Company / Operating Cash Flow
United Airlines Holdings Operating Cash Flow History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Cash Flow
$8.4B
FY2025
5-year range
-$4.1B / $9.4B
FY2021-FY2025
Trend
-10.7%
vs FY2024
Sector context
#9 of 357
Industrials
What the data says
Among 357 Industrials companies, United Airlines Holdings is in the top 3% for operating cash flow. Operating Cash Flow has fluctuated over the past 10 years, ranging from -$4.1B in FY2022 to $9.4B in FY2024.
Based on SEC 10-K filings.
$8.4B in FY2025 with a 5-year CAGR of +6.5%. Top quartile in the Industrials sector.
Improved from $6.9B to $8.4B over the past 2 years.
Industrials sector context is included.
Operating Cash Flow over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- +6.5%
- 10-Year CAGR
- -
Sector benchmark
Top 3% in IndustrialsTop 3% of 357This company $8.4B Sector average $943.1M
▼
+793.9% above sector average
Key checks
Key Insights
- 5-year CAGR of +6.5%, indicating consistent growth.
- In FY2025, operating cash flow decreased 10.7% year-over-year.
- Ranks #9 out of 357 companies in the Industrials sector.
- Peak operating 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 | Operating Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $8.4B | -10.7% |
| FY2024 | $9.4B | +36.7% |
| FY2023 | $6.9B | +267.2% |
| FY2022 | -$4.1B | -159.8% |
| FY2021 | $6.9B | +12.1% |
| FY2020 | $6.2B | +77.4% |
| FY2019 | $3.5B | -43.6% |
| FY2018 | $6.2B | +77.4% |
| FY2017 | $3.5B | -37.3% |
| FY2016 | $5.5B | +283.8% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026