{ "ticker": "UAL", "name": "United Airlines Holdings, Inc.", "legal_name": "United Airlines Holdings, Inc.", "cik": "0000100517", "exchange": "Nasdaq", "sic": "4512", "industry": "Air Transportation, Scheduled", "state": "DE", "fiscal_year_end": "1231", "is_financial": false, "is_utility": false, "snapshot_date": "2026-10-26", "price": { "value": 97.93, "as_of": "2026-10-23", "source": "Alpaca Market Data (consolidated SIP daily bar)", "url": "https://docs.alpaca.markets/docs/historical-stock-data-1" }, "market_cap": { "value": 31816906143.750004, "as_of": "2026-10-23", "unit": "USD", "meaning": "price on the price date x latest reported point-in-time shares (see inputs.share_count_as_of)", "warning": null, "unavailable_reason": null, "inputs": { "traded_price": { "value": 97.93, "as_of": "2026-10-23", "unit": "USD per traded unit (share or ADS)", "source": "Alpaca Market Data (consolidated SIP daily bar)", "url": "https://docs.alpaca.markets/docs/historical-stock-data-1" }, "sec_shares_outstanding": { "value": 324894375.0, "unit": "underlying shares", "concept": "SEC cover page 10-Q 0000100517-26-000186 (324,894,375 shares (single class on cover) (other registrants on a combined cover excluded: United Airlines, Inc. 1,000)); filing document https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/ual-20260930.htm", "period_end": "2026-10-15", "accession": "0000100517-26-000186", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/R1.htm" }, "depositary_ratio": { "value": 1.0, "unit": "underlying shares per traded unit", "status": "domestic", "source": "10-K filer; SEC shares are the traded units", "evidence_url": null, "evidence_form": null, "evidence_filed": null, "body_snippet": null }, "formula": "market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used", "split_adjustment": null, "share_count_as_of": "2026-10-15", "share_count_age_days_at_price_date": 8, "warning": null, "computed": "97.93 (price 2026-10-23) / 1 x 324,894,375 (shares at 2026-10-15) = 31,816,906,144" } }, "share_basis": { "ratio": 1.0, "status": "domestic", "source": "10-K filer; SEC shares are the traded units", "evidence": null, "meaning": "SEC share counts and per-share figures are per underlying share; ratio = underlying shares per traded unit (1 for domestic common stock; N for an ADS representing N shares)." }, "scores": { "graham": { "score": 42.8, "status": "ok", "complete": true, "missing_tests": [], "passes_all": false, "data_as_of": "2025-12-31", "data_as_of_meaning": "oldest current-period input the score depends on", "stale_inputs": [ "Revenue" ], "history_from": "2014", "history_through": "2025", "price_as_of": "2026-10-23", "price_stale": false, "verification": { "verified": 0, "mismatch": 0, "unverified": 22, "not_cross_checked": 2 }, "coverage": null, "computed_on": "2026-10-26", "rules_url": "https://theclaudetrader.com/p/graham", "components": [ { "test": "1", "name": "Adequate size", "value": 59.07, "unit": "revenue $B", "threshold": ">= 1", "points": 5.0, "max": 5 }, { "test": "2a", "name": "Current ratio", "value": 0.75, "threshold": ">= 2.0", "points": 0.0, "max": 15 }, { "test": "2b", "name": "Long-term debt vs working capital", "value": null, "unit": "LTD / WC", "threshold": "<= 1.0", "points": 0.0, "max": 15, "note": "working capital not positive" }, { "test": "3", "name": "Positive earnings each of 10 years", "value": "8 of 10", "threshold": "10 of 10", "points": 12.0, "max": 15 }, { "test": "4", "name": "Dividends every year for 20 years", "value": "1 of 20", "threshold": "20 of 20", "points": 0.75, "max": 15, "missing_years": [ 2006, 2007, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025 ], "cross_check": { "verified_years": [], "mismatch_years": [], "unverified_years": [ 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025 ] }, "note": null }, { "test": "5", "name": "EPS growth, 3-yr avg now vs 10 yrs ago", "value": "9.72 -> 9.18 (-6%)", "threshold": ">= +33%", "points": 0.0, "max": 10 }, { "test": "6", "name": "P/E on 3-year average EPS", "value": 10.7, "threshold": "<= 15", "points": 15.0, "max": 15, "note": null }, { "test": "7", "name": "P/B <= 1.5, or P/E x P/B <= 22.5", "value": "P/B 1.79, product 19.1", "threshold": "<= 1.5 or <= 22.5", "points": 10.0, "max": 10 } ], "inputs": [ { "name": "Price (close, per traded unit)", "value": 97.93, "kind": "price", "source": "Alpaca Market Data (consolidated SIP daily bar)", "url": "https://docs.alpaca.markets/docs/historical-stock-data-1", "period": "2026-10-23", "age_days": 3, "stale": false }, { "name": "Revenue", "value": 59070000000.0, "kind": "current", "source": "SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2025-12-31", "accession": "0000100517-26-000023", "fact_id": 24290317, "verified": "unverified", "age_days": 299, "stale": true }, { "name": "current_assets", "value": 19988000000.0, "kind": "current", "source": "SEC XBRL AssetsCurrent", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/", "period": "2026-09-30", "accession": "0000100517-26-000186", "fact_id": 24339592, "verified": "unverified", "age_days": 26, "stale": false }, { "name": "current_liabilities", "value": 26639000000.0, "kind": "current", "source": "SEC XBRL LiabilitiesCurrent", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/", "period": "2026-09-30", "accession": "0000100517-26-000186", "fact_id": 24366503, "verified": "unverified", "age_days": 26, "stale": false }, { "name": "lt_debt", "value": 24550000000.0, "kind": "current", "source": "SEC XBRL LongTermDebtAndCapitalLeaseObligations", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/", "period": "2026-09-30", "accession": "0000100517-26-000186", "fact_id": 24417437, "verified": "unverified", "age_days": 26, "stale": false }, { "name": "equity", "value": 17754000000.0, "kind": "current", "source": "SEC XBRL StockholdersEquity", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/", "period": "2026-09-30", "accession": "0000100517-26-000186", "fact_id": 24499150, "verified": "unverified", "age_days": 26, "stale": false }, { "name": "Net income FY2016", "value": 2234000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051719000009/", "period": "2016-12-31", "accession": "0000100517-19-000009", "fact_id": 20686402, "verified": "unverified", "age_days": 3586 }, { "name": "Net income FY2017", "value": 2143000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051720000010/", "period": "2017-12-31", "accession": "0000100517-20-000010", "fact_id": 20693162, "verified": "unverified", "age_days": 3221 }, { "name": "Net income FY2018", "value": 2122000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051721000016/", "period": "2018-12-31", "accession": "0000100517-21-000016", "fact_id": 20699715, "verified": "unverified", "age_days": 2856 }, { "name": "Net income FY2019", "value": 3009000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051722000009/", "period": "2019-12-31", "accession": "0000100517-22-000009", "fact_id": 20706144, "verified": "unverified", "age_days": 2491 }, { "name": "Net income FY2020", "value": -7069000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051723000048/", "period": "2020-12-31", "accession": "0000100517-23-000048", "fact_id": 20712641, "verified": "unverified", "age_days": 2125 }, { "name": "Net income FY2021", "value": -1964000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-040467)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051724000027/", "period": "2021-12-31", "accession": "0000100517-24-000027", "fact_id": 20719325, "verified": "unverified", "age_days": 1760 }, { "name": "Net income FY2022", "value": 737000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-040467)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051725000046/", "period": "2022-12-31", "accession": "0000100517-25-000046", "fact_id": 20726496, "verified": "unverified", "age_days": 1395 }, { "name": "Net income FY2023", "value": 2618000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-040467)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2023-12-31", "accession": "0000100517-26-000023", "fact_id": 20733541, "verified": "unverified", "age_days": 1030 }, { "name": "Net income FY2024", "value": 3149000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-040467)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2024-12-31", "accession": "0000100517-26-000023", "fact_id": 20740149, "verified": "unverified", "age_days": 664 }, { "name": "Net income FY2025", "value": 3353000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-040467)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2025-12-31", "accession": "0000100517-26-000023", "fact_id": 24292837, "verified": "unverified", "age_days": 299 }, { "name": "Dividend years (Yahoo)", "value": [ 2008 ], "kind": "history", "source": "Yahoo Finance dividend history", "url": "https://finance.yahoo.com/quote/UAL/history?filter=div", "period": null, "verified": "unverified", "note": "XBRL dividends-per-share facts cover 