DAL vs LTM
Delta AIR Lines, Inc. and Latam Airlines Group S.a., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | DAL | LTM |
|---|---|---|
| Revenue | $63.4B | $14.3B |
| Net income | $5.0B | $1.5B |
| Gross margin | · | 29.2% |
| Net margin | 7.9% | 10.3% |
| Return on equity | 27.7% | 141.1% |
| Diluted EPS | $7.66 | $0.00 |
| Dividend / share | $0.68 | · |
| Payout ratio | 8.8% | 41.5% |
| Free cash flow | $3.8B | $2.0B |
| Equity | $20.9B | $1.3B |
| Net debt / equity | 0.43× | 4.41× |
| Current ratio | 0.40× | 0.60× |
| Revenue CAGR 5y | 30.0% | 29.5% |
| Profit CAGR 5y | · | · |
DAL bills 4.4× the revenue of LTM, and LTM keeps more of each dollar of revenue as profit (10.3% against 7.9%).
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 | LTM |
|---|---|---|
| FY2025 | $63.4B | $14.3B |
| FY2024 | $61.6B | $12.8B |
| FY2023 | $58.0B | $11.6B |
| FY2022 | $50.6B | $9.4B |
| FY2021 | $29.9B | $4.9B |
| FY2020 | $17.1B | $3.9B |
| FY2019 | $47.0B | $10.1B |
| FY2018 | $44.4B | $9.9B |
| FY2017 | $41.1B | $9.6B |
| FY2016 | $39.5B | $9.0B |
Bottom line
| Fiscal year | DAL | LTM |
|---|---|---|
| FY2025 | $5.0B | $1.5B |
| FY2024 | $3.5B | $977.0M |
| FY2023 | $4.6B | $581.8M |
| FY2022 | $1.3B | $1.3B |
| FY2021 | $280.0M | $-4.6B |
| FY2020 | $-12.4B | $-4.5B |
| FY2019 | $4.8B | $190.4M |
| FY2018 | $3.9B | $309.8M |
| FY2017 | $3.2B | $108.9M |
| FY2016 | $4.2B | $69.2M |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$49,098,944,000 | DAL |
| FY2024 | +$48,809,957,000 | DAL |
| FY2023 | +$46,407,459,000 | DAL |
| FY2022 | +$41,219,479,000 | DAL |
| FY2021 | +$25,014,985,000 | DAL |
| FY2020 | +$13,171,333,000 | DAL |
| FY2019 | +$36,936,937,000 | DAL |
| FY2018 | +$34,542,544,000 | DAL |
| FY2017 | +$31,524,093,000 | DAL |
| FY2016 | +$30,461,660,000 | DAL |
| FY2015 | +$30,963,955,000 | DAL |
DAL has reported the higher revenue in every one of these 11 fiscal years. The gap has widened since the earliest year compared.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −2.4 pp | LTM |
| FY2024 | −2.0 pp | LTM |
| FY2023 | +2.9 pp | DAL |
| FY2022 | −11.7 pp | LTM |
| FY2021 | +96.2 pp | DAL |
| FY2020 | +43.7 pp | DAL |
| FY2019 | +8.2 pp | DAL |
| FY2018 | +5.4 pp | DAL |
| FY2017 | +6.2 pp | DAL |
| FY2016 | +9.4 pp | DAL |
| FY2015 | +13.0 pp | DAL |
The higher net margin has changed hands between DAL and LTM over this period.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LTM's net margin has been more volatile than DAL's over the 11 comparable fiscal years — 43.1 percentage points of standard deviation against 23.1.
11 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 DAL and LTM over these 11 fiscal years — DAL led in 8 and LTM in 3.
11 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
LTM's return on equity has been more volatile than DAL's over the 8 comparable fiscal years — 90.2 percentage points of standard deviation against 9.0.
8 of 15 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 LTM over these 8 fiscal years — DAL led in 5 and LTM in 3.
8 of 15 comparable fiscal years — a year missing data on either side is not counted.