Skip to content
OpenCapital
Get started

United Airlines Holdings UAL Ratios & Valuation

Income StatementBalance SheetCash FlowRatiosSegments
QuarterlyAnnualTTM
YoY
SimplifiedDetailed
FY'25FY'24FY'23FY'22
Profitability
Operating margin34.6%+0.9pp33.6%+1.1pp32.6%+29.2pp3.4%+122pp
Net margin23.4%+2.7pp20.6%+1.1pp19.5%+30.0pp-10.5%+115pp
EBITDA margin54.7%+0.8pp53.9%+1.2pp52.7%+22.3pp30.4%+86.2pp
Returns
Return on equity110.8%-11.1pp122%-34.9pp156.9%+232pp-74.7%+187pp
Return on assets18.2%+2.3pp15.9%+1.6pp14.3%+19.0pp-4.8%+23.7pp
Return on invested capital44.5%+2.2pp42.3%+1.5pp40.7%+36.7pp4%+64.4pp
Efficiency
Asset turnover3.1×0.0×3.1×+0.2×2.9×+0.7×2.2×+1.1×
Liquidity
Current ratio2.8×-0.3×3.1×-0.4×3.5×-0.6×4.1×-0.9×
Quick ratio2.8×-0.3×3.1×-0.4×3.5×-0.6×4.1×-0.9×
Cash ratio1.2×-0.4×1.6×+0.2×1.3×-1.1×2.5×-1.8×
Leverage
Debt-to-equity9.1×-2.5×11.6×-6.1×17.7×-15.4×33.1×+3.3×
Debt-to-assets1.6×-0.1×1.7×-0.3×2×-0.2×2.2×-0.1×
Net debt / EBITDA11.6×+0.1×11.5×-4.6×16.1×-20.0×36.1×—
Interest coverage13.9×+3.3×10.6×+1.8×8.8×+7.6×1.1×+12.6×
Valuation
Market capitalization$115.85B+40.6%$82.39B+37.5%$59.92B+20.6%$49.69B-23.8%
Enterprise value$208.45B+23.3%$169.02B+0.1%$168.86B+16.5%$144.92B-0.4%
Price / earnings34.3×+6.0×28.2×+3.9×24.3×———
Price / sales2×+0.5×1.5×+0.3×1.2×-0.2×1.4×-2.9×
Price / book8.3×+0.9×7.4×-0.1×7.5×-3.5×11.1×-1.6×
EV / EBITDA26.3×+3.9×22.4×-2.6×25×-32.1×57.1×—
EV / sales3.6×+0.6×3×-0.3×3.3×-0.6×3.9×-5.4×
Earnings yield48.8%-11.2pp60.1%-7.9pp68%+92.7pp-24.7%+78.7pp
PEG ratio2.9×———————

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.