Where do United Airlines Holdings's ratios come from?

Every ratio is computed from United Airlines Holdings's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Operating margin	8.4%-1.3pp	8%-1.0pp	8.3%+0.1pp	8.6%+0.1pp	9.7%+1.8pp
Net margin	6.1%-0.3pp	5.7%+0.2pp	5.6%+0.7pp	5.7%+0.4pp	6.3%+1.4pp
Returns
Return on equity	25.7%-7.8pp	24%-4.6pp	25.6%-1.7pp	27.7%-4.5pp	33.6%-0.3pp
Return on invested capital	10.7%-1.8pp	10.4%-0.4pp	10.3%+0.2pp	11.3%0.0pp	12.4%+2.5pp
Efficiency
Asset turnover	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.8×0.0×
Liquidity
Current ratio	0.7×-0.1×	0.6×-0.2×	0.7×-0.1×	0.7×-0.1×	0.8×0.0×
Leverage
Debt-to-equity	2×-0.7×	1.8×-0.5×	2.2×-0.5×	2.5×-0.6×	2.6×-0.9×
Net debt / EBITDA	2.8×+0.1×	2.8×+0.2×	3.1×+0.3×	2.9×+0.2×	2.7×-0.6×
Valuation
Market capitalization	$29.78B+31.7%	$36.2B+13.4%	$31.24B+66.5%	$25.81B+61.6%	$22.6B+43.8%
Price / earnings	8.1×+1.9×	10.8×+0.7×	9.5×+2.7×	7.8×+2.4×	6.2×+0.3×
Price / sales	0.5×+0.1×	0.6×+0.1×	0.5×+0.2×	0.4×+0.2×	0.4×+0.1×
Price / book	1.9×+0.1×	2.4×-0.2×	2.2×+0.5×	1.9×+0.4×	1.8×+0.1×
EV / EBITDA	6.5×+1.2×	7.6×+1.0×	7.2×+1.8×	6.2×+1.4×	5.4×-0.2×

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Where do United Airlines Holdings's ratios come from?: Every ratio is computed from United Airlines Holdings's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.