Stocks · Industrials · Airlines, Airports & Air Services
Delta Air Lines, Inc. DAL
$84.09 -0.05% Close, Oct 2, 2026 · NYSE · Market cap $55.30B
Strong growthStrong trendInexpensive vs sector
Next earnings report: Oct 9, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Earnings beat analyst estimates in each of the last 7 quarters (average surprise over the last four: +6.3%).
- The stock is in an uptrend: above its 200-day average for 140 trading days, with the 50-day average above the 200-day.
- Revenue over the last four quarters was $68.29B, up 10.3% from a year earlier, accelerating from 5.2% a quarter earlier.
PromtFinance scores
Each score is a percentile within the Industrials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 41%
- EPS growth (TTM, YoY)Bottom 31%
- FCF growth (TTM, YoY)Top 11%
- Revenue growth, 3-year CAGRTop 36%
- Revenue growth accelerationTop 19%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 40%
- Gross marginBottom 48%
- Operating marginTop 46%
- Cash conversion (OCF / net income)Top 31%
- Accruals (lower is better)Top 43%
- Net debt / EBITDA (lower is better)Top 47%
- Interest coverTop 28%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 6%
- Free-cash-flow yieldTop 7%
- EBITDA / enterprise valueTop 11%
- Sales / enterprise valueTop 22%
- P/E vs own 5-year history (lower is better)Bottom 43%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 25%
- 6-month returnTop 23%
- 1-year return vs S&P 500Top 19%
- Distance from 52-week highTop 20%
- Trend checklist (0–4)Top 10%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 46%
- Consecutive EPS beatsTop 17%
- Share of analysts rating BuyTop 14%
- Upside to consensus price targetBottom 40%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 24%
- Maximum drawdown, 3 yearsTop 46%
- Beta vs S&P 500 (lower is better)Bottom 37%
- Net debt / EBITDA (lower is better)Top 47%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 5.2% | 10.3% | ↑ |
| EPS growth (YoY) | 21.5% | -12.5% | ↓ |
| Gross margin | 26.9% | 27.3% | ↑ |
| Operating margin | 9.3% | 8.1% | ↓ |
| FCF margin | 3.8% | 8.9% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 10.3% | 5.2% | ↑ | Top 41% |
| EPS growth (TTM, YoY) | -12.5% | 21.5% | ↓ | Bottom 31% |
| Gross margin | 27.3% | 26.9% | ↑ | Bottom 48% |
| Operating margin | 8.1% | 9.3% | ↓ | Top 46% |
| Net margin | 5.8% | 7.2% | ↓ | — |
| Free-cash-flow margin | 8.9% | 3.8% | ↑ | — |
| Return on invested capital | 7.5% | — | Top 40% | |
| Revenue growth, 3-year CAGR | 7.8% | — | Top 36% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 2.06×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -4.8%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +4.4 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 1.82×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 8.9×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.91%
- Net buyback yield (TTM)
- 0.00%
- Shareholder yield
- 0.91%
- Share count change, 1 year
- +0.8%
- Share count change, 3-year CAGR
- +0.8%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 10, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 7
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +6.3%
- Average 2-day reaction, last 8
- +6.3%
- Positive 20 days after report
- 8 of 8
Analysts
- Consensus price target
- $104.57
- Target vs current price
- +24.4%
- Analysts with a rating
- 45
- Share rating Buy or Strong Buy
- 82%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 9, 2026 | +4.7% | +2.0% | -1.5% | +6.7% | -3.6% |
| Apr 8, 2026 | +10.3% | +3.7% | +9.3% | +8.0% | +41.3% |
| Jan 13, 2026 | +1.3% | -2.4% | -5.0% | +4.8% | -4.5% |
| Oct 9, 2025 | +8.9% | +4.3% | +8.0% | +2.5% | +25.7% |
| Jul 10, 2025 | +1.9% | +12.0% | +9.6% | +6.7% | +12.6% |
| Apr 9, 2025 | +20.9% | +23.4% | +13.8% | +26.3% | +39.4% |
| Jan 10, 2025 | +6.3% | +9.0% | +7.7% | +10.9% | -39.3% |
