UAL United Airlines Holdings

XNGS Sideways Alert

Industrials

· How we analyze

About the company

United Airlines Holdings is the parent company of United Airlines, a US airline. It flies from hubs such as Chicago, Denver, Houston and Newark to destinations in the US and worldwide. It is a member of the Star Alliance. As of Oct 13, 2026

Fact sheet (from the annual report) Airlines · Chicago, USA

United Airlines Holdings is the holding company of the airline United Airlines, which carries passengers and cargo. It has hubs in Chicago, Denver, Houston, Los Angeles, Newark, San Francisco and Washington, among other places. Together with regional partners, the group also flies to destinations in Asia, Europe, Africa, the Pacific, the Middle East and Latin America. The hub system combines connecting traffic, so that many places can be served more frequently than with direct flights. United is a member of the Star Alliance and offers fares from Basic Economy to the Polaris cabin class.

Automatically summarized from SEC annual report (10-K, filed Feb 12, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026

Price performance at a glance

Last 30 trading days
  • Today +4.0%
  • 7 days +7.1%
  • 30 days −8.1%
  • 1 year +6.0%
Day range (last trading day)
−4.5%Price at 92% of the range+0.4%
52-week range
−19.2%Price at 37% of the range+32.5%
Distance from the all-time high
−24.5%

Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.

Double bottom · Analysis method

This method currently detects no pattern for UAL. The check runs daily after the close.

You see new patterns immediately from Watcher, on the free plan 2 days after they form. Plans and pricing

What does the pattern show?

What is this? The price has formed two similarly deep lows and broken above the neckline between them. This is seen as a sign that the downward move is ending.

This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice

Fundamental analysis

United Airlines Holdings · Sector Industrials · amounts in USD

Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 12, 2026.

Quality checks

Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.

Fiscal year to Dec 31, 2025

Quality 1 of 7 met · 1 without data

  • no data: Gross margin above 40% not stated in the SEC filings
  • not met: Operating margin above 15% 8.0%
  • not met: Net margin above 10% 5.7%
  • met: Return on equity above 15% 21.9%
  • not met: Free cash flow margin above 10% 4.3%
  • not met: Profit in each of the last 5 fiscal years 4 of 5
  • not met: Free cash flow positive in each of the last 3 fiscal years 2 of 3
  • not met: Equity ratio above 30% 20.0%
Operating margin

8.0% Fiscal year 2025

Rank 36 of 100: higher than 36% of 192 peers (All). medium.

Rank 38 of 100: higher than 38% of 28 peers (Sector). medium.

Median Industrials: 10.4%

Operating income divided by revenue: what the core business earns before interest and taxes.

Net margin

5.7% Fiscal year 2025

Rank 27 of 100: higher than 27% of 237 peers (All). weak.

Rank 22 of 100: higher than 22% of 34 peers (Sector). weak.

Median Industrials: 12.9%

Profit after all costs, interest and taxes divided by revenue.

Return on equity

21.9% Fiscal year 2025

Rank 60 of 100: higher than 60% of 218 peers (All). medium.

Rank 36 of 100: higher than 36% of 32 peers (Sector). medium.

Median Industrials: 26.3%

Net income divided by equity at fiscal year end.

Return on assets

4.4% Fiscal year 2025 (total assets at year end)

Rank 41 of 100: higher than 41% of 238 peers (All). medium.

Rank 28 of 100: higher than 28% of 34 peers (Sector). weak.

Median Industrials: 7.5%

Net income divided by total assets at fiscal year end.

Equity ratio

20.0% Fiscal year 2025

Rank 25 of 100: higher than 25% of 239 peers (All). weak.

Rank 28 of 100: higher than 28% of 34 peers (Sector). weak.

Median Industrials: 33.2%

Equity as a share of total assets. Usually low for banks.

Free cash flow margin

4.3% Fiscal year 2025

Rank 27 of 100: higher than 27% of 213 peers (All). weak.

Rank 20 of 100: higher than 20% of 32 peers (Sector). weak.

Median Industrials: 10.5%

Free cash flow divided by revenue.

Free cash flow

2.6B USD Fiscal year 2025

Operating cash flow minus capital expenditure on property and equipment.

