United Airlines Holdings, Inc. financials

  1. Home
  2. Company Facts
  3. UAL
UAL CIK 0000100517

Source: EDGAR filings · raw companyfacts JSON · Built 2026-04-25T10:19:43Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 2.56B 3.83B -260.00M 1.25B -40.00M -5.86B
EBITDA 7.65B 8.02B 6.88B 4.79B 1.46B -3.87B
Working Capital -9.28B -4.43B -3.72B 66.00M 3.53B 2.08B
Net Debt 21.85B 21.41B 28.36B 29.27B 21.08B 21.48B
Operating Margin 7.98% 8.93% 7.84% 5.20% -4.15% -41.41%
Net Margin 5.68% 5.52% 4.87% 1.64% -7.97% -46.04%
Return on Equity (ROE) 21.94% 24.84% 28.08% 10.69% -39.05% -118.61%
Return on Assets (ROA) 4.39% 4.25% 3.68% 1.09% -2.88% -11.87%
Current Ratio 0.645 0.8099 0.8326 1.0033 1.1929 1.1631
Debt-to-Equity 1.8183 2.3811 3.6912 5.2832 7.8278 5.4951
Effective Tax Rate 22.13% 24.45% 22.70% 25.56% 23.19% 19.87%
Cash Conversion Ratio 2.5145 2.9994 2.6398 8.2307 -1.0524 0.5847
Accruals Ratio -0.0664 -0.085 -0.0604 -0.0791 -0.0591 -0.0493
SBC % of Revenue 0.25% 0.25% 0.15% 0.20% 0.97% 0.70%
CapEx Coverage 1.4353 1.6821 0.9637 1.2588 0.981 -2.3932
Free Cash Flow Per Share $7.78 $11.49 $-0.78 $3.78 $-0.12 $-20.97

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 10.9627 10.2751 5.2294 16.9058 — —
P/FCF 14.3655 8.4474 — 9.9799 — —
FCF Yield 6.96% 11.84% — 10.02% — —
EV / EBITDA 7.5819 6.6363 6.0873 8.6777 24.1008 —
P/S 0.6123 0.558 0.252 0.2742 0.5755 0.8784
P/B 2.3669 2.512 1.4515 1.7873 2.8189 2.263

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax 59.07B 57.06B 53.72B 44.95B 24.63B 15.36B
Operating Income (Loss) 4.71B 5.10B 4.21B 2.34B -1.02B -6.36B
Income Tax Expense (Benefit) 953.00M 1.02B 769.00M 253.00M -593.00M -1.75B
Net Income (Loss) Attributable to Parent 3.35B 3.15B 2.62B 737.00M -1.96B -7.07B
Earnings Per Share, Basic $10.32 $9.58 $7.98 $2.26 $-6.10 $-25.30
Weighted Average Number of Shares Outstanding, Basic 324.90M 328.60M 327.80M 326.40M 321.90M 279.40M
Earnings Per Share, Diluted $10.20 $9.45 $7.89 $2.23 $-6.10 $-25.30
Weighted Average Number of Shares Outstanding, Diluted 328.50M 333.20M 331.90M 330.10M 321.90M 279.40M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 5.94B 8.77B 6.06B 7.17B 18.28B 11.27B
Assets, Current 16.86B 18.88B 18.49B 20.06B 21.83B 14.80B
Assets 76.45B 74.08B 71.10B 67.36B 68.17B 59.55B
Liabilities, Current 26.13B 23.31B 22.20B 19.99B 18.30B 12.72B
Long-term Debt, Excluding Current Maturities 17.17B 21.68B 25.06B 28.28B 30.36B 24.84B
Stockholders' Equity Attributable to Parent 15.28B 12.68B 9.32B 6.90B 5.03B 5.96B
Common Stock, Shares, Outstanding 323.47M 327.90M 328.02M 326.93M 323.81M 311.85M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 8.43B 9.45B 6.91B 6.07B 2.07B -4.13B
Net Cash Provided by (Used in) Investing Activities -6.35B -2.65B -6.11B -13.83B -1.67B 50.00M
Payments for Repurchase of Common Stock 637.00M 162.00M 0 0 0 353.00M
Net Cash Provided by (Used in) Financing Activities -4.95B -4.18B -1.89B -3.35B 6.40B 12.96B

