United Airlines (UAL) Financials: Revenue & Earnings
UAL$103.71-1.00 -0.96%
$33.69B
Market Cap
9.21
P/E
14.41
Forward P/E
47
Score
United Airlines (UAL) Financials: Revenue & Earnings
UAL price $103.71 -1.00 -0.96%
- Ticker
- UAL
- Price
- $103.71
- Change
- -1.00 -0.96%
- Market cap ?
- $33.69B
- P/E ?
- 9.21
- Forward P/E ?
- 14.41
- Dividend yield ?
- 0.00%
- Beta ?
- 1.30
- Sector
- Industrials
- Industry
- Airlines, Airports & Air Services
- Stocklytics score
- 47
- Value
- 58
- Quality
- 26
- Growth
- 57
Stocklytics score rationale: value 58, quality 26, growth 57.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 36556000000 | 37784000000 | 41303000000 | 43259000000 | 15355000000 | 24634000000 | 44955000000 | 53717000000 | 57063000000 | 59070000000 |
United Airlines Holdings, Inc., through its various subsidiaries, delivers air travel solutions on a global scale. Its vast network extends across North America, Europe, Asia, Africa, the Pacific, the Middle East, and Latin America, facilitating the movement of both passengers and freight. The company operates these services using a combination of its primary and regional aircraft fleets. Beyond its core…
Fair value
UAL fair value $144.22. Price $103.71. Price is 28% below fair value.
Below fair value, and cheaper than usual. A larger discount than on 90% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 2.04B. Growth 20.00%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 11.47% (beta 1.3). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 324.89M. Net debt 25.09B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the stock's own 10-year median P/E, kept between 8 and 40. Fewer than five years of history uses the sector's typical P/E. Fair value is the average of the cash-flow value and the earnings value when both exist. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2027-01-19 | — | 1.32 | — | 18.60B |
| 2026-10-20 | 2.54 | 2.57 | 17.90B | 17.89B |
| 2026-07-15 | 1.99 | 1.88 | 17.67B | 17.62B |
| 2026-04-21 | 1.19 | 1.08 | 14.61B | 14.39B |
| 2026-01-20 | 3.10 | 2.93 | 15.40B | 15.37B |
| 2025-10-15 | 2.78 | 2.65 | 15.22B | 15.33B |
| 2025-07-16 | 3.87 | 3.81 | 15.24B | 15.36B |
| 2025-04-15 | 0.91 | 0.75 | 13.21B | 13.23B |
| 2025-01-21 | 3.26 | 2.89 | 14.70B | 14.41B |
| 2024-10-15 | 3.33 | 3.17 | 14.84B | 14.77B |
| 2024-07-17 | 4.14 | 3.93 | 14.99B | 15.04B |
| 2024-04-16 | -0.15 | -0.54 | 12.54B | 12.45B |
| 2024-01-22 | 2.00 | 1.69 | 13.63B | 13.54B |
| 2023-10-17 | 3.65 | 3.35 | 14.48B | 13.55B |
| 2023-07-19 | 5.03 | 3.99 | 14.18B | 14.11B |
| 2023-04-18 | -0.63 | -0.73 | 11.43B | 11.42B |
| 2023-01-17 | 2.46 | 2.10 | 12.40B | 12.23B |
| 2022-10-18 | 2.81 | 2.28 | 12.88B | 12.74B |
| 2022-07-20 | 1.43 | 1.86 | 12.11B | 12.12B |
| 2022-04-20 | -4.24 | -4.19 | 7.57B | 7.67B |
| 2022-01-19 | -1.60 | -2.23 | 8.19B | 7.48B |
| 2021-10-19 | -1.02 | -1.65 | 7.75B | 8.56B |
| 2021-07-20 | -3.91 | -4.17 | 5.47B | 8.57B |
| 2021-04-19 | -7.50 | -6.97 | 3.22B | 3.29B |
| 2021-01-20 | -7.00 | -6.56 | 3.41B | 3.23B |
| 2020-10-14 | -8.16 | -7.63 | 2.49B | 54.44M |
| 2020-07-21 | -9.31 | -9.13 | 1.48B | 1.43B |
| 2020-04-30 | -2.57 | -3.25 | 7.98B | 10.77B |
| 2020-01-21 | 2.67 | 2.65 | 10.89B | 10.81B |
| 2019-10-15 | 4.07 | 3.97 | 11.38B | 11.10B |
| 2019-07-16 | 4.21 | 4.09 | 11.40B | 11.08B |
| 2019-04-16 | 1.15 | 0.95 | 9.59B | 7.92B |
| 2019-01-15 | 2.41 | 1.86 | 10.49B | 8.88B |
| 2018-10-16 | 3.06 | 3.07 | 11.00B | 11.04B |
| 2018-07-17 | 3.23 | 3.07 | 10.78B | 10.24B |
| 2018-04-17 | 0.50 | 0.43 | 9.03B | 7.95B |
| 2018-01-23 | 1.40 | 1.34 | 9.44B | 9.05B |
| 2017-10-18 | 2.22 | 2.16 | 9.90B | 9.63B |
| 2017-07-18 | 2.75 | 2.67 | 10.01B | 9.72B |
| 2017-04-17 | 0.40 | 0.37 | 8.43B | 7.81B |
Dividends
Yield 0.00%. Payout ratio 0.00%. Frequency Special.
