Stock Analysis
Delta Air Lines, Inc.DAL
P/E 15.07×· 5Y range 5.37–315.16×· 76th percentile of history
Sector: Consumer Cyclical · Industry: Air Transportation, Scheduled
AnalystsStrong Buy32 analystsP/E 15.1× sits at the 76th percentile of its 5.089664613278576-year history.
Cash covers 31% of debt · FY 2025.
PMP Verdict
Mixed fundamentals, expensive valuation
Strengths
- Growth100
Risks
- Valuation60
- Financial Health33
Mixed fundamentals at a demanding price.
Market context
-3.5% today· Z 1.8σ
Bull Case
- ✓ROE 15.8% — efficient capital deployment
- ✓Revenue CAGR 20.7% — durable top-line growth
What's happening with DAL
Profile
Strong growth; moat, financial health, earnings quality and profitability lag behind.
How is each axis scored?
- Valuation60/100 · Moderate
- P/E vs own history (76th pct)5/25
- FCF yield (n/a)10/25
- P/S (0.7x)25/25
- EV/EBIT (11.3x)20/25
- Growth100/100 · Strong
- Revenue CAGR (20.7%)25/25
- Net income CAGR (105.6%)25/25
- EPS CAGR 5Y (104.3%)25/25
- Fwd implied growth (42.2%)25/25
- Profitability43/100 · Weak
- ROIC (13.6%)12/25
- ROE (15.8%)20/25
- Net margin (4.6%)6/25
- Operating margin (7.4%)5/25
- Financial Health33/100 · Weak
- Altman Z (1.49)3/25
- Current ratio (0.40)0/25
- Interest coverage (5.4x)18/25
- Net cash / debt (D/A 12%)12/25
- Quality41/100 · Weak
- Piotroski F (6/9)15/25
- Beneish M (-2.48)20/25
- FCF conversion (n/a)0/25
- Margin stability (σ 22.3%)6/25
- Moat20/100 · Weak
- ROIC >12% years (8/10 yrs)20/25
- Median gross margin (9.2%)0/25
- FCF-positive years (n/a)0/25
- Worst-year net margin (worst -72.4%)0/25
Risk Flags
- ⚠Altman Z 1.5 — distress-zone balance sheet
About Delta Air Lines, Inc.
Atlanta-based Delta Air Lines is one of the world's largest airlines, with a network of over 300 destinations in more than 50 countries. Show more
Delta operates a hub-and-spoke network, where it gathers and distributes passengers across the globe through its biggest hubs in Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. Delta has historically earned most of its international revenue and profits from flying passengers over the Atlantic Ocean.
Headquarters: ATLANTA, GA · Employees: 103,000 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
60BP/E (TTM)15.1xB
Grade B: FairPrice / TTM EPS (own statements) — vs own 5Y history: 5.4x–315.2x · 76th pct
P/FCF16.5xB
Grade B: FairPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield6.1%A
Grade A: ValueInverse of Finnhub P/FCF (own TTM FCF unavailable)
P/S (TTM)0.69xA
Grade A: CheapPrice / TTM Revenue (own statements) — vs own 5Y history: 0.3x–1.5x · 69th pct
EV/EBIT11.3xA
Grade A: CheapEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 5.9x–57.4x · 68th pct
EV/Sales0.8xA
Grade A: CheapEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E10.6xA
Grade A: CheapPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio2.38xA
Grade A: FairPrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio0.77A
Grade A: CheapFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield1.03%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio10.8%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
43D+ROIC13.6%C
Grade C: AverageNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE15.8%C
Grade C: AverageReturn on Equity. Neg. equity = heavy buybacks
ROA3.9%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin4.6%D
Grade D: LowNet Income / Revenue
Operating Margin7.4%D
Grade D: LowTTM EBIT / TTM Revenue
Gross Margin7.4%D
Grade D: LowGross Profit / Revenue
FCF Margin—
FCF / Revenue
True FCF Margin—
TTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
100A+Revenue CAGR20.7%A
Grade A: HighCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR105.6%A
Grade A: HighCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)104.3%A
Grade A: HighCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth42.2%A
Grade A: HighAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)+2.3%C
Grade C: DilutiveShare count change over 5Y
SBC / Net Income—
Stock-based comp/Net income. >30% = dilution risk
SBC / Revenue—
TTM stock-based comp / TTM Revenue
Financial Health
33DAltman Z-Score1.49D
Grade D: DistressBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio0.40xD
Grade D: LowCurrent Assets/Liabilities
Quick Ratio0.24xD
Grade D: Low(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage5.4xC
Grade C: OkEBIT/Interest. >10 Strong
Debt Repayment—
Years to repay net debt via FCF
Net Debt/EBIT1.9xA
Grade A: LowLeverage. <2x Low, >4x High
Debt/Equity0.68xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.31xC
Grade C: PartialCash covers how much of total debt. >1 = could repay all debt from cash
Quality
41D+Piotroski F-Score6/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-2.48A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion—
FCF / Net Income
Margin Stability22.3%D
Grade D: VolatileEBIT margin std deviation. Lower = stable
Capex / Revenue—
TTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.85xC
Grade C: AverageRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Sear Steven M Filed | Sear Steven M | Option exercise | -40460 | |
Sear Steven M Filed | Sear Steven M | SellOpen market sale | -40460 | |
Sear Steven M Filed | Sear Steven M | Option exercise | +40.5K | |
HUERTA MICHAEL P Filed | HUERTA MICHAEL P | SellOpen market sale | -3100 | |
BELLEMARE ALAIN Filed | BELLEMARE ALAIN | Option exercise | -35000 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Carter Peter W Filed | Carter Peter W | Option exercise | -39900 | |
Carter Peter W Filed | Carter Peter W | SellOpen market sale | -39900 | |
Carter Peter W Filed | Carter Peter W | Option exercise | +39.9K |
Option exercise (M) rows report a derivative leg, not an open-market sale — a paired negative entry is the option position being consumed.
