OakChart

United Airlines Holdings Inc

UALIndustrials·Airlines·USA·Large·NASD·Nov 13 • 7:00 AM ET

112.12+0.87 (0.78%)
2026-11-13 13:01 CET
Market cap
$36.43B
Revenue, TTM
65,552.00 USD m
Net income, TTM
3,577.00 USD m
Free cash flow, TTM
1,116.00 USD m
EPS diluted, TTM
10.94
Price / earnings
10.25
Compare

Price

UAL against its 20, 50 and 200-day averages
Terms2050200Beat
Patternshover a marker to name it
RS 33Sales 18,622Price18,18418,320100.00120.00140.005.3M10.7MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26UALclose 112.1220-day 107.5750-day 108.18200-day 108.30112.1252w high 138.7752-week range, not 6 months

19.2% under the 52-week high of 138.77 on 30 Jun 2026. 52-week low 84.64 on 30 Mar 2026. Last 15 sessions, 24.1% high to low

Volume 0.03× normal · the line is the 50-bar volume average

Setup. RS line 33
CANSLIM 2 of 6 — fails: EPS Growth Qtr Over Qtr: High (>25%); EPS Growth This Year: High (>25%); 52-Week High/Low: 0-10% below High; Performance: Year +50%
VCP 3 of 6 — fails: 50-Day Simple Moving Average: SMA50 above SMA200; 52-Week High/Low: 0-10% below High; Average True Range: Under 2
Minervini 1 of 4 — fails: 50-Day Simple Moving Average: SMA50 above SMA200; 52-Week High/Low: 0-10% below High; Performance: Year +50%
Zanger 2 of 5 — fails: Performance: Week +10%; 20-Day High/Low: 0-5% below High; Relative Volume: Over 1.5
Leaders 3 of 5 — fails: Performance: Year +50%; 52-Week High/Low: 0-10% below High
Breakout 2 of 4 — fails: 52-Week High/Low: New High; Relative Volume: Over 2
Growth 2 of 4 — fails: EPS Growth Qtr Over Qtr: High (>25%); EPS Growth This Year: High (>25%)
Quality 2 of 5 — fails: Net Profit Margin: High (>20%); Debt/Equity: Low (<0.1); Current Ratio: Over 1
Value 2 of 4 — fails: P/B: Under 2; Debt/Equity: Low (<0.1)
Income 2 of 4 — fails: Dividend Growth: Growing 2+ Years — not on the tape: Dividend Yield: Over 2%
Small Cap 2 of 4 — fails: Float: Under 100M; Performance: Year +50%
Accumulation 3 of 4 — fails: Institutional Transactions: Over +10%
Relative Strength 2 of 3 — fails: Performance: Year +100%

Profile

UAL
52-week range, 51% of the way up
84.64138.77

United Airlines Holdings, Inc. is a holding company, which engages in the provision of transportation services. It operates through the following geographical segments: Domestic, Atlantic, Pacific, and Latin America. The company was founded on December 30, 1968 and is headquartered in Chicago, IL.

IndexS&P 500, RUI
Employees113200
IPOJan 25, 2006
Beta1.36
ATR, 14d5.02
Rel volume0.03
Short float2.67%
Insider own0.87%
Inst own92.45%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap$36.43B
Enterprise Value56.07B
Income3.58B
Sales65.55B
Book / share54.65
Cash / share45.10
Dividend Est.-
Dividend TTM-
Dividend Ex-DateJan 07, 2008
Dividend Gr. 3/5Y- -
Payout0.00%
Employees113200
IPOJan 25, 2006

Ratios

Price / earnings10.25
Forward price / earnings9.55
Price / earnings / growth0.53
Price / sales0.56
Price / book2.05
Price / cash2.49
Price / free cash flow32.64
Value / cash profit7.78
Value / sales0.86
Quick Ratio0.68
Current Ratio0.75
Debt / equity1.93
Long-term debt / equity1.77
Options and shortYes / Yes

Earnings

Earnings / share10.94
Earnings next year11.74
Earnings next quarter1.22
Earnings this year-33.44%
Earnings next year66.15%
Earnings growth, 5 years17.94%
Past earnings growth65.97% -
Past sales growth9.53% 30.93%
Earnings vs last year9.08%
Sales vs last year12.31%
Earnings vs last quarter8.26%
Sales vs last quarter17.41%
EarningsOct 20 AMC
Surprise-1.14% -0.11%

Ownership

Insiders own0.87%
Insider trades-15.35%
Institutions own92.45%
Institution trades1.94%
Return on assets4.43%
Return on equity22.31%
Return on capital7.26%
Gross Margin26.06%
Operating margin6.36%
Profit Margin5.46%
20-day average4.23%
50-day average3.64%
200-day average3.52%

Technical

Shares out324.89M
Shares floating322.06M
Short / float2.67%
Short ratio1.94
Short interest8.59M
52-week high138.77 -19.2%
52-week low84.64 +32.5%
Volatility3.18% 4.61%
Average range5.02
Strength index53.01
Market sensitivity1.36
Relative volume0.03
Avg Volume4.42M
Volume5,718

Performance

Perf Week-0.55%
Perf Month10.67%
Perf Quarter-8.30%
Perf Half Y20.75%
Perf YTD0.26%
Perf Year15.38%
Perf 3Y194.19%
Perf 5Y125.00%
Perf 10Y86.08%
Recommendation1.30
Target Price152.95
Prev Close111.25
Price112.12
Change %0.78%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Dec 18, 2025InitiatedWells FargoOverweight$145+29.3%
Dec 12, 2025ResumedUBSBuy$142+26.7%
Dec 09, 2025InitiatedBMO Capital MarketsOutperform$125+11.5%
Dec 04, 2025InitiatedCitigroupBuy$132+17.7%
Oct 20, 2025ReiteratedTD CowenBuy$127 → $138+23.1%
Jul 21, 2025ReiteratedTD CowenBuy$101 → $127+13.3%
May 19, 2025UpgradeUBSNeutral → Buy$105-6.3%
Apr 22, 2025ReiteratedTD CowenBuy$73 → $88-21.5%
Apr 07, 2025DowngradeUBSBuy → Neutral$59-47.4%
Apr 02, 2025DowngradeRaymond JamesOutperform → Mkt Perform

Peers

Mkt cap
TickerCompanyMkt cap
DALDelta Air Lines Inc57.35B
AALAmerican Airlines Group Inc8.90B
LUVSouthwest Airlines Co22.14B
ALKAlaska Air Group Inc4.43B
JBLUJetblue Airways Corp1.46B
LTMLATAM Airlines Group SA ADR13.56B
CPACopa Holdings SA5.83B
RYAAYRyanair Holdings Plc ADR30.26B
SKYWSkywest Inc3.14B
ULCCFrontier Group Holdings Inc1.78B

Insider trading

latest 14 of 50
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
KIRBY J SCOTTChief Executive OfficerNov 10 '26Sale119.7990,36710,825,063750,755Nov 10 09:45 PM
Nocella Andrew PEVP & Chief Commercial OfficerNov 09 '26Sale119.417,500895,575207,455Nov 10 09:45 PM
Leskinen Michael D.EVP & Chief Financial OfficerNov 06 '26Sale112.5914,7111,656,31132,725Nov 10 09:45 PM
Gebo KateEVP HR and Labor RelationsNov 09 '26Sale119.5928,2833,382,36440,735Nov 10 09:45 PM
Gebo KateEVP HR and Labor RelationsNov 09 '26Sale119.5011,7171,400,18257,301Nov 10 09:45 PM
KIRBY J SCOTTOfficerNov 10 '26Proposed Sale120.2390,36710,864,824Nov 10 03:17 PM
Gebo KateOfficerNov 09 '26Proposed Sale119.5928,2833,382,475Nov 09 03:18 PM
Gebo KateMember of immediate family ofNov 09 '26Proposed Sale119.5011,7171,400,126Nov 09 03:08 PM
Nocella Andrew POfficerNov 09 '26Proposed Sale119.417,500895,575Nov 09 02:04 PM
Leskinen Michael D.OfficerNov 06 '26Proposed Sale111.3814,7111,638,511Nov 06 02:03 PM
Hart Brett JPresidentOct 30 '26Sale102.6839,0004,004,520325,122Nov 03 06:26 PM
Hart Brett JOfficerOct 30 '26Proposed Sale102.6839,0004,004,656Oct 30 11:11 AM
Nocella Andrew PEVP & Chief Commercial OfficerAug 25 '26Sale117.005,000585,000214,955Aug 27 05:32 PM
Nocella Andrew POfficerAug 25 '26Proposed Sale117.005,000585,000Aug 25 10:12 AM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 696.31B
VOOVanguard S&P 500 ETFAUM: 1070.75B
VOVanguard Morningstar Mid-Cap ETFAUM: 108.45B
IVViShares Core S&P 500 ETFAUM: 882.14B
SPYSPDR S&P 500 ETF TrustAUM: 805.69B
VTVVanguard Morningstar Value ETFAUM: 198.14B
RSPInvesco S&P 500 Equal Weight ETFAUM: 105.70B
VOEVanguard Morningstar Mid-Cap Value ETFAUM: 24.78B
XLIState Street Industrial Select Sector SPDR ETFAUM: 31.31B
IWRiShares Russell Mid-Cap ETFAUM: 59.29B

