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Held by 943 of 5,944 reporting institutions (99th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $107.64 today, the market must believe free cash flow compounds 4.4%/yr for a decade (off $3.2B normalized FCF).
The market's 4.4% is more optimistic than its 7-yr track record.
2-stage DCF · 0.32B shares · net debt $15.3B
mean -121.6% · volatility σ 160% · implied rate exceeded in 1/4 yrs
Central path = implied 4.4%/yr growth; shaded band = ±1σ (160%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
7/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $637M buybacks = $637M returned on $2.6B FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Insufficient data. Current ROIC on all capital: 9%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $5.9B covers the $0 due within a year 5942000000.0× over. Scheduled principal only (excludes interest & revolver draws). As of 2014-09-30 (10-Q).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Coverage is adequate but not comfortable. Effective rate ~6.5% on $21.3B of debt.
Cash of $5.9B fully covers short-term debt of $4.1B.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $59.07B 100.0% | $57.06B 100.0% | $53.72B 100.0% | $44.95B 100.0% | $24.63B 100.0% | $15.36B 100.0% | $43.26B 100.0% | $41.30B 100.0% | $37.74B 100.0% | $36.56B 100.0% |
| Total Operating Expenses | $54.36B 92.0% | $51.97B 91.1% | $49.51B 92.2% | $42.62B 94.8% | $25.66B 104.1% | $21.71B 141.4% | $38.96B 90.1% | $38.07B 92.2% | $34.17B 90.5% | $32.21B 88.1% |
| Operating Income | $4.71B 8.0% | $5.10B 8.9% | $4.21B 7.8% | $2.34B 5.2% | -$1.02B -4.1% | -$6.36B -41.4% | $4.30B 9.9% | $3.23B 7.8% | $3.62B 9.6% | $4.34B 11.9% |
| Interest Expense | $1.37B 2.3% | $1.63B 2.9% | $1.96B 3.6% | $1.78B 4.0% | — | — | — | $670.0M 1.6% | $626.0M 1.7% | $674.0M 1.8% |
| Interest & Investment Income | $611.0M 1.0% | $726.0M 1.3% | $827.0M 1.5% | $298.0M 0.7% | $36.0M 0.1% | $50.0M 0.3% | $133.0M 0.3% | $101.0M 0.2% | $57.0M 0.2% | $42.0M 0.1% |
| Other Income (Expense), net | -$408.0M -0.7% | -$928.0M -1.6% | -$824.0M -1.5% | -$1.35B -3.0% | -$1.53B -6.2% | -$2.46B -16.0% | -$387.0M -0.9% | -$581.0M -1.4% | -$595.0M -1.6% | -$571.0M -1.6% |
| Pretax Income | $4.31B 7.3% | $4.17B 7.3% | $3.39B 6.3% | $990.0M 2.2% | -$2.56B -10.4% | -$8.82B -57.5% | $3.91B 9.0% | $2.65B 6.4% | $3.02B 8.0% | $3.77B 10.3% |
| Income Tax Expense | $953.0M 1.6% | $1.02B 1.8% | $769.0M 1.4% | $253.0M 0.6% | -$593.0M -2.4% | -$1.75B -11.4% | $905.0M 2.1% | $526.0M 1.3% | $880.0M 2.3% | $1.54B 4.2% |
| Net Income | $3.35B 5.7% | $3.15B 5.5% | $2.62B 4.9% | $737.0M 1.6% | -$1.96B -8.0% | -$7.07B -46.0% | $3.01B 7.0% | $2.12B 5.1% | $2.14B 5.7% | $2.23B 6.1% |
| Per Share | ||||||||||
| EPS (Basic) | $10.32 | $9.58 | $7.98 | $2.26 | $-6.10 | $-25.30 | $11.63 | $7.70 | $7.08 | $6.77 |
| EPS (Diluted) | $10.20 | $9.45 | $7.89 | $2.23 | $-6.10 | $-25.30 | $11.58 | $7.67 | $7.06 | $6.76 |
| Weighted Avg Shares (Basic) | 324.9M | 328.6M | 327.8M | 326.4M | 321.9M | 279.4M | 258.8M | 275.5M | 302.7M | 329.9M |
| Weighted Avg Shares (Diluted) | 328.5M | 333.2M | 331.9M | 330.1M | 321.9M | 279.4M | 259.9M | 276.7M | 303.6M | 330.3M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
EOD close · as of 2026-09-17
Nothing notable to watch.
