United Airlines Holdings, Inc.
$45.18B- Market cap
- $36.15B
- Debt
- +$21.27B
- Cash
- −$12.24B
Capital structure 63% equity / 37% debt · EV / Revenue 0.76x · EV / EBITDA 7.98x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: UAL stock price vs MKC: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at MKC's multiple
Needs MKC P/E.
Implied fair value · at UAL's multiple
Needs UAL P/E.
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple discount
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: UAL FY 2025 (ended Dec 31, 2025) · MKC FY 2025 (ended Nov 30, 2025). Fiscal years are not aligned.
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 63% equity / 37% debt · EV / Revenue 0.76x · EV / EBITDA 7.98x
Capital structure 77% equity / 23% debt · EV / Revenue 2.64x · EV / EBITDA 11.30x
UAL carries the larger enterprise value at $45.18B against $18.04B; UAL trades on the lower EV / Revenue multiple (0.76x vs 2.64x); UAL on the lower EV / EBITDA (7.98x vs 11.30x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
United Airlines Holdings, Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
McCORMICK & COMPANY, INCORPORATED · implied price per share
Bear
$19.17
Base
$25.77
Bull
$34.68
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
1.39x
0.72x
Net debt / EBITDA
Leverage against operating earnings
1.59x
2.52x
Cash and equivalents
Liquid reserves on the balance sheet
$12.24B
$95.90M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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