News

latest 14 of 200

Quarterly earnings

2026Q3 EPS 2.540 missed 2.569, from 2.780 a year earlier. Sales 17,875 missed 17,894, from 15,225 a year earlier
EPS
3.87002024Q4 EPS 3.260 against 3.03824Q42025Q1 EPS 0.910 against 0.75025Q12025Q2 EPS 3.870 against 3.81025Q22025Q3 EPS 2.780 against 2.65425Q32025Q4 EPS 3.100 against 2.93125Q42026Q1 EPS 1.190 against 1.07826Q12026Q2 EPS 1.990 against 1.87626Q22026Q3 EPS 2.540 against 2.56926Q3
Sales, USD millions
17,89402024Q4 sales 14,695 against 14,40624Q42025Q1 sales 13,213 against 13,23125Q12025Q2 sales 15,236 against 15,35825Q22025Q3 sales 15,225 against 15,33225Q32025Q4 sales 15,397 against 15,37425Q42026Q1 sales 14,608 against 14,38726Q12026Q2 sales 17,672 against 17,62026Q22026Q3 sales 17,875 against 17,89426Q3

The outline behind the bar is the estimate. The filled bar is the print. Green beat it, red missed it.

PeriodReportedEPS adjustedEPS estEPS reportedSales act, USD mSales est, USD mSurpriseYear-ago quarterAnalystsNext session
2026Q3ended 2026-09-302026-10-20 16:302.5402.5693.14017,87517,894EPS -1.1% · sales -0.1%vs 2025Q3, year-ago quarter · EPS -8.6% · sales +17.4%21 EPS · 17 salesOpen -0.28% vs SPY +0.28%. Close +3.99% vs SPY +0.53%
2026Q2ended 2026-06-302026-07-15 16:301.9901.8762.46517,67217,620EPS +6.1% · sales +0.3%vs 2025Q2, year-ago quarter · EPS -48.6% · sales +16.0%20 EPS · 18 salesOpen -3.58% vs SPY -0.27%. Close -1.79% vs SPY -0.54%
2026Q1ended 2026-03-312026-04-21 16:301.1901.0782.13914,60814,387EPS +10.4% · sales +1.5%vs 2025Q1, year-ago quarter · EPS +30.8% · sales +10.6%20 EPS · 18 salesOpen -1.15% vs SPY +0.72%. Close -5.58% vs SPY +1.01%
2025Q4ended 2025-12-312026-01-20 16:303.1002.9313.19315,39715,374EPS +5.8% · sales +0.2%vs 2024Q4, year-ago quarter · EPS -4.9% · sales +4.8%20 EPS · 18 salesOpen +3.11% vs SPY +0.31%. Close +2.20% vs SPY +1.15%
2025Q3ended 2025-09-302025-10-15 16:302.7802.6542.90315,22515,332EPS +4.8% · sales -0.7%vs 2024Q3, year-ago quarter · EPS -16.5% · sales +2.6%17 EPS · 15 salesOpen -1.07% vs SPY +0.25%. Close -5.63% vs SPY -0.68%
2025Q2ended 2025-06-302025-07-16 16:303.8703.8102.97415,23615,358EPS +1.6% · sales -0.8%vs 2024Q2, year-ago quarter · EPS -6.5% · sales +1.7%17 EPS · 15 salesOpen +3.86% vs SPY +0.03%. Close +3.11% vs SPY +0.61%
2025Q1ended 2025-03-312025-04-15 16:300.9100.7501.16213,21313,231EPS +21.4% · sales -0.1%vs 2024Q1, year-ago quarter · EPS -706.7% · sales +5.4%17 EPS · 15 salesOpen +3.93% vs SPY -1.10%. Close -0.01% vs SPY -2.22%
2024Q4ended 2024-12-312025-01-21 16:303.2603.0382.94514,69514,406EPS +7.3% · sales +2.0%vs 2023Q4, year-ago quarter · EPS +63.0% · sales +7.8%17 EPS · 15 salesOpen +4.82% vs SPY +0.48%. Close -2.31% vs SPY +0.56%
2024Q3ended 2024-09-302024-10-15 16:303.3303.1652.90114,84314,774EPS +5.2% · sales +0.5%vs 2023Q3, year-ago quarter · EPS -8.8% · sales +2.5%15 EPS · 13 salesOpen +2.11% vs SPY 0.00%. Close +12.44% vs SPY +0.43%
2024Q2ended 2024-06-302024-07-17 16:304.1403.9313.96214,98615,039EPS +5.3% · sales -0.4%vs 2023Q2, year-ago quarter · EPS -17.7% · sales +5.7%15 EPS · 12 salesOpen +2.07% vs SPY +0.28%. Close -1.17% vs SPY -0.77%
2024Q1ended 2024-03-312024-04-16 16:30-0.150-0.542-0.37812,53912,450EPS -72.3% · sales +0.7%vs 2023Q1, year-ago quarter · EPS -76.2% · sales +9.7%15 EPS · 12 salesOpen +7.11% vs SPY +0.50%. Close +17.45% vs SPY -0.59%
2023Q4ended 2023-12-312024-01-22 16:302.0001.6861.81113,62613,549EPS +18.6% · sales +0.6%vs 2022Q4, year-ago quarter · EPS -18.7% · sales +9.9%15 EPS · 14 salesOpen +6.67% vs SPY +0.12%. Close +5.31% vs SPY +0.29%
2023Q3ended 2023-09-302023-10-17 16:303.6503.3783.42114,48414,432EPS +8.0% · sales +0.4%vs 2022Q3, year-ago quarter · EPS +29.9% · sales +12.5%17 EPS · 13 sales-
2023Q2ended 2023-06-302023-07-19 16:305.0304.0273.24314,17813,903EPS +24.9% · sales +2.0%vs 2022Q2, year-ago quarter · EPS +251.7% · sales +17.1%16 EPS · 13 sales-
2023Q1ended 2023-03-312023-04-18 16:30-0.630-0.734-0.59311,42911,424EPS -14.2% · sales +0.0%vs 2022Q1, year-ago quarter · EPS -85.1% · sales +51.1%16 EPS · 13 sales-
2022Q4ended 2022-12-312023-01-17 16:302.4602.1092.55112,40012,229EPS +16.6% · sales +1.4%vs 2021Q4, year-ago quarter · EPS -253.7% · sales +51.4%16 EPS · 13 sales-

Annual earnings

2025FY EPS 10.620 beat 10.571, from 10.610 a year earlier. Sales 59,070 beat 59,053, from 57,063 a year earlier
EPS
12.0500-27.5702018FY EPS 9.130 against 8.78620182019FY EPS 12.050 against 12.03320192020FY EPS -27.570 against -26.81320202021FY EPS -13.940 against -14.24920212022FY EPS 2.520 against 2.14020222023FY EPS 10.050 against 9.75920232024FY EPS 10.610 against 10.39520242025FY EPS 10.620 against 10.5712025
Sales, USD millions
59,07002018FY sales 41,303 against 41,14620182019FY sales 43,259 against 43,25320192020FY sales 15,355 against 15,39520202021FY sales 24,634 against 24,38820212022FY sales 44,955 against 44,78920222023FY sales 53,717 against 53,64020232024FY sales 57,063 against 56,75520242025FY sales 59,070 against 59,0532025

Reported years only. The outline behind the bar is the estimate. A later year with no print stays in the table.

earnings feed, not the snapshot. Not the statement ratio.

