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Saturday 17 October 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. In the quarter to September 2026, revenue grew 21.1%, EPS fell 47.3%, free cash flow fell 56.4% and total debt fell 13.6%, 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.

75.37 2.71 −3.47%
Market cap
$51.4B
P/E
15.0×
Fwd P/E
16.9×
Dividend yield
1.07%
F-score
6/9
Altman Z
1.45
Beneish M
−2.73
Dividend safety
78/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Delta Air Lines, Inc. (DAL) P/B ratio

Alert me on P/B ratio

As of 16 October 2026, Delta Air Lines, Inc. (DAL) trades at a P/B ratio of 2.2×. Over the past ten years it has ranged from 0.9× (May 2020) to 68.2× (April 2021); the current reading is higher than 13% of that period. That is above the Airlines industry median of 1.9× and in line with the Industrials sector median of 2.2×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 2.2× (14.95%)
FY2024 2.5× 8.94%
FY2023 2.3× (26.36%)
FY2022 3.2× (50.57%)
FY2021 6.4× (61.64%)
FY2020 16.7× 572.52%
FY2019 2.5× (1.60%)
FY2018 2.5× (22.73%)
FY2017 3.3× 7.81%
FY2016 3.0× (18.78%)

Quarterly newest first

Period P/B ratio Change
Sep 2026 2.4× (13.52%)
Jun 2026 2.8× 31.99%
Mar 2026 2.1× (1.36%)
Dec 2025 2.2× 10.21%
43 more quarters

Against its own ten years

Low 0.9× High 68.2×
Ten-year median 2.9×
Current reading's percentile 14

P/B ratio against peers

Company P/B ratio
AAL American Airlines Group Inc. compare n/m
ALK Alaska Air Group, Inc. compare 1.1×
ZNH China Southern Airlines Company Limited compare 1.3×
UAL United Airlines Holdings Inc compare 1.9×
CPA Copa Holdings, S.A. compare 1.9×
DAL Delta Air Lines, Inc. 2.2×
RYAAY Ryanair Holdings PLC compare 2.5×
LUV Southwest Airlines Co. compare 2.7×
LTM LATAM Airlines Group S.A. compare 6.9×
Airlines industry median 1.9×
Industrials sector median 2.2×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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