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Delta Air Lines Inc. (DAL)
NYSE:DAL
US Market

Delta Air Lines (DAL) Ratios

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Delta Air Lines Ratios

DAL's free cash flow for Q4 2025 was $0.22. For the 2025 fiscal year, DAL's free cash flow was decreased by $ and operating cash flow was $0.09. See a summary of the company’s cash flow.
Ratios
TTM
Dec 25Dec 24Dec 23Dec 22
Liquidity Ratios
Current Ratio
0.40 0.40 0.37 0.39 0.50
Quick Ratio
0.34 0.34 0.32 0.34 0.45
Cash Ratio
0.16 0.16 0.12 0.10 0.13
Solvency Ratio
0.13 0.12 0.10 0.11 0.05
Operating Cash Flow Ratio
0.30 0.30 0.30 0.24 0.25
Short-Term Operating Cash Flow Coverage
3.46 3.46 3.69 2.17 2.70
Net Current Asset Value
$ -49.47B$ -49.47B$ -50.23B$ -52.27B$ -52.70B
Leverage Ratios
Debt-to-Assets Ratio
0.26 0.26 0.30 0.37 0.42
Debt-to-Equity Ratio
1.02 1.02 1.49 2.46 4.65
Debt-to-Capital Ratio
0.50 0.50 0.60 0.71 0.82
Long-Term Debt-to-Capital Ratio
0.38 0.38 0.48 0.61 0.76
Financial Leverage Ratio
3.91 3.91 4.93 6.63 10.98
Debt Service Coverage Ratio
2.73 2.22 2.30 2.04 1.31
Interest Coverage Ratio
8.57 8.57 8.03 6.62 3.56
Debt to Market Cap
0.32 0.33 0.41 0.78 1.10
Interest Debt Per Share
33.53 33.58 36.29 44.00 49.59
Net Debt to EBITDA
1.74 2.09 2.49 2.79 5.41
Profitability Margins
Gross Profit Margin
24.53%22.84%26.86%26.73%22.06%
EBIT Margin
10.39%8.82%8.77%11.10%5.82%
EBITDA Margin
15.20%12.68%12.84%15.13%9.98%
Operating Profit Margin
9.19%9.19%9.73%9.51%7.24%
Pretax Profit Margin
9.76%9.76%7.56%9.66%3.78%
Net Profit Margin
7.90%7.90%5.61%7.94%2.61%
Continuous Operations Profit Margin
7.90%7.90%5.61%7.94%2.61%
Net Income Per EBT
80.95%80.92%74.22%82.19%68.86%
EBT Per EBIT
106.22%106.23%77.70%101.58%52.28%
Return on Assets (ROA)
6.17%6.16%4.59%6.26%1.82%
Return on Equity (ROE)
27.63%24.12%22.61%41.50%20.02%
Return on Capital Employed (ROCE)
10.88%10.88%12.31%11.69%7.90%
Return on Invested Capital (ROIC)
8.31%8.30%8.62%8.90%5.10%
Return on Tangible Assets
7.65%7.65%5.80%7.96%2.33%
Earnings Yield
10.89%11.13%8.82%17.93%6.29%
Efficiency Ratios
Receivables Turnover
22.23 22.23 19.12 18.55 15.93
Payables Turnover
9.15 9.35 9.70 9.57 7.72
Inventory Turnover
29.87 30.54 31.57 32.37 27.68
Fixed Asset Turnover
1.38 1.38 1.39 1.37 1.26
Asset Turnover
0.78 0.78 0.82 0.79 0.70
Working Capital Turnover Ratio
-3.76 -3.78 -3.74 -3.99 -5.63
Cash Conversion Cycle
-11.25 -10.65 -6.99 -7.20 -11.17
Days of Sales Outstanding
16.42 16.42 19.09 19.68 22.92
Days of Inventory Outstanding
12.22 11.95 11.56 11.28 13.18
Days of Payables Outstanding
39.89 39.02 37.64 38.16 47.28
Operating Cycle
28.64 28.37 30.65 30.96 36.10
Cash Flow Ratios
Operating Cash Flow Per Share
12.85 12.87 12.38 10.12 9.97
Free Cash Flow Per Share
5.92 5.93 4.45 1.79 >-0.01
CapEx Per Share
6.94 6.95 7.93 8.33 9.98
Free Cash Flow to Operating Cash Flow
0.46 0.46 0.36 0.18 >-0.01
Dividend Paid and CapEx Coverage Ratio
1.69 1.69 1.47 1.19 1.00
Capital Expenditure Coverage Ratio
1.85 1.85 1.56 1.21 1.00
Operating Cash Flow Coverage Ratio
0.40 0.40 0.35 0.24 0.21
Operating Cash Flow to Sales Ratio
0.13 0.13 0.13 0.11 0.13
Free Cash Flow Yield
8.30%8.54%7.36%4.44%>-0.01%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
9.19 8.99 11.34 5.58 15.91
Price-to-Sales (P/S) Ratio
0.73 0.71 0.64 0.44 0.41
Price-to-Book (P/B) Ratio
2.22 2.17 2.56 2.31 3.19
Price-to-Free Cash Flow (P/FCF) Ratio
12.05 11.71 13.59 22.53 -10.48K
Price-to-Operating Cash Flow Ratio
5.51 5.39 4.89 3.98 3.29
Price-to-Earnings Growth (PEG) Ratio
1.11 0.21 -0.45 0.02 0.04
Price-to-Fair Value
2.22 2.17 2.56 2.31 3.19
Enterprise Value Multiple
6.55 7.69 7.44 5.72 9.57
Enterprise Value
63.04B 61.74B 58.91B 50.25B 48.31B
EV to EBITDA
6.55 7.69 7.44 5.72 9.57
EV to Sales
0.99 0.97 0.96 0.87 0.96
EV to Free Cash Flow
16.41 16.08 20.42 44.04 -24.15K
EV to Operating Cash Flow
7.56 7.40 7.34 7.77 7.59
Tangible Book Value Per Share
7.76 7.77 -0.67 -7.25 -14.38
Shareholders’ Equity Per Share
31.98 32.03 23.60 17.38 10.32
Tax and Other Ratios
Effective Tax Rate
0.19 0.19 0.26 0.18 0.31
Revenue Per Share
97.63 97.78 95.13 90.84 79.28
Net Income Per Share
7.71 7.72 5.33 7.21 2.07
Tax Burden
0.81 0.81 0.74 0.82 0.69
Interest Burden
0.94 1.11 0.86 0.87 0.65
Research & Development to Revenue
0.00 0.00 0.00 0.00 0.00
SG&A to Revenue
0.02 0.00 0.02 0.02 0.01
Stock-Based Compensation to Revenue
0.00 0.00 0.00 0.00 <0.01
Income Quality
1.67 1.67 2.32 1.40 4.83
Currency in USD