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) Net margin
United Airlines Holdings Inc's net margin over the twelve months to 30 June 2026 was 5.56%, down 0.1 percentage points from fiscal 2025 (5.68%). Over the past ten years it has ranged from −46.0% (fiscal 2020) to 19.4% (fiscal 2015); the current reading is higher than 73% of that period. That is above the Airlines industry median of 1.85% and above the Industrials sector median of 2.22%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 5.68% | 0.16 |
| FY2024 | 5.52% | 0.65 |
| FY2023 | 4.87% | 3.23 |
| FY2022 | 1.64% | 9.61 |
| FY2021 | −7.97% | 38.07 |
| FY2020 | −46.0% | (53.00) |
| FY2019 | 6.96% | 1.82 |
| FY2018 | 5.14% | (0.53) |
| FY2017 | 5.67% | (0.44) |
| FY2016 | 6.11% | (13.28) |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Jun 2026 | 4.56% | (0.23) |
| Mar 2026 | 4.79% | (1.99) |
| Dec 2025 | 6.78% | 0.55 |
| Sep 2025 | 6.23% | (0.16) |
| 42 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| CPA Copa Holdings, S.A. compare | 15.7% |
| RYAAY Ryanair Holdings PLC compare | 12.2% |
| LTM LATAM Airlines Group S.A. compare | 9.85% |
| UAL United Airlines Holdings Inc | 5.56% |
| DAL Delta Air Lines, Inc. compare | 4.58% |
| LUV Southwest Airlines Co. compare | 2.79% |
| AAL American Airlines Group Inc. compare | −0.56% |
| ALK Alaska Air Group, Inc. compare | −1.19% |
| ZNH China Southern Airlines Company Limited compare | −9.08% |
| Airlines industry median | 1.85% |
| Industrials sector median | 2.22% |
| Market median | 0.45% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on UAL
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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