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United Airlines Holdings, Inc.

UAL

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Financial Statements

Values in Millions ($)
2026-06-30
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
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Assets
Cash And Cash Equivalents At Carrying Value
10,1667,8695,9426,7309,3549,3708,7698,81210,8648,4016,0587,478
Short Term Investments
6,4716,2986,2986,5996,2625,9605,7065,3524,3845,5918,3309,608
Restricted Cash Current
-------36304031392
Assets Current
Assets Current
21,66419,39216,85718,09420,25820,14818,88318,57120,00318,69618,48721,912
Receivables Net Current
2,4732,6602,3912,4332,2862,2882,1632,0422,3762,2591,8982,193
Airline Related Inventory Net
1,7951,7181,5561,5881,5471,6011,5721,6391,6801,6751,5611,513
Prepaid Expense And Other Assets Current
759847671744809928673690669730640728
Flight Equipment Gross
-------50,93349,81449,27748,44846,938
Property Plant And Equipment Other
-------11,86511,29510,94010,52710,157
Deposits On Flight Equipment
-------3,4143,4573,5583,5503,379
Property Plant And Equipment And Finance Lease Rig…
-------66,21264,56663,77562,52560,474
Property Plant And Equipment And Finance Lease Rig…
--------24,532-23,901-23,305-22,710-22,114
Property Plant And Equipment Net
47,95847,07146,12144,96843,89643,43042,90841,68040,66540,47039,81538,360
Operating Lease Right Of Use Asset
6,1615,7404,9584,8214,5174,0923,8153,7823,8033,8953,9143,975
Goodwill
4,5274,5274,5274,5274,5274,5274,5274,5274,5274,5274,5274,527
Intangible Assets Net Excluding Goodwill
2,6452,6502,6552,6622,6692,6762,6832,6912,6992,7172,7252,735
Other Assets Noncurrent
Other Assets Noncurrent
-------8,6078,7838,8418,8888,906
Restricted Cash Noncurrent
-------180220244245240
Notes And Loans Receivable Net Noncurrent
--------1,3371,3531,3911,404
Financing Receivable Excluding Accrued Interest Af…
1,6141,5611,3301,2421,2951,2391,2671,209--1,636-
Assets Noncurrent
62,90561,54959,59158,21956,90455,96355,200---52,617-
Assets
84,56980,94176,44876,31377,16376,11174,08372,64073,25471,90271,10473,153
Liabilities And Stockhold…
Accounts Payable Current
5,7725,3774,5674,6364,9204,6944,1934,0084,4784,3443,8354,206
Employee Related Liabilities Current
3,4583,0713,9003,5553,2112,3943,2892,8022,3832,1282,9403,815
Long Term Debt Current
-------3,2794,7573,9584,0183,649
Liabilities Current
Liabilities Current
27,76427,78126,13327,11928,99225,79823,31423,36525,85524,76422,20324,756
Long Term Debt And Capital Lease Obligations Curre…
2,1702,2534,4264,6216,1943,2653,453---4,247-
Operating Lease Liability Current
818748631563541506467491548557576598
Deferred Income Tax Assets Net
----------00
Other Liabilities Current
854830757763910990948838894910806812
Long Term Debt Noncurrent
-------22,20721,68723,05925,05725,932
Long Term Debt And Capital Lease Obligations
24,29421,94020,56220,80720,88524,39825,203---27,413-
Operating Lease Liability Noncurrent
6,3866,0305,4175,3315,1664,7564,5104,4324,4434,5174,5034,493
Pension And Other Postretirement And Postemploymen…
1,0741,0771,0589741,1991,2521,233---1,605-
Deferred Income Tax Liabilities Net
2,8222,6172,4632,2061,9191,6241,5801,224951545594472
Other Liabilities Noncurrent
1,5001,5181,4781,5081,5151,5491,5301,5001,4401,4531,4141,400
Liabilities Noncurrent
40,10837,28435,03334,88634,79837,69738,094---39,577-
Finance Lease Liability Current
-------87110117172271
Preferred Stock Value
000000000000
Common Stock Value
444444444444
Additional Paid In Capital Common Stock
8,8798,8438,9118,8788,8558,8138,9808,9459,0018,9738,9928,968
Stockholders Equity
Stockholders Equity
16,69715,87615,28214,30913,37312,61612,67511,43710,5269,1889,3248,853
Treasury Stock Common Value
-3,724-3,724-3,773-3,745-3,737-3,502-3,377-3,299-3,368-3,372-3,441-3,442
Retained Earnings Accumulated Deficit
11,53510,73010,0929,0498,1107,1376,8805,8964,9863,6643,8313,232
Accumulated Other Comprehensive Income Loss Net Of…
32348123142164188-109-97-81-6291
Finance Lease Liability Noncurrent
-------8965789171
Deferred Credits And Othe…
Defined Benefit Pension Plan Liabilities Noncurren…
-------1,030998985968800
Other Postretirement Defined Benefit Plan Liabilit…
-------594612625637621
Liabilities And Stockholders Equity
84,56980,94176,44876,31377,16376,11174,08372,64073,25471,90271,10473,153
Allowance For Doubtful Accounts Receivable Current
-------2120191814
Airline Related Inventory Valuation Reserves
-------788754721689665
Finite Lived Intangible Assets Accumulated Amortiz…
-------1,3551,3471,3391,4951,486
Financing Receivable Allowance For Credit Losses
--------32323827
Financing Receivable Allowance For Credit Loss Exc…
-------32----
Common Stock Par Or Stated Value Per Share
0.010.010.010.010.010.010.010.010.010.010.010.01
Common Stock Shares Authorized
1,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,000
Shares Outstanding
325325323324324327328329329329328328
Common Stock Shares Issued
325325323---328-----

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Earnings Market Reaction

Fiscal Year
Q1 1 Month
Q1 2 Month
Q1 3 Month
Q2 1 Month
Q2 2 Month
Q2 3 Month
Q3 1 Month
Q3 2 Month
Q3 3 Month
Q4 1 Month
Q4 2 Month
Q4 3 Month
20261.24%25.96%37.39%9.05%--------
202515.35%25.74%22.94%-2.12%16.85%4.51%-0.77%6.88%15.09%-15.76%-15.64%-15.35%
20248.17%8.74%-3.57%-10.63%-0.82%27.66%21.51%39.24%32.84%-18.77%-28.07%-15.45%
2023----7.62%-16.14%-26.07%4.83%13.05%15.23%2.15%12.95%20.84%

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Performance and Valuation Metrics

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Metrics
2026-06-30
2026-03-31
2025-12-31
2025-09-30
2025-06-30
2025-03-31
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
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Liquidity Ratios
Current Ratio
0.78
0.70
0.65
0.67
0.70
0.78
0.81
0.79
0.77
0.75
0.83
0.89
Quick Ratio
0.75
0.67
0.62
0.64
0.67
0.75
0.78
0.77
0.75
0.73
0.80
0.86
Working Capital
-6.10B
-8.39B
-9.28B
-9.03B
-8.73B
-5.65B
-4.43B
-4.79B
-5.85B
-6.07B
-3.72B
-2.84B
Leverage & Debt
Debt to Equity
4.06
4.10
4.00
4.33
4.77
5.03
4.84
2.04
2.46
2.70
6.63
2.80
Interest Coverage TTM
3.68
3.80
3.43
3.41
3.41
3.66
3.13
1.69
1.68
1.81
2.15
9.31
Debt Ratio
0.80
0.80
0.80
0.81
0.83
0.83
0.83
0.32
0.35
0.34
0.87
0.34
Efficiency & Turnover
Asset Turnover TTM
0.78
0.77
0.78
0.78
0.77
0.78
0.79
0.77
0.76
0.77
0.78
0.74
Days Sales Outstanding TTM
13.81
14.93
14.07
13.99
14.67
14.37
12.99
13.80
14.37
15.09
12.57
14.70
Receivables Turnover TTM
26.43
24.44
25.94
26.09
24.88
25.40
28.10
26.44
25.40
24.19
29.04
24.84
Per Share Metrics
Diluted EPS TTM
10.71
11.21
10.21
10.08
10.12
10.99
9.45
8.31
8.79
8.19
7.89
8.61
Free Cash Flow Per Share TTM
27.97
28.07
25.98
29.64
29.93
28.99
25.88
15.14
13.43
14.93
14.39
19.24
Dividend Per Share TTM
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Margin Metrics
Gross Profit Margin TTM
70.86%
70.14%
70.13%
70.11%
70.31%
70.73%
70.77%
71.08%
71.63%
71.92%
72.47%
73.43%
Operating Profit Margin TTM
7.75%
8.44%
7.98%
8.27%
8.62%
9.71%
8.93%
8.20%
8.56%
7.94%
7.84%
8.74%
Net Profit Margin TTM
5.56%
6.06%
5.68%
5.64%
5.71%
6.34%
5.52%
4.94%
5.28%
4.90%
4.87%
5.45%
Growth Metrics
Net Revenue Growth (1Y)
8.47%
4.72%
3.52%
4.24%
4.23%
5.31%
6.23%
6.67%
9.34%
12.31%
19.49%
28.82%
Net Income Growth (1Y)
5.65%
0.14%
6.48%
19.18%
12.74%
36.16%
20.28%
-3.39%
10.13%
40.00%
255.22%
-480.45%
EPS Growth (1Y)
5.65%
1.31%
7.69%
21.13%
14.20%
36.41%
19.99%
-3.68%
9.86%
39.62%
253.71%
-479.06%
Valuation Metrics
P/E TTM
12.62
8.14
10.84
9.48
7.81
6.18
10.13
6.79
5.45
5.85
5.17
4.85
P/B TTM
2.64
1.88
2.38
2.18
1.93
1.79
2.52
1.64
1.52
1.71
1.45
1.57
P/S TTM
0.70
0.49
0.62
0.54
0.45
0.39
0.56
0.34
0.29
0.29
0.25
0.26
Market Cap
44.14B
29.82B
36.33B
31.24B
25.85B
22.63B
31.91B
18.77B
16.00B
15.72B
13.53B
13.87B
Enterprise Value
60.30B
46.00B
55.38B
49.79B
43.40B
40.55B
51.62B
35.32B
31.44B
34.17B
40.69B
35.62B
Calculated Values
Free Cash Flow TTM
9.08B
9.09B
8.44B
9.59B
9.71B
9.50B
8.51B
4.98B
4.42B
4.90B
4.72B
6.31B
Net Debt
16.16B
16.18B
19.05B
18.56B
17.55B
17.93B
19.71B
16.55B
15.44B
18.45B
27.16B
21.74B
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-16Sale
Owner: Kirby, J Scott
Title: Chief Executive Officer
Shares: 1,078
Price/Share: $120.74
Value: $130,157.72
Shares Owned: 797,851
Relationship: Director,Officer
Ownership: Direct
2026-05-26Sale
Owner: Gebo, Kate
Title: EVP HR and Labor Relations
Shares: 34,669
Price/Share: $105.41
Value: $3,654,459.29
Shares Owned: 67,707
Relationship: Officer
Ownership: Direct
2026-05-01Sale
Owner: Nocella, Andrew P
Title: EVP & Chief Commercial Officer
Shares: 7,000
Price/Share: $90.19
Value: $631,330.00
Shares Owned: 215,345
Relationship: Officer
Ownership: Direct
2026-02-02Sale
Owner: Hart, Brett J
Title: President
Shares: 19,000
Price/Share: $106.45
Value: $2,022,550.00
Shares Owned: 264,638
Relationship: Officer
Ownership: Direct
2025-12-03Sale
Owner: Kirby, J Scott
Title: Chief Executive Officer
Shares: 120,000
Price/Share: $107.87
Value: $12,944,400.00
Shares Owned: 666,535
Relationship: Director,Officer
Ownership: Direct

