Not investment advice. FilingSight is an automated analytical research tool, not a registered investment advisor. Ratings and scores are quantitative analytical classifications, not buy or sell recommendations. Nothing here is personalized to your circumstances. Investing involves risk of loss — consult a licensed professional. See full disclosures.
Create a free account to read 3 full reports each month — plus a 14-day Pro trial. Get started →
Delta Air Lines
DALIndustrialsGenerated Jul 5, 2026, 08:08 PM UTC
DAL (Delta Air Lines) analytical snapshot. Return on equity 70.02%, ROA 6.26%, ROIC 25.18%. Net income up ▲ +249.7% YoY. Debt/equity 0.65, current ratio 0.42, net debt $8.18B. Market cap $60.94B at $92.75 per share. Trailing P/E 12.94, P/S 6.70, P/B 2.99. EV/Operating income ≈ 12.52 (EV $69.12B). Risk: Elevated. Macro: Risk-on · Supportive. Composite analytical score -8 (data confidence 81%). Descriptive analytics from public filings — not investment advice.
Market cap
$60.94B
656.99M shares
Price
$92.75
NYQ
P/E (ttm)
12.94
Revenue (FY)
—
Net margin
—
Free cash flow
$1.14B
Risk level
Elevated
Free SEC analysis
— computed from SEC filings, free to readFree previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score 0Stable
80% conf
Return on equity 70.02%, ROA 6.26%, ROIC 25.18%. Net income up ▲ +249.7% YoY. Debt/equity 0.65, current ratio 0.42, net debt $8.18B.
- Return on equity 70.02%, ROA 6.26%, ROIC 25.18%.
- Net income up ▲ +249.7% YoY.
- Debt/equity 0.65, current ratio 0.42, net debt $8.18B.
Revenue (FY)
—
Net margin
—
ROE
70.02%
ROA 6.26%
ROIC
25.18%
EPS (diluted)
$7.17
FY2025
Free cash flow
$1.14B
Debt / equity
0.65
Cash $5.05B
Current ratio
0.42
Equity $20.38B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2016 | $40.36B | — | 0.00 | 5.47 | 1.63 | $2.70B | 5.66 |
| 2017 | $40.70B | +0.8% | 0.00 | 19.17 | 11.12 | $4.98B | 51.36 |
| 2018 | $9.10B | -77.6% | 0.00 | 76.87 | 46.09 | $3.82B | 38.66 |
| 2019 | — | — | — | — | — | $1.13B | 28.42 |
| 2020 | — | — | — | — | — | $1.85B | 31.40 |
| 2021 | — | — | — | — | — | $3.49B | 34.83 |
| 2022 | — | — | — | — | — | -$5.69B | -80.64 |
| 2023 | — | — | — | — | — | $17.0M | 18.25 |
| 2024 | — | — | — | — | — | -$3.0M | 33.91 |
| 2025 | — | — | — | — | — | $1.14B | 70.02 |
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Mar 31, 2017 | $9.15B | -1.1% | — | 6.59% |
| Jun 30, 2017 | $19.94B | +1.2% | +118.0% | 9.16% |
| Jun 30, 2017 | $10.79B | -45.2% | -45.9% | 16.93% |
| Sep 30, 2017 | $31.00B | +2.7% | +187.3% | 9.69% |
| Sep 30, 2017 | $11.06B | -63.4% | -64.3% | 27.17% |
| Mar 31, 2018 | $9.97B | +9.5% | -9.9% | 5.49% |
Revenue (annual, SEC 10-K)
2016: 40,362
2017: 40,704
2018: 9,101
2019: 0
2020: 0
2021: 0
2022: 0
2023: 0
2024: 0
2025: 0
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Profitability trends (%)
GrossOperatingNet
Free cash flow (annual)
2016: 2,698
2017: 4,982
2018: 3,824
2019: 1,132
2020: 1,846
2021: 3,489
2022: -5,692
2023: 17
2024: -3
2025: 1,141
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Sources:SEC EDGAR — Company Facts (XBRL)
Free previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score 30Improving
80% conf
Latest annual report (10-K) filed Feb 11, 2026. Latest quarterly report (10-Q) filed Apr 8, 2026. 11 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Feb 11, 2026.