Safety score 43/100 · Watch. Payout ratio is 0% of earnings. Free-cash-flow coverage is not available, so this part stays neutral. Dividend history is short. There is no dividend yield.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| 2008-01-07 | $2.15 | 2008-01-09 | 2008-01-23 | Special |
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-09-30 | BREWER ROSALIND G | Buy | 157 | — | — |
| 2026-09-30 | SHAPIRO EDWARD | Buy | 358 | — | — |
| 2026-09-30 | Friend Matthew | Buy | 347 | — | — |
| 2026-09-30 | Ward Laysha | Buy | 347 | — | — |
| 2026-09-30 | ISAACSON WALTER | Buy | 358 | — | — |
| 2026-08-25 | Nocella Andrew P | Sell | 5.00K | $117.00 | 585.00K |
| 2026-08-19 | SHAPIRO EDWARD | Sell | 50.00K | — | — |
| 2026-08-04 | Nocella Andrew P | Sell | 3.00K | $132.30 | 396.90K |
| 2026-08-03 | Leskinen Michael D. | Sell | 10.00K | $128.19 | 1.28M |
| 2026-07-28 | Nocella Andrew P | Sell | 4.20K | $120.48 | 506.02K |
| 2026-07-28 | Hart Brett J | Sell | 30.11K | $120.72 | 3.63M |
| 2026-07-28 | Hart Brett J | Sell | 7.46K | — | — |
| 2026-07-28 | Gebo Kate | Sell | 4.97K | — | — |
| 2026-07-28 | Gebo Kate | Buy | 4.97K | — | — |
| 2026-07-27 | Hart Brett J | Buy | 21.52K | $77.56 | 1.67M |
| 2026-07-27 | Hart Brett J | Sell | 17.25K | $120.57 | 2.08M |
| 2026-07-27 | Hart Brett J | Sell | 21.52K | $77.56 | 1.67M |
| 2026-07-25 | Enqvist Torbjorn J | Buy | 24.97K | — | — |
| 2026-07-25 | Enqvist Torbjorn J | Sell | 9.82K | $118.27 | 1.16M |
| 2026-07-25 | Nocella Andrew P | Buy | 21.40K | — | — |
| 2026-07-25 | Nocella Andrew P | Sell | 9.59K | $118.27 | 1.13M |
| 2026-07-25 | Leskinen Michael D. | Buy | 17.84K | — | — |
| 2026-07-25 | Leskinen Michael D. | Sell | 7.90K | $118.27 | 934.45K |
| 2026-07-25 | Hart Brett J | Buy | 46.38K | — | — |
| 2026-07-25 | Hart Brett J | Sell | 20.54K | $118.27 | 2.43M |
| 2026-07-25 | Gebo Kate | Buy | 17.84K | — | — |
| 2026-07-25 | Gebo Kate | Sell | 7.90K | $118.27 | 934.45K |
| 2026-07-25 | KIRBY J SCOTT | Buy | 71.35K | — | — |
| 2026-07-25 | KIRBY J SCOTT | Sell | 28.08K | $118.27 | 3.32M |
| 2026-07-24 | Enqvist Torbjorn J | Sell | 20.00K | $119.91 | 2.40M |
| 2026-07-21 | KIRBY J SCOTT | Buy | 159.32K | $58.69 | 9.35M |
| 2026-07-21 | KIRBY J SCOTT | Sell | 159.32K | $118.05 | 18.81M |
| 2026-07-21 | KIRBY J SCOTT | Sell | 159.32K | $58.69 | 9.35M |
| 2026-06-30 | Friend Matthew | Buy | 283 | — | — |
| 2026-06-30 | SHAPIRO EDWARD | Buy | 292 | — | — |
| 2026-06-30 | ISAACSON WALTER | Buy | 292 | — | — |
| 2026-06-30 | BREWER ROSALIND G | Buy | 128 | — | — |
| 2026-06-30 | Ward Laysha | Buy | 283 | — | — |
| 2026-06-16 | KIRBY J SCOTT | Sell | 1.08K | $120.74 | 130.15K |
| 2026-06-15 | KIRBY J SCOTT | Sell | 48.30K | $121.30 | 5.86M |
