United Airlines Holdings (UAL) EBITDA Margin (2009 - 2026)
United Airlines Holdings' EBITDA Margin came in at 12.44% for Q3 2026, down 1.52 percentage points from 13.96% a year earlier but up 1.92 percentage points from the prior quarter.
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Analysis
United Airlines Holdings (UAL) EBITDA Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, United Airlines Holdings reported EBITDA Margin of 12.15%, down 1.17 percentage points year-over-year; for FY2025, it came in at 13.08%, down 1.27 percentage points from FY2024.
- EBITDA Margin carries a five-year change of +37.68 percentage points (FY2020 to FY2025).
- Going back by year, EBITDA Margin was 14.35% in FY2024 (+1.28 pp), 13.07% in FY2023 (+2.06 pp), 11.01% in FY2022 (+4.38 pp) and 6.63% in FY2021 (+31.23 pp).
- The five-year range for quarterly EBITDA Margin is -10.11% (Q1 2022) to 17.67% (Q2 2024).
- Year-over-year, EBITDA Margin increased in three of the last eight quarters, with an average year-over-year change of -0.40 percentage points.
- The fastest year-over-year change in EBITDA Margin over five years came in Q4 2021 (a gain of 46.71 percentage points), and the weakest in Q3 2022 (a drop of 5.36 percentage points).
- Business Quant data shows UAL's EBITDA Margin at 10.51% (Q2 2026), 12.00% (Q1 2026) and 13.85% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 177.13 Bn | 169.38 Bn | - | 49.83% |
| 2 | Csx | 95.25 Bn | 90.48 Bn | - | 49.37% |
| 3 | Canadian Pacific Kansas City | 79.66 Bn | 79.37 Bn | - | 47.81% |
| 4 | United Parcel Service | 76.08 Bn | 53.01 Bn | - | 8.36% |
| 5 | Norfolk Southern | 75.89 Bn | 70.35 Bn | - | 42.91% |
| 6 | Fedex | 71.92 Bn | 37.86 Bn | - | 10.71% |
| 7 | Delta Air Lines | 52.14 Bn | 34.32 Bn | - | 10.54% |
| 8 | Old Dominion Freight Line | 39.40 Bn | 38.66 Bn | - | 35.84% |
| 9 | United Airlines Holdings | 33.14 Bn | -24.56 Bn | - | 12.44% |
| 10 | Ryanair Holdings | 28.01 Bn | 11.66 Bn | - | 22.64% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.44% |
| Jun 30, 2026 | 10.51% |
| Mar 31, 2026 | 12.00% |
| Dec 31, 2025 | 13.85% |
| Sep 30, 2025 | 13.96% |
| Jun 30, 2025 | 13.51% |
| Mar 31, 2025 | 10.10% |
| Dec 31, 2024 | 15.39% |
| Sep 30, 2024 | 15.54% |
| Jun 30, 2024 | 17.67% |
| Mar 31, 2024 | 6.44% |
| Dec 31, 2023 | 12.34% |
| Sep 30, 2023 | 16.58% |
| Jun 30, 2023 | 15.42% |
| Mar 31, 2023 | 5.35% |
| Dec 31, 2022 | 16.14% |
| Sep 30, 2022 | 16.06% |
| Jun 30, 2022 | 12.29% |
| Mar 31, 2022 | -10.11% |
| Dec 31, 2021 | 2.58% |
API Access
United Airlines Holdings EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=UAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "UAL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=UAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();