Where each multiple sits in its own 14-yr range · 54th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Operating Income | 7.8 | 9.9 | -41.4 | -4.1 | 5.2 | 7.8 | 8.9 | 8.0 |
| Income Tax | 1.3 | 2.1 | -11.4 | -2.4 | 0.6 | 1.4 | 1.8 | 1.6 |
| Net Income | 5.1 | 7.0 | -46.0 | -8.0 | 1.6 | 4.9 | 5.5 | 5.7 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on UAL: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 651 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTM | $28.75T | — | — | — | — | — | — | — | — | — | 160 |
| CAT | $364.2B | 41.6× | 29.1× | 5.4× | 4.3% | 33.8% | 13.1% | 41.7% | 15.4% | 2.7× | 3,616 |
| GE | $328.2B | 38.4× | — | 7.2× | 18.5% | — | 19.0% | 46.6% | 22.2% | — | 3,077 |
| RTX | $264.2B | 39.7× | 18.8× | 3.0× | 9.7% | — | 7.6% | 10.3% | 10.3% | 0.0× | 3,277 |
| BA | $204.4B | 81.4× | 41.0× | 2.3× | 34.5% | 4.8% | 2.5% | 41.0% | 3.3% | 10.0× | 2,435 |
| DE | $181.0B | 36.2× | — | 4.0× | -11.7% | — | 11.0% | 19.4% | 12.6% | — | 2,491 |
| ABBNY | $174.3B | 47.1× | 31.1× | 5.4× | 9.5% | 34.8% | 11.9% | 28.5% | 20.4% | 0.9× | 48 |
| UNP | $166.7B | 23.4× | 16.0× | 6.8× | 1.1% | — | 29.1% | 38.7% | 14.2% | 2.6× | 2,648 |
| ETN | $154.3B | 38.1× | — | 5.6× | 10.3% | 37.6% | 14.9% | 21.0% | 13.9% | — | 2,398 |
| HON | $131.9B | 28.2× | 16.2× | 3.5× | 7.8% | 36.9% | 12.6% | 34.0% | 9.8% | 3.6× | 2,694 |
| LMT | $123.0B | 25.0× | 16.1× | 1.6× | 5.6% | 10.2% | 6.7% | 74.6% | 17.7% | 2.5× | 2,807 |
| PH | $117.9B | 33.9× | 26.6× | 5.9× | -0.4% | 36.9% | 17.8% | 25.8% | 16.7% | 1.6× | 1,845 |
| ADP | $108.7B | 25.0× | — | 5.0× | 6.7% | 46.4% | 20.1% | 73.2% | 40.1% | — | 2,179 |
| GD | $97.3B | 23.3× | 17.1× | 1.9× | 10.1% | — | 8.0% | 16.4% | 12.5% | 1.3× | 2,123 |
| TT | $94.0B | 32.5× | 23.2× | 4.4× | 7.5% | — | 13.7% | 34.0% | 22.1% | 1.1× | 1,658 |
| PWR | $92.6B | 91.1× | 46.0× | 3.3× | 20.3% | 15.0% | 3.6% | 11.5% | 10.6% | 0.4× | 1,659 |
| VRT | $91.6B | 70.2× | 43.4× | 8.9× | 27.7% | 36.3% | 13.0% | 33.8% | 19.4% | 1.4× | 1,748 |
| JCI | $91.6B | 27.9× | — | 3.9× | 2.8% | 36.4% | 13.9% | 25.5% | 14.4% | — | 1,487 |
| HWM | $91.5B | 61.4× | 40.3× | 11.1× | 11.1% | — | 18.3% | 28.2% | 17.9% | 1.3× | 1,399 |
| CSX | $89.1B | 31.1× | 14.4× | 6.3× | -3.1% | — | 20.5% | 22.0% | 22.0% | — | 1,791 |
| MMM | $86.2B | 27.1× | 16.6× | 3.5× | 1.5% | 39.9% | 13.0% | 69.1% | 18.8% | 2.1× | 2,051 |
| WM | $86.2B | 31.9× | 12.1× | 3.4× | 14.2% | 40.4% | 10.7% | 27.1% | 25.3% | 0.1× | 2,262 |
| UPS | $83.9B | 15.1× | 9.4× | 0.9× | -2.6% | — | 6.3% | 34.3% | 13.8% | 2.2× | 2,025 |
| EMR | $82.1B | 36.1× | — | 4.6× | 3.0% | 52.8% | 12.7% | 11.3% | 6.9% | — | 2,112 |
| CTAS | $80.4B | 45.3× | 28.9× | 7.8× | 7.7% | 50.0% | 17.5% | 38.7% | 25.5% | 0.8× | 1,366 |
| UAL | $34.4B | 10.4× | 6.5× | 0.6× | 3.5% | — | 5.7% | 21.9% | 9.2% | 2.8× | 943 |
Peers = companies sharing UAL's sector (Industrials) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.