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Saturday 17 October 2026 Export UAL’s income statement to Excel — free account

United Airlines Holdings Inc

UAL Industrials Airlines

United Airlines Holdings Inc’s revenue for fiscal 2025 (year ended December 2025) was $59.1 billion, up 3.52% from fiscal 2024. In the quarter to June 2026, revenue grew 16.0%, EPS fell 17.2%, free cash flow fell 69.3% and total debt fell 2.27%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for five consecutive years.

96.16 5.15 −5.08%
Market cap
$32.9B
P/E
9.0×
Fwd P/E
10.8×
Dividend yield
—
F-score
7/9
Altman Z
1.37
Beneish M
−2.65
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

United Airlines Holdings Inc (UAL) EV/EBITDA

Alert me on EV/EBITDA

As of 16 October 2026, United Airlines Holdings Inc (UAL) trades at a EV/EBITDA of 8.4×. Over the past ten years it has ranged from 0.0× (June 2022) to 205× (July 2022); the current reading is higher than 65% of that period. That is in line with the Airlines industry median of 8.4× and below the Industrials sector median of 12.6×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 10.4× 15.14%
FY2024 9.0× 24.38%
FY2023 7.3× (37.05%)
FY2022 11.6× —
FY2021 0.0× —
FY2020 0.0× —
FY2019 8.7× (25.89%)
FY2018 11.8× 36.11%
FY2017 8.7× 20.78%
FY2016 7.2× 32.40%

Quarterly newest first

Period EV/EBITDA Change
Jun 2026 11.1× 41.81%
Mar 2026 7.8× (24.95%)
Dec 2025 10.4× 16.13%
Sep 2025 9.0× 20.26%
42 more quarters

Against its own ten years

Low 0.0× High 205×
Ten-year median 7.4×
Current reading's percentile 65

EV/EBITDA against peers

Company EV/EBITDA
RYAAY Ryanair Holdings PLC compare 6.0×
LTM LATAM Airlines Group S.A. compare 7.7×
LUV Southwest Airlines Co. compare 8.2×
CPA Copa Holdings, S.A. compare 8.3×
UAL United Airlines Holdings Inc 8.4×
DAL Delta Air Lines, Inc. compare 11.1×
ALK Alaska Air Group, Inc. compare 12.6×
AAL American Airlines Group Inc. compare 28.1×
ZNH China Southern Airlines Company Limited compare —
Airlines industry median 8.4×
Industrials sector median 12.6×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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