GeminIQ

UAL

United Airlines Holdings, Inc.
—

Company Information

Company Name
United Airlines Holdings, Inc.
CIK
CIK0000100517
Category
Large accelerated filer
Ticker: Exchange
UAL: Nasdaq
Fiscal Year End
December 31
Owner Organization
01 Energy & Transportation
SIC
4512
SIC Description
Air Transportation, Scheduled
Ticker
UAL

SEC filing data through

Insider Sentiment

Last purchase
2023-11-07
Last sale
2026-08-25
Shares purchased (TTM)
0
Shares sold (TTM)
413,376
Buy ratio (TTM)0.0%

Institutional Sentiment

As of
2026-06-30
Institutional shares owned
326,071,667
Shares outstanding
324,600,000
Ownership
100.45%
+16.84% Y/Y

Earnings Market Reaction

Filing date
2026-07-16
Price on filing date
—
1-month reaction
9.05%
3-month reaction
…
Drift continued5/11 (45%)
Faded / reversed6/11 (55%)
Export data

Balance Sheet

Values in millions ($)
Line item2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-312023-12-312023-09-30Subscriber-only columnSubscriber-only columnSubscriber-only columnSubscriber-only columnSubscriber-only columnTrend
Assets
Cash And Cash Equivalents At Carrying Value10,1667,8695,9426,7309,3549,3708,7698,81210,8648,4016,0587,478
Short Term Investments6,4716,2986,2986,5996,2625,9605,7065,3524,3845,5918,3309,608
Restricted Cash Current-------36304031392
Assets Current
Assets Current21,66419,39216,85718,09420,25820,14818,88318,57120,00318,69618,48721,912
Receivables Net Current2,4732,6602,3912,4332,2862,2882,1632,0422,3762,2591,8982,193
Airline Related Inventory Net1,7951,7181,5561,5881,5471,6011,5721,6391,6801,6751,5611,513
Prepaid Expense And Other Assets Current759847671744809928673690669730640728
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 Right Of Use Asset Before Accumulated Depreciation And Amortization-------66,21264,56663,77562,52560,474
Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization--------24,532-23,901-23,305-22,710-22,114
Property Plant And Equipment Net47,95847,07146,12144,96843,89643,43042,90841,68040,66540,47039,81538,360
Operating Lease Right Of Use Asset6,1615,7404,9584,8214,5174,0923,8153,7823,8033,8953,9143,975
Goodwill4,5274,5274,5274,5274,5274,5274,5274,5274,5274,5274,5274,527
Intangible Assets Net Excluding Goodwill2,6452,6502,6552,6622,6692,6762,6832,6912,6992,7172,7252,735
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 After Allowance For Credit Loss Noncurrent1,6141,5611,3301,2421,2951,2391,2671,209--1,636-
Assets Noncurrent62,90561,54959,59158,21956,90455,96355,200---52,617-
Assets84,56980,94176,44876,31377,16376,11174,08372,64073,25471,90271,10473,153
Liabilities And Stockholders Equity
Accounts Payable Current5,7725,3774,5674,6364,9204,6944,1934,0084,4784,3443,8354,206
Employee Related Liabilities Current3,4583,0713,9003,5553,2112,3943,2892,8022,3832,1282,9403,815
Long Term Debt Current-------3,2794,7573,9584,0183,649
Liabilities Current
Liabilities Current27,76427,78126,13327,11928,99225,79823,31423,36525,85524,76422,20324,756
Long Term Debt And Capital Lease Obligations Current2,1702,2534,4264,6216,1943,2653,453---4,247-
Operating Lease Liability Current818748631563541506467491548557576598
Deferred Income Tax Assets Net----------00
Other Liabilities Current854830757763910990948838894910806812
Long Term Debt Noncurrent-------22,20721,68723,05925,05725,932
Long Term Debt And Capital Lease Obligations24,29421,94020,56220,80720,88524,39825,203---27,413-
Operating Lease Liability Noncurrent6,3866,0305,4175,3315,1664,7564,5104,4324,4434,5174,5034,493
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current And Noncurrent1,0741,0771,0589741,1991,2521,233---1,605-
Deferred Income Tax Liabilities Net2,8222,6172,4632,2061,9191,6241,5801,224951545594472
Other Liabilities Noncurrent1,5001,5181,4781,5081,5151,5491,5301,5001,4401,4531,4141,400
Liabilities Noncurrent40,10837,28435,03334,88634,79837,69738,094---39,577-
Finance Lease Liability Current-------87110117172271
Preferred Stock Value000000000000
Common Stock Value444444444444
Additional Paid In Capital Common Stock8,8798,8438,9118,8788,8558,8138,9808,9459,0018,9738,9928,968
Stockholders Equity
Stockholders Equity16,69715,87615,28214,30913,37312,61612,67511,43710,5269,1889,3248,853
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 Deficit11,53510,73010,0929,0498,1107,1376,8805,8964,9863,6643,8313,232
Accumulated Other Comprehensive Income Loss Net Of Tax32348123142164188-109-97-81-6291
Finance Lease Liability Noncurrent-------8965789171
Deferred Credits And Other Liabilities
Defined Benefit Pension Plan Liabilities Noncurrent-------1,030998985968800
Other Postretirement Defined Benefit Plan Liabilities Noncurrent-------594612625637621
Liabilities And Stockholders Equity84,56980,94176,44876,31377,16376,11174,08372,64073,25471,90271,10473,153
Allowance For Doubtful Accounts Receivable Current-------2120191814
Airline Related Inventory Valuation Reserves-------788754721689665
Finite Lived Intangible Assets Accumulated Amortization-------1,3551,3471,3391,4951,486
Financing Receivable Allowance For Credit Losses--------32323827
Financing Receivable Allowance For Credit Loss Excluding Accrued Interest-------32----
Common Stock Par Or Stated Value Per Share0.010.010.010.010.010.010.010.010.010.010.010.01
Common Stock Shares Authorized1,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,000
Shares Outstanding325325323324324327328329329329328328
Common Stock Shares Issued325325323---328-----

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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. United Airlines Holdings, Inc. (UAL)'s most recent SEC filing is a Form 10-Q for the period ended 2026-06-30, filed with the SEC on 2026-07-16. Based on that filing, United Airlines Holdings, Inc. carries a market cap of $44.14B, a P/E ratio of 12.62x, a P/B ratio of 2.64x, a P/S ratio of 0.70x, an enterprise value of $60.30B, and an EV/EBITDA multiple of 7.66x. On profitability, it posts a gross margin of 70.86%, an operating margin of 7.75%, a net margin of 5.56%, a Return on Equity (ROE) of 23.26%, a Return on Assets (ROA) of 4.32%, and a Return on Invested Capital (ROIC) of 11.50%. Per share, it reports EPS of $10.77, diluted EPS of $10.71, free cash flow per share of $27.97, and a dividend per share of $0.00. Over the trailing year, it posted revenue growth of 8.47% year-over-year, net income growth of 5.65% year-over-year, and EPS growth of 5.65% year-over-year. On the balance sheet, it maintains a current ratio of 0.78x, a quick ratio of 0.75x, working capital of $-6.10B, a debt-to-equity ratio of 4.06x, a debt ratio of 0.8, an interest coverage ratio of 3.68x, free cash flow of $9.08B (TTM), and net debt of $16.16B. Figures sourced from SEC EDGAR.

Market Cap
$44.14B
P/E TTM
12.62x
EPS TTM
$10.77
P/B TTM
2.64x
ROE TTM
23.26%
ROA TTM
4.32%
Debt To Equity
4.06x
Free Cash Flow TTM
$9.08B
Net Revenue TTM Growth 1Y
8.47%

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 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.

When was United Airlines Holdings, Inc. (UAL)'s most recent SEC filing?

United Airlines Holdings, Inc. (UAL)'s most recent SEC filing is a Form 10-Q for the period ended 2026-06-30, filed with the SEC on 2026-07-16.

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 is UAL's EPS (earnings per share)?

United Airlines Holdings, Inc. (UAL)'s trailing twelve month EPS is $10.77 as of 2026-06-30.

What is UAL's ROE (return on equity)?

United Airlines Holdings, Inc. (UAL)'s trailing twelve month Return on Equity (ROE) is 23.26% as of 2026-06-30.

What is UAL's ROA (return on assets)?

United Airlines Holdings, Inc. (UAL)'s trailing twelve month Return on Assets (ROA) is 4.32% as of 2026-06-30.

What is UAL's ROIC (return on invested capital)?

United Airlines Holdings, Inc. (UAL)'s trailing twelve month Return on Invested Capital (ROIC) is 11.50% as of 2026-06-30.

What is UAL's EV/EBITDA?

United Airlines Holdings, Inc. (UAL)'s trailing twelve month EV/EBITDA is 7.66x as of 2026-06-30.

GeminIQ Research & Analysis

July 16, 2026Airline Sector Stock Analysis: One Carrier Is Re-LeveringThis airline sector stock analysis tracks five years of Net Debt-to-EBITDA, Altman Z-Score, and margin trends for Delta, United, and American Airlines, showing two carriers deleveraging every year while the third reverses course.June 22, 2026Altman Z-Score: Formula, Zones, and Limitations ExplainedThe Altman Z-Score predicts corporate bankruptcy risk using five financial ratios combined into a single weighted score. Here is how the formula works, what the three zones mean, and where the model breaks down.

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