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) Net margin

Alert me on Net margin

United Airlines Holdings Inc's net margin over the twelve months to 30 September 2026 was 5.46%, down 0.2 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 1.73% and above the Industrials sector median of 2.52%.

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)
Sep 2026 5.76% 1.20
Jun 2026 4.56% (0.23)
Mar 2026 4.79% (1.99)
Dec 2025 6.78% 0.55
43 more quarters

Against its own ten years

Low −46.0% High 19.4%
Ten-year median 5.52%
Current reading's percentile 56

Net margin against peers

Company Net margin
CPA Copa Holdings, S.A. compare 15.7%
RYAAY Ryanair Holdings PLC compare 11.2%
LTM LATAM Airlines Group S.A. compare 9.82%
SKYW SkyWest, Inc. compare 9.70%
UAL United Airlines Holdings Inc 5.46%
DAL Delta Air Lines, Inc. compare 4.58%
LUV Southwest Airlines Co. compare 3.34%
AAL American Airlines Group Inc. compare −0.79%
ALK Alaska Air Group, Inc. compare −2.58%
Airlines industry median 1.73%
Industrials sector median 2.52%
Market median 1.06%

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

The full definition of Net margin →

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