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

United Airlines Holdings Inc (UAL) EV/FCF

Alert me on EV/FCF

As of 5 November 2026, United Airlines Holdings Inc (UAL) trades at a EV/FCF of 39.6×. Over the past ten years it has ranged from −1,639× (May 2024) to 481× (February 2022); the current reading is higher than 87% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 18.5× 57.99%
FY2024 11.7× —
FY2023 −139× —
FY2022 18.6× (95.86%)
FY2021 449× —
FY2020 −4.6× —
FY2019 15.5× (14.94%)
FY2018 18.2× —
FY2017 −79.1× —
FY2016 13.4× 59.91%

Quarterly newest first

Period EV/FCF Change
Sep 2026 39.7× 93.06%
Jun 2026 20.5× 69.36%
Mar 2026 12.1× (34.38%)
Dec 2025 18.5× 62.77%
43 more quarters

Against its own ten years

Low −1,639× High 481×
Ten-year median 13.8×
Current reading's percentile 84

EV/FCF against peers

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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