Company / Operating Margin
Delta Air Lines Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
9.2%
FY2025
5-year range
-72.9% / 14.1%
FY2021-FY2025
Trend
-5.5%
vs FY2024
Sector context
#148 of 304
Industrials
What the data says
At 9.2%, Delta Air Lines's operating margin ranks #148 of 304 in the Industrials sector. Operating Margin has fluctuated over the past 10 years, ranging from -72.9% in FY2022 to 65.2% in FY2017.
Based on SEC 10-K filings.
9.2% in FY2025 with a 5-year CAGR of -2.7%.
Declined from 9.5% to 9.2% over the past 2 years.
Industrials sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +82.1pp
- 5-Year Change
- -2.7pp
- 10-Year Change
- -
Sector benchmark
#148 of 304 in IndustrialsTop 49% of 304This company 9.2% Sector average -842.8%
▼
+101.1% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 5.5% year-over-year.
- Currently 852.0pp above the Industrials sector average.
- Peak operating margin was recorded in FY2017.
- Lowest operating margin in the period was in FY2022.
Company context
Key Data Points
- Altman Z-Score 1.14 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
- Strong return on equity: 24.6%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 9.2% | -5.5% |
| FY2024 | 9.7% | +2.3% |
| FY2023 | 9.5% | +113.0% |
| FY2022 | -72.9% | -618.0% |
| FY2021 | 14.1% | +18.8% |
| FY2020 | 11.8% | -18.3% |
| FY2019 | 14.5% | -18.2% |
| FY2018 | 17.7% | -72.8% |
| FY2017 | 65.2% | +269.5% |
| FY2016 | 17.6% | +96.1% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026