United Airlines Holdings, Inc. (UAL) Free cash flow
- Free cash flow · 12 months (USD): Value (m); Formula and calculation Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2026-06-30..
- Price / free cash flow · 12 months: Value (m); Formula and calculation Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2026-06-30..
- Free cash flow yield · 12 months: Value (m); Formula and calculation (Operating cash flow − capital spending) / current market cap. Period ending 2026-06-30..
- Free cash flow margin · 12 months: Value (m); Formula and calculation (Operating cash flow − capital spending) / revenue. Period ending 2026-06-30..
Free cash flow
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| Free cash flow · 12 months (USD) | (m) | Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Price / free cash flow · 12 months | (m) | Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow yield · 12 months | (m) | (Operating cash flow − capital spending) / current market cap. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow margin · 12 months | (m) | (Operating cash flow − capital spending) / revenue. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow per share · 12 months | (m) | (Trailing-year operating cash flow − capital spending) / reported quarter-end common shares. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Operating cash flow · 12 months | $8.91B | Cash generated by operating activities. Period ending 2026-06-30. |
| Operating cash flow / net income · 12 months | 2.55× | Operating cash flow / net income. Period ending 2026-06-30. $8.91B ÷ $3.50B ≈ 2.55× |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Operating cash flow | 8.91B USD | Net Cash Provided by (Used in) Operating Activities · Net Cash Provided by (Used in) Operating Activities, Continuing Operations |
| Capital spending | (m) | |
| Market cap | (m) | |
| Free cash flow | (m) | Net Cash Provided by (Used in) Operating Activities · Net Cash Provided by (Used in) Operating Activities, Continuing Operations |
| Revenue | 62.90B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Quarter-end shares | (m) | Common Stock, Shares, Outstanding |
| Net income | 3.50B USD | Net Income (Loss) Attributable to Parent |
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Free cash flow | FCF per share | Operating cash flow | Capital spending (USD) | Market cap (USD) | Revenue (USD) | Quarter-end shares (shares) | Net income (USD) | Price / FCF | FCF yield | FCF margin | Cash conversion |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | (m) | (m) | $8.91B | (m) | (m) | $62.90B | (m) | $3.50B | (m) | (m) | (m) | 2.55× |
| 2026-03-31 | (m) | (m) | $9.52B | (m) | (m) | $60.47B | (m) | $3.67B | (m) | (m) | (m) | 2.60× |
| 2025-12-31 | (m) | (m) | $8.43B | (m) | (m) | $59.07B | (m) | $3.35B | (m) | (m) | (m) | 2.51× |
| 2025-09-30 | (m) | (m) | $9.37B | (m) | (m) | $58.37B | (m) | $3.29B | (m) | (m) | (m) | 2.84× |
| 2025-06-30 | (m) | (m) | $9.65B | (m) | (m) | $57.99B | (m) | $3.31B | (m) | (m) | (m) | 2.91× |
| 2025-03-31 | (m) | (m) | $10.31B | (m) | (m) | $57.74B | (m) | $3.66B | (m) | (m) | (m) | 2.82× |
| 2024-12-31 | (m) | (m) | $9.45B | (m) | (m) | $57.06B | (m) | $3.15B | (m) | (m) | (m) | 3.00× |
| 2024-09-30 | (m) | (m) | $6.31B | (m) | (m) | $55.99B | (m) | $2.76B | (m) | (m) | (m) | 2.28× |
| 2024-06-30 | (m) | (m) | $5.69B | (m) | (m) | $55.63B | (m) | $2.94B | (m) | (m) | (m) | 1.94× |
| 2024-03-31 | (m) | (m) | $6.62B | (m) | (m) | $54.83B | (m) | $2.69B | (m) | (m) | (m) | 2.46× |
| 2023-12-31 | (m) | (m) | $6.91B | (m) | (m) | $53.72B | (m) | $2.62B | (m) | (m) | (m) | 2.64× |
| 2023-09-30 | (m) | (m) | $8.98B | (m) | (m) | $52.49B | (m) | $2.86B | (m) | (m) | (m) | 3.14× |
| 2023-06-30 | (m) | (m) | $8.84B | (m) | (m) | $50.88B | (m) | $2.67B | (m) | (m) | (m) | 3.32× |
| 2023-03-31 | (m) | (m) | $7.73B | (m) | (m) | $48.82B | (m) | $1.92B | (m) | (m) | (m) | 4.03× |
| 2022-12-31 | (m) | (m) | $6.07B | (m) | (m) | $44.95B | (m) | $737.00M | (m) | (m) | (m) | 8.23× |
| 2022-09-30 | (m) | (m) | $4.64B | (m) | (m) | $40.75B | (m) | $-752.00M | (m) | (m) | (m) | -6.17× |
