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Friday 6 November 2026 Export DAL’s income statement to Excel — free account

Delta Air Lines, Inc.

DAL Industrials Airlines

Delta Air Lines, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $63.4 billion, up 2.79% from fiscal 2024.

Revenue
+21.1%
EPS
−47.3%
Free cash flow
−56.4%
Total debt
−13.6%

Quarter to September 2026, against a year earlier

87.28 1.92 +2.25%
Market cap
$56.2B
P/E
17.0×
Fwd P/E
16.2×
Dividend yield
0.94%
F-score
6/9
Altman Z
1.45
Beneish M
−2.73
Dividend safety
78/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Delta Air Lines, Inc. (DAL) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Delta Air Lines, Inc. (DAL) trades at a EV/EBITDA of 12.3×. Over the past ten years it has ranged from 0.0× (September 2021) to 56.9× (October 2021); the current reading is higher than 87% of that period. That is above the Airlines industry median of 8.6× and in line with the Industrials sector median of 12.4×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 9.4× 8.66%
FY2024 8.7× 13.72%
FY2023 7.6× (25.28%)
FY2022 10.2× (52.50%)
FY2021 21.5× —
FY2020 0.0× —
FY2019 7.0× (13.64%)
FY2018 8.1× 2.83%
FY2017 7.9× 33.77%
FY2016 5.9× 1.55%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 12.1× (5.72%)
Jun 2026 12.8× 40.28%
Mar 2026 9.1× (3.10%)
Dec 2025 9.4× 19.21%
43 more quarters

Against its own ten years

Low 0.0× High 56.9×
Ten-year median 7.8×
Current reading's percentile 87

EV/EBITDA against peers

Company EV/EBITDA
RYAAY Ryanair Holdings PLC compare 6.9×
LTM LATAM Airlines Group S.A. compare 7.9×
LUV Southwest Airlines Co. compare 8.1×
SKYW SkyWest, Inc. compare 8.3×
CPA Copa Holdings, S.A. compare 8.8×
UAL United Airlines Holdings Inc compare 9.7×
DAL Delta Air Lines, Inc. 12.3×
ALK Alaska Air Group, Inc. compare 14.0×
AAL American Airlines Group Inc. compare 30.3×
Airlines industry median 8.6×
Industrials sector median 12.4×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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