United Airlines [UAL] vs Delta Air Lines [DAL] Detailed Stock Comparison

United Airlines Holdings Inc.

NASDAQ
Loading...

Delta Air Lines Inc.

NYSE
Loading...

TLDR: Quick Comparison Summary

Based on 21 vital metrics comparison: United Airlines Holdings Inc. wins in 7 metrics, Delta Air Lines Inc. wins in 13 metrics, with 0 ties. Delta Air Lines Inc. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric United Airlines Holdings Inc. Delta Air Lines Inc. Better
P/E Ratio (TTM) 9.52 8.26 Delta Air Lines Inc.
Price-to-Book Ratio 2.06 2.02 Delta Air Lines Inc.
Debt-to-Equity Ratio 203.09 117.30 Delta Air Lines Inc.
PEG Ratio 1.28 0.82 Delta Air Lines Inc.
EV/EBITDA 6.48 7.02 United Airlines Holdings Inc.
Profit Margin (TTM) 5.68% 7.36% Delta Air Lines Inc.
Operating Margin (TTM) 9.14% 9.92% Delta Air Lines Inc.
EBITDA Margin (TTM) 9.14% 9.92% Delta Air Lines Inc.
Return on Equity 23.99% 28.51% Delta Air Lines Inc.
Return on Assets (TTM) 4.23% 4.75% Delta Air Lines Inc.
Free Cash Flow (TTM) $2.56B $2.89B Delta Air Lines Inc.
Dividend Yield N/A 1.10% N/A
1-Year Return 56.11% 76.57% Delta Air Lines Inc.
Price-to-Sales Ratio (TTM) 0.53 0.61 United Airlines Holdings Inc.
Enterprise Value $50.21B $56.28B Delta Air Lines Inc.
EV/Revenue Ratio 0.85 0.89 United Airlines Holdings Inc.
Gross Profit Margin (TTM) 29.27% 26.78% United Airlines Holdings Inc.
Revenue per Share (TTM) $182 $97 United Airlines Holdings Inc.
Earnings per Share (Diluted) $10.20 $7.09 United Airlines Holdings Inc.
Beta (Stock Volatility) 1.29 1.39 United Airlines Holdings Inc.
Short % of Float 4.74% 2.97% Delta Air Lines Inc.

United Airlines Holdings Inc. vs Delta Air Lines Inc. Stock Performance Analysis

Loading Price Chart...

UAL
DAL

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
United Airlines Holdings Inc.3.85%13.91%29.21%32.89%11.39%6.16%
Delta Air Lines Inc.1.22%7.49%19.71%38.18%17.96%21.73%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
United Airlines Holdings Inc.56.11%115.93%110.34%171.05%380.53%266.96%
Delta Air Lines Inc.76.57%94.11%84.74%118.52%767.01%297.23%

Performance & Financial Health Analysis: United Airlines Holdings Inc. vs Delta Air Lines Inc.

MetricUALDAL
Market Information
Market Cap i$31.53B$38.24B
Market Cap CategoryLarge capLarge cap
10 Day Avg. Volume i8,672,8437,347,420
90 Day Avg. Volume i8,538,1587,976,183
Last Close$119.97$84.07
52 Week Range$71.55 - $124.79$45.28 - $87.38
% from 52W High-3.86%-3.79%
All-Time High$124.79 (Jun 15, 2026)$87.38 (Jun 15, 2026)
% from All-Time High-3.86%-3.79%
Growth Metrics
Quarterly Revenue Growth0.05%0.06%
Quarterly Earnings Growth0.06%0.11%
Financial Health
Profit Margin (TTM) i0.06%0.07%
Operating Margin (TTM) i0.09%0.10%
Return on Equity (TTM) i0.24%0.29%
Debt to Equity (MRQ) i203.09117.30
Cash & Liquidity
Book Value per Share (MRQ)$47.24$29.02
Cash per Share (MRQ)$37.84$5.85
Operating Cash Flow (TTM) i$8.43B$7.98B
Levered Free Cash Flow (TTM) i$1.10B$2.06B
Dividends
Last 12-Month Dividend Yield iN/A1.10%
Last 12-Month Dividend i$0.00$0.72

Valuation & Enterprise Metrics Analysis: United Airlines Holdings Inc. vs Delta Air Lines Inc.