0 of the 20 years" }, { "name": "EPS diluted FY2014", "value": 2.93, "kind": "history", "source": "SEC XBRL EarningsPerShareDiluted", "url": "https://www.sec.gov/Archives/edgar/data/100517/000119312517054129/", "period": "2014-12-31", "accession": "0001193125-17-054129", "fact_id": 20757320, "verified": "unverified", "age_days": 4317 }, { "name": "EPS diluted FY2015", "value": 19.47, "kind": "history", "source": "SEC XBRL EarningsPerShareDiluted", "url": "https://www.sec.gov/Archives/edgar/data/100517/000119312518054235/", "period": "2015-12-31", "accession": "0001193125-18-054235", "fact_id": 20761744, "verified": "unverified", "age_days": 3952 }, { "name": "EPS diluted FY2016", "value": 6.76, "kind": "history", "source": "SEC XBRL EarningsPerShareDiluted", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051719000009/", "period": "2016-12-31", "accession": "0000100517-19-000009", "fact_id": 20765923, "verified": "unverified", "age_days": 3586 }, { "name": "EPS diluted FY2023", "value": 7.89, "kind": "history", "source": "SEC XBRL EarningsPerShareDiluted", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2023-12-31", "accession": "0000100517-26-000023", "fact_id": 20798435, "verified": "unverified", "age_days": 1030 }, { "name": "EPS diluted FY2024", "value": 9.45, "kind": "history", "source": "SEC XBRL EarningsPerShareDiluted", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2024-12-31", "accession": "0000100517-26-000023", "fact_id": 20804349, "verified": "unverified", "age_days": 664 }, { "name": "EPS diluted FY2025", "value": 10.2, "kind": "history", "source": "SEC XBRL EarningsPerShareDiluted", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2025-12-31", "accession": "0000100517-26-000023", "fact_id": 24298974, "verified": "unverified", "age_days": 299 }, { "name": "Shares outstanding", "value": 324894375.0, "kind": "current", "source": "SEC cover page 10-Q 0000100517-26-000186 (324,894,375 shares (single class on cover) (other registrants on a combined cover excluded: United Airlines, Inc. 1,000)); filing document https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/ual-20260930.htm", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/R1.htm", "period": "2026-10-15", "accession": "0000100517-26-000186", "fact_id": 24599776, "age_days": 11, "stale": false } ] }, "magic_formula": { "score": 49.5, "status": "ok", "complete": true, "missing_tests": [], "passes_all": null, "data_as_of": "2026-03-31", "data_as_of_meaning": "oldest current-period input the score depends on", "stale_inputs": [ "operating_income_q" ], "history_from": null, "history_through": null, "price_as_of": "2026-10-23", "price_stale": null, "verification": null, "coverage": null, "computed_on": "2026-10-26", "rules_url": "https://theclaudetrader.com/p/magic_formula", "components": [ { "name": "Earnings yield (EBIT/EV)", "value": 9.96, "unit": "%", "rank": 12, "note": "EBIT trailing twelve months; EV = market cap + debt (24,294,000,000) - cash" }, { "name": "Return on capital (EBIT/(NWC+PPE))", "value": 11.53, "unit": "%", "rank": 174, "note": "net working capital -6,651,000,000 used as reported" }, { "name": "Combined rank", "value": 186, "of": 199 } ], "inputs": [ { "name": "operating_income", "value": 4713000000.0, "kind": "history", "source": "SEC XBRL OperatingIncomeLoss", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2025-12-31", "accession": "0000100517-26-000023", "fact_id": 24304391, "age_days": 299 }, { "name": "operating_income_q", "value": 997000000.0, "kind": "current", "source": "SEC XBRL OperatingIncomeLoss (quarter CY2026Q1)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000091/", "period": "2026-03-31", "accession": "0000100517-26-000091", "fact_id": 23917958, "age_days": 209, "stale": true }, { "name": "operating_income_q", "value": 607000000.0, "kind": "history", "source": "SEC XBRL OperatingIncomeLoss (quarter CY2025Q1)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000091/", "period": "2025-03-31", "accession": "0000100517-26-000091", "fact_id": 23931187, "age_days": 574 }, { "name": "operating_income_q", "value": 1096000000.0, "kind": "current", "source": "SEC XBRL OperatingIncomeLoss (quarter CY2026Q2)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000139/", "period": "2026-06-30", "accession": "0000100517-26-000139", "fact_id": 23913975, "age_days": 118, "stale": false }, { "name": "operating_income_q", "value": 1325000000.0, "kind": "history", "source": "SEC XBRL OperatingIncomeLoss (quarter CY2025Q2)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000139/", "period": "2025-06-30", "accession": "0000100517-26-000139", "fact_id": 23926900, "age_days": 483 }, { "name": "operating_income_q", "value": 1446000000.0, "kind": "current", "source": "SEC XBRL OperatingIncomeLoss (quarter CY2026Q3)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/", "period": "2026-09-30", "accession": "0000100517-26-000186", "fact_id": 23913533, "age_days": 26, "stale": false }, { "name": "operating_income_q", "value": 1395000000.0, "kind": "history", "source": "SEC XBRL OperatingIncomeLoss (quarter CY2025Q3)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/", "period": "2025-09-30", "accession": "0000100517-26-000186", "fact_id": 23922832, "age_days": 391 }, { "name": "current_assets", "value": 19988000000.0, "kind": "current", "source": "SEC XBRL AssetsCurrent", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/", "period": "2026-09-30", "accession": "0000100517-26-000186", "fact_id": 24339592, "age_days": 26, "stale": false }, { "name": "current_liabilities", "value": 26639000000.0, "kind": "current", "source": "SEC XBRL LiabilitiesCurrent", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/", "period": "2026-09-30", "accession": "0000100517-26-000186", "fact_id": 24366503, "age_days": 26, "stale": false }, { "name": "cash", "value": 6648000000.0, "kind": "current", "source": "SEC XBRL CashAndCashEquivalentsAtCarryingValue", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/", "period": "2026-09-30", "accession": "0000100517-26-000186", "fact_id": 24532980, "age_days": 26, "stale": false }, { "name": "ppe_net", "value": 49368000000.0, "kind": "current", "source": "SEC XBRL PropertyPlantAndEquipmentNet", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/", "period": "2026-09-30", "accession": "0000100517-26-000186", "fact_id": 24559419, "age_days": 26, "stale": false }, { "name": "debt_incl_current", "value": 24294000000.0, "kind": "current", "source": "SEC XBRL LongTermDebtAndCapitalLeaseObligations", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000139/", "period": "2026-06-30", "accession": "0000100517-26-000139", "fact_id": 3840257, "age_days": 118, "stale": false }, { "name": "shares_out", "value": 324894375.0, "kind": "current", "source": "SEC cover page 10-Q 0000100517-26-000186 (324,894,375 shares (single class on cover) (other registrants on a combined cover excluded: United Airlines, Inc. 1,000)); filing document https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/ual-20260930.htm", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/R1.htm", "period": "2026-10-15", "accession": "0000100517-26-000186", "fact_id": 24599776, "age_days": 11, "stale": false }, { "name": "Price (close)", "value": 97.93, "kind": "price", "source": "Yahoo Finance / Alpaca Market Data", "url": null, "period": "2026-10-23", "age_days": 3, "stale": false }, { "name": "note", "value": "debt = LongTermDebt (incl. current maturities)" } ] }, "momentum": { "score": 56.8, "status": "ok", "complete": true, "missing_tests": [], "passes_all": null, "data_as_of": "2026-10-23", "data_as_of_meaning": "oldest current-period input the score depends on", "stale_inputs": [], "history_from": null, "history_through": null, "price_as_of": "2026-10-23", "price_stale": null, "verification": null, "coverage": null, "computed_on": "2026-10-26", "rules_url": "https://theclaudetrader.com/p/momentum", "components": [ { "name": "12-1 month return", "value": 15.7, "unit": "%", "percentile": 61.9, "points": 30.9, "max": 50 }, { "name": "6 month return", "value": 7.3, "unit": "%", "percentile": 58.3, "points": 11.7, "max": 20 }, { "name": "Price / 52-week high", "value": 0.719, "points": 10.8, "max": 15 }, { "name": "Volatility penalty (60d annualised)", "value": 39.4, "unit": "%", "points": 3.4, "max": 15 } ], "inputs": [ { "name": "Adjusted close series (14 months)", "value": 97.93, "kind": "price", "source": "Yahoo Finance / Alpaca Market Data daily history", "url": null, "period": "2026-10-23", "age_days": 3, "stale": false } ] }, "insider": { "score": 0.0, "status": "ok", "complete": true, "missing_tests": [], "passes_all": null, "data_as_of": "2026-10-23", "data_as_of_meaning": "oldest current-period input the score depends on", "stale_inputs": [], "history_from": null, "history_through": null, "price_as_of": null, "price_stale": null, "verification": null, "coverage": { "window_start": "2026-07-28", "through": "2026-10-23", "missing_days": 