United Airlines Holdings, Inc.

UALCIK 000010051718 fiscal years

RevenueFY2025

$59.07B3.5%

Net incomeFY2025

$3.35B6.5%

Free cash flowFY2025

$2.56B33.2%

Diluted EPSFY2025

$10.207.9%

Trends

FY2008–FY2025 · hover a year for its filing

Revenue & net incomeRevenueNet income

revenue 2.9× since FY2008 · net margin -26.7% → 5.7%

MarginsNet marginFCF margin

FY2025: net 5.7% · free cash flow 4.3% of revenue

Cash flowOperating cash flowFree cash flow

FY2025: $8.43B operating cash − $5.87B capex = $2.56B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 23% (FY2009) → 22% (FY2025) · on assets 4.4%

Financial statements

Annual Quarterly

USD millions, except per-share values; share counts in millions. Hover a value for its XBRL tag and filing accession.

USD millions	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Revenue	59,070	57,063	53,717	44,955	24,634	15,355	43,259	41,303	37,784	36,558	37,864	38,901
Net income	3,353	3,149	2,618	737	(1,964)	(7,069)	3,009	2,122	2,143	2,234	7,340	1,132
Diluted EPS	10.20	9.45	7.89	2.23	(6.10)	(25.30)	11.58	7.67	7.06	6.76	19.47	2.93
Diluted shares	329	333	332	330	322	279	260	277	304	330	377	390
Operating cash flow	8,431	9,445	6,911	6,066	2,067	(4,133)	6,909	6,164	3,474	5,542	5,992	2,634
Capital expenditures	5,874	5,615	7,171	4,819	2,107	1,727	4,528	4,070	3,870	3,223	2,747	2,005
Free cash flow	2,557	3,830	(260)	1,247	(40)	(5,860)	2,381	2,094	(396)	2,319	3,245	629
Cash & equivalents	5,942	8,769	6,058	7,166	18,283	11,269	2,762	1,694	1,482	2,179	3,006	2,002
Total assets	76,448	74,083	71,104	67,358	68,175	59,548	52,611	49,024	42,346	40,140	40,861	36,595
Shareholders' equity	15,282	12,675	9,324	6,896	5,029	5,960	11,531	10,042	8,734	8,659	8,966	2,396

As reported in SEC filings; a missing tag shows “—”, never zero. Free cash flow is operating cash flow − capex. Methodology