DAL (Delta Air Lines) FCF Margin %: 7.77% (As of Mar. 2026) — 125% Above Median


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 FCF Margin %?

Delta Air Lines DAL +4.53% 79 FCF Margin % is 7.77% as of Mar. 2026, which is 125% above its 10-year median of 3.45. 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. Among 1,006 Transportation companies, Delta Air Lines ranks better than 56.96% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Delta Air Lines's Free Cash Flow for the three months ended in Mar. 2026 was $1,232 Mil. Delta Air Lines's Revenue for the three months ended in Mar. 2026 was $15,854 Mil. Therefore, Delta Air Lines's FCF Margin % for the quarter that ended in Mar. 2026 was 7.77%.

As of today, Delta Air Lines's current FCF Yield % is 6.58%.

The historical rank and industry rank for Delta Air Lines's FCF Margin % or its related term are showing as below:

DAL' s FCF Margin % Range Over the Past 10 Years
Min: -33.3   Med: 3.45   Max: 9.69
Current: 6.02


During the past 13 years, the highest FCF Margin % of Delta Air Lines was 9.69%. The lowest was -33.30%. And the median was 3.45%.

DAL's FCF Margin % is ranked better than
56.96% of 1006 companies
in the Transportation industry
Industry Median: 4.38 vs DAL: 6.02


Delta Air Lines FCF Margin % Related Terms


Delta Air Lines FCF Margin % Historical Data

* Premium members only.

The historical data trend for Delta Air Lines's FCF Margin % 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 FCF Margin % Chart

Delta Air Lines Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 -0.01 1.97 4.68 6.06

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
FCF Margin % 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 8.22 3.89 4.13 8.45 7.77

DAL vs UAL, LUV, AAL: FCF Margin % Comparison

For the Airlines subindustry, Delta Air Lines's FCF Margin %, along with its competitors' market caps and FCF Margin % 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 FCF Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, Delta Air Lines's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Delta Air Lines's FCF Margin % falls into.


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

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Delta Air Lines's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=3843/63364
=6.06 %

Delta Air Lines's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=1232/15854
=7.77 %

* 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 FCF Margin % →
What does a FCF Margin % of 7.77% mean?
Delta Air Lines (DAL) has a FCF Margin % of 7.77% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Delta Air Lines and its competitors. This is 125% above median its historical median of 3.45. According to the industry distribution chart, Delta Air Lines ranks #433 out of 1006 companies in the Transportation industry, placing it in the top 43%.
Is Delta Air Lines' FCF Margin % too high?
Delta Air Lines' current FCF Margin % of 7.77% is 125% above median its 10-year median of 3.45. The Transportation industry median FCF Margin % is 4.38. Delta Air Lines' value of 7.77% is 77.4% above this industry median. Based on the distribution chart, Delta Air Lines ranks #433 out of 1006 companies in the Transportation industry, which is above the industry midpoint. 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' FCF Margin % compare to UAL and LUV?
According to the Transportation industry distribution chart, Delta Air Lines ranks #433 out of 1006 companies for FCF Margin %. This puts Delta Air Lines in the upper half of its industry. The industry median FCF Margin % is 4.38. Delta Air Lines' value of 7.77% is 77.4% above this benchmark. While the company's 10-year median is 3.45 vs. the industry median of 4.38, Delta Air Lines has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Transportation company?
The median FCF Margin % among Transportation companies is 4.38, based on 1,006 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Delta Air Lines's current FCF Margin % of 7.77% is 77.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Delta Air Lines and its competitors. For the Transportation industry, the median FCF Margin % is 4.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delta Air Lines's current FCF Margin % is 7.77%, which is 125% above median its own 10-year median of 3.45. 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 FCF Margin % is 7.77%, which is 125% above median its 10-year median of 3.45 and 77.4% above the Transportation industry median of 4.38. 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 FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Delta Air Lines (DAL), the current FCF Margin % is 7.77% 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:

  • FCF Margin %: 7.77% (125% above median its 10-year median of 3.45)
  • GF Value™: $54.11 vs. price of $90.65 (67.5% above fair value)
  • GF Score™: 79/100 with 10 warning signs
  • Industry Position: 77.4% above the Transportation median (#433 of 1006)

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

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

$90.65
Price
$54.11
GF Value