Last 47 quarters of trend data · Industrials · Airlines, Airports & Air Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 11.01 | 13.82 | 10.76 | 8.76 | 8.32 | 6.70 | 14.88 | 8.26 | 4.92 | 3.07 | — | 5.70 | 3.09 | 4.23 | — | 3.70 | 2.84 | 8.86 | — | — | 8.26 |
| — | +106.2% | -27.7% | +6.1% | +69.1% | +118.2% | — | +44.9% | +59.1% | -27.4% | — | +54.2% | +8.7% | -52.2% | — | — | -65.6% | — | — | — | — | |
| P/S Ratio | 0.62 | 0.63 | 0.51 | 0.59 | 0.52 | 0.43 | 0.44 | 0.55 | 0.32 | 0.27 | 0.31 | 0.25 | 0.24 | 0.32 | 0.32 | 0.25 | 0.21 | 0.24 | 0.50 | 0.43 | 0.50 |
| — | +47.0% | +18.4% | +7.4% | +62.0% | +57.7% | +38.8% | +120.3% | +31.7% | -15.5% | -1.1% | -0.1% | +16.6% | +32.8% | -36.3% | -42.0% | -58.8% | -68.8% | -64.8% | -56.2% | -50.3% | |
| P/B Ratio | 2.41 | 2.66 | 1.90 | 2.39 | 2.20 | 1.95 | 1.82 | 2.56 | 1.66 | 1.54 | 1.71 | 1.47 | 1.59 | 2.36 | 2.17 | 1.81 | 2.19 | 2.95 | 4.16 | 2.82 | 2.88 |
| — | +36.5% | +4.0% | -6.6% | +32.8% | +26.2% | +6.5% | +74.8% | +4.5% | -34.6% | -21.3% | -18.8% | -27.4% | -20.0% | -47.7% | -35.9% | -24.1% | -14.5% | +18.8% | +24.6% | +99.6% | |
| P/FCF | 14.28 | 41.74 | 2.41 | — | — | 7.00 | 2.32 | 14.79 | 53.93 | 2.37 | 2.65 | — | — | 1.91 | 2.79 | — | — | 1.37 | 3.51 | — | — |
| — | +496.0% | +3.7% | — | — | +195.2% | -12.5% | — | — | +24.1% | -4.8% | — | — | +39.9% | -20.5% | — | — | -41.4% | -99.8% | — | — | |
| EV / EBITDA | 8.05 | 9.14 | 7.59 | 7.22 | 7.23 | 6.01 | 8.72 | 6.37 | 4.42 | 3.74 | 13.05 | 6.60 | 4.33 | 5.08 | 17.52 | 5.69 | 4.41 | 5.51 | — | 41.78 | 5.46 |
| — | +52.0% | -13.0% | +13.5% | +63.7% | +60.6% | -33.1% | -3.5% | +2.0% | -26.3% | -25.5% | +15.9% | -1.7% | -7.8% | — | -86.4% | -19.4% | -78.7% | — | — | — | |
| EV / EBIT | 13.07 | 15.49 | 11.11 | 9.35 | 10.02 | 7.94 | 95.39 | 8.84 | 6.32 | 4.71 | 45.98 | 9.25 | 5.39 | 6.04 | 55.83 | 6.62 | 5.76 | 9.58 | — | — | 8.76 |
| — | +95.1% | -88.4% | +5.8% | +58.6% | +68.8% | +107.4% | -4.4% | +17.4% | -22.1% | -17.6% | +39.6% | -6.5% | -36.9% | — | — | -34.3% | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 64.1% | 67.7% | 63.3% | 64.1% | 64.6% | 64.9% | 62.6% | 30.7% | 29.9% | 32.0% | 21.9% | 27.1% | 30.7% | 34.4% | 19.1% | 28.8% | 29.1% | 25.0% | 3.9% | 15.7% | 17.5% |
| — | +4.3% | +1.0% | +108.9% | +116.1% | +102.6% | +186.6% | +13.4% | -2.5% | -6.9% | +14.1% | -6.0% | +5.3% | +37.8% | +394.4% | +83.2% | +66.7% | +1220.0% | +108.9% | +138.9% | +122.1% | |
| Operating Margin | 8.0% | 6.2% | 6.8% | 9.0% | 9.2% | 8.7% | 4.6% | 10.2% | 10.5% | 12.9% | 0.8% | 7.3% | 12.0% | 10.7% | -0.4% | 11.1% | 11.3% | 7.2% | -18.3% | -5.0% | 13.4% |
| — | -28.7% | +48.6% | -11.9% | -13.1% | -32.4% | +481.9% | +39.7% | -12.2% | +20.3% | +309.9% | -34.0% | +6.0% | +47.6% | +97.9% | +322.6% | -15.4% | +246.9% | +57.3% | +92.0% | +120.6% | |
| Net Margin | 5.7% | 4.6% | 4.8% | 6.8% | 6.2% | 6.4% | 2.9% | 6.7% | 6.5% | 8.8% | -1.0% | 4.4% | 7.8% | 7.6% | -1.7% | 6.8% | 7.3% | 2.7% | -18.2% | -7.9% | 6.1% |
