Screener / SEC EDGAR /CIK 0000100517 /10-K filed Feb 12, 2026, compared with Feb 27, 2025 /Numbers from the XBRL of the 10-Ks
Industrials peers:
Nasdaq Industrials · Airlines

United Airlines Holdings UAL

United Airlines Holdings, Inc. (together with its consolidated subsidiaries, "UAL" or the "Company") is a holding company and its wholly-owned subsidiary is United Airlines, Inc. (together with its consolidated subsidiaries, "United"). 10-K, Item 1

Headquarters
Chicago, IL
CEO
J. Scott Kirby
Next results
around Jan 19, 2027
Compare with peers Embed

UAL among Industrials peers

Six ratios from the latest 10-K. Each corner is the share of 81 peers the company is above, not a score.

Compare
Revenue growth: 3.5%, above 40% of 81 peers (their median 4.9%) REVENUE GROWTH 3.5% · above 40% Operating margin: 7.5%, above 18% of 71 peers (their median 17.5%) OPERATING MARGIN 7.5% · above 18% Net margin: 5.5%, above 14% of 81 peers (their median 13.0%) NET MARGIN 5.5% · above 14% FCF margin: 1.7%, above 4% of 78 peers (their median 13.3%) FCF MARGIN 1.7% · above 4% Return on capital: 8.3%, above 22% of 65 peers (their median 14.2%) RETURN ON CAPITAL 8.3% · above 22%
UAL Peer median Below the median

What changed

6 new risk paragraphs. 10-K filed Feb 12, 2026 against Feb 27, 2025.

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

10 checks on the latest 10-K. Checks, not verdicts.

How it works

0facts worth reading about all 10 checks found nothing to note

  • Receivables +10.5% vs revenue +3.5% (+7.0 pts)
  • Cash from operations $8.4B vs net income $3.4B (FY ending Dec 31, 2025)
  • Same auditor in both 10-Ks: Ernst & Young LLP
7 more checks with nothing to note
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Indefinite-lived Intangible Asset (China Route Authority) Impairment Analysis
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

6 paragraphs in Risk Factors that were not in the 10-K filed Feb 27, 2025. Quoted as filed.

All 6 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1A
    Our MileagePlus loyalty program plays a significant role in our business, and unfavorable developments affecting the program could adversely affect our business and results of operations.
  2. Item 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1A
    As discussed in Part I, Item 1. Business—Our Approach to Corporate Citizenship and Value Creation—Environmental Sustainability Strategy, the Company has made commitments to reduce its GHG emissions by 100% by 2050 and its carbon emission intensity by 50% by 2035 compared to 2019. The Company has incurred, and expects to continue to…

New risk paragraphs, against peers

Latest 10-K of each, Industrials companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$45.0B$53.7B$57.1B$59.1B
Net income$737.0M$2.6B$3.1B$3.4B
Operating cash flow$6.1B$6.9B$9.4B$8.4B
Free cash flow$1.2B−$260.0M$3.8B$2.6B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$59.1B ▲ 3.5% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

3 filings in the last 30 days · SEC EDGAR

All filings

About the company

United Airlines Holdings, Chicago, IL · from the 10-K filed Feb 12, 2026

United Airlines Holdings, Inc. (together with its consolidated subsidiaries, "UAL" or the "Company") is a holding company and its wholly-owned subsidiary is United Airlines, Inc. (together with its consolidated subsidiaries, "United"). United's shared purpose is "Connecting People. Uniting the World." United has the most comprehensive route network among North American carriers, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, New York/Newark, San Francisco and Washington, D.C.

Headquarters
Chicago, IL
Country
United States
Reports in
USD
Listed on
Nasdaq
Fiscal year ends
December 31
Last results
Oct 20, 2026
Incorporated in
DE

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Sources

The 10-K filed Feb 12, 2026 (open at SEC), compared with the 10-K filed Feb 27, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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