UAL

United Airlines Holdings
D

UAL

Arincen47/100B

If you had invested in United Airlines Holdings ago, it would be worth $1,970 today, against $4,128 in SPY and $6,186 in QQQ.

ArincenArincen ScoreBeta

47/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash0

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation6.7

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength2

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders3.3

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

United Airlines Holdings key facts

Style
Growth stock · 8.9/10Growth 8.9 · Value 8.6
Day range
111.405 – 113.580
52-week range
84.640 – 138.770
Market capitalization
36.63B USD
P/E
10.32
PEG ratio
0.52
EPS
10.93
EPS growth forecast (FY2026)
-33.1%
Volume
15
Beta
1.37
ESG score
60.6/100Environment 62 · Social 52 · Governance 68
Sector
Industrials
Industry
Airlines, Airports & Air Services
CEO
J. Scott Kirby
Employees
118K
Website
united.com
IPO date
6 Feb 2006

United Airlines Holdings earnings

Next earnings · Q4 FY2026
EPS estimate
1.22 USD
Revenue estimate
18.61B USD
Last quarter · Q3 FY2026
EPS2.54Missed -1.2%Revenue17.90BBeat +0.0%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q1 FY20282.26———17.66B——+5.44%
Q4 FY20274.44——+263.88%19.50B——+4.78%
Q1 FY2027-0.01——-100.78%16.75B——+14.66%
Q4 FY20261.22——-60.65%18.61B——+20.87%
Q3 FY20262.572.54-1.17%-8.63%17.89B17.90B+0.03%+17.57%
Q2 FY20261.881.99+5.85%-48.58%17.62B17.67B+0.29%+15.99%
Q1 FY20261.081.19+10.19%+30.77%14.39B14.61B+1.54%+10.57%
Q4 FY20252.933.10+5.80%-4.91%15.37B15.40B+0.15%+4.78%
Q3 FY20252.652.78+4.91%-16.52%15.33B15.23B-0.70%+2.57%
Q2 FY20253.813.87+1.57%-6.52%15.36B15.24B-0.80%+1.67%

United Airlines Holdings analyst forecast

12-month price target
154.58 USD
+37.10%

Analysts' 1-year price targets range from 125.00 to 190.00, with an average of 154.58.

Past year
1-year forecast
Strong sellStrong buy
Strong buy
17 ratings
Buy
17
Hold
0
Sell
0

12-month price target

Highest target190.00
Average target154.58
Lowest target125.00
Current price112.75

United Airlines Holdings valuation

Price to earnings ratio (TTM)
10.32
Forward P/E (FY2026)
15.81
Price to sales (TTM)
0.56
Price to book
2.06
EV / EBITDA (TTM)
6.59

Capital structure

Market capitalization
36.63B USD
+
Total debt
34.29B USD
−
Cash and short-term investments
14.65B USD
=
Enterprise value
56.27B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)6.45————
FY2027 (est.)9.596.45———
FY2026 (est.)15.819.59———
Now (TTM)10.3210.160.562.066.59
FY202510.9515.680.622.398.18
FY202410.149.190.572.556.73
FY20235.163.970.251.475.67
FY202216.683.870.281.808.15
FY2021-7.1820.460.572.8023.37

United Airlines Holdings against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Delta Air Lines, Southwest Airlines, American Airlines Group, Joby Aviation, and Alaska Air Group, the US Airlines, Airports & Air Services companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • Gross marginHighest in 5 years64.1%
    2.9%64.1%
    Against its peers: 1 of 6Peers' median 19.2%
  • Operating marginAbove its median8.0%
    -4.1%8.9%
    Against its peers: 2 of 6Peers' median 2.1%
  • Net marginHighest in 5 years5.7%
    -8.0%5.7%
    Against its peers: 2 of 6Peers' median 0.7%
  • Return on equityAt its median21.9%
    -39.1%28.1%
    Against its peers: 2 of 5Peers' median 4.0%
  • Free cash flow marginAbove its median4.3%
    -0.5%6.7%
    Against its peers: 2 of 6Peers' median -2.4%
  • Revenue growthLowest in 5 years3.5%
    3.5%82.5%
    Against its peers: 3 of 6Peers' median 2.8%
  • EPS growthLowest in 5 years8.1%
    8.1%253.8%
    Against its peers: 2 of 5Peers' median -33.2%
  • Debt to EBITDABelow its median4.12×
    3.96×26.16×
    Against its peers: 3 of 5Peers' median 4.00×
  • Current ratioLowest in 5 years0.65
    0.651.19
    Against its peers: 2 of 6Peers' median 0.50

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

United Airlines Holdings growth and profitability

Revenue (TTM)
65.55B USD
Net income (TTM)
3.58B USD
Gross margin
65.72%
Operating margin
7.51%
Net margin
5.46%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202559.07B+3.52%3.35B+6.48%64.12%7.98%5.68%7.54B-11.30%
FY202457.06B+6.23%3.15B+20.28%34.03%8.93%5.52%8.50B+8.50%
FY202353.72B+19.49%2.62B+255.22%28.29%7.84%4.87%7.83B+53.00%
FY202244.96B+82.49%737.00M—23.67%5.20%1.64%5.12B+240.13%
FY202124.63B+60.43%-1.96B—2.93%-4.15%-7.97%1.51B—

United Airlines Holdings revenue breakdown

By product

FY2025
Passenger: 96.8%Cargo and Freight: 3.2%96.8%Passenger3.2%Cargo and Freight
SegmentRevenueShare of revenueChange on the year
Passenger53.44B96.8%+3.1%
Cargo and Freight1.78B3.2%+2.1%

By region

FY2025
International: 59.3%Atlantic Destination: 19.7%Pacific Destination: 11.6%Latin America Destination: 9.4%59.3%International19.7%Atlantic Destination11.6%Pacific Destination9.4%Latin America Destination
RegionRevenueShare of revenueChange on the year
International35.02B59.3%+2.8%
Atlantic Destination11.65B19.7%+5.0%
Pacific Destination6.88B11.6%+6.4%
Latin America Destination5.53B9.4%+1.7%

How United Airlines Holdings makes its money

Revenue59.07B 100.0%
Cost of revenue21.19B 35.9%
Gross profit37.88B 64.1%
Selling and administration2.11B 3.6%
Other operating expenses31.06B 52.6%
Operating income4.71B 8.0%
Tax953.00M 1.6%
Other expense407.00M 0.7%
Net income3.35B 5.7%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

United Airlines Holdings financial health

Cash and short-term investments
14.65B USD
Total debt
34.29B USD
Net cash
-19.64B USD
Free cash flow (TTM)
1.12B USD
Current ratio
0.75
Debt to equity
1.93
Piotroski score
8 / 9
Altman Z-score
1.42

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY202512.24B31.04B2.56B
FY202414.48B33.63B3.83B
FY202314.39B36.74B-260.00M
FY202216.41B36.43B1.25B
FY202118.41B39.37B-40.00M

United Airlines Holdings ownership

Institutions
89.57%
Institutional holders
1,142 (+76)
Free float
99.13%

Who owns the shares

Institutions 89.6% Others 10.4%
As of 30 Jun 2026

Shares free to trade

Free float 322.06M shares ·99.1% Closely held 2.83M shares ·0.9%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 2026010.0089.00K
Q3 202607387.15K575.99K
Q2 20260531.04K103.65K
Q1 202601943.63K696.11K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025327.00M327.00M-1.86%
FY2024333.20M333.20M+0.39%
FY2023331.81M331.90M+0.55%
FY2022330.10M330.10M+2.55%
FY2021321.90M321.90M+15.21%

Source: Financial Modeling Prep

Related Instruments News

Title: United Airlines Holdings

Sector: Industrials
Industry: Airlines, Airports & Air Services
United Airlines Holdings Inc. is an American company that specializes in the air transportation of people and cargo across North America and the rest of the world. The company was founded on December 30, 1968, and is headquartered in Chicago, Illinois. It operates across six continents, with hubs spread across the US. The company’s hub-and-spoke system allows it to transport passengers among several destinations with more frequency and dependability.

Common questions about United Airlines Holdings stock

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