| — | -28.7% | +63.4% | +1.3% | -4.1% | -27.7% | +396.2% | +52.3% | -17.2% | +16.4% | +41.7% | -35.3% | +7.3% | +179.1% | +90.7% | +186.2% | +19.9% | +134.2% | +56.8% | +85.8% | +108.3% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 24.0% | 4.9% | 4.5% | 7.1% | 6.9% | 7.5% | 3.1% | 8.2% | 8.8% | 13.4% | -1.3% | 6.6% | 13.7% | 15.0% | -2.9% | 14.3% | 21.3% | 8.7% | -31.8% | -12.4% | 9.2% |
| — | -34.0% | +46.6% | -13.5% | -22.0% | -44.2% | +328.4% | +23.8% | -36.0% | -10.3% | +53.2% | -53.9% | -35.4% | +72.5% | +91.0% | +215.7% | +132.3% | +201.0% | -30.9% | +57.8% | +138.6% | |
| ROA | 4.5% | 1.0% | 0.9% | 1.4% | 1.2% | 1.3% | 0.5% | 1.3% | 1.3% | 1.8% | -0.2% | 0.8% | 1.6% | 1.5% | -0.3% | 1.2% | 1.4% | 0.5% | -2.0% | -0.9% | 0.7% |
| — | -23.4% | +72.4% | +1.9% | -6.5% | -30.4% | +397.2% | +61.5% | -14.8% | +21.9% | +38.4% | -32.8% | +14.8% | +216.9% | +86.0% | +231.6% | +100.6% | +172.2% | +10.4% | +70.1% | +121.3% | |
| ROIC | 9.1% | 2.1% | 1.9% | 2.5% | 2.6% | 2.7% | 1.2% | 3.2% | 3.5% | 4.2% | 0.2% | 2.0% | 3.7% | 3.3% | -0.1% | 3.1% | 3.9% | 2.7% | -4.2% | -1.2% | 3.1% |
| — | -23.8% | +52.6% | -22.8% | -26.2% | -34.6% | +528.9% | +62.7% | -5.7% | +26.2% | +316.8% | -36.6% | -5.5% | +22.3% | +97.8% | +363.3% | +26.7% | +435.1% | -7.8% | +80.2% | +168.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.03 | 2.02 | 1.95 | 2.03 | 2.56 | 2.45 | 2.61 | 2.65 | 2.67 | 3.25 | 3.79 | 3.94 | 3.96 | 4.65 | 5.40 | 5.28 | 7.55 | 9.59 | 10.66 | 7.83 | 7.34 |
| — | -17.7% | -25.3% | -23.5% | -4.2% | -24.7% | -31.2% | -32.7% | -32.4% | -30.0% | -29.8% | -25.4% | -47.6% | -51.5% | -49.3% | -32.5% | +2.8% | +17.3% | +64.8% | +42.4% | +56.5% | |
| Debt / EBITDA | 4.06 | 18.12 | 17.67 | 14.54 | 17.25 | 15.93 | 24.68 | 14.93 | 13.26 | 12.94 | 43.18 | 21.86 | 14.58 | 16.40 | 58.86 | 19.88 | 17.88 | 25.53 | — | 186.57 | 24.03 |
| — | +13.7% | -28.4% | -2.6% | +30.1% | +23.2% | -42.8% | -31.7% | -9.1% | -21.1% | -26.6% | +10.0% | -18.5% | -35.8% | — | -89.3% | -25.6% | -77.7% | — | — | — | |
| Current Ratio | 0.65 | 0.78 | 0.70 | 0.65 | 0.67 | 0.70 | 0.78 | 0.81 | 0.79 | 0.77 | 0.75 | 0.83 | 0.89 | 0.91 | 0.91 | 1.00 | 1.03 | 1.04 | 1.04 | 1.19 | 1.36 |
| — | +11.7% | -10.6% | -20.4% | -16.1% | -9.7% | +3.4% | -2.7% | -10.2% | -15.1% | -17.3% | -17.0% | -14.2% | -12.3% | -12.0% | -15.9% | -24.2% | -23.9% | -8.2% | +2.6% | +30.5% | |
| Quick Ratio | 0.59 | 0.72 | 0.64 | 0.59 | 0.61 | 0.65 | 0.72 | 0.74 | 0.72 | 0.71 | 0.69 | 0.76 | 0.82 | 0.86 | 0.86 | 0.95 | 0.98 | 0.99 | 0.99 | 1.14 | 1.31 |
| — | +10.9% | -11.5% | -21.1% | -16.0% | -8.9% | +4.6% | -2.6% | -12.1% | -17.7% | -20.3% | -19.6% | -16.0% | -13.1% | -12.8% | -16.8% | -24.8% | -24.7% | -7.2% | +4.5% | +32.8% | |
| Interest Coverage | 3.77 | 3.20 | 3.66 | 5.09 | 5.51 | 5.03 | 0.40 | 5.13 | 4.94 | 5.74 | 0.58 | 2.79 | 4.34 | 4.08 | 0.43 | 3.52 | 3.70 | 2.15 | -3.38 | -1.08 | 2.40 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying UAL stock.
United Airlines Holdings, Inc.'s current P/E is 11.0x. The average P/E over the last 4 quarters is 10.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
United Airlines Holdings, Inc.'s current operating margin is 8.0%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking United Airlines Holdings, Inc.'s business trajectory between earnings reports.