Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
Over the last 180 days, United Airlines Holdings, Inc. insiders sold a net $38.4M of stock across 50 Form 4 purchases and sales, with no insider buying. Source: SEC Form 4 filings, as of 2026-10-27.
Nobody has filed for crossing 5%. That is a fact, not missing data.
UAL planned insider sales (Form 144)
Notice of intent to sell, filed before any sale
Nocella Andrew P
Filed 2026-08-25
$585.0K
Nocella Andrew P
Filed 2026-08-04
$396.9K
Leskinen Michael D.
Filed 2026-08-03
$1.3M
Hart Brett J
Filed 2026-07-28
$3.6M
Nocella Andrew P
Filed 2026-07-28
$506.0K
Executive pay vs shareholder return · Scott Kirby
CEO pay, headline and as actually paid, against the company's
return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2025
$32.3M
$45.6M
$12.0M
+159%
-12%
2024
$33.9M
$96.7M
$14.0M
+125%
-17%
2023
$18.6M
$23.1M
$7.5M
-5%
-17%
2022
$9.8M
$9.9M
$2.9M
-13%
-36%
2021
$9.8M
$11.1M
$3.2M
+1%
-2%
Tagged by the company under SEC Item 402(v). Returns are
cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
Insiders have filed to sell, before selling.
The record shows a net $38.4M sold by insiders over 180 days, 1 House member(s) bought in 12 months, disclosed weeks after the trade, $2.2M in planned Form 144 sales. Each figure is a federal filing, dated the day it went public.
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$65.6B
four quarters, 2025-10-01 to 2026-09-30
Revenue, TTM UAL
FY Dec 2025
$59.1B
FY Dec 2024
$57.1B
FY Dec 2023
$53.7B
FY Dec 2022
$45.0B
FY Dec 2021
$24.6B
Sep 2026
$17.9B
Jun 2026
$17.7B
Mar 2026
$14.6B
Dec 2025
$15.4B
Sep 2025
$15.2B
Jun 2025
$15.2B
Mar 2025
$13.2B
Dec 2024
$14.7B
At each fiscal year end
Single quarter
Net margin, TTM
+5.5%
net income over revenue, 2025-10-01 to 2026-09-30
Net margin, TTM UAL
FY Dec 2025
+5.7%
FY Dec 2024
+5.5%
FY Dec 2023
+4.9%
FY Dec 2022
+1.6%
FY Dec 2021
-8.0%
Sep 2026
+5.8%
Jun 2026
+4.6%
Mar 2026
+4.8%
Dec 2025
+6.8%
Sep 2025
+6.2%
Jun 2025
+6.4%
Mar 2025
+2.9%
Dec 2024
+6.7%
At each fiscal year end
Single quarter
Free cash flow, TTM
$1.1B
operating cash flow minus capex, 2025-10-01 to 2026-09-30
Free cash flow, TTM UAL
FY Dec 2025
$2.6B
FY Dec 2024
$3.8B
FY Dec 2023
-$260.0M
FY Dec 2022
$1.2B
FY Dec 2021
-$40.0M
Sep 2026
-$1.7B
Jun 2026
$267.0M
Mar 2026
$3.1B
Dec 2025
-$604.0M
Sep 2025
-$246.0M
Jun 2025
$930.0M
Mar 2025
$2.5B
Dec 2024
$549.0M
At each fiscal year end
Single quarter
Debt to equity
1.61x
long-term 2026-09-30 plus current 2025-12-31 (9 months older than the period end); equity 2026-09-30
Debt to equity UAL
FY Dec 2025
1.39x
FY Dec 2024
1.95x
FY Dec 2023
3.12x
FY Dec 2022
4.52x
FY Dec 2021
6.63x
Sep 2026
1.61x
Jun 2026
1.70x
Mar 2026
1.64x
Dec 2025
1.39x
Sep 2025
1.66x
Jun 2025
1.78x
Mar 2025
2.17x
Dec 2024
1.95x
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
0.28x
TTM operating cash flow over long-term 2026-09-30 plus current 2025-12-31 (9 months older than the period end)
Cash flow to debt UAL
FY Dec 2025
0.40x
FY Dec 2024
0.38x
FY Dec 2023
0.24x
FY Dec 2022
0.19x
FY Dec 2021
0.06x
Sep 2026
0.28x
Jun 2026
0.31x
Mar 2026
0.37x
Dec 2025
0.40x
Sep 2025
0.39x
Jun 2025
0.40x
Mar 2025
0.38x
Dec 2024
0.38x
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
+22.3%
TTM net income over average of 2025-09-30 and 2026-09-30
Return on equity UAL
FY Dec 2025
