United Airlines Holdings (UAL) Return on Assets [ROA] (2010 - 2026)
United Airlines Holdings' Return on Assets [ROA] came in at 4.21% for Q3 2026, down 0.08 percentage points from 4.29% a year earlier and down 0.01 percentage points from the prior quarter.
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Analysis
United Airlines Holdings (UAL) Return on Assets [ROA] (2010 - 2026) Analysis & Trends
For FY2025, United Airlines Holdings' Return on Assets [ROA] was 4.45%, up 0.12 percentage points from FY2024.
- Return on Assets [ROA] has increased in each of the last five years, with a five-year change of +17.06 percentage points (FY2020 to FY2025).
- Going back by year, Return on Assets [ROA] was 4.34% in FY2024 (+0.56 pp), 3.78% in FY2023 (+2.69 pp), 1.09% in FY2022 (+4.16 pp) and -3.08% in FY2021 (+9.53 pp).
- The Q3 2026 figure represents the lowest quarterly Return on Assets [ROA] since Q3 2024.
- Year-over-year, Return on Assets [ROA] has declined for three consecutive quarters, with an average year-over-year change of +0.28 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Assets [ROA] over five years came in Q4 2021 (a gain of 8.85 percentage points), and the weakest in Q1 2026 (a drop of 0.22 percentage points).
- Business Quant data shows UAL's Return on Assets [ROA] at 4.22% (Q2 2026), 4.66% (Q1 2026) and 4.39% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 178.63 Bn | 170.88 Bn | - | 10.59% |
| 2 | Csx | 94.16 Bn | 89.39 Bn | - | 8.03% |
| 3 | United Parcel Service | 83.47 Bn | 60.32 Bn | 22.04 Bn | 6.14% |
| 4 | Canadian Pacific Kansas City | 81.54 Bn | 81.26 Bn | 57.15 Mn | 4.42% |
| 5 | Fedex | 75.60 Bn | 41.80 Bn | 18.84 Bn | 4.58% |
| 6 | Norfolk Southern | 73.66 Bn | 68.13 Bn | - | 5.89% |
| 7 | Delta Air Lines | 60.67 Bn | 42.86 Bn | - | 3.92% |
| 8 | United Airlines Holdings | 39.17 Bn | -18.53 Bn | - | 4.21% |
| 9 | Old Dominion Freight Line | 34.72 Bn | 33.56 Bn | 1.56 Bn | 19.98% |
| 10 | Ryanair Holdings | 31.95 Bn | 16.22 Bn | - | 8.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 4.21% |
| Jun 30, 2026 | 4.22% |
| Mar 31, 2026 | 4.66% |
| Dec 31, 2025 | 4.39% |
| Sep 30, 2025 | 4.29% |
| Jun 30, 2025 | 4.32% |
| Mar 31, 2025 | 4.87% |
| Dec 31, 2024 | 4.29% |
| Sep 30, 2024 | 3.79% |
| Jun 30, 2024 | 4.05% |
| Mar 31, 2024 | 3.76% |
| Dec 31, 2023 | 3.63% |
| Sep 30, 2023 | 3.91% |
| Jun 30, 2023 | 3.71% |
| Mar 31, 2023 | 2.79% |
| Dec 31, 2022 | 1.08% |
| Sep 30, 2022 | -1.08% |
| Jun 30, 2022 | -1.75% |
| Mar 31, 2022 | -2.89% |
| Dec 31, 2021 | -2.86% |
API Access
United Airlines Holdings Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=UAL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=UAL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();