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    United Airlines Holdings Inc (UAL)

    Official site

    INDUSTRIALS • AIRLINES • NASDAQ

    $101.31
    +2.35 (+2.37%)

    Market Cap: $32.88B

    Last updated: Oct 16, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    79%(31/39)
    Avg Surprise
    +8.84%
    Streak
    16 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$2.79
    Range$2.29 - $3.45
    19 analysts
    EPS RevisionsNo revisions (7d)
    0
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$3.20-12.9%
    60d ago$3.20-12.8%
    30d ago$3.04-8.3%
    7d ago$2.89-3.5%
    Current$2.79
    Revenue Consensus
    $17.9B
    Range$17.6B - $18.1B
    15 analysts
    Period ending Dec 31, 2026
    EPS Consensus$3.24
    Range$0.80 - $5.03
    23 analysts
    Revenue Consensus
    $18.0B
    Range$12.6B - $18.9B
    21 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$3.24---
    Sep 26EST
    		-$2.79---
    Jun 26
    Reported Jul 15
    		$1.99$1.92+3.65%Beat-48.6%
    Mar 26
    Reported Apr 21
    		$1.19$1.08+10.19%Beat+30.8%
    Dec 25
    Reported Jan 20
    		$3.10$2.94+5.44%Beat-4.9%
    Sep 25
    Reported Oct 15
    		$2.78$2.68+3.73%Beat-16.5%
    Jun 25
    Reported Jul 16
    		$3.87$3.81+1.57%Beat-6.5%
    Mar 25
    Reported Apr 15
    		$0.91$0.74+22.97%Beat+706.7%
    Dec 24
    Reported Jan 21
    		$3.26$3.03+7.59%Beat+63.0%
    Sep 24
    Reported Oct 15
    		$3.33$3.17+5.05%Beat-8.8%
    Jun 24
    Reported Jul 17
    		$4.14$3.93+5.34%Beat-17.7%
    Mar 24
    Reported Apr 16
    		$-0.15N/A+73.68%Beat+76.2%
    Dec 23
    Reported Jan 22
    		$2.00$1.70+17.65%Beat-18.7%
    Sep 23
    Reported Oct 17
    		$3.65$3.41+7.04%Beat+29.9%
    Jun 23
    Reported Jul 19
    		$5.03$4.06+23.89%Beat+251.7%
    Mar 23
    Reported Apr 18
    		$-0.63$-0.73+13.70%Beat+85.1%
    Dec 22
    Reported Jan 17
    		$2.46$2.14+14.95%Beat+253.8%
    Sep 22
    Reported Oct 18
    		$2.81$2.28+23.25%Beat+375.5%
    Jun 22
    Reported Jul 20
    		$1.43$1.90-24.74%Miss+136.6%
    Mar 22
    Reported Apr 20
    		$-4.24$-4.22-0.47%Miss+43.5%
    Dec 21
    Reported Jan 19
    		$-1.60$-2.10+23.81%Beat+77.1%
    Sep 21
    Reported Oct 19
    		$-1.02$-1.68+39.29%Beat+87.5%
    Jun 21
    Reported Jul 20
    		$-3.91$-3.86-1.30%Miss+58.0%
    Mar 21
    Reported Apr 19
    		$-7.50$-7.12-5.34%Miss-191.8%
    Dec 20
    Reported Jan 20
    		$-7.00$-6.46-8.36%Miss-362.2%
    Sep 20
    Reported Oct 14
    		$-8.16$-7.55-8.08%Miss-300.5%
    Jun 20
    Reported Jul 21
    		$-9.31$-9.25-0.65%Miss-321.1%
    Mar 20
    Reported Apr 30
    		$-2.57$-3.04+15.46%Beat-323.5%
    Dec 19
    Reported Jan 21
    		$2.67$2.64+1.14%Beat+10.8%
    Sep 19
    Reported Oct 15
    		$4.07$3.96+2.78%Beat+33.0%
    Jun 19
    Reported Jul 16
    		$4.21$4.12+2.18%Beat+30.3%
    Mar 19
    Reported Apr 16
    		$1.15$0.96+19.79%Beat+130.0%
    Dec 18
    Reported Jan 15
    		$2.41$2.06+16.99%Beat+72.1%
    Sep 18
    Reported Oct 16
    		$3.06$3.07-0.33%Miss+37.8%
    Jun 18
    Reported Jul 17
    		$3.23$3.07+5.21%Beat+17.5%
    Mar 18
    Reported Apr 17
    		$0.50$0.47+6.38%Beat+22.0%
    Dec 17
    Reported Jan 23
    		$1.40$1.34+4.48%Beat-21.3%
    Sep 17
    Reported Oct 18
    		$2.22$2.16+2.78%Beat-
    Jun 17
    Reported Jul 18
    		$2.75$2.66+3.38%Beat-
    Mar 17
    Reported Apr 17
    		$0.41$0.38+7.89%Beat-
    Dec 16
    Reported Jan 17
    		$1.78$1.73+2.89%Beat-

    Dividends

    Dividend Metrics

    Forward Yield0.00%
    Forward Annual Dividend$0.00
    Payout Ratio0.00%
    No dividend payments in the selected period.

