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UAL

S&P 500
Neutral · 52/100

United Airlines Holdings

Industrials
Passenger Airlines

$118.68

0.3%

Updated Today 7:15 PM ET

Price — Past Year

▲ Up 59.2% over the last 12 months

Price 50-day average 200-day averageSource: Yahoo Finance · refreshed daily
Key Metrics

Market Cap

$38.40B

P/E

10.22x

Forward P/E (est.)

10.01x

ROE

24.9%

Revenue Growth

4.7%

EPS Growth

2.0%

Profit Margin

6.1%

FCF Yield

13.9%

Debt / Equity

1.42x

ROIC

14.0%

Interest Coverage

7.03x

Current Ratio

0.7x

Dividend Yield

Implied Growth (rev. DCF)

2.2%

Rating Score

52/100

Technical Analysis (Educational)
Research

Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what UAL's chart says today, with each tool explained.

Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. UAL trades near $118.68, above its 50-day average ($100.91) and 200-day average ($102.26). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.

Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 54 it is in neutral territory — neither stretched nor washed out.

MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.

Volatility — ATR. Average True Range is the typical daily move. UAL's is $5.39 (~4.5% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.

Support & resistance. Over the last month UAL found buyers near $95.30 (support) and sellers near $124.79 (resistance); its 52-week range is $71.55–$124.79. A decisive break beyond either edge often marks the next move.

Volume. The latest session traded 1.2× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.

Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.

Business Overview
Research

United Airlines Holdings (UAL) is a large-cap company in the Passenger Airlines industry, part of the Industrials sector of the S&P 500, with a market value around $38.40B.

In its latest reported year it generated about $59.07B in revenue and $3.35B in net profit.

Our model rates UAL Neutral (52/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.

Revenue Growth
Research

4Y CAGR

24.4%

Revenue moved from $24.63B in 2021 to $59.07B in 2025, a 24.4% compound annual growth rate. The most recent year was roughly flat (4.7%) year over year. Slower, mature growth is common for established businesses.

Profitability
Research

Gross Margin

63.5%

Operating Margin

8.0%

Net Margin

5.7%

ROE

24.9%

United Airlines Holdings keeps about 6.1% of each sales dollar as net profit, with a 63.5% gross margin and 8.0% operating margin. Return on equity is 24.9% and return on invested capital about 14.0%. Margins are moderate — typical of a competitive but profitable business.

Debt Analysis
Research

Total Debt

$11.49B

Net Debt

$3.62B

Net Debt / EBITDA

0.77x

Debt / Equity

1.42x

Leverage: debt-to-equity is 1.4x, and operating profit covers interest about 7.0x, with a current ratio of 0.7x. That is a moderate, manageable debt load for most businesses. It carries roughly $11.49B of total debt against $7.87B of cash.

Cash Flow Analysis
Research

Operating CF

$8.43B

Free Cash Flow

$2.56B

FCF Margin

4.3%

In the latest year United Airlines Holdings produced about $8.43B of operating cash flow and $2.56B of free cash flow after capital spending. That is a free-cash-flow yield of about 13.9% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.

Valuation Analysis
Research

P/E

10.22x

P/S

0.63x

P/B

2.37x

EV / EBITDA

5.63x

UAL trades at 10.2x trailing earnings (about 10.0x on estimated forward earnings), 0.6x sales, and 2.4x book value. Reverse-engineering today's price implies the market expects roughly 2.2% long-term free-cash-flow growth. That is an undemanding multiple — potentially cheap if the business is stable.

Metrics vs. Typical Range

Where this stock sits versus what most companies trade at.

TTM P/E
10.2xCheap
Forward P/E
10.0xCheap
P/S ratio
0.6xCheap
Revenue growth
4.7%Average
EPS growth
2.0%Weak
Gross margin
63.5%Strong
Net margin
6.1%Weak
ROE
24.9%Strong

Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.

Sector Peer Comparison

How UAL stacks up against its Industrials peers — valuation, profitability, and growth versus the sector median.

In the Industrials sector (80 S&P 500 companies), UAL ranks #38 of 80 by our overall rating. It trades at a discount versus the sector on earnings (10.2x P/E vs. 30x median) with a higher return on equity (24.9% vs. 24.7%) and slower revenue growth (4.7% vs. 5.0%).

P/E vs sector

10.2x

median 30x

ROE vs sector

24.9%

median 24.7%

Growth vs sector

4.7%

median 5.0%

Sector rank

#38

of 80 by rating

CompanyP/ERev Gr.Rating
UALThis stock10.2x4.7%Neutral· 52
DAL12.4x5.2%Favorable· 62
LUV28.8x4.7%Neutral· 50
EME27.8x18.3%Favorable· 66
PAYX21.6x16.4%Favorable· 68
AXON168.7x34.0%Weak· 36
ODFL45.6x-4.8%Neutral· 46
WAB37.9x9.6%Neutral· 48
Industrials median30x5.0%52/100

Valuation vs. quality map

sector medianDALLUVEMEPAYXAXONODFLWABUALP/E — cheaper ←→ pricierROE — more profitable ↑

The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.

Compare side by side

Peers are the closest Industrials companies by sub-industry and size. Sector median is across all 80 S&P 500 names in the sector. Educational, not a recommendation.

5-Year Projection Model

Project revenue → earnings → price. Edit the assumptions to build your own case.

2030 price target (Base Case)

$83.62$139.37

vs. $118.68 today · expected CAGR -7%3%

Metric20262027202820292030
Revenue$62.02B$65.12B$68.38B$71.80B$75.39B
Net income$3.72B$3.91B$4.10B$4.31B$4.52B
EPS$11.47$12.04$12.64$13.27$13.94
Share price (low)$68.79$72.23$75.85$79.64$83.62
Share price (high)$114.66$120.39$126.41$132.73$139.37
CAGR (low–high)-42% / -3%-22% / 1%-14% / 2%-9% / 3%-7% / 3%

Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.

Bull Case

The case for UAL:

  • Strong return on equity (24.9%) shows capital is put to work well.
  • Healthy free-cash-flow yield (~13.9%) funds buybacks and dividends.
Bear Case

The case against UAL:

  • Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Key Risks
Research

Balance-sheet risk — debt/equity of 1.4x magnifies the impact of higher rates or weaker earnings.

Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.

Investment Thesis
Research

On balance, the picture is mixed: United Airlines Holdings is a large-cap industrials business growing at a mature pace, with modest profitability, and a heavier debt load to watch. It trades at 10.2x earnings, which our model scores Neutral (52/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.

Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.

Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.