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.
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United Airlines Holdings Inc (UAL) EV/FCF
As of 9 October 2026, United Airlines Holdings Inc (UAL) trades at a EV/FCF of 17.0×. Over the past ten years it has ranged from −1,639× (May 2024) to 481× (February 2022); the current reading is higher than 65% 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 |
|---|---|---|
| Jun 2026 | 20.5× | 69.36% |
| Mar 2026 | 12.1× | (34.38%) |
| Dec 2025 | 18.5× | 62.77% |
| Sep 2025 | 11.4× | 26.59% |
| 42 more quarters | Free account |
Against its own ten years
EV/FCF against peers
| Company | EV/FCF |
|---|---|
| LUV Southwest Airlines Co. compare | −3,218× |
| ALK Alaska Air Group, Inc. compare | −14.4× |
| LTM LATAM Airlines Group S.A. compare | 8.8× |
| RYAAY Ryanair Holdings PLC compare | 12.7× |
| UAL United Airlines Holdings Inc | 17.0× |
| DAL Delta Air Lines, Inc. compare | 18.5× |
| CPA Copa Holdings, S.A. compare | 36.7× |
| AAL American Airlines Group Inc. compare | 101× |
| ZNH China Southern Airlines Company Limited compare | — |
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))
More on UAL
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement