UNITED AIRLINES HOLDINGS INC (UAL) Stock Fundamental Analysis

NASDAQ:UAL • US9100471096

106.3 USD
-10.13 (-8.7%)
At close: Feb 27, 2026
105.95 USD
-0.35 (-0.33%)
After Hours: 2/27/2026, 8:00:02 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Taking everything into account, UAL scores 5 out of 10 in our fundamental rating. UAL was compared to 22 industry peers in the Passenger Airlines industry. UAL has an excellent profitability rating, but there are concerns on its financial health. UAL scores decently on growth, while it is valued quite cheap. This could make an interesting combination.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • In the past year UAL was profitable.
  • UAL had a positive operating cash flow in the past year.
  • Of the past 5 years UAL 4 years were profitable.
  • In the past 5 years UAL always reported a positive cash flow from operatings.
UAL Yearly Net Income VS EBIT VS OCF VS FCFUAL Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B

1.2 Ratios

  • UAL's Return On Assets of 4.39% is fine compared to the rest of the industry. UAL outperforms 77.27% of its industry peers.
  • UAL's Return On Equity of 21.94% is amongst the best of the industry. UAL outperforms 81.82% of its industry peers.
  • UAL has a Return On Invested Capital of 7.58%. This is in the better half of the industry: UAL outperforms 72.73% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for UAL is significantly below the industry average of 20.65%.
Industry RankSector Rank
ROA 4.39%
ROE 21.94%
ROIC 7.58%
ROA(3y)4.11%
ROA(5y)2.11%
ROE(3y)24.95%
ROE(5y)9.3%
ROIC(3y)7.85%
ROIC(5y)N/A
UAL Yearly ROA, ROE, ROICUAL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -50 -100

1.3 Margins

  • UAL has a Profit Margin of 5.68%. This is in the better half of the industry: UAL outperforms 77.27% of its industry peers.
  • In the last couple of years the Profit Margin of UAL has grown nicely.
  • Looking at the Operating Margin, with a value of 8.42%, UAL is in the better half of the industry, outperforming 72.73% of the companies in the same industry.
  • UAL's Operating Margin has improved in the last couple of years.
  • UAL has a better Gross Margin (63.63%) than 72.73% of its industry peers.
  • UAL's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 8.42%
PM (TTM) 5.68%
GM 63.63%
OM growth 3Y15.17%
OM growth 5YN/A
PM growth 3Y51.28%
PM growth 5YN/A
GM growth 3Y5.21%
GM growth 5Y6.96%
UAL Yearly Profit, Operating, Gross MarginsUAL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40 60

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so UAL is destroying value.
  • UAL has less shares outstanding than it did 1 year ago.
  • UAL has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for UAL has been reduced compared to a year ago.
UAL Yearly Shares OutstandingUAL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
UAL Yearly Total Debt VS Total AssetsUAL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

2.2 Solvency

  • UAL has a debt to FCF ratio of 9.77. This is a negative value and a sign of low solvency as UAL would need 9.77 years to pay back of all of its debts.
  • The Debt to FCF ratio of UAL (9.77) is better than 77.27% of its industry peers.
  • A Debt/Equity ratio of 1.35 is on the high side and indicates that UAL has dependencies on debt financing.
  • With a Debt to Equity ratio value of 1.35, UAL perfoms like the industry average, outperforming 59.09% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.35
Debt/FCF 9.77
Altman-Z N/A
ROIC/WACC0.84
WACC9.02%
UAL Yearly LT Debt VS Equity VS FCFUAL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B

2.3 Liquidity

  • A Current Ratio of 0.65 indicates that UAL may have some problems paying its short term obligations.
  • With a Current ratio value of 0.65, UAL perfoms like the industry average, outperforming 59.09% of the companies in the same industry.
  • UAL has a Quick Ratio of 0.65. This is a bad value and indicates that UAL is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Quick ratio value of 0.59, UAL perfoms like the industry average, outperforming 59.09% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.65
Quick Ratio 0.59
UAL Yearly Current Assets VS Current LiabilitesUAL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. Growth

