UAL - United Airlines Holdings, Inc.

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue Growth YoY (%)	3.5% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-30%)	6.2% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+25%)	19.5% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+290%)	82.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1550%)	60.4% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1109%)	-64.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1390%)	4.7% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-5%)	9.3% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+86%)	3.4% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-33%)	-3.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-169%)	-2.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-153%)	1.6% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-68%)	3.0% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-39%)	0.1% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-98%)	59.1% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1082%)	42.8% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+756%)	-19.1% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-482%)	—	—
EPS Growth YoY (%)	7.7% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	20.1% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	253.1% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	75.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	N/M	51.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	8.8% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	3.2% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	-64.9% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	540.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	86.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	108.2% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	89.9% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	6.5% Fair ↓ Fair Declining Year-over-year change in net income	20.3% Good ↓ Good Declining Year-over-year change in net income	255.2% Excellent Excellent Year-over-year change in net income	N/M	72.2% Excellent ↑ Excellent Improving Year-over-year change in net income	N/M	41.8% Excellent ↑ Excellent Improving Year-over-year change in net income	-1.0% Weak ↓ Weak Declining Year-over-year change in net income	-5.3% Weak ↓ Weak Declining Year-over-year change in net income	-69.2% Weak ↓ Weak Declining Year-over-year change in net income	548.4% Excellent Excellent Year-over-year change in net income	98.2% Excellent Excellent Year-over-year change in net income	N/M	N/M	232.0% Excellent Excellent Year-over-year change in net income	N/M	87.9% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%)	-9.7% Weak ↓ Weak Declining Year-over-year change in free cash flow	36.3% Excellent ↓ Excellent Declining Year-over-year change in free cash flow	13.4% Fair Fair Year-over-year change in free cash flow	189.4% Excellent Excellent Year-over-year change in free cash flow	N/M	N/M	19.3% Good Good Year-over-year change in free cash flow	—	—	—	—	—	46.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-61.4% Weak Weak Year-over-year change in free cash flow	-20.6% Weak Weak Year-over-year change in free cash flow	—	—	—	—
Revenue CAGR 3Y (%)	9.5% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	32.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	51.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	1.3% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-15.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-25.9% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	5.8% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	2.9% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	-1.0% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-1.5% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	0.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	1.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	18.0% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	31.5% Excellent Excellent Compound annual revenue growth over 3 years	22.5% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	30.9% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	5.7% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	5.4% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	3.5% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	-7.6% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-16.5% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	2.1% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	1.5% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	0.3% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-0.3% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	10.2% Good ↓ Good Declining Compound annual revenue growth over 5 years	19.0% Excellent Excellent Compound annual revenue growth over 5 years	13.6% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	65.9% Excellent Excellent Compound annual EPS growth over 3 years	—	—	-42.1% Weak Weak Compound annual EPS growth over 3 years	—	—	19.2% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	-26.7% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	32.4% Excellent → Excellent Stable Compound annual EPS growth over 3 years	61.1% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	—	6.3% Fair Fair Compound annual EPS growth over 3 years	10.4% Good Good Compound annual EPS growth over 3 years	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Operating Margin (%) (%)	8.0% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-34%)	8.9% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-26%)	7.8% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-35%)	5.2% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-57%)	-4.1% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-135%)	-41.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-445%)	9.9% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-17%)	7.8% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-35%)	9.7% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-19%)	11.9% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	13.6% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+14%)	6.1% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-49%)	3.3% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-73%)	0.1% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-99%)	4.9% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-59%)	4.2% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-65%)	-1.0% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-108%)	-22.0% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-283%)	—
Effective Tax Rate (%) (%)	22.1% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.4% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.7% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.6% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.2% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	19.9% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.1% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	19.9% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	29.5% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	40.7% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-74.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.4% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—
Profit Margin (%) (%)	5.7% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-29%)	5.5% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-31%)	4.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-39%)	1.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-80%)	-8.0% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-200%)	-46.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-675%)	7.0% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-13%)	5.1% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-36%)	5.7% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-29%)	6.2% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-23%)	19.4% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+142%)	2.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-64%)	1.5% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-81%)	-1.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-124%)	2.3% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-72%)	1.1% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-86%)	-4.0% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-150%)	-26.7% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-434%)	—
