Delta Air Lines (DAL) Ratios
Delta Air Lines Ratios
MX:DAL's free cash flow for Q3 2026 was $300.00M. For the 2026 fiscal year, MX:DAL's free cash flow was decreased by $-1.41B and operating cash flow was $1.71B. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 0.40 | 0.37 | 0.39 | 0.50 | 0.76 |
| Quick Ratio | 0.34 | 0.32 | 0.34 | 0.45 | 0.71 |
| Cash Ratio | 0.16 | 0.12 | 0.10 | 0.13 | 0.38 |
| Solvency Ratio | 0.12 | 0.10 | 0.11 | 0.05 | 0.03 |
| Operating Cash Flow Ratio | 0.30 | 0.30 | 0.24 | 0.25 | 0.16 |
| Short-Term Operating Cash Flow Coverage | 3.46 | 3.69 | 2.17 | 2.70 | 1.83 |
| Net Current Asset Value | $ -49.47B | $ -50.23B | $ -52.27B | $ -52.70B | $ -52.63B |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.26 | 0.30 | 0.37 | 0.42 | 0.48 |
| Debt-to-Equity Ratio | 1.02 | 1.49 | 2.46 | 4.65 | 8.92 |
| Debt-to-Capital Ratio | 0.50 | 0.60 | 0.71 | 0.82 | 0.90 |
| Long-Term Debt-to-Capital Ratio | 0.38 | 0.48 | 0.61 | 0.76 | 0.87 |
| Financial Leverage Ratio | 3.91 | 4.93 | 6.63 | 10.98 | 18.64 |
| Debt Service Coverage Ratio | 2.22 | 2.30 | 2.04 | 1.31 | 1.16 |
| Interest Coverage Ratio | 8.57 | 8.03 | 6.62 | 3.56 | 1.47 |
| Debt to Market Cap | 0.33 | 0.41 | 0.78 | 1.10 | 1.08 |
| Interest Debt Per Share | 33.58 | 36.29 | 44.00 | 49.59 | 56.54 |
| Net Debt to EBITDA | 2.09 | 2.49 | 2.79 | 5.41 | 7.28 |
| Profitability Margins | |||||
| Gross Profit Margin | 22.84% | 26.86% | 26.73% | 22.06% | 7.13% |
| EBIT Margin | 8.82% | 8.77% | 11.10% | 5.82% | 5.61% |
| EBITDA Margin | 12.68% | 12.84% | 15.13% | 9.98% | 12.29% |
| Operating Profit Margin | 9.19% | 9.73% | 9.51% | 7.24% | 6.31% |
| Pretax Profit Margin | 9.76% | 7.56% | 9.66% | 3.78% | 1.33% |
| Net Profit Margin | 7.90% | 5.61% | 7.94% | 2.61% | 0.94% |
| Continuous Operations Profit Margin | 7.90% | 5.61% | 7.94% | 2.61% | 0.94% |
| Net Income Per EBT | 80.92% | 74.22% | 82.19% | 68.86% | 70.35% |
| EBT Per EBIT | 106.23% | 77.70% | 101.58% | 52.28% | 21.10% |
| Return on Assets (ROA) | 6.16% | 4.59% | 6.26% | 1.82% | 0.39% |
| Return on Equity (ROE) | 24.12% | 22.61% | 41.50% | 20.02% | 7.20% |
| Return on Capital Employed (ROCE) | 10.88% | 12.31% | 11.69% | 7.90% | 3.66% |
| Return on Invested Capital (ROIC) | 8.30% | 8.62% | 8.90% | 5.10% | 2.46% |
| Return on Tangible Assets | 7.65% | 5.80% | 7.96% | 2.33% | 0.49% |
| Earnings Yield | 11.13% | 8.82% | 17.93% | 6.29% | 1.13% |
| Efficiency Ratios | |||||
| Receivables Turnover | 22.23 | 19.12 | 18.55 | 15.93 | 12.44 |
| Payables Turnover | 9.35 | 9.70 | 9.57 | 7.72 | 6.55 |
| Inventory Turnover | 30.54 | 31.57 | 32.37 | 27.68 | 25.29 |