3.1 Past

  • The Earnings Per Share has been growing slightly by 0.76% over the past year.
  • UAL shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 63.03% yearly.
  • The Revenue has been growing slightly by 3.52% in the past year.
  • The Revenue has been growing by 30.93% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)0.76%
EPS 3Y63.03%
EPS 5YN/A
EPS Q2Q%-4.91%
Revenue 1Y (TTM)3.52%
Revenue growth 3Y9.53%
Revenue growth 5Y30.93%
Sales Q2Q%4.78%

3.2 Future

  • Based on estimates for the next years, UAL will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.01% on average per year.
  • UAL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.68% yearly.
EPS Next Y26.7%
EPS Next 2Y20.23%
EPS Next 3Y17.19%
EPS Next 5Y15.01%
Revenue Next Year8.17%
Revenue Next 2Y7.37%
Revenue Next 3Y6.45%
Revenue Next 5Y4.68%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
UAL Yearly Revenue VS EstimatesUAL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 20B 40B 60B
UAL Yearly EPS VS EstimatesUAL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 10 -10 20 -20

More info and screens

Find the best growth stocksShow best growing peers

8

4. Valuation

4.1 Price/Earnings Ratio

  • UAL is valuated reasonably with a Price/Earnings ratio of 9.97.
  • Compared to the rest of the industry, the Price/Earnings ratio of UAL indicates a rather cheap valuation: UAL is cheaper than 95.45% of the companies listed in the same industry.
  • UAL is valuated cheaply when we compare the Price/Earnings ratio to 27.07, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 7.87, the valuation of UAL can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, UAL is valued cheaper than 90.91% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 28.05. UAL is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 9.97
Fwd PE 7.87
UAL Price Earnings VS Forward Price EarningsUAL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of UAL indicates a somewhat cheap valuation: UAL is cheaper than 77.27% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 13.46
EV/EBITDA N/A
UAL Per share dataUAL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • UAL has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as UAL's earnings are expected to grow with 17.19% in the coming years.
PEG (NY)0.37
PEG (5Y)N/A
EPS Next 2Y20.23%
EPS Next 3Y17.19%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for UAL!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

UNITED AIRLINES HOLDINGS INC

NASDAQ:UAL (2/27/2026, 8:00:02 PM)

After market: 105.95 -0.35 (-0.33%)

