PerpEquities

Equity

United Airlines Holdings, Inc. (UAL) perpetual futures

United Airlines Holdings, Inc. tracked across crypto venues with normalized contract specifications.

0.0%NASDAQ closed
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TradingView symbol NASDAQ:UAL

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Trading data

Perpetual market activity

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24h volume
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Open interest
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Tightest spread
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Highest volume
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Settlement mix
USDT · 1/1
Perp/spot vol.
-
OI / float
-
Spot performance
1D+0.01%
5D-1.78%
1M-2.15%
6M+11.47%
YTD-3.90%
1Y+8.27%

Venue matrix

1 markets

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BingXTradeUAL-USDTPlanned------USDT-
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Company data

Company fundamentals

Updated 1m ago
Market cap
$34.9B
Updated 1m ago
Revenue
$62.9B
Trailing 12 months
Revenue growth
+16%
Next fiscal year
Profit margin
+5.6%
P/E
10.0
Peer P/E 26.0
Free cash flow
$2.5B
Trailing 12 months
More metrics
Net income
$3.5B
Trailing 12 months
P/S
0.6
Peer P/E
26.0
Similar listed perps
Revenue estimate
$68.4B
Next fiscal year
Earnings
2026-10-20
Revenue est. $17.9B · Updated 1m ago
Dividend
$2.15
2008-01-07

Fundamental detail

Annual + quarterly
Latest revenue$59.1B
Net margin+5.7%
Free cash flow$2.6B
Net debt$25.1B
2020$15.4B
2021$24.6B
2022$45B
2023$53.7B
2024$57.1B
2025$59.1B
PeriodRevenueGrowthNet incomeFCF
2020$15.4B-65%-$7.1B-$5.9B
2021$24.6B+60%-$2B-$40M
2022$45B+82%$737M$1.2B
2023$53.7B+19%$2.6B-$260M
2024$57.1B+6%$3.1B$3.8B
2025$59.1B+4%$3.4B$2.6B
PeriodGross marginOperating marginNet marginROEROA
2020-32.8%-41.4%-46.0%-118.6%-11.9%
2021+2.9%-4.1%-8.0%-39.1%-2.9%
2022+23.7%+5.2%+1.6%+10.7%+1.1%
2023+28.3%+7.8%+4.9%+28.1%+3.7%
2024+34.0%+8.9%+5.5%+24.8%+4.3%
2025+64.1%+8.0%+5.7%+21.9%+4.4%
PeriodCashDebtNet debtCurrent ratio
2020$11.3B$32.8B$21.5B1.16
2021$18.3B$39.4B$21.1B1.19
2022$7.2B$36.4B$29.3B1.00
2023$6.1B$36.7B$30.7B0.83
2024$8.8B$33.6B$24.9B0.81
2025$5.9B$31B$25.1B0.65
PeriodMarket capEnterprise valueP/SP/E
2020$12.1B$33.6B0.8-1.7
2021$14.1B$35.2B0.6-7.2
2022$12.4B$41.7B0.316.7
2023$13.7B$44.4B0.35.2
2024$32.4B$57.2B0.610.1
2025$36.6B$61.7B0.611.0
Q3 2024$14.8B
Q4 2024$14.7B
Q1 2025$13.2B
Q2 2025$15.2B
Q3 2025$15.2B
Q4 2025$15.4B
Q1 2026$14.6B
Q2 2026$17.7B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$14.8B+2%$965M$88M
Q4 2024$14.7B+8%$984M$549M
Q1 2025$13.2B+5%$387M$2.5B
Q2 2025$15.2B+2%$973M$930M
Q3 2025$15.2B+3%$949M-$246M
Q4 2025$15.4B+5%$1B-$604M
Q1 2026$14.6B+11%$699M$3.1B
Q2 2026$17.7B+16%$805M$267M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+29.9%+10.5%+6.5%+8.4%+1.3%
Q4 2024+30.7%+10.2%+6.7%+7.8%+1.3%
Q1 2025+62.6%+4.6%+2.9%+3.1%+0.5%
Q2 2025+64.9%+8.7%+6.4%+7.3%+1.3%
Q3 2025+64.6%+9.2%+6.2%+6.6%+1.2%
Q4 2025+64.1%+9.0%+6.8%+6.8%+1.4%
Q1 2026+63.3%+6.8%+4.8%+4.4%+0.9%
Q2 2026+67.7%+6.2%+4.6%+4.8%+1.0%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$8.8B$30.6B$21.8B0.79
Q4 2024$8.8B$33.6B$24.9B0.81
Q1 2025$9.4B$32.9B$23.6B0.78
Q2 2025$9.4B$32.8B$23.4B0.70
Q3 2025$6.7B$36.7B$29.9B0.67
Q4 2025$5.9B$31B$25.1B0.65
Q1 2026$7.9B$31B$23.1B0.70
Q2 2026$10.2B$33.7B$23.5B0.78
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$18.8B$40.5B1.34.9
Q4 2024$31.8B$56.7B2.28.1
Q1 2025$23B$46.5B1.714.6
Q2 2025$26.1B$49.5B1.76.6
Q3 2025$31.5B$61.5B2.18.2
Q4 2025$36.6B$61.7B2.48.8
Q1 2026$30.1B$53.2B2.110.8
Q2 2026$44.4B$67.9B2.513.8

