Delta Air Lines (DAL) Return on Capital Employed (2010 - 2026)
Delta Air Lines (DAL) posted Return on Capital Employed of 10.65% for Q2 2026, down 7.09% on a QoQ basis from 11.47% in Q1 2026, and down 108.0% year-over-year from 133.18% in Q2 2025.
Delta Air Lines (DAL) Return on Capital Employed (2010 - 2026) Analysis & Trends
Delta Air Lines' Return on Capital Employed history runs 17 years deep, the most recent figure standing at 10.65% for Q2 2026.
- Quarterly Return on Capital Employed fell 108.0% year-over-year to 10.65% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 10.65% (down 108.0% YoY) and the FY2025 annual result came in at 11.48%, down 105.0% from the prior year.
- Return on Capital Employed was 10.65% for Q2 2026 at Delta Air Lines, down from 11.47% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 13.99% in Q1 2024 and bottomed at 5.1% in Q1 2022.
- A 5-year average of 10.6% and a median of 11.6% in 2025 frame the typical range for Return on Capital Employed.
- Annual changes were most pronounced in 2022 — Return on Capital Employed surged 3105 bps — and 2025, when it plunged 163 bps.
- Delta Air Lines' Return on Capital Employed stood at 7.87% in 2022, then surged by 49 bps to 11.74% in 2023, then grew by 5 bps to 12.31% in 2024, then decreased by 11 bps to 11.02% in 2025, then decreased by 3 bps to 10.65% in 2026.
- Business Quant data shows DAL's Return on Capital Employed at 10.65% in Q2 2026, 11.47% in Q1 2026, and 11.02% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Latam Airlines | 30,425.67 Bn | 30,423.00 Bn | 1.28 Mn | 6,481.60% |
| 2 | Ryanair Holdings | 61.42 Bn | 58.23 Bn | - | 18.34% |
| 3 | Delta Air Lines | 56.43 Bn | 51.76 Bn | 19.07 Bn | 10.65% |
| 4 | Southwest Airlines | 22.16 Bn | 18.37 Bn | 7.33 Bn | 6.32% |
| 5 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.96 Bn | 8.14 Bn | - | -6.79% |
| 6 | Copa Holdings | 5.70 Bn | 4.36 Bn | 713.71 Mn | 16.15% |
| 7 | Alaska Air | 5.42 Bn | 3.65 Bn | 3.20 Bn | 1.66% |
| 8 | Skywest | 4.24 Bn | 3.64 Bn | 1.01 Bn | 10.54% |
| 9 | Jetblue Airways | 2.03 Bn | 1.62 Bn | 1.87 Bn | -3.55% |
| 10 | Allegiant Travel | 1.83 Bn | 924.91 Mn | 651.87 Mn | 1.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 10.65% |
| Mar 31, 2026 | 11.47% |
| Dec 31, 2025 | 11.02% |
| Sep 30, 2025 | 11.96% |
| Jun 30, 2025 | 11.73% |
| Mar 31, 2025 | 12.75% |
| Dec 31, 2024 | 12.31% |
| Sep 30, 2024 | 11.87% |
| Jun 30, 2024 | 13.36% |
| Mar 31, 2024 | 13.99% |
| Dec 31, 2023 | 11.74% |
| Sep 30, 2023 | 12.37% |
| Jun 30, 2023 | 11.46% |
| Mar 31, 2023 | 9.41% |
| Dec 31, 2022 | 7.87% |
| Sep 30, 2022 | 5.13% |
| Jun 30, 2022 | 6.68% |
| Mar 31, 2022 | 5.10% |
| Dec 31, 2021 | 3.65% |
| Sep 30, 2021 | 1.44% |