Company / Working Capital
Delta Air Lines Working Capital History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Working Capital
-$16.7B
FY2025
5-year range
-$16.8B / -$5.0B
FY2021-FY2025
Trend
+1.0%
vs FY2024
Sector context
#344 of 344
Industrials
What the data says
Among 344 Industrials companies, Delta Air Lines is in the bottom 0% for working capital. Working Capital returned to growth in FY2025 after 4 years of decline, reaching -$16.7B.
Based on SEC 10-K filings.
-$16.7B in FY2025.
Declined from -$16.1B to -$16.7B over the past 2 years.
Industrials sector context is included.
Working Capital over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 0% in IndustrialsTop 100% of 344This company -$16.7B Sector average $687.7M
▼
-2521.9% below sector average
Key checks
Key Insights
- In FY2025, working capital increased 1.0% year-over-year.
- Ranks #344 out of 344 companies in the Industrials sector.
- Peak working capital was recorded in FY2020.
- Lowest working capital in the period was in FY2024.
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 | Working CapitalValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -$16.7B | +1.0% |
| FY2024 | -$16.8B | -4.2% |
| FY2023 | -$16.1B | -24.9% |
| FY2022 | -$12.9B | -157.2% |
| FY2021 | -$5.0B | -440.3% |
| FY2020 | $1.5B | +112.4% |
| FY2019 | -$12.0B | +2.3% |
| FY2018 | -$12.2B | -9.7% |
| FY2017 | -$11.2B | -43.2% |
| FY2016 | -$7.8B | +8.1% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026