- Latest quarterly report (10-Q) filed Apr 8, 2026.
- 11 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- ~10,000+ recent 13F-HR filings reference Delta Air Lines; broad institutional reporting.
- Recent filers include LANSDOWNE PARTNERS (UK) LLP, LANSDOWNE PARTNERS (UK) LLP, MARATHON ASSET MANAGEMENT LP.
- 12 recent 13D activist/beneficial-ownership filings — potential catalyst.
- 8 recent 13G passive institutional ownership notices.
Latest 10-K
Feb 11, 2026
Annual report
Latest 10-Q
Apr 8, 2026
8-K (recent)
11
Insider net
—
0B/0S
13F filers
10k+
Activist 13D
12
Recent 13F institutional filers (SEC EDGAR full-text)
| Filer | Form | Filed |
|---|---|---|
| LANSDOWNE PARTNERS (UK) LLP | 13F-HR | Feb 14, 2020 |
| LANSDOWNE PARTNERS (UK) LLP | 13F-HR | Nov 13, 2019 |
| MARATHON ASSET MANAGEMENT LP | 13F-HR | May 15, 2013 |
| LANSDOWNE PARTNERS (UK) LLP | 13F-HR | Aug 13, 2019 |
| LANSDOWNE PARTNERS (UK) LLP | 13F-HR | Nov 10, 2016 |
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| Jun 22, 2026 | 8-K | FORM 8-K |
| Jun 12, 2026 | 8-K | FORM 8-K |
| Apr 8, 2026 | 8-K | 8-K |
| Mar 17, 2026 | 8-K | FORM 8-K |
| Mar 5, 2026 | 8-K | FORM 8-K |
| Feb 13, 2026 | 8-K | FORM 8-K |
| Jan 27, 2026 | 8-K | FORM 8-K |
| Jan 13, 2026 | 8-K | FORM 8-K |
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -31Deteriorating
60% conf
2 risk signal(s), 1 positive signal(s), 1 watch item(s) detected from XBRL filing diff analysis. 2 risk signal(s) detected versus 1 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- Material weakness in internal controls: The term "material weakness" appears in 19 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- NEW: Substantial doubt about ability to continue in latest filing: The term "substantial doubt" "ability to continue" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 12 filing(s).
- Operating cash flow exceeds net income: OCF is 1.40x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- NEW: Off-balance sheet arrangements: Off-balance sheet arrangements appears in recent filings but not in the prior 24-month period. Monitor for materiality.
- Endogenous analysis: 2 risk signal(s) detected versus 1 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- 1 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 2 new risk-language term(s) detected in filing text: Substantial doubt about ability to continue, Off-balance sheet arrangements.
- Ongoing high-severity risk language: Material weakness in internal controls.