    Key Metrics

    Valuation
    P/E Ratio11.18EV/EBITDA8.38x
    Price/FCF12.93xFCF Yield7.74%
    Profitability
    Profit Margin5.56%Operating Margin5.53%
    ROE23.30%ROIC6.41%
    Financial Health
    Debt/Equity2.66xInterest Coverage4.54x
    Current Ratio0.78xQuick Ratio0.72x
    Trading Statistics
    Beta1.30Avg Volume4.40M
    52-Week High$138.7752-Week Low$84.64

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$106.74
    SMA 20$109.42
    SMA 50$112.54
    SMA 200$108.80
    EMA 10$105.39
    EMA 20$107.76
    EMA 50$111.18
    EMA 200$108.32

    MACD

    Line: -2.66Signal: -1.64Hist: -1.02

    ADX

    ADX: 19.4+DI: 14.9-DI: 34.4

    Aroon & PSAR

    Aroon Up32.0
    Aroon Down96.0
    PSAR$111.47

    Bollinger Bands

    Upper Band$118.25
    Lower Band$100.60
    %B Position1612%(Upper)
    Band Width0.04

    RSI (14-Day)

    Neutral
    36.2

    Momentum Oscillators

    Stoch %K12.7
    Stoch %D10.1
    Williams %R-79.4
    ROC (10d)-9.4%
    Momentum-10.47
    CCI (20d)-172.1
    MFI (14d)26.0

    Volatility Measures

    ATR (14d)$3.89(3.8%)
    StdDev (20d)4.41
    Hist Vol37.5%(Moderate)

    Volume Flow

    VWAP$100.36
    OBV66.2M
    AD Line-72.6M
    CMF (20d)0.019

    Volume Metrics

    Avg Vol (20d)4.5M
    Vol Ratio0.9x
    VWMA (20d)$109.28

    Pivot Points

    R3$105.55
    R2$103.73
    R1$101.34
    Pivot Point$99.52
    S1$97.14
    S2$95.32
    S3$92.93

    Advanced Oscillators

    TSI-18.31
    Ultimate Osc46.6
    KST-36.01

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$17.67B$14.61B$15.40B$15.22B$15.24B$13.21B$14.70B$14.84B$14.99B$12.54B$13.63B$14.48B
    Cost of Revenue$11.56B$9.23B$9.13B$9.07B$8.80B$8.29B$8.52B$8.80B$8.60B$8.29B$8.46B$8.58B
    Gross Profit$6.12B$5.38B$6.27B$6.15B$6.44B$4.92B$6.17B$6.05B$6.39B$4.25B$5.17B$5.91B
    Operating Expenses$5.02B$4.38B$4.89B$4.76B$5.12B$4.31B$4.67B$4.48B$4.46B$4.15B$4.17B$4.17B
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$3.35B$3.06B$3.13B$3.10B$2.97B$2.82B$2.94B$2.88B$2.84B$2.63B$2.64B$2.67B
    Operating Income$1.10B$997.00M$1.39B$1.40B$1.32B$607.00M$1.50B$1.56B$1.93B$99.00M$998.00M$1.74B
    Interest Income$148.00M$135.00M$138.00M$142.00M$167.00M$164.00M$172.00M$187.00M$190.00M$177.00M$207.00M$234.00M
    Interest Expense$284.00M$273.00M$271.00M$278.00M$310.00M$308.00M$316.00M$326.00M$367.00M$393.00M$430.00M$445.00M
    Income Before Tax$1.03B$870.00M$1.32B$1.25B$1.25B$478.00M$1.31B$1.29B$1.74B$-164,000,000$771.00M$1.49B
    Income Tax Expense$221.00M$172.00M$281.00M$306.00M$275.00M$91.00M$322.00M$321.00M$416.00M$-40,000,000$171.00M$348.00M
    Net Income$805.00M$699.00M$1.04B$949.00M$973.00M$387.00M$985.00M$965.00M$1.32B$-124,000,000$600.00M$1.14B
    EBITDA$1.92B$1.76B$2.21B$2.12B$2.13B$1.35B$2.21B$2.17B$2.63B$760.00M$1.68B$2.36B
    EBIT$1.16B$1.01B$1.46B$1.39B$1.39B$622.00M$1.45B$1.43B$1.92B$52.00M$994.00M$1.70B
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $8.22M
    Gov Obligations / Revenue
    0.0%
    Obligations YoY
    -9.4%
    Active Awards
    41
    New Awards (TTM)
    39
    Avg Remaining Term
    1.9 mo

