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EV / sales at other companies

Delta Air Lines logo
Delta Air LinesDAL
0.9×+0.1×
Southwest Airlines logo
Southwest AirlinesLUV
0.7×0.0×
United Parcel Service, Inc. logo
United Parcel Service, Inc.UPS
0.9×-0.1×
Uber Technologies logo
Uber TechnologiesUBER
2.8×-0.6×
Expeditors International of Washington logo
Expeditors International of WashingtonEXPD
1.6×+0.2×

Other financials

Income statement

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Revenue$14.6B+10.6%
Operating income$997.0M+64.3%
Net income$699.0M+80.6%
EPS (diluted)$2.14+84.5%

Balance sheet

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Cash & equivalents$8.0B-17.7%
Total debt$31.0B-5.9%
Total equity$15.9B+25.8%
Total assets$80.9B+6.3%

Cash flow

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Operating cash flow$4.8B+29.4%
CapEx$1.7B+35.6%
Free cash flow$3.1B+26.2%

Valuation

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Market cap$38.4B+31.7%
Enterprise value$61.36B+15.2%
P/E10.5×+2.5×
P/S0.6×+0.1×

Profitability

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Operating margin8.4%-1.3pp
Net margin6.1%-0.3pp
FCF margin7%+6.0pp

Returns & leverage

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Return on equity25.7%-7.8pp
Debt / equity-0.7×
Current ratio0.7×-0.1×

Where this comes from

Calculated from United Airlines Holdings’s reported figures.

Based on the most recent quarter.

The official record: United Airlines Holdings’s 10-Q, filed April 22, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is United Airlines Holdings's EV / sales?
United Airlines Holdings (UAL) reported EV / sales of 0.9× in Q1 2026.
How has United Airlines Holdings's EV / sales changed year-over-year?
United Airlines Holdings's EV / sales increased by 10.0% year-over-year, from 0.8× to 0.9×.
What is the long-term trend for United Airlines Holdings's EV / sales?
Over 5 years (2020 to 2025), United Airlines Holdings's EV / sales has grown at a -15.4% compound annual growth rate (CAGR), from 2.3× to 1×.
What does EV / sales mean?
What the whole business costs relative to its annual sales.
How do you interpret EV / sales?
A fallback valuation gauge for pre-profit or cyclical firms. Like P/S, only comparable across similar-margin businesses, but it accounts for debt and cash unlike P/S.
How does EV / sales compare across companies?
Compare within a margin cohort; the debt-and-cash adjustment makes it cleaner than P/S for leveraged firms.