United Airlines Holdings Inc (UAL)

Operating return on assets (Operating ROA)

Dec 31, 2025 Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Operating income US$ in thousands 4,713,000 5,096,000 4,211,000 2,337,000 -1,022,000
Total assets US$ in thousands 76,448,000 74,083,000 71,104,000 67,358,000 68,175,000
Operating ROA 6.16% 6.88% 5.92% 3.47% -1.50%

December 31, 2025 calculation

Operating ROA = Operating income ÷ Total assets
= $4,713,000K ÷ $76,448,000K
= 6.16%