UALNasdaqAir Transportation, ScheduledFiscal year ends December 31
United Airlines Holdings, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 21, 2026
$95.60−0.50 (-0.52%)
Close on Oct 19, 2026
- Market cap
- $31.22B
- P/E (TTM)
- 8.9
- Dividend yield
- –
United Airlines statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of Air Transportation, Scheduled companies for comparison
Valuation
| Measure | United Airlines | Industry median |
|---|---|---|
| Market Cap | $31.03B | $1.12B |
| Enterprise Value | $40.86B | $2.56B |
| PE Ratio | 8.94 | 13.01 |
| PS Ratio | 0.49 | 0.63 |
| PB Ratio | 1.86 | 1.57 |
| P/TBV Ratio | 3.26 | 2.60 |
| P/FCF Ratio | 12.20 | 12.20 |
| P/OCF Ratio | 3.48 | 5.94 |
Enterprise value
| Measure | United Airlines | Industry median |
|---|---|---|
| EV / Sales | 0.65 | 0.80 |
| EV / EBITDA | 5.19 | 7.29 |
| EV / EBIT | 8.38 | 10.05 |
| EV / FCF | 16.06 | 16.01 |
Income (trailing twelve months)
| Measure | United Airlines | Industry median |
|---|---|---|
| Revenue | $62.90B | $2.89B |
| Operating Income | $4.87B | $9.99M |
| Pretax Income | $4.48B | $28.87M |
| Net Income | $3.50B | -$553.56K |
| EBITDA | $7.87B | $246.26M |
| EPS (Diluted) | $10.69 | -$0.02 |
Margins
| Measure | United Airlines | Industry median |
|---|---|---|
| Operating Margin | 7.75% | 1.73% |
| Pretax Margin | 7.12% | 2.68% |
| Profit Margin | 5.56% | 0.17% |
| EBITDA Margin | 12.5% | 5.51% |
| FCF Margin | 4.04% | -1.59% |
Returns
| Measure | United Airlines | Industry median |
|---|---|---|
| Return on Equity (ROE) | 23.3% | 13.0% |
| Return on Assets (ROA) | 4.32% | -0.51% |
| Return on Invested Capital (ROIC) | 14.8% | 4.63% |
| Return on Capital Employed (ROCE) | 8.58% | 2.95% |
Growth
| Measure | United Airlines | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 8.48% | 7.63% |
| Net Income Growth (YoY) | 5.65% | -12.5% |
| EPS Growth (YoY) | 7.01% | -13.3% |
| FCF Growth (YoY) | -37.1% | 12.1% |
| Revenue Growth (3Y CAGR) | 9.53% | 6.24% |
| Revenue Growth (5Y CAGR) | 30.9% | 25.4% |
| EPS Growth (3Y CAGR) | 66.0% | 17.9% |
Balance sheet
| Measure | United Airlines | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $16.64B | $347.43M |
| Total Debt | $26.46B | $2.14B |
| Net Cash (Debt) | -$9.83B | -$509.20M |
| Net Cash Per Share | -$30.28 | -$8.53 |
| Equity (Book Value) | $16.70B | $222.00M |
| Book Value Per Share | $51.44 | $8.41 |
| Tangible Book Value | $9.53B | $160.00M |
| Working Capital | -$6.10B | -$92.05M |
Financial position
| Measure | United Airlines | Industry median |
|---|---|---|
| Current Ratio | 0.78 | 0.74 |
| Quick Ratio | 0.69 | 0.46 |
| Debt / Equity | 1.58 | 0.84 |
| Debt / EBITDA | 3.36 | 2.82 |
| Debt / FCF | 10.40 | 7.71 |
| Net Debt / EBITDA | 1.25 | 1.55 |
| Interest Coverage | 3.67 | 0.61 |
Cash flow (trailing twelve months)
| Measure | United Airlines | Industry median |
|---|---|---|
| Operating Cash Flow | $8.91B | $83.52M |
| Capital Expenditures | -$6.37B | -$84.64M |
| Free Cash Flow | $2.54B | -$748.59K |
| FCF Per Share | $7.84 | -$0.26 |
Efficiency
| Measure | United Airlines | Industry median |
|---|---|---|
| Asset Turnover | 0.78 | 0.75 |
| Revenue Per Employee | $555.67K | $416.26K |
| Profits Per Employee | $30.89K | -$2.34K |
| Employee Count | 113,200 | 6,300 |
Dividends and yields
| Measure | United Airlines | Industry median |
|---|---|---|
| Earnings Yield | 11.3% | -4.22% |
| FCF Yield | 8.20% | -2.40% |
| Buyback Yield | 0.24% | 1.15% |
| Shareholder Yield | 0.24% | 1.17% |
Shares
| Measure | United Airlines | Industry median |
|---|---|---|
| Shares Outstanding | 324,584,000 | 84,182,550 |
| Shares Change (YoY) | -1.40% | 0.67% |
| Shares Change (QoQ) | -0.01% | 0.31% |
| Float | 308,070,000 | 69,232,700 |
| Shares Held by Insiders | 5.09% | 8.81% |
| Shares Held by Institutions | 89.7% | 80.7% |
Taxes
| Measure | United Airlines | Industry median |
|---|---|---|
| Income Tax | $980.00M | $2.51M |
| Effective Tax Rate | 21.9% | 22.2% |
Scores
| Measure | United Airlines | Industry median |
|---|---|---|
| Graham Number | $111.23 | $57.84 |
| Graham Upside | 16.4% | -18.2% |
| Altman Z-Score | 1.31 | 0.98 |
| Piotroski F-Score | 6 | 5 |
Calculated by StockData from United Airlines's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.