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United Airlines Holdings UAL Ratios & Valuation

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
Returns
Return on equity110.8%-11.1pp122%-34.9pp156.9%+232pp-74.7%+187pp
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×
Leverage
Debt-to-equity9.1×-2.5×11.6×-6.1×17.7×-15.4×33.1×+3.3×
Net debt / EBITDA11.6×+0.1×11.5×-4.6×16.1×-20.0×36.1×
Valuation
Market capitalization$115.85B+40.6%$82.39B+37.5%$59.92B+20.6%$49.69B-23.8%
Price / earnings34.3×+6.0×28.2×+3.9×24.3×
Price / sales+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×

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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.