FCF Margin (%) (%)	14.3% Fair → Fair Stable Free cash flow as a percentage of revenue Optimal: > 10%	16.6% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	12.9% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	13.5% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	8.4% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	-26.9% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	16.0% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	14.9% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	3.8% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	2.5% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	6.5% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	8.2% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	5.9% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	-6.1% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	2.51x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	3.00x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	2.64x Excellent → Excellent Stable Free cash flow relative to reported net income Optimal: > 1x	8.23x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-1.05x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.58x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.30x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	2.90x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	2.53x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	-1.29x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.87x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	7.54x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-1.48x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.23x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Return on Invested Capital (%)	11.3% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	11.2% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	9.5% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	4.9% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	-2.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-16.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	13.4% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	11.6% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	12.7% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	13.8% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	48.2% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	19.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	6.7% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	0.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	10.5% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	5.9% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	-3.6% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	151.1% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	6.2% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	6.9% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	5.9% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	3.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-1.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-10.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	8.2% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	6.6% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	8.7% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	10.8% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	12.6% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	6.5% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	3.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	4.8% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	2.5% Weak Weak Operating profit relative to total assets Optimal: > 10%	-0.9% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	21.9% Excellent → Excellent Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+46%)	24.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+66%)	28.1% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+87%)	10.7% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-29%)	-39.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-360%)	-118.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-891%)	26.1% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+74%)	21.1% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+41%)	24.5% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+64%)	26.1% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+74%)	81.9% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+446%)	47.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+215%)	19.1% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+28%)	-150.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1102%)	46.5% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+210%)	14.6% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	23.2% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+54%)	232.5% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+1450%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Debt to Equity (x)	1.12x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+61%)	1.71x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+144%)	2.69x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+284%)	4.10x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+486%)	6.04x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+762%)	4.17x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+495%)	1.14x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+63%)	1.22x Caution → Caution Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+74%)	1.34x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+91%)	1.15x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+64%)	1.08x Caution ↓ Caution Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+54%)	4.15x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+493%)	3.92x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+461%)	25.79x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+3584%)	6.59x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+842%)	6.62x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+846%)	-2.27x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-424%)	—	—
Interest Coverage (x)	3.54x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.41x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	2.28x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.49x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-0.72x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-7.28x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	6.64x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	4.82x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	5.47x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	7.07x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	7.72x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	3.23x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	1.60x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	0.05x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.92x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.22x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-0.28x Weak Weak Operating income divided by interest expense Optimal: > 5x	-7.77x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$11.23B	$12.91B	$19.00B	$21.12B	$12.08B	$13.57B	$10.38B	$10.52B	$10.22B	$7.74B	$6.67B	$7.95B	$8.49B	$7.63B	$5.66B	$3.37B	$3.34B	$-2.04B	$-1.26B
Debt / EBITDA (x)	2.24x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.70x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.64x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.90x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	20.75x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-6.42x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.99x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.78x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.19x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.29x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.87x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	4.19x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	9.37x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	318.05x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.09x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	11.72x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-39.61x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue per Share (USD)	$181.81	$173.65	$163.87	$137.73	$76.53	$54.96	$167.15	$149.92	$124.82	$110.81	$100.68	$104.85	$110.00	$112.24	$112.80	$112.68	—	—	—
Basic EPS, GAAP (USD)	$10.32	$9.58	$7.98	$2.26	$-6.10	$-25.30	$11.63	$7.70	$7.08	$6.86	$19.52	$3.05	$1.64	$-2.18	$2.54	$1.22	$-4.32	$-42.59	—
Free Cash Flow per Share (USD)	$25.95	$28.74	$21.08	$18.58	$6.42	$-14.79	$26.70	$22.37	—	—	—	—	$4.15	$2.82	$7.32	$9.21	—	—	—
Book Value per Share (USD)	$47.24	$38.66	$28.43	$21.09	$15.53	$19.11	$45.90	$37.20	$30.43	$27.52	$24.59	$6.40	$8.24	$1.45	$5.46	$5.27	$-16.77	—	—
Tangible Book Value per Share (USD)	$25.04	$16.67	$6.32	$-1.20	$-7.11	$-4.51	$15.92	$8.74	$2.34	$1.60	$0.84	$-17.12	$-16.49	$-25.98	$-22.57	$-23.52	$-31.42	—	—
Basic Weighted Avg Shares (shares)	324.90M	328.60M	327.80M	326.40M	321.90M	279.40M	258.80M	275.50M	302.70M	329.90M	376.10M	371.00M	348.00M	331.00M	329.00M	207.00M	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Working Capital (USD)	$-9.28B	$-4.43B	$-3.72B	$66.00M	$3.53B	$2.08B	$-6.74B	$-6.75B	$-5.63B	$-4.98B	$-4.59B	$-4.96B	$-3.40B	$-2.77B	$-397.00M	$-600.00M	$-1.37B	—	—
LT Debt (USD)	$17.17B	$21.68B	$25.06B	$28.28B	$30.36B	$24.84B	$13.14B	$12.21B	$11.70B	$9.92B	$9.67B	$9.95B	$11.71B	$12.40B	$11.91B	$11.43B	$6.38B	—	—
Total Equity (USD)	$15.28B	$12.68B	$9.32B	$6.90B	$5.03B	$5.96B	$11.53B	$10.04B	$8.73B	$8.66B	$8.97B	$2.40B	$2.98B	$481.00M	$1.81B	$1.73B	$-2.81B	$-2.32B	$2.61B

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Sales/Revenue/Turnover (USD)	$59.07B	$57.06B	$53.72B	$44.95B	$24.63B	$15.36B	$43.26B	$41.30B	$37.78B	$36.56B	$37.86B	$38.90B	$38.28B	$37.15B	$37.11B	$23.32B	$16.34B	$20.19B	—
Depreciation Expense (USD)	$2.94B	$2.93B	$2.67B	$2.46B	$2.48B	$2.49B	$2.29B	—	—	—	—	—	—	—	$133.00M	—	—	—	—
Net Income, GAAP (USD)	$3.35B	$3.15B	$2.62B	$737.00M	$-1.96B	$-7.07B	$3.01B	$2.12B	$2.14B	$2.26B	$7.34B	$1.13B	$571.00M	$-723.00M	$840.00M	$253.00M	$-651.00M	$-5.40B	—
Operating Cash Flow (USD)	$8.43B	$9.45B	$6.91B	$6.07B	$2.07B	$-4.13B	$6.91B	$6.16B	—	—	—	—	$1.44B	$935.00M	$2.41B	$1.91B	$966.00M	$-1.24B	—

United Airlines Holdings, Inc.

Analytical Summary

19-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Statement lens

Benchmark Lens

Signals

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