3, "note": "Form 4 data loaded through 2026-10-23" }, "computed_on": "2026-10-26", "rules_url": "https://theclaudetrader.com/p/insider", "components": [ { "name": "Open-market buy value / market cap (percentile among buyers)", "value": 0.0, "unit": "bp", "points": 0.0, "max": 35 }, { "name": "Distinct buyers", "value": 0, "points": 0.0, "max": 25 }, { "name": "Buyer seniority", "value": 0.0, "points": 0.0, "max": 20 }, { "name": "Recency (half-life 30d)", "value": 0.0, "points": 0.0, "max": 10 }, { "name": "Sales penalty (excludes 10b5-1 plan sales)", "value": 1.61, "unit": "bp", "points": -7.8, "max": 0 } ], "inputs": [ { "name": "Form 4 S Nocella Andrew P 2026-08-25", "value": 585000.0, "shares": 5000.0, "price": 117.0, "role": "officer", "period": "2026-08-25", "source": "SEC Form 4 (insider transactions data set)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000168/" }, { "name": "Form 4 S Nocella Andrew P 2026-08-04", "value": 396900.00000000006, "shares": 3000.0, "price": 132.3, "role": "officer", "period": "2026-08-04", "source": "SEC Form 4 (insider transactions data set)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000163/" }, { "name": "Form 4 S Hart Brett J 2026-07-28", "value": 3634637.76, "shares": 30108.0, "price": 120.72, "role": "Pres", "period": "2026-07-28", "source": "SEC Form 4 (insider transactions data set)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000157/" }, { "name": "Form 4 S Nocella Andrew P 2026-07-28", "value": 506016.0, "shares": 4200.0, "price": 120.48, "role": "officer", "period": "2026-07-28", "source": "SEC Form 4 (insider transactions data set)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000159/" }, { "name": "excluded 2026-08-03 S", "value": "10b5-1 plan", "source": "rule" } ] }, "buffett": { "score": 38.4, "status": "ok", "complete": true, "missing_tests": [], "passes_all": false, "data_as_of": "2026-06-30", "data_as_of_meaning": "oldest current-period input the score depends on", "stale_inputs": [], "history_from": "2016", "history_through": "2025", "price_as_of": "2026-10-23", "price_stale": false, "verification": { "verified": 0, "mismatch": 0, "unverified": 47, "not_cross_checked": 2 }, "coverage": null, "computed_on": "2026-10-26", "rules_url": "https://theclaudetrader.com/p/buffett", "components": [ { "test": "1", "name": "Average return on equity (net income / year-end equity)", "value": "-3.1% over 8 yrs", "threshold": ">= 15%", "points": 0.0, "max": 25 }, { "test": "2", "name": "Profitable every year", "value": "8 of 10", "threshold": "all years", "points": 12.0, "max": 15 }, { "test": "3", "name": "Net income growth, 3-yr average now vs start of window", "value": "+5.0% a year", "threshold": ">= +10%", "points": 5.0, "max": 10 }, { "test": "4", "name": "Borrowings / 3-yr average earnings (years to repay)", "value": 8.0, "threshold": "<= 4", "points": 0.0, "max": 15, "unit": "years", "note": "LongTermDebt (incl. current maturities)" }, { "test": "5", "name": "Operating margin, 5-yr average", "value": "5.2%", "threshold": ">= 20%", "points": 0.0, "max": 10 }, { "test": "6", "name": "Free cash flow / net income, 5-yr (operating cash flow minus capex)", "value": "0.93", "threshold": ">= 1.0", "points": 8.6, "max": 10 }, { "test": "7", "name": "Owner-earnings yield (3-yr avg free cash flow / market cap)", "value": "6.4%", "threshold": ">= 7%", "points": 12.8, "max": 15 } ], "inputs": [ { "name": "Price (close, per traded unit)", "value": 97.93, "kind": "price", "source": "Alpaca Market Data (consolidated SIP daily bar)", "url": "https://docs.alpaca.markets/docs/historical-stock-data-1", "period": "2026-10-23", "age_days": 3, "stale": false }, { "name": "Net income FY2018", "value": 2122000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051721000016/", "period": "2018-12-31", "accession": "0000100517-21-000016", "fact_id": 20699715, "verified": "unverified", "age_days": 2856 }, { "name": "Equity at FY2018 end", "value": 10042000000.0, "kind": "history", "source": "SEC XBRL StockholdersEquity", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051722000009/", "period": "2018-12-31", "accession": "0000100517-22-000009", "fact_id": 22760789, "verified": "unverified", "age_days": 2856 }, { "name": "Net income FY2019", "value": 3009000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051722000009/", "period": "2019-12-31", "accession": "0000100517-22-000009", "fact_id": 20706144, "verified": "unverified", "age_days": 2491 }, { "name": "Equity at FY2019 end", "value": 11531000000.0, "kind": "history", "source": "SEC XBRL StockholdersEquity", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051723000048/", "period": "2019-12-31", "accession": "0000100517-23-000048", "fact_id": 22785872, "verified": "unverified", "age_days": 2491 }, { "name": "Net income FY2020", "value": -7069000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051723000048/", "period": "2020-12-31", "accession": "0000100517-23-000048", "fact_id": 20712641, "verified": "unverified", "age_days": 2125 }, { "name": "Equity at FY2020 end", "value": 5960000000.0, "kind": "history", "source": "SEC XBRL StockholdersEquity", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051724000027/", "period": "2020-12-31", "accession": "0000100517-24-000027", "fact_id": 22810632, "verified": "unverified", "age_days": 2125 }, { "name": "Net income FY2021", "value": -1964000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-040467)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051724000027/", "period": "2021-12-31", "accession": "0000100517-24-000027", "fact_id": 20719325, "verified": "unverified", "age_days": 1760 }, { "name": "Equity at FY2021 end", "value": 5029000000.0, "kind": "history", "source": "SEC XBRL StockholdersEquity", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051725000046/", "period": "2021-12-31", "accession": "0000100517-25-000046", "fact_id": 22836641, "verified": "unverified", "age_days": 1760 }, { "name": "Net income FY2022", "value": 737000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-040467)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051725000046/", "period": "2022-12-31", "accession": "0000100517-25-000046", "fact_id": 20726496, "verified": "unverified", "age_days": 1395 }, { "name": "Equity at FY2022 end", "value": 6896000000.0, "kind": "history", "source": "SEC XBRL StockholdersEquity", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2022-12-31", "accession": "0000100517-26-000023", "fact_id": 22864854, "verified": "unverified", "age_days": 1395 }, { "name": "Net income FY2023", "value": 2618000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-040467)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2023-12-31", "accession": "0000100517-26-000023", "fact_id": 20733541, "verified": "unverified", "age_days": 1030 }, { "name": "Equity at FY2023 end", "value": 9324000000.0, "kind": "history", "source": "SEC XBRL StockholdersEquity", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2023-12-31", "accession": "0000100517-26-000023", "fact_id": 22892587, "verified": "unverified", "age_days": 1030 }, { "name": "Net income FY2024", "value": 3149000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-040467)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2024-12-31", "accession": "0000100517-26-000023", "fact_id": 20740149, "verified": "unverified", "age_days": 664 }, { "name": "Equity at FY2024 end", "value": 12675000000.0, "kind": "history", "source": "SEC XBRL StockholdersEquity", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/", "period": "2024-12-31", "accession": "0000100517-26-000186", "fact_id": 22918271, "verified": "unverified", "age_days": 664 }, { "name": "Net income FY2025", "value": 3353000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-040467)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2025-12-31", "accession": "0000100517-26-000023", "fact_id": 24292837, "verified": "unverified", "age_days": 299 }, { "name": "Equity at FY2025 end", "value": 15282000000.0, "kind": "history", "source": "SEC XBRL StockholdersEquity", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/", "period": "2025-12-31", "accession": "0000100517-26-000186", "fact_id": 24476065, "verified": "unverified", "age_days": 299 }, { "name": "Net income FY2016", "value": 2234000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051719000009/", "period": "2016-12-31", "accession": "0000100517-19-000009", "fact_id": 20686402, "verified": "unverified", "age_days": 3586 }, { "name": "Net income FY2017", "value": 2143000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051720000010/", "period": "2017-12-31", "accession": "0000100517-20-000010", "fact_id": 20693162, "verified": "unverified", "age_days": 3221 }, { "name": "Net income FY2018", "value": 2122000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051721000016/", "period": "2018-12-31", "accession": "0000100517-21-000016", "fact_id": 