Delta Air Lines (DAL) Return on Capital Employed (2010 - 2026)
Delta Air Lines (DAL) reported Return on Capital Employed of 11.47% for Q1 2026, down 128.0% on a YoY basis from 40.96% in Q1 2025, and up 4.09% quarter-over-quarter from 11.02% in Q4 2025.
Delta Air Lines (DAL) Return on Capital Employed (2010 - 2026) Analysis & Trends
Delta Air Lines has reported Return on Capital Employed for 17 years, with the latest figure at 11.47% in Q1 2026.
- For the quarter ending Q1 2026, Return on Capital Employed fell 128.0% year-over-year to 11.47%; the trailing twelve-month figure through Mar 2026 stood at 11.47% (down 128.0% YoY), and the FY2025 full-year result was 11.48%, down 105.0% from the prior year.
- Return on Capital Employed for Q1 2026 stood at 11.47%, up from 11.02% in the prior quarter.
- The five-year high for Return on Capital Employed was 13.99% in Q1 2024, with the low at 5.1% in Q1 2022.
- Historically, Return on Capital Employed has averaged 10.6% across 5 years, with a median of 11.73% in 2025.
- Annual changes were most pronounced in 2022 — Return on Capital Employed surged 3105 bps — and 2025, when it sank 163 bps.
- Delta Air Lines' Return on Capital Employed stood at 7.87% in 2022, then soared by 49 bps to 11.74% in 2023, then advanced by 5 bps to 12.31% in 2024, then fell by 11 bps to 11.02% in 2025, then grew by 4 bps to 11.47% in 2026.
- The last three Return on Capital Employed figures came in at 11.47% (Q1 2026), 11.02% (Q4 2025), and 11.96% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryanair Holdings | 453.97 Bn | 448.50 Bn | 1.55 Bn | 25.23% |
| 2 | Delta Air Lines | 54.89 Bn | 49.84 Bn | 15.19 Bn | 11.47% |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 47.52 Bn | 46.49 Bn | -239.00 Mn | 7,568,387.53% |
| 4 | Southwest Airlines | 23.88 Bn | 20.55 Bn | 6.21 Bn | 5.87% |
| 5 | Copa Holdings | 6.22 Bn | 4.88 Bn | 713.71 Mn | 16.15% |
| 6 | Alaska Air | 5.64 Bn | 3.87 Bn | 3.20 Bn | 1.66% |
| 7 | Skywest | 3.71 Bn | 3.08 Bn | 924.11 Mn | 10.50% |
| 8 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 2.23 Bn | 2.23 Bn | - | 3.51% |
| 9 | Jetblue Airways | 2.11 Bn | -62.86 Mn | 1.87 Bn | -3.55% |
| 10 | Allegiant Travel | 1.82 Bn | 921.81 Mn | 651.87 Mn | 1.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | -15.46% |