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Saturday 17 October 2026 Export UAL’s income statement to Excel — free account

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.

96.16 5.15 −5.08%
Market cap
$32.9B
P/E
9.0×
Fwd P/E
10.8×
Dividend yield
—
F-score
7/9
Altman Z
1.37
Beneish M
−2.65
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

United Airlines Holdings Inc (UAL) P/B ratio

Alert me on P/B ratio

As of 16 October 2026, United Airlines Holdings Inc (UAL) trades at a P/B ratio of 1.9×. Over the past ten years it has ranged from 0.5× (March 2020) to 11.4× (January 2015); the current reading is higher than 17% of that period. That is in line with the Airlines industry median of 1.9× and below the Industrials sector median of 2.2×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 2.4× (5.56%)
FY2024 2.5× 75.84%
FY2023 1.4× (18.71%)
FY2022 1.8× (37.15%)
FY2021 2.8× 38.21%
FY2020 2.0× 2.55%
FY2019 2.0× (13.93%)
FY2018 2.3× (3.86%)
FY2017 2.4× (13.75%)
FY2016 2.8× 15.25%

Quarterly newest first

Period P/B ratio Change
Jun 2026 2.6× 40.74%
Mar 2026 1.9× (20.99%)
Dec 2025 2.4× 8.90%
Sep 2025 2.2× 12.95%
42 more quarters

Against its own ten years

Low 0.5× High 11.4×
Ten-year median 2.3×
Current reading's percentile 19

P/B ratio against peers

Company P/B ratio
AAL American Airlines Group Inc. compare n/m
ALK Alaska Air Group, Inc. compare 1.1×
ZNH China Southern Airlines Company Limited compare 1.3×
UAL United Airlines Holdings Inc 1.9×
CPA Copa Holdings, S.A. compare 1.9×
DAL Delta Air Lines, Inc. compare 2.2×
RYAAY Ryanair Holdings PLC compare 2.5×
LUV Southwest Airlines Co. compare 2.7×
LTM LATAM Airlines Group S.A. compare 6.9×
Airlines industry median 1.9×
Industrials sector median 2.2×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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