Refreshed 1m ago

Charts: revenue, profit, cash flow & valuation
Revenue$17.7BQ2 2026
$4.4B$8.8B$13.3B$17.7BQ3 2023: $14.5BQ4 2023: $13.6BQ1 2024: $12.5BQ2 2024: $15BQ3 2024: $14.8BQ4 2024: $14.7BQ1 2025: $13.2BQ2 2025: $15.2BQ3 2025: $15.2BQ4 2025: $15.4BQ1 2026: $14.6BQ2 2026: $17.7BQ3 2023Q2 2026
Net income$805MQ2 2026
$237.8M$599.5M$961.3M$1.3BQ3 2023: $1.1BQ4 2023: $599MQ1 2024: -$124MQ2 2024: $1.3BQ3 2024: $965MQ4 2024: $984MQ1 2025: $387MQ2 2025: $973MQ3 2025: $949MQ4 2025: $1BQ1 2026: $699MQ2 2026: $805MQ3 2023Q2 2026
EBITDA$1.7BQ2 2026
$706.3M$1.4B$2.1B$2.8BQ3 2023: $2.6BQ4 2023: $1.9BQ1 2024: $937MQ2 2024: $2.8BQ3 2024: $2.4BQ4 2024: $2.4BQ1 2025: $849MQ2 2025: $2.3BQ3 2025: $2.3BQ4 2025: $2.4BQ1 2026: $2BQ2 2026: $1.7BQ3 2023Q2 2026
Free cash flow$267MQ2 2026
-$1.5B$75.5M$1.6B$3.1BQ3 2023: -$962MQ4 2023: -$3BQ1 2024: $1.5BQ2 2024: $1.7BQ3 2024: $88MQ4 2024: $549MQ1 2025: $2.5BQ2 2025: $930MQ3 2025: -$246MQ4 2025: -$604MQ1 2026: $3.1BQ2 2026: $267MQ3 2023Q2 2026
EPS$2.46Q2 2026
$0.71$1.79$2.88$3.96Q3 2023: $3.42Q4 2023: $1.81Q1 2024: -$0.38Q2 2024: $3.96Q3 2024: $2.9Q4 2024: $2.94Q1 2025: $1.16Q2 2025: $2.97Q3 2025: $2.9Q4 2025: $3.19Q1 2026: $2.14Q2 2026: $2.46Q3 2023Q2 2026
Cash / Debt$10.2BQ2 2026
$9.2B$18.4B$27.6B$36.7BQ3 2023 · Cash: $7.5BQ3 2023 · Debt: $35BQ4 2023 · Cash: $6.1BQ4 2023 · Debt: $36.7BQ1 2024 · Cash: $8.4BQ1 2024 · Debt: $34.8BQ2 2024 · Cash: $10.9BQ2 2024 · Debt: $34.3BQ3 2024 · Cash: $8.8BQ3 2024 · Debt: $30.6BQ4 2024 · Cash: $8.8BQ4 2024 · Debt: $33.6BQ1 2025 · Cash: $9.4BQ1 2025 · Debt: $32.9BQ2 2025 · Cash: $9.4BQ2 2025 · Debt: $32.8BQ3 2025 · Cash: $6.7BQ3 2025 · Debt: $36.7BQ4 2025 · Cash: $5.9BQ4 2025 · Debt: $31BQ1 2026 · Cash: $7.9BQ1 2026 · Debt: $31BQ2 2026 · Cash: $10.2BQ2 2026 · Debt: $33.7BQ3 2023Q2 2026
CashDebt
Profitability+67.7%Q2 2026
+16.2%+33.4%+50.5%+67.7%Q3 2023 · Gross margin: +30.7%Q4 2023 · Gross margin: +27.1%Q1 2024 · Gross margin: +21.9%Q2 2024 · Gross margin: +32.0%Q3 2024 · Gross margin: +29.9%Q4 2024 · Gross margin: +30.7%Q1 2025 · Gross margin: +62.6%Q2 2025 · Gross margin: +64.9%Q3 2025 · Gross margin: +64.6%Q4 2025 · Gross margin: +64.1%Q1 2026 · Gross margin: +63.3%Q2 2026 · Gross margin: +67.7%Q3 2023 · Operating margin: +12.0%Q4 2023 · Operating margin: +7.3%Q1 2024 · Operating margin: +0.8%Q2 2024 · Operating margin: +12.9%Q3 2024 · Operating margin: +10.5%Q4 2024 · Operating margin: +10.2%Q1 2025 · Operating margin: +4.6%Q2 2025 · Operating margin: +8.7%Q3 2025 · Operating margin: +9.2%Q4 2025 · Operating margin: +9.0%Q1 2026 · Operating margin: +6.8%Q2 2026 · Operating margin: +6.2%Q3 2023 · Net margin: +7.9%Q4 2023 · Net margin: +4.4%Q1 2024 · Net margin: -1.0%Q2 2024 · Net margin: +8.8%Q3 2024 · Net margin: +6.5%Q4 2024 · Net margin: +6.7%Q1 2025 · Net margin: +2.9%Q2 2025 · Net margin: +6.4%Q3 2025 · Net margin: +6.2%Q4 2025 · Net margin: +6.8%Q1 2026 · Net margin: +4.8%Q2 2026 · Net margin: +4.6%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+16.0%Q2 2026
+4.0%+8.0%+12.0%+16.0%Q3 2024: +2.5%Q4 2024: +7.8%Q1 2025: +5.4%Q2 2025: +1.7%Q3 2025: +2.6%Q4 2025: +4.8%Q1 2026: +10.6%Q2 2026: +16.0%Q3 2023Q2 2026
Shares outstanding326.6MQ2 2026
