Company / Free Cash Flow
United Airlines Holdings Free Cash Flow History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Free Cash Flow
$2.6B
FY2025
5-year range
-$5.9B / $3.8B
FY2021-FY2025
Trend
-33.2%
vs FY2024
Sector context
#23 of 336
Industrials
What the data says
Among 336 Industrials companies, United Airlines Holdings is in the top 7% for free cash flow. Free Cash Flow has fluctuated over the past 10 years, ranging from -$5.9B in FY2022 to $3.8B in FY2024.
Based on SEC 10-K filings.
$2.6B in FY2025 with a 5-year CAGR of +4.1%. Top quartile in the Industrials sector.
Improved from -$260M to $2.6B over the past 2 years.
Industrials sector context is included.
Free Cash Flow over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- +4.1%
- 10-Year CAGR
- -
Sector benchmark
Top 7% in IndustrialsTop 7% of 336This company $2.6B Sector average $628.9M
▼
+306.6% above sector average
Key checks
Key Insights
- 5-year CAGR of +4.1%, indicating consistent growth.
- In FY2025, free cash flow decreased 33.2% year-over-year.
- Ranks #23 out of 336 companies in the Industrials sector.
- Peak free cash flow was recorded in FY2024.
Company context
Key Data Points
- Altman Z-Score 1.09 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
- Strong return on equity: 23.0%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Free Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $2.6B | -33.2% |
| FY2024 | $3.8B | +1573.1% |
| FY2023 | -$260.0M | +95.6% |
| FY2022 | -$5.9B | -346.1% |
| FY2021 | $2.4B | +13.7% |
| FY2020 | $2.1B | +628.8% |
| FY2019 | -$396.0M | -118.9% |
| FY2018 | $2.1B | +628.8% |
| FY2017 | -$396.0M | -117.1% |
| FY2016 | $2.3B | +422.1% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026