+24.0%
FY Dec 2024
+28.6%
FY Dec 2023
+32.3%
FY Dec 2022
+12.4%
FY Dec 2021
-35.7%
Sep 2026
+22.3%
Jun 2026
+23.3%
Mar 2026
+25.7%
Dec 2025
+24.0%
Sep 2025
+25.6%
Jun 2025
+27.7%
Mar 2025
+33.6%
Dec 2024
+28.6%
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
+4.4%
TTM net income over average of 2025-09-30 and 2026-09-30
Return on assets UAL
FY Dec 2025
+4.5%
FY Dec 2024
+4.3%
FY Dec 2023
+3.8%
FY Dec 2022
+1.1%
FY Dec 2021
-3.1%
Sep 2026
+4.4%
Jun 2026
+4.3%
Mar 2026
+4.7%
Dec 2025
+4.5%
Sep 2025
+4.4%
Jun 2025
+4.4%
Mar 2025
+4.9%
Dec 2024
+4.3%
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
+10.2%
operating income after a 21.1% effective tax rate, over long-term 2026-09-30 plus current 2025-12-31 (9 months older than the period end) plus average of 2025-09-30 and 2026-09-30 minus cash
Return on invested capital UAL
FY Dec 2025
+13.2%
FY Dec 2024
+13.6%
FY Dec 2023
+10.6%
FY Dec 2022
+7.1%
FY Dec 2021
n/a
Sep 2026
+10.2%
Jun 2026
+11.3%
Mar 2026
+12.6%
Dec 2025
+13.2%
Sep 2025
+12.8%
Jun 2025
+14.9%
Mar 2025
+14.5%
Dec 2024
+13.6%
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
+9.1%
operating income (EBIT proxy) over average of 2025-09-30 and 2026-09-30 minus current liabilities
Return on capital employed UAL
FY Dec 2025
+9.3%
FY Dec 2024
+10.2%
FY Dec 2023
+8.7%
FY Dec 2022
+4.8%
FY Dec 2021
-2.1%
Sep 2026
+9.1%
Jun 2026
+9.3%
Mar 2026
+9.9%
Dec 2025
+9.3%
Sep 2025
+9.8%
Jun 2025
+10.5%
Mar 2025
+11.5%
Dec 2024
+10.2%
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
9.22x
close 2026-10-26 over four quarters of diluted EPS, 2025-10-01 to 2026-09-30
P/E, trailing UAL
FY Dec 2025
10.95x
FY Dec 2024
10.29x
FY Dec 2023
5.24x
FY Dec 2022
17.29x
FY Dec 2021
n/a
Sep 2026
10.16x
Jun 2026
12.73x
Mar 2026
8.23x
Dec 2025
10.95x
Sep 2025
9.66x
Jun 2025
7.97x
Mar 2025
6.29x
Dec 2024
10.29x
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$54.7B
market value at close 2026-10-26 on 2026-10-15 shares, plus long-term 2026-09-30 plus current 2025-12-31 (9 months older than the period end), minus cash 2026-09-30
Enterprise value UAL
FY Dec 2025
$51.5B
FY Dec 2024
$47.8B
FY Dec 2023
$36.6B
FY Dec 2022
$36.4B
FY Dec 2021
$29.3B
Sep 2026
$58.0B
Jun 2026
$62.4B
Mar 2026
$47.9B
Dec 2025
$51.5B
Sep 2025
$48.3B
Jun 2025
$40.5B
Mar 2025
$40.6B
Dec 2024
$47.8B
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
+3.4%
TTM free cash flow over market value at close 2026-10-26
FCF yield UAL
FY Dec 2025
+7.1%
FY Dec 2024
+12.0%
FY Dec 2023
-1.9%
FY Dec 2022
+10.1%
FY Dec 2021
-0.3%
Sep 2026
+3.1%
Jun 2026
+5.8%
Mar 2026
+10.8%
Dec 2025
+7.1%
Sep 2025
+11.9%
Jun 2025
+15.5%
Mar 2025
+21.3%
Dec 2024
+12.0%
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
0.99x
P/E over trailing EPS growth of 9%: four quarters to 2026-09-30 against the four to 2025-09-30
PEG, trailing UAL
FY Dec 2025
1.34x
FY Dec 2024
0.52x
FY Dec 2023
0.02x
FY Dec 2022
n/a
FY Dec 2021
n/a
Sep 2026
1.09x
Jun 2026
1.84x
Mar 2026
4.30x
Dec 2025
1.34x
Sep 2025
0.47x
Jun 2025
0.60x
Mar 2025
0.18x
Dec 2024
0.52x
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-26. Hover or tap a tile for its yearly and quarterly history.Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
UAL ranks highest on profitability (60th percentile) and growth (56th), and lowest on insider conviction (3rd), among Transport peers.
