RDW
Redwire Corporation
RDW has the edge over UAL overall, supported by stronger valuation and stronger modeled upside.
UAL
United Airlines Holdings, Inc.
UAL has lower modeled downside risk, despite its lower overall score.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
UAL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Under pressure | |
| Stable |
UAL's revenue and profitability are currently healthy, and its balance sheet is stable, but its cash flow is under pressure.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
UAL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.4x | $58.92 | -47% |
| Fair | 8.3x | $90.43 | -19% |
| Current | 10x | $111 | — |
| Expensive | 11x | $121 | +8.5% |
| Forward | 13x | $111 | — |
Historical ranges are pointers, not guarantees.
UAL's PE is in its expensive range at 10x. On analysts' estimates for next year's earnings, today's price would be 13x.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
RDW has the edge over UAL on the outlook, with more favorable earnings and profitability expectations.
UAL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Stable | |
| Growth | |
| Weakening | |
| Limited | |
| Low |
Analysts expect UAL's revenue to grow, but its profitability to weaken. However, they disagree widely on these estimates.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
UAL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.29 | -24% |
| Q3 2026 | $10.91 | +9.1% |
| Q2 2026 | $10.67 | +6.7% |
| Q1 2026 | $11.18 | +1.7% |
| Q4 2025 | $10.20 | +7.9% |
| Q3 2025 | $10.00 | +20% |
| Q2 2025 | $10.00 | +13% |
| Q1 2025 | $10.99 | +36% |
| Q4 2024 | $9.45 | +20% |
UAL has the edge over RDW on earnings quality, reporting a profit while its opponent remains loss making.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW's revenue has grown year over year for five quarters in a row: $109M last quarter, up 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 points from the same quarter a year ago.
UAL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $17.9B | +17% |
| Q2 2026 | $17.7B | +16% |
| Q1 2026 | $14.6B | +11% |
| Q4 2025 | $15.4B | +4.8% |
| Q3 2025 | $15.2B | +2.6% |
| Q2 2025 | $15.2B | +1.7% |
| Q1 2025 | $13.2B | +5.4% |
| Q4 2024 | $14.7B | +7.8% |
UAL's revenue has grown year over year for 22 quarters in a row: $17.9B last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.1% | -1.1 points |
| Q2 2026 | 6.2% | -2.5 points |
| Q1 2026 | 6.8% | +2.2 points |
| Q4 2025 | 9% | -1.2 points |
| Q3 2025 | 9.2% | -1.4 points |
| Q2 2025 | 8.7% | -4.2 points |
| Q1 2025 | 4.6% | +3.8 points |
| Q4 2024 | 10% | +2.9 points |
UAL has the edge over RDW on profitability, with a higher operating margin.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
UAL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.7B | -$1.4B |
| Q2 2026 | $267M | -71% |
| Q1 2026 | $3.1B | +26% |
| Q4 2025 | -$604M | -210% |
| Q3 2025 | -$246M | -380% |
| Q2 2025 | $930M | -46% |
| Q1 2025 | $2.5B | +67% |
| Q4 2024 | $549M | +$3.5B |
UAL has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
UAL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +800K shares |
| 1 year | +0.2% | +500K shares |
| 3 years | -1.5% | -5M shares |
| 5 years | -0.5% | -1.6M shares |
| Available history | +26% | +67.5M shares |
UAL has the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $27M |
| Q4 2025 | $27M |
| Q3 2025 | $21M |
| Q2 2025 | $240M |
| Q1 2025 | $349M |
| Q4 2024 | $80M |
UAL spent $54M buying back its own shares over the past year, down 92% from the year before.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
UAL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.5x | Moderate |
| Q2 2026 | 2.1x | Moderate |
| Q1 2026 | 2.0x | Moderate |
| Q4 2025 | 2.0x | Moderate |
| Q3 2025 | 2.4x | Moderate |
| Q2 2025 | 2.2x | Moderate |
| Q1 2025 | 2.1x | Moderate |
| Q4 2024 | 2.0x | Healthy |
UAL's net debt is about 2.5 years of its operating earnings (EBITDA), about the same as a year ago.
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
UAL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.1 | Neutral |
| Stochastic | 39.2 | Neutral |
UAL's weekly RSI is 51 (neutral) and its Stochastic is 39 (neutral).
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
UAL PE vs Industrials Sector
| Metric | UAL | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 24x | 58% below |
| PE % | 72 | 58 | 14 pts above |
UAL is trading at 10x earnings, a 58% discount to the Industrials sector's median of 24x.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
UAL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $107.0 | 3.9% above |
| 20 week MA | $114.0 | 2.4% below |
| 50 week MA | $108.7 | 2.4% above |
| 100 week MA | $99.3 | 12% above |
| 200 week MA | $74.9 | 49% above |
UAL has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW has the edge over UAL on returns for 2026, with the stronger performance.
UAL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $88.4 | $43.3 | -51% |
| 2021 | $43.3 | $44.9 | +3.7% |
| 2022 | $44.9 | $38.4 | -14% |
| 2023 | $38.4 | $41.3 | +7.5% |
| 2024 | $41.3 | $99.7 | +142% |
| 2025 | $99.7 | $114.0 | +14% |
| 2026 YTD | $114.0 | $111.3 | -2.4% |
UAL's yearly returns have swung widely, from +142% in 2024 to −51% in 2020. It's down 2.4% so far in 2026.