UA
United Airlines Holdings, Inc.
UAL Industrials · Transportation
Latest period 2026-06-30 · 37 filings on record
SHOWING
Trailing twelve months — each point sums the four quarters ending there.
Ranked against Industrials · 69 peers
Each grade is a single reported quarter's assessment, never an average — a card shows the grade at the newest quarter in view, so it follows the period and range controls above. Latest scored quarter: 2026-06-30.
Growth
40th pct
▼−28 over range · as of 2026-06-30
Revenue +16.0% YoY, earnings -17.3% YoY · sector avg 71
Quality
34th pct
▲+3 over range · as of 2026-06-30
4.6% net margin, 21% return on equity, 4% free-cash-flow margin, profitable in 8 of last 8 quarters · sector avg 49
Safety
18th pct
▲+5 over range · as of 2026-06-30
Net debt 2.1x EBITDA, 3x interest coverage, 0.8x current ratio · sector avg 68
OVERVIEWvs prior TTM Δ
Trailing twelve months · ending 2026-06-30 · green = improving · click a row to chart it
Revenue $62.9B +4.0% Gross margin — — Operating margin 7.7% −0.7pp Net margin 5.6% −0.5pp CHARTED Net income $3.5B −4.6%
Debt / equity
1.58
+4.0%
EPS (diluted)
—
—
EBITDA
$7.9B
−2.5%
Filings
TTM 21-09 → TTM 26-06 · following the period bar 23 match| Year | Q1 | Q2 | Q3 | FY |
|---|---|---|---|---|
| 2026 | 10-Q Q1 2026 | 10-Q Q2 2026 | no filing | no filing |
| 2025 | 10-Q Q1 2025 | 10-Q Q2 2025 | 10-Q Q3 2025 | 10-K FY 2025 |
| 2024 | 10-Q Q1 2024 | 10-Q Q2 2024 | 10-Q Q3 2024 | 10-K FY 2024 |
| 2023 | 10-Q Q1 2023 | 10-Q Q2 2023 | 10-Q Q3 2023 | 10-K FY 2023 |
| 2022 | 10-Q Q1 2022 | 10-Q Q2 2022 | 10-Q Q3 2022 | 10-K FY 2022 |
| 2021 | 10-Q Q1 2021 | 10-Q Q2 2021 | 10-Q Q3 2021 | 10-K FY 2021 |
| 2020 | no filing | no filing | no filing | 10-K FY 2020 |
All 23 filings
10-K FY 2024 2025-02-27 Pro → 10-Q Q3 2024 2024-10-16 Pro → 10-Q Q2 2024 2024-07-18 Pro → 10-Q Q1 2024 2024-04-17 Pro → 10-K FY 2023 2024-02-29 Pro → 10-Q Q3 2023 2023-10-18 Pro → 10-Q Q2 2023 2023-07-20 Pro → 10-Q Q1 2023 2023-04-20 Pro → 10-K FY 2022 2023-02-16 Pro → 10-Q Q3 2022 2022-10-19 Pro → 10-Q Q2 2022 2022-07-21 Pro → 10-Q Q1 2022 2022-04-21 Pro → 10-K FY 2021 2022-02-18 Pro → 10-Q Q3 2021 2021-10-20 Pro → 10-Q Q2 2021 2021-07-22 Pro → 10-Q Q1 2021 2021-04-22 Pro → 10-K FY 2020 2021-03-01 Pro →Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans
Trends
Trailing twelve months, rolling one quarter at a time
Revenue
| Period | Period end | Revenue |
|---|---|---|
| TTM 21-09 | 2021-09-30 | $19.9B |
| TTM 21-12 | 2021-12-31 | $24.6B |
| TTM 22-03 | 2022-03-31 | $29.0B |
| TTM 22-06 | 2022-06-30 | $35.6B |
| TTM 22-09 | 2022-09-30 | $40.7B |
| TTM 22-12 | 2022-12-31 | $45.0B |
| TTM 23-03 | 2023-03-31 | $48.8B |
| TTM 23-06 | 2023-06-30 | $50.9B |
| TTM 23-09 | 2023-09-30 | $52.5B |
| TTM 23-12 | 2023-12-31 | $53.7B |
| TTM 24-03 | 2024-03-31 | $54.8B |
| TTM 24-06 | 2024-06-30 | $55.6B |
| TTM 24-09 | 2024-09-30 | $56.0B |
| TTM 24-12 | 2024-12-31 | $57.1B |
| TTM 25-03 | 2025-03-31 | $57.7B |
| TTM 25-06 | 2025-06-30 | $58.0B |
| TTM 25-09 | 2025-09-30 | $58.4B |
| TTM 25-12 | 2025-12-31 | $59.1B |
| TTM 26-03 | 2026-03-31 | $60.5B |
| TTM 26-06 | 2026-06-30 | $62.9B |
Net income
| Period | Period end | Net income |
|---|---|---|
| TTM 21-09 | 2021-09-30 | -$3.2B |
| TTM 21-12 | 2021-12-31 | -$2.0B |
| TTM 22-03 | 2022-03-31 | -$2.0B |
| TTM 22-06 | 2022-06-30 | -$1.2B |
| TTM 22-09 | 2022-09-30 | -$752.0M |
| TTM 22-12 | 2022-12-31 | $737.0M |
