Delta Air Lines vs Southwest Airlines
Delta Air Lines is the larger business, with $63.36bn of revenue in fiscal 2025 against $28.06bn for Southwest Airlines (2.3 times as much). Delta Air Lines grew faster (2.8% against 2.1%). Delta Air Lines kept more of each dollar of sales as profit: a net margin of 7.9% against 1.6%.
| Latest fiscal year | Delta Air LinesDAL, 2025 | Southwest AirlinesLUV, 2025 |
|---|---|---|
| Revenue | $63.36bn | $28.06bn |
| Revenue growth | 2.8% | 2.1% |
| Net income | $5.00bn | $441m |
| Operating margin | — | 1.5% |
| Net margin | 7.9% | 1.6% |
| Return on equity | 27.7% | 4.8% |
| Free cash flow | $3.84bn | −$831m |
| Cash | $4.31bn | $3.23bn |
| Total debt | $14.11bn | $4.93bn |
| Debt to equity | — | 61.8% |
| Dividend per share | $0.68 | $0.72 |
| Dividend yield | 0.9% | 1.6% |
| Share buybacks | — | $2.55bn |
| Employees | — | — |
| Market value | $54.74bn | $21.52bn |
| Price vs our value range | Within our value range | — |
| Moat score | 34 (Weak) | 33 (Weak) |
| Insider trades, 12 months | 0 buys, 33 sales | 0 buys, 2 sales |