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Delta Air Lines Valuation Multiples
Discover revenue and EBITDA valuation multiples for Delta Air Lines and similar public comparables like United Airlines, Ryanair, IAG, Southwest Airlines and more.
Delta Air Lines Overview
About Delta Air Lines
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. 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.
Founded
1967
HQ
Employees
103.0K
Website
Sectors
Financials (LTM)
EV
$62B
Delta Air Lines Financials
Delta Air Lines reported last 12-month revenue of $60B and EBITDA of $8B.
In the same LTM period, Delta Air Lines generated $8B in EBITDA and $4B in net income.
Revenue (LTM)
Delta Air Lines P&L
In the most recent fiscal year, Delta Air Lines reported revenue of $63B and EBITDA of $9B.
Delta Air Lines expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $60B | XXX | $63B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $15B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 24% | XXX | XXX | XXX |
| EBITDA | $8B | XXX | $9B | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 15% | XXX | XXX | XXX |
| EBIT Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| Net Profit | $4B | XXX | $5B | XXX | XXX | XXX |
| Net Margin | 6% | XXX | 8% | XXX | XXX | XXX |
| Net Debt | — | — | $10B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Delta Air Lines Stock Performance
Delta Air Lines has current market cap of $47B, and enterprise value of $62B.
Market Cap Evolution
Delta Air Lines' stock price is $71.72.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $62B | $47B | 0.0% | XXX | XXX | XXX | $7.62 |
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Start Free TrialDelta Air Lines Valuation Multiples
Delta Air Lines trades at 1.0x EV/Revenue multiple, and 7.6x EV/EBITDA.
EV / Revenue (LTM)
Delta Air Lines Financial Valuation Multiples
As of April 20, 2026, Delta Air Lines has market cap of $47B and EV of $62B.
Equity research analysts estimate Delta Air Lines' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Delta Air Lines has a P/E ratio of 12.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $47B | XXX | $47B | XXX | XXX | XXX |
| EV (current) | $62B | XXX | $62B | XXX | XXX | XXX |
| EV/Revenue | 1.0x | XXX | 1.0x | XXX | XXX | XXX |
| EV/EBITDA | 7.6x | XXX | 6.7x | XXX | XXX | XXX |
| EV/EBIT | 11.0x | XXX | 10.7x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 4.1x | XXX | XXX | XXX |
| P/E | 12.6x | XXX | 9.4x | XXX | XXX | XXX |
| EV/FCF | 15.6x | XXX | 13.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Delta Air Lines Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Delta Air Lines Margins & Growth Rates
Delta Air Lines' revenue in the last 12 month grew by 9%.
Delta Air Lines' revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.1M for the same period.
Delta Air Lines' rule of 40 is 14% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Delta Air Lines' rule of X is 17% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Delta Air Lines Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 15% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | (14%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 14% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 17% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 4% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 15% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Delta Air Lines Public Comps
See public comps and valuation multiples for other Airlines comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Delta Air Lines | XXX | XXX | XXX | XXX | XXX | XXX |
| United Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| Ryanair | XXX | XXX | XXX | XXX | XXX | XXX |
| IAG | XXX | XXX | XXX | XXX | XXX | XXX |
| Southwest Airlines | XXX | XXX | XXX | XXX | XXX | XXX |
| IndiGo | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Delta Air Lines M&A Activity
Delta Air Lines acquired XXX companies to date.
Last acquisition by Delta Air Lines was on XXXXXXXX, XXXXX. Delta Air Lines acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Delta Air Lines
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialDelta Air Lines Investment Activity
Delta Air Lines invested in XXX companies to date.
Delta Air Lines made its latest investment on XXXXXXXX, XXXXX. Delta Air Lines invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Delta Air Lines
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Delta Air Lines
| When was Delta Air Lines founded? | Delta Air Lines was founded in 1967. |
| Where is Delta Air Lines headquartered? | Delta Air Lines is headquartered in United States. |
| How many employees does Delta Air Lines have? | As of today, Delta Air Lines has over 103K employees. |
| Who is the CEO of Delta Air Lines? | Delta Air Lines' CEO is Edward H. Bastian. |
| Is Delta Air Lines publicly listed? | Yes, Delta Air Lines is a public company listed on NYSE. |
| What is the stock symbol of Delta Air Lines? | Delta Air Lines trades under DAL ticker. |
| When did Delta Air Lines go public? | Delta Air Lines went public in 1967. |
| Who are competitors of Delta Air Lines? | Delta Air Lines main competitors are United Airlines, Ryanair, IAG, Southwest Airlines. |
| What is the current market cap of Delta Air Lines? | Delta Air Lines' current market cap is $47B. |
| What is the current revenue of Delta Air Lines? | Delta Air Lines' last 12 months revenue is $60B. |
| What is the current revenue growth of Delta Air Lines? | Delta Air Lines revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Delta Air Lines? | Current revenue multiple of Delta Air Lines is 1.0x. |
| Is Delta Air Lines profitable? | Yes, Delta Air Lines is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Delta Air Lines? | Delta Air Lines' last 12 months EBITDA is $8B. |
| What is Delta Air Lines' EBITDA margin? | Delta Air Lines' last 12 months EBITDA margin is 14%. |
| What is the current EV/EBITDA multiple of Delta Air Lines? | Current EBITDA multiple of Delta Air Lines is 7.6x. |
| What is the current FCF of Delta Air Lines? | Delta Air Lines' last 12 months FCF is $4B. |
| What is Delta Air Lines' FCF margin? | Delta Air Lines' last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of Delta Air Lines? | Current FCF multiple of Delta Air Lines is 15.6x. |
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