Delta Operating Income vs Net Income Analysis

DAL Stock

USD 59.66 1.15 1.89%

Delta Air financial indicator trend analysis is much more than just examining Delta Air Lines latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Delta Air Lines is a good investment. Please check the relationship between Delta Air Operating Income and its Net Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Delta Air Lines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Operating Income vs Net Income

Operating Income vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Delta Air Lines Operating Income account and Net Income. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Delta Air's Operating Income and Net Income is 0.87. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Net Income in the same time period over historical financial statements of Delta Air Lines, assuming nothing else is changed. The correlation between historical values of Delta Air's Operating Income and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Delta Air Lines are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Operating Income i.e., Delta Air's Operating Income and Net Income go up and down completely randomly.

Correlation Coefficient

0.87

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Operating Income

Operating Income is the amount of profit realized from Delta Air Lines operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Delta Air Lines is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Delta Air Lines financial statement analysis. It represents the amount of money remaining after all of Delta Air Lines operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Delta Air's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Delta Air Lines current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Delta Air Lines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Selling General Administrative is expected to rise to about 3.1 B this year, although the value of Tax Provision will most likely fall to about 731.5 M.

	2021	2022	2023	2024 (projected)
Interest Expense	1.3B	1.0B	834M	1.0B
Depreciation And Amortization	2.0B	2.1B	2.3B	1.2B