83.6M167.3M250.9M334.5MQ3 2023: 332.4MQ4 2023: 331.3MQ1 2024: 328.3MQ2 2024: 333.9MQ3 2024: 332.7MQ4 2024: 334.5MQ1 2025: 333MQ2 2025: 327.2MQ3 2025: 326.9MQ4 2025: 327MQ1 2026: 326.8MQ2 2026: 326.6MQ3 2023Q2 2026
Valuation13.8Q2 2026
-19.7-8.33.214.6Q3 2023 · P/E: 3.0Q4 2023 · P/E: 5.6Q1 2024 · P/E: -31.2Q2 2024 · P/E: 3.0Q3 2024 · P/E: 4.9Q4 2024 · P/E: 8.1Q1 2025 · P/E: 14.6Q2 2025 · P/E: 6.6Q3 2025 · P/E: 8.2Q4 2025 · P/E: 8.8Q1 2026 · P/E: 10.8Q2 2026 · P/E: 13.8Q3 2023 · P/S: 1.0Q4 2023 · P/S: 1.0Q1 2024 · P/S: 1.2Q2 2024 · P/S: 1.1Q3 2024 · P/S: 1.3Q4 2024 · P/S: 2.2Q1 2025 · P/S: 1.7Q2 2025 · P/S: 1.7Q3 2025 · P/S: 2.1Q4 2025 · P/S: 2.4Q1 2026 · P/S: 2.1Q2 2026 · P/S: 2.5Q3 2023Q2 2026
P/EP/S
Revenue$59.1B2025
$14.8B$29.5B$44.3B$59.1B2018: $41.3B2019: $43.3B2020: $15.4B2021: $24.6B2022: $45B2023: $53.7B2024: $57.1B2025: $59.1B20182025
Net income$3.4B2025
-$4.5B-$1.9B$747.5M$3.4B2018: $2.1B2019: $3B2020: -$7.1B2021: -$2B2022: $737M2023: $2.6B2024: $3.1B2025: $3.4B20182025
EBITDA$7.5B2025
-$1.9B$1.6B$5B$8.5B2018: $5.4B2019: $6.8B2020: -$5.3B2021: $1.5B2022: $5.1B2023: $7.8B2024: $8.5B2025: $7.5B20182025
Free cash flow$2.6B2025
-$3.4B-$1B$1.4B$3.8B2018: $2.1B2019: $2.4B2020: -$5.9B2021: -$40M2022: $1.2B2023: -$260M2024: $3.8B2025: $2.6B20182025
EPS$10.22025
-$16.1-$6.86$2.36$11.62018: $7.72019: $11.62020: -$25.32021: -$6.12022: $2.232023: $7.892024: $9.452025: $10.220182025
Cash / Debt$5.9B2025
$9.8B$19.7B$29.5B$39.4B2018 · Cash: $1.7B2018 · Debt: $19.8B2019 · Cash: $2.8B2019 · Debt: $20.5B2020 · Cash: $11.3B2020 · Debt: $32.8B2021 · Cash: $18.3B2021 · Debt: $39.4B2022 · Cash: $7.2B2022 · Debt: $36.4B2023 · Cash: $6.1B2023 · Debt: $36.7B2024 · Cash: $8.8B2024 · Debt: $33.6B2025 · Cash: $5.9B2025 · Debt: $31B20182025
CashDebt
Profitability+64.1%2025
-18.5%+9.0%+36.6%+64.1%2018 · Gross margin: +26.8%2019 · Gross margin: +28.8%2020 · Gross margin: -32.8%2021 · Gross margin: +2.9%2022 · Gross margin: +23.7%2023 · Gross margin: +28.3%2024 · Gross margin: +34.0%2025 · Gross margin: +64.1%2018 · Operating margin: +7.8%2019 · Operating margin: +9.9%2020 · Operating margin: -41.4%2021 · Operating margin: -4.1%2022 · Operating margin: +5.2%2023 · Operating margin: +7.8%2024 · Operating margin: +8.9%2025 · Operating margin: +8.0%2018 · Net margin: +5.1%2019 · Net margin: +7.0%2020 · Net margin: -46.0%2021 · Net margin: -8.0%2022 · Net margin: +1.6%2023 · Net margin: +4.9%2024 · Net margin: +5.5%2025 · Net margin: +5.7%20182025
Gross marginOperating marginNet margin
Revenue growth+3.5%2025
-27.8%+9.0%+45.7%+82.5%2019: +4.7%2020: -64.5%2021: +60.4%2022: +82.5%2023: +19.5%2024: +6.2%2025: +3.5%20182025
Shares outstanding327M2025
83.3M166.6M249.9M333.2M2018: 276.7M2019: 259.9M2020: 279.4M2021: 321.9M2022: 330.1M2023: 331.9M2024: 333.2M2025: 327M20182025
Valuation11.02025
-1.24.810.716.72018 · P/E: 10.62019 · P/E: 7.62020 · P/E: -1.72021 · P/E: -7.22022 · P/E: 16.72023 · P/E: 5.22024 · P/E: 10.12025 · P/E: 11.02018 · P/S: 0.62019 · P/S: 0.52020 · P/S: 0.82021 · P/S: 0.62022 · P/S: 0.32023 · P/S: 0.32024 · P/S: 0.62025 · P/S: 0.620182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-10-20
Revenue est. $17.9B · Updated 1m ago
Dividend
$2.15
2008-01-07

