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Price / book at other companies

Delta Air Lines logo
Delta Air LinesDAL
2.1×+0.3×
Southwest Airlines logo
Southwest AirlinesLUV
2.7×+0.6×
United Parcel Service, Inc. logo
United Parcel Service, Inc.UPS
5.3×-0.6×
Uber Technologies logo
Uber TechnologiesUBER
5.9×-1.0×
Expeditors International of Washington logo
Expeditors International of WashingtonEXPD
8.3×+1.1×

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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Operating margin8.4%-1.3pp
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 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 price / book?
United Airlines Holdings (UAL) reported price / book of 1.9× in Q1 2026.
How has United Airlines Holdings's price / book changed year-over-year?
United Airlines Holdings's price / book increased by 4.7% year-over-year, from 1.8× to 1.9×.
What is the long-term trend for United Airlines Holdings's price / book?
Over 4 years (2021 to 2025), United Airlines Holdings's price / book has grown at a -10.1% compound annual growth rate (CAGR), from 12.7× to 8.3×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.