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) Price to free cash flow

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As of 5 November 2026, United Airlines Holdings Inc (UAL) trades at a price to free cash flow of 29.9×. Over the past ten years it has ranged from 0.0× (September 2024) to 243× (February 2022); the current reading is higher than 88% of that period. That is above the Airlines industry median of 18.0× and above the Industrials sector median of 19.6×.

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
Sep 2026 29.9× 78.03%
Jun 2026 16.8× 85.10%
Mar 2026 9.1× (33.66%)
Dec 2025 13.7× 67.16%
43 more quarters

Against its own ten years

Low 0.0× High 243×
Ten-year median 9.4×
Current reading's percentile 88

Price to free cash flow against peers

Company Price to free cash flow
AAL American Airlines Group Inc. compare n/m
ALK Alaska Air Group, Inc. compare n/m
LTM LATAM Airlines Group S.A. compare 6.4×
RYAAY Ryanair Holdings PLC compare 17.5×
DAL Delta Air Lines, Inc. compare 18.6×
SKYW SkyWest, Inc. compare 22.7×
UAL United Airlines Holdings Inc 29.9×
CPA Copa Holdings, S.A. compare 32.9×
LUV Southwest Airlines Co. compare 123×
Airlines industry median 18.0×
Industrials sector median 19.6×
Market median 14.1×

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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