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United Airlines HoldingsUAL

Passenger Airlines · Chicago, Illinois · In the S&P 500
Cheaper than peers
$104.24−0.92%After hours: $104.20 (−0.04%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 8.7% over 1 year
United Airlines Holdings over 1 yearDaily close, $, to 30 Oct 2026
$100$120Nov2026MarMayJulSep$104.24$120NovMarJul$104.24
Source: Nasdaq daily closes
Market value$33.87B
Price to earnings9.5x
Forward P/E14.6x
Dividend yield–
Year to date−6.8%
One year+8.7%
Next earningsNot scheduled
SectorIndustrials
52-week range (closes)
$85.21$136.11

Quality and valuation

How United Airlines Holdings compares with other industrials stocks. A description, not a recommendation.

United Airlines Holdings and 7 passenger airlines peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: weaker than mostValuation: cheaper than most

A weaker business than most industrials companies, priced below most of them.

United Airlines Holdings trades at 14.6 times the next 12 months of expected earnings, against a median of 21.4x for the 89 industrials stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +12.3% vs +8.2%
  • Less profitable (operating margin): 7.5% vs 17.5%
  • Turns less of its sales into cash: 1.7% vs 13.1%
UAL trades at 14.6x forward earnings, below the sector medianForward p/e, Passenger Airlines peers
UAL14.6xLMT20.6xCAT21.6xUNP22.3xRTX26.8xDE32.3xGE35.7xGEV40.8xSector median 21.4xUAL14.6xLMT20.6xCAT21.6xUNP22.3xRTX26.8xDE32.3xGE35.7xGEV40.8xSector median 21.4x
Source: CNBC quotes; Mostly Markets
At 9.5x earnings, UAL is cheaper than its average since Oct 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
6x8x12xAverage 9.9x202520269.5xAverage 9.9x202520269.5x
Source: Nasdaq prices; SEC filings

Financials

From United Airlines Holdings's SEC filings, through the quarter ending 30 Sep 2026. Hover or tap a bar for its value.

Revenue grew 17.4% from a year earlierQuarterly revenue, $bn, latest Q3 ’26
$0bn$5bn$10bn$15bnQ4 ’24Q2 ’25Q4 ’25$17.9bnQ3 ’26$0bn$10bnQ4 ’24Q2 ’25Q4 ’25$17.9bnQ3 ’26
Source: SEC filings
Growth sped up to +17.4% last quarterRevenue growth, year on year, %
0%5%10%15%Q4 ’24Q2 ’25Q4 ’2517.4%Q3 ’260%10%Q4 ’24Q2 ’25Q4 ’2517.4%Q3 ’26
Source: SEC filings
Operating margin was 8.1% last quarterOperating income as a share of revenue, %
0%5%10%Q4 ’24Q2 ’25Q4 ’258.1%Q3 ’260%5%10%Q4 ’24Q2 ’25Q4 ’258.1%Q3 ’26
Source: SEC filings
Free cash flow was $1.1 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
$0bn$2bnQ4 ’24Q2 ’25Q4 ’25−$1.7bnQ3 ’26$0bn$2bnQ4 ’24Q2 ’25Q4 ’25−$1.7bnQ3 ’26
Source: SEC filings
Last 12 monthsUALSector median
Revenue growth+12.3%+8.2%
Operating margin7.5%17.5%
Free cash flow margin1.7%13.1%
Price to earnings9.5x25.8x

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Similar companies

Passenger Airlines, by market value.

CompanyPriceTodayYTDValue
GEGE Aerospace$301.80−3.59%−2.0%$312B
CATCaterpillar$622.75−3.81%+8.7%$286B
RTXRTX$199.80+0.20%+8.9%$270B
GEVGE Vernova$857.87−3.38%+31.3%$227B
DEDeere &$675.48+2.35%+45.1%$182B
UNPUnion Pacific$304.00+0.69%+31.4%$181B
LMTLockheed Martin$636.95−1.03%+31.7%$147B
ETNEaton$369.97−6.03%+16.2%$144B