Stock Analysis on Net

Delta Air Lines Inc. (NYSE:DAL)

This company has been moved to the archive! The financial data has not been updated since July 13, 2022.

Analysis of Profitability Ratios 

Microsoft Excel

Profitability Ratios (Summary)

Delta Air Lines Inc., profitability ratios

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Return on Sales
Gross profit margin 51.85% 37.44% 57.60% 56.25% 57.91%
Operating profit margin 6.31% -72.94% 14.08% 11.85% 14.82%
Net profit margin 0.94% -72.45% 10.14% 8.86% 8.67%
Return on Investment
Return on equity (ROE) 7.20% -807.37% 31.04% 28.75% 25.72%
Return on assets (ROA) 0.39% -17.20% 7.39% 6.53% 6.71%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Delta Air Lines Inc. gross profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Delta Air Lines Inc. operating profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Delta Air Lines Inc. net profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Delta Air Lines Inc. ROE deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.
ROA A profitability ratio calculated as net income divided by total assets. Delta Air Lines Inc. ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.

Gross Profit Margin

Delta Air Lines Inc., gross profit margin calculation

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Gross profit 15,504  6,400  27,076  24,996  23,886 
Operating revenue 29,899  17,095  47,007  44,438  41,244 
Profitability Ratio
Gross profit margin1 51.85% 37.44% 57.60% 56.25% 57.91%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Gross profit margin = 100 × Gross profit ÷ Operating revenue
= 100 × 15,504 ÷ 29,899 = 51.85%

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Delta Air Lines Inc. gross profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.

Operating Profit Margin

Delta Air Lines Inc., operating profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Operating income (loss) 1,886  (12,469) 6,618  5,264  6,114 
Operating revenue 29,899  17,095  47,007  44,438  41,244 
Profitability Ratio
Operating profit margin1 6.31% -72.94% 14.08% 11.85% 14.82%
Benchmarks
Operating Profit Margin, Competitors2
American Airlines Group Inc. -3.54% -60.11% 6.70% 5.96% 9.61%
CSX Corp. 44.67% 41.22% 41.59% 39.75% 32.14%
FedEx Corp. 6.98% 3.49% 6.41% 7.44% 8.35%
Union Pacific Corp. 42.83% 40.11% 39.40% 37.30% 37.95%
United Parcel Service Inc. 13.17% 9.08% 10.52% 9.77% 11.43%
Operating Profit Margin, Sector
Transportation 13.26% 5.90% 12.92% 12.88% 14.10%
Operating Profit Margin, Industry
Industrials 11.18% 4.89% 11.95% 13.10% 13.08%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Operating profit margin = 100 × Operating income (loss) ÷ Operating revenue
= 100 × 1,886 ÷ 29,899 = 6.31%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Delta Air Lines Inc. operating profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.

Net Profit Margin

Delta Air Lines Inc., net profit margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net income (loss) 280  (12,385) 4,767  3,935  3,577 
Operating revenue 29,899  17,095  47,007  44,438  41,244 
Profitability Ratio
Net profit margin1 0.94% -72.45% 10.14% 8.86% 8.67%
Benchmarks
Net Profit Margin, Competitors2
American Airlines Group Inc. -6.67% -51.25% 3.68% 3.17% 4.55%
CSX Corp. 30.19% 26.13% 27.90% 27.01% 47.96%
FedEx Corp. 6.23% 1.86% 0.77% 6.99% 4.97%
Union Pacific Corp. 29.92% 27.38% 27.27% 26.13% 50.43%
United Parcel Service Inc. 13.25% 1.59% 5.99% 6.67% 7.45%
Net Profit Margin, Sector
Transportation 10.77% 0.92% 7.13% 9.24% 12.94%
Net Profit Margin, Industry
Industrials 6.98% 2.18% 6.04% 5.42% 6.67%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Net profit margin = 100 × Net income (loss) ÷ Operating revenue
= 100 × 280 ÷ 29,899 = 0.94%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Delta Air Lines Inc. net profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.

Return on Equity (ROE)

Delta Air Lines Inc., ROE calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net income (loss) 280  (12,385) 4,767  3,935  3,577 
Stockholders’ equity 3,887  1,534  15,358  13,687  13,910 
Profitability Ratio
ROE1 7.20% -807.37% 31.04% 28.75% 25.72%
Benchmarks
ROE, Competitors2
American Airlines Group Inc. 48.88%
CSX Corp. 28.03% 21.11% 28.11% 26.34% 37.21%
FedEx Corp. 21.64% 7.03% 3.04% 23.55% 18.65%
Union Pacific Corp. 46.06% 31.54% 32.65% 29.21% 43.10%
United Parcel Service Inc. 90.44% 204.41% 135.90% 158.59% 491.00%
ROE, Sector
Transportation 45.00% 4.41% 31.28% 36.29% 42.95%
ROE, Industry
Industrials 20.09% 6.64% 24.51% 21.81% 21.48%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
ROE = 100 × Net income (loss) ÷ Stockholders’ equity
= 100 × 280 ÷ 3,887 = 7.20%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Delta Air Lines Inc. ROE deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.

Return on Assets (ROA)

Delta Air Lines Inc., ROA calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in millions)
Net income (loss) 280  (12,385) 4,767  3,935  3,577 
Total assets 72,459  71,996  64,532  60,266  53,292 
Profitability Ratio
ROA1 0.39% -17.20% 7.39% 6.53% 6.71%
Benchmarks
ROA, Competitors2
American Airlines Group Inc. -3.00% -14.33% 2.81% 2.33% 3.73%
CSX Corp. 9.33% 6.95% 8.71% 9.01% 15.31%
FedEx Corp. 6.32% 1.75% 0.99% 8.74% 6.17%
Union Pacific Corp. 10.27% 8.57% 9.60% 10.09% 18.53%
United Parcel Service Inc. 18.57% 2.15% 7.67% 9.58% 10.81%
ROA, Sector
Transportation 8.19% 0.62% 5.85% 7.75% 10.89%
ROA, Industry
Industrials 4.11% 1.10% 3.73% 3.54% 4.11%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
ROA = 100 × Net income (loss) ÷ Total assets
= 100 × 280 ÷ 72,459 = 0.39%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Delta Air Lines Inc. ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.