PeriodEPS adjustedEPS estEPS reportedSales act, USD mSales est, USD mP/E, earnings feed
2030FYestimate-22.170--86,2075.06
2029FYestimate-21.401--81,8565.24
2028FYestimate-17.423--77,0496.44
2027FYestimate-11.745--74,0009.55
2026FYestimate-7.069--68,77715.86
2025FY10.62010.57110.20059,07059,05310.53
2024FY10.61010.3959.45157,06356,7559.15
2023FY10.0509.7597.88853,71753,6404.11
2022FY2.5202.1402.23344,95544,78914.96
2021FY-13.940-14.249-6.10124,63424,388-
2020FY-27.570-26.813-25.30115,35515,395-
2019FY12.05012.03311.57843,25943,2537.31
2018FY9.1308.7867.66941,30341,1469.17
2017FY6.7606.6897.06037,73637,7439.97
2016FY8.6508.5726.85036,55636,5338.43
2015FY11.88011.92719.47037,86438,0349.44
2014FY5.0605.0862.93038,90138,90822.16
2013FY2.8402.7331.53038,27938,23939.48
2012FY1.5901.577-2.18037,15237,13870.51
2011FY3.4903.3302.26037,11037,03732.13
2010FY4.3004.0822.35023,22931,30826.07

Quarterly results

2026Q3 revenue 17,875, from 15,225 a year earlier. Operating margin 6.9%, from 8.7% a year earlier
Revenue, USD millions
17,87502024Q4 revenue 14,69524Q42025Q1 revenue 13,21325Q12025Q2 revenue 15,23625Q22025Q3 revenue 15,22525Q32025Q4 revenue 15,39725Q42026Q1 revenue 14,60826Q12026Q2 revenue 17,67226Q22026Q3 revenue 17,87526Q3
Operating margin
11.602024Q4 operating margin 10.7%24Q42025Q1 operating margin 3.8%25Q12025Q2 operating margin 11.6%25Q22025Q3 operating margin 8.7%25Q32025Q4 operating margin 8.9%25Q42026Q1 operating margin 4.2%26Q12026Q2 operating margin 5.4%26Q22026Q3 operating margin 6.9%26Q3

From the quarterly statement. Not an estimate.

Estimate revisions

Latest snapshot of each period and type. 2026FY E 7.07 per share.
PeriodTypeScaleDateMeanvs prior date
2026FYSUSD millions2026-11-1368,7770.0%
2026Q4SUSD millions2026-11-1318,6220.0%
2026FYEper share2026-11-107.07-0.6%
2026Q4Eper share2026-11-091.22-1.1%
2026FYRper share2026-11-098.21+0.1%
2026Q4Rper share2026-11-091.31-2.4%
2026Q3Eper share2026-10-162.57-0.6%
2026Q3Rper share2026-10-162.61-1.4%
2026Q3SUSD millions2026-10-1617,894+0.1%
2026Q2Eper share2026-07-161.90+1.1%
2026Q2Rper share2026-07-161.97+7.4%
2026Q2SUSD millions2026-07-1617,598-0.1%
2026Q1SUSD millions2026-04-1914,3870.0%
2026Q1Eper share2026-04-141.08-0.1%
2026Q1Rper share2026-04-141.18-0.2%
2025FYEper share2026-01-1510.57+0.0%
2025Q4Eper share2026-01-122.93-1.0%
2025FYSUSD millions2026-01-1259,0530.0%
2025Q4SUSD millions2026-01-1215,374-0.1%
2025FYRper share2026-01-0810.25-0.3%
2025Q4Rper share2026-01-082.99-1.6%
2025Q3Eper share2025-10-082.65-0.5%
2025Q3SUSD millions2025-10-0815,3320.0%
2025Q3Rper share2025-10-032.71-0.3%
2025Q2Eper share2025-07-093.810.0%
2025Q2SUSD millions2025-07-0915,358+0.0%
2025Q2Rper share2025-07-063.690.0%
2025Q1Eper share2025-04-110.740.0%
2025Q1SUSD millions2025-04-1013,229-0.1%
2025Q1Rper share2025-04-040.75-4.8%
2024FYEper share2025-01-2010.40+0.1%
2024Q4Eper share2025-01-203.04+0.3%
2024FYSUSD millions2025-01-2056,751+0.0%
2024Q4SUSD millions2025-01-2014,406+0.0%
2024FYRper share2025-01-169.81+0.0%
2024Q4Rper share2025-01-162.97+0.2%
2024Q3Eper share2024-10-153.170.0%
2024Q3Rper share2024-10-153.160.0%
2024Q3SUSD millions2024-10-0714,774+0.0%
2024Q2Eper share2024-07-163.930.0%
2024Q2Rper share2024-07-163.930.0%
2024Q2SUSD millions2024-07-1515,039-0.4%
2024Q1Eper share2024-04-16-0.540.0%
2024Q1SUSD millions2024-04-1212,450+0.0%
2024Q1Rper share2024-04-11-0.55+2.1%
2023FYEper share2024-01-199.76-0.1%
2023FYSUSD millions2024-01-1953,640+0.0%
2023FYRper share2024-01-098.21-0.1%

Estimate history

Annual
Metric201720182019202020212022202320242025TTMMRQ
EPS per share7.067.66911.578-25.301-6.1012.2337.8889.45110.20710.9393-
Sales USD millions37,78441,30343,25915,35524,63444,95553,71757,06359,07065,552-
Shares million shares287270251312324327328328323-325
Quarterly
MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
EPS per share2.9012.9451.1622.9742.9033.1932.1392.4653.143
Sales USD millions14,84314,69513,21315,23615,22515,39714,60817,67217,875
Shares million shares329328327324324323325325325

Income statement, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
MetricTTM2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/20222021FY12/31/20212020FY12/31/20202019FY12/31/20192018FY12/31/2018
Total Revenue65,552.0059,070.00+3.5%57,063.00+6.2%53,717.00+19.5%44,955.00+82.5%24,634.00+60.4%15,355.00-64.5%43,259.00+4.7%41,303.00
Cost of Goods Sold Incl. D&A48,472.0042,070.00+3.7%40,571.00+5.3%38,518.00+12.2%34,315.00+43.5%23,913.00+17.3%20,385.00-45.0%37,061.00+2.9%36,029.00
Gross Profit17,080.0017,000.00+3.1%16,492.00+8.5%15,199.00+42.8%10,640.00+1375.7%721.00-5,030.00-181.2%6,198.00+17.5%5,274.00
Selling, General and Administrative Excl. Other2,369.002,109.00-5.5%2,231.00+12.8%1,977.00+28.8%1,535.00+126.7%677.00+47.5%459.00-72.2%1,651.00+6.0%1,558.00
Other Operating Expense10,544.009,919.00+9.6%9,053.00+12.3%8,062.00+21.6%6,628.00+49.5%4,433.00+27.2%3,486.00+21687.5%16.00-61.0%41.00
Operating Income4,167.004,972.00-4.5%5,208.00+0.9%5,160.00+108.3%2,477.00-4,389.00-8,975.00-298.1%4,531.00+23.3%3,675.00
Interest Expense1,130.001,167.00-16.8%1,402.00-21.0%1,774.00+6.0%1,673.00+6.1%1,577.00+59.0%992.00+53.6%646.00+6.8%605.00
Unusual Expense160.00577.00+76.5%327.00-59.0%798.000.00-3,452.00-2,449.00-13705.6%18.00-96.0%446.00
Net Income Before Taxes4,532.004,306.00+3.3%4,168.00+23.1%3,387.00+242.1%990.00-2,557.00-8,822.00-325.4%3,914.00+47.8%2,648.00
Income Taxes956.00953.00-6.5%1,019.00+32.5%769.00+204.0%253.00-593.00-1,753.00-293.7%905.00+72.1%526.00
Consolidated Net Income3,577.003,353.00+6.5%3,149.00+20.3%2,618.00+255.2%737.00-1,964.00-7,069.00-334.9%3,009.00+41.8%2,122.00
Net Income From Continuing Operations3,577.003,353.00+6.5%3,149.00+20.3%2,618.00+255.2%737.00-1,964.00-7,069.00-334.9%3,009.00+41.8%2,122.00
Net Income3,577.003,353.00+6.5%3,149.00+20.3%2,618.00+255.2%737.00-1,964.00-7,069.00-334.9%3,009.00+41.8%2,122.00
EPS (Recurring) per share11.2711.44+12.8%10.14+6.0%9.57+329.1%2.23-13.61-31.44-370.3%11.63+32.2%8.80
EPS (Basic, Before Extraordinaries) per share11.0310.32+7.7%9.58+19.9%7.99+253.5%2.26-6.10-25.30-317.5%11.63+51.0%7.70
EPS (Diluted) per share10.9410.21+8.0%9.45+19.8%7.89+253.8%2.23-6.10-25.30-318.5%11.58+51.0%7.67
EBITDA7,210.007,911.00-2.8%8,136.00+3.9%7,831.00+58.7%4,933.00-1,904.00-6,487.00-195.1%6,819.00+16.8%5,840.00
Non-Operating Income (Expense)1,654.001,078.00+56.5%689.00-13.8%799.00+329.6%186.00-43.00-1,304.00-2874.5%47.00+95.8%24.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense160.96112.18-16.9%135.00+75.3%77.00+9.5%70.31-59.5%173.74+120.4%78.84+8.0%73.00-8.5%79.79
Price To Earnings Ratio ratio statement ratio, not the snapshot10.1710.1711.704.79---7.5710.80
Price To Sales Ratio ratio0.550.620.570.250.280.570.790.530.56
Gross Margin %26.0628.7828.9028.2923.672.93-32.7614.3312.77
Operating Margin %6.368.429.139.615.51-17.82-58.4510.478.90
Net Margin %5.465.685.524.871.64-7.97-46.046.965.14
Shares Outstanding million shares324.89323.47-1.4%327.900.0%328.02+0.3%326.93+1.0%323.81+3.8%311.85+24.1%251.22-6.9%269.91
Market Capitalization36,144.4636,144.46+13.2%31,933.86+136.0%13,533.98+9.8%12,325.19-13.1%14,176.27+12.0%12,657.63-43.2%22,290.65-2.3%22,813.41