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

Income Statement

21 concepts 3 units
Unit US$ · 17 concepts
Label Value Period
Interest Costs Capitalized Adjustment 54.00M 2026-01-01 → 2026-03-31
Revenue from Contract with Customer, Excluding Assessed Tax 14.61B 2026-01-01 → 2026-03-31
Fuel Costs 3.04B 2026-01-01 → 2026-03-31
Costs and Expenses 13.61B 2026-01-01 → 2026-03-31
Restructuring, Settlement and Impairment Provisions -389.00M 2026-01-01 → 2026-03-31
Other Cost and Expense, Operating 2.54B 2026-01-01 → 2026-03-31
Selling Expense 522.00M 2026-01-01 → 2026-03-31
Labor and Related Expense 4.56B 2026-01-01 → 2026-03-31
Operating Income (Loss) 997.00M 2026-01-01 → 2026-03-31
Investment Income, Interest 135.00M 2026-01-01 → 2026-03-31
Other Nonoperating Income (Expense) 24.00M 2026-01-01 → 2026-03-31
Nonoperating Income (Expense) -127.00M 2026-01-01 → 2026-03-31
InterestExpenseNonoperating 327.00M 2026-01-01 → 2026-03-31
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 870.00M 2026-01-01 → 2026-03-31
Income Tax Expense (Benefit) 172.00M 2026-01-01 → 2026-03-31
Net Income (Loss) Attributable to Parent 699.00M 2026-01-01 → 2026-03-31
Net Income (Loss) Available to Common Stockholders, Basic 699.00M 2026-01-01 → 2026-03-31
Unit shares · 2 concepts
Label Value Period
Weighted Average Number of Shares Outstanding, Basic 323.90M 2026-01-01 → 2026-03-31
Weighted Average Number of Shares Outstanding, Diluted 326.80M 2026-01-01 → 2026-03-31
Unit US$ / share · 2 concepts
Label Value Period
Earnings Per Share, Basic $2.16 2026-01-01 → 2026-03-31
Earnings Per Share, Diluted $2.14 2026-01-01 → 2026-03-31

Comprehensive Income

3 concepts 1 unit
Unit US$ · 3 concepts
Label Value Period
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax 14.00M 2026-01-01 → 2026-03-31
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 674.00M 2026-01-01 → 2026-03-31
Other Comprehensive Income (Loss), Net of Tax -25.00M 2026-01-01 → 2026-03-31

Balance Sheet

37 concepts 3 units
Unit US$ · 33 concepts
Label Value Period
Cash and Cash Equivalents, at Carrying Value 7.87B as of 2026-03-31
Restricted Cash, Current 0 as of 2026-03-31
Short-term Investments 6.30B as of 2026-03-31
Receivables, Net, Current 2.66B as of 2026-03-31
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss 54.00M as of 2026-03-31
Assets, Current 19.39B as of 2026-03-31
Operating Lease, Right-of-Use Asset 5.74B as of 2026-03-31
Property, Plant and Equipment, Net 47.07B as of 2026-03-31
Equity Method Investments 324.00M as of 2026-03-31
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLossNoncurrent 1.56B as of 2026-03-31
Goodwill 4.53B as of 2026-03-31
Intangible Assets, Net (Excluding Goodwill) 2.65B as of 2026-03-31
Restricted Cash, Noncurrent 142.00M as of 2026-03-31
Assets, Noncurrent 61.55B as of 2026-03-31
Assets 80.94B as of 2026-03-31
Accounts Payable, Current 5.38B as of 2026-03-31
Employee-related Liabilities, Current 3.07B as of 2026-03-31
Long-term Debt and Lease Obligation, Current 2.25B as of 2026-03-31
Other Liabilities, Current 830.00M as of 2026-03-31
Liabilities, Current 27.78B as of 2026-03-31
Long-term Debt and Lease Obligation 21.94B as of 2026-03-31
Deferred Income Tax Liabilities, Net 2.62B as of 2026-03-31
Other Liabilities, Noncurrent 1.52B as of 2026-03-31
Operating Lease, Liability, Noncurrent 6.03B as of 2026-03-31
Liabilities, Noncurrent 37.28B as of 2026-03-31
Preferred Stock, Value, Issued 0 as of 2026-03-31
Common Stock, Value, Issued 4.00M as of 2026-03-31
Additional Paid in Capital, Common Stock 8.84B as of 2026-03-31
Treasury Stock, Common, Value 3.72B as of 2026-03-31
Accumulated Other Comprehensive Income (Loss), Net of Tax 23.00M as of 2026-03-31
Retained Earnings (Accumulated Deficit) 10.73B as of 2026-03-31
Stockholders' Equity Attributable to Parent 15.88B as of 2026-03-31
Liabilities and Equity 80.94B as of 2026-03-31
Unit shares · 3 concepts
Label Value Period
Common Stock, Shares Authorized 1.00B as of 2026-03-31
Common Stock, Shares, Issued 324.60M as of 2026-03-31
Common Stock, Shares, Outstanding 324.60M as of 2026-03-31
Unit US$ / share · 1 concept
Label Value Period
Common Stock, Par or Stated Value Per Share $0.01 as of 2026-03-31

