Friday 6 November 2026 Export UAL’s income statement to Excel — free account

United Airlines Holdings Inc

United Airlines Holdings Inc’s revenue for fiscal 2025 (year ended December 2025) was $59.1 billion, up 3.52% from fiscal 2024.

Revenue: +17.4%
EPS: +8.28%
Free cash flow: −615.6%
Total debt: +3.81%

Quarter to September 2026, against a year earlier

112.13 1.64 +1.48%

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Market cap: $35.9B
P/E: 10.1×
Fwd P/E: 12.2×
Dividend yield: —
F-score: 7/9
Altman Z: 1.37
Beneish M: −2.65
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	10.49	9.75	10.79	7.57	0.00	0.00	17.15	5.17	10.30	10.94
Piotroski F-Score Full definition →	6	5	4	8	2	6	6	7	7	7
P/S ratio Full definition →	0.66	0.55	0.56	0.53	0.79	0.57	0.27	0.25	0.56	0.62
Altman Z-Score Full definition →	1.70	1.53	1.44	1.53	0.14	0.52	0.93	1.10	1.37	1.37
P/FCF ratio Full definition →	10.34	0.00	11.02	9.38	0.00	210.34	8.35	0.00	8.10	13.68
Altman Z″-Score (non-manufacturers) Full definition →	0.48	0.33	0.26	0.61	(0.23)	0.35	0.42	0.39	0.59	0.31
Beneish M-Score Full definition →	(2.94)	(2.54)	(2.63)	(2.90)	(1.94)	(2.42)	(1.94)	(4.36)	(2.80)	(2.65)
P/Operating CF Full definition →	36.45	26.45	20.43	19.30	(5.55)	(52.39)	10.49	(14.67)	14.35	28.25
P/B ratio Full definition →	2.77	2.39	2.30	1.98	2.03	2.80	1.76	1.43	2.52	2.38
Price to Tangible BV Full definition →	47.59	31.05	9.77	5.70	0.00	0.00	0.00	6.44	5.84	4.49
EV/Sales Full definition →	0.85	0.83	0.92	0.87	1.77	1.22	0.60	0.57	0.81	0.83
EV/EBITDA Full definition →	7.17	8.66	11.79	8.74	0.00	0.00	11.55	7.27	9.04	10.41
EV/Operating CF Full definition →	5.62	9.02	6.18	5.44	(6.57)	14.55	4.45	4.43	4.88	5.82
EV/FCF Full definition →	13.43	(79.13)	18.18	15.46	(4.64)	448.74	18.57	(138.55)	11.70	18.49
Quick Ratio Full definition →	0.46	0.40	0.39	0.42	1.04	1.10	0.91	0.73	0.71	0.56
Current Ratio Full definition →	0.59	0.56	0.51	0.55	1.16	1.19	1.00	0.83	0.81	0.65
Net Debt/EBITDA Full definition →	1.13	1.83	2.78	2.24	(3.98)	9.78	3.10	2.46	1.73	1.65
Debt/Assets Full definition →	28.87%	33.68%	38.64%	37.48%	45.32%	50.48%	46.48%	44.53%	38.68%	32.69%
Debt/Equity Full definition →	1.34	1.63	1.89	1.71	4.53	6.84	4.54	3.40	2.26	1.64
Asset Turnover Full definition →	0.90	0.92	0.90	0.85	0.27	0.39	0.66	0.78	0.79	0.78
Operating CF/Net income Full definition →	2.48	1.62	2.90	2.30	0.58	(1.05)	8.23	2.64	3.00	2.51
Capex/Depreciation Full definition →	(1.63)	(1.85)	(1.88)	(1.96)	(0.67)	(0.75)	(1.88)	(2.54)	(1.78)	(1.92)
Interest Coverage Full definition →	6.45	5.78	4.82	5.88	(5.98)	(0.62)	1.31	2.15	3.13	3.43
ROE Full definition →	25.35%	24.64%	22.60%	27.90%	(80.83%)	(35.74%)	12.36%	32.28%	28.63%	23.99%
ROA Full definition →	5.52%	5.20%	4.64%	5.92%	(12.61%)	(3.08%)	1.09%	3.78%	4.34%	4.45%
ROIC Full definition →	17.16%	11.78%	8.06%	10.22%	(18.92%)	(3.04%)	6.72%	9.90%	11.86%	10.51%
Return on Tangible Assets Full definition →	12.18%	10.41%	10.27%	12.84%	(21.08%)	(5.52%)	2.14%	7.25%	8.18%	9.10%
Average Days of Receivables Full definition →	11.74	12.94	12.60	11.51	30.78	24.64	14.62	12.90	13.84	14.77
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	31.65%	32.75%	31.51%	31.72%	65.00%	41.58%	3.41%	31.21%	33.14%	33.45%
Intangible Assets out of Total Assets Full definition →	0.20	0.19	0.16	0.14	0.12	0.11	0.11	0.10	0.10	0.09
Share Based Compensation of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Graham Net Nets Full definition →	(1.01)	(1.27)	(1.38)	(1.44)	(3.21)	(2.93)	(3.33)	(3.24)	(1.33)	(1.22)
