United Airlines Holdings Past Earnings Performance
Past criteria checks 3/6
United Airlines Holdings has been growing earnings at an average annual rate of 67.4%, while the Airlines industry saw earnings growing at 53.6% annually. Revenues have been growing at an average rate of 24.5% per year. United Airlines Holdings's return on equity is 24.8%, and it has net margins of 5.7%.
Key information
67.41%
Earnings growth rate
68.50%
EPS growth rate
| Airlines Industry Growth | 0.092% |
| Revenue growth rate | 24.49% |
| Return on equity | 24.76% |
| Net Margin | 5.71% |
| Last Earnings Update | 30 Jun 2025 |
Recent past performance updates
Recent updates
United Airlines Has Reached Cruise Altitude
Aug 17Is United Airlines Holdings (NASDAQ:UAL) A Risky Investment?
Jul 08
Should You Investigate United Airlines Holdings, Inc. (NASDAQ:UAL) At US$74.65?
May 25United Airlines Holdings, Inc. (NASDAQ:UAL) Stock Catapults 26% Though Its Price And Business Still Lag The Market
May 14Calculating The Intrinsic Value Of United Airlines Holdings, Inc. (NASDAQ:UAL)
May 05United Airlines: Irrational Turbulence
Mar 31United Airlines Faces A Tough Future
Feb 23United Airlines Holdings' (NASDAQ:UAL) Returns Have Hit A Wall
Feb 03United Airlines: A Strong Buy Ahead Of Q4 Earnings
Jan 13United Airlines: Why I Sold My Shares (Rating Downgrade)
Jan 03Should You Investigate United Airlines Holdings, Inc. (NASDAQ:UAL) At US$94.99?
Dec 18United Airlines Holdings, Inc.'s (NASDAQ:UAL) Shares Leap 28% Yet They're Still Not Telling The Full Story
Dec 05United Airlines: Solid Results, Strong Outlook, Undervalued Stock
Nov 30United Airlines: Revenue And Margin Expansion Will Bring The Company To New Highs
Nov 14Some Investors May Be Worried About United Airlines Holdings' (NASDAQ:UAL) Returns On Capital
Oct 30United Airlines Stock Soars To 52-Week High On Bullish Future
Oct 21United Airlines Holdings, Inc.'s (NASDAQ:UAL) Price Is Right But Growth Is Lacking After Shares Rocket 27%
Oct 15A Look At The Fair Value Of United Airlines Holdings, Inc. (NASDAQ:UAL)
Oct 13United Airlines: A Hold After Recent Take-Off
Oct 07Is United Airlines Holdings (NASDAQ:UAL) Using Too Much Debt?
Oct 02What Does United Airlines Holdings, Inc.'s (NASDAQ:UAL) Share Price Indicate?
Sep 10United Airlines: Lifted By Falling Oil
Sep 06Benign Growth For United Airlines Holdings, Inc. (NASDAQ:UAL) Underpins Its Share Price
Aug 29
Aggressive Cost Management And Decisive Expansions Set To Propel Airline's Margins And Growth
Aggressive cost management and domestic capacity reduction are set to improve net margins by aligning supply with demand.United Airlines Keeps Building A Better Business (Rating Upgrade)
Aug 11United Airlines Disappoints With Outlook, Demand Concerns Surge
Jul 18United Airlines: About To Shock The Market
Jun 27United Airlines: Set To Fly Higher Despite Challenges
Jun 17United Airlines Stock Soars Despite Boeing Crisis Impact
Apr 17United Airlines: Buy The Dip Now And Fly First Class Later
Apr 11United Airlines' Growth To Be Throttled Back (Rating Downgrade)
