DAL - DELTA AIR LINES, INC.

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue Growth YoY (%)	2.8% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-44%)	6.2% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+24%)	14.8% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+195%)	69.2% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1284%)	74.9% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1398%)	-63.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1373%)	5.8% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+16%)	8.0% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+60%)	3.8% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-24%)	-2.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-152%)	0.8% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-83%)	6.9% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+37%)	3.0% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-40%)	4.4% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-11%)	10.6% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+112%)	13.2% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+163%)	—	—
EPS Growth YoY (%)	43.2% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	-25.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	248.3% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	370.5% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	28.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	27.9% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	-23.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	2.5% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	619.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-93.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	934.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	17.6% Good Good Year-over-year change in earnings per share Optimal: > 10%	43.7% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	—	—
Net Income Growth YoY (%)	44.8% Excellent ↓ Excellent Declining Year-over-year change in net income	-25.0% Weak ↓ Weak Declining Year-over-year change in net income	249.7% Excellent Excellent Year-over-year change in net income	370.7% Excellent Excellent Year-over-year change in net income	N/M	N/M	21.1% Good ↑ Good Improving Year-over-year change in net income	22.8% Good ↓ Good Declining Year-over-year change in net income	-26.7% Weak ↓ Weak Declining Year-over-year change in net income	-3.4% Weak ↓ Weak Declining Year-over-year change in net income	586.8% Excellent ↑ Excellent Improving Year-over-year change in net income	-93.7% Weak ↓ Weak Declining Year-over-year change in net income	944.6% Excellent ↑ Excellent Improving Year-over-year change in net income	18.1% Good Good Year-over-year change in net income	44.0% Excellent Excellent Year-over-year change in net income	N/M	—	—
FCF Growth YoY (%)	2.8% Caution ↓ Caution Declining Year-over-year change in free cash flow	23.8% Good ↓ Good Declining Year-over-year change in free cash flow	1.4% Caution Caution Year-over-year change in free cash flow	94.3% Excellent Excellent Year-over-year change in free cash flow	N/M	N/M	27.5% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	45.5% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-27.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	-3.5% Weak ↓ Weak Declining Year-over-year change in free cash flow	68.1% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	11.5% Fair ↓ Fair Declining Year-over-year change in free cash flow	81.0% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-13.4% Weak ↓ Weak Declining Year-over-year change in free cash flow	-0.4% Weak Weak Year-over-year change in free cash flow	103.6% Excellent Excellent Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	7.8% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	27.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	50.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	2.5% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	-12.4% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-25.4% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	5.8% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	3.0% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	0.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	1.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	3.5% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	4.8% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	6.0% Fair Fair Compound annual revenue growth over 3 years	9.3% Fair Fair Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	30.0% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	5.6% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	5.5% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	4.2% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	-5.5% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-15.9% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	3.1% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	3.3% Caution → Caution Stable Compound annual revenue growth over 5 years	2.3% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	2.5% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	5.1% Fair Fair Compound annual revenue growth over 5 years	7.5% Fair Fair Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	55.1% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	130.5% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	—	-34.4% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-57.4% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	—	7.9% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	0.1% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	77.9% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-22.3% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	67.9% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	-8.2% Weak Weak Compound annual EPS growth over 3 years	159.5% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Operating Margin (%) (%)	9.2% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-23%)	9.7% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-19%)	9.5% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-21%)	7.2% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-40%)	6.3% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-47%)	-72.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-708%)	14.1% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+17%)	11.8% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	14.5% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+21%)	17.5% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+46%)	19.2% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+60%)	5.5% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-54%)	9.0% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-25%)	5.9% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-51%)	5.6% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-53%)	7.0% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-42%)	-1.2% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-110%)	—
