United Airlines Holdings (HAM:UAL1) OCF Margin %: 32.85% (As of Mar. 2026) — 137% 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 OCF Margin %?

United Airlines Holdings HAM:UAL1 +1.44% 79 OCF Margin % is 32.85% as of Mar. 2026, which is 137% above its 10-year median of 13.88. 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 57.16% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. United Airlines Holdings's Cash Flow from Operations for the three months ended in Mar. 2026 was €4,151 Mil. United Airlines Holdings's Revenue for the three months ended in Mar. 2026 was €12,636 Mil. Therefore, United Airlines Holdings's OCF Margin % for the quarter that ended in Mar. 2026 was 32.85%.

As of today, United Airlines Holdings's current OCF Yield % is 24.13%.

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

HAM:UAL1' s OCF Margin % Range Over the Past 10 Years
Min: -26.92   Med: 13.88   Max: 16.55
Current: 15.8


During the past 13 years, the highest OCF Margin % of United Airlines Holdings was 16.55%. The lowest was -26.92%. And the median was 13.88%.

HAM:UAL1's OCF Margin % is ranked better than
57.16% of 1006 companies
in the Transportation industry
Industry Median: 12.945 vs HAM:UAL1: 15.80


United Airlines Holdings OCF Margin % Related Terms


United Airlines Holdings OCF Margin % Historical Data

* Premium members only.

The historical data trend for United Airlines Holdings's OCF 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 OCF Margin % Chart

United Airlines Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
OCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.39 13.49 12.87 16.55 14.27

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
OCF 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 28.08 14.55 8.00 8.35 32.85

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

For the Airlines subindustry, United Airlines Holdings's OCF Margin %, along with its competitors' market caps and OCF 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 OCF Margin % vs Transportation Industry

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

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


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

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

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

OCF Margin=Cash Flow from Operations (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=7200.074/50445.78
=14.27 %

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

OCF Margin=Cash Flow from Operations (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=4151.135/12635.92
=32.85 %

* 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 OCF Margin % →
What does a OCF Margin % of 32.85% mean?
United Airlines Holdings (HAM:UAL1) has a OCF Margin % of 32.85% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on United Airlines Holdings and its competitors. This is 137% above median its historical median of 13.88. According to the industry distribution chart, United Airlines Holdings ranks #431 out of 1006 companies in the Transportation industry, placing it in the top 42.8%.
Is United Airlines Holdings' OCF Margin % too high?
United Airlines Holdings' current OCF Margin % of 32.85% is 137% above median its 10-year median of 13.88. The Transportation industry median OCF Margin % is 12.95. United Airlines Holdings' value of 32.85% is 153.8% above this industry median. Based on the distribution chart, United Airlines Holdings ranks #431 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' OCF Margin % compare to LUV and DAL?
According to the Transportation industry distribution chart, United Airlines Holdings ranks #431 out of 1006 companies for OCF Margin %. This puts United Airlines Holdings in the upper half of its industry. The industry median OCF Margin % is 12.95. United Airlines Holdings' value of 32.85% is 153.8% above this benchmark. While the company's 10-year median is 13.88 vs. the industry median of 12.95, 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 OCF Margin % for a Transportation company?
The median OCF Margin % among Transportation companies is 12.95, based on 1,006 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. United Airlines Holdings's current OCF Margin % of 32.85% is 153.8% 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on United Airlines Holdings and its competitors. For the Transportation industry, the median OCF Margin % is 12.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Airlines Holdings's current OCF Margin % is 32.85%, which is 137% above median its own 10-year median of 13.88. 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 OCF Margin % is 32.85%, which is 137% above median its 10-year median of 13.88 and 153.8% above the Transportation industry median of 12.95. 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 OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For United Airlines Holdings (HAM:UAL1), the current OCF Margin % is 32.85% 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:

  • OCF Margin %: 32.85% (137% above median its 10-year median of 13.88)
  • GF Value™: €67.96 vs. price of €105.50 (55.2% above fair value)
  • GF Score™: 79/100 with 8 warning signs
  • Industry Position: 153.8% above the Transportation median (#431 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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OCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€105.50
Price
€67.96
GF Value