20699715, "verified": "unverified", "age_days": 2856 }, { "name": "Net income FY2019", "value": 3009000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051722000009/", "period": "2019-12-31", "accession": "0000100517-22-000009", "fact_id": 20706144, "verified": "unverified", "age_days": 2491 }, { "name": "Net income FY2020", "value": -7069000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051723000048/", "period": "2020-12-31", "accession": "0000100517-23-000048", "fact_id": 20712641, "verified": "unverified", "age_days": 2125 }, { "name": "Net income FY2021", "value": -1964000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-040467)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051724000027/", "period": "2021-12-31", "accession": "0000100517-24-000027", "fact_id": 20719325, "verified": "unverified", "age_days": 1760 }, { "name": "Net income FY2022", "value": 737000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-040467)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051725000046/", "period": "2022-12-31", "accession": "0000100517-25-000046", "fact_id": 20726496, "verified": "unverified", "age_days": 1395 }, { "name": "Net income FY2023", "value": 2618000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-040467)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2023-12-31", "accession": "0000100517-26-000023", "fact_id": 20733541, "verified": "unverified", "age_days": 1030 }, { "name": "Net income FY2024", "value": 3149000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-040467)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2024-12-31", "accession": "0000100517-26-000023", "fact_id": 20740149, "verified": "unverified", "age_days": 664 }, { "name": "Net income FY2025", "value": 3353000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-040467)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2025-12-31", "accession": "0000100517-26-000023", "fact_id": 24292837, "verified": "unverified", "age_days": 299 }, { "name": "debt_incl_current", "value": 24294000000.0, "kind": "current", "source": "SEC XBRL LongTermDebtAndCapitalLeaseObligations", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000139/", "period": "2026-06-30", "accession": "0000100517-26-000139", "fact_id": 3840257, "verified": "unverified", "age_days": 118, "stale": false }, { "name": "Operating income FY2021", "value": -1022000000.0, "kind": "history", "source": "SEC XBRL OperatingIncomeLoss", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051724000027/", "period": "2021-12-31", "accession": "0000100517-24-000027", "fact_id": 20859339, "verified": "unverified", "age_days": 1760 }, { "name": "Revenue FY2021", "value": 24634000000.0, "kind": "history", "source": "SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051724000027/", "period": "2021-12-31", "accession": "0000100517-24-000027", "fact_id": 20641741, "verified": "unverified", "age_days": 1760 }, { "name": "Operating income FY2022", "value": 2337000000.0, "kind": "history", "source": "SEC XBRL OperatingIncomeLoss", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051725000046/", "period": "2022-12-31", "accession": "0000100517-25-000046", "fact_id": 20865177, "verified": "unverified", "age_days": 1395 }, { "name": "Revenue FY2022", "value": 44955000000.0, "kind": "history", "source": "SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051725000046/", "period": "2022-12-31", "accession": "0000100517-25-000046", "fact_id": 20646953, "verified": "unverified", "age_days": 1395 }, { "name": "Operating income FY2023", "value": 4211000000.0, "kind": "history", "source": "SEC XBRL OperatingIncomeLoss", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2023-12-31", "accession": "0000100517-26-000023", "fact_id": 20870911, "verified": "unverified", "age_days": 1030 }, { "name": "Revenue FY2023", "value": 53717000000.0, "kind": "history", "source": "SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2023-12-31", "accession": "0000100517-26-000023", "fact_id": 20652055, "verified": "unverified", "age_days": 1030 }, { "name": "Operating income FY2024", "value": 5096000000.0, "kind": "history", "source": "SEC XBRL OperatingIncomeLoss", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2024-12-31", "accession": "0000100517-26-000023", "fact_id": 20876248, "verified": "unverified", "age_days": 664 }, { "name": "Revenue FY2024", "value": 57063000000.0, "kind": "history", "source": "SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2024-12-31", "accession": "0000100517-26-000023", "fact_id": 20656908, "verified": "unverified", "age_days": 664 }, { "name": "Operating income FY2025", "value": 4713000000.0, "kind": "history", "source": "SEC XBRL OperatingIncomeLoss", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2025-12-31", "accession": "0000100517-26-000023", "fact_id": 24304391, "verified": "unverified", "age_days": 299 }, { "name": "Revenue FY2025", "value": 59070000000.0, "kind": "history", "source": "SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2025-12-31", "accession": "0000100517-26-000023", "fact_id": 24290317, "verified": "unverified", "age_days": 299 }, { "name": "Operating cash flow FY2021", "value": 2067000000.0, "kind": "history", "source": "SEC XBRL NetCashProvidedByUsedInOperatingActivities", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051724000027/", "period": "2021-12-31", "accession": "0000100517-24-000027", "fact_id": 20956097, "verified": "unverified", "age_days": 1760 }, { "name": "Capital expenditure FY2021", "value": 2107000000.0, "kind": "history", "source": "SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051724000027/", "period": "2021-12-31", "accession": "0000100517-24-000027", "fact_id": 20275950, "verified": "unverified", "age_days": 1760 }, { "name": "Operating cash flow FY2022", "value": 6066000000.0, "kind": "history", "source": "SEC XBRL NetCashProvidedByUsedInOperatingActivities", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051725000046/", "period": "2022-12-31", "accession": "0000100517-25-000046", "fact_id": 20963143, "verified": "unverified", "age_days": 1395 }, { "name": "Capital expenditure FY2022", "value": 4819000000.0, "kind": "history", "source": "SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051725000046/", "period": "2022-12-31", "accession": "0000100517-25-000046", "fact_id": 20275951, "verified": "unverified", "age_days": 1395 }, { "name": "Operating cash flow FY2023", "value": 6911000000.0, "kind": "history", "source": "SEC XBRL NetCashProvidedByUsedInOperatingActivities", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2023-12-31", "accession": "0000100517-26-000023", "fact_id": 20970090, "verified": "unverified", "age_days": 1030 }, { "name": "Capital expenditure FY2023", "value": 7171000000.0, "kind": "history", "source": "SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2023-12-31", "accession": "0000100517-26-000023", "fact_id": 20275952, "verified": "unverified", "age_days": 1030 }, { "name": "Operating cash flow FY2024", "value": 9445000000.0, "kind": "history", "source": "SEC XBRL NetCashProvidedByUsedInOperatingActivities", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2024-12-31", "accession": "0000100517-26-000023", "fact_id": 20976595, "verified": "unverified", "age_days": 664 }, { "name": "Capital expenditure FY2024", "value": 5615000000.0, "kind": "history", "source": "SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2024-12-31", "accession": "0000100517-26-000023", "fact_id": 20275953, "verified": "unverified", "age_days": 664 }, { "name": "Operating cash flow FY2025", "value": 8431000000.0, "kind": "history", "source": "SEC XBRL NetCashProvidedByUsedInOperatingActivities", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2025-12-31", "accession": "0000100517-26-000023", "fact_id": 24310897, "verified": "unverified", "age_days": 299 }, { "name": "Capital expenditure FY2025", "value": 5874000000.0, "kind": "history", "source": "SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2025-12-31", "accession": "0000100517-26-000023", "fact_id": 20275954, "verified": "unverified", "age_days": 299 }, { "name": "Shares outstanding", "value": 324894375.0, "kind": "current", "source": "SEC cover page 10-Q 0000100517-26-000186 (324,894,375 shares (single class on cover) (other registrants on a combined cover excluded: United Airlines, Inc. 1,000)); filing document https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/ual-20260930.htm", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/R1.htm", "period": "2026-10-15", "accession": "0000100517-26-000186", "fact_id": 24599776, "age_days": 11, "stale": false } ] }, "lynch": { "score": 27.0, "status": "ok", "complete": true, "missing_tests": [], "passes_all": false, "data_as_of": "2026-06-30", "data_as_of_meaning": "oldest current-period input the score depends on", "stale_inputs": [], "history_from": "2020", "history_through": "2025", "price_as_of": "2026-10-23", "price_stale": false, "verification": { "verified": 