Revenue
$9.10B
-77.6% YoY
Operating income
$5.52B
+50.8% YoY
Net income
$4.61B
+249.7% YoY
Operating cash flow
$6.46B
+1.6% YoY
Capex
$5.32B
-16.4% YoY
Total assets
$73.64B
+1.9% YoY
Long-term debt
$15.35B
-17.5% YoY
Cash & equivalents
$2.74B
-16.1% YoY
Filing quality score
72/100
1 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $40.70B | $9.10B | $-31.60B | -77.6% |
| Operating income | $3.66B | $5.52B | $1.86B | +50.8% |
| Net income | $1.32B | $4.61B | $3.29B | +249.7% |
| Operating cash flow | $6.36B | $6.46B | $101.0M | +1.6% |
| Capex | $6.37B | $5.32B | $-1.04B | -16.4% |
| Total assets | $72.29B | $73.64B | $1.36B | +1.9% |
| Long-term debt | $18.61B | $15.35B | $-3.26B | -17.5% |
| Cash & equivalents | $3.27B | $2.74B | $-525.0M | -16.1% |
| Stockholders equity | $3.89B | $6.58B | $2.69B | +69.3% |
| Interest expense | $650.0M | $481.0M | $-169.0M | -26.0% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | ProceedsFromShortTermDebt |
| Removed | AdvertisingExpense, AllocatedShareBasedCompensationExpense, AmortizationOfIntangibleAssets, CapitalizedComputerSoftwareAmortization1, CapitalizedComputerSoftwareNet, CashAndCashEquivalentsFairValueDisclosure, CurrentFederalTaxExpenseBenefit, CurrentForeignTaxExpenseBenefit, CurrentStateAndLocalTaxExpenseBenefit, DeferredFederalIncomeTaxExpenseBenefit |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Material weakness in internal controls | high | 19 | 2 | Ongoing |
| Substantial doubt about ability to continue | high | 12 | 0 | NEW |
| Impairment charge | medium | 39 | 2 | Ongoing |
| Restructuring | medium | 134 | 7 | Ongoing |
| Off-balance sheet arrangements | medium | 8 | 0 | NEW |
| Related party transactions | low | 19 | 2 | Ongoing |
Filing signal breakdown
Red flags: 2
Positive: 1
Watch: 1
Red flags
Positive
Watch
Unlock the rest
- ProValuationMarket cap $60.94B at $92.75 per share.
- ProPrice & TechnicalsPrice $92.75 — uptrend (above 200-DMA); 1-month momentum positive.
- ProMacro & RatesMarket regime: Risk-on · Supportive.
- ProRisk ScorecardComposite risk: Elevated.
This content is for Pro subscribers
Unlock the full breakdown from all analysts — valuation (DCF & Graham), price & technicals, macro, risk scorecard, and 13F/13D ownership flow — plus your research workspace.
3 sections free · 4 Pro sections locked · composite -8
Macro exposure
Cyclical / growth · High sensitivityMacro regime: Risk-on · Supportive. Delta Air Lines is a cyclical / growth name (high macro sensitivity) — risk appetite favors cyclical/growth names.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
16.59
Fed funds
3.63%
CPI YoY
+4.2%
Analytical read
deterministic previewPrice $92.75 — uptrend (above 200-DMA); 1-month momentum positive..
Risk
Elevated
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Cyclical / growth groupHow DAL stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| Airbnb Inc. ABNB | 30 | Supportive |
| Nike Inc. NKE | 28 | Supportive |
| Marathon Petroleum MPC | 25 | Supportive |
| Deere & Co. DE | 12 | Supportive |
| ASML Holding NV ASML | 10 | Supportive |
| GE Aerospace GE | 10 | Supportive |
| United Parcel Service UPS | 9 | Supportive |
| NVIDIA Corp. NVDA | 7 | Supportive |
| Alphabet Inc. GOOGL | 7 | Supportive |
| Booking Holdings BKNG | 6 | Supportive |
| Amazon.com Inc. AMZN | 4 | Supportive |
| Adobe Inc. ADBE | 3 | Supportive |
| Intuit Inc. INTU | 2 | Supportive |
| Micron Technology MU | 0 | Supportive |
| Lockheed Martin LMT | 0 | Supportive |
| Boeing Co. BA | 0 | Supportive |
| Starbucks Corp. SBUX | 0 | Supportive |
| IBM Corp. IBM | -3 | Supportive |