| 2026-05-27 | Gebo Kate | Sell | 3.66K | — | — |
| 2026-05-27 | Gebo Kate | Buy | 3.66K | — | — |
| 2026-05-26 | Gebo Kate | Sell | 34.67K | $105.41 | 3.65M |
| 2026-05-26 | Gebo Kate | Sell | 5.33K | $105.51 | 562.47K |
| 2026-05-22 | Whitehurst James M | Buy | 2.41K | — | — |
| 2026-05-22 | Whitehurst James M | Sell | 1.21K | $100.26 | 120.81K |
| 2026-05-22 | Whitehurst James M | Sell | 2.41K | — | — |
| 2026-05-20 | Ward Laysha | Buy | 2.13K | — | — |
| 2026-05-20 | Harford Barney | Buy | 2.13K | — | — |
| 2026-05-20 | HOOPER MICHELE J | Buy | 2.13K | — | — |
| 2026-05-20 | Freyre Michelle | Buy | 2.13K | — | — |
| 2026-05-20 | Whitehurst James M | Buy | 2.13K | — | — |
| 2026-05-20 | ISAACSON WALTER | Buy | 2.13K | — | — |
| 2026-05-20 | BREWER ROSALIND G | Buy | 2.13K | — | — |
| 2026-05-20 | SHAPIRO EDWARD | Buy | 2.13K | — | — |
| 2026-05-20 | Friend Matthew | Buy | 2.13K | — | — |
| 2026-05-20 | PHILIP EDWARD M | Buy | 2.40K | — | — |
| 2026-05-20 | PHILIP EDWARD M | Buy | 2.13K | — | — |
| 2026-05-01 | Nocella Andrew P | Sell | 7.00K | $90.19 | 631.33K |
| 2026-03-31 | BREWER ROSALIND G | Buy | 195 | — | — |
| 2026-03-31 | Friend Matthew | Buy | 433 | — | — |
| 2026-03-31 | Ward Laysha | Buy | 433 | — | — |
| 2026-03-31 | SHAPIRO EDWARD | Buy | 447 | — | — |
| 2026-03-31 | ISAACSON WALTER | Buy | 447 | — | — |
| 2026-03-04 | Enqvist Torbjorn J | Buy | 26.27K | — | — |
| 2026-03-04 | Nocella Andrew P | Buy | 23.01K | — | — |
| 2026-03-04 | Leskinen Michael D. | Buy | 20.50K | — | — |
| 2026-03-04 | Gebo Kate | Buy | 18.10K | — | — |
| 2026-03-04 | Gebo Kate | Buy | 3.96K | — | — |
| 2026-03-04 | Bokemeier Brigitte | Buy | 1.89K | — | — |
| 2026-02-28 | Hart Brett J | Buy | 18.21K | — | — |
| 2026-02-28 | Hart Brett J | Buy | 31.14K | — | — |
| 2026-02-28 | Hart Brett J | Sell | 35.14K | $106.30 | 3.74M |
| 2026-02-28 | Hart Brett J | Buy | 29.97K | — | — |
| 2026-02-28 | Hart Brett J | Sell | 18.21K | — | — |
| 2026-02-28 | Hart Brett J | Sell | 31.14K | — | — |
| 2026-02-28 | Hart Brett J | Sell | 29.97K | — | — |
| 2026-02-28 | Bokemeier Brigitte | Buy | 652 | — | — |
| 2026-02-28 | Bokemeier Brigitte | Buy | 718 | — | — |
| 2026-02-28 | Bokemeier Brigitte | Sell | 664 | $106.30 | 70.58K |
| 2026-02-28 | Bokemeier Brigitte | Buy | 412 | — | — |
| 2026-02-28 | Bokemeier Brigitte | Buy | 363 | — | — |
| 2026-02-28 | Bokemeier Brigitte | Sell | 652 | — | — |
| 2026-02-28 | Bokemeier Brigitte | Sell | 718 | — | — |
| 2026-02-28 | Bokemeier Brigitte | Sell | 412 | — | — |
| 2026-02-28 | Bokemeier Brigitte | Sell | 363 | — | — |
| 2026-02-28 | Gebo Kate | Buy | 6.10K | — | — |
| 2026-02-28 | Gebo Kate | Buy | 11.85K | — | — |
| 2026-02-28 | Gebo Kate | Sell | 13.30K | $106.30 | 1.41M |
| 2026-02-28 | Gebo Kate | Buy | 12.07K | — | — |