0, "mismatch": 0, "unverified": 5, "not_cross_checked": 1 }, "coverage": null, "computed_on": "2026-10-26", "rules_url": "https://theclaudetrader.com/p/lynch", "components": [ { "test": "1", "name": "PEG: P/E divided by 5-yr EPS growth (in % points)", "value": null, "threshold": "<= 1.0", "points": 0.0, "max": 30, "note": "earnings not positive in both years, or growth not positive: PEG undefined" }, { "test": "2", "name": "EPS growth, 5-yr compound rate", "value": null, "threshold": "12% to 35% a year", "points": 0.0, "max": 20, "note": "earnings not positive in both years" }, { "test": "3", "name": "P/E on latest annual EPS", "value": 9.6, "threshold": "<= 25", "points": 10.0, "max": 10 }, { "test": "4", "name": "Borrowings / equity", "value": 1.37, "threshold": "<= 0.5", "points": 2.0, "max": 15, "note": "LongTermDebt (incl. current maturities)" }, { "test": "5", "name": "Years of the last 5 in which EPS rose", "value": "5 of 5", "threshold": "5 of 5", "points": 15.0, "max": 15 }, { "test": "6", "name": "Net cash (cash minus borrowings) / market cap", "value": "-55.5%", "threshold": ">= +10%", "points": 0.0, "max": 10 } ], "inputs": [ { "name": "Price (close, per traded unit)", "value": 97.93, "kind": "price", "source": "Alpaca Market Data (consolidated SIP daily bar)", "url": "https://docs.alpaca.markets/docs/historical-stock-data-1", "period": "2026-10-23", "age_days": 3, "stale": false }, { "name": "EPS diluted FY2025", "value": 10.2, "kind": "history", "source": "SEC XBRL EarningsPerShareDiluted", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2025-12-31", "accession": "0000100517-26-000023", "fact_id": 24298974, "verified": "unverified", "age_days": 299 }, { "name": "EPS diluted FY2020", "value": -25.3, "kind": "history", "source": "SEC XBRL EarningsPerShareDiluted", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051723000048/", "period": "2020-12-31", "accession": "0000100517-23-000048", "fact_id": 20781640, "verified": "unverified", "age_days": 2125 }, { "name": "debt_incl_current", "value": 24294000000.0, "kind": "current", "source": "SEC XBRL LongTermDebtAndCapitalLeaseObligations", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000139/", "period": "2026-06-30", "accession": "0000100517-26-000139", "fact_id": 3840257, "verified": "unverified", "age_days": 118, "stale": false }, { "name": "equity", "value": 17754000000.0, "kind": "current", "source": "SEC XBRL StockholdersEquity", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/", "period": "2026-09-30", "accession": "0000100517-26-000186", "fact_id": 24499150, "verified": "unverified", "age_days": 26, "stale": false }, { "name": "cash", "value": 6648000000.0, "kind": "current", "source": "SEC XBRL CashAndCashEquivalentsAtCarryingValue", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/", "period": "2026-09-30", "accession": "0000100517-26-000186", "fact_id": 24532980, "verified": "unverified", "age_days": 26, "stale": false } ] }, "graham_enterprising": { "score": 32.1, "status": "ok", "complete": true, "missing_tests": [], "passes_all": false, "data_as_of": "2026-09-30", "data_as_of_meaning": "oldest current-period input the score depends on", "stale_inputs": [], "history_from": "2020", "history_through": "2025", "price_as_of": "2026-10-23", "price_stale": false, "verification": { "verified": 0, "mismatch": 0, "unverified": 10, "not_cross_checked": 3 }, "coverage": null, "computed_on": "2026-10-26", "rules_url": "https://theclaudetrader.com/p/graham_enterprising", "components": [ { "test": "1", "name": "Current ratio", "value": 0.75, "threshold": ">= 1.5", "points": 0.0, "max": 15 }, { "test": "2", "name": "Borrowings vs working capital", "value": null, "threshold": "<= 1.1x", "points": 0.0, "max": 15, "note": "working capital not positive" }, { "test": "3", "name": "No earnings deficit in the last 5 years", "value": "4 of 5 profitable", "threshold": "5 of 5", "points": 12.0, "max": 15 }, { "test": "4", "name": "Pays a current dividend", "value": "no", "threshold": "yes", "points": 0.0, "max": 10 }, { "test": "5", "name": "EPS higher than five years earlier", "value": "-25.30 -> 10.20", "threshold": "higher", "points": 10.0, "max": 10 }, { "test": "6", "name": "Price / book value per share", "value": 1.79, "threshold": "<= 1.2", "points": 10.1, "max": 20, "note": "book value used because intangibles are not separated in the dataset (Graham uses net tangible assets)" }, { "test": "7", "name": "Price / net current asset value per share (current assets minus all liabilities)", "value": null, "threshold": "<= 0.67", "points": 0.0, "max": 15, "note": "net current asset value not positive" } ], "inputs": [ { "name": "Price (close, per traded unit)", "value": 97.93, "kind": "price", "source": "Alpaca Market Data (consolidated SIP daily bar)", "url": "https://docs.alpaca.markets/docs/historical-stock-data-1", "period": "2026-10-23", "age_days": 3, "stale": false }, { "name": "current_assets", "value": 19988000000.0, "kind": "current", "source": "SEC XBRL AssetsCurrent", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/", "period": "2026-09-30", "accession": "0000100517-26-000186", "fact_id": 24339592, "verified": "unverified", "age_days": 26, "stale": false }, { "name": "current_liabilities", "value": 26639000000.0, "kind": "current", "source": "SEC XBRL LiabilitiesCurrent", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/", "period": "2026-09-30", "accession": "0000100517-26-000186", "fact_id": 24366503, "verified": "unverified", "age_days": 26, "stale": false }, { "name": "Net income FY2021", "value": -1964000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-040467)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051724000027/", "period": "2021-12-31", "accession": "0000100517-24-000027", "fact_id": 20719325, "verified": "unverified", "age_days": 1760 }, { "name": "Net income FY2022", "value": 737000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-040467)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051725000046/", "period": "2022-12-31", "accession": "0000100517-25-000046", "fact_id": 20726496, "verified": "unverified", "age_days": 1395 }, { "name": "Net income FY2023", "value": 2618000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-040467)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2023-12-31", "accession": "0000100517-26-000023", "fact_id": 20733541, "verified": "unverified", "age_days": 1030 }, { "name": "Net income FY2024", "value": 3149000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-040467)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2024-12-31", "accession": "0000100517-26-000023", "fact_id": 20740149, "verified": "unverified", "age_days": 664 }, { "name": "Net income FY2025", "value": 3353000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-040467)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2025-12-31", "accession": "0000100517-26-000023", "fact_id": 24292837, "verified": "unverified", "age_days": 299 }, { "name": "Dividend years (Yahoo)", "value": [ 2008 ], "kind": "history", "source": "Yahoo Finance dividend history", "url": "https://finance.yahoo.com/quote/UAL/history?filter=div", "period": null }, { "name": "EPS diluted FY2025", "value": 10.2, "kind": "history", "source": "SEC XBRL EarningsPerShareDiluted", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2025-12-31", "accession": "0000100517-26-000023", "fact_id": 24298974, "verified": "unverified", "age_days": 299 }, { "name": "EPS diluted FY2020", "value": -25.3, "kind": "history", "source": "SEC XBRL EarningsPerShareDiluted", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051723000048/", "period": "2020-12-31", "accession": "0000100517-23-000048", "fact_id": 20781640, "verified": "unverified", "age_days": 2125 }, { "name": "equity", "value": 17754000000.0, "kind": "current", "source": "SEC XBRL StockholdersEquity", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/", "period": "2026-09-30", "accession": "0000100517-26-000186", "fact_id": 24499150, "verified": "unverified", "age_days": 26, "stale": false }, { "name": "Shares outstanding", "value": 324894375.0, "kind": "current", "source": "SEC cover page 10-Q 0000100517-26-000186 (324,894,375 shares (single class on cover) (other registrants on a combined cover excluded: United Airlines, Inc. 1,000)); filing document https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/ual-20260930.htm", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/R1.htm", "period": "2026-10-15", "accession": "0000100517-26-000186", "fact_id": 24599776, "age_days": 11, "stale": false } ] }, "piotroski": { "score": 77.8, "status": "ok", "complete": true, "missing_tests": [], "passes_all": false, "data_as_of": null, "data_as_of_meaning": "oldest current-period input the score depends on", "stale_inputs": [], "history_from": "2024", "history_through": "2026", "price_as_of": null, "price_stale": false, "verification": { "verified": 