| Meta Platforms Inc. META | -4 | Supportive |
| Uber Technologies UBER | -4 | Supportive |
| Caterpillar Inc. CAT | -5 | Supportive |
| Schlumberger N.V. SLB | -7 | Supportive |
| Delta Air Lines DAL● you | -8 | Supportive |
| Linde plc LIN | -9 | Supportive |
| McDonald's Corp. MCD | -10 | Supportive |
| Home Depot Inc. HD | -10 | Supportive |
| Sherwin-Williams SHW | -10 | Supportive |
| Salesforce Inc. CRM | -11 | Supportive |
| Netflix Inc. NFLX | -12 | Supportive |
| Tesla Inc. TSLA | -14 | Supportive |
| Exxon Mobil Corp. XOM | -14 | Supportive |
| Palo Alto Networks PANW | -14 | Supportive |
| Apple Inc. AAPL | -15 | Supportive |
| Cisco Systems Inc. CSCO | -16 | Supportive |
| ConocoPhillips COP | -16 | Supportive |
| Microsoft Corp. MSFT | -16 | Supportive |
| Walt Disney Co. DIS | -17 | Supportive |
| Oracle Corp. ORCL | -18 | Supportive |
| CrowdStrike Holdings CRWD | -18 | Supportive |
| RTX Corp. RTX | -19 | Supportive |
| Advanced Micro Devices AMD | -19 | Supportive |
| Freeport-McMoRan FCX | -20 | Supportive |
| Chevron Corp. CVX | -22 | Supportive |
| T-Mobile US Inc. TMUS | -23 | Supportive |
| Texas Instruments TXN | -24 | Supportive |
| Honeywell International HON | -24 | Supportive |
| Qualcomm Inc. QCOM | -25 | Supportive |
| Intel Corp. INTC | -31 | Supportive |
| Verizon Communications VZ | -31 | Supportive |
| ServiceNow Inc. NOW | -33 | Supportive |
| Broadcom Inc. AVGO | -37 | Supportive |
| Occidental Petroleum OXY | — | Supportive |
| Phillips 66 PSX | — | Supportive |
| Valero Energy VLO | — | Supportive |
| EOG Resources EOG | — | Supportive |
| Air Products & Chemicals APD | — | Supportive |
| Newmont Corp. NEM | — | Supportive |
| Nucor Corp. NUE | — | Supportive |
| 3M Co. MMM | — | Supportive |
| Union Pacific Corp. UNP | — | Supportive |
| CSX Corp. CSX | — | Supportive |
| General Motors Co. GM | — | Supportive |
| MercadoLibre Inc. MELI | — | Supportive |
| Shopify Inc. SHOP | — | Supportive |
| Snowflake Inc. SNOW | — | Supportive |
| Cloudflare Inc. NET | — | Supportive |
| Datadog Inc. DDOG | — | Supportive |
| Zscaler Inc. ZS | — | Supportive |
| Okta Inc. OKTA | — | Supportive |
| Workday Inc. WDAY | — | Supportive |
| Autodesk Inc. ADSK | — | Supportive |
| Marvell Technology MRVL | — | Supportive |
| ON Semiconductor Corp. ON | — | Supportive |
| Microchip Technology MCHP | — | Supportive |
| Lam Research Corp. LRCX | — | Supportive |
| Applied Materials Inc. AMAT | — | Supportive |
| Comcast Corp. CMCSA | — | Supportive |
| Warner Bros Discovery WBD | — | Supportive |
| Spotify Technology SPOT | — | Supportive |
| Roku Inc. ROKU | — | Supportive |
| Pinterest Inc. PINS | — | Supportive |
| Alibaba Group BABA | — | Supportive |
| Lowe's Cos. LOW | — | Supportive |
| TJX Cos. TJX | — | Supportive |
| Dollar General Corp. DG | — | Supportive |
| Ulta Beauty Inc. ULTA | — | Supportive |
| Yum Brands Inc. YUM | — | Supportive |
| Chipotle Mexican Grill CMG | — | Supportive |
| Marriott International MAR | — | Supportive |
| Royal Caribbean Group RCL | — | Supportive |
| Hess Corp. HES | — | Supportive |
| Kinder Morgan KMI | — | Supportive |
| Energy Transfer ET | — | Supportive |
| Devon Energy DVN | — | Supportive |
| Albemarle Corp. ALB | — | Supportive |
| CF Industries CF | — | Supportive |
| Mosaic Co. MOS | — | Supportive |
| Dow Inc. DOW | — | Supportive |
| Norfolk Southern NSC | — | Supportive |
| Old Dominion Freight ODFL | — | Supportive |
| United Airlines Holdings UAL | — | Supportive |
| Eaton Corp. ETN | — | Supportive |
| General Dynamics GD | — | Supportive |