Graham Number Full definition →	63.97	67.75	79.78	107.98	0.00	0.00	32.12	71.02	90.47	104.00
Earnings Yield Full definition →	9.53%	10.26%	9.27%	13.20%	(58.66%)	(14.12%)	5.83%	19.35%	9.71%	9.14%
Free Cash Flow Yield Full definition →	9.67%	(1.90%)	9.08%	10.66%	(48.44%)	0.48%	11.97%	(1.66%)	12.35%	7.31%
Revenue per Share Full definition →	110.82	124.82	149.92	167.15	54.96	76.53	137.73	163.87	173.65	181.81
Operating CF per Share Full definition →	16.80	11.48	22.37	26.70	(14.79)	6.42	18.58	21.08	28.74	25.95
Capex per Share Full definition →	(9.77)	(12.78)	(14.77)	(17.31)	(6.16)	(6.21)	(14.13)	(21.76)	(16.76)	(17.78)
Free Cash Flow per Share Full definition →	7.03	(1.31)	7.60	9.39	(20.95)	0.21	4.45	(0.67)	11.99	8.17
Cash per Share Full definition →	13.42	12.55	14.34	19.10	42.73	57.29	50.43	43.89	44.05	37.67
Shareholders Equity per Share Full definition →	26.25	28.85	36.45	44.56	21.33	15.62	21.13	28.44	38.57	47.04
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	26.25	28.85	36.45	44.56	21.33	15.62	21.13	28.44	38.57	47.04
Free Cash Flow Full definition →	2,319.00	(396.00)	2,094.00	2,430.00	(5,854.00)	67.00	1,454.00	(221.00)	3,939.00	2,655.00
Working Capital Full definition →	(4,977.00)	(5,630.00)	(6,745.00)	(6,744.00)	2,075.00	3,530.00	66.00	(3,716.00)	(4,431.00)	(9,276.00)
Capital Expenditures Full definition →	(3,223.00)	(3,870.00)	(4,070.00)	(4,479.00)	(1,721.00)	(2,000.00)	(4,612.00)	(7,132.00)	(5,506.00)	(5,776.00)
Net Current Asset Value Full definition →	(24,172.00)	(26,479.00)	(31,888.00)	(32,886.00)	(38,788.00)	(41,312.00)	(40,404.00)	(43,293.00)	(42,525.00)	(44,309.00)
EV/EBIT Full definition →	7.17	8.66	11.79	8.74	0.00	0.00	11.55	7.27	9.04	10.41
Capex to Sales Full definition →	0.09	0.10	0.10	0.10	0.11	0.08	0.10	0.13	0.10	0.10
Price to Operating Income Full definition →	5.52	5.77	7.14	5.30	0.00	0.00	5.20	3.17	6.26	7.71
Other line items
Depreciation/Fixed assets Full definition →	0.08	0.08	0.08	0.08	0.08	0.08	0.07	0.07	0.07	0.07
Cash ROIC Full definition →	9.40%	(1.48%)	6.36%	6.71%	(13.04%)	0.12%	2.66%	(0.40%)	7.06%	5.06%
Accounts Receivable Turnover Full definition →	31.73	30.04	29.86	31.01	11.55	16.66	25.96	29.04	28.10	25.94
Accounts Payable Turnover Full definition →	4.87	5.09	6.02	5.37	2.82	4.43	9.75	4.92	4.32	3.97
Inventory Turnover Full definition →	12.12	12.28	14.38	13.22	6.04	9.63	27.75	13.32	11.07	11.11
Average Days of Payables Full definition →	80.00	72.62	62.85	72.57	96.23	101.45	42.68	78.70	88.29	95.90
Days of Inventory on Hand Full definition →	32.65	30.56	26.20	28.78	56.23	38.92	13.94	32.03	33.10	32.67
Average Receivables Full definition →	1,152.00	1,258.00	1,383.00	1,395.00	1,329.50	1,479.00	1,732.00	1,849.50	2,030.50	2,277.00
Average Payables Full definition →	2,004.00	2,167.50	2,279.50	2,533.00	2,149.00	2,078.50	2,978.50	3,615.00	4,014.00	4,380.00
Average Inventory Full definition →	805.50	898.50	954.50	1,028.50	1,002.00	957.50	1,046.00	1,335.00	1,566.50	1,564.00
Average Assets Full definition →	40,500.50	41,243.00	45,685.00	50,817.50	56,079.50	63,861.50	67,766.50	69,231.00	72,593.50	75,265.50
Average Common Equity Full definition →	8,812.50	8,696.50	9,388.00	10,786.50	8,745.50	5,494.50	5,962.50	8,110.00	10,999.50	13,978.50

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

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