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. In the quarter to June 2026, revenue grew 18.7%, EPS fell 25.3%, free cash flow fell 78.9% and total debt fell 7.33%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for five, operating cash flow growth for five.
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Delta Air Lines, Inc. (DAL) EV/FCF
As of 9 October 2026, Delta Air Lines, Inc. (DAL) trades at a EV/FCF of 18.5×. Over the past ten years it has ranged from −13,984× (February 2023) to 2,582× (February 2022); the current reading is higher than 54% of that period.
EV/FCF, daily
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Annual newest first
| Period | EV/FCF | Change |
|---|---|---|
| FY2025 | 14.3× | (20.78%) |
| FY2024 | 18.0× | (51.16%) |
| FY2023 | 36.8× | — |
| FY2022 | −12,434× | — |
| FY2021 | 2,380× | — |
| FY2020 | −7.3× | — |
| FY2019 | 13.3× | (96.67%) |
| FY2018 | 399× | 859.88% |
| FY2017 | 41.6× | 285.36% |
| FY2016 | 10.8× | 18.63% |
Quarterly newest first
| Period | EV/FCF | Change |
|---|---|---|
| Jun 2026 | 20.7× | 54.63% |
| Mar 2026 | 13.4× | (6.14%) |
| Dec 2025 | 14.3× | (8.57%) |
| Sep 2025 | 15.6× | (16.71%) |
| 42 more quarters | Free account |
Against its own ten years
EV/FCF against peers
| Company | EV/FCF |
|---|---|
| LUV Southwest Airlines Co. compare | −3,218× |
| ALK Alaska Air Group, Inc. compare | −14.4× |
| LTM LATAM Airlines Group S.A. compare | 8.8× |
| RYAAY Ryanair Holdings PLC compare | 12.7× |
| UAL United Airlines Holdings Inc compare | 17.0× |
| DAL Delta Air Lines, Inc. | 18.5× |
| CPA Copa Holdings, S.A. compare | 36.7× |
| AAL American Airlines Group Inc. compare | 101× |
| ZNH China Southern Airlines Company Limited compare | — |
What EV/FCF is
EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.
((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))
More on DAL
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement