United Airlines
UAL
110.17
-1.70
-1.52%
United Airlines
US · UAL
#594 by market cap
Listed 1970
110.17
-1.70
-1.52%
Live - 5344 symbols - heartbeat 103s ago
· 2026-10-08 06:40
Pre-market
107.00
-2.88%
After-hours
110.53
+0.32%
Overnight
108.59
-1.43%
- Market cap
- 35.76B
- P/E (TTM)i
- 10.32
- P/Bi
- 2.14
- EPSi
- 10.20
- Div yieldi
- 0.00%
- 52W posi
- 47%
Reader sentiment
Are you bullish or bearish on UAL?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 1.38, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +3.52% YoY
Margins
- Gross margin
- 28.78%
- Operating margin
- 8.42%
- Net margin
- 5.68%
Key ratios & quality
- Enterprise valuei
- 49.14B
- PEG ratioi
- 0.16
- Altman Z-Scorei
- 1.38
PEG uses trailing P/E against the 3-year net income growth rate (65.70%/yr) since forward earnings estimates aren't available here, so this is not a "forward PEG." Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 41.30B | 43.26B | 15.36B | 24.63B | 44.96B | 53.72B | 57.06B | 59.07B |
| Gross profit | 11.08B | 12.47B | -5.03B | 721.00M | 10.64B | 15.20B | 16.49B | 17.00B |
| Selling & admin expenses | 1.56B | 1.65B | 459.00M | 677.00M | 1.54B | 1.98B | 2.23B | 2.11B |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 3.72B | 4.55B | -8.98B | -4.39B | 2.48B | 5.16B | 5.21B | 4.97B |
| Pretax profit | 2.65B | 3.91B | -8.82B | -2.56B | 990.00M | 3.39B | 4.17B | 4.31B |
| Tax | 526.00M | 905.00M | -1.75B | -593.00M | 253.00M | 769.00M | 1.02B | 953.00M |
| Net profit | 2.12B | 3.01B | -7.07B | -1.96B | 737.00M | 2.62B | 3.15B | 3.35B |
| Basic EPS | 8 | 12 | -25 | -6 | 2 | 8 | 10 | 10 |
| Diluted EPS | 7.67 | 11.58 | -25.30 | -6.10 | 2.23 | 7.89 | 9.45 | 10.20 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 13.21B | 15.24B | 15.23B | 15.40B | 14.61B | 17.67B |
| Gross profit | 3.32B | 4.75B | 4.42B | 4.51B | 3.67B | 4.30B |
| Selling & admin expenses | 496.00M | 487.00M | 555.00M | 571.00M | 522.00M | 644.00M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 502.00M | 1.77B | 1.32B | 1.38B | 608.00M | 951.00M |
| Pretax profit | 478.00M | 1.25B | 1.26B | 1.33B | 870.00M | 1.03B |
| Tax | 91.00M | 275.00M | 306.00M | 281.00M | 172.00M | 221.00M |
| Net profit | 387.00M | 973.00M | 949.00M | 1.04B | 698.00M | 805.00M |
| Basic EPS | 1 | 3 | 3 | 3 | 2 | 2 |
| Diluted EPS | 1.16 | 2.97 | 2.90 | 3.19 | 2.14 | 2.46 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 7.09B | 8.19B | 14.80B | 21.83B | 20.06B | 18.49B | 18.88B | 16.86B |
| Cash & ST investments | 3.95B | 4.94B | 11.68B | 18.41B | 16.41B | 14.39B | 14.48B | 12.24B |
| Inventory | 985.00M | 1.07B | 932.00M | 983.00M | 1.11B | 1.56B | 1.57B | 1.56B |
| Total assets | 49.02B | 52.61B | 59.55B | 68.18B | 67.36B | 71.10B | 74.08B | 76.45B |
| Total current liabilities | 13.84B | 14.94B | 12.73B | 18.30B | 19.99B | 22.20B | 23.31B | 26.13B |
| Short-term debt | 2.07B | 2.14B | 2.71B | 3.63B | 3.58B | 4.82B | 3.92B | 5.06B |
| Long-term debt | 12.22B | 13.15B | 24.84B | 30.36B | 28.28B | 27.41B | 25.20B | 20.56B |
| Total liabilities | 38,982,000,000.00 | 41,080,000,000.00 | 53,588,000,000.00 | 63,146,000,000.00 | 60,462,000,000.00 | 61,780,000,000.00 | 61,408,000,000.00 | 61,166,000,000.00 |
| Total equity | 10.04B | 11.53B | 5.96B | 5.03B | 6.90B | 9.32B | 12.68B | 15.28B |
| Retained earnings | 6.72B | 9.72B | 2.63B | 625.00M | 1.27B | 3.83B | 6.88B | 10.09B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 20.15B | 20.26B | 18.09B | 16.86B | 19.39B | 21.66B |
| Cash & ST investments | 15.33B | 15.62B | 13.33B | 12.24B | 14.17B | 16.64B |
| Inventory | 1.60B | 1.55B | 1.59B | 1.56B | 1.72B | 1.80B |
| Total assets | 76.11B | 77.16B | 76.31B | 76.45B | 80.94B | 84.57B |
| Total current liabilities | 25.80B | 28.99B | 27.12B | 26.13B | 27.78B | 27.76B |
| Short-term debt | 3.77B | 6.74B | 5.18B | 5.06B | 3.00B | 2.99B |
| Long-term debt | 24.40B | 20.89B | 20.81B | 20.56B | 21.94B | 24.29B |
| Total liabilities | 63,495,000,000.00 | 63,789,000,000.00 | 62,004,000,000.00 | 61,166,000,000.00 | 65,065,000,000.00 | 67,872,000,000.00 |
| Total equity | 12.62B | 13.37B | 14.31B | 15.28B | 15.88B | 16.70B |
| Retained earnings | 7.14B | 8.11B | 9.05B | 10.09B | 10.73B | 11.54B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 6.16B | 6.91B | -4.13B | 2.07B | 6.07B | 6.91B | 9.45B | 8.43B |
| Depreciation & amortization | 2.17B | 2.29B | 2.49B | 2.49B | 2.46B | 2.67B | 2.93B | 2.94B |
| Free cash flow | 2.09B | 2.38B | -5.86B | -40.00M | 1.25B | -260.00M | 3.83B | 2.56B |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -1.24B | -1.65B | 1.75B | 532.00M | 0 | 0 | -162.00M | -637.00M |
| Ending cash balance | 1.80B | 2.87B | 11.74B | 18.53B | 7.42B | 6.33B | 8.95B | 6.08B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 3.71B | 2.22B | 1.22B | 1.29B | 4.80B | 1.61B |
| Depreciation & amortization | -- | -- | -- | -- | -- | -- |
| Free cash flow | 2.48B | 930.00M | -246.00M | -604.00M | 3.13B | 267.00M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -349.00M | -240.00M | -21.00M | -27.00M | -27.00M | 0 |
| Ending cash balance | 9.74B | 9.53B | 6.87B | 6.08B | 8.01B | 10.31B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 22.65 | 27.96 | -80.83 | -35.74 | 12.36 | 32.28 | 28.63 | 23.99 |
| ROA %i | 4.89 | 6.18 | -12.61 | -3.08 | 1.09 | 3.78 | 4.34 | 4.45 |
| ROIC %i | 10.75 | 12.00 | -17.86 | -1.88 | 4.01 | 7.69 | 8.13 | 8.17 |
| 5-year avg ROE %i | 48.78 | 45.94 | 3.93 | -8.29 | -10.74 | -8.81 | -8.66 | 12.30 |
| EBIT margin %i | 8.03 | 10.54 | -50.99 | -3.98 | 5.92 | 9.61 | 9.76 | 9.27 |
| FCF / sales %i | 4.85 | 5.50 | -- | -- | 2.77 | -- | 6.71 | 4.33 |
| Current ratioi | 0.51 | 0.55 | 1.16 | 1.19 | 1.00 | 0.83 | 0.81 | 0.65 |
| Quick ratioi | 0.39 | 0.42 | 1.02 | 1.10 | 0.91 | 0.73 | 0.71 | 0.56 |
| Debt / assetsi | 40.36 | 38.87 | 55.00 | 57.74 | 54.09 | 51.67 | 45.40 | 40.60 |
| LT debt / equityi | 176.41 | 158.80 | 504.13 | 710.52 | 476.46 | 342.30 | 234.42 | 170.00 |
| Interest coveragei | 5.03 | 7.06 | -7.89 | -0.62 | 1.59 | 2.91 | 3.97 | 4.69 |
| Revenue CAGR (3Y) %i | 2.94 | 5.77 | -25.93 | -15.82 | 1.29 | 51.81 | 32.31 | 9.53 |
| Net income CAGR (3Y) %i | -33.88 | 10.44 | -- | -- | -37.43 | -- | -- | 65.70 |
| FCF CAGR (3Y) %i | -13.59 | 0.88 | -- | -- | -19.39 | -- | -- | 27.04 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 33.57 | 27.71 | 25.58 | 23.99 | 25.73 | 23.25 |
| ROA %i | 4.95 | 4.40 | 4.42 | 4.45 | 4.67 | 4.32 |
| ROIC %i | 9.47 | 8.49 | 8.51 | 8.17 | 8.86 | 8.12 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 10.61 | 9.62 | 9.42 | 9.27 | 9.64 | 8.87 |
| FCF / sales %i | 8.36 | 6.97 | 6.36 | 4.33 | 5.30 | 4.04 |
| Current ratioi | 0.78 | 0.70 | 0.67 | 0.65 | 0.70 | 0.78 |
| Quick ratioi | 0.68 | 0.62 | 0.58 | 0.56 | 0.61 | 0.69 |
| Debt / assetsi | 43.26 | 42.49 | 41.04 | 40.60 | 38.26 | 39.81 |
| LT debt / equityi | 231.09 | 194.79 | 182.67 | 170.00 | 176.18 | 183.75 |
| Interest coveragei | 4.65 | 4.43 | 4.54 | 4.69 | 5.15 | 5.05 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Single segment100.00%
Quote time 2026-10-08 06:40:32 · For reference only, not investment advice and not tailored to your situation.