DAL vs FDX
Delta AIR Lines, Inc. and FedEx Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | DAL | FDX |
|---|---|---|
| Revenue | $63.4B | $94.7B |
| Net income | $5.0B | $4.4B |
| Gross margin | · | · |
| Net margin | 7.9% | 4.7% |
| Return on equity | 27.7% | 14.8% |
| Diluted EPS | $7.66 | $18.55 |
| Dividend / share | $0.68 | $5.80 |
| Payout ratio | 8.8% | 31.0% |
| Free cash flow | $3.8B | $5.1B |
| Equity | $20.9B | $31.6B |
| Net debt / equity | 0.43× | 0.34× |
| Current ratio | 0.40× | 1.48× |
| Revenue CAGR 5y | 30.0% | 2.4% |
| Profit CAGR 5y | · | −3.3% |
FDX bills 1.5× the revenue of DAL, and DAL keeps more of each dollar of revenue as profit (7.9% against 4.7%).
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 | DAL | FDX |
|---|---|---|
| FY2025 | $63.4B | $94.7B |
| FY2024 | $61.6B | $87.9B |
| FY2023 | $58.0B | $87.7B |
| FY2022 | $50.6B | $90.2B |
| FY2021 | $29.9B | $93.5B |
| FY2020 | $17.1B | $84.0B |
| FY2019 | $47.0B | $69.2B |
| FY2018 | $44.4B | $69.7B |
| FY2017 | $41.1B | $65.5B |
| FY2016 | $39.5B | $60.3B |
Bottom line
| Fiscal year | DAL | FDX |
|---|---|---|
| FY2025 | $5.0B | $4.4B |
| FY2024 | $3.5B | $4.1B |
| FY2023 | $4.6B | $4.3B |
| FY2022 | $1.3B | $4.0B |
| FY2021 | $280.0M | $3.8B |
| FY2020 | $-12.4B | $5.2B |
| FY2019 | $4.8B | $1.3B |
| FY2018 | $3.9B | $540.0M |
| FY2017 | $3.2B | $4.6B |
| FY2016 | $4.2B | $3.0B |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$31,356,000,000 | FDX |
| FY2024 | −$26,283,000,000 | FDX |
| FY2023 | −$29,645,000,000 | FDX |
| FY2022 | −$39,573,000,000 | FDX |
| FY2021 | −$63,613,000,000 | FDX |
| FY2020 | −$66,864,000,000 | FDX |
| FY2019 | −$22,210,000,000 | FDX |
| FY2018 | −$25,255,000,000 | FDX |
| FY2017 | −$24,312,000,000 | FDX |
| FY2016 | −$20,869,000,000 | FDX |
| FY2015 | −$9,661,000,000 | FDX |
| FY2014 | −$7,091,000,000 | FDX |
| FY2013 | −$7,794,000,000 | FDX |
| FY2012 | −$7,617,000,000 | FDX |
| FY2011 | −$7,565,000,000 | FDX |
| FY2010 | −$7,549,000,000 | FDX |
| FY2009 | −$6,671,000,000 | FDX |
| FY2008 | −$12,800,000,000 | FDX |
FDX has reported the higher revenue in every one of these 18 fiscal years. The gap has widened since the earliest year compared.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +3.2 pp | DAL |
| FY2024 | +1.0 pp | DAL |
| FY2023 | +3.0 pp | DAL |
| FY2022 | −1.8 pp | FDX |
| FY2021 | −3.2 pp | FDX |
| FY2020 | −78.7 pp | FDX |
| FY2019 | +8.3 pp | DAL |
| FY2018 | +8.1 pp | DAL |
| FY2017 | +0.8 pp | DAL |
| FY2016 | +5.7 pp | DAL |
| FY2015 | +7.5 pp | DAL |
| FY2014 | −0.6 pp | FDX |
| FY2013 | +22.8 pp | DAL |
| FY2012 | −3.4 pp | FDX |
| FY2011 | −2.3 pp | FDX |
| FY2010 | −1.8 pp | FDX |
| FY2009 | −7.8 pp | FDX |
| FY2008 | −39.6 pp | FDX |
The higher net margin has changed hands between DAL and FDX over this period.
18 of 19 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 FDX's over the 18 comparable fiscal years — 21.4 percentage points of standard deviation against 1.8.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between DAL and FDX over these 18 fiscal years — DAL led in 9 and FDX in 9.
18 of 19 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 FDX's over the 15 comparable fiscal years — 267.4 percentage points of standard deviation against 7.0.
15 of 19 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 DAL and FDX over these 15 fiscal years — DAL led in 10 and FDX in 5.
15 of 19 comparable fiscal years — a year missing data on either side is not counted.