United Airlines Holdings (HAM:UAL1) FCF Margin %: 21.41% (As of Mar. 2026) — 503% Above Median


HAM:UAL1 United Airlines Holdings Inc HAM:UAL1
79 GF Score
Price €105.50
GF Value €67.96
Valuation Significantly Overvalued
! 8 Warning Signs
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What is United Airlines Holdings FCF Margin %?

United Airlines Holdings HAM:UAL1 +1.44% 79 FCF Margin % is 21.41% as of Mar. 2026, which is 503% above its 10-year median of 3.55. GuruFocus rates HAM:UAL1 with a GF Score™ of 79/100 and a GF Value™ of €67.96 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,006 Transportation companies, United Airlines Holdings ranks better than 54.57% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. United Airlines Holdings's Free Cash Flow for the three months ended in Mar. 2026 was €2,705 Mil. United Airlines Holdings's Revenue for the three months ended in Mar. 2026 was €12,636 Mil. Therefore, United Airlines Holdings's FCF Margin % for the quarter that ended in Mar. 2026 was 21.41%.

As of today, United Airlines Holdings's current FCF Yield % is 8.13%.

The historical rank and industry rank for United Airlines Holdings's FCF Margin % or its related term are showing as below:

HAM:UAL1' s FCF Margin % Range Over the Past 10 Years
Min: -38.16   Med: 3.55   Max: 6.71
Current: 5.36


During the past 13 years, the highest FCF Margin % of United Airlines Holdings was 6.71%. The lowest was -38.16%. And the median was 3.55%.

HAM:UAL1's FCF Margin % is ranked better than
54.57% of 1006 companies
in the Transportation industry
Industry Median: 4.38 vs HAM:UAL1: 5.36


United Airlines Holdings FCF Margin % Related Terms


United Airlines Holdings FCF Margin % Historical Data

* Premium members only.

The historical data trend for United Airlines Holdings's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

United Airlines Holdings FCF Margin % Chart

United Airlines Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
FCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.16 2.77 -0.48 6.71 4.33

United Airlines Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.75 6.10 -1.62 -3.92 21.41

HAM:UAL1 vs LUV, DAL, AAL: FCF Margin % Comparison

For the Airlines subindustry, United Airlines Holdings's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


United Airlines Holdings FCF Margin % vs Transportation Industry

For the Transportation industry and Industrials sector, United Airlines Holdings's FCF Margin % distribution charts can be found below:

* The bar in red indicates where United Airlines Holdings's FCF Margin % falls into.


HAM:UAL1
79GF Score
United Airlines Holdings Inc HAM:UAL1
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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United Airlines Holdings FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

United Airlines Holdings's FCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=2183.678/50445.78
=4.33 %

United Airlines Holdings's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=2704.855/12635.92
=21.41 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of 21.41% mean?
United Airlines Holdings (HAM:UAL1) has a FCF Margin % of 21.41% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on United Airlines Holdings and its competitors. This is 503% above median its historical median of 3.55. According to the industry distribution chart, United Airlines Holdings ranks #457 out of 1006 companies in the Transportation industry, placing it in the top 45.4%.
Is United Airlines Holdings' FCF Margin % too high?
United Airlines Holdings' current FCF Margin % of 21.41% is 503% above median its 10-year median of 3.55. The Transportation industry median FCF Margin % is 4.38. United Airlines Holdings' value of 21.41% is 388.8% above this industry median. Based on the distribution chart, United Airlines Holdings ranks #457 out of 1006 companies in the Transportation industry, which is above the industry midpoint. Overall, United Airlines Holdings has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Airlines Holdings' FCF Margin % compare to LUV and DAL?
According to the Transportation industry distribution chart, United Airlines Holdings ranks #457 out of 1006 companies for FCF Margin %. This puts United Airlines Holdings in the upper half of its industry. The industry median FCF Margin % is 4.38. United Airlines Holdings' value of 21.41% is 388.8% above this benchmark. While the company's 10-year median is 3.55 vs. the industry median of 4.38, United Airlines Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Transportation company?
The median FCF Margin % among Transportation companies is 4.38, based on 1,006 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. United Airlines Holdings's current FCF Margin % of 21.41% is 388.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on United Airlines Holdings and its competitors. For the Transportation industry, the median FCF Margin % is 4.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Airlines Holdings's current FCF Margin % is 21.41%, which is 503% above median its own 10-year median of 3.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Airlines Holdings stock overvalued right now?
Based on GuruFocus' analysis, United Airlines Holdings (HAM:UAL1) is currently considered Significantly Overvalued. The stock's GF Value™ is €67.96, compared to a current price of €105.50 — trading 55.2% above its estimated fair value. The current FCF Margin % is 21.41%, which is 503% above median its 10-year median of 3.55 and 388.8% above the Transportation industry median of 4.38. United Airlines Holdings' overall GF Score™ is 79/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For United Airlines Holdings (HAM:UAL1), the current FCF Margin % is 21.41% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is United Airlines Holdings (HAM:UAL1) Overvalued in 2026?

Based on GuruFocus' analysis, United Airlines Holdings stock appears to be overvalued. The current stock price of €105.50 is trading 55.2% above its estimated GF Value™ of €67.96. GuruFocus considers United Airlines Holdings to be Significantly Overvalued.

Key valuation signals for HAM:UAL1:

  • FCF Margin %: 21.41% (503% above median its 10-year median of 3.55)
  • GF Value™: €67.96 vs. price of €105.50 (55.2% above fair value)
  • GF Score™: 79/100 with 8 warning signs
  • Industry Position: 388.8% above the Transportation median (#457 of 1006)

No single metric tells the full story. See the HAM:UAL1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


United Airlines Holdings Business Description

Address 233 South Wacker Drive, Chicago, IL, USA, 60606
Chicago-based United Airlines is a major US network carrier with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, Newark, and Washington, D.C. United operates a hub-and-spoke system that is more focused on international and long-haul travel, especially across the Pacific, than its large US peers.
79GF Score

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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€105.50
Price
€67.96
GF Value