United Airlines Holdings Inc. (UAL) — RQD Stock Rating Cockpit

The Roarable RQD Score is 56, graded D+, with the verdict "Roarable Sell — Weak Fundamentals / Trim." Across its five pillars, the Fundamental Cash Engine scores 12 of 20 (ROIC 14%; FCF yield 16.89%), suggesting the business generates meaningful cash returns relative to its capital base and market value, though not at a level that offsets weakness elsewhere. Whale 13F Flow scores 10 of 20 (institutional accumulation and options positioning), a moderate reading. Insider Conviction scores 17 of 20 (SEC Form 4 and Congressional PTR cluster flow), the strongest pillar in the rating. Macro Regime Fit scores 7 of 20 (Beta 0.9; sector sensitivity), indicating limited alignment with the current regime as characterized by the rating. Forensic Balance Sheet scores 10 of 20 (Altman Z 1.57; Piotroski F 6/9; Debt/Equity 1.12), reflecting a balance sheet the rating treats as a meaningful concern.

For a prospective investor, the upside drivers in the data are the high FCF yield and the insider cluster flow. The valuation tradeoff is that the stock trades at a P/E (TTM) of 10.2 and EV/EBITDA of 6.5 in the source data, which may look inexpensive, but the rating weighs balance-sheet forensics and macro fit more heavily than headline valuation. The Altman Z of 1.57 and Debt/Equity of 1.12 are the points the rating treats as the most constraining. This is an analytical reading of the source data, not personalized financial advice.

United Airlines Holdings Inc. is listed on NASDAQ under the ticker UAL and is classified in the Consumer Discretionary sector and the Air Freight/Delivery Services industry per the company profile. The profile lists a market capitalization of $34.2B. The source data does not describe its products, customer base, or specific revenue-generating model beyond the sector and industry classification.

Per the SEC financials, revenue rose across the three reported periods while operating income declined from FY 2024 to FY 2025. Per the market data, the operating margin is 8%, the net margin is 5.7%, and the ROIC is 14%. The source data provides an Altman Z-Score of 1.57, a Piotroski F-Score of 6/9, and a Debt/Equity ratio of 1.12 within the Roarable RQD rating pillars. Debt declined from $21680.0M in FY 2024 to $17170.0M in FY 2025, while reported cash also declined over the same period.

Five headlines are provided, all related to UAL. The highest-impact item is labeled CATALYST (GREEN) and reports that the stock dropped despite market gains. A CNBC headline (YELLOW, MARKET WIRE) reports that United slashed its 2026 profit outlook on fuel prices while travelers continue booking despite higher fares. Other items (YELLOW, MARKET WIRE) cover a Motley Fool buying guide, a Yahoo Finance note on the stock trading up, a Trefis explainer, and a Yahoo! Finance quote page. The source data does not provide the underlying detail of these reports beyond the headlines and summaries. The Butterfly Supply-Chain Graph reports no supply-chain links and no proprietary signals.

Per the Butterfly Supply-Chain Graph, the supply chain is recorded as NONE, with no butterfly links and no proprietary signals. Upstream and downstream dependencies, sector correlations, and second-order bottlenecks are therefore not available in source data. The only sector-level context is the Consumer Discretionary classification and the Air Freight/Delivery Services industry. The CNBC headline's reference to fuel prices is the one cost-side ripple mentioned in the source data; the source does not quantify its effect.

• Which specific fuel-price and fare dynamics underlie the 2026 profit outlook revision, and by how much is the outlook reduced? The source provides only the headline.
• Why does the Altman Z of 1.57 and Debt/Equity of 1.12 persist alongside a 14% ROIC, and how is debt being serviced given the $17170.0M figure?
• What drove the decline in operating income from $5096.0M in FY 2024 to $4713.0M in FY 2025 despite revenue growth?
• Who are the specific 13F, Form 4, and Congressional filers behind the insider and whale pillar scores, given that holders data is unavailable?
• Why is EPS reported as N/A across all periods when the market data lists EPS (TTM) of 10.32?