EBITDA CAGR uses clean operating EBITDA derived from reported operating income plus depreciation and amortization.
Over longer horizons, EBITDA CAGR averages 16.87% over 3 years and 2.52% over 5 years; the trailing 12 months came in at -4.65%. EBITDA CAGR shows how the company's operating profitability has grown before depreciation and amortization. This reflects the growth of the core business's cash-operating earnings power, independent of capital-intensity and accounting depreciation choices.
United Airlines Holdings, Inc. (UAL)
EBITDA growth vs the same quarter one year earlier, last 40 quarters.
Reported quarterly EBITDA; no daily interpolation.
| Year | Start EBITDA | End EBITDA | Change | % Change |
|---|---|---|---|---|
| 2025 | $8.02B | $7.65B | −$373.00M | -4.65% |
| 2024 | $6.88B | $8.02B | +$1.14B | +16.59% |
| 2023 | $4.79B | $6.88B | +$2.09B | +43.58% |
| 2022 | $1.46B | $4.79B | +$3.33B | +227.61% |
| 2021 | $6.59B | $1.46B | −$5.13B | -77.80% |
| 2019 | $5.39B | $6.59B | +$1.20B | +22.15% |
| 2018 | $5.77B | $5.39B | −$373.00M | -6.47% |
| 2017 | $6.32B | $5.77B | −$554.00M | -8.76% |
| 2016 | $6.99B | $6.32B | −$664.00M | -9.51% |
| 2015 | $4.05B | $6.99B | +$2.93B | +72.38% |
| 2014 | $2.94B | $4.05B | +$1.11B | +37.92% |
| 2013 | $1.56B | $2.94B | +$1.38B | +88.21% |
| 2012 | $3.37B | $1.56B | −$1.81B | -53.67% |
| 2011 | $2.06B | $3.37B | +$1.31B | +63.94% |
| 2010 | $693.00M | $2.06B | +$1.36B | +196.54% |
| 2009 | $1.96B | $693.00M | −$1.27B | -64.68% |
| 2007 | $1.33B | $1.96B | +$627.00M | +46.97% |
| 2006 | $654.00M | $1.33B | +$681.00M | +104.13% |
| 2005 | $20.00M | $654.00M | +$634.00M | +3170.00% |
| 2004 | $1.71B | $20.00M | −$1.69B | -98.83% |
| 2000 | $2.26B | $1.71B | −$546.00M | -24.18% |
| 1999 | $2.27B | $2.26B | −$13.00M | -0.57% |
| 1998 | $1.98B | $2.27B | +$288.00M | +14.52% |
| 1997 | $1.88B | $1.98B | +$101.00M | +5.37% |
| Quarter | Value | QoQ | YoY |
|---|---|---|---|
| Quarter ended Jun 2026 | $1.86B | +6.0% | -9.7% |
| Quarter ended Mar 2026 | $1.75B | -17.9% | +31.4% |
| Quarter ended Dec 2025 | $2.13B | +0.4% | -5.2% |
| Quarter ended Sep 2025 | $2.13B | +3.3% | -7.9% |
| Quarter ended Jun 2025 | $2.06B | +54.3% | -22.3% |
| Quarter ended Mar 2025 | $1.33B | -40.8% | +65.3% |
| Quarter ended Dec 2024 | $2.25B | -2.4% | +34.0% |
| Quarter ended Sep 2024 | $2.31B | -12.9% | -4.0% |
| Quarter ended Jun 2024 | $2.65B | +228.1% | +21.1% |
| Quarter ended Mar 2024 | $807.00M | -52.0% | +31.9% |
| Quarter ended Dec 2023 | $1.68B | -30.0% | -8.3% |
| Quarter ended Sep 2023 | $2.40B | +9.9% | +16.2% |
| Quarter ended Jun 2023 | $2.19B | +257.2% | +46.8% |
| Quarter ended Mar 2023 | $612.00M | -66.6% | N/A |
| Quarter ended Dec 2022 | $1.83B | -11.4% | +768.7% |
| Quarter ended Sep 2022 | $2.07B | +38.9% | +24.6% |
QoQ = change vs the prior quarter; YoY = change vs the same quarter a year earlier.
