ALK vs DAL
Alaska AIR Group, Inc. and Delta AIR Lines, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | ALK | DAL |
|---|---|---|
| Revenue | $14.2B | $63.4B |
| Net income | $100.0M | $5.0B |
| Gross margin | · | · |
| Net margin | 0.7% | 7.9% |
| Return on equity | 2.4% | 27.7% |
| Diluted EPS | $0.83 | $7.66 |
| Dividend / share | · | $0.68 |
| Payout ratio | · | 8.8% |
| Free cash flow | · | $3.8B |
| Equity | $4.1B | $20.9B |
| Net debt / equity | 1.14× | 0.43× |
| Current ratio | 0.50× | 0.40× |
| Revenue CAGR 5y | 31.9% | 30.0% |
| Profit CAGR 5y | · | · |
DAL bills 4.5× the revenue of ALK, and keeps more of each dollar of revenue as profit (7.9% against 0.7%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | ALK | DAL |
|---|---|---|
| FY2025 | $14.2B | $63.4B |
| FY2024 | $11.7B | $61.6B |
| FY2023 | $10.4B | $58.0B |
| FY2022 | $9.6B | $50.6B |
| FY2021 | $6.2B | $29.9B |
| FY2020 | $3.6B | $17.1B |
| FY2019 | $8.8B | $47.0B |
| FY2018 | $8.3B | $44.4B |
| FY2017 | $7.9B | $41.1B |
| FY2016 | $5.9B | $39.5B |
Bottom line
| Fiscal year | ALK | DAL |
|---|---|---|
| FY2025 | $100.0M | $5.0B |
| FY2024 | $395.0M | $3.5B |
| FY2023 | $235.0M | $4.6B |
| FY2022 | $58.0M | $1.3B |
| FY2021 | $478.0M | $280.0M |
| FY2020 | $-1.3B | $-12.4B |
| FY2019 | $769.0M | $4.8B |
| FY2018 | $437.0M | $3.9B |
| FY2017 | $960.0M | $3.2B |
| FY2016 | $797.0M | $4.2B |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$49,125,000,000 | DAL |
| FY2024 | −$49,908,000,000 | DAL |
| FY2023 | −$47,622,000,000 | DAL |
| FY2022 | −$40,936,000,000 | DAL |
| FY2021 | −$23,723,000,000 | DAL |
| FY2020 | −$13,529,000,000 | DAL |
| FY2019 | −$38,226,000,000 | DAL |
| FY2018 | −$36,174,000,000 | DAL |
| FY2017 | −$33,244,000,000 | DAL |
| FY2016 | −$33,525,000,000 | DAL |
| FY2015 | −$40,704,000,000 | DAL |
| FY2014 | −$40,362,000,000 | DAL |
| FY2013 | −$37,773,000,000 | DAL |
| FY2012 | −$36,670,000,000 | DAL |
| FY2011 | −$35,115,000,000 | DAL |
| FY2010 | −$27,923,000,000 | DAL |
| FY2009 | −$24,663,200,000 | DAL |
| FY2008 | −$19,034,400,000 | DAL |
DAL has reported the higher revenue in every one of these 18 fiscal years. The gap has widened since the earliest year compared.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
13 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −7.2 pp | DAL |
| FY2024 | −2.2 pp | DAL |
| FY2023 | −5.7 pp | DAL |
| FY2022 | −2.0 pp | DAL |
| FY2021 | +6.8 pp | ALK |
| FY2020 | +35.3 pp | ALK |
| FY2019 | −1.4 pp | DAL |
| FY2018 | −3.6 pp | DAL |
| FY2017 | +4.4 pp | ALK |
| FY2016 | +2.8 pp | ALK |
| FY2010 | +4.7 pp | ALK |
| FY2009 | +8.0 pp | ALK |
| FY2008 | +35.6 pp | ALK |
The higher net margin has changed hands between ALK and DAL over this period.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
DAL's net margin has been more volatile than ALK's over the 13 comparable fiscal years — 23.4 percentage points of standard deviation against 12.1.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between ALK and DAL over these 13 fiscal years — ALK led in 7 and DAL in 6.
13 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
DAL's return on equity has been more volatile than ALK's over the 15 comparable fiscal years — 267.4 percentage points of standard deviation against 19.2.
15 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between ALK and DAL over these 15 fiscal years — ALK led in 6 and DAL in 9.
15 of 18 comparable fiscal years — a year missing data on either side is not counted.