Delta Air Lines Inc (DAL)
Return on total capital
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 6,581,000 | 6,575,000 | 6,361,000 | 5,576,000 | 5,404,000 | 6,504,000 | 6,487,000 | 7,046,000 | 6,440,000 | 5,316,000 | 5,164,000 | 4,236,000 | 3,589,000 | 2,101,000 | 2,382,000 | 1,904,000 | 1,676,000 | 1,063,000 | -7,351,000 | -15,285,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 20,753,000 | 18,822,000 | 17,440,000 | 15,447,000 | 15,293,000 | 13,646,000 | 12,386,000 | 11,151,000 | 11,105,000 | 9,226,000 | 8,100,000 | 6,260,000 | 6,582,000 | 4,590,000 | 3,811,000 | 2,991,000 | 3,887,000 | 2,606,000 | 1,281,000 | 482,000 |
| Return on total capital | 31.71% | 34.93% | 36.47% | 36.10% | 35.34% | 47.66% | 52.37% | 63.19% | 57.99% | 57.62% | 63.75% | 67.67% | 54.53% | 45.77% | 62.50% | 63.66% | 43.12% | 40.79% | -573.85% | -3,171.16% |
December 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $6,581,000K ÷ ($—K + $20,753,000K)
= 31.71%
Peer comparison
Dec 31, 2025
Company name
Symbol
Return on total capital
Delta Air Lines Inc
DAL
31.71%
Alaska Air Group Inc
ALK
—
American Airlines Group
AAL
—
JetBlue Airways Corp
JBLU
-7.89%
SkyWest Inc
SKYW
23.43%
Southwest Airlines Company
LUV
8.48%
United Airlines Holdings Inc
UAL
30.09%