United Airlines Holdings (XSWX:UAL) Pretax Margin %: 5.96% (As of Mar. 2026) — 13% Below Median


XSWX:UAL United Airlines Holdings Inc XSWX:UAL
79 GF Score
Price CHF103.96
GF Value CHF62.50
! 8 Warning Signs
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What is United Airlines Holdings Pretax Margin %?

United Airlines Holdings XSWX:UAL +7.14% 79 Pretax Margin % is 5.96% as of Mar. 2026, which is 13% below its 10-year median of 6.85. GuruFocus rates XSWX:UAL with a GF Score™ of 79/100 and a GF Value™ of CHF62.50. The stock has 8 warning signs investors should review. Among 1,005 Transportation companies, United Airlines Holdings ranks better than 53.83% on this metric.

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. United Airlines Holdings's Pre-Tax Income for the three months ended in Mar. 2026 was CHF685 Mil. United Airlines Holdings's Revenue for the three months ended in Mar. 2026 was CHF11,501 Mil. Therefore, United Airlines Holdings's pretax margin for the quarter that ended in Mar. 2026 was 5.96%.

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

XSWX:UAL' s Pretax Margin % Range Over the Past 10 Years
Min: -57.45   Med: 6.85   Max: 10.32
Current: 7.77


XSWX:UAL's Pretax Margin % is ranked better than
53.83% of 1005 companies
in the Transportation industry
Industry Median: 6.77 vs XSWX:UAL: 7.77

United Airlines Holdings  (XSWX:UAL) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


United Airlines Holdings Pretax Margin % Related Terms


United Airlines Holdings Pretax Margin % Historical Data

* Premium members only.

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

United Airlines Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -10.38 2.20 6.31 7.30 7.29

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
Pretax 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 3.62 8.19 8.24 8.61 5.96

XSWX:UAL vs LUV, DAL, AAL: Pretax Margin % Comparison

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

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

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


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

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

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

Pretax Margin=Pre-Tax Income (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=3431.451/47072.883
=7.29 %

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

Pretax Margin=Pre-Tax Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=684.951/11500.878
=5.96 %

* 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 Pretax Margin % →
What does a Pretax Margin % of 5.96% mean?
United Airlines Holdings (XSWX:UAL) has a Pretax Margin % of 5.96% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on United Airlines Holdings and its competitors. This is 13% below median its historical median of 6.85. According to the industry distribution chart, United Airlines Holdings ranks #464 out of 1005 companies in the Transportation industry, placing it in the top 46.2%.
Is United Airlines Holdings' Pretax Margin % too high?
United Airlines Holdings' current Pretax Margin % of 5.96% is 13% below median its 10-year median of 6.85. The Transportation industry median Pretax Margin % is 6.77. United Airlines Holdings' value of 5.96% is 12% below this industry median. Based on the distribution chart, United Airlines Holdings ranks #464 out of 1005 companies in the Transportation industry, which is above the industry midpoint. Overall, United Airlines Holdings has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does United Airlines Holdings' Pretax Margin % compare to LUV and DAL?
According to the Transportation industry distribution chart, United Airlines Holdings ranks #464 out of 1005 companies for Pretax Margin %. This puts United Airlines Holdings in the upper half of its industry. The industry median Pretax Margin % is 6.77. United Airlines Holdings' value of 5.96% is 12% below this benchmark. While the company's 10-year median is 6.85 vs. the industry median of 6.77, United Airlines Holdings has consistently been below 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 Pretax Margin % for a Transportation company?
The median Pretax Margin % among Transportation companies is 6.77, based on 1,005 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. United Airlines Holdings's current Pretax Margin % of 5.96% is 12% below 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on United Airlines Holdings and its competitors. For the Transportation industry, the median Pretax Margin % is 6.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Airlines Holdings's current Pretax Margin % is 5.96%, which is 13% below median its own 10-year median of 6.85. 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?
United Airlines Holdings (XSWX:UAL) has a current Pretax Margin % of 5.96%. The stock's GF Value™ is CHF62.50, compared to a current price of CHF103.96 — trading 66.3% above its estimated fair value. The current Pretax Margin % is 5.96%, which is 13% below median its 10-year median of 6.85 and 12% below the Transportation industry median of 6.77. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For United Airlines Holdings (XSWX:UAL), the current Pretax Margin % is 5.96% 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 (XSWX:UAL) Overvalued in 2026?

Based on GuruFocus' analysis, United Airlines Holdings stock appears to be overvalued. The current stock price of CHF103.96 is trading 66.3% above its estimated GF Value™ of CHF62.50.

Key valuation signals for XSWX:UAL:

  • Pretax Margin %: 5.96% (13% below median its 10-year median of 6.85)
  • GF Value™: CHF62.50 vs. price of CHF103.96 (66.3% above fair value)
  • GF Score™: 79/100 with 8 warning signs
  • Industry Position: 12% below the Transportation median (#464 of 1005)

No single metric tells the full story. See the XSWX:UAL 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

Get the complete analysis for XSWX:UAL

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

CHF103.96
Price
CHF62.50
GF Value