MetricUAL (Apr 22, 2026)DAL (Nov 23, 2025)
Price Ratios
P/E Ratio (TTM) i9.528.26
Forward P/E i6.788.34
PEG Ratio i1.280.82
Price to Sales (TTM) i0.530.61
Price to Book (MRQ) i2.062.02
Market Capitalization
Market Capitalization i$31.53B$38.24B
Enterprise Value i$50.21B$56.28B
Enterprise Value Metrics
Enterprise to Revenue i0.850.89
Enterprise to EBITDA i6.487.02
Risk & Other Metrics
Beta i1.291.39
Book Value per Share (MRQ) i$47.24$29.02

Financial Statements Comparison: United Airlines Holdings Inc. vs Delta Air Lines Inc.

Financial Metrics

Loading Financial Charts...

Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricUAL (2025)DAL (2024)
Revenue/Sales i59.07B61.64B
Cost of Goods Sold i42.07B45.09B
COGS % of Revenue i71.2%73.1%
Gross Profit i17.00B16.56B
Gross Margin i28.8%26.9%
Research & Development iN/AN/A
Operating Income (EBIT) i4.97B6.00B
Operating Margin i8.4%9.7%
EBITDA i8.67B8.28B
EBITDA Margin i14.7%13.4%
Pre-Tax Income i4.31B4.66B
Pre-Tax Income % of Revenue i7.3%7.6%
Income Tax i953.00M1.20B
Income Tax % of Revenue i1.6%1.9%
Net Income (Profit) i3.35B3.46B
Profit Margin i5.7%5.6%

Balance Sheet & Liquidity Metrics

MetricUAL (2025)DAL (2024)
Cash & Equivalents i5.94B3.07B
Total Current Assets i16.86B9.84B
Total Current Assets % of Revenue i28.5%16.0%
Total Current Liabilities i26.13B26.67B
Total Current Liabilities % of Revenue i44.2%43.3%
Long-Term Debt i25.98B19.83B
Long-Term Debt % of Revenue i44.0%32.2%
Total Shareholders Equity i15.28B15.29B
Retained Earnings i10.09B8.78B
Retained Earnings % of Revenue i17.1%14.2%
Property, Plant & Equipment i18.16B17.34B

Cash Flow Statement Comparison

MetricUAL (2025)DAL (2024)
Operating Cash Flow i8.70B7.63B
Operating Cash Flow % of Revenue i14.7%12.4%
Capital Expenditures i98.00M-5.14B
Free Cash Flow i2.56B2.89B
FCF Margin i4.3%4.7%
Debt Repayment i-4.77B-3.95B
Common Stock Repurchase i-637.00MN/A

Short Interest & Institutional Ownership Analysis

MetricUALDAL
Shares Short i15.26M17.19M
Short Ratio i1.831.82
Short % of Float i4.74%2.97%
Shares Outstanding i323.47M652.96M
Float Shares i320.60M645.23M
% Held by Insiders i0.63%0.33%
% Held by Institutions i90.48%82.89%
% Held by Public i8.89%16.78%

Dividend Analysis & Yield Comparison: United Airlines Holdings Inc. vs Delta Air Lines Inc.

MetricUALDAL
Last 12-Month Dividend i$0.00$0.72
Last 12-Month Dividend Yield iN/A1.10%
3-Year Avg Annual Dividend i$0.00$0.52
3-Year Avg Dividend Yield iN/A0.28%
3-Year Total Dividends i$0.00$1.57
Ex-Dividend DateN/AFeb 26, 2026