| TTM 23-03 | 2023-03-31 | $1.9B |
| TTM 23-06 | 2023-06-30 | $2.7B |
| TTM 23-09 | 2023-09-30 | $2.9B |
| TTM 23-12 | 2023-12-31 | $2.6B |
| TTM 24-03 | 2024-03-31 | $2.7B |
| TTM 24-06 | 2024-06-30 | $2.9B |
| TTM 24-09 | 2024-09-30 | $2.8B |
| TTM 24-12 | 2024-12-31 | $3.1B |
| TTM 25-03 | 2025-03-31 | $3.7B |
| TTM 25-06 | 2025-06-30 | $3.3B |
| TTM 25-09 | 2025-09-30 | $3.3B |
| TTM 25-12 | 2025-12-31 | $3.4B |
| TTM 26-03 | 2026-03-31 | $3.7B |
| TTM 26-06 | 2026-06-30 | $3.5B |
Operating income
| Period | Period end | Operating income |
|---|---|---|
| TTM 21-09 | 2021-09-30 | -$2.7B |
| TTM 21-12 | 2021-12-31 | -$1.0B |
| TTM 22-03 | 2022-03-31 | -$1.0B |
| TTM 22-06 | 2022-06-30 | $131.0M |
| TTM 22-09 | 2022-09-30 | $552.0M |
| TTM 22-12 | 2022-12-31 | $2.3B |
| TTM 23-03 | 2023-03-31 | $3.7B |
| TTM 23-06 | 2023-06-30 | $4.3B |
| TTM 23-09 | 2023-09-30 | $4.6B |
| TTM 23-12 | 2023-12-31 | $4.2B |
| TTM 24-03 | 2024-03-31 | $4.4B |
| TTM 24-06 | 2024-06-30 | $4.8B |
| TTM 24-09 | 2024-09-30 | $4.6B |
| TTM 24-12 | 2024-12-31 | $5.1B |
| TTM 25-03 | 2025-03-31 | $5.6B |
| TTM 25-06 | 2025-06-30 | $5.0B |
| TTM 25-09 | 2025-09-30 | $4.8B |
| TTM 25-12 | 2025-12-31 | $4.7B |
| TTM 26-03 | 2026-03-31 | $5.1B |
| TTM 26-06 | 2026-06-30 | $4.9B |
Net margin
| Period | Period end | Net margin |
|---|---|---|
| TTM 21-09 | 2021-09-30 | -16.2% |
| TTM 21-12 | 2021-12-31 | -8.0% |
| TTM 22-03 | 2022-03-31 | -6.8% |
| TTM 22-06 | 2022-06-30 | -3.4% |
| TTM 22-09 | 2022-09-30 | -1.8% |
| TTM 22-12 | 2022-12-31 | 1.6% |
| TTM 23-03 | 2023-03-31 | 3.9% |
| TTM 23-06 | 2023-06-30 | 5.2% |
| TTM 23-09 | 2023-09-30 | 5.5% |
| TTM 23-12 | 2023-12-31 | 4.9% |
| TTM 24-03 | 2024-03-31 | 4.9% |
| TTM 24-06 | 2024-06-30 | 5.3% |
| TTM 24-09 | 2024-09-30 | 4.9% |
| TTM 24-12 | 2024-12-31 | 5.5% |
| TTM 25-03 | 2025-03-31 | 6.3% |
| TTM 25-06 | 2025-06-30 | 5.7% |
| TTM 25-09 | 2025-09-30 | 5.6% |
| TTM 25-12 | 2025-12-31 | 5.7% |
| TTM 26-03 | 2026-03-31 | 6.1% |
| TTM 26-06 | 2026-06-30 | 5.6% |
ZOOM
TTM 10-12
TTM 26-06
Grade history
Point-in-time: each period shows the grade of the quarter it ends at — grades are never summed or averaged across a window.
Growth
40
Quality
34
Safety
18
Hover to read every grade at a period · shared with the trends chart · axis fixed 0–100
| Period | Period end | Growth | Quality | Safety |
|---|---|---|---|---|
| TTM 21-09 | 2021-09-30 | not scored | not scored | not scored |
| TTM 21-12 | 2021-12-31 | not scored | not scored | not scored |
| TTM 22-03 | 2022-03-31 | not scored | not scored | not scored |
| TTM 22-06 | 2022-06-30 | not scored | not scored | not scored |
| TTM 22-09 | 2022-09-30 | not scored | not scored | not scored |
| TTM 22-12 | 2022-12-31 | not scored | not scored | not scored |
| TTM 23-03 | 2023-03-31 | not scored | not scored | not scored |
| TTM 23-06 | 2023-06-30 | not scored | not scored | not scored |
| TTM 23-09 | 2023-09-30 | 68 | 31 | 14 |
| TTM 23-12 | 2023-12-31 | 38 | 25 | 12 |
| TTM 24-03 | 2024-03-31 | 73 | 21 | 13 |
| TTM 24-06 | 2024-06-30 | 63 | 27 | 21 |
| TTM 24-09 | 2024-09-30 | 26 | 22 | 19 |
| TTM 24-12 | 2024-12-31 | 69 | 30 | 19 |
| TTM 25-03 | 2025-03-31 | 80 | 32 | 16 |
| TTM 25-06 | 2025-06-30 | 21 | 30 | 18 |
| TTM 25-09 | 2025-09-30 | 34 | 30 | 14 |
| TTM 25-12 | 2025-12-31 | 49 | 25 | 20 |
| TTM 26-03 | 2026-03-31 | 76 | 38 | 23 |
| TTM 26-06 | 2026-06-30 | 40 | 34 | 18 |