Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of United Airlines Holdings, Inc.

UAL · Nasdaq · Industrial

Fundamental quality

ATTRACTIVE

77

out of 100

Breakdown by area

I.GrowthEPS growth: 64.3% · Revenue growth: 9.6%
95
II.ProfitabilityNet margin: 6.1% · ROE: 23.1%
69
III.Financial healthNet debt/EBITDA: 1.66x · FCF: 5.3%
68

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its financial strength drags it down the most.

Strengths

  • Strong return on equity (ROE of 23.1%).
  • Growing revenue (9.6% annualized).
  • Growing earnings per share (64.3% annualized).

Risks and weaknesses

  • No clear weaknesses in the recent fundamentals, though the system doesn't assess qualitative factors (competition, regulation, management).

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
2021$24,634M-$1,964M-$40M$15,080M
2022$44,955M$737M$1,247M$24,028M
2023$53,717M$2,618M-$260M$23,017M
2024$57,063M$3,149M$3,830M$15,884M
2025$59,070M$3,353M$2,557M$15,324M

Between 2021 and 2025, revenue went from $24,634M to $59,070M (+140%) and net income went from -$1,964M to $3,353M (+271%).

Annual figures in U.S. dollars per SEC filings. Net debt is total debt minus cash.

Frequently asked questions

Is United Airlines Holdings, Inc. a profitable company?

United Airlines Holdings, Inc. is profitable, with a net margin of 6.1%, though a thin one.

Does United Airlines Holdings, Inc. have a lot of debt?

A moderate level: its net debt is 1.66 times its EBITDA.

Is United Airlines Holdings, Inc. growing?

Its revenue has grown 9.6% annualized in recent years and its earnings per share 64.3%.

Does United Airlines Holdings, Inc. generate cash?

Yes. It converts about 5.3% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Is United Airlines Holdings, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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