| Fixed Asset Turnover | 1.38 | 1.39 | 1.37 | 1.26 | 0.83 |
| Asset Turnover | 0.78 | 0.82 | 0.79 | 0.70 | 0.41 |
| Working Capital Turnover Ratio | -3.78 | -3.74 | -3.99 | -5.63 | -16.85 |
| Cash Conversion Cycle | -10.65 | -6.99 | -7.20 | -11.17 | -11.96 |
| Days of Sales Outstanding | 16.42 | 19.09 | 19.68 | 22.92 | 29.35 |
| Days of Inventory Outstanding | 11.95 | 11.56 | 11.28 | 13.18 | 14.43 |
| Days of Payables Outstanding | 39.02 | 37.64 | 38.16 | 47.28 | 55.74 |
| Operating Cycle | 28.37 | 30.65 | 30.96 | 36.10 | 43.78 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 12.87 | 12.38 | 10.12 | 9.97 | 5.13 |
| Free Cash Flow Per Share | 5.93 | 4.45 | 1.79 | -0.00 | 0.03 |
| Dividend Paid and CapEx Coverage Ratio | 1.69 | 1.47 | 1.19 | 1.00 | 1.00 |
| Capital Expenditure Coverage Ratio | 1.85 | 1.56 | 1.21 | 1.00 | 1.00 |
| Operating Cash Flow Coverage Ratio | 0.40 | 0.35 | 0.24 | 0.21 | 0.09 |
| Operating Cash Flow to Sales Ratio | 0.13 | 0.13 | 0.11 | 0.13 | 0.11 |
| Free Cash Flow Yield | 8.55% | 7.36% | 4.44% | -0.01% | 0.06% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 8.99 | 11.34 | 5.58 | 15.91 | 88.77 |
| Price-to-Sales (P/S) Ratio | 0.71 | 0.64 | 0.44 | 0.41 | 0.83 |
| Price-to-Book (P/B) Ratio | 2.17 | 2.56 | 2.31 | 3.19 | 6.39 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 11.70 | 13.59 | 22.53 | -10482.34 | 1553.43 |
| Price-to-Operating Cash Flow Ratio | 5.39 | 4.89 | 3.98 | 3.29 | 7.62 |
| Price-to-Earnings Growth (PEG) Ratio | 0.21 | -0.45 | 0.02 | 0.04 | -0.87 |
| Enterprise Value Multiple | 7.69 | 7.44 | 5.72 | 9.57 | 14.04 |
| Enterprise Value | 61.74B | 58.91B | 50.25B | 48.31B | 51.60B |
| EV to EBITDA | 7.69 | 7.44 | 5.72 | 9.57 | 14.04 |
| EV to Sales | 0.97 | 0.96 | 0.87 | 0.96 | 1.73 |
| EV to Free Cash Flow | 16.07 | 20.42 | 44.04 | -24154.34 | 3225.05 |
| EV to Operating Cash Flow | 7.40 | 7.34 | 7.77 | 7.59 | 15.81 |
| Tangible Book Value Per Share | 7.77 | -0.67 | -7.25 | -14.38 | -18.64 |
| Shareholders’ Equity Per Share | 32.03 | 23.60 | 17.38 | 10.32 | 6.11 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.19 | 0.26 | 0.18 | 0.31 | 0.30 |
| Revenue Per Share | 97.78 | 95.13 | 90.84 | 79.28 | 47.01 |
| Net Income Per Share | 7.72 | 5.33 | 7.21 | 2.07 | 0.44 |
| Tax Burden | 0.81 | 0.74 | 0.82 | 0.69 | 0.70 |
| Interest Burden | 1.11 | 0.86 | 0.87 | 0.65 | 0.24 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.04 | 0.06 | 0.02 | 0.01 | -0.02 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 1.67 | 2.32 | 1.40 | 4.83 | 11.65 |
Currency in USD
