Delta Air Lines Inc
Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Detroit, Minneapolis-St. Paul, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattl… Read more
Delta Air Lines Inc (DAL) - Net Assets
Latest net assets as of December 2025: $20.75 Billion USD
Based on the latest financial reports, Delta Air Lines Inc (DAL) has net assets worth $20.75 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($81.19 Billion) and total liabilities ($60.43 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $20.75 Billion |
| % of Total Assets | 25.56% |
| Annual Growth Rate | 10.51% |
| 5-Year Change | 432.26% |
| 10-Year Change | 68.97% |
| Growth Volatility | 122.32 |
Delta Air Lines Inc - Net Assets Trend (1985–2025)
This chart illustrates how Delta Air Lines Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Delta Air Lines Inc (1985–2025)
The table below shows the annual net assets of Delta Air Lines Inc from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $20.75 Billion | +35.70% |
| 2024-12-31 | $15.29 Billion | +37.71% |
| 2023-12-31 | $11.11 Billion | +69.05% |
| 2022-12-31 | $6.57 Billion | +68.48% |
| 2021-12-31 | $3.90 Billion | +154.17% |
| 2020-12-31 | $1.53 Billion | -90.01% |
| 2019-12-31 | $15.36 Billion | +12.15% |
| 2018-12-31 | $13.69 Billion | +12.67% |
| 2017-12-31 | $12.15 Billion | -1.07% |
| 2016-12-31 | $12.28 Billion | +13.20% |
| 2015-12-31 | $10.85 Billion | +23.16% |
| 2014-12-31 | $8.81 Billion | -24.33% |
| 2013-12-31 | $11.64 Billion | +646.36% |
| 2012-12-31 | $-2.13 Billion | -52.65% |
| 2011-12-31 | $-1.40 Billion | -256.33% |
| 2010-12-31 | $893.00 Million | +17960.00% |
| 2009-12-31 | $-5.00 Million | -100.62% |
| 2008-12-31 | $809.00 Million | -63.34% |
| 2007-12-31 | $2.21 Billion | +116.24% |
| 2006-12-31 | $-13.59 Billion | -37.37% |
| 2005-12-31 | $-9.89 Billion | -70.72% |
| 2004-12-31 | $-5.80 Billion | -2295.04% |
| 2003-12-31 | $-242.00 Million | -127.10% |
| 2002-12-31 | $893.00 Million | -76.31% |
| 2001-12-31 | $3.77 Billion | -35.05% |
| 2000-12-31 | $5.80 Billion | +30.46% |
| 1999-12-31 | $4.45 Billion | +93.31% |
| 1998-12-31 | $2.30 Billion | +6.48% |
| 1997-12-31 | $2.16 Billion | -18.39% |
| 1996-12-31 | $2.65 Billion | +2.04% |
| 1995-12-31 | $2.60 Billion | +52.65% |
| 1994-12-31 | $1.70 Billion | +15.88% |
| 1993-12-31 | $1.47 Billion | -4.99% |
| 1992-12-31 | $1.54 Billion | +439.86% |
| 1991-12-31 | $286.00 Million | +33.52% |
| 1990-12-31 | $214.20 Million | -83.80% |
| 1989-12-31 | $1.32 Billion | -29.48% |
| 1988-12-31 | $1.88 Billion | -0.47% |
| 1987-12-31 | $1.88 Billion | +4.51% |
| 1986-12-31 | $1.80 Billion | +373.18% |
| 1985-12-31 | $381.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Delta Air Lines Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1126.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $13.34 Billion | 64.29% |
| Common Stock | $65.96K | 0.00% |
| Other Comprehensive Income | $-4.13 Billion | -19.92% |
| Other Components | $11.54 Billion | 55.63% |
| Total Equity | $20.75 Billion | 100.00% |
Delta Air Lines Inc Competitors by Market Cap
The table below lists competitors of Delta Air Lines Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kongsberg Gruppen ASA
PINK:NSKFF
|
$37.87 Billion |
|
Strategy Inc
LSE:0A7O
|
$38.08 Billion |
|
MSCI Inc
NYSE:MSCI
|
$38.17 Billion |
|
Crown Castle International Corp.
LSE:0I4W
|
$38.25 Billion |
|
Alcon AG
NYSE:ALC
|
$37.83 Billion |
|
MetLife Inc
NYSE:MET
|
$37.81 Billion |
|
Deutsche Post AG
PINK:DPSTF
|
$37.72 Billion |
|
Trip.com Group Limited
PINK:TRPCF
|
$37.72 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Delta Air Lines Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 15,293,000,000 to 20,753,000,000, a change of 5,460,000,000 (35.7%).