Income statement, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q39/30/20262026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q39/30/20252025Q26/30/20252025Q13/31/20252024Q412/31/2024
Total Revenue17,875.00+17.4%17,672.00+16.0%14,608.00+10.6%15,397.00+4.8%15,225.00+2.6%15,236.00+1.7%13,213.00+5.4%14,695.00+7.8%
Cost of Goods Sold Incl. D&A13,274.00+22.9%13,375.00+27.5%10,936.00+10.6%10,887.00+6.9%10,803.00+3.8%10,490.00+3.0%9,888.00+0.9%10,183.00+2.5%
Gross Profit4,601.00+4.0%4,297.00-9.5%3,672.00+10.4%4,510.000.0%4,422.00-0.4%4,746.00-1.2%3,325.00+21.4%4,512.00+22.3%
Selling, General and Administrative Excl. Other632.00+13.9%644.00+32.2%522.00+5.2%571.00+3.6%555.00-3.3%487.00-22.2%496.00+3.3%551.00-3.5%
Other Operating Expense2,739.00+7.6%2,702.00+8.6%2,542.00+9.3%2,561.00+7.2%2,546.00+10.5%2,487.00+12.5%2,326.00+8.3%2,390.00+15.3%
Operating Income1,230.00-6.9%951.00-46.3%608.00+20.9%1,378.00-12.3%1,321.00-15.3%1,772.00-9.8%503.00+349.1%1,571.00+50.3%
Interest Expense303.00+9.0%284.00-8.4%273.00-11.4%270.00-14.6%278.00-14.7%310.00-15.5%308.00-21.6%316.00-26.5%
Unusual Expense11.00-66.7%145.00-72.9%17.00-19.0%-13.00-122.8%33.00-80.0%535.00+1521.2%21.00-70.8%57.00+111.1%
Net Income Before Taxes1,311.00+4.5%1,026.00-17.8%870.00+82.0%1,325.00+1.4%1,255.00-2.4%1,248.00-28.2%478.001,307.00+69.5%
Income Taxes282.00-7.8%221.00-19.6%172.00+89.0%281.00-12.7%306.00-4.7%275.00-33.9%91.00322.00+88.3%
Consolidated Net Income1,029.00+8.4%805.00-17.3%699.00+80.6%1,044.00+6.0%949.00-1.7%973.00-26.5%387.00985.00+64.2%
Net Income From Continuing Operations1,029.00+8.4%805.00-17.3%699.00+80.6%1,044.00+6.0%949.00-1.7%973.00-26.5%387.00985.00+64.2%
Net Income1,029.00+8.4%805.00-17.3%699.00+80.6%1,044.00+6.0%949.00-1.7%973.00-26.5%387.00985.00+64.2%
EPS (Recurring) per share3.17+6.7%2.78-32.5%2.18+80.2%3.16+3.3%2.97-8.6%4.12+2.2%1.213.06+63.6%
EPS (Basic, Before Extraordinaries) per share3.17+8.2%2.48-17.3%2.16+83.1%3.23+7.7%2.930.0%3.00-25.4%1.183.00+63.9%
EPS (Diluted) per share3.14+8.3%2.46-17.2%2.14+84.5%3.19+8.5%2.900.0%2.97-25.0%1.162.94+62.4%
EBITDA2,007.00-2.1%1,713.00-31.6%1,364.00+10.9%2,126.00-8.8%2,051.00-10.9%2,505.00-6.7%1,230.00+50.0%2,330.00+34.8%
Non-Operating Income (Expense)394.00+61.5%504.00+56.5%552.00+79.2%204.00+87.2%244.00+12.4%322.00+85.1%308.00+63.0%109.00-40.4%
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense46.61+55.3%30.02-11.6%28.44+28.6%55.89+47.1%30.02-26.8%33.97+9.6%22.12+12.0%38.00+72.7%
Price To Earnings Ratio ratio statement ratio, not the snapshot10.1712.139.0011.209.677.267.3211.70
Price To Sales Ratio ratio0.550.710.500.620.540.450.400.57
Gross Margin %25.7424.3225.1429.2929.0431.1525.1630.70
Operating Margin %6.885.384.168.958.6811.633.8110.69
Net Margin %5.764.564.796.786.236.392.936.70
Shares Outstanding million shares324.89+0.4%324.58+0.2%324.60-0.9%323.47-1.4%323.74-1.6%323.80-1.5%327.49-0.4%327.900.0%
Market Capitalization36,144.46+15.7%44,138.27+69.7%29,778.20+31.7%36,200.38+13.4%31,240.14+66.5%26,007.24+62.5%22,602.83+43.9%31,933.86+136.0%

