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Stocks/Industrials/Passenger Airlines

Delta Air LinesDAL

Passenger Airlines · Atlanta, Georgia · In the S&P 500
Solid businessCheaper than peers
$80.15−1.83%After hours: $80.13 (−0.02%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 36.4% over 1 year
Delta Air Lines over 1 yearDaily close, $, to 30 Oct 2026
$60Nov2026MarMayJulSep$80.15$60NovMarJul$80.15
Source: Nasdaq daily closes
Market value$52.73B
Price to earnings16.0x
Forward P/E12.4x
Dividend yield1.07%
Year to date+15.5%
One year+36.4%
Next earningsNot scheduled
SectorIndustrials
52-week range (closes)
$55.65$93.66

Quality and valuation

How Delta Air Lines compares with other industrials stocks. A description, not a recommendation.

Delta Air Lines and 7 passenger airlines peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: cheaper than most

An average business among industrials companies, priced below most of them.

Delta Air Lines trades at 12.4 times the next 12 months of expected earnings, against a median of 21.4x for the 89 industrials stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +14.1% vs +8.2%
  • Less profitable (operating margin): 7.4% vs 17.5%
DAL trades at 12.4x forward earnings, below the sector medianForward p/e, Passenger Airlines peers
DAL12.4xLMT20.6xCAT21.6xUNP22.3xRTX26.8xDE32.3xGE35.7xGEV40.8xSector median 21.4xDAL12.4xLMT20.6xCAT21.6xUNP22.3xRTX26.8xDE32.3xGE35.7xGEV40.8xSector median 21.4x
Source: CNBC quotes; Mostly Markets
At 16.0x earnings, DAL is pricier than its average since Oct 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
8x10x12x15xAverage 10.0x2025202616.0x10x15xAverage 10.0x2025202616.0x
Source: Nasdaq prices; SEC filings

Financials

From Delta Air Lines's SEC filings, through the quarter ending 30 Sep 2026. Hover or tap a bar for its value.

Revenue grew 21.1% from a year earlierQuarterly revenue, $bn, latest Q3 ’26
$0bn$10bn$20bnQ4 ’24Q2 ’25Q4 ’25$20.2bnQ3 ’26$0bn$10bn$20bnQ4 ’24Q2 ’25Q4 ’25$20.2bnQ3 ’26
Source: SEC filings
Growth sped up to +21.1% last quarterRevenue growth, year on year, %
0%10%20%Q4 ’24Q2 ’25Q4 ’2521.1%Q3 ’260%10%20%Q4 ’24Q2 ’25Q4 ’2521.1%Q3 ’26
Source: SEC filings
Operating margin was 7.2% last quarterOperating income as a share of revenue, %
0%5%10%Q4 ’24Q2 ’25Q4 ’257.2%Q3 ’260%5%10%Q4 ’24Q2 ’25Q4 ’257.2%Q3 ’26
Source: SEC filings
Free cash flow by quarterQuarterly free cash flow (operating cash flow minus capex), $bn
$0.0bn$0.5bn$1.0bnQ4 ’24Q2 ’25Q4 ’25$0.0bn$0.5bn$1.0bnQ4 ’24Q2 ’25Q4 ’25
Source: SEC filings
Last 12 monthsDALSector median
Revenue growth+14.1%+8.2%
Operating margin7.4%17.5%
Price to earnings16.0x25.8x

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Similar companies

Passenger Airlines, by market value.

CompanyPriceTodayYTDValue
GEGE Aerospace$301.80−3.59%−2.0%$312B
CATCaterpillar$622.75−3.81%+8.7%$286B
RTXRTX$199.80+0.20%+8.9%$270B
GEVGE Vernova$857.87−3.38%+31.3%$227B
DEDeere &$675.48+2.35%+45.1%$182B
UNPUnion Pacific$304.00+0.69%+31.4%$181B
LMTLockheed Martin$636.95−1.03%+31.7%$147B
ETNEaton$369.97−6.03%+16.2%$144B