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Institutional Ownership

No data available for chart
2026-03-31
84.80%
Inst. Shares: 274,678,448
Shares Outstanding: 323,900,000
2025-12-31
86.55%
Inst. Shares: 281,204,132
Shares Outstanding: 324,900,000
2025-09-30
86.92%
Inst. Shares: 281,369,087
Shares Outstanding: 323,700,000
2025-06-30
83.62%
Inst. Shares: 271,418,047
Shares Outstanding: 324,600,000
2025-03-31
84.65%
Inst. Shares: 277,413,102
Shares Outstanding: 327,700,000

United Airlines Holdings, Inc. (UAL) — SEC Financial Statements & Analysis

United Airlines Holdings, Inc. (UAL) is a air transportation, scheduled company, incorporated in DE. United Airlines Holdings, Inc. trades on Nasdaq as: UAL. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), United Airlines Holdings, Inc. reported a 8.47% year-over-year revenue growth, a Gross Profit Margin of 70.86% (TTM), a Debt-to-Equity ratio of 4.06x, a Price-to-Sales (P/S) ratio of 0.70x (TTM), a Price-to-Book (P/B) ratio of 2.64x (TTM), at a market cap of $44.14B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y
8.47%
Gross Profit Margin TTM
70.86%
Debt To Equity
4.06x
P/S TTM
0.70x
P/B TTM
2.64x
Market Cap
$44.14B

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is United Airlines Holdings, Inc. in?

United Airlines Holdings, Inc. (UAL) operates in the Air Transportation, Scheduled industry.

What is UAL's market cap?

United Airlines Holdings, Inc. (UAL) has a market capitalization of $44.14B as of 2026-06-30.

What is UAL's P/E ratio?

United Airlines Holdings, Inc. (UAL)'s trailing twelve month P/E ratio is 12.62x as of 2026-06-30.

What exchange does UAL trade on?

United Airlines Holdings, Inc. (UAL) trades on the Nasdaq.

Where is United Airlines Holdings, Inc. incorporated?

United Airlines Holdings, Inc. is incorporated in DE.

Wall Street's data.
Main Street's price.