Interest Expense Depreciation And Amortization

Delta Air fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Good Will	Short Term Investments
Total Assets		0.75	0.67	0.92	0.36	0.94	0.82	0.25	0.56	0.98	-0.16	0.54	0.75	0.33	0.71	0.79	0.61	0.41	0.95	0.82	0.69	0.15	0.77	0.74	0.66	0.44
Short Long Term Debt Total	0.75		0.17	0.63	-0.24	0.73	0.95	-0.28	0.74	0.72	0.2	0.75	0.35	0.02	0.8	0.37	0.64	0.18	0.88	0.65	0.59	0.48	0.57	0.52	0.34	0.68
Other Current Liab	0.67	0.17		0.7	0.62	0.66	0.42	0.6	0.16	0.64	-0.79	0.16	0.72	0.07	0.24	0.79	0.06	0.05	0.5	0.61	0.53	-0.56	0.39	0.68	0.33	0.14
Total Current Liabilities	0.92	0.63	0.7		0.46	0.95	0.73	0.32	0.26	0.95	-0.15	0.25	0.89	0.24	0.47	0.85	0.7	0.31	0.83	0.9	0.46	0.2	0.62	0.77	0.56	0.19
Total Stockholder Equity	0.36	-0.24	0.62	0.46		0.42	-0.07	0.94	-0.29	0.43	-0.39	-0.35	0.55	0.11	-0.25	0.58	0.04	0.05	0.04	0.39	-0.03	-0.31	0.14	0.34	0.25	-0.42
Property Plant And Equipment Net	0.94	0.73	0.66	0.95	0.42		0.84	0.34	0.4	0.97	-0.18	0.37	0.79	0.11	0.56	0.83	0.66	0.22	0.87	0.92	0.49	0.18	0.62	0.75	0.5	0.27
Net Debt	0.82	0.95	0.42	0.73	-0.07	0.84		-0.1	0.66	0.78	-0.09	0.68	0.49	-0.08	0.74	0.54	0.58	0.07	0.9	0.77	0.62	0.25	0.54	0.65	0.29	0.64
Retained Earnings	0.25	-0.28	0.6	0.32	0.94	0.34	-0.1		-0.25	0.3	-0.49	-0.3	0.42	-0.11	-0.29	0.44	-0.18	-0.18	-0.06	0.3	-0.05	-0.44	0.03	0.29	0.07	-0.35
Cash	0.56	0.74	0.16	0.26	-0.29	0.4	0.66	-0.25		0.45	-0.01	0.98	0.02	0.16	0.87	0.14	0.13	0.25	0.7	0.22	0.82	0.08	0.61	0.38	0.37	0.85
Non Current Assets Total	0.98	0.72	0.64	0.95	0.43	0.97	0.78	0.3	0.45		-0.09	0.42	0.78	0.32	0.63	0.81	0.68	0.41	0.91	0.86	0.56	0.23	0.73	0.72	0.66	0.3
Non Currrent Assets Other	-0.16	0.2	-0.79	-0.15	-0.39	-0.18	-0.09	-0.49	-0.01	-0.09		-0.04	-0.22	0.26	0.07	-0.39	0.44	0.3	-0.03	-0.18	-0.32	0.92	0.06	-0.32	0.13	-0.08
Cash And Short Term Investments	0.54	0.75	0.16	0.25	-0.35	0.37	0.68	-0.3	0.98	0.42	-0.04		0.01	0.13	0.88	0.11	0.12	0.21	0.7	0.19	0.85	0.06	0.6	0.4	0.34	0.94
Net Receivables	0.75	0.35	0.72	0.89	0.55	0.79	0.49	0.42	0.02	0.78	-0.22	0.01		0.25	0.26	0.79	0.49	0.28	0.62	0.74	0.36	0.06	0.48	0.68	0.49	-0.04
Common Stock Shares Outstanding	0.33	0.02	0.07	0.24	0.11	0.11	-0.08	-0.11	0.16	0.32	0.26	0.13	0.25		0.44	0.28	0.3	0.96	0.32	-0.07	0.36	0.21	0.7	0.2	0.88	0.02
Non Current Liabilities Total	0.71	0.8	0.24	0.47	-0.25	0.56	0.74	-0.29	0.87	0.63	0.07	0.88	0.26	0.44		0.34	0.38	0.55	0.85	0.34	0.86	0.22	0.86	0.57	0.68	0.78
Inventory	0.79	0.37	0.79	0.85	0.58	0.83	0.54	0.44	0.14	0.81	-0.39	0.11	0.79	0.28	0.34		0.55	0.37	0.64	0.73	0.41	-0.12	0.56	0.77	0.55	0.02
Other Current Assets	0.61	0.64	0.06	0.7	0.04	0.66	0.58	-0.18	0.13	0.68	0.44	0.12	0.49	0.3	0.38	0.55		0.44	0.64	0.67	0.09	0.72	0.47	0.4	0.47	0.08
Other Stockholder Equity	0.41	0.18	0.05	0.31	0.05	0.22	0.07	-0.18	0.25	0.41	0.3	0.21	0.28	0.96	0.55	0.37	0.44		0.42	0.03	0.4	0.29	0.76	0.29	0.91	0.07
Total Liab	0.95	0.88	0.5	0.83	0.04	0.87	0.9	-0.06	0.7	0.91	-0.03	0.7	0.62	0.32	0.85	0.64	0.64	0.42		0.74	0.75	0.27	0.77	0.67	0.62	0.61
Property Plant And Equipment Gross	0.82	0.65	0.61	0.9	0.39	0.92	0.77	0.3	0.22	0.86	-0.18	0.19	0.74	-0.07	0.34	0.73	0.67	0.03	0.74		0.28	0.2	0.38	0.58	0.3	0.13
Total Current Assets	0.69	0.59	0.53	0.46	-0.03	0.49	0.62	-0.05	0.82	0.56	-0.32	0.85	0.36	0.36	0.86	0.41	0.09	0.4	0.75	0.28		-0.19	0.76	0.64	0.58	0.8
Short Term Debt	0.15	0.48	-0.56	0.2	-0.31	0.18	0.25	-0.44	0.08	0.23	0.92	0.06	0.06	0.21	0.22	-0.12	0.72	0.29	0.27	0.2	-0.19		0.19	-0.07	0.22	0.03
Intangible Assets	0.77	0.57	0.39	0.62	0.14	0.62	0.54	0.03	0.61	0.73	0.06	0.6	0.48	0.7	0.86	0.56	0.47	0.76	0.77	0.38	0.76	0.19		0.74	0.93	0.47
Accounts Payable	0.74	0.52	0.68	0.77	0.34	0.75	0.65	0.29	0.38	0.72	-0.32	0.4	0.68	0.2	0.57	0.77	0.4	0.29	0.67	0.58	0.64	-0.07	0.74		0.58	0.36
Good Will	0.66	0.34	0.33	0.56	0.25	0.5	0.29	0.07	0.37	0.66	0.13	0.34	0.49	0.88	0.68	0.55	0.47	0.91	0.62	0.3	0.58	0.22	0.93	0.58		0.2
Short Term Investments	0.44	0.68	0.14	0.19	-0.42	0.27	0.64	-0.35	0.85	0.3	-0.08	0.94	-0.04	0.02	0.78	0.02	0.08	0.07	0.61	0.13	0.8	0.03	0.47	0.36	0.2

