United Airlines Holdings Inc (UAL)
Profitability ratios
Return on sales
| 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 30.03% | 16.50% | 16.61% | 21.03% | 24.44% | 28.73% | 28.28% | 25.68% | 23.67% | 20.51% | 16.73% | 9.71% | 2.93% | -9.80% | -36.07% | -72.36% | -32.76% | -2.69% | 15.36% | 26.25% |
| Operating profit margin | 9.02% | 8.37% | 8.74% | 8.05% | 7.93% | 3.84% | 3.41% | 2.24% | -0.55% | 1.34% | 0.35% | -3.54% | -4.15% | -13.85% | -37.01% | -63.87% | -41.41% | -14.73% | -0.87% | 6.80% |
| Pretax margin | 7.30% | 6.49% | 6.89% | 6.35% | 6.31% | 7.14% | 6.71% | 5.09% | 2.20% | -2.42% | -4.31% | -8.83% | -10.38% | -20.58% | -48.11% | -79.82% | -57.45% | -24.55% | -6.07% | 3.44% |
| Net profit margin | 5.52% | 4.93% | 5.28% | 4.90% | 4.87% | 5.45% | 5.24% | 3.93% | 1.64% | -1.85% | -3.43% | -6.84% | -7.97% | -16.19% | -37.89% | -63.43% | -46.04% | -19.85% | -5.25% | 2.43% |
United Airlines Holdings Inc's profitability ratios show a mix of fluctuating trends over the years.
- Gross profit margin improved significantly from negative figures in 2021 to around 30% by 2024, indicating better control over the cost of goods sold and potentially higher revenues.
- Operating profit margin, which was in negative territory in 2020 and early 2021, gradually increased to around 9% by the end of 2024. This suggests improved operational efficiency and cost management.
- Pretax margin also shows a positive trend, moving from deep negative values to around 7% by the end of 2024. This improvement indicates better control over operating expenses and potentially higher revenues.
- Net profit margin, reflecting the company's bottom-line profitability, shows a steady increase from negative values to around 5-6% in the latter half of 2024. This indicates a more efficient management of costs and increased revenue generation relative to expenses.
Overall, the increasing trend in all profitability margins signifies United Airlines' efforts to enhance operational efficiency and drive profitability over the years.
Return on investment
| 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 6.94% | 6.45% | 6.64% | 6.14% | 5.99% | 2.75% | 2.36% | 1.55% | -0.37% | 0.79% | 0.17% | -1.48% | -1.50% | -3.97% | -7.60% | -10.98% | -10.68% | -5.50% | -0.50% | 5.34% |
| Return on assets (ROA) | 4.25% | 3.80% | 4.01% | 3.74% | 3.68% | 3.91% | 3.63% | 2.73% | 1.09% | -1.09% | -1.73% | -2.87% | -2.88% | -4.64% | -7.78% | -10.90% | -11.87% | -7.40% | -3.03% | 1.91% |
| Return on total capital | 38.54% | 45.01% | 51.93% | 56.57% | 55.35% | 62.54% | 67.33% | 63.09% | 38.62% | 13.21% | 2.52% | -25.30% | -19.49% | -47.95% | -115.03% | -140.32% | -131.78% | -68.27% | -14.79% | 22.17% |
| Return on equity (ROE) | 24.84% | 24.16% | 27.89% | 29.26% | 28.08% | 32.32% | 34.59% | 28.78% | 10.67% | -15.35% | -30.78% | -54.72% | -39.03% | -59.18% | -112.74% | -129.12% | -118.61% | -64.70% | -19.56% | 10.76% |
United Airlines Holdings Inc's profitability ratios have shown significant fluctuations over the reporting periods.
- Operating return on assets (Operating ROA) improved from a low of -10.98% in March 2021 to a high of 6.94% in December 2024, indicating better operational efficiency and profitability generation.
- Return on assets (ROA) also exhibited variability, starting from -11.87% in December 2020 and reaching 4.25% by December 2024. This metric indicates the company's ability to generate profit from its total assets.
- Return on total capital had a particularly turbulent period, plunging to -131.78% in December 2020 but recovering to a positive value of 38.54% by December 2024. This suggests a significant improvement in the company's ability to generate returns from its total invested capital.
- Finally, return on equity (ROE) showed a similar trend, with a low of -129.12% in March 2021 and a recovery to 24.84% by December 2024, indicating the company's improved ability to generate returns for its shareholders.
Overall, while there were periods of negative profitability, United Airlines Holdings Inc managed to turn around its performance, showing positive profitability metrics by the end of the reporting period in December 2024.
See also:
United Airlines Holdings Inc Profitability Ratios (Quarterly Data)