Effective Tax Rate (%) (%)	19.1% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.8% Caution → Caution Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	17.8% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	31.1% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	29.6% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.5% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.1% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.6% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	41.7% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	34.1% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	36.8% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	38.5% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-317.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	1.6% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-11.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	2.5% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.8% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	7.9% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	5.6% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-30%)	7.9% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	2.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-67%)	0.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-88%)	-72.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1006%)	10.1% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+27%)	8.9% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+11%)	7.8% Caution → Caution Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	11.0% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+38%)	11.1% Fair → Fair Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+39%)	1.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-80%)	27.9% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+249%)	2.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-66%)	2.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-70%)	1.9% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-77%)	-4.4% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-155%)	—
FCF Margin (%) (%)	13.2% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	13.0% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	11.1% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	12.6% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	10.9% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	-22.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	17.9% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	15.8% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	12.2% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	18.2% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	19.5% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	12.3% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	11.9% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	6.8% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	8.1% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	8.9% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	4.9% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	1.67x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	2.32x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	1.40x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	4.83x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	11.66x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.31x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.77x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.78x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.57x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	1.65x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	1.75x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	7.51x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.43x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.45x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	3.32x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	4.78x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	-1.11x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Return on Invested Capital (%)	13.8% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	14.5% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	15.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	9.0% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	4.6% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	-33.6% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	20.0% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	17.4% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	16.6% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	23.7% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	26.2% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	7.5% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	63.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	21.5% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	18.8% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	14.0% Good Good Return earned on debt + equity capital invested Optimal: > 10%	-103.5% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	7.2% Fair → Fair Stable Operating profit relative to total assets Optimal: > 10%	8.0% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	7.5% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	5.1% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	2.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-17.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	10.3% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	8.7% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	11.1% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	13.6% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	14.7% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	4.1% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	6.5% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.9% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	4.5% Caution Caution Operating profit relative to total assets Optimal: > 10%	5.1% Caution Caution Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	24.0% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+60%)	22.6% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+51%)	41.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+177%)	20.0% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+33%)	7.2% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-52%)	—	31.0% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+107%)	28.7% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+92%)	25.6% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+71%)	35.6% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+137%)	41.7% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+178%)	7.5% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-50%)	90.