| Oct 10, 2024 | -1.3% | -1.4% | +10.5% | +22.2% | +17.8% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 9, 2026 | $1.56 | $1.49 | +4.7% | $19.76B |
| Apr 8, 2026 | $0.64 | $0.58 | +10.3% | $14.20B |
| Jan 13, 2026 | $1.55 | $1.53 | +1.3% | $14.61B |
| Oct 9, 2025 | $1.71 | $1.57 | +8.9% | $16.67B |
| Jul 10, 2025 | $2.10 | $2.06 | +1.9% | $16.65B |
| Apr 9, 2025 | $0.46 | $0.38 | +20.9% | $14.04B |
| Jan 10, 2025 | $1.85 | $1.74 | +6.3% | $15.56B |
| Oct 10, 2024 | $1.50 | $1.52 | -1.3% | $15.68B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 13.9× | 9.9× | 68th | Top 6% |
| P/E (forward) | 14.2× | — | — | — |
| EV / EBITDA | 8.4× | — | — | Top 11% |
| EV / Sales | 1.03× | — | — | Top 22% |
| Free-cash-flow yield | 10.97% | — | — | Top 7% |
| Earnings yield | 7.17% | — | — | Top 6% |
P/E over the past five years
Range 5.7× – 276.2× since Dec 31, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +49.9%
- Earnings per share growth (TTM)
- -12.5%
- Change in P/E multiple
- +75.8%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 2
- Days above the 200-day average
- 140
- 50-day average slope (20 days)
- -3.1%
- 200-day average slope (20 days)
- +2.3%
- Distance from 50-day average
- +0.0%
- Distance from 200-day average
- +10.9%
- RSI (14)
- 55.0
- Relative volume
- 1.13×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 30.4%
- Volatility vs own 5-year history
- 18th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.22
- Correlation with S&P 500
- 0.46
- Current drawdown from 1-year high
- -10.2%
- Maximum drawdown, 3 years
- -48.0%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Feb 5, 2025 | Apr 8, 2025 | -48.0% | 43 days | 170 days (Dec 10, 2025) |
| Apr 6, 2021 | Sep 26, 2022 | -45.8% | 372 days | 404 days (May 6, 2024) |
| May 15, 2024 | Aug 7, 2024 | -29.9% | 57 days | 49 days (Oct 16, 2024) |
| Feb 6, 2026 | Mar 12, 2026 | -23.1% | 23 days | 49 days (May 21, 2026) |
| Jun 30, 2026 | Sep 1, 2026 | -18.4% | 44 days | Not yet recovered |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $55.30B
- P/E (TTM)
- 13.9
- EPS, diluted (TTM)
- $6.03
- Revenue (TTM)
- $68.29B
- Dividend yield
- 1.18%
- 52-week range
- $55.03 – $95.68
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $29.90B | $50.58B | $58.05B | $61.64B | $63.36B |
| Gross profit | $2.13B | $11.16B | $15.52B | $16.56B | $14.47B |
| Operating income | $1.89B | $3.66B | $5.52B | $6.00B | $5.82B |
| Net income | $280.0M | $1.32B | $4.61B | $3.46B | $5.00B |
| EPS (diluted) | $0.44 | $2.06 | $7.17 | $5.33 | $7.66 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $15.68B | $15.56B | $14.04B | $16.65B | $16.67B | $16.00B | $15.85B | $19.76B |
| Net income | $1.27B | $843.0M | $240.0M | $2.13B | $1.42B | $1.22B | -$289.0M | $1.60B |
| EPS (diluted) | $1.97 | $1.29 | $0.37 | $3.26 | $2.17 | $1.86 | -$0.44 | $2.44 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $3.26B | $6.36B | $6.46B | $8.03B | $8.34B |
| Capital expenditure | -$3.25B | -$6.37B | -$5.32B | -$5.14B | -$4.50B |
| Free cash flow | $16.0M | -$2.0M | $1.14B | $2.88B | $3.84B |
| Dividends paid | $0 | $0 | -$128.0M | -$321.0M | -$440.0M |
| Net share buybacks | $0 | $0 | $0 | $0 | $0 |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $4.67B
- Total assets
- $86.32B
- Total liabilities
- $64.51B
- Total debt
- $19.98B
- Net debt
- $15.32B
- Shareholders’ equity
- $21.82B
As of Jun 30, 2026 (filed Jul 10, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Oct 15, 2026 | $0.22 | Nov 5, 2026 |
| Jul 9, 2026 | $0.22 | Jul 30, 2026 |
| May 14, 2026 | $0.19 | Jun 4, 2026 |
| Feb 26, 2026 | $0.19 | Mar 19, 2026 |
| Oct 16, 2025 | $0.19 | Nov 6, 2025 |
| Jul 31, 2025 | $0.19 | Aug 21, 2025 |
| May 13, 2025 | $0.15 | Jun 3, 2025 |
| Feb 27, 2025 | $0.15 | Mar 20, 2025 |
Short interest
- Shares sold short
- 26,222,815
- Days to cover
- 4.94
- Change vs previous report
- +3.8%
FINRA short interest, settlement date Sep 15, 2026.