Delta Air Lines vs United Airlines
Delta Air Lines and United Airlines are similar in size: $63.36bn and $59.07bn of revenue in their latest fiscal years. United Airlines grew faster (3.5% against 2.8%). Delta Air Lines kept more of each dollar of sales as profit: a net margin of 7.9% against 5.7%.
| Latest fiscal year | Delta Air LinesDAL, 2025 | United AirlinesUAL, 2025 |
|---|---|---|
| Revenue | $63.36bn | $59.07bn |
| Revenue growth | 2.8% | 3.5% |
| Net income | $5.00bn | $3.35bn |
| Operating margin | — | 8.0% |
| Net margin | 7.9% | 5.7% |
| Return on equity | 27.7% | 24.0% |
| Free cash flow | $3.84bn | $2.56bn |
| Cash | $4.31bn | $5.94bn |
| Total debt | $14.11bn | $24.99bn |
| Debt to equity | — | 163.5% |
| Dividend per share | $0.68 | — |
| Dividend yield | 0.9% | — |
| Share buybacks | — | $637m |
| Employees | — | 113,200 |
| Market value | $54.74bn | $34.83bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 34 (Weak) | 36 (Weak) |
| Insider trades, 12 months | 0 buys, 33 sales | 0 buys, 14 sales |