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Operating margin at other companies

Delta Air Lines logo
Delta Air LinesDAL
8.8%-0.8pp
Southwest Airlines logo
Southwest AirlinesLUV
3.4%+1.6pp
United Parcel Service, Inc. logo
United Parcel Service, Inc.UPS
8.5%-0.9pp
Uber Technologies logo
Uber TechnologiesUBER
11.7%+3.2pp
Expeditors International of Washington logo
Expeditors International of WashingtonEXPD
9.7%-0.2pp

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+6.4%

Cash flow

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Operating cash flow$4.8B+29.3%
CapEx$1.7B+35.6%
Free cash flow$3.1B+26.2%

Valuation

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Market cap$37.59B+31.7%
Enterprise value$60.55B+15.2%
P/E10.3×+2.5×
P/S0.6×+0.1×

Profitability

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Net margin6.1%-0.3pp

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 trailing twelve months.

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 operating margin?
United Airlines Holdings (UAL) reported operating margin of 8.4% in Q1 2026.
How has United Airlines Holdings's operating margin changed year-over-year?
United Airlines Holdings's operating margin decreased by 13.1% year-over-year, from 9.7% to 8.4%.
What is the long-term trend for United Airlines Holdings's operating margin?
Over 4 years (2021 to 2025), United Airlines Holdings's operating margin has grown at a -26.6% compound annual growth rate (CAGR), from -118.9% to 34.6%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.