| 2026-02-28 | Gebo Kate | Buy | 1.37K | — | — |
| 2026-02-28 | Gebo Kate | Buy | 1.86K | — | — |
| 2026-02-28 | Gebo Kate | Sell | 2.03K | $106.30 | 216.00K |
| 2026-02-28 | Gebo Kate | Buy | 1.89K | — | — |
| 2026-02-28 | Gebo Kate | Sell | 6.10K | — | — |
| 2026-02-28 | Gebo Kate | Sell | 11.85K | — | — |
| 2026-02-28 | Gebo Kate | Sell | 1.37K | — | — |
| 2026-02-28 | Gebo Kate | Sell | 1.86K | — | — |
| 2026-02-28 | Gebo Kate | Sell | 1.89K | — | — |
| 2026-02-28 | Nocella Andrew P | Buy | 7.18K | — | — |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 1.14K, holders +76 vs prior quarter. Ownership 89.57%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| BLACKROCK, INC. | 22.44M | 21.61M | +2625.14% | 3.05B |
| VANGUARD CAPITAL MANAGEMENT LLC | 21.01M | 22.85K | +0.11% | 2.86B |
| FMR LLC | 19.47M | 2.45M | +14.41% | 2.65B |
| PRIMECAP MANAGEMENT CO/CA/ | 16.46M | 711.02K | +4.51% | 2.24B |
| SANDERS CAPITAL, LLC | 15.03M | -176.60K | -1.16% | 2.04B |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 14.16M | 94.97K | +0.68% | 1.93B |
| STATE STREET CORP | 11.79M | 162.28K | +1.40% | 1.60B |
| CAPITAL WORLD INVESTORS | 11.35M | 241.13K | +2.17% | 1.54B |
| GEODE CAPITAL MANAGEMENT, LLC | 9.54M | 232.23K | +2.50% | 1.31B |
| JANE STREET GROUP, LLC | 8.03M | 7.32M | +1040.26% | 1.09B |
| CAPITAL INTERNATIONAL INVESTORS | 6.25M | -191.23K | -2.97% | 849.57M |
| DIMENSIONAL FUND ADVISORS LP | 5.39M | -278.56K | -4.92% | 732.44M |
| PAR CAPITAL MANAGEMENT INC | 5.36M | 362.89K | +7.26% | 728.87M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 4.54M | 3.89M | +601.44% | 617.20M |
| BOSTON PARTNERS | 4.38M | 862.91K | +24.54% | 591.36M |
| CITADEL ADVISORS LLC | 4.33M | 1.17M | +37.13% | 589.01M |
| MORGAN STANLEY | 4.05M | -436.81K | -9.74% | 550.61M |
| JPMORGAN CHASE & CO | 3.62M | 1.44M | +65.93% | 489.44M |
| INVESCO LTD. | 3.48M | -442.56K | -11.28% | 473.47M |
| GOLDMAN SACHS GROUP INC | 3.45M | -1.32M | -27.69% | 468.52M |
| SLATE PATH CAPITAL LP | 3.33M | 212.40K | +6.82% | 452.23M |
| NEWPORT TRUST COMPANY, LLC | 3.14M | -78.01K | -2.42% | 427.26M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 3.01M | 2.36M | +364.47% | 408.69M |
| SRS INVESTMENT MANAGEMENT, LLC | 2.94M | 30.24K | +1.04% | 400.18M |
| CAPITAL RESEARCH GLOBAL INVESTORS | 2.86M | 1.56M | +120.18% | 388.84M |
Earnings and financials
United Airlines Holdings, Inc. (UAL) trades at $103.71, with a market cap of $33.69B and a trailing P/E of 9.21. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 36556000000 | 37784000000 | 41303000000 | 43259000000 | 15355000000 | 24634000000 | 44955000000 | 53717000000 | 57063000000 | 59070000000 |
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