DAL vs. PONY: A Head-to-Head Stock Comparison

Updated on August 22, 2025

Here’s a clear look at DAL and PONY, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Profile

DAL is a standard domestic listing, while PONY trades as an American Depositary Receipt (ADR), offering U.S. investors access to its foreign-listed shares.

Symbol	DAL	PONY
Company Name	Delta Air Lines, Inc.	Pony AI Inc.
Country	United States	China
GICS Sector	Industrials	Information Technology
GICS Industry	Passenger Airlines	Software
Market Capitalization	38.80 billion USD	5.47 billion USD
Exchange	NYSE	NasdaqGS
Listing Date	May 3, 2007	November 27, 2024
Security Type	Common Stock	ADR

Historical Performance

This chart compares the performance of DAL and PONY by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period. Data is adjusted for dividends and splits.

DAL vs. PONY: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	DAL	PONY
5-Day Price Return	10.80%	3.08%
13-Week Price Return	16.19%	-23.27%
26-Week Price Return	-12.51%	16.76%
52-Week Price Return	52.12%	--
Month-to-Date Return	11.67%	14.58%
Year-to-Date Return	-1.79%	7.32%
10-Day Avg. Volume	7.91M	7.51M
3-Month Avg. Volume	11.14M	12.34M
3-Month Volatility	45.84%	123.46%
Beta	1.55	2.66

Profitability

Return on Equity (TTM)

DAL

29.02%

Passenger Airlines Industry

Max: 49.96%
Q3: 28.15%
Median: 15.41%
Q1: 8.29%
Min: -11.01%

In the upper quartile for the Passenger Airlines industry, DAL’s Return on Equity of 29.02% signals a highly effective use of shareholder capital to drive profitability compared to most of its peers.

PONY

-44.40%

Software Industry

Max: 59.01%
Q3: 21.98%
Median: 7.15%
Q1: -11.12%
Min: -51.24%

PONY has a negative Return on Equity of -44.40%. This indicates the company is generating a loss for its shareholders, which can be a result of unprofitability or negative shareholder equity and is often a sign of financial distress.

DAL vs. PONY: A comparison of their Return on Equity (TTM) against their respective Passenger Airlines and Software industry benchmarks.

Net Profit Margin (TTM)

DAL

7.24%

Passenger Airlines Industry

Max: 17.65%
Q3: 8.90%
Median: 5.80%
Q1: 2.02%
Min: -3.12%

DAL’s Net Profit Margin of 7.24% is aligned with the median group of its peers in the Passenger Airlines industry. This indicates its ability to convert revenue into profit is typical for the sector.

PONY

-496.43%

Software Industry

Max: 48.14%
Q3: 18.23%
Median: 5.60%
Q1: -9.22%
Min: -49.36%

PONY has a negative Net Profit Margin of -496.43%, indicating the company is operating at a net loss as its expenses exceeded its revenues.

DAL vs. PONY: A comparison of their Net Profit Margin (TTM) against their respective Passenger Airlines and Software industry benchmarks.

Operating Profit Margin (TTM)

DAL

9.30%

Passenger Airlines Industry

Max: 22.47%
Q3: 12.33%
Median: 8.62%
Q1: 4.43%
Min: -2.88%

DAL’s Operating Profit Margin of 9.30% is around the midpoint for the Passenger Airlines industry, indicating that its efficiency in managing core business operations is typical for the sector.

PONY

-556.87%

Software Industry

Max: 57.34%
Q3: 20.60%
Median: 7.84%
Q1: -8.72%
Min: -51.37%

PONY has a negative Operating Profit Margin of -556.87%. This signifies the company is unprofitable at the operational level, as its core business expenses exceed its revenue.

DAL vs. PONY: A comparison of their Operating Profit Margin (TTM) against their respective Passenger Airlines and Software industry benchmarks.

Profitability at a Glance

Symbol	DAL	PONY
Return on Equity (TTM)	29.02%	-44.40%
Return on Assets (TTM)	5.85%	-40.68%
Net Profit Margin (TTM)	7.24%	-496.43%
Operating Profit Margin (TTM)	9.30%	-556.87%
Gross Profit Margin (TTM)	50.92%	21.97%

Financial Strength

Current Ratio (MRQ)

DAL

0.38

Passenger Airlines Industry

Max: 1.46
Q3: 0.94
Median: 0.76
Q1: 0.54
Min: 0.17

DAL’s Current Ratio of 0.38 falls into the lower quartile for the Passenger Airlines industry. This indicates a tighter liquidity situation and a more constrained capacity to handle short-term debt than many of its competitors.

PONY

15.86

Software Industry

Max: 3.83
Q3: 2.31
Median: 1.45
Q1: 1.03
Min: 0.24

PONY’s Current Ratio of 15.86 is exceptionally high, placing it well outside the typical range for the Software industry. This indicates a very strong liquidity position, though such a high ratio may also suggest that the company is not using its assets efficiently to generate profits.

DAL vs. PONY: A comparison of their Current Ratio (MRQ) against their respective Passenger Airlines and Software industry benchmarks.

Debt-to-Equity Ratio (MRQ)

DAL

0.86

Passenger Airlines Industry

Max: 9.80
Q3: 4.82
Median: 1.30
Q1: 0.89
Min: 0.00

Falling into the lower quartile for the Passenger Airlines industry, DAL’s Debt-to-Equity Ratio of 0.86 points to a conservative financing strategy. This results in lower financial risk but potentially limits strategic investments compared to more leveraged competitors.