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+504%)	-47.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-416%)	-61.2% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-508%)	66.1% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+341%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Debt to Equity (x)	0.64x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-9%)	1.00x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+43%)	1.68x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+139%)	3.25x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+364%)	6.45x Weak → Weak Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+822%)	18.24x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+2505%)	0.66x Fair → Fair Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-6%)	0.68x Fair → Fair Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	0.67x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	0.57x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-19%)	0.73x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	1.05x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+50%)	0.93x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+33%)	-5.68x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-912%)	-9.36x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-1436%)	16.17x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+2210%)	—	—
Interest Coverage (x)	6.85x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	5.99x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	4.74x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	2.90x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.24x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-16.39x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	13.76x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	14.00x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	15.30x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	17.92x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	16.22x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	3.39x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	4.87x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	2.68x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	2.19x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	2.29x Caution Caution Operating income divided by interest expense Optimal: > 5x	-0.37x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$9.00B	$12.28B	$15.87B	$18.11B	$17.15B	$19.67B	$7.22B	$7.80B	$6.63B	$4.25B	$5.97B	$7.17B	$8.00B	$9.69B	$10.40B	$11.62B	$-4.61B	$-4.25B
Debt / EBITDA (x)	1.61x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.80x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.37x Fair → Fair Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.71x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.46x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-2.75x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.10x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.23x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.03x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.79x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.82x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.33x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.14x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.24x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.61x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.54x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue per Share (USD)	$97.78	$96.17	$90.84	$79.28	$47.01	$26.88	$72.21	$64.31	$57.14	$52.78	$51.07	$48.28	$44.49	$43.40	$41.90	$38.08	$33.93	—
Basic EPS, GAAP (USD)	$7.72	$5.39	$7.21	$2.07	$0.44	$-19.49	$7.32	$5.69	$4.45	$5.82	$5.68	$0.79	$12.41	$1.20	$1.02	$0.71	$-1.50	—
Free Cash Flow per Share (USD)	$12.87	$12.52	$10.12	$9.97	$5.13	$-5.96	$12.94	$10.15	$6.98	$9.59	$9.95	$5.92	$5.31	$2.93	$3.38	$3.40	$1.67	—
Dividend per Share (USD)	$0.68	$0.50	$0.20	$0.00	$0.00	$0.40	$1.51	$1.31	$1.02	$0.68	$0.45	$0.30	$0.12	$0.00	—	—	—	—
Book Value per Share (USD)	$32.18	$23.86	$17.38	$10.32	$6.11	$2.41	$23.59	$19.81	$17.40	$16.36	$13.61	$10.54	$13.71	$-2.52	$-1.67	$1.08	$0.30	—
Tangible Book Value per Share (USD)	$7.92	$-0.68	$-7.25	$-14.36	$-18.66	$-22.37	$0.64	$-1.34	$-2.93	$-3.13	$-4.77	$-6.68	$-3.31	$-19.65	$-19.02	$-16.36	$0.30	—
Basic Weighted Avg Shares (shares)	648.00M	641.00M	639.00M	638.00M	636.00M	636.00M	651.00M	691.00M	720.00M	751.00M	797.00M	836.00M	849.00M	845.00M	838.00M	834.00M	827.00M	—
Dividend Payout Ratio (%)	8.7% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	9.3% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	2.8% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	0.0% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	0.0% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	-2.1% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	20.6% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	23.0% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	22.9% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	11.7% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	7.9% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	38.0% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	1.0% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	0.0% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Working Capital (USD)	$-16.66B	$-16.83B	$-16.15B	$-12.93B	$-5.03B	$1.48B	$-11.96B	$-12.24B	$-11.15B	$-7.79B	$-8.47B	$-7.69B	$-4.50B	$-5.00B	$-4.97B	$-4.08B	—	—
LT Debt (USD)	$13.31B	$15.35B	$18.61B	$21.38B	$25.08B	$27.97B	$10.11B	$9.37B	$8.44B	$7.01B	$7.95B	$9.26B	$10.85B	$12.11B	$13.06B	$14.51B	—	—
Total Equity (USD)	$20.85B	$15.29B	$11.11B	$6.58B	$3.89B	$1.53B	$15.36B	$13.69B	$12.53B	$12.29B	$10.85B	$8.81B	$11.64B	$-2.13B	$-1.40B	$897.00M	$245.00M	$874.00M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Sales/Revenue/Turnover (USD)	$63.36B	$61.64B	$58.05B	$50.58B	$29.90B	$17.09B	$47.01B	$44.44B	$41.14B	$39.64B	$40.70B	$40.36B	$37.77B	$36.67B	$35.12B	$31.75B	$28.06B	—
Depreciation Expense (USD)	$2.44B	$2.51B	$2.34B	$2.11B	$2.00B	$2.31B	$2.58B	$2.33B	$2.22B	$1.90B	$1.83B	$1.77B	$1.66B	$1.56B	—	—	—	—
Net Income, GAAP (USD)	$5.00B	$3.46B	$4.61B	$1.32B	$280.00M	$-12.38B	$4.77B	$3.94B	$3.21B	$4.37B	$4.53B	$659.00M	$10.54B	$1.01B	$854.00M	$593.00M	$-1.24B	—
Operating Cash Flow (USD)	$8.34B	$8.03B	$6.46B	$6.36B	$3.26B	$-3.79B	$8.43B	$7.01B	$5.02B	$7.21B	$7.93B	$4.95B	$4.50B	$2.48B	$2.83B	$2.83B	$1.38B	—

DELTA AIR LINES, INC.

Analytical Summary

18-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Dividend History

Statement lens

Benchmark Lens

Signals

Percentile Rankings

Peer Comparison

Compare DAL with peers