Companies / Industrials
UAL
United Airlines Holdings
Passenger Airlines
Passenger AirlinesAnalysis in progress
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Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health51
Growth46
Profitability34
Cash generation39
Balance sheet48
Dilution control88
Key ratios and five-year financials
Latest quarter revenue YoY (2026-09-30)17.4%Revenue growth (FY)3.5%Revenue CAGR (3y)9.5%Gross margin—Operating margin8.0%Net margin5.7%Free cash flow margin4.3%R&D / revenue—Stock comp / revenue0.3%Net debt / operating cash flow1.82xCurrent ratio0.65Diluted share count change-1.4%
| Fiscal year ending | FY 2021-12 | FY 2022-12 | FY 2023-12 | FY 2024-12 | FY 2025-12 |
|---|---|---|---|---|---|
| Revenue | $24.6B | $45.0B | $53.7B | $57.1B | $59.1B |
| Operating income | -$1.0B | $2.3B | $4.2B | $5.1B | $4.7B |
| Net income | -$2.0B | $737M | $2.6B | $3.1B | $3.4B |
| Operating cash flow | $2.1B | $6.1B | $6.9B | $9.4B | $8.4B |
| Capital expenditure | $2.1B | $4.8B | $7.2B | $5.6B | $5.9B |
| Free cash flow | -$40M | $1.2B | -$260M | $3.8B | $2.6B |
| Stock-based comp | $238M | $89M | $80M | $142M | $148M |
| Buybacks | $0 | $0 | $0 | $162M | $637M |
| Cash | $18.3B | $7.2B | $6.1B | $8.8B | $5.9B |
| Total debt | $33.4B | $31.2B | $29.1B | $24.7B | $21.3B |
| Equity | $5.0B | $6.9B | $9.3B | $12.7B | $15.3B |
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