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 20268.08$68.4B+16%13
FY 202712.89$72.8B+23%13
FY 202817.81$76.3B+29%6
FY 202922.06$80.8B+37%3
FY 203023.24$84.5B+43%2
Q1 20281.79$17.1B+17%6

Company events

6
2026-10-20Earnings · After market closeActual - / Estimate 2.61-
2026-07-15EarningsActual 1.99 / Estimate 1.88Beat
2026-04-21EarningsActual 1.19 / Estimate 1.08Beat
2026-01-20EarningsActual 3.1 / Estimate 2.93Beat
2025-10-15EarningsActual 2.78 / Estimate 2.65Beat
2025-07-16EarningsActual 3.87 / Estimate 3.81Beat

Peer comparison

Similar listed perps
NameMarket capP/SP/EProfit marginVenues
ZHIPU$35.2B106.7-34.7-297.0%19PCG$35.2B1.49.5+12.3%1RBLX$34.4B6.0-33.6-17.6%3EL$35.5B2.4192.3+1.2%1DOOSENER$34.2B2.6252.9+1.0%1AXON$34.1B10.6170.4+6.2%3KVUE$34B2.220.3+10.8%1FANUC$36B6.431.7+20.1%1

Analyst track record

How the analysts covering UAL have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings163388
Analysts2230
Buy / hold / sell161 / 2 / 0363 / 24 / 1
Upgrades / downgrades / initiations0 / 0 / 38 / 3 / 7
Price targets hit / missed1 / 157 (1%)143 / 233 (38%)
Avg. return after a rating (TipRanks)-25.2%+4.8%
Best / worst call+17.2% / -47.6%+168.7% / -47.6%

After buy calls on this stock: median 21-day move +1.9% vs S&P 500 0.0% (n = 350)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. David VernonBernstein100% hit rate on this stock · 33 targets measuredBuytarget $162Sep 22, 2026
  2. Daniel MckenzieSeaport Global89% hit rate on this stock · 9 targets measuredBuyno targetApr 12, 2026
  3. Andrew DidoraBank of America Securities88% hit rate on this stock · 17 targets measuredBuytarget $145Oct 5, 2026

Latest ratings

DateAnalystCallTarget
Oct 8, 2026Ravi ShankerMorgan StanleyBuyReiterated$190article ↗
Oct 7, 2026Jamie BakerJ.P. MorganBuyMaintained$203article ↗
Oct 7, 2026Christopher StathoulopoulosSusquehannaBuyReiterated$150article ↗
Oct 8, 2026Christian WetherbeeWells FargoBuyReiterated$160article ↗
Oct 6, 2026John GodynCitiBuyMaintained$171article ↗

TipRanks data via FMP · computed Oct 12, 2026 · 163 ratings

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