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

Delta Air Lines, Inc. (DAL) Price to free cash flow

Alert me on 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

Against its own ten years

Low 0.0× High 1,664×
Ten-year median 14.0×
Current reading's percentile 58

Price to free cash flow against peers

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)))

The full definition of Price to free cash flow →

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