This is the standing evidence sheet for Delta Air Lines (DAL): the yardsticks BullScope computes from official SEC filings and market prices. It refreshes whenever a new edition of our research is published, and it is impersonal by design — every reader sees the same page. Nothing here is investment advice; it is the evidence, organized.
The price tag — what buyers pay per dollar of profit
Today the market pays about $11.4 for each $1 of Delta Air Lines’s annual profit (a price-to-earnings ratio of 11.4). Across its own past decade the typical price tag was 13.1, which puts today at roughly the 44th percentile of the company’s own history.
The tape — what the stock itself has done
- Last price: $84.54 · 10% below its 52-week high
- Past 6 months: +18.5% · past 12 months: +50.1%
- Day-to-day temperament: jumpy (annualized volatility 40%)
The filed record — straight from the annual reports
| Fiscal year | Revenue | Growth | Operating margin | EPS |
|---|---|---|---|---|
| FY2021 | $29.9B | +74.9% | 6.3% | $0.44 |
| FY2022 | $50.6B | +69.2% | 7.2% | $2.06 |
| FY2023 | $58.0B | +14.8% | 9.5% | $7.17 |
| FY2024 | $61.6B | +6.2% | 9.7% | $5.33 |
| FY2025 | $63.4B | +2.8% | 9.2% | $7.66 |
The road ahead — filed results vs published expectations
| FY2023A | FY2024A | FY2025A | FY2026E | FY2027E | |
|---|---|---|---|---|---|
| Net sales ($B) | 58.0 | 61.6 | 63.4 | 67.0 to 71.5 | 70.5 to 78.0 |
| Net sales growth (%) | +7.4 | +6.2 | +2.9 | 6 to 13 | 5 to 9 |
| Operating margin (%) | 9.5 | 9.7 | 9.2 | 8.5 to 10.5 | 8.0 to 11.0 |
| Diluted EPS ($) | 7.17 | 5.33 | 7.66 | 6.50 to 9.50 | 6.50 to 11.00 |
Columns marked A are actual filed results; E columns are the published consensus ranges the current price is being weighed against.
The four gauges — from the latest edition
Read the full report on Delta Air Lines in the BullScope Terminal → It opens with this company loaded.
Edition date: 2026-07-11. This page updates when a new edition is published. Sources: SEC EDGAR filings, Nasdaq prices; computed by BullScope’s published methodology.