Growth 5 of 6 met · 1 without data

  • met: Over 3 years, revenue grew by more than 5% per year +9.5%
  • met: Over 5 years, revenue grew by more than 5% per year +30.9%
  • not met: Over 10 years, revenue grew by more than 5% per year +4.5%
  • met: Over 3 years, EPS grew by more than 5% per year +66.0%
  • no data: Over 5 years, EPS grew by more than 5% per year not computable (loss in the first or last year, or figures missing)
  • met: Revenue rose in at least 4 of the last 5 fiscal years 5 of 5
  • met: Revenue rose in the last fiscal year +3.5%
Revenue growth 3 years

+9.5% per year

Rank 53 of 100: higher than 53% of 230 peers (All). medium.

Rank 58 of 100: higher than 58% of 32 peers (Sector). medium.

Median Industrials: +8.5%

Average growth per year over 3 fiscal years.

Revenue growth 5 years

+30.9% per year

Rank 84 of 100: higher than 84% of 217 peers (All). strong.

Rank 88 of 100: higher than 88% of 30 peers (Sector). strong.

Median Industrials: +9.2%

Average growth per year over 5 fiscal years.

Revenue growth 10 years

+4.5% per year

Rank 33 of 100: higher than 33% of 157 peers (All). medium.

Rank 50 of 100: higher than 50% of 21 peers (Sector). medium.

Median Industrials: +4.5%

Average growth per year over 10 fiscal years.

EPS growth 3 years

+66.0% per year

Rank 95 of 100: higher than 95% of 157 peers (All). strong.

Rank 98 of 100: higher than 98% of 23 peers (Sector). strong.

Median Industrials: +10.7%

Growth of earnings per share per year, adjusted for stock splits.

EPS growth 10 years

−6.3% per year

Rank 3 of 100: higher than 3% of 140 peers (All). weak.

Rank 7 of 100: higher than 7% of 21 peers (Sector). weak.

Median Industrials: +8.1%

Growth of earnings per share per year, adjusted for stock splits.

Dividend 0 of 1 met · 6 without data

  • not met: Pays a dividend no dividend per share reported for the last fiscal year
  • no data: Payout ratio at most 60% of earnings pays no dividend
  • no data: Dividend paid in each of the last 5 fiscal years pays no dividend
  • no data: Dividend per share never lowered in the last 5 fiscal years pays no dividend
  • no data: Dividend per share higher than 5 years ago pays no dividend
  • no data: Free cash flow per share covers the dividend pays no dividend
  • no data: Dividends paid over the last 5 years covered by free cash flow pays no dividend

Financial strength 2 of 5 met · 1 without data

  • no data: Piotroski F-Score at least 7 of 9 too many criteria without data 6 of 8 · 1 without data
  • not met: Long-term debt no higher than equity 1.12
  • not met: Current assets cover current liabilities 0.65
  • met: Positive equity 15.3B USD
  • not met: In 5 years, share count up by at most 5% +17.6%
  • met: Free cash flow positive in the last fiscal year 2.6B USD
Piotroski F-Score

6 of 8 Fiscal year 2025

No rank: not all 9 criteria have data.

Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.

Debt / equity

1.12 at fiscal year end

Rank 28 of 100: lower than 28% of 199 peers (All). weak.

Rank 33 of 100: lower than 33% of 32 peers (Sector). medium.

Median Industrials: 0.62

Long-term financial debt divided by equity.

Liquidity (current ratio)

0.65 at fiscal year end

Rank 4 of 100: higher than 4% of 215 peers (All). weak.

Rank 2 of 100: higher than 2% of 33 peers (Sector). weak.

Median Industrials: 1.22

Current assets divided by current liabilities.

Change in share count

+17.6% in 5 years

Rank 22 of 100: lower than 22% of 199 peers (All). weak.

Rank 22 of 100: lower than 22% of 29 peers (Sector). weak.

Median Industrials: −5.4%

Change in diluted share count. Negative = share buybacks, positive = new shares.

The 9 criteria of the Piotroski F-Score
  • met: Profit in the last fiscal year (positive return on assets)
  • met: Positive operating cash flow
  • met: Return on assets higher than the prior year
  • met: Operating cash flow higher than net income
  • met: Long-term debt relative to total assets fell
  • not met: Liquidity (current assets / current liabilities) rose
  • met: No additional shares (diluted share count did not rise)
  • no data: Gross margin higher than the prior year
  • not met: Revenue relative to total assets higher than the prior year

Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.

