United Airlines Holdings UAL Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Operating margin | 33.3%-2.1pp | 34.6%+0.9pp | 35.5%+3.0pp | 35.5%+2.4pp | 35.4%+2.4pp | |
| Net margin | 23.1%+1.0pp | 23.4%+2.7pp | 23.2%+3.2pp | 22.5%+2.0pp | 22.1%+1.6pp | |
| Returns | ||||||
| Return on equity | 103%-18.7pp | 110.8%-11.1pp | 115.5%-10.2pp | 117.1%-22.9pp | 121.7%-31.8pp | |
| Return on invested capital | 42.7%-2.0pp | 44.5%+2.2pp | 44.9%+4.6pp | 44.8%+4.0pp | 44.7%+3.8pp | |
| Efficiency | ||||||
| Asset turnover | 3.1×0.0× | 3.1×0.0× | 3.1×0.0× | 3.1×+0.1× | 3.1×+0.1× | |
| Liquidity | ||||||
| Current ratio | 2.7×-0.5× | 2.8×-0.3× | 3×-0.2× | 3.1×-0.2× | 3.2×-0.2× | |
| Leverage | ||||||
| Debt-to-equity | 8.4×-2.2× | 9.1×-2.5× | 9.6×-3.3× | 10.1×-4.1× | 10.6×-5.2× | |
| Net debt / EBITDA | 11.8×+0.8× | 11.6×+0.1× | 11.4×-1.6× | 11.2×-2.7× | 10.9×-4.0× | |
| Valuation | ||||||
| Market capitalization | $123.03B+37.8% | $115.85B+40.6% | $111.58B+74.4% | $99.11B+67.7% | $89.27B+46.1% | |
| Price / earnings | 36.2×+7.7× | 34.3×+6.0× | 33.6×+10.4× | 30.9×+9.6× | 28.5×+5.9× | |
| Price / sales | 2.1×+0.5× | 2×+0.5× | 1.9×+0.8× | 1.7×+0.6× | 1.6×+0.4× | |
| Price / book | 8.4×+0.9× | 8.3×+0.9× | 8.4×+2.1× | 7.9×+1.6× | 7.5×+0.4× | |
| EV / EBITDA | 27.5×+5.3× | 26.3×+3.9× | 25.3×+3.5× | 23.6×+1.5× | 22.2×-1.5× |
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.
