Delta Air Lines Inc (DAL)

Return on total capital

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Earnings before interest and tax (EBIT) US$ in thousands 5,589,000 5,405,000 6,442,000 2,943,000 1,677,000
Long-term debt US$ in thousands — — — — —
Total stockholders’ equity US$ in thousands 20,753,000 15,293,000 11,105,000 6,582,000 3,887,000
Return on total capital 26.93% 35.34% 58.01% 44.71% 43.14%

December 31, 2025 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $5,589,000K ÷ ($—K + $20,753,000K)
= 26.93%