Delta Air Lines (DAL) EV to EBITDA (2010 - 2026)
Delta Air Lines' EV to EBITDA came in at 7.08 for Q2 2026, up 103.5% from 3.48 a year earlier and up 50.8% from the prior quarter.
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Analysis
Delta Air Lines (DAL) EV to EBITDA (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Delta Air Lines reported EV to EBITDA of 5.44, up 149.8% year-over-year; for FY2025, it was 4.96, up 17.2% from FY2024.
- EV to EBITDA has increased in each of the last three years.
- Going back by year, EV to EBITDA was 4.23 in FY2024 (+51.2%), 2.80 in FY2023 (+11.1%), 2.52 in FY2022 (-28.5%) and 3.52 in FY2021.
- The Q2 2026 figure represents the highest quarterly EV to EBITDA since Q4 2014.
- Year-over-year, EV to EBITDA has increased for five consecutive quarters, with growth averaging 38.0% over the last eight quarters.
- The fastest year-over-year change in EV to EBITDA over five years came in Q2 2023 (growth of 122.9%), and the weakest in Q3 2022 (a decline of 58.2%).
- Business Quant data shows DAL's EV to EBITDA at 4.70 (Q1 2026), 4.96 (Q4 2025) and 3.90 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Union Pacific | 162.85 Bn | 157.37 Bn | - |
| 2 | Csx | 86.62 Bn | 82.84 Bn | - |
| 3 | Canadian Pacific Kansas City | 76.11 Bn | 75.83 Bn | - |
| 4 | United Parcel Service | 70.66 Bn | 47.58 Bn | - |
| 5 | Norfolk Southern | 70.32 Bn | 64.96 Bn | - |
| 6 | Fedex | 68.53 Bn | 34.48 Bn | - |
| 7 | Delta Air Lines | 55.25 Bn | 37.43 Bn | - |
| 8 | Old Dominion Freight Line | 36.69 Bn | 35.95 Bn | - |
| 9 | Ryanair Holdings | 28.78 Bn | 12.78 Bn | 3.13 Bn |
| 10 | Copart | 25.20 Bn | 8.75 Bn | 732.88 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.08 |
| Mar 31, 2026 | 4.70 |
| Dec 31, 2025 | 4.96 |
| Sep 30, 2025 | 3.90 |
| Jun 30, 2025 | 3.48 |
| Mar 31, 2025 | 2.93 |
| Dec 31, 2024 | 4.23 |
| Sep 30, 2024 | 3.56 |
| Jun 30, 2024 | 3.06 |
| Mar 31, 2024 | 3.00 |
| Dec 31, 2023 | 2.80 |
| Sep 30, 2023 | 2.36 |
| Jun 30, 2023 | 3.33 |
| Mar 31, 2023 | 2.50 |
| Dec 31, 2022 | 2.52 |
| Sep 30, 2022 | 2.13 |
| Jun 30, 2022 | 1.49 |
| Mar 31, 2022 | 3.41 |
| Dec 31, 2021 | 3.52 |
| Sep 30, 2021 | 5.10 |
API Access
Delta Air Lines EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=DAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "DAL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=DAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();