Balance sheet, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/20222021FY12/31/20212020FY12/31/20202019FY12/31/20192018FY12/31/20182017FY12/31/2017
Cash & Short Term Investments12,240.00-15.5%14,486.00+0.5%14,419.00-12.4%16,459.00-10.8%18,443.00+54.5%11,938.00+141.5%4,944.00+25.2%3,950.00+3.5%3,816.00
Short Term Receivables2,391.00+10.5%2,163.00+14.0%1,898.00+5.4%1,801.00+8.3%1,663.00+28.4%1,295.00-5.1%1,364.00-4.3%1,426.00+6.4%1,340.00
Inventories1,556.00-1.0%1,572.00+0.7%1,561.00+40.8%1,109.00+12.8%983.00+5.5%932.00-13.1%1,072.00+8.8%985.00+6.6%924.00
Other Current Assets670.00+1.2%662.00+8.7%609.00-11.6%689.00-7.5%745.00+17.3%635.00-22.0%814.00+11.1%733.00-30.4%1,053.00
Total Current Assets16,857.00-10.7%18,883.00+2.1%18,487.00-7.8%20,058.00-8.1%21,834.00+47.5%14,800.00+80.6%8,194.00+15.5%7,094.00-0.5%7,133.00
Net Property, Plant & Equipment51,079.00+9.3%46,723.00+6.8%43,729.00+14.1%38,337.00+4.4%36,719.00+2.0%36,003.00+3.1%34,928.00+6.9%32,661.00+24.6%26,208.00
Total Investments and Advances139.00-16.3%166.00-32.2%245.00+16.7%210.00-1.4%213.00-2.3%218.00+105.7%106.00+1.0%105.00+15.4%91.00
Long-Term Note Receivable54.00-25.0%72.00-30.1%103.00+2.0%101.00+32.9%76.00+145.2%31.00-95.4%671.00+30.0%516.00+1021.7%46.00
Intangible Assets7,182.00-0.4%7,210.00-0.6%7,252.00-0.5%7,289.00-0.6%7,330.00-0.5%7,365.00-2.2%7,532.00-2.0%7,682.00-4.7%8,062.00
Deferred Tax Assets--0.00-100.0%7,467.00-0.3%7,488.00+13.3%6,610.00+62.8%4,060.00+0.9%4,023.00+32.8%3,030.00
Other Assets1,137.00+10.5%1,029.00-20.1%1,288.00+1.3%1,272.00-5.4%1,344.00+34.4%1,000.00-15.3%1,180.00+22.2%966.00+19.9%806.00
Total Assets76,448.00+3.2%74,083.00+4.2%71,104.00-4.9%74,734.00-0.4%75,004.00+13.6%66,027.00+16.5%56,671.00+6.8%53,047.00+16.9%45,376.00
Short Term Debt Incl. Current Port. of LT Debt5,057.00+29.0%3,920.00-18.7%4,823.00+34.0%3,599.00-19.4%4,468.00+65.2%2,705.00+26.5%2,139.00+3.2%2,072.00+22.4%1,693.00
Accounts Payable4,567.00+8.9%4,193.00+9.3%3,835.00+13.0%3,395.00+32.5%2,562.00+60.6%1,595.00-41.0%2,703.00+14.4%2,363.00+7.6%2,196.00
Other Current Liabilities16,509.00+8.6%15,201.00+12.2%13,545.00+4.2%12,998.00+15.3%11,274.00+33.8%8,425.00-16.6%10,096.00+7.4%9,404.00+6.0%8,874.00
Total Current Liabilities26,133.00+12.1%23,314.00+5.0%22,203.00+11.1%19,992.00+9.2%18,304.00+43.8%12,725.00-14.8%14,938.00+7.9%13,839.00+8.4%12,763.00
Long Term Debt25,979.00-12.6%29,713.00-6.9%31,916.00-5.3%33,701.00-7.9%36,595.00+17.3%31,186.00+70.3%18,311.00+3.4%17,715.00+39.5%12,699.00
Provision for Risks Charges1,058.00-14.2%1,233.00-23.2%1,605.00+13.2%1,418.00-51.4%2,920.00-15.5%3,454.00+54.5%2,235.00-22.2%2,871.00-18.5%3,523.00
Deferred Tax Liabilities2,463.00+55.9%1,580.00+166.0%594.00-91.9%7,376.00+8.0%6,829.00+5.4%6,479.00+11.8%5,796.00+19.5%4,851.00+50.0%3,234.00
Other Liabilities5,533.00-0.6%5,568.00+1.9%5,462.00+2.1%5,351.00+0.5%5,327.00-14.4%6,223.00+61.2%3,860.00+3.5%3,729.00-15.7%4,423.00
Total Liabilities61,166.00-0.4%61,408.00-0.6%61,780.00-8.9%67,838.00-3.1%69,975.00+16.5%60,067.00+33.1%45,140.00+5.0%43,005.00+17.4%36,642.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity15,282.00+20.6%12,675.00+35.9%9,324.00+35.2%6,896.00+37.1%5,029.00-15.6%5,960.00-48.3%11,531.00+14.8%10,042.00+15.0%8,734.00
Total Shareholders Equity15,282.00+20.6%12,675.00+35.9%9,324.00+35.2%6,896.00+37.1%5,029.00-15.6%5,960.00-48.3%11,531.00+14.8%10,042.00+15.0%8,734.00
Accumulated Minority Interest0.000.000.000.000.000.000.000.000.00
Total Equity15,282.00+20.6%12,675.00+35.9%9,324.00+35.2%6,896.00+37.1%5,029.00-15.6%5,960.00-48.3%11,531.00+14.8%10,042.00+15.0%8,734.00
Total Liabilities & Stockholders Equity76,448.00+3.2%74,083.00+4.2%71,104.00-4.9%74,734.00-0.4%75,004.00+13.6%66,027.00+16.5%56,671.00+6.8%53,047.00+16.9%45,376.00
Book Value Per Share per share47.24+22.2%38.66+36.0%28.43+34.8%21.09+35.8%15.53-18.7%19.11-58.4%45.90+23.4%37.20+22.2%30.43
Tangible Book Value Per Share per share25.04+50.2%16.67+163.8%6.32-1.20-7.11-4.51-128.3%15.92+82.2%8.74+273.5%2.34
Full-Time Employees people113,200+5.5%107,300+3.9%103,300+11.3%92,800+10.3%84,100+13.0%74,400-22.5%96,000+4.3%92,000+2.4%89,800
Price to Book Ratio ratio2.042.791.532.522.822.261.922.262.23
Return on Assets %4.454.343.590.98-2.79-11.525.774.314.72
Return on Equity %23.9928.6332.2812.36-35.74-80.8327.9622.6024.65
Return on Invested Capital %8.137.436.351.82-4.72-19.0310.087.6410.00
Quick Ratio ratio0.590.740.760.951.141.090.480.440.49
Current Ratio ratio0.650.810.831.001.191.160.550.510.56

Cash flow, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
MetricTTM2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/20222021FY12/31/20212020FY12/31/20202019FY12/31/20192018FY12/31/2018
Net Income-3,353.00+6.5%3,149.00+20.3%2,618.00+255.2%737.00-1,964.00-7,069.00-334.9%3,009.00+41.8%2,122.00
Depreciation-2,939.00+0.4%2,928.00+9.6%2,671.00+8.8%2,456.00-1.2%2,485.00-0.1%2,488.00+8.7%2,288.00+5.7%2,165.00
Other Funds (Non Cash)-24.00-95.5%532.00+163.4%202.00-45.4%370.00-19.4%459.00-76.6%1,962.00+847.8%207.00-64.4%582.00
Funds from Operations-7,241.00-4.0%7,544.00+20.8%6,247.00+63.9%3,811.00+859.9%397.00-4,360.00-168.3%6,386.00+18.7%5,381.00
Extraordinary Item-0.000.000.000.000.000.000.000.00
Changes in Working Capital-1,190.00-37.4%1,901.00+186.3%664.00-70.6%2,255.00+35.0%1,670.00+635.7%227.00-56.6%523.00-33.2%783.00
Cash from Operating Activities8,160.008,431.00-10.7%9,445.00+36.7%6,911.00+13.9%6,066.00+193.5%2,067.00-4,133.00-159.8%6,909.00+12.1%6,164.00
Capital Expenditures-7,044.00-5,874.00-5,615.00-7,171.00-4,819.00-2,107.00-1,727.00-4,528.00-4,070.00
Net Assets From Acquisitions0.000.000.000.000.000.000.000.000.00
Sale of Fixed Assets and Businesses89.0098.00-10.1%109.00+179.5%39.00-81.2%207.00+93.5%107.000.000.000.00
Purchase or Sale of Investments-1,483.00-479.00-116.8%2,852.00+171.9%1,049.00-9,148.00-2880.5%329.00-81.4%1,767.00+2704.8%63.00-75.00
Purchase of Investments-8,892.00-7,763.00-5,809.00-9,470.00-11,232.00-68.00-552.00-2,933.00-2,691.00
Sale Or Maturity of Investments7,409.007,284.00-15.9%8,661.00-17.7%10,519.00+404.8%2,084.00+424.9%397.00-82.9%2,319.00-22.6%2,996.00+14.5%2,616.00
Other Uses-321.00-96.000.00-23.00-69.00-1.000.00-174.00-466.00
Other Sources0.000.00-100.0%3.000.000.000.00-100.0%10.00-87.3%79.00-49.4%156.00
Cash from Investing Activities-8,757.00-6,350.00-2,651.00-6,106.00-13,829.00-1,672.00-3444.0%50.00-4,560.00-4,455.00
Cash Dividends Paid0.000.000.000.000.000.000.000.000.00
Change in Capital Stock-54.00-637.00-162.000.000.00-100.0%532.00-69.6%1,750.00-1,645.00-1,235.00
Repurchase of Common Pref Stock-54.00-637.00-162.000.000.000.00-353.00-1,645.00-1,235.00
Sale of Common Pref Stock0.000.000.000.000.00-100.0%532.00-74.7%2,103.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.00-100.0%532.00-74.7%2,103.000.000.00
Issuance or Reduction of Debt, Net675.00-4,193.00-3,999.00-1,860.00-3,275.00-155.6%5,891.00-47.5%11,227.00+2742.3%395.00-249.00
Change in Long Term Debt675.00-4,193.00-3,999.00-1,860.00-3,275.00-155.6%5,891.00-47.5%11,227.00+2742.3%395.00-249.00
Issuance of Long Term Debt6,791.00578.00-90.6%6,139.00+157.1%2,388.00+224.5%736.00-93.4%11,096.00-29.2%15,676.00+777.7%1,786.00+14.7%1,557.00
Reduction of Long Term Debt-6,116.00-4,771.00-10,138.00-4,248.00-4,011.00-5,205.00-4,449.00-1,391.00-1,806.00
Net Financing Active Other Cash Flow-99.00-115.00-21.00-32.00-74.00-27.00-20.00-30.00-17.00
Other Financing Activities Uses-99.00-115.00-21.00-32.00-74.00-27.00-20.00-30.00-17.00
Cash from Financing Activities522.00-4,945.00-4,182.00-1,892.00-3,349.00-152.4%6,396.00-50.6%12,957.00-1,280.00-1,501.00
Net Change in Cash-77.00-2,865.00-209.7%2,612.00-1,087.00-11,112.00-263.6%6,791.00-23.5%8,874.00+730.1%1,069.00+413.9%208.00
Free Cash Flow1,116.002,557.00-33.2%3,830.00-260.00-120.9%1,247.00-40.00-5,860.00-346.1%2,381.00+13.7%2,094.00
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow ratio32.5514.378.45-9.98--9.6211.06
Deferred Taxes & Investment Tax Credit-925.00-1.1%935.00+23.7%756.00+204.8%248.00-583.00-1,741.00-297.4%882.00+72.3%512.00