- Net income of 5,005,000,000 contributed positively to equity growth.
- Dividend payments of 440,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 844,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $5.00 Billion | +24.12% |
| Dividends Paid | $440.00 Million | -2.12% |
| Other Comprehensive Income | $844.00 Million | +4.07% |
| Other Changes | $51.00 Million | +0.25% |
| Total Change | $- | 35.70% |
Book Value vs Market Value Analysis
This analysis compares Delta Air Lines Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.92x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.52x to 1.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $24.17 | $60.84 | x |
| 1986-12-31 | $24.71 | $60.84 | x |
| 1987-12-31 | $26.90 | $60.84 | x |
| 1988-12-31 | $26.64 | $60.84 | x |
| 1989-12-31 | $23.70 | $60.84 | x |
| 1990-12-31 | $22.17 | $60.84 | x |
| 1991-12-31 | $20.15 | $60.84 | x |
| 1992-12-31 | $15.74 | $60.84 | x |
| 1994-12-31 | $19.36 | $60.84 | x |
| 1995-12-31 | $26.50 | $60.84 | x |
| 1996-12-31 | $30.75 | $60.84 | x |
| 1997-12-31 | $53.37 | $60.84 | x |
| 1998-12-31 | $28.62 | $60.84 | x |
| 1999-12-31 | $29.38 | $60.84 | x |
| 2000-12-31 | $44.72 | $60.84 | x |
| 2001-12-31 | $30.61 | $60.84 | x |
| 2002-12-31 | $7.24 | $60.84 | x |
| 2003-12-31 | $-5.34 | $60.84 | x |
| 2004-12-31 | $-45.63 | $60.84 | x |
| 2005-12-31 | $-61.26 | $60.84 | x |
| 2006-12-31 | $-69.18 | $60.84 | x |
| 2007-12-31 | $32.42 | $60.84 | x |
| 2008-12-31 | $1.87 | $60.84 | x |
| 2009-12-31 | $0.30 | $60.84 | x |
| 2010-12-31 | $1.06 | $60.84 | x |
| 2011-12-31 | $-1.65 | $60.84 | x |
| 2012-12-31 | $-2.51 | $60.84 | x |
| 2013-12-31 | $13.57 | $60.84 | x |
| 2014-12-31 | $10.43 | $60.84 | x |
| 2015-12-31 | $13.50 | $60.84 | x |
| 2016-12-31 | $16.27 | $60.84 | x |
| 2017-12-31 | $17.32 | $60.84 | x |
| 2018-12-31 | $19.72 | $60.84 | x |
| 2019-12-31 | $23.52 | $60.84 | x |
| 2020-12-31 | $2.41 | $60.84 | x |
| 2021-12-31 | $6.06 | $60.84 | x |
| 2022-12-31 | $10.27 | $60.84 | x |
| 2023-12-31 | $17.27 | $60.84 | x |
| 2024-12-31 | $23.60 | $60.84 | x |
| 2025-12-31 | $31.73 | $60.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Delta Air Lines Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 24.12%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.90%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 3.91x
- Recent ROE (24.12%) is above the historical average (-49.17%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 13.61% | 4.96% | 1.40x | 1.95x | $69.91 Million |
| 1986 | 13.89% | 4.44% | 1.29x | 2.42x | $85.92 Million |
| 1987 | 17.59% | 5.70% | 1.41x | 2.19x | $198.93 Million |
| 1988 | 11.57% | 3.53% | 1.32x | 2.48x | $40.98 Million |
| 1989 | -12.94% | -3.54% | 1.27x | 2.88x | $-575.01 Million |
| 1990 | -25.76% | -4.67% | 1.29x | 4.28x | $-702.81 Million |
| 1991 | -50.21% | -8.35% | 1.18x | 5.09x | $-1.20 Billion |
| 1992 | -26.07% | -3.39% | 1.02x | 7.57x | $-565.90 Million |
| 1994 | 20.96% | 3.35% | 1.03x | 6.11x | $213.30 Million |
