Pricing Log in Create free account
Friday 6 November 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.

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

Quarter to September 2026, against a year earlier

110.79 4.97 −4.29%
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
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

United Airlines Holdings Inc (UAL) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, United Airlines Holdings Inc (UAL) trades at a EV/EBITDA of 9.7×. Over the past ten years it has ranged from 0.0× (June 2022) to 205× (July 2022); the current reading is higher than 82% of that period. That is above the Airlines industry median of 8.6× and below the Industrials sector median of 12.4×.

EV/EBITDA, daily

Embed this chart

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
Sep 2026 9.7× (12.36%)
Jun 2026 11.1× 41.81%
Mar 2026 7.8× (24.95%)
Dec 2025 10.4× 16.13%
43 more quarters

Against its own ten years

Low 0.0× High 205×
Ten-year median 7.4×
Current reading's percentile 82

EV/EBITDA against peers

Company EV/EBITDA
RYAAY Ryanair Holdings PLC compare 6.9×
LTM LATAM Airlines Group S.A. compare 7.9×
LUV Southwest Airlines Co. compare 8.1×
SKYW SkyWest, Inc. compare 8.3×
CPA Copa Holdings, S.A. compare 8.8×
UAL United Airlines Holdings Inc 9.7×
DAL Delta Air Lines, Inc. compare 12.3×
ALK Alaska Air Group, Inc. compare 14.0×
AAL American Airlines Group Inc. compare 30.3×
Airlines industry median 8.6×
Industrials sector median 12.4×
Market median 10.9×

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 →

More on UAL