Balance sheet, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q39/30/20262026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q39/30/20252025Q26/30/20252025Q13/31/20252024Q412/31/2024
Cash & Short Term Investments14,653.00+9.9%16,637.00+6.5%14,167.00-8.8%12,240.00-15.5%13,329.00-6.1%15,624.00+2.3%15,530.00+10.7%14,486.00+0.5%
Short Term Receivables2,636.00+8.3%2,473.00+8.2%2,660.00+16.3%2,391.00+10.5%2,433.00+19.1%2,286.00-3.8%2,288.00+1.3%2,163.00+14.0%
Inventories1,954.00+23.0%1,795.00+16.0%1,718.00+7.3%1,556.00-1.0%1,588.00-3.1%1,547.00-7.9%1,601.00-4.4%1,572.00+0.7%
Other Current Assets746.00+0.3%758.00-5.4%847.00+16.3%670.00+1.2%744.00+7.8%801.00+19.7%728.00-0.3%662.00+8.7%
Total Current Assets19,988.00+10.5%21,663.00+6.9%19,392.00-3.8%16,857.00-10.7%18,094.00-2.6%20,258.00+1.3%20,148.00+7.8%18,883.00+2.1%
Net Property, Plant & Equipment56,360.00+13.2%54,119.00+11.8%52,811.00+11.1%51,079.00+9.3%49,789.00+9.5%48,413.00+8.9%47,522.00+7.1%46,723.00+6.8%
Total Investments and Advances146.00+3.5%142.00-15.5%142.00-15.0%139.00-16.3%141.00-21.7%168.00-23.6%167.00-31.6%166.00-32.2%
Intangible Assets7,168.00-0.3%7,172.00-0.3%7,177.00-0.4%7,182.00-0.4%7,189.00-0.4%7,196.00-0.4%7,203.00-0.6%7,210.00-0.6%
Other Assets1,458.00+32.4%1,473.00+30.7%1,419.00+32.4%1,137.00+10.5%1,101.00-8.9%1,127.00-15.7%1,072.00-20.8%1,029.00-20.1%
Total Assets85,120.00+11.5%84,569.00+9.6%80,941.00+6.3%76,448.00+3.2%76,313.00+5.1%77,163.00+5.3%76,111.00+5.9%74,083.00+4.2%
Short Term Debt Incl. Current Port. of LT Debt2,782.00-46.3%2,988.00-55.6%3,001.00-20.4%5,057.00+29.0%5,184.00+32.0%6,735.00+22.8%3,771.00-19.7%3,920.00-18.7%
Accounts Payable5,403.00+16.5%5,772.00+17.3%5,377.00+14.6%4,567.00+8.9%4,636.00+15.7%4,920.00+9.9%4,694.00+8.1%4,193.00+9.3%
Other Current Liabilities18,454.00+6.7%19,004.00+9.6%19,403.00+11.9%16,509.00+8.6%17,299.00+12.1%17,337.00+9.1%17,333.00+10.2%15,201.00+12.2%
Total Current Liabilities26,639.00-1.8%27,764.00-4.2%27,781.00+7.7%26,133.00+12.1%27,119.00+16.1%28,992.00+12.1%25,798.00+4.2%23,314.00+5.0%
Long Term Debt31,512.00+20.6%30,680.00+17.8%27,970.00-4.1%25,979.00-12.6%26,138.00-11.2%26,051.00-9.5%29,154.00-3.3%29,713.00-6.9%
Provision for Risks Charges825.00-15.3%1,074.00-10.4%1,077.00-14.0%1,058.00-14.2%974.00-40.0%1,199.00-25.5%1,252.00-22.2%1,233.00-23.2%
Deferred Tax Liabilities3,093.00+40.2%2,822.00+47.1%2,617.00+61.1%2,463.00+55.9%2,206.00+80.2%1,919.00+101.8%1,624.00+198.0%1,580.00+166.0%
Other Liabilities5,296.00-4.9%5,532.00-1.7%5,621.00-0.8%5,533.00-0.6%5,568.00+0.2%5,629.00+1.6%5,667.00+0.4%5,568.00+1.9%
Total Liabilities67,365.00+8.6%67,872.00+6.4%65,066.00+2.5%61,166.00-0.4%62,005.00+1.3%63,790.00+1.7%63,495.00+1.2%61,408.00-0.6%
Non-Equity Reserves0.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.00
Common Equity17,754.00+24.1%16,697.00+24.9%15,876.00+25.8%15,282.00+20.6%14,309.00+25.1%13,373.00+27.0%12,616.00+37.3%12,675.00+35.9%
Total Shareholders Equity17,754.00+24.1%16,697.00+24.9%15,876.00+25.8%15,282.00+20.6%14,309.00+25.1%13,373.00+27.0%12,616.00+37.3%12,675.00+35.9%
Accumulated Minority Interest0.000.000.000.000.000.000.000.00
Total Equity17,754.00+24.1%16,697.00+24.9%15,876.00+25.8%15,282.00+20.6%14,309.00+25.1%13,373.00+27.0%12,616.00+37.3%12,675.00+35.9%
Total Liabilities & Stockholders Equity85,119.00+11.5%84,569.00+9.6%80,942.00+6.3%76,448.00+3.2%76,314.00+5.1%77,163.00+5.3%76,111.00+5.9%74,083.00+4.2%
Book Value Per Share per share54.65+23.6%51.44+24.6%48.91+27.0%47.24+22.2%44.20+27.1%41.30+29.0%38.52+37.9%38.66+36.0%
Tangible Book Value Per Share per share32.58+48.2%29.35+53.8%26.80+62.1%25.04+50.2%21.99+71.4%19.08+90.0%16.53+179.7%16.67+163.8%
Full-Time Employees people117,900+5.4%-115,600+5.9%113,200+5.5%111,900111,300109,200+4.5%107,300+3.9%
Price to Book Ratio ratio2.042.781.952.532.342.071.792.79
Return on Assets %4.434.324.674.454.424.404.954.34
Return on Equity %22.3123.2625.7323.9925.5927.7033.5728.63
Return on Invested Capital %2.091.701.592.532.352.470.932.32
Quick Ratio ratio0.680.720.640.590.610.650.720.74
Current Ratio ratio0.750.780.700.650.670.700.780.81

