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.
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Delta Air Lines, Inc. (DAL) Price to free cash flow
As of 16 October 2026, Delta Air Lines, Inc. (DAL) trades at a price to free cash flow of 16.3×. Over the past ten years it has ranged from 0.0× (March 2023) to 1,664× (February 2022); the current reading is higher than 58% of that period. That is above the Airlines industry median of 11.5× and below the Industrials sector median of 20.1×.
Price to free cash flow, daily
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Annual newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 11.7× | (12.94%) |
| FY2024 | 13.4× | (40.66%) |
| FY2023 | 22.7× | — |
| FY2022 | 0.0× | — |
| FY2021 | 1,462× | — |
| FY2020 | 0.0× | — |
| FY2019 | 10.9× | (96.61%) |
| FY2018 | 322× | 792.94% |
| FY2017 | 36.1× | 271.39% |
| FY2016 | 9.7× | 19.83% |
Quarterly newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| Sep 2026 | 18.1× | 0.70% |
| Jun 2026 | 18.0× | 62.49% |
| Mar 2026 | 11.1× | (5.53%) |
| Dec 2025 | 11.7× | (2.33%) |
| 43 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| LUV Southwest Airlines Co. compare | n/m |
| ZNH China Southern Airlines Company Limited compare | n/m |
| ALK Alaska Air Group, Inc. compare | n/m |
| LTM LATAM Airlines Group S.A. compare | 6.3× |
| UAL United Airlines Holdings Inc compare | 11.9× |
| RYAAY Ryanair Holdings PLC compare | 13.8× |
| DAL Delta Air Lines, Inc. | 16.3× |
| AAL American Airlines Group Inc. compare | 27.6× |
| CPA Copa Holdings, S.A. compare | 30.7× |
| Airlines industry median | 11.5× |
| Industrials sector median | 20.1× |
| Market median | 14.2× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
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
- 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