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
20EROIC >12% Years8/10 yrsA
Grade A: DurableShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)9.2%D
Grade D: WeakMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years—
Share of completed fiscal years with positive free cash flow
Net Margin Floor-72.4%D
Grade D: WeakWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$5.00
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$5.76
Cash & short-term investments per share (Finnhub)
Book Value / Share$34.22
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$14.11B
Total debt obligations (short + long term)
Cash & Equiv.$4.31B
Cash and short-term investments
Net Debt$9.80B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$20.85B
Shareholders' equity (book value)
Asset / Liability1.34xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$49.67B
Current Market Capitalization
Beta1.43C
Grade C: VolatilePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Sep 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Delta Air Lines, Inc. (DAL)
DAL is down 3.47% at the last close. Piotroski F-Score of 6/9 indicates mixed fundamentals for Delta Air Lines, Inc.. Altman Z-Score of 1.49 is below the 1.81 distress threshold — an elevated financial-risk flag.
- Beneish M-Score of -2.48 suggests a low likelihood of earnings manipulation.
- Revenue has compounded at roughly 21% annually, with net income growing about 106% per year — a strong growth profile.
- Delta Air Lines, Inc. posted a net loss in 1 of 10 available completed fiscal years (2016–2025).
See how DAL ranks on the Capex Tracker — top 50 capital spenders compared.
Earnings
View earnings calendar →Recent Earnings Results
| Date | Time | EPS Est. | EPS Actual | Surprise | Rev Est. | Rev Actual |
|---|---|---|---|---|---|---|
| Oct 9, 2026 | Pre-Mkt | $1.99 | — | — | $17.8B | — |
Recent Market Moves
See all DAL moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 14 | Regular | 76.69 | -3.62% | -2.33 |
| Oct 14 | After-hours | 76.68 | -3.63% | -2.34 |
| Sep 21 | Regular | 82.65 | +3.81% | 2.58 |
| Sep 21 | After-hours | 82.65 | +3.81% | 2.58 |
Frequently Asked Questions about DAL
What is the current Delta Air Lines, Inc. (DAL) stock price?
DAL is trading at $75.37 at the last market close, down 3.47% on the session. PreMarketPrice tracks DAL pre-market, intraday and after-hours prices.
Is DAL stock a buy right now?
PreMarketPrice's quantitative model rates Delta Air Lines, Inc.'s financial health at 33/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is DAL stock overvalued?
Delta Air Lines, Inc. trades at a trailing P/E of 15.1 and our valuation score rates it 60/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Delta Air Lines, Inc. report earnings?
No confirmed earnings date is currently scheduled for DAL. The Earnings section lists recent reports and updates as dates are announced.
What sector does Delta Air Lines, Inc. operate in?
Delta Air Lines, Inc. operates in the Consumer Cyclical sector, within the Air Transportation, Scheduled industry. The Related Stocks section lists sector peers for comparison.
What does Delta Air Lines, Inc. do?
Atlanta-based Delta Air Lines is one of the world's largest airlines, with a network of over 300 destinations in more than 50 countries.
About Delta Air Lines, Inc. (DAL) Stock
Delta Air Lines, Inc. (DAL) is a US-listed stock operating in the Consumer Cyclical sector, specifically the Air Transportation, Scheduled industry. As of the latest update, Delta Air Lines, Inc. is trading at $75.37, down 3.47% on the day with a market capitalization of $49.7 billion. The financial health score for DAL is 33/100, which indicates weak financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for DAL stock.
DAL Stock Analysis & Key Metrics
On PreMarketPrice, you can track Delta Air Lines, Inc. (DAL) across multiple dimensions:
- Pre-market price & movement: Real-time DAL stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Earnings calendar: Upcoming and past earnings reports for DAL, including EPS estimates, actual results, and surprise percentages.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for DAL with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Delta Air Lines, Inc. across multiple reporting periods.
- Financial health score: A composite score of 33/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for DAL.
- Sector peers: Compare DAL against 5 other consumer cyclical stocks on key financial metrics.
Is DAL a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Delta Air Lines, Inc. (DAL) as an investment. The financial health score of 33/100 suggests weak financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average. Earnings data reveals whether the company is meeting or beating analyst expectations.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Delta Air Lines, Inc. (DAL) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.