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) Return on invested capital
Delta Air Lines, Inc.'s return on invested capital over the twelve months to 30 September 2026 was 10.5%, down 1.4 percentage points from fiscal 2025 (11.9%). Over the past ten years it has ranged from −45.1% (fiscal 2020) to 31.0% (fiscal 2015); the current reading is higher than 36% of that period. That is above the Airlines industry median of 3.19% and above the Industrials sector median of 2.30%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 11.9% | (1.31) |
| FY2024 | 13.2% | 0.54 |
| FY2023 | 12.6% | 2.73 |
| FY2022 | 9.91% | 3.86 |
| FY2021 | 6.05% | 51.17 |
| FY2020 | −45.1% | (62.62) |
| FY2019 | 17.5% | 2.47 |
| FY2018 | 15.0% | (4.88) |
| FY2017 | 19.9% | (6.80) |
| FY2016 | 26.7% | (4.27) |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| RYAAY Ryanair Holdings PLC compare | 22.2% |
| CPA Copa Holdings, S.A. compare | 12.4% |
| UAL United Airlines Holdings Inc compare | 11.5% |
| DAL Delta Air Lines, Inc. | 10.5% |
| LUV Southwest Airlines Co. compare | 7.04% |
| AAL American Airlines Group Inc. compare | 3.82% |
| ZNH China Southern Airlines Company Limited compare | 0.00% |
| LTM LATAM Airlines Group S.A. compare | 0.00% |
| ALK Alaska Air Group, Inc. compare | −1.94% |
| Airlines industry median | 3.19% |
| Industrials sector median | 2.30% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
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
- EV/FCF
- Return on equity
- Return on assets
- 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