Ferrovial SE (FER) vs United Airlines Holdings, Inc. (UAL)

A side-by-side comparison of Ferrovial SE and United Airlines Holdings, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 3, 2026. Differences are shown without an overall score or investment verdict.

Compare

Total returnFER vs UAL

growth of $100 · dividends reinvested · last 10y
FER +244.5% (+13.2%/yr)UAL +111.9% (+7.8%/yr)FER compounded faster over this window
100200300400Start $10020182020202220242026$345$212
FER UAL

FER vs UAL: by the numbers

  • FER is the larger company ($42.10B vs $35.25B market cap).
  • UAL trades at the lower trailing earnings multiple (10.14 vs 45.18 P/E), one valuation lens rather than an overall verdict.
  • FER converts more revenue to profit (6.73% vs 5.56% net margin).
  • UAL grew revenue faster over the past five years (33.94% vs 7.22% CAGR).
  • FER pays a dividend (2.23% yield), while UAL is a former payer with no current dividend run rate.

Metrics side by side

Valuation

MetricFERUAL
P/E ratio45.1810.14
Forward P/E58.4310.65
P/S ratio2.470.56
P/B ratio6.382.12
EV / EBITDA19.457.48
FCF yield8.40%7.19%

Profitability

MetricFERUAL
Gross margin24.87%65.06%
Operating margin10.04%7.75%
Net margin6.73%5.56%
ROE17.37%20.94%
ROIC6.80%6.46%

Dividends

MetricFERUAL
Dividend yield2.23%N/A
Payout ratio88.69%N/A

Growth (annualized)

MetricFERUAL
Revenue CAGR (5Y)7.22%33.94%
EPS CAGR (5Y)25.63%N/A
FCF CAGR (5Y)9.48%52.93%
Total return CAGR (5Y)17.59%18.30%

Frequently asked

Which has the lower trailing P/E, FER or UAL?
UAL has the lower trailing P/E: FER trades at 45.18 and UAL at 10.14. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, FER or UAL?
Over the past five years, UAL grew revenue faster — FER at a 7.22% CAGR versus UAL at 33.94%.
Does FER or UAL pay a bigger dividend?
FER pays a dividend (2.23% yield), while UAL is a former payer with no current dividend run rate.
Is FER or UAL more profitable?
FER runs the higher net margin — FER at 6.73% versus UAL at 5.56%.
How have FER and UAL total returns compared?
Over the past 10 years, FER delivered 13.17% and UAL delivered 7.81% annualized total return. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 3, 2026.