0, "mismatch": 0, "unverified": 27, "not_cross_checked": 0 }, "coverage": null, "computed_on": "2026-10-26", "rules_url": "https://theclaudetrader.com/p/piotroski", "components": [ { "test": "1", "name": "Return on assets is positive", "value": "4.4%", "threshold": "pass = 1", "points": 11.11111111111111, "max": 11.11111111111111 }, { "test": "2", "name": "Operating cash flow is positive", "value": "8,431M", "threshold": "pass = 1", "points": 11.11111111111111, "max": 11.11111111111111 }, { "test": "3", "name": "Return on assets improved on the prior year", "value": "4.3% -> 4.4%", "threshold": "pass = 1", "points": 11.11111111111111, "max": 11.11111111111111 }, { "test": "4", "name": "Operating cash flow exceeds net income (accruals)", "value": "8,431M vs 3,353M", "threshold": "pass = 1", "points": 11.11111111111111, "max": 11.11111111111111 }, { "test": "5", "name": "Long-term debt / assets fell", "value": "29.3% -> 22.5%", "threshold": "pass = 1", "points": 11.11111111111111, "max": 11.11111111111111 }, { "test": "6", "name": "Current ratio improved", "value": "0.81 -> 0.65", "threshold": "pass = 1", "points": 0.0, "max": 11.11111111111111 }, { "test": "7", "name": "No new shares issued (share count did not rise)", "value": "324M -> 325M", "threshold": "pass = 1", "points": 11.11111111111111, "max": 11.11111111111111 }, { "test": "8", "name": "Operating margin improved (stand-in for gross margin, which the dataset does not carry)", "value": "8.9% -> 8.0%", "threshold": "pass = 1", "points": 0.0, "max": 11.11111111111111 }, { "test": "9", "name": "Asset turnover (revenue / assets) improved", "value": "0.77 -> 0.77", "threshold": "pass = 1", "points": 11.11111111111111, "max": 11.11111111111111 } ], "inputs": [ { "name": "net_income 2025-12-31", "value": 3353000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-040467)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2025-12-31", "accession": "0000100517-26-000023", "fact_id": 24292837, "verified": "unverified", "age_days": 299 }, { "name": "total_assets 2025-12-31", "value": 76448000000.0, "kind": "history", "source": "SEC XBRL Assets", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/", "period": "2025-12-31", "accession": "0000100517-26-000186", "fact_id": 24375642, "verified": "unverified", "age_days": 299 }, { "name": "cfo 2025-12-31", "value": 8431000000.0, "kind": "history", "source": "SEC XBRL NetCashProvidedByUsedInOperatingActivities", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2025-12-31", "accession": "0000100517-26-000023", "fact_id": 24310897, "verified": "unverified", "age_days": 299 }, { "name": "net_income 2025-12-31", "value": 3353000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-040467)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2025-12-31", "accession": "0000100517-26-000023", "fact_id": 24292837, "verified": "unverified", "age_days": 299 }, { "name": "net_income 2024-12-31", "value": 3149000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-040467)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2024-12-31", "accession": "0000100517-26-000023", "fact_id": 20740149, "verified": "unverified", "age_days": 664 }, { "name": "total_assets 2025-12-31", "value": 76448000000.0, "kind": "history", "source": "SEC XBRL Assets", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/", "period": "2025-12-31", "accession": "0000100517-26-000186", "fact_id": 24375642, "verified": "unverified", "age_days": 299 }, { "name": "total_assets 2024-12-31", "value": 74083000000.0, "kind": "history", "source": "SEC XBRL Assets", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2024-12-31", "accession": "0000100517-26-000023", "fact_id": 21928242, "verified": "unverified", "age_days": 664 }, { "name": "cfo 2025-12-31", "value": 8431000000.0, "kind": "history", "source": "SEC XBRL NetCashProvidedByUsedInOperatingActivities", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2025-12-31", "accession": "0000100517-26-000023", "fact_id": 24310897, "verified": "unverified", "age_days": 299 }, { "name": "net_income 2025-12-31", "value": 3353000000.0, "kind": "history", "source": "SEC XBRL NetIncomeLoss (10-K via companyfacts; frames served proxy 0001104659-26-040467)", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2025-12-31", "accession": "0000100517-26-000023", "fact_id": 24292837, "verified": "unverified", "age_days": 299 }, { "name": "lt_debt 2025-12-31", "value": 17170000000.0, "kind": "history", "source": "SEC XBRL LongTermDebtNoncurrent", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2025-12-31", "accession": "0000100517-26-000023", "fact_id": 24409923, "verified": "unverified", "age_days": 299 }, { "name": "lt_debt 2024-12-31", "value": 21680000000.0, "kind": "history", "source": "SEC XBRL LongTermDebtNoncurrent", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2024-12-31", "accession": "0000100517-26-000023", "fact_id": 22085143, "verified": "unverified", "age_days": 664 }, { "name": "total_assets 2025-12-31", "value": 76448000000.0, "kind": "history", "source": "SEC XBRL Assets", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/", "period": "2025-12-31", "accession": "0000100517-26-000186", "fact_id": 24375642, "verified": "unverified", "age_days": 299 }, { "name": "total_assets 2024-12-31", "value": 74083000000.0, "kind": "history", "source": "SEC XBRL Assets", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2024-12-31", "accession": "0000100517-26-000023", "fact_id": 21928242, "verified": "unverified", "age_days": 664 }, { "name": "current_assets 2025-12-31", "value": 16857000000.0, "kind": "history", "source": "SEC XBRL AssetsCurrent", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/", "period": "2025-12-31", "accession": "0000100517-26-000186", "fact_id": 24321734, "verified": "unverified", "age_days": 299 }, { "name": "current_assets 2024-12-31", "value": 18883000000.0, "kind": "history", "source": "SEC XBRL AssetsCurrent", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2024-12-31", "accession": "0000100517-26-000023", "fact_id": 21322661, "verified": "unverified", "age_days": 664 }, { "name": "current_liabilities 2025-12-31", "value": 26133000000.0, "kind": "history", "source": "SEC XBRL LiabilitiesCurrent", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/", "period": "2025-12-31", "accession": "0000100517-26-000186", "fact_id": 24348695, "verified": "unverified", "age_days": 299 }, { "name": "current_liabilities 2024-12-31", "value": 23314000000.0, "kind": "history", "source": "SEC XBRL LiabilitiesCurrent", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2024-12-31", "accession": "0000100517-26-000023", "fact_id": 21595553, "verified": "unverified", "age_days": 664 }, { "name": "shares_out 2026-10-15", "value": 324894375.0, "kind": "history", "source": "SEC XBRL EntityCommonStockSharesOutstanding", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/", "period": "2026-10-15", "accession": "0000100517-26-000186", "fact_id": 24587309, "verified": "unverified", "age_days": 11 }, { "name": "shares_out 2025-10-09", "value": 323737989.0, "kind": "history", "source": "SEC XBRL EntityCommonStockSharesOutstanding", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051725000193/", "period": "2025-10-09", "accession": "0000100517-25-000193", "fact_id": 24572362, "verified": "unverified", "age_days": 382 }, { "name": "operating_income 2025-12-31", "value": 4713000000.0, "kind": "history", "source": "SEC XBRL OperatingIncomeLoss", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2025-12-31", "accession": "0000100517-26-000023", "fact_id": 24304391, "verified": "unverified", "age_days": 299 }, { "name": "operating_income 2024-12-31", "value": 5096000000.0, "kind": "history", "source": "SEC XBRL OperatingIncomeLoss", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2024-12-31", "accession": "0000100517-26-000023", "fact_id": 20876248, "verified": "unverified", "age_days": 664 }, { "name": "revenue 2025-12-31", "value": 59070000000.0, "kind": "history", "source": "SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2025-12-31", "accession": "0000100517-26-000023", "fact_id": 24290317, "verified": "unverified", "age_days": 299 }, { "name": "revenue 2024-12-31", "value": 57063000000.0, "kind": "history", "source": "SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2024-12-31", "accession": "0000100517-26-000023", "fact_id": 20656908, "verified": "unverified", "age_days": 664 }, { "name": "revenue 2025-12-31", "value": 59070000000.0, "kind": "history", "source": "SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2025-12-31", "accession": "0000100517-26-000023", "fact_id": 24290317, "verified": "unverified", "age_days": 299 }, { "name": "revenue 2024-12-31", "value": 57063000000.0, "kind": "history", "source": "SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2024-12-31", "accession": "0000100517-26-000023", "fact_id": 20656908, "verified": "unverified", "age_days": 