Net margin is calculated as Net Income divided by its Revenue. Delta Air Lines's Net Income for the
three
months ended in Mar. 2026 was $-289 Mil. Delta Air Lines's Revenue for the
three
months ended in Mar. 2026 was $15,854 Mil. Therefore, Delta Air Lines's net margin for the quarter that ended in Mar. 2026 was -1.82%.
The historical rank and industry rank for Delta Air Lines's Net Margin % or its related term are showing as below:
DAL'
s Net Margin % Range Over the Past 10 Years
Min: -72.45 Med: 7.85 Max: 10.63
Current: 6.87
DAL's Net Margin % is ranked better than 58.73% of 1008
companies
in the Transportation industry
Industry Median: 4.99
vs DAL: 6.87
Delta Air Lines (NYSE:DAL) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Delta Air Lines Net Margin % Related Terms
Delta Air Lines Net Margin % Historical Data
* Premium members only.
The historical data trend for Delta Air Lines's Net 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.
For the Airlines subindustry, Delta Air Lines's Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Transportation Industry
For the Transportation industry and Industrials sector, Delta Air Lines's Net Margin % distribution charts can be found below:
* The bar in red indicates where Delta Air Lines's Net Margin % falls into.
* 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 (DAL) has a Net Margin % of -1.82% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Delta Air Lines and its competitors. According to the industry distribution chart, Delta Air Lines ranks #416 out of 1008 companies in the Transportation industry, placing it in the top 41.3%.
Is Delta Air Lines' Net Margin % too high?
Delta Air Lines' current Net Margin % is -1.82%. Based on the distribution chart, Delta Air Lines ranks #416 out of 1008 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' Net Margin % compare to UAL and LUV?
According to the Transportation industry distribution chart, Delta Air Lines ranks #416 out of 1008 companies for Net Margin %. This puts Delta Air Lines in the upper half of its industry. The industry median Net Margin % is 4.99. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Transportation company?
The median Net Margin % among Transportation companies is 4.99, based on 1,008 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Delta Air Lines and its competitors. For the Transportation industry, the median Net Margin % is 4.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delta Air Lines's current Net Margin % is -1.82%. 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 Net Margin % is -1.82%. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Delta Air Lines (DAL), the current Net Margin % is -1.82% 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:
Net Margin %: -1.82%
GF Value™: $54.11 vs. price of $90.65 (67.5% above fair value)
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.
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
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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