Cash flow, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q39/30/20262026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q39/30/20252025Q26/30/20252025Q13/31/20252024Q412/31/2024
Extraordinary Item-----0.000.000.00
Cash from Operating Activities465.00-61.8%1,610.00-27.4%4,799.00+29.4%1,286.00-42.2%1,218.00-18.7%2,217.00-22.9%3,710.00+30.3%2,224.00
Capital Expenditures-2,139.00-1,343.00-1,672.00-1,890.00-1,464.00-1,287.00-1,233.00-1,675.00
Net Assets From Acquisitions0.000.000.000.000.000.000.000.00
Sale of Fixed Assets and Businesses21.00+40.0%24.00+26.3%9.00-69.0%35.00-18.6%15.00-37.5%19.00-13.6%29.00+45.0%43.00+126.3%
Purchase or Sale of Investments-1,544.00-173.00-87.00321.00-300.00-277.00-121.7%-223.00-108.0%-297.00-122.7%
Purchase of Investments-3,144.00-2,083.00-2,356.00-1,309.00-1,732.00-2,476.00-2,246.00-1,752.00
Sale Or Maturity of Investments1,600.00+11.7%1,910.00-13.1%2,269.00+12.2%1,630.00+12.0%1,432.00+3.3%2,199.00+1.7%2,023.00-44.7%1,455.00-23.6%
Other Uses-177.00-3050.0%32.00-144.00-32.00-115.2%6.00-35.00-3600.0%-35.00211.00
Other Sources0.000.000.000.00-100.0%0.000.000.003.00
Cash from Investing Activities-3,838.00-1,460.00-1,894.00-1,565.00-1,743.00-1,580.00-1279.1%-1,462.00-201.5%-1,715.00
Cash Dividends Paid0.000.000.000.000.000.000.000.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.000.000.00
Change in Capital Stock0.000.00-27.00-27.00-21.00-240.00-349.00-80.00
Repurchase of Common Pref Stock0.000.00-27.00-27.00-21.00-240.00-349.00-80.00
Sale of Common Pref Stock0.000.000.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-135.002,151.00-859.00-482.00-2,100.00-597.00-1,014.00-509.00
Change in Long Term Debt-135.002,151.00-859.00-482.00-2,100.00-597.00-1,014.00-509.00
Issuance of Long Term Debt869.00+79.2%3,596.002,233.0093.00-88.9%485.00-69.4%0.00-100.0%0.00-100.0%837.00+19.1%
Reduction of Long Term Debt-1,004.00-1,445.00-3,092.00-575.00-2,585.00-597.00-1,014.00-1,346.00
Net Financing Active Other Cash Flow-5.00-3.00-90.00-1.00-15.00-5.00-94.00-2.00
Other Financing Activities Uses-5.00-3.00-90.00-1.00-15.00-5.00-94.00-2.00
Cash from Financing Activities-141.002,148.00-976.00-509.00-2,136.00-843.00-1,457.00-591.00
Net Change in Cash-3,514.002,298.001,929.00+143.9%-790.00-2,660.00-206.00-108.5%791.00-66.3%-82.00
Free Cash Flow-1,674.00267.00-71.3%3,127.00+26.2%-604.00-210.0%-246.00-379.5%930.00-45.7%2,477.00+67.3%549.00
Price to Free Cash Flow ratio32.5517.469.3814.308.506.444.768.48

Revenue breakdown

USD millions, so a column adds up to the income statement. Share is of the latest year in that split. The change is versus the older year shown, not TTM.

Product
Name20242025vs 20242025 share
Cargo and Freight1,743.001,779.00+2.1%3.0%
Passenger51,829.0053,438.00+3.1%90.5%
Product and Service, Other3,491.003,853.00+10.4%6.5%
Total57,063.0059,070.00+3.5%100.0%
Region
Name20242025vs 20242025 share
Atlantic11,097.0011,647.00+5.0%19.7%
Latin America5,437.005,528.00+1.7%9.4%
Pacific6,462.006,878.00+6.4%11.6%
United States34,067.0035,017.00+2.8%59.3%
Total57,063.0059,070.00+3.5%100.0%

