DELTA AIR LINES, INC. · Air Transportation, Scheduled

DAL

Low riskNext report: Around Jan 12, 2027 (est.)

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The short version

A profitable company with growing sales.

Going well

Sales up 21% in the latest quarter vs a year ago
Profitable
Brings in more cash than it spends

Money moves

No insider buying or selling in the last 30 days
Institutions added 0.8% to their holdings in the quarter ending June 2026 (790 bought, 591 sold)
Held by Warren Buffett (Berkshire Hathaway), Ray Dalio (Bridgewater), Stanley Druckenmiller (Duquesne)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$79.19+3.2% that day

Company value: $52.1B; Share price times all shares
Price vs profit (P/E): 15.8x; You pay about $16 for each $1 of yearly profit
Price vs sales: 0.73x; Company value is 0.73 times a year of sales
Dividend yield: 0.9%; Yearly dividend as a share of today's price
Cash vs value: 7%; Cash as a share of company value
Debt vs value: 26%; Debt as a share of company value

From DAL's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Sep '26

$20.2B+21% vs a year earlier

Dec '23Tap a barSep '26

Last 12 months: $71.8B, up 14% from the 12 months before. Over 5 years, sales grew about 30% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of DAL. Starting points are the company's recent numbers.

Sales growth+14% a yearRecently: +14% a yearProfit margin5%Last 12 months: 4.6%P/E at the end16xToday: 15.8x. Many steady companies trade at 12x to 25xShare count change+1% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$138.2B

Profit in 5 years$6.9B

Price these guesses point to$159.94+102% vs $79.19 todayAbout +15% a year, before dividends

What today's price needs: with a 5% margin and a 16x P/E, sales could shrink about 1.0% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

2/6Weak

PassReturn on equity 15%+Earns a lot on the money owners have in the business.27.7%
MissDebt under half of equityNot relying on borrowed money.0.64x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.7.9%
MissProfitable every yearSteady profits, not one good year.9 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$8.3B
MissShare count not growingNot diluting owners. Falling means buybacks.+2.0% in 3 years

Revenue: $63.4B; +2.8% vs prior year
5-year growth: +30.0%/yr; revenue, per year
Total debt: $13.3B; 0.64x equity
Current ratio: 0.40x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.