United Airlines (UAL) | Financial Analysis & Statements

United Airlines Holdings Inc. | Large-cap | Industrials

$81.11

-1.52%

United Airlines vs Delta Air Lines United Airlines vs Southwest Airlines United Airlines vs American Airlines United Airlines vs Alaska Air United Airlines vs Copa Holdings S.A United Airlines vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 57.1B

Gross Profit 16.5B 28.90%

Operating Income 5.2B 9.13%

Net Income 3.1B 5.52%

EPS (Diluted) $9.45

Balance Sheet Metrics

Total Assets 74.1B

Total Liabilities 61.4B

Shareholders Equity 12.7B

Debt to Equity 4.84

Cash Flow Metrics

Operating Cash Flow 9.4B

Free Cash Flow 3.8B

Revenue & Profitability Trend

United Airlines Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue	57.1B	53.7B	45.0B	24.6B	15.4B
Cost of Goods Sold	40.6B	38.5B	34.3B	23.9B	20.4B
Gross Profit	16.5B	15.2B	10.6B	721.0M	-5.0B
Operating Expenses	11.3B	10.0B	8.2B	1.1B	409.0M
Operating Income	5.2B	5.2B	2.5B	-368.0M	-5.4B
Pre-tax Income	4.2B	3.4B	990.0M	-2.6B	-8.8B
Income Tax	1.0B	769.0M	253.0M	-593.0M	-1.8B
Net Income	3.1B	2.6B	737.0M	-2.0B	-7.1B
EPS (Diluted)	$9.45	$7.89	$2.23	-$6.10	-$25.30

Income Statement Trend

United Airlines Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	18.9B	18.5B	20.1B	21.8B	14.8B
Non-Current Assets	55.2B	52.6B	47.3B	46.3B	44.7B
Total Assets	74.1B	71.1B	67.4B	68.2B	59.5B
Liabilities
Current Liabilities	23.3B	22.2B	20.0B	18.3B	12.7B
Non-Current Liabilities	38.1B	39.6B	40.5B	44.8B	40.9B
Total Liabilities	61.4B	61.8B	60.5B	63.1B	53.6B
Equity
Total Shareholders Equity	12.7B	9.3B	6.9B	5.0B	6.0B

Balance Sheet Composition

United Airlines Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	3.1B	2.6B	737.0M	-2.0B	-7.1B
Operating Cash Flow	9.4B	7.4B	6.1B	2.0B	-4.3B
Investing Activities
Capital Expenditures	109.0M	39.0M	207.0M	107.0M	6.0M
Investing Cash Flow	3.0B	1.1B	-9.0B	435.0M	1.8B
Financing Activities
Dividends Paid	-	-	-	-	-
Financing Cash Flow	-4.2B	-1.9B	-3.3B	6.4B	13.0B
Free Cash Flow	3.8B	-260.0M	1.2B	-40.0M	-5.9B

Cash Flow Trend

United Airlines Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 7.19

Forward P/E 6.54

Price to Book 2.05

Price to Sales 0.45

PEG Ratio 6.54

Profitability Ratios

Profit Margin 6.34%

Operating Margin 4.04%

Return on Equity 33.57%

Return on Assets 4.82%

Financial Health

Current Ratio 0.78

Debt to Equity 260.98

Beta 1.44

Per Share Data

EPS (TTM) $10.99

Book Value per Share $38.52

Revenue per Share $175.79

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
ual	25.8B	7.19	2.05	33.57%	6.34%	260.98
Delta Air Lines	32.1B	8.72	2.06	27.52%	5.91%	151.36
Southwest Airlines	18.2B	35.82	1.94	5.59%	1.98%	85.37
American Airlines	7.3B	11.06	-1.59	-21.27%	1.26%	-8.12
Alaska Air	5.8B	17.17	1.42	8.90%	2.86%	151.70
Copa Holdings S.A	4.2B	7.01	1.71	26.06%	17.64%	78.15

Financial data is updated regularly. All figures are in the company's reporting currency.