Skip to content
OpenCapital
Get started

United Airlines Holdings UAL Ratios & Valuation

Income StatementBalance SheetCash FlowRatiosSegments
QuarterlyAnnualTTM
YoYQoQ
SimplifiedDetailed
TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Profitability
Operating margin33.3%-1.3pp34.6%-1.0pp35.5%+0.1pp35.5%+0.1pp35.4%+1.8pp
Net margin23.1%-0.3pp23.4%+0.2pp23.2%+0.7pp22.5%+0.4pp22.1%+1.4pp
EBITDA margin53.3%-1.4pp54.7%-1.1pp55.8%0.0pp55.8%+0.1pp55.8%+1.9pp
Returns
Return on equity103%-7.8pp110.8%-4.6pp115.5%-1.7pp117.1%-4.5pp121.7%-0.3pp
Return on assets17.9%-0.3pp18.2%+0.1pp18.1%+0.6pp17.5%+0.4pp17.1%+1.2pp
Return on invested capital42.7%-1.8pp44.5%-0.4pp44.9%+0.2pp44.8%0.0pp44.7%+2.5pp
Efficiency
Asset turnover3.1×0.0×3.1×0.0×3.1×0.0×3.1×0.0×3.1×0.0×
Liquidity
Current ratio2.7×-0.1×2.8×-0.2×3×-0.1×3.1×-0.1×3.2×0.0×
Quick ratio2.7×-0.1×2.8×-0.2×3×-0.1×3.1×-0.1×3.2×0.0×
Cash ratio1.1×-0.1×1.2×-0.2×1.3×-0.1×1.5×-0.1×1.6×0.0×
Leverage
Debt-to-equity8.4×-0.7×9.1×-0.5×9.6×-0.5×10.1×-0.6×10.6×-0.9×
Debt-to-assets1.6×-0.1×1.6×0.0×1.7×0.0×1.7×0.0×1.7×0.0×
Net debt / EBITDA11.8×+0.1×11.6×+0.2×11.4×+0.3×11.2×+0.2×10.9×-0.6×
Interest coverage14×+0.1×13.9×+0.3×13.6×+0.8×12.8×+0.8×12×+1.4×
Valuation
Market capitalization$123.03B+6.2%$115.85B+3.8%$111.58B+12.6%$99.11B+11.0%$89.27B+8.4%
Enterprise value$215.4B+3.3%$208.45B+2.5%$203.45B+8.2%$188.08B+7.2%$175.49B+3.8%
Price / earnings36.2×+1.9×34.3×+0.7×33.6×+2.7×30.9×+2.4×28.5×+0.3×
Price / sales2.1×+0.1×2×+0.1×1.9×+0.2×1.7×+0.2×1.6×+0.1×
Price / book8.4×+0.1×8.3×-0.2×8.4×+0.5×7.9×+0.4×7.5×+0.1×
EV / EBITDA27.5×+1.2×26.3×+1.0×25.3×+1.8×23.6×+1.4×22.2×-0.2×
EV / sales3.7×+0.1×3.6×+0.1×3.5×+0.2×3.3×+0.2×3.1×+0.1×
Earnings yield44.9%-3.9pp48.8%-0.6pp49.4%-4.2pp53.6%-5.6pp59.2%-0.9pp
PEG ratio62.2×+59.3×2.9×+1.2×1.8×—————

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Questions, answered.

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.