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Debt-to-equity at other companies

Delta Air Lines logo
Delta Air LinesDAL
-0.4×
Southwest Airlines logo
Southwest AirlinesLUV
+0.3×
Alaska Air Group logo
Alaska Air GroupALK
1.7×+0.1×
ALG
Allegiant TravelALGT
0.5×-0.2×
Frontier Group Holdings, Inc. logo
Frontier Group Holdings, Inc.ULCC
38.5×+28.9×
JetBlue Airways logo
JetBlue AirwaysJBLU
6.2×+2.2×

Other financials

Income statement

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Revenue$17.7B+16.0%
Operating income$1.1B-17.3%
Net income$805.0M-17.3%
EPS (diluted)$2.46-17.2%

Balance sheet

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Cash & equivalents$10.2B+6.7%
Total debt$33.7B+2.7%
Total equity$16.7B+24.9%
Total assets$84.6B+9.6%

Cash flow

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Operating cash flow$1.6B-27.4%
CapEx-$4.7B-464%
Free cash flow-$3.1B-431%

Valuation

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Market cap$39.38B+39.8%
Enterprise value$62.88B+22.3%
P/E11.3×+2.8×
P/S0.6×+0.1×

Profitability

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Operating margin7.7%-0.9pp
Net margin5.6%-0.1pp
FCF margin7%+6.0pp

Returns & leverage

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Return on equity23.3%-4.4pp
Current ratio0.8×+0.1×

Where this comes from

Calculated from United Airlines Holdings’s reported figures.

Based on the most recent quarter.

The source filing: United Airlines Holdings’s 8-K, filed July 15, 2026. Open the filing →

Filed
Jul 15, 2026, 4:00 PM EDT
Accession
0000100517-26-000135

FAQ

What is United Airlines Holdings's debt-to-equity?
United Airlines Holdings (UAL) reported debt-to-equity of 2× in Q2 2026.
How has United Airlines Holdings's debt-to-equity changed year-over-year?
United Airlines Holdings's debt-to-equity decreased by 17.8% year-over-year, from 2.5× to 2×.
What is the long-term trend for United Airlines Holdings's debt-to-equity?
Over 5 years (2020 to 2025), United Airlines Holdings's debt-to-equity has grown at a -19.8% compound annual growth rate (CAGR), from 5.5× to 1.8×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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