stockrowDelta 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
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Delta Air Lines, Inc. (DAL) Gross margin
Delta Air Lines, Inc.'s gross margin over the twelve months to 30 September 2026 was 31.2%, down 3.0 percentage points from fiscal 2025 (34.2%). Over the past ten years it has ranged from −3.74% (fiscal 2020) to 42.8% (fiscal 2016); the current reading is higher than 55% of that period. That is below the Airlines industry median of 51.7% and in line with the Industrials sector median of 30.6%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 34.2% | (0.18) |
| FY2024 | 34.4% | 0.50 |
| FY2023 | 33.9% | 4.01 |
| FY2022 | 29.9% | 5.12 |
| FY2021 | 24.8% | 28.50 |
| FY2020 | −3.74% | (39.14) |
| FY2019 | 35.4% | (1.48) |
| FY2018 | 36.9% | (3.44) |
| FY2017 | 40.3% | (2.48) |
| FY2016 | 42.8% | 10.02 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 21.9% | (2.85) |
| Jun 2026 | 24.7% | (6.98) |
| Mar 2026 | 31.7% | (18.86) |
| Dec 2025 | 50.5% | 24.04 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| ALK Alaska Air Group, Inc. compare | 100.0% |
| SKYW SkyWest, Inc. compare | 69.8% |
| UAL United Airlines Holdings Inc compare | 66.1% |
| CPA Copa Holdings, S.A. compare | 62.4% |
| RYAAY Ryanair Holdings PLC compare | 51.5% |
| DAL Delta Air Lines, Inc. | 31.2% |
| LTM LATAM Airlines Group S.A. compare | 25.0% |
| LUV Southwest Airlines Co. compare | 22.9% |
| AAL American Airlines Group Inc. compare | 20.7% |
| Airlines industry median | 51.7% |
| Industrials sector median | 30.6% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on DAL
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- 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
- EV/FCF
- 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