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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) Price to free cash flow

Alert me on Price to free cash flow

As of 16 October 2026, United Airlines Holdings Inc (UAL) trades at a price to free cash flow of 11.9×. Over the past ten years it has ranged from 0.0× (September 2024) to 243× (February 2022); the current reading is higher than 70% of that period. That is in line with the Airlines industry median of 11.5× and below the Industrials sector median of 20.1×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 13.7× 68.93%
FY2024 8.1× —
FY2023 0.0× —
FY2022 8.4× (96.03%)
FY2021 210× —
FY2020 0.0× —
FY2019 9.4× (14.84%)
FY2018 11.0× —
FY2017 0.0× —
FY2016 10.3× 59.88%

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 16.8× 85.10%
Mar 2026 9.1× (33.66%)
Dec 2025 13.7× 67.16%
Sep 2025 8.2× 31.71%
42 more quarters

Against its own ten years

Low 0.0× High 243×
Ten-year median 9.4×
Current reading's percentile 70

Price to free cash flow against peers

Company Price to free cash flow
LUV Southwest Airlines Co. compare n/m
ZNH China Southern Airlines Company Limited compare n/m
ALK Alaska Air Group, Inc. compare n/m
LTM LATAM Airlines Group S.A. compare 6.3×
UAL United Airlines Holdings Inc 11.9×
RYAAY Ryanair Holdings PLC compare 13.8×
DAL Delta Air Lines, Inc. compare 16.3×
AAL American Airlines Group Inc. compare 27.6×
CPA Copa Holdings, S.A. compare 30.7×
Airlines industry median 11.5×
Industrials sector median 20.1×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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