Click cells to compare fundamentals

Delta Air Account Relationship Matchups

Delta Air fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	64.5B	72.1B	72.5B	72.3B	73.6B	77.3B
Short Long Term Debt Total	17.3B	35.5B	34.6B	30.6B	27.3B	28.6B
Other Current Liab	10.6B	8.2B	11.5B	13.6B	13.6B	14.2B
Total Current Liabilities	20.2B	15.9B	21.0B	25.9B	26.4B	27.7B
Total Stockholder Equity	15.4B	1.4B	3.6B	6.5B	11.1B	11.7B
Property Plant And Equipment Net	36.9B	32.3B	35.9B	40.1B	42.5B	44.6B
Net Debt	14.4B	27.2B	26.7B	27.3B	24.5B	25.8B
Retained Earnings	12.5B	(428M)	(148M)	1.2B	5.7B	5.9B
Cash	2.9B	8.3B	7.9B	3.3B	2.7B	2.3B
Non Current Assets Total	56.3B	54.6B	56.5B	59.3B	63.4B	66.5B
Non Currrent Assets Other	4.4B	2.9B	1.8B	907M	784M	744.8M
Cash And Short Term Investments	2.9B	14.1B	11.3B	6.5B	3.9B	3.1B
Net Receivables	2.9B	1.4B	2.4B	3.2B	3.1B	3.3B
Common Stock Shares Outstanding	694M	653M	636M	641M	643M	416.1M
Liabilities And Stockholders Equity	64.5B	72.1B	72.5B	72.3B	73.6B	77.3B
Non Current Liabilities Total	28.9B	54.8B	47.9B	39.9B	36.1B	20.9B
Inventory	1.3B	732M	1.1B	1.4B	1.3B	1.4B
Other Current Assets	1.3B	1.2B	1.1B	1.9B	2.0B	2.1B
Other Stockholder Equity	11.0B	11B	11.2B	11.2B	11.3B	7.7B
Total Liab	49.1B	70.7B	68.8B	65.8B	62.5B	65.7B
Property Plant And Equipment Gross	36.9B	32.3B	35.9B	40.1B	64.2B	67.4B
Total Current Assets	8.2B	17.4B	15.9B	13.0B	10.3B	6.2B
Accumulated Other Comprehensive Income	(8.0B)	(9.0B)	(7.1B)	(5.8B)	(5.8B)	(6.1B)
Intangible Assets	5.2B	6.0B	6.0B	6.0B	6.0B	3.1B
Accounts Payable	3.3B	2.8B	4.2B	5.1B	4.4B	2.4B
Short Term Investments	12M	5.8B	3.4B	3.3B	1.1B	953.5M
Common Stock	15.4B	1.4B	3.6B	652K	749.8K	712.3K
Other Liab	14.8B	21.6B	15.7B	12.2B	14.1B	15.8B
Other Assets	4.3B	5.0B	3.1B	1.2B	1.4B	2.6B
Long Term Debt	8.9B	27.4B	25.1B	20.7B	17.1B	12.9B
Treasury Stock	(198M)	(236M)	(259M)	(282M)	(360.0M)	(377.9M)
Property Plant Equipment	35.9B	32.3B	35.9B	40.1B	46.2B	24.5B
Current Deferred Revenue	3.2B	1.8B	2.7B	3.4B	3.9B	2.3B
Net Tangible Assets	414M	(14.2B)	(12.1B)	(9.2B)	(8.2B)	(7.8B)
Retained Earnings Total Equity	12.5B	(428M)	(148M)	1.2B	1.3B	2.5B
Long Term Debt Total	8.9B	27.4B	25.1B	20.7B	23.8B	13.9B
Capital Surpluse	11.1B	11.3B	11.4B	11.5B	10.4B	9.9B

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When determining whether Delta Air Lines is a strong investment it is important to analyze Delta Air's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Delta Air's future performance. For an informed investment choice regarding Delta Stock, refer to the following important reports:

How To Invest In Delta

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Is Delta Stock a good investment?

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What is Delta Air's Net Worth?

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Delta Air Lines. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Is Passenger Airlines space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Delta Air. If investors know Delta will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Delta Air listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.145

Dividend Share

0.5

Earnings Share

7.21

Revenue Per Share

94.267

Quarterly Revenue Growth

0.012

The market value of Delta Air Lines is measured differently than its book value, which is the value of Delta that is recorded on the company's balance sheet. Investors also form their own opinion of Delta Air's value that differs from its market value or its book value, called intrinsic value, which is Delta Air's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Delta Air's market value can be influenced by many factors that don't directly affect Delta Air's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Delta Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Delta Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Delta Air's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Delta Operating Income vs Net Income Analysis

Operating Income vs Net Income

Operating Income vs Net Income Correlation Analysis

Correlation Coefficient

Operating Income

Net Income

Delta Air fundamental ratios Correlations

Delta Air Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Delta Air fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 0.98	Total Assets
Cash And Short Term Investments	+ 0.98	Cash
Non Current Assets Total	+ 0.97	Property Plant And Equipment Net
Other Stockholder Equity	+ 0.96	Common Stock Shares Outstanding
Total Liab	+ 0.95	Total Assets
Net Debt	+ 0.95	Short Long Term Debt Total

Non Currrent Assets Other	- 0.79	Other Current Liab
Short Term Debt	- 0.56	Other Current Liab
Non Currrent Assets Other	- 0.49	Retained Earnings
Short Term Debt	- 0.44	Retained Earnings
Short Term Investments	- 0.42	Total Stockholder Equity
Inventory	- 0.39	Non Currrent Assets Other