106.3

-10.13 (-8.7%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryPassenger Airlines
Earnings (Last)01-20
Earnings (Next)04-13
Inst Owners91.1%
Inst Owner Change0.05%
Ins Owners0.52%
Ins Owner Change0.94%
Market Cap34.41B
Revenue(TTM)59.07B
Net Income(TTM)3.35B
Analysts82
Price Target142.01 (33.59%)
Short Float %3.47%
Short Ratio2.16
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.56%
Min EPS beat(2)4.52%
Max EPS beat(2)4.61%
EPS beat(4)4
Avg EPS beat(4)7.16%
Min EPS beat(4)0.48%
Max EPS beat(4)19.01%
EPS beat(8)8
Avg EPS beat(8)14.83%
EPS beat(12)12
Avg EPS beat(12)15.2%
EPS beat(16)15
Avg EPS beat(16)12.1%
Revenue beat(2)0
Avg Revenue beat(2)-1.33%
Min Revenue beat(2)-1.67%
Max Revenue beat(2)-0.98%
Revenue beat(4)0
Avg Revenue beat(4)-1.43%
Min Revenue beat(4)-1.76%
Max Revenue beat(4)-0.98%
Revenue beat(8)1
Avg Revenue beat(8)-0.94%
Revenue beat(12)2
Avg Revenue beat(12)-0.72%
Revenue beat(16)4
Avg Revenue beat(16)-0.76%
PT rev (1m)5.03%
PT rev (3m)13.08%
EPS NQ rev (1m)0.7%
EPS NQ rev (3m)17.09%
EPS NY rev (1m)1.6%
EPS NY rev (3m)2.82%
Revenue NQ rev (1m)0.08%
Revenue NQ rev (3m)0.15%
Revenue NY rev (1m)0.14%
Revenue NY rev (3m)0.35%
Valuation
Industry RankSector Rank
PE 9.97
Fwd PE 7.87
P/S 0.58
P/FCF 13.46
P/OCF 4.08
P/B 2.25
P/tB 4.25
EV/EBITDA N/A
EPS(TTM)10.66
EY10.03%
EPS(NY)13.51
Fwd EY12.71%
FCF(TTM)7.9
FCFY7.43%
OCF(TTM)26.04
OCFY24.5%
SpS182.46
BVpS47.2
TBVpS25.02
PEG (NY)0.37
PEG (5Y)N/A
Graham Number106.41
Profitability
Industry RankSector Rank
ROA 4.39%
ROE 21.94%
ROCE 9.88%
ROIC 7.58%
ROICexc 10.02%
ROICexgc 12.34%
OM 8.42%
PM (TTM) 5.68%
GM 63.63%
FCFM 4.33%
ROA(3y)4.11%
ROA(5y)2.11%
ROE(3y)24.95%
ROE(5y)9.3%
ROIC(3y)7.85%
ROIC(5y)N/A
ROICexc(3y)10.83%
ROICexc(5y)N/A
ROICexgc(3y)13.53%
ROICexgc(5y)N/A
ROCE(3y)10.23%
ROCE(5y)N/A
ROICexgc growth 3Y15.42%
ROICexgc growth 5YN/A
ROICexc growth 3Y17.73%
ROICexc growth 5YN/A
OM growth 3Y15.17%
OM growth 5YN/A
PM growth 3Y51.28%
PM growth 5YN/A
GM growth 3Y5.21%
GM growth 5Y6.96%
F-Score8
Asset Turnover0.77
Health
Industry RankSector Rank
Debt/Equity 1.35
Debt/FCF 9.77
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 9.94%
Interest Coverage 250
Cash Conversion N/A
Profit Quality 76.26%
Current Ratio 0.65
Quick Ratio 0.59
Altman-Z N/A
F-Score8
WACC9.02%
ROIC/WACC0.84
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)11.04%
Cap/Sales(5y)10.48%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)0.76%
EPS 3Y63.03%
EPS 5YN/A
EPS Q2Q%-4.91%
EPS Next Y26.7%
EPS Next 2Y20.23%
EPS Next 3Y17.19%
EPS Next 5Y15.01%
Revenue 1Y (TTM)3.52%
Revenue growth 3Y9.53%
Revenue growth 5Y30.93%
Sales Q2Q%4.78%
Revenue Next Year8.17%
Revenue Next 2Y7.37%
Revenue Next 3Y6.45%
Revenue Next 5Y4.68%
EBIT growth 1Y-4.55%
EBIT growth 3Y26.14%
EBIT growth 5YN/A
EBIT Next Year85.21%
EBIT Next 3Y30.62%
EBIT Next 5Y19.67%
FCF growth 1Y-33.24%
FCF growth 3Y27.04%
FCF growth 5YN/A
OCF growth 1Y-10.74%
OCF growth 3Y11.6%
OCF growth 5YN/A

UNITED AIRLINES HOLDINGS INC / UAL FAQ

Can you provide the ChartMill fundamental rating for UNITED AIRLINES HOLDINGS INC?

ChartMill assigns a fundamental rating of 5 / 10 to UAL.


What is the valuation status of UNITED AIRLINES HOLDINGS INC (UAL) stock?

ChartMill assigns a valuation rating of 8 / 10 to UNITED AIRLINES HOLDINGS INC (UAL). This can be considered as Undervalued.


Can you provide the profitability details for UNITED AIRLINES HOLDINGS INC?

UNITED AIRLINES HOLDINGS INC (UAL) has a profitability rating of 7 / 10.


Can you provide the financial health for UAL stock?

The financial health rating of UNITED AIRLINES HOLDINGS INC (UAL) is 3 / 10.


What is the earnings growth outlook for UNITED AIRLINES HOLDINGS INC?

The Earnings per Share (EPS) of UNITED AIRLINES HOLDINGS INC (UAL) is expected to grow by 26.7% in the next year.