664 }, { "name": "total_assets 2025-12-31", "value": 76448000000.0, "kind": "history", "source": "SEC XBRL Assets", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/", "period": "2025-12-31", "accession": "0000100517-26-000186", "fact_id": 24375642, "verified": "unverified", "age_days": 299 }, { "name": "total_assets 2024-12-31", "value": 74083000000.0, "kind": "history", "source": "SEC XBRL Assets", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "period": "2024-12-31", "accession": "0000100517-26-000023", "fact_id": 21928242, "verified": "unverified", "age_days": 664 } ] } }, "net_income_by_fy": [ { "fy": 2013, "period_end": "2013-12-31", "sec_frame": "CY2013", "value": 571000000.0, "url": "https://www.sec.gov/Archives/edgar/data/100517/000119312516468479/", "accession": "0001193125-16-468479" }, { "fy": 2014, "period_end": "2014-12-31", "sec_frame": "CY2014", "value": 1132000000.0, "url": "https://www.sec.gov/Archives/edgar/data/100517/000119312517054129/", "accession": "0001193125-17-054129" }, { "fy": 2015, "period_end": "2015-12-31", "sec_frame": "CY2015", "value": 7340000000.0, "url": "https://www.sec.gov/Archives/edgar/data/100517/000119312518054235/", "accession": "0001193125-18-054235" }, { "fy": 2016, "period_end": "2016-12-31", "sec_frame": "CY2016", "value": 2234000000.0, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051719000009/", "accession": "0000100517-19-000009" }, { "fy": 2017, "period_end": "2017-12-31", "sec_frame": "CY2017", "value": 2143000000.0, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051720000010/", "accession": "0000100517-20-000010" }, { "fy": 2018, "period_end": "2018-12-31", "sec_frame": "CY2018", "value": 2122000000.0, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051721000016/", "accession": "0000100517-21-000016" }, { "fy": 2019, "period_end": "2019-12-31", "sec_frame": "CY2019", "value": 3009000000.0, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051722000009/", "accession": "0000100517-22-000009" }, { "fy": 2020, "period_end": "2020-12-31", "sec_frame": "CY2020", "value": -7069000000.0, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051723000048/", "accession": "0000100517-23-000048" }, { "fy": 2021, "period_end": "2021-12-31", "sec_frame": "CY2021", "value": -1964000000.0, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051724000027/", "accession": "0000100517-24-000027" }, { "fy": 2022, "period_end": "2022-12-31", "sec_frame": "CY2022", "value": 737000000.0, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051725000046/", "accession": "0000100517-25-000046" }, { "fy": 2023, "period_end": "2023-12-31", "sec_frame": "CY2023", "value": 2618000000.0, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "accession": "0000100517-26-000023" }, { "fy": 2024, "period_end": "2024-12-31", "sec_frame": "CY2024", "value": 3149000000.0, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "accession": "0000100517-26-000023" }, { "fy": 2025, "period_end": "2025-12-31", "sec_frame": "CY2025", "value": 3353000000.0, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "accession": "0000100517-26-000023" } ], "eps_diluted_by_fy": [ { "fy": 2013, "period_end": "2013-12-31", "sec_frame": "CY2013", "value": 1.53, "url": "https://www.sec.gov/Archives/edgar/data/100517/000119312516468479/", "accession": "0001193125-16-468479", "value_reported": 1.53, "split_factor": 1.0, "split_basis": null }, { "fy": 2014, "period_end": "2014-12-31", "sec_frame": "CY2014", "value": 2.93, "url": "https://www.sec.gov/Archives/edgar/data/100517/000119312517054129/", "accession": "0001193125-17-054129", "value_reported": 2.93, "split_factor": 1.0, "split_basis": null }, { "fy": 2015, "period_end": "2015-12-31", "sec_frame": "CY2015", "value": 19.47, "url": "https://www.sec.gov/Archives/edgar/data/100517/000119312518054235/", "accession": "0001193125-18-054235", "value_reported": 19.47, "split_factor": 1.0, "split_basis": null }, { "fy": 2016, "period_end": "2016-12-31", "sec_frame": "CY2016", "value": 6.76, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051719000009/", "accession": "0000100517-19-000009", "value_reported": 6.76, "split_factor": 1.0, "split_basis": null }, { "fy": 2017, "period_end": "2017-12-31", "sec_frame": "CY2017", "value": 7.06, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051720000010/", "accession": "0000100517-20-000010", "value_reported": 7.06, "split_factor": 1.0, "split_basis": null }, { "fy": 2018, "period_end": "2018-12-31", "sec_frame": "CY2018", "value": 7.67, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051721000016/", "accession": "0000100517-21-000016", "value_reported": 7.67, "split_factor": 1.0, "split_basis": null }, { "fy": 2019, "period_end": "2019-12-31", "sec_frame": "CY2019", "value": 11.58, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051722000009/", "accession": "0000100517-22-000009", "value_reported": 11.58, "split_factor": 1.0, "split_basis": null }, { "fy": 2020, "period_end": "2020-12-31", "sec_frame": "CY2020", "value": -25.3, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051723000048/", "accession": "0000100517-23-000048", "value_reported": -25.3, "split_factor": 1.0, "split_basis": null }, { "fy": 2021, "period_end": "2021-12-31", "sec_frame": "CY2021", "value": -6.1, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051724000027/", "accession": "0000100517-24-000027", "value_reported": -6.1, "split_factor": 1.0, "split_basis": null }, { "fy": 2022, "period_end": "2022-12-31", "sec_frame": "CY2022", "value": 2.23, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051725000046/", "accession": "0000100517-25-000046", "value_reported": 2.23, "split_factor": 1.0, "split_basis": null }, { "fy": 2023, "period_end": "2023-12-31", "sec_frame": "CY2023", "value": 7.89, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "accession": "0000100517-26-000023", "value_reported": 7.89, "split_factor": 1.0, "split_basis": null }, { "fy": 2024, "period_end": "2024-12-31", "sec_frame": "CY2024", "value": 9.45, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "accession": "0000100517-26-000023", "value_reported": 9.45, "split_factor": 1.0, "split_basis": null }, { "fy": 2025, "period_end": "2025-12-31", "sec_frame": "CY2025", "value": 10.2, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "accession": "0000100517-26-000023", "value_reported": 10.2, "split_factor": 1.0, "split_basis": null } ], "revenue_by_fy": [ { "fy": 2013, "period_end": "2013-12-31", "sec_frame": "CY2013", "value": 38279000000.0, "url": "https://www.sec.gov/Archives/edgar/data/100517/000119312516468479/", "accession": "0001193125-16-468479" }, { "fy": 2014, "period_end": "2014-12-31", "sec_frame": "CY2014", "value": 38901000000.0, "url": "https://www.sec.gov/Archives/edgar/data/100517/000119312517054129/", "accession": "0001193125-17-054129" }, { "fy": 2015, "period_end": "2015-12-31", "sec_frame": "CY2015", "value": 37864000000.0, "url": "https://www.sec.gov/Archives/edgar/data/100517/000119312518054235/", "accession": "0001193125-18-054235" }, { "fy": 2016, "period_end": "2016-12-31", "sec_frame": "CY2016", "value": 36556000000.0, "url": "https://www.sec.gov/Archives/edgar/data/100517/000119312518054235/", "accession": "0001193125-18-054235" }, { "fy": 2017, "period_end": "2017-12-31", "sec_frame": "CY2017", "value": 37736000000.0, "url": "https://www.sec.gov/Archives/edgar/data/100517/000119312518054235/", "accession": "0001193125-18-054235" }, { "fy": 2018, "period_end": "2018-12-31", "sec_frame": "CY2018", "value": 41303000000.0, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051721000016/", "accession": "0000100517-21-000016" }, { "fy": 2019, "period_end": "2019-12-31", "sec_frame": "CY2019", "value": 43259000000.0, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051722000009/", "accession": "0000100517-22-000009" }, { "fy": 2020, "period_end": "2020-12-31", "sec_frame": "CY2020", "value": 15355000000.0, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051723000048/", "accession": "0000100517-23-000048" }, { "fy": 2021, "period_end": "2021-12-31", "sec_frame": "CY2021", "value": 24634000000.0, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051724000027/", "accession": "0000100517-24-000027" }, { "fy": 2022, "period_end": "2022-12-31", "sec_frame": "CY2022", "value": 44955000000.0, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051725000046/", "accession": "0000100517-25-000046" }, { "fy": 2023, "period_end": "2023-12-31", "sec_frame": "CY2023", "value": 53717000000.0, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "accession": "0000100517-26-000023" }, { "fy": 2024, "period_end": "2024-12-31", "sec_frame": "CY2024", "value": 57063000000.0, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "accession": "0000100517-26-000023" }, { "fy": 2025, "period_end": "2025-12-31", "sec_frame": "CY2025", "value": 59070000000.0, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "accession": "0000100517-26-000023" } ], "dividend_years": [ 