Price-based criteria (P/E, dividend yield) are shown to signed-in users.

Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.

In short

  • Light green: Revenue grew over 5 years (+30.9% per year), at least as fast as the sector median.
  • Light yellow: Net margin 5.7%, below the sector median (11.1%).
  • Light red: Debt much higher than usual in the sector.
  • Light red: Profit in 8 of 10 fiscal years.

Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.

RevenueNet income Net margin (below) in USD
  1. Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 36.6B USD · Net income 2.3B USD · Net margin 6.2%
  2. Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 37.7B USD · Net income 2.1B USD · Net margin 5.6%
  3. Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 41.3B USD · Net income 2.1B USD · Net margin 5.2%
  4. Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 43.3B USD · Net income 3.0B USD · Net margin 7.0%
  5. Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 15.4B USD · Net income −7.1B USD · Net margin −46.0%
  6. Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 24.6B USD · Net income −2.0B USD · Net margin −8.0%
  7. Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 45.0B USD · Net income 737.0M USD · Net margin 1.6%
  8. Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 53.7B USD · Net income 2.6B USD · Net margin 4.9%
  9. Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 57.1B USD · Net income 3.1B USD · Net margin 5.5%
  10. Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 59.1B USD · Net income 3.4B USD · Net margin 5.7%

Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 59.1B USD · Net income 3.4B USD · Net margin 5.7%

Figures over time

Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.

Money flow in fiscal year 2025

Of 100 USD of revenue, 8.0 USD operating income and 5.7 USD net income remained.

Money flow as a table
Fiscal year 2025, amounts in USD, share of revenue
ItemAmountof revenue
Revenue59.1B USD100.0%
Operating income4.7B USD8.0%
Cost of revenue and operating expenses54.4B USD92.0%
Net income3.4B USD5.7%
Taxes953.0M USD1.6%
Interest & other (net)407.0M USD0.7%

Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.

Margins

The operating margin rose in 5 years from −41.4% to 8.0%.

Operating marginNet margin
  1. Fiscal year 2016: Operating margin 11.9% · Net margin 6.2%
  2. Fiscal year 2017: Operating margin 9.3% · Net margin 5.6%
  3. Fiscal year 2018: Operating margin 8.0% · Net margin 5.2%
  4. Fiscal year 2019: Operating margin 9.9% · Net margin 7.0%
  5. Fiscal year 2020: Operating margin −41.4% · Net margin −46.0%
  6. Fiscal year 2021: Operating margin −4.1% · Net margin −8.0%
  7. Fiscal year 2022: Operating margin 5.2% · Net margin 1.6%
  8. Fiscal year 2023: Operating margin 7.8% · Net margin 4.9%
  9. Fiscal year 2024: Operating margin 8.9% · Net margin 5.5%
  10. Fiscal year 2025: Operating margin 8.0% · Net margin 5.7%

Returns

Return on equity rose in 5 years from −118.6% to 21.9%.

Return on equityReturn on assets
  1. Fiscal year 2016: Return on equity 26.1% · Return on assets 5.6%
  2. Fiscal year 2017: Return on equity 24.2% · Return on assets 5.0%
  3. Fiscal year 2018: Return on equity 21.3% · Return on assets 4.8%
  4. Fiscal year 2019: Return on equity 26.1% · Return on assets 5.7%
  5. Fiscal year 2020: Return on equity −118.6% · Return on assets −11.9%
  6. Fiscal year 2021: Return on equity −39.1% · Return on assets −2.9%
  7. Fiscal year 2022: Return on equity 10.7% · Return on assets 1.1%
  8. Fiscal year 2023: Return on equity 28.1% · Return on assets 3.7%
  9. Fiscal year 2024: Return on equity 24.8% · Return on assets 4.3%
  10. Fiscal year 2025: Return on equity 21.9% · Return on assets 4.4%

Equity and long-term debt

The equity ratio rose in 5 years from 10.0% to 20.0%.

EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.
  1. Fiscal year 2016: Equity 8.7B USD · Long-term debt 9.9B USD
  2. Fiscal year 2017: Equity 8.8B USD · Long-term debt 11.7B USD
  3. Fiscal year 2018: Equity 10.0B USD · Long-term debt 12.2B USD
  4. Fiscal year 2019: Equity 11.5B USD · Long-term debt 13.1B USD
  5. Fiscal year 2020: Equity 6.0B USD · Long-term debt 24.8B USD
  6. Fiscal year 2021: Equity 5.0B USD · Long-term debt 30.4B USD
  7. Fiscal year 2022: Equity 6.9B USD · Long-term debt 28.3B USD
  8. Fiscal year 2023: Equity 9.3B USD · Long-term debt 25.1B USD
  9. Fiscal year 2024: Equity 12.7B USD · Long-term debt 21.7B USD
  10. Fiscal year 2025: Equity 15.3B USD · Long-term debt 17.2B USD

Liquidity (current ratio)

The current ratio fell in 5 years from 1.16 to 0.65.

Current ratio
  1. Fiscal year 2016: Current ratio 0.59
  2. Fiscal year 2017: Current ratio 0.56
  3. Fiscal year 2018: Current ratio 0.54
  4. Fiscal year 2019: Current ratio 0.55
  5. Fiscal year 2020: Current ratio 1.16
  6. Fiscal year 2021: Current ratio 1.19
  7. Fiscal year 2022: Current ratio 1.00
  8. Fiscal year 2023: Current ratio 0.83
  9. Fiscal year 2024: Current ratio 0.81
  10. Fiscal year 2025: Current ratio 0.65

Cash flow

Free cash flow rose in 5 years from −5.9B USD to 2.6B USD.

Operating cash flowCapital expenditureFree cash flow in USD
  1. Fiscal year 2016: Operating cash flow 5.5B USD · Capital expenditure 3.2B USD · Free cash flow 2.3B USD
  2. Fiscal year 2017: Operating cash flow 3.5B USD · Capital expenditure 4.0B USD · Free cash flow −524.0M USD
  3. Fiscal year 2018: Operating cash flow 6.2B USD · Capital expenditure 4.2B USD · Free cash flow 2.0B USD
  4. Fiscal year 2019: Operating cash flow 6.9B USD · Capital expenditure 4.5B USD · Free cash flow 2.4B USD
  5. Fiscal year 2020: Operating cash flow −4.1B USD · Capital expenditure 1.7B USD · Free cash flow −5.9B USD
  6. Fiscal year 2021: Operating cash flow 2.1B USD · Capital expenditure 2.1B USD · Free cash flow −40.0M USD
  7. Fiscal year 2022: Operating cash flow 6.1B USD · Capital expenditure 4.8B USD · Free cash flow 1.2B USD
  8. Fiscal year 2023: Operating cash flow 6.9B USD · Capital expenditure 7.2B USD · Free cash flow −260.0M USD
  9. Fiscal year 2024: Operating cash flow 9.4B USD · Capital expenditure 5.6B USD · Free cash flow 3.8B USD
  10. Fiscal year 2025: Operating cash flow 8.4B USD · Capital expenditure 5.9B USD · Free cash flow 2.6B USD

Share count

The share count rose in 5 years by 17.6% – more new shares were issued than repurchased (dilution).

Diluted share count
  1. Fiscal year 2016: Diluted share count 330.3M
  2. Fiscal year 2017: Diluted share count 303.6M
  3. Fiscal year 2018: Diluted share count 276.7M
  4. Fiscal year 2019: Diluted share count 259.9M
  5. Fiscal year 2020: Diluted share count 279.4M
  6. Fiscal year 2021: Diluted share count 321.9M
  7. Fiscal year 2022: Diluted share count 330.1M
  8. Fiscal year 2023: Diluted share count 331.9M
  9. Fiscal year 2024: Diluted share count 333.2M
  10. Fiscal year 2025: Diluted share count 328.5M

From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.

Dividends and share repurchases

How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.

Dividend per share
none pays no dividend
To shareholders (5 years)
799.0M USD 100% through repurchases
Share count over 5 years
+17.6% more shares – dilution

What goes back to shareholders

Over 5 years, 799.0M USD went back to shareholders, 100% of it through share repurchases. That is 11% of the free cash flow of those years.

Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USD
  1. Fiscal year 2016: Dividends paid not available · Share repurchases 2.6B USD · New shares issued (including employee plans) not available · Free cash flow 2.3B USD
  2. Fiscal year 2017: Dividends paid not available · Share repurchases 1.8B USD · New shares issued (including employee plans) not available · Free cash flow −524.0M USD
  3. Fiscal year 2018: Dividends paid not available · Share repurchases 1.2B USD · New shares issued (including employee plans) not available · Free cash flow 2.0B USD
  4. Fiscal year 2019: Dividends paid not available · Share repurchases 1.6B USD · New shares issued (including employee plans) not available · Free cash flow 2.4B USD
  5. Fiscal year 2020: Dividends paid not available · Share repurchases 353.0M USD · New shares issued (including employee plans) 2.1B USD · Free cash flow −5.9B USD
  6. Fiscal year 2021: Dividends paid not available · Share repurchases 0.0 USD · New shares issued (including employee plans) not available · Free cash flow −40.0M USD
  7. Fiscal year 2022: Dividends paid not available · Share repurchases 0.0 USD · New shares issued (including employee plans) not available · Free cash flow 1.2B USD
  8. Fiscal year 2023: Dividends paid not available · Share repurchases 0.0 USD · New shares issued (including employee plans) not available · Free cash flow −260.0M USD
  9. Fiscal year 2024: Dividends paid not available · Share repurchases 162.0M USD · New shares issued (including employee plans) not available · Free cash flow 3.8B USD
  10. Fiscal year 2025: Dividends paid not available · Share repurchases 637.0M USD · New shares issued (including employee plans) not available · Free cash flow 2.6B USD

Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.

Valuation over time

Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.

Sector comparison

United Airlines Holdings next to 8 stocks of the sector Industrials we cover that are closest in revenue. Click a column header to sort the table.

Sector comparison UAL, sector Industrials; last row: sector median
Symbol Revenue (FY) Growth 5 yrsGross marginOp. marginNet marginROEEquity ratioFCF marginPiotroski
UPS United Parcel Service 88.7B USD +0.9%–8.9%6.3%34.3%22.2%5.4%–
RTX RTX Corporation 88.6B USD +9.4%–10.5%7.6%10.3%38.1%9.0%–
LMT Lockheed Martin 75.0B USD +2.8%10.2%10.3%6.7%74.6%11.2%9.2%6/9
CAT Caterpillar Inc. 67.6B USD +10.1%33.8%16.5%13.1%41.7%21.6%13.2%7/9
UAL United Airlines Holdings this stock 59.1B USD +30.9%–8.0%5.7%21.9%20.0%4.3%–
GD General Dynamics 52.6B USD +6.7%–10.2%8.0%16.4%44.8%7.5%–
UBER Uber 52.0B USD +36.1%39.8%10.7%19.3%37.2%43.8%18.8%6/9
GE GE Aerospace 45.9B USD −10.4%––19.0%46.6%14.3%15.8%–
DE Deere & Company 45.7B USD +5.2%––11.0%19.4%24.5%––
Median of the sector 34 symbols 24.1B USD +9.2%35.4%10.4%12.9%26.3%33.2%9.7%6/9

Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).

Banks and insurers: gross margin (only if reported), free cash flow margin and Piotroski are not meaningful there (“–”).

Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.

Key figures with traffic lights

Each light follows a simple, disclosed rule. The comparison is with the sector median of all 90 symbols in the Industrials sector on our list (current members of the S&P 500 and other lists).

Revenue growth

Light green: above sector

+30.9% per year, last 5 years

Sector Industrials: median +8.0% (82 symbols)

What does this mean? Revenue: over 5 years it grew by 30.9% per year on average – at least as fast as the median company in the sector (+8.0%).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net income (total)

Light gray: not computable

– per year, last 5 years

Sector Industrials: median +10.0% (66 symbols)

per share: not computable (loss in the first or last year)

What does this mean? There was a loss in the first or last year. An annual growth rate cannot be calculated meaningfully then.

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net margin

Light yellow: below sector

5.7% last fiscal year

Sector Industrials: median 11.1% (88 symbols)

What does this mean? Of every 100 USD in revenue, 5.68 USD remained as profit – less than the median company in the sector (11.1%). Five years ago the margin was −46.0%.

Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.

Debt / equity

Light red: much higher

1.38 latest balance sheet

Sector Industrials: median 0.58 (77 symbols)

What does this mean? For every 1 USD of equity there is 1.38 USD of financial debt – more than twice as much as the median company in the sector (0.58). More debt amplifies good and bad years alike.

Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.

Payout ratio

Light gray: none found

– Dividend / earnings per share

Sector Industrials: median 35% (65 symbols)

What does this mean? The loaded SEC filings of the last two fiscal years contain no dividend per share. Either the company pays none, or it reports it under a different tag.

Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.

Profitable years

Light red: 2 loss years

8 of 10 fiscal years with a profit

What does this mean? In 8 of the last 10 fiscal years the bottom line showed a profit. 2 years ended with a loss.

Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).

Last fiscal year and 13F

Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
59.1B USD
Revenue vs. prior year
+3.5%
Net income (FY)
3.4B USD
Net income vs. prior year
+6.5%
EPS (FY)
10.20 USD
13F funds with a position
3 of 9
Funds vs. prior quarter
±0
Shares held vs. prior quarter
+31.6%
Fiscal year to Dec 31, 2025 · 10-K filed Feb 12, 2026 · Balance sheet Sep 30, 2026 (filed Oct 21, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term). 13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2025Dec 31, 2025 59.1B3.4B 5.7% 10.20 – –
2024Dec 31, 2024 57.1B3.1B 5.5% 9.45 – –
2023Dec 31, 2023 53.7B2.6B 4.9% 7.89 – –
2022Dec 31, 2022 45.0B737.0M 1.6% 2.23 – –
2021Dec 31, 2021 24.6B−2.0B −8.0% −6.10 – –
2020Dec 31, 2020 15.4B−7.1B −46.0% −25.30 – –
2019Dec 31, 2019 43.3B3.0B 7.0% 11.58 – –
2018Dec 31, 2018 41.3B2.1B 5.2% 7.70 – –
2017Dec 31, 2017 37.7B2.1B 5.6% 7.02 – –
2016Dec 31, 2016 36.6B2.3B 6.2% 6.85 – –
Quarters (amounts in USD, per share in USD)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q3/26Sep 30, 2026 17.9B1.0B 5.8% 3.14 – –
Q2/26Jun 30, 2026 17.7B805.0M 4.6% 2.46 – –
Q1/26Mar 31, 2026 14.6B699.0M 4.8% 2.14 – –
Q4/25*Dec 31, 2025 15.4B1.0B 6.8% – – –
Q3/25Sep 30, 2025 15.2B949.0M 6.2% 2.90 – –
Q2/25Jun 30, 2025 15.2B973.0M 6.4% 2.97 – –
Q1/25Mar 31, 2025 13.2B387.0M 2.9% 1.16 – –
Q4/24*Dec 31, 2024 14.7B985.0M 6.7% – – –
Q3/24Sep 30, 2024 14.8B965.0M 6.5% 2.90 – –
Q2/24Jun 30, 2024 15.0B1.3B 8.8% 3.96 – –
Q1/24Mar 31, 2024 12.5B−124.0M −1.0% −0.38 – –
Q4/23*Dec 31, 2023 13.6B600.0M 4.4% – – –

* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.

How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $00 people $6.4M3 people −$6.4M
6 months $00 people $38.4M6 people −$38.4M
12 months $00 people $53.4M6 people −$53.4M

Latest transactions

  • Aug 25, 2026 Nocella Andrew P Officer Open-market sale 5,000 shares · $585.0K · SEC
  • Aug 4, 2026 Nocella Andrew P Officer Open-market sale 3,000 shares · $396.9K · SEC
  • Aug 3, 2026 Leskinen Michael D. Chief financial officer (CFO) Open-market sale · 10b5-1 plan 10,000 shares · $1.3M · SEC
  • Jul 28, 2026 Nocella Andrew P Officer Open-market sale 4,200 shares · $506.0K · SEC
  • Jul 28, 2026 Hart Brett J Officer Open-market sale 30,108 shares · $3.6M · SEC
  • Jul 24, 2026 Enqvist Torbjorn J Officer Open-market sale 20,000 shares · $2.4M · SEC

Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.

Trend score -35

Price vs. EMA 50-15
Price vs. EMA 200-15
EMA 50 vs. EMA 200+20
ADX (trend strength)+0
Highs and lows-10
Relative strength-15

Volatility and trend strength

ADX 14 (trend strength)19.3
Rel. strength 60 d−19.3%

ATR and moving averages as price values only when logged in.

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