Cash Flow Statement

16 concepts 1 unit
Unit US$ · 16 concepts
Label Value Period
Depreciation, Depletion and Amortization 756.00M 2026-01-01 → 2026-03-31
Payments to Acquire Short-term Investments 2.36B 2026-01-01 → 2026-03-31
Other Significant Noncash Transaction, Value of Consideration Received 50.00M 2026-01-01 → 2026-03-31
Unrealized Gain (Loss) on Investments -13.00M 2026-01-01 → 2026-03-31
Net Cash Provided by (Used in) Operating Activities 4.80B 2026-01-01 → 2026-03-31
Payments to Acquire Productive Assets 1.67B 2026-01-01 → 2026-03-31
Proceeds from Sale of Property, Plant, and Equipment 9.00M 2026-01-01 → 2026-03-31
Proceeds from Sale, Maturity and Collection of Investments 2.27B 2026-01-01 → 2026-03-31
Payments for (Proceeds from) Other Investing Activities 144.00M 2026-01-01 → 2026-03-31
Net Cash Provided by (Used in) Investing Activities -1.89B 2026-01-01 → 2026-03-31
Repayments of Long-term Debt 3.09B 2026-01-01 → 2026-03-31
Payments for Repurchase of Common Stock 27.00M 2026-01-01 → 2026-03-31
Proceeds from (Payments for) Other Financing Activities -90.00M 2026-01-01 → 2026-03-31
Net Cash Provided by (Used in) Financing Activities -976.00M 2026-01-01 → 2026-03-31
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 1.93B 2026-01-01 → 2026-03-31
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 8.01B as of 2026-03-31

Notes

23 concepts 4 units
Unit US$ · 18 concepts
Label Value Period
Operating Lease, Liability, Current 748.00M as of 2026-03-31
Prepaid Expense and Other Assets, Current 847.00M as of 2026-03-31
Landing Fees and Other Rentals 948.00M 2026-01-01 → 2026-03-31
Aircraft Rental 83.00M 2026-01-01 → 2026-03-31
Aircraft Maintenance, Materials, and Repairs 854.00M 2026-01-01 → 2026-03-31
Airline, Capacity Purchase Arrangements 692.00M 2026-01-01 → 2026-03-31
Airline Related Inventory, Net 1.72B as of 2026-03-31
Liability, Retirement and Postemployment Benefits 1.08B as of 2026-03-31
Treasury Stock, Value, Acquired, Cost Method 27.00M 2026-01-01 → 2026-03-31
Stock Repurchase Program, Remaining Authorized Repurchase Amount 755.00M as of 2026-03-31
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 902.00M 2026-01-01 → 2026-03-31
AOCI Tax, Attributable to Parent 372.00M as of 2026-03-31
OCI, before Reclassifications, Net of Tax, Attributable to Parent -9.00M 2026-01-01 → 2026-03-31
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent 16.00M 2026-01-01 → 2026-03-31
Other Comprehensive Income (Loss) before Reclassifications, Tax -3.00M 2026-01-01 → 2026-03-31
Reclassification from AOCI, Current Period, Tax 4.00M 2026-01-01 → 2026-03-31
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net 131.00M as of 2026-03-31
APIC, Share-based Payment Arrangement, Increase for Cost Recognition 36.00M 2026-01-01 → 2026-03-31
Unit shares · 3 concepts
Label Value Period
Treasury Stock, Shares, Acquired 300,000 2026-01-01 → 2026-03-31
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements 2.90M 2026-01-01 → 2026-03-31
Incremental Common Shares Attributable to Dilutive Effect of Call Options and Warrants 0 2026-01-01 → 2026-03-31
Unit pure · 1 concept
Label Value Period
Effective Income Tax Rate Reconciliation, Percent 0.197 2026-01-01 → 2026-03-31
Unit segment · 1 concept
Label Value Period
Number of Operating Segments 1 2026-01-01 → 2026-03-31

Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (UAL CIK 0000100517), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.