Mar 11United Airlines: Big Path Forward
Feb 29United Airlines: Be Greedy When Others Are Fearful
Jan 24Revenue & Expenses Breakdown
How United Airlines Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 25 | 57,986 | 3,311 | 2,343 | 0 |
| 31 Mar 25 | 57,737 | 3,660 | 2,482 | 0 |
| 31 Dec 24 | 57,063 | 3,149 | 2,466 | 0 |
| 30 Sep 24 | 55,994 | 2,764 | 2,472 | 0 |
| 30 Jun 24 | 55,635 | 2,936 | 2,414 | 0 |
| 31 Mar 24 | 54,827 | 2,688 | 2,275 | 0 |
| 31 Dec 23 | 53,717 | 2,618 | 2,198 | 0 |
| 30 Sep 23 | 52,491 | 2,861 | 2,005 | 0 |
| 30 Jun 23 | 50,884 | 2,666 | 1,971 | 0 |
| 31 Mar 23 | 48,818 | 1,920 | 1,877 | 0 |
| 31 Dec 22 | 44,955 | 737 | 1,700 | 0 |
| 30 Sep 22 | 40,747 | -752 | 1,435 | 0 |
| 30 Jun 22 | 35,620 | -1,221 | 1,171 | 0 |
| 31 Mar 22 | 28,979 | -1,984 | 917 | 0 |
| 31 Dec 21 | 24,634 | -1,964 | 776 | 0 |
| 30 Sep 21 | 19,854 | -3,215 | 609 | 0 |
| 30 Jun 21 | 14,593 | -5,529 | 444 | 0 |
| 31 Mar 21 | 10,597 | -6,722 | 336 | 0 |
| 31 Dec 20 | 15,355 | -7,069 | 546 | 0 |
| 30 Sep 20 | 22,831 | -4,531 | 1,008 | 0 |
| 30 Jun 20 | 31,722 | -1,666 | 1,387 | 0 |
| 31 Mar 20 | 41,649 | 1,013 | 1,798 | 0 |
| 31 Dec 19 | 43,259 | 3,009 | 1,863 | 0 |
| 30 Sep 19 | 42,862 | 2,829 | 1,841 | 0 |
| 30 Jun 19 | 42,485 | 2,638 | 1,836 | 0 |
| 31 Mar 19 | 41,860 | 2,269 | 1,787 | 0 |
| 31 Dec 18 | 41,303 | 2,122 | 1,769 | 0 |
| 30 Sep 18 | 40,263 | 2,240 | 1,733 | 0 |
| 30 Jun 18 | 39,159 | 2,052 | 1,683 | 0 |
| 31 Mar 18 | 38,390 | 2,190 | 1,675 | 0 |
| 31 Dec 17 | 37,784 | 2,143 | 1,652 | 0 |
| 30 Sep 17 | 37,385 | 1,962 | 1,617 | 0 |
| 30 Jun 17 | 37,399 | 2,282 | 1,585 | 0 |
| 31 Mar 17 | 36,787 | 2,049 | 1,539 | 0 |
| 31 Dec 16 | 36,558 | 2,234 | 1,615 | 0 |
| 30 Sep 16 | 36,540 | 2,689 | 1,504 | 0 |
| 30 Jun 16 | 36,933 | 6,540 | 1,525 | 0 |
| 31 Mar 16 | 37,451 | 7,145 | 1,534 | 0 |
| 31 Dec 15 | 37,864 | 7,340 | 1,543 | 0 |
| 30 Sep 15 | 38,141 | 6,545 | 1,539 | 0 |
| 30 Jun 15 | 38,398 | 2,653 | 1,548 | 0 |
| 31 Mar 15 | 38,813 | 2,249 | 1,546 | 0 |
| 31 Dec 14 | 38,901 | 1,132 | 1,552 | 0 |
| 30 Sep 14 | 38,917 | 1,245 | 1,555 | 0 |
Quality Earnings: UAL has high quality earnings.
Growing Profit Margin: UAL's current net profit margins (5.7%) are higher than last year (5.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: UAL has become profitable over the past 5 years, growing earnings by 67.4% per year.
Accelerating Growth: UAL's earnings growth over the past year (12.8%) is below its 5-year average (67.4% per year).
Earnings vs Industry: UAL earnings growth over the past year (12.8%) did not outperform the Airlines industry 14.9%.
Return on Equity
High ROE: Whilst UAL's Return on Equity (24.76%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/08/22 20:38 |
| End of Day Share Price | 2025/08/22 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
United Airlines Holdings, Inc. is covered by 48 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Staszak | Argus Research Company |
| Lindsay Bettiol | Atlantic Equities LLP |
| Fred Lowrance | Avondale Partners |