PONY

0.00

Software Industry

Max: 2.14
Q3: 0.90
Median: 0.29
Q1: 0.00
Min: 0.00

PONY’s Debt-to-Equity Ratio of 0.00 is typical for the Software industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

DAL vs. PONY: A comparison of their Debt-to-Equity Ratio (MRQ) against their respective Passenger Airlines and Software industry benchmarks.

Interest Coverage Ratio (TTM)

DAL

5.37

Passenger Airlines Industry

Max: 22.60
Q3: 16.29
Median: 6.75
Q1: 1.94
Min: -8.55

DAL’s Interest Coverage Ratio of 5.37 is positioned comfortably within the norm for the Passenger Airlines industry, indicating a standard and healthy capacity to cover its interest payments.

PONY

Software Industry

Max: 67.02
Q3: 19.86
Median: 0.70
Q1: -12.50
Min: -53.00

Interest Coverage Ratio data for PONY is currently unavailable.

DAL vs. PONY: A comparison of their Interest Coverage Ratio (TTM) against their respective Passenger Airlines and Software industry benchmarks.

Financial Strength at a Glance

Symbol	DAL	PONY
Current Ratio (MRQ)	0.38	15.86
Quick Ratio (MRQ)	0.25	14.62
Debt-to-Equity Ratio (MRQ)	0.86	0.00
Interest Coverage Ratio (TTM)	5.37	--

Growth

Revenue Growth

DAL vs. PONY: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

DAL vs. PONY: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

DAL

1.02%

Passenger Airlines Industry

Max: 6.71%
Q3: 3.95%
Median: 1.10%
Q1: 0.00%
Min: 0.00%

DAL’s Dividend Yield of 1.02% is consistent with its peers in the Passenger Airlines industry, providing a dividend return that is standard for its sector.

PONY

0.00%

Software Industry

Max: 0.08%
Q3: 0.03%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

PONY currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.

DAL vs. PONY: A comparison of their Dividend Yield (TTM) against their respective Passenger Airlines and Software industry benchmarks.

Dividend Payout Ratio (TTM)

DAL

8.67%

Passenger Airlines Industry

Max: 71.59%
Q3: 38.54%
Median: 8.16%
Q1: 0.00%
Min: 0.00%

DAL’s Dividend Payout Ratio of 8.67% is within the typical range for the Passenger Airlines industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

PONY

0.00%

Software Industry

Max: 1.32%
Q3: 0.53%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

PONY has a Dividend Payout Ratio of 0%, indicating it does not currently pay a dividend. This is a common strategy for growth-oriented companies that reinvest all profits back into the business.

DAL vs. PONY: A comparison of their Dividend Payout Ratio (TTM) against their respective Passenger Airlines and Software industry benchmarks.

Dividend at a Glance

Symbol	DAL	PONY
Dividend Yield (TTM)	1.02%	0.00%
Dividend Payout Ratio (TTM)	8.67%	0.00%

Valuation

Price-to-Earnings Ratio (TTM)

DAL

8.52

Passenger Airlines Industry

Max: 13.29
Q3: 11.94
Median: 8.78
Q1: 7.42
Min: 3.07

DAL’s P/E Ratio of 8.52 is within the middle range for the Passenger Airlines industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.

PONY

Software Industry

Max: 149.35
Q3: 100.21
Median: 47.97
Q1: 26.77
Min: 11.68

P/E Ratio data for PONY is currently unavailable.

DAL vs. PONY: A comparison of their Price-to-Earnings Ratio (TTM) against their respective Passenger Airlines and Software industry benchmarks.

Price-to-Sales Ratio (TTM)

DAL

0.62

Passenger Airlines Industry

Max: 1.09
Q3: 0.74
Median: 0.61
Q1: 0.44
Min: 0.09

DAL’s P/S Ratio of 0.62 aligns with the market consensus for the Passenger Airlines industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

PONY

67.78

Software Industry

Max: 25.24
Q3: 13.52
Median: 8.15
Q1: 4.87
Min: 0.98

With a P/S Ratio of 67.78, PONY trades at a valuation that eclipses even the highest in the Software industry. This implies the market has priced in exceptionally optimistic scenarios for future revenue growth, posing considerable valuation risk.

DAL vs. PONY: A comparison of their Price-to-Sales Ratio (TTM) against their respective Passenger Airlines and Software industry benchmarks.

Price-to-Book Ratio (MRQ)

DAL

1.84

Passenger Airlines Industry

Max: 3.44
Q3: 2.89
Median: 1.84
Q1: 1.22
Min: 0.56

DAL’s P/B Ratio of 1.84 is within the conventional range for the Passenger Airlines industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

PONY

3.43

Software Industry

Max: 30.95
Q3: 14.91
Median: 7.75
Q1: 3.60
Min: 0.38

PONY’s P/B Ratio of 3.43 is in the lower quartile for the Software industry. From a value investing perspective, this is favorable, as it suggests the stock is trading at a discount to its net asset value and may offer a greater margin of safety.

DAL vs. PONY: A comparison of their Price-to-Book Ratio (MRQ) against their respective Passenger Airlines and Software industry benchmarks.

Valuation at a Glance

Symbol	DAL	PONY
Price-to-Earnings Ratio (TTM)	8.52	--
Price-to-Sales Ratio (TTM)	0.62	67.78
Price-to-Book Ratio (MRQ)	1.84	3.43
Price-to-Free Cash Flow Ratio (TTM)	16.01	--