    Top agency: Department of Defense at 99.6% of trailing twelve month obligations across 2 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    HTC71126F1008Department of DefenseUSTRANSCOM$4.01MOct 1, 2025
    HTC71126F1488Department of DefenseUSTRANSCOM$818063Jan 13, 2026
    HTC71126F1027Department of DefenseUSTRANSCOM$278000Oct 1, 2025
    HTC71126F1514Department of DefenseUSTRANSCOM$216599Jan 15, 2026
    HTC71126F1897Department of DefenseUSTRANSCOM$195809Apr 8, 2026
    HTC71126F1697Department of DefenseUSTRANSCOM$174300Mar 21, 2026
    HTC71125F2945Department of DefenseUSTRANSCOM$159257Aug 1, 2025
    HTC71126F2006Department of DefenseUSTRANSCOM$154000Apr 26, 2026
    HTC71126F1968Department of DefenseUSTRANSCOM$154000Apr 20, 2026
    HTC71126F1993Department of DefenseUSTRANSCOM$152330Apr 16, 2026

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

    United Airlines Holdings Inc. stock underperforms Friday when compared to competitors

    United Airlines Holdings Inc. (UAL) stock fell 5.14% to $96.10 on Friday, underperforming major indexes like the S&P 500 and Dow Jones Industrial Average. The decline occurred during a generally negative trading session...

    MarketWatch•10/16/26•Neutral

    FAA set to approve 737 MAX 10 as soon as next week

    The Federal Aviation Administration (FAA) is expected to approve the Boeing 737 MAX 10 as early as next week, following the completion of a crucial safety review. This approval marks a significant milestone for Boeing...

    Reuters•10/16/26•Somewhat-Bullish

    United Airlines Holdings (UAL) Q3 2026 Preview: EPS Est. $2.59, Reports October 21

    United Airlines Holdings (UAL) is expected to report Q3 2026 earnings on October 21, with analysts forecasting EPS of $2.59 on revenue of $17.90 billion. Despite strong revenue growth predictions...

    AlphaStreet•10/16/26•Somewhat-Bearish

    American Airlines Wants To Be A “Premier Global Airline,” But I’d Settle For A Working Seat And An On-Time Flight

    The author acknowledges American Airlines' ambition to become the "premier global airline" and welcomes some of its investments, such as Starlink and new Flagship Suites. However...

    Live and Let's Fly•10/16/26•Neutral

    Alaska Airlines & Hawaiian Airlines Are Taking What Passengers Eat At 35,000 Feet To The Next Level

    Alaska Airlines and Hawaiian Airlines are introducing new chef-curated menus and a premium wine program for their international Suites guests. These menus, crafted by acclaimed chefs Dell Valdez, Brady Ishiwata Williams...

    Simple Flying•10/16/26•Neutral

    UAL Valuation and Fair Value

    P/E
    11.2x
    Forward P/E
    7.4x
    EV/EBITDA
    8.4x
    P/FCF
    12.9x
    PEG
    6.5x
    P/B
    2.0x
    See GNG's fair value

    UAL Profitability: Margins, ROIC and FCF

    Gross margin
    38.0%
    Operating margin
    5.5%
    Net margin
    5.6%
    ROIC
    6.4%
    ROE
    23.3%
    FCF margin
    4.0%
    FCF yield
    7.7%

    UAL Competitors

    CompanyTicker
    Axon Enterprise Inc.AXON
    EMCOR Group IncEME
    Elbit Systems LtdESLT
    HEICO CorporationHEI-A
    Rocket Lab USA Inc.RKLB
    Ingersoll Rand IncIR
    Old Dominion Freight Line IncODFL
    Otis Worldwide CorpOTIS

    Sector: Industrials

    UAL Analyst Ratings

    Consensus
    Buy
    Analysts
    25
    Strong Buy
    4
    Buy
    19
    Hold
    2
    Sell
    0
    Strong Sell
    0

    UAL Bull Case vs Bear Case

    Bull case

    • UAL beat EPS estimates in 100.0% of its last 8 reported quarters.
    • UAL grew quarterly revenue 16.0% year over year.
    • 92.0% of UAL's analyst ratings are Buy or Strong Buy.

    Bear case

    • UAL has a debt-to-equity ratio of 2.7x.

    UAL Earnings: Beat Rate and Next Report

    Beat rate
    8 of 8 quarters (100.0%)
    Average surprise
    7.5%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $2.79
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 1 down

    UAL Dividend

    Forward yield
    0.0%
    Payout ratio
    0.0%

    Frequently Asked Questions About UAL

    Does UAL pay dividends?

    United Airlines Holdings Inc (UAL) has a dividend payment track record. See the UAL dividend history page for its current payment status, TTM yield, and recorded payments.

    What is UAL's P/E ratio?

    United Airlines Holdings Inc has a price-to-earnings (P/E) ratio of 11.18.

    What is UAL's market cap?

    United Airlines Holdings Inc (UAL) has a market capitalization of $32.88B with a current stock price of $101.31.

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