working Capital -16.66B -16.83B -16.15B -12.93B -5.03B 1.48B
Net Debt 15.96B 19.70B 24.54B 27.34B 24.96B 27.24B
Operating Margin 9.19% 9.73% 9.51% 7.24% 6.31% -72.94%
Net Margin 7.90% 5.61% 7.94% 2.61% 0.94% -72.45%
Return on Equity (ROE) 24.00% 22.61% 41.50% 20.02% 7.20% -807.37%
Return on Assets (ROA) 6.15% 4.59% 6.26% 1.82% 0.39% -17.20%
Current Ratio 0.40× 0.37× 0.39× 0.50× 0.76× 1.09×
Debt-to-Equity 0.97× 1.49× 2.46× 4.65× 8.46× 23.17×
Effective Tax Rate 19.08% 25.78% 17.81% 31.14% 29.65% 20.54%
Cash Conversion Ratio 1.67× 2.32× 1.40× 4.83× 11.66× 0.31×
Accruals Ratio -0.04× -0.06× -0.03× -0.07× -0.04× -0.12×
SBC % of Revenue 0.49% 0.38% 0.31% 0.30% 0.50% 0.70%
CapEx Coverage 1.81× 1.51× 1.16× 0.95× 0.91× -1.76×
Free Cash Flow Per Share $5.70 $4.16 $1.36 $-0.57 $-0.50 $-9.35

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 9.06× 11.35× 5.61× 15.95× 88.82× —
P/FCF 12.17× 14.55× 29.50× — — —
FCF Yield 8.22% 6.87% 3.39% — — —
EV / EBITDA 7.47× 6.97× 6.47× 8.45× 12.96× —
P/S 0.72× 0.64× 0.45× 0.42× 0.85× 1.52×
P/B 2.20× 2.59× 2.37× 3.25× 6.53× 16.97×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax 63.36B 61.64B 58.05B 50.58B 29.90B 17.09B
Operating Income (Loss) 5.82B 6.00B 5.52B 3.66B 1.89B -12.47B
Income Tax Expense (Benefit) 1.18B 1.20B 999.00M 596.00M 118.00M -3.20B
Net Income (Loss) Attributable to Parent 5.00B 3.46B 4.61B 1.32B 280.00M -12.38B
Earnings Per Share, Basic $7.72 $5.39 $7.21 $2.07 $0.44 $-19.49
Weighted Average Number of Shares Outstanding, Basic 648.00M 641.00M 639.00M 638.00M 636.00M 636.00M
Earnings Per Share, Diluted $7.66 $5.33 $7.17 $2.06 $0.44 $-19.49
Weighted Average Number of Shares Outstanding, Diluted 654.00M 648.00M 643.00M 641.00M 641.00M 636.00M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 4.31B 3.07B 2.74B 3.27B 7.93B 8.31B
Assets, Current 10.97B 9.84B 10.27B 13.01B 15.94B 17.40B
Assets 81.32B 75.37B 73.64B 72.29B 72.46B 72.00B
Long-term Debt 13.31B 15.35B 18.61B 21.38B 25.08B 27.97B
Liabilities, Current 27.62B 26.67B 26.42B 25.94B 20.97B 15.93B
Long-term Debt, Excluding Current Maturities 11.94B 13.55B 15.98B 19.33B 23.58B 26.53B
Stockholders' Equity Attributable to Parent 20.85B 15.29B 11.11B 6.58B 3.89B 1.53B

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 8.34B 8.03B 6.46B 6.36B 3.26B -3.79B
Net Cash Provided by (Used in) Investing Activities -4.19B -3.74B -3.15B -6.92B -898.00M -9.24B
Payments for Repurchase of Common Stock — — — 0 0 344.00M
Payments of Dividends 440.00M 321.00M 128.00M 0 0 260.00M
Net Cash Provided by (Used in) Financing Activities -3.08B -4.26B -3.39B -4.54B -3.85B 19.36B

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

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Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (DAL CIK 0000027904), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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