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) Free cash flow
United Airlines Holdings Inc's free cash flow for fiscal 2025 was $2.7B, down 32.6% from $3.9B in fiscal 2024. Over the twelve months to 30 June 2026 it was $2.6B. Over the past ten years it has ranged from −$5.9B (fiscal 2020) to $3.9B (fiscal 2024); the current reading is higher than 82% of that period. United Airlines Holdings Inc ranks 3rd of 18 Airlines companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $2.7B | (32.60%) |
| FY2024 | $3.9B | — |
| FY2023 | −$221.0M | — |
| FY2022 | $1.5B | 2,070.15% |
| FY2021 | $67.0M | — |
| FY2020 | −$5.9B | — |
| FY2019 | $2.4B | 16.05% |
| FY2018 | $2.1B | — |
| FY2017 | −$396.0M | — |
| FY2016 | $2.3B | (30.38%) |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $291.0M | (90.72%) |
| Mar 2026 | $3.1B | — |
| Dec 2025 | −$569.0M | — |
| Sep 2025 | −$231.0M | — |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| ZNH China Southern Airlines Company Limited compare | $8.1B |
| DAL Delta Air Lines, Inc. compare | $3.0B |
| UAL United Airlines Holdings Inc | $2.6B |
| LTM LATAM Airlines Group S.A. compare | $2.2B |
| RYAAY Ryanair Holdings PLC compare | $2.0B |
| AAL American Airlines Group Inc. compare | $285.0M |
| CPA Copa Holdings, S.A. compare | $177.1M |
| LUV Southwest Airlines Co. compare | −$7.0M |
| ALK Alaska Air Group, Inc. compare | −$548.0M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on UAL
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- 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
- EV/FCF
- 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