Profitability
60
Inputs
Return on equity+22.3% · 75 pct, sector of 66
Return on assets+4.4% · 62 pct, sector of 80
Return on invested capital+10.2% · 43 pct, universe of 1,069
Return on capital employed+9.1% · 61 pct, sector of 70
Financial health
35
Inputs
Debt to equity1.61x · 19 pct, sector of 105
Cash flow to debt0.28x · 51 pct, sector of 66
Growth
56
Inputs
Revenue growth, YoY+3.5% · 56 pct, sector of 132
Backlog growth, YoYno backlog line filed, or no year-earlier backlog
Insider conviction
3
Inputs
Net Form 4 buying (codes P and S), 180d-$38.4M · 6 pct, sector of 83
Insider buyers, 180d0 · 0 pct, sector of 83
Institutional and government
40
Inputs
Funds adding, latest quarterfewer than five funds report holding it
Congress net buyers, 365d0 · 40 pct, universe of 719
Federal contracts, 180dno federal contracts in 180 days
Lobbying spend, 4 quartersno lobbying filings in the last four quarters
Risk and compliance
50
Inputs
Short interest, % of float+5.2% · 39 pct, sector of 161
Recalls per $1B revenue, 3ynot measured for this sector, almost no peer has an event
EPA cases per $1B revenue, 5ynot measured for this sector, almost no peer has an event
New text in Risk Factors, latest 10-K+11.8% · 61 pct, sector of 68
1 not measured: US patents
US patents needs 1 of 2 inputs, 0 present: patent data not loaded yet
6 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
UAL filings, in plain words
Are United Airlines insiders buying or selling UAL?
In the 180 days to 2026-10-27, United Airlines insiders were net sellers, a net $38.4M across purchases and sales reported on Form 4, by 6 sellers.
Have members of Congress traded UAL?
Yes. In the year to 2026-10-27, 1 House member disclosed buying UAL and 1 House member disclosed selling it; the latest on record is a sale by Gilbert Cisneros dated 2026-02-10.
Are there planned insider sales of UAL?
Yes. 3 Form 144 notices of planned insider sales were filed in the 90 days to 2026-10-27, covering $2.2M of stock; the latest, by Nocella Andrew P, was filed 2026-08-25.
Read the full summary
In the 180 days to 2026-10-27, United Airlines insiders were net sellers of UAL, a net $38.4M across purchases and sales reported on Form 4 by 6 sellers. None of the 12 insider sales was flagged as made under a Rule 10b5-1 plan. In the year to 2026-10-27, 1 member of Congress disclosed buying UAL and 1 member disclosed selling it; the latest on record is a sale by Gilbert Cisneros dated 2026-02-10. Insiders filed 3 Form 144 notices of intent to sell in the 90 days to 2026-10-27, covering $2.2M of stock. Each figure is counted from SEC and House filings as of 2026-10-27, dated the day the filing was made public.
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