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-302.67%8.6M322.1M4.02M
2026-10-154.18%13.5M322.1M3.87M
2026-09-305.22%16.8M321.8M3.82M
2026-09-155.66%18.2M321.8M4.18M
2026-08-315.42%17.4M321.8M4.40M
2026-08-146.42%20.6M321.7M5.02M
2026-07-317.29%23.5M322.5M5.42M
2026-07-156.76%21.8M322.5M6.02M
2026-06-306.50%21.0M322.5M6.73M
2026-06-154.72%15.2M322.4M6.99M
2026-05-294.53%14.6M322.4M7.89M
2026-05-154.34%14.0M322.4M7.72M
2026-04-304.66%15.0M322.4M7.86M
2026-04-154.42%14.3M322.4M7.61M
2026-03-314.75%15.3M321.4M6.86M
2026-03-134.02%12.9M321.4M6.04M
2026-02-274.01%12.9M321.4M5.21M
2026-02-132.69%8.7M321.4M5.31M
2026-01-303.47%11.2M321.8M5.26M
2026-01-153.70%11.9M322.0M5.56M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call70.0039.5543.3049.368.27340.000.000.998-0.0710.000
call75.0034.6037.9544.376.90539.000.000.998-0.0700.000
call80.0030.3532.5539.255.57311.000.000.998-0.0700.000
call85.0025.8527.5534.514.7781220.000.997-0.0690.000
call86.0024.8526.5526.234.62311737.000.997-0.0680.000
call87.0023.7525.5525.234.46631.0042.000.997-0.0680.001
call88.0021.3524.6524.224.4132.0024.000.997-0.0680.001
call89.0021.9024.3023.224.8431.0018.000.997-0.0680.001
call90.0020.2023.3023.414.6765.003.000.996-0.0670.001
call91.0020.0022.3023.424.5104.002.000.996-0.0670.001
call92.0018.9021.3020.194.3444.002.000.996-0.0670.001
call93.0017.7020.3519.214.2192.002.000.996-0.0660.001
call94.0016.9019.3518.204.0543.0011.000.996-0.0660.001
call95.0015.9517.6017.213.30040111.000.995-0.0650.001
call96.0013.6517.3522.863.72218.000.000.995-0.0650.001
call97.0013.8015.5521.872.95836.000.000.995-0.0640.001
call98.0012.8014.6515.352.88621810.000.984-0.1750.002
call99.0011.8014.3514.373.22520.0010.000.979-0.2030.003
call10010.9512.6014.502.5462092.000.975-0.2290.003
call1019.1011.6010.492.39339.0015.000.950-0.4270.006
call1028.4511.3510.102.72566.0013.000.932-0.5330.007
call1037.159.5016.092.01997.000.000.926-0.5210.007
call1047.058.608.851.9301127.000.908-0.5830.009
call1055.707.006.601.3781939.000.908-0.5020.009
call1064.906.705.671.66881.0013.000.861-0.6860.012
call1073.205.804.651.55551.0025.000.777-1.0650.016
call1083.154.853.721.40672.0032.000.742-1.0360.017
call1092.413.709.801.14547.000.000.694-1.0000.019
call1101.882.332.010.77015348.000.634-0.8850.020
call1111.151.961.500.86319513.000.533-0.9720.021
call1120.901.521.000.87892949.000.441-1.0430.021
call1130.570.850.790.7341062160.341-0.8910.019
call1140.120.760.740.84320293.000.280-0.9090.018
call1150.210.380.360.7433935960.197-0.7050.015
call1160.120.170.200.6761,07793.000.134-0.5380.011
call1170.030.130.110.72774829.000.101-0.4580.009
call1180.030.100.050.7731511630.076-0.3880.008
call1190.000.110.060.85913699.000.064-0.3680.007
call1200.010.060.040.8574172470.048-0.2990.005
call1210.010.040.030.8747501500.028-0.1890.003
call1220.000.050.010.94553678.000.023-0.1660.003
call1230.000.040.031.01514524.000.020-0.1600.003
call1240.000.040.051.08440189.000.019-0.1630.002
call1250.010.030.031.1061,7992240.015-0.1310.002
call1260.000.100.021.1706316.000.014-0.1330.002
call1270.000.090.011.2344401.000.013-0.1350.002
call1280.000.090.021.29618716.000.013-0.1360.002
call1290.000.220.091.35848.001.000.012-0.1380.002
call1300.001.000.011.41835810.000.012-0.1390.002
call1310.002.130.021.4789.000.000.011-0.1410.002
call1320.002.130.001.5370.000.000.011-0.1420.002
call1330.002.130.001.5961.000.000.011-0.1430.001
call1340.002.130.001.6531.000.000.010-0.1440.001
call1350.000.100.011.47023018.000.004-0.0570.001
call1400.002.130.031.9856.000.000.009-0.1500.001
call1450.002.130.002.2460.000.000.008-0.1550.001
call1500.000.030.031.3745.000.000.008-0.0710.002
call1550.002.130.002.7300.000.000.007-0.1620.001
put70.000.000.010.282.6071.000.00-0.002-0.0300.000
put75.000.002.130.012.95529.001.00-0.002-0.0620.000
put80.000.000.020.011.98665.000.00-0.002-0.0290.001
put85.000.000.040.021.70181.000.00-0.002-0.0280.001
put86.000.002.130.351.9998.000.00-0.003-0.0590.000
put87.000.002.130.371.9174.000.00-0.003-0.0580.001
put88.000.002.130.011.83627.000.00-0.003-0.0580.001
put89.000.002.130.511.75653.000.00-0.003-0.0580.001
put90.000.000.050.021.6572031.00-0.004-0.0550.001
put91.000.002.130.031.59681.000.00-0.004-0.0570.001
put92.000.002.130.021.5183220.00-0.004-0.0560.001
put93.000.002.130.201.44066.000.00-0.004-0.0560.001
put94.000.002.130.011.36234.000.00-0.004-0.0550.001
put95.000.001.150.251.2841480.00-0.005-0.0550.001
put96.000.002.130.121.20824.000.00-0.005-0.0540.001
put97.000.000.010.021.27773.000.00-0.008-0.0840.001
put98.000.000.040.011.2022650.00-0.008-0.0830.001
put99.000.000.050.011.0491220.00-0.007-0.0460.002
put1000.000.060.021.1595135.00-0.025-0.2180.003
put1010.002.130.041.21245.000.00-0.050-0.4160.006
put1020.000.310.031.1114213.00-0.068-0.5220.007
put1030.010.450.021.01015470.00-0.074-0.5100.007
put1040.000.450.270.9052423.00-0.094-0.5830.009
put1050.010.180.040.8052848.00-0.092-0.4900.009
put1060.030.120.090.70198.0013.00-0.139-0.6740.012
put1070.070.620.140.91211921.00-0.223-1.0540.016
put1080.220.480.280.77215342.00-0.258-1.0240.017
put1090.330.630.450.713696139-0.306-0.9870.019
put1100.510.930.730.700188180-0.366-0.8720.020
put1110.751.281.050.66464.0068.00-0.467-0.9600.021
put1120.902.021.650.763132107-0.559-1.0310.021
put1131.712.702.070.791333119-0.659-0.8780.019
put1142.253.502.860.84466.00115-0.720-0.8960.018
put1153.304.353.740.896193101-0.803-0.6920.015
put1163.555.354.501.02659.0041.00-0.866-0.5250.012
put1174.656.255.401.07773.0044.00-0.899-0.4440.009
put1185.607.206.551.15313818.00-0.924-0.3750.008
put1196.708.157.571.21818049.00-0.936-0.3540.007
put1207.859.508.571.608414174-0.952-0.2850.005
put1218.4510.209.251.47012730.00-0.972-0.1750.003
put1228.7011.153.951.52014.000.00-0.977-0.1520.003
put12310.5012.9512.202.26719.0027.00-0.980-0.1460.003
put12410.7013.259.641.8124.004.00-0.981-0.1490.002
put12511.7014.2514.201.90716.0030.00-0.985-0.1170.002
put12612.7015.4013.932.1465.005.00-0.986-0.1190.002
put12713.7016.2514.872.0891.001.00-0.987-0.1210.002
put12814.7017.3515.922.2842.004.00-0.987-0.1220.002
put12915.7018.859.642.8211.000.00-0.991-0.0850.001
put13016.7019.5511.052.6580.000.00-0.991-0.0850.001
put13117.7020.300.002.4940.000.00-0.992-0.0860.001
put13218.7522.650.003.7120.000.00-0.992-0.0870.001
put13319.7023.650.003.8120.000.00-0.992-0.0880.001
put13420.7023.650.003.1080.000.00-0.993-0.0880.001
put13521.7024.300.002.8240.000.00-0.993-0.0890.001
put14026.7029.400.003.3350.000.00-0.994-0.0920.001
put14531.7035.650.004.9040.000.00-0.994-0.0940.001
put15036.7040.6530.025.3100.000.00-0.995-0.0960.001
put15541.7045.6535.005.6930.000.00-0.995-0.0980.001

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-10144Filing for proposed sale of securities under Rule 144.SEC
2026-11-104Statement of changes in beneficial ownership of securities2026-11-10SEC
2026-11-104Statement of changes in beneficial ownership of securities2026-11-09SEC
2026-11-104Statement of changes in beneficial ownership of securities2026-11-06SEC
2026-11-104Statement of changes in beneficial ownership of securities2026-11-09SEC
2026-11-09144Filing for proposed sale of securities under Rule 144.SEC
2026-11-09144Filing for proposed sale of securities under Rule 144.SEC
2026-11-09144Filing for proposed sale of securities under Rule 144.SEC
2026-11-06144Filing for proposed sale of securities under Rule 144.SEC
2026-11-064Statement of changes in beneficial ownership of securities2026-11-04SEC
2026-11-034Statement of changes in beneficial ownership of securities2026-10-30SEC
2026-10-30144Filing for proposed sale of securities under Rule 144.SEC
2026-10-21S-3ASRAutomatic shelf registration statement of securities of well-known seasoned issuersSEC
2026-10-2110-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-208-KCurrent report2026-10-20SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-09-30SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-09-30SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-09-30SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-09-30SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-09-30SEC
2026-08-274Statement of changes in beneficial ownership of securities2026-08-25SEC
2026-08-25144Filing for proposed sale of securities under Rule 144.SEC
2026-08-214Statement of changes in beneficial ownership of securities2026-08-19SEC
2026-08-1413F-HRFurther understand that each of 13F-HR, 13F-NT, and amendments thereto are mandatory electronic filings (hardship exemption exists to submit in paper; never used to the knowledge of IM staff);2026-06-30SEC
2026-08-054Statement of changes in beneficial ownership of securities2026-08-03SEC
2026-08-054Statement of changes in beneficial ownership of securities2026-08-04SEC
2026-08-04144Filing for proposed sale of securities under Rule 144.SEC
2026-08-03144Filing for proposed sale of securities under Rule 144.SEC
2026-07-28144Filing for proposed sale of securities under Rule 144.SEC
2026-07-28144Filing for proposed sale of securities under Rule 144.SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110018.16M5
2026-10004.00M1
2026-090000
2026-08002.26M3
2026-070025.35M4
2026-06005.99M2
2026-05004.85M3
2026-040000
2026-030000
2026-02002.02M1
2026-010000
2025-120012.94M1
2025-110000

Institutional holders

Manager% owned
BlackRock, Inc.6.91%
VANGUARD CAPITAL MANAGEMENT LLC6.47%
FMR LLC5.99%
PRIMECAP MANAGEMENT CO/CA/5.05%
Sanders Capital, LLC4.65%
VANGUARD PORTFOLIO MANAGEMENT LLC4.36%
STATE STREET CORP3.65%
Capital World Investors3.60%
GEODE CAPITAL MANAGEMENT, LLC2.89%
JPMORGAN CHASE & CO1.93%

Funds

Fund% owned
Franklin Income Fund20.03%
PGIM High Yield Fund7.67%
BlackRock High Yield Portfolio5.95%
PGIM Total Return Bond Fund5.66%
Janus Henderson Flexible Bond Fund5.32%
PGIM Short Duration High Yield Income Fund5.07%
Growth Fund of America4.85%
Bond Fund3.64%
Invesco High Yield Fund3.28%
VANGUARD TOTAL STOCK MARKET INDEX FUND3.18%

OakChart. UAL. Cached 15 minutes. Terms