2008 ], "insider_transactions_recent": [ { "txn_date": "2026-08-25", "insider_name": "Nocella Andrew P", "role": "officer", "code": "S", "shares": 5000.0, "price": 117.0, "value": 585000.0, "is_10b5_1": 0, "source_url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000168/" }, { "txn_date": "2026-08-04", "insider_name": "Nocella Andrew P", "role": "officer", "code": "S", "shares": 3000.0, "price": 132.3, "value": 396900.00000000006, "is_10b5_1": 0, "source_url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000163/" }, { "txn_date": "2026-08-03", "insider_name": "Leskinen Michael D.", "role": "CFO", "code": "S", "shares": 10000.0, "price": 128.19, "value": 1281900.0, "is_10b5_1": 1, "source_url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000164/" }, { "txn_date": "2026-07-28", "insider_name": "Hart Brett J", "role": "Pres", "code": "S", "shares": 30108.0, "price": 120.72, "value": 3634637.76, "is_10b5_1": 0, "source_url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000157/" }, { "txn_date": "2026-07-28", "insider_name": "Nocella Andrew P", "role": "officer", "code": "S", "shares": 4200.0, "price": 120.48, "value": 506016.0, "is_10b5_1": 0, "source_url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000159/" }, { "txn_date": "2026-07-24", "insider_name": "Enqvist Torbjorn J", "role": "officer", "code": "S", "shares": 20000.0, "price": 119.91, "value": 2398200.0, "is_10b5_1": 0, "source_url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000160/" }, { "txn_date": "2026-07-21", "insider_name": "KIRBY J SCOTT", "role": "CEO", "code": "S", "shares": 159321.0, "price": 118.05, "value": 18807844.05, "is_10b5_1": 0, "source_url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000142/" }, { "txn_date": "2026-06-16", "insider_name": "KIRBY J SCOTT", "role": "CEO", "code": "S", "shares": 1078.0, "price": 120.74, "value": 130157.72, "is_10b5_1": 0, "source_url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000120/" }, { "txn_date": "2026-06-15", "insider_name": "KIRBY J SCOTT", "role": "CEO", "code": "S", "shares": 48303.0, "price": 121.3, "value": 5859153.899999999, "is_10b5_1": 0, "source_url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000120/" }, { "txn_date": "2026-05-26", "insider_name": "Gebo Kate", "role": "officer", "code": "S", "shares": 34669.0, "price": 105.41, "value": 3654459.29, "is_10b5_1": 0, "source_url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000117/" }, { "txn_date": "2026-05-26", "insider_name": "Gebo Kate", "role": "officer", "code": "S", "shares": 5331.0, "price": 105.51, "value": 562473.81, "is_10b5_1": 0, "source_url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000117/" }, { "txn_date": "2026-05-01", "insider_name": "Nocella Andrew P", "role": "officer", "code": "S", "shares": 7000.0, "price": 90.19, "value": 631330.0, "is_10b5_1": 0, "source_url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000093/" } ], "links": { "sec_filings": "https://www.sec.gov/edgar/browse/?CIK=0000100517", "sec_xbrl_companyfacts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000100517.json", "sec_form4": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000100517&type=4", "sec_8k": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000100517&type=8-K", "yahoo": "https://finance.yahoo.com/quote/UAL", "stooq": "https://stooq.com/q/d/?s=ual.us", "external_views_link_only": { "morningstar": "https://www.morningstar.com/search?query=UAL", "finviz": "https://finviz.com/quote.ashx?t=UAL", "stockanalysis": "https://stockanalysis.com/stocks/ual/", "seeking_alpha": "https://seekingalpha.com/symbol/UAL", "openinsider": "http://openinsider.com/search?q=UAL", "google_news": "https://news.google.com/rss/search?q=UAL+stock" } }, "machine_readable": { "json": "https://theclaudetrader.com/s/UAL.json", "markdown": "https://theclaudetrader.com/s/UAL.md", "research_packet": "https://theclaudetrader.com/r/UAL.json", "index": "https://theclaudetrader.com/llms.txt" }, "dossier": null, "cite_as": "The Claude Trader snapshot 2026-10-26, https://theclaudetrader.com/s/UAL; data from SEC EDGAR XBRL and market prices (Alpaca Market Data, Yahoo Finance) to 2026-10-23.", "disclaimer": "Scores are deterministic rule outputs from public filings. fair_value_model is a labelled model estimate from the same filings (method at /fair-value), not an opinion or recommendation.", "fair_value_model": { "fair_value": 151.08, "fv_low": 111.99, "fv_high": 210.27, "fv_gap_pct": 54.3, "fv_verdict": "green", "fv_methods": 3, "fv_as_of": "2026-10-23", "fv_calculated_on": "2026-10-26", "fv_inputs_through": "2026-10-21", "fv_skipped": null, "unit": "per traded unit (share or ADS), same currency as the price", "methods": { "dcf": { "value": 151.07708639804022, "growth_used": 0.1, "fcf_avg": 2042333333.3333333, "inputs": { "fcf": { "value": 2042333333.3333333, "years": [ 2023, 2024, 2025 ], "by_year": [ -260000000.0, 3830000000.0, 2557000000.0 ], "cfo": [ { "value": 6911000000.0, "tag": "SEC XBRL NetCashProvidedByUsedInOperatingActivities", "period_end": "2023-12-31", "accession": "0000100517-26-000023", "filed": null, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/" }, { "value": 9445000000.0, "tag": "SEC XBRL NetCashProvidedByUsedInOperatingActivities", "period_end": "2024-12-31", "accession": "0000100517-26-000023", "filed": null, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/" }, { "value": 8431000000.0, "tag": "SEC XBRL NetCashProvidedByUsedInOperatingActivities", "period_end": "2025-12-31", "accession": "0000100517-26-000023", "filed": null, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/" } ], "capex": [ { "value": 7171000000.0, "tag": "SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback)", "period_end": "2023-12-31", "accession": "0000100517-26-000023", "filed": "2026-02-12", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/" }, { "value": 5615000000.0, "tag": "SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback)", "period_end": "2024-12-31", "accession": "0000100517-26-000023", "filed": "2026-02-12", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/" }, { "value": 5874000000.0, "tag": "SEC XBRL PaymentsToAcquireProductiveAssets (10-K via companyfacts; capex fallback)", "period_end": "2025-12-31", "accession": "0000100517-26-000023", "filed": "2026-02-12", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/" } ] }, "revenue_cagr_5y": { "value": 0.3092525547522449, "from": { "value": 15355000000.0, "tag": "SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax", "period_end": "2020-12-31", "accession": "0000100517-23-000048", "filed": null, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051723000048/" }, "to": { "value": 59070000000.0, "tag": "SEC XBRL RevenueFromContractWithCustomerExcludingAssessedTax", "period_end": "2025-12-31", "accession": "0000100517-26-000023", "filed": null, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/" } }, "shares": { "value": 324894375.0, "tag": "SEC cover page 10-Q 0000100517-26-000186 (324,894,375 shares (single class on cover) (other registrants on a combined cover excluded: United Airlines, Inc. 1,000)); filing document https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/ual-20260930.htm", "period_end": "2026-10-15", "accession": "0000100517-26-000186", "filed": "2026-10-21", "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/R1.htm" } } }, "earnings": { "value": 210.26828157885018, "pe_used": 20.614537409691195, "pe_raw": 20.614537409691195, "pe_basis": "SIC 45 peer median excluding itself (4 peers)", "inputs": { "eps": { "fy": 2025, "value": 10.2, "tag": "SEC XBRL EarningsPerShareDiluted", "period_end": "2025-12-31", "accession": "0000100517-26-000023", "filed": null, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "value_reported": 10.2, "split_factor": 1.0 } } }, "graham": { "value": 111.98719235819948, "inputs": { "eps": { "fy": 2025, "value": 10.2, "tag": "SEC XBRL EarningsPerShareDiluted", "period_end": "2025-12-31", "accession": "0000100517-26-000023", "filed": null, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000023/", "value_reported": 10.2, "split_factor": 1.0 }, "bvps": { "value": 54.64545207961818, "equity": { "value": 17754000000.0, "tag": "SEC XBRL StockholdersEquity", "period_end": "2026-09-30", "accession": "0000100517-26-000186", "filed": null, "url": "https://www.sec.gov/Archives/edgar/data/100517/000010051726000186/" }, "shares": 324894375.0 } } } }, "method_note": "Median of up to three methods from SEC filings: owner-earnings DCF (3-yr avg FCF, 10-yr two-stage, growth = min(5-yr revenue CAGR, 10%) fading to 2.5%, 9% discount), trailing EPS x SIC-peer median P/E (8-35), Graham number. Model estimate, not advice.", "discount_rate": 0.09, "terminal_growth": 0.025, "verdict_rule": "green: fair value more than 10% above price; red: more than 10% below; amber: within 10%", "page": "https://theclaudetrader.com/fair-value" } }