| 1995 | 5.83% | 1.25% | 1.03x | 4.53x | $-111.80 Million |
| 1996 | 27.00% | 6.28% | 1.11x | 3.87x | $537.70 Million |
| 1997 | 24.88% | 7.08% | 1.11x | 3.17x | $598.70 Million |
| 1998 | 24.75% | 7.54% | 1.00x | 3.28x | $656.20 Million |
| 1999 | 24.75% | 7.48% | 0.89x | 3.72x | $656.20 Million |
| 2000 | 14.27% | 4.95% | 0.76x | 3.78x | $247.70 Million |
| 2001 | -32.26% | -8.76% | 0.59x | 6.26x | $-1.59 Billion |
| 2002 | -142.44% | -9.17% | 0.56x | 27.68x | $-1.36 Billion |
| 2003 | 0.00% | -5.40% | 0.54x | 0.00x | $-707.10 Million |
| 2004 | 0.00% | -34.12% | 0.70x | 0.00x | $-4.62 Billion |
| 2005 | 0.00% | -23.17% | 0.82x | 0.00x | $-2.83 Billion |
| 2006 | 0.00% | -35.38% | 0.89x | 0.00x | $-4.84 Billion |
| 2007 | 15.94% | 8.42% | 0.78x | 2.42x | $600.70 Million |
| 2008 | -1020.82% | -39.31% | 0.50x | 51.51x | $-9.01 Billion |
| 2009 | -504.90% | -4.41% | 0.64x | 177.71x | $-1.26 Billion |
| 2010 | 66.11% | 1.87% | 0.74x | 48.14x | $503.30 Million |
| 2011 | 0.00% | 2.43% | 0.81x | 0.00x | $993.60 Million |
| 2012 | 0.00% | 2.75% | 0.82x | 0.00x | $1.22 Billion |
| 2013 | 90.53% | 27.90% | 0.72x | 4.49x | $9.38 Billion |
| 2014 | 7.48% | 1.63% | 0.75x | 6.13x | $-222.30 Million |
| 2015 | 41.71% | 11.12% | 0.77x | 4.90x | $3.44 Billion |
| 2016 | 34.14% | 10.63% | 0.77x | 4.17x | $2.97 Billion |
| 2017 | 25.58% | 7.79% | 0.77x | 4.25x | $1.95 Billion |
| 2018 | 28.75% | 8.86% | 0.74x | 4.40x | $2.57 Billion |
| 2019 | 31.04% | 10.14% | 0.73x | 4.20x | $3.23 Billion |
| 2020 | -807.37% | -72.45% | 0.24x | 46.93x | $-12.54 Billion |
| 2021 | 7.20% | 0.94% | 0.41x | 18.64x | $-108.70 Million |
| 2022 | 20.02% | 2.61% | 0.70x | 10.98x | $659.80 Million |
| 2023 | 41.50% | 7.94% | 0.79x | 6.63x | $3.50 Billion |
| 2024 | 22.61% | 5.61% | 0.82x | 4.93x | $1.93 Billion |
| 2025 | 24.12% | 7.90% | 0.78x | 3.91x | $2.93 Billion |
Industry Comparison
This section compares Delta Air Lines Inc's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $87,156,709,242
- Average return on equity (ROE) among peers: 21.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Delta Air Lines Inc (DAL) | $20.75 Billion | 13.61% | 2.91x | $37.84 Billion |
| American Airlines Group (AAL) | $3.79 Billion | 70.70% | 12.55x | $6.80 Billion |
| Air Canada (ACDVF) | $2.39 Billion | 72.03% | 12.07x | $2.83 Billion |
| Grupo Aeroméxico, S.A.B. de C.V. (AERO) | $-899.91 Million | 0.00% | 0.00x | $260.71 Million |
| Air France-KLM SA (AFRAF) | $1.30 Billion | 61.11% | 16.69x | $1.02 Billion |
| Aegean Airlines S.A (AGZNF) | $499.36 Million | 26.02% | 4.76x | $461.90 Million |
| AirAsia Group Berhad (AIABF) | $1.61 Billion | -30.93% | 4.93x | $418.10 Million |
| Air China Limited (AICAF) | $66.60 Billion | 10.17% | 2.21x | $2.97 Billion |
| Allegiant Travel Company (ALGT) | $1.05 Billion | -4.25% | 3.00x | $1.17 Billion |
| Alaska Air Group Inc (ALK) | $345.30 Million | 2.98% | 2.51x | $4.42 Billion |
| ANA Holdings Inc (ALNPF) | $794.90 Billion | 9.83% | 1.80x | $7.63 Billion |