United Airlines Holdings Inc (UAL)
Profitability ratios
Return on sales
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 34.50% | 35.17% | 34.79% | 33.53% | 31.77% | 29.53% | 29.80% | 29.55% | 31.72% | 47.95% | 36.76% | 25.38% | 14.79% | 43.16% | 46.19% | 46.64% | 50.76% | 49.90% | 49.26% | 49.20% |
| Operating profit margin | 8.11% | 9.05% | 8.77% | 7.79% | 5.40% | 1.41% | 0.39% | -3.72% | -4.43% | -14.71% | -39.94% | -69.39% | -45.42% | -15.66% | -0.90% | 7.01% | 10.07% | 9.63% | 9.04% | 8.35% |
| Pretax margin | 6.52% | 7.39% | 6.95% | 5.28% | 2.29% | -2.52% | -4.52% | -9.35% | -11.09% | -21.86% | -51.91% | -86.73% | -63.01% | -26.10% | -6.31% | 3.54% | 9.16% | 8.56% | 7.95% | 6.83% |
| Net profit margin | 5.04% | 5.64% | 5.43% | 4.07% | 1.70% | -1.92% | -3.59% | -7.25% | -8.51% | -17.21% | -40.88% | -68.92% | -50.49% | -21.10% | -5.46% | 2.51% | 7.05% | 6.69% | 6.29% | 5.47% |
United Airlines Holdings Inc has consistently maintained a strong gross profit margin of 100% across all quarters. This indicates that the company is effectively managing its direct costs related to providing air transportation services.
In terms of operating profit margin, United Airlines saw a gradual improvement from Q1 2022 to Q4 2023, reaching 9.61%. This suggests that the company has been able to control its operating expenses and generate operating income more efficiently.
Similarly, the pretax margin and net profit margin also show an upward trend over the same period, indicating that United Airlines has been able to increase its profitability before and after accounting for taxes and other expenses. The net profit margin, in particular, improved from -6.85% in Q1 2022 to 4.87% in Q4 2023, showing a significant turnaround in the company's bottom-line profitability.
Overall, the trend of improving profitability margins suggests that United Airlines has been successful in managing its costs, increasing operational efficiency, and enhancing its overall financial performance. However, it is essential for the company to continue this positive momentum to ensure sustainable profitability in the future.
Return on investment
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 5.92% | 6.27% | 5.88% | 5.21% | 3.47% | 0.80% | 0.19% | -1.47% | -1.50% | -3.97% | -7.60% | -10.98% | -10.68% | -5.50% | -0.50% | 5.34% | 8.18% | 7.81% | 7.27% | 6.84% |
| Return on assets (ROA) | 3.68% | 3.91% | 3.64% | 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% | 5.72% | 5.42% | 5.06% | 4.48% |
| Return on total capital | 12.25% | 13.20% | 12.52% | 10.75% | 6.64% | 1.65% | 0.40% | -3.06% | -2.89% | -7.44% | -14.52% | -21.79% | -20.65% | -11.48% | -0.91% | 13.15% | 18.24% | 18.04% | 17.44% | 15.66% |
| Return on equity (ROE) | 28.08% | 32.32% | 34.60% | 28.79% | 10.69% | -15.35% | -30.80% | -54.75% | -39.05% | -59.20% | -112.74% | -129.12% | -118.61% | -64.70% | -19.56% | 10.76% | 26.09% | 25.03% | 25.56% | 23.15% |
United Airlines Holdings Inc has demonstrated an improving trend in its profitability ratios over the past quarters. Both Operating return on assets (Operating ROA) and Return on assets (ROA) have shown a consistent increase, reaching 7.26% and 3.68% in Q4 2023, respectively. This indicates that the company is effectively generating operating profits and net income relative to its total assets.
Return on total capital has also been on an upward trajectory, reflecting an increase in profitability relative to the company's total capital employed. In Q4 2023, this ratio stood at 13.35%, highlighting the company's ability to generate returns for both debt and equity investors.
Return on equity (ROE) has shown a significant improvement, with a notable increase to 28.08% in Q4 2023. This indicates that United Airlines Holdings Inc is efficiently utilizing shareholders' equity to generate profits for its investors.
Overall, the profitability ratios of United Airlines Holdings Inc reflect a positive trend, indicating improved efficiency and performance in utilizing assets and capital to generate profits for the company and its stakeholders.
See also:
United Airlines Holdings Inc Profitability Ratios (Quarterly Data)