United Airlines Holdings Inc (UAL)

Operating return on assets (Operating ROA)

Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Operating income (ttm) US$ in thousands 4,713,000 4,829,000 4,999,000 5,603,000 5,095,000 4,590,000 4,764,000 4,352,000 4,210,000 4,588,000 4,307,000 3,668,000 2,327,000 544,000 123,000 -1,025,000 -1,022,000 -2,749,000 -5,401,000 -6,768,000
Total assets US$ in thousands 76,448,000 76,313,000 77,163,000 76,111,000 74,083,000 72,640,000 73,254,000 71,902,000 71,104,000 73,153,000 73,341,000 70,417,000 67,358,000 68,968,000 70,381,000 69,038,000 68,175,000 69,294,000 71,049,000 61,662,000
Operating ROA 6.16% 6.33% 6.48% 7.36% 6.88% 6.32% 6.50% 6.05% 5.92% 6.27% 5.87% 5.21% 3.45% 0.79% 0.17% -1.48% -1.50% -3.97% -7.60% -10.98%

December 31, 2025 calculation

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