| 2022-06-30 | (m) | (m) | $3.11B | (m) | (m) | $35.62B | (m) | $-1.22B | (m) | (m) | (m) | -2.55× |
| 2022-03-31 | (m) | (m) | $3.10B | (m) | (m) | $28.98B | (m) | $-1.98B | (m) | (m) | (m) | -1.56× |
| 2021-12-31 | (m) | (m) | $2.07B | (m) | (m) | $24.63B | (m) | $-1.96B | (m) | (m) | (m) | -1.05× |
| 2021-09-30 | (m) | (m) | $159.00M | (m) | (m) | $19.85B | (m) | $-3.21B | (m) | (m) | (m) | -0.05× |
| 2021-06-30 | (m) | (m) | $-944.00M | (m) | (m) | $14.59B | (m) | $-5.53B | (m) | (m) | (m) | 0.17× |
| 2021-03-31 | (m) | (m) | $-3.75B | (m) | (m) | $10.60B | (m) | $-6.72B | (m) | (m) | (m) | 0.56× |
| 2020-12-31 | (m) | (m) | $-4.13B | (m) | (m) | $15.36B | (m) | $-7.07B | (m) | (m) | (m) | 0.58× |
| 2020-09-30 | (m) | (m) | $-775.00M | (m) | (m) | $22.83B | (m) | $-4.53B | (m) | (m) | (m) | 0.17× |
| 2020-06-30 | (m) | (m) | $2.22B | (m) | (m) | $31.72B | (m) | $-1.67B | (m) | (m) | (m) | -1.33× |
| 2020-03-31 | (m) | (m) | $5.06B | (m) | (m) | $41.65B | (m) | $1.01B | (m) | (m) | (m) | 4.99× |
| 2019-12-31 | (m) | (m) | $6.91B | (m) | (m) | $43.26B | (m) | $3.01B | (m) | (m) | (m) | 2.30× |
| 2019-09-30 | (m) | (m) | $6.87B | (m) | (m) | $42.86B | (m) | $2.84B | (m) | (m) | (m) | 2.42× |
| 2019-06-30 | (m) | (m) | $6.65B | (m) | (m) | $42.48B | (m) | $2.65B | (m) | (m) | (m) | 2.52× |
| 2019-03-31 | (m) | (m) | $6.39B | (m) | (m) | $41.86B | (m) | $2.28B | (m) | (m) | (m) | 2.81× |
| 2018-12-31 | (m) | (m) | $6.16B | (m) | (m) | $41.30B | (m) | $2.12B | (m) | (m) | (m) | 2.90× |
| 2018-09-30 | (m) | (m) | $5.81B | (m) | (m) | $40.22B | (m) | $2.23B | (m) | (m) | (m) | 2.60× |
| 2018-06-30 | (m) | (m) | $5.48B | (m) | (m) | $39.11B | (m) | $2.04B | (m) | (m) | (m) | 2.68× |
| 2018-03-31 | (m) | (m) | $4.58B | (m) | (m) | $38.39B | (m) | $2.19B | (m) | (m) | (m) | 2.09× |
| 2017-12-31 | (m) | (m) | $3.47B | (m) | (m) | $37.78B | (m) | $2.14B | (m) | (m) | (m) | 1.62× |
| 2017-09-30 | (m) | (m) | $3.34B | (m) | (m) | $37.38B | (m) | $1.96B | (m) | (m) | (m) | 1.70× |
| 2017-06-30 | (m) | (m) | $3.90B | (m) | (m) | $37.40B | (m) | $2.28B | (m) | (m) | (m) | 1.71× |
| 2014-06-30 | (m) | (m) | $2.06B | (m) | (m) | $38.58B | (m) | $699.00M | (m) | (m) | (m) | 2.95× |
| 2014-03-31 | (m) | (m) | $1.75B | (m) | (m) | $38.25B | (m) | $379.00M | (m) | (m) | (m) | 4.60× |
| 2013-12-31 | (m) | (m) | $1.44B | (m) | (m) | $38.28B | (m) | $571.00M | (m) | (m) | (m) | 2.53× |
| 2013-09-30 | (m) | (m) | $1.87B | (m) | (m) | $37.65B | (m) | $-189.00M | (m) | (m) | (m) | -9.88× |
| 2013-06-30 | (m) | (m) | $1.39B | (m) | (m) | $37.33B | (m) | $-562.00M | (m) | (m) | (m) | -2.48× |
| 2013-03-31 | (m) | (m) | $1.20B | (m) | (m) | $37.27B | (m) | $-692.00M | (m) | (m) | (m) | -1.74× |
| 2012-12-31 | (m) | (m) | $935.00M | (m) | (m) | $37.15B | (m) | $-723.00M | (m) | (m) | (m) | -1.29× |
| 2012-09-30 | (m) | (m) | $1.11B | (m) | (m) | $37.38B | (m) | $-241.00M | (m) | (m) | (m) | -4.61× |
| 2012-06-30 | (m) | (m) | $1.73B | (m) | (m) | $37.64B | (m) | $406.00M | (m) | (m) | (m) | 4.27× |
| 2012-03-31 | (m) | (m) | $1.53B | (m) | (m) | $37.51B | (m) | $605.00M | (m) | (m) | (m) | 2.52× |
| 2011-12-31 | (m) | (m) | $2.41B | (m) | (m) | $37.11B | (m) | $840.00M | (m) | (m) | (m) | 2.87× |
| 2011-09-30 | (m) | (m) | $2.25B | (m) | (m) | $36.55B | (m) | $653.00M | (m) | (m) | (m) | 3.44× |
| 2011-06-30 | (m) | (m) | $2.31B | (m) | (m) | $31.84B | (m) | $387.00M | (m) | (m) | (m) | 5.97× |
| 2011-03-31 | (m) | (m) | $2.43B | (m) | (m) | $27.19B | (m) | $122.00M | (m) | (m) | (m) | 19.92× |
| 2010-12-31 | (m) | (m) | $1.91B | (m) | (m) | $23.23B | (m) | $253.00M | (m) | (m) | (m) | 7.54× |
| 2010-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-12-31 | (m) | (m) | $966.00M | (m) | (m) | $16.34B | (m) | $-651.00M | (m) | (m) | (m) | -1.48× |
| 2009-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-12-31 | (m) | (m) | $-1.24B | (m) | (m) | $20.19B | (m) | $-5.40B | (m) | (m) | (m) | 0.23× |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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