DAL (Delta Air Lines) EBIT: $6,302 Mil (TTM As of Mar. 2026)


DAL Delta Air Lines Inc DAL
79 GF Score
Price $90.65
GF Value $54.11
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Delta Air Lines EBIT?

Delta Air Lines DAL +4.53% 79 EBIT is $6,302 Mil as of Mar. 2026. GuruFocus rates DAL with a GF Score™ of 79/100 and a GF Value™ of $54.11 (Significantly Overvalued). The stock has 10 warning signs investors should review.

Delta Air Lines's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $-63 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $6,302 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Delta Air Lines's annualized ROC % for the quarter that ended in Mar. 2026 was 2.26%. Delta Air Lines's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -0.54%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Delta Air Lines's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.42%.


Delta Air Lines  (NYSE:DAL) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Delta Air Lines's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=2004 * ( 1 - 0% )/( (85896 + 91545)/ 2 )
=2004/88720.5
=2.26 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Delta Air Lines's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-252/( ( (45987 + max(-18552, 0)) + (46882 + max(-20164, 0)) )/ 2 )
=-252/( ( 45987 + 46882 )/ 2 )
=-252/46434.5
=-0.54 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(2850 + 1601 + 2207) - (12077 + 4876 + 8257)
=-18552

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4090 + 1767 + 2753) - (11922 + 5010 + 11842)
=-20164

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Delta Air Lines's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=6302/74802.536
=8.42 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Delta Air Lines EBIT Related Terms


Delta Air Lines EBIT Historical Data

* Premium members only.

The historical data trend for Delta Air Lines's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Delta Air Lines EBIT Chart

Delta Air Lines Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,677.00 2,943.00 6,442.00 5,405.00 6,864.00

Delta Air Lines Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 499.00 2,746.00 1,948.00 1,671.00 -63.00

DAL vs UAL, LUV, AAL: EBIT Comparison

For the Airlines subindustry, Delta Air Lines's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Delta Air Lines EV-to-EBIT vs Transportation Industry

For the Transportation industry and Industrials sector, Delta Air Lines's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Delta Air Lines's EV-to-EBIT falls into.


DAL
79GF Score
Delta Air Lines Inc DAL
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Delta Air Lines EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $6,302 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $6,302 Mil mean?
Delta Air Lines (DAL) has a EBIT of $6,302 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Delta Air Lines.
Is Delta Air Lines' EBIT too high?
Delta Air Lines' current EBIT is $6,302 Mil. Overall, Delta Air Lines has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Delta Air Lines' EBIT compare to UAL and LUV?
Delta Air Lines' EBIT of $6,302 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Transportation company?
A good EBIT depends on the Transportation industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Delta Air Lines. Delta Air Lines's current EBIT is $6,302 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delta Air Lines stock overvalued right now?
Based on GuruFocus' analysis, Delta Air Lines (DAL) is currently considered Significantly Overvalued. The stock's GF Value™ is $54.11, compared to a current price of $90.65 — trading 67.5% above its estimated fair value. The current EBIT is $6,302 Mil. Delta Air Lines' overall GF Score™ is 79/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Delta Air Lines (DAL), the current EBIT is $6,302 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Delta Air Lines (DAL) Overvalued in 2026?

Based on GuruFocus' analysis, Delta Air Lines stock appears to be overvalued. The current stock price of $90.65 is trading 67.5% above its estimated GF Value™ of $54.11. GuruFocus considers Delta Air Lines to be Significantly Overvalued.

Key valuation signals for DAL:

  • EBIT: $6,302 Mil
  • GF Value™: $54.11 vs. price of $90.65 (67.5% above fair value)
  • GF Score™: 79/100 with 10 warning signs

No single metric tells the full story. See the DAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Delta Air Lines Business Description

Address Post Office Box 20706, Atlanta, GA, USA, 30320-6001
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.
79GF Score

Get the complete analysis for DAL

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$90.65
Price
$54.11
GF Value