stockrowUnited 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
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United Airlines Holdings Inc (UAL) Gross margin
United Airlines Holdings Inc's gross margin over the twelve months to 30 September 2026 was 66.1%, down 4.5 percentage points from fiscal 2025 (70.6%). Over the past ten years it has ranged from 35.4% (fiscal 2022) to 73.3% (fiscal 2016); the current reading is higher than 82% of that period. That is above the Airlines industry median of 51.7% and above the Industrials sector median of 30.6%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 70.6% | 0.95 |
| FY2024 | 69.6% | 2.73 |
| FY2023 | 66.9% | 31.47 |
| FY2022 | 35.4% | (27.16) |
| FY2021 | 62.6% | 1.98 |
| FY2020 | 60.6% | (7.97) |
| FY2019 | 68.6% | 1.80 |
| FY2018 | 66.8% | (4.02) |
| FY2017 | 70.8% | (2.52) |
| FY2016 | 73.3% | 3.58 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 64.3% | 2.59 |
| Jun 2026 | 61.8% | (6.85) |
| Mar 2026 | 68.6% | (2.02) |
| Dec 2025 | 70.6% | (0.07) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| ALK Alaska Air Group, Inc. compare | 100.0% |
| SKYW SkyWest, Inc. compare | 69.8% |
| UAL United Airlines Holdings Inc | 66.1% |
| CPA Copa Holdings, S.A. compare | 62.4% |
| RYAAY Ryanair Holdings PLC compare | 51.5% |
| DAL Delta Air Lines, Inc. compare | 31.2% |
| LTM LATAM Airlines Group S.A. compare | 25.0% |
| LUV Southwest Airlines Co. compare | 22.9% |
| AAL American Airlines Group Inc. compare | 20.7% |
